Market outlook for 06/10/2016

Nifty closed down 25.20 points (0.29%) at 8743.95 while Future closed at 8768.20, premium of 31.40 points.
Bank Nifty closed down 135.85 points (0.69%) at 19536.85 while Future closed at 19621.50, premium of 84.65 points.

• FII bought in Cash (Net buy 243.00 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 470.27 Crore)
• DII sold in Cash (Net sell 349.86 Crore)
• Most Active Nifty Call Option: 8800 and 8900.
• Most Active Nifty Put Options: 8700 and 8600.
• Advance Decline for the day was 963:668.
• McClellan's oscillator for NSE at +48.

NIFTY TECHNICAL

Current Spot: 8743.95
Pivot: 8761
5DEMA: 8727
10DEMA: 8731
20DEMA: 8737
50DEMA: 8684
Parabolic SAR: 8838
RSI (14 days): 51.18
Supports: 8715 - 8685 - 8639
Resistance: 8790 - 8836 - 8866

Nifty Future VWAP: 8782.19
Nifty Future VIX Range: 8695 - 8841
MP Values Nifty Future: VAH - 8799, POC - 8783, VAL - 8767

BANKNIFTY TECHNICAL

Current Spot: 19536.85
Pivot: 19615
5DEMA: 19548
10DEMA: 19596
20DEMA: 19639
50DEMA: 19396
Parabolic SAR: 19059
RSI (14 days): 48.64
Supports: 19414 - 19292 - 19091
Resistance: 19738 - 19939 - 20062

Bank Nifty Future VWAP: 19686.18
Bank Nifty Future VIX Range: 19383 - 19817
MP Values Bank Nifty Future: VAH - 19753, POC - 19682, VAL - 19611

Thanks and Regards

MarketPulse S&P