Market outlook for 10/05/2016

Nifty closed up 132.60 points (1.71%) at 7866.05 while Future closed at 7904.30, premium of 38.25 points.
Bank Nifty closed up 389.50 points (2.39%) at 16686.10 while Future closed at 16772.00, premium of 85.90 points.

• FII bought in Cash (Net bought 224.40 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1909.39 Crore)
• DII bought in Cash (Net buy 350.60 Crore)
• Most Active Nifty Call Option: 7900 and 8000.
• Most Active Nifty Put Options: 7800 and 7700.
• Advance Decline for the day was 1101:471.
• McClellan's oscillator for NSE at -13.

NIFTY TECHNICAL

Current Spot: 7866.05
Pivot: 7831
5DEMA: 7792
10DEMA: 7799
20DEMA: 7779
50DEMA: 7647
Parabolic SAR: 7946
RSI (14 days): 57.91
Supports: 7789 - 7711 - 7668
Resistance: 7909 - 7951 - 8029

Nifty Future VWAP: 7866.58
Nifty Future VIX Range: 7798 - 7934
MP Values Nifty Future: VAH - 7895, POC - 7859, VAL - 7823

BANKNIFTY TECHNICAL

Current Spot: 16296.60
Pivot: 16585
5DEMA: 16479
10DEMA: 16477
20DEMA: 16353
50DEMA: 15880
Parabolic SAR: 16980
RSI (14 days): 60.72
Supports: 16458 - 16229 - 16102
Resistance: 16814 - 16941 - 17170

Bank Nifty Future VWAP: 16659.16
Bank Nifty Future VIX Range: 16555 - 17005
MP Values Bank Nifty Future: VAH - 16732, POC - 16623, VAL - 16514

Thanks and Regards

MarketPulse S&P