Advice for – Friday, July 31, 2015

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Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that Market would see huge fluctuations. EquityPandit also predicted that some more short covering can’t be ruled out and we can see further bounce in the market and exactly same happened. Indian Stock Market moved up sharply and saw strong resistance near EquityPandit’s predicted resistance levels of 8450 levels for Nifty. Sensex also saw highs exactly near EquityPandit’s predicted resistance levels of 27850 and rebounded from there. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open flat. Now we have entered into fresh F&O series. Market is still in negative zone but we can see reversal nearby. Banking sector especially, PSU banks looks too strong at this point of time that may push BankNifty in positive zone. Some small trigger through positive news would make that happen. BankNifty, if closes above 18590, then it would enter into positive zone and the trend would be reversed. In that case, traders can go long in the market but for now, market is still in negative trend and one needs to short at every positive movement in the market. FIIs were net sellers of Rs.170.68 crores whereas DIIs were net buyers of Rs.499.65 crores in last trading session. Nifty would see strong support at 8315-8244-8200 whereas strong resistance would be seen at 8410-8450-8500 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Important Results To Be Declared Today: ALEMBICPHARMA, CESC, GLAXO, ICICIBANK, LT, RAYMOND, RELIGARE, SRTRANSFIN, SUNDARMFIN, SUNTV, SUZLON and TITAN.

NSE Nifty: (8422) The support for the Nifty is 8400-8350-8315-8244 and the resistance to the up move is at 8505-8567-8605 levels.

NSE BankNifty: (18440) The support for BankNifty is at 18360-18260-18160-18060 and the resistance to the up move is at 18500-18590-18640-18756 levels.

BSE Sensex: (27705) The support for the Sensex is at 27568-27450-27400 and the resistance to the up move is at 27850-27910-28071 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 – Thursday, July 30, 2015

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Last Trading Session: Indian Stock Market opened flat with positive bias for the day. EquityPandit predicted that Indian Stock Market would now see some short covering (positive) rally and which could take Nifty and BankNifty higher and same happened. Indian Stock Market saw sharp short covering rally and closed positive for the day.

Today: Indian Stock Market would open positive. Today is F&O Expiry, so huge fluctuations would be seen in the market. Technically, some more short covering can’t be ruled out and we can see some further bounce in the market but trend is still negative. Now, market need some positive news from the government to see a trend reversal. BankNifty, if closes above 18590, then it would enter into positive zone and the trend would be reversed. In that case, traders can go long in the market but for now, market is still in negative trend and one needs to short at every positive movement in the market. FIIs were net sellers of Rs.186.24 crores whereas DIIs were net buyers of Rs.642.69 crores in last trading session. Nifty would see strong support at 8315-8244-8200 whereas strong resistance would be seen at 8410-8450-8500 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Read Nifty and Major Stocks Outlook for This Week 

Important Results To Be Declared Today: BANKBARODA, COLPAL, DENABANK, DRREDDY, EXIDEIND, GATI, GLENMARK, GUJFLUORO, HCC, IDFC, ITC, KOTAKBANK, LGBBROSLTD, MYSOREBANK, NCC, NTPC, NUCLEUS, ORIENTBANK, PETRONET, SHASUNPHAR, STAR, THOMASCOOK and VIJAYABANK.

NSE Nifty: (8375) The support for the Nifty is 8315-8244-8200 and the resistance to the up move is at 8410-8450-8500 levels.

NSE BankNifty: (18323) The support for BankNifty is at 18260-18080-17980 and the resistance to the up move is at 18410-18560-18600 levels.

BSE Sensex: (27563) The support for the Sensex is at 27360-27140-27030 and the resistance to the up move is at 27710-27850-27940 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, July 29, 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 trade is only in short side. EquityPandit also suggested traders to go short or hold their short positions for now and exactly same happened. Indian Stock Market moved positive but fell down sharply from there. Nifty saw lows right near EquityPandit’s predicted support levles of 8315 levels and remained rangebound between EquityPandit’s predicted support and resistance levels of 8315 and 8410 levels respectively. Finally, Market closed negative for the day.

Today: Indian Stock Market would open flat. Technically, some short covering can’t be ruled out after many days of choppiness but Indian Stock Market is still in negative trend. Trade is only in short side. Traders should go short at every positive movement in the market. Some strength is seen in PSU Banks on expectation of rate cut by RBI in coming RBI Policy that would take Nifty and BankNifty little higher and it would be a perfect opportunity for traders to go short for now. The next logical target for Nifty is 8250 and BankNifty is 18000. FIIs were net sellers of Rs.1375.66 crores whereas DIIs were net buyers of Rs.665.05 crores in last trading session. Nifty would see strong support at 8315-8244-8200 whereas strong resistance would be seen at 8410-8450-8500 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Read Nifty and Major Stocks Outlook for This Week 

Important Results To Be Declared Today: ALBK, DABUR, ESSAROIL, GODREJCP, HEG, IIFL, JSWSTEEL, MPHASIS, NESTLEIND, NHPC, UPL, VEDL and YESBANK.

NSE Nifty: (8337) The support for the Nifty is 8315-8244-8200 and the resistance to the up move is at 8410-8450-8500 levels.

NSE BankNifty: (18282) The support for BankNifty is at 18080-17980-17800 and the resistance to the up move is at 18320-18410-18560 levels.

BSE Sensex: (27459) The support for the Sensex is at 27360-27140-27030 and the resistance to the up move is at 27710-27850-27940 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, July 28, 2015

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Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that Nifty would continue to see further down trend and hence traders are suggested to go short in the market and exactly same happened. Traders, who followed EquityPandit’s advice might have earned huge profits of the day. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open gap negative for the day. Technically, Analysis would still remain same and Indian Stock Market is still in negative trend. Trade is only in short side. The only trade as of now for traders is to either go short or hold short positions in the market. The next logical target for Nifty is 8250 and BankNifty is 18000. FIIs were net sellers of Rs.859.94 crores whereas DIIs were net buyers of Rs.238.66 crores in last trading session. Nifty would see strong support at 8315-8244-8200 whereas strong resistance would be seen at 8410-8450-8500 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Read Nifty and Major Stocks Outlook for This Week 

Important Results To Be Declared Today: BANKINDIA, DISHTV, HDFC, IDBI, MARUTI, PIDILITIND, PNB, SYNDIBANK, SPICEJET, TAJGVK, TATACOMM, TIDEWATER and UNIONBANK.

NSE Nifty: (8361) The support for the Nifty is 8315-8244-8200 and the resistance to the up move is at 8410-8450-8500 levels.

NSE BankNifty: (18213) The support for BankNifty is at 18080-17980-17800 and the resistance to the up move is at 18320-18410-18560 levels.

BSE Sensex: (27561) The support for the Sensex is at 27360-27140-27030 and the resistance to the up move is at 27710-27850-27940 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, July 27, 2015

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Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with negative bias. EquityPandit predicted that Indian Stock Market is still in negative trend and traders can hold their short position until Nifty breaches 8645 levels and BankNifty breaches 19110 levels and exactly same happened. Nifty held EquityPandit’s predicted support levels of 8559 for first half of trading session but breached those levels to fell down sharply as predicted by EquityPandit. Market fell down sharply from there and closed gap negative for the day. Traders who followed EquityPandit’s advice to hold their short positions might have earned huge profits for the day. BankNifty also saw lows right at EquityPandit’s predicted support levels of 18610 like a dot. Sensex also saw lows right at EquityPandit’s predicted support levels of 28080 like a dot. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open gap negative for the day. Now, we are into F&O Expiry week and huge volatility would be seen in a rangebound region Technically, Analysis would still remain same and Indian Stock Market is still in negative trend. Trade is in short side only and if Nifty breaches levels of 8500 by closing then a sharp fall can’t be ruled out in days to come. 8500 for Nifty is an important level to be looked out for. The only trade as of now for traders is to either go short or hold short positions in the market. FIIs were net buyers of Rs.6.62 crores whereas DIIs were net buyers of Rs.196.38 crores in last trading session. Nifty would see strong support at 8496-8470-8400 whereas strong resistance would be seen at 8600-8659-8670 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Read Nifty and Major Stocks Outlook for This Week 

Important Results To Be Declared Today: AMBUJACEM, BINANIIND, CENTURYTEX, INOXWIND, JINDALSAW, JUSTDIAL, MAHINDCIE, MRF, NAUKRI, TECHM and TORNTPHARM.

NSE Nifty: (8522) The support for the Nifty is 8496-8470-8400 and the resistance to the up move is at 8600-8659-8670 levels.

NSE BankNifty: (18636) The support for BankNifty is at 18499-18400-18321 and the resistance to the up move is at 18775-18860-19110 levels.

BSE Sensex: (28112) The support for the Sensex is at 28030-27897-27774 and the resistance to the up move is at 28250-28400-28550 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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Colgate Palmolive Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for Colgate Palmolive for week (July 27, 2015 – July 31, 2015):

 

COLGATE PALMOLIVE:

 

COLGATE

Colgate Palmolive (NSE: COLPAL) closed the week on positive note gaining more than 1%.

As we have mentioned last week that if the stock manages to cross over the levels of 2060 the stock can move to the levels of 2100 to 2150 where upwards moving trend-line is positioned. The stock hit a high of 2090 during the week and corrected to the levels of 2060.

If the stock manages to close above the levels of 2090 the stock can move to the levels of 2150 where upward moving trend-line is positioned.

Support for the stock lies in the zone of 2010 to 2030 where 100 Daily SMA and short term moving averages are lying.

Resistance for the stock lies in the zone of 2090 to 2110.

Broad range for the stock is seen between 2010 to 2030 on lower end and 2100 to 2120 on upper end.

Dabur Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for Dabur for week (July 27, 2015 – July 31, 2015):

 

DABUR:

 

DABUR

Dabur closed the week on positive note gaining more than 1%.

As we have mentioned last week that the stock can face stiff resistance in the zone of 300 to 305 and during the week the stock hit a high of 304.5 and sold off to the levels of 296.

The stock has formed a Shooting star pattern on weekly charts indicating the end of the uptrend in the stock. The stock has to sustain above the levels of 305 to negate this pattern.

Support for the stock lies in the zone of 280 to 285 where short term, medium term moving averages and trend-line support are positioned.

Resistance for the stock lies in the zone of 305 to 310 levels.

Broad range for the stock is seen between 280 to 285 on lower end and 305 to 310 on upper end.

Hindustan Unilever Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for Hindustan Unilever for week (July 27, 2015 – July 31, 2015):

 

HINDUSTAN UNILEVER:

 

HINDUNILEVER

Hindustan Unilever (NSE: HINDUNILVR) closed the week on negative note losing around 2%.

As we have mentioned last week that the stock has been facing stiff resistance around the levels of 930 to 940 and the stock is selling off to the levels of sub 900. Also the stock has formed a Bearish engulfing pattern on daily charts. The stock has to close above the levels of 940 to negate this pattern. The stock sold off to the levels of 870 before recovering to the levels of 907 during the week.

Since last 1 month the stock has been moving in the range of 870 on downside to 940 on upside. It seems the stock is consolidating in the range before breaking out of the range. A break of the range on either side can take the stock further 4% – 5% in that direction.

Support for the stock lies in the range of 870 to 890 where 100 Daily SMA and trend-line support are positioned.

Resistance for the stock lies in the range of 930 to 940.

Broad range for the stock in coming week is seen between 860 to 880 on downside and 930 to 950 on upside.

ITC Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for ITC for week (July 27, 2015 – July 31, 2015):

 

ITC:

 

ITC

ITC closed the week on negative note losing more than 2%.

As we have mentioned last week that the stock is approaching towards the strong resistance zone of 325 to 330 levels where 100 Daily SMA and 20 Weekly EMA are lying. The stock made a high of 323 levels and sold off to the levels of 310 during the week.

The stock has formed a Bearish Harami pattern on weekly charts in an uptrend indicating the trend reversal. The stock has to sustain above the levels of 324 to negate this pattern.

Support for the stock lies in the zone of 300 to 305 where 1000 Daily SMA and 200 Weekly SMA are lying.

Resistance for the stock lies in the zone of 315 to 320 where 50 Daily EMA and 100 Daily SMA are lying.

Broad range for the stock in coming week is seen between 300 to 305 on downside and 320 to 325 on upside.

Cipla Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for Cipla for week (July 27, 2015 – July 31, 2015):

 

CIPLA:

 

CIPLA

 

 

CIPLA closed the week on negative note losing around 1%.

As we have mentioned last week that the next resistance for the stock lies in the zone of 700 to 720 levels where lower end of upward moving channel is positioned. The stock hit a high of 691 during the week and sold off to the levels of 660 before recovering to the levels of 678.

The stock has formed a Shooting star pattern on 24/07/2015, so stock has to move above the levels of 686 for uptrend to resume.

Support for the stock lies in the zone of 660 where 100 Daily SMA is lying. Below which the stock can drift to the levels of 650 where 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 690 to 700.

Broad range for the stock is seen in the range of 640 – 660 on downside to 700 – 720 on upside.

Dr. Reddy Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for Dr. Reddy for week (July 27, 2015 – July 31, 2015):

 

DR. REDDY:

 

DRREDDY

Dr. Reddy closed the week on positive note gaining around 1%.

As we have mentioned last week that if the stock manages to cross above the channel resistance positioned around the levels of 3950, we may see stock moving towards the levels of 4200. The stock hit a high of 3965 levels on 23/07/2015 but could not sustain above it and close the day on 3913.

On 24/07/2015, the stock could not move above the levels of 3950.

The stock has formed a Doji pattern on weekly charts in an uptrend indicating confusion among the traders about the further direction of the stock.

For uptrend to continue the stock has to close above the levels of 3965. If the stock manages to cross above the resistance zone of 3965 the stock can move to the levels of 4100.

Support for the stock lies in the zone of 3750 to 3800 where short term moving averages are positioned.

Broad range for the stock is seen from 3750 – 3800 on downside to 4000 – 4050 on upside.

 

Lupin Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for Lupin for week (July 27, 2015 – July 31, 2015):

 

LUPIN:

 

LUPIN

Lupin closed the week on negative note losing more than 15%.

As we have mentioned last week that if the stock manages to cross above the trend-line resistance positioned around the levels of 2000 we may see stock moving towards the levels of 2100. The stock hit a high of 1983 levels and sold off to the levels of 1672, a drop of around 15% during the week.

As seen from the chart the stock is approaching towards the strong support zone of 1650 where 200 Daily SMA and channel support are positioned.

Resistance for the stock lies in the zone of 1700 to 1730.

Broad range for the stock is seen from 1600 – 1630 on downside to 1700 – 1750 on upside.

Sun Pharma Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for Sun Pharma for week (July 27, 2015 – July 31, 2015):

 

SUN PHARMA:

 

SUNPHARMA

 

 

SUN PHARMA closed the week on negative note losing around 12%.

As we have mentioned last week that the stock has formed a Shooting Star pattern on daily charts around the strong resistance zone of 960 levels in an uptrend indicating the trend reversal. Also the stock has virtually filled the gap which was created when the stock opened gap down on 01/06/2015. The stock could not move above the resistance zone of 960 levels and sold off during the week on the back of news flow from the company regarding earnings downgrade.

