Market outlook for 02/06/2016

Nifty closed up 19.85 points (0.24%) at 8179.95 while Future closed at 8194.55, premium of 14.60 points.
Bank Nifty closed down 197.45 points (1.12%) at 17423.45 while Future closed at 17419.70, discount of 3.75 points.

• FII bought in Cash (Net buy 259.90 Crore)
• FII bought in stock future, index option but sold in index future (Net buy 673.69 Crore)
• DII sold in Cash (Net sell 160.49 Crore)
• Most Active Nifty Call Option: 8200 and 8300.
• Most Active Nifty Put Options: 8100 and 8000.
• Advance Decline for the day was 873:684.
• McClellan's oscillator for NSE at -01.

NIFTY TECHNICAL

Current Spot: 8179.95
Pivot: 8189
5DEMA: 8119
10DEMA: 8034
20DEMA: 7947
50DEMA: 7797
Parabolic SAR: 7845
RSI (14 days): 69.66
Supports: 8162 - 8144 - 8118
Resistance: 8207 - 8233 - 8251

Nifty Future VWAP: 8200.59
Nifty Future VIX Range: 8117 - 8277
MP Values Nifty Future: VAH - 8208, POC - 8195, VAL - 8182

BANKNIFTY TECHNICAL

Current Spot: 17423.45
Pivot: 17496
5DEMA: 17388
10DEMA: 17183
20DEMA: 16937
50DEMA: 16412
Parabolic SAR: 16747
RSI (14 days): 66.41
Supports: 17321 - 17218 - 17043
Resistance: 17599 - 17774 - 17877

Bank Nifty Future VWAP: 17499.16
Bank Nifty Future VIX Range: 17235 - 17669
MP Values Bank Nifty Future: VAH - 17581, POC - 17497, VAL - 17413

Thanks and Regards

MarketPulse S&P