Market outlook for 29/01/2015

Nifty closed up 3.80 points (0.04%) at 8914.30 while Future closed at 8904.65, discount of 9.65 points.
Bank Nifty closed down 63.50 points (0.31%) at 20491.75 while Future closed at 20480.25, discount of 11.50 points.

• FII bought HUGE in Cash (Net buy 1723.17 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 1682.10 Crore)
• DII sold in Cash (Net sell 1292.70 Crore)
• Most Active Nifty Call Option: 8900 and 9000.
• Most Active Nifty Put Options: 8900 and 8800.
• Advance Decline for the day was 551:985.
• McClellan's oscillator for NSE at -17.

NIFTY TECHNICAL

Current Spot: 8914.30
Pivot: 8924
5DEMA: 8824
10DEMA: 8700
20DEMA: 8555
50DEMA: 8407
RSI (14 days): 76.05
Parabolic SAR: 8494
Supports: 8864 - 8813 - 8753
Resistance: 8975 - 9035 - 9086

Nifty Future VWAP: 8922.44
Nifty Future VIX Range: 8815 - 8996
MP Values Nifty Future: VAH - 8948, POC - 8915, VAL - 8882

BANKNIFTY TECHNICAL

Current Spot: 20491.75
Pivot: 20611
5DEMA: 20192
10DEMA: 19829
20DEMA: 19395
50DEMA: 18713
RSI (14 days): 76.50
Parabolic SAR: 19112
Supports: 20315 - 20139 - 19843
Resistance: 20788 - 21084 - 21260

Bank Nifty Future VWAP: 20611.70
Bank Nifty Future VIX Range: 20176 - 20727
MP Values Bank Nifty Future: VAH - 20737, POC - 20535, VAL - 20427

Thanks and Regards

MarketPulse S&P