Market outlook for 12/09/2016

Nifty closed down 85.80 points (0.96%) at 8866.70 while Future closed at 8903.75, premium of 37.05 points.
Bank Nifty closed down 171.95 points (0.84%) at 20245.30 while Future closed at 20350.40, premium of 105.10 points.

• FII sold in Cash (Net sell 315.24 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 1056.02 Crore)
• DII sold in Cash (Net sell 328.26 Crore)
• Most Active Nifty Call Option: 8900 and 9000.
• Most Active Nifty Put Options: 8900 and 8800.
• Advance Decline for the day was 560:1056.
• McClellan's oscillator for NSE at +06.

NIFTY TECHNICAL

Current Spot: 8866.70
Pivot: 8888
5DEMA: 8878
10DEMA: 8823
20DEMA: 8749
50DEMA: 8600
Parabolic SAR: 8689
RSI (14 days): 62.54
Supports: 8837 - 8808 - 8757
Resistance: 8918 - 8969 - 8998

Nifty Future VWAP: 8919.31
Nifty Future VIX Range: 8839 - 8967
MP Values Nifty Future: VAH - 8936, POC - 8919, VAL - 8902

BANKNIFTY TECHNICAL

Current Spot: 20245.30
Pivot: 20245
5DEMA: 20215
10DEMA: 19983
20DEMA: 19650
50DEMA: 19071
Parabolic SAR: 20027
RSI (14 days): 72.30
Supports: 20140 - 20034 - 19929
Resistance: 20350 - 20455 - 20561

Bank Nifty Future VWAP: 20341.74
Bank Nifty Future VIX Range: 20145 - 20553
MP Values Bank Nifty Future: VAH - 20404, POC - 20347, VAL - 20290

Thanks and Regards

MarketPulse S&P