Market outlook for 31/05/2016

Nifty closed up 21.85 points (0.27%) at 8178.50 while Future closed at 8194.45, premium of 15.80 points.
Bank Nifty closed up 8.85 points (0.05%) at 17520.65 while Future closed at 17491.40, discount of 13.00 points.

• FII bought in Cash (Net buy 355.54 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1508.36 Crore)
• DII sold in Cash (Net sell 211.09 Crore)
• Most Active Nifty Call Option: 8200 and 8300.
• Most Active Nifty Put Options: 8100 and 8000.
• Advance Decline for the day was 775:790.
• McClellan's oscillator for NSE at -00.

NIFTY TECHNICAL

Current Spot: 8178.50
Pivot: 8176
5DEMA: 8053
10DEMA: 7966
20DEMA: 7898
50DEMA: 7766
Parabolic SAR: 7768
RSI (14 days): 70.46
Supports: 8153 - 8127 - 8104
Resistance: 8202 - 8226 - 8251

Nifty Future VWAP: 8196.72
Nifty Future VIX Range: 8103 - 8273
MP Values Nifty Future: VAH - 8213, POC - 8200, VAL - 8187

BANKNIFTY TECHNICAL

Current Spot: 17520.65
Pivot: 17557
5DEMA: 17245
10DEMA: 17021
20DEMA: 16809
50DEMA: 16320
Parabolic SAR: 16530
RSI (14 days): 71.94
Supports: 17448 - 17376 - 17267
Resistance: 17630 - 17738 - 17811

Bank Nifty Future VWAP: 17542.55
Bank Nifty Future VIX Range: 17275 - 17725
MP Values Bank Nifty Future: VAH - 17579, POC - 17529, VAL - 17479

Thanks and Regards

MarketPulse S&P