Market outlook for 28/07/2015

Nifty closed down 160.55 points (1.88%) at 8361.00 while Future closed at 8372.80, premium of 11.80 points.
Bank Nifty closed down 422.80 points (2.27%) at 18213.05 while Future closed at 18251.45, premium of 38.40 points.

• FII sold in Cash (Net sell 859.94 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 954.37 Crore)
• DII bought in Cash (Net buy 238.66 Crore)
• Most Active Nifty Call Option: 8500 and 8600.
• Most Active Nifty Put Options: 8400 and 8300.
• Advance Decline for the day was 441:1085.
• McClellan's oscillator for NSE at -18.

NIFTY TECHNICAL

Current Spot: 8361.00
Pivot: 8402
5DEMA: 8495
10DEMA: 8509
20DEMA: 8472
50DEMA: 8378
RSI (14 days): 44.98
Parabolic SAR: 8655
Supports: 8311 - 8261 - 8170
Resistance: 8452 - 8542 - 8592

Nifty Future VWAP: 8423.12
Nifty Future VIX Range: 8291 - 8448
MP Values Nifty Future: VAH - 8449, POC - 8411, VAL - 8373

BANKNIFTY TECHNICAL

Current Spot: 18213.05
Pivot: 18322
5DEMA: 18617
10DEMA: 18713
20DEMA: 18658
50DEMA: 18410
RSI (14 days): 42.32
Parabolic SAR: 19052
Supports: 18078 - 17943 - 17699
Resistance: 18457 - 18701 - 18836

Bank Nifty Future VWAP: 18348.25
Bank Nifty Future VIX Range: 18041 - 18496
MP Values Bank Nifty Future: VAH - 18500, POC - 18386, VAL - 18272

Thanks and Regards

MarketPulse S&P