On the back of bad news from the company the stock sold off and has taken support around the zone of 800 from where the stock has bounced back multiple times.

The stock has to sustain above the levels of 860 to resume the uptrend.

Support for the stock is seen in the zone of 800 below which the stock can drift to the levels of 750.

Broad range for the stock in the coming week can be 800 – 810 on lower side to 860 – 880 on upper side.

 

Wipro Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for Wipro for week (July 27, 2015 – July 31, 2015):

 

WIPRO:

 

WIPRO

 

 

Wipro closed the week on absolutely flat note.

As seen from the chart the stock has retraced from the upper end of the channel pattern which the stock is following since the month of April 2015. The lower end of the channel lies around the levels of 550.

The stock has formed a Shooting Star pattern on weekly charts indicating the end of the uptrend in the stock. The stock has to sustain above the levels of 594 to negate this pattern.

The stock has also closed below the 100 Daily SMA and 200 Daily SMA positioned around the levels of 580.

Support for the stock lies in the zone 550 to 560 where 500 Daily SMA and channel support are positioned.

Resistance for the stock lies in the zone of 580 to 590 where 100 Daily SMA and 200 Daily SMA are lying.

Broad range for the stock in the coming week is seen between 530 to 540 on downside to 580 to 600 on upside.

HCL Tech Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for HCL Tech for week (July 27, 2015 – July 31, 2015):

 

HCL TECHNOLOGIES:

 

HCLTECH

HCL Technologies (NSE: HCLTECH) closed the week on absolutely flat note.

As we have mentioned last week that if the stock manages to cross over the resistance zone of 970 to 980 the stock can move to the levels of 1000 to 1020 where upward sloping trend-line is positioned. The stock hit a high of 995 during the week and sold off to the levels of 950.

The stock has formed a Shooting Star pattern on Weekly charts indicating the end of the uptrend in the stock. The stock has to sustain above the levels of 995 to negate this pattern.

As seen from the chart, stock is approaching towards the strong support zone of 950 levels where 100 Daily SMA and upwards moving trend-line are positioned.

Below the levels of 950 the stock can drift to the levels of 900 to 930 where 200 Daily SMA and trend-line support are positioned.

Broad range for the stock in the coming week is seen between 920 to 930 on downside to 980 to 1000 on upside.

TCS Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for TCS for week (July 27, 2015 – July 31, 2015):

 

TATA CONSULTANCY SERVICES:

 

TCS

Tata Consultancy Services (NSE: TCS) closed the week on negative note losing more than 2%.

The stock has formed a Bullish Harami pattern on daily charts on 24/07/2015 indicating the end of the downtrend in the stock.

Support for the stock lies in the range of 2480 below which the stock can drift to the levels of 2450 where multiple trend-lines are positioned.

Resistance for the stock lies in the zone of 2550 to 2580 where 100 Daily SMA and 200 Daily SMA are positioned.

Broad range for the stock in the coming week is seen between 2480 to 2520 on downside to 2620 to 2650 on upside.

Infosys Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for Infosys for week (July 27, 2015 – July 31, 2015):

 

INFOSYS:

 

INFY

Infosys (NSE: INFY) closed the week on positive note gaining more than 8%.

On 21/07/2015, company announced the quarterly results which were above expectation and stock opened gap up of close to 5% and kept moving northwards.

The stock made the high of 1149 levels during the week.

Support for the stock lies in the zone of 1050 to 1060 where short term moving averages are positioned.

Resistance for the stock lies in the zone of 1120 to 1150 levels.

Broad range for the stock in the coming week is seen between 1050 to 1060 on downside to 1130 to 1150 on upside.

State Bank Of India Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for State Bank Of India for week (July 27, 2015 – July 31, 2015):

 

STATE BANK OF INDIA:

 

sbin

State Bank Of India (NSE: SBIN) closed the week on negative note losing around 3%.

As we have been suggesting since last 2 weeks that the stock is facing stiff resistance around the levels of 275 and the stock is finding it difficult to go above the levels of 275. This week also the stock retraced back from the levels of 272 to end the week at 263 levels.

The stock has formed a Evening Star pattern on daily and weekly charts indicating the end of the uptrend in the stock.

The stock has to close above the levels of 275 to negate this pattern.

Support for the stock lies in the range of 255 where trend-line support are positioned.

Resistance for the stock lies in the range of 270 where short term moving averages and trend-line resistance are lying.

Broad range for the stock in the coming week can be 250 – 255 on lower side to 275 – 280 on upper side.

Axis Bank Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for Axis Bank for week (July 27, 2015 – July 31, 2015):

 

AXIS BANK:

 

axisbank

Axis Bank closed the week on negative note losing around 4%.

As we have mentioned last week that the stock has formed a Bearish Harami pattern on the daily charts in the uptrend indicating the trend reversal. The stock has to closed above the levels of 613 to negate this pattern. The stock could not closed above the levels of 613 and sold off during the week to the levels of 580.

The stock has formed a Bearish Harami pattern on Weekly Charts in an medium term uptrend which indicates the trend reversal. The stock has to sustain above the levels of 610 on weekly basis to negate this pattern.

Support for the stock lies in the zone of 560 to 570 where 50 Daily EMA and 100 Daily SMA are lying.

Resistance for the stock lies in the range of 600 to 610.

Broad range for the stock in the coming week can be 555 – 565 on lower side to 610 – 620 on upper side.

ICICI Bank Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for ICICI Bank for week (July 27, 2015 – July 31, 2015):

 

ICICI BANK:

 

icicibank

ICICI Bank closed the week on negative note losing more than 5%.

As we have mentioned last week that the stock has formed a Shooting Star pattern on daily chart and the stock has to sustain above the levels of 321 for uptrend to continue, but during the week the stock hit a high of 319.8 and sold off to the levels of 300.

Since last 1 month the stock has been moving in the range of 300 on downside to 320 on upside. If the stock breaks below the levels of 300 the stock can move to the levels of 280 where long term trend-line is positioned.

The stock is trading below short term and medium term moving averages which is suggesting that any uptrend in the stock will be sold off.

Support for the stock lies in the range of 280 to 285 where trend-line support for the stock lies.

Resistance for the stock lies in the range of 315 to 320 where short term and medium term moving averages are lying.

Broad range for the stock in the coming week can be 305 – 310 on lower side to 325 – 330 on upper side.

HDFC Bank Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for HDFC Bank for week (July 27, 2015 – July 31, 2015):

 

HDFC BANK:

 

hdfcbank

HDFC Bank closed the week on absolutely flat note.

During the week the stock hit a 52 Week High of 1128 levels.

As we have mentioned last week that the stock is moving into the channel pattern since May 2015 and the stock is approaching towards the upper end of the channel which is positioned around the levels of 1125 to 1135. The stock hit a high of 1128 during the week and retraced back to the levels of 1088 before closing the week at around 1108 levels.

So coming week we expect the stock to consolidate in the range of 1080 to 1130 levels.

If the stock breaks below the levels of 1080 the stock can drift to the levels of 1060.

Resistance for the stock lies in the range of 1120 to 1140.

Support for the stock lies in the range of 1070 to 1090 where short term moving averages are positioned.

Broad range for the stock in the coming week can be 1060 – 1080 on lower side to 1130 – 1150 on upper side.

CNX Energy Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for CNX Energy for week (July 27, 2015 – July 31, 2015):

 

CNX ENERGY:

 

CNXENERGY

CNX ENERGY index closed the week on absolutely flat note.

As we have mentioned last week that if the index manages to close above the levels of 9000 for couple of days then the index can move to the levels of 9200 where upward sloping trend-lines are positioned. During the week the index hit a high of 9149 levels.

On 24/07/2015, Reliance Industries announced the quarterly results which were in line with street expectation. So on 27/07/2015 the index will open as per the opening of Reliance stock.

If the index broke below the levels of 8700 the index can go to the levels of 8500 where trend-line supports are lying and the index will end the medium term uptrend.

Support for the index lies in the zone of 8700 to 8800 where 50 Daily EMA and 200 Daily SMA are positioned.

Resistance for the index is lying in the zone of 9100 to 9200 where trend-line are positioned.

Broad range for the index is seen between 8600 to 8700 on downside to 9200 to 9300 on upside.

CNX Auto Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for CNX Auto for week (July 27, 2015 – July 31, 2015):

 

CNX AUTO:

 

CNXAUTO

 

 

CNX AUTO index closed the week on absolutely flat note.

As we have suggested last weeks that the index has been approaching towards the trend-line resistance zone of 8600 and the index has to move above that levels for uptrend to continue. During the week the index hit a high of 8610 and retraced back to the levels of 8474.

On daily chart the index has formed a Evening Star pattern in an uptrend indicating the trend reversal. The index has to sustain over the levels of 8600 to negate this pattern.

The index has formed a doji on weekly charts in an uptrend indicating the confusion among the traders about the further move of the index.

The index has support around the zone of 8400 where 100 Daily and 200 Daily SMA is lying. Below which the index can drift to the levels of 8200.

Resistance for the index lies in the zone of 8550 to 8600 where trend-line resistance is lying.

Broad range for the index is seen from 8300 to 8350 on downside to 8600 to 8650 on upside.

CNX Pharma Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for CNX Pharma for week (July 27, 2015 – July 31, 2015):

 

CNX PHARMA:

 

CNXPHARMA

CNX PHARMA index closed the week on negative note losing around 7%.

As we have mentioned last week that the resistance for the index lies in the range of 13300 to 13400 where Fibonacci retracement is lying for the entire down move, the index hit a high of 13200 during the week and sold off to the levels of 12180.

On 21/07/2015, Sun Pharma raised the red flag on the earning outlook which spook the pharma sector and the index opened gap down of more than 5%. During the week Lupin the other pharma major disappointed on earnings front and the index could not recover.

The index has closed the week below the 100 Daily SMA which was lying around the levels of 12400.

Support for the index lies in the zone of 11800 to 12000 where 200 Daily SMA is lying.

Resistance for the index lies in the zone of 12500 where short term moving averages and 100 Daily SMA is lying.

Broad range for the index is seen from 11800 to 12000 on downside to 12600 to 12700 on upside.

CNX FMCG Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for CNX FMCG for week (July 27, 2015 – July 31, 2015):

 

CNX FMCG:

 

cnxfmcg

CNX FMCG index closed the week on negative note losing around 1%.

As we have mentioned last week that if the index cross above the levels of 20300 the index can move towards the levels of 21000. The index hit a high of around 20635 during the week and sold off to the levels of 20100 before closing the week around the levels of 20300.

The index has taken the support around the zone of 20100 to 20200 where 100 Daily SMA, 200 Daily SMA and trend-line support are positioned.

If the support level of 20000 broken the index can drift to the levels of 19500 to 19800 levels.

Support for the index lies in the range of 19800 to 20100 where short term and long term moving averages are positioned.

Resistance for the index lies in the zone of 20600. If the index manages to cross above the resistance zone of 20600 the index can move to the levels of 21000.

Broad range for the index in the coming week is seen from 19700 on downside to 21000 on upside.

CNX IT Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for CNX IT for week (July 27, 2015 – July 31, 2015):

 

CNX IT:

 

cnxit

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

As we have mentioned that if the index manages to close above the levels of 11200 the index will breakout of the triangle pattern and targets for the same can be in the range of 12000 in 3 to 4 months time frame. The index hit a high of 11798 and retraced back to the levels of 11450.

As it is seen from the chart above that the index has hit the high at the upper end of the channel pattern.

The index has to sustain over the levels of 11600 to breakout of the channel pattern or else the index can fall to the levels of 11000. The index has a strong resistance in the zone of 11600 where 100 Daily SMA and 200 Daily SMA is lying.

Support for the index lies around the levels of 11300 where short term moving averages are lying.

Resistance for the index lies in the range of 11600 to 11800 where 100 & 200 Daily SMA is lying.

Broad range for the index in the coming week is seen from 11000 on downside to 11800 on upside.

Bank Nifty Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for Bank Nifty for week (July 27, 2015 – July 31, 2015):

 

BANK NIFTY:

 

banknifty

Bank Nifty ended the week with the loss of more than 2% .

As we have been suggesting since last 2 weeks that the index has to move above the trend-line resistance positioned around the levels of 19300 but index does not move above that levels for the second time and the index sold off to the levels of 18600.

The index has formed a Bearish engulfing pattern on weekly charts which may suggest the end of the uptrend. The index has to sustain over 19200 levels to negate this pattern.

As we are approaching in the expiry week the index can be volatile in the range of around 18300 on downside to 19200 on upside.

Options data suggest the logical support for the index on downside can be in the zone of 18300 to 18500 as 18000 and 18500 put options have close to 8.00 lac and 5.00 lacs shares outstanding respectively.

Technically the support for the index lies in the zone of 18400 where 50 Daily EMA and 100 Daily SMA is lying.

Range for the week is seen from 18300 to 18500 on downside to 19200 to 19500 on upside.

Nifty Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for Nifty for week (July 27, 2015 – July 31, 2015):

 

NIFTY:

 

nifty

Nifty ended the week with the loss of around 1%.

As we have suggested last week that the index is moving in a channel pattern from 26/06/2015 and according to that channel the next target for the index lies in the range of 8680 to 8720 levels and the index hit a high of around 8655 and retraced back.

The coming week will be the expiry week so we can expect the volatility in the markets.

As per the options data it is seen that the index has the logical support around the levels of 8450 to 8480 zone as 8500 Put options has the highest open interest outstanding.

On the call side the highest open interest lies in the 8600 and 8700 strike price which will cap the index on any up-move.

Technically also the index has the support around the zone of 8430 to 8480 where 20 Daily EMA and 50 Daily EMA are lying.

Resistance for the index lies in the zone of 8600 to 8650.

Range for the week is seen from 8350 to 8450 on downside to 8650 to 8750 on upside.

Advice for – Friday, July 24, 2015

ep

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. EquityPandit predicted that market is still in negative zone and would see strong resistance near 8659 levels for Nifty. EquityPandit also predicted that 19110 would act as strong resistance for BankNifty and if it closes above those levels then it would enter into positive trend else negative trend would continue and exactly same happened. Indian Stock Market opened positive but saw strong resistance right near EquityPandit’s predicted resistance levels of 8659 for Nifty and 19110 levels for BankNifty. Indian Stock Market was not able to breach EquityPandit’s predicted resistance levels and fell down sharply and saw lows right near EquityPandit’s predicted support levels of 8567 for Nifty. Finally, Indian Stock Market closed negative for the day. BankNifty closed exactly at EquityPandit’s predicted support levels of 18865 like a dot.

