Market outlook for 01/07/2016

Nifty closed up 83.75 points (1.02%) at 8287.75 while Future closed at 8321.05, premium of 33.30 points.
Bank Nifty closed up 245.50 points (1.39%) at 17935.40 while Future closed at 18002.60, premium of 67.20 points.

• FII bought in Cash (Net buy 1107.42 Crore)
• FII bought in index future, stock future and index option (Net buy 5163.87 Crore)
• DII sold in Cash (Net sell 190.76 Crore)
• Most Active Nifty Call Option: 8300 and 8500.
• Most Active Nifty Put Options: 8200 and 8000.
• Advance Decline for the day was 1040:528.
• McClellan's oscillator for NSE at +51.

NIFTY TECHNICAL

Current Spot: 8287.75
Pivot: 8279
5DEMA: 8205
10DEMA: 8189
20DEMA: 8159
50DEMA: 8047
Parabolic SAR: 7927
RSI (14 days): 60.91
Supports: 8251 - 8213 - 8184
Resistance: 8317 - 8345 - 8383

Nifty Future VWAP: 8305.52
Nifty Future VIX Range: 8251 - 8402
MP Values Nifty Future: VAH - 8316, POC - 8288, VAL - 8269

BANKNIFTY TECHNICAL

Current Spot: 17935.40
Pivot: 17902
5DEMA: 17725
10DEMA: 17689
20DEMA: 17608
50DEMA: 17242
Parabolic SAR: 16946
RSI (14 days): 60.76
Supports: 17829 - 17723 - 17650
Resistance: 18008 - 18081 - 18187

Bank Nifty Future VWAP: 17960.94
Bank Nifty Future VIX Range: 17803 - 18213
MP Values Bank Nifty Future: VAH - 18012, POC - 17969, VAL - 17926

Thanks and Regards

MarketPulse S&P