Share Market Tips for – Wednesday, September 30, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that BankNifty is strong and yet in positive zone as of now. EquityPandit also predicted that if RBI announces 50 bps rate cut then we could see sharp positive movement and exactly same happened. Nifty opened gap negative and continued with its negative journey. Nifty saw strong support near EquityPandit’s predicted support levels of 7680. Interestingly, Sensex saw lows right at EquityPandit’s predicted support levels of 25287 like a dot. Market recovered sharply after RBI announced a 50 bps cut in Repo Rate. Huge volatility was seen as predicted by EquityPandit. Nifty saw strong resistance right at EquityPandit’s predicted resistance levels of 7930 like a dot. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open positive. Technically, Nifty is in negative trend whereas BankNifty is in positive trend as of now. Nifty would enter into positive zone once it breaches levels of 7931 by closing whereas BankNifty would enter into negative trend once it breaches levels of 16953 by closing. So, traders should wait for either of two to happen. If Nifty breaches levels of 7931 on the positive side then traders can undoubtedly take long positions in BankNifty or Nifty but If BankNifty breaches levels of 16953 by closing then we would see new 52 week lows in Nifty and BankNifty and traders should go short in that case. For now, trend looks positive for Indian Stock Market. FIIs were net sellers of Rs.1112.59 crores whereas DIIs were net buyers of Rs.876.20 crores in last trading session. Nifty would see strong support at 7785-7736-7678-7625 whereas strong resistance would be seen at 7895-7930-8000-8021 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: (7843) The support for the Nifty is 7785-7736-7678-7625 and the resistance to the up move is at 7895-7930-8000-8021 levels.

NSE BankNifty: (17281) The support for BankNifty is at 16953-16875-16780-16680 and the resistance to the up move is at 17354-17570-17660-17850 levels.

BSE Sensex: (25779) The support for the Sensex is at 25530-25395-25287-25118 and the resistance to the up move is at 25820-25950-26040-26340 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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Share Market Tips for – Tuesday, September 29, 2015

EquityPandit

Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that market would see some volatility but would wait till Tuesday for further movement until RBI Credit Policy and exactly same happened. Market was lack lusture without any movement for the whole trading session. Sensex saw strong resistance near EquityPandit’s predicted resistance levels of 25950. In the end market fell down sharply. Nifty saw lows right at EquityPandit’s predicted support levels of 7785 like a dot. BankNifty also saw lows right near EquityPandit’s predicted support levels of 17060. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open gap negative with 50-100 points for Nifty. Today, Indian Stock Market would see huge volatility as RBI Credit Policy would be disclosed at 11 AM. EquityPandit expects 25bps rate cut by RBI and it is already discounted in the market. If it happens, we may see a very small positive movement and then again market would consolidated. Yes, if fortunately RBI cuts 50 bps then we would see sharp jump in the market and Nifty may cross levels of 8000 in that case. No Rate Cut would definitely force Nifty to see sharp breakdown. Nifty is currently in negative zone but Bank Nifty is still strong for now and yet in positive zone. Traders should wait for RBI to disclose its credit policy and act as suggested by EquityPandit. Bank Nifty would enter into negative zone once it breaches levels of 16975 by closing and if it happened, we would see new 52 week lows in Nifty. FIIs were net sellers of Rs.650.01 crores whereas DIIs were net buyers of Rs.505.59 crores in last trading session. Nifty would see strong support at 7785-7736-7678-7625 whereas strong resistance would be seen at 7895-7930-8000-8021 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: (7796) The support for the Nifty is 7785-7736-7678-7625 and the resistance to the up move is at 7895-7930-8000-8021 levels.

NSE BankNifty: (17100) The support for BankNifty is at 16875-16780-16680-16436 and the resistance to the up move is at 17354-17570-17660-17850 levels.

BSE Sensex: (25617) The support for the Sensex is at 25530-25395-25287-25118 and the resistance to the up move is at 25820-25950-26040-26340 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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Share Market Tips for – Monday, September 28, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat. EquityPandit predicted that market would see cyclical movement till RBI Credit Policy, maintaining the same range. EquityPandit also predicted that the only strategy is to buy on dips and sell on positive movement and exactly same happened. Indian Stock Market opened flat with negative bias and the trade here was to buy on dips. Traders who followed EquityPandit’s advice might have earned huge profits for the the day. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open gap negative. There was a huge volatility in global market in last two trading sessions. Indian Stock Market may see volatility today but would wait for RBI Credit Policy on Tuesday, September 29, 2015. EquityPandit expects 25bps rate cut by RBI on tuesday and it is already discounted in the market. If it happens, we may see a very small positive movement and then again market would consolidated. Yes, if fortunately RBI cuts 50 bps then we would see sharp jump in the market and Nifty may cross levels of 8000 in that case. No Rate Cut would definitely force Nifty to see sharp breakdown. Nifty is currently in negative zone but Bank Nifty is still strong for now and yet in positive zone. Low risk trade is to go long in BankNifty and hedge it with shorts in Nifty and BankNifty 18000 call options. Bank Nifty would enter into negative zone once it breaches levels of 16975 by closing and if it happened, we would see new 52 week lows in Nifty. FIIs were net sellers of Rs.115.10 crores whereas DIIs were net buyers of Rs.50.67 crores in last trading session. Nifty would see strong support at 7800-7785-7736-7678 whereas strong resistance would be seen at 7930-8000-8021-8055 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: (7869) The support for the Nifty is 7800-7785-7736-7678 and the resistance to the up move is at 7930-8000-8021-8055 levels.

NSE BankNifty: (17197) The support for BankNifty is at 17060-16875-16780-16680 and the resistance to the up move is at 17354-17570-17660 levels.

BSE Sensex: (25864) The support for the Sensex is at 25670-25530-25395-25287 and the resistance to the up move is at 25950-26040-26340 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

Colgate Palmolive Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for Colgate Palmoilve for the week (September 28, 2015 – October 02, 2015):

 

COLGATE PALMOLIVE:

 

 

COLPAL

 

 

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

The stock was trading ex-bonus this week.

Support for the stock lies in the zone of 927 where the stock has made a double bottom. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 880 to 900 where channel support for the stock is lying.

Resistance for the stock lies in the zone of 980 to 990 where 100 and 200 Daily SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 1020 where upper end of the channel is positioned.

Broad range for the stock is seen between 920 to 930 on lower end and 980 to 990 on upper end.

Dabur Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for DABUR for the week (September 28, 2015 – October 02, 2015):

 

DABUR:

 

 

DABUR

 

 

Dabur closed the week on absolutely flat note.

During the week the stock was trading in the tight range of 273 on downside to 280 on upside.

Resistance for the stock lies in the zone of 280 to 285, where 100 Daily SMA is positioned. If the stock manages to close above this levels the stock can move to the levels of 300.

Support for the stock lies in the range of 265 to 270 where 200 Daily SMA is positioned. If the stock closes below the support zone of 265 the stock can drift to the levels of 250 where long term trend-line support for the stock is lying.

Broad range for the stock is seen between 260 to 265 on lower end and 290 to 295 on upper end.

Hindustan Unilever Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for Hindustan Unilever for the week (September 28, 2015 – October 02, 2015):

 

HINDUSTAN UNILEVER:

 

 

HINDUNILVR

 

 

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

As we have mentioned last week that support for the stock lies in the range of 775. If the stock breaks below the levels of 775 on closing basis then the stock can drift to the levels of 730 to 740 where channel support and 500 Daily SMA are positioned. The stock manages to hit a low of 776 during the week and close the week around the levels of 782.

Support for the stock lies in the range of 775. If the stock breaks below the levels of 775 on closing basis then the stock can drift to the levels of 730 to 740 where channel support and 500 Daily SMA are positioned.

Resistance for the stock lies in the zone of 810 to 820 where trend-line resistance are positioned. If the stock manages to close above the levels of 820 the stock can move to the levels of 860 where upward moving trend-line is positioned.

Broad range for the stock in coming week is seen between 760 to 770 on downside and 830 to 840 on upside.

ITC Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for ITC for the week (September 28, 2015 – October 02, 2015):

 

ITC:

 

 

ITC

 

 

ITC closed the week on positive note gaining more than 1.4%.

As we have mentioned last week that support for the stock lies in the zone of 305 to 310. If the stock breaks below the levels of 305 on closing basis the stock can drift to the levels of sub 300. The stock manages to hit a low of 307 and bounce back to close the week around the levels of 322.55.

Support for the stock lies in the zone of 310 to 315 where 100 Daily SMA and 200 Weekly SMA are positioned. If the stock breaks below the levels of 305 on closing basis then the stock can drift to the levels of sub 300.

The stock is trading around the strong resistance zone of 320 to 325. If the stock manages to close above the levels of 325 the stock can move to the levels of 335 to 340 where 200 and 500 Daily SMA are lying.

Broad range for the stock in coming week is seen between 305 to 310 on downside and 330 to 335 on upside.

Cipla Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for Cipla for the week (September 28, 2015 – October 02, 2015):

 

CIPLA:

 

 

CIPLA

 

 

CIPLA closed the week on negative note losing around 1.3%.

As we have mentioned last week that if the stock breaks below the levels of 650 on closing basis then the stock can drift to the strong support zone of 620 to 630. If the stock moves below the levels of 620 on closing basis then stock can drift to the levels of 580. During the week the stock manages to hit a low of 633 and bounce to close the week around the levels of 643.

Resistance for the stock lies in the zone of 660 to 670 where 100 and 200 Daily SMA are positioned above which the stock can move to the levels of 680 to 700.

Support for the stock lies in the range of 620 to 630 where long term trend-line and upward moving trend-line for the stock are positioned. If the stock breaks below the levels of 620 on closing basis then the stock can drift to the levels of 570 to 580.

Broad range for the stock is seen in the range of 620 – 630 on downside to 660 – 670 on upside.

Dr. Reddy Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (September 28, 2015 – October 02, 2015):

 

DR. REDDY:

 

 

DRREDDY

 

 

Dr Reddy closed the week on negative note losing around 0.9%.

As we have mentioned last week that if the stock closes below the levels of 3950 the stock can drift to the levels of 3750 to 3800. During the week the stock manages to hit a low of 3857 and bounce to close the week around the levels of 3970.

On daily charts the stock has formed a double bottom at around the levels of 3850. The stock is moving in the declining triangle pattern. If the stock manages to close above the declining triangle pattern positioned around the levels of 4020 then the stock can hit the targets of around 4200. Support for the stock lies in the range of 3850 to 3900 where the stock has formed a double bottom pattern. If the stock breaks below this levels then the stock can drift to the levels of 3700 where trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 4000 to 4020 where 50 Daily EMA and declining triangle trend-line are positioned. If the stock manages to close above this levels then the stock can move to the levels of 4200.

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

Broad range for the stock is seen from 3850 – 3900 on downside to 4150 – 4200 on upside.

Lupin Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for Lupin for the week (September 28, 2015 – October 02, 2015):

 

LUPIN:

 

 

LUPIN

 

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 1900 to 1950 where downward sloping trend-line is positioned. If the stock manages to close above the levels of 1950 the stock can move to the levels of 2100. During the week the stock manages to move above the resistance zone of 1920 and hit a high of 2003 levels.

Support for the stock lies in the range of 1900 to 1920 from where the stock has broken out of the declining trend-line resistance.

The stock is in strong uptrend and the stock is approaching towards the all time high around the levels of 2100.

Broad range for the stock is seen from 1910 – 1930 on downside to 2060 – 2080 on upside.

Sun Pharma Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for Sun Pharma for the week (September 28, 2015 – October 02, 2015):

 

SUN PHARMA:

 

 

SUNPHARMA

 

 

SUN PHARMA closed the week on negative note losing around 1.5%.

As we have mentioned last week that resistance for the stock lies in the range of 920 to 930. If the stock manages to close above the levels of 920 the stock can move to the levels of 960 from where the stock has retraced couple of times in last 2 months. The stock manages to hit a high of 913 during the week.

During the week the stock was trading in very tight range of 890 on lower end to 915 on upper end. A breakout on either side will move the stock further 2% to 4% in that direction.

Support for the stock lies in the zone of 860 to 880 where 100 Daily SMA and long term support trend-line are positioned. If the stock moves below this levels then the stock can drift to the levels of 810 where long term support for the stock is lying.

Resistance for the stock lies in the range of 910 to 920 where 200 Daily SMA is positioned. If the stock manages to close above the levels of 920 the stock can move to the levels of 960 from where the stock has retraced couple of times in last 2 months.

Broad range for the stock in the coming week can be 860 – 880 on lower side to 930 – 940 on upper side.

Wipro Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for Wipro for the week (September 28, 2015 – October 02, 2015):

 

WIPRO:

 

 

WIPRO

 

 

Wipro closed the week on positive note gaining around 1.8%.

As we have mentioned last week that the resistance for the stock lies in the zone of 590 to 600 above which the stock can move to the levels of 620 to 630 where upper end of the channel is positioned. During the week the stock manages to hit a high of 605.

The stock has managed to close above the resistance zone of 600. Above the resistance zone of 600 the stock can move to the levels of 620 to 630 where upper end of the channel is positioned.

Support for the stock lies in the zone of 570 to 580 where 200 Daily SMA are positioned.

Broad range for the stock in the coming week is seen between 570 to 580 on downside to 620 to 630 on upside.

HCL Tech Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for HCL Tech for the week (September 28, 2015 – October 02, 2015):

 

HCL TECHNOLOGIES:

 

 

HCLTECH

 

 

HCL Technologies (NSE: HCLTECH) closed the week on positive note gaining around 0.50%.