Today: Indian Stock Market would open negative for the day. Technically, Analysis would still remain same and Indian Stock Market is still in negative trend. BankNifty if closes above 19110 levels then it would again enter into positive trend. Till then market is still negative and we could see some consolidation in this range. Traders should still hold their short levels until BankNifty breaches levels of 19110 by closing. Nifty, if closes above levels of 8645 levels then we could see levels of 8737-8800 in days to come but if Nifty doesn’t hold 8645 then a sharp downfall is intact. FIIs were net buyers of Rs.185.42 crores whereas DIIs were net sellers of Rs.276.69 crores in last trading session. Nifty would see strong support at 8559-8540-8496-8470 whereas strong resistance would be seen at 8659-8670-8710 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Read Nifty and Major Stocks Outlook for This Week 

Important Results To Be Declared Today: ABB, ATUL, AXISBANK, BEL, CROMPGREAV, HITACHIHOM, KSBPUMPS, M&MFIN, RELIANCE, SUPREMEIND, TATAELXSI, TVSMOTOR and VIPIND.

NSE Nifty: (8590) The support for the Nifty is 8559-8540-8496-8470 and the resistance to the up move is at 8659-8670-8710 levels.

NSE BankNifty: (18865) The support for BankNifty is at 18734-18610-18533 and the resistance to the up move is at 19110-19376-19440 levels.

BSE Sensex: (28371) The support for the Sensex is at 28325-28245-28080 and the resistance to the up move is at 28550-28641-28765 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, July 23, 2015

ep

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative for the day. Nifty saw highs right at EquityPandit’s predicted resistance levels of 8643 like a dot. Market saw a sharp rebound trapping all short and finally, closed in gap positive for the day.

Today: Indian Stock Market would open flat with positive bias for the day. Technically, Indian Stock Market is still in negative zone but BankNifty if closes above 19110 levels then it would again enter into positive trend. Till then market is still negative and we could see some consolidation in this range. Nifty, if stays above levels of 8645 levels then we could see levels of 8737-8800 in days to come but if Nifty doesn’t hold 8645 then a sharp downfall is intact. FIIs were net buyers of Rs.450.32 crores whereas DIIs were net sellers of Rs.351.77 crores in last trading session. Nifty would see strong support at 8567-8540-8470 whereas strong resistance would be seen at 8659-8670-810-8737 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Read Nifty and Major Stocks Outlook for This Week 

Important Results To Be Declared Today: ALSTOMT&D, BAJAJ-AUTO, BIOCON, DHFL, GAIL, GRANULES, HIMATSEIDE, INDIANB, L&TFH, LUPIN, RALLIS, STRTECH, TTKPRESTIG and UNITED SPIRITS.

NSE Nifty: (8634) The support for the Nifty is 8567-8540-8470 and the resistance to the up move is at 8659-8670-810-8737 levels.

NSE BankNifty: (18997) The support for BankNifty is at 18865-18734-18610-18533 and the resistance to the up move is at 19110-19376-19440 levels.

BSE Sensex: (28504) The support for the Sensex is at 28325-28245-28080 and the resistance to the up move is at 28550-28641-28765 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, July 22, 2015

ep

Last Trading Session: Indian Stock Market opened flat for the day and huge volatility was seen in the market in last trading session as few major Indian companies disclosed their financial results. EquityPandit predicted breaching levels of 18900 for BankNifty would confirm trend reversal and traders can go short in BankNifty in that case and exactly same happened. Traders, who followed EquityPandit’s advice to go short in BankNifty below levels of 18900 might have earned good profits for the day. Sensex made highs right near EquityPandit’s predicted resistance levels of 28530 levels and fell down sharply from there. Nifty also saw highs right at EquityPandit’s predicted resistance levels of 8643 like a dot and fell down sharply. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open negative for the day. Technically, Indian Stock Market has entered into negative zone and traders should hold their short positions for now. But anyhow, BankNifty levels are capped at 18500 and it looks hard to breach those levels, so levels near 18500 would be the good levels to book profits in short positions. FIIs were net sellers after first time since July 13, 2015. FIIs were net sellers of Rs.226.88 crores whereas DIIs were net buyers of Rs.146.32 crores in last trading session. Nifty would see strong support at 8470-8450-8432 whereas strong resistance would be seen at 8600-8643-8670 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Read Nifty and Major Stocks Outlook for This Week 

Important Results To Be Declared Today: BAJAJFINSV, BAJAJFINSV, CEATLTD, CONCOR, JSWENERGY, KINETICENG, KPIT, MUTHOOTFIN, NETWORK18, NOVARTIND, PVR, SKSMICRO, TATAMETALI, TEXRAIL, TV18BRDCST and UBL.

NSE Nifty: (8529) The support for the Nifty is 8470-8450-8432 and the resistance to the up move is at 8600-8643-8670 levels.

NSE BankNifty: (18723) The support for BankNifty is at 18533-18409-18289 and the resistance to the up move is at 18940-19020-19110 levels.

BSE Sensex: (28182) The support for the Sensex is at 28110-27986-27800 and the resistance to the up move is at 28360-28440-28530 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, July 21, 2015

ep

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. EquityPandit predicted that market would consolidate in a rangebound region and may see some choppiness for the day and exactly same happened. Indian Stock Market consolidated between EquityPandit’s predicted support and resistance levels of 8540 and 8643 respectively. BankNifty also closed just above EquityPandit’s predicted support levels of 19020. Sensex also consolidated exactly between EquityPandit’s support and resistance levels of 28325 and 28530 levels respectively. Finally, Indian Stock Market closed flat with negative bias.

Today: Infosys results would be disclosed at 8:45 AM today before market hours and Indian Stock Market would open based on the Infy results. Today, results of other major Indian companies like Asian Paints, HDFC Bank, Hindustan Unilever, Eicher Motors, etc are going to be disclosed that would affect Indian Stock Market direction. Technically, Analysis would still remain same and Market is still in positive trend. Closing below levels of 18900 for BankNifty would confirm trend reversal and traders should go short in that case, till then BankNifty is in positive trend. The major trendline of resistance for Nifty is at 8800 and BankNifty is at 19400. Nifty if ends this month above 8800 then we could see a sharp bull trend in months to come that may take Indian Market to new highs. Traders can continue to hold long positions but can remain cautious near 8800 levels for Nifty and 19400-19500 levels for BankNifty because there is a some probability of short-term reversal from those levels. Government is expected to push some major reforms in upcoming parliamentry session and if so happens, that would be the major trigger for the sharp positive movement in the market. FIIs were net buyers of Rs.714.4 crores whereas DIIs were net sellers of Rs.848.76 crores in last trading session. Nifty would see strong support at 8570-8540-8470 whereas strong resistance would be seen at 8643-8710-8741 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Read Nifty and Major Stocks Outlook for This Week 

Important Results To Be Declared Today: ASIANPAINT, CAIRN, EDELWEISS, EICHERMOT, HDFCBANK, HINDUNILVR, IBULHSGFIN, IDEA, INFY, SANOFI, SKFINDIA, TATASPONGE and WHIRLPOOL.

NSE Nifty: (8603) The support for the Nifty is 8570-8540-8470 and the resistance to the up move is at 8643-8710-8741 levels.

NSE BankNifty: (19033) The support for BankNifty is at 18984-18865-18734 and the resistance to the up move is at 19376-19440-19535 levels.

BSE Sensex: (28420) The support for the Sensex is at 28325-28245-28080 and the resistance to the up move is at 28530-28641-28765 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, July 20, 2015

ep

Last Trading Session: Indian Stock Market opened flat with positive bias. EquityPandit predicted that market is still in positive trend but Nifty may see strong resistance at 8637 levels and exactly same happened. Indian Stock Market moved up sharply but saw strong resistance near EquityPandit’s predicted resistance levels of 8637 and fell down sharply from there. Finally, Market closed flat for the day.

Today: Indian Stock Market to open flat with positive bias. Technically, Analysis would still remain same and Market is still in positive trend. Now market may consolidate in a rangebound region and may see some choppiness. The major trendline of resistance for Nifty is at 8800 and BankNifty is at 19400. Nifty if ends this month above 8800 then we could see a sharp bull trend in months to come that may take Indian Market to new highs. Traders can continue to hold long positions but can remain cautious near 8800 levels for Nifty and 19400-19500 levels for BankNifty because there is a some probability of short-term reversal from those levels. If Government pushes some reforms in days to come then it would add fuel to the positive fire in the market and we could see new highs in days to come. FIIs were net buyers of Rs.605.56 crores whereas DIIs were net sellers of Rs.175.15 crores in last trading session. Nifty would see strong support at 8570-8540-8470 whereas strong resistance would be seen at 8643-8710-8741 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Read Nifty and Major Stocks Outlook for This Week 

Important Results To Be Declared Today: HINDZINC, LICHSGFIN, SASKEN, TATACOFFEE, ULTRACEMCO and WELSPUNIND.

NSE Nifty: (8610) The support for the Nifty is 8570-8540-8470 and the resistance to the up move is at 8643-8710-8741 levels.

NSE BankNifty: (19095) The support for BankNifty is at 19020-18984-18865 and the resistance to the up move is at 19376-19440-19535 levels.

BSE Sensex: (28463) The support for the Sensex is at 28325-28245-28080 and the resistance to the up move is at 28530-28641-28765 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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Colgate Palmolive Outlook for Next Week (July 20, 2015 – July 24, 2015)

EquityPandit’s Outlook for Colgate Palmolive for week (July 20, 2015 – July 24, 2015):

 

COLGATE PALMOLIVE:

 

COLGATE

Colgate Palmolive (NSE: COLPAL) closed the week on positive note gaining around 2%.

The stock has formed a Bullish Harami pattern on weekly charts indicating the end of downtrend in the stock.

The stock has been facing the resistance around the downward sloping trend-line positioned at the levels of 2060.

If the stock manages to cross over the levels of 2060 the stock can move to the levels of 2100 to 2150 where upwards moving trend-line is positioned.

Support for the stock lies in the range of 1980 to 2000 where short term moving averages are positioned.

Broad range for the stock is seen between 1980 to 2000 on lower end and 2080 to 2120 on upper end.

Dabur Outlook for Next Week (July 20, 2015 – July 24, 2015)

EquityPandit’s Outlook for Dabur for week (July 20, 2015 – July 24, 2015):

 

DABUR:

 

DABUR

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

The stock hit the 52 week high of around 300 levels during the week and sold off to the levels of 290.

Support for the stock lies in the zone of 280 to 285 where short term, medium term moving averages and trend-line support are positioned.

Resistance for the stock lies in the zone of 300 to 305 levels.

Broad range for the stock is seen between 275 to 280 on lower end and 300 to 305 on upper end.

Hindustan Unilever Outlook for Next Week (July 20, 2015 – July 24, 2015)

EquityPandit’s Outlook for Hindustan Unilever for week (July 20, 2015 – July 24, 2015):

 

HINDUSTAN UNILEVER:

 

HINDUNILEVER

Hindustan Unilever (NSE: HINDUNILVR) closed the week on positive note gaining around 4%.

As we have mentioned last week that the stock is approaching towards the support zone of 870 to 890 where 100 Daily SMA and downward sloping channel are positioned and the stock bounced back from that levels to hit the high of 940 levels.

Since last 2 weeks the stock has been facing stiff resistance around the levels of 930 to 940 and the stock is selling off to the levels of sub 900.

The stock has formed a Bearish engulfing pattern on daily charts. The stock has to close above the levels of 940 to negate this pattern.

If the stock manages to close above the levels 940 we may see stock moving towards the levels of 960 to 980 levels.

Support for the stock lies in the range of 890 to 910 where short term moving averages are lying.

Broad range for the stock in coming week is seen between 870 to 890 on downside and 950 to 970 on upside.

ITC Outlook for Next Week (July 20, 2015 – July 24, 2015)

EquityPandit’s Outlook for ITC for week (July 20, 2015 – July 24, 2015):

 

ITC:

 

ITC

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

During the week stock managed to cross over the stiff resistance zone of 318 and also close the week above that levels. As we have mentioned last week that if the stock manages to close above the resistance zone of 318 the stock can move to the levels of 325 and the stock hit the high of 324 during the week.

The stock is approaching towards the strong resistance zone of 325 to 330 levels where 100 Daily SMA and 20 Weekly EMA are lying.

If the stock manages to close above this levels the stock can move to the levels of 340.

Support for the stock lies in the range of 310 to 315 where short term moving averages are positioned.

Broad range for the stock in coming week is seen between 310 to 315 on downside and 330 to 340 on upside.

Cipla Outlook for Next Week (July 20, 2015 – July 24, 2015)

EquityPandit’s Outlook for Cipla for week (July 20, 2015 – July 24, 2015):

 

CIPLA:

 

CIPLA

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

During the week stock manage to cross above the 100 Daily and 200 Daily SMA effortlessly and close the week on virtually high point of 685 levels.

As seen from the chart the next resistance for the stock lies in the zone of 700 to 720 levels where lower end of upward moving channel is positioned.

Support for the stock lies in the zone of 650 to 660 where short term moving averages and 100 Daily SMA are positioned.

Broad range for the stock is seen in the range of 640 – 660 on downside to 700 – 720 on upside.

Dr. Reddy Outlook for Next Week (July 20, 2015 – July 24, 2015)

EquityPandit’s Outlook for Dr. Reddy for week (July 20, 2015 – July 24, 2015):

 

DR. REDDY:

 

DRREDDY

Dr. Reddy closed the week on positive note gaining more than 3%.

The stock has been in the strong uptrend and has gained close to 19% from the lows which was formed on 16/06/2015.

The stock has made a life time high of 3888 on 17/07/2015 indicating the strong uptrend in the stock.

If the stock manages to cross above the channel resistance positioned around the levels of 3950, we may see stock moving towards the levels of 4200.

Support for the stock lies in the zone of 3750 to 3800 where short term moving averages are positioned.

Broad range for the stock is seen from 3750 – 3800 on downside to 3950 – 4000 on upside.

 

Lupin Outlook for Next Week (July 20, 2015 – July 24, 2015)

EquityPandit’s Outlook for Lupin for week (July 20, 2015 – July 24, 2015):

 

LUPIN:

 

LUPIN

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

As we have been mentioning since last 2 weeks that the stock is facing stiff resistance around the zone of 1900 where upward moving trend-line are positioned. If the stock manages to close above the levels of 1920 we may see huge spurt in the stock which may take the stock to the levels of 2000 and the stock hit the high of 1983 on 17/07/2015.

If the stock manages to cross above the trend-line resistance positioned around the levels of 2000 we may stock moving towards the levels of 2100.

Support for the stock lies in the range of 1900 to 1920 where short term moving averages are lying.

Resistance for the stock lies in the range of 2020 to 2050 where upward moving trend-line are positioned.

Broad range for the stock is seen from 1880 – 1900 on downside to 2050 – 2100 on upside.

Sun Pharma Outlook for Next Week (July 20, 2015 – July 24, 2015)

EquityPandit’s Outlook for Sun Pharma for week (July 20, 2015 – July 24, 2015):

 

SUN PHARMA:

 

SUNPHARMA

 

 

SUN PHARMA closed the week on positive note gaining around 5%.

As we have mentioned last week that the stock is approaching towards the upward sloping trend-line resistance positioned around the levels of 920. Above the levels of 920 the stock can move to the levels of 960 where 100 Daily SMA is lying and the stock hit a high of 957 on 17/07/2015 before retracing back to the levels of 947.

