Market outlook for 18/10/2016

Nifty closed down 63.00 points (0.73%) at 8520.40 while Future closed at 8523.90, premium of 3.50 points.
Bank Nifty closed up 50.25 points (0.26%) at 19070.40 while Future closed at 19087.75, premium of 17.35 points.

• FII sold in Cash (Net sell 456.64 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 290.58 Crore)
• DII bought in Cash (Net buy 235.57 Crore)
• Most Active Nifty Call Option: 8600 and 8700.
• Most Active Nifty Put Options: 8600 and 8500.
• Advance Decline for the day was 675:973.
• McClellan's oscillator for NSE at +04.

NIFTY TECHNICAL

Current Spot: 8520.40
Pivot: 8547
5DEMA: 8599
10DEMA: 8645
20DEMA: 8685
50DEMA: 8684
Parabolic SAR: 8737
RSI (14 days): 37.04
Supports: 8479 - 8438 - 8370
Resistance: 8588 - 8657 - 8698

Nifty Future VWAP: 8547.01
Nifty Future VIX Range: 8458 - 8604
MP Values Nifty Future: VAH - 8579, POC - 8532, VAL - 8508

BANKNIFTY TECHNICAL

Current Spot: 19070.40
Pivot: 19105
5DEMA: 19150
10DEMA: 19286
20DEMA: 19432
50DEMA: 19422
Parabolic SAR: 19777
RSI (14 days): 39.68
Supports: 18968 - 18866 - 18729
Resistance: 19207 - 19344 - 19447

Bank Nifty Future VWAP: 19135.80
Bank Nifty Future VIX Range: 18899 - 19311
MP Values Bank Nifty Future: VAH - 19188, POC - 19113, VAL - 19038

Thanks and Regards

MarketPulse S&P