As we have mentioned last week that resistance for the stock lies in the range of 960 to 980. If the stock closes above this levels then the stock can move to the levels of 1000 where upward sloping trend-line is positioned. During the week the stock has attempted couple of times to move out of the resistance zone of 1060 to 1080 levels but could not succeeded. The stock manages to hit a high of 969 during the week.

Strong support for the stock lies in the zone of 920 to 930 where 100 and 200 Daily SMA are positioned. Below the levels of 920 on closing basis the stock can drift to the levels of sub 900.

Resistance for the stock lies in the range of 960 to 980. If the stock closes above this levels then the stock can move to the levels of 1000 where upward sloping trend-line is positioned.

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

TCS Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for TCS for the week (September 28, 2015 – October 02, 2015):

 

TATA CONSULTANCY SERVICES:

 

 

TCS

 

 

TCS closed the week on positive note gaining around 1%

As we have mentioned last week that if the stock drifts below the levels of 2500 on closing basis, then the stock can move to the levels of 2400 where medium term support for the stock lies. During the week the stock hit a low of 2490 and bounce back to close the week around the levels of 2580.

The stock has closed at around the upper band of the trading band of 2500 to 2600 in which the stock is moving since last 15 days. If the stock manages to close above the levels of 2600 the stock can move to the levels of 2650.

Support for the stock lies in the range of 2550 where 100 and 200 Daily SMA are positioned.

The stock has been taking support around the lower end of the channel in which the stock is moving since April – 2015. The lower end of the channel is lying around the levels of 2500 to 2520.

Broad range for the stock in the coming week is seen between 2450 to 2500 on downside to 2600 to 2650 on upside.

Infosys Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for Infosys for the week (September 28, 2015 – October 02, 2015):

 

INFOSYS:

 

 

INFY

 

 

INFOSYS  (NSE: INFY) closed the week on positive note gaining more than 3%.

As we have mentioned last week that resistance for the stock lies in the zone of 1110 to 1120. If the stock closes above this levels then the stock can move to the levels of 1140 to 1150. During the week the stock manages to hit a high of 1152 and close the week around the levels of 1140.

Support for the stock lies in the range of 1100 to 1120 from where the stock has broken out. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 1060 to 1080 where 100 Daily SMA is lying.

The stock is in strong uptrend. If the stock manages to close above the levels of 1155 then the stock can move to the levels of 1180 to 1200.

Broad range for the stock in the coming week is seen between 1100 to 1120 on downside to 1180 to 1200 on upside.

SBI Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for SBI for the week (September 28, 2015 – October 02, 2015):

 

STATE BANK OF INDIA:

 

 

SBIN

 

 

State Bank Of India (NSE: SBIN) closed the week on negative note losing around 1.2%.

As we have mentioned last week that resistance for the stock lies in the range of 245 to 250. If the stock manages to close above the levels of 250 the stock can move to the levels of 265 where 100 Daily SMA is positioned. During the week the stock manages to hit a high of 248 and retraced back to close the week around the levels of 239.

The stock has closed around the strong support zone of 235 to 240 where 500 Daily SMA and long term trend-line support for the stock are positioned. If the stock moves below this levels the stock can drift to the levels of 220 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the stock lies in the range of 245 to 250. If the stock manages to close above the levels of 250 the stock can move to the levels of 260 where 100 Daily SMA is positioned.

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

Broad range for the stock in the coming week can be 220 – 225 on lower side to 255 – 260 on upper side.

Axis Bank Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for Axis Bank for the week (September 28, 2015 – October 02, 2015):

 

AXIS BANK:

 

 

AXISBANK

 

 

Axis Bank closed the week on negative note losing around 0.6%.

As we have mentioned last week that support for the stock lies in the range of 500. If the stock moves below the levels of 500 on closing basis then the stock can drift to the levels of 470 to 480. During the week the stock hit a low of 497 and bounce to close the week around the levels of 514.

Support for the stock lies in the range of 500. If the stock moves below the levels of 500 on closing basis then the stock can drift to the levels of 470 to 480.

Resistance for the stock lies in the zone of 525 where 50 EMA is lying. 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.

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

Broad range for the stock in the coming week can be 470 – 480 on lower side to 530 – 540 on upper side.

ICICI Bank Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for ICICI Bank for the week (September 28, 2015 – October 02, 2015):

 

ICICI BANK:

 

 

ICICIBANK

 

 

ICICI Bank closed the week on negative note losing around 3.5%.

As we have mentioned last week that resistance for the stock lies in the range of 285 to 290 where 1000 Daily and 100 Weekly SMA are positioned. If the stock manages to move above this levels the stock can move to the levels of 300 where 100 Daily SMA is positioned. During the week the stock hit a high of 280 and retraced to close the week around the levels of 268.

Strong support for the stock lies in the range of 260 to 265 where long term trend-line and downward sloping trend-line are positioned below which the stock can drift to the levels of around 220.

Resistance for the stock lies in the range of 285 to 290 where 1000 Daily and 100 Weekly SMA are positioned. If the stock manages to move above this levels the stock can move to the levels of 300 where 100 Daily SMA is positioned.

Broad range for the stock in the coming week can be 250 – 260 on lower side to 290 – 300 on upper side.

HDFC Bank Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for HDFC Bank for the week (September 28, 2015 – October 02, 2015):

 

HDFC BANK:

 

 

HDFCBANK

 

 

HDFC Bank closed the week on absolutely flat note.

As we have mentioned last week that support for the stock lies in the range of 1020 to 1030. If the stock drifts below the levels of 1020 the stock can move to the 1000 levels. During the week the stock manages to hit a low of 1019 and bounce to close the week around the levels of 1051.

The stock has been facing stiff resistance in the zone of 1055 to 1060. If the stock manages to move above the levels of 1060 on closing basis the stock can move to the levels of 1100.

Support for the stock lies in the zone of 1020 to 1030 where 200 Daily SMA is lying. If the stock breaks below the levels of 1020 on closing basis then the stock can drift to the levels of 980 to 1000.

Broad range for the stock in the coming week can be 1010 – 1030 on lower side to 1060 – 1080 on upper side.

CNX Energy Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for CNX Energy for the week (September 28, 2015 – October 02, 2015):

 

CNX ENERGY:

 

 

CNXENERGY

 

 

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

As we have mentioned last week that support for the index lies in the zone of 7500 to 7600 where short term moving averages are positioned. If the index broke below the levels of 7500 on closing basis then the index can drift to the levels of 7300. The index has close the week around the levels of 7491.

The index has been moving in the range of 7300 on downside to 7800 on upside since last 4 weeks. A break of the index on either side can move the index further 5% to 7% in that direction.

Support for the index lies in the zone of 7500. If the index broke below the levels of 7500 on closing basis then the index can drift to the levels of 7300.

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

Broad range for the index is seen between 7400 to 7450 on downside to 7900 to 8000 on upside.

CNX Auto Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for CNX Auto for the week (September 28, 2015 – October 02, 2015):

 

CNX AUTO:

 

 

CNXAUTO

 

 

CNX AUTO index closed the week on negative note losing around 1.5%.

As we have mentioned last week that the index has a strong support around the levels of 7650 where channel support for the index is positioned. If the index drifts below this levels the index can move to the levels of 7400. During the week the index manages to hit a low of 7611 and bounce to close the week around the levels of 7721.

Strong resistance for the index lies in the zone of 8000 to 8050 from where the index broke down. If the index manages to close above the levels of 8050 the index can move to the levels of 8200 to 8300 where 100 and 200 Daily SMA is positioned.

Support for the index lies in the zone of 7650. If the index manages to close below the levels of 7650 then the index can drift to the levels of 7400 where trend-line support for the index is lying.

The index is taking support around the levels of 7600 where 20 Monthly EMA is lying which the index has broken only once since May 2009. So we expect the index to hold the levels of 7600 on monthly closing basis.

Broad range for the index is seen from 7550 to 7600 on downside to 8000 to 8050 on upside.

CNX Pharma Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for CNX Pharma for the week (September 28, 2015 – October 02, 2015):

 

CNX PHARMA:

 

 

CNXPHARMA

 

 

CNX PHARMA index closed the week on positive note gaining around 0.6%.

As we have mentioned last week that support for the index lies in the zone of 12600 where short term moving averages are positioned. Below the levels of 12600 the index can drift to the levels of 12300 where 100 Daily SMA is positioned. During the week the index manages to hit a low of 12482 and bounce to close the week around the levels of 12826.

Resistance for the index lies in the zone of 12800 to 13000. If the index manages close above the levels of 13000 the index can move to the levels of 13300 to 13500.

Support for the index lies in the zone of 12600 where short term moving averages are positioned. If the index manages to move below the levels of 12600 on closing basis, then the index can drift to the levels of 12100 to 12300 where 100 and 200 Daily SMA are positioned.

Broad range for the index is seen from 12400 to 12600 on downside to 13000 to 13300 on upside.

CNX FMCG Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for CNX FMCG for the week (September 28, 2015 – October 02, 2015):

 

CNX FMCG:

 

 

CNXFMCG

 

 

CNX FMCG index closed the week on absolutely flat note.

As we have mentioned last week that below the levels of 19300 the index has the major support around the levels of 18500 to 19000 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the index manages hit a low of 18991 and close the week at 19485.

Since the month of March 2015 the index has been moving in the range of 19000 on downside to 21000 on upside. The index has been holding the levels of 19300 on monthly closing basis where 20 Monthly EMA is lying. The index has not broken 20 Monthly EMA since May 2009.

The index has formed a Hammer pattern on weekly charts in a downtrend indicating the trend reversal. Resistance for the index lies in the zone of 19500 to 19600. If the index manages to close above the levels of 19600 then the index can move to the levels of 20000 where 100 and 200 Daily SMA are positioned.

Support for the index lies in the zone of 19100 to 19300 where 500 Daily SMA and 100 Weekly SMA are positioned.

Broad range for the index in the coming week is seen from 18750 to 19000 on downside to 20000 to 20250 on upside.

CNX IT Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for CNX IT for the week (September 28, 2015 – October 02, 2015):

 

CNX IT:

 

 

CNXIT

 

 

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

As we have mentioned last week that the index has formed a Morning Star pattern in a downtrend on weekly charts. If the index manages to move above the levels of 11800 then the index can move to the levels of 12500. During the week the index manages to hit a high of 11971 and close the week at virtually the highest levels of the week.

If the index manages to close above the levels of 11800 on monthly basis, then the index will break-out of the 4 months consolidation.

Support for the index lies in the zone of 11400 to 11600 where 100 & 200 Daily SMA are positioned.

Resistance for the index lies in the zone of 11800 to 12000 where channel resistance for the index is positioned. If the index manages to close above the levels of 12000 then the index can move to the levels of 12300 to 12500.

Broad range for the index in the coming week is seen from 11600 on downside to 12300 on upside.

Bank Nifty Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (September 28, 2015 – October 02, 2015):

 

BANK NIFTY:

 

 

BANKNIFTY

 

 

Bank Nifty ended the week on negative note losing around 1.2%.

As we have mentioned last week that support for the index lies in the range of 16500 to 16750. If the index drifts below the level of 16500 on closing basis then the index can drift to the levels of 16000. During the week the index manages to hit a low of 16759 and bounce back to close the week around the levels of 17196.

Next week on 29/09/2015, RBI is announcing the credit policy. So we expect the markets to be highly volatile and the policy will decide the further direction of the markets.

The index has been facing stiff resistance around the levels of 17600. If the index manages to move above the levels of 17600 on closing basis then the index can move to the levels of 18000 to 18500 where 100 and 200 Daily SMA are positioned.

Support for the index lies in the zone of 16500 to 16750. If the index closes below this levels then the index can move to the levels of 15750 to 16000.

The index has formed a Doji pattern on weekly charts in an uptrend indicating the indecision amongst the traders about the further direction of the index.

Range for the week is seen from 16000 to 16500 on downside to 17500 to 18000 on upside.

Nifty Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for Nifty for week (September 28, 2015 – October 02, 2015):

 

NIFTY:

 

 

NSE Nifty

 

 

CNX Nifty ended the week on negative note losing around 1.5%.

As we have mentioned last week that the support for the index lies around the levels of 7750 to 7800. If the index breaks below the levels of 7750 on closing basis then the index can drift to the levels of 7500. During the week the index manages to hit a low of 7723 and bounce to close the week around the levels of 7868.

It seems the index is moving in the range of 7700 to 7750 on downside to 8000 to 8050 on upside.

If the index manages to close above the levels of 8050, then the index can move to the levels of 8250 to 8300 where 100 & 200 Daily SMA are positioned.

If the index manages to close below the levels of 7700, then the index can drift to the levels of 7550 to 7600 where 500 Daily SMA and 100 Weekly SMA are positioned.

Next week on 29/09/2015, RBI is announcing the credit policy. So we expect the markets to be highly volatile and the policy will decide the further direction of the markets.

Broad range for the week is seen from 7700 on downside to 8100 on upside.

Share Market Tips for – Thursday, September 24, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative. EquityPandit predicted that Nifty has entered into negative zone and now if Bank Nifty falls further then it would also enter into negative zone but anyhow, Bank Nifty saw a positive closing and hence still not confirmed negative trend. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open flat. Market is showing cyclical movement, one day positive and another day negative with overall maintaining the range. The only strategy for traders is to buy on dips and sell on every positive movement. Indian Stock Market would see consolidation until RBI Credit Policy. Today is the F&O Expiry day and we can witness huge volatility coming in. Some sharp profit booking can’t be ruled out at this point of time. Nifty has already entered into negative zone but Bank Nifty is still strong for now and yet in positive zone. Low risk trade is to go long in BankNifty and hedge it with shorts in Nifty. Bank Nifty would enter into negative zone once it breaches levels of 16975 by closing and if it happened, we would see new 52 week lows in Nifty. FIIs were net sellers of Rs.1330.12 crores whereas DIIs were net buyers of Rs.891.36 crores in last trading session. Nifty would see strong support at 7785-7736-7678-7625 whereas strong resistance would be seen at 7930-8000-8021-8055 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: (7846) The support for the Nifty is 7785-7736-7678-7625 and the resistance to the up move is at 7930-8000-8021-8055 levels.