The stock has formed a Shooting Star pattern on daily charts around the strong resistance zone of 960 levels in an uptrend indicating the trend reversal. Also the stock has virtually filled the gap which was created when the stock opened gap down on 01/06/2015.

If the stock manages to close above the levels of 960, the stock can move to the levels of 980 to 1000 in short span.

Support for the stock is seen in the zone of 900 to 920 where short term moving averages are positioned.

Broad range for the stock in the coming week can be 880 – 900 on lower side to 980 – 1000 on upper side.

Wipro Outlook for Next Week (July 20, 2015 – July 24, 2015)

EquityPandit’s Outlook for Wipro for week (July 20, 2015 – July 24, 2015):

 

WIPRO:

 

WIPRO

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

As we have mentioned last week that the stock has formed a Inverted Hammer pattern on weekly charts in a downtrend indicating the trend reversal. The stock started the week on the positive note and gained more than 5% during the week but sold off on 17/07/2015 from the stiff resistance zone of 580 levels.

The stock has formed a Evening Star pattern on Daily chart indicating the end of the uptrend in the stock.

The stock has to close above the stiff resistance zone of 580 where 100 and 200 Daily SMA are lying to negate this pattern.

Support for the stock is seen in the zone of 550 to 560 where short term moving averages are positioned.

Resistance for the stock lies in the range of 570 to 580 where long term moving averages and trend-line resistances are lying.

Broad range for the stock in the coming week is seen between 530 to 540 on downside to 580 to 600 on upside.

HCL Tech Outlook for Next Week (July 20, 2015 – July 24, 2015)

EquityPandit’s Outlook for HCL Tech for week (July 20, 2015 – July 24, 2015):

HCL TECHNOLOGIES:

 

HCLTECH

HCL Technologies (NSE: HCLTECH) closed the week on positive note gaining around 3%.

This week also the stock hit a high of 973 and retraced to the levels of 955. Since last 2 weeks the stock has been trying to take out the resistance zone of 970 to 980 but all the attempts are failing.

If the stock manages to cross over the resistance zone of 970 to 980 the stock can move to the levels of 1000 to 1020 where upward sloping trend-line is positioned.

Support for the stock lies in the range of 930 to 940 where short term moving averages are positioned.

Broad range for the stock in the coming week is seen between 920 to 930 on downside to 980 to 1000 on upside.

TCS Outlook for Next Week (July 20, 2015 – July 24, 2015)

EquityPandit’s Outlook for TCS for week (July 20, 2015 – July 24, 2015):

 

TATA CONSULTANCY SERVICES:

 

TCS

Tata Consultancy Services (NSE: TCS) closed the week on positive note gaining around 4%.

As we have mentioned last week that the stock has the strong support in the range of 2450, the stock bounced back during the week and close at virtually high point of the week.

During the week the stock also managed to cross over the declining trend-line resistance around the levels of 2530.

The stock has closed around the stiff resistance zone of 2550 to 2570 levels. If the stock manages to close above this resistance zone the stock can move to the levels of 2650.

Support for the stock lies in the range of 2480 to 2500 where short term moving averages are positioned.

Resistance for the stock lies in the range of 2550 to 2570 levels where downward sloping trend-line are positioned and 100 Daily SMA are lying.

Broad range for the stock in the coming week is seen between 2480 to 2520 on downside to 2620 to 2650 on upside.

Infosys Outlook for Next Week (July 20, 2015 – July 24, 2015)

EquityPandit’s Outlook for Infosys for week (July 20, 2015 – July 24, 2015):

 

INFOSYS:

 

INFY

Infosys (NSE: INFY) closed the week on positive note gaining around 7%.

As we have mentioned last week that the stock has broken down from the Head & Shoulder pattern and the targets for the same can be in the range of 750 to 800. On 14/07/2015 stock managed to close above the levels of 940 i.e. Neckline of Head & Shoulder pattern.

During the week stock also managed to close above the levels of 980 where upward sloping trend-line is positioned.

As seen from the chart if the stock manages to close above the levels of 1010 the stock can move to the levels of 1030 to 1040.

1000 to 1010 is the stiff resistance zone for the stock as 100 Daily EMA and 200 Daily EMA are positioned around this levels.

Support for the stock lies in the zone of 950 to 960 where short term moving averages and trend-line support are positioned.

Broad range for the stock in the coming week is seen between 950 to 960 on downside to 1030 to 1040 on upside.

 

State Bank Of India Outlook for Next Week (July 20, 2015 – July 24, 2015)

EquityPandit’s Outlook for State Bank Of India for week (July 20, 2015 – July 24, 2015):

 

STATE BANK OF INDIA:

 

sbin

State Bank Of India (NSE: SBIN) closed the week on absolutely flat note.

The stock has been facing stiff resistance in the range of 270 to 280 where 100 Daily SMA and trend-line are positioned and the stock hit the high of 274.35 on 13/07/2015 and retraced to the levels of 267.

The stock has been consolidating in the range of 265 to 275 since last 2 weeks.

The stock is finding it difficult to go past the stiff resistance zone of 275, if the stock closes above the levels of 275 we may see stock moving towards the levels of 300.

Support for the stock lies in the range of 265 where 200 Daily SMA, short term moving averages and trend-line support are positioned.

Broad range for the stock in the coming week can be 260 – 265 on lower side to 280 – 290 on upper side.

Axis Bank Outlook for Next Week (July 20, 2015 – July 24, 2015)

EquityPandit’s Outlook for Axis Bank for week (July 20, 2015 – July 24, 2015):

 

AXIS BANK:

 

axisbank

Axis Bank closed the week on positive note gaining around 4%.

As we have been mentioning since last 2 weeks the stock is facing stiff resistance around the levels of 589 where trend-line is positioned and above the levels of 589 we could see stock moving towards the levels of 600 to 620 and the stock hit a high of around 613 during the week.

The stock has formed a Bearish Harami pattern in the uptrend indicating the trend reversal. The stock has to closed above the levels of 613 to negate this pattern.

Above the levels of 613 we could see stock moving towards the levels of 625.

Support for the stock lies in the range of 580 to 590 where short term moving averages and trend-line support are positioned.

Broad range for the stock in the coming week can be 570 – 580 on lower side to 630 – 640 on upper side.

ICICI Bank Outlook for Next Week (July 20, 2015 – July 24, 2015)

EquityPandit’s Outlook for ICICI Bank for week (July 20, 2015 – July 24, 2015):

 

ICICI BANK:

 

icicibank

 

 

ICICI Bank closed the week on positive note gaining more than 1%.

The stock is continuously facing stiff resistance around the zone of 315 to 320.

On 17/07/2015 stock tried to take out the resistance zone of 320 where 200 Daily SMA is lying but could not sustain over 320 and retraced back to the levels of 317. But stock managed to close above the resistance level of 315 where 100 Daily SMA is lying.

The stock has made a Shooting Star pattern on daily charts. So the stock has to close above the levels of 321 for uptrend to continue and to negate this pattern.

So next week we could see the stock consolidating in the range of 313 to 322 with positive bias. A breakout on either side can move the stock further 2% to 3% in that direction. If the stock manages to close above the levels of 325 we may see stock moving towards the levels of 340.

Support for the stock lies in the range of 309 to 313 where short term moving averages are lying.

Broad range for the stock in the coming week can be 305 – 310 on lower side to 325 – 330 on upper side.

HDFC Bank Outlook for Next Week (July 20, 2015 – July 24, 2015)

EquityPandit’s Outlook for HDFC Bank for week (July 20, 2015 – July 24, 2015):

 

HDFC BANK:

 

hdfcbank

HDFC Bank closed the week on positive note gaining around 2%.

During the week the stock hit a 52 Week High of 1120 levels.

The stock is moving into the channel pattern since May 2015 and the stock is approaching towards the upper end of the channel which is positioned around the levels of 1125 to 1135.

So coming week we expect the stock to consolidate in the range of 1080 to 1130 levels.

Resistance for the stock lies in the range of 1130 to 1150.

Support for the stock lies in the range of 1070 to 1090 where short term moving averages are positioned.

Broad range for the stock in the coming week can be 1060 – 1080 on lower side to 1130 – 1150 on upper side.

CNX Energy Outlook for Next Week (July 20, 2015 – July 24, 2015)

EquityPandit’s Outlook for CNX Energy for week (July 20, 2015 – July 24, 2015):

 

CNX ENERGY:

 

CNXENERGY

CNX ENERGY index closed the week on positive note gaining around 2.5%.

Since last 3 weeks the index has been moving in the range of 8700 on downside to 9000 on upside.

A breakout on either side will take the index more 2% to 3% in that direction.

If the index manages to close above the levels of 9000 for couple of days then the index can move to the levels of 9200 where upward sloping trend-lines are positioned.

If the index broke below the levels of 8700 the index can go to the levels of 8500 where trend-line supports are lying and the index will end the medium term uptrend.

Support for the index lies in the zone of 8700 to 8800 where 50 Daily EMA and 200 Daily SMA are positioned.

Resistance for the index is lying in the zone of 9100 to 9200 where trend-line are positioned.

Broad range for the index is seen between 8600 to 8700 on downside to 9200 to 9300 on upside.

CNX Auto Outlook for Next Week (July 20, 2015 – July 24, 2015)

EquityPandit’s Outlook for CNX Auto for week (July 20, 2015 – July 24, 2015):

 

CNX AUTO:

 

CNXAUTO

CNX AUTO index closed the week on positive note gaining around 3%.

During the week the index once again tried to take out the resistance zone of 8500 to 8600 where 100 Daily SMA and downward sloping trend-line are positioned.

If the index manages to cross above the levels of 8600 the index can move to the levels of 8800. Tata Motors is the stock which is dragging the index down.

Support for the index lies in the zone of 8250 to 8350 where short term moving averages are positioned.

Broad range for the index is seen from 8300 to 8350 on downside to 8700 to 8750 on upside.

CNX Pharma Outlook for Next Week (July 20, 2015 – July 24, 2015)

EquityPandit’s Outlook for CNX Pharma for week (July 20, 2015 – July 24, 2015):

 

CNX PHARMA:

 

CNXPHARMA

 

 

CNX PHARMA index closed the week on positive note gaining around 5%.

The index almost cross all the trend-line resistances on upside and now the index is virtually aiming at the all-time high levels of 14000.

The index has gained around 1900 points from the lows of 11233 made on 12/06/2015.

The index has gained close to 17% in 01 months time frame and the stocks has gained more than 20% to 25% during the same time frame.

Resistance for the index lies in the range of 13300 to 13400 where Fibonacci retracement is lying for the entire down move.

Support for the index lies in the zone of 12500 to 12700 where short term moving averages and trend-line support are positioned.

Broad range for the index is seen from 12500 to 12700 on downside to 13400 to 13600 on upside.

CNX FMCG Outlook for Next Week (July 20, 2015 – July 24, 2015)

EquityPandit’s Outlook for CNX FMCG for week (July 20, 2015 – July 24, 2015):

 

CNX FMCG:

 

cnxfmcg

 

 

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

As we have mentioned last week that on 10/07/2015 the index has taken support around the rising trend-line positioned around the levels of 19800 and the index closed above the 20 Daily EMA and 50 Daily EMA positioned around the levels of 19850.

This week the index hold that support zone and also the index moved above the strong resistance zone of 20200 where 100 & 200 Daily SMA were lying.

During the week the index also cross above the downward sloping trend-line positioned around the levels of 20300.

As we have been mentioning that if the index cross above the levels of 20300 the index can move towards the levels of 21000.

Support for the index lies in the range of 19800 to 20100 where short term and long term moving averages are positioned.

Broad range for the index in the coming week is seen from 19700 on downside to 21000 on upside.

CNX IT Outlook for Next Week (July 20, 2015 – July 24, 2015)

EquityPandit’s Outlook for CNX IT for week (July 20, 2015 – July 24, 2015):

 

CNX IT:

 

cnxit

 

 

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

As we have mentioned last week that the index has broken down from the large Head & Shoulder pattern for which the targets can be in the range of 9000 levels. On 13/07/2015 the index managed to close above the levels of 10900 i.e. neckline of Head & Shoulder pattern and the index virtually negate the major breakdown pattern.

During the week the index also managed to close above the downward sloping trend-line positioned around the levels of 11100.

If the index manages to close above the levels of 11200 the index will breakout of the triangle pattern and targets for the same can be in the range of 12000 in 3 to 4 months time frame.

Support for the index lies around the levels of 10900 where trend-line is positioned.

Resistance for the index lies in the range of 11500 where 200 Daily SMA is lying.

Broad range for the index in the coming week is seen from 10900 on downside to 11500 on upside.

Bank Nifty Outlook for Next Week (July 20, 2015 – July 24, 2015)

EquityPandit’s Outlook for BankNifty for week (July 20, 2015 – July 24, 2015):

 

BANK NIFTY:

 

banknifty

 

 

Bank Nifty ended the week with the gain of around 2% .

During the week as we have suggested the index is approaching towards the strong resistance zone of 18900 to 19100 where trend-line and upward moving channel are positioned and the index hit the high of 18940 and retraced back to the levels of 18700.

On 16/07/2015, the index broke above the resistance zone of 19000 and the index can move to the levels of 19300 where downward sloping channel is positioned.

Above the levels of 19400 we can see index moving to the levels of 19700 where channel resistance is lying.

Support for the index lies in the zone of 18500 to 18700 where short term moving averages, long term moving averages and trend-line are positioned.

Range for the week is seen from 18600 to 18800 on downside to 19500 to 19700 on upside.

Nifty Outlook for Next Week (July 20, 2015 – July 24, 2015)

EquityPandit’s Outlook for Nifty for week (July 20, 2015 – July 24, 2015):

 

NIFTY:

 

nifty

 

 

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

As we have suggested that the index has formed a hammer pattern on 10/07/2015 in downtrend indicating the trend reversal. The index started the week on positive note.

As it is seen from the chart the index has moved above the key resistance zone of 8550 and the next targets for the index can be in the range of 8800.

The index is moving in a channel pattern from 26/06/2015 and according to that channel the next target for the index lies in the range of 8680 to 8720 levels.

Support for the index lies in the zone of 8400 to 8500 where 100 Daily SMA, 200 Daily SMA and trend-lines are positioned.

Range for the week is seen from 8350 to 8450 on downside to 8750 to 8850 on upside.

Advice for – Friday, July 17, 2015

ep

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that market is in positive trend and traders should continue to hold long positions. EquityPandit also predicted that If BankNifty breaches levels of 19000 then market would see a sharp positive movement and exactly same happened. Indian Stock Market moved sharply positive as predicted by EquityPandit and traders who went long in BankNifty as per EquityPandit’s suggestion might have earned huge profits for the day. BankNifty closed right near EquityPandit’s predicted resistance levels of 19176. Finally, Indian Stock Market closed gap positive for the day with Nifty closing right near EquityPandit’s predicted resistance levels of 8605 levels.

