Advice for – Tuesday, June 30, 2015

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Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative and saw a sharp downfall. EquityPandit predicted that market would see a sharp downfall and traders can go short with the target of 18000-17800 for BankNifty and 8200 levels for Nifty, which would act as strong support levels. EquityPandit also predicted that one can take the short position home if BankNifty closes below levels of 18147 on spot basis else should consider market is positive trend and exactly same happened. Indian Stock Market moved down sharply and saw lows right near EquityPandit’s predicted support levels of 8200 for Nifty and 17800 levels for BankNifty. Market recovered sharply from EquityPandit’s predicted support levels but anyhow closed negative for the day. Finally, Nifty closed right on EquityPandit’s predicted support levels of 8320. Traders who followed EquityPandit’s advice might have earned huge profits for the day on both sides of trade.

Today: Indian Stock Market to open negative.Today, Indian Stock Market may see some profit booking but overall market is still in positive trend. BankNifty would enter into negative trend, if it breaches spot levels of 18147 on closing basis. Till then, traders can continue to hold their long position. 18147 is an important level for BankNifty on spot basis, below which we have shorting opportunity and above which, traders should go long in the market. Nifty has entered into weekly buying mode and hence overall market is in positive trend on weekly basis. Profit booking can take market near to the levels of 8200-8100 but that would be an excellent opportunity for traders to go long. Overall, market would see a sideways movement between 8100-8490 levels for Nifty for next couple of days. Breaching levels of 8490 would force market to see new highs but before that we would see sharp profit booking taking market near to 8200-8100 levels couple of times. FIIs were net sellers of Rs.711.88 crores whereas DIIs were net buyers of Rs.906.38 crores in last trading session. Nifty would see strong support at 8260-8200-8100 whereas strong resistance would be seen at 8365-8446-8490 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (8318) The support for the Nifty is 8260-8200-8100 and the resistance to the up move is at 8365-8446-8490 levels.

NSE BankNifty: (18241) The support for BankNifty is at 18060-17950-17800 and the resistance to the up move is at 18300-18500-18640 levels.

BSE Sensex: (27645) The support for the Sensex is at 27568-27450-27300-27200 and the resistance to the up move is at 27720-27970-28071 levels.

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Advice for – Monday, June 29, 2015

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Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative. EquityPandit predicted that some sharp profit booking would definitely be seen but BankNifty needs to close above 18500 to see further positive movement and till then market would consolidate in a rangebound region and exactly same happened. Indian Stock Market saw a sharp profit booking but finally recovered from day lows. Nifty, BankNifty and Sensex remained rangebound between EquityPandit’s predicted support and resistance levels. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market to open gap negative with atleast 60-120 points for Nifty and 150-400 points for Sensex over Greece issues.Today would be a black Monday for Indian Stock Market and we would see a sharp downfall in the market. We would see a blood bath all around the Indian Markets. Today, we expect that BankNifty and Nifty would enter into negative trend. Traders can go for a shortsell, if BankNifty goes below 18147 levels on spot basis and can also take short position home, if BankNifty closes below those levels. Now, since BankNifty was not able to breach EquityPandit’s resistance levels of 18500, we could enter into sell mode once again with the target of 18000-17800 levels for BankNifty and 8200-8000 levels for Nifty. Today’s trading session would decide further direction for Indian Stock Market. FIIs were net sellers of Rs.203.74 crores whereas DIIs were net buyers of Rs.234.21 crores in last trading session. Nifty would see strong support at 8320-8260-8200 whereas strong resistance would be seen at 8446-8490 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (8381) The support for the Nifty is 8320-8260-8200 and the resistance to the up move is at 8446-8490 levels.

NSE BankNifty: (18371) The support for BankNifty is at 18160-18060-17950-17800 and the resistance to the up move is at 18500-18640-18756 levels.

BSE Sensex: (27812) The support for the Sensex is at 27614-27568-27450-27300 and the resistance to the up move is at 27970-28071-28180 levels.

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Advice for – Friday, June 26, 2015

equitypandit_financial_services

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative. Equitypandit predicted that market is still in positive momentum and may see some profit booking but traders should go long at every dip. EquityPandit also predicted that BankNifty would possess strong resistance at 18500 levels by closing and it needs to close above those levels for Nifty to move up sharply and exactly same happened. Indian Stock Market saw strong profit booking while opening but recovered from day lows. BankNifty saw strong support at EquityPandit’s predicted support levels of 18260. Nifty also saw strong support at EquityPandit’s predicted support levels of 8320. Finally, Indian Stock Market recovered from day lows and moved up sharply as predicted by EquityPandit. BankNifty saw strong resistance at EquityPandit’s predicted levels of 18500 by closing and closed just below those levels. Finally, Indian Stock Market closed positive for the day. Traders, who followed EquityPandit’s advice to go long might have earned huge profits for the day.

Today: Indian Stock Market to open negative with 15-50 points for Nifty on Greece issues. Some profit booking would definitely be seen. Technically, analysis would still remain same. Nifty and BankNifty are still in positive trend and 18500 levels for BankNifty needs to be broken by closing, to push Nifty and BankNifty forward. Nifty is forming double bottom pattern that is bullish in nature but the pattern would be confirmed once Nifty closes above 8490 levels and if so happens, we would see sharp positive movement in market for another 300-400 points for Nifty. Till then market would consolidate in a rangebound region. FIIs were net buyers of Rs.280.21 crores whereas DIIs were net sellers of Rs.8.45 crores in last trading session. Nifty would see strong support at 8320-8260-8200 whereas strong resistance would be seen at 8446-8490 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (8398) The support for the Nifty is 8320-8260-8200 and the resistance to the up move is at 8446-8490 levels.

NSE BankNifty: (18492) The support for BankNifty is at 18260-18160-18060 and the resistance to the up move is at 18500-18640-18756 levels.

BSE Sensex: (27896) The support for the Sensex is at 27614-27568-27450 and the resistance to the up move is at 27970-28071-28180 levels.

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Advice for – Thursday, June 25, 2015

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Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. Equitypandit predicted that market is still in positive momentum and traders should go long at every dip. EquityPandit also predicted that some profit booking would definitely be seen but it would be an opportunity for traders to go long in the market and exactly same happened. Indian Stock Market moved positive but lacked momentum at higher levels. Finally, Nifty saw a sharp profit booking as predicted by Equitypandit and saw lows exactly near EquityPandit’s predicted support levels of 8332 for Nifty like a dot. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market to open negative. Technically, analysis would still remain same. Nifty and BankNifty are still in positive trend. Now, 18500 levels for BankNifty needs to be broken to push Nifty and BankNifty forward. If 18500 levels breaks for BankNifty then we may see a long positive trend. But if BankNifty doesn’t breaches the levels of 18500 in upcoming session then we would see sharp downfall in days to come. Probability is that Market may breach the levels of 18500 for Nifty to see a sharp positive trend in upcoming days and for that few reforms are required by government of India. EquityPandit also expects that some joint session may be called by Finance Minister to pass Land Bill and/or GST Bill and if so happens, we would see the new highs in Indian Market as Indian market is waiting for some strong decisions to be taken by the government. All Global markets are seeing new record highs cyclically and now, its Indian market’s turn but some reforms needs to be taken by the government to support the positive movement in the market. FIIs were net buyers of Rs.92.57 crores whereas DIIs were net buyers of Rs.13.52 crores in last trading session. Nifty would see strong support at 8332-8260-8200 whereas strong resistance would be seen at 8446-8490 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits. Click Here to Get Market Outlook for Nifty and all Major Indices this week.

