Market outlook for 21/10/2016

Nifty closed up 40.30 points (0.47%) at 8699.40 while Future closed at 8705.15, premium of 5.75 points.
Bank Nifty closed up 246.60 points (1.27%) at 19658.70 while Future closed at 19669.20, premium of 10.50 points.

• FII bought in Cash (Net buy 7.30 Crore)
• FII bought in stock future, index option but sold in index future (Net buy 1678.96 Crore)
• DII bought in Cash (Net buy 583.22 Crore)
• Most Active Nifty Call Option: 8700 and 8800.
• Most Active Nifty Put Options: 8700 and 8600.
• Advance Decline for the day was 961:682.
• McClellan's oscillator for NSE at +36.

NIFTY TECHNICAL

Current Spot: 8699.40
Pivot: 8702
5DEMA: 8657
10DEMA: 8661
20DEMA: 8683
50DEMA: 8688
Parabolic SAR: 8506
RSI (14 days): 50.65
Supports: 8676 - 8653 - 8627
Resistance: 8725 - 8750 - 8774

Nifty Future VWAP: 8705.18
Nifty Future VIX Range: 8631 - 8787
MP Values Nifty Future: VAH - 8711, POC - 8697, VAL - 8683

BANKNIFTY TECHNICAL

Current Spot: 19658.70
Pivot: 19620
5DEMA: 19429
10DEMA: 19398
20DEMA: 19457
50DEMA: 19438
Parabolic SAR: 19723
RSI (14 days): 54.15
Supports: 19518 - 19377 - 19274
Resistance: 19761 - 19864 - 20005

Bank Nifty Future VWAP: 19649.42
Bank Nifty Future VIX Range: 19450 - 19902
MP Values Bank Nifty Future: VAH - 19701, POC - 19653, VAL - 19605

Thanks and Regards

MarketPulse S&P