Market outlook for 27/10/2016

Nifty closed down 76.05 points (0.88%) at 8615.25 while Future closed at 8616.75, premium of 1.50 points.
Bank Nifty closed down 351.30 points (1.77%) at 19483.60 while Future closed at 19488.65, premium of 5.05 points.

• FII sold huge in Cash (Net sell 1450.65 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 73.22 Crore)
• DII bought in Cash (Net buy 989.46 Crore)
• Most Active Nifty Call Option: 8700 and 8800.
• Most Active Nifty Put Options: 8700 and 8600.
• Advance Decline for the day was 542:1099.
• McClellan's oscillator for NSE at +01.

NIFTY TECHNICAL

Current Spot: 8615.25
Pivot: 8623
5DEMA: 8662
10DEMA: 8666
20DEMA: 8680
50DEMA: 8688
Parabolic SAR: 8532
RSI (14 days): 44.35
Supports: 8589 - 8562 - 8528
Resistance: 8650 - 8684 - 8710

Nifty Future VWAP: 8633.31
Nifty Future VIX Range: 8540 - 8683
MP Values Nifty Future: VAH - 8656, POC - 8641, VAL - 8626

BANKNIFTY TECHNICAL

Current Spot: 19483.60
Pivot: 19548
5DEMA: 19621
10DEMA: 19560
20DEMA: 19537
50DEMA: 19470
Parabolic SAR: 18951
RSI (14 days): 48.79
Supports: 19370- 19257 - 19079
Resistance: 19662 - 19839 - 19953

Bank Nifty Future VWAP: 19568.31
Bank Nifty Future VIX Range: 19283 - 19717
MP Values Bank Nifty Future: VAH - 19663, POC - 19596, VAL - 19502

Thanks and Regards

MarketPulse S&P