Market outlook for 20/09/2016

Nifty closed up 28.55 points (0.33%) at 8808.40 while Future closed at 8832.10, premium of 23.70 points.
Bank Nifty closed up 51.40 points (0.26%) at 19906.85 while Future closed at 19986.60, premium of 79.75 points.

• FII bought in Cash (Net buy 205.38 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 725.93 Crore)
• DII sold in Cash (Net sell 252.28 Crore)
• Most Active Nifty Call Option: 8800 and 8900.
• Most Active Nifty Put Options: 8800 and 8700.
• Advance Decline for the day was 856:755.
• McClellan's oscillator for NSE at +04.

NIFTY TECHNICAL

Current Spot: 8808.40
Pivot: 8802
5DEMA: 8787
10DEMA: 8786
20DEMA: 8753
50DEMA: 8639
Parabolic SAR: 8952
RSI (14 days): 56.71
Supports: 8780 - 8752 - 8730
Resistance: 8830 - 8852 - 8881

Nifty Future VWAP: 8828.68
Nifty Future VIX Range: 8766 - 8894
MP Values Nifty Future: VAH - 8841, POC - 8828, VAL - 8815

BANKNIFTY TECHNICAL

Current Spot: 19906.85
Pivot: 19924
5DEMA: 19918
10DEMA: 19909
20DEMA: 19734
50DEMA: 19223
Parabolic SAR: 20433
RSI (14 days): 59.06
Supports: 19833 - 19759 - 19668
Resistance: 19998 - 20088 - 20162

Bank Nifty Future VWAP: 19996.57
Bank Nifty Future VIX Range: 19792 - 20194
MP Values Bank Nifty Future: VAH - 20027, POC - 19995, VAL - 19963

Thanks and Regards

MarketPulse S&P