NSE Nifty: (8361) The support for the Nifty is 8320-8260-8200 and the resistance to the up move is at 8446-8490 levels.

NSE BankNifty: (18366) The support for BankNifty is at 18260-18160-18060 and the resistance to the up move is at 18500-18640-18756 levels.

BSE Sensex: (27729) The support for the Sensex is at 27614-27568-27450 and the resistance to the up move is at 27950-28071 levels.

Note: All our Premium paid subscribers earn very good daily profits irrespective of any market direction. If you wish to subscribe for premium packages or have any queries, kindly contact us or mail us at admin@equitypandit.com or call our Executive at 08000816688.

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Advice for – Wednesday, June 24, 2015

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Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. EquityPandit predicted that some profit booking can be seen as market is heading towards F&O Expiry but it would be an opportunity for traders to go long in the market. EquityPandit also predicted that overall, market is in positive momentum and exactly same happened. Traders, who followed EquityPandit to go long during any dip in the market, might have earned huge profits for the day. Nifty saw sharp profit booking after opening but recovered sharply and closed just below EquityPandit’s predicted resistance levels of 8385. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market to open flat with positive bias. Technically, analysis would still remain same. Nifty and BankNifty are still in positive trend. Some profit booking can be seen as market is heading towards F&O Expiry but it would be an opportunity for traders to go long in the market. Overall, market is in positive momentum and now the major resistance would be 8500 levels, which if breached, Nifty may head towards new highs else again it would consolidate in the range. FIIs were again net sellers of Rs.374.97 crores whereas DIIs were net buyers of Rs.404.2 crores in last trading session. Nifty would see strong support at 8332-8260-8200 whereas strong resistance would be seen at 8446-8490 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits. Click Here to Get Market Outlook for Nifty and all Major Indices this week.

NSE Nifty: (8382) The support for the Nifty is 8332-8260-8200 and the resistance to the up move is at 8446-8490 levels.

NSE BankNifty: (18391) The support for BankNifty is at 18260-18160-18060 and the resistance to the up move is at 18560-18640-18756 levels.

BSE Sensex: (27804) The support for the Sensex is at 27660-27568-27450 and the resistance to the up move is at 27910-28071 levels.

Note: All our Premium paid subscribers earn very good daily profits irrespective of any market direction. If you wish to subscribe for premium packages or have any queries, kindly contact us or mail us at admin@equitypandit.com or call our Executive at 08000816688.

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Advice for – Tuesday, June 23, 2015

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Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened 35 points positive for Nifty. EquityPandit predicted that Nifty and BankNifty are in positive trend and traders should go long at every dip in the market. EquityPandit also predicted that BankNifty is much discounted as compared to Nifty and hence we would see bigger positive movement as compared to Nity, so traders should go long in BankNifty to earn higher profits and exactly same happened. BankNifty soared with almost 3% in intraday movement and closed at 2.54% positive. Traders, who followed EquityPandit advice to go long in BankNifty might have earned whooping profits for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market to open flat with positive bias. Technically, Nifty and BankNifty is still in positive trend. Some profit booking can be seen as market is heading towards F&O Expiry but it would be an opportunity for traders to go long in the market. Overall, market is in positive momentum and now the major resistance would be 8500 levels, which if breached, Nifty may head towards new highs else again it would consolidate in the range. FIIs after long 11 selling sessions, saw some buying in the Indian Stock market. FIIs were net buyers of Rs.651.31 crores whereas DIIs were net sellers of Rs.94.03 crores in last trading session. Nifty would see strong support at 8260-8200-8165 whereas strong resistance would be seen at 8385-8446-8490 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.  Click Here to Get Market Outlook for Nifty and all Major Indices this week.

NSE Nifty: (8353) The support for the Nifty is 8260-8200-8165 and the resistance to the up move is at 8385-8446-8490 levels.

NSE BankNifty: (18335) The support for BankNifty is at 18260-18160-18060 and the resistance to the up move is at 18560-18640-18756 levels. Click Here to read EquityPandit’s Outlook for BankNifty and its main components for this week

BSE Sensex: (27730) The support for the Sensex is at 27568-27450-27400 and the resistance to the up move is at 27910-28071 levels.

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Advice for – Monday, June 22, 2015

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Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened 26 points positive for Nifty. EquityPandit predicted that Nifty and BankNifty has entered into positive trend so traders should go long at every dip in the market and exactly same happened. Indian Stock Market moved up sharply and closed right below EquityPandit’s predicted resistance levels of 8230 for Nifty. Equitypandit’s target of 8200 for Nifty achieved in last trading session. Traders who followed EquityPandit suggestion to go long might have earned huge profits for the day.

Today: Indian Stock Market to open 10-40 points positive. Technically, Nifty and BankNifty is in positive trend and traders should go long at every dip in the market. Some profit booking can be seen but it would be an opportunity for traders to go long in the market. BankNifty is more discounted as compared to Nifty and hence BankNifty would see bigger positive trend as compared to Nifty in days to come. BankNifty would be a main candidate to keep Nifty in positive territory. If BankNifty doesn’t support than Nifty would fall down sharply. Hence traders can go long in BankNifty for higher profits. FIIs were still net sellers of Rs.106.12 crores whereas DIIs were buyers of Rs.447.55 crores in last trading session. Nifty would see strong support at 8200-8165-8098 whereas strong resistance would be seen at 8272-8332-8385 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.  Click Here to Get Market Outlook for Nifty and all Major Indices this week.

NSE Nifty: (8225) The support for the Nifty is 8200-8165-8098 and the resistance to the up move is at 8272-8332-8385 levels.

NSE BankNifty: (17881) The support for BankNifty is at 17745-17620-17470 and the resistance to the up move is at 17980-18240 levels. Click Here to read EquityPandit’s Outlook for BankNifty and its main components for this week

BSE Sensex: (27316) The support for the Sensex is at 27240-27100-27010 and the resistance to the up move is at 27470-27540-27725 levels.

Note: All our Premium paid subscribers earn very good daily profits irrespective of any market direction. If you wish to subscribe for premium packages or have any queries, kindly contact us or mail us at admin@equitypandit.com or call our Executive at 08000816688.

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Weekly Outlook For CNX FMCG and its major components – June 22, 2015

EquityPandit’s Outlook for CNX FMCG and its major components for week (June 22, 2015 – June  26, 2015):

 

CNX FMCG:

CNX FMCG

 

 

CNX FMCG index closed the week on positive note gaining more than 2%.

