Advice for – Monday, August 31, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive with more than 100 points for Nifty. Equitypandit predicted that Indian Stock Market would see sharp positive movement and may enter into positive zone. Indian Stock Market exactly reacted in the same way and moved sharply positive but unfortunately, market couldn’t hold higher levels. Market fell down sharply from day highs on account of profit booking resisting from staying in positive zone. Finally, Nifty closed right below EquityPandit’s predicted resistance levels of 8005 like a dot.

Today: Indian Stock Market would open negative. Indian Stock Market is still in negative trend and was not able to breach EquityPandit’s levels of 17465 levels for Bank Nifty. BankNifty would enter into positive trend only if it closes above 17465 levels. Today, if BankNifty doesn’t breaches levels of 17465 by closing then a big downfall is intact as complete Banking sector would enter into long term negative trend and market can see new 52 week lows in upcoming days. To save market from long-term negative trend, August month closing (today’s closing) should be above 17840 levels that looks little hard to achieve and hence downtrend is intact. FIIs were net buyers of Rs.56.41 crores whereas DIIs were net buyers of Rs.847.43 crores in last trading session. Nifty would see strong support at 7927-7864-7770-7725 whereas strong resistance would be seen at 8060-8105-8200-8322 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: (8002) The support for the Nifty is 7927-7864-7770-7725 and the resistance to the up move is at 8060-8105-8200-8322 levels.

NSE BankNifty: (17212) The support for BankNifty is at 17160-17060-16885 and the resistance to the up move is at 17390-17520-17660-17870 levels.

BSE Sensex: (26392) The support for the Sensex is at 26140-25940-25700 and the resistance to the up move is at 26560-26730-26880 levels.

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Colgate Palmolive Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for Colgate Palmoilve for the week (August 31, 2015 – September 04, 2015):

 

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive (NSE: COLPAL) closed the week on negative note losing more than 2%.

During the week the stock sold off to the levels of 1860 where trend-line support for the stock is lying. The stock close the week around the levels of 1947.

The stock has formed a Hammer pattern on weekly charts.

If the stock manages to close above the levels of 1980 the stock can move to the levels of 2010 where 100 Daily SMA is positioned. Above the levels of 2010 the stock can move to the levels of 2080 where trend-line resistance for the stock is lying.

The stock has the strong support zone around the levels of 1850 to 1860 where long term trend-line is positioned,

Resistance for the stock lies in the zone of 1960 where 200 Daily moving average is positioned.

Broad range for the stock is seen between 1840 to 1860 on lower end and 1980 to 2000 on upper end.

Dabur Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for DABUR for the week (August 31, 2015 – September 04, 2015):

 

DABUR:

 

DABUR

 

Dabur closed the week on negative note losing around 6%.

During the week the stock sold off to the levels of 256 before closing the week around the levels of 280 around the 100 Daily SMA.

Support for the stock lies in the zone of 260 to 270 where 100 and 200 Daily SMA and trend-line support for the stock are positioned.

If the stock manages to close above the levels of 295 the stock can move to the levels of 315.

Broad range for the stock is seen between 260 to 265 on lower end and 300 to 310 on upper end.

Hindustan Unilever Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for Hindustan Unilever for the week (August 31, 2015 – September 04, 2015):

 

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

Hindustan Unilever (NSE: HINDUNILVR) closed the week on negative note losing more than 3%.

As we have mentioned last week that the support for the stock lies in the range of 840 to 860 where 200 Daily SMA, 50 Weekly SMA and trend-line support are positioned. The stock hit a low of 845 during the week.

Support for the stock lies in the zone of 840 to 860 where 50 Weekly SMA and trend-line support are positioned. If the stock moves below the levels of 840 the stock can drift to the levels of sub 800.

Resistance for the stock lies in the zone of 860 to 880 where 100 and 200 Daily SMA are positioned. If the stock manages to close above the levels of 880 the stock can move to the levels of 920.

Broad range for the stock in coming week is seen between 830 to 840 on downside and 900 to 910 on upside.

ITC Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for ITC for the week (August 31, 2015 – September 04, 2015):

 

ITC:

 

ITC

 

ITC closed the week on negative note losing more than 1%.

As we have mentioned last week that the support for the stock lies in the zone of 315 to 320 where short term moving averages and long term trend-line support for the stock lies. The stock hit a low of 312 during the week and close the week around the levels of 327.

As seen from the charts the stock has formed a Inverse Head & Shoulder pattern on daily charts. The neckline for the same lies around the levels of 332. If the stock manages to close above the levels of 332 and according to the Inverse Head & Shoulder pattern the targets for the breakout can be in the range of 370.

Resistance for the stock lies in the zone of 335 to 340 where 200 and 500 Daily SMA are lying. If the stock manages to close above this levels the stock can move to the levels of 370.

Broad range for the stock in coming week is seen between 310 to 315 on downside and 345 to 350 on upside.

Cipla Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for Cipla for the week (August 31, 2015 – September 04, 2015):

 

CIPLA:

 

CIPLA

 

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

As we have mentioned last week that the stock has formed a Bearish engulfing pattern on weekly charts and the stock has to move above the levels of 740 to negate this pattern. Support for the stock lies in the zone of 660 where 100 and 200 Daily SMA are positioned. Below which the stock can drift to the levels of 620 where long term support for the stock is lying. The stock hit a low of 606 and bounce back to the levels of 660 during the week.

The stock is trading near to strong support zone of 660 where 100 and 200 Daily SMA are positioned. If the stock breaks below the levels of 660 the stock can drift to the levels of 620 where long term support for the stock is lying.

Resistance for the stock lies in the zone of 680 above which the stock can move to the levels of 700 to 710 from where the stock has broken out.

Broad range for the stock is seen in the range of 600 – 620 on downside to 710 – 720 on upside.

Dr. Reddy Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (August 31, 2015 – September 04, 2015):

 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing more than 1%.

As we have mentioned last week that the support for the stock lies in the zone of 4150 from where the stock has broken out of the channel. If the stock breaks below the levels of 4150 the stock can drift to the levels of 4000 where upward moving channel is positioned. The stock hit a low of 3932 during the week and bounce back to the levels of 4180.

If the stock manages to close above the levels of 4250 the stock can move to the levels of 4350 to 4400.

If the stock breaks below the levels of 4100 the stock can drift to the levels of sub 4000.

Support for the stock lies in the zone of 4100 where short term moving averages are positioned.

Resistance for the stock lies in the zone of 4300 above which the stock can move to the levels of 4400.

Broad range for the stock is seen from 3950 – 4000 on downside to 4350 – 4400 on upside.

Lupin Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for Lupin for the week (August 31, 2015 – September 04, 2015):

 

LUPIN:

 

LUPIN

 

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

As we have mentioned last week that the stock is approaching towards the strong resistance zone of 1950 where downward sloping trend-line joining high and also the channel resistance are positioned. If the stock breaks below the levels of 1800 the stock can move to the levels of 1680 where 200 Daily SMA and channel support for the stock are positioned. The stock hit a low of 1715 during the week and bounce back to the levels of 1860.

On 28/08/2015, the stock retraced from the resistance zone of 1950 to close around the levels of 1860.

Support for the stock lies in the zone of 1700 to 1750 where 100 and 200 Daily moving averages are positioned below which the stock can drift to the levels of 1600.

Resistance for the stock lies in the zone of 1950 where downward sloping trend-line are positioned. Above the levels of 1950 the stock can move to the levels of 2100.

Broad range for the stock is seen from 1700 – 1750 on downside to 1950 – 2000 on upside.

Sun Pharma Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for Sun Pharma for the week (August 31, 2015 – September 04, 2015):

 

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on negative note losing more than 5%.

As we have mentioned last week that the support for the stock lies in the range of 900 to 910 where 100 & 200 Daily SMA are positioned. Below which the stock can drift to the levels of 860 from where the stock has broken out. The stock has hit a low of 850 during the week and bounce back to the levels of 886.

If the stock manages to close above the levels of 920 the stock can move to the levels of 960 where upward moving trend-line is positioned.

If the stock breaks below the levels of 860 on closing basis the stock can drift to the levels of 800.

Broad range for the stock in the coming week can be 820 – 840 on lower side to 960 – 980 on upper side.

Wipro Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for Wipro for the week (August 31, 2015 – September 04, 2015):

 

WIPRO:

 

WIPRO

 

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

As we have mentioned last week that the stock has been moving in the range of 555 on downside where 500 Daily SMA is positioned and 580 on upside where 200 Daily SMA is positioned. A breakout on either side can take the stock further 5% to 6% in that direction. The stock broke below the consolidation range of 550 to 580. Below the levels of 550 the stock drifted to the levels of 528 and bounce back to close the week around the levels of 563.

The stock manages to move above the 100 Daily SMA and 200 Daily SMA positioned around the levels of 550 to 560.

Support for the stock lies in the zone of 550 below which the stock can drift to levels of 530 where long term support for the stock lies.

Resistance for the stock lies in the zone of 560 to 570 above which the stock can move to the levels of 580 to 600.

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 the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for HCL Tech for the week (August 31, 2015 – September 04, 2015):

 

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Technologies (NSE: HCLTECH) closed the week on negative note losing 1%.

As we have mentioned last week that the stock has taken support around the levels of 940 where 100 Daily SMA is positioned. If the stock breaks below the levels of 940 the stock can move to the levels of 900 where 200 Daily SMA is positioned. Below the levels of 940 the stock drifted to the levels of 884 during the week and bounce back to the levels of 952.

The stock has formed a Hammer pattern on weekly charts in an downtrend.

If the stock manages to close above the levels of 960 the stock can move to the levels of 1000 where upward moving trend-line is positioned.

If the stock drifts below the levels of 880, the stock can move to the levels of 860 where medium term trend-line support for the stock is lying.

Broad range for the stock in the coming week is seen between 900 to 910 on downside to 980 to 1000 on upside.

TCS Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for TCS for the week (August 31, 2015 – September 04, 2015):

 

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on negative note losing around 4%.

During the week the stock has taken support around the lower end of upward moving channel and 100 & 200 Daily SMA positioned around the levels of 2500 to 2550.

If the stock manages to close above the levels of 2650 the stock can move to the levels of 2725 where upper end of the channel is positioned.

If the stock drifts below the levels of 2500, the stock can move to the levels of 2400 where medium term support for the stock lies.

Broad range for the stock in the coming week is seen between 2500 to 2550 on downside to 2650 to 2700 on upside.

Infosys Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for Infosys for the week (August 31, 2015 – September 04, 2015):

 

INFOSYS:

 

INFY

 

INFOSYS  (NSE: INFY) closed the week on negative note losing around 3%.

As we have mentioned last week that the stock has formed a Doji pattern on weekly charts indicating the indecision among the traders about the further direction of the stock. If the stock breaks below the levels of 1100 to 1120 on closing basis then the stock can move to the levels of 1055 to 1070 where medium term moving averages are positioned. The stock corrected to the levels of 1045 and bounce to the levels of 1111 during the week.

If the stock drifts below the levels of 1045 the stock can move to the levels of 1000 where 100 and 200 Daily SMA are positioned.

If the stock manages to close above the levels of 1130 the stock can move to the levels of 1190.

Broad range for the stock in the coming week is seen between 1040 to 1060 on downside to 1160 to 1180 on upside.

SBI Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for SBI for the week (August 31, 2015 – September 04, 2015):

 

STATE BANK OF INDIA:

 

SBIN

 

State Bank Of India (NSE: SBIN) closed the week on negative note losing around 7%.

The stock has taken support around the levels of 235 where trend-line support for the stock is positioned. The support zone of 230 to 235 is holding the stock in recent corrections.

If the stock drifts below the levels of 235 the stock can move to the levels of 210 where 1000 Daily SMA for the stock is positioned.

If the stock manages to move above the resistance zone of 255 to 260 the stock can move to the levels of 270 to 280 where 100 and 200 Daily SMA are positioned.

The stock was consolidating in the range of 250 to 255 on lower end to 275 to 280 on upper end since last 1 month. The stock has broken down from this consolidation range, so 250 to 255 will be strong resistance zone for the stock.

Broad range for the stock in the coming week can be 230 – 235 on lower side to 255 – 260 on upper side.

Axis Bank Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for Axis Bank for the week (August 31, 2015 – September 04, 2015):

 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 3%.

As we have mentioned last week that the stock has broke below all the major support zone and it seems the stock can move to sub 500 levels. The stock hit a low of 475 during the week and bounce to the levels of 508.

During the week the stock has taken support around the downward moving channel positioned around the levels of 470, in which the stock is moving since March – 2015.

If the stock manages to close above the levels of 525 the stock can move to the levels of 550 where 100 and 200 Daily SMA are positioned.

If the stock drifts below the levels of 475, the stock can correct to the levels of 400 where next important support for the stock is lying.

The stock has formed a Doji pattern on weekly charts in downtrend indicating the exhaustion of selling pressure.

Broad range for the stock in the coming week can be 470 – 480 on lower side to 550 – 560 on upper side.

ICICI Bank Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for ICICI Bank for the week (August 31, 2015 – September 04, 2015):

 

ICICI BANK:

 

ICICIBANK

 

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

As we have mentioned last week that the stock has been moving in the range of 280 on downside to 320 on upside since the month of June – 2015. If the stock breaks below the levels of 280 on closing basis then the stock can move to the levels of 250 to 260. The stock hit a low of 267 during the week and bounce back to the levels of 283.

The stock has formed a Hammer pattern on weekly charts.

If the stock manages to close above the levels of 290 the stock can move to the levels of 305 to 310 where 100 Daily SMA is lying.

Strong support for the stock lies in the range of 250 to 260 where long term trend-line, 500 Daily SMA and downward sloping trend-line are positioned.

Broad range for the stock in the coming week can be 250 – 260 on lower side to 300 – 310 on upper side.

HDFC Bank Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for HDFC Bank for the week (August 31, 2015 – September 04, 2015):

 

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on negative note losing around 3%.

As we have mentioned last week that the stock is approaching towards the support zone of 1040 to 1050 where trend-line support and 100 Daily SMA are positioned. If the stock breaks below the support zone the stock can move to the levels of 1020 where 200 Daily SMA is positioned. The stock hit a low of 1006 during the week and bounce to the levels of 1028.

If the stock manages to close above the levels of 1045 the stock can move to the level of 1060 to 1080 from where the stock broke down.

If the stock drifts below the levels of 1000, the stock can correct to the levels of 960 where channel support for the stock is lying.

Broad range for the stock in the coming week can be 980 – 1000 on lower side to 1070 – 1090 on upper side.

CNX Energy Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for CNX Energy for the week (August 31, 2015 – September 04, 2015):

 

CNX ENERGY:

 

CNXENERGY

 

CNX ENERGY index closed the week on negative note losing more than 3%.

As we have mentioned last week that the index broke below the 1000 Daily SMA and 200 Weekly SMA, and close the week virtually at the lowest point and the index sold off to the levels of 7250 before closing the week around the levels of 7730.

During the week the index also drifted below the long term support zone of 7300 but manages to bounce back. So coming week if the index manages to hold the levels of 7300 the index can move to the levels of 8000.

If the index manages to close above the levels of 7800, the index can witness a huge short covering bounce which can take index to the levels of 8000.

Resistance for the index is lying in the zone of 8100 to 8200 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Broad range for the index is seen between 7300 to 7400 on downside to 8000 to 8100 on upside.

CNX Auto Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for CNX Auto for the week (August 31, 2015 – September 04, 2015):

 

CNX AUTO:

 

CNXAUTO

 

CNX AUTO index closed the week on negative note losing around 4%.

As we have mentioned last week that the index could not hold the trend-line and close below it. The index sold off to the lower end of the channel positioned around the levels of 7750. At the end of the week the index manages to close above the lower end of the channel.

If the index manages to close above the levels of 8100, the index can move to the levels of 8300 to 8400 where 100 and 200 Daily SMA is lying.

Support for the index lies in the zone of 7700 to 7800 where trend-line and lower end of the channel support is positioned.

Broad range for the index is seen from 7700 to 7800 on downside to 8300 to 8400 on upside.

CNX Pharma Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for CNX Pharma for the week (August 31, 2015 – September 04, 2015):

 

CNX PHARMA:

 

CNXPHARMA

 

CNX PHARMA index closed the week on negative note losing around 4%.