Today: Indian Stock Market to open flat. Technically, Market is still in positive trend. The major trendline of resistance for Nifty is at 8800 and BankNifty is at 19400. Nifty if ends this month above 8800 then we could see a sharp bull market in months to come. Traders can continue to hold long positions but can remain cautious near 8800 levels for Nifty and 19400-19500 levels for BankNifty because there is a some probability of short-term reversal from those levels. If Government pushes some reforms in days to come then it would add fuel to the positive fire in the market and we could see new highs in days to come. FIIs were net buyers of Rs.745.81 crores whereas DIIs were net sellers of Rs.98.51 crores in last trading session. Nifty would see strong support at 8570-8540-8470 whereas strong resistance would be seen at 8637-8710-8741 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Read Nifty and Major Stocks Outlook for This Week 

Important Results To Be Declared Today: ACC, CRISIL, DISHMAN, GICHSGFIN, INOXLEISUR, KTKBANK, NIITLTD.

NSE Nifty: (8608) The support for the Nifty is 8570-8540-8470 and the resistance to the up move is at 8637-8710-8741 levels.

NSE BankNifty: (19168) The support for BankNifty is at 19110-18984-18865 and the resistance to the up move is at 19376-19440-19535 levels.

BSE Sensex: (28446) The support for the Sensex is at 28325-28245-28080 and the resistance to the up move is at 28530-28641-28765 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, July 16, 2015

ep

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that Market has entered into positive trend and traders shold continue to hold long positions for now. Traders, who followed EquityPandit’s advice to go long, might have earned huge profits for the day. EquityPandit also predicted that Iran Nuclear deal would benefit Oil marketing companies like Castrol and HPCL and also paint companies and exactly same happened. Indian Stock Market moved sharply positive and finally, closed positive for the day.

Today: Indian Stock Market to open positive. Technically, Analysis would remain same. Nifty and BankNifty is in positive trend and traders can continue to hold long positions for now. Now BankNifty needs to breach levels of 19000 on closing basis for markets to see a bounceback rally. Indian Stock Market is expected to see sharp positive rally in days to come and the best trade is to go long in BankNifty at this point of time. If Government pushes some reforms in days to come then it would add fuel to the positive fire in the market. FIIs were net buyers of Rs.407.69 crores whereas DIIs were net sellers of Rs.50.38 crores in last trading session. Nifty would see strong support at 8415-8350-8312 whereas strong resistance would be seen at 8550-8567-8605 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Read Nifty and Major Stocks Outlook for This Week 

Important Results To Be Declared Today: MASTEK, MINDTREE.

NSE Nifty: (8523) The support for the Nifty is 8415-8350-8312 and the resistance to the up move is at 8550-8567-8605 levels.

NSE BankNifty: (18816) The support for BankNifty is at 19730-18650-18540 and the resistance to the up move is at 19000-19051-19176 levels.

BSE Sensex: (28198) The support for the Sensex is at 27980-27890-27635 and the resistance to the up move is at 28340-28530 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, July 15, 2015

ep

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. Indian Stock Market consolidated with sideways movement even after the positive news of Iran Nuclear Deal. Nifty consolidated between EquityPandit’s predicted support and resistance of 8415 and 8505 levels respectively. Sensex saw strong resistance right near EquityPandit’s predicted resistance levels of 28012. Finally, Indian Stock Market closed flat with negative bias.

Today: Indian Stock Market to open positive. Technically, Analysis would remain same. Nifty and BankNifty has entered into positive trend and traders can continue to hold long positions for now. Greece issue already resolved and now most awaited Iran nuclear deal also sanctioned. So, paint companies like Asian Paints and Berger paints would be beneficiary. Oil Marketing companies like Castrol India, HPCL and BPCL would also be benefited with this deal. Now BankNifty needs to breach levels of 19000 on closing basis for markets to see a bounceback rally. Indian Stock Market is expected to see sharp sharp positive rally in days to come and the best trade is to go long in BankNifty at this point of time. If Government pushes some reforms in days to come then it would add fuel to the positive fire in the market. FIIs were net buyers of Rs.269.9 crores whereas DIIs were net sellers of Rs.130.9 crores in last trading session. Nifty would see strong support at 8415-8350-8312 whereas strong resistance would be seen at 8505-8567-8605 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Read Nifty and Major Stocks Outlook for This Week 

Important Results To Be Declared Today: SouthBank, ZEEL.

NSE Nifty: (8454) The support for the Nifty is 8415-8350-8312 and the resistance to the up move is at 8505-8567-8605 levels.

NSE BankNifty: (18780) The support for BankNifty is at 19730-18650-18540 and the resistance to the up move is at 19000-19051-19176 levels.

BSE Sensex: (27933) The support for the Sensex is at 27890-27635-27540 and the resistance to the up move is at 28012-28115-28340 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, July 14, 2015

ep

Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that market would see sharp short covering rally and if BankNifty breaches levels of 18808, then we may see a trend reversal and traders should go long in BankNifty and exactly same happened. BankNifty breached levels of 18808 and sharp positive movement was seen after that. Traders, who followed EquityPandit’s advice to go long in BankNifty, might have earned good profits for the day. Indian Stock Market saw a sharp positive rally and Sensex saw highs right at EquityPandit’s predicted resistance levels of 28012. Nifty and BankNify both entered into positive territory and closed gap positive for the day.

Today: Indian Stock Market to open flat to positive. Technically, Nifty and BankNifty has entered into positive trend and traders can go long for now. Greece issue got resolved and now BankNifty needs to breach levels of 19000 on closing basis. Indian Stock Market is expected to see sharp sharp positive rally in days to come and the best trade is to go long in BankNifty at this point of time. If Government pushes some reforms in days to come then it would add fuel to the positive fire in the market. FIIs were net sellers of Rs.527.98 crores whereas DIIs were net buyers of Rs.171.55 crores in last trading session. Nifty would see strong support at 8415-8350-8312 whereas strong resistance would be seen at 8505-8567-8605 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Read Nifty and Major Stocks Outlook for This Week 

NSE Nifty: (8460) The support for the Nifty is 8415-8350-8312 and the resistance to the up move is at 8505-8567-8605 levels.

NSE BankNifty: (18894) The support for BankNifty is at 19820-18650-18540 and the resistance to the up move is at 19000-19051-19176 levels.

BSE Sensex: (27961) The support for the Sensex is at 27890-27635-27540 and the resistance to the up move is at 28012-28115-28340 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, July 13, 2015

ep

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive. EquityPandit predicted that some sharp short covering rally (positive movement) can’t be ruled out at this point of time. Nifty moved sharply negative and saw lows right at EquityPandit’s predicted support levles of 8312 levels. Market recovered from there but saw strong resistance right at EquityPandit’s predicted resistance levels of 8370 levels. BankNifty moved up sharply and saw strong resistance right near EquityPandit’s predicted resistance levels of 18756. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market to open flat. Technically, BankNifty and Nifty are still in negative trend. Trend reversal may happend, if BankNifty breaches levels of 18808 by closing. If BankNifty closes above 18808, then traders should go long into BankNifty. Greece issue is still not solved and may create some whipsaws in the market. Some sharp short covering rally is not ruled out but for now, market is still in negative territory. Breaching levels of 8420 for Nifty would show some sign of strength. FIIs were net sellers of Rs.465.27 crores whereas DIIs were net buyers of Rs.590.49 crores in last trading session. Nifty would see strong support at 8312-8270-8195 whereas strong resistance would be seen at 8380-8420-8455-8505 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Read Nifty and Major Stocks Outlook for This Week 

Important Results To Be Declared Today: INDUSINDBK, RIIL.

NSE Nifty: (8360) The support for the Nifty is 8312-8270-8195 and the resistance to the up move is at 8370-8420-8455-8505 levels.

NSE BankNifty: (18720) The support for BankNifty is at 18540-18270-18199-18080 and the resistance to the up move is at 18756-18855-19000 levels.

BSE Sensex: (27661) The support for the Sensex is at 27540-27470-27363 and the resistance to the up move is at 27800-27875-28012-28115 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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Cipla Outlook for Next Week (July 13, 2015 – July 17, 2015)

EquityPandit’s Outlook for Cipla for week (July 13, 2015 – July 17, 2015):

 

CIPLA:

 

CIPLA

CIPLA closed the week on positive note gaining around 2.5%.

As we have mentioned last week if the stock manages to close above the levels of 635 where 50 Daily EMA is positioned we may see stock moving towards the levels of 650 where 200 Daily SMA is lying. The stock hit the high of 658.65 during the week.

If the stock manages to close above the levels of 650 we may see stock moving towards the levels of 665 where 100 Daily SMA is lying.

Support for the stock lies in the zone of 620 to 640 where short term moving averages are positioned.

Broad range for the stock is seen in the range of 610 – 630 on downside to 660 – 680 on upside.

Lupin Outlook for Next Week (July 13, 2015 – July 17, 2015)

EquityPandit’s Outlook for Lupin for week (July 13, 2015 – July 17, 2015):

 

LUPIN:

 

LUPIN

 

 

Lupin closed the week on negative note losing around 1.5%.

As we have mentioned last week that the stock is facing stiff resistance around the zone of 1900 where upward moving trend-line are positioned. If the stock manages to close above the levels of 1920 we may see huge spurt in the stock which may take the stock to the levels of 2000.

This week also the stock could not manage to close above the levels of 1920 and the stock sold off to the levels of 1850.

Support for the stock lies in the range of 1840 to 1860 where short term moving averages are lying.

Resistance for the stock lies in the range of 1930 to 1950 where upward moving trend-line are positioned.

Broad range for the stock is seen from 1850 – 1870 on downside to 1930 – 1950 on upside.

 

Dr. Reddy Outlook for Next Week (July 13, 2015 – July 17, 2015)

EquityPandit’s Outlook for Dr. Reddy for week (July 13, 2015 – July 17, 2015):

 

DR. REDDY:

 

DRREDDY

 

 

Dr. Reddy closed the week on positive note gaining more than 4.5%.

As we have mentioned last week that if the stock manages to close above the levels of 3610 we may see stock moving towards the levels of 3700 and the stock hit the high of 3770 during the week.

The stock can face minor resistance around the levels of 3810 where earlier high is positioned.

Support for the stock lies in the zone of 3650 to 3700 where short term moving averages are positioned.

Broad range for the stock is seen from 3670 – 3700 on downside to 3800 – 3850 on upside.

Sun Pharma Outlook for Next Week (July 13, 2015 – July 17, 2015)

EquityPandit’s Outlook for Sun Pharma for week (July 13, 2015 – July 17, 2015):

 

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on positive note gaining around 3.5%.

As we have mentioned last week that if the stock manages to close above the levels of 885 we may see stock moving towards the levels of 900 to 920 where 200 Daily SMA and upward sloping trend-line is positioned.

On 10/07/2015 the stock manages to move above the resistance zone of 880 to 890 and the stock also close above the 200 Daily SMA positioned around the levels of 900.

The stock is approaching towards the upward sloping trend-line resistance positioned around the levels of 920. Above the levels of 920 the stock can move to the levels of 960 where 100 Daily SMA is lying.

Support for the stock is seen in the zone of 850 to 870 where short term moving averages and trend-line support are positioned.

Broad range for the stock in the coming week can be 850 – 870 on lower side to 920 – 940 on upper side.

Colgate Palmolive Outlook for Next Week (July 13, 2015 – July 17, 2015)

EquityPandit’s Outlook for Colgate Palmolive for week (July 13, 2015 – July 17, 2015):

 

COLGATE PALMOLIVE:

 

COLGATE

Colgate Palmolive (NSE: COLPAL) closed the week on negative note losing around 3%.

During the week stock broke below the 100 Daily SMA positioned around the levels of 2008 and short term moving averages.

Support for the stock lies in the zone of 1970 to 1990 where short term moving averages and downward sloping channel is positioned.

Resistance for the stock lies in the zone of 2010 to 2030 levels where 100 Daily SMA is lying.

If the stock manages to close above the levels of 2010 for couple of days the stock can move towards the levels of 2080.

If the stock breaks below the levels of 1960 the stock can move to the levels of 1900 where 200 Daily SMA is lying.

Broad range for the stock is seen between 1950 to 1970 on lower end and 2080 to 2120 on upper end.

Dabur Outlook for Next Week (July 13, 2015 – July 17, 2015)

EquityPandit’s Outlook for Dabur for week (July 13, 2015 – July 17, 2015):

 

ITC:

 

DABUR

Dabur closed the week on negative note losing around 1%.

The stock has formed a Doji on Weekly charts indicating the indecision among the traders about the direction of the stock.

The stock hit the 52 week high of 292 levels during the week and sold off to the levels of 282.

Support for the stock lies in the zone of 270 to 275 where short term and medium term moving averages are positioned.

Resistance for the stock lies in the zone of 290 to 295 levels.

Broad range for the stock is seen between 270 to 275 on lower end and 295 to 300 on upper end.

Hindustan Unilever Outlook for Next Week (July 13, 2015 – July 17, 2015)

EquityPandit’s Outlook for Hindustan Unilever for week (July 13, 2015 – July 17, 2015):

 

HINDUSTAN UNILEVER:

 

HINDUNILEVER

Hindustan Unilever (NSE: HINDUNILEVER) closed the week on negative note losing around 2.5%.

As we have mentioned last week that the stock has to close above the levels of 932 for uptrend to continue and during the week the stock was not able to close above the levels of 932 and the stock sold off to the levels of 900.

As seen from the chart the stock is approaching towards the support zone of 870 to 890 where 100 Daily SMA and downward sloping channel are positioned.

Resistance for the stock is seen in the zone 930 to 950 where short term moving averages are lying.

If the stock manages to close above the levels 932 we may see stock moving towards the levels of 960 to 980 levels.

Support for the stock lies in the range of 880 to 900 where short term moving averages are lying.

Broad range for the stock in coming week is seen between 860 to 880 on downside and 940 to 960 on upside.

 

ITC Outlook for Next Week (July 13, 2015 – July 17, 2015)

EquityPandit’s Outlook for ITC for week (July 13, 2015 – July 17, 2015):

 

ITC:

 

ITC

ITC closed the week on negative note losing around 2%.

As we have suggested last week that the stock has formed a Shooting Star pattern on weekly charts in uptrend indicating the trend reversal and the stock has to close above the levels of 318 to negate this pattern. This week the stock was not able to sustain over the levels of 318 and the stock sold off to the levels of 306.

As seen from the chart the stock is trading around the strong resistance zone of 312 to 315 where downward sloping channel and trend-line are positioned.

If the stock moves above the levels of 320 we may see stock moving towards the zone of 330 where 100 Daily SMA is positioned.

Support for the stock lies in the range of 300 to 305 where 1000 Daily SMA is lying.

Broad range for the stock in coming week is seen between 290 to 300 on downside and 320 to 330 on upside.

Wipro Outlook for Next Week (July 13, 2015 – July 17, 2015)

EquityPandit’s Outlook for Wipro for week (July 13, 2015 – July 17, 2015):

 

WIPRO:

 

WIPRO

 

 

Wipro closed the week on absolutely flat note with negative bias.

