Market outlook for 01/06/2015

Nifty closed up 114.65 points (1.38%) at 8433.65 while Future closed at 8458.65, premium of 25.00 points.
Bank Nifty closed up 272.15 points (1.48%) at 18721.35 while Future closed at 18764.15, premium of 42.80 points.

• FII bought huge in Cash (Net buy 2284.30 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 5384.28 Crore)
• DII sold huge in Cash (Net sell 2267.88 Crore)
• Most Active Nifty Call Option: 8500 and 8600.
• Most Active Nifty Put Options: 8300 and 8000.
• Advance Decline for the day was 861:622.
• McClellan's oscillator for NSE at +08.

NIFTY TECHNICAL

Current Spot: 8433.65
Pivot: 8394
5DEMA: 8376
10DEMA: 8360
20DEMA: 8353
50DEMA: 8451
RSI (14 days): 53.59
Parabolic SAR: 8270
Supports: 8345 - 8256 - 8207
Resistance: 8483 - 8533 - 8621

Nifty Future VWAP: 8417.83
Nifty Future VIX Range: 8373 - 8558
MP Values Nifty Future: VAH - 8444, POC - 8398, VAL - 8352

BANKNIFTY TECHNICAL

Current Spot: 18721.35
Pivot: 18645
5DEMA: 18529
10DEMA: 18438
20DEMA: 18357
50DEMA: 18516
RSI (14 days): 57.10
Parabolic SAR: 18072
Supports: 18538 - 18355 - 18248
Resistance: 18828 - 18934 - 19118

Bank Nifty Future VWAP: 18667.62
Bank Nifty Future VIX Range: 18497 - 19043
MP Values Bank Nifty Future: VAH - 18735, POC - 18634, VAL - 18533

Thanks and Regards

MarketPulse S&P