Market outlook for 11/01/2016

Nifty closed up 33.05 points (0.44%) at 7601.35 while Future closed at 7605.20, premium of 3.85 points.
Bank Nifty closed up 68.80 points (0.43%) at 16142.65 while Future closed at 16151.65, premium of 9.00 points.

• FII sold huge in Cash (Net sell 1236.95 Crore)
• FII sold in index future, stock future but bought in index option (Net buy 569.77 Crore)
• DII bought huge in Cash (Net buy 1003.99 Crore)
• Most Active Nifty Call Option: 7800 and 7900.
• Most Active Nifty Put Options: 7600 and 7500.
• Advance Decline for the day was 1231:343.
• McClellan's oscillator for NSE at +10.

NIFTY TECHNICAL

Current Spot: 7601.35
Pivot: 7606
5DEMA: 7688
10DEMA: 7752
20DEMA: 7788
50DEMA: 7861
Parabolic SAR: 7927
RSI (14 days): 36.71
Supports: 7577 - 7552 - 7524
Resistance: 7630 - 7659 - 7683

Nifty Future VWAP: 7615.11
Nifty Future VIX Range: 7534 - 7681
MP Values Nifty Future: VAH - 7629, POC - 7616, VAL - 7603

BANKNIFTY TECHNICAL

Current Spot: 16142.65
Pivot: 16159
5DEMA: 16347
10DEMA: 16519
20DEMA: 16660
50DEMA: 16903
Parabolic SAR: 17007
RSI (14 days): 33.90
Supports: 16088 - 16034 - 15963
Resistance: 16213 - 16283 - 16338

Bank Nifty Future VWAP: 16155.64
Bank Nifty Future VIX Range: 15979 - 16347
MP Values Bank Nifty Future: VAH - 16219, POC - 16188, VAL - 16157

Thanks and Regards

MarketPulse S&P