NSE BankNifty: (17255) The support for BankNifty is at 16875-16780-16680-16515 and the resistance to the up move is at 17354-17570-17660 levels.

BSE Sensex: (25823) The support for the Sensex is at 25530-25395-25287-25119 and the resistance to the up move is at 25855-26040-26340 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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Share Market Tips for – Wednesday, September 23, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. BankNifty moved positive but saw strong resistance at EquityPandit’s predicted resistance levels of 17660 like a dot. Market was not able to sustain the positive trend and hence witnessed strong selling pressure. Market fell down sharply and BankNifty closed right at EquityPandit’s predicted support levels of 17028 like a dot. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open gap negative. Nifty has entered into negative zone and today, if market falls further than Bank Nifty would also enter into negative zone. Traders should go short at this point of time. Global market was hurt by Volkswagen news and hence witnessed strong selling. Today’s downfall would confirm a long downtrend and Nifty may again head towards recent lows of 7540 levels. FIIs were net sellers of Rs.1052.24 crores whereas DIIs were net buyers of Rs.378.26 crores in last trading session. Nifty would see strong support at 7785-7736-7678-7625 whereas strong resistance would be seen at 7930-8000-8021-8055 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: (7812) The support for the Nifty is 7785-7736-7678-7625 and the resistance to the up move is at 7930-8000-8021-8055 levels.

NSE BankNifty: (17031) The support for BankNifty is at 16875-16780-16680-16515 and the resistance to the up move is at 17225-17354-17570-17660 levels.

BSE Sensex: (25652) The support for the Sensex is at 25530-25395-25287-25119 and the resistance to the up move is at 25725-25855-26040-26340 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

Share Market Tips for – Tuesday, September 22, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative. EquityPandit predicted that market would remain choppy and exactly same happened. Nifty fell down sharply and saw strong supports at EquityPandit’s predicted support levels of 7900. Bank Nifty too saw strong support near EquityPandit’s predicted support levels of 17150. Finally, market recovered from day lows led by banking sector and saw highs right at EquityPandit’s predicted resistance levels of 17570 like a dot. Market closed flat but BankNifty managed to close green for the day.

Today: Indian Stock Market would open flat with positive bias. Currently, market is still in no trading region and traders should wait for market to see some stable direction before taking any positions home. Overall, Market is in positive trend and Indian Stock Market looks stronger then it global peers. Any positions if taken should be in positive direction. FIIs were net buyers of Rs.154.87 crores whereas DIIs were net buyers of Rs.104.08 crores in last trading session. Nifty would see strong support at 7950-7900-7856-7797 whereas strong resistance would be seen at 8005-8055-8091-8140 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: (7977) The support for the Nifty is 7950-7900-7856-7797 and the resistance to the up move is at 8005-8055-8091-8140 levels.

NSE BankNifty: (17542) The support for BankNifty is at 17410-17150-17028-16875 and the resistance to the up move is at 17570-17660-17850-17980 levels.

BSE Sensex: (26193) The support for the Sensex is at 25970-25815-25671 and the resistance to the up move is at 26302-26505-26670 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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Share Market Tips for – Monday, September 21, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive. EquityPandit predicted that market would move positive but the uncertainty of Fed Rate Hike would keep market choppy and consolidated and exactly same happened. Indian Stock Market moved sharply positive but consolidated there for the whole day and finally, some profit booking was seen in the market. Anyhow, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open gap negative. Today market would see some sharp profit booking and the uncertainty of FED Rate Hike would keep market choppy. As EquityPandit predicted earlier that if Fed doesn’t see rate hike then market would fall down further with choppy trades and same is going to happen. Traders should go short at this point of time. Now, all the eyes are set on RBI Credit policy which can save Indian Stock market at this point of time from falling further. FIIs were net buyers of Rs.643.51 crores whereas DIIs were net buyers of Rs.415.09 crores in last trading session. Nifty would see strong support at 7950-7900-7856-7797 whereas strong resistance would be seen at 8005-8055-8091-8140 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: (7982) The support for the Nifty is 7950-7900-7856-7797 and the resistance to the up move is at 8005-8055-8091-8140 levels.

NSE BankNifty: (17409) The support for BankNifty is at 17150-17028-16875-16780 and the resistance to the up move is at 17570-17660-17850 levels.

BSE Sensex: (26219) The support for the Sensex is at 26005-25815-25671 and the resistance to the up move is at 26302-26505-26670 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

Colgate Palmolive Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for Colgate Palmoilve for the week (September 21, 2015 – September 25, 2015):

 

COLGATE PALMOLIVE:

 

 

COLPAL

 

 

Colgate Palmolive (NSE: COLPAL) closed the week on positive note gaining more than 5%.

As we have mentioned last week that resistance for the stock lies in the zone of 1850 to 1900 above which the stock can move to the levels of 1950 to 1980 where 100 and 200 Daily SMA are positioned. The stock manages to hit a high of 2004 on 18/09/2015 but could not sustain above the major resistance zone of 1950 to 1980 and close the week around the levels of 1945.

Support for the stock lies in the range of 1850 to 1870 below which the stock can drift to the levels of 1750 to 1780.

Resistance for the stock lies in the zone of 1950 to 1980 where 100 and 200 Daily SMA are positioned. If the stock manages to close above the levels of 2000 then the stock can move to the levels of 2050 to 2060 where trend-line resistance for the stock is lying.

Broad range for the stock is seen between 1800 to 1850 on lower end and 2000 to 2050 on upper end.

Dabur Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for DABUR for the week (September 21, 2015 – September 25, 2015):

 

DABUR:

 

 

DABUR

 

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 285 to 290, above this levels the stock can move to the levels of 315. The stock manages to hit a high of 285 during the week and sold off to the levels of 270.

Resistance for the stock lies in the zone of 280 to 285, above this levels the stock can move to the levels of 300.

Support for the stock lies in the range of 265 to 275 where 100 and 200 Daily SMA are positioned. If the stock closes below the support zone of 265 the stock can drift to the levels of 250 where long term trend-line support for the stock is lying.

Broad range for the stock is seen between 260 to 265 on lower end and 290 to 295 on upper end.

Hindustan Unilever Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for Hindustan Unilever for the week (September 21, 2015 – September 25, 2015):

 

HINDUSTAN UNILEVER:

 

 

HINDUNILVR

 

 

Hindustan Unilever (NSE: HINDUNILVR) closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 810 to 820 where trend-line resistance are positioned. If the stock manages to close above the levels of 820 the stock can move to the levels of 860 where upward moving trend-line is positioned. The stock manages to hit a high of 816 on 18/09/2015 but could not sustain above it and close the week around the levels of 797.

The stock has formed a Bullish Harami pattern on weekly charts indicating the exhaustion in selling pressure.

Support for the stock lies in the range of 775. If the stock breaks below the levels of 775 on closing basis then the stock can drift to the levels of 730 to 740 where channel support and 500 Daily SMA are positioned.

Resistance for the stock lies in the zone of 810 to 820 where trend-line resistance are positioned. If the stock manages to close above the levels of 820 the stock can move to the levels of 860 where upward moving trend-line is positioned.

Broad range for the stock in coming week is seen between 760 to 770 on downside and 830 to 840 on upside.

ITC Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for ITC for the week (September 21, 2015 – September 25, 2015):

 

ITC:

 

 

ITC

 

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 315 to 320. If the stock manages to close above the levels of 320 the stock can move to the levels of 325 to 330 where 200 and 500 Daily SMA are lying. The stock manages to hit a high of 328 during the week but could not close above the levels of 320.

Support for the stock lies in the zone of 305 to 310. If the stock breaks below the levels of 305 on closing basis the stock can drift to the levels of sub 300.

Resistance for the stock lies in the zone of 320 to 325. If the stock manages to close above the levels of 325 the stock can move to the levels of 335 to 340 where 200 and 500 Daily SMA are lying.

Broad range for the stock in coming week is seen between 305 to 310 on downside and 330 to 335 on upside.

Wipro Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for Wipro for the week (September 21, 2015 – September 25, 2015):

 

WIPRO:

 

WIPRO

 

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

As we have mentioned last week that the stock was facing resistance around the zone of 570 to 580 where trend-line and 200 Daily SMA are positioned. If the stock manages to close above the levels of 580 the stock can move to the levels of 600 where upward moving channel for the stock is lying. The stock manages to hit a high of 595 during the week.

Support for the stock lies in the zone of 570 to 580 where short term moving averages and 200 Daily SMA are positioned.

Resistance for the stock lies in the zone of 590 to 600 above which the stock can move to the levels of 620 to 630 where upper end of the channel is positioned.

Broad range for the stock in the coming week is seen between 560 to 570 on downside to 600 to 620 on upside.

HCL Tech Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for HCL Tech for the week (September 21, 2015 – September 25, 2015):

 

HCL TECHNOLOGIES:

 

 

HCLTECH

 

 

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

As we have mentioned last week that strong resistance for the stock lies in the range of 930 to 940 where 200 Daily SMA is positioned. If the stock manages to close above this levels the stock can move to the levels of 960. The stock manages to hit a high of 955 during the week.

Strong support for the stock lies in the zone of 920 to 930 where short term moving averages are positioned. Below the levels of 920 on closing basis the stock can drift to the levels of sub 900.

Resistance for the stock lies in the range of 960 to 980. If the stock closes above this levels then the stock can move to the levels of 1000 where upward sloping trend-line is positioned.

Broad range for the stock in the coming week is seen between 920 to 930 on downside to 970 to 990 on upside.

TCS Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for TCS for the week (September 21, 2015 – September 25, 2015):

 

TATA CONSULTANCY SERVICES:

 

 

TCS

 

 

TCS closed the week on absolutely flat note.

During the week the stock has taken support around the lower end of upward moving channel and 100 & 200 Daily SMA are positioned around the levels of 2530 to 2550.

The stock has been moving in the tight range of 2530 on downside to 2580 on upside since last 10 days. A breakout on either side will move the stock further 3% to 4% in that direction.

If the stock manages to close above the levels of 2580 the stock can move to the levels of 2650.

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.

The stock has been forming a triangle pattern on daily basis, so breakout on either side will move the stock further 3% to 4% in that direction.

Broad range for the stock in the coming week is seen between 2450 to 2500 on downside to 2600 to 2650 on upside.

Infosys Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for Infosys for the week (September 21, 2015 – September 25, 2015):

 

INFOSYS:

 

 

INFY

 

 

INFOSYS  (NSE: INFY) closed the week on positive note gaining more than 1%.

As we have mentioned last week that resistance for the stock lies in the range of 1110 and if the stock manages to close above the levels of 1110 the stock can move to the levels of 1140. The stock manages to hit a high of 1118 during the week and close the week around the level s of 1104.

Support for the stock lies in the range of 1070 to 1080 where short term moving averages are lying. If the stock moves below this levels on closing basis then the stock can drift to the levels of 1040 to 1050 where trend-line support for the stock lies.

Resistance for the stock lies in the zone of 1110 to 1120. If the stock closes above this levels then the stock can move to the levels of 1140 to 1150.

Broad range for the stock in the coming week is seen between 1060 to 1070 on downside to 1140 to 1150 on upside.

Cipla Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for Cipla for the week (September 21, 2015 – September 25, 2015):

 

CIPLA:

 

 

CIPLA

 

 

CIPLA closed the week on absolutely flat note.

As we have mentioned last week that the stock is trading below the strong support zone of 660 where 100 and 200 Daily SMA are positioned.

During the week the stock traded in the tight range of 650 on downside to 665 on upside.

If the stock breaks below the levels of 650 on closing basis then the stock can drift to the strong support zone of 620 to 630. If the stock moves below the levels of 620 on closing basis the stock can drift to the levels of 580.

Resistance for the stock lies in the zone of 660 to 670 where short term moving averages are positioned above which the stock can move to the levels of 680 to 700.

Broad range for the stock is seen in the range of 620 – 630 on downside to 680 – 700 on upside.

Dr. Reddy Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (September 21, 2015 – September 25, 2015):

 

DR. REDDY:

 

 

DRREDDY

 

 

Dr Reddy closed the week on absolutely flat note.

As we have mentioned last week that the resistance for the stock lies in the zone of 4050 to 4100 where short term moving averages are positioned. If the stock manages to close above this levels then the stock can move to the levels of 4200. The stock manages to hit a high of 4050 during the week.

Support for the stock lies in the range of 3950. If the stock closes below the levels of 3950 the stock can drift to the levels of 3750 to 3800 where 100 Daily SMA and trend-line support for the stock are positioned.

Resistance for the stock lies in the zone of 4050 to 4100 where short term moving averages are positioned. If the stock manages to close above this levels then the stock can move to the levels of 4200.

Stock has been moving in the tight range of 3950 to 4050 since last 10 days. A breakout on either side will move the stock further 4% to 5% in that direction.

Broad range for the stock is seen from 3800 – 3850 on downside to 4150 – 4200 on upside.