As we have mentioned last week that the index has formed the bearish pattern on daily charts on 20/08/2015 and 21/08/2015 around the upper end of the channel pattern. So next week we can expect the index to consolidate or correct. If the index broke below the levels of 13100 the index can move to the levels of 12500 where the lower end of the upper moving channel is positioned.

During the week the index has taken support around the lower end of the upper moving channel and 100 Daily SMA positioned around the levels of 12300.

This week if the index manages to close above the levels of 13300 the index can move to the levels of 13700.

Support for the index lies in the zone of 12300 to 12500 where short term moving averages and 100 Daily SMA are lying.

Resistance for the index lies in the zone of 13750 where trend-line resistance is positioned.

Broad range for the index is seen from 12300 to 12500 on downside to 13500 to 13700 on upside.

CNX FMCG Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for CNX FMCG for the week (August 31, 2015 – September 04, 2015):

 

CNX FMCG:

 

CNXFMCG

 

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

During the week on back of global sell-off the index corrected to the levels of 19350 where the index took support at the medium term trend-line. This trend-line is holding the index in every correction.

Below the levels of 19350 the index has a very strong support zone of 18700 where 500 Daily SMA and major support trend-line is lying.

If the index moves above the levels of 20300 the index can move to the levels of 20800 and 21500.

Coming week we can expect the markets to be quite volatile and broad range for the week can be 19000 on downside to 21000 on upside.

Broad range for the index in the coming week is seen from 18500 to 19000 on downside to 21000 to 21500 on upside.

CNX IT Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for CNX IT for the week (August 31, 2015 – September 04, 2015):

 

CNX IT:

 

CNXIT

 

CNX IT index closed the week on negative note losing around 3.50%.

As we have mentioned last week that the index has formed a Doji pattern on weekly charts in an uptrend indicating the indecision among the traders about the further direction of the index. The index sold off during the week and lost more than 4%.

During the week the index took support around the medium term trend-line support around the levels of 11000. Below the levels of 11000 the index has strong support around the levels of 10800.

The index has closed around the 200 Daily SMA lying at the levels of 11630. If the index manages to close above the levels of 11630 the index can move to the levels of 11900 where channel resistance for the index is lying.

Coming week we can expect the markets to be quite volatile and broad range for the week can be 11000 on downside to 12000 on upside.

Broad range for the index in the coming week is seen from 11000 on downside to 12000 on upside.

Bank Nifty Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (August 31, 2015 – September 04, 2015):

 

BANK NIFTY:

 

BANKNIFTY

 

Bank Nifty ended the week on negative note losing more than 4.50%.

Global jitters hit the markets all over the world and all the global markets where down between 3% to 7%.

During the week the index has taken support around the channel support lying around the levels of 16600. If during the week the index breaks below the levels of 16600 the index can drift to the levels of 15500.

If the index closes above the levels of 17500 the index can move to the levels of 18000 to 18500 from where the index has broken down.

Coming week we can expect the markets to be quite volatile and broad range for the week can be 16000 on downside to 18000 on upside.

Technically the index is trading below short term and long term moving averages which suggest the index is trading very weak.

Range for the week is seen from 15500 to 16000 on downside to 18000 to 18500 on upside.

Nifty Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for Nifty for week (August 31, 2015 – September 04, 2015):

 

NIFTY:

 

NSE Nifty

 

CNX Nifty ended the week on negative note losing around 3.5%.

Global jitters hit the markets all over the world and all the global markets where down between 3% to 7%.

This week was very volatile and the index was moving everywhere.

Technically the index is trading below short term and long term moving averages which suggest the index is trading very weak and the high volatility can be witnessed during the week.

Coming week we can expect the markets to be quite volatile and broad range for the week can be 7700 on downside to 8300 on upside.

The index has formed a Hammer pattern on weekly charts in an downtrend.

If the index manages to close above the levels of 8100 the index can move to the levels of 8250 to 8300.

If the index breaks below the levels of 7800 the index can move to the levels of 7600.

Range of the week is seen from 7650 to 7700 on downside to 8350 to 8400 on upside.

Advice for – Friday, August 28, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive with more than 100 points for Nifty. EquityPandit predicted that market would see sharp positive movement due to short covering and exactly same happened. Traders, who followed EquityPandit advice might have earned huge profits for the day. Nifty moved sharply positive and saw highs right at EquityPandit’s predicted resistance levels of 7960 like a dot and closed just below those levels. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open gap positive with 50-100+ points positive for Nifty. Now Nifty and BankNifty would see a sharp positive rally and may enter into positive zone today. BankNifty would enter into positive zone once it breaches levels of 17465 levels on spot basis. Traders should go long in the market at this point of time. Technically, BankNifty needs to close above 17850 levels by the end of August 2015 (2 trading session left) to stay in long-term positive zone else a big downfall would be seen that would be much bigger than this one as it would enter into long-term negative zone. Anyhow, today, the trade is positive side and one should buy at every dip in the market for today. FIIs had been a big seller in the market which is a big concern in the Indian Stock market. FIIs were net sellers of whooping Rs.3347.35 crores whereas DIIs were net buyers of Rs.2577.06 crores in last trading session. Nifty would see strong support at 7927-7864-7770-7725 whereas strong resistance would be seen at 8005-8060-8200 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (7949) The support for the Nifty is 7927-7864-7770-7725 and the resistance to the up move is at 8005-8060-8200-8322 levels.

NSE BankNifty: (17214) The support for BankNifty is at 17160-17060-16885 and the resistance to the up move is at 17390-17520-17660-17870 levels.

BSE Sensex: (26231) The support for the Sensex is at 26140-25940-25700 and the resistance to the up move is at 26380-26560-26730-26880 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

Advice for – Thursday, August 27, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative for the day. EquityPandit also predicted that market is still in negative zone and downfall is intact, so traders should go short at every positive movement in the market and exactly same happened. Indian Stock Market moved positive but was not able to sustain the higher levels and fell down sharply as per the EquityPandit’s prediction. Traders, who followed EquityPandit advice to go short might have earned huge profits for the day. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open gap positive with 50-100 points positive for Nifty. Today is F&O Expiry and large swings would be seen in the market. So get ready for roller coaster rides. Some sharp short covering (Positive rally) would be seen in the market due to expiry of August contracts. Today market is supposed to see shar positive trend and if levels of 17465 is breached for Bank Nifty on positive side then market would enter into positive zone and can touch the levels of 18500 in upcoming days but till then Market is still in negative zone.  Traders can trade long if BankNifty breaches levels of 17465 by closing. Breaching levels of 7667 for Nifty and 16670 for BankNifty would force market to see sharp downfall and levels of 7500 for Nifty and 16000 for BankNifty could be seen in days to come. FIIs are continuous sellers in the market and it is not a good sign for Indian Stock Market. FIIs were net sellers of whooping Rs.2345.77 crores whereas DIIs were net buyers of Rs.1881.08 crores in last trading session. Nifty would see strong support at 7725-7630-7576-7500 whereas strong resistance would be seen at 7960-8005-8060-8200 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (7791) The support for the Nifty is 7725-7630-7576-7500 and the resistance to the up move is at 7960-8005-8060-8200 levels.

NSE BankNifty: (16918) The support for BankNifty is at 16670-16560-16300-16157 and the resistance to the up move is at 17390-17520-17660-17870 levels.

BSE Sensex: (25714) The support for the Sensex is at 25526-25232-25000 and the resistance to the up move is at 26380-26560-26730-26880 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, August 26, 2015

EquityPandit

Last Trading Session: Indian Stock Market opened positive and went down sharply negative as per EquityPandit’s prediction. EquityPandit predicted that some short covering would be seen in the market that would take market higher and exactly same happened. BankNifty saw highs right at EquityPandit’s predicted resistance levels of 17280. Indian Stock Market moved positive on the account of short covering in the market. Finally, It was a volatile day and Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open gap negative. Analysis would remain same. Market is still in negative zone and further downfall is intact. Breaching yesterday’s low i.e. 7667 for Nifty and 16670 for BankNifty would force market to see sharp downfall and levels of 7500 for Nifty and 16000 for BankNifty could be seen in days to come. BankNifty would enter in positive zone only once it closes above 18490. Till then market would be considered weak. Once BankNifty closes above 18490 levels, we could see sharp short covering rally to fill up the gaps in the market. Technically, few opening gaps has been seen in 3 days fall and in ideal situation, market or any stock fills up the gap in some days hence some short covering could be seen. FIIs were net sellers of whooping Rs.2080.01 crores whereas DIIs were net buyers of Rs.1963.09 crores in last trading session. Nifty would see strong support at 7725-7630-7576-7500 whereas strong resistance would be seen at 7960-8005-8060-8200 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (7881) The support for the Nifty is 7725-7630-7576-7500 and the resistance to the up move is at 7960-8005-8060-8200 levels.

NSE BankNifty: (17193) The support for BankNifty is at 16670-16560-16300-16157 and the resistance to the up move is at 17390-17520-17660-17870 levels.

BSE Sensex: (26032) The support for the Sensex is at 25916-25526-25232-25000 and the resistance to the up move is at 26380-26560-26730-26880 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, August 25, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative with 150+ points for Nifty and 300+ points for Sensex. EquityPandit also predicted that market would see further sharp downfall with atleast 400-600 points for BankNifty and suggested traders to go short in market and exactly same happened. Indian Stock Market cracked down with panic on the street breaching all the supports. EquityPandit predicted this breakdown in advance and suggested traders to go short in the market from August 19, 2015 at 18800 levels for BankNifty and since then BankNifty has fallen almost 2100 points. EP-BankNifty Package subscribers are still short in BankNifty with 1600 points profits till now. Finally, Indian Stock Market closed gap negative for third straight day exactly as per EquityPandit’s predictions.

Today: Indian Stock Market would open gap positive. Some sharp short covering can’t be ruled out after 3 days sharp fall but traders should short at every positive movement in the market. Indian Stock Market is still in negative zone and further downfall is intact. Investors should hold cash at this point of time. Long positions should not be initiated until the first sign of strength is seen in the market. Technically, few opening gaps has been seen in last 3 days and in ideal situation, market or any stock fills up the gap in some days hence some short covering could be seen. FIIs were net sellers of whooping Rs.5275.40 crores whereas DIIs were net buyers of Rs.4097.83 crores in last trading session. Nifty would see strong support at 7725-7630-7576-7500 whereas strong resistance would be seen at 7960-8005-8060-8105 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

NSE Nifty: (7809) The support for the Nifty is 7725-7630-7576-7500 and the resistance to the up move is at 7960-8005-8060-8105 levels.

NSE BankNifty: (16812) The support for BankNifty is at 16560-16300-16157-15980 and the resistance to the up move is at 16970-17280-17390-17520 levels.

BSE Sensex: (25742) The support for the Sensex is at 25526-25232-25000-24892 and the resistance to the up move is at 26000-26380-26560-26730 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, August 24, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative with 67 points for Nifty. EquityPandit predicted that market would see a sharp down fall and a big breakdown would be seen once Nifty breaches levels of 8315 and exactly same happened. EquityPandit suggested traders to go short at every positive movement in the market. Market fell down sharply after breaching EquityPandit’s suggested short levels of 8315 and saw lows right at EquityPandit’s predicted support levels of 8226 like a dot. Traders who followed EquityPandit’s advice to go short in Nifty and Bank Nifty might have earned whooping profits for the day. BankNifty also closed just above EquityPandit’s predicted support levels of 18034 levels. EquityPandit was the first research company to warn the fall in the market and suggested traders to go short in the market from August 19, 2015 at 18800 levels for BankNifty and since then BankNifty has fallen almost 1000 points. Finally, Indian Stock Market closed gap negative for second day exactly as per EquityPandit’s predictions.

Today: Indian Stock Market would open gap negative with 70-150 points for Nifty and 300+ negative points for BankNifty. Indian Stock Market is still in negative zone and saw breakdown in last trading session. Today also, a big downfall would be seen in the market. BankNifty may again fall around 400-600 points today. Indian Stock Market could be saved only if some rate cut is been announced by RBI else we would see sub 8000 levels for Nifty and 17300 levels for BankNifty in upcoming days. Since we have entered into F&O Expiry week and hence we could witness huge volatility in the market. FIIs were net sellers of whooping Rs.2340.60 crores whereas DIIs were net buyers of Rs.1524.10 crores in last trading session. Nifty would see strong support at 8225-8198-8100 whereas strong resistance would be seen at 8320-8385-8430 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: (8300) The support for the Nifty is 8225-8198-8100 and the resistance to the up move is at 8320-8385-8430 levels.

NSE BankNifty: (18057) The support for BankNifty is at 17800-17720-17590-17500 and the resistance to the up move is at 18120-18300-18450-18500 levels.

BSE Sensex: (27366) The support for the Sensex is at 27073-26897-26675 and the resistance to the up move is at 27442-27640-27720 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

Cipla Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for Cipla for the week (August 24, 2015 – August 28, 2015):

 

CIPLA:

 

CIPLA

 

CIPLA closed the week on negative note losing around 6%.

As we have mentioned last week that the stock is approaching towards the strong resistance zone of 750 to 755 where earlier highs of the stock is lying. The stock was not able to move above the resistance zone of 750 and sold off to the levels of 670 during the week.

The stock has formed a Bearish engulfing pattern on weekly charts and the stock has to move above the levels of 740 to negate this pattern.

Support for the stock lies in the zone of 660 where 100 and 200 Daily SMA are positioned. Below which the stock can drift to the levels of 620 where long term support for the stock is lying.

Resistance for the stock lies in the zone of 700 to 710 from where the stock has broken out.

Broad range for the stock is seen in the range of 650 – 660 on downside to 710 – 720 on upside.

Dr. Reddy Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (August 24, 2015 – August 28, 2015):

 

DR. REDDY:

 

DRREDDY

 

Dr. Reddy closed the week on absolutely flat note.

As we have mentioned last week that the support for the stock lies in the zone of 4150 from where the stock has broken out of the channel pattern and during the week the stock hit a low of 4159 and bounce to the levels of 4327 and close the week around the levels of 4244.

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

For the coming week if the stock manages to close above the levels of 4336 the stock can move to the levels of 4500.

During the week the stock is seen consolidating in the range of 4150 on downside to 4325 on upside. A break on either side will decide the further direction of the stock.

Support for the stock lies in the zone of 4150 from where the stock has broken out of the channel. If the stock breaks below the levels of 4150 the stock can drift to the levels of 4000 where upward moving channel is positioned.

Broad range for the stock is seen from 4100 – 4150 on downside to 4400 – 4450 on upside.

Lupin Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for Lupin for the week (August 24, 2015 – August 28, 2015):

 

LUPIN:

 

LUPIN

 

Lupin closed the week on positive note gaining more than 4%.

The stock is approaching towards the strong resistance zone of 1950 where downward sloping trend-line joining high and also the channel resistance are positioned.

If the stock manages to close above the levels of 1950 the stock will break out of the downward sloping trend-line and can move to the levels of 2100.

If the stock breaks below the levels of 1800 the stock can move to the levels of 1680 where 200 Daily SMA and channel support for the stock are positioned.

Support for the stock lies in the zone of 1800 to 1850 where short term and 100 Daily moving averages are positioned below which the stock can drift to the levels of 1700.

Resistance for the stock lies in the zone of 1950 to 1980 where downward sloping trend-line are positioned. Above the levels of 1980 the stock can move to the levels of 2100.

Broad range for the stock is seen from 1800 – 1820 on downside to 1970 – 1990 on upside.

Sun Pharma Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for Sun Pharma for the week (August 24, 2015 – August 28, 2015):

 

SUN PHARMA:

 

SUNPHARMA

 

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

As we have mentioned last week that the stock is approaching towards the strong resistance zone of 910 to 920 where 100 Daily SMA and 200 Daily SMA are positioned. Above the levels of 920 the stock can move to the levels of 950 from where the stock broke down on back of bad news. The stock hit a high of 966 levels and retraced back to close the week around the levels of 938. Around the levels of 960 the stock has formed a Double top pattern.

The stock has virtually filled the gap created when the stock opened gap down on 21/07/2015 due to bad news flow. If the stock manages to close above the levels of 960 the stock can move to the levels of 1030 where upward moving trend-line is positioned.

Support for the stock lies in the range of 900 to 910 where 100 & 200 Daily SMA are positioned. Below which the stock can drift to the levels of 860 from where the stock has broken out.

