Market outlook for 29/05/2015

Nifty closed down 15.60 points (0.19%) at 8319.00 while Future closed at 8318.55, discount of 0.45 points.
Bank Nifty closed down 89.65 points (0.48%) at 18449.20 while Future closed at 18491.25, premium of 42.05 points.

• FII sold in Cash (Net sell 792.54 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1282.16 Crore)
• DII bought in Cash (Net buy 683.29 Crore)
• Most Active Nifty Call Option: 8400 and 8500.
• Most Active Nifty Put Options: 8300 and 8000.
• Advance Decline for the day was 641:825.
• McClellan's oscillator for NSE at -03.

NIFTY TECHNICAL

Current Spot: 8319.00
Pivot: 8318
5DEMA: 8347
10DEMA: 8343
20DEMA: 8344
50DEMA: 8447
RSI (14 days): 47.04
Parabolic SAR: 8270
Supports: 8271 - 8224 - 8177
Resistance: 8366 - 8412 - 8460

Nifty Future VWAP: 8318.48
Nifty Future VIX Range: 8233 - 8407
MP Values Nifty Future: VAH - 8328, POC - 8294, VAL - 8276

BANKNIFTY TECHNICAL

Current Spot: 18449.20
Pivot: 18490
5DEMA: 18432
10DEMA: 18375
20DEMA: 18318
50DEMA: 18478
RSI (14 days): 52.36
Parabolic SAR: 17996
Supports: 18341 - 18232 - 18083
Resistance: 18599 - 18748 - 18857

Bank Nifty Future VWAP: 18511.26
Bank Nifty Future VIX Range: 18248 - 18780
MP Values Bank Nifty Future: VAH - 18542, POC - 18470, VAL - 18415

Thanks and Regards

MarketPulse S&P