Market outlook for 19/10/2016

Nifty closed up 157.50 points (1.85%) at 8677.90 while Future closed at 8679.85, premium of 1.95 points.
Bank Nifty closed up 424.65 points (2.23%) at 19495.05 while Future closed at 19523.65, premium of 28.60 points.

• FII bought in Cash (Net buy 345.04 Crore)
• FII bought in stock future, index option but sold in index future (Net buy 3598.55 Crore)
• DII bought in Cash (Net buy 173.36 Crore)
• Most Active Nifty Call Option: 8600 and 8700.
• Most Active Nifty Put Options: 8600 and 8500.
• Advance Decline for the day was 1216:432.
• McClellan's oscillator for NSE at +28.

NIFTY TECHNICAL

Current Spot: 8677.90
Pivot: 8640
5DEMA: 8625
10DEMA: 8651
20DEMA: 8684
50DEMA: 8684
Parabolic SAR: 8714
RSI (14 days): 49.16
Supports: 8594 - 8510 - 8465
Resistance: 8723 - 8769 - 8853

Nifty Future VWAP: 8623.39
Nifty Future VIX Range: 8593 - 8757
MP Values Nifty Future: VAH - 8641, POC - 8585, VAL - 8561

BANKNIFTY TECHNICAL

Current Spot: 19495.05
Pivot: 19390
5DEMA: 19265
10DEMA: 19324
20DEMA: 19438
50DEMA: 19425
Parabolic SAR: 19758
RSI (14 days): 50.65
Supports: 19268 - 19041 - 18919
Resistance: 19617 - 19739 - 19966

Bank Nifty Future VWAP: 19361.84
Bank Nifty Future VIX Range: 19279 - 19741
MP Values Bank Nifty Future: VAH - 19419, POC - 19231, VAL - 19177

Thanks and Regards

MarketPulse S&P