Market outlook for 07/09/2016

Nifty closed up 133.35 points (1.51%) at 8943.00 while Future closed at 8961.20, premium of 18.20 points.
Bank Nifty closed up 543.00 points (2.73%) at 20426.20 while Future closed at 20496.55, premium of 70.35 points.

• FII bought HUGE in Cash (Net buy 1438.72 Crore)
• FII bought in index future, index option and in stock future (Net buy 2294.46 Crore)
• DII sold in Cash (Net sell 268.21 Crore)
• Most Active Nifty Call Option: 8900 and 9000.
• Most Active Nifty Put Options: 8800 and 8700.
• Advance Decline for the day was 1033:595.
• McClellan's oscillator for NSE at +12.

NIFTY TECHNICAL

Current Spot: 8943.00
Pivot: 8914
5DEMA: 8816
10DEMA: 8752
20DEMA: 8692
50DEMA: 8569
Parabolic SAR: 8593
RSI (14 days): 72.53
Supports: 8877 - 8812 - 8775
Resistance: 8980 - 9017 - 9082

Nifty Future VWAP: 8928.04
Nifty Future VIX Range: 8901 - 9031
MP Values Nifty Future: VAH - 8948, POC - 8918, VAL - 8893

BANKNIFTY TECHNICAL

Current Spot: 20426.20
Pivot: 20292
5DEMA: 19934
10DEMA: 19683
20DEMA: 19405
50DEMA: 18917
Parabolic SAR: 19530
RSI (14 days): 80.37
Supports: 20125 - 19824 - 19656
Resistance: 20593 - 20761 - 21062

Bank Nifty Future VWAP: 20331.13
Bank Nifty Future VIX Range: 20289 - 20732
MP Values Bank Nifty Future: VAH - 20467, POC - 20330, VAL - 20193

Thanks and Regards

MarketPulse S&P