Market outlook for 06/07/2015

Nifty closed up 40.00 points (0.10%) at 8484.90 while Future closed at 8488.00, premium of 3.10 points.
Bank Nifty closed up 144.10 points (0.78%) at 18729.65 while Future closed at 18721.95, discount of 7.70 points.

• FII bought in Cash (Net buy 356.29 Crore)
• FII bought in index future, index option and in stock future (Net buy 2023.41 Crore)
• DII sold in Cash (Net sell 220.61 Crore)
• Most Active Nifty Call Option: 8500 and 8600.
• Most Active Nifty Put Options: 8400 and 8300.
• Advance Decline for the day was 783:711.
• McClellan's oscillator for NSE at +50.

NIFTY TECHNICAL

Current Spot: 8484.90
Pivot: 8469
5DEMA: 8431
10DEMA: 8376
20DEMA: 8315
50DEMA: 8322
RSI (14 days): 63.05
Parabolic SAR: 8287
Supports: 8440 - 8395 - 8367
Resistance: 8514 - 8543 - 8587

Nifty Future VWAP: 8474.18
Nifty Future VIX Range: 8420 - 8570
MP Values Nifty Future: VAH - 8491, POC - 8473, VAL - 8455

BANKNIFTY TECHNICAL

Current Spot: 18729.65
Pivot: 18674
5DEMA: 18545
10DEMA: 18391
20DEMA: 18226
50DEMA: 18185
RSI (14 days): 63.72
Parabolic SAR: 18033
Supports: 18591 - 18453 - 18370
Resistance: 18812 - 18895 - 19033

Bank Nifty Future VWAP: 18658.33
Bank Nifty Future VIX Range: 18524 - 18976
MP Values Bank Nifty Future: VAH - 18688, POC - 18639, VAL - 18590

Thanks and Regards

MarketPulse S&P