Market outlook for 05/01/2016

Nifty closed down 171.90 points (2.16%) at 7791.30 while Future closed at 7809.80, premium of 18.50 points.
Bank Nifty closed down 440.10 points (2.58%) at 16599.15 while Future closed at 16629.45, premium of 30.30 points.

• FII sold in Cash (Net sell 667.15 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 3851.86 Crore)
• DII sold in Cash (Net sell 222.79 Crore)
• Most Active Nifty Call Option: 8000 and 8100.
• Most Active Nifty Put Options: 7800 and 7700.
• Advance Decline for the day was 533:1063.
• McClellan's oscillator for NSE at +20.

NIFTY TECHNICAL

Current Spot: 7791.30
Pivot: 7837
5DEMA: 7881
10DEMA: 7869
20DEMA: 7849
50DEMA: 7893
Parabolic SAR: 7776
RSI (14 days): 45.93
Supports: 7736 - 7680 - 7579
Resistance: 7892 - 7993 - 8049

Nifty Future VWAP: 7857.31
Nifty Future VIX Range: 7739 - 7879
MP Values Nifty Future: VAH - 7892, POC - 7818, VAL - 7793

BANKNIFTY TECHNICAL

Current Spot: 16599.15
Pivot: 16714
5DEMA: 16834
10DEMA: 16837
20DEMA: 16848
50DEMA: 17017
Parabolic SAR: 16453
RSI (14 days): 41.99
Supports: 16461 - 16323 - 16070
Resistance: 16852 - 17105 - 17243

Bank Nifty Future VWAP: 16750.77
Bank Nifty Future VIX Range: 16439 - 16811
MP Values Bank Nifty Future: VAH - 16918, POC - 16797, VAL - 16676

Thanks and Regards

MarketPulse S&P