Market outlook for 06/01/2016

Nifty closed down 6.65 points (0.09%) at 7784.65 while Future closed at 7802.75, premium of 18.10 points.
Bank Nifty closed down 56.65 points (0.34%) at 16542.50 while Future closed at 16579.90, premium of 37.40 points.

• FII sold in Cash (Net sell 352.42 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1009.95 Crore)
• DII bought in Cash (Net buy 13.19 Crore)
• Most Active Nifty Call Option: 7900 and 8000.
• Most Active Nifty Put Options: 7800 and 7700.
• Advance Decline for the day was 1099:478.
• McClellan's oscillator for NSE at +37.

NIFTY TECHNICAL

Current Spot: 7784.65
Pivot: 7793
5DEMA: 7849
10DEMA: 7854
20DEMA: 7843
50DEMA: 7889
Parabolic SAR: 7973
RSI (14 days): 45.52
Supports: 7755 - 7725 - 7687
Resistance: 7823 - 7861 - 7891

Nifty Future VWAP: 7812.89
Nifty Future VIX Range: 7726 - 7861
MP Values Nifty Future: VAH - 7825, POC - 7811, VAL - 7797

BANKNIFTY TECHNICAL

Current Spot: 16542.50
Pivot: 16563
5DEMA: 16737
10DEMA: 16784
20DEMA: 16819
50DEMA: 16999
Parabolic SAR: 16475
RSI (14 days): 40.67
Supports: 16455 - 16367 - 16259
Resistance: 16650 - 16758 - 16846

Bank Nifty Future VWAP: 16602.35
Bank Nifty Future VIX Range: 16387 - 16747
MP Values Bank Nifty Future: VAH - 16648, POC - 16609, VAL - 16570

Thanks and Regards

MarketPulse S&P