Market outlook for 14/10/2016

Nifty closed down 135.45 points (1.58%) at 8573.35 while Future closed at 8580.45, premium of 7.10 points.
Bank Nifty closed down 424.30 points (2.19%) at 18954.25 while Future closed at 19017.40, premium of 63.15 points.

• FII sold in Cash (Net sell 911.53 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 1403.94 Crore)
• DII bought in Cash (Net buy 679.49 Crore)
• Most Active Nifty Call Option: 8700 and 8800.
• Most Active Nifty Put Options: 8600 and 8500.
• Advance Decline for the day was 352:1293.
• McClellan's oscillator for NSE at -01.

NIFTY TECHNICAL

Current Spot: 8573.35
Pivot: 8599
5DEMA: 8666
10DEMA: 8693
20DEMA: 8714
50DEMA: 8696
Parabolic SAR: 8775
RSI (14 days): 39.71
Supports: 8516 - 8459 - 8376
Resistance: 8656 - 8739 - 8796

Nifty Future VWAP: 8607.74
Nifty Future VIX Range: 8506 - 8656
MP Values Nifty Future: VAH - 8639, POC - 8582, VAL - 8552

BANKNIFTY TECHNICAL

Current Spot: 18954.25
Pivot: 19025
5DEMA: 19275
10DEMA: 19403
20DEMA: 19516
50DEMA: 19427
Parabolic SAR: 19817
RSI (14 days): 36.48
Supports: 18754 - 18554 - 18283
Resistance: 19225 - 19496 - 19696

Bank Nifty Future VWAP: 19071.48
Bank Nifty Future VIX Range: 18805 - 19239
MP Values Bank Nifty Future: VAH - 19087, POC - 18975, VAL - 18875

Thanks and Regards

MarketPulse S&P