Market outlook for 01/02/2016

Nifty closed up 138.90 points (1.87%) at 7563.55 while Future closed at 7568.05, premium of 4.50 points.
Bank Nifty closed up 140.95 points (0.92%) at 15522.40 while Future closed at 15536.80, premium of 14.40 points.

• FII bought in Cash (Net buy 571.70 Crore)
• FII bought in index future, index option and in stock future (Net buy 4253.60 Crore)
• DII bought in Cash (Net buy 240.02 Crore)
• Most Active Nifty Call Option: 7600 and 7700.
• Most Active Nifty Put Options: 7400 and 7300.
• Advance Decline for the day was 1021:541.
• McClellan's oscillator for NSE at +18.

NIFTY TECHNICAL

Current Spot: 7563.55
Pivot: 7514
5DEMA: 7466
10DEMA: 7463
20DEMA: 7527
50DEMA: 7678
Parabolic SAR: 7258
RSI (14 days): 49.38
Supports: 7452 - 7341 - 7280
Resistance: 7625 - 7687 - 7798

Nifty Future VWAP: 7516.57
Nifty Future VIX Range: 7485 - 7645
MP Values Nifty Future: VAH - 7537, POC - 7476, VAL - 7451

BANKNIFTY TECHNICAL

Current Spot: 15522.40
Pivot: 15405
5DEMA: 15451
10DEMA: 15485
20DEMA: 15724
50DEMA: 16238
Parabolic SAR: 14878
RSI (14 days): 42.14
Supports: 15255 - 14987 - 14836
Resistance: 15673 - 15823 - 16091

Bank Nifty Future VWAP: 15372.30
Bank Nifty Future VIX Range: 15330 - 15748
MP Values Bank Nifty Future: VAH - 15438, POC - 15260, VAL - 15174

Thanks and Regards

MarketPulse S&P