Market outlook for 04/01/2016

Nifty closed up 16.85 points (0.21%) at 7963.20 while Future closed at 7982.00, premium of 18.80 points.
Bank Nifty closed up 117.05 points (0.69%) at 17039.25 while Future closed at 17096.80, premium of 57.55 points.

• FII bought in Cash (Net buy 228.11 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 346.15 Crore)
• DII sold in Cash (Net sell 81.24 Crore)
• Most Active Nifty Call Option: 8000 and 8100.
• Most Active Nifty Put Options: 7900 and 7800.
• Advance Decline for the day was 1113:452.
• McClellan's oscillator for NSE at +43.

NIFTY TECHNICAL

Current Spot: 7963.20
Pivot: 7949
5DEMA: 7926
10DEMA: 7886
20DEMA: 7855
50DEMA: 7897
Parabolic SAR: 7739
RSI (14 days): 58.74
Supports: 7924 - 7886 - 7862
Resistance: 7987 - 8011 - 8050

Nifty Future VWAP: 7961.71
Nifty Future VIX Range: 7923 - 8041
MP Values Nifty Future: VAH - 7977, POC - 7943, VAL - 7925

BANKNIFTY TECHNICAL

Current Spot: 17039.25
Pivot: 16977
5DEMA: 16952
10DEMA: 16890
20DEMA: 16874
50DEMA: 167034
Parabolic SAR: 16400
RSI (14 days): 54.75
Supports: 16886 - 16734 - 16643
Resistance: 17130 - 17220 - 17373

Bank Nifty Future VWAP: 17010.29
Bank Nifty Future VIX Range: 16930 - 17244
MP Values Bank Nifty Future: VAH - 17144, POC - 17087, VAL - 16941

Thanks and Regards

MarketPulse S&P