Resistance for the stock lies in the range of 960 to 970 above which the stock can move to the levels of 1000.

Broad range for the stock in the coming week can be 860 – 880 on lower side to 960 – 980 on upper side.

Colgate Palmolive Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for Colgate Palmoilve for the week (August 24, 2015 – August 28, 2015):

 

COLGATE PALMOLIVE:

 

COLPAL

 

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

The stock is moving in the consolidation range of 1960 to 2000 since last 6 days. On 20/08/2015 the stock attempted to move out of this range but could not sustain above the breakout range. If the stock manages to close above the levels of 2000 the stock can move to the levels of 2050 to 2080 where trend-line joining earlier high is positioned.

The stock has formed a Inverted Hammer pattern on weekly charts in downtrend indicating the exhaustion of selling pressure in the stock. If the stock manages to close above the levels of 2035 the stock can move to the levels of 2080.

The stock has the strong support zone in the zone of 1950 to 1960 where 200 Daily SMA and long term trend-line are positioned,

Resistance for the stock lies in the zone of 2010 to 2020 where short term and medium term moving averages are positioned.

Broad range for the stock is seen between 1940 to 1960 on lower end and 2030 to 2050 on upper end.

Dabur Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for DABUR for the week (August 24, 2015 – August 28, 2015):

 

DABUR:

 

DABUR

 

Dabur closed the week on positive note gaining around 1%.

As we have mentioned last week that the stock has formed a Bullish Harami pattern on daily charts indicating the trend reversal. If the stock manages to close above the levels of 298 the stock can move to the levels of 310 and the stock hit a high of 309 and retraced to the levels of 298.

The stock has formed an Inverted hammer pattern on weekly charts in downtrend indicating the exhaustion of selling pressure in the stock.

Support for the stock lies in the zone of 280 to 285 where 50 Daily EMA and trend-line support are positioned.

Resistance for the stock lies in the zone of 300 to 305 levels where short term moving averages are positioned above which the stock can move to the levels of 315.

Broad range for the stock is seen between 280 to 285 on lower end and 315 to 320 on upper end.

Hindustan Unilever Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for Hindustan Unilever for the week (August 24, 2015 – August 28, 2015):

 

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

Hindustan Unilever (NSE: HINDUNILVR) closed the week on positive note gaining around 1.5%.

As we have mentioned last week that the stock is forming Doji pattern on Daily charts in downtrend indicating the exhaustion of selling pressure. The stock is taking support around the levels of 863 where 200 Daily SMA is lying.

On 21/08/2015, the stock broke out of the consolidation range of 860 on downside to 880 on upside and close above the breakout range of 880.

If the stock manages to move above the levels of 900 the stock can move to the levels of 920 where downward sloping trend-line for the stock is lying.

Support for the stock lies in the range of 840 to 860 where 200 Daily SMA, 50 Weekly SMA and trend-line support are positioned.

Resistance for the stock lies in the range of 890 to 900 where 50 Daily SMA are lying.

Broad range for the stock in coming week is seen between 850 to 860 on downside and 910 to 930 on upside.

ITC Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for ITC for the week (August 24, 2015 – August 28, 2015):

 

ITC:

 

ITC

 

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

As seen from the charts the stock has formed a Inverse Head & Shoulder pattern on daily charts. The neckline for the same lies around the levels of 332. If the stock manages to close above the levels of 332 and according to the Inverse Head & Shoulder pattern the targets for the breakout can be in the range of 370.

Support for the stock lies in the zone of 315 to 320 where short term moving averages and long term trend-line support for the stock lies.

Resistance for the stock lies in the zone of 335 to 340 where 200 and 500 Daily SMA are lying. If the stock manages to close above this levels the stock can move to the levels of 370.

Broad range for the stock in coming week is seen between 310 to 315 on downside and 345 to 350 on upside.

Wipro Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for Wipro for the week (August 24, 2015 – August 28, 2015):

 

WIPRO:

 

WIPRO

 

Wipro closed the week on absolutely flat note.

The stock has been moving in the range of 555 on downside where 500 Daily SMA is positioned and 580 on upside where 200 Daily SMA is positioned. A breakout on either side can take the stock further 5% to 6% in that direction.

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

Support for the stock lies in the zone 550 to 560 where 500 Daily SMA, 100 Weekly SMA and channel support are positioned.

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

Broad range for the stock in the coming week is seen between 540 to 550 on downside to 600 to 620 on upside.

HCL Tech Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for HCL Tech for the week (August 24, 2015 – August 28, 2015):

 

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Technologies (NSE: HCLTECH) closed the week on negative note losing 1%.

As we have mentioned last week that the stock has formed a Bullish Harami pattern on daily charts and if the stock manages to close above the levels of 984 the stock can move to the levels of 1000 and 1020 where trend-line joining high is positioned and the stock hit a high of 997.7 during the week and retraced to the levels of 965.

The stock has formed a Bullish engulfing pattern on monthly charts. If the stock manages to close above the levels of 1005 the stock can move to the levels of 1040.

The stock has taken support around the levels of 940 where 100 Daily SMA is positioned. If the stock breaks below the levels of 940 the stock can move to the levels of 900 where 200 Daily SMA is positioned.

Support for the stock lies in the range of 900 to 910 where 200 Daily SMA is lying.

Resistance for the stock lies in the range of 980 to 1000 where upwards moving trend-line is positioned.

Broad range for the stock in the coming week is seen between 900 to 910 on downside to 980 to 1000 on upside.

TCS Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for TCS for the week (August 24, 2015 – August 28, 2015):

 

TATA CONSULTANCY SERVICES:

 

TCS

 

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

As we have mentioned last week that above the levels of 2720 the stock can move to the levels of 2750 to 2800 where upward moving channel and the trend-line joining the highs are positioned. The stock hit a high of 2753 during the week and retraced to the levels of 2676.

Support for the stock lies in the zone of 2600 to 2650 from where the stock broke out and also medium term moving averages are positioned.

Resistance for the stock lies in the zone of 2750 to 2800 where upward moving channel and the trend-line joining highs are positioned.

Broad range for the stock in the coming week is seen between 2550 to 2600 on downside to 2750 to 2800 on upside.

Infosys Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for Infosys for the week (August 24, 2015 – August 28, 2015):

 

INFOSYS:

 

INFY

 

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

As we have mentioned last week that the support for the stock lies in the range of 1100 to 1120 from where the stock has broken out and also short term moving averages are positioned around the levels of 1100, the stock hit a low of 1117 during the week and bounce back to the levels of 1150.

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

If the stock breaks below the levels of 1100 to 1120 on closing basis then the stock can move to the levels of 1055 to 1070 where medium term moving averages are positioned.

Resistance for the stock lies in the zone of 1175 to 1200 levels above which the stock can move to the levels of 1250.

Broad range for the stock in the coming week is seen between 1060 to 1080 on downside to 1200 to 1220 on upside.

SBI Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for SBI for the week (August 24, 2015 – August 28, 2015):

 

STATE BANK OF INDIA:

 

SBIN

 

SBIN closed the week on absolutely flat note.

As we have mentioned last week that the stock has formed a Morning star pattern on daily chart. If the stock manages to close above the levels of 270, where 100 Daily SMA is lying, the stock can move to the levels of 285 and the stock hit a high of 288 and corrected to the levels of 256 and close the week around the levels of 267.5.

The stock has formed a Bullish Harami pattern on monthly charts in downtrend indicating the trend reversal.

The stock is consolidating in the range of 250 to 255 on lower end to 275 to 280 on upper end since last 1 month.

Support for the stock lies in the range of 250 to 255 where trend-line are positioned.

Resistance for the stock lies in the range of 280 to 290 where long 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 285 – 290 on upper side.

Axis Bank Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for Axis Bank for the week (August 24, 2015 – August 28, 2015):

 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 8%.

The stock has broke below all the major support zone and it seems the stock can move to sub 500 levels.

Support for the stock lies in the zone of 500 to 510 from where the stock has managed to bounce back on previous occasions.

Resistance for the stock lies in the zone of 540 to 550 where short term moving averages and 200 Daily SMA are positioned.

Broad range for the stock in the coming week can be 490 – 500 on lower side to 550 – 560 on upper side.

ICICI Bank Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for ICICI Bank for the week (August 24, 2015 – August 28, 2015):

 

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on negative note losing around 2%.

As we have mentioned last week that the stock has a strong support in the range of 285 to 290 and the stock hit a low of 288.6 and bounce to the levels of 296.5.

The stock has been moving in the range of 280 on downside to 320 on upside since the month of June – 2015. If the stock breaks below the levels of 280 on closing basis then the stock can move to the levels of 250 to 260.

Support for the stock lies in the range of 285 to 290 where long term trend-line is positioned.

Resistance for the stock lies in the range of 305 to 310 where short term & 100 Daily SMA are positioned.

Broad range for the stock in the coming week can be 280 – 285 on lower side to 310 – 315 on upper side.

HDFC Bank Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for HDFC Bank for the week (August 24, 2015 – August 28, 2015):

 

HDFC BANK:

 

HDFCBANK

 

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

As we have mentioned last week that if the stock breaks below the levels of 1080 the stock can drift to the levels of 1065 and the stock hit a low of 1051 during the week and close the week around the levels of 1061.

The stock is approaching towards the support zone of 1040 to 1050 where trend-line support and 100 Daily SMA are positioned. If the stock breaks below the support zone the stock can move to the levels of 1020 where 200 Daily SMA is positioned.

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

Broad range for the stock in the coming week can be 1030 – 1040 on lower side to 1080 – 1100 on upper side.

CNX Energy Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for CNX Energy for the week (August 24, 2015 – August 28, 2015):

 

CNX ENERGY:

 

CNXENERGY

 

CNX ENERGY index closed the week on negative note losing around 5%.

On 20/08/2015, the index broke below the 1000 Daily SMA and 200 Weekly SMA, and close the week virtually at the lowest point.

The index has taken support around the levels of 7900 where 500 Weekly SMA is lying. If in the coming week if the index manages to hold this level we can expect the index to bounce to the levels of 8150 to 8200 from where the index broke down.

Support for the index lies in the zone of 7850 to 7900 where 500 Weekly SMA is positioned.

Resistance for the index is lying in the zone of 8100 to 8200 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Broad range for the index is seen between 7800 to 7850 on downside to 8100 to 8150 on upside.

CNX Auto Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for CNX Auto for the week (August 24, 2015 – August 28, 2015):

 

CNX AUTO:

 

CNXAUTO

 

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

During the first half of the week the index manage to hold the downward sloping trend-line from where the index has broken out but on 21/08/2015 the index could not hold the trend-line and close below it.

If the index broke below the levels of 8300 the index can move to the levels of 8000 where support for the index is lying.

Support for the index lies in the zone of 8250 to 8300 where trend-line support is positioned.

Resistance for the index lies in the zone of 8500 to 8550, where downward sloping trend-line is positioned above which the index can move to the levels of 8800.

Broad range for the index is seen from 8100 to 8200 on downside to 8600 to 8700 on upside.

CNX Pharma Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for CNX Pharma for the week (August 24, 2015 – August 28, 2015):

 

CNX PHARMA:

 

CNXPHARMA

 

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

As seen from the chart the index has been facing the resistance around the rising channel pattern in which the index is moving since the month of June – 2015.

The index has formed the bearish pattern on daily charts on 20/08/2015 and 21/08/2015 around the upper end of the channel pattern.

So next week we can expect the index to consolidate or correct. If the index manages to close above the levels of 13750 the index can move to the levels of 14000.

If the index broke below the levels of 13100 the index can move to the levels of 12500 where the lower end of the upper moving channel is positioned.

Support for the index lies in the zone of 12500 to 12700 where short term moving averages and 100 Daily SMA are lying.

Resistance for the index lies in the zone of 13750 where trend-line resistance is positioned.

Broad range for the index is seen from 12700 to 13000 on downside to 13800 to 14100 on upside.

CNX FMCG Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for CNX FMCG for the week (August 24, 2015 – August 28, 2015):

 

CNX FMCG:

 

CNXFMCG

 

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

On 20/08/2015 the index broke out of the consolidation range of 20000 to 20500 and close the week around the levels of 20700.

Above the levels of 20850 the index can move to the levels of 21300 where upward moving trend-line for the index is positioned.

Support for the index lies in the zone of 20200 to 20500 where 100 and 200 Daily SMA are positioned.

Resistance for the index lies in the zone of 20900, above which the index can move to the levels of 21300.

Broad range for the index in the coming week is seen from 20200 on downside to 21300 on upside.

CNX IT Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for CNX IT for the week (August 24, 2015 – August 28, 2015):

 

CNX IT:

 

CNXIT

 

CNX IT index closed the week on negative note losing around 0.50%.

As we have mentioned last week that if the index manages to close above the levels of 11800 the index can move to the levels of 12800 to 13000 in 1 to 2 months time frame and the index has hit a high of 12300 during the week.

As we have mentioned last week that the support for the index lies around the zone of 11600 to 11800 from where the index has broken out and also the long term moving averages are positioned and the index hit a low of 11825 and bounce back to close above the levels of 12000.

On daily charts the index has formed a Doji pattern in downtrend indicating the exhaustion of selling pressure. On weekly charts the index has formed a Doji pattern in an uptrend indicating the indecision among the traders about the further direction of the index.

So coming week if the index manages to close above the levels of 12300 the index can move to the levels of 12600 and if the index manages to close below the levels of 11800 the index can move to the levels of 11500.

Broad range for the index in the coming week is seen from 11600 on downside to 12400 on upside.

Bank Nifty Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (August 24, 2015 – August 28, 2015):

 

BANK NIFTY:

 

BANKNIFTY

 

Bank Nifty ended the week on negative note losing more than 3.50%.

On 21/08/2015, the index broke below the levels of 18000 but manages to close above the levels of 18000.

As seen from the chart the index is holding the downward moving channel support around the levels of 17900. Below the levels of 17800 the index can drift to the levels of 17300.

Next week will be the expiry week and the index will be moving according to the options position.

17500 & 18000 Put options have close to 4.00 to 6.00 lacs shares outstanding. So we think the index will hold the levels of 17800 till expiry.

18500 & 19000 Call options have close to 5.00 to 10.00 lacs shares outstanding. So we think the index will face stiff resistance around the levels of 18300 to 18500.

Technically the index is trading below short term and long term moving averages.

Range for the week is seen from 17500 to 17800 on downside to 18300 to 18500 on upside.

Nifty Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for Nifty for week (August 24, 2015 – August 28, 2015):

 

NIFTY:

 

NSE Nifty

 

CNX Nifty ended the week on negative note losing around 3%.

As we have mentioned last week that if the index closes below the levels of 8300 the index can drift to the levels of 8300. On 21/08/2015 the index broke below the levels of 8300 and moved to the levels of 8225 but manages to close around the levels of 8300.

As seen from the chart above the index has taken support around the channel support lying around the levels of 8230.

Next week will be the expiry week and the index will be moving according to the options position.

8200 & 8300 Put options have the highest open interest of close to 50.00 lacs shares outstanding. So we think the index can hold the levels of 8250 till expiry.

8400, 8500 & 8600 Call options have the highest open interest of close to 40.00 to 50.00 lacs shares outstanding. So we think the index will face stiff resistance around the levels of 8450.

Technically the index is trading below short term and long term moving averages.

Range of the week is seen from 8150 to 8200 on downside to 8400 to 8450 on upside.

Advice for – Friday, August 21, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that market would see some profit booking at this point of time. EquityPandit also predicted that Indian Stock Market would see a sharp breakout or breakdown today and if market breaches 8420 levels for Nifty then a sharp downfall is intact and exactly same happened. Indian Stock Market saw a sharp breakdown from the consolidation after breaching levels of 8420 and traders who followed EquityPandit’s advice to go short below those levels, might have earned huge profits for the day. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open gap negative with 50-100 points for Nifty. Indian Stock Market has entered into negative zone and traders should go short at every positive movement in the market. Today, a big downfall can be seen in the market. All indices including Nifty, BankNifty and Sensex are forming a descending triangle pattern (bearish pattern) that would be confirmed once Nifty breaches levels of 8315 levels on closing basis. If this happens than Indian Stock Market would see a sharp breakdown and a sharp fall would be seen that may take market near to 8100 levels for Nifty and 17000 levels for BankNifty. Now Some positive news from government can only save market from a big downfall. Traders should consider 8320-8315 levels as important levels below which market would see a further sharp breakdown. ICICI Bank is holding 300 levels for now as continuous buying is seen at lower levels in this stock and once it closes below 295 levels, a sharp downfall in BankNifty is intact. FIIs were net sellers of Rs.1007.26 crores whereas DIIs were net buyers of Rs.567.87 crores in last trading session. Nifty would see strong support at 8315-8286-8226-8180 whereas strong resistance would be seen at 8433-8450-8505 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: (8372) The support for the Nifty is 8315-8286-8226-8180 and the resistance to the up move is at 8433-8450-8505 levels.

