Market outlook for 22/09/2016

Nifty closed up 1.25 points (0.01%) at 8777.15 while Future closed at 8806.95, premium of 29.80 points.
Bank Nifty closed down 23.85 points (0.12%) at 19828.45 while Future closed at 19901.15, premium of 72.70 points.

• FII bought in Cash (Net buy 183.85 Crore)
• FII sold in stock future, index option but bought in index future (Net sell 541.74 Crore)
• DII sold in Cash (Net sell 230.59 Crore)
• Most Active Nifty Call Option: 8800 and 8900.
• Most Active Nifty Put Options: 8800 and 8700.
• Advance Decline for the day was 832:799.
• McClellan's oscillator for NSE at -03.

NIFTY TECHNICAL

Current Spot: 8777.15
Pivot: 8787
5DEMA: 8781
10DEMA: 8783
20DEMA: 8757
50DEMA: 8648
Parabolic SAR: 8942
RSI (14 days): 54.06
Supports: 8747 - 8718 - 8678
Resistance: 8817 - 8857 - 8886

Nifty Future VWAP: 8823.87
Nifty Future VIX Range: 8746 - 8868
MP Values Nifty Future: VAH - 8848, POC - 8829, VAL - 8810

BANKNIFTY TECHNICAL

Current Spot: 19828.45
Pivot: 19839
5DEMA: 19874
10DEMA: 19886
20DEMA: 19753
50DEMA: 19262
Parabolic SAR: 20351
RSI (14 days): 56.53
Supports: 19740 - 19651 - 19552
Resistance: 19928 - 20027 - 20115

Bank Nifty Future VWAP: 19931.92
Bank Nifty Future VIX Range: 19721 - 20099
MP Values Bank Nifty Future: VAH - 19980, POC - 19934, VAL - 19888

Thanks and Regards

MarketPulse S&P