Market outlook for 02/03/2016

Nifty closed up 235.25 points (3.37%) at 7222.30 while Future closed at 7229.05, premium of 6.75 points.
Bank Nifty closed up 466.50 points (3.34%) at 14412.90 while Future closed at 14452.75, premium of 39.85 points.

• FII bought HUGE in Cash (Net buy 2912.59 Crore)
• FII bought in index future, index option and in stock future (Net buy 6153.01 Crore)
• DII sold in Cash (Net sell 834.59 Crore)
• Most Active Nifty Call Option: 7200 and 7300.
• Most Active Nifty Put Options: 6900 and 6800.
• Advance Decline for the day was 1343:210.
• McClellan's oscillator for NSE at +13.

NIFTY TECHNICAL

Current Spot: 7222.30
Pivot: 7164
5DEMA: 7095
10DEMA: 7107
20DEMA: 7178
50DEMA: 7378
Parabolic SAR: 6826
RSI (14 days): 49.47
Supports: 7093 - 6964 - 6893
Resistance: 7294 - 7365 - 7494

Nifty Future VWAP: 7168.22
Nifty Future VIX Range: 7131 - 7342
MP Values Nifty Future: VAH - 7210, POC - 7150, VAL - 7090

BANKNIFTY TECHNICAL

Current Spot: 14412.90
Pivot: 14308
5DEMA: 14066
10DEMA: 14107
20DEMA: 14366
50DEMA: 15131
Parabolic SAR: 13407
RSI (14 days): 47.16
Supports: 14170 - 13927 - 13789
Resistance: 14551 - 14689 - 14932

Bank Nifty Future VWAP: 14322.68
Bank Nifty Future VIX Range: 14212 - 14739
MP Values Bank Nifty Future: VAH - 14385, POC - 14298, VAL - 14211

Thanks and Regards

MarketPulse S&P