Market outlook for 30/05/2016

Nifty closed up 87.00 points (1.08%) at 8156.65 while Future closed at 8172.45, premium of 15.80 points.
Bank Nifty closed up 152.5 points (0.88%) at 17511.80 while Future closed at 17491.40, discount of 20.40 points.

• FII bought in Cash (Net buy 479.89 Crore)
• FII bought in index future, index option and in stock future (Net buy 5202.09 Crore)
• DII bought in Cash (Net buy 69.34 Crore)
• Most Active Nifty Call Option: 8200 and 8300.
• Most Active Nifty Put Options: 8000 and 7900.
• Advance Decline for the day was 919:630.
• McClellan's oscillator for NSE at -02.

NIFTY TECHNICAL

Current Spot: 8156.65
Pivot: 8133
5DEMA: 7990
10DEMA: 7919
20DEMA: 7867
50DEMA: 7726
Parabolic SAR: 7741
RSI (14 days): 69.95
Supports: 8101 - 8045 - 8014
Resistance: 8188 - 8220 - 8275

Nifty Future VWAP: 8023.82
Nifty Future VIX Range: 8083 - 8257
MP Values Nifty Future: VAH - 8166, POC - 8135, VAL - 8104

BANKNIFTY TECHNICAL

Current Spot: 17511.80
Pivot: 17461
5DEMA: 17107
10DEMA: 16910
20DEMA: 16732
50DEMA: 16225
Parabolic SAR: 16432
RSI (14 days): 72.00
Supports: 1737 - 17245 - 17163
Resistance: 17594 - 17677 - 17810

Bank Nifty Future VWAP: 17154.09
Bank Nifty Future VIX Range: 17263 - 17727
MP Values Bank Nifty Future: VAH - 17467, POC - 17421, VAL - 17375

Thanks and Regards

MarketPulse S&P