Market outlook for 06/05/2016

Nifty closed up 28.95 points (0.38%) at 7735.50 while Future closed at 7773.10, premium of 37.60 points.
Bank Nifty closed up 6.75 points (0.04%) at 16281.00 while Future closed at 16384.45, premium of 103.45 points.

• FII sold in Cash (Net sell 388.51 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 92.29 Crore)
• DII bought in Cash (Net buy 251.79 Crore)
• Most Active Nifty Call Option: 7800 and 7900.
• Most Active Nifty Put Options: 7700 and 7600.
• Advance Decline for the day was 737:804.
• McClellan's oscillator for NSE at -38.

NIFTY TECHNICAL

Current Spot: 7735.50
Pivot: 7740
5DEMA: 7767
10DEMA: 7796
20DEMA: 7775
50DEMA: 7653
Parabolic SAR: 7975
RSI (14 days): 48.90
Supports: 7702 - 7669 - 7632
Resistance: 7773 - 7811 - 7844

Nifty Future VWAP: 7768.66
Nifty Future VIX Range: 7698 - 7848
MP Values Nifty Future: VAH - 7788, POC - 7765, VAL - 7742

BANKNIFTY TECHNICAL

Current Spot: 16281.00
Pivot: 16291
5DEMA: 16415
10DEMA: 16460
20DEMA: 16321
50DEMA: 15857
Parabolic SAR: 17030
RSI (14 days): 51.79
Supports: 16184 - 16086 - 15979
Resistance: 16388 - 16496 - 16593

Bank Nifty Future VWAP: 16390.58
Bank Nifty Future VIX Range: 16181 - 16603
MP Values Bank Nifty Future: VAH - 16450, POC - 16401, VAL - 16352

Thanks and Regards

MarketPulse S&P