Market outlook for 13/10/2016

Nifty closed up 11.20 points (0.13%) at 8708.80 while Future closed at 8739.95, premium of 31.15 points.
Bank Nifty closed down 21.55 points (0.11%) at 19378.55 while Future closed at 19464.50, premium of 85.95 points.

• FII sold in Cash (Net sell 547.26 Crore)
• FII sold in index future, index option and in stock future (Net sell 702.73 Crore)
• DII bought in Cash (Net buy 468.96 Crore)
• Most Active Nifty Call Option: 8800 and 8900.
• Most Active Nifty Put Options: 8700 and 8600.
• Advance Decline for the day was 952:685.
• McClellan's oscillator for NSE at +31.

NIFTY TECHNICAL

Current Spot: 8708.80
Pivot: 8720
5DEMA: 8712
10DEMA: 8719
20DEMA: 8729
50DEMA: 8701
Parabolic SAR: 8790
RSI (14 days): 48.56
Supports: 8693 - 8678 - 8651
Resistance: 8735 - 8761 - 8777

Nifty Future VWAP: 8746.19
Nifty Future VIX Range: 8678 - 8812
MP Values Nifty Future: VAH - 8753, POC - 8745, VAL - 8737

BANKNIFTY TECHNICAL

Current Spot: 19378.55
Pivot: 19410
5DEMA: 19436
10DEMA: 19503
20DEMA: 19576
50DEMA: 19451
Parabolic SAR: 19104
RSI (14 days): 44.88
Supports: 19319 - 19260 - 19169
Resistance: 19470 - 19561 - 19620

Bank Nifty Future VWAP: 19490.65
Bank Nifty Future VIX Range: 19289 - 19688
MP Values Bank Nifty Future: VAH - 19558, POC - 19508, VAL - 19458

Thanks and Regards

MarketPulse S&P