As we have predicted last week that the index will take support around the levels of 18500 to 18700 range and the index hit the low of 18730 and bounced back to the levels of 19500.

The index has formed the Bullish engulfing pattern on weekly charts.

The index is approaching towards the strong resistance zone of 19600 to 19800 where medium term moving averages and trend-line are lying. As seen from the chart the index will face resistance at the upward moving trend-line around the levels of 19700. Also 50 Daily EMA lies in the range of 19700 which will provide stiff resistance.

As seen from the chart, index opened gap down on 03/06/2015 at the levels of 19600 so that zone will also provide some resistance.

Short term moving averages are lying in the range of 19200 which will provide some support to the index.

Broad range for the index in the coming week is seen from 18800 on downside to 19600 on upside.

 

ITC:

 

ITC

 

 

ITC closed the week on positive note gaining around 3%.

The stock bounced back from the levels of 295 where 1000 Daily SMA was lying.

On Daily charts the stock is in strong uptrend and stock can move to the levels of 310 to 315 where medium term moving averages and trend-line resistance are positioned.

Support for the stock lies in the range of 295 to 300 where short term moving averages are lying.

Broad range for the stock in coming week is seen between 280 to 290 on downside and 320 to 330 on upside.

 

Hindustan Unilever

 

HINDUNILEVER

 

 

HIND Unilever closed the week on positive note gaining more than 5%.

The stock has formed a Morning Star candlestick pattern on Weekly chart in downtrend indicating the trend reversal.

As seen from the chart the stock is facing the resistance around the downward sloping trend-line positioned at the levels of 870.

Above the levels of 870 the stock can move to the levels of 890 where 100 Daily SMA and downward sloping channel is positioned.

Support for the stock is lying in the range of 810 to 830 where 100 Daily SMA and trend-line are positioned.

Broad range for the stock in coming week is seen between 810 to 830 on downside and 870 to 890 on upside.

 

Dabur:

 

DABUR

 

Dabur closed the week on positive note gaining more than 6%.

The stock has formed a Morning Star candlestick pattern on Weekly chart in downtrend indicating the trend reversal.

As seen from the chart the stock is facing the trend-line resistance around the levels of 275.

The stock is moving in the range of 250 on downside to 275 on upside since late April 2015.

If the stock manages to close above the levels of 275 we may see stock entering into the new zone.

The stock has multiple support in the range of 255 to 260.

Broad range for the stock is seen between 250 to 255 on lower end and 280 to 290 on upper end.

 

Colgate Palmolive:

 

COLGATE

 

 

Colgate Palmolive closed the week on positive note gaining more than 3%.

As we have mentioned last week that the stock has formed the long legged doji on weekly chart in downtrend indicating the exhaustion in selling pressure and this week stock gained around 3%.

The stock has formed a Morning Star candlestick pattern on Weekly chart in downtrend indicating the trend reversal.

The stock is facing resistance around the levels of 1980 to 2000 where 50 Daily EMA and 100 Daily SMA is lying.

A break above this level can take the stock to the levels of 2020 where downward sloping channel resistance is lying.

Multiple support for the stock is lying in the range of 1900 to 1930 levels.

Broad range for the stock is seen between 1900 to 1930 on lower end and 1980 to 2000 on upper end.

Weekly Outlook For CNX Pharma and its major components – June 22, 2015

EquityPandit’s Outlook for CNX Pharma and its major components for week (June 22, 2015 – June  26, 2015):

CNX Pharma:

 

CNXPHARMA

 

CNX PHARMA index closed the week on positive note gaining around 4%.

The index has formed the Bullish engulfing pattern on weekly charts.

The index is approaching towards the strong resistance zone of 12000 to 12200.

As seen from the chart the index is moving towards the downward sloping trend-line lying around the levels of 12000. 50 Daily EMA and 100 Daily SMA are lying around the levels of 12000 and 12200 respectively which will provide stiff resistance to any up-move.

Short term moving averages are lying in the range of 11650 to 11750 which will provide support to the index in any correction.

Broad range for the index is seen from 11500 on downside to 12200 on upside.

 

Sun Pharma:

 

SUNPHARMA

 

SUN PHARMA closed the week on positive note gaining around 4%.

As we have predicted that the stock may take support around the levels of 800 and the stock hit the low of 810 on 15/06/2015 and bounced back.

The stock has formed a bearish engulfing pattern on daily charts suggesting the exhaustion of bullish trend in the stock.

For the coming week if the stock sustains above the levels of 860 we may see stock moving towards the levels of 900 where 200 Daily SMA and downward sloping trend-line are positioned.

Support for the stock lies in the range of 840 where short term moving averages are lying and around 800 where trend-line support lies.

Broad range for the stock in the coming week can be 800 – 810 on lower side to 870 – 880 on upper side.

 

Lupin:

 

LUPIN

 

Lupin closed the week on positive note gaining around 5%.

The stock has formed a Hanging Man pattern in uptrend on Daily chart. Generally the pattern is the reversal pattern in uptrend if on next day the stock corrects and closes below the low of earlier candle. If on 22/06/2015 the stock has to close above the levels of 1825 to negate this pattern and if the stock corrects and closes around or below the levels of 1780 we may see the end of uptrend in the stock.

The stock has formed a Bullish engulfing pattern on Weekly charts.

The stock has the resistance in the zone of 1850 to 1870 where trend-line is lying as seen from the charts.

Support for the stock lies in the range of 1780 where 100 Daily SMA lies and around 1750 where short term moving averages are lying.

The stock will face stiff resistance in the range of 1730 to 1750 where many short term and medium term moving averages are lying.

Broad range for the stock is seen from 1750 – 1780 on downside to 1850 – 1880 on upside.

 

Dr. Reddy:

 

DRREDDY

 

 

Dr. Reddy closed the week on positive note gaining around 2%.

The stock has formed a Shooting Star pattern in the uptrend suggesting the exhaustion of continuing trend in the stock. If the stock opens below the low of Shooting Star pattern candle, then it will suggest the end of the uptrend in the stock.

The stock has to sustain over 3425 to negate the pattern. If the stock manages to close above the levels of 3425 it can move to the levels of 3500.

Support for the stock lies in the zone of 3300 where short term moving averages and 200 Daily SMA is lying.

Broad range for the stock is seen from 3300 – 3350 on downside to 3400 – 3450 on upside.

 

Cipla:

 

CIPLA

 

 

CIPLA closed the week on positive note gaining around 4%.

As we have suggested last week that the stock should hold the levels of 570 and the stock hit the low of 571 and bounced back.

The stock bounced to the levels of 620 and corrected where we have suggested the resistance are placed for the stock.

If the stock manages to sustain over the levels of 620 we may see stock moving to the levels of 640 to 650 where medium and long term moving averages and trend-line are positioned.

Support for the stock is seen in the range of 590 to 600 where short term moving averages are lying.

Broad range for the stock is seen in the range of 570 – 580 on downside to 620 – 640 on upside.

