Market outlook for 18/08/2016

Nifty closed down 18.50 points (0.21%) at 8624.05 while Future closed at 8631.40, premium of 7.35 points.
Bank Nifty closed up 39.10 points (0.21%) at 19041.25 while Future closed at 19062.90, premium of 21.65 points.

• FII bought in Cash (Net buy 0.05 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 208.37 Crore)
• DII sold in Cash (Net sell 89.37 Crore)
• Most Active Nifty Call Option: 8700 and 8800.
• Most Active Nifty Put Options: 8600 and 8500.
• Advance Decline for the day was 883:703.
• McClellan's oscillator for NSE at -29.

NIFTY TECHNICAL

Current Spot: 8624.05
Pivot: 8632
5DEMA: 8633
10DEMA: 8628
20DEMA: 8592
50DEMA: 8440
Parabolic SAR: 8555
RSI (14 days): 55.88
Supports: 8596 - 8568 - 8533
Resistance: 8660 - 8695 - 8723

Nifty Future VWAP: 8671.56
Nifty Future VIX Range: 8596 - 8719
MP Values Nifty Future: VAH - 8665, POC - 8646, VAL - 8627

BANKNIFTY TECHNICAL

Current Spot: 19041.25
Pivot: 19049
5DEMA: 18932
10DEMA: 18876
20DEMA: 18782
50DEMA: 18374
Parabolic SAR: 18458
RSI (14 days): 60.90
Supports: 18959 - 18877 - 18787
Resistance: 19131 - 19221 - 19303

Bank Nifty Future VWAP: 18990.80
Bank Nifty Future VIX Range: 18837 - 19209
MP Values Bank Nifty Future: VAH - 19100, POC - 19060, VAL - 19020

Thanks and Regards

MarketPulse S&P