Market outlook for 29/12/2015

Nifty closed up 64.10 points (0.82%) at 7925.15 while Future closed at 7908.55, discount of 16.60 points.
Bank Nifty closed up 168.15 points (1.00%) at 16979.15 while Future closed at 16930.80, discount of 48.35 points.

• FII sold in Cash (Net sell 302.62 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 1633.56 Crore)
• DII bought in Cash (Net buy 987.82 Crore)
• Most Active Nifty Call Option: 7900 and 8000.
• Most Active Nifty Put Options: 7900 and 7800.
• Advance Decline for the day was 875:677.
• McClellan's oscillator for NSE at +43.

NIFTY TECHNICAL

Current Spot: 7925.15
Pivot: 7908
5DEMA: 7860
10DEMA: 7823
20DEMA: 7815
50DEMA: 7859
Parabolic SAR: 7608
RSI (14 days): 57.37
Supports: 7880 - 7834 - 7806
Resistance: 7954 - 7983 - 8028

Nifty Future VWAP: 7902.43
Nifty Future VIX Range: 7841 - 7968
MP Values Nifty Future: VAH - 7910, POC - 7900, VAL - 7890

BANKNIFTY TECHNICAL

Current Spot: 16979.15
Pivot: 16947
5DEMA: 16844
10DEMA: 16789
20DEMA: 16825
50DEMA: 16989
Parabolic SAR: 16234
RSI (14 days): 53.39
Supports: 16875 - 16772 - 16700
Resistance: 17051 - 17123 - 17227

Bank Nifty Future VWAP: 16912.92
Bank Nifty Future VIX Range: 16763 - 17097
MP Values Bank Nifty Future: VAH - 16933, POC - 16905, VAL - 16877

Thanks and Regards

MarketPulse S&P