Weekly Outlook For CNX IT and its major components – June 22, 2015

EquityPandit’s Outlook for CNX IT and its major components for week (June 22, 2015 – June  26, 2015):

CNX IT

 

CNXIT

 

 

CNX IT index closed the week on positive note gaining around 2%.

This week also the index has taken the support around the levels of 10900 and bounced back. On daily chart the index has made a double bottom around the levels of 10900.

As seen from the chart the index will face resistance around the levels of 11500 where downward sloping trend-line is lying.

We are cautious on the index as the index lost around 130 points from the highs on 19/06/2015 in last 30 mins.

For the coming week if the index sustains above the levels of 11350 then only we may see the index moving upwards.

Broad range for the index in the coming week is seen from 11000 on downside to 11500 on upside.

Infosys:

 

INFY

 

 

INFY closed the week on positive note gaining around 3%.

The stock is ex-bonus this week.

As seen from the chart the stock is facing resistance around the downward sloping trend-line and also 200 Daily SMA which is lying in the range of 1020.

The stock is taking support around the upward sloping trend-line positioned around the levels of 970.

For the coming week we expect the stock to consolidate in the range of 970 to 1020 levels.

A break above the levels of 1020 can take the stock to the levels of 1050 where trend-line resistances are lying.

Broad range for the stock in the coming week is seen between 950 to 970 on downside to 1020 to 1040 on upside.

 

TCS:

 

TCS

 

 

TCS closed the week on positive note gaining around 2%.

The stock gained some ground this week after the stock plunged around 3% on 12/06/2015 when visa issues broke out.

The stock is entering into the strong resistance zone of downward sloping trend-line and medium and long term moving averages.

As seen from the chart the stock is facing resistance around the levels of 2550 where downward sloping trend-line and 20 & 50 Daily EMA are lying.

The stock can also face stiff resistance in the range of 2570 where 100 & 200 Daily SMA is lying.

Support for the stock lies in the range of 2500 where upward sloping channel is lying and around 2530 where short term moving averages are placed.

Broad range for the stock in the coming week is seen between 2475 to 2500 on downside to 2570 to 2600 on upside.

 

HCL Tech

 

HCLTECH

 

 

HCL Tech closed the week on positive note gaining around 2%.

After continuous decline for 2 weeks in the row the stock was able to end the week in green up about 2%.

The stock has formed a Gravestone doji in uptrend on 19/06/2015 on daily charts.

The stock is continuously taking support around the levels of 880 where 200 Daily SMA and trend-line is lying.

For the coming week the stock has to sustain over the levels of 937 to negate the Gravestone doji pattern. Above 940 levels the stock can move to the levels of 955 where 100 Daily SMA is lying.

Support for the stock lies in the range of 900 levels.

Broad range for the stock in the coming week is seen between 880 to 900 on downside to 940 to 960 on upside.

 

Wipro

 

WIPRO

 

 

Wipro closed the week on positive note gaining around 5%.

In last 30 mins on 19/06/2015 the stock sold off close to 2.5%. Also the stock has corrected from the top of the channel pattern.

The stock has formed a Bullish engulfing pattern on the weekly charts.

The stock has to sustain over 568 levels for the uptrend to continue.

Support for the stock lies in the range of 540 to 550.

Broad range for the stock in the coming week is seen between 530 to 540 on downside to 570 to 580 on upside.

Weekly Outlook For BankNifty and its major components – June 22, 2015

EquityPandit’s Outlook for BankNifty and its major components for week (June 22, 2015 – June  26, 2015):

BankNifty

 

banknifty

 

For the week, Bank Nifty ended with the gain of around 2% highly underperforming the Nifty which gained close to 3%.

As we have suggested last week that the index has formed a doji on weekly chart in downtrend which may suggest exhaustion of selling pressure and the index bounced back from the levels of 17300. 

The index is entering  into strong resistance zone of 18000 where medium term and long term moving averages are lying.

200 Daily SMA and 50 Daily EMA are lying around the levels of 18000 which will provide stiff resistance to any upside momentum.

Call options in 18000 strike price has close to 6.00 lacs outstanding which will provide resistance to the index.

Broad range for the index in coming week is seen from 17500 on downside to 18200 on upside.

HDFC Bank

 

hdfcbank

 

 

HDFC Bank closed the week on positive note gaining around 3%.

After 15 days of consolidation the stock broke out of the range on upside and close around the levels of 1030.

The stock has formed a Morning star pattern on weekly charts. The pattern is a bullish reversal signal after a downtrend.

On 18/06/2015, the stock broke out of the range with heavy volumes.

As seen from the chart the stock is approaching towards the trend-line resistance zone of 1040. A break of this level will take the index to the levels of 1055 to 1060.

Short term moving averages are lying in the range of 1010 to 1020 which will provide support to any correction.

Broad range for the stock in the coming week can be 1000 – 1010 on lower side to 1050 – 1060 on upper side.

 

ICICI Bank

 

icicibank

 

 

ICICI Bank closed the week on positive note gaining around 3%.

For the consecutive second week in the row the stock gained around 3% and the stock manages to close above the levels of medium term trend-line resistance.

The stock is moving towards the resistance zone of 310 to 320 where short and long term moving averages and trend-line are lying.

50 Daily EMA is lying in the range of 307 and a break above this levels can take the stock to the levels of 315 to 320 where 100 and 200 Daily SMA is lying.

310 and 320 strike price call options have the highest open interest of close to 30.00 shares which will provide some resistance to the stock.

Support for the stock lies in the range of 290 to 300.

Broad range for the stock in the coming week can be 290 – 300 on lower side to 310 – 320 on upper side.

Axis Bank

 

axisbank

 

 

Axis Bank closed the week on flat note.

As we have suggested last week that the stock has formed a Inverted Hammer pattern on weekly charts suggesting the exhaustion of selling pressure in the stock and this week the stock has formed a pin bar candle on weekly charts.

The stock is forming bullish patterns on the weekly charts, but the stock is facing significant resistance in the zone of 555 to 560 levels.

The stock has successfully hold the levels of 540 on couple of occasion and has formed a double bottom pattern on daily charts.

The stock has to move above the resistance zone of 555 to 560 levels for any uptrend. Above the levels of 560 we may see stock moving to the levels of 590.

Support for the stock is seen in the range of 540.

Broad range for the stock in the coming week can be 530 – 540 on lower side to 560 – 570 on upper side.

 

State Bank Of India

 

sbin

 

 

SBIN closed the week on positive note gaining around 2%.

The stock is seen moving into the strong resistance zone of 265 to 270 levels.

The stock has formed a double top formation around the levels of 263 on daily charts.

For the coming week the stock has to move above the levels of 263 for any uptrend to sustain. 200 Daily SMA lies in the range of 265 which will provide stiff resistance to the stock.

Call options in 260, 270 and 280 strike prices have on an average 40.00 shares outstanding which will check the stock in any up-move.

The stock has taken multiple support around the levels of 250 where trend-line support has emerged for the stock.

