Colgate Palmolive Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for Colgate Palmoilve for the week (November 02, 2015 – November 06, 2015):

 

COLGATE PALMOLIVE:

 

 

COLPAL

 

 

Colgate Palmolive (NSE: COLPAL) closed the week on positive note gaining around 1.5%.

As we have mentioned last week that resistance for the stock lies in the zone of 950 to 960. If the stock manages to close above this levels then the stock can move to the levels of 975 to 985 where 100 Daily SMA and 200 Daily SMA are positioned. During the week the stock manages to hit a high of 995 and retraced to close the week around the levels of 955.

Support for the stock lies in the zone of 925 to 930 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 885 where channel support for the stock is lying.

Resistance for the stock lies in the zone of 980 where 100 & 200 Daily SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels 1010 where upper end of the downward sloping channel is positioned.

Broad range for the stock is seen between 920 to 930 on lower end and 990 to 1000 on upper end.

Dabur Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for DABUR for the week (November 02, 2015 – November 06, 2015):

 

DABUR:

 

 

DABUR

 

 

Dabur closed the week on positive note gaining around 2.6%.

As we have mentioned last week that resistance for the stock lies around the levels of 272 where 200 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 280 where 100 Daily SMA is lying. During the week the stock manages to hit a high of 275 and retraced to close the week around the levels of 270.

Resistance for the stock lies around the levels of 273 where 200 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 280 where 100 Daily SMA is lying.

Support for the stock lies in the zone of 260. If the stock breaks below this levels on closing basis then 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 275 to 280 on upper end.

Hindustan Unilever Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for Hindustan Unilever for the week (November 02, 2015 – November 06, 2015):

 

HINDUSTAN UNILEVER:

 

 

HINDUNILVR

 

 

HIND Unilever closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 800 to 810 where trend-line resistance for the stock is lying. If the stock manages to close above the levels of 810 then the stock can move to the levels of 830 to 850 where 100 Daily SMA is positioned. During the week the stock manages to hit a high of 820 and close the week around the levels of 800.

Support for the stock lies in the zone of 770 to 775 where downward sloping trend-line for the stock is positioned. If the stock breaks below this levels 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 800 to 810 where trend-line resistance for the stock is lying. If the stock manages to close above the levels of 810 the stock can move to the levels of 830 to 850 where 100 Daily SMA is positioned. The stock has formed a Shooting star pattern on weekly charts in an uptrend indicating the trend reversal. The stock has to close above the levels of 820 to negate this pattern.

Broad range for the stock in coming week is seen between 770 to 780 on downside and 820 to 830 on upside.

ITC Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for ITC for the week (November 02, 2015 – November 06, 2015):

 

ITC:

 

 

ITC

 

 

ITC closed the week on negative note losing around 6.6%.

As we have mentioned last week that resistance for the stock lies in the zone of 355 to 360 from where the stock has sold off in the month of March – 2015 & April – 2015. If the stock manages to close above this levels then the stock can move to the levels of 380. During the week the stock manages to hit a high of 360 and sold off to the levels of 335 on back of sub-due quarterly results.

Support for the stock lies in the zone of 330 to 335 where 200 & 500 Daily SMA and 100 Weekly SMA are positioned. If the stock closes below this levels then the stock can drift to the levels of 315 to 320 where trend-line support, 100 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 340 to 345 where 500 Daily SMA and 100 Weekly SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 360 from where the stock has sold off.

Broad range for the stock in coming week is seen between 320 to 325 on downside and 345 to 350 on upside.

Cipla Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for Cipla for the week (November 02, 2015 – November 06, 2015):

 

CIPLA:

 

 

CIPLA

 

 

CIPLA closed the week on positive note gaining around 1.2%.

As we have mentioned last week that stock can face minor resistance around the zone of 700 where trend-line resistance for the stock is lying. If the stock manages to close above the levels of 710 then the stock can move to the levels of 740 where trend-line joining earlier highs is positioned. During the week the stock manages to hit a high of 705 and retraced to close the week around the levels of 690.

Support for the stock lies in the range of 660 to 670 where 100 & 200 Daily SMA are positioned. If the stock closes below the levels of 650 then the stock can drift to the levels of 630 where trend-line support for the stock is lying.

Stock can face minor resistance around the zone of 700 where trend-line resistance for the stock is lying. If the stock manages to close above the levels of 710 then the stock can move to the levels of 740 where trend-line joining earlier highs is positioned.

Broad range for the stock is seen in the range of 660 – 670 on downside to 720 – 730 on upside.

Dr. Reddy Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (November 02, 2015 – November 06, 2015):

 

DR. REDDY:

 

 

DRREDDY

 

 

Dr Reddy closed the week on positive note gaining around 2.1%.

As we have mentioned last week that support for the stock lies in the range of 4120 to 4150 where short term moving averages are positioned. The stock has formed a double bottom around the levels of 4150. If the stock breaks below this levels then the stock can drift to the levels of 4000 where from the stock has broken out of the W – shaped pattern. During the week the stock manages to hit a low of 4080 and bounce to close the week around the levels of 4280.

Resistance for the stock lies in the range of 4320 to 4350 where trend-line joining highs is positioned. If the stock manages to move above this levels on closing basis then the stock can move to the levels of 4400.

Support for the stock lies in the range of 4130 to 4160 where short term moving averages are positioned. If the stock breaks below this levels then the stock can drift to the levels of 4050 where from the stock has broken out of the W – shaped pattern.

Broad range for the stock is seen from 4100 – 4130 on downside to 4250 – 4300 on upside.

Lupin Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for Lupin for the week (November 02, 2015 – November 06, 2015):

 

LUPIN:

 

 

LUPIN

 

 

Lupin closed the week on negative note losing around 7.2%.

As we have mentioned last week that support for the stock lies in the range of 2020 to 2040 where short term moving averages are positioned. If the stock closes below this levels then the stock can drift to the levels of 1900 where trend-line support for the stock is positioned. During the week the stock manages to hit a low of 1885 and bounce to close the week around the levels of 1929.

Support for the stock lies in the zone of 1860 to 1880 where downward sloping trend-line and 100 Daily SMA are positioned. If the stock closes below this levels then the stock can drift to the levels of 1800 where 200 Daily SMA is positioned.

Resistance for the stock lies in the zone of 1960 to 1980 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 2020 from where the stock has broken the triangle pattern.

Broad range for the stock is seen from 1860 – 1880 on downside to 2000 – 2020 on upside.

Sun Pharma Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for Sun Pharma for the week (November 02, 2015 – November 06, 2015):

 

SUN PHARMA:

 

 

SUNPHARMA

 

 

SUN PHARMA closed the week on positive note gaining around 0.5%.

As we have mentioned last week that support for the stock lies in the range of 860 to 870 where 100 Daily SMA and long term trend-line support for the stock is lying. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 830. During the week the stock manages to hit a low of 875 and close the week around the levels of 889.

Resistance for the stock lies in the range of 920 to 930 where 200 Daily SMA is positioned. If the stock manages to close above the levels of 930 the stock can move to the levels of 960 from where the stock has corrected couple of times in last 3 months.

Support for the stock lies in the range of 860 to 870 where 100 Daily SMA and long term trend-line support for the stock is lying. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 830.

Broad range for the stock in the coming week can be 860 – 870 on lower side to 910 – 920 on upper side.

Wipro Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for Wipro for the week (November 02, 2015 – November 06, 2015):

 

WIPRO:

 

 

WIPRO

 

 

Wipro closed the week on positive note gaining around 1.0%.

As we have mentioned last week that support for the stock lies in the zone of 560 to 565 where 100 & 500 Daily SMA are positioned. If the stock manages to close below this levels then the stock can drift to the levels of 550 where long term trend-line for the stock is positioned. During the week the stock manages to hit a low of 565 and close the week around the levels of 573.

Support for the stock lies in the zone of 560 to 565 where 100 & 500 Daily SMA are positioned. If the stock manages to close below this levels then the stock can drift to the levels of 550 where long term trend-line for the stock is positioned.

