Market outlook for 03/08/2016

Nifty closed down 13.65 points (0.16%) at 8622.90 while Future closed at 8660.30, premium of 37.40 points.
Bank Nifty closed down 32.35 points (0.17%) at 18708.25 while Future closed at 18822.50, premium of 114.25 points.

• FII bought in Cash (Net buy 536.27 Crore)
• FII sold in stock future but bought index future, index option (Net sell 388.79 Crore)
• DII sold in Cash (Net sell 383.23 Crore)
• Most Active Nifty Call Option: 8700 and 8800.
• Most Active Nifty Put Options: 8600 and 8500.
• Advance Decline for the day was 484:1137.
• McClellan's oscillator for NSE at -35.

NIFTY TECHNICAL

Current Spot: 8622.90
Pivot: 8641
5DEMA: 8626
10DEMA: 8599
20DEMA: 8526
50DEMA: 8338
Parabolic SAR: 8591
RSI (14 days): 64.36
Supports: 8594 - 8565 - 8518
Resistance: 8670 - 8716 - 8745

Nifty Future VWAP: 8681.33
Nifty Future VIX Range: 8606 - 8722
MP Values Nifty Future: VAH - 8718, POC - 8692, VAL - 8666

BANKNIFTY TECHNICAL

Current Spot: 18708.25
Pivot: 18749
5DEMA: 18827
10DEMA: 18822
20DEMA: 18654
50DEMA: 18123
Parabolic SAR: 18585
RSI (14 days): 55.60
Supports: 18631 - 18554 - 18437
Resistance: 18826 - 18944 - 19021

Bank Nifty Future VWAP: 18854.81
Bank Nifty Future VIX Range: 18666 - 19024
MP Values Bank Nifty Future: VAH - 18904, POC - 18850, VAL - 18796

Thanks and Regards

MarketPulse S&P