Broad range for the stock in the coming week can be 245 – 250 on lower side to 270 – 280 on upper side.

 

 

Weekly Outlook For Nifty and Major Indices – June 22, 2015

 

EquityPandit’s Outlook for Nifty and Major indices for week (June 22, 2015 – June  26, 2015):

CNX NIFTY

 

nifty

 

Nifty ended the week with the gain of around 3%.

As we have suggested last week that the index will take support around the levels of 7950 – 8000 where many trend-line support lies.

On weekly basis the index has formed the Bullish engulfing pattern.

The index is approaching towards the strong resistance zone of 8300 where medium term moving averages and trend-line are lying. 50 Daily EMA is lying around the levels of 8280 and as seen from the chart the downward sloping trend-line is also lying around the levels of 8300 which will provide resistance to any up-move in the index.

The coming week is the expiry week so we can see some volatility in the markets.

Put options in 8000, 8100 and 8200 strike prices have the average Open Interest buildup of around 50.00 lacs each which will provide support to any correction.

Call options in 8300, 8400 and 8500 strike prices have the Open Interest buildup of close to 50.00 lacs shares which will provide resistance to any up-move.

Range for the week is seen from 8000 on downside to 8400 on upside.

 

CNX BANKNIFTY

 

banknifty

For the week, Bank Nifty ended with the gain of around 2% highly under performing the Nifty which gained close to 3%.

As we have suggested last week that the index has formed a doji on weekly chart in downtrend which may suggest exhaustion of selling pressure and the index bounced back from the levels of 17300. 

The index is entering  into strong resistance zone of 18000 where medium term and long term moving averages are lying.

200 Daily SMA and 50 Daily EMA are lying around the levels of 18000 which will provide stiff resistance to any upside momentum.

Call options in 18000 strike price has close to 6.00 lacs outstanding which will provide resistance to the index.

Broad range for the index in coming week is seen from 17500 on downside to 18200 on upside.

 

 CNX IT

 

cnxit

 

CNX IT index closed the week on positive note gaining around 2%.

This week also the index has taken the support around the levels of 10900 and bounced back. On daily chart the index has made a double bottom around the levels of 10900.

As seen from the chart the index will face resistance around the levels of 11500 where downward sloping trend-line is lying.

We are cautious on the index as the index lost around 130 points from the highs on 19/06/2015 in last 30 mins.

For the coming week if the index sustains above the levels of 11350 then only we may see the index moving upwards.

Broad range for the index in the coming week is seen from 11000 on downside to 11500 on upside.

CNX FMCG

 

cnxfmcg

 

CNX FMCG index closed the week on positive note gaining more than 2%.

As we have predicted last week that the index will take support around the levels of 18500 to 18700 range and the index hit the low of 18730 and bounced back to the levels of 19500.

The index has formed the Bullish engulfing pattern on weekly charts.

The index is approaching towards the strong resistance zone of 19600 to 19800 where medium term moving averages and trend-line are lying. As seen from the chart the index will face resistance at the upward moving trend-line around the levels of 19700. Also 50 Daily EMA lies in the range of 19700 which will provide stiff resistance.

As seen from the chart, index opened gap down on 03/06/2015 at the levels of 19600 so that zone will also provide some resistance.

Short term moving averages are lying in the range of 19200 which will provide some support to the index.

Broad range for the index in the coming week is seen from 18800 on downside to 19600 on upside.

 CNX PHARMA

 

CNXPHARMA

 

CNX PHARMA index closed the week on positive note gaining around 4%.

The index has formed the Bullish engulfing pattern on weekly charts.

The index is approaching towards the strong resistance zone of 12000 to 12200.

As seen from the chart the index is moving towards the downward sloping trend-line lying around the levels of 12000. 50 Daily EMA and 100 Daily SMA are lying around the levels of 12000 and 12200 respectively which will provide stiff resistance to any up-move.

Short term moving averages are lying in the range of 11650 to 11750 which will provide support to the index in any correction.

Broad range for the index is seen from 11500 on downside to 12200 on upside.

CNX AUTO

 

 CNXAUTO

 

CNX AUTO index closed the week on positive note gaining more than 4%.

As we have suggested last week that the index has to close above the trend-line support, the support which was holding the index on every correction since October 2014.

On 15/06/2015 the index successfully closed above the support zone of 7900 and bulls came charging and took the index to the levels of 8200.

The index is approaching towards the strong resistance zone of 8300 to 8400 where medium  and long term moving averages are lying.

As seen from the chart the index will face resistance around the levels of 8400 where downward sloping trend-line is lying. Above the levels of 8400 trend-line resistance, the index can rise to the levels of around 8600.

Short term moving averages are lying in the zone of 8100 to 8200 which will provide support to the index in any correction.

Broad range for the index is seen from 8000 to 8100 on downside to 8400 to 8500 on upside.

CNX ENERGY

 

 CNXENERGY

CNX ENERGY index closed the week on positive note gaining around 6%.

As we have suggested the index is consolidating in the range of 8200 to 8700 from last 2 months and a break of this level will see index moving further 2% to 3% in that direction, and index broke out of the range on upside and close the week on 8880 levels.

As seen from the chart the index has closed at the neckline of the inverted Head & Shoulder pattern lying around the levels of 8900 and 200 Daily SMA is also lying around the levels of 8900.

A close above the levels of 8900 for couple of days will take the index to the levels of 9100 to 9200 where trend-line resistance is lying.

The targets for the breakout of the inverted Head & Shoulder pattern can be in the range of  9800 to 10000 on the index.

Multiple support tor the index lies in the range of 8500 to 8600.

Broad range for the index is seen between 8500 on downside to 9200 on upside.

Advice for – Friday, June 19, 2015

equitypandit_financial_services

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. EquityPandit predicted that Nifty can move sharply positive and may enter in positive trend today but BankNifty needs to perform now for Nifty to sustain those levels and exactly same happened. Indian Stock Market moved sharply positive and saw strong resistance exactly near EquityPandit’s predicted resistance levels of 27195 for Sensex. Nifty also breached the reversal levels and entered into positive trend which was equally supported by BankNifty. BankNifty closed right below EquityPandit’s predicted resistance levels of 17740. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market to open gap positive with 15-50 points for Nifty. Technically, Nifty and BankNifty has entered into positive trend and traders can now go long at every dip in the market. Some profit booking can be seen but it would be an opportunity for traders to go long in the market. Now EquityPandit’s Nifty target of 8200-8230 looks to achieve today. FIIs were still huge net sellers of Rs.784.73 crores whereas DIIs were buyers of Rs.1110.01 crores in last trading session. Nifty would see strong support at 8098-8048 whereas strong resistance would be seen at 8205-8230-8066 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits. Click Here to Get Market Outlook for Nifty and all Major Indices this week.

NSE Nifty: (8175) The support for the Nifty is 8098-8048 and the resistance to the up move is at 8205-8230-8266 levels.

