Market outlook for 11/08/2016

Nifty closed down 102.95 points (1.19%) at 8575.30 while Future closed at 8598.05, premium of 22.75 points.
Bank Nifty closed down 285.50 points (1.51%) at 18647.80 while Future closed at 18716.90, premium of 69.10 points.

• FII bought in Cash (Net buy 412.56 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 865.44 Crore)
• DII sold in Cash (Net sell 747.27 Crore)
• Most Active Nifty Call Option: 8700 and 8800.
• Most Active Nifty Put Options: 8600 and 8500.
• Advance Decline for the day was 399:1220.
• McClellan's oscillator for NSE at -37.

NIFTY TECHNICAL

Current Spot: 8575.30
Pivot: 8610
5DEMA: 8630
10DEMA: 8621
20DEMA: 8572
50DEMA: 8406
Parabolic SAR: 8531
RSI (14 days): 53.55
Supports: 8530 - 8485 - 8404
Resistance: 8655 - 8736 - 8781

Nifty Future VWAP: 8630.44
Nifty Future VIX Range: 8534 - 8654
MP Values Nifty Future: VAH - 8667, POC - 8630, VAL - 8593

BANKNIFTY TECHNICAL

Current Spot: 18647.80
Pivot: 18748
5DEMA: 18791
10DEMA: 18796
20DEMA: 18711
50DEMA: 18281
Parabolic SAR: 19012
RSI (14 days): 51.05
Supports: 18511 - 18374 - 18137
Resistance: 18885 - 19122 - 19259

Bank Nifty Future VWAP: 18786.74
Bank Nifty Future VIX Range: 18513 - 18879
MP Values Bank Nifty Future: VAH - 18881, POC - 18754, VAL - 18683

Thanks and Regards

MarketPulse S&P