Market outlook for 28/09/2016

Nifty closed down 16.65 points (0.19%) at 8706.40 while Future closed at 8716.55, premium of 10.15 points.
Bank Nifty closed down 73.05 points (0.37%) at 19518.70 while Future closed at 19558.90, premium of 40.20 points.

• FII sold in Cash (Net sell 155.76 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 839.42 Crore)
• DII bought in Cash (Net buy 90.67 Crore)
• Most Active Nifty Call Option: 8700 and 8800.
• Most Active Nifty Put Options: 8800 and 8700.
• Advance Decline for the day was 687:928.
• McClellan's oscillator for NSE at -17.

NIFTY TECHNICAL

Current Spot: 8706.40
Pivot: 8722
5DEMA: 8759
10DEMA: 8774
20DEMA: 8763
50DEMA: 8658
Parabolic SAR: 8922
RSI (14 days): 47.51
Supports: 8675 - 8644 - 8597
Resistance: 8753 - 8800 - 8831

Nifty Future VWAP: 8742.59
Nifty Future VIX Range: 8666 - 8793
MP Values Nifty Future: VAH - 8776, POC - 8758, VAL - 8723

BANKNIFTY TECHNICAL

Current Spot: 19518.70
Pivot: 19565
5DEMA: 19720
10DEMA: 19800
20DEMA: 19753
50DEMA: 19329
Parabolic SAR: 20176
RSI (14 days): 46.46
Supports: 19433 - 19347 - 19216
Resistance: 19650 - 19782 - 19868

Bank Nifty Future VWAP: 19633.79
Bank Nifty Future VIX Range: 19392 - 19784
MP Values Bank Nifty Future: VAH - 19701, POC - 19632, VAL - 19563

Thanks and Regards

MarketPulse S&P