NSE BankNifty: (17734) The support for BankNifty is at 17620-17470-17330 and the resistance to the up move is at 17822-17980-18240 levels.

BSE Sensex: (27116) The support for the Sensex is at 27010-26900-26720 and the resistance to the up move is at 27195-27380-27507 levels.

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Advice for – Thursday, June 18, 2015

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Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened opened 37 points positive for Nifty. EquityPandit predicted that Nifty needs to close above 8092 levels to come into positive trend and would see strong intraday resistance at 8100-8142 levels and exactly same happened. Indian Stock Market moved sharply positive but was not able to cross EquityPandit’s predicted resistance levels of 8100 for the first half session. Later, Nifty breached those levels with volumes but saw strong resistance near EquityPandit’s predicted second resistance levels of 8142. Finally, Nifty closed right below EquityPandit’s trend reversal level of 8092 like a dot.

Today: Indian Stock Market to open flat. Nifty just missed EquityPandit closing levels of 8092 and hence Indian Stock Market has still not entered into positive trend. Nifty and BankNifty would enter positive trend if they close above 8092 and 17740 respectively. And if so happens, traders can go long in Nifty and BankNifty. Today, Nifty may enter into positive trend today, but BankNifty needs to perform for Nifty to sustain the positive trend. FIIs are still selling in Indian Markets and has already seen outflows of Rs.6484.19 crores in last 17 days. FIIs were still huge net sellers of Rs.940.91 crores whereas DIIs were buyers of Rs.1447.07 crores in last trading session. Nifty would see strong support at 8048-7997-7940 whereas strong resistance would be seen at 8142-8165-8200 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits. Click Here to Get Market Outlook for Nifty and all Major Indices this week.

NSE Nifty: (8092) The support for the Nifty is 8048-7997-7940 and the resistance to the up move is at 8142-8165-8200 levels.

NSE BankNifty: (17584) The support for BankNifty is at 17470-17330-17200 and the resistance to the up move is at 17745-17822-17980 levels.

BSE Sensex: (26833) The support for the Sensex is at 26720-26540-26300 and the resistance to the up move is at 26940-27030-27195 levels.

Note: All our Premium paid subscribers earn very good daily profits irrespective of any market direction. If you wish to subscribe for premium packages or have any queries, kindly contact us or mail us at admin@equitypandit.com or call our Executive at 08000816688.

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Advice for – Wednesday, June 17, 2015

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Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with 9 points negative for Nifty. EquityPandit predicted that 7940 would act as strong support for Nifty whereas 8100 would act as strong resistance, breaching any level out of these two, would force market to move sharply in that direction and exactly same happened. Nifty consolidated between EquityPandit’s predicted support and resistance levels and was not able to breach any of these two levels. BankNifty closed right on EquityPandit’s predicted resistance levels of 17600 and Nifty closed just below EquityPandit’s support levels of 8052 in last trading session. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market to open gap positive with 15-40 points for Nifty. Technically, Indian Stock Market is still in negative trend. Nifty and BankNifty would enter positive trend if it closes above 8092 and 17740 respectively. And if so happens, traders can go long in Nifty and BankNifty. For Now, 7940 would act as strong support whereas 8100 would still act as strong resistance. Breaching any level out of these two, would force market to move sharply in that direction. FIIs are still selling in Indian Markets and has already seen outflows of Rs.5543.28 crores in last 15 days. FIIs were net sellers of Rs.521.65 crores whereas DIIs were buyers of Rs.644.81 crores in last trading session. Nifty would see strong support at 7997-7940-7924 whereas strong resistance would be seen at 8100-8142-8165-8200 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits. Click Here to Get Market Outlook for Nifty and all Major Indices this week.

NSE Nifty: (8047) The support for the Nifty is 7997-7940-7924 and the resistance to the up move is at 8100-8142-8165-8200 levels.

NSE BankNifty: (17602) The support for BankNifty is at 17470-17330-17200 and the resistance to the up move is at 17745-17822-17980 levels.

BSE Sensex: (26687) The support for the Sensex is at 26540-26300-26220 and the resistance to the up move is at 26780-26940-27030 levels.

Note: All our Premium paid subscribers earn very good daily profits irrespective of any market direction. If you wish to subscribe for premium packages or have any queries, kindly contact us or mail us at admin@equitypandit.com or call our Executive at 08000816688.

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Advice for – Tuesday, June 16, 2015

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Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat. EquityPandit predicted that 7940 would be last support for Nifty and if it breaches then we would see sharp downfall in the market else some short-covering can be seen in the market and exactly same happened. Traders, who followed EquityPandit advice might have earned huge profits for the day. Nifty saw lows right at EquityPandit’s predicted support levels of 7940 whereas strong resistance was seen at EquityPandit’s predicted resistance levels of 8052 like a dot. Sensex also saw lows right near EquityPandit’s predicted support levels of 26300 like a dot. Finally, Indian Stock Market closed positive for the day with BankNifty in minor pressure.

Today: Indian Stock Market to open flat with negative bias. Analysis would still remain same. Technically, Indian Stock Market is still in negative trend. Now, 7940 would act as strong support whereas 8100 would act as strong resistance. Breaching any level out of these two, would force market to move sharply in that direction. Traders should consider these two important levels before entering the trades. The biggest worry is the regular outflows seen by FIIs. FIIs were net sellers of Rs.604.86 crores whereas DIIs were buyers of Rs.650.47 crores in last trading session. Nifty would see strong support at 7940-7924-7877 whereas strong resistance would be seen at 8052-8100-8200 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits. Click Here to Get Market Outlook for Nifty and all Major Indices this week.

NSE Nifty: (8014) The support for the Nifty is 7940-7924-7877 and the resistance to the up move is at 8052-8100-8200 levels.

NSE BankNifty: (17459) The support for BankNifty is at 17330-17200-17150-16930 and the resistance to the up move is at 17600-17745-17822 levels.

BSE Sensex: (26587) The support for the Sensex is at 26300-26220-26092 and the resistance to the up move is at 26625-26780-26940 levels.

Note: All our Premium paid subscribers earn very good daily profits irrespective of any market direction. If you wish to subscribe for premium packages or have any queries, kindly contact us or mail us at admin@equitypandit.com or call our Executive at 08000816688.

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Advice for – Monday, June 15, 2015

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Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative. EquityPandit predicted that Indian Stock Market is still in negative trend and now it looks that Nifty would break levels of 7958 for the first time in year 2015 and exactly same happened. Nifty moved sharply negative and saw lows at 7940. BankNifty also saw lows exactly in EquityPandit’s predicted support levels of 17200-17150. Finally, Market moved sharply positive from day lows as predicted by EquityPandit and closed flat with positive bias.

