Market outlook for 28/05/2015

Nifty closed down 4.75 points (0.06%) at 8334.60 while Future closed at 8331.75, discount of 2.85 points.
Bank Nifty closed up 209.55 points (1.14%) at 18538.85 while Future closed at 18513.60, discount of 25.25 points.

• FII sold huge in Cash (Net sell 934.98 Crore)
• FII sold in index future, stock future and in index option (Net sell 800.65 Crore)
• DII bought in Cash (Net buy 594.03 Crore)
• Most Active Nifty Call Option: 8300 and 8400.
• Most Active Nifty Put Options: 8300 and 8200.
• Advance Decline for the day was 656:825.
• McClellan's oscillator for NSE at +00.

NIFTY TECHNICAL

Current Spot: 8334.60
Pivot: 8318
5DEMA: 8360
10DEMA: 8351
20DEMA: 8347
50DEMA: 8447
RSI (14 days): 48.07
Parabolic SAR: 8251
Supports: 8294 - 8254 - 8229
Resistance: 8359 - 8383 - 8424

Nifty Future VWAP: 8314.20
Nifty Future VIX Range: 8249 - 8429
MP Values Nifty Future: VAH - 8335, POC - 8319, VAL - 8303

BANKNIFTY TECHNICAL

Current Spot: 18538.85
Pivot: 18446
5DEMA: 18424
10DEMA: 18358
20DEMA: 18302
50DEMA: 18421
RSI (14 days): 54.75
Parabolic SAR: 17912
Supports: 18330 - 18120 - 18004
Resistance: 18655 - 18771 - 18980

Bank Nifty Future VWAP: 18409.12
Bank Nifty Future VIX Range: 18252 - 18799
MP Values Bank Nifty Future: VAH - 18532, POC - 18433, VAL - 18334

Thanks and Regards

MarketPulse S&P