Market outlook for 01/04/2016

Nifty closed up 3.20 points (0.04%) at 7738.40 while Future closed at 7784.40, premium of 46.00 points.
Bank Nifty closed up 6.80 points (0.04%) at 16141.65 while Future closed at 16247.00, premium of 105.35 points.

• FII bought huge in Cash (Net buy 4056.62 Crore)
• FII bought in index future but sold in index option, stock future (Net buy 1244.62 Crore)
• DII sold huge in Cash (Net sell 2890.57 Crore)
• Most Active Nifty Call Option: 7800 and 8000.
• Most Active Nifty Put Options: 7700 and 7600.
• Advance Decline for the day was 784:769.
• McClellan's oscillator for NSE at +28.

NIFTY TECHNICAL

Current Spot: 7738.40
Pivot: 7739
5DEMA: 7689
10DEMA: 7640
20DEMA: 7550
50DEMA: 7496
Parabolic SAR: 7582
RSI (14 days): 63.91
Supports: 7701 - 7664 - 7625
Resistance: 7777 - 7815 - 7852

Nifty Future VWAP: 7790.33
Nifty Future VIX Range: 7701 - 7875
MP Values Nifty Future: VAH – 7811, POC - 7793, VAL - 7775

BANKNIFTY TECHNICAL

Current Spot: 16141.65
Pivot: 16162
5DEMA: 15944
10DEMA: 15770
20DEMA: 15484
50DEMA: 15361
Parabolic SAR: 15721
RSI (14 days): 66.75
Supports: 16042 - 15941 - 15821
Resistance: 16262 - 16383 - 16483

Bank Nifty Future VWAP: 16268.21
Bank Nifty Future VIX Range: 15989 - 16493
MP Values Bank Nifty Future: VAH - 16350, POC - 16292, VAL - 16234

Thanks and Regards

MarketPulse S&P