Market outlook for 30/10/2016

Nifty closed up 22.75 points (0.26%) at 8638.00 while Future closed at 8667.40, premium of 29.40 points.
Bank Nifty closed up 41.35 points (0.21%) at 19555.95 while Future closed at 19623.50, premium of 67.55 points.

• FII sold in Cash (Net sell 777.58 Crore)
• FII bought in stock future, index option but sold in index future (Net buy 1989.12 Crore)
• DII bought in Cash (Net buy 1124.08 Crore)
• Most Active Nifty Call Option: 8700 and 8800.
• Most Active Nifty Put Options: 8600 and 8500.
• Advance Decline for the day was 982:656.
• McClellan's oscillator for NSE at -04.

NIFTY TECHNICAL

Current Spot: 8638.00
Pivot: 8628
5DEMA: 8644
10DEMA: 8654
20DEMA: 8671
50DEMA: 8687
Parabolic SAR: 8549
RSI (14 days): 46.36
Supports: 8602 - 8566 - 8540
Resistance: 8664 - 8690 - 8726

Nifty Future VWAP: 8629.12
Nifty Future VIX Range: 8599 - 8736
MP Values Nifty Future: VAH - 8681, POC - 8664, VAL - 8637

BANKNIFTY TECHNICAL

Current Spot: 19555.95
Pivot: 19503
5DEMA: 19576
10DEMA: 19552
20DEMA: 19536
50DEMA: 19463
Parabolic SAR: 19252
RSI (14 days): 50.77
Supports: 19415- 19275 - 19188
Resistance: 19643 - 19730 - 19871

Bank Nifty Future VWAP: 19486.50
Bank Nifty Future VIX Range: 19416 - 19831
MP Values Bank Nifty Future: VAH - 19677, POC - 19615, VAL - 19553

Thanks and Regards

MarketPulse S&P