Market outlook for 04/05/2016

Nifty closed down 58.90 points (0.75%) at 7747.00 while Future closed at 7783.80, premium of 36.80 points.
Bank Nifty closed down 154.30 points (0.93%) at 16388.70 while Future closed at 16466.25, premium of 77.55 points.

• FII sold in Cash (Net sell 755.28 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 933.37 Crore)
• DII bought in Cash (Net buy 484.64 Crore)
• Most Active Nifty Call Option: 7900 and 8000.
• Most Active Nifty Put Options: 7800 and 7700.
• Advance Decline for the day was 667:892.
• McClellan's oscillator for NSE at -18.

NIFTY TECHNICAL

Current Spot: 7747.00
Pivot: 7791
5DEMA: 7820
10DEMA: 7832
20DEMA: 7786
50DEMA: 7634
Parabolic SAR: 7992
RSI (14 days): 49.92
Supports: 7691 - 7636 - 7536
Resistance: 7846 - 7946 - 8002

Nifty Future VWAP: 7849.44
Nifty Future VIX Range: 7703 - 7859
MP Values Nifty Future: VAH - 7886, POC - 7797, VAL - 7771

BANKNIFTY TECHNICAL

Current Spot: 16388.70
Pivot: 16489
5DEMA: 16586
10DEMA: 16550
20DEMA: 16329
50DEMA: 15789
Parabolic SAR: 16189
RSI (14 days): 54.89
Supports: 16258 - 16128 - 15897
Resistance: 16619 - 16850 - 16980

Bank Nifty Future VWAP: 16615.05
Bank Nifty Future VIX Range: 16261 - 16708
MP Values Bank Nifty Future: VAH - 16812, POC - 16753, VAL - 16522

Thanks and Regards

MarketPulse S&P