NSE BankNifty: (18283) The support for BankNifty is at 18034-17930-17800-17600 and the resistance to the up move is at 18450-18500-18720 levels.

BSE Sensex: (27607) The support for the Sensex is at 27475-27400-27350-27200-27000 and the resistance to the up move is at 27720-27800-27885-27970 levels.

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Advice for – Thursday, August 20, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with 2 points positive for Nifty. EquityPandit predicted that market is in positive zone but Yuan fears may force Indian Stock Market to see some profit booking and exacty same happened. Nifty opened flat and saw strong resistance exactly near EquityPandit’s predicted resistance levels of 8530 levels. Nifty fell down sharply from there and saw lows right near EquityPandit’s predicted support levels of 8430. BankNifty and Sensex consolidated between EquityPandit’s predicted support and resistance levels for the day. Finally, Indian Stock Market closed marginally positive for the day whereas BankNifty closed negative for the day.

Today: Indian Stock Market would open negative. Indian Stock Market is still in positive zone but profit booking can’t be ruled out. Now market is looking for a breakout or a breakdown from the current range after a long consolidation. Breaching levels of 8530 for Nifty would force market to see a sharp breakout wheras breaching levels of 8420 for Nifty would force market to see a sharp breakdown on intraday basis. Traders should wait for the range to be breach before taking further trading actions. FIIs were net sellers of Rs.423.72 crores whereas DIIs were net buyers of Rs.383.32 crores in last trading session. Nifty would see strong support at 8430-8380-8335 whereas strong resistance would be seen at 8530-8561-8616-8655 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: (8495) The support for the Nifty is 8430-8380-8335-8286 and the resistance to the up move is at 8531-8561-8616-8655 levels.

NSE BankNifty: (18703) The support for BankNifty is at 18580-18449-18300 and the resistance to the up move is at 18940-19067-19230 levels.

BSE Sensex: (27932) The support for the Sensex is at 27735-27640-27475 and the resistance to the up move is at 28100-28162-28265-28550 levels.

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Advice for – Wednesday, August 19, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive. EquityPandit predicted that Indian Stock Market and especially BankNifty would hold the levels in expectations of RBI rate cut. EquityPandit also predicted that every dip in the market is buying opportunity and exactly same happened. Indian Stock Market crashed but again recovered sharply giving traders an opportunity to go long on dips as per EquityPandit’s suggestions. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Nifty saw strong resistance exactly near EquityPandit’s predicted resistance levels of 8531 and fell down from there to close just above EquityPandit’s predicted support levels of 8450. Sensex and BankNifty also saw strong support near EquityPandit’s predicted support levels of 27735 and 18580 respectively. Finally, Indian Stock Market closed flat with negative bias, for the day.

Today: Indian Stock Market would open flat. Indian Stock Market is still in positive zone but Yuan fears may force Indian Stock Market to see some profit booking. Indian Markets are holding key support levels just in expectation of key rate cut. Market will fall down sharply if no rate cut is seen in upcoming days. Traders should note that Medium-term trend of BankNifty is negative and this can be an alarming situation but for now it is in positive region and traders should not short at this point of time. FIIs were net sellers of Rs.255.42 crores whereas DIIs were net buyers of Rs.127.5 crores in last trading session. Nifty would see strong support at 8430-8380-8335 whereas strong resistance would be seen at 8530-8561-8616-8655 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: (8467) The support for the Nifty is 8430-8380-8335-8286 and the resistance to the up move is at 8531-8561-8616-8655 levels.

NSE BankNifty: (18781) The support for BankNifty is at 18580-18449-18300 and the resistance to the up move is at 18940-19067-19230 levels.

BSE Sensex: (27831) The support for the Sensex is at 27735-27640-27475 and the resistance to the up move is at 28100-28162-28265-28550 levels.

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Advice for – Tuesday, August 18, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat. EquityPandit predicted that market has entered into positive zone and would consolidate or hold in the current region for now. EquityPandit also suggested traders to go long in BankNifty at every dip in the market to earn good profits and exactly same happened. Nifty consolidated in a rangebound region as predicted by EquityPandit. BankNifty fell down sharply after opening giving the opportunity to traders to go long as suggested by EquityPandit. BankNifty remained strong and bounced from day lows to see intraday highs. Traders who followed EquityPandit’s suggestion to go long might have earned huge profits for the day. Sensex and BankNifty saw lows right near EquityPandit’s predicted support levels of 27735 and 18590, respectively. BankNifty closed right below EquityPandit’s predicted resistance levels of 18830 for the day. Finally, Nifty and Sensex closed in negative region with BankNifty showing some positive signs.

Today: Indian Stock Market would open positive. Indian Stock Market is in positive zone. Indian Stock Market and especially BankNifty is holding current levels in expectation of RBI cutting the key rates in upcoming days. If rate cut is seen by RBI, then sharp positive movement would be seen in BankNifty. Traders are suggested to go long in BankNifty at every dip in the market for now. Market will fall down sharply if no rate cut is seen in upcoming days. Traders should note that Medium-term trend of BankNifty is negative and this can be an alarming situation but for now it would continue to move positive. FIIs were net buyers of Rs.142.34 crores whereas DIIs were net buyers of Rs.183.72 crores in last trading session. Nifty would see strong support at 8450-8380-8335 whereas strong resistance would be seen at 8530-8561-8616-8655 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: (8477) The support for the Nifty is 8450-8380-8335 and the resistance to the up move is at 8531-8561-8616-8655 levels.

NSE BankNifty: (18822) The support for BankNifty is at 18580-18449-18300 and the resistance to the up move is at 18940-19067-19230 levels.

BSE Sensex: (27878) The support for the Sensex is at 27735-27640-27475 and the resistance to the up move is at 28100-28162-28265-28550 levels.

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Advice for – Monday, August 17, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive. EquityPandit predicted that lower than expected Inflation numbers and higher than expected IIP data would take market positive where BankNifty would again enter into positive zone and traders should go long in BankNifty once it breaches levels of 18540 and exactly same happened. Indian Stock Market moved sharply positive on hopes of rate cut in next couple of days. BankNifty saw a sharp positive movement once it breached levels of 18540 and hence traders who followed EquityPandit’s advice to go long in Bank Nifty might have earned huge profits for the day.

Today: Indian Stock Market would open flat. Indian Stock Market has entered into positive zone. Some expectation of rate cut may hold the market for some time and the chances are in favor of that. If rate cut is seen by RBI, then sharp positive movement would be seen in BankNifty. Some Profit booking might be seen today but traders are suggested to go long in BankNifty at every dip in the market. FIIs were net buyers of Rs.403.76 crores whereas DIIs were net buyers of Rs.179.20 crores in last trading session. Nifty would see strong support at 8497-8450-8380 whereas strong resistance would be seen at 8561-8616-8655-8700 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: (8519) The support for the Nifty is 8497-8450-8380 and the resistance to the up move is at 8561-8616-8655-8700 levels.

NSE BankNifty: (18724) The support for BankNifty is at 18590-18449-18300 and the resistance to the up move is at 18830-18940-19067 levels.

BSE Sensex: (28067) The support for the Sensex is at 27895-27735-27640 and the resistance to the up move is at 28162-28265-28550 levels.

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Colgate Palmolive Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for Colgate Palmoilve for the week (August 17, 2015 – August 21, 2015):

 

COLGATE PALMOLIVE:

 

COLPAL

 

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

As we have mentioned last week that the stock has formed a Shooting Star pattern on daily chart in an uptrend indicating the trend reversal. The stock has to close above the levels of 2056 to negate this pattern and the stock was not able to close above 2056 and sold off to the levels of 1975.

The stock has formed a Bearish engulfing pattern on weekly charts indicating the trend reversal in an uptrend. The stock has to close above the levels of 2056 to negate this pattern.

The stock is approaching towards the strong support zone of 1950 to 1960 where 200 Daily SMA and long term trend-line are positioned,

Resistance for the stock lies in the zone of 2010 to 2020 where short term and medium term moving averages are positioned.

Broad range for the stock is seen between 1940 to 1960 on lower end and 2030 to 2050 on upper end.

Dabur Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for DABUR for the week (August 17, 2015 – August 21, 2015):

 

DABUR:

 

DABUR

 

Dabur closed the week on negative note losing around 5%.

As we have mentioned last week that the stock has been forming the Doji pattern on Daily chart since last 2 days. If the stock closes above the levels of 316 the stock can move to the levels of 325 to 330 but the stock manages to hit a high of 314 during the week and sold off to the levels of 290.

The stock has formed a Bullish Harami pattern on daily charts indicating the trend reversal. If the stock manages to close above the levels of 298 the stock can move to the levels of 310.

The stock has formed a Bearish Engulfing pattern on weekly charts indicating the trend reversal. The stock has to close above the levels of 315 to negate this pattern.

Support for the stock lies in the zone of 275 to 285 where 50 Daily EMA, 100 Daily SMA and trend-line support are positioned.

Resistance for the stock lies in the zone of 295 to 300 levels where short term moving averages are positioned above which the stock can move to the levels of 315.

Broad range for the stock is seen between 275 to 285 on lower end and 310 to 320 on upper end.

Hindustan Unilever Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for Hindustan Unilever for the week (August 17, 2015 – August 21, 2015):

 

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

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

As we have mentioned last week that the stock has formed a Bearish pattern on weekly charts. The stock has to sustain above the levels of 925 to negate this pattern, but the stock made a high of 909 during the week and sold off to the levels of 850 and close the week around the levels of 870.

On daily charts the stock has made a Doji pattern in downtrend indicating the exhaustion of selling pressure. The stock is taking support around the levels of 863 where 200 Daily SMA is lying. On weekly charts the stock is having the major support around the levels of 840 where 50 Weekly SMA is lying.

Support for the stock lies in the range of 840 to 860 where 200 Daily SMA, 50 Weekly SMA and trend-line support are positioned.

Resistance for the stock lies in the range of 890 to 900 where 50 Daily SMA and 100 Daily SMA are lying.

Broad range for the stock in coming week is seen between 830 to 850 on downside and 910 to 930 on upside.

ITC Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for ITC for the week (August 17, 2015 – August 21, 2015):

 

ITC:

 

ITC

 

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

As we have mentioned last week that the stock has formed a Shooting Star pattern on weekly charts in uptrend indicating the trend reversal. The stock has to close above the levels of 333.5 to negate this pattern but the stock hit a high of 327.5 and sold off to the levels of 303 before closing the week around the levels of 318.

The stock has formed a Evening star pattern on weekly charts indicating the trend reversal in an uptrend. The stock has to sustain and close above the levels of 327 to negate this pattern.

Support for the stock lies in the zone of 305 to 310 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 325 to 330 where 100 Daily SMA is lying.

Broad range for the stock in coming week is seen between 300 to 310 on downside and 330 to 340 on upside.

Cipla Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for Cipla for the week (August 17, 2015 – August 21, 2015):

 

CIPLA:

 

CIPLA

 

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

As we have mentioned last week that the stock is trading around the strong resistance zone of 720 where trend-line joining highs and lower end of upward moving channel are positioned. If the stock manages to close above the levels of 720 the stock can move to the levels of 750 and the stock hit a high of 742 during the week.

The stock is approaching towards the strong resistance zone of 750 to 755 where earlier highs of the stock is lying. If the stock manages to close above the levels of 755 the stock can move to the levels of 770.

Support for the stock lies in the zone of 710 to 720 where short term moving averages and trend-line support are lying.

Resistance for the stock lies in the zone of 750 to 760.

Broad range for the stock is seen in the range of 700 – 710 on downside to 750 – 760 on upside.

Dr. Reddy Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (August 17, 2015 – August 21, 2015):

 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on absolutely flat note.

As we have mentioned last week that if the stock manages to close above the levels of 4326 the stock can move to the levels of 4500, but the stock could not close above this level and sold off to the levels of 4250 during the week.

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

For the coming week if the stock manages to close above the levels of 4336 the stock can move to the levels of 4500.

During the week the stock is seen consolidating in the range of 4180 on downside to 4336 on upside. A break on either side will decide the further direction of the stock.

Support for the stock lies in the zone of 4150 from where the stock has broken out of the channel.

Broad range for the stock is seen from 4100 – 4150 on downside to 4400 – 4450 on upside.

Lupin Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for Lupin for the week (August 17, 2015 – August 21, 2015):

 

LUPIN:

 

LUPIN

 

Lupin closed the week on positive note gaining around 6%.

As we have mentioned last week that the stock has formed a Hanging Man Pattern on Weekly charts in uptrend indicating the trend reversal. The stock has to close above the levels of 1717 to negate this pattern and the stock manages to close the week strongly in bulls favor above the levels of 1717.

The stock is approaching towards the strong resistance zone of 1800 where 100 Daily SMA is positioned.

The stock has formed a Bearish engulfing pattern on monthly charts indicates that every bounce will be sold off.

Support for the stock lies in the zone of 1750 to 1770 where short term moving averages and 50 Daily EMA are positioned below which the stock can drift to the levels of 1710.

Resistance for the stock lies in the zone of 1800 to 1850 where 100 Daily SMA and upward moving trend-line are positioned.

Broad range for the stock is seen from 1700 – 1720 on downside to 1850 – 1870 on upside.

Sun Pharma Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for Sun Pharma for the week (August 17, 2015 – August 21, 2015):

 

SUN PHARMA:

 

SUNPHARMA

 

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

As we have mentioned last week that if the stock manages to close above the levels of 860 the stock can move to the levels of 900 and the stock hit a high of 913 during the week.

The stock is approaching towards the strong resistance zone of 910 to 920 where 100 Daily SMA and 200 Daily SMA are positioned.

Above the levels of 920 the stock can move to the levels of 950 from where the stock broke down on back of bad news.

Support for the stock is seen in the zone of 860 to 870 from where the stock has broken out and also short term moving averages are positioned.

Broad range for the stock in the coming week can be 840 – 860 on lower side to 920 – 940 on upper side.

Wipro Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for Wipro for the week (August 17, 2015 – August 21, 2015):

 

WIPRO:

 

WIPRO

 

Wipro closed the week on positive note gaining around 1%.

The stock has been moving in the range of 555 on downside where 500 Daily SMA is positioned and 580 on upside where 200 Daily SMA is positioned. A breakout on either side can take the stock further 5% to 6% in that direction.

Above the levels of 582 the stock can move to the levels of 610 where upward moving channel is lying.

The stock has formed a Bullish Harami pattern on daily charts indicating the bullish tone in the stock.

Support for the stock lies in the zone 550 to 560 where 500 Daily SMA, 100 Weekly SMA and channel support are positioned.

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

Broad range for the stock in the coming week is seen between 540 to 550 on downside to 580 to 600 on upside.

HCL Tech Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for HCL Tech for the week (August 17, 2015 – August 21, 2015):

 

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Technologies (NSE: HCLTECH) closed the week on positive note gaining around 3.5%.

On daily charts the stock has formed a Bullish Harami pattern and if the stock manages to close above the levels of 984 the stock can move to the levels of 1000 and 1020 where trend-line joining high is positioned.

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

The stock has formed a Bullish engulfing pattern on monthly charts. If the stock manages to close above the levels of 1005 the stock can move to the levels of 1040.

Support for the stock lies in the range of 950 to 960 where short term moving averages and 100 Daily SMA is lying.

Broad range for the stock in the coming week is seen between 930 to 940 on downside to 1020 to 1040 on upside.

TCS Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for TCS for the week (August 17, 2015 – August 21, 2015):

 

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on positive note gaining around 6%.

The stock has broken out of the consolidation phase ranging from 2450 to 2650 and has hit a high of 2720 levels.

Above the levels of 2720 the stock can move to the levels of 2750 to 2800 where upward moving channel and the trend-line joining the highs are positioned.