Lupin Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for Lupin for the week (September 21, 2015 – September 25, 2015):

 

LUPIN:

 

 

LUPIN

 

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 1900 to 1950 where downward sloping trend-line are positioned. If the stock manages to close above the levels of 1950 the stock can move to the levels of 2100. The stock manages to hit a high of 1910 before closing the week around the levels of 1900.

Strong support for the stock lies in the range of 1830 to 1850 where short term moving averages are positioned. If the stock moves below this levels then the stock can drift to the levels of 1750 to 1800 where 100 and 200 Daily moving averages are positioned.

Resistance for the stock lies in the zone of 1900 to 1950 where downward sloping trend-line are positioned. If the stock manages to close above the levels of 1950 the stock can move to the levels of 2100.

Broad range for the stock is seen from 1770 – 1800 on downside to 1920 – 1950 on upside.

Sun Pharma Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for Sun Pharma for the week (September 21, 2015 – September 25, 2015):

 

SUN PHARMA:

 

 

SUNPHARMA

 

 

SUN PHARMA closed the week on positive note gaining around 7%.

As we have mentioned last week that resistance for the stock lies in the zone of 855 to 860. If the stock manages to close above this levels the stock can move to the levels of 890 to 900 where 100 Daily SMA and 200 Daily SMA are positioned. The stock manages to hit a high of 920 and close the week around the levels of 905.

Support for the stock lies in the zone of 860 to 870 below which the stock can drift to the levels of 810 where long term support for the stock is lying.

Resistance for the stock lies in the range of 920 to 930. If the stock manages to close above the levels of 920 the stock can move to the levels of 960 from where the stock has retraced couple of times in last 2 months.

Broad range for the stock in the coming week can be 850 – 860 on lower side to 930 – 940 on upper side.

SBI Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for SBI for the week (September 21, 2015 – September 25, 2015):

 

STATE BANK OF INDIA:

 

 

SBIN

 

 

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

As we have mentioned last week that the strong resistance for the stock lies in the range of 235 to 240 above which the stock can move to the levels of 255 to 260. The stock manages to hit a high of 247 during the week and close the week around the levels of 242.

Support for the stock lies in the range of 235 to 240 where 500 Daily SMA and long term trend-line support for the stock are positioned. If the stock moves below this levels the stock can drift to the levels of 220 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the stock lies in the range of 245 to 250. If the stock manages to close above the levels of 250 the stock can move to the levels of 265 where 100 Daily SMA is positioned.

Broad range for the stock in the coming week can be 220 – 225 on lower side to 255 – 260 on upper side.

Axis Bank Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for Axis Bank for the week (September 21, 2015 – September 25, 2015):

 

AXIS BANK:

 

 

AXISBANK

 

 

Axis Bank closed the week on positive note gaining around 7.5%.

As we have mentioned last week that if the stock manages to close above the levels of 500 to 510 the stock can move to the levels of 540 where 100 and 200 Daily SMA are positioned and the stock manages to hit a high of 520 and close the week around the levels of 517.

Support for the stock lies in the range of 500. If the stock moves below the levels of 500 on closing basis then the stock can drift to the levels of 470 to 480.

Resistance for the stock lies in the zone of 510 to 520. If the stock manages to close above the levels of 520 the stock can move to the levels of 550 where 100 and 200 Daily SMA are positioned.

Broad range for the stock in the coming week can be 470 – 480 on lower side to 530 – 540 on upper side.

ICICI Bank Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for ICICI Bank for the week (September 21, 2015 – September 25, 2015):

 

ICICI BANK:

 

 

ICICIBANK

 

 

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

As we have mentioned last week that resistance for the stock lies in the range of 270 to 275 where trend-line for the stock is positioned. If the stock manages to close above the levels of 275, the stock can move to the levels of 290. The stock manages to hit a high of 285.35 on 18/09/2015 and sold off to close the week around the levels of 277.85.

Strong support for the stock lies in the range of 260 to 265 where long term trend-line and downward sloping trend-line are positioned below which the stock can drift to the levels of around 220.

Resistance for the stock lies in the range of 285 to 290 where 1000 Daily and 100 Weekly SMA are positioned. If the stock manages to move above this levels the stock can move to the levels of 300 where 100 Daily SMA is positioned.

Broad range for the stock in the coming week can be 250 – 260 on lower side to 290 – 300 on upper side.

 

HDFC Bank Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for HDFC Bank for the week (September 21, 2015 – September 25, 2015):

 

HDFC BANK:

 

HDFCBANK

 

HDFC Bank 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 1020 where 200 Daily SMA is positioned then the stock can move to the level of 1040 where 100 Daily SMA is lying. The stock manages to hit a high of 1062 on 18/09/2015 and close the week around the levels of 1050.

Support for the stock lies in the range of 1020 to 1030. If the stock drifts below the levels of 1020 the stock can move to the 1000 levels.

Resistance for the stock lies in the zone of 1060 to 1080. If the stock manages to move above the levels of 1080 on closing basis the stock can move to the levels of 1120.

Broad range for the stock in the coming week can be 1010 – 1030 on lower side to 1060 – 1080 on upper side.

CNX Energy Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for CNX Energy for the week (September 21, 2015 – September 25, 2015):

 

CNX ENERGY:

 

 

CNXENERGY

 

 

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

As we have mentioned last week that if the index closes above the levels of 7500 for couple of days then the index can move to the levels of 7800 and the index manages to hit a high of 7825 during the week.

The index has been moving in the range of 7300 on downside to 7800 on upside since last 3 weeks. A break of the index on either side can move the index further 5% to 7% in that direction.

Support for the index lies in the zone of 7500 to 7600 where short term moving averages are positioned. If the index broke below the levels of 7500 on closing basis then the index can drift to the levels of 7300.

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

Broad range for the index is seen between 7500 to 7550 on downside to 7900 to 8000 on upside.

CNX Auto Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for CNX Auto for the week (September 21, 2015 – September 25, 2015):

 

CNX AUTO:

 

 

CNXAUTO

 

 

CNX AUTO index closed the week on absolutely flat note.

As we have mentioned last week that the index is approaching towards the strong resistance zone of 8000 to 8050 from where the index broke down. If the index manages to close above the levels of 8050 the index can move to the levels of 8300 where 100 Daily SMA is positioned. The index manages to hit a high of 7939 during the week.

During the week the index was trading in the tight range of 7750 on downside to 7950 on upside.

The index has a strong support around the levels of 7650 where channel support for the index is positioned. If the index drifts below this levels the index can move to the levels of 7400.

Strong resistance for the index lies in the zone of 8000 to 8050 from where the index broke down. If the index manages to close above the levels of 8050 the index can move to the levels of 8300 where 100 Daily SMA is positioned.

Broad range for the index is seen from 7600 to 7650 on downside to 8000 to 8050 on upside.

CNX Pharma Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for CNX Pharma for the week (September 21, 2015 – September 25, 2015):

 

CNX PHARMA:

 

 

CNXPHARMA

 

 

CNX PHARMA index closed the week on positive note gaining more than 3%.

As we have mentioned last week that the resistance for the index lies in the zone of 12600 from where the index has broken down the channel support and the index manages to move above that channel resistance and close the week around the levels of 12750.

Support for the index lies in the zone of 12600 where short term moving averages are positioned. Below the levels of 12600 the index can drift to the levels of 12300 where 100 Daily SMA is positioned.

Resistance for the index lies in the zone of 12800 to 13000. Above the levels of 13000 the index can move to the levels of 13300.

Broad range for the index is seen from 12300 to 12500 on downside to 13000 to 13300 on upside.

CNX FMCG Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for CNX FMCG for the week (September 21, 2015 – September 25, 2015):

 

CNX FMCG:

 

 

CNXFMCG

 

CNX FMCG index closed the week on absolutely flat note.

As we have mentioned last week that if the index manages to close above the levels of 19700 then the index can move to the levels of 20000 where 100 Daily SMA is positioned and the index manages to hit a high of 19968 on 18/09/2015 and sold off to the levels 19500.

Support for the index lies in the zone of 19300. Below the levels of 19300 the index has the major support around the levels of 18500 to 19000 where 500 Daily SMA and 100 Weekly SMA are positioned.

Resistance for the index lies in the zone of 19700 to 20000 where 50 Daily EMA and 100 Daily SMA are positioned.

Broad range for the index in the coming week is seen from 18500 to 18750 on downside to 20000 to 20250 on upside.

CNX IT Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for CNX IT for the week (September 21, 2015 – September 25, 2015):

 

CNX IT:

 

CNXIT

 

CNX IT index closed the week on positive note gaining more than 2.5%.

As we have mentioned last week that the index is trading around the support zone of 11400 where 100 Daily SMA is positioned. If the index breaks below the levels of 11400 on closing basis, the index can drift to the levels of 11000 where trend-line support for the index is lying. The index manages to hit a low of 11405 during the week and bounce to the levels of 11800.

As we have mentioned last week that the index has formed a Doji pattern in downtrend indicating the exhaustion of selling pressure and the index manages to bounce back this week.

The index has formed a Morning Star pattern in a downtrend on weekly charts. If the index manages to move above the levels of 11800 then the index can move to the levels of 12500.

Support for the index lies in the zone of 11400 to 11600 where short term, 100 & 200 Daily SMA are positioned.

Resistance for the index lies in the zone of 11800 to 12000 where channel resistance for the index is positioned.

Broad range for the index in the coming week is seen from 11300 on downside to 12200 on upside.

Bank Nifty Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (September 21, 2015 – September 25, 2015):

 

BANK NIFTY:

 

BANKNIFTY

 

Bank Nifty ended the week on positive note gaining around 5%.

As we have mentioned last week that if the index breaks above the levels of 16780, then the index can move to the levels of 17200 to 17500 from where the index was sold off and the index manages to hit a high of 17602 on 18/09/2015 but could not close above the levels of 17500.

Coming week will be the expiry week so index can be highly volatile. Options data suggest that the index should move in the range of 16500 on downside and 18000 on upside during the week.

Support for the index lies in the range of 16500 to 16750. If the index drifts below the level of 16500 on closing basis then the index can drift to the levels of 16000.

Resistance for the index lies in the range of 17500 to 18000. If the index moves above this levels on closing basis then the index can move to the levels of 18500.

Range for the week is seen from 16000 to 16500 on downside to 17500 to 18000 on upside.

Nifty Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for Nifty for week (September 21, 2015 – September 25, 2015):

 

NIFTY:

NSE Nifty

 

CNX Nifty ended the week on positive note gaining more than 2.5%.

As we have mentioned last week that if index manages to close above the levels of 7820, the index can move to the levels of 8000 and the index made the high of 8055 on 18/09/2015 but could not manage to close above 8000 levels.

Coming week will be the expiry week so index can be highly volatile. Options data suggest that the index should move in the range of 7750 on downside and 8100 on upside during the week.

Support for the index lies around the levels of 7750 to 7800. If the index breaks below the levels of 7750 on closing basis then the index can drift to the levels of 7500.

Resistance for the index lies in the zone of 8000 to 8050. If the index manages to move above this levels on closing basis then the index can move to the levels of 8200 where 100 Daily SMA is positioned.

Range for the week is seen from 7700 on downside to 8100 on upside.

Share Market Tips for – Friday, September 18, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive. EquityPandit predicted that Indian Stock Market is still in positive momentum and traders, who followed EquityPandit’s advice to go long at dips, might have earned huge profits for the day. Nifty saw highs right at EquityPandit’s predicted resistance levels of 7910. Sensex also saw strong resistance right at EquityPandit’s predicted resistance levels of 26011 like a dot. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open flat with positive bias. US Fed leaves rates unchanged for atleast one more month and investors would now have to worry for another month whether the rates would be hiked or not? This uncertainty would keep market choppy and consolidated in a range. Market would fell down again in upcoming days. Now, the key trigger is RBI Interest Rate policy which can save Indian Stock market at this point of time. FIIs were again net sellers of Rs.337.27 crores whereas DIIs were net buyers of Rs.423.81 crores in last trading session. Nifty would see strong support at 7850-7800-7765-7700 whereas strong resistance would be seen at 7930-7962-8005-8091 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: (7899) The support for the Nifty is 7850-7800-7765-7700 and the resistance to the up move is at 7930-7962-8005-8091 levels.

NSE BankNifty: (16965) The support for BankNifty is at 16680-16500-16300-16200 and the resistance to the up move is at 17060-17172-17269-17380-17570 levels.

BSE Sensex: (25964) The support for the Sensex is at 25671-25500-25395 and the resistance to the up move is at 26011-26150-26302-26505-26670 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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How US Fed Clarity on Interest Rate would affect Indian Stock Market?

interest-rate

US Fed would conduct meeting today for 2 days on Interest rates discussion, that would be disclosed tomorrow. It is necessary for all traders and investors in Indian Stock Market to understand its impact on Indian Stock Market to take the best trading decision.

We have seen that FIIs have been seeing continuous outflows for last few weeks in expectation of US Interest rate hike. Now all weak money has been almost out of the market. Those who are holding in India have strong conviction for long-term Indian Market growth story and they would hold it tight.

What would happen, If US extends Interest Rate Hike decision?

Market may see some small positive movement but uncertainty would still be there and hence it would again see consolidation or downtrend in upcoming days.

But If US Fed hikes Interest Rates in this session then what would happen?

It is the most interesting stance that if US hikes Interest rates then Indian Stock Market would have good days ahead.  This is definitely contradictory to what market is predicting but this would be the real scenario going ahead in case US Fed hikes rates, but how?

Now, we know that most part of FIIs weak money is out of Indian Stock Market. US rate hike would remove uncertainty among global markets and so as in Indian Stock Market. There may be case that we may see a knee jerk reaction but overall Market would see a big positive trend in days to come.

