Market outlook for 09/05/2016

Nifty closed down 2.05 points (0.03%) at 7733.45 while Future closed at 7760.25, premium of 26.80 points.
Bank Nifty closed up 15.60 points (0.10%) at 16296.60 while Future closed at 16378.70, premium of 82.10 points.

• FII bought in Cash (Net bought 27.71 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 1057.51 Crore)
• DII bought in Cash (Net buy 179.80 Crore)
• Most Active Nifty Call Option: 7800 and 7900.
• Most Active Nifty Put Options: 7700 and 7600.
• Advance Decline for the day was 675:857.
• McClellan's oscillator for NSE at -39.

NIFTY TECHNICAL

Current Spot: 7733.45
Pivot: 7717
5DEMA: 7756
10DEMA: 7785
20DEMA: 7770
50DEMA: 7646
Parabolic SAR: 7963
RSI (14 days): 48.94
Supports: 7695 - 7656 - 7634
Resistance: 7755 - 7777 - 7816

Nifty Future VWAP: 7736.27
Nifty Future VIX Range: 7692 - 7837
MP Values Nifty Future: VAH - 7766, POC - 7744, VAL - 7722

BANKNIFTY TECHNICAL

Current Spot: 16296.60
Pivot: 16276
5DEMA: 16376
10DEMA: 16431
20DEMA: 16318
50DEMA: 15863
Parabolic SAR: 17013
RSI (14 days): 52.18
Supports: 16206 - 16116 - 16046
Resistance: 16366 - 16436 - 16526

Bank Nifty Future VWAP: 16346.85
Bank Nifty Future VIX Range: 16191 - 16599
MP Values Bank Nifty Future: VAH - 16387, POC - 16349, VAL - 16311

Thanks and Regards

MarketPulse S&P