Market outlook for 08/09/2016

Nifty closed down 25.05 points (0.28%) at 8917.95 while Future closed at 8952.10, premium of 34.15 points.
Bank Nifty closed down 19.30 points (0.09%) at 20406.90 while Future closed at 20507.90, premium of 101.00 points.

• FII bought in Cash (Net buy 854.06 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 337.66 Crore)
• DII sold in Cash (Net sell 768.55 Crore)
• Most Active Nifty Call Option: 9000 and 9100.
• Most Active Nifty Put Options: 8900 and 8800.
• Advance Decline for the day was 806:816.
• McClellan's oscillator for NSE at +12.

NIFTY TECHNICAL

Current Spot: 8917.95
Pivot: 8933
5DEMA: 8850
10DEMA: 8782
20DEMA: 8714
50DEMA: 8588
Parabolic SAR: 8623
RSI (14 days): 69.60
Supports: 8898 - 8878 - 8843
Resistance: 8953 - 8989 - 9009

Nifty Future VWAP: 8964.33
Nifty Future VIX Range: 8894 - 9021
MP Values Nifty Future: VAH - 8979, POC - 8967, VAL - 8955

BANKNIFTY TECHNICAL

Current Spot: 20406.90
Pivot: 20453
5DEMA: 20092
10DEMA: 19815
20DEMA: 19501
50DEMA: 18997
Parabolic SAR: 19719
RSI (14 days): 79.42
Supports: 20331 - 20254 - 20131
Resistance: 20530 - 20652 - 20729

Bank Nifty Future VWAP: 20554.29
Bank Nifty Future VIX Range: 20320 - 20750
MP Values Bank Nifty Future: VAH - 20598, POC - 20541, VAL - 20484

Thanks and Regards

MarketPulse S&P