Market outlook for 05/05/2016

Nifty closed down 40.45 points (0.52%) at 7706.55 while Future closed at 7732.75, premium of 26.20 points.
Bank Nifty closed down 114.45 points (0.70%) at 16274.25 while Future closed at 16360.70, premium of 86.45 points.

• FII sold in Cash (Net sell 66.45 Crore)
• FII sold in index future, stock future and in index option (Net sell 2467.17 Crore)
• DII sold in Cash (Net sell 78.80 Crore)
• Most Active Nifty Call Option: 7800 and 7900.
• Most Active Nifty Put Options: 7700 and 7600.
• Advance Decline for the day was 367:1193.
• McClellan's oscillator for NSE at -42.

NIFTY TECHNICAL

Current Spot: 7706.55
Pivot: 7718
5DEMA: 7782
10DEMA: 7809
20DEMA: 7778
50DEMA: 7641
Parabolic SAR: 7986
RSI (14 days): 47.11
Supports: 7686 - 7666 - 7634
Resistance: 7738 - 7769 - 7790

Nifty Future VWAP: 7755.41
Nifty Future VIX Range: 7657 - 7809
MP Values Nifty Future: VAH - 7774, POC - 7757, VAL - 7740

BANKNIFTY TECHNICAL

Current Spot: 16274.25
Pivot: 16330
5DEMA: 16482
10DEMA: 16500
20DEMA: 16324
50DEMA: 15811
Parabolic SAR: 16251
RSI (14 days): 51.98
Supports: 16195 - 16115 - 15980
Resistance: 16410 - 16545 - 16625

Bank Nifty Future VWAP: 16434.92
Bank Nifty Future VIX Range: 16139 - 16573
MP Values Bank Nifty Future: VAH - 16482, POC - 16423, VAL - 16364

Thanks and Regards

MarketPulse S&P