Resistance for the stock lies in the zone of 585 where 100 Daily SMA is positioned. If the stock manages to close above this levels then the stock can move to the levels of 600 from where the stock has sold off.

Broad range for the stock in the coming week is seen between 555 to 560 on downside to 580 to 590 on upside.

HCL Tech Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for HCL Tech for the week (November 02, 2015 – November 06, 2015):

 

HCL TECHNOLOGIES:

 

 

HCLTECH

 

 

HCL Technologies (NSE: HCLTECH) closed the week on positive note gaining around 2.2%.

As we have mentioned last week that support for the stock lies in the zone of 850 where trend-line support for the stock is lying. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 800 where 500 Daily SMA, 100 Weekly SMA and trend-line support for the stock are positioned. During the week the stock manages to hit a low of 854 and bounce to close the week around the levels of 871.

Support for the stock lies in the zone of 850 where trend-line support for the stock is lying. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 800 where 500 Daily SMA, 100 Weekly SMA and trend-line support for the stock are positioned.

Resistance for the stock lies in the range of 890 to 900. If the stock manages to close above the levels of 890 then the stock can move to the levels of 920 to 930 where 100 & 200 Daily SMA are positioned. The stock has close the week above the levels of 870. The stock was consolidating in the range of 810 on downside to 870 on upside since last 3 weeks.

Broad range for the stock in the coming week is seen between 850 to 855 on downside to 890 to 900 on upside.

TCS Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for TCS for the week (November 02, 2015 – November 06, 2015):

 

TATA CONSULTANCY SERVICES:

 

 

TCS

 

 

TCS closed the week on negative note losing around 1.65%.

As we have mentioned last week that resistance for the stock is lying in the zone of 2550 to 2570 where 100 & 200 Daily SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 2700 from where the stock has sold off. During the week the stock manages to hit a high of 2549 and retraced to close the week around the levels of 2495.

Support for the stock lies in the zone of 2490 to 2500 where trend-line support for the stock is positioned. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 2400 to 2450 where 500 Daily SMA, 100 Weekly SMA and trend-line support for the stock is positioned.

Resistance for the stock is lying in the zone of 2550 where 100 & 200 Daily SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 2700 from where the stock has sold off.

Broad range for the stock in the coming week is seen between 2460 to 2480 on downside to 2530 to 2550 on upside.

Infosys Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for Infosys for the week (November 02, 2015 – November 06, 2015):

 

INFOSYS:

 

 

INFY

 

 

INFOSYS  (NSE: INFY) closed the week on negative note losing around 1.2%.

As we have mentioned last week that the resistance for the stock lies in the zone of 1160 to 1170. If the stock closes above this levels then the stock can move to the levels of 1200 where trend-line joining highs are positioned. During the week the stock manages to hit a high of 1158 and retraced to close the week around the levels of 1135.

Support for the stock lies in the zone of 1100 to 1120 from where the stock has broken out of consolidation and short term moving averages are positioned. If the stock breaks below this levels on closing basis then the stock can move to the levels of 1070 where 100 & 200 Daily SMA are positioned.

Resistance for the stock lies in the zone of 1160 to 1170. If the stock closes above this levels then the stock can move to the levels of 1200 where trend-line joining highs are positioned.

Broad range for the stock in the coming week is seen between 1100 to 1110 on downside to 1160 to 1170 on upside.

SBI Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for SBI for the week (November 02, 2015 – November 06, 2015):

 

STATE BANK OF INDIA:

 

 

SBIN

 

 

State Bank Of India (NSE: SBIN) closed the week on negative note losing around 6.5%.

As we have mentioned last week that the stock has the strong support zone around the levels of 248 where 100 Weekly SMA is positioned. If the stock breaks below this levels then the stock can drift to the strong support zone of 235 to 240 where 500 Daily SMA is positioned. During the week the stock manages to hit a low of 235 and close the week at the lowest level.

Support for the stock lies in the zone of 235 where long term support for the stock is lying. If the stock manages to close below this levels then the stock can drift to the levels of 225 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 245 to 250 where 500 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 255 where trend-line and 100 Daily SMA are positioned.

Broad range for the stock in the coming week can be 225 – 230 on lower side to 250 – 255 on upper side.

Axis Bank Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for Axis Bank for the week (November 02, 2015 – November 06, 2015):

 

AXIS BANK:

 

 

AXISBANK

 

 

Axis Bank closed the week on negative note losing around 9.5%.

As we have mentioned last week that resistance for the stock lies in the zone of 540 to 550 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 580 to 590 where trend-line joining highs is positioned. During the week the stock manages to hit a high of 532 and sold off on back of quarterly results to the levels of 475.

Support for the stock lies in the zone of 460 where channel support for the stock is lying. The stock is moving in this channel since the month of March – 2015. If the stock closes below this levels then the stock can drift to the levels of 425 to 430 where 500 Daily SMA and 100 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 495 to 500 where the stock has opened gap down on back of quarterly results. If the stock manages to close above this levels then the stock can move to the levels of 540 where 100 Daily SMA is positioned.

Broad range for the stock in the coming week can be 450 – 455 on lower side to 495 – 500 on upper side.

ICICI Bank Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for ICICI Bank for the week (November 02, 2015 – November 06, 2015):

 

ICICI BANK:

 

 

ICICIBANK

 

 

ICICI Bank closed the week on negative note losing around 3.2%.

As we have mentioned last week that resistance for the stock lies in the zone of 290 to 300 where trend-line resistance and 100 Daily SMA are positioned. If the stock manages to close above the levels of 300 then the stock can move to the levels of 315 where 200 Daily SMA is positioned. During the week the stock manages to hit a high of 290 and close the week around the levels of 277.

Support for the stock lies around the levels of 270 where trend-line joining recent lows are positioned. If the stock closes below this levels then the stock can drift to the levels of 265 where long term support for the stock is lying.

Resistance for the stock lies in the zone of 285 to 290 where trend-line resistance and 500 Daily SMA and 100 Weekly SMA are positioned. If the stock manages to close above the levels of 290 then the stock can move to the levels of 310 where 200 Daily SMA is positioned.

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

HDFC Bank Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for HDFC Bank for the week (November 02, 2015 – November 06, 2015):

 

HDFC BANK:

 

 

HDFCBANK

 

 

HDFC Bank closed the week on negative note losing around 0.8%.

As we have mentioned last week that major resistance for the stock lies in the range of 1100 to 1120 where all time high of the stock is lying. If the stock manages to close above the levels of 1120 then the stock can move to the levels of 1150 where trend-line joining earlier highs is positioned. During the week the stock manages to hit a high of 1124 and retraced to close the week around the levels of 1100.

Support for the stock lies in the zone of 1060 to 1080 where short term moving averages and 100 Daily SMA are positioned. If the stock manages to close below this levels then the stock can drift to the levels of 1040 where 200 Daily SMA and trend-line support is lying.

Major resistance for the stock lies in the range of 1100 to 1120 where all time high of the stock is lying. If the stock manages to close above the levels of 1120 then the stock can move to the levels of 1150 where trend-line joining earlier highs is positioned.

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

CNX Energy Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for CNX Energy for the week (November 02, 2015 – November 06, 2015):

 

CNX ENERGY:

 

 

CNXENERGY

 

 

CNX ENERGY index closed the week on negative note losing around 2.2%.

As we have mentioned last week that support for the index lies around the levels of 8100 to 8150 where 1000 Daily SMA and 200 Weekly SMA are positioned. If the index manages to close below this levels then the index can drift to the levels of 8000 from where the index has broken out. During the week the index manages to hit a low of 8040 and close the week around the levels of 8090.

Support for the index lies in the zone of 8000 from where the index has broken out of the consolidation zone. If the index breaks below this levels on closing basis then the index can drift to the levels of 7800.

Resistance for the index lies in the zone of 8200 to 8250 where 100 & 1000 Daily SMA are positioned. If the index manages to close above this levels then the index can move to the levels of 8400 where trend-line and 200 Daily SMA are positioned.

Broad range for the index is seen between 7900 to 7950 on downside to 8250 to 8300 on upside.

