Market outlook for 29/01/2016

Nifty closed down 13.10 points (0.18%) at 7424.65 while Future closed at 7448.35, premium of 23.70 points.
Bank Nifty closed down 153.15 points (0.99%) at 15381.45 while Future closed at 15443.20, premium of 61.75 points.

• FII sold in Cash (Net sell 961.82 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 1880.01 Crore)
• DII bought in Cash (Net buy 394.22 Crore)
• Most Active Nifty Call Option: 7500 and 7600.
• Most Active Nifty Put Options: 7400 and 7200.
• Advance Decline for the day was 730:805.
• McClellan's oscillator for NSE at -01.

NIFTY TECHNICAL

Current Spot: 7424.65
Pivot: 7434
5DEMA: 7417
10DEMA: 7441
20DEMA: 7523
50DEMA: 7687
Parabolic SAR: 7251
RSI (14 days): 39.93
Supports: 7400 - 7375 - 7341
Resistance: 7459 - 7494 - 7518

Nifty Future VWAP: 7451.97
Nifty Future VIX Range: 7379 - 7525
MP Values Nifty Future: VAH - 7463, POC - 7449, VAL - 7435

BANKNIFTY TECHNICAL

Current Spot: 15381.45
Pivot: 15434
5DEMA: 15416
10DEMA: 15477
20DEMA: 15746
50DEMA: 16281
Parabolic SAR: 14791
RSI (14 days): 38.58
Supports: 15297 - 15212 - 15074
Resistance: 15519 - 15657 - 15742

Bank Nifty Future VWAP: 15495.70
Bank Nifty Future VIX Range: 15258 - 15682
MP Values Bank Nifty Future: VAH - 15547, POC - 15506, VAL - 15465

Thanks and Regards

MarketPulse S&P