Market outlook for 07/05/2015

Nifty closed down 227.80 points (2.74%) at 8097.00 while Future closed at 8121.75, premium of 24.75 points.
Bank Nifty closed down 671.90 points (3.64%) at 17799.55 while Future closed at 17840.55, premium of 41.00 points.

• FII sold huge in Cash (Net sell 1699.60 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 871.33 Crore)
• DII bought huge in Cash (Net buy 1454.97 Crore)
• Most Active Nifty Call Option: 8400 and 8500.
• Most Active Nifty Put Options: 8100 and 8000.
• Advance Decline for the day was 178:1337.
• McClellan's oscillator for NSE at -19.

NIFTY TECHNICAL

Current Spot: 8097.00
Pivot: 8171
5DEMA: 8230
10DEMA: 8295
20DEMA: 8396
50DEMA: 8531
RSI (14 days): 33.13
Parabolic SAR: 8390
Supports: 8009 - 7922 - 7760
Resistance: 8258 - 8420 - 8507
Nifty Future VWAP: 8187.10
Nifty Future VIX Range: 8023 - 8222
MP Values Nifty Future: VAH - 8261, POC - 8183, VAL - 8112

BANKNIFTY TECHNICAL

Current Spot: 17799.55
Pivot: 18046
5DEMA: 18180
10DEMA: 18231
20DEMA: 18322
50DEMA: 18535
RSI (14 days): 38.70
Parabolic SAR: 18580
Supports: 17511 - 17223 - 16689
Resistance: 18334 - 18868 - 19156
Bank Nifty Future VWAP: 18082.47
Bank Nifty Future VIX Range: 17545 - 18105
MP Values Bank Nifty Future: VAH - 18271, POC - 18040, VAL - 17809

Thanks and Regards

MarketPulse S&P