Market outlook for 04/07/2016

Nifty closed up 40.60 points (0.49%) at 8328.35 while Future closed at 8355.15, premium of 26.80 points.
Bank Nifty closed up 50.25 points (0.28%) at 17985.65 while Future closed at 18054.80, premium of 69.15 points.

• FII sold in Cash (Net sell 187.51 Crore)
• FII bought in index future, stock future and index option (Net buy 1289.41 Crore)
• DII bought in Cash (Net buy 907.05 Crore)
• Most Active Nifty Call Option: 8400 and 8500.
• Most Active Nifty Put Options: 8300 and 8200.
• Advance Decline for the day was 890:703.
• McClellan's oscillator for NSE at +50.

NIFTY TECHNICAL

Current Spot: 8328.35
Pivot: 8331
5DEMA: 8246
10DEMA: 8214
20DEMA: 8175
50DEMA: 8056
Parabolic SAR: 7936
RSI (14 days): 63.05
Supports: 8306 - 8283 - 8258
Resistance: 8354 - 8379 - 8402

Nifty Future VWAP: 8359.74
Nifty Future VIX Range: 8283 - 8434
MP Values Nifty Future: VAH - 8371, POC - 8362, VAL - 8353

BANKNIFTY TECHNICAL

Current Spot: 17985.65
Pivot: 18005
5DEMA: 17812
10DEMA: 17743
20DEMA: 17644
50DEMA: 17274
Parabolic SAR: 16969
RSI (14 days): 61.75
Supports: 17936 - 17886 - 17816
Resistance: 18055 - 18125 - 18175

Bank Nifty Future VWAP: 18092.83
Bank Nifty Future VIX Range: 17834 - 18236
MP Values Bank Nifty Future: VAH - 18111, POC - 18079, VAL - 18047

Thanks and Regards

MarketPulse S&P