Market outlook for 24/10/2016

Nifty closed down 6.35 points (0.07%) at 8693.05 while Future closed at 8700.35, premium of 7.30 points.
Bank Nifty closed up 52.20 points (0.27%) at 19710.90 while Future closed at 19723.25, premium of 12.35 points.

• FII sold in Cash (Net sell 272.91 Crore)
• FII bought in stock future but sold in index future, index option (Net buy 45.82 Crore)
• DII bought in Cash (Net buy 500.37 Crore)
• Most Active Nifty Call Option: 8700 and 8800.
• Most Active Nifty Put Options: 8700 and 8600.
• Advance Decline for the day was 840:804.
• McClellan's oscillator for NSE at +32.

NIFTY TECHNICAL

Current Spot: 8693.05
Pivot: 8685
5DEMA: 8669
10DEMA: 8667
20DEMA: 8685
50DEMA: 8695
Parabolic SAR: 8511
RSI (14 days): 50.05
Supports: 8660 - 8628 - 8603
Resistance: 8717 - 8742 - 8774

Nifty Future VWAP: 8680.80
Nifty Future VIX Range: 8628 - 8779
MP Values Nifty Future: VAH - 8690, POC - 8671, VAL - 8656

BANKNIFTY TECHNICAL

Current Spot: 19710.90
Pivot: 19657
5DEMA: 19523
10DEMA: 19455
20DEMA: 19481
50DEMA: 19452
Parabolic SAR: 18824
RSI (14 days): 55.19
Supports: 19570 - 19430 - 19343
Resistance: 19798 - 19885 - 20025

Bank Nifty Future VWAP: 19628.88
Bank Nifty Future VIX Range: 19510 - 19950
MP Values Bank Nifty Future: VAH - 19682, POC - 19584, VAL - 19523

Thanks and Regards

MarketPulse S&P