Market outlook for 27/08/2015

Nifty closed down 88.85 points (1.13%) at 7791.85 while Future closed at 7800.70, premium of 8.85 points.
Bank Nifty closed down 275.10 points (1.60%) at 16917.65 while Future closed at 16938.75, premium of 21.10 points.

• FII sold HUGE in Cash (Net sell 2345.77 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 714.98 Crore)
• DII bought huge in Cash (Net buy 1881.08 Crore)
• Most Active Nifty Call Option: 7900 and 8000.
• Most Active Nifty Put Options: 7800 and 7700.
• Advance Decline for the day was 751:743.
• McClellan's oscillator for NSE at -65.

NIFTY TECHNICAL

Current Spot: 7791.85
Pivot: 7833
5DEMA: 7992
10DEMA: 8156
20DEMA: 8289
50DEMA: 8359
RSI (14 days): 26.70
Parabolic SAR: 8430
Supports: 7736 - 7680 - 7583
Resistance: 7889 - 7986 - 8042

Nifty Future VWAP: 7858.26
Nifty Future VIX Range: 7655 - 7920
MP Values Nifty Future: VAH - 7901, POC - 7862, VAL - 7823

BANKNIFTY TECHNICAL

Current Spot: 16917.65
Pivot: 16988
5DEMA: 17398
10DEMA: 17813
20DEMA: 18161
50DEMA: 18357
RSI (14 days): 31.33
Parabolic SAR: 18573
Supports: 16805 - 16692 - 16508
Resistance: 17101 - 17285 - 17398

Bank Nifty Future VWAP: 17024.80
Bank Nifty Future VIX Range: 16520 - 17282
MP Values Bank Nifty Future: VAH - 17126, POC - 17046, VAL - 16966

Thanks and Regards

MarketPulse S&P