Market outlook for 06/04/2016

Nifty closed down 155.60 points (2.01%) at 7603.20 while Future closed at 7623.50, premium of 20.30 points.
Bank Nifty closed down 495.60 points (3.06%) at 15695.00 while Future closed at 15732.60, premium of 37.60 points.

• FII sold in Cash (Net sell 800.79 Crore)
• FII sold in index future but bought in index option, stock future (Net sell 467.26 Crore)
• DII bought in Cash (Net buy 55.85 Crore)
• Most Active Nifty Call Option: 7800 and 8000.
• Most Active Nifty Put Options: 7600 and 7500.
• Advance Decline for the day was 435:1122.
• McClellan's oscillator for NSE at +28.

NIFTY TECHNICAL

Current Spot: 7603.20
Pivot: 7643
5DEMA: 7679
10DEMA: 7660
20DEMA: 7586
50DEMA: 7505
Parabolic SAR: 7778
RSI (14 days): 59.03
Supports: 7549 - 7495 - 7401
Resistance: 7697 - 7790 - 7844

Nifty Future VWAP: 7683.79
Nifty Future VIX Range: 7526 - 7700
MP Values Nifty Future: VAH – 7712, POC - 7659, VAL - 7610

BANKNIFTY TECHNICAL

Current Spot: 15695.00
Pivot: 15834
5DEMA: 15950
10DEMA: 15868
20DEMA: 15618
50DEMA: 15404
Parabolic SAR: 16283
RSI (14 days): 53.89
Supports: 15521 - 15647 - 15033
Resistance: 16008 - 16321 - 16496

Bank Nifty Future VWAP: 15974.53
Bank Nifty Future VIX Range: 15445 - 15955
MP Values Bank Nifty Future: VAH - 16113, POC - 15942, VAL - 15771

Thanks and Regards

MarketPulse S&P