Market outlook for 04/10/2016

Nifty closed up 126.95 points (1.47%) at 8738.10 while Future closed at 8779.10, premium of 41.00 points.
Bank Nifty closed up 303.35 points (1.57%) at 19589.05 while Future closed at 19685.35, premium of 96.30 points.

• FII bought in Cash (Net buy 34.22 Crore)
• FII bought in stock future but sold in index future, index option (Net buy 296.36 Crore)
• DII bought in Cash (Net buy 198.02 Crore)
• Most Active Nifty Call Option: 8800 and 9000.
• Most Active Nifty Put Options: 8600 and 8500.
• Advance Decline for the day was 1447:203.
• McClellan's oscillator for NSE at +40.

NIFTY TECHNICAL

Current Spot: 8738.10
Pivot: 8706
5DEMA: 8693
10DEMA: 8718
20DEMA: 8733
50DEMA: 8681
Parabolic SAR: 8876
RSI (14 days): 50.90
Supports: 8667 - 8596 - 8557
Resistance: 8777 - 8816 - 8887

Nifty Future VWAP: 8736.48
Nifty Future VIX Range: 8708 - 8863
MP Values Nifty Future: VAH - 8786, POC - 8757, VAL - 8711

BANKNIFTY TECHNICAL

Current Spot: 19589.05
Pivot: 19521
5DEMA: 19494
10DEMA: 19595
20DEMA: 19647
50DEMA: 19389
Parabolic SAR: 19789
RSI (14 days): 49.79
Supports: 19432 - 19274 - 19184
Resistance: 19679 - 19769 - 19926

Bank Nifty Future VWAP: 19616.34
Bank Nifty Future VIX Range: 19479 - 19933
MP Values Bank Nifty Future: VAH - 19707, POC - 19634, VAL - 19556

Thanks and Regards

MarketPulse S&P