Market outlook for 24/08/2015

Nifty closed down 72.80 points (0.87%) at 8299.95 while Future closed at 8306.35, premium of 6.40 points.
Bank Nifty closed down 225.90 points (1.24%) at 18057.20 while Future closed at 18071.60, premium of 14.40 points.

• FII sold HUGE in Cash (Net sell 2340.60 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 904.35 Crore)
• DII bought in Cash (Net buy 1524.10 Crore)
• Most Active Nifty Call Option: 8300 and 8400.
• Most Active Nifty Put Options: 8300 and 8200.
• Advance Decline for the day was 472:1046.
• McClellan's oscillator for NSE at -55.

NIFTY TECHNICAL

Current Spot: 8299.95
Pivot: 8282
5DEMA: 8394
10DEMA: 8428
20DEMA: 8450
50DEMA: 8433
RSI (14 days): 40.01
Parabolic SAR: 8582
Supports: 8243 - 8185 - 8145
Resistance: 8340 - 8380 - 8437

Nifty Future VWAP: 8263.56
Nifty Future VIX Range: 8212 - 8364
MP Values Nifty Future: VAH - 8288, POC - 8259, VAL - 8230

BANKNIFTY TECHNICAL

Current Spot: 18057.20
Pivot: 18006
5DEMA: 18387
10DEMA: 18501
20DEMA: 18576
50DEMA: 18547
RSI (14 days): 39.50
Parabolic SAR: 18959
Supports: 17893 - 17729 - 17617
Resistance: 18170 - 18283 - 18447

Bank Nifty Future VWAP: 17971.94
Bank Nifty Future VIX Range: 17798 - 18292
MP Values Bank Nifty Future: VAH - 18018, POC - 17959, VAL - 17900

Thanks and Regards

MarketPulse S&P