Market outlook for 07/01/2016

Nifty closed down 43.65 points (0.56%) at 7741.00 while Future closed at 7750.05, premium of 9.05 points.
Bank Nifty closed down 109.35 points (0.66%) at 16433.15 while Future closed at 16454.75, premium of 21.60 points.

• FII sold in Cash (Net sell 242.48 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 238.20 Crore)
• DII bought in Cash (Net buy 576.57 Crore)
• Most Active Nifty Call Option: 7900 and 8000.
• Most Active Nifty Put Options: 7800 and 7700.
• Advance Decline for the day was 622:957.
• McClellan's oscillator for NSE at +20.

NIFTY TECHNICAL

Current Spot: 7741.00
Pivot: 7754
5DEMA: 7813
10DEMA: 7833
20DEMA: 7833
50DEMA: 7885
Parabolic SAR: 7968
RSI (14 days): 42.75
Supports: 7708 - 7675 - 7595
Resistance: 7788 - 7834 - 7914

Nifty Future VWAP: 7775.78
Nifty Future VIX Range: 7679 - 7811
MP Values Nifty Future: VAH - 7793, POC - 7764, VAL - 7735

BANKNIFTY TECHNICAL

Current Spot: 16433.15
Pivot: 16475
5DEMA: 16636
10DEMA: 16720
20DEMA: 16782
50DEMA: 16971
Parabolic SAR: 17067
RSI (14 days): 38.25
Supports: 16336 - 16238 - 16001
Resistance: 16573 - 16713 - 16950

Bank Nifty Future VWAP: 16520.16
Bank Nifty Future VIX Range: 16290 - 16644
MP Values Bank Nifty Future: VAH - 16601, POC - 16518, VAL - 16435

Thanks and Regards

MarketPulse S&P