Market outlook for 03/05/2016

Nifty closed down 43.90 points (0.56%) at 7805.90 while Future closed at 7840.10, premium of 34.20 points.
Bank Nifty closed down 252.00 points (1.50%) at 16543.00 while Future closed at 16620.80, premium of 77.80 points.

• FII bought in Cash (Net buy 434.93 Crore)
• FII sold in index option, index future and in stock future (Net sell 1839.03 Crore)
• DII sold in Cash (Net sell 109.56 Crore)
• Most Active Nifty Call Option: 7900 and 8000.
• Most Active Nifty Put Options: 7800 and 7700.
• Advance Decline for the day was 763:813.
• McClellan's oscillator for NSE at -11.

NIFTY TECHNICAL

Current Spot: 7805.90
Pivot: 7804
5DEMA: 7857
10DEMA: 7851
20DEMA: 7790
50DEMA: 7639
Parabolic SAR: 7777
RSI (14 days): 53.82
Supports: 7779 - 7752 - 7726
Resistance: 7831 - 7857 - 7884

Nifty Future VWAP: 7837.49
Nifty Future VIX Range: 7760 - 7920
MP Values Nifty Future: VAH - 7851, POC - 7838, VAL - 7825

BANKNIFTY TECHNICAL

Current Spot: 16543.00
Pivot: 16579
5DEMA: 16684
10DEMA: 16586
20DEMA: 16324
50DEMA: 15787
Parabolic SAR: 16116
RSI (14 days): 58.73
Supports: 16484 - 16424 - 16329
Resistance: 16638 - 16734 - 16793

Bank Nifty Future VWAP: 16670.89
Bank Nifty Future VIX Range: 16398 - 16856
MP Values Bank Nifty Future: VAH - 16731, POC - 16691, VAL - 16651

Thanks and Regards

MarketPulse S&P