Following action would be seen if US Fed Hikes Interest Rates:

  1. RBI would cut key interest rates in even next 3-4 days i.e. much ahead of RBI credit policy announcement day as uncertainty would disappear from global markets .
  2. Festive season would start in India and till now, only HDFC Bank has reduced interest rates on borrowing. Other banks are still holding interest rates until RBI Policy is disclosed. So, all other banks would reduce interest rates.
  3. Now, if all these banks reduce the interest rates there would be a big jump in Auto sector and especially two wheeler auto companies would see big revenues coming in. So one should consider Auto sector for going long if US Fed hikes rates.

All these instances would bring huge buying in Indian Stock Market and market would end up in big positive movement going ahead.

Share Market Tips for – Wednesday, September 16, 2015

EquityPandit

Last Trading Session: Indian Stock Market opened flat. Nifty saw highs right at EquityPandit’s predicted resistance levels of 7880 like a dot and fell down sharply. BankNifty saw lows right at EquityPandit’s predicted support levels of 16680 like a dot. EquityPandit suggested traders to go long at dips in the market and traders who followed EquityPandit’s advice would be able to earn good profits today. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open gap positive. Technically, Analysis would still remain same until Nifty breaches levels of 7700 for the negative side or 7880 on the positive side by closing. Indian Stock Market is still into positive trend and we may see further short covering in expectation of RBI rate cut. Today US Fed would provide clarity on Interest Rates and this would direct the Indian Stock Market on Friday as we have holiday on Thursday for Ganesh Chaturthi. Today, traders should book profits in their long positions as market would see positive movement. We could see gap positive or gap negative opening on Friday based on Fed meeting outcome. Breaching levels of 7880 would force Nifty to move towards 8000 levels whereas if levels of 7700 is breached in negative region then market would see new lows in upcoming days. FIIs were again net sellers of Rs.910.85 crores whereas DIIs were net buyers of Rs.480.50 crores in last trading session. Nifty would see strong support at 7800-7765-7700-7665 whereas strong resistance would be seen at 7880-7910-7930-7962 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: (7829) The support for the Nifty is 7800-7765-7700-7665 and the resistance to the up move is at 7880-7910-7930-7962 levels.

NSE BankNifty: (16740) The support for BankNifty is at 16680-16500-16300-16200 and the resistance to the up move is at 16920-17060-17172-17269 levels.

BSE Sensex: (25706) The support for the Sensex is at 25671-25500-25395 and the resistance to the up move is at 25920-26011-26150-26302 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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Share Market Tips for – Tuesday, September 15, 2015

EquityPandit

Last Trading Session: Indian Stock Market opened flat. EquityPandit predicted that Indian Stock Market has entered into positive trend and we could see further short covering rally. EquityPandit suggested traders to go long at every dip in the market to earn good profits and exactly same happened. Indian Stock Market opened flat and moved sharply positive. Nifty saw highs right at EquityPandit’s predicted resistance levels of 7880 like a dot. BankNifty also closed right at EquityPandit’s predicted resistance levels of 16911 like a dot. Sensex also saw highs near EquityPandit’s predicted resistance levels of 25880 levels. Traders, who followed EquityPandit’s advice to go long 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. Technically, Analysis would still remain same. Indian Stock Market is still into very short term positive trend and we may see further short covering in expectation of RBI rate cut. Now the breakout or breakdown from current region would be led by upcoming news of US FED decision, RBI Rate Cut, etc. For now, traders should continue their long positions. Market would still consolidate within rangebound region until Thursday when US Fed would shower some light on Interest rates. FIIs were first time buyers in the month of September 2015. FIIs were net buyers of Rs.58.75 crores whereas DIIs were net buyers of Rs.183.90 crores in last trading session. Nifty would see strong support at 7800-7750-7665 whereas strong resistance would be seen at 7910-7930-7962-8091 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: (7872) The support for the Nifty is 7800-7750-7665 and the resistance to the up move is at 7910-7930-7962-8091 levels.

NSE BankNifty: (16912) The support for BankNifty is at 16680-16500-16300-16200-15950 and the resistance to the up move is at 17060-17172-17269-17380 levels.

BSE Sensex: (25856) The support for the Sensex is at 25671-25500-25395 and the resistance to the up move is at 26011-26150-26302 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, September 14, 2015

EquityPandit

Last Trading Session: Indian Stock Market opened flat with positive bias. EquityPandit predicted that Indian Stock Market has entered into positive trend and we could see further short covering rally but market would still consolidate in the same range and exactly same happened. Indian Stock Market opened positive. Sensex saw highs right at EquityPandit’s predicted resistance levels of 25880. BankNifty also saw highs right at EquityPandit’s preidcted resistance levels of 16780 like a dot and fell down sharply. Nifty saw lows right near EquityPandit’s predicted support levels of 7750. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market would open positive. Technically, Analysis would still remain same. Indian Stock Market has entered into very short term positive trend and now we could see further short covering. Now the breakout or breakdown from current region would be led by upcoming news of US FED decision, RBI Rate Cut, etc. For now, traders should continue to buy on dips with strict stoploss of 16200 levels for BankNifty and 7553 levels for Nifty and should reverse their positions once these levels are breached on closing basis. FIIs were the sellers for whole of the September 2015 and it looks like the trend may continue until any clear decision is been taken by US Fed. FIIs were net sellers of Rs.754.27 crores whereas DIIs were net buyers of Rs.411.43 crores in last trading session. Nifty would see strong support at 7750-7665-7553-7500 whereas strong resistance would be seen at 7865-7880-7910-7962 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: (7789) The support for the Nifty is 7750-7665-7553-7500 and the resistance to the up move is at 7865-7880-7910-7962 levels.

NSE BankNifty: (16613) The support for BankNifty is at 16500-16300-16200-15950 and the resistance to the up move is at 16780-16911-17060 levels.

BSE Sensex: (25610) The support for the Sensex is at 25500-25395-25232-25020 and the resistance to the up move is at 25880-26011-26150 levels.

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

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Colgate Palmolive Outlook for the Week (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for Colgate Palmoilve for the week (September 14, 2015 – September 18, 2015):

 

COLGATE PALMOLIVE:

 

COLPAL

 

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

As we have mentioned last week that the stock has the strong support around the levels of 1850 to 1860 where long term trend-line is positioned. If the stock drifts below the levels of 1850 the stock can correct to the levels of 1700 where trend-line support for the stock is lying but the stock manage to hit a low of 1796 and bounced back to the levels of 1850.

Resistance for the stock lies in the zone of 1850 to 1900 above which the stock can move to the levels of 1950 to 1980 where 100 and 200 Daily SMA are positioned.

Support for the stock lies in the range of 1790 to 1800 below which the stock can move to the levels of 1730 to 1740 where trend-line support for the stock is positioned.

Broad range for the stock is seen between 1750 to 1770 on lower end and 1900 to 1920 on upper end.

Dabur Outlook for the Week (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for DABUR for the week (September 14, 2015 – September 18, 2015):

 

DABUR:

 

DABUR

 

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

As we have mentioned last week that the support for the stock lies in the range of 265 to 275 where 100 and 200 Daily SMA are positioned. If the stock closes below the support zone of 265 the stock can drift to the levels of 250 where long term trend-line support for the stock is lying and the stock hit a low of 268 and bounced back to the levels of 282.

Resistance for the stock lies in the zone of 285 to 290, above this levels the stock can move to the levels of 315.

Support for the stock lies in the range of 265 to 275 where 100 and 200 Daily SMA are positioned. If the stock closes below the support zone of 265 the stock can drift to the levels of 250 where long term trend-line support for the stock is lying.

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 (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for Hindustan Unilever for the week (September 14, 2015 – September 18, 2015):

 

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

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

As we have mentioned last week that if the stock breaks below the levels of 815 the stock can move to the levels of sub 800 where long term trend-line support for the stock is lying and the stock hit a low of 777 during the week and manage to close around the levels of 795.

Support for the stock lies in the range of 775. If the stock breaks below the levels of 775 on closing basis then the stock can drift to the levels of 730 to 740 where channel support and 500 Daily SMA are positioned.

Resistance for the stock lies in the zone of 810 to 820 where trend-line resistance are positioned. If the stock manages to close above the levels of 820 the stock can move to the levels of 860 where upward moving trend-line is positioned.

Broad range for the stock in coming week is seen between 740 to 750 on downside and 840 to 860 on upside.

ITC Outlook for the Week (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for ITC for the week (September 14, 2015 – September 18, 2015):

 

ITC:

 

ITC

 

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

As we have mentioned last week that the stock is trading around the support zone of 315 where 100 Daily SMA is positioned. If the stock closes below the levels of 315 the stock can drift to the levels of 300 but the stock manages to hit a low of 310 during the week and close the week around the levels of 314.

Resistance for the stock lies in the zone of 315 to 320. If the stock manages to close above the levels of 320 the stock can move to the levels of 325 to 330 where 200 and 500 Daily SMA are lying.

Support for the stock lies in the zone of 305 to 310. If the stock breaks below the levels of 305 on closing basis the stock can drift to the levels of sub 300.

Broad range for the stock in coming week is seen between 305 to 310 on downside and 330 to 335 on upside.

Cipla Outlook for the Week (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for Cipla for the week (September 14, 2015 – September 18, 2015):

 

CIPLA:

 

CIPLA

 

CIPLA closed the week on absolutely flat note losing close to 0.5%.

As we have mentioned last week that the stock is trading below the 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 and the stock manages to hit a low of 623 during the week and bounced back to close the week around the levels of 653.

Support for the stock lies in the zone of 620 to 630. If the stock moves below the levels of 620 on closing basis the stock can drift to the levels of 580.

Resistance for the stock lies in the zone of 660 to 670 where short term moving averages are positioned above which the stock can move to the levels of 680 to 700.

Broad range for the stock is seen in the range of 620 – 630 on downside to 680 – 700 on upside.

Dr. Reddy Outlook for the Week (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (September 14, 2015 – September 18, 2015):

 

DR. REDDY:

 

DRREDDY

 

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

As we have mentioned last week that the support for the stock lies in the zone of 4000 where upward moving trend-line and 50 Daily EMA is lying. Below the levels of 4000 the stock can move to the levels of 3870 where medium term trend-line support for the stock is lying and the stock manages to hit a low of 3851 during the week and bounce to close the week around the levels of 4014.

Support for the stock lies in the range of 3950. If the stock closes below the levels of 3950 the stock can drift to the levels of 3750 to 3800 where 100 Daily SMA and trend-line support for the stock are positioned.

Resistance for the stock lies in the zone of 4050 to 4100 where short term moving averages are positioned. If the stock manages to close above this levels then the stock can move to the levels of 4200.

Broad range for the stock is seen from 3800 – 3850 on downside to 4150 – 4200 on upside.

Lupin Outlook for the Week (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for Lupin for the week (September 14, 2015 – September 18, 2015):

 

LUPIN:

 

LUPIN

 

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

As we have mentioned last week that if the stock moves below the levels of 1840 on closing basis the stock can drift to the support zone of 1720 to 1780 where 100 and 200 Daily moving averages are positioned below which the stock can drift to the levels of 1600 and the stock manages to hit a low of 1755 during the week and bounced back to close the week around the levels of 1810.

Strong support for the stock lies in the range of 1730 to 1770 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 1900 to 1950 where downward sloping trend-line are positioned. If the stock manages to close above the levels of 1950 the stock can move to the levels of 2100.

Broad range for the stock is seen from 1720 – 1750 on downside to 1880 – 1910 on upside.

Sun Pharma Outlook for the Week (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for Sun Pharma for the week (September 14, 2015 – September 18, 2015):

 

SUN PHARMA:

 

SUNPHARMA

 

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

As we have mentioned last week that the stock is trading at a very important support zone of 860. If the stock breaks below the levels of 860 on closing basis the stock can drift to the levels of 800 and the stock manages to hit a low of 815 during the week and bounce back to the levels of 846.

Resistance for the stock lies in the zone of 855 to 860. If the stock manages to close above this levels the stock can move to the levels of 890 to 900 where 100 Daily SMA and 200 Daily SMA are positioned.

Support for the stock lies in the zone of 800 to 810 below which the stock can drift to the levels of 750 where 500 Daily SMA and 100 Weekly SMA are positioned.

Broad range for the stock in the coming week can be 820 – 830 on lower side to 870 – 880 on upper side.

Wipro Outlook for the Week (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for Wipro for the week (September 14, 2015 – September 18, 2015):

 

WIPRO:

 

WIPRO

 

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

During the week the stock was facing resistance around the zone of 570 to 580 where trend-line and 200 Daily SMA are positioned.

If the stock manages to close above the levels of 580 the stock can move to the levels of 600 where upward moving channel for the stock is lying.

Support for the stock lies in the zone of 550 below which the stock can drift to the 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.

The stock has been moving in the tight range of 545 to 550 on downside to 570 to 575 on upside. A breakout on either side will decide the further direction of the stock.

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

HCL Tech Outlook for the Week (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for HCL Tech for the week (September 14, 2015 – September 18, 2015):

 

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Technologies (NSE: HCLTECH) closed the week on negative note losing more than 2%.

As we have mentioned last week that if the stock breaks below the levels of 930 the stock can move to the levels of 900 where 200 Daily SMA is positioned and the stock manages to hit a low of 909 during the week and bounce to the levels of 920.

Strong resistance for the stock lies in the range of 930 to 940 where 200 Daily SMA is positioned. If the stock manages to close above this levels the stock can move to the levels of 960.

