Market outlook for 28/08/2015

Nifty closed up 157.10 points (2.02%) at 7948.95 while Future closed at 7991.00, premium of 42.05 points.
Bank Nifty closed up 296.75 points (1.75%) at 17214.40 while Future closed at 17338.35, premium of 123.95 points.

• FII sold HUGE in Cash (Net sell 3347.35 Crore)
• FII bought in index future, index option and in stock future (Net buy 1692.60 Crore)
• DII bought huge in Cash (Net buy 2577.06 Crore)
• Most Active Nifty Call Option: 8000 and 8200.
• Most Active Nifty Put Options: 7900 and 7800.
• Advance Decline for the day was 1266:254.
• McClellan's oscillator for NSE at -21.

NIFTY TECHNICAL

Current Spot: 7948.95
Pivot: 7925
5DEMA: 7978
10DEMA: 8118
20DEMA: 8256
50DEMA: 8342
RSI (14 days): 35.50
Parabolic SAR: 8369
Supports: 7886 - 7824 - 7785
Resistance: 7988 - 8026 - 8089

Nifty Future VWAP: 7954.19
Nifty Future VIX Range: 7855 - 8129
MP Values Nifty Future: VAH - 7998, POC - 7982, VAL - 7928

BANKNIFTY TECHNICAL

Current Spot: 17214.40
Pivot: 17175
5DEMA: 17337
10DEMA: 17704
20DEMA: 18071
50DEMA: 18327
RSI (14 days): 36.46
Parabolic SAR: 18421
Supports: 17101 - 16988 - 16913
Resistance: 17289 - 17363 - 17476

Bank Nifty Future VWAP: 17265.45
Bank Nifty Future VIX Range: 16979 - 17751
MP Values Bank Nifty Future: VAH - 17305, POC - 17221, VAL - 17161

Thanks and Regards

MarketPulse S&P