Market outlook for 07/10/2016

Nifty closed down 34.40 points (0.39%) at 8709.55 while Future closed at 8731.35, premium of 21.80 points.
Bank Nifty closed down 141.80 points (0.73%) at 19395.05 while Future closed at 19483.30, premium of 88.25 points.

• FII bought in Cash (Net buy 353.80 Crore)
• FII bought in index future, index option and in stock future (Net buy 485.61 Crore)
• DII sold in Cash (Net sell 124.45 Crore)
• Most Active Nifty Call Option: 8800 and 8900.
• Most Active Nifty Put Options: 8700 and 8600.
• Advance Decline for the day was 625:1013.
• McClellan's oscillator for NSE at +31.

NIFTY TECHNICAL

Current Spot: 8709.55
Pivot: 8725
5DEMA: 8721
10DEMA: 8727
20DEMA: 8735
50DEMA: 8685
Parabolic SAR: 8821
RSI (14 days): 48.81
Supports: 8669 - 8629 - 8573
Resistance: 8766 - 8822 - 8862

Nifty Future VWAP: 8762.05
Nifty Future VIX Range: 8666 - 8809
MP Values Nifty Future: VAH - 8786, POC - 8741, VAL - 8712

BANKNIFTY TECHNICAL

Current Spot: 19395.05
Pivot: 19431
5DEMA: 19497
10DEMA: 19560
20DEMA: 19616
50DEMA: 19404
Parabolic SAR: 19074
RSI (14 days): 45.58
Supports: 19290 - 19186 - 19045
Resistance: 19535 - 19675 - 19780

Bank Nifty Future VWAP: 19554.68
Bank Nifty Future VIX Range: 19290 - 19714
MP Values Bank Nifty Future: VAH - 19649, POC - 19562, VAL - 19475

Thanks and Regards

MarketPulse S&P