Market outlook for 02/02/2016

Nifty closed down 7.60 points (0.10%) at 7555.95 while Future closed at 7565.35, premium of 9.40 points.
Bank Nifty closed down 207.95 points (1.34%) at 15314.45 while Future closed at 15363.25, premium of 48.80 points.

• FII bought in Cash (Net buy 253.88 Crore)
• FII bought in index future, index option and in stock future (Net buy 2654.02 Crore)
• DII sold in Cash (Net sell 535.70 Crore)
• Most Active Nifty Call Option: 7600 and 7700.
• Most Active Nifty Put Options: 7500 and 7400.
• Advance Decline for the day was 853:698.
• McClellan's oscillator for NSE at +23.

NIFTY TECHNICAL

Current Spot: 7555.95
Pivot: 7566
5DEMA: 7496
10DEMA: 7480
20DEMA: 7529
50DEMA: 7668
Parabolic SAR: 7271
RSI (14 days): 48.98
Supports: 7531 - 7507 - 7472
Resistance: 7591 - 7625 - 7650

Nifty Future VWAP: 7578.48
Nifty Future VIX Range: 7481 - 7637
MP Values Nifty Future: VAH - 7595, POC - 7582, VAL - 7569

BANKNIFTY TECHNICAL

Current Spot: 15314.45
Pivot: 15387
5DEMA: 15406
10DEMA: 15454
20DEMA: 15685
50DEMA: 16213
Parabolic SAR: 14910
RSI (14 days): 38.57
Supports: 15209 - 15103 - 14925
Resistance: 15493 - 15671 - 15777

Bank Nifty Future VWAP: 15443.02
Bank Nifty Future VIX Range: 15147 - 15561
MP Values Bank Nifty Future: VAH - 15503, POC - 15443, VAL - 15383

Thanks and Regards

MarketPulse S&P