Today: Indian Stock Market to open flat with negative bias. Analysis would still remain same. Technically, Indian Stock Market is still in negative trend. Some consolidation would be seen with sideways movement. But if Nifty breaches lows of last trading session i.e. 7940 levels then we may see sharp downfall in the market and next target level would be 7800 for Nifty. Trade is still in short side for traders. If the trend continues then Nifty may see levels of 7800-7640 in days to come, only if 7940 levels are breached. BankNifty is completely open on the downside and has no major support nearby and hence BankNifty can be shorted at this point of time for higher profits. Some short-covering rally may be seen but it would still be temporary in nature as there is no strength seen in the trend. The biggest worry is the regular outflows seen by FIIs. FIIs were net sellers of Rs.670.96 crores whereas DIIs were buyers of Rs.705.58 crores in last trading session. Nifty would see strong support at 7940-7924-7877-7841 whereas strong resistance would be seen at 8052-8100-8200 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits. Click Here to Get Market Outlook for Nifty and all Major Indices this week.

NSE Nifty: (7983) The support for the Nifty is 7940-7924-7877-7841 and the resistance to the up move is at 8052-8100-8200 levels.

NSE BankNifty: (17524) The support for BankNifty is at 17330-17200-17150-16930 and the resistance to the up move is at 17745-17822 levels.

BSE Sensex: (26425) The support for the Sensex is at 26300-26220-26092-25910 and the resistance to the up move is at 26527-26625-26780 levels.

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Weekly Outlook For Nifty and Major Indices – June 15, 2015

CNX Nifty:

nifty

Nifty ended the week with the cuts of around 1.5%.

 As we have suggested last week that the index will take support around the levels of 7950 – 8000 where many trend-line support lies.

 Even during the week the index bounced back from this level but could not sustain and sold off.

 As seen from the charts the index is just trading at around the important trend-line support . The break of this trend-line on closing basis will take the index to the levels of around 7700.

 So next week it will be very crucial for the bulls to hold on to this levels.

 Global markets are also edgy on the Greek issue.

 Also some heavy activity has been witnessed in the 7600 & 7700 put options.

 For the coming week we may see index in the range of 7700 on downside to 8200 on upside with very high intraday volatility.

BankNifty

banknifty

 

For the last week, Bank Nifty ended almost flat with huge volatility.

As EquityPandit predicted last week that index will take support around the levels of 17200 and exactly same happened. Index hit the low of around 17175 and bounced back.

Index has formed a doji on weekly chart in downtrend which may suggest exhaustion of selling pressure.

In the process index took support around the trend-line. As seen from the chart if 17200 level breaks on closing basis we may see the levels of 16700 on the index, where long term trend-line support lies.

For the coming week we may see bulls trying to protect the levels of 17150.

Broad range for the week is seen from 16800 to 17200 on downside to 17800 to 18000 on upside.

 

CNX IT

cnxit

 

CNX IT index closed the week on negative note losing around 2% .

As EquityPandit predicted last week that the index has broken the upper trending channel which was providing the support since it hit the low of 10900 in the month of May and we were cautious on the index.

As per our report last week suggesting the index will take support around the trend-line lying in the range of 11000 and index hit the low of 10930 and bounce back.

A break of this level on closing basis will take the index to the levels of around 10500 where long term trend-line lies.

This week also we are cautious on the index and watching the levels of 11000 very carefully.

Broad range for the index in the coming week is seen from 10500 – 10800 on downside to 11300 – 11500 on upside.

CNX FMCG

cnxfmcg

 

For the week ended 12/06/2015 the index closed on a negative note losing more than 2%.

 As we have suggested last week that if the index doesn’t able to hold the levels of 19000 on closing basis there is every chance the index can drift lower to the next support zone of 18500 to 18700.

 As per our expectation the index doesn’t able to hold to the levels of 19000 and drift lower to the levels of around 18700.

 500 Daily SMA lies in the range of 18500 which can provide support to the index.

 For the coming week we may see index taking support around the levels of 18500 and bounce back.

 Upside for the index is capped around the levels of 19300 to 19500, where short term moving averages are lying and will provide some resistance.

Broad range for the index is seen between 18300 to 18500 on downside and 19300 to 19500 on upside.

CNX PHARMA CNXPHARMA

For the week ended 12/06/2015 the index closed on a negative note losing more than 2% and around 300 points in absolute terms.

The index has closed below the psychological level of 200 Daily SMA which was lying around the levels of 11400.

As seen from the chart next support for the index is seen around the levels of 10600 where downward sloping channel and long term trend line support lies.

50 Weekly EMA lies in the range of 11000 which may provide some support to the index.

Strong resistance for the index lies in the range of 11500 to 11750.

Broad range for the index is seen from 10800 to 11000 on downside to 11500 to 11750 on upside.

CNX AUTO

CNXAUTO

 

For the week ended 12/06/2015 the CNX Auto index closed on the negative note losing more than 2%.

As per our report the index took support in the range of 7900 to 8000 levels.

As seen from the chart the index has closed around the trend-line support, the support which was holding the index on every correction since October 2014.

The index has to close above this level for couple of days for any recovery in the index.

Inability of index holding this support can take the index to the levels of around 7600 to 7700 where long term trend-line is lying.

Many short term moving averages are lying in the range of 8100 to 8200 which will provide some resistance to the index.

We expect the index to move in the range of 7600 to 7700 on downside and 8150 to 8200 on upside.

CNX ENERGY

CNXENERGY

 

For the week ended 12/06/2015 the CNX Energy index closed on the negative note losing around 2%.

For last 2 months the index is seen consolidating in the range of around 8200 on lower side to 8700 on upper side.

 For the coming week we expect the index to consolidate in the range of 8100 to 8200 on downside and 8500 to 8600 on upside.

 Multiple short term and medium term moving average resistances are lying in the range of 8500 to 8600 levels.

Broad range for the index is seen between 8200 on downside to 8600 on upside.

 Any break of this level will see index moving further 2 – 3% in that direction.

We expect the index to move in the range of 7600 to 7700 on downside and 8150 to 8200 on upside.

Advice for – Friday, June 12, 2015

equitypandit_financial_services

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive with 34 points for Nifty. EquityPandit predicted that the trend may change but currently the trend is negative and traders should trade short until Nifty breaches levels of 8200. EquityPandit also predicted that 7960 wold be last support for Nifty on closing basis and exactly same happened. Indian Stock Market opened positive but was not able to sustain higher levels and fell down sharply as already predicted by EquityPandit’s mathematical models. Nifty fell down sharply and saw some support levels at EquityPandit’s predicted first support level of 7997. After sustaining there for few hours, it fell down sharply and saw lows right at EquityPandit’s predicted support levels of 7960 like a dot. Finally, Nifty closed just above EquityPandit’s predicted support levels.

Today: Indian Stock Market to open gap negative. Technically, Indian Stock Market is still in negative trend and now it looks that Nifty would break levels of 7958 for the first time in year 2015. Trade is still in short side for traders. If the trend continues then Nifty may see levels of 7800-7640 in days to come. BankNifty is completely open on the downside and has no major support nearby and hence BankNifty can be shorted at this point of time for higher profits. Some short-covering rally may be seen but it would be temporary in nature as there is no strength seen in the trend. The biggest worry is the regular outflows seen by FIIs. FIIs were net sellers of Rs.622.89 crores whereas DIIs were buyers of Rs.589.29 crores in last trading session. Nifty would see strong support at 7924-7877-7841 whereas strong resistance would be seen at 8052-8100-8200 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (7965) The support for the Nifty is 7924-7877-7841 and the resistance to the up move is at 8052-8100-8200 levels.

