Market outlook for 27/05/2016

Nifty closed up 134.75 points (1.70%) at 8069.65 while Future closed at 8069.65, premium of 0.00 points.
Bank Nifty closed up 361.85 points (2.13%) at 17359.30 while Future closed at 17293.85, discount of 65.45 points.

• FII bought in Cash (Net buy 581.29 Crore)
• FII bought in index future, index option and in stock future (Net buy 5712.89 Crore)
• DII bought in Cash (Net buy 685.37 Crore)
• Most Active Nifty Call Option: 8000 and 8100.
• Most Active Nifty Put Options: 7900 and 7800.
• Advance Decline for the day was 916:627.
• McClellan's oscillator for NSE at -15.

NIFTY TECHNICAL

Current Spot: 8069.65
Pivot: 8034
5DEMA: 7907
10DEMA: 7866
20DEMA: 7837
50DEMA: 7713
Parabolic SAR: 7723
RSI (14 days): 66.52
Supports: 7984 - 7899 - 7850
Resistance: 8119 - 8168 - 8253

Nifty Future VWAP: 8023.82
Nifty Future VIX Range: 7997 - 8167
MP Values Nifty Future: VAH - 8078, POC - 8041, VAL - 8004

BANKNIFTY TECHNICAL

Current Spot: 17359.30
Pivot: 17252
5DEMA: 16904
10DEMA: 16776
20DEMA: 16650
50DEMA: 16157
Parabolic SAR: 16361
RSI (14 days): 70.01
Supports: 17079 - 16799 - 16626
Resistance: 17532 - 17704 - 17984

Bank Nifty Future VWAP: 17154.09
Bank Nifty Future VIX Range: 17070 - 17538
MP Values Bank Nifty Future: VAH - 17334, POC - 17198, VAL - 17154

Thanks and Regards

MarketPulse S&P