The stock has formed a Inverted Hammer pattern on weekly charts in a downtrend indicating the trend reversal.

If the stock manages to close above the levels of 560 we can see stock moving towards the levels of 570.

The stock is trading around the strong support zone of 540 to 550 where 500 Daily SMA and 100 Weekly SMA are positioned.

If the stock breaks below the levels of 540 the stock can drift to the levels of 500 where long term trend-line is positioned.

Resistance for the stock lies in the range of 560 to 570 where short term moving averages and trend-line resistances are lying.

Broad range for the stock in the coming week is seen between 520 to 530 on downside to 570 to 580 on upside.

HCL Tech Outlook for Next Week (July 13, 2015 – July 17, 2015)

EquityPandit’s Outlook for HCL Tech for week (July 13, 2015 – July 17, 2015):

 

HCL TECHNOLOGIES:

 

HCLTECH

HCL Technologies (NSE: HCLTECH) closed the week on negative note losing more than 4%.

As we have mentioned last week that if the stock manages to close above the levels of 957 we may see stock moving towards the levels of 1000 but stock manages to hit the high of 975 during the week and sold off.

The stock has the support around the levels of 900 to 920 where upward moving trend-line and 200 Daily SMA are positioned.

Resistance for the stock lies in the zone of 950 where 100 Daily SMA is positioned.

If the stock manages to hold the levels of 957 the stock can move to the levels of 1000 where upward sloping trend-line is positioned.

Broad range for the stock in the coming week is seen between 880 to 910 on downside to 950 to 970 on upside.

TCS Outlook for Next Week (July 13, 2015 – July 17, 2015)

EquityPandit’s Outlook for TCS for week (July 13, 2015 – July 17, 2015):

 

TATA CONSULTANCY SERVICES:

 

TCS

 

 

Tata Consultancy Services (NSE: TCS) closed the week on negative note losing around 5%.

As the company has posted subdue set of quarterly results the stock sold off and lost around 5% for the week.

As seen from the charts the stock is approaching towards the trend-line support positioned around the zone of 2420 to 2440 which has hold the stock in every correction.

Below the levels of 2420 we may stock drifting to the levels of 2300 to 2350 where 500 Daily SMA and 100 Weekly SMA are positioned.

Resistance for the stock lies in the range of 2530 to 2550 levels where downward sloping trend-line are positioned.

Broad range for the stock in the coming week is seen between 2380 to 2420 on downside to 2550 to 2580 on upside.

Infosys Outlook for Next Week (July 13, 2015 – July 17, 2015)

EquityPandit’s Outlook for Infosys for week (July 13, 2015 – July 17, 2015):

 

INFOSYS:

 

INFY

 

 

INFOSYS (NSE: INFY) closed the week on negative note losing more than 5%.

As we have mentioned last week that if the stock breaks below the levels of 985 the stock can drift to the levels of 970 and 950 where long term trend-line support for the stock is positioned. The stock broke below all the support and ended the week at the levels of 937.

As seen from the chart the stock had a major breakdown on daily charts and has broken the support zone of 950 which was acting as major support for the stock in every correction.

The stock has also broken down from the Head & Shoulder pattern and the targets for the same can be in the range of 750 to 800.

The stock has to close above the levels of 950 to negate this pattern.

Support for the stock lies in the zone of 900 to 920 where 500 Daily SMA and 100 Weekly SMA is lying.

Broad range for the stock in the coming week is seen between 880 to 900 on downside to 980 to 1000 on upside.

State Bank Of India Outlook for Next Week (July 13, 2015 – July 17, 2015)

EquityPandit’s Outlook for State Bank Of India for week (July 13, 2015 – July 17, 2015):

 

STATE BANK OF INDIA:

 

sbin

 

 

State Bank Of India (NSE: SBIN) closed the week on absolutely flat note.

As we have suggested last week that the stock can face stiff resistance in the range of 270 to 280 where medium term moving averages and trend-line are positioned and the stock hit the high of 274.65 on 07/07/2015 and retraced to the levels of 265.

The stock has formed a Hammer pattern on 10/07/2015 on daily charts indicating the trend reversal in downtrend.

If the stock manages to cross above the levels of 271 on closing basis we may see stock moving towards the levels of 280 where 100 and 200 Daily SMA are positioned.

Support for the stock lies in the range of 260 where short term moving averages are positioned.

Broad range for the stock in the coming week can be 255 – 260 on lower side to 280 – 290 on upper side.

Axis Bank Outlook for Next Week (July 13, 2015 – July 17, 2015)

EquityPandit’s Outlook for Axis Bank for week (July 13, 2015 – July 17, 2015):

 

AXIS BANK:

 

axisbank

Axis Bank closed the week on negative note losing around 1.5%.

As we have suggested last week that the stock is trading around the trend-line resistance of 589. This week also the stock could not manage to close above the levels of 590 and retraced back to the levels of 565.

Above the levels of 589 we may see stock moving towards the levels of 600 to 620.

Support for the stock lies in the range of 560 to 565 where short term and medium term moving averages are positioned. Also trend-line support for the stock lies in the range of 560.

Broad range for the stock in the coming week can be 560 – 570 on lower side to 600 – 620 on upper side.

ICICI Bank Outlook for Next Week (July 13, 2015 – July 17, 2015)

EquityPandit’s Outlook for ICICI Bank for week (July 13, 2015 – July 17, 2015):

 

ICICI BANK:

 

icicibank

 

 

ICICI Bank closed the week on absolutely flat note.

The stock is continuously facing stiff resistance around the zone of 315 to 320.

The stock retraced from the levels of 318 to the levels of 306 where the stock has taken the support around the trend-line positioned around the levels of 305.

Major resistance for the stock lies in the zone of 320 to 325 where 100 and 200 Daily SMA is lying.

Support for the stock lies in the zone of 305 to 310 where short term moving averages are positioned.

If the stock manages to close above the levels of 325 we may see stock moving towards the levels of 340.

A break below the levels of 305 can end the medium term uptrend in the stock.

Broad range for the stock in the coming week can be 300 – 305 on lower side to 325 – 330 on upper side.

HDFC Bank Outlook for Next Week (July 13, 2015 – July 17, 2015)

EquityPandit’s Outlook for HDFC Bank for week (July 13, 2015 – July 17, 2015):

HDFC BANK:

 

hdfcbank

 

 

HDFC Bank closed the week on positive note gaining around 1.5%.

The stock is in strong uptrend and all the resistances are taken out. As we have suggested last week that above the levels of 1080 we could see stock moving towards the levels of 1100 and the stock hit a high of 1095 levels during the week.

The stock can face resistance around the levels of 1110 where earlier high is positioned.

Support for the stock lies in the range of 1050 to 1070 where trend-line and short term moving averages are positioned.

Broad range for the stock in the coming week can be 1050 – 1070 on lower side to 1100 – 1130 on upper side.

 

CNX ENERGY Outlook for Next Week (July 13, 2015 – July 17, 2015)

EquityPandit’s Outlook for CNX ENERGY for week (July 13, 2015 – July 17, 2015):

 

CNX ENERGY:

 

CNXENERGY

CNX ENERGY index closed the week on negative note losing around 2.5%.

As we have suggested last week that the index is facing strong resistance around the zone of 9000 and the index is struggling to close above 9000 levels. This week also the index does not manage close above the levels of 9000 and the index sold off during the week.

The index has formed a Hammer pattern on 10/07/2015 on daily charts in a downtrend indicating the trend reversal.

Support for the index lies in the zone of 8550 to 8650 where 50 Daily EMA and 100 Daily SMA are positioned.

Resistance for the index is lying in the zone of 8900 to 9000 where 200 Daily SMA and trend-line are positioned.

Broad range for the index is seen between 8600 on downside to 9000 on upside.

CNX AUTO Outlook for Next Week (July 13, 2015 – July 17, 2015)

EquityPandit’s Outlook for CNX AUTO for week (July 13, 2015 – July 17, 2015):

 

CNX AUTO:

 

CNXAUTO

CNX AUTO index closed the week on negative note losing around 3%.

As we have suggested last week that the index has closed around the strong resistance zone of 8500 where 100 Daily SMA is lying. The index is also approaching towards the channel resistance which is positioned around the levels of 8650.

During the week the index failed to sustain over the levels of strong resistance zone of 8500 and sold off during the week and close the week on lowest point of 8230 levels.

Support for the index is lying in the zone of 8150 to 8200 below which the index can drift to the levels of 7900.

Resistance for the index lies in the zone of 8400 to 8500 where short term and long term moving averages are positioned.

Broad range for the index is seen from 8100 to 8150 on downside to 8400 to 8500 on upside.

CNX PHARMA Outlook for Next Week (July 13, 2015 – July 17, 2015)

EquityPandit’s Outlook for CNX PHARMA for week (July 13, 2015 – July 17, 2015):

 

CNX PHARMA:

 

CNXPHARMA

 

CNX PHARMA index closed the week on positive note gaining more than 2.0%.

During the week the index managed to close above the strong resistance zone of 12300 where 100 Daily SMA was positioned.

As we have suggested that the index has formed the Shooting Star pattern on Daily chart in an uptrend on 03/07/2015 and the index has to close above the levels 12350 to negate this pattern and index managed to close above the levels of 12350 during the week.

If index manages to close above the levels of 12300 we may see index moving towards the levels of 12750 where trend-line resistance are positioned.

As seen from the charts the index can face resistance around the zone of 12750 were trend-line is positioned.

Support for the index lies in the zone of 12100 to 12300 where short term moving averages and 100 Daily SMA are positioned.

Broad range for the index is seen from 12100 on downside to 12800 on upside.

CNX FMCG Outlook for Next Week (July 13, 2015 – July 17, 2015)

EquityPandit’s Outlook for CNX FMCG for week (July 13, 2015 – July 17, 2015):

 

CNX FMCG:

 

cnxfmcg

 

 

CNX FMCG index closed the week on negative note losing around 1.7%.

As we have been suggesting the index is approaching towards the strong resistance zone of 20300 to 20500 where 100 Daily SMA and downward sloping trend-line are positioned and the index hit the high of 20439 and retraced back to the levels of 19760.

On 10/07/2015 the index has taken support around the rising trend-line positioned around the levels of 10800 and the index closed above the 20 Daily EMA and 50 Daily EMA positioned around the levels of 19850.

Above the levels of 20300 the index can move towards the levels of 21000.

Below the levels of 19800 the index can move to the levels of 19200 to 19500.

Broad range for the index in the coming week is seen from 19500 on downside to 20500 on upside.

CNX IT Outlook for Next Week (July 13, 2015 – July 17, 2015)

EquityPandit’s Outlook for CNX IT for week (July 13, 2015 – July 17, 2015):

CNX IT:

 

cnxit

CNX IT index closed the week on negative note losing around 3.5%.

There has been continuous news flow from the IT giants from around the globe about the earnings slowdown which is also affecting the IT index in India and the index is seen underperforming compared to the other indices.

IT giant TCS came out with subdue set of results which broke the index down.

As we have suggested if the results of the company disappoints we may see index breaking down from the levels of 10900 to 11000 which was acting as strong support for the index and the index broke down from that levels and hit the levels of 10750.

As seen from the charts the index has broken down from the large Head & Shoulder pattern for which the targets can be in the range of 9000 levels.

Support for the index lies around the levels of 10500 where long-term trend-line is positioned.

The index has to sustain above the levels of 11000 for couple of days to negate this pattern.

Broad range for the index in the coming week is seen from 10500 on downside to 11200 on upside.

 

BankNifty Outlook for Next Week (July 13, 2015 – July 17, 2015)

EquityPandit’s Outlook for BankNifty for week (July 13, 2015 – July 17, 2015):

 

BANKNIFTY:

 

banknifty

 

 

BankNifty ended the week on absolutely flat note.

As we have suggested the index is approaching towards the strong resistance zone of 18900 to 19100 where trend-line and upward moving channel are positioned and the index hit the high of 18980 during the week and retraced back to the levels of 18400.

The index has been out-performing the Nifty and ended the week on flat note.

Above the resistance zone of 19000 the index can move to the levels of 19400 where downward sloping channel is positioned.

Support for the index lies in the zone of 18300 to 18500 where short term moving averages, long term moving averages and trend-line are positioned.

Range for the week is seen from 18300 to 18500 on downside to 19100 to 19250 on upside.

Nifty Outlook for Next Week (July 13, 2015 – July 17, 2015)

EquityPandit’s Outlook for Nifty for week (July 13, 2015 – July 17, 2015):

 

NIFTY:

 

nifty

 

 

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

The index virtually underperformed the global markets which remain flat to positive for the week.

The index has formed a Shooting star pattern on the weekly charts.

After all the Greek Drama during the week the index has retraced back from the levels of 8550 where trend-line resistance was positioned.

The index has formed a hammer pattern on 10/07/2015 in downtrend indicating the trend reversal.

From the chart it is seen that the index has the minor trend-line resistance around the levels of 8550. If index manages to move above the levels of 8550 to 8600 we can see index moving towards the levels of 8800.

Support for the index lies in the zone of 8200 to 8300 where 50 Daily EMA and trend-lines are positioned.

Range for the week is seen from 8200 to 8300 on downside to 8600 to 8700 on upside.

Advice for – Friday, July 10, 2015

ep

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that Indian Stock Market has entered into negative trend and traders should go short in the market and exactly same happened. Despite of global market in gap positive region, Indian Stock Market fell down as predicted by EquityPandit. Nifty moved sharply negative and saw lows right at EquityPandit’s predicted support levels of 8325 like a dot. BankNifty recovered but saw strong resistance near EquityPandit’s predicted resistance levels of 18600. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market to open flat with positive bias. Technically, BankNifty and Nifty are still in negative trend. Some sharp short covering rally (positive movement) can’t be ruled out but Nifty would be considered negative until it breaches levels of 8470 by closing. Nifty would see reversal from current trend (negative trend), if it closes above 8470 levels. But for now, Indian Stock Market is still in negative trend and traders should not go long until reversal happens and should continue to short at every positive rallies in the market. FIIs were net sellers of Rs.254.1 crores whereas DIIs were net buyers of Rs.79.08 crores in last trading session. Nifty would see strong support at 8312-8270-8195 whereas strong resistance would be seen at 8370-8420-8455-8505 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Read Nifty and Major Stocks Outlook for This Week 

NSE Nifty: (8329) The support for the Nifty is 8312-8270-8195 and the resistance to the up move is at 8370-8420-8455-8505 levels.

NSE BankNifty: (18509) The support for BankNifty is at 18270-18199-18080 and the resistance to the up move is at 18600-18640-18756 levels.

