Market outlook for 06/06/2016

Nifty closed up 1.85 points (0.02%) at 8220.80 while Future closed at 8238.90, premium of 18.10 points.
Bank Nifty closed up 113.00 points (0.64%) at 17680.80 while Future closed at 17655.85, discount of 24.95 points.

• FII bought huge in Cash (Net buy 1585.01 Crore)
• FII bought in index future, stock future but sold in index option (Net buy 437.02 Crore)
• DII sold in Cash (Net sell 393.21 Crore)
• Most Active Nifty Call Option: 8300 and 8400.
• Most Active Nifty Put Options: 8200 and 8100.
• Advance Decline for the day was 670:891.
• McClellan's oscillator for NSE at -05.

NIFTY TECHNICAL

Current Spot: 8220.80
Pivot: 8231
5DEMA: 8175
10DEMA: 8095
20DEMA: 7997
50DEMA: 7852
Parabolic SAR: 7943
RSI (14 days): 70.99
Supports: 8200 - 8179 - 8148
Resistance: 8252 - 8283 - 8304

Nifty Future VWAP: 8251.17
Nifty Future VIX Range: 8157 - 8310
MP Values Nifty Future: VAH - 8266, POC - 8254, VAL - 8242

BANKNIFTY TECHNICAL

Current Spot: 17680.80
Pivot: 17697
5DEMA: 17525
10DEMA: 17331
20DEMA: 17064
50DEMA: 16584
Parabolic SAR: 16966
RSI (14 days): 70.05
Supports: 17633 - 17584 - 17520
Resistance: 17746 - 17810 - 17859

Bank Nifty Future VWAP: 17678.01
Bank Nifty Future VIX Range: 17439 - 17861
MP Values Bank Nifty Future: VAH - 17699, POC - 17674, VAL - 17649

Thanks and Regards

MarketPulse S&P