CNX Auto Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for CNX Auto for the week (November 02, 2015 – November 06, 2015):

 

CNX AUTO:

 

 

CNXAUTO

 

 

CNX AUTO index closed the week on negative note losing around 1.6%.

As we have mentioned last week that the resistance for the index is lying in the zone of 8350 to 8400 where 200 DMA and channel resistance for the index is positioned. If the index manages to close above this levels then the index can move to the levels of 8500. During the week the index manages to hit a high of 8295 and sold off to close the week around the levels of 8093.

Support for the index lies in the zone of 7950 to 8000 where trend-line support for the index is positioned. If the index manages to break this levels on closing basis then the index can drift to the levels of 7600 where channel support for the index is positioned.

Resistance for the index lies in the zone of 8200 to 8250 where 100 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8400 where 200 Daily SMA is positioned.

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

Broad range for the index is seen from 7950 to 8000 on downside to 8250 to 8300 on upside.

CNX Pharma Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for CNX Pharma for the week (November 02, 2015 – November 06, 2015):

 

CNX PHARMA:

 

 

CNXPHARMA

 

 

CNX PHARMA index closed the week on negative note losing around 0.7%.

As we have mentioned last week that support for the index lies in the zone of 13000 from where the index has broken out. If the index manages to move below the levels of 13000 on closing basis, then the index can drift to the levels of 12200 to 12500 where 100 and 200 Daily SMA are positioned. During the week the index manages to hit a low of 13030 and close the week around the levels of 13160.

Support for the index lies in the zone of 13000 from where the index has broken out. If the index manages to move below the levels of 13000 on closing basis, then the index can drift to the levels of 12200 to 12500 where 100 and 200 Daily SMA are positioned.

Resistance for the index lies in the zone of 13300 from where the index has sold off earlier. If the index manages to close above the levels of 13300 then the index can move to the levels of 13600 where trend-line joining earlier highs is positioned.

Broad range for the index is seen from 12800 to 13000 on downside to 13500 to 13600 on upside.

CNX FMCG Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for CNX FMCG for the week (November 02, 2015 – November 06, 2015):

 

CNX FMCG:

 

 

CNXFMCG

 

 

CNX FMCG index closed the week on negative note losing around 3.4%.

As we have mentioned last week that the index has broken out of the declining trend-line joining highs which was positioned around the levels of 20600. The index can move to the levels of 21000 from where the index has sold off in the month of August – 2015. During the week the index manages to hit a high of 20950 and sold off to close the week around the levels of 20116.

Resistance for the index lies in the zone of 20300 to 20500 where 200 Daily SMA and trend-line resistance are positioned. If the index manages to close above this levels then the index can move to the levels of 21000.

Support for the index lies in the zone of 20000 where 100 Daily SMA is positioned. If the index closes below this levels then the index can drift to the levels of 19350 where long term support for the index is positioned.

Broad range for the index in the coming week is seen from 19000 to 19300 on downside to 20500 to 21000 on upside.

CNX IT Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for CNX IT for the week (November 02, 2015 – November 06, 2015):

 

CNX IT:

 

 

CNXIT

 

 

CNX IT index closed the week on negative note losing around 0.7%.

As we have mentioned last week that resistance for the index lies in the zone of 11600 to 11700 where 200 Daily SMA is positioned. If the index manages to close above this levels then the index can move to the levels of 12000 where channel resistance for the index is positioned. During the week the index manages to hit a high of 11665 and retraced to close the week around the levels of 11470.

The index has close around the support zone of 11480 where 100 Daily SMA is lying. If the index closes below this levels then the index can drift to the levels of 11200 where trend-line support for the index is positioned.

Resistance for the index lies in the zone of 11600 to 11700 where 200 Daily SMA is positioned. If the index manages to close above this levels then the index can move to the levels of 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 11800 on upside.

Bank Nifty Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (November 02, 2015 – November 06, 2015):

 

BANK NIFTY:

 

 

BANKNIFTY

 

Bank Nifty ended the week on negative note losing around 3.3%.

As we have mentioned last week that the index has closed above the resistance zone of 17880 where 100 Daily SMA is positioned. If the index manages to close above the levels of 18000 then the index can move to the levels of 18300 to 18500 where 100 & 200 Daily SMA and channel resistance for the index are positioned. During the week the index manages to hit a high of 18029 and sold off to close the week around the levels of 17339.

Support for the index lies in the zone of 16800 to 17000 where channel support for the index is lying. If the index breaks below this levels on closing basis then the index can drift to the levels of 16000 where trend-line and channel support for the index is positioned.

Resistance for the index lies in the zone of 17700 to 17900 where trend-line and 100 Daily SMA are positioned. If the index manages to close above the levels of 18000 then the index can move to the levels of 18300 to 18500 where 100 & 200 Daily SMA and channel resistance for the index are positioned.

Range for the week is seen from 16600 to 16800 on downside to 18000 to 18200 on upside.

Nifty Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for Nifty for week (November 02, 2015 – November 06, 2015):

 

NIFTY:

 

 

NSE Nifty

 

 

CNX Nifty ended the week on negative note losing around 2.9%.

As we have mentioned last week that the index has closed above the 100 Daily SMA which is lying around the levels of 8200. Support for the index lies in the zone of 8200 where 100 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 8050 to 8100 from where the index has broken out of the Inverse Head & Shoulder pattern. During the week the index manages to hit a low of 8044 and close the week at the lowest point.

Support for the index lies in the zone of 8050 to 8100 from where the index has broken out of the Inverse Head & Shoulder pattern. If the index breaks below this levels on closing basis then the index can drift to the levels of 7700 where trend-line and 100 Weekly SMA supports are positioned.

Resistance for the index lies in the zone of 8200 where 100 Daily SMA is lying. If the index manages to close above this levels on closing basis then the index can move to the levels of 8400 where 200 Daily SMA and trend-line resistance for the index is positioned.

Broad range for the week is seen from 7850 on downside to 8250 on upside.

Share Market Tips for – Friday, October 30, 2015

EquityPandit

Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that Indian Stock Market has entered into negative zone and traders can undoubtedly go for short at every positive movement in the market and exactly same happened. Traders, who followed EquityPandit’s advice to go short in the market might have earned whooping profits for the day. Nifty moved sharply negative and saw lows right at EquityPandit’s predicted support levels of 8100 like a dot and finally, closed just above EquityPandit’s support levels in deep negative region.

Today: Indian Stock Market would open gap negative. Technically, Indian Stock Market is still in negative zone. Some further downside cannot be ruled out and the trade is to go short at every positive movement in the market. Indian Stock Market is still weak and breaching levels of 8085 would force market to see further downfall. FIIs were net buyers of Rs.174.12 crores whereas DIIs were net sellers of Rs.299.20 crores in last trading session. Nifty would see strong support at 8085-8050-8000 whereas strong resistance would be seen at 8180-8210-8250 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results to be disclosed today: Ajanta Pharma, Apollo Tyres, Atul Ltd, Century Textiles, ICICI Bank, Ipca Lab, ITC, Karnataka Bank, Kotak Mahindra Bank, L&T, Suzlon, Tata Teleservices and Titan.

NSE Nifty: (8112) The support for the Nifty is 8085-8050-8000 and the resistance to the up move is at 8150-8180-8210-8250 levels.

NSE BankNifty: (17212) The support for BankNifty is at 17060-16953-16875-16780 and the resistance to the up move is at 17450-17570-17660 levels.

BSE Sensex: (26838) The support for the Sensex is at 26660-26580-26375 and the resistance to the up move is at 27060-27165-27445 levels.

