Market outlook for 07/08/2015

Nifty closed up 20.70 points (0.24%) at 8588.65 while Future closed at 8615.00, premium of 26.35 points.
Bank Nifty closed up 100.80 points (0.53%) at 19029.35 while Future closed at 19098.95, premium of 69.60 points.

• FII bought in Cash (Net buy 108.93 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 945.08 Crore)
• DII sold in Cash (Net sell 111.78 Crore)
• Most Active Nifty Call Option: 8600 and 8700.
• Most Active Nifty Put Options: 8500 and 8400.
• Advance Decline for the day was 664:856.
• McClellan's oscillator for NSE at +26.

NIFTY TECHNICAL

Current Spot: 8588.65
Pivot: 8582
5DEMA: 8543
10DEMA: 8518
20DEMA: 8489
50DEMA: 8401
RSI (14 days): 59.09
Parabolic SAR: 8327
Supports: 8558 - 8527 - 8503
Resistance: 8613 - 8637 - 8668

Nifty Future VWAP: 8602.08
Nifty Future VIX Range: 8541 - 8687
MP Values Nifty Future: VAH - 8640, POC - 8617, VAL - 8590

BANKNIFTY TECHNICAL

Current Spot: 19029.35
Pivot: 18987
5DEMA: 18890
10DEMA: 18797
20DEMA: 18716
50DEMA: 18492
RSI (14 days): 59.43
Parabolic SAR: 18345
Supports: 18873 - 18717 - 18603
Resistance: 19143 - 19257 - 19413

Bank Nifty Future VWAP: 19043.04
Bank Nifty Future VIX Range: 18890 - 19314
MP Values Bank Nifty Future: VAH - 19173, POC - 19085, VAL - 18997

Thanks and Regards

MarketPulse S&P