Market outlook for 05/05/2015

Nifty closed up 150.45 points (1.84%) at 8331.95 while Future closed at 8372.25, premium of 40.30 points.
Bank Nifty closed up 163.20 points (0.89%) at 18501.30 while Future closed at 18599.20, premium of 97.90 points.

• FII bought in Cash (Net buy 60.53 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 2862.12 Crore)
• DII bought in Cash (Net buy 146.80 Crore)
• Most Active Nifty Call Option: 8400 and 8500.
• Most Active Nifty Put Options: 8200 and 8100.
• Advance Decline for the day was 1204:324.
• McClellan's oscillator for NSE at +20.

NIFTY TECHNICAL

Current Spot: 8331.95
Pivot: 8299
5DEMA: 8283
10DEMA: 8343
20DEMA: 8438
50DEMA: 8564
RSI (14 days): 41.99
Parabolic SAR: 8488
Supports: 8253 - 8174 - 8127
Resistance: 8378 - 8425 - 8504

Nifty Future VWAP: 8325.96
Nifty Future VIX Range: 8292 - 8470
MP Values Nifty Future: VAH - 8352, POC - 8322, VAL - 8292

BANKNIFTY TECHNICAL

Current Spot: 18501.30
Pivot: 18480
5DEMA: 18320
10DEMA: 18294
20DEMA: 18368
50DEMA: 18608
RSI (14 days): 51.47
Parabolic SAR: 18609
Supports: 18373 - 18244 - 18137
Resistance: 18608 - 18715 - 18843

Bank Nifty Future VWAP: 18591.60
Bank Nifty Future VIX Range: 18362 - 18852
MP Values Bank Nifty Future: VAH - 18674, POC - 18608, VAL - 18542

Thanks and Regards

MarketPulse S&P