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Share Market Tips for – Thursday, October 29, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative. EquityPandit predicted that market is not sustaining higher levels and would fell down sharply. EquityPandit also predicted that Nifty would enter into negative zone today which would be followed by Bank Nifty and traders should go short below levels of 17690 for BankNifty and exactly same happened. Indian Stock Market fell down sharply exactly as per EquityPandit’s prediction. Finally, Market entered into negative zone. Traders, who followed EquityPandit’s advice to go short in Bank Nifty might have earned whooping profits for the day. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open negative. Today is F&O Expiry and huge volatility would be seen. Technically, Indian Stock Market including Nifty and Bank Nifty, has entered into negative zone. Market may see some short covering but traders should go short at every positive movement in the market. FIIs were net sellers of Rs.731.17 crores whereas DIIs were net buyers of Rs.160.17 crores in last trading session. Nifty would see strong support at 8130-8100-8085-8050 whereas strong resistance would be seen at 8210-8250-8297 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

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

Important Results to be disclosed today: Alstom T&D, BEL, Bharatforge, City Union Bank, Colgate Palmolive, Crompton Greaves, Dishman, Dr. Reddys, Emami, GICHSGFIN, Grasim, Gujarat Pipavav, HCC, IFCI, JM Financial, MRPL, MRF, Muthootfin, Nestle, Polaris, Praj Ind, SRTRANSFIN, SKF, Thomas Cook, Torrent Pharma and Yes Bank.

NSE Nifty: (8171) The support for the Nifty is 8130-8100-8085-8050 and the resistance to the up move is at 8210-8250-8297 levels.

NSE BankNifty: (17373) The support for BankNifty is at 17156-16953-16875-16780 and the resistance to the up move is at 17450-17570-17660 levels.

BSE Sensex: (27040) The support for the Sensex is at 26850-26660-26580 and the resistance to the up move is at 27165-27445-27565 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, October 28, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with negative bias. EquityPandit predicted that market would see profit booking at this point of time. EquityPandit also predicted that market would move in small range for timebeing and exactly same happened. Indian Stock Market saw some profit booking, exactly as per EquityPandit’s prediction. Nifty moved in a very small range of just 25 point for the whole day. Sensex also saw strong support right at EquityPandit’s predicted support levels of 27200. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open flat with negative bias. Technically, Indian Stock Market doesn’t looks to sustain the levels and would fell down sharply. Nifty would enter into negative zone once it closes below 8230 and it is already near to those levels. Nifty would see a sharp down fall and enter into negative zone which would be followed by Bank Nifty. Bank Nifty if closes below 17690 levels, then we could see sharp downfall in the market. Traders should wait for these levels to be breached and then enter into short positions. FIIs were net buyers of Rs.9.5 crores whereas DIIs were net sellers of Rs.165.45 crores in last trading session. Nifty would see strong support at 8200-8180-8150-8100 whereas strong resistance would be seen at 8250-8297-8347-8372 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

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

Important Results to be disclosed today: Amara Raja, Ambujacem, Dabur, Exide, Jet Airways, JK Tyre, JSW Energy, Justdial, MCX, Pidilite, Raymond, Sun TV, Syndicate Bank, Tata Elxsi and Torrent Power.

NSE Nifty: (8233) The support for the Nifty is 8200-8180-8150-8100 and the resistance to the up move is at 8250-8297-8347-8372 levels.

NSE BankNifty: (17806) The support for BankNifty is at 17770-17690-17660-17500 and the resistance to the up move is at 18000-18120-18220-18380 levels.

BSE Sensex: (27253) The support for the Sensex is at 27200-27000-26850 and the resistance to the up move is at 27565-27607-27700 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, October 27, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive with around 39 points for Nifty and 105 points for Sensex. Indian Stock Market moved sharply positive but was not able to sustain higher levels. Bank Nifty also saw strong resistance around 18000 levels but was not able to sustain above 18000 levels for Bank Nifty and hence market saw strong profit booking at higher levels. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open flat. Technically, Market is not sustaining at higher levels. Nifty may see stiff resistance at EquityPandit’s predicted resistance levels of 8347 levels and there are strong chances that some sharp profit booking can be seen in the market. Bank Nifty if closes below 17690 levels, then we could see sharp downfall in the market and traders should go short in that case. For now, Market is consolidating in a rangebound region. FIIs were net buyers of Rs.724.51 crores whereas DIIs were net sellers of Rs.155.89530.78 crores in last trading session. Nifty would see strong support at 8200-8180-8150-8100 whereas strong resistance would be seen at 8297-8347-8372-8400 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

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

Important Results to be disclosed today: Axis Bank, CEAT, Dish TV, Lupin, Maruti, TVS Motor and Vedanta.

NSE Nifty: (8261) The support for the Nifty is 8200-8180-8150-8100 and the resistance to the up move is at 8297-8347-8372-8400 levels.

NSE BankNifty: (17815) The support for BankNifty is at 17770-17665-17660-17500 and the resistance to the up move is at 18000-18120-18220-18380 levels.

BSE Sensex: (27362) The support for the Sensex is at 27200-27000-26850 and the resistance to the up move is at 27565-27607-27700 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, October 26, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive with around 58 points for Nifty and 180 points for Sensex. EquityPandit predicted that market is currently in positive trend and the trade is to go long with strict stoploss of 8180 for Nifty and 17665 levels for Bank Nifty and exactly same happened. Indian Stock Market moved sharply positive and saw highs right near EquityPandit’s predicted resistance levels of 18000 for Bank Nifty. Nifty also closed right at EquityPandit’s predicted resistance levels of 8297 like a dot. Sensex also saw strong resistance right at EquityPandit’s predicted resistance levels of 27565. 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 positive. Technically, Indian Stock Market is still in positive zone and traders should continue to hold long positions for now. Indian Stock Market is about to fill up the complete gap that was left in last downfall. Bank Nifty is facing strong resistance at EquityPandit’s predicted resistance levels of 18000. Today, it looks that it may breach those levels and see a sharp breakout from these levels. The trade is only to go long in the market. FIIs were net buyers of Rs.229.18 crores whereas DIIs were net sellers of Rs.155.89 crores in last trading session. Nifty would see strong support at 8280-8200-8180-8150 whereas strong resistance would be seen at 8297-8347-8372-8400 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

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

Important Results to be disclosed today: Bharti Airtel, HDFC, Inox Wind and UPL.

NSE Nifty: (8295) The support for the Nifty is 8280-8200-8180-8150 and the resistance to the up move is at 8297-8347-8372-8400 levels.

NSE BankNifty: (17934) The support for BankNifty is at 17770-17665-17660-17500 and the resistance to the up move is at 18000-18120-18220-18380 levels.

BSE Sensex: (27471) The support for the Sensex is at 27380-27200-27000-26850 and the resistance to the up move is at 27565-27607-27700 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 (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for Colgate Palmoilve for the week (October 26, 2015 – October 30, 2015):

 

COLGATE PALMOLIVE:

 

 

COLPAL

 

 

Colgate Palmolive (NSE: COLPAL) closed the week on positive note gaining around 4.0%.

As we have mentioned last week that resistance for the stock lies in the zone of 930 from where the stock has broken down. If the stock manages to close above this levels then the stock can move to the levels of 950. During the week the stock manages to hit a high of 960 and close the week around the levels of 941.

Support for the stock lies in the zone of 925 to 930 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 885 where channel support for the stock is lying.

Resistance for the stock lies in the zone of 950 to 960. If the stock manages to close above this levels then the stock can move to the levels of 975 to 985 where 100 Daily SMA and 200 Daily SMA are positioned.

Broad range for the stock is seen between 910 to 920 on lower end and 970 to 980 on upper end.

Dabur Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for DABUR for the week (October 26, 2015 – October 30, 2015):

 

DABUR:

 

 

DABUR

 

 

Dabur closed the week on negative note losing around 3.5%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 262 and virtually close the week at the lowest point.

Resistance for the stock lies around the levels of 272 where 200 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 280 where 100 Daily SMA is lying.

Support for the stock lies in the zone of 250 where long term trend-line support for the stock is lying. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 230 where 500 Daily SMA and 100 Weekly SMA are positioned.

Broad range for the stock is seen between 250 to 255 on lower end and 270 to 275 on upper end.

Hindustan Unilever Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for Hindustan Unilever for the week (October 26, 2015 – October 30, 2015):

 

HINDUSTAN UNILEVER:

 

 

HINDUNILVR

 

 

HIND Unilever closed the week on positive note gaining around 2.0%.

