Market outlook for 28/07/2016

Nifty closed up 25.15 points (0.29%) at 8615.80 while Future closed at 8614.75, discount of 1.05 points.
Bank Nifty closed up 161.10 points (0.85%) at 19021.95 while Future closed at 19025.30, premium of 3.35 points.

• FII bought in Cash (Net buy 404.69 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 908.00 Crore)
• DII sold in Cash (Net sell 152.47 Crore)
• Most Active Nifty Call Option: 8600 and 8700.
• Most Active Nifty Put Options: 8600 and 8500.
• Advance Decline for the day was 796:807.
• McClellan's oscillator for NSE at -05.

NIFTY TECHNICAL

Current Spot: 8615.80
Pivot: 8618
5DEMA: 8588
10DEMA: 8550
20DEMA: 8470
50DEMA: 8300
Parabolic SAR: 8541
RSI (14 days): 66.29
Supports: 8570 - 8525 - 8477
Resistance: 8663 - 8711 - 8756

Nifty Future VWAP: 8614.10
Nifty Future VIX Range: 8547 - 8673
MP Values Nifty Future: VAH - 8625, POC - 8599, VAL - 8573

BANKNIFTY TECHNICAL

Current Spot: 19021.95
Pivot: 19010
5DEMA: 18905
10DEMA: 18802
20DEMA: 18556
50DEMA: 18022
Parabolic SAR: 19125
RSI (14 days): 66.66
Supports: 18895 - 18767 - 18652
Resistance: 19137 - 19252 - 19380

Bank Nifty Future VWAP: 19004.56
Bank Nifty Future VIX Range: 18824 - 19212
MP Values Bank Nifty Future: VAH - 19088, POC - 19020, VAL - 18952

Thanks and Regards

MarketPulse S&P