Market outlook for 17/10/2016

Nifty closed up 10.05 points (0.12%) at 8583.40 while Future closed at 8605.10, premium of 21.70 points.
Bank Nifty closed up 65.90 points (0.35%) at 19020.15 while Future closed at 19086.20, premium of 66.05 points.

• FII sold in Cash (Net sell 946.42 Crore)
• FII bought in index future, stock future and in index option (Net buy 840.98 Crore)
• DII bought in Cash (Net buy 556.90 Crore)
• Most Active Nifty Call Option: 8600 and 8700.
• Most Active Nifty Put Options: 8600 and 8500.
• Advance Decline for the day was 1037:575.
• McClellan's oscillator for NSE at +14.

NIFTY TECHNICAL

Current Spot: 8583.40
Pivot: 8579
5DEMA: 8638
10DEMA: 8673
20DEMA: 8702
50DEMA: 8691
Parabolic SAR: 8757
RSI (14 days): 40.63
Supports: 8554 - 8525 - 8499
Resistance: 8609 - 8634 - 8663

Nifty Future VWAP: 8592.22
Nifty Future VIX Range: 8538 - 8684
MP Values Nifty Future: VAH - 8605, POC - 8593, VAL - 8581

BANKNIFTY TECHNICAL

Current Spot: 19020.15
Pivot: 19000
5DEMA: 19190
10DEMA: 19334
20DEMA: 19470
50DEMA: 19437
Parabolic SAR: 19797
RSI (14 days): 38.17
Supports: 18946 - 18873 - 18819
Resistance: 19074 - 19127 - 19201

Bank Nifty Future VWAP: 19045.71
Bank Nifty Future VIX Range: 18877 - 19302
MP Values Bank Nifty Future: VAH - 19087, POC - 19051, VAL - 19015

Thanks and Regards

MarketPulse S&P