As we have mentioned last week that resistance for the stock lies in the zone of 800 to 810 where trend-line resistance for the stock is lying. If the stock manages to close above the levels of 810 the stock can move to the levels of 830. During the week the stock manages to hit a high of 806 and close the week around the levels of 800.

Support for the stock lies in the zone of 770 to 775 where downward sloping trend-line for the stock is positioned. If the stock breaks below this levels 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 800 to 810 where trend-line resistance for the stock is lying. If the stock manages to close above the levels of 810 the stock can move to the levels of 830 to 850 where 100 Daily SMA is positioned.

Broad range for the stock in coming week is seen between 770 to 780 on downside and 820 to 830 on upside.

ITC Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for ITC for the week (October 26, 2015 – October 30, 2015):

 

ITC:

 

 

ITC

 

 

ITC closed the week on positive note gaining around 2.7%.

As we have mentioned last week that resistance for the stock lies in the zone of 355 to 360 from where the stock has sold off in the month of March – 2015 & April – 2015. During the week the stock manages to hit a high of 359 and close the week at virtually the highest point.

Support for the stock lies in the zone of 340 to 350 where short term moving averages are lying. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 330 to 335 where 200 & 500 Daily SMA and 100 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 355 to 360 from where the stock has sold off in the month of March – 2015 & April – 2015. If the stock manages to close above this levels then the stock can move to the levels of 380.

Broad range for the stock in coming week is seen between 340 to 345 on downside and 365 to 370 on upside.

Cipla Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for Cipla for the week (October 26, 2015 – October 30, 2015):

 

CIPLA:

 

 

CIPLA

 

 

CIPLA closed the week on positive note gaining around 0.4%.

As we have mentioned last week that support for the stock lies in the range of 650 to 660 where 100 & 200 Daily SMA are positioned. If the stock closes below the levels of 650 then the stock can drift to the levels of 630 where trend-line support for the stock is lying. During the week the stock manages to hit a low of 658 and bounce to close the week around the levels of 682.

Support for the stock lies in the range of 650 to 660 where 100 & 200 Daily SMA are positioned. If the stock closes below the levels of 650 then the stock can drift to the levels of 630 where trend-line support for the stock is lying.

Stock can face minor resistance around the zone of 700 where trend-line resistance for the stock is lying. If the stock manages to close above the levels of 710 then the stock can move to the levels of 740 where trend-line joining earlier highs is positioned.

Broad range for the stock is seen in the range of 650 – 660 on downside to 700 – 710 on upside.

Dr. Reddy Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (October 26, 2015 – October 30, 2015):

 

DR. REDDY:

 

 

DRREDDY

 

 

Dr Reddy closed the week on negative note losing around 1.8%.

As we have mentioned last week that resistance for the stock lies in the range of 4290 to 4320 where trend-line joining highs is positioned. If the stock manages to move above this levels on closing basis then the stock can move to the levels of 4400. During the week the stock manages to hit a high of 4386 and retraced to close the week around the levels of 4188.

Resistance for the stock lies in the range of 4290 to 4320 where trend-line joining highs is positioned. If the stock manages to move above this levels on closing basis then the stock can move to the levels of 4400.

Support for the stock lies in the range of 4120 to 4150 where short term moving averages are positioned. The stock has formed a double bottom around the levels of 4150. If the stock breaks below this levels then the stock can drift to the levels of 4000 where from the stock has broken out of the W – shaped pattern.

The stock has formed a Shooting star pattern on weekly charts in an uptrend indicating the trend reversal. The stock has to close above the levels of 4386 to negate this pattern.

Broad range for the stock is seen from 4100 – 4130 on downside to 4250 – 4300 on upside.

Lupin Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for Lupin for the week (October 26, 2015 – October 30, 2015):

 

LUPIN:

 

 

LUPIN

 

 

Lupin closed the week on positive note gaining around 1.2%.

This week the stock traded in the tight range of 2050 on downside to 2100 on upside. A break-out on either side will move the stock further 3% to 4% in that direction.

Support for the stock lies in the range of 2020 to 2040 where short term moving averages are positioned. If the stock closes below this levels then the stock can drift to the levels of 1900 where trend-line support for the stock is positioned.

Resistance for the stock lies in the range of 2120 where upper end of the channel is positioned. This channel is formed by joining the lows of 1588 (14/05/2015) and 1590 (29/07/2015) and highs of 2115 (08/04/2015). If the stock manages to close above the levels of 2120 then the stock can move to the levels of 2150 to 2170.

Broad range for the stock is seen from 2000 – 2020 on downside to 2100 – 2120 on upside.

Sun Pharma Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for Sun Pharma for the week (October 26, 2015 – October 30, 2015):

 

SUN PHARMA:

 

 

SUNPHARMA

 

 

SUN PHARMA closed the week on negative note losing around 0.5%.

As we have mentioned last week that resistance for the stock lies in the range of 920 to 930 where 200 Daily SMA is positioned. If the stock manages to close above the levels of 930 the stock can move to the levels of 960 from where the stock has corrected couple of times in last 3 months. During the week the stock manages to hit a high of 913 and close the week around the levels of 885.

Resistance for the stock lies in the range of 920 to 930 where 200 Daily SMA is positioned. If the stock manages to close above the levels of 930 the stock can move to the levels of 960 from where the stock has corrected couple of times in last 3 months.

Support for the stock lies in the range of 860 to 870 where 100 Daily SMA and long term trend-line support for the stock is lying. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 830.

Broad range for the stock in the coming week can be 860 – 870 on lower side to 910 – 920 on upper side.

Wipro Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for Wipro for the week (October 26, 2015 – October 30, 2015):

 

WIPRO:

 

 

WIPRO

 

 

Wipro closed the week on negative note losing around 1.6%.

As we have mentioned last week that support for the stock lies in the zone of 560 to 565 where 100 & 500 Daily SMA are positioned. If the stock manages to close below this levels then the stock can drift to the levels of 550 where long term trend-line for the stock is positioned. During the week the stock manages to hit a low of 565 and close the week around the levels of 568.

Support for the stock lies in the zone of 560 to 565 where 100 & 500 Daily SMA are positioned. If the stock manages to close below this levels then the stock can drift to the levels of 550 where long term trend-line for the stock is positioned.

Resistance for the stock lies in the zone of 585 where 100 Daily SMA is positioned. If the stock manages to close above this levels then the stock can move to the levels of 600 from where the stock has sold off.

Broad range for the stock in the coming week is seen between 555 to 560 on downside to 580 to 590 on upside.

HCL Tech Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for HCL Tech for the week (October 26, 2015 – October 30, 2015):

 

HCL TECHNOLOGIES:

 

 

HCLTECH

 

 

HCL Technologies (NSE: HCLTECH) closed the week on positive note gaining around 1.4%.

As we have mentioned last week that resistance for the stock lies in the range of 850 to 870 where trend-line resistance for the stock is positioned. If the stock manages to close above the levels of 870 then the stock can move to the levels of 930 to 940 where 100 & 200 Daily SMA are positioned. During the week the stock manages to hit a high of 870 and close the week around the levels of 853.

Support for the stock lies in the zone of 850 where trend-line support for the stock is lying. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 800 where 500 Daily SMA, 100 Weekly SMA and trend-line support for the stock are positioned.

Resistance for the stock lies in the range of 870. If the stock manages to close above the levels of 870 then the stock can move to the levels of 930 to 940 where 100 & 200 Daily SMA are positioned. The stock has been consolidating in the range of 810 on downside to 870 on upside since last 3 weeks.

Broad range for the stock in the coming week is seen between 830 to 840 on downside to 880 to 890 on upside.

TCS Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for TCS for the week (October 26, 2015 – October 30, 2015):

 

TATA CONSULTANCY SERVICES:

 

 

TCS

 

 

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

As we have mentioned last week that support for the stock lies in the zone 2400 to 2450 where 500 Daily SMA, 100 Weekly SMA and trend-line support for the stock is positioned. If the stock manages to close below this levels then the stock can drift to the levels of 2250 where downward sloping trend-line for the stock is positioned. During the week the stock manages to hit a low of 2455 and bounce back to close the week around the levels of 2537.