Strong support for the stock lies in the zone of 900 to 910 where 100 Daily SMA is positioned. If the stock drifts below this levels the stock can move to the levels of 850 where trend-line support for the stock is positioned.

Broad range for the stock in the coming week is seen between 880 to 900 on downside to 950 to 970 on upside.

TCS Outlook for the Week (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for TCS for the week (September 14, 2015 – September 18, 2015):

 

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on absolutely flat note.

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

The stock has been moving in the tight range of 2520 on downside to 2580 on upside since last 5 days. A breakout on either side will move the stock further 3% to 4% in that direction.

If the stock manages to close above the levels of 2580 the stock can move to the levels of 2650.

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.

The stock has been forming a triangle pattern on daily basis, so breakout on either side will move the stock further 3% to 4% in that direction.

Broad range for the stock in the coming week is seen between 2450 to 2500 on downside to 2600 to 2650 on upside.

Infosys Outlook for the Week (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for Infosys for the week (September 14, 2015 – September 18, 2015):

 

INFOSYS:

 

INFY

 

INFOSYS  (NSE: INFY) closed the week on positive note gaining more than 1.5%.

As we have mentioned last week that if the stock drifts below the levels of 1067 the stock can move to the levels of 1040 where upward moving trend-line for the stock is positioned but the stock manages to hit a low of 1052 during the week and bounced back to the levels of 1090.

Resistance for the stock lies in the range of 1110 and if the stock manages to close above the levels of 1110 the stock can move to the levels of 1140.

Support for the stock lies in the range of 1040 to 1050 where trend-line support for the stock lies. If the stock breaks below the levels of 1040 on closing basis the stock can drift to the levels of 1000 where 100 and 200 Daily SMA are positioned.

Broad range for the stock in the coming week is seen between 1040 to 1060 on downside to 1120 to 1140 on upside.

SBI Outlook for the Week (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for SBI for the week (September 14, 2015 – September 18, 2015):

 

STATE BANK OF INDIA:

 

SBIN

 

State Bank Of India (NSE: SBIN) closed the week on positive note gaining around 2%.

As we have mentioned last week that the stock has broken the important support around the levels of 235 where trend-line support for the stock is positioned. 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 and the stock hit a low of 220 during the week.

It was also written in last report that the strong resistance for the stock lies in the range of 235 to 240 above which the stock can move to the levels of 255 from where the stock has broken down and the stock hit a high of 234.5 during the week.

Strong support for the stock lies in the range of 210 to 220 where 1000 Daily SMA and 200 Weekly SMA are positioned, below which the stock can drift to sub 200 levels.

Strong resistance for the stock lies in the range of 235 to 240 above which the stock can move to the levels of 255 to 260.

Broad range for the stock in the coming week can be 210 – 220 on lower side to 240 – 250 on upper side.

Axis Bank Outlook for the Week (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for Axis Bank for the week (September 14, 2015 – September 18, 2015):

 

AXIS BANK:

 

AXISBANK

 

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

As we have mentioned last week that 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 and the stock hit a low of 446 during the week and bounced back to the levels of 481.

As we have informed that if the stock manages to close above the levels of 475 where channel support for the stock is positioned, then the stock can move to the levels of 500 and the stock manages to hit a high of 495 during the week.

If the stock breaks below the levels of 450 the stock can drift to the levels of 400 where 500 Daily SMA and 100 Weekly SMA are lying.

If the stock manages to close above the levels of 500 to 510 the stock can move to the levels of 540 where 100 and 200 Daily SMA are positioned.

Broad range for the stock in the coming week can be 440 – 450 on lower side to 500 – 510 on upper side.

ICICI Bank Outlook for the Week (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for ICICI Bank for the week (September 14, 2015 – September 18, 2015):

 

ICICI BANK:

 

ICICIBANK

 

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

As we have mentioned last week that if the stock breaks below the levels of 250 the stock can drift to the levels of 225 where 1000 Daily SMA is positioned, but the stock manages to hold the levels of 250 on closing basis.

Strong support for the stock lies in the range of 250 to 260 where long term trend-line and downward sloping trend-line are positioned below which the stock can drift to the levels of around 220.

Resistance for the stock lies in the range of 270 to 275 where trend-line for the stock is positioned. If the stock manages to close above the levels of 275, the stock can move to the levels of 290.

Broad range for the stock in the coming week can be 240 – 250 on lower side to 280 – 290 on upper side.

HDFC Bank Outlook for the Week (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for HDFC Bank for the week (September 14, 2015 – September 18, 2015):

 

HDFC BANK:

 

HDFCBANK

 

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

As we have mentioned last week that if the stock drifts below the levels of 980, the stock can correct to the levels of 960 where channel support for the stock is lying and the stock hit a low of 977 and closed the week around the levels of 1010.

During the week the stock was seen moving in the range of 980 on downside to 1020 on upside. A breakout on either side can move the stock further 2% to 3% in that direction.

If the stock manages to close above the levels of 1020 where 200 Daily SMA is positioned then the stock can move to the level of 1040 where 100 Daily SMA is lying.

If the stock breaks below the levels of 980 the stock can drifts to the levels of 960 where channel support for the stock is lying.

Broad range for the stock in the coming week can be 970 – 980 on lower side to 1030 – 1040 on upper side.

CNX Energy Outlook for the Week (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for CNX Energy for the week (September 14, 2015 – September 18, 2015):

 

CNX ENERGY:

 

CNXENERGY

 

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

As we have mentioned last week that if the index closes below the levels of 7300 then the index can move to the levels of 7000 but the index manage to hold the levels of 7300 on closing basis.

The index has been moving in the range of 7300 on downside to 7800 on upside since last 2 weeks. A break of the index on either side can move the index further 5% to 7% in that direction.

If the index closes below the levels of 7300 then the index can move to the levels of 7000.

If the index closes above the levels of 7500 for couple of days then the index can move to the levels of 7800.

Broad range for the index is seen between 7200 to 7300 on downside to 7700 to 7800 on upside.

CNX Auto Outlook for the Week (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for CNX Auto for the week (September 14, 2015 – September 18, 2015):

 

CNX AUTO:

 

CNXAUTO

 

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

As we have mentioned last week that the index is approaching towards the trend-line support positioned around the levels of 7400. If the index breaks below the levels of 7400 on closing basis the index can drift to the levels of 7000 where 500 Daily SMA is positioned and the index manages to hit a low of 7413 during the week and bounce back to the levels of 7835.

As we have informed last week that if the index manages to close above the levels of 7700 then the index can move to the levels of 8000 where major trend-line resistance for the index is positioned and the index manages to hit a high of 7968 levels.

The index is approaching towards the strong resistance zone of 8000 to 8050 from where the index broke down. If the index manages to close above the levels of 8050 the index can move to the levels of 8300 where 100 Daily SMA is positioned.

The index has a strong support around the levels of 7650 where channel support for the index is positioned. If the index drifts below this levels the index can move to the levels of 7400.

Broad range for the index is seen from 7500 to 7550 on downside to 8000 to 8050 on upside.

CNX Pharma Outlook for the Week (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for CNX Pharma for the week (September 14, 2015 – September 18, 2015):

 

CNX PHARMA:

 

CNXPHARMA

 

CNX PHARMA index closed the week on negative note losing more than 1%.

As we have mentioned last week that the index has taken support around the levels of 12500 where short term moving averages and 100 Daily SMA are lying. If the index drifts below the levels of 12500 the index can move to the levels of 12000 where 200 Daily SMA is lying, the index manages to hit a low of 11933 and bounce to the levels of 12325.

The index has broken the channel in which the index was moving since June-2015.

Support for the index lies around the levels of 12000 where 200 Daily SMA is positioned. If the index breaks below this level then the index can drift to the levels of 11200 where trend-line and channel support for the index is lying.

Resistance for the index lies in the zone of 12600 from where the index has broken down the channel support.

Broad range for the index is seen from 11500 to 11800 on downside to 12800 to 13000 on upside.

CNX FMCG Outlook for the Week (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for CNX FMCG for the week (September 14, 2015 – September 18, 2015):

 

CNX FMCG:

 

CNXFMCG

 

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

As we have mentioned last week that 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 and index hit a low of 19000 during the week and bounce back to the levels of 19400.

If the index manages to close above the levels of 19700 then the index can move to the levels of 20000 where 100 Daily SMA is positioned.

The index has the major support around the levels of 18500 to 19000 where 500 Daily SMA and 100 Weekly SMA are positioned.

Coming week we can expect the markets to be quite volatile and broad range for the week can be 18500 on downside to 20500 on upside.

Broad range for the index in the coming week is seen from 18500 to 19000 on downside to 20000 to 20500 on upside.

CNX IT Outlook for the Week (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for CNX IT for the week (September 14, 2015 – September 18, 2015):

 

CNX IT:

 

CNXIT

 

CNX IT index closed the week on absolutely flat note.

As we have mentioned last week that if the index manages to close above the resistance zone of 11650 where 200 Daily SMA is positioned the index can move to the levels of 11900 where channel resistance for the index is lying and the index manages to hit a high of 11604 during the week and retraced back to the levels of 11400.

The index is trading around the support zone of 11400 where 100 Daily SMA is positioned. If the index breaks below the levels of 11400 on closing basis, the index can drift to the levels of 11000 where trend-line support for the index is lying.

The index has formed a Doji pattern on weekly charts in downtrend. During the week the index traded in the tight range of 11200 on downside to 11600 on upside. A breakout on either side will move the index further 4% to 5% in that direction.

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 (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (September 14, 2015 – September 18, 2015):

 

BANK NIFTY:

 

BANKNIFTY

 

Bank Nifty ended the week on positive note gaining around 3%.

As we have mentioned last week that if the index breaks below the levels of 16000 on closing basis where downward moving trend-line is positioned, the index can drift to the levels of 15200 where 500 Daily SMA is positioned and the index manages to hit a low of 15762 and bounce back above the levels of 16000.

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

As we have mentioned last week that if the index manages to move above the levels of 16500 the index can move to the levels of 17000, but the index manages to hit a high of 16781 during the week.

Next week if the index breaks below the levels of 15760, then the index can drift to the levels of 15200, where 500 Daily SMA is positioned.

If the index breaks above the levels of 16780, then the index can move to the levels of 17200 to 17500 from where the index was sold off.

Range for the week is seen from 15000 to 15500 on downside to 17000 to 17500 on upside.

Nifty Outlook for the Week (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for Nifty for week (September 14, 2015 – September 18, 2015):

 

NIFTY:

 

NSE Nifty

 

CNX Nifty ended the week on positive note gaining more than 1%.

As we have mentioned last week that if the index breaks below the levels of 7620, where downward moving trend-line is positioned, the index can move to the levels of 7500 where 500 Daily SMA is positioned and the index manage to hit a low of 7539 and bounce back to the levels of around 7850.

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. There are many global events next week so we can see very high levels of volatility. Major event which the markets have to dealt will be FED outcome.

If the index breaks below the levels of 7500 on closing basis the index can move to the levels of 7200.

As we have mentioned last week that if the index manages to move above the levels of 7820 the index can move to the levels of 8000. Index manages to move above the levels of 7820 but could not close above that level. So next week if index manages to close above the levels of 7820, the index can move to the levels of 8000.

Range of the week is seen from 7400 to 7500 on downside to 8000 to 8100 on upside.

Advice for – Friday, September 11, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that market would consolidate post gap negative opening. EquityPandit also predicted that market has entered into very short-term positive trends and traders should go long at every dip in the market and exactly same happened. Traders, who followed EquityPandit’s advice to go long at dips might have earned huge profits for the day. Nifty saw strong support at EquityPandit’s predicted support at 7665 levels for Nifty. Bank Nifty saw lows right at EquityPandit’s predicted support levels of 16200 like a dot. Finally, Indian Stock Market closed negative for the day.

Today:  Indian Stock Market would open flat. Market would still consolidate in a rangebound region for now. Technically, Analysis would still remain same. Indian Stock Market has entered into very short term positive trend and now we could see further short covering. For now, traders should buy on dips with strict stoploss of 16200 levels for BankNifty and 7553 levels for Nifty and should reverse their positions once these levels are breached on closing basis. This current uptrend is not convincing and may end up with a big downfall in upcoming days. FIIs were the sellers for whole of the September 2015, which is a warning of further downfall in upcoming weeks. FIIs were net sellers of Rs.121.19 crores whereas DIIs were net buyers of Rs.66.6 crores in last trading session. Nifty would see strong support at 7750-7665-7553-7500 whereas strong resistance would be seen at 7847-7880-7910-7962 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: (7788) The support for the Nifty is 7750-7665-7553-7500 and the resistance to the up move is at 7847-7880-7910-7962 levels.

NSE BankNifty: (16598) The support for BankNifty is at 16300-16200-15950-15800 and the resistance to the up move is at 16780-16911-17060 levels.

BSE Sensex: (25622) The support for the Sensex is at 25500-25395-25232-25020 and the resistance to the up move is at 25880-26011-26150 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, September 10, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that market would enter into positive zone and traders should go long in Nifty and Bank Nifty above levels of 7760 and 16465 respectively and exactly same happened. Traders, who followed EquityPandit’s advice to go long might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open gap negative. Market would consolidate in a rangebound region for now. Indian Stock Market has entered into very short term positive trend and now we could see further short covering. For now, traders should buy on dips with strict stoploss of 16200 levels for BankNifty and 7553 levels for Nifty and should reverse their positions once these levels are breached on closing basis. This current uptrend is not convincing and may end up with a big downfall in upcoming days. Even in last two days of sharp bounceback rally, FIIs were the sellers, which is a warning of further downfall in upcoming weeks. FIIs were net sellers of Rs.452.13 crores whereas DIIs were net buyers of Rs.1194.58 crores in last trading session. Nifty would see strong support at 7750-7665-7553-7500 whereas strong resistance would be seen at 7880-7910-8000-8060 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: (7819) The support for the Nifty is 7750-7665-7553-7500 and the resistance to the up move is at 7880-7910-8000-8060 levels.