BSE Sensex: (27574) The support for the Sensex is at 27540-27470-27363 and the resistance to the up move is at 27800-27875-28012-28115 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, July 09, 2015

ep

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative with 100+ points for Nifty. EquityPandit predicted that Indian Stock Market would see sharp correction today and exactly same happened. EquityPandit also predicted that BankNifty would enter into negative territory by breaching levels of 18500 and exactly same happened. Traders who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market to open flat to negative for the day. Technically, BankNifty has entered into negative trend and now the trade is in short side. Traders should go short at every positive moves in the market until Nifty breaches levels of 8571 levels on the positive side as it would act as major resistance for Nifty. Chinese Market worries would effect all Asian markets in days to come. FIIs were net sellers of Rs.354.32 crores whereas DIIs were net sellers of Rs.346.71 crores in last trading session. Nifty would see strong support at 8325-8270-8195 whereas strong resistance would be seen at 8420-8455-8505 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Read Nifty and Major Stocks Outlook for This Week 

NSE Nifty: (8363) The support for the Nifty is 8325-8270-8195 and the resistance to the up move is at 8420-8455-8505 levels.

NSE BankNifty: (18463) The support for BankNifty is at 18270-18199-18080 and the resistance to the up move is at 18600-18640-18756 levels.

BSE Sensex: (27688) The support for the Sensex is at 27600-27470-27363 and the resistance to the up move is at 27875-28012-28115 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, July 08, 2015

ep

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that Indian Stock Market is still in positive trend and traders should hold their long position for now. Indian Stock Market moved sharply positive and saw highs right near EquityPandit’s target of 19000 for BankNifty like a dot. BankNifty has seen strong resistance at 19000 and fell down sharply. Nifty also saw strong resistance near EquityPandit’s predicted resistance levels of 8571 . Market fell down sharply and Sensex saw lows right at EquityPandit’s predicted support levels of 28080 like a dot. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market to open gap negative with 50-100 points for Nifty for the day as Greece-EU issue still continues and now Chinese market is also under threat. Indian Stock market would see sharp correction today. For now Market are still in positive trend until BankNifty holds 18500 levels by closing. But Nifty possess strong resistance at 8571 that needs to be broken to see a sharp positive movement. Until then, Indian Stock Market would consolidate in the same range. Anyhow, trade is still in positive direction and traders should still hold their long positions. BankNifty would enter into negative region, if it breaches levels of 18500 by closing and at that point traders should initiate short position. If Nifty holds levels of 8500 by closing for next few days then BankNifty would cross levels of 19000 and may touch levels of 19500 in days to come, else we may see some weakness in the market. FIIs were net buyers of Rs.23.54 crores whereas DIIs were net sellers of Rs.94.71 crores in last trading session. Nifty would see strong support at 8450-8414-8380 whereas strong resistance would be seen at 8571-8640-8700 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Read Nifty and Major Stocks Outlook for This Week 

NSE Nifty: (8511) The support for the Nifty is 8450-8414-8380-8300 and the resistance to the up move is at 8571-8640-8700 levels.

NSE BankNifty: (18798) The support for BankNifty is at 18635-18500-18460-18300 and the resistance to the up move is at 18923-19000-19120-19170 levels.

BSE Sensex: (28171) The support for the Sensex is at 28080-27974-27905-27780-27600 and the resistance to the up move is at 28300-28530-28641 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, July 07, 2015

ep

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative with 100 points for Nifty. EquityPandit predicted that Indian Stock Market would see sharp profit booking but until BankNifty closes below levels of 18350 we are still in positive trend. EquityPandit predicted that Greece issue would fadeout and Indian Stock Market would continue to see positive movement and exactly same happened. Indian Stock Market saw sharp profit booking and Sensex saw lows right at EquityPandit’s predicted support levles of 27280 but recovered smartly to end in sharp positive territory. Nifty saw strong resistance at EquityPandit’s predicted resistance levels of 8500 but finally breached it and confirmed the bullish pattern as predicted by EquityPandit. BankNifty also moved up sharply and closed just below EquityPandit’s predicted resistance levels of 18832. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market to open gap flat for the day. Market are still in positive trend and has confirmed bullish Head and Shoulder pattern. This bullish pattern suggests that next target for Nifty would be 8700-8800. Anyhow, trade is still in positive direction and traders should still hold their long positions or go for long position. If Nifty holds levels of 8500 by closing then BankNifty would cross levels of 19000 and may touch levels of 19500 in days to come. FIIs were net buyers of Rs.149.37 crores whereas DIIs were net sellers of Rs.409.66 crores in last trading session. Nifty would see strong support at 8450-8414-8380 whereas strong resistance would be seen at 8571-8640-8700 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Read Nifty and Major Stocks Outlook for This Week 

NSE Nifty: (8522) The support for the Nifty is 8450-8414-8380 and the resistance to the up move is at 8571-8640-8700 levels.

NSE BankNifty: (18825) The support for BankNifty is at 18635-18500-18460 and the resistance to the up move is at 18923-19120-19170 levels.

BSE Sensex: (28204) The support for the Sensex is at 28080-27974-27905-27780 and the resistance to the up move is at 28300-28530-28641 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, July 06, 2015

ep

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat. EquityPandit predicted that Indian Stock Market is still positive and Nifty would see strong resistance at 8490 by closing. EquityPandit also predicted that traders should buy BankNifty on dips as it would be major driving force in the positive side. Traders, who followed EquityPandit’s advice to go long in BankNifty might have earned huge profits for the day. Nifty saw strong resistance right at EquityPandit’s predicted resistance levels of 8490 and closed just below those levels. BankNifty also saw strong resistance right at EquityPandit’s predicted resistance levels of 18752 levels like a dot. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market to open gap negative as Greek said ‘No’ to bailout in key referendum. Now, market would see some sharp profit booking but until BankNifty closes below levels of 18350, we are still in positive trend. Closing below levels of 18350 for BankNifty would reverse the positive trend into permanent negative trend. Analysis would remain same. Breaching levels of 8414 by closing would be the first sign of weakness and the positive trend would be considered as a false trend if Nifty breaches the levels of 8300. If BankNifty doesn’t breaches levels of 18350 in next few days then Greece issue would fadeout and Indian Stock Market would continue to see positive movement in hopes of some key reforms in India. FIIs were net buyers of Rs.356.29 crores whereas DIIs were net sellers of Rs.220.61 crores in last trading session. Nifty would see strong support at 8414-8400-8300 whereas strong resistance would be seen at 8490-8505-8567 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (8485) The support for the Nifty is 8414-8400-8300 and the resistance to the up move is at 8490-8505-8567 levels.

NSE BankNifty: (18730) The support for BankNifty is at 18500-18460-18350-18260 and the resistance to the up move is at 18752-18832 levels.

BSE Sensex: (28093) The support for the Sensex is at 27905-27780-27635 and the resistance to the up move is at 28100-18180-18300-18530 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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Cipla Outlook for Next Week (July 06, 2015 – July 10, 2015)

EquityPandit’s Outlook for Cipla for week (July 06, 2015 – July 10, 2015):

 

CIPLA:

 

CIPLA

 

 

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

As we have suggested last week that if the stock manages to close above the levels of 635 we may see stock moving towards the levels of 650 where 200 Daily SMA and downward sloping trend-line are positioned.

As seen from the daily chart the stock has managed to hit the high of 638 but could not able to close above the levels of 635 since last 3 days.

If the stock manages to close above the levels of 635 where 50 Daily EMA is positioned we may see stock moving towards the levels of 650 where 200 Daily SMA is lying.

Support for the stock lies in the zone of 620 where short term moving averages are positioned.

Broad range for the stock is seen in the range of 600 – 615 on downside to 640 – 660 on upside.

Dr. Reddy Outlook for Next Week (July 06, 2015 – July 10, 2015)

EquityPandit’s Outlook for Dr. Reddy for week (July 06, 2015 – July 10, 2015):

DR. REDDY

 

DRREDDY

 

 

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

As we have suggested last week that if the stock manages to cross above the levels of 3560 we may see stock moving towards the levels of 3650 and this week the stock hit the high of 3610 levels.

If the stock manages to close above the levels of 3610 we may see stock moving towards the levels of 3700 where upward sloping trend-line is positioned.

Support for the stock lies in the zone of 3500 where short term moving averages are positioned.

Broad range for the stock is seen from 3500 – 3550 on downside to 3650 – 3700 on upside.

Lupin Outlook for Next Week (July 06, 2015 – July 10, 2015)

EquityPandit’s Outlook for Lupin for week (July 06, 2015 – July 10, 2015):

 

LUPIN

 

LUPIN

 

 

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

As we have suggested last week that the stock has formed a Hanging Man pattern on the weekly charts in the uptrend near the resistance zone of 1850. The stock has to close above the levels of 1850 on weekly basis to negate this pattern.

As seen from the chart as soon as the stock moves above the levels of 1850 the stock zooms to the levels of 1900.

The stock is facing stiff resistance around the zone of 1900 where upward moving trend-line are positioned. If the stock manages to close above the levels of 1920 we may see huge spurt in the stock which may take the stock to the levels of 2000.

Support for the stock lies in the range of 1850 to 1870 where short term moving averages are lying.

Broad range for the stock is seen from 1850 – 1870 on downside to 1920 – 1950 on upside.

Sun Pharma Outlook for Next Week (July 06, 2015 – July 10, 2015)

EquityPandit’s Outlook for Sun Pharma for week (July 06, 2015 – July 10, 2015):

SUN PHARMA

 

SUNPHARMA

 

 

SUN PHARMA closed the week on positive note gaining around 2%.

As seen from the chart the stock is facing stiff resistance in the zone of 880 to 885 since last two weeks.

If the stock manages to close above the levels of 885 we may see stock moving towards the levels of 900 where 200 Daily SMA and upward sloping trend-line is positioned.

The stock is taking support around the levels of 860 where short term moving averages and trend-line are positioned.

If the stock breaks below the levels of 860 we can see stock moving to the levels of 820 to 840.

Broad range for the stock in the coming week can be 830 – 850 on lower side to 890 – 900 on upper side.

Colgate Palmolive Outlook for Next Week (July 06, 2015 – July 10, 2015)

EquityPandit’s Outlook for Colgate Palmolive for week (July 06, 2015 – July 10, 2015):

COLGATE PALMOLIVE

 

COLGATE

 

 

Colgate Palmolive (NSE: COLPAL) closed the week on positive note gaining around 4%.

As we have suggested last week that if the stock manages to close above the levels of 2033 we may see stock moving towards the levels of 2080 where upward moving trend-line is positioned.

During the week the stock hit the high of 2069 levels on 01/07/2015.

If the stock manages to close above the levels of 2070 we may see stock moving towards the levels of 2150 where upward sloping trend-line is positioned.

Support for the stock lies in the zone of 1970 to 2000 where short term moving averages and 100 Daily SMA is lying.

Broad range for the stock is seen between 1950 to 1970 on lower end and 2080 to 2120 on upper end.

Dabur Outlook for Next Week (July 06, 2015 – July 10, 2015)

EquityPandit’s Outlook for Dabur for week (July 06, 2015 – July 10, 2015):

 

DABUR

 

DABUR

 

 

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

As we have suggested last week that if the stock manages to close above the levels of 275 we may see stock moving towards the 285 to 290 levels.

The stock manages to hit the high of 287.40 levels on 03/07/2015.

If the stock manages to close above the levels of 288 we may see stock moving towards the levels of 300.

Support for the stock lies in the zone of 270 to 275 where short term and medium term moving averages are positioned.

Broad range for the stock is seen between 265 to 270 on lower end and 295 to 300 on upper end.

Hindustan Unilever Outlook for Next Week (July 06, 2015 – July 10, 2015)

EquityPandit’s Outlook for Hindustan Unilever for week (July 06, 2015 – July 10, 2015):

 

HINDUSTAN UNILEVER

 

HINDUNILEVER

 

 

Hindustan Unilever (NSE: HINDUNILEVER) closed the week on positive note gaining more than 6%.

As we have suggested last week that the stock has formed a double top formation around the levels of 905. A break above the levels of 905 can take the stock to the levels of 930 where downward sloping trend-line resistance is lying.

The stock hit a high of 929.50 on 03/07/2015.

If the stock manages to close above the levels 932 we may see stock moving towards the levels of 960 to 980 levels.

Support for the stock lies in the range of 880 to 900 where short term moving averages are lying.

Broad range for the stock in coming week is seen between 860 to 880 on downside and 940 to 960 on upside.

ITC Outlook for Next Week (July 06, 2015 – July 10, 2015)

EquityPandit’s Outlook for ITC for week (July 06, 2015 – July 10, 2015):

ITC

 

ITC

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

As we have suggested last week that the stock has formed a Shooting Star pattern on weekly charts in uptrend indicating the trend reversal and a close above the levels of 318 to negate this pattern.

This week the stock could not able to sustain over the levels of 318.

As seen from the chart the stock is trading around the strong resistance zone of 317 where downward sloping channel and trend-line are positioned.

If the stock moves above the levels of 320 we may see stock moving towards the zone of 335 where 100 Daily SMA is positioned.

Support for the stock lies in the range of 305 to 310 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.

Wipro Outlook for Next Week (July 06, 2015 – July 10, 2015)

EquityPandit’s Outlook for Wipro for week (July 06, 2015 – July 10, 2015):

WIPRO

 

WIPRO

Wipro closed the week on absolutely flat note with negative bias.

As we have suggested last week that the stock has formed a Bearish Harami pattern on Weekly charts in the uptrend suggesting the exhaustion of fresh buying at this levels. Generally after the formation of this pattern we may see stock moving downwards.

This week the stock was facing stiff resistance around the levels of 555 to 560 zone.

If the stock moves above the levels of 562 we can see stock moving to the levels of 570.

If the stock moves below the levels of 550 on closing basis we can see stock moving to the levels of 540 where trend-line and 500 Daily SMA is positioned.

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

HCL Tech Outlook for Next Week (July 06, 2015 – July 10, 2015)

EquityPandit’s Outlook for HCL Technologies for week (July 06, 2015 – July 10, 2015):

HCL TECHNOLOGIES

 

HCLTECH

 

 

HCL Technologies (NSE: HCLTECH) closed the week on positive note gaining more than 3%.

On 03/07/2015, the stock manages to close above the levels of 957 where 100 Daily SMA was positioned.

If the stock manages to hold the levels of 957 the stock can move to the levels of 1000 where upward sloping trend-line is positioned.

Support for the stock is seen in the range of 930 levels where trend-line and short term moving averages are positioned.

Broad range for the stock in the coming week is seen between 930 to 940 on downside to 980 to 1000 on upside.

TCS Outlook for Next Week (July 06, 2015 – July 10, 2015)

EquityPandit’s Outlook for TCS for week (July 06, 2015 – July 10, 2015):

TATA CONSULTANCY SERVICES

 

TCS

 

 

Tata Consultancy Services (NSE: TCS) closed the week on positive note gaining more than 1%.

For the week, it is seen that the stock is moving in the tight range of 2550 to 2610 levels.

During the week the stock manages to close above the levels of 2580 where downward sloping trend-line is positioned.

Multiple support for the stock lies in the range of 2550 to 2575 where short term moving averages, 100 Daily SMA and 200 Daily SMA are positioned.

Below the levels of 2550 on closing basis we can see stock drifting to the levels of 2500 where channel support for the stock is positioned.

Above the levels of 2650 we can see stock moving towards the levels of 2700.