The targets for the break-out also lies in the range of 2800 to 2850.

Support for the stock lies in the zone of 2600 to 2650 from where the stock broke out.

Resistance for the stock lies in the zone of 2800 to 2850.

Broad range for the stock in the coming week is seen between 2600 to 2650 on downside to 2800 to 2850 on upside.

Infosys Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for Infosys for the week (August 17, 2015 – August 21, 2015):

 

INFOSYS:

 

INFY

 

INFOSYS  (NSE: INFY) closed the week on positive note gaining around 5%.

As we have mentioned last week that if the stock manages to close above the levels of 1080, the stock can move to the levels of 1120 and the stock hit a high of 1175 before closing the week around the levels of 1149.

The stock has formed a Bearish engulfing pattern on daily charts indicating the pause in the uptrend.

Support for the stock lies in the range of 1100 to 1120 from where the stock has broken out and also short term moving averages are positioned around the levels of 1100.

Resistance for the stock lies in the zone of 1175 to 1200 levels above which the stock can move to the levels of 1250

Broad range for the stock in the coming week is seen between 1080 to 1120 on downside to 1200 to 1220 on upside.

SBI Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for SBI for the week (August 17, 2015 – August 21, 2015):

 

STATE BANK OF INDIA:

 

SBIN

 

State Bank Of India (NSE: SBIN)  closed the week on negative note losing around 5%.

As we have mentioned last week that the stock is consolidating in the range of 250 to 255 on lower end to 275 to 280 on upper end since last 1 month and if the stock manages to close above the levels of 275 to 280 the stock can move to the levels of 300 and the stock hit a high of 290 during the week and retraced back to the levels of 255.

The stock has formed a Bullish Harami pattern on monthly charts in downtrend indicating the trend reversal.

The stock has formed a Morning star pattern on daily chart. If the stock manages to close above the levels of 270, where 100 Daily SMA is lying, the stock can move to the levels of 285.

Support for the stock lies in the range of 250 to 255 where trend-line are positioned.

Resistance for the stock lies in the range of 280 to 290 where long 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 285 – 290 on upper side.

Axis Bank Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for Axis Bank for the week (August 17, 2015 – August 21, 2015):

 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 2%.

As we have mentioned last week that the stock is facing significant resistance in the zone of 590 where trend-line for the stock is lying and the stock hit a high of 585 and corrected to the levels of 555 before closing the week around the levels of 570.

The stock is facing stiff resistance around the zone of 590. if the stock manages to close above the levels of 590 the stock can move to the levels of 610.

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 the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for ICICI Bank for the week (August 17, 2015 – August 21, 2015):

 

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on negative note losing around 2.5%.

As we have mentioned last week that the stock is facing stiff resistance around the levels of 315 to 320 and stock hit a high of 314 and corrected to the levels of 290 before closing the week around the levels of 302.

The stock has formed a triple top around the zone of 320. The stock has to sustain above the levels of 320 for couple of days to move forward towards the levels of 330 where 200 Daily SMA is positioned.

Support for the stock lies in the range of 285 to 290 where long term trend-line is positioned.

Resistance for the stock lies in the range of 320 to 325 where the stock has formed a triple top formation on charts.

Broad range for the stock in the coming week can be 285 – 290 on lower side to 315 – 320 on upper side.

HDFC Bank Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for HDFC Bank for the week (August 17, 2015 – August 21, 2015):

 

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on positive note gaining around 1%.

As we have mentioned last week that if the stock breaks below the levels of 1080 the stock can drift to the levels of 1065 where 50 Daily EMA is positioned and the stock hit a low of 1066 during the week and close the week around the levels of 1102.

Since last 3 weeks the stock has been consolidating in this range indicating the indecision among the traders about the further direction of the stock.

So coming week if the stock manages to close above the levels of 1120 the stock can move to the levels of 1140 to 1150 where upper end of the channel is positioned.

Support for the stock lies in the range of 1080 to 1090 where short term moving averages are positioned.

Broad range for the stock in the coming week can be 1070 – 1090 on lower side to 1120 – 1140 on upper side.

CNX Energy Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for CNX Energy for the week (August 17, 2015 – August 21, 2015):

CNX ENERGY:

 

CNXENERGY

 

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

As we have mentioned last week that the support for the index lies in the zone of 8600 below which the index can drift to the levels of around 8100 where 1000 Daily SMA is lying and the index hit a low of 8227 and closed the week at around the levels of 8418.

The index has formed a Morning star pattern on daily charts in an downtrend indicating the trend reversal.

The index has formed a Shooting Star pattern on monthly charts in an uptrend indicating the trend reversal. The index has to close above the levels of 9000 to negate bearish pattern on monthly charts.

Support for the index lies in the zone of 8100 to 8200 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the index lies in the zone of 8500 to 8600 where downward sloping trend-line and 100 & 500 Daily SMA are positioned.

Broad range for the index is seen between 8100 to 8200 on downside to 8600 to 8650 on upside.

CNX Auto Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for CNX Auto for the week (August 17, 2015 – August 21, 2015):

 

CNX AUTO:

 

CNXAUTO

 

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

As we have mentioned last week that the index has formed a Shooting star pattern on daily charts on 07/08/2015 indicating the trend reversal in an uptrend and the index corrected to the levels of 8400 before closing the week on 8618 levels.

The index has formed a Morning star pattern on daily charts in downtrend indicating the trend reversal. The index managed to close above the downward sloping trend-line from where the index had broken out last week.

Support for the index lies in the zone of 8400 to 8500 from where the index has broken out, short term moving averages and long term moving averages are positioned around this levels.

Resistance for the index lies in the zone of 8800 to 8850 above which the index can move to the levels of 9000.

Broad range for the index is seen from 8400 to 8500 on downside to 8900 to 9000 on upside.

CNX Pharma Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for CNX Pharma for the week (August 17, 2015 – August 21, 2015):

 

CNX PHARMA:

 

CNXPHARMA

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

As we have mentioned last week that if the index move above the levels of 12800 the index can move to the levels of 13200 and the index hit a high of 13238 and retraced back to the levels of 13137.

The index has formed a Shooting star pattern on monthly charts in an uptrend. The index has to sustain above the levels of 13200 on closing basis on monthly charts to negate this pattern.

Support for the index lies in the zone of 12500 to 12800 from where the index broke out and short term moving averages are positioned.

Resistance for the index lies in the zone of 13600 where upward moving trend-line is positioned.

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

 

CNX FMCG Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for CNX FMCG for the week (August 17, 2015 – August 21, 2015):

 

CNX FMCG:

 

CNXFMCG

 

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

As we have mentioned last week that the index has formed a Doji pattern on weekly charts indicating the indecision among the traders about the further direction of the index and the index corrected to the levels of 20180 during the week.

The index has formed a Evening star pattern on weekly charts indicating the trend reversal in an uptrend. The index has to move above the levels of 21000 to negate this pattern.

The index has formed a Doji on daily charts indicating the exhaustion of selling pressure. If the index manages to close above the levels of 20500 the short term downtrend will reverse.

Support for the index lies in the zone of 20000 to 20200 where upward moving trend-line and 100 Daily SMA are positioned.

Resistance for the index lies in the zone of 20400 where 200 Daily SMA is positioned. If the index manages to close above the resistance zone of 20400 the index can move to the levels of 21000.

Broad range for the index in the coming week is seen from 19800 on downside to 20800 on upside.

CNX IT Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for CNX IT for the week (August 17, 2015 – August 21, 2015):

 

CNX IT:

 

CNXIT

 

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

As we have mentioned last week that if the index manages to close above the levels of 11800 the index can move to the levels of 12800 to 13000 in 1 to 2 months time frame and the index has hit a high of 12129 during the week.

As we have mentioned last week that the index has formed a Bullish engulfing pattern on monthly charts. If the index manages to close above the levels of 11800 the index will break-out of the 3 months consolidation, and the index can move to the levels of 12800 within 1 to 2 months time frame.

Support for the index lies around the zone of 11600 to 11800 from where the index has broken out and also the long term moving averages are positioned.

Resistance for the index lies in the zone of 12400 to 12500.

Broad range for the index in the coming week is seen from 11600 on downside to 12400 on upside.

Bank Nifty Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (August 17, 2015 – August 21, 2015):

 

BANK NIFTY:

 

BANKNIFTY

 

Bank Nifty ended the week on negative note losing around 1%.

As we have been mentioning since last 2 weeks that the index is facing significant resistance around the zone of 19100 to 19200 levels where upper end of downward sloping channel is positioned, this week also the index has hit a high of 19070 levels and retraced back to the levels of 18030 before closing the week around the levels of 18730.

As we have mentioned last week that if 18800 on the index is broken the index can drift to the levels of 18650 where short term moving averages are positioned. Around the zone of 18400 – 18500 the index has major support where 100 Daily SMA and 200 Daily SMA are positioned, but the index drifted to the levels of 18000 where upwards moving trend-line was positioned.

Support for the index lies in the zone of 18000 to 18300 where short term and long term moving averages are positioned.

Resistance for the index lies in the zone of 19000 where downward sloping channel is positioned above which the index can move to the levels of 19500.

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

Nifty Outlook for Next Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for Nifty for week (August 17, 2015 – August 21, 2015):

 

NIFTY:

 

NIFTY

 

 

CNX Nifty ended the week on negative note losing around 0.5%.

As we have been mentioning since last 2 weeks that the index is facing stiff resistance in the zone of 8550 to 8600, the index made a high of 8621 and the index sold off to the levels of 8338 during the week before recovering back to the levels of 8520 on 14/08/2015.

Since last 1 month the index has been moving in the range of 8300 on downside to 8650 on upside. If the index breaks below 8300 the index can drift to the levels of 8000 and if the index breaks above the levels of 8650 the index can move to the levels of 8800 to 8900.

If in the coming week, the index manages to close above the levels of 8600 the index can move to the levels of around 8800.

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

Resistance for the index lies in the zone of 8700 to 8750 where upper end of the channel is positioned.

Range of the week is seen from 8400 to 8450 on downside to 8700 to 8750 on upside.

Advice for – Friday, August 14, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive. EquityPandit predicted that since IIP and Inflation numbers were positive and hence some short covering rally can’t be ruled out at this point of time and exactly same happened. Indian Stock Market moved sharply positive and saw highs right near EquityPandit’s predicted resistance levels of 8433 for Nifty. Sensex also saw highs right near EquityPandit’s predicted resistance levels of 27800. GST was not passed as predicted by EquityPandit and hence a sharp intraday fall was seen but finally, Indian Stock Market managed to close positive for the day.

Today: Indian Stock Market would open positive. Indian Stock Market is in negative trend but expectations of RBI cutting the key rates due to lower than expected Inflation numbers and higher than expected IIP data, would take market positive. BankNifty would again enter into positive trend once it closes above 18540 levels. For now market is in negative region and traders should wait for these levels to breach before entering going long into the market. FIIs were net sellers of Rs.625.90 crores whereas DIIs were net buyers of Rs.545.86 crores in last trading session. Nifty would see strong support at 8320-8286-8226-8195 whereas strong resistance would be seen at 8380-8433-8450-8505 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: AMARARAJA, AMTEKAUTO, BEML, BPCL, BHUSHANSTEL, BIRLACORP, CIPLA, HINDALCO, IVRCL, JETAIR, JINDALSAW, KSKENERGY, MTNL, MANAPPURAM, PIPAVAVDEFENCE, PFC, PUNJLLOYD, PURAVANKARA, RELCAPITAL, RCOM, ROLTA, SAIL, TRIVENITURBINE, VAKRANGEE and VIDEOCON.

NSE Nifty: (8356) The support for the Nifty is 8320-8286-8226-8195 and the resistance to the up move is at 8380-8433-8450-8505 levels.

NSE BankNifty: (18175) The support for BankNifty is at 17820-17750-17565 and the resistance to the up move is at 18320-18450-18500 levels.

BSE Sensex: (27550) The support for the Sensex is at 27416-27350-27200-27146 and the resistance to the up move is at 27720-27800-27885 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, August 13, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that Indian Stock Market has entered into negative region and traders can go for short selling at every upmove in the market. EquityPandit also predicted that traders can short BankNifty for huge profits as downside is open at this point of time and exactly same happened. Indian Stock Market cracked and fell down sharply. Traders who followed EquityPandit’s advice might have earned huge profits for the day. Nifty closed right on EquityPandit’s predicted support levels of 8350 like a dot. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open flat with positive bias. Indian Stock Market is in negative trend and traders can go for short selling at every upmove in the market. IIP and Inflations numbers were positive and hence some short covering may be seen but overall market is negative and a shorting opporutnity. Today is the last session for the Monsoon Parliament sessions and GST doesn’t look to pass today and hence would be postponed to winter session. Indian Stock Market would fell down sharply due to this. Traders can hold short in BankNifty on every positive rally for higher profits. Some short covering would definitely be seen in the market but every positive movement would be an opportunity for traders to go for short-selling in the market. FIIs were net sellers of Rs.1855.02 crores whereas DIIs were net buyers of Rs.1223.8 crores in last trading session. Nifty would see strong support at 8320-8286-8226-8195 whereas strong resistance would be seen at 8380-8433-8450-8505 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: ABGSHIP, AJANTPHARM, AMRUTANJAN, CLARIS, DLF, EROSMEDIA, ESSARPORTS, GMRINFRA, GVKPOWER, ICRA, IOC, IRB, JUBLFOOD, KAVERISEED, LANCOINFRA, MMTC, NBCC, ONGC, PAGEIND, SHREERENUKA, SYMPHONY, TATAPOWER and UNITECH.

NSE Nifty: (8349) The support for the Nifty is 8320-8286-8226-8195 and the resistance to the up move is at 8380-8433-8450-8505 levels.

NSE BankNifty: (18060) The support for BankNifty is at 17820-17750-17565 and the resistance to the up move is at 18320-18450-18500 levels.

BSE Sensex: (27512) The support for the Sensex is at 27416-27350-27200-27146 and the resistance to the up move is at 27610-27720-27800-27885 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

Advice for – Wednesday, August 12, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. EquityPandit predicted that we may see further profit booking in Indian Stock Market and one can take short position once downtrend is confirmed below 8500 levels and exactly same happened. Indian Stock Market saw sharp profit booking and market breached EquityPandit predicted levels of 8500 confirming the downtrend. Breaching 8500 levels forced Nifty to move sharply negative and traders who followed EquityPandit’s advice might have earned huge profits for the day. Nifty closed just above EquityPandit’s predicted support levels of 8450 for the day. BankNifty also closed right near EquityPandit’s predicted support levels of 18620. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open gap negative. Now market has entered into negative region as EquityPandit predicted yesterday and traders can go for short selling at every upmove in the market. Now Nifty is capped at 8556 levels on the positive side whereas downside is open. Traders can go short in BankNifty for higher profits as BankNifty has also entered into short-term negative trend. Some short covering would definitely be seen in the market but every positive movement would be an opportunity for traders to go for short-selling in the market. FIIs were net sellers of Rs.736.81 crores whereas DIIs were net buyers of Rs.130.74 crores in last trading session. Nifty would see strong support at 8410-8380-8350-8286 whereas strong resistance would be seen at 8505-8530-8560-8616 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: ABIRLANUVO, ALEMBICLTD, ANANTRAJ, ASHOKLEY, AUROPHARMA, BALRAMCHIN, CADILAHC, COALINDIA, DHANBANK, DHANUKA, GESHIP, GOODYEAR, HONDAPOWER, HOTELEELA, IDBI, INDHOTEL, INDIACEM, JINDALSTEL, MAHABANK, MAX, MERCK, MOIL, NATCOPHARM, OIL, RELINFRA, SCI, TIMKEN, VOLTAS, VSTIND, WHEELS, WONDERLA and ZICOM.

NSE Nifty: (8462) The support for the Nifty is 8410-8380-8350-8286 and the resistance to the up move is at 8505-8530-8560-8616 levels.

NSE BankNifty: (18617) The support for BankNifty is at 18475-18400-18187 and the resistance to the up move is at 18720-18920-19110 levels.

