Market outlook for 05/07/2016

Nifty closed up 42.35 points (0.51%) at 8370.70 while Future closed at 8387.35, premium of 16.65 points.
Bank Nifty closed up 112.00 points (0.62%) at 18097.65 while Future closed at 18143.70, premium of 46.05 points.

• FII bought in Cash (Net buy 182.28 Crore)
• FII bought in index future, stock future and index option (Net buy 1302.53 Crore)
• DII bought in Cash (Net buy 377.45 Crore)
• Most Active Nifty Call Option: 8400 and 8500.
• Most Active Nifty Put Options: 8300 and 8200.
• Advance Decline for the day was 1071:521.
• McClellan's oscillator for NSE at +61.

NIFTY TECHNICAL

Current Spot: 8370.70
Pivot: 8378
5DEMA: 8288
10DEMA: 8243
20DEMA: 8194
50DEMA: 8072
Parabolic SAR: 7954
RSI (14 days): 65.08
Supports: 8357 - 8344 - 8324
Resistance: 8391 - 8412 - 8425

Nifty Future VWAP: 8394.35
Nifty Future VIX Range: 8313 - 8461
MP Values Nifty Future: VAH - 8400, POC - 8392, VAL - 8384

BANKNIFTY TECHNICAL

Current Spot: 18097.65
Pivot: 18100
5DEMA: 17907
10DEMA: 17808
20DEMA: 17688
50DEMA: 17307
Parabolic SAR: 17016
RSI (14 days): 63.96
Supports: 18053 - 18008 - 17961
Resistance: 18144 - 18191 - 18236

Bank Nifty Future VWAP: 18148.33
Bank Nifty Future VIX Range: 17952 - 18348
MP Values Bank Nifty Future: VAH - 18159, POC - 18142, VAL - 18125

Thanks and Regards

MarketPulse S&P