Market outlook for 10/10/2016

Nifty closed down 11.95 points (0.14%) at 8697.60 while Future closed at 8722.75, premium of 25.15 points.
Bank Nifty closed up 5.05 points (0.03%) at 19400.10 while Future closed at 19487.45, premium of 87.35 points.

• FII bought in Cash (Net buy 56.25 Crore)
• FII sold in index future but bought in index option, stock future (Net sell 743.82 Crore)
• DII bought in Cash (Net buy 726.80 Crore)
• Most Active Nifty Call Option: 8800 and 8900.
• Most Active Nifty Put Options: 8700 and 8600.
• Advance Decline for the day was 781:841.
• McClellan's oscillator for NSE at +25.

NIFTY TECHNICAL

Current Spot: 8697.60
Pivot: 8695
5DEMA: 8713
10DEMA: 8721
20DEMA: 8731
50DEMA: 8686
Parabolic SAR: 8805
RSI (14 days): 47.95
Supports: 8666 - 8635 - 8606
Resistance: 8726 - 8755 - 8786

Nifty Future VWAP: 8719.25
Nifty Future VIX Range: 8651 - 8789
MP Values Nifty Future: VAH - 8728, POC - 8716, VAL - 8704

BANKNIFTY TECHNICAL

Current Spot: 19400.10
Pivot: 19391
5DEMA: 19465
10DEMA: 19531
20DEMA: 19595
50DEMA: 19404
Parabolic SAR: 19089
RSI (14 days): 45.71
Supports: 19327 - 19253 - 19189
Resistance: 19465 - 19529 - 19603

Bank Nifty Future VWAP: 19481.71
Bank Nifty Future VIX Range: 19289 - 19699
MP Values Bank Nifty Future: VAH - 19507, POC - 19480, VAL - 19453

Thanks and Regards

MarketPulse S&P