BSE Sensex: (27866) The support for the Sensex is at 27700-27635-27529 and the resistance to the up move is at 28020-28124-28215 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, August 11, 2015

EquityPandit

Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that Indian Stock Market would consolidate in a small range and would see sideways movement. EquityPandit also predicted that profit booking can’t be ruled out at this point of time and exactly same happened. Indian Stock Market saw sharp profit booking and fell down sharply. Nifty saw highs right at EquityPandit’s predicted resistance levels of 8616 levels whereas lows were seen right at EquityPandit’s predicted support levels of 8500 like a dot. BankNifty also saw lows right at EquityPandit’s predicted support levels of 18780 like a dot. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open flat with positive bias. Market is still in positive zone but due to lack of any positive trigger, it would see further profit booking. Nifty needs to close above 8600 levels to show some strength as it is the major closing base resistance for Nifty. For now, market would continue to consolidate in a rangebound region, so no major trade should be taken at this point of time until the downtrend is confirmed. FIIs were net sellers of Rs.14.43 crores whereas DIIs were net seller of Rs.50.05 crores in last trading session. Nifty would see strong support at 8500-8450-8410 whereas strong resistance would be seen at 8616-8650-8700 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 

Important Results To Be Declared Today: ADANIENT, APOLLOHOSP, APOLLOTYRE, ASTRAL, BOSCHLTD, GODREJIND, HINDCOPPER, HINDPETRO, IFCI, JKLAKSHMI, JUBILANT, MAFATIND, NMDC, PRESTIGE, RPOWER, SBIN, SUNPHARMA, TATAINVEST, TATASTEEL, VRL and VSTTILLERS.

NSE Nifty: (8526) The support for the Nifty is 8500-8450-8410 and the resistance to the up move is at 8616-8650-8700 levels.

NSE BankNifty: (18894) The support for BankNifty is at 18780-18620-18475 and the resistance to the up move is at 19110-19200-19400 levels.

BSE Sensex: (28102) The support for the Sensex is at 28060-27980-27814-27700 and the resistance to the up move is at 28480-28578-28641 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.

Premium Subscription Pricing details can be seen at Stock Market Premium Services

Advice for – Monday, August 10, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with negative bias. Indian Stock Market consolidated in a small range. EquityPandit’s predicted that Nifty would see strong support at 8550 levels and exactly same happened. Nifty moved sharply negative and saw lows right at EquityPandit’s predicted support levels of 8550. Nifty, Sensex and BankNifty consolidated between EquityPandit’s predicted support and resistance levels. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open negative. Market would still consolidate with in small range and would see sideways movement. Some profit booking can’t be ruled out at this point of time. Market is still in positive zone and traders should continue to hold long positions for now. Breaching levels of 19110 would push BankNifty to achieve targets of 19200-19400. 8500 is important level to watch out for, breaching which Nifty would fell down sharply. One can continue to go long in Nifty stocks until Nifty holds 8500 levels. FIIs were net sellers of Rs.93.74 crores whereas DIIs were net buyers of Rs.34.08 crores in last trading session. Nifty would see strong support at 8500-8500-8450-8410 whereas strong resistance would be seen at 8616-8650-8700 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 

Important Results To Be Declared Today: ADANIPORTS, ADANIPOWER, ASHIANA, CHAMBLFERT, CHENNPETRO, ECLERX, ENGINERSIN, FINCABLES, GMDCLTD, HDIL, HERCULES, HMT, IL&FSTRANS, ISMTLTD, J&KBANK, JISLJALEQS, LAXMIMACH, POWERGRID, TUBEINVEST, WOCKPHARMA and WPIL.

NSE Nifty: (8565) The support for the Nifty is 8550-8500-8450-8410 and the resistance to the up move is at 8616-8650-8700 levels.

NSE BankNifty: (18894) The support for BankNifty is at 18780-18620-18475 and the resistance to the up move is at 19110-19200-19400 levels.

BSE Sensex: (28236) The support for the Sensex is at 28060-27980-27814-27700 and the resistance to the up move is at 28480-28578-28641 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.

Premium Subscription Pricing details can be seen at Stock Market Premium Services

HCL Tech Outlook for Next Week (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for HCL Tech for week (August 10, 2015 – August 14, 2015):

 

HCL TECHNOLOGIES:

 

HCLTECH

 

 

HCL Technologies (NSE: HCLTECH) closed the week on positive note gaining around 5%.

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 1006 during the week.

Last week the stock has formed a Shooting Star pattern on Weekly charts indicating the end of the uptrend in the stock and the stock corrected to the levels of 920 before bouncing back to the levels of 1000 by end of the week.

The stock has formed a Bullish engulfing pattern on monthly charts. If the stock manages to close above the levels of 1005 the stock can move to the levels of 1040.

Support for the stock lies in the range of 950 to 960 where short term moving averages and 100 Daily SMA is lying.

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

Wipro Outlook for Next Week (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for Wipro for week (August 10, 2015 – August 14, 2015):

 

WIPRO:

 

WIPRO

 

 

Wipro closed the week on absolutely flat note.

Last week the stock has formed a Shooting Star pattern on weekly charts indicating the end of the uptrend in the stock. The stock corrected to the levels of 553 before bouncing to the levels of 570 by end of the week.

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

If the stock manages to move above the resistance zone of 570 to 580 where 100 Daily SMA and 200 Daily SMA are lying the stock can move to the levels of 600.

Support for the stock lies in the zone 550 to 560 where 500 Daily SMA, 100 Weekly 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 540 to 550 on downside to 580 to 600 on upside.

TCS Outlook for Next Week (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for TCS for week (August 10, 2015 – August 14, 2015):

 

TATA CONSULTANCY SERVICES:

 

TCS

TCS closed the week on absolutely flat note.

Last week the stock consolidated in the tight range of 2470 on downside to 2520 on upside.

Since last 3 months the stock has been consolidating in the range of 2450 on downside to 2650 on upside.

A breakout on either side on monthly charts can move the stock further 5% to 7% in that direction.

On daily charts if the stock manages to close above the levels of 2520 the stock can move to the levels of 2560 where 100 Daily SMA and 200 Daily SMA are lying.

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 2450 to 2480 on downside to 2550 to 2580 on upside.

Infosys Outlook for Next Week (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for Infosys for week (August 10, 2015 – August 14, 2015):

 

INFOSYS:

 

INFY

 

 

INFOSYS (NSE: INFY) closed the week on negative note losing around 1%.

The stock has made a Hammer pattern on 31/07/2015 indicating the end of downtrend. If the stock manages to close above the levels of 1080 the stock can move to the levels of 1120.

The stock has formed a Bearish Harami pattern on weekly charts indicating the indecision among the traders about the further move after the big upward move.

On monthly charts the stock has broken out of the consolidation phase of 960 to 1030 zone.

Support for the stock lies around the levels of 1030 from where the stock broke out and also 100 Daily SMA and 200 Daily SMA 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.

Cipla Outlook for Next Week (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for Cipla for week (August 10, 2015 – August 14, 2015):

 

CIPLA:

 

CIPLA

CIPLA closed the week on positive note gaining around 1%.

As we have mentioned last week that the stock is trading around the strong resistance zone of 720 where trend-line joining highs and lower end of upward moving channel are positioned. If the stock manages to close above the levels of 720 the stock can move to the levels of 750. During the week the stock hit a high of 731 but could not sustain and sold off to the levels of 716.

If the stock manages to close above the levels of 731 the stock can move to the levels of 750.

Support for the stock lies in the zone of 700 to 705 where short term moving averages and trend-line support are lying.

Resistance for the stock lies in the zone of 720 to 730.

Broad range for the stock is seen in the range of 690 – 700 on downside to 720 – 740 on upside.

Dr. Reddy Outlook for Next Week (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for Dr. Reddy for week (August 10, 2015 – August 14, 2015):

 

DR. REDDY:

 

DRREDDY

 

 

Dr Reddy closed the week on positive note gaining around 5%.

The stock is in Strong Bull run and every week the stock is making new lift time highs.

Above the levels of 4326 the stock can move to the levels of 4500.

Support for the stock lies in the zone of 4150 from where the stock has broken out of the channel.

Broad range for the stock is seen from 4100 – 4150 on downside to 4400 – 4450 on upside.

Lupin Outlook for Next Week (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for Lupin for week (August 10, 2015 – August 14, 2015):

 

LUPIN:

 

LUPIN

 

 

Lupin closed the week on absolutely flat note.

As we have mentioned last week that if the stock manages to close above the levels of 1710 the stock can move to the levels of 1825 where 100 Daily SMA is positioned. The stock hit a high of 1717 but could not close above the levels of 1710. The stock closed the week around the levels of 1693.

The stock has formed a Hanging Man Pattern on Weekly charts in uptrend indicating the trend reversal. The stock has to close above the levels of 1717 to negate this pattern.

The stock has formed a Bearish engulfing pattern on monthly charts indicates that every bounce will be sold off.

Support for the stock lies in the zone of 1660 to 1680 where short term moving averages, 200 Daily SMA and channel support are positioned.

Resistance for the stock lies in the zone of 1740 to 1770 where 20 Daily EMA and 50 Daily EMA are positioned.

Broad range for the stock is seen from 1650 – 1670 on downside to 1750 – 1780 on upside.

Sun Pharma Outlook for Next Week (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for Sun Pharma for week (August 10, 2015 – August 14, 2015):

 

SUN PHARMA:

 

SUNPHARMA

 

 

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

As we have mentioned last week that if the stock manages to close above the levels of 825 the stock can move to the levels of 840 and if stock manages to close above the levels of 840 the stock can move to the levels of 860, the stock hit a high of 857.4 and close the week around the levels of 852.

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

If the stock breaks below the zone of 800 to 810 the stock can move to the levels of 750 where 500 Daily SMA and 100 Weekly SMA are lying.

Support for the stock is seen in the zone of 835 below which the stock can drift to the levels of 810.

Broad range for the stock in the coming week can be 800 – 820 on lower side to 860 – 880 on upper side.

Colgate Palmolive Outlook for Next Week (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for Colgate Palmoilve for week (August 10, 2015 – August 14, 2015):

 

COLGATE PALMOLIVE:

 

COLGATE

 

 

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

During the first half of the week the stock consolidated in the range of 1975 to 2015. The stock broke out of the range on 06/08/2015 and gained more than 3%.

The stock has formed a Shooting Star pattern on daily chart in an uptrend indicating the trend reversal. The stock has to close above the levels of 2056 to negate this pattern. If the stock manages to close above the levels of 2056 the stock can move to the levels of 2090.

Support for the stock lies in the range of 2000 to 2030 where short term moving averages are positioned.

Resistance for the stock lies in the zone of 2060 to 2080 where trend-line resistance is positioned.

Broad range for the stock is seen between 1980 to 2000 on lower end and 2070 to 2090 on upper end.

Dabur Outlook for Next Week (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for SBI for week (August 10, 2015 – August 14, 2015):

 

DABUR:

 

DABUR

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

As we have mentioned last week that if the stock manages to close above the levels of 305 the stock can move to the levels of 320 to 325. The stock hit a high of 316 during the week.

The stock has been forming the Doji pattern on Daily chart since last 2 days. If the stock closes above the levels of 316 the stock can move to the levels of 325 to 330.

Support for the stock lies in the zone of 295 to 300 where short term and medium term moving averages are positioned.

Resistance for the stock lies in the zone of 320 to 325 levels.

Broad range for the stock is seen between 290 to 295 on lower end and 320 to 325 on upper end.

Hindustan Unilever Outlook for Next Week (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for Hindustan Unilever for week (August 10, 2015 – August 14, 2015):

 

HINDUSTAN UNILEVER:

 

HINDUNILEVER

 

 

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

As seen from the chart the stock has been trading in every tight range of 900 to 915 since last 4 days.

The stock has formed a Bearish pattern on weekly charts. The stock has to sustain above the levels of 925 to negate this pattern.

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 (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for ITC for week (August 10, 2015 – August 14, 2015):

 

ITC:

 

ITC

 

 

ITC closed the week on absolutely flat note.

As we have mentioned last week that if the stock manages to close above the levels of 327 the stock can move to the levels of 340 to 345 and the stock hit a high of 334 during the week and close the week around the levels of 324.

The stock has formed a Shooting star pattern on weekly charts in uptrend indicating the trend reversal. The stock has to close above the levels of 333.5 to negate this pattern.

The stock has formed a Hammer pattern on daily charts indicating the exhaustion of selling pressure. The stock has taken support around the levels of 322 where 100 Daily SMA is lying.

Support for the stock lies in the zone of 315 to 320 where short term moving averages and 100 Daily SMA are lying.

Resistance for the stock lies in the zone of 340 to 345 where 200 Daily SMA and 500 Daily SMA are lying.

Broad range for the stock in coming week is seen between 310 to 315 on downside and 335 to 340 on upside.

SBI Outlook for Next Week (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for SBI for week (August 10, 2015 – August 14, 2015):

 

STATE BANK OF INDIA:

 

sbin

State Bank Of India (NSE: SBIN) closed the week on positive note gaining more than 4%.

As we have mentioned last week that the stock is consolidating in the range of 250 to 255 on lower end to 275 to 280 on upper end since last 1 month and if the stock manages to close above the levels of 275 to 280 the stock can move to the levels of 300 and the stock hit a high of 292 during the week and retraced back to the levels of 280.

The stock has formed a Bullish Harami pattern on monthly charts in downtrend indicating the trend reversal.

Support for the stock lies in the range of 260 to 270 where short term moving averages are positioned.

The stock has closed below the 200 Daily SMA which is lying around the levels of 285. Resistance for the stock lies in the range of 280 to 290 where long moving averages and trend-line resistance are lying.

Broad range for the stock in the coming week can be 260 – 265 on lower side to 290 – 295 on upper side.

 

Axis Bank Outlook for Next Week (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for Axis Bank for week (August 10, 2015 – August 14, 2015):

 

AXIS BANK:

 

axisbank

Axis Bank closed the week on positive note gaining around 1%.

As we have mentioned last week that the stock has formed a Hammer pattern on weekly charts in downtrend indicating the trend reversal. If the stock manages to close above the levels of 580 the stock can move to the levels of 600 where trend-line resistance for the stock lies and the stock made a high of 590 and retraced to the levels of 570 before closing the week on 580 levels.

The stock is facing significant resistance in the zone of 590 where trend-line for the stock is lying. If the stock manages to close above the levels of 590 the stock can move to the levels of 610.

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 (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for ICICI Bank for week (August 10, 2015 – August 14, 2015):

 

ICICI BANK:

 

icicibank

 

 

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

As we have mentioned last week that the stock has formed a Hammer pattern on weekly charts in downtrend indicating the trend reversal. If the stock manages to sustain above the zone of 310 to 312 the stock can move to the levels of 325 where 200 Daily SMA is lying and the stock hit a high of 319.8 before retracing back to the levels of 310.

The stock has formed a triple top around the zone of 320. The stock has to sustain above the levels of 320 for couple of days to move forward towards the levels of 330 where 200 Daily SMA is positioned.

Support for the stock lies in the range of 300 to 305 where short term moving averages are lying.

Resistance for the stock lies in the range of 320 to 325 where the stock has formed a triple top formation on charts.

Broad range for the stock in the coming week can be 295 – 300 on lower side to 325 – 330 on upper side.

HDFC Bank Outlook for Next Week (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for HDFC Bank for week (August 10, 2015 – August 14, 2015):

 

HDFC BANK:

 

hdfcbank

 

 

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

As we have suggested last week that we expect the stock to consolidate in the range of 1080 to 1130 levels and the stock moved between 1082 on downside to 1117 on upside during the week.

Since last 3 weeks the stock has been consolidating in this range indicating the indecision among the traders about the further direction of the stock.

So coming week if the stock manages to close above the levels of 1120 the stock can move to the levels of 1140 to 1150 where upper end of the channel is positioned.

If the stock breaks below the levels of 1080 the stock can drift to the levels of 1065 where 50 Daily EMA is positioned.

Support for the stock lies in the range of 1080 to 1100 where short term moving averages are positioned.

Broad range for the stock in the coming week can be 1070 – 1090 on lower side to 1120 – 1140 on upper side.

CNX Energy Outlook for Next Week (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for CNX Energy for week (August 10, 2015 – August 14, 2015):

CNX ENERGY:

 

 CNX Energy

CNX ENERGY index closed the week on negative note losing around 0.5%.

As we have mentioned last week that the index has formed a Evening star pattern on weekly charts in an uptrend indicating the trend reversal. If the index closes below the levels of 8650 the index can move to the levels of 8400 and the index hit a low of 8565 and close the week on positive note around the levels of 8666 above the levels of 8650.

