Market outlook for 07/07/2015

Nifty closed up 37.25 points (0.44%) at 8522.15 while Future closed at 8537.75, premium of 15.60 points.
Bank Nifty closed up 95.50 points (0.51%) at 18825.15 while Future closed at 18859.35, premium of 34.20 points.

• FII bought in Cash (Net buy 149.37 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 1061.72 Crore)
• DII sold in Cash (Net sell 409.66 Crore)
• Most Active Nifty Call Option: 8500 and 8600.
• Most Active Nifty Put Options: 8300 and 8200.
• Advance Decline for the day was 1036:468.
• McClellan's oscillator for NSE at +64.

NIFTY TECHNICAL

Current Spot: 8522.15
Pivot: 8480
5DEMA: 8461
10DEMA: 8403
20DEMA: 8335
50DEMA: 8330
RSI (14 days): 64.94
Parabolic SAR: 8326
Supports: 8428 - 8333 - 8281
Resistance: 8575 - 8627 - 8722
Nifty Future VWAP: 8457.29
Nifty Future VIX Range: 8463 - 8611
MP Values Nifty Future: VAH - 8474, POC - 8430, VAL - 8390

BANKNIFTY TECHNICAL

Current Spot: 18825.15
Pivot: 18699
5DEMA: 18639
10DEMA: 18470
20DEMA: 18283
50DEMA: 18210
RSI (14 days): 65.40
Parabolic SAR: 18165
Supports: 18543 - 18261 - 18104
Resistance: 18982 - 19138 - 19420
Bank Nifty Future VWAP: 18635.39
Bank Nifty Future VIX Range: 18645 - 19091
MP Values Bank Nifty Future: VAH - 18695, POC - 18535, VAL - 18413

Thanks and Regards

MarketPulse S&P