Market outlook for 12/01/2016

Nifty closed down 37.50 points (0.49%) at 7563.85 while Future closed at 7583.75, premium of 19.90 points.
Bank Nifty closed down 126.40 points (0.78%) at 16016.25 while Future closed at 16035.85, premium of 19.60 points.

• FII sold huge in Cash (Net sell 1319.24 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 661.25 Crore)
• DII bought in Cash (Net buy 900.99 Crore)
• Most Active Nifty Call Option: 7700 and 7800.
• Most Active Nifty Put Options: 7500 and 7400.
• Advance Decline for the day was 578:994.
• McClellan's oscillator for NSE at -06.

NIFTY TECHNICAL

Current Spot: 7563.85
Pivot: 7554
5DEMA: 7647
10DEMA: 7717
20DEMA: 7767
50DEMA: 7850
Parabolic SAR: 7901
RSI (14 days): 34.99
Supports: 7504 - 7444 - 7393
Resistance: 7615 - 7665 - 7725

Nifty Future VWAP: 7557.85
Nifty Future VIX Range: 7522 - 7666
MP Values Nifty Future: VAH - 7585, POC - 7540, VAL - 7509

BANKNIFTY TECHNICAL

Current Spot: 16016.25
Pivot: 16005
5DEMA: 16236
10DEMA: 16428
20DEMA: 16599
50DEMA: 16869
Parabolic SAR: 16961
RSI (14 days): 31.69
Supports: 15852 - 15688 - 15536
Resistance: 16169 - 16321 - 16485

Bank Nifty Future VWAP: 16004.15
Bank Nifty Future VIX Range: 15891 - 16249
MP Values Bank Nifty Future: VAH - 16085, POC - 15993, VAL - 15901

Thanks and Regards

MarketPulse S&P