Market outlook for 09/09/2016

Nifty closed up 34.55 points (0.39%) at 8952.50 while Future closed at 8982.55, premium of 30.05 points.
Bank Nifty closed up 10.35 points (0.05%) at 20417.25 while Future closed at 20514.10, premium of 96.85 points.

• FII bought in Cash (Net buy 111.41 Crore)
• FII sold in index future, stock future and in index option (Net sell 1058.15 Crore)
• DII sold in Cash (Net sell 587.43 Crore)
• Most Active Nifty Call Option: 9000 and 9100.
• Most Active Nifty Put Options: 8900 and 8800.
• Advance Decline for the day was 1004:616.
• McClellan's oscillator for NSE at +23.

NIFTY TECHNICAL

Current Spot: 8952.50
Pivot: 8936
5DEMA: 8884
10DEMA: 8813
20DEMA: 8737
50DEMA: 8603
Parabolic SAR: 8658
RSI (14 days): 71.16
Supports: 8912 - 8872 - 8848
Resistance: 8977 - 9001 - 9041

Nifty Future VWAP: 8963.72
Nifty Future VIX Range: 8914 - 9038
MP Values Nifty Future: VAH - 8983, POC - 8967, VAL - 8951

BANKNIFTY TECHNICAL

Current Spot: 20417.25
Pivot: 20410
5DEMA: 20200
10DEMA: 19924
20DEMA: 19588
50DEMA: 19053
Parabolic SAR: 19890
RSI (14 days): 79.45
Supports: 20343 - 20268 - 20200
Resistance: 20485 - 20552 - 20627

Bank Nifty Future VWAP: 20507.38
Bank Nifty Future VIX Range: 20298 - 20714
MP Values Bank Nifty Future: VAH - 20536, POC - 20508, VAL - 20480

Thanks and Regards

MarketPulse S&P