Support for the stock lies in the zone of 2500 where short term moving averages and trend-line support for the stock are positioned. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 2400 to 2450 where 500 Daily SMA, 100 Weekly SMA and trend-line support for the stock is positioned.

Resistance for the stock is lying in the zone of 2550 to 2570 where 100 & 200 Daily SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 2700 from where the stock has sold off.

Broad range for the stock in the coming week is seen between 2470 to 2490 on downside to 2580 to 2600 on upside.

Infosys Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for Infosys for the week (October 26, 2015 – October 30, 2015):

 

INFOSYS:

 

 

INFY

 

 

INFOSYS  (NSE: INFY) closed the week on positive note gaining around 5.0%.

As we have mentioned last week that the resistance for the stock lies in the zone of 1130 to 1135 from where the stock has broken down. If the stock manages to close above this levels then the stock can move to the levels of 1160. During the week the stock manages to hit a high of 1153 and close the week around the levels of 1150.

Support for the stock lies in the zone of 1100 to 1120 from where the stock has broken out of consolidation and short term moving averages are positioned. If the stock breaks below this levels on closing basis then the stock can move to the levels of 1060 to 1070 where 100 & 200 Daily SMA are positioned.

Resistance for the stock lies in the zone of 1160 to 1170. If the stock closes above this levels then the stock can move to the levels of 1200 where trend-line joining highs are positioned.

Broad range for the stock in the coming week is seen between 1110 to 1120 on downside to 1170 to 1180 on upside.

SBI Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for SBI for the week (October 26, 2015 – October 30, 2015):

 

STATE BANK OF INDIA:

 

 

SBIN

 

 

State Bank Of India (NSE: SBIN) closed the week on negative note losing around 0.6%.

As we have mentioned last week that resistance for the stock lies in the zone of 260 where 100 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 270 to 275 where trend-line resistance and 200 Daily SMA are positioned. During the week the stock manages to hit a high of 257 and close the week around the levels of 253.

The stock has the strong support zone around the levels of 248 where 100 Weekly SMA is positioned. If the stock breaks below this levels then the stock can drift to the strong support zone of 235 to 240 where 500 Daily SMA is positioned.

Resistance for the stock lies in the zone of 255 to 260 where 100 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 270 to 275 where trend-line resistance and 200 Daily SMA are positioned.

Broad range for the stock in the coming week can be 240 – 245 on lower side to 265 – 270 on upper side.

Axis Bank Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for Axis Bank for the week (October 26, 2015 – October 30, 2015):

 

AXIS BANK:

 

 

AXISBANK

 

 

Axis Bank closed the week on positive note gaining around 4.4%.

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 527 and close the week at virtually the highest point.

Support for the stock lies in the range of 490 to 500 where short term moving averages and trend-line support for the stock are positioned.

Resistance for the stock lies in the zone of 540 to 550 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 580 to 590 where trend-line joining highs is positioned.

Broad range for the stock in the coming week can be 500 – 505 on lower side to 540 – 550 on upper side.

ICICI Bank Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for ICICI Bank for the week (October 26, 2015 – October 30, 2015):

 

ICICI BANK:

 

 

ICICIBANK

 

 

ICICI Bank closed the week on negative note losing around 1.4%.

As we have mentioned last week that resistance for the stock lies in the zone of 290 to 300 where trend-line resistance and 100 Daily SMA are positioned. If the stock manages to close above the levels of 300 then the stock can move to the levels of 315 where 200 Daily SMA is positioned. During the week the stock manages to hit a high of 290 and close the week around the levels of 286.

Support for the stock lies in the range of 275 to 280 where short term moving averages and 500 Daily SMA are positioned below which the stock can drift to the levels of around 265 where long term trend-line for the stock is positioned.

Resistance for the stock lies in the zone of 290 to 300 where trend-line resistance and 100 Daily SMA and 100 Weekly SMA are positioned. If the stock manages to close above the levels of 300 then the stock can move to the levels of 315 where 200 Daily SMA is positioned.

Broad range for the stock in the coming week can be 275 – 280 on lower side to 300 – 310 on upper side.

HDFC Bank Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for HDFC Bank for the week (October 26, 2015 – October 30, 2015):

 

HDFC BANK:

HDFCBANK

 

HDFC Bank closed the week on positive note gaining around 0.6%.

As we have mentioned last week that major resistance for the stock lies in the range of 1100 to 1120 where all time high of the stock is lying. If the stock manages to close above the levels of 1120 then the stock can move to the levels of 1150. During the week the stock manages to hit a high of 1114 and close the week around the levels of 1107.

Support for the stock lies in the zone of 1080 to 1090 where short term moving averages are positioned. If the stock manages to close below this levels then the stock can drift to the levels of 1040 to 1060 where 100 & 200 Daily SMA is lying.

Major resistance for the stock lies in the range of 1100 to 1120 where all time high of the stock is lying. If the stock manages to close above the levels of 1120 then the stock can move to the levels of 1150 where trend-line joining earlier highs is positioned.

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

 

 

CNX Energy Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for CNX Energy for the week (October 26, 2015 – October 30, 2015):

 

CNX ENERGY:

 

 

CNXENERGY

 

 

CNX ENERGY index closed the week on positive note gaining around 2.0%.

As we have mentioned last week that the index is approaching towards the strong resistance zone of 8200 to 8300 where 1000 & 100 Daily SMA and 200 Weekly SMA are positioned. If the index manages to move above this levels then the index can move to the levels of 8400 where downward sloping trend-line and 200 Daily SMA are positioned. During the week the index manages to hit a high of 8366 and close the week around the levels of 8278.

Support for the index lies around the levels of 8100 to 8150 where 1000 Daily SMA and 200 Weekly SMA are positioned. If the index manages to close below this levels then the index can drift to the levels of 8000 from where the index has broken out.

Resistance for the index lies in the zone of 8400 to 8500 where 200 Daily SMA and inclining trend-line is lying. If the index manages to close above this levels then the index can move to the levels of 8600 where 500 Daily SMA is positioned.

Broad range for the index is seen between 8050 to 8100 on downside to 8450 to 8500 on upside.

CNX Auto Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for CNX Auto for the week (October 26, 2015 – October 30, 2015):

 

CNX AUTO:

 

 

CNXAUTO

 

 

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

As we have mentioned last week that the resistance for the index is lying in the zone of 8350 to 8400 where 200 DMA and channel resistance for the index is positioned. If the index manages to close above this levels then the index can move to the levels of 8500. During the week the index manages to hit a high of 8370 and retraced to close the week around the levels of 8226.

Support for the index lies in the zone of 8150 to 8200 where 100 Daily SMA and short term moving averages are positioned. If the index breaks below this levels then the index can drift to the levels of 7950 to 8000 where long term trend-line support for the index is positioned.

Resistance for the index is lying in the zone of 8350 to 8400 where 200 DMA and channel resistance for the index is positioned. If the index manages to close above this levels then the index can move to the levels of 8500.

The index has form a Shooting Star pattern on weekly charts indicating the trend reversal. The index has to close above the strong resistance zone of 8400 to negate this pattern.

Broad range for the index is seen from 8050 to 8100 on downside to 8350 to 8400 on upside.

CNX Pharma Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for CNX Pharma for the week (October 26, 2015 – October 30, 2015):

 

CNX PHARMA:

 

 

CNXPHARMA

 

 

CNX PHARMA index closed the week on positive note gaining around 0.5%.

As we have mentioned last week that resistance for the index lies in the zone of 13300 from where the index has sold off earlier. If the index manages to close above the levels of 13300 then the index can move to the levels of 13600 where trend-line joining earlier highs is positioned. During the week the index manages to hit a high of 13490 but could not sustain above the levels of 13300.

Support for the index lies in the zone of 13000 from where the index has broken out. If the index manages to move below the levels of 13000 on closing basis, then the index can drift to the levels of 12200 to 12500 where 100 and 200 Daily SMA are positioned.

