Market outlook for 07/01/2015

Nifty closed down 251.05 points (3.00%) at 8127.35 while Future closed at 8157.90, premium of 30.55 points.
Bank Nifty closed down 586.65 points (3.08%) at 18430.75 while Future closed at 18521.55, premium of 90.80 points.

• FII sold in Cash (Net sell 1570.76 Crore)
• FII sold in index future but bought in stock future, index option (Net sell 1283.63 Crore)
• DII bought in Cash (Net buy 1189.65 Crore)
• Most Active Nifty Call Option: 8400 and 8500.
• Most Active Nifty Put Options: 8200 and 8100.
• Advance Decline for the day was 216:1348.
• McClellan's oscillator for NSE at +12.

NIFTY TECHNICAL

Current Spot: 8127.35
Pivot: 8189
5DEMA: 8262
10DEMA: 8266
20DEMA: 8278
50DEMA: 8249
RSI (14 days): 41.07
Parabolic SAR: 8111
Supports: 8050 - 7972 - 7833
Resistance: 8266 - 8405 - 8483

Nifty Future VWAP: 8237.29
Nifty Future VIX Range: 8058 - 8242
MP Values Nifty Future: VAH - 8353, POC - 8236, VAL - 8119

BANKNIFTY TECHNICAL

Current Spot: 18430.75
Pivot: 18565
5DEMA: 18723
10DEMA: 18676
20DEMA: 18532
50DEMA: 17920
RSI (14 days): 51.01
Parabolic SAR: 18256
Supports: 18255 - 18078 - 17768
Resistance: 18741 - 19051 - 19227

Bank Nifty Future VWAP: 18736.83
Bank Nifty Future VIX Range: 18228 - 18736
MP Values Bank Nifty Future: VAH - 18946, POC - 18772, VAL - 18598

Thanks and Regards

MarketPulse S&P