The stock may see huge volatility during the week as the company is announcing the quarterly results on 09/07/2015. The company has already raised red signals about the earnings slowdown.

Broad range for the stock in the coming week is seen between 2520 to 2550 on downside and 2650 to 2670 on upside.

Infosys Outlook for Next Week (July 06, 2015 – July 10, 2015)

EquityPandit’s Outlook for Infosys for week (July 06, 2015 – July 10, 2015):

INFOSYS

 

INFY

 

 

Infosys (NSE: INFY) closed the week on absolutely flat note.

The stock has formed a doji pattern on the weekly chart suggesting the indecision among the traders about the direction of the stock.

This week the stock is facing stiff resistance around the levels of 1000 to 1010.

As seen from the chart the stock is facing stiff resistance in the range of 1010 to 1025 where trend-line and 200 Daily SMA is lying.

Support for the stock is seen in the range of 975 levels where upward sloping trend-line is positioned.

A break below the levels of 985 the stock can drift to the levels of 970 and 950 where long term trend-line support for the stock is positioned.

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

State Bank Of India Outlook for Next Week (July 06, 2015 – July 10, 2015)

EquityPandit’s Outlook for State Bank Of India for week (July 06, 2015 – July 10, 2015):

STATE BANK OF INDIA

 

sbin

 

 

State Bank Of India closed the week on positive note gaining around 4%.

As we have suggested last week that the stock can face stiff resistance in the range of 270 to 280 where medium term moving averages and trend-line are positioned and the stock hit the high of 271 on 23/06/2015 and retraced to the levels of 260. This week also the stock has hit the high of 271 on 02/07/2015 and retraced back.

On daily basis the stock has formed a double top formation pattern around the resistance zone of 270 levels.

If the stock manages to cross above the levels of 271 on closing basis we may see stock moving towards the levels of 280 where 100 and 200 Daily SMA are positioned.

Support for the stock lies in the range of 260 where short term moving averages are positioned.

Broad range for the stock in the coming week can be 255 – 260 on lower side to 280 – 290 on upper side.

Axis Bank Outlook for Next Week (July 06, 2015 – July 10, 2015)

EquityPandit’s Outlook for Axis Bank for week (July 06, 2015 – July 10, 2015):

AXIS BANK

 

axisbank

 

 

Axis Bank closed the week on positive note gaining around 6%.

As we have suggested last week that the stock has formed a Shooting Star pattern on weekly charts in an uptrend and the stock has to close above the levels of 580 to negate this pattern. This week the stock hit the high of 588 and also close above the levels of 580 on weekly basis.

As seen from the chart the stock is trading around the trend-line resistance of 589. Above the levels of 589 we may see stock moving towards the levels of 600 to 620.

Support for the stock lies in the range of 560 to 565 where short term and medium term moving averages are positioned. Also trend-line support for the stock lies in the range of 560.

Broad range for the stock in the coming week can be 560 – 570 on lower side to 600 – 620 on upper side.

ICICI Bank Outlook for Next Week (July 06, 2015 – July 10, 2015)

EquityPandit’s Outlook for ICICI Bank for week (July 06, 2015 – July 10, 2015):

ICICI BANK

 

icicibank

 

 

ICICI Bank closed the week on positive note gaining around 4%.

The stock has formed a Shooting Star pattern last week in an uptrend suggesting the trend reversal. The stock has to close above the high of last week i.e. 320 levels to negate this pattern, but this week stock manages to hit the high of 315.

Major resistance for the stock lies in the zone of 320 to 325 where 100 and 200 Daily SMA is lying.

Support for the stock lies in the zone of 305 to 310 where short term moving averages are positioned.

If the stock manages to close above the levels of 325 we may see stock moving towards the levels of 340.

A break below the levels of 305 can end the medium term uptrend in the stock.

Broad range for the stock in the coming week can be 300 – 305 on lower side to 325 – 330 on upper side.

HDFC Bank Outlook for Next Week (July 06, 2015 – July 10, 2015)

EquityPandit’s Outlook for HDFC Bank for week (July 06, 2015 – July 10, 2015):

HDFC BANK

 

hdfcbank

 

 

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

As we have suggested that the stock has formed a Morning star pattern on weekly charts. The pattern is a bullish reversal signal after a downtrend and the stock is approaching towards the next resistance zone of 1080 where upward moving trend-line is positioned.

The stock hit a high of 1077 during the week.

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

Above the levels of 1080 we could see stock moving towards the upward sloping channel positioned around the levels of 1100.

Support for the stock lies in the range of 1030 to 1050 where trend-line and short term moving averages are positioned.

Broad range for the stock in the coming week can be 1030 – 1050 on lower side to 1080 – 1100 on upper side.

Weekly Outlook For Nifty and Major Indices – July 06, 2015

EquityPandit’s Outlook for Nifty and Major indices for week (July 06, 2015 – July 10, 2015):

NIFTY

nifty

Nifty ended the week with the gain of around 1.2%.

After the gap-down opening on 29/06/2015 due to Greek Drama the index recovered smartly from the levels of sub 8200 and close the week on high around the resistance zone of 8500.

The index closed above the levels of 8450 where 100 Daily SMA was positioned.

On 05/07/2015 Greece is going for the referendum and the outcome will decide further direction of the markets.

From the chart it is seen that the index has the minor trend-line resistance around the levels of 8550. If index manages to move above the levels of 8550 to 8600 we can see index moving towards the levels of 8800.

Support for the index lies in the zone of 8200 to 8300 where short term moving averages, 200 Daily SMA, 50 Daily EMA and trend-lines are positioned.

Range for the week is seen from 8200 to 8300 on downside to 8600 to 8700 on upside.

BANKNIFTY

banknifty

Bank Nifty ended the week with the gain of around 2%.

The index recovered smartly from the lows of the week and ended the week on high around the levels of 18750 near to the resistance zone of 18800 levels.

As seen from the chart the index is approaching towards the resistance zone of 18900 to 19100 where trend-line and upward moving channel are positioned.

Above the resistance zone of 19000 the index can move to the levels of 19400 where downward sloping channel is positioned.

Support for the index lies in the zone of 18200 to 18400 where short term moving averages, long term moving averages and trend-line are positioned.

Range for the week is seen from 18200 to 18400 on downside to 18900 to 19250 on upside.

CNX IT

cnxit

CNX IT index closed the week on negative note losing around 1.5%.

As we have been informing that the index is constantly facing resistance around the downward sloping trend-line positioned around the levels of 11400 and this week also the index made the high around the levels of 11300 and retraced back.

There has been continuous news flow from the IT giants from around the globe about the earnings slowdown which is also affecting the IT index in India and the index is seen underperforming compared to the other indices.

On 09/07/2015, the IT giant TCS will come out with quarterly results. We think the results will be make or break for the index.

If the company comes out with good results we may see the index breaking out of the resistance zone of downward sloping trend-line positioned around the levels of 11300.

If the company disappoints on the result front we may see index breaking down from the levels of 10900 to 11000 which is acting as strong support for the index in any correction.

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

CNX FMCG

cnxfmcg

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

The index outperformed all the indices this week and gained around 4%.

The index is approaching towards the strong resistance zone of 20300 to 20500 where 100 Daily SMA and downward sloping trend-line are positioned.

Above the levels of 20500 the index can move towards the levels of 21000.

Support for the index lies in the zone of 19600 to 19800 where short term moving averages and trend-line are positioned.

Broad range for the index in the coming week is seen from 19500 on downside to 20500 on upside.

CNX PHARMA

CNXPHARMA

CNX PHARMA index closed the week on positive note gaining more than 3.0%.

The index has closed around the strong resistance zone of 12250 where 100 Daily SMA is lying. Also the index has filled the gap which was created on 01/06/2015 on gap down opening.

The index has been forming the Shooting Star pattern on Daily chart in an uptrend. Generally this pattern indicates the trend reversal. The index has to slow above the levels of 12300 to negate this pattern.

If index manages to close above the levels of 12300 we may see index moving towards the levels of 12750 where trend-line resistance are positioned.

Support for the index lies in the zone of 11800 to 12000 where short term moving averages are positioned.

Broad range for the index is seen from 11800 on downside to 12500 on upside.

CNX AUTO

CNXAUTO

CNX AUTO index closed the week on positive note gaining around 2.5%.

The index has closed around the strong resistance zone of 8500 where 100 Daily SMA is lying. The index is also approaching towards the channel resistance which is positioned around the levels of 8650.

The index has formed a Bearish engulfing pattern on daily chart. So starting next week we may see some weakness in the index. The index has to close above the levels of 8600 to negate this pattern.

Support for the index is lying in the zone of 8300 to 8350 where 200 Daily moving average and trend-line are positioned.

Broad range for the index is seen from 8200 to 8300 on downside to 8500 to 8600 on upside.

CNX ENERGY

CNXENERGY

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

The index is facing strong resistance around the zone of 9000 and the index is struggling to close above 9000 levels.

The index is forming the Shooting Star pattern on Daily charts in an uptrend suggesting the trend reversal.

The index has to close above the levels of 9050 to negate this pattern. Above the levels of 9050, the index could move towards the levels of 9200.

Support for the index is seen in the zone of 8800 where short term, 200 Daily SMA and trend-line are positioned.

Broad range for the index is seen between 8700 on downside to 9200 on upside.

Advice for – Friday, July 03, 2015

ep

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat. EquityPandit predicted that 8490 would act as major resistance for Nifty, breaching which, Nifty would see sharp positive movement but before that it would see some profit booking that would be a great opportunity for traders to go long and exactly same happened. Market gave the opportunity number of times. Nifty moved up sharply but saw strong resistance at EquityPandit’s predicted resistance levels at 8490 levels and fell down from there. BankNifty also saw highs right at EquityPandit’s predicted resistance levels of 18640 like a dot. Market fell down sharply from EquityPandit’s predicted resistance levels and Sensex saw lows right near EquityPandit’s predicted support levels of 27910. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market to open flat. Analysis would remain same. Market would still see sideways movement today and the actual movement would be seen in Indian Stock Market on Monday after Greece referendum. Greece woes still continues but Indian Stock Market has formed an Inverse head and shoulder pattern that is bullish in nature. Breaching the levels of 8490 for Nifty would confirm this bullish pattern and we can see much higher levels, may be 8700-8900 levels for Nifty. If it happens, BankNifty would be the major driving force in the positive side. Some profit booking can’t be ruled out but the trade is in the long side of the trend. Traders, who take long positions home are adviced to hedge the position with suitable put options to avoid any kind of risk as the referendum would be called on Sunday and the effect would be seen by gap up or gap down opening on Monday in Indian Stock Market. Breaching levels of 8414 by closing would be the first sign of weakness and the positive trend would be considered as a false trend if Nifty breaches the levels of 8300. FIIs were net buyers of Rs.575.32 crores whereas DIIs were net sellers of Rs.219.02 crores in last trading session. Nifty would see strong support at 8414-8400-8300 whereas strong resistance would be seen at 8490-8505-8567 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (8445) The support for the Nifty is 8414-8400-8300 and the resistance to the up move is at 8490-8505-8567 levels.

NSE BankNifty: (18586) The support for BankNifty is at 18500-18460-18350-18260 and the resistance to the up move is at 18640-18752-18832 levels.

BSE Sensex: (27946) The support for the Sensex is at 27905-27780-27635 and the resistance to the up move is at 28100-18180-18300-18530 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, July 02, 2015

ep

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat. EquityPandit predicted that Indian Stock Market is still in positive trend and even if some profit booking is seen, traders should hold their long positions or go long into the market. EquityPandit also predicted that any dip in the market would be an excellent opportunity for traders to go long and exactly same happened. EquityPandit was the only company that was bullish in the market and the market reacted in the same way. Nifty moved up sharply and saw strong resistance right at EquityPandit’s predicted resistance levels of 8490 levels. BankNifty breached EquityPandit’s levels of 18500 and saw a sharp positive movement as predicted by EquityPandit. BankNifty saw highs right near EquityPandit’s predicted resistance levels of 18640. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market to open flat. Greece woes still continues but Indian Stock Market has formed an Inverse head and shoulder pattern that is bullish in nature. Breaching the levels of 8490 for Nifty would confirm this bullish pattern and we can see much higher levels, may be 8700-8900 levels for Nifty. If it happens, BankNifty would be the major driving force in the positive side. Some profit booking can’t be ruled out but the trade is in the long side of the trend. Breaching levels of 8414 by closing would be the first sign of weakness and the positive trend would be considered as a false trend if Nifty breaches the levels of 8300. Both FIIs and DIIs were buyers in Indian Stock Market in last trading session. FIIs were net buyers of Rs.75.03 crores whereas DIIs were net buyers of Rs.52.12 crores in last trading session. Nifty would see strong support at 8414-8400-8300 whereas strong resistance would be seen at 8490-8505-8567 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (8453) The support for the Nifty is 8414-8400-8300 and the resistance to the up move is at 8490-8505-8567 levels.

NSE BankNifty: (18582) The support for BankNifty is at 18460-18350-18260 and the resistance to the up move is at 18640-18752-18832-18900 levels.

BSE Sensex: (28021) The support for the Sensex is at 27970-27910-27780 and the resistance to the up move is at 28100-18180-18300-18530 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, July 01, 2015

ep

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative in last trading session.EquityPandit predicted that Indian Stock Market can see some profit booking but overall market is still in positive trend. EquityPandit also predicted that traders should hold their long positions until BankNifty doesn’t closes below 18147 level and traders should go long at every dip in the market and exactly same happened. Indian Stock Market moved down sharply and saw lows right near EquityPandit’s support levels of 18069 for BankNifty and 27568 levels for Sensex like a dot. Finally market rebounded from those levels as EquityPandit predicted that market is still in positive trend and every dip in the market is long opportunity for traders. BankNifty closed right below EquityPandit’s predicted resistance levels of 18300 like a dot. Nifty also closed near to EquityPandit’s predicted resistance levels of 8365. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market to open flat. Greece has missed the deadline for the payment to the International Monetary fund hours. IMF spokesperson said that Greece can now only receive further IMF funding once the arrears are cleared. Now market is lying at the thin line and the direction would be confirmed only by July 5, 2015, the day of referendum. Analysis still remains the same. 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 levels couple of times. First sign of weakness would be seen, if Nifty closes below 8300 levels. Traders should not take naked position for now and should hedge their position to avoid any kind of risk. FIIs were net sellers of Rs.551.38 crores whereas DIIs were net buyers of Rs.580.59 crores in last trading session. Nifty would see strong support at 8260-8200-8100 whereas strong resistance would be seen at 8380-8446-8490 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (8368) The support for the Nifty is 8300-8260-8200-8100 and the resistance to the up move is at 8380-8446-8490 levels.

NSE BankNifty: (18296) The support for BankNifty is at 18060-17950-17800 and the resistance to the up move is at 18300-18500-18640 levels.

BSE Sensex: (27781) The support for the Sensex is at 27568-27450-27300-27200 and the resistance to the up move is at 27720-27970-28071 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.

Premium Subscription Pricing details can be seen at Stock Market Premium Services