Market outlook for 29/09/2016

Nifty closed up 38.75 points (0.45%) at 8745.15 while Future closed at 8758.45, premium of 13.30 points.
Bank Nifty closed up 134.85 points (0.69%) at 19653.55 while Future closed at 19691.70, premium of 38.15 points.

• FII bought in Cash (Net buy 73.83 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1338.61 Crore)
• DII sold in Cash (Net sell 69.53 Crore)
• Most Active Nifty Call Option: 8800 and 8900.
• Most Active Nifty Put Options: 8700 and 8600.
• Advance Decline for the day was 1037:583.
• McClellan's oscillator for NSE at +01.

NIFTY TECHNICAL

Current Spot: 8745.15
Pivot: 8738
5DEMA: 8755
10DEMA: 8769
20DEMA: 8761
50DEMA: 8664
Parabolic SAR: 8918
RSI (14 days): 50.57
Supports: 8710 - 8675 - 8646
Resistance: 8774 - 8802 - 8838

Nifty Future VWAP: 8747.11
Nifty Future VIX Range: 8697 - 8821
MP Values Nifty Future: VAH - 8778, POC - 8758, VAL - 8738

BANKNIFTY TECHNICAL

Current Spot: 19653.55
Pivot: 19621
5DEMA: 19698
10DEMA: 19773
20DEMA: 19744
50DEMA: 19345
Parabolic SAR: 20106
RSI (14 days): 50.12
Supports: 19542 - 19431 - 19352
Resistance: 19732 - 19811 - 19923

Bank Nifty Future VWAP: 19651.88
Bank Nifty Future VIX Range: 19504 - 19893
MP Values Bank Nifty Future: VAH - 19695, POC - 19641, VAL - 19587

Thanks and Regards

MarketPulse S&P