NSE BankNifty: (17304) The support for BankNifty is at 17200-17150-16930-16780 and the resistance to the up move is at 17510-17745-17822 levels.

BSE Sensex: (26371) The support for the Sensex is at 26220-26092-25910 and the resistance to the up move is at 26527-26625-26780 levels.

Note: All our Premium paid subscribers earn very good daily profits irrespective of any market direction. If you wish to subscribe for premium packages or have any queries, kindly contact us or mail us at admin@equitypandit.com or call our Executive at 08000816688.

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Advice for – Thursday, June 11, 2015

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Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that Nifty had a long consolidation session and we may see a strong breakout or breakdown now and exactly same happened. Nifty saw sharp breakout. Indian Stock Market saw sharp positive movement. Nifty closed just below EquityPandit’s predicted resistance levels of 8130 levels. BankNifty also saw highs exactly near EquityPandit’s predicted resistance levels of 17790. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market to open positive with 10-40 points for Nifty. Technically, Indian Stock Market is still in negative trend. Nifty would enter into positive trend once it closes above 8150 levels. 8200 level is still an important level to watch before we go long in Nifty. BankNifty would enter into positive territory, once it closes above 17800 and if it does so, then traders can go long in BankNifty. For now, market is still in negative territory for trading. The biggest worry is the regular outflows seen by FIIs. FIIs were net sellers of Rs.482.11 crores whereas DIIs were buyers of Rs.788.06 crores in last trading session. Nifty would see strong support at 8080-7997-7960 whereas strong resistance would be seen at 8200-8235-8270 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (8124) The support for the Nifty is 8080-7997-7960 and the resistance to the up move is at 8200-8235-8270 levels.

NSE BankNifty: (17782) The support for BankNifty is at 17635-17485-17350 and the resistance to the up move is at 17980-18085 levels.

BSE Sensex: (26840) The support for the Sensex is at 26700-26500-26420 and the resistance to the up move is at 26960-27015-27277 levels.

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Advice for – Wednesday, June 10, 2015

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Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that Indian Stock Market is still in negative trend and traders should go short at every positive movement in the market. EquityPandit also predicted that it looks hart to breach levels of 8000-7960 in last trading session and Nifty would see sideways movement for now and exactly same happened. Traders, who followed EquityPandit’s advice, might have earned huge profits for the day. Nifty saw strong support at EquityPandit predicted support levels of 7997 levels. Sensex also saw lows near EquityPandit’s predicted support levels of 26420 levels. finally, Indian Stock Market closed flat with negative bias for the day.

Today: Indian Stock Market to open negative. Technically, Indian Stock Market is still in negative trend and it looks that today, Nifty may breach levels of 8000 on negative side. Traders should go short at every positive movement in the market with strict closing stoploss of 8200 levels for Nifty. Now 7960 would be last support for Nifty and breaching which, Nifty would see sharp downfall. We may see some short-covering rally that would be temporary in nature. Nifty had a long consolidation session and we may see a sharp breakout or breakdown in the market. The biggest worry is the regular outflows seen by FIIs. FIIs were net sellers of Rs.654.02 crores whereas DIIs were buyers of Rs.692.29 crores in last trading session. Nifty would see strong support at 7997-7960-7924 whereas strong resistance would be seen at 8060-8130-8200 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (8022) The support for the Nifty is 7997-7960-7924 and the resistance to the up move is at 8060-8130-8200 levels.

NSE BankNifty: (17490) The support for BankNifty is at 17350-17245-17000 and the resistance to the up move is at 17600-17790-17980 levels.

BSE Sensex: (26481) The support for the Sensex is at 26420-26000 and the resistance to the up move is at 26605-26820-26960 levels.

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Advice for – Tuesday, June 09, 2015

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Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that Technically, Indian Stock Market is in negative trend and traders should go short at every positive movement in the market as bulls are looking weaker this time and exactly same happened. Nifty fell down sharply and closed below EquityPandit’s support of 8060 levels. EquityPandit adviced traders that some short covering can’t be ruled out but overall, the trade is in sell side. Traders, who followed EquityPandit’s advice to go short might have earned huge profits for the day. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market to open flat. Technically, Indian Stock Market is still in negative trend and traders should go short at every positive movement in the market. Now 7960 would be last support for Nifty and breaching which, Nifty would see sharp downfall. But anyhow, today it looks hard to breach those levels and we can see some short-covering rally that would be temporary in nature. Overall, Nifty would see sideways movement for now. The biggest worry is the regular outflows seen by FIIs. FIIs were net sellers of Rs.749.12 crores whereas DIIs were buyers of Rs.529.82 crores in last trading session. Nifty would see strong support at 8100-8060-7960 whereas strong resistance would be seen at 8200-8235-8270 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (8044) The support for the Nifty is 7997-7960 and the resistance to the up move is at 8130-8200-8235 levels.

NSE BankNifty: (17433) The support for BankNifty is at 17350-17245-17000 and the resistance to the up move is at 17600-17790-17980 levels.

BSE Sensex: (26523) The support for the Sensex is at 26420-26000 and the resistance to the up move is at 26820-26960-27015 levels.

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Advice for – Monday, June 08, 2015

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Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative in last trading session. Indian Stock Market saw sharp short covering after consolidation. Sensex saw highs right at EquityPandit’s predicted resistance levels of 27010. Finally, Indian Stock Market fell down sharply erasing all gains and closed gap negative for the day.

Today: Indian Stock Market to open negative with 10-30 points for Nifty. Technically, Indian Stock Market is still in negative trend and traders should go short at every positive movement in the market as bulls are looking weaker this time. Breaching levels of 8060 for Nifty, 17468 for BankNifty and 26550 levels for Sensex on the negative side would force market to see a sharp fall. Some short covering (Positive movement) can’t be ruled out at this point of time but Overall, the trade is in sell side as market is open on the downside. FIIs were net sellers of Rs.550.29 crores whereas DIIs were buyers of Rs.879.50 crores in last trading session. Nifty would see strong support at 8100-8060-7960 whereas strong resistance would be seen at 8200-8235-8270 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (8115) The support for the Nifty is 8100-8060-7960 and the resistance to the up move is at 8200-8235-8270 levels.

NSE BankNifty: (17549) The support for BankNifty is at 17500-17468-17245 and the resistance to the up move is at 17790-17980-18085 levels.

BSE Sensex: (26768) The support for the Sensex is at 26550-26420-26000 and the resistance to the up move is at 26960-27015-27277 levels.

Note: All our Premium paid subscribers earn very good daily profits irrespective of any market direction. If you wish to subscribe for premium packages or have any queries, kindly contact us or mail us at admin@equitypandit.com or call our Executive at 08000816688.

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