Market outlook for 28/01/2016

Nifty closed up 1.60 points (0.02%) at 7437.75 while Future closed at 7433.40, discount of 4.35 points.
Bank Nifty closed down 26.55 points (0.17%) at 15534.60 while Future closed at 15518.30, discount of 16.30 points.

• FII sold in Cash (Net sell 366.93 Crore)
• FII bought in stock future, index option but sold in index future (Net buy 1247.79 Crore)
• DII bought in Cash (Net buy 499.99 Crore)
• Most Active Nifty Call Option: 7500 and 7600.
• Most Active Nifty Put Options: 7400 and 7300.
• Advance Decline for the day was 842:697.
• McClellan's oscillator for NSE at -02.

NIFTY TECHNICAL

Current Spot: 7437.75
Pivot: 7445
5DEMA: 7413
10DEMA: 7444
20DEMA: 7533
50DEMA: 7703
Parabolic SAR: 7246
RSI (14 days): 40.54
Supports: 7412 - 7387 - 7354
Resistance: 7471 - 7503 - 7529

Nifty Future VWAP: 7439.77
Nifty Future VIX Range: 7356 - 7507
MP Values Nifty Future: VAH - 7448, POC - 7435, VAL - 7422

BANKNIFTY TECHNICAL

Current Spot: 15534.60
Pivot: 15550
5DEMA: 15433
10DEMA: 15498
20DEMA: 15785
50DEMA: 16354
Parabolic SAR: 14773
RSI (14 days): 40.88
Supports: 15427 - 15319 - 15195
Resistance: 15658 - 15782 - 15890

Bank Nifty Future VWAP: 15509.47
Bank Nifty Future VIX Range: 15301 - 15733
MP Values Bank Nifty Future: VAH - 15568, POC - 15516, VAL - 15464

Thanks and Regards

MarketPulse S&P