Market outlook for 24/08/2016

Nifty closed up 3.45 points (0.04%) at 8632.60 while Future closed at 8641.75, premium of 9.15 points.
Bank Nifty closed up 11.40 points (0.06%) at 19341.65 while Future closed at 19372.35, premium of 30.70 points.

• FII sold in Cash (Net sell 0.19 Crore)
• FII sold in index future, stock future and in index option (Net sell 1771.03 Crore)
• DII sold in Cash (Net sell 451.87 Crore)
• Most Active Nifty Call Option: 8600 and 8700.
• Most Active Nifty Put Options: 8600 and 8500.
• Advance Decline for the day was 735:866.
• McClellan's oscillator for NSE at -05.

NIFTY TECHNICAL

Current Spot: 8632.60
Pivot: 8618
5DEMA: 8641
10DEMA: 8638
20DEMA: 8611
50DEMA: 8460
Parabolic SAR: 8580
RSI (14 days): 55.75
Supports: 8594 - 8556 - 8532
Resistance: 8657 - 8680 - 8719

Nifty Future VWAP: 8642.63
Nifty Future VIX Range: 8600 - 8710
MP Values Nifty Future: VAH - 8635, POC - 8623, VAL - 8611

BANKNIFTY TECHNICAL

Current Spot: 19341.65
Pivot: 19320
5DEMA: 19270
10DEMA: 19141
20DEMA: 18972
50DEMA: 18495
Parabolic SAR: 18714
RSI (14 days): 65.73
Supports: 19268 - 19195 - 19142
Resistance: 19394 - 19446 - 19520

Bank Nifty Future VWAP: 19344.30
Bank Nifty Future VIX Range: 19215 - 19573
MP Values Bank Nifty Future: VAH - 19355, POC - 19321, VAL - 19287

Thanks and Regards

MarketPulse S&P