Market outlook for 20/10/2016

Nifty closed down 18.80 points (0.22%) at 8659.10 while Future closed at 8665.25, premium of 6.15 points.
Bank Nifty closed down 82.95 points (0.43%) at 19412.10 while Future closed at 19452.05, premium of 39.95 points.

• FII sold in Cash (Net sell 282.77 Crore)
• FII bought in stock future, index option but sold in index future (Net buy 238.41 Crore)
• DII bought in Cash (Net buy 724.64 Crore)
• Most Active Nifty Call Option: 8700 and 8800.
• Most Active Nifty Put Options: 8600 and 8500.
• Advance Decline for the day was 942:701.
• McClellan's oscillator for NSE at +32.

NIFTY TECHNICAL

Current Spot: 8659.10
Pivot: 8665
5DEMA: 8637
10DEMA: 8652
20DEMA: 8682
50DEMA: 8684
Parabolic SAR: 8699
RSI (14 days): 47.96
Supports: 8631 - 8603 - 8569
Resistance: 8693 - 8727 - 8755

Nifty Future VWAP: 8668.49
Nifty Future VIX Range: 8583 - 8741
MP Values Nifty Future: VAH - 8687, POC - 8671, VAL - 8655

BANKNIFTY TECHNICAL

Current Spot: 19412.10
Pivot: 19437
5DEMA: 19314
10DEMA: 19340
20DEMA: 19435
50DEMA: 19423
Parabolic SAR: 19739
RSI (14 days): 48.80
Supports: 19298 - 19184 - 19044
Resistance: 19551 - 19691 - 19805

Bank Nifty Future VWAP: 19449.10
Bank Nifty Future VIX Range: 19224 - 19671
MP Values Bank Nifty Future: VAH - 19503, POC - 19462, VAL - 19421

Thanks and Regards

MarketPulse S&P