The index has formed a Shooting Star pattern on monthly charts in an uptrend indicating the trend reversal. The index has to close above the levels of 9000 to negate bearish pattern on weekly and monthly charts.

Support for the index lies in the zone of 8600 to 8650 where 100 Daily SMA and 500 Daily SMA are positioned.

Resistance for the index is lying in the zone of 8700 to 8800 where 200 Daily SMA and trend-line are positioned.

Broad range for the index is seen between 8500 to 8550 on downside to 8900 to 8950 on upside.

CNX Auto Outlook for Next Week (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for CNX Auto for week (August 10, 2015 – August 14, 2015):

 

CNX AUTO:

 

CNX Auto

 

 

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

As we have mentioned last week that if the index manages to close above the levels of 8650, the index will break-out of the 3 months consolidation and the index can move to the levels of 8800 and the index hit a high of 8862 before closing the week around the levels of 8795.

The index has formed a Shooting star pattern on daily charts on 07/08/2015 indicating the trend reversal in an uptrend. If the index manages to close above the levels of 8862 the index can move to the levels of 9000.

Support for the index lies in the zone of 8600 to 8700 from where the index has broken out and also short term moving averages are positioned around this levels.

Resistance for the index lies in the zone of 8650 to 8700 above which the index can move to the levels of 9000.

Broad range for the index is seen from 8550 to 8600 on downside to 8900 to 9000 on upside.

CNX Pharma Outlook for Next Week (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for CNX Pharma for week (August 10, 2015 – August 14, 2015):

 

CNX PHARMA:

 

CNX Pharma

 

 

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

As we have mentioned last week that if the index manages to move above the resistance zone of 12500 the index can move to the levels of 12800 and index hit a high of 12788 and retraced to the levels of 12620.

The index has formed a Shooting star pattern on monthly charts in an uptrend. The index has to sustain above the levels of 13200 on closing basis on monthly charts to negate this pattern. If the index closes below the levels of 11800 the index can drift to the levels of 11200.

Support for the index lies in the zone of 12300 to 12500 where short term moving averages and 100 Daily SMA are lying.

Resistance for the index lies in the zone of 12800 where trend-line resistance is positioned. Above the levels of 12800 the index can move to the levels of 13200.

Broad range for the index is seen from 12000 to 12200 on downside to 12800 to 13000 on upside.

CNX FMCG Outlook for Next Week (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for CNX FMCG for week (August 10, 2015 – August 14, 2015):

 

CNX FMCG:

 

cnxfmcg

 

 

CNX FMCG index closed the week on absolutely flat note.

As we have mentioned last week that the index has the significant resistance around the zone of 21100 and the index hit a high of 21150 and retraced back to the levels of 20750 before ending the week around the levels of 20900.

The index has formed a Doji pattern on weekly charts indicating the indecision among the traders about the further direction of the index.

Support for the index lies in the range of 20500 to 20700 where short term moving averages are positioned below which the index can drift to the levels of 20100 to 20300 where 100 Daily SMA and 200 Daily SMA are positioned.

Resistance for the index lies in the zone of 21100. If the index manages to cross above the resistance zone of 21100 the index can move to the levels of 21600.

Broad range for the index in the coming week is seen from 20200 on downside to 21500 on upside.

CNX IT Outlook for Next Week (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for CNX IT for week (August 10, 2015 – August 14, 2015):

 

CNX IT:

 

cnxit

CNX IT index closed the week on absolutely flat note.

During the first half of the week the index could not sustain above the resistance zone of 11600 and index sold off to the levels of 11380. On 05/08/2015 the index recovered and close above the resistance zone of 11600.

As we have mentioned last week that the index has formed a Bullish engulfing pattern on monthly charts. If the index manages to close above the levels of 11800 the index will break-out of the 3 months consolidation, the index hit a high of 11740 levels and retraced back to the levels of 11600.

If the index manages to close above the levels of 11800 the index can move to the levels of 12800 to 13000 in 1 to 2 months time frame.

Support for the index lies around the zone of 11400 to 11500 where short term moving averages and trend-line support are lying.

Resistance for the index lies in the zone of 11800 to 11900 where upper end of the channel is positioned.

Broad range for the index in the coming week is seen from 11200 on downside to 12000 on upside.

BankNifty Outlook for Next Week (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for BankNifty for week (August 10, 2015 – August 14, 2015):

 

BANKNIFTY:

 

BankNifty

 

Bank Nifty ended the week on positive note gaining around 1%.

As we have been mentioning since last 2 weeks that the index is facing significant resistance around the zone of 19100 to 19200 levels where upper end of downward sloping channel is positioned, this week also the index has hit a high of 19103 levels and retraced back to the levels of 18800 before closing the week around the levels of 18900.

Since last 3 days the index has been consolidating in the range of 18800 on downside to 19100 on upside.

If 18800 on the index is broken the index can drift to the levels of 18650 where short term moving averages are positioned. Around the zone of 18400 – 18500 the index has major support where 100 Daily SMA and 200 Daily SMA are positioned.

Resistance for the index lies in the zone of 19100 above which the index can move to the levels of 19500.

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

Nifty Outlook for Next Week (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for Nifty for week (August 10, 2015 – August 14, 2015):

 

NIFTY:

 

Nifty

Nifty ended the week on positive note gaining around 0.5%.

The index has been struggling to move past the resistance zone of 8600 on closing basis. On 06/08/2015 and 07/08/2015, the index could not close above the levels of 8600 and was witnessing constant selling pressure.

If the index manages to close above the levels of 8650 the index can move to the levels of around 8800.

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

Resistance for the index lies in the zone of 8700 to 8750 where upper end of the channel is positioned.

Range of the week is seen from 8400 to 8450 on downside to 8700 to 8750 on upside.

Advice for – Friday, August 07, 2015

EquityPandit

Last Trading Session: Indian Stock Market opened flat. Exactly as EquityPandit’s prediction, a sharp positive movement was seen in Pharma and IT stocks. Traders who followed EquityPandit’s advice to go long in Pharma and IT shares might have earned huge profits for the day. EquityPandit predicted that market would consolidate at this point of time but overall market is still positive for now and exactly same happened. Nifty and BankNifty consolidated for the first half session and then moved sharply positive. BankNifty saw highs right at EquityPandit’s predicted resistance levels of 19110. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open flat with negative bias. Market is still in positive zone and traders should continue to hold long positions for now. Breaching levels of 19110 would push BankNifty to achieve targets of 19200-19400. 8500 is important level to watch out for. One can continue to go long in Nifty stocks until Nifty holds 8500 levels. FIIs were net buyers of Rs.108.93 crores whereas DIIs were net sellers of Rs.111.78 crores in last trading session. Nifty would see strong support at 8500-8450-8410 whereas strong resistance would be seen at 8616-8650-8700 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 

Important Results To Be Declared Today: BHEL, CORPBANK, COX&KINGS, FINOLEXIND, FRL, GRASIM, GSPL, JSL, KALPATPOWR, RATNAMANI, RECLTD, RKFORGE, SOBHA, TATAMOTORS, TATAMTRDVR, TTKHEALTH and ZEEMEDIA.

NSE Nifty: (8589) The support for the Nifty is 8550-8500-8450-8410 and the resistance to the up move is at 8616-8650-8700 levels.

NSE BankNifty: (19029) The support for BankNifty is at 18780-18620-18475 and the resistance to the up move is at 19110-19200-19400 levels.

BSE Sensex: (28298) The support for the Sensex is at 28060-27980-27814-27700 and the resistance to the up move is at 28480-28578-28641 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 – Thursday, August 06, 2015

EquityPandit

Last Trading Session: Exactly as predicted, Indian Stock Market opened positive. EquityPandit predicted that the trend is still positive and traders should still go long in the market and exactly same happened. Nifty moved sharply positive and consolidated in the range. Finally, Indian Stock Market closed positive right at EquityPandit’s predicted resistance levelwith BankNifty under some pressure.

Today: Indian Stock Market would open flat with negative bias. Market would now consolidate in a range where IT and Pharma would see some positive movement in days to come. BankNifty can see some profit booking. The right trade at this time is to go long in Nifty and hedge it with short in BankNifty. Anyhow, Nifty and BankNifty are still in positive zone at this point of time. FIIs were net buyers of Rs.447.9 crores whereas DIIs were net sellers of Rs.189.11 crores in last trading session. Nifty would see strong support at 8500-8450-8410 whereas strong resistance would be seen at 8616-8650-8700 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 

Important Results To Be Declared Today: ARVIND, BAJAJELEC, BOMDYEING, BOROSIL, CUMMINSIND, ESCORTS, FORTIS, HAWKINCOOK, KEI, MONTECARLO, MOTHERSUMI, OFSS, OMAXE, POLARIS, PRAJIND, RUPA, SRF, SUNDRMBRAK, TALWALKARS, TATAGLOBAL and TRENT.

NSE Nifty: (8568) The support for the Nifty is 8500-8450-8410 and the resistance to the up move is at 8616-8650-8700 levels.

NSE BankNifty: (18929) The support for BankNifty is at 18780-18620-18475 and the resistance to the up move is at 19110-19200-19400 levels.

BSE Sensex: (28223) The support for the Sensex is at 28060-27980-27814-27700 and the resistance to the up move is at 28315-28480-28578-28641 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 – Wednesday, August 05, 2015

EquityPandit

Last Trading Session: Exactly as predicted, Indian Stock Market opened flat. EquityPandit predicted that BankNifty is in positive trend and traders should go long or hold their long positions in BankNifty and exactly same happened. Nifty moved sharply positive and saw highs right at EquityPandit’s predicted resistance levels of 8561 like a dot. After rate kept unchanged by RBI, Nifty and BankNifty fell down sharply. Nifty saw lows right at EquityPandit’s predicted support levels of 8450 like a dot and then recovered from those levels to close above EquityPandit’s suggest levels of 8500 by closing. Sensex also closed just above EquityPandit’s predicted support levels of 28060. Finally, Indian Stock Market closed negative but BankNifty closed positive for the day.

Today: Indian Stock Market would open flat with positive bias. After a lacklusture RBI Policy, there is no important news that can affect market trend for upcoming days and hence Indian Stock Market would follow global markets for next couple of days. For now trend is positive and traders should hold BankNifty long position for now. For timebeing positive trend of BankNifty is capped at 19400 where we can see strong profit booking coming in. Positive trend is loosing strength at higher levels and frequent profit booking is seen at those levels. Nifty and BankNifty would still be considered positive until Nifty closes below 8450 levels. FIIs were net buyers of Rs.118.7 crores whereas DIIs were net sellers of Rs.112.55 crores in last trading session. Nifty would see strong support at 8500-8450-8410 whereas strong resistance would be seen at 8565-8616-8650-8700 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 

Important Results To Be Declared Today: BATAINDIA, BBTC, CANBK, EMAMILTD, IGL, MAHSEAMLES, MARICO, MERCATOR, NDTV, PARSVNATH, PTC, RAMCOSYS, SHREECEM, SIEMENS, SNOWMAN, SONATSOFTW, TATACHEM, UFLEX and Vardhman textiles.

NSE Nifty: (8517) The support for the Nifty is 8500-8450-8410 and the resistance to the up move is at 8565-8616-8650-8700 levels.

NSE BankNifty: (18972) The support for BankNifty is at 18780-18620-18475-18360-18260 and the resistance to the up move is at 19018-19200-19400 levels.

BSE Sensex: (28071) The support for the Sensex is at 28060-27980-27814-27700 and the resistance to the up move is at 28235-28480-28578-28641 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, August 04, 2015

EquityPandit

Last Trading Session: Exactly as predicted, Indian Stock Market opened flat. EquityPandit predicted that market would see further positive movements and traders should go long in Indian Stock Market and especially, BankNifty, at this point of time. EquityPandit also predicted that Nifty would see strong resistance at 8561 and strong support at 8500 levels and exactly same happened. Indian Stock Market including Nifty and BankNifty moved sharply positive. Nifty saw strong support near EquityPandit’s predicted support levels at 8500 and rebounded from there. Nifty saw highs right at EquityPandit’s predicted resistance levels of 8561 like a dot. Traders, who followed EquityPandit’s advice to go long might have earned huge profits for the day. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open flat. Today is the D-day when RBI Policy would be disclosed. If some rate cut happens then we would see a sharp positive movement in BankNifty, which is definitely a possibility and we could also test the levels of 19200 or way above those levels. But if Rate remains unchanged then a sharp downfall is intact as the complete banking sector has moved sharply positive in last couple of days in expectation of Rate cut in this RBI Policy. Technically,BankNifty is in positive trend and traders should hold long positions in BankNifty at this point of time until RBI Policy is disclosed. 8500 would act as important support for Nifty. FIIs were net buyers of Rs.350.41 crores whereas DIIs were net sellers of Rs.33.36 crores in last trading session. Nifty would see strong support at 8500-8450-8410 whereas strong resistance would be seen at 8561-8616-8650-8700 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 

Important Results To Be Declared Today: BHARTIARTL, BRITANNIA, EIDPARRY, GAMMNINFRA, GODREJPROP, HEXAWARE, JKTYRE, MANGALAM, MMFL, NOIDATOLL, TBZ, TORNTPOWER, TVTODAY.

NSE Nifty: (8543) The support for the Nifty is 8500-8450-8410 and the resistance to the up move is at 8561-8616-8650-8700 levels.

NSE BankNifty: (18915) The support for BankNifty is at 18780-18620-18475-18360-18260 and the resistance to the up move is at 19018-19200-19400 levels.

BSE Sensex: (28187) The support for the Sensex is at 28060-27980-27814-27700 and the resistance to the up move is at 28235-28480-28578-28641 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, August 03, 2015

EquityPandit

Last Trading Session: Exactly as predicted, Indian Stock Market opened flat with positive bias. EquityPandit predicted that market may see a reversal and Banking sector, especially, PSU banks are looking too strong that may take BankNifty into positive zone. EquityPandit also predicted that BankNifty would enter into positive zone above 18590 and traders should go long in that case and exactly same happened. PSU Banks and ICICI bank moved sharply positive pushing Nifty and BankNifty into positive zone. Traders who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open flat. Now BankNifty has entered into positive trend and traders should go long in BankNifty at this point of time. RBI Policy would be disclosed tomorrow and if there is any rate cut, which is definitely a possibility, can push BankNifty sharply positive, may be upto 19200 or even higher. Asian market has fallen today but we expect Indian Market to sustain the levels until RBI Policy is disclosed tomorrow. The trade at this point of time is to go long in BankNifty. FIIs were net sellers of Rs.277.77 crores whereas DIIs were net buyers of Rs.1021.34 crores in last trading session. Nifty would see strong support at 8500-8450-8410 whereas strong resistance would be seen at 8561-8616-8650 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: ABAN, ATULAUTO, BERGEPAINT, BGRENERGY, BHARATFORG, HCLTECH, HEROMOTOCO, IBREALEST, KALINDEE, MCLEODRUSS, MONSANTO, NESCO, NILKAMAL, REDINGTON, TNPL, UNITEDBNK and VGUARD.

NSE Nifty: (8532) The support for the Nifty is 8500-8450-8410 and the resistance to the up move is at 8561-8616-8650 levels.

NSE BankNifty: (18730) The support for BankNifty is at 18620-18475-18360-18260 and the resistance to the up move is at 18856-18981-19200 levels.

BSE Sensex: (28115) The support for the Sensex is at 27980-27814-27700-27568 and the resistance to the up move is at 28235-28480-28578 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 (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for Cipla for week (August 03, 2015 – August 07, 2015):  

 

CIPLA:

 

CIPLA

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

As we have been mentioning since last 2 weeks that if the stock manages to cross above the levels of 691 the stock can move to the levels of 720 and the stock hit the high of 724 during the week before ending the week at around 709.

The stock is trading around the strong resistance zone of 720 where trend-line joining highs and lower end of upward moving channel are positioned.

If the stock manages to close above the levels of 720 the stock can move to the levels of 750.

Support for the stock lies in the zone of 660 to 680 where short term moving averages and 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 720 to 730.

Broad range for the stock is seen in the range of 660 – 680 on downside to 720 – 740 on upside.

