Market outlook for 05/02/2016

Nifty closed up 42.20 points (0.57%) at 7404.00 while Future closed at 7422.65, premium of 18.65 points.
Bank Nifty closed up 35.10 points (0.24%) at 14869.15 while Future closed at 14921.55, premium of 52.40 points.

• FII sold in Cash (Net sell 195.92 Crore)
• FII bought in index future, stock future and in index option (Net buy 1501.67 Crore)
• DII bought in Cash (Net buy 476.44 Crore)
• Most Active Nifty Call Option: 7500 and 7600.
• Most Active Nifty Put Options: 7400 and 7300.
• Advance Decline for the day was 585:968.
• McClellan's oscillator for NSE at -40.

NIFTY TECHNICAL

Current Spot: 7404.00
Pivot: 7409
5DEMA: 7429
10DEMA: 7446
20DEMA: 7497
50DEMA: 7637
Parabolic SAR: 7327
RSI (14 days): 41.77
Supports: 7361 - 7318 - 7270
Resistance: 7452 - 7500 - 7543

Nifty Future VWAP: 7429.99
Nifty Future VIX Range: 7355 - 7513
MP Values Nifty Future: VAH - 7455, POC - 7429, VAL - 7403

BANKNIFTY TECHNICAL

Current Spot: 14869.15
Pivot: 14870
5DEMA: 15050
10DEMA: 15208
20DEMA: 15486
50DEMA: 16057
Parabolic SAR: 15664
RSI (14 days): 32.81
Supports: 14761 - 14653 - 14544
Resistance: 14978 - 15087 - 15195

Bank Nifty Future VWAP: 14936.66
Bank Nifty Future VIX Range: 14762 - 15174
MP Values Bank Nifty Future: VAH - 15040, POC - 14973, VAL - 14890

Thanks and Regards

MarketPulse S&P