Market outlook for 03/12/2014

Nifty closed down 31.20 points (0.36%) at 8524.70 while Future closed at 8575.35, premium of 50.65 points.
Bank Nifty closed up 30.55 points (0.16%) at 18555.85 while Future closed at 18670.60, premium of 114.75 points.

• FII bought in Cash (Net buy 106.82 Crore)
• FII sold in index option, stock future and in index future (Net sell 2631.02 Crore)
• DII sold in Cash (Net sell 40.42 Crore)
• Most Active Nifty Call Option: 8600 and 8700.
• Most Active Nifty Put Options: 8500 and 8400.
• Advance Decline for the day was 821:705.
• McClellan's oscillator for NSE at -21.

NIFTY TECHNICAL

Current Spot: 8524.70
Pivot: 8530
5DEMA: 8526
10DEMA: 8481
20DEMA: 8408
50DEMA: 8253
RSI (14 days): 65.55
Parabolic SAR: 8437
Supports: 8500 - 8474 - 8444
Resistance: 8555 - 8585 - 8611

Nifty Future VWAP: 8571.87
Nifty Future VIX Range: 8512 - 8638
MP Values Nifty Future: VAH - 8591, POC - 8576, VAL - 8561

BANKNIFTY TECHNICAL

Current Spot: 18555.85
Pivot: 18486
5DEMA: 18374
10DEMA: 18155
20DEMA: 17772
50DEMA: 17074
RSI (14 days): 76.04
Parabolic SAR: 18178
Supports: 18371 - 18185 - 18070
Resistance: 18671 - 18787 - 18972

Bank Nifty Future VWAP: 18588.57
Bank Nifty Future VIX Range: 18408 - 18892
MP Values Bank Nifty Future: VAH - 18643, POC - 18547, VAL - 18451

Thanks and Regards

MarketPulse S&P