Market outlook for 26/05/2016

Nifty closed up 186.05 points (2.40%) at 7934.90 while Future closed at 7943.00, premium of 8.10 points.
Bank Nifty closed up 540.80 points (3.29%) at 16997.45 while Future closed at 17013.60, premium of 16.15 points.

• FII bought in Cash (Net buy 495.08 Crore)
• FII bought in index future, index option and in stock future (Net buy 5707.20 Crore)
• DII bought in Cash (Net buy 337.22 Crore)
• Most Active Nifty Call Option: 7900 and 8000.
• Most Active Nifty Put Options: 7900 and 7800.
• Advance Decline for the day was 1073:471.
• McClellan's oscillator for NSE at -31.

NIFTY TECHNICAL

Current Spot: 7934.90
Pivot: 7895
5DEMA: 7826
10DEMA: 7821
20DEMA: 7812
50DEMA: 7692
Parabolic SAR: 7716
RSI (14 days): 60.39
Supports: 7849 - 7763 - 7717
Resistance: 7981 - 8027 - 8113

Nifty Future VWAP: 7886.69
Nifty Future VIX Range: 7871 - 8006
MP Values Nifty Future: VAH - 7934, POC - 7890, VAL - 7846

BANKNIFTY TECHNICAL

Current Spot: 16997.45
Pivot: 16874
5DEMA: 16676
10DEMA: 16647
20DEMA: 16574
50DEMA: 16085
Parabolic SAR: 16316
RSI (14 days): 64.39
Supports: 16722 - 16447 - 16296
Resistance: 17149 - 17301 - 17576

Bank Nifty Future VWAP: 16859.66
Bank Nifty Future VIX Range: 16789 - 17231
MP Values Bank Nifty Future: VAH - 17015, POC - 16868, VAL - 16721

Thanks and Regards

MarketPulse S&P