Dr. Reddy Outlook for Next Week (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for Dr. Reddy for week (August 03, 2015 – August 07, 2015):  

 

DR. REDDY:

 

DRREDDY

 

 

Dr. Reddy (NSE: DRREDDY) closed the week on positive note gaining more than 4%.

As we have been mentioning since last 2 weeks 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 4100 and stock made the high of 4076 during the week.

Support for the stock lies in the zone of 3965 from where the stock broke out.

Resistance for the stock lies in the zone of 4150 to 4200 where upper end of the channel is positioned.

Broad range for the stock is seen from 3900 – 3950 on downside to 4150 – 4200 on upside.

Lupin Outlook for Next Week (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for Lupin for week (August 03, 2015 – August 07, 2015):  

 

LUPIN:

 

LUPIN

 

 

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

The stock has taken support around the trend-line positioned at the levels of 1590 and bounced back above the 200 Daily SMA to close the week at 1697.

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

If the stock manages to close above the levels of 1710 the stock can move to the levels of 1825 where 100 Daily SMA is positioned.

The stock has formed a Bearish engulfing pattern on monthly charts indicates that every bounce will be sold off.

Support for the stock lies in the zone of 1650 where 200 Daily SMA and channel support are positioned.

Resistance for the stock lies in the zone of 1750 to 1770 where 20 Daily EMA and 50 Daily EMA are positioned.

Broad range for the stock is seen from 1650 – 1670 on downside to 1750 – 1780 on upside.

Sun Pharma Outlook for Next Week (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for Sun Pharma for week (August 03, 2015 – August 07, 2015):  

 

SUN PHARMA:

 

SUNPHARMA

 

 

SUN PHARMA closed the week on negative note losing around 2%.

During the week the stock consolidated in the range of 810 on downside to 840 on upside.

The stock has formed a Bullish Harami pattern on daily charts in downtrend indicating the trend reversal.

If the stock manages to close above the levels of 825 the stock can move to the levels of 840 and if stock manages to close above the levels of 840 the stock can move to the levels of 860.

If the stock breaks below the zone of 800 to 810 the stock can move to the levels of 750 where 500 Daily SMA and 100 Weekly SMA are lying.

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.

 

 

Colgate Palmolive Outlook for Next Week (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for Colgate Palmolive for week (August 03, 2015 – August 07, 2015):

 

Colgate Palmolive:

 

COLGATE

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

As we have mentioned last week that 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. The stock was not able to close above the levels of 2090 and the stock sold off to the levels of 1948 during the week on back of quarterly results.

Support for the stock lies in the range of 1900 to 1930 where 200 Daily SMA and trend-line support are positioned.

Resistance for the stock lies in the zone of 2020 to 2040 where short term moving averages and 100 Daily SMA are positioned.

Broad range for the stock is seen between 1880 to 1900 on lower end and 2030 to 2050 on upper end.

Dabur Outlook for Next Week (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for Dabur for week (August 03, 2015 – August 07, 2015):

 

DABUR:

 

DABUR

 

 

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

As we have mentioned last week that 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. The stock hit a high of 301.5 during the week and corrected to the levels of 290 during the week.

If the stock manages to close above the levels of 305 the stock can move to the levels of 320 to 325.

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 310 to 315 on upper end.

Hindustan Unilever Outlook for Next Week (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for Hindustan Unilever for week (August 03, 2015 – August 07, 2015):

 

HINDUSTAN UNILEVER:

 

HINDUNILEVER

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

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.

The stock has formed a Bearish Harami pattern on daily charts indicating the trend reversal. The stock has to close above the levels of 930 to negate this pattern. If the stock manages to cross above the resistance zone of 940 the stock can move to the levels of 960 to 980.

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

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 (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for ITC for week (August 03, 2015 – August 07, 2015):  

 

ITC:

 

ITC

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

The stock took support around the levels of 300 during the week where 1000 Daily SMA and 200 Weekly SMA was lying and bounced sharply to end the week at around the levels of 326.

The stock has formed a Bullish engulfing pattern on weekly charts indicating the bullish trend in the stock.

The stock has also formed a Hammer pattern on monthly charts indicating the end of downtrend in the stock.

The stock also manages to close above the levels of 323 where 100 Daily SMA is lying. Above the levels of 327 the stock can move to the levels of 340 to 345.

Support for the stock lies in the zone of 315 to 320 where short term moving averages and 100 Daily SMA are lying.

Broad range for the stock in coming week is seen between 310 to 315 on downside and 335 to 340 on upside.

HCL Tech Outlook for Next Week (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for HCL Tech for week (August 03, 2015 – August 07, 2015):

 

HCL TECHNOLOGIES:

 

HCLTECH

HCL Technologies (NSE: HCLTECH)  closed the week on positive note gaining around 5%.

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 1006 during the week.

Last week the stock has formed a Shooting Star pattern on Weekly charts indicating the end of the uptrend in the stock and the stock corrected to the levels of 920 before bouncing back to the levels of 1000 by end of the week.

The stock has formed a Bullish engulfing pattern on monthly charts. If the stock manages to close above the levels of 1005 the stock can move to the levels of 1040.

Support for the stock lies in the range of 950 to 960 where short term moving averages and 100 Daily SMA is lying.

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

 

 

Wipro Outlook for Next Week (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for Wipro for week (August 03, 2015 – August 07, 2015):  

 

WIPRO:

 

WIPRO

 

 

Wipro closed the week on absolutely flat note.

Last week the stock has formed a Shooting Star pattern on weekly charts indicating the end of the uptrend in the stock. The stock corrected to the levels of 553 before bouncing to the levels of 570 by end of the week.

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

If the stock manages to move above the resistance zone of 570 to 580 where 100 Daily SMA and 200 Daily SMA are lying the stock can move to the levels of 600.

Support for the stock lies in the zone 550 to 560 where 500 Daily SMA, 100 Weekly 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 540 to 550 on downside to 580 to 600 on upside.

TCS Outlook for Next Week (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for TCS for week (August 03, 2015 – August 07, 2015):  

 

TATA CONSULTANCY SERVICES:

 

TCS

 

 

Tata Consultancy Services (NSE: TCS) closed the week on absolutely flat note.

Last week the stock consolidated in the tight range of 2470 on downside to 2520 on upside.

Since last 3 months the stock has been consolidating in the range of 2450 on downside to 2650 on upside.

A breakout on either side on monthly charts can move the stock further 5% to 7% in that direction.

On daily charts if the stock manages to close above the levels of 2520 the stock can move to the levels of 2560 where 100 Daily SMA and 200 Daily SMA are lying.

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 2450 to 2480 on downside to 2550 to 2580 on upside.

Infosys Outlook for Next Week (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for Infosys for week (August 03, 2015 – August 07, 2015):  

 

INFOSYS:

 

INFY

 

 

Infosys (NSE: INFY) closed the week on negative note losing around 1%.

The stock has made a Hammer pattern on 31/07/2015 indicating the end of downtrend. If the stock manages to close above the levels of 1080 the stock can move to the levels of 1120.

The stock has formed a Bearish Harami pattern on weekly charts indicating the indecision among the traders about the further move after the big upward move.

On monthly charts the stock has broken out of the consolidation phase of 960 to 1030 zone.

Support for the stock lies around the levels of 1030 from where the stock broke out and also 100 Daily SMA and 200 Daily SMA 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 (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for State Bank Of India for week (August 03, 2015 – August 07, 2015):  

 

STATE BANK OF INDIA:

 

sbin

State Bank Of India (NSE: SBIN) closed the week on positive note gaining more than 2%.

The stock is consolidating in the range of 250 to 255 on lower end to 275 to 280 on upper end since last 1 month.

The stock has formed a Bullish Harami pattern on monthly charts in downtrend indicating the trend reversal.

If the stock manages to close above the levels of 275 to 280 the stock can move to the levels of 300. The stock can face resistance around the levels of 280 where 200 Daily SMA is lying.

Support for the stock lies in the range of 255 to 260 where short term moving averages and trend-line support are positioned.

Resistance for the stock lies in the range of 270 to 280 where long moving averages and trend-line resistance are lying.

Broad range for the stock in the coming week can be 255 – 260 on lower side to 280 – 285 on upper side.

Axis Bank Outlook for Next Week (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for Axis Bank for week (August 03, 2015 – August 07, 2015):  

 

AXIS BANK:

 

axisbank

 

Axis Bank closed the week on negative note losing around 1%.

As we have mentioned last week that the stock has formed a Bearish Harami pattern on Weekly Charts in an medium term uptrend which indicates the trend reversal and the stock corrected to the levels of 550 before bouncing back to the levels of 580.

The stock has formed a Hammer pattern on weekly charts in downtrend indicating the trend reversal. If the stock manages to close above the levels of 580 the stock can move to the levels of 600 where trend-line resistance for the stock lies.

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 (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for ICICI Bank for week (August 03, 2015 – August 07, 2015):  

 

ICICI BANK:

 

icicibank

 

ICICI Bank closed the week on absolutely flat note.

As we have been suggesting since last 2 weeks that the stock has very important support around the levels of 280 where long term trend-line support and 100 Weekly SMA is lying and this week also the stock took support around the levels of 282 and bounce to the levels of 309.

On 31/07/2015, after the quarterly results the stock moved northwards but could not sustain above the trend-line resistance positioned around the levels of 310.

The stock has formed a Hammer pattern on weekly charts in downtrend indicating the trend reversal. If the stock manages to sustain above the zone of 310 to 312 the stock can move to the levels of 325 where 200 Daily SMA is lying.

Support for the stock lies in the range of 290 to 295 where short term moving averages and trend-line support for the stock lies.

Broad range for the stock in the coming week can be 285 – 290 on lower side to 325 – 330 on upper side.

Hdfc Bank Outlook for Next Week (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for HDFC Bank for week (August 03, 2015 – August 07, 2015):  

 

HDFC BANK:

 

hdfcbank

 

 

HDFC Bank closed the week on absolutely flat note.

As we have suggested last week that we expect the stock to consolidate in the range of 1080 to 1130 levels and the stock moved between 1070 on downside to 1121 on upside during the week.

Since last 2 weeks the stock has been consolidating in this range and forming Doji pattern on weekly charts indicating the indecision among the traders about the further direction of the stock.

So coming week if the stock manages to close above the levels of 1120 the stock can move to the levels of 1140 to 1150 where upper end of the channel is positioned.

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

Support for the stock lies in the range of 1080 to 1100 where short term moving averages are positioned.

Broad range for the stock in the coming week can be 1070 – 1090 on lower side to 1140 – 1160 on upper side.

CNX Energy Outlook for Next Week (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for CNX Energy for week (August 03, 2015 – August 07, 2015):

 

CNX ENERGY:

 

CNXENERGY

CNX ENERGY index closed the week on negative note losing more than 2%.

The index has formed a Evening star pattern on weekly charts in an uptrend indicating the trend reversal. If the index closes below the levels of 8650 the index can move to the levels of 8400.

The index has formed a Shooting Star pattern on monthly charts in an uptrend indicating the trend reversal. If the index closes below the levels of 8650 the index can move to the levels of 8400.

The index has to close above the levels of 9000 to negate bearish pattern on weekly and monthly charts.

Support for the index lies in the zone of 8600 to 8650 where 100 Daily SMA and 500 Daily SMA are positioned.

Resistance for the index is lying in the zone of 8700 to 8800 where 200 Daily SMA and trend-line are positioned.

Broad range for the index is seen between 8500 to 8550 on downside to 8900 to 8950 on upside.

CNX Auto Outlook for Next Week (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for CNX Auto for week (August 03, 2015 – August 07, 2015):

 

CNX AUTO:

 

CNXAUTO

CNX AUTO index closed the week on positive note gaining around 1%.

As we have mentioned last week that the index has formed a Evening Star pattern in an uptrend indicating the trend reversal and the index corrected to the levels of 8236 during the week. The index recovered during the week to close the week on high around the strong resistance zone of 8550 to 8600.

The index is approaching towards the strong resistance zone of 8600 where upper end of channel is positioned.

If the index manages to close above the levels of 8650, in index will break-out of the 3 months consolidation and the index can move to the levels of 8800.

Support for the index lies in the zone of 8300 to 8400 where short term and long term moving averages are positioned.

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 (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for CNX Pharma for week (August 03, 2015 – August 07, 2015):

 

CNX PHARMA:

 

CNXPHARMA

CNX PHARMA index closed the week on positive note gaining around 1%.

As we have suggested last week that the support for the index lies in the zone of 11800 to 12000 where 200 Daily SMA is lying and the index hit a low of 11870 and recovered during the week to close at the high of 12362 levels.

The index has formed a Hammer pattern on weekly charts indicating the trend reversal. The index has formed a Shooting star pattern on monthly charts in an uptrend.

The index has to sustain above the levels of 13200 on closing basis on monthly charts to negate this pattern. If the index closes below the levels of 11800 the index can drift to the levels of 11200.

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 100 Daily SMA is lying. Above the levels of 12500 the index can move to the levels of 12800.

Broad range for the index is seen from 11800 to 12000 on downside to 12800 to 13000 on upside.

CNX FMCG Outlook for Next Week (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for CNX FMCG for week (August 03, 2015 – August 07, 2015):

 

CNX FMCG:

 

cnxfmcg

 

 

CNX FMCG index closed the week on gaining more than 3%.

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 20968 during the week.

The index has taken the support around the zone of 20000 to 20100 where 50 Daily EMA, 100 Daily SMA and trend-line support are positioned.

Support for the index lies in the range of 20200 to 20500 where short term and long term moving averages are positioned.

Resistance for the index lies in the zone of 21100. If the index manages to cross above the resistance zone of 21100 the index can move to the levels of 21600.

Broad range for the index in the coming week is seen from 20200 on downside to 21500 on upside.

CNX IT Outlook for Next Week (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for CNX IT for week (August 03, 2015 – August 07, 2015):

 

CNX IT:

 

cnxit

 

 

CNX IT index closed the week on positive note gaining more than 1%.

As we have mentioned last week that the index has to sustain above the levels of 11600 to breakout of the channel pattern or else the index can fall to the levels of 11000, the index hit a low of 11300 during the week. The index also fill the gap which was created on the 21/07/2015 when the index opened gap up on back of INFY results.

The index closed the week above the strong resistance zone of 11600 where 100 Daily SMA and 200 Daily SMA are positioned.

The index has formed a Bullish engulfing pattern on monthly charts. If the index manages to close above the levels of 11800 the index will break-out of the 3 months consolidation.

If the index manages to close above the levels of 11800 the index can move to the levels of 12800 to 13000 in 1 to 2 months time frame.

Support for the index lies around the levels of 11300 where short term moving averages and trend-line support are lying.

Broad range for the index in the coming week is seen from 11200 on downside to 12000 on upside.

Bank Nifty Outlook for Next Week (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for Bank Nifty for week (August 03, 2015 – August 07, 2015):

 

BANK NIFTY:

 

banknifty

Bank Nifty ended the week on absolutely flat note.

As we have suggested last week that the index has formed a Bearish engulfing pattern on weekly charts and index corrected to the levels of 18187 before recovering to end the week on high around the levels of 18700.

This week the index has formed a Hammer pattern in downtrend indicating the trend reversal.

As seen from the charts above if the index manages to close above the levels of 18850 the index can move to the levels of 19200 where upper end of downward sloping channel is positioned.

On 04/08/2015, RBI is announcing the quarterly policy which will decide the direction of the markets going forward.

Technically the support for the index lies in the zone of 18400 to 18600 where short term & long term moving averages are positioned.

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

Nifty Outlook for Next Week (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for Nifty for week (August 03, 2015 – August 07, 2015):

 

NIFTY:

 

nifty

 

 

Nifty ended the week on absolutely flat note.

As we have suggested last week that the index has the support around the levels of 8350 and the index hit a low of 8321 and bounced back.

On weekly charts the index has formed a Hammer pattern in downtrend indicating the trend reversal.

Above the levels of 8550 the index can move to the levels of 8700 where upper end of channel is positioned.

On 04/08/2015, RBI is announcing the quarterly policy which will decide the direction of the markets going forward.

Technically the index is poised to move forward towards the levels of 8800.

Support for the index lies in the zone of 8350 to 8400 where short term & long term moving averages and channel support are positioned.

Range of the week is seen from 8350 to 8400 on downside to 8700 to 8750 on upside.