Market outlook for 03/06/2015

Nifty closed down 196.95 points (2.34%) at 8236.45 while Future closed at 8225.35, discount of 11.10 points.
Bank Nifty closed down 639.70 points (3.44%) at 17977.30 while Future closed at 17937.15, discount of 40.15 points.

• FII sold in Cash (Net sell 594.14 Crore)
• FII sold in index future but bought in stock future, index option (Net sell 1101.83 Crore)
• DII bought in Cash (Net buy 271.64 Crore)
• Most Active Nifty Call Option: 8400 and 8500.
• Most Active Nifty Put Options: 8300 and 8200.
• Advance Decline for the day was 292:1206.
• McClellan's oscillator for NSE at -24.

NIFTY TECHNICAL

Current Spot: 8236.45
Pivot: 8303
5DEMA: 8342
10DEMA: 8348
20DEMA: 8349
50DEMA: 8442
RSI (14 days): 42.79
Parabolic SAR: 8490
Supports: 8160 - 8083 - 7941
Resistance: 8379 - 8522 - 8598

Nifty Future VWAP: 8313.97
Nifty Future VIX Range: 8121 - 8319
MP Values Nifty Future: VAH - 8396, POC - 8341, VAL - 8286

BANKNIFTY TECHNICAL

Current Spot: 17977.30
Pivot: 18189
5DEMA: 18364
10DEMA: 18381
20DEMA: 18343
50DEMA: 18499
RSI (14 days): 42.94
Parabolic SAR: 18833
Supports: 17721 - 17465 - 16997
Resistance: 18445 - 18912 - 19169

Bank Nifty Future VWAP: 18284.40
Bank Nifty Future VIX Range: 17621 - 18219
MP Values Bank Nifty Future: VAH - 18575, POC - 18327, VAL - 18079

Thanks and Regards

MarketPulse S&P