Market outlook for 03/03/2016

Nifty closed up 146.55 points (2.03%) at 7368.85 while Future closed at 7361.55, discount of 7.30 points.
Bank Nifty closed up 679.55 points (4.71%) at 15092.45 while Future closed at 15109.60, premium of 17.15 points.

• FII bought HUGE in Cash (Net buy 1437.50 Crore)
• FII bought in index future, index option and in stock future (Net buy 6473.03 Crore)
• DII sold in Cash (Net sell 593.67 Crore)
• Most Active Nifty Call Option: 7400 and 7500.
• Most Active Nifty Put Options: 7200 and 7000.
• Advance Decline for the day was 1257:325.
• McClellan's oscillator for NSE at +47.

NIFTY TECHNICAL

Current Spot: 7368.85
Pivot: 7352
5DEMA: 7186
10DEMA: 7155
20DEMA: 7196
50DEMA: 7376
Parabolic SAR: 6837
RSI (14 days): 55.36
Supports: 7325 - 7280 - 7252
Resistance: 7397 - 7425 - 7469

Nifty Future VWAP: 7342.41
Nifty Future VIX Range: 7257 - 7477
MP Values Nifty Future: VAH - 7359, POC - 7343, VAL - 7327

BANKNIFTY TECHNICAL

Current Spot: 15092.45
Pivot: 14999
5DEMA: 14408
10DEMA: 14286
20DEMA: 14435
50DEMA: 15115
Parabolic SAR: 13477
RSI (14 days): 57.28
Supports: 14860 - 14628 - 14489
Resistance: 15232 - 15371 - 15603

Bank Nifty Future VWAP: 14987.60
Bank Nifty Future VIX Range: 14817 - 15443
MP Values Bank Nifty Future: VAH - 15060, POC - 14973, VAL - 14886

Thanks and Regards

MarketPulse S&P