Resistance for the index lies in the zone of 13300 from where the index has sold off earlier. If the index manages to close above the levels of 13300 then the index can move to the levels of 13600 where trend-line joining earlier highs is positioned.

The index has form a Shooting star pattern on weekly charts. The index has to close above the levels of 13300 to negate this pattern.

Broad range for the index is seen from 12800 to 13000 on downside to 13600 to 13700 on upside.

CNX FMCG Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for CNX FMCG for the week (October 26, 2015 – October 30, 2015):

 

CNX FMCG:

 

 

CNXFMCG

 

CNX FMCG index closed the week on positive note gaining around 2.0%.

As we have mentioned last week that support for the index lies in the zone of 20000 to 20200 where 100 & 200 Daily SMA are positioned. If the index closes below the levels of 20000 then the index can drift to the levels of 19300 where long term trend-line support for the index is lying. During the week the index manages to hit a low of 20325 and bounce to close the week around the levels of 20834.

The index has also broken out of the declining trend-line joining highs which was positioned around the levels of 20600. The index can move to the levels of 21000 from where the index has sold off in the month of August – 2015.

Support for the index lies in the zone of 20500 to 20600 from where the index has broken out of the declining trend-line. If the index breaks below this levels on closing basis then the index can drift to the levels of 20300 where 200 Daily SMA is positioned.

Broad range for the index in the coming week is seen from 20300 to 20500 on downside to 21000 to 21300 on upside.

CNX IT Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for CNX IT for the week (October 26, 2015 – October 30, 2015):

 

CNX IT:

 

 

CNXIT

 

 

CNX IT index closed the week on positive note gaining around 1.8%.

As we have mentioned last week that support for the index lies in the zone of 11000 to 11200 where trend-line and channel support for the index are positioned. If the index breaks below this levels on closing basis then the index can drift to the levels of 10500 to 10700 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the index manages to hit a low of 11305 and bounce back to close the week around the levels of 11537.

Support for the index lies in the zone of 11480 where 100 Daily SMA is lying. If the index closes below this levels then the index can drift to the levels of 11200 where trend-line support for the index is positioned.

Resistance for the index lies in the zone of 11600 to 11700 where 200 Daily SMA is positioned. If the index manages to close above this levels then the index can move to the levels of 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 11800 on upside.

Bank Nifty Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (October 26, 2015 – October 30, 2015):

 

BANK NIFTY:

 

 

BANKNIFTY

 

 

Bank Nifty ended the week on absolutely flat note.

As we have mentioned last week that the index has closed around the resistance zone of 18000 where 100 Daily SMA is positioned. If the index manages to close above the levels of 18000 then the index can move to the levels of 18000 to 18500 where 100 & 200 Daily SMA and channel resistance for the index are positioned. During the week the index manages to hit a high of 17980 and close the week around the levels of 17935.

Support for the index lies in the zone of 17500 to 17700. If the index closes below this levels then the index can move to the levels of 16800 to 17000 where channel support for the index is lying.

The index has closed above the resistance zone of 17880 where 100 Daily SMA is positioned. If the index manages to close above the levels of 18000 then the index can move to the levels of 18300 to 18500 where 100 & 200 Daily SMA and channel resistance for the index are positioned.

Range for the week is seen from 17500 to 17700 on downside to 18300 to 18500 on upside.

Nifty Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for Nifty for week (October 26, 2015 – October 30, 2015):

 

NIFTY:

 

 

NSE Nifty

 

 

CNX Nifty ended the week on positive note gaining around 0.7%.

As we have mentioned last week that strong resistance for the index lies in the zone of 8380 to 8450 where 200 Daily SMA and channel resistance for the index is positioned. During the week the index manages to hit a high of 8328 and close the week around the levels of 8295.

The index has closed above the 100 Daily SMA which is lying around the levels of 8200. Support for the index lies in the zone of 8200 where 100 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 8050 to 8100 from where the index has broken out of the Inverse Head & Shoulder pattern.

The index is approaching towards the strong resistance zone of 8380 to 8450 where 200 Daily SMA and channel resistance for the index is positioned.

Coming week will be the expiry week so we expect the index to trade with huge volatility. The lot sizes are revised upwards from next expiry.

Broad range for the week is seen from 8200 on downside to 8400 on upside.

Share Market Tips for – Friday, October 23, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat. EquityPandit already predicted that market would consolidate for time being. EquityPandit predicted that Market is currently in positive region but would see strong resistance at 8297 levels for Nifty and 27445 for Sensex. EquityPandit also predicted that 17700 is important closing levels for Bank Nifty, below which Bank Nifty would enter into negative zone and exactly same happened. Market moved positive but saw highs right at EquityPandit’s predicted resistance levels of 8297 for Nifty and 27445 for Sensex like a dot. Bank Nifty moved sharply negative but managed to close above EquityPandit’s predicted support levels of 17700 and saved Bank Nifty from entering into negative zone. Sensex also saw lows right at EquityPandit’s predicted support levels of 27200 like a dot. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open gap positive. Technically, analysis would still remain same. For now Market is still in positive zone. 17670 is now important level for Bank Nifty, closing below which, Bank Nifty would enter in negative zone and traders should go short in that case. Market is just near its support and some further profit booking would force market to see sharp downfall. Trade is to go short only below EquityPandit’s levels of 17670 for Bank Nifty and 8180 for Nifty but for now Market is still in positive zone and traders should go long with strict stoploss of these levels. FIIs were net sellers of Rs.48.33 crores whereas DIIs were net sellers of Rs.138.73 crores in last trading session. Nifty would see strong support at 8200-8180-8150-8100 whereas strong resistance would be seen at 8297-8347-8372 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

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

Important Results to be disclosed today: ASIANPAINTS, GSFC, INOX LEISURE, RALLISINDIA and VIPIND.

NSE Nifty: (8252) The support for the Nifty is 8200-8180-8150-8100 and the resistance to the up move is at 8297-8347-8372 levels.

NSE BankNifty: (17711) The support for BankNifty is at 17665-17660-17500-17380 and the resistance to the up move is at 18000-18120-18220 levels.

BSE Sensex: (27288) The support for the Sensex is at 27200-27000-26850 and the resistance to the up move is at 27445-27565-27607 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 – Wednesday, October 21, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat. Nifty moved positive but saw highs right near EquityPandit’s predicted resistance levels of 8297 like a dot and fell down sharply from there. Nifty fell down sharply from EquityPandit’s predicted resistance levels and saw lows right at EquityPandit’s predicted support levels of 8230 like a dot. Sensex also saw day highs and lows right at EquityPandit’s predicted resistance and support levels of 27445 and 27200 like a dot. Traders, who followed EquityPandit’s predicted resistance and support levels might have earned good profits for the day. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market would open flat. Technically, analysis would still remain same and market may consolidate for timebeing. Indian Stock Market is still in positive zone. The trade is only to buy at dips. Some profit booking can be seen in the market but it would be an opportunity for traders to go long in the market. Bank Nifty would now see major resistance at 18000, breaching which, it would achieve EquityPandit’s Second target of 18220. Breaching levels of 17700 for Bank Nifty by closing would force Bank Nifty to enter in negative zone and traders should exit long positions and initiate short positions in that case. FIIs were net buyers of Rs.523.69 crores whereas DIIs were net sellers of Rs.354.96 crores in last trading session. Nifty would see strong support at 8230-8180-8150-8100 whereas strong resistance would be seen at 8297-8347-8372 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

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

Important Results to be disclosed today: BAJAJ-AUTO, CAIRN INDIA, HDFCBANK, IDEA, IBULHSGFIN, IBREAL, IRB, JSWSTEEL, M&MFIN, MAHINDRACIE, TATA COFFEE and WIPRO.

NSE Nifty: (8262) The support for the Nifty is 8230-8180-8150-8100 and the resistance to the up move is at 8297-8347-8372 levels.

NSE BankNifty: (17830) The support for BankNifty is at 17700-17660-17500 and the resistance to the up move is at 18000-18120-18220 levels.

