Market outlook for 09/12/2014

Nifty closed down 100.05 points (1.17%) at 8438.25 while Future closed at 8489.75, premium of 51.50 points.
Bank Nifty closed down 246.70 points (1.32%) at 18510.05 while Future closed at 18614.10, premium of 104.05 points.

• FII bought huge in Cash (Net buy 4984.60 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 310.89 Crore)
• DII bought in Cash (Net buy 1030.65 Crore)
• Most Active Nifty Call Option: 8600 and 8700.
• Most Active Nifty Put Options: 8500 and 8400.
• Advance Decline for the day was 471:1081.
• McClellan's oscillator for NSE at -17.

NIFTY TECHNICAL

Current Spot: 8438.25
Pivot: 8472
5DEMA: 8506
10DEMA: 8502
20DEMA: 8444
50DEMA: 8301
RSI (14 days): 53.31
Parabolic SAR: 8627
Supports: 8398 - 8358 - 8284
Resistance: 8512 - 8586 - 8626

Nifty Future VWAP: 8520.41
Nifty Future VIX Range: 8425 - 8545
MP Values Nifty Future: VAH - 8546, POC - 8499, VAL - 8484

BANKNIFTY TECHNICAL

Current Spot: 18510.05
Pivot: 18601
5DEMA: 18592
10DEMA: 18435
20DEMA: 18068
50DEMA: 17318
RSI (14 days): 67.86
Parabolic SAR: 18487
Supports: 18396 - 18282 - 18078
Resistance: 18714 - 18919 - 19033

Bank Nifty Future VWAP: 18703.91
Bank Nifty Future VIX Range: 18397 - 18843
MP Values Bank Nifty Future: VAH - 18734, POC - 18644, VAL - 18583

Thanks and Regards

MarketPulse S&P