Market outlook for 31/08/2016

Nifty closed up 136.90 points (1.59%) at 8744.35 while Future closed at 8794.60, premium of 50.25 points.
Bank Nifty closed up 314.55 points (1.64%) at 19531.55 while Future closed at 19636.80, premium of 107.25 points.

• FII bought in Cash (Net buy 390.63 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 2882.64 Crore)
• DII bought in Cash (Net buy 485.14 Crore)
• Most Active Nifty Call Option: 8800 and 9000.
• Most Active Nifty Put Options: 8600 and 8500.
• Advance Decline for the day was 1009:578.
• McClellan's oscillator for NSE at +02.

NIFTY TECHNICAL

Current Spot: 8744.35
Pivot: 8712
5DEMA: 8654
10DEMA: 8641
20DEMA: 8622
50DEMA: 8522
Parabolic SAR: 8544
RSI (14 days): 62.43
Supports: 8674 - 8604 - 8566
Resistance: 8783 - 8821 - 8891

Nifty Future VWAP: 8745.00
Nifty Future VIX Range: 8742 - 8866
MP Values Nifty Future: VAH - 8804, POC - 8785, VAL - 8725

BANKNIFTY TECHNICAL

Current Spot: 19531.55
Pivot: 19461
5DEMA: 19343
10DEMA: 19264
20DEMA: 19113
50DEMA: 18720
Parabolic SAR: 19038
RSI (14 days): 67.08
Supports: 19377 - 19222 - 19137
Resistance: 19616 - 19701 - 19856

Bank Nifty Future VWAP: 19540.42
Bank Nifty Future VIX Range: 19460 - 19812
MP Values Bank Nifty Future: VAH - 19639, POC - 19542, VAL - 19445

Thanks and Regards

MarketPulse S&P