NSE BankNifty: (16632) The support for BankNifty is at 16300-16200-15950-15800 and the resistance to the up move is at 16780-16911-17060 levels.

BSE Sensex: (25716) The support for the Sensex is at 25500-25395-25232-25020 and the resistance to the up move is at 25880-26011-26150 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, September 09, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that some bounce back would be seen today and exactly same happened. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open gap positive and would see sharp bounce back. Technically, Market would enter into positive zone once it closes above levels of 16465 for BankNifty and 7760 for Nifty. If market manages to close above those levels then traders can go long for short term with stoploss of 16200 for BankNifty and 7553 for Nifty. Breaching levels of 16200 for BankNifty and 7550 for Nifty by closing would negate the positive movement and intiate a fresh downfall. Remember, Market is in long-term negative trend and if it breaches levels of 16465 for BankNifty on the positive side by closing then we could see only a short term positive movement may be upto 17800 levels for Bank Nifty and then again a downfall would start. Even in yesterday’s sharp bounceback, FIIs were the sellers which is a warning of further downfall in upcoming weeks. FIIs were net sellers of Rs.659.67 crores whereas DIIs were net buyers of Rs.447.41 crores in last trading session. Nifty would see strong support at 7553-7500-7465-7367 whereas strong resistance would be seen at 7760-7800-7910 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: (7688) The support for the Nifty is 7553-7500-7465-7367 and the resistance to the up move is at 7760-7800-7910 levels.

NSE BankNifty: (16351) The support for BankNifty is at 16200-15950-15800-15750 and the resistance to the up move is at 16465-16500-16620-16740 levels.

BSE Sensex: (25318) The support for the Sensex is at 25020-24970-24850-24770 and the resistance to the up move is at 25350-25420-25570-25880 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, September 08, 2015

EquityPandit

Last Trading Session: Indian Stock Market opened flat with positive bias. EquityPandit predicted that some bounceback would be seen in the market but downside is still open and traders should continue to hold short positions as there are no signs of market recovery and exactly same happened. EquityPandit also predicted that things are getting worser on global front and Nifty would head towards 7500-7200 levels in upcoming days. Indian Stock Market saw bounceback in opening trades but as predicted by EquityPandit, Indian Stock Market fell down sharply giving huge profits to the traders, who followed EquityPandit’s advice. Nifty saw lows right at EquityPandit’s predicted support levels of 7550. BankNifty also closed right near EquityPandit’s predicted levels of 15800. Sensex closed right above EquityPandit’s predicted support levels of 24890 like a dot. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open flat with positive bias. Today, PM Narendra Modi has called up a meeting with Indian Business Leaders with RBI Governer Raghuram Rajan to discuss global economic scenario. Let’s see what is the outcome of this meeting. some bounceback can be seen but technically, downfall is intact. Next target for Bank Nifty is 15500 levels and for Nifty is 7500. Breaching levels of 7500 levels for Nifty would force it to see 7320-7200 in next couple of days. Traders should still continue to hold short until 7780 is breached on positive side, as there are no signs of market recovery as of now rather things are getting worser on global front. Adding to this, FIIs are continuing with the bigtime outflows. DIIs have been saving the market for sometime but would not be able to hold it longer. FIIs were net sellers of Rs.826.92 crores whereas DIIs were net buyers of Rs.504.11 crores in last trading session. Nifty would see strong support at 7500-7465-7367-7320 whereas strong resistance would be seen at 7660-7780-7800 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: (7559) The support for the Nifty is 7500-7465-7367-7320 and the resistance to the up move is at 7660-7780-7800 levels.

NSE BankNifty: (15790) The support for BankNifty is at 15688-15500-15400-15068 and the resistance to the up move is at 15900-16135-16260-16500 levels.

BSE Sensex: (24894) The support for the Sensex is at 24770-24644-24500-24270 and the resistance to the up move is at 25005-25220-25350-25570 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, September 07, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with negative bias. EquityPandit predicted that market may see some short covering but it would be temporary in nature and traders should go short at every point in the market as a sharp breakdown would be seen. EquityPandit also predicted that levels of 15950 for BankNifty would soon be achieved in days to come and exactly same happened. Indian Stock Market fell down sharply and made new 52 week lows for Nifty and Sensex. Traders who followed EquityPandit’s advice to go short at every point in the market might have earned huge profits for the day. BankNifty also acheived EquityPandit’s targets of 15950 levels. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open negative. Today, some bounceback can be seen but technically, Indian Stock Market is still in negative zone and downside is still open. Next target for Bank Nifty is 15500 levels. Breaching levels of 7620 would force Nifty towards 7500 levels and if 7500 levels for Nifty is breached then 7320-7200 would be the next targets for Nifty. Traders should still continue to hold short until 7860 is breached on positive side, as there are no signs of market recovery as of now rather things are getting worser on global front. Adding to this, FIIs are still bigtime sellers in Indian Stock Market since year 2008. DIIs have been saving the market for sometime but would not be able to hold it longer. FIIs were net sellers of Rs.1287.12 crores whereas DIIs were net buyers of Rs.1128.70 crores in last trading session. Nifty would see strong support at 7576-7550-7500-7465 whereas strong resistance would be seen at 7690-7800-7880-7910 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: (7655) The support for the Nifty is 7576-7550-7500-7465 and the resistance to the up move is at 7690-7800-7880-7910 levels.

NSE BankNifty: (16129) The support for BankNifty is at 15950-15800-15500 and the resistance to the up move is at 16260-16500-16620-16740 levels.

BSE Sensex: (25202) The support for the Sensex is at 25020-24970-24890-24770 and the resistance to the up move is at 25350-25570-25880 levels.

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

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Colgate Palmolive Outlook for the Week (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for Colgate Palmoilve for the week (September 07, 2015 – September 11, 2015):

 

COLGATE PALMOLIVE:

 

COLPAL

 

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

As we have mentioned last week that 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 manages to hit a high of 1962 during the week and sold off to the levels of 1870.

The stock has the strong support zone around the levels of 1850 to 1860 where long term trend-line is positioned. If the stock drifts below the levels of 1850 the stock can correct to the levels of 1700 where trend-line support for the stock is lying.

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

Broad range for the stock is seen between 1800 to 1820 on lower end and 1920 to 1940 on upper end.

Dabur Outlook for the Week (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for DABUR for the week (September 07, 2015 – September 11, 2015):

 

DABUR:

 

DABUR

 

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

As we have mentioned last week that if the stock manages to close above the levels of 295 the stock can move to the levels of 315, but the stock manages to hit a high of 289 during the week.

Support for the stock lies in the range of 265 to 275 where 100 and 200 Daily SMA are positioned. If the stock closes below the support zone of 265 the stock can drift to the levels of 250 where long term trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 290 to 300, above this levels 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 (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for Hindustan Unilever for the week (September 07, 2015 – September 11, 2015):

 

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

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

As we have mentioned last week that the 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, the stock hit a low of 815 during the week and closed the week around the levels of 830.

Resistance for the stock lies in the zone of 840 to 860 where 50 Weekly SMA and trend-line resistance are positioned. If the stock manages to close above the levels of 860 the stock can move to the levels of 880 where 100 and 200 Daily SMA are positioned.

If the stock breaks below the levels of 815 the stock can move to the levels of sub 800 where long term trend-line support for the stock is lying.

Broad range for the stock in coming week is seen between 780 to 800 on downside and 860 to 880 on upside.

ITC Outlook for the Week (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for ITC for the week (September 07, 2015 – September 11, 2015):

 

ITC:

 

ITC

 

ITC closed the week on negative note losing more than 3%.

As we have mentioned last week that the 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, the stock manages to hit a high of 328 during the week and sold off to the levels of 317.

The stock is trading around the support zone of 315 where 100 Daily SMA is positioned. If the stock closes below the levels of 315 the stock can drift to the levels of 300 where 1000 Daily SMA is lying.

Resistance for the stock lies in the zone of 325 to 330 where 200 and 500 Daily SMA are 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 (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for Cipla for the week (September 07, 2015 – September 11, 2015):

 

CIPLA:

 

CIPLA

 

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

As we have mentioned last week that the 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, the stock hit a high of 688 and sold off to the levels of 650 during the week.

The stock is trading below the 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.

The stock has formed a Shooting Star pattern on weekly charts. If the stock breaks below the levels of 644 the stock can drift to the levels of 620.

Broad range for the stock is seen in the range of 600 – 620 on downside to 680 – 700 on upside.

Dr. Reddy Outlook for the Week (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (September 07, 2015 – September 11, 2015):

 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing more than 3%.

As we have mentioned last week that if the stock manages to close above the levels of 4250 the stock can move to the levels of 4350 to 4400, the stock manages to hit a high of 4320 during the week and sold off to the levels of 4025.

Support for the stock lies in the zone of 4000 where upward moving trend-line and 50 Daily EMA is lying. Below the levels of 4000 the stock can move to the levels of 3870 where medium term trend-line support for the stock is lying. If the stock closes below the levels of 3870 the stock can drift to the levels of 3700 where 100 Daily SMA is lying.

Resistance for the stock lies in the zone of 4200 to 4250 from where the stock has broken down above which the stock can move to the levels of 4400.

Broad range for the stock is seen from 3800 – 3850 on downside to 4250 – 4300 on upside.

Lupin Outlook for the Week (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for Lupin for the week (September 07, 2015 – September 11, 2015):

 

LUPIN:

 

LUPIN

 

Lupin closed the week on absolutely flat note.

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 and this week also the stock was not able to move above the levels of 1950 and sold off to the levels of 1860.

The stock has formed a Shooting star pattern on weekly charts in an uptrend indicating the trend reversal.

If the stock moves below the levels of 1840 on closing basis the stock can drift to the support zone of 1720 to 1780 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 (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for Sun Pharma for the week (September 07, 2015 – September 11, 2015):

 

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on negative note losing more than 3%.

As we have mentioned last week that 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, but the stock manages to hit a high of 917 during the week and sold off to the levels of 857.

The stock is trading at a very important support zone of 860. If the stock breaks below the levels of 860 on closing basis the stock can drift to the levels of 800.

Resistance for the stock lies in the zone of 890 to 900 where 100 and 200 Daily SMA are positioned. If the stock manages to move above this levels the stock can move to the levels of 950 where upward moving trend-line for the stock is lying.

Broad range for the stock in the coming week can be 800 – 820 on lower side to 900 – 920 on upper side.

Wipro Outlook for the Week (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for Wipro for the week (September 07, 2015 – September 11, 2015):

 

WIPRO:

 

WIPRO

 

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

During the week the stock was facing resistance around the zone of 570 to 580 where trend-line and 200 Daily SMA are positioned.

If the stock manages to close above the levels of 580 the stock can move to the levels of 600 where upward moving channel for the stock is lying.

Support for the stock lies in the zone of 550 below which the stock can drift to the 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 500 to 520 on downside to 580 to 600 on upside.

HCL Tech Outlook for the Week (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for HCL Tech for the week (September 07, 2015 – September 11, 2015):

 

HCL TECHNOLOGIES:

 

HCLTECH

 

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

The stock has been trading around the strong support zone of 930 where 100 Daily SMA is positioned.

If the stock breaks below the levels of 930 the stock can move to the levels of 900 where 200 Daily SMA is positioned.

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.

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 (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for TCS for the week (September 07, 2015 – September 11, 2015):

 

TATA CONSULTANCY SERVICES:

 

TCS

 

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

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

The stock has been moving in the tight range of 2520 on downside to 2620 on upside since last 10 days. A breakout on either side will move the stock further 3% to 4% in that direction.

If the stock manages to close above the levels of 2620 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 2450 to 2500 on downside to 2600 to 2650 on upside.

Infosys Outlook for the Week (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for Infosys for the week (September 07, 2015 – September 11, 2015):

 

INFOSYS:

 

INFY

 

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

As we have mentioned last week that if the stock manages to close above the levels of 1130 the stock can move to the levels of 1190, but the stock manages to hit a high of 1134 on intraday basis and sold off to the levels of 1067 during the week.

If the stock drifts below the levels of 1067 the stock can move to the levels of 1040 where upward moving trend-line for the stock is 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 1020 to 1040 on downside to 1120 to 1140 on upside.

SBI Outlook for the Week (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for SBI for the week (September 07, 2015 – September 11, 2015):

 

STATE BANK OF INDIA:

 

SBIN

 

State Bank Of India (NSE: SBIN) closed the week on negative note losing more than 9%.

As we have mentioned last week that 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 but the stock manages to hit a high of 251 during the week and sold off to the levels of 225.

The stock has broke the important support around the levels of 235 where trend-line support for the stock is positioned. 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 and the stock hit a low of 225 during the week.

Strong resistance for the stock lies in the range of 235 to 240 above which the stock can move to the levels of 255 from where the stock has broken down.

Broad range for the stock in the coming week can be 200 – 210 on lower side to 240 – 250 on upper side.

Axis Bank Outlook for the Week (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for Axis Bank for the week (September 07, 2015 – September 11, 2015):

 

AXIS BANK:

 

AXISBANK

 

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

As we have mentioned last week that 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, but the stock manages to hit a high of 518 and sold off to the levels of 462.

