Market outlook for 01/03/2016

Nifty closed down 42.70 points (0.61%) at 6987.05 while Future closed at 7008.95, premium of 21.90 points.
Bank Nifty closed up 154.95 points (1.12%) at 13946.40 while Future closed at 13989.35, premium of 42.95 points.

• FII sold HUGE in Cash (Net sell 2018.02 Crore)
• FII bought in index future, index option and in stock future (Net buy 1296.68 Crore)
• DII bought in Cash (Net buy 1445.25 Crore)
• Most Active Nifty Call Option: 7200 and 7300.
• Most Active Nifty Put Options: 6900 and 6800.
• Advance Decline for the day was 640:872.
• McClellan's oscillator for NSE at -35.

NIFTY TECHNICAL

Current Spot: 6987.05
Pivot: 6969
5DEMA: 7032
10DEMA: 7081
20DEMA: 7173
50DEMA: 7383
Parabolic SAR: 7156
RSI (14 days): 37.16
Supports: 6844 - 6700 - 6575
Resistance: 7113 - 7238 - 7381

Nifty Future VWAP: 7012.14
Nifty Future VIX Range: 6927 - 7103
MP Values Nifty Future: VAH - 7111, POC - 7028, VAL - 6945

BANKNIFTY TECHNICAL

Current Spot: 13946.40
Pivot: 13859
5DEMA: 13893
10DEMA: 14038
20DEMA: 14362
50DEMA: 15163
Parabolic SAR: 13407
RSI (14 days): 37.84
Supports: 13495 - 13044 - 12680
Resistance: 14310 - 14674 - 15125

Bank Nifty Future VWAP: 13894.71
Bank Nifty Future VIX Range: 13828 - 14302
MP Values Bank Nifty Future: VAH - 14150, POC - 13901, VAL - 13652

Thanks and Regards

MarketPulse S&P