Market outlook for 10/02/2016

Nifty closed down 89.05 points (1.21%) at 7298.20 while Future closed at 7325.05, premium of 26.85 points.
Bank Nifty closed down 171.70 points (1.14%) at 14875.10 while Future closed at 14919.95, premium of 44.85 points.

• FII sold in Cash (Net sell 680.70 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 2432.24 Crore)
• DII sold in Cash (Net sell 174.14 Crore)
• Most Active Nifty Call Option: 7400 and 7500.
• Most Active Nifty Put Options: 7300 and 7200.
• Advance Decline for the day was 365:1189.
• McClellan's oscillator for NSE at -32.

NIFTY TECHNICAL

Current Spot: 7298.20
Pivot: 7299
5DEMA: 7385
10DEMA: 7415
20DEMA: 7468
50DEMA: 7600
Parabolic SAR: 7600
RSI (14 days): 38.41
Supports: 7274 - 7251 - 7226
Resistance: 7323 - 7347 - 7371

Nifty Future VWAP: 7324.87
Nifty Future VIX Range: 7251 - 7409
MP Values Nifty Future: VAH - 7337, POC - 7325, VAL - 7313

BANKNIFTY TECHNICAL

Current Spot: 14875.10
Pivot: 14867
5DEMA: 15008
10DEMA: 15118
20DEMA: 15364
50DEMA: 15924
Parabolic SAR: 15560
RSI (14 days): 36.05
Supports: 14769 - 14663 - 14565
Resistance: 14973 - 15071 - 15177

Bank Nifty Future VWAP: 14915.51
Bank Nifty Future VIX Range: 14730 - 15130
MP Values Bank Nifty Future: VAH - 14956, POC - 14912, VAL - 14868

Thanks and Regards

MarketPulse S&P