Market outlook for 23/09/2016

Nifty closed up 90.30 points (1.03%) at 8867.45 while Future closed at 8884.45, premium of 17.00 points.
Bank Nifty closed up 281.15 points (1.42%) at 20109.60 while Future closed at 20162.10, premium of 52.50 points.

• FII bought in Cash (Net buy 336.87 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 94.91 Crore)
• DII bought in Cash (Net sell 310.35 Crore)
• Most Active Nifty Call Option: 8900 and 9000.
• Most Active Nifty Put Options: 8800 and 8700.
• Advance Decline for the day was 1079:536.
• McClellan's oscillator for NSE at +16.

NIFTY TECHNICAL

Current Spot: 8867.45
Pivot: 8866
5DEMA: 8810
10DEMA: 8798
20DEMA: 8768
50DEMA: 8655
Parabolic SAR: 8937
RSI (14 days): 60.45
Supports: 8839 - 8811 - 8784
Resistance: 8895 - 8922 - 8950

Nifty Future VWAP: 8886.62
Nifty Future VIX Range: 8815 - 8942
MP Values Nifty Future: VAH - 8907, POC - 8892, VAL - 8877

BANKNIFTY TECHNICAL

Current Spot: 20109.60
Pivot: 20124
5DEMA: 19952
10DEMA: 19927
20DEMA: 19787
50DEMA: 19296
Parabolic SAR: 20314
RSI (14 days): 63.24
Supports: 19983 - 19856 - 19715
Resistance: 20251 - 20392 - 20519

Bank Nifty Future VWAP: 20175.94
Bank Nifty Future VIX Range: 19947 - 20343
MP Values Bank Nifty Future: VAH - 20249, POC - 20163, VAL - 20077

Thanks and Regards

MarketPulse S&P