Market outlook for 08/02/2016

Nifty closed up 85.10 points (1.15%) at 7489.10 while Future closed at 7519.20, premium of 30.10 points.
Bank Nifty closed up 292.90 points (1.97%) at 15162.05 while Future closed at 15226.20, premium of 64.15 points.

• FII sold in Cash (Net sell 606.83 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1302.34 Crore)
• DII bought in Cash (Net buy 760.02 Crore)
• Most Active Nifty Call Option: 7500 and 7600.
• Most Active Nifty Put Options: 7400 and 7300.
• Advance Decline for the day was 1060:492.
• McClellan's oscillator for NSE at -13.

NIFTY TECHNICAL

Current Spot: 7489.10
Pivot: 7466
5DEMA: 7449
10DEMA: 7453
20DEMA: 7496
50DEMA: 7625
Parabolic SAR: 7344
RSI (14 days): 47.35
Supports: 7429 - 7370 - 7333
Resistance: 7526 - 7563 - 7622

Nifty Future VWAP: 7487.57
Nifty Future VIX Range: 7448 - 7606
MP Values Nifty Future: VAH - 7511, POC - 7489, VAL - 7467

BANKNIFTY TECHNICAL

Current Spot: 15162.05
Pivot: 15088
5DEMA: 15087
10DEMA: 15200
20DEMA: 15455
50DEMA: 16004
Parabolic SAR: 15628
RSI (14 days): 40.50
Supports: 14965 - 14767 - 14644
Resistance: 15286 - 15409 - 15607

Bank Nifty Future VWAP: 15133.17
Bank Nifty Future VIX Range: 15054 - 15476
MP Values Bank Nifty Future: VAH - 15225, POC - 15146, VAL - 15067

Thanks and Regards

MarketPulse S&P