Market outlook for 11/05/2015

Nifty closed up 134.20 points (1.67%) at 8191.50 while Future closed at 8210.55, premium of 19.05 points.
Bank Nifty closed up 419.70 points (2.42%) at 17796.60 while Future closed at 17818.55, premium of 21.95 points.

• FII sold in Cash (Net sell 437.56 Crore)
• FII bought in index future, index option and in stock future (Net buy 3404.65 Crore)
• DII bought huge in Cash (Net buy 1114.38 Crore)
• Most Active Nifty Call Option: 8300 and 8500.
• Most Active Nifty Put Options: 8100 and 8000.
• Advance Decline for the day was 1159:350.
• McClellan's oscillator for NSE at -04.

NIFTY TECHNICAL

Current Spot: 8191.50
Pivot: 8180
5DEMA: 8179
10DEMA: 8241
20DEMA: 8347
50DEMA: 8487
RSI (14 days): 40.29
Parabolic SAR: 8272
Supports: 8135 - 8078 - 8033
Resistance: 8236 - 8281 - 8338

Nifty Future VWAP: 8201.86
Nifty Future VIX Range: 8118 - 8318
MP Values Nifty Future: VAH - 8247, POC - 8219, VAL - 8182

BANKNIFTY TECHNICAL

Current Spot: 17796.60
Pivot: 17768
5DEMA: 17874
10DEMA: 18025
20DEMA: 18189
50DEMA: 18428
RSI (14 days): 42.20
Parabolic SAR: 18473
Supports: 17629 - 17461 - 17321
Resistance: 17936 - 18075 - 18243

Bank Nifty Future VWAP: 17773.06
Bank Nifty Future VIX Range: 17501 - 18097
MP Values Bank Nifty Future: VAH - 17877, POC - 17776, VAL - 17675

Thanks and Regards

MarketPulse S&P