During the week the stock has broken down from the downward moving channel positioned around the levels of 475, in which the stock is moving since March – 2015.

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.

If the stock manages to close above the levels of 475 where channel support for the stock is positioned, then the stock can move to the levels of 500.

Broad range for the stock in the coming week can be 440 – 450 on lower side to 500 – 510 on upper side.

ICICI Bank Outlook for the Week (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for ICICI Bank for the week (September 07, 2015 – September 11, 2015):

 

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on negative note losing around 9%.

As we have mentioned last week that 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, but the stock manage to hit a high of 284 and sold off to the levels of 254.

Also we have mentioned that the 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 and the stock hit a low of 254 before closing the week around the levels of 257.75.

In the coming week if the stock breaks below the levels of 250 the stock can drift to the levels of 225 where 1000 Daily SMA is positioned.

Resistance for the stock lies in the range of 270 to 275 where trend-line for the stock is positioned. If the stock manages to close above the levels of 275, the stock can move to the levels of 286.

Broad range for the stock in the coming week can be 230 – 240 on lower side to 270 – 280 on upper side.

HDFC Bank Outlook for the Week (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for HDFC Bank for the week (September 07, 2015 – September 11, 2015):

 

HDFC BANK:

 

HDFCBANK

 

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

As we have mentioned last week that 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 and the stock hit a low of 980 and closed the week around the levels of 996.

If the stock manages to close above the levels of 1015 where 200 Daily SMA is positioned then the stock can move to the level of 1040 where 100 Daily SMA is lying.

If the stock breaks below the levels of 980 the stock can drifts to the levels of 960 where channel support for the stock is lying.

Broad range for the stock in the coming week can be 950 – 970 on lower side to 1020 – 1040 on upper side.

CNX Energy Outlook for the Week (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for CNX Energy for the week (September 07, 2015 – September 11, 2015):

 

CNX ENERGY:

 

CNXENERGY

 

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

As we have mentioned last week that 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, but the index manages to hit a high of 7770 during the week and sold off to the levels of 7276 and close the week around the major support zone of 7350.

The index has been moving in the range of 7300 on downside to 7800 on upside since last 2 weeks. A break of the index on either side can move the index further 5% to 7% in that direction.

If the index closes below the levels of 7300 then the index can move to the levels of 7000.

If the index closes above the levels of 7500 then the index can move to the levels of 7800.

Broad range for the index is seen between 7100 to 7200 on downside to 7700 to 7800 on upside.

CNX Auto Outlook for the Week (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for CNX Auto for the week (September 07, 2015 – September 11, 2015):

 

CNX AUTO:

 

CNXAUTO

 

CNX AUTO index closed the week on negative note losing around 6%.

As we have mentioned last week that 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 but the index manages to hit a high of 8033 during the week and sold off to the levels of 7500.

The index is approaching towards the trend-line support positioned around the levels of 7400. If the index breaks below the levels of 7400 on closing basis the index can drift to the levels of 7000 where 500 Daily SMA is positioned.

The index has broke below the medium term channel in which the index was moving since January 2015. If the index manages to close above the levels of 7700 then the index can move to the levels of 8000 where major trend-line resistance for the index is positioned.

Broad range for the index is seen from 7300 to 7350 on downside to 8000 to 8050 on upside.

CNX Pharma Outlook for the Week (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for CNX Pharma for the week (September 07, 2015 – September 11, 2015):

 

CNX PHARMA:

 

CNXPHARMA

 

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

As we have mentioned last week that if the index manages to close above the levels of 13300 the index can move to the levels of 13700 but the index manages to hit a high of 13251 during the week and sold off to the levels of 12540.

The index has taken support around the levels of 12500 where short term moving averages and 100 Daily SMA are lying. If the index drifts below the levels of 12500 the index can move to the levels of 12000 where 200 Daily SMA is lying.

If the index manages to close above the levels of 13000 where trend-line resistance is positioned then the index can move to the levels of 13500.

Resistance for the index lies in the zone of 13500 to 13750 where trend-line resistance is positioned.

Broad range for the index is seen from 11800 to 12000 on downside to 13000 to 13500 on upside.

CNX FMCG Outlook for the Week (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for CNX FMCG for the week (September 07, 2015 – September 11, 2015):

 

CNX FMCG:

 

CNXFMCG

 

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

As we have mentioned last week that if the index moves above the levels of 20300 the index can move to the levels of 20800 and 21500, but the index manages to hit a high of 20277 during the week and sold off to the levels of 19630.

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 manages to close above the levels of 20000 where 100 Daily SMA is positioned the index can move to the levels of 20400 where 200 Daily SMA is positioned.

Coming week we can expect the markets to be quite volatile and broad range for the week can be 18500 on downside to 20500 on upside.

Broad range for the index in the coming week is seen from 18500 to 19000 on downside to 20000 to 20500 on upside.

CNX IT Outlook for the Week (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for CNX IT for the week (September 07, 2015 – September 11, 2015):

 

CNX IT:

 

CNXIT

 

CNX IT index closed the week on negative note losing around 1.5%.

As we have mentioned last week that 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, but the index was not able to close above the levels of 11630 during the week and sold off to the levels of 11400.

The index is trading around the support zone of 11400 where 100 Daily SMA is positioned. If the index breaks below the levels of 11400 on closing basis, the index can drift to the levels of 11000 where trend-line support for the index is lying.

If the index manages to close above the resistance zone of 11650 where 200 Daily SMA is positioned 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 (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (September 07, 2015 – September 11, 2015):

 

BANK NIFTY:

 

BANKNIFTY

 

Bank Nifty ended the week on negative note losing more than 6%.

As we have mentioned last week that if the index breaks below the levels of 16600 the index can drift to the levels of 15500 and the index hit a low of 15933 during the week.

As we have suggested last week that 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, but the index manages to hit a high of 17353 during the week.

Coming week we can expect the markets to be quite volatile and broad range for the week can be 15000 on downside to 17000 on upside. Technically the index is trading below short term and long term moving averages which suggest the index is trading very weak.

If the index breaks below the levels of 16000 on closing basis where downward moving trend-line is positioned, the index can drift to the levels of 15200 where 500 Daily SMA is positioned.

If the index manages to move above the levels of 16500 the index can move to the levels of 17000.

Range for the week is seen from 15000 to 15500 on downside to 17000 to 17500 on upside.

Nifty Outlook for the Week (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for Nifty for week (September 07, 2015 – September 11, 2015):

 

NIFTY:

 

NSE Nifty

 

CNX Nifty ended the week on negative note losing more than 4%.

As we have mentioned last week that if the index breaks below the levels of 7800 the index can move to the levels of 7600 and the index hit a low of 7627 during the week.

During the week the index could not manage to move above the levels of 8100 and the index sold off to the levels of around 7600.

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 7400 on downside to 7900 on upside.

If the index breaks below the levels of 7620, where downward moving trend-line is positioned, the index can move to the levels of 7500 where 500 Daily SMA is positioned.

If the index manages to move above the levels of 7820 the index can move to the levels of 8000.

Range of the week is seen from 7400 to 7500 on downside to 7850 to 7900 on upside.

Advice for – Friday, September 04, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that market would see some positive movement after couple of downtrends and exactly same happened. Indian Stock Market moved sharply positive and managed to close gap positive.

Today: Indian Stock Market would open flat to negative. Today, Further positive movement would be seen in market on the account of short covering. ECB announced the possibility of giving further stimulus, if required. This is a positive news for stock markets. Metals would remain strong but some selling pressure may be seen in Banking and IT sector. Market would not be considered as bullish until it closes above 8090 levels. Breaching 8090 levels would develop a double bottom pattern that is bullish in nature and would force market to see 8400 levels. But remember, market has not yet bottomed out and for now, Indian Stock Market is still in negative zone where last support lies at 7665 level, breaching which a sharp downfall would be seen in the market that may take Nifty to 7500-7200 levels. EquityPandit’s target for BankNifty of 15950-15500 levels may achieve in next few days. Overall, the trade is in negative direction and traders should go short at every positive movement in the market until Nifty manages to close above 7900 levels. Unfortunately, FIIs were still bigtime sellers in Indian Stock Market. DIIs have been saving the market for sometime but would not be able to hold it longer. FIIs were net sellers of Rs.394.31 crores whereas DIIs were net buyers of Rs.840.35 crores in last trading session. Nifty would see strong support at 7750-7665-7576-7500 whereas strong resistance would be seen at 7880-7910-8000-8060 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: (7823) The support for the Nifty is 7750-7665-7576-7500 and the resistance to the up move is at 7880-7910-8000-8060 levels.

NSE BankNifty: (16555) The support for BankNifty is at 16300-15950-15800-15500 and the resistance to the up move is at 16620-16740-16911 levels.

BSE Sensex: (25764) The support for the Sensex is at 25500-25395-25232-25020 and the resistance to the up move is at 25880-26011-26150 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, September 03, 2015

EquityPandit

Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that some bounceback can be seen in the market but it would be an opportunity for traders to go short as market is in negative trend and we can see some sharp downfall and exactly same happened. EquityPandit was the first research company to warn investors and traders about this downfall on August 19, 2014 when BankNifty was hovering around 18800 and Nifty was at 8500 levels. EquityPandit suggested traders to exit all long positions and initiate short position in the market. Traders who followed EquityPandit’s advice might have earned huge profits in the market. EquityPandit’s EP-BankNifty package subscribers also earned huge profits in this downtrend following EquityPandit’s recommendation. Finally, Indian Stock Market closed gap negative as per EquityPandit’s prediction.

Today: Indian Stock Market would open positive. Today, market would see some positive movement after couple of downtrends but it would be temporary in nature. Market would not be considered as bullish until it closes above 8090 levels. Breaching 8090 levels would develop a double bottom pattern that is bullish in nature and would force market to see 8400 levels. But for now, Indian Stock Market is still in negative zone where last support lies at 7665 levles, breaching which a further sharp downfall would be seen in the market. EquityPandit’s target for BankNifty of 15950-15500 levels are near to achieve. Overall, the trade is in negative direction and traders should go short at every positive movement in the market. FIIs were net sellers of Rs.1573.42 crores whereas DIIs were net buyers of Rs.880.27 crores in last trading session. Nifty would see strong support at 7665-7576-7500 whereas strong resistance would be seen at 7880-7910-8000-8060-8105 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: (7717) The support for the Nifty is 7665-7576-7500 and the resistance to the up move is at 7880-7910-8000-8060-8105 levels.

NSE BankNifty: (16253) The support for BankNifty is at 15950-15800-15500 and the resistance to the up move is at 16580-16740-16911 levels.

BSE Sensex: (25454) The support for the Sensex is at 25395-25232-25020-24890 and the resistance to the up move is at 25880-26011-26150 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, September 02, 2015

EquityPandit

Last Trading Session: Exactly as per EquityPandit’s prediction, Indian Stock Market opened gap negative. EquityPandit predicted that market has entered into long-term negative trend and it can see a sharp breakdown and exactly same happened. Indian Stock Market fell down sharply as per EquityPandit’s predictions. Traders, who followed EquityPandit’s advice to go short might have earned whooping profits for the day. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open flat. Some bounceback would be seen in the market but it would be temporary in nature. Indian Stock Market is still in negative zone. Overall, the trade is in negative direction and traders should go short at every positive movement in the market. FIIs were net sellers of Rs.675.32 crores whereas DIIs were net buyers of Rs.681.93 crores in last trading session. Nifty would see strong support at 7725-7665-7576 whereas strong resistance would be seen at 7880-8000-8060-8105 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: (7786) The support for the Nifty is 7725-7665-7576 and the resistance to the up move is at 7880-8000-8060-8105 levels.

NSE BankNifty: (16530) The support for BankNifty is at 16435-16269-15950-15800 and the resistance to the up move is at 16740-16911-17390-17520 levels.

BSE Sensex: (25696) The support for the Sensex is at 25500-25232-25020-24890 and the resistance to the up move is at 25880-26011-26150 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, September 01, 2015

EquityPandit

Indian Stock Market entered into long-term negative trend. A Sharp Breakdown would be seen in next 2-5 months.

Last Trading Session: Indian Stock Market opened flat. EquityPandit predicted that market is still in negative trend and if Bank Nifty doesn’t close above 17465 levels then market would enter into long-term negative trend and exactly same happened. Indian Stock Market consolidated between EquityPandit’s predicted support and resistance levels for Nifty, BankNifty and Sensex. Finally, Indian Stock Market closed negative as predicted by EquityPandit.

Today: Indian Stock Market would open gap negative. Now, Indian Stock Market, especially banking sector, has entered into long-term negative trend where the upper limit is capped at 19740 levels for BankNifty. It looks hard for BankNifty to breach those levels in upcoming few months whereas downside is open. Some short covering would definitely be seen but overall direction in next few months would be negative. Breaching levels of 16670 would force Bank Nifty to see 15950-15000 levels with a sharp long-term breakdown in the market and that would be a major one. EquityPandit warns long-term investors and traders to book profits at every positive movement in the market and should go short near 19000-19500 levels for BankNifty, if it comes. Most probably the breakdown would arise in next 2-5 months. For now, market would consolidate and even see some positive movements. Short-term traders should consider closing levels of 17465 to go long. Long-term direction would still be negative. FIIs were net sellers of Rs.551.19 crores whereas DIIs were net buyers of Rs.478.59 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: (7971) 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: (17147) The support for BankNifty is at 17060-16885-16670 and the resistance to the up move is at 17390-17520-17660-17870 levels.

BSE Sensex: (26283) The support for the Sensex is at 26140-25940-25700 and the resistance to the up move is at 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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