Market outlook for 27/09/2016

Nifty closed down 108.50 points (1.23%) at 8723.05 while Future closed at 8735.15, premium of 12.10 points.
Bank Nifty closed down 310.05 points (1.56%) at 19591.75 while Future closed at 19644.90, premium of 53.15 points.

• FII sold in Cash (Net sell 206.40 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 1772.76 Crore)
• DII sold in Cash (Net sell 113.35 Crore)
• Most Active Nifty Call Option: 8800 and 8900.
• Most Active Nifty Put Options: 8800 and 8700.
• Advance Decline for the day was 524:1100.
• McClellan's oscillator for NSE at -13.

NIFTY TECHNICAL

Current Spot: 8723.05
Pivot: 8749
5DEMA: 8786
10DEMA: 8789
20DEMA: 8769
50DEMA: 8656
Parabolic SAR: 8927
RSI (14 days): 48.72
Supports: 8689 - 8655 - 8594
Resistance: 8783 - 8844 - 8878

Nifty Future VWAP: 8865.12
Nifty Future VIX Range: 8668 - 8798
MP Values Nifty Future: VAH - 8782, POC - 8752, VAL - 8727

BANKNIFTY TECHNICAL

Current Spot: 19591.75
Pivot: 19651
5DEMA: 19821
10DEMA: 19862
20DEMA: 19778
50DEMA: 19321
Parabolic SAR: 20236
RSI (14 days): 48.22
Supports: 19509 - 19426 - 19283
Resistance: 19734 - 19877 - 19960

Bank Nifty Future VWAP: 19723.45
Bank Nifty Future VIX Range: 19443 - 19847
MP Values Bank Nifty Future: VAH - 19839, POC - 19783, VAL - 19678

Thanks and Regards

MarketPulse S&P