Market outlook for 28/04/2015

Nifty closed down 91.45 points (1.10%) at 8213.80 while Future closed at 8223.00, premium of 9.20 points.
Bank Nifty closed down 234.30 points (1.30%) at 17767.60 while Future closed at 17790.20, premium of 22.60 points.

• FII sold huge in Cash (Net sell 1749.33 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 293.19 Crore)
• DII bought in Cash (Net buy 1667.54 Crore)
• Most Active Nifty Call Option: 8300 and 8400.
• Most Active Nifty Put Options: 8300 and 8200.
• Advance Decline for the day was 246:1277.
• McClellan's oscillator for NSE at -62.

NIFTY TECHNICAL

Current Spot: 8213.80
Pivot: 8250
5DEMA: 8346
10DEMA: 8442
20DEMA: 8526
50DEMA: 8636
RSI (14 days): 29.84
Parabolic SAR: 8707
Supports: 8166 - 8118 - 8034
Resistance: 8298 - 8382 - 8430

Nifty Future VWAP: 8260.02
Nifty Future VIX Range: 8134 - 8292
MP Values Nifty Future: VAH - 8287, POC - 8258, VAL - 8229

BANKNIFTY TECHNICAL

Current Spot: 17767.60
Pivot: 17861
5DEMA: 18046
10DEMA: 18204
20DEMA: 18378
50DEMA: 18794
RSI (14 days): 33.46
Parabolic SAR: 18853
Supports: 17646 - 17524 - 17309
Resistance: 17983 - 18198 - 18319

Bank Nifty Future VWAP: 17896.62
Bank Nifty Future VIX Range: 17567 - 18024
MP Values Bank Nifty Future: VAH - 18009, POC - 17919, VAL - 17829

Thanks and Regards

MarketPulse S&P