Market outlook for 16/09/2016

Nifty closed up 15.95 points (0.18%) at 8742.55 while Future closed at 8773.50, premium of 30.95 points.
Bank Nifty closed down 71.60 points (0.36%) at 19837.55 while Future closed at 19938.20, premium of 100.65 points.

• FII bought in Cash (Net buy 345.42 Crore)
• FII sold in index future, index option and in stock future (Net sell 1506.21 Crore)
• DII sold in Cash (Net sell 456.91 Crore)
• Most Active Nifty Call Option: 8800 and 9000.
• Most Active Nifty Put Options: 8700 and 8600.
• Advance Decline for the day was 854:741.
• McClellan's oscillator for NSE at +01.

NIFTY TECHNICAL

Current Spot: 8742.55
Pivot: 8733
5DEMA: 8775
10DEMA: 8781
20DEMA: 8744
50DEMA: 8623
Parabolic SAR: 8963
RSI (14 days): 52.21
Supports: 8714 - 8685 - 8666
Resistance: 8762 - 8781 - 8809

Nifty Future VWAP: 8755.40
Nifty Future VIX Range: 8715 - 8850
MP Values Nifty Future: VAH - 8768, POC - 8753, VAL - 8738

BANKNIFTY TECHNICAL

Current Spot: 19837.55
Pivot: 19841
5DEMA: 19958
10DEMA: 19922
20DEMA: 19702
50DEMA: 19184
Parabolic SAR: 20526
RSI (14 days): 57.31
Supports: 19727 - 19616 - 19502
Resistance: 19952 - 20066 - 20177

Bank Nifty Future VWAP: 19908.50
Bank Nifty Future VIX Range: 19740 - 20166
MP Values Bank Nifty Future: VAH - 19939, POC - 19891, VAL - 19843

Thanks and Regards

MarketPulse S&P