Market outlook for 12/08/2016

Nifty closed up 16.85 points (0.20%) at 8592.15 while Future closed at 8612.45, premium of 20.30 points.
Bank Nifty closed down 7.40 points (0.04%) at 18640.40 while Future closed at 18720.25, premium of 79.85 points.

• FII bought in Cash (Net buy 608.35 Crore)
• FII sold in stock future but bought in index option, index future (Net sell 463.87 Crore)
• DII sold in Cash (Net sell 621.65 Crore)
• Most Active Nifty Call Option: 8600 and 8700.
• Most Active Nifty Put Options: 8600 and 8500.
• Advance Decline for the day was 624:967.
• McClellan's oscillator for NSE at -42.

NIFTY TECHNICAL

Current Spot: 8592.15
Pivot: 8578
5DEMA: 8618
10DEMA: 8616
20DEMA: 8574
50DEMA: 8411
Parabolic SAR: 8539
RSI (14 days): 54.86
Supports: 8554 - 8517 - 8493
Resistance: 8616 - 8639 - 8677

Nifty Future VWAP: 8598.47
Nifty Future VIX Range: 8560 - 8684
MP Values Nifty Future: VAH - 8619, POC - 8601, VAL - 8583

BANKNIFTY TECHNICAL

Current Spot: 18640.40
Pivot: 18626
5DEMA: 18741
10DEMA: 18768
20DEMA: 18704
50DEMA: 18293
Parabolic SAR: 18989
RSI (14 days): 50.88
Supports: 18552 - 18463 - 18390
Resistance: 18714 - 18788 - 18876

Bank Nifty Future VWAP: 18683.67
Bank Nifty Future VIX Range: 18575 - 18930
MP Values Bank Nifty Future: VAH - 18731, POC - 18684, VAL - 18637

Thanks and Regards

MarketPulse S&P