Market outlook for 30/09/2016

Nifty closed down 153.90 points (1.76%) at 8591.25 while Future closed at 8638.25, premium of 47.00 points.
Bank Nifty closed down 469.90 points (2.39%) at 19183.65 while Future closed at 19331.55, premium of 147.90 points.

• FII bought in Cash (Net buy 3413.37 Crore)
• FII bought in index future but sold in stock future, index option (Net buy 533.56 Crore)
• DII bought in Cash (Net buy 1630.88 Crore)
• Most Active Nifty Call Option: 8800 and 9000.
• Most Active Nifty Put Options: 8600 and 8500.
• Advance Decline for the day was 126:1532.
• McClellan's oscillator for NSE at -40.

NIFTY TECHNICAL

Current Spot: 8591.25
Pivot: 8650
5DEMA: 8700
10DEMA: 8737
20DEMA: 8745
50DEMA: 8667
Parabolic SAR: 8910
RSI (14 days): 40.36
Supports: 8499 - 8408 - 8257
Resistance: 8742 - 8892 - 8984

Nifty Future VWAP: 8707.77
Nifty Future VIX Range: 8573 - 8716
MP Values Nifty Future: VAH - 8709, POC - 8648, VAL - 8609

BANKNIFTY TECHNICAL

Current Spot: 19183.65
Pivot: 19345
5DEMA: 19527
10DEMA: 19666
20DEMA: 19691
50DEMA: 19349
Parabolic SAR: 20001
RSI (14 days): 39.95
Supports: 18897 - 18611 - 18163
Resistance: 19632 - 20079 - 20366

Bank Nifty Future VWAP: 19495.06
Bank Nifty Future VIX Range: 19142 - 19578
MP Values Bank Nifty Future: VAH - 19524, POC - 19374, VAL - 19224

Thanks and Regards

MarketPulse S&P