BSE Sensex: (27307) The support for the Sensex is at 27200-27000-26850 and the resistance to the up move is at 27445-27565-27607 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, October 20, 2015

EquityPandit

Last Trading Session: Indian Stock Market opened positive. EquityPandit already predicted that market is in positive zone and traders should go long at every dip in the market and exactly same happened. Indian stock Market moved sharply positive. Nifty saw strong resistance near EquityPandit’s predicted resistance levels of 8297 levels and closed just below those levels. Bank Nifty already achieved EquityPandit’s first target of 17850 levels. Traders, who followed EquityPandit’s advice to go long might have earned huge profits for the day. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open flat. Technically, Market is still in positive zone and is confirming the strength. The trade is only to buy at dips. Some profit booking can be seen in the market but it would be an opportunity for traders to go long in the market. Bank Nifty would now see major resistance at 18000, breaching which, it would achieve EquityPandit’s Second target of 18220. FIIs were net buyers of Rs.898.23 crores whereas DIIs were net sellers of Rs.246.26 crores in last trading session. Nifty would see strong support at 8230-8180-8150-8100 whereas strong resistance would be seen at 8297-8347-8372 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

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

Important Results to be disclosed today: ACC,BAJFINANCE, BASF, BIOCON, CONTAINERCORP, DHFL, FEDERAL BANK, HEROMOTOCO, MPHASIS and WELSPUNIND.

NSE Nifty: (8275) The support for the Nifty is 8230-8180-8150-8100 and the resistance to the up move is at 8297-8347-8372 levels.

NSE BankNifty: (17855) The support for BankNifty is at 17800-17660-17500 and the resistance to the up move is at 18000-18120-18220 levels.

BSE Sensex: (27365) The support for the Sensex is at 27200-27000-26850 and the resistance to the up move is at 27445-27565-27607 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 (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for Colgate Palmoilve for the week (October 19, 2015 – October 23, 2015):

 

COLGATE PALMOLIVE:

 

 

COLPAL

 

 

Colgate Palmolive (NSE: COLPAL) closed the week on negative note losing around 3.0%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 895 and bounce back to close the week around the levels of 905.

Support for the stock lies in the zone of 885 where channel support for the stock is lying. If the stock closes below this levels then the stock can drift to the levels of 840 to 850 where 500 Daily SMA and 100 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 930 from where the stock has broken down. If the stock manages to close above this levels then the stock can move to the levels of 950.

Broad range for the stock is seen between 870 to 880 on lower end and 930 to 940 on upper end.

Dabur Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for DABUR for the week (October 19, 2015 – October 23, 2015):

 

DABUR:

 

 

DABUR

 

 

Dabur closed the week on negative note losing around 2.5%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 270.5 and close the week around the levels of 272.65.

Resistance for the stock lies in the zone of 280, 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 265 to 270 on lower end and 290 to 295 on upper end.

Hindustan Unilever Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for Hindustan Unilever for the week (October 19, 2015 – October 23, 2015):

 

HINDUSTAN UNILEVER:

 

 

HINDUNILVR

 

 

HIND Unilever closed the week on negative note losing around 4.0%.

As we have mentioned last week that support for the stock lies in the range of 780 to 800. 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. During the week the stock manages to hit a low of 769 and bounce back to close the week around the levels of 785.

Support for the stock lies in the zone of 770 to 775 where downward sloping trend-line for the stock is positioned. If the stock breaks below this levels 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 800 to 810 where trend-line resistance for the stock is lying. If the stock manages to close above the levels of 810 the stock can move to the levels of 830.

Broad range for the stock in coming week is seen between 760 to 770 on downside and 810 to 820 on upside.

ITC Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for ITC for the week (October 19, 2015 – October 23, 2015):

 

ITC:

 

 

ITC

 

 

ITC closed the week on positive note gaining around 1.50%.

As we have mentioned last week that support for the stock lies in the zone of 330 to 335 where 200 & 500 Daily SMA and 100 Weekly SMA are positioned. If the stock breaks below the levels of 330 on closing basis then the stock can drift to the levels of sub 315. During the week the stock manages to hit a low of 339 and bounce to close the week around the levels of 349.

Support for the stock lies in the zone of 330 to 335 where 200 & 500 Daily SMA and 100 Weekly SMA are positioned. If the stock breaks below the levels of 330 on closing basis then the stock can drift to the levels of sub 315.

Resistance for the stock lies in the zone of 355 to 360 from where the stock has sold off in the month of March – 2015 & April – 2015.

The stock has broken out of the consolidation range of 300 to 335, in which the stock is consolidating for 3 months.

Broad range for the stock in coming week is seen between 335 to 340 on downside and 360 to 365 on upside.

Cipla Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for Cipla for the week (October 19, 2015 – October 23, 2015):

 

CIPLA:

 

 

CIPLA

 

 

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

As we have mentioned last week that support for the stock lies in the range of 650 to 660 where 100 & 200 Daily SMA are positioned. If the stock closes below the levels of 650 then the stock can drift to the levels of 620 where trend-line support for the stock is lying. During the week the stock manages to hit a low of 660 and bounce to close the week around the levels of 680.

Support for the stock lies in the range of 650 to 660 where 100 & 200 Daily SMA are positioned. If the stock closes below the levels of 650 then the stock can drift to the levels of 630 where trend-line support for the stock is lying.

The stock has broken out of the triangle pattern. Targets for the same can be in the range of 720 to 740.

Stock can face minor resistance around the zone of 700 where trend-line resistance for the stock is lying. If the stock manages to close above the levels of 710 then the stock can move to the levels of 740 where trend-line joining earlier highs is positioned.

Broad range for the stock is seen in the range of 650 – 660 on downside to 700 – 710 on upside.

Dr. Reddy Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (October 19, 2015 – October 23, 2015):

 

DR. REDDY:

 

 

DRREDDY

 

 

Dr Reddy closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the range of 4290 to 4320 where trend-line joining highs is positioned. If the stock manages to move above this levels on closing basis then the stock can move to the levels of 4400. During the week the stock manages to hit a high of 4283 and close the week around the levels of 4265.

Resistance for the stock lies in the range of 4290 to 4320 where trend-line joining highs is positioned. If the stock manages to move above this levels on closing basis then the stock can move to the levels of 4400.

Support for the stock lies in the range of 4100 to 4150 where short term moving averages are positioned. The stock has formed a double bottom around the levels of 4150. If the stock breaks below this levels then the stock can drift to the levels of 4000 where from the stock has broken out of the W – shaped pattern.

The stock has been forming the 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 is seen from 4150 – 4170 on downside to 4320 – 4350 on upside.

Lupin Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for Lupin for the week (October 19, 2015 – October 23, 2015):

 

LUPIN:

 

 

LUPIN

 

 

Lupin closed the week on absolutely flat note.

As we have mentioned last week that support for the stock lies in the range of 2000 to 2030 where short term moving averages are positioned. If the stock closes below this levels then the stock can drift to the levels of 1900 where trend-line support for the stock is positioned. During the week the stock manages to hit a low of 2001 and bounce back to close the week around the levels of 2055.

Support for the stock lies in the range of 2000 to 2020 where short term moving averages are positioned. If the stock closes below this levels then the stock can drift to the levels of 1900 where trend-line support for the stock is positioned.

Resistance for the stock lies in the range of 2120 where upper end of the channel is positioned. This channel is formed by joining the lows of 1588 (14/05/2015) and 1590 (29/07/2015) and highs of 2115 (08/04/2015). If the stock manages to close above the levels of 2120 then the stock can move to the levels of 2150 to 2170.

Broad range for the stock is seen from 1970 – 2000 on downside to 2100 – 2120 on upside.

Sun Pharma Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for Sun Pharma for the week (October 19, 2015 – October 23, 2015):

 

SUN PHARMA:

 

 

SUNPHARMA

 

 

SUN PHARMA closed the week on negative note losing around 1.8%.

As we have mentioned last week that support for the stock lies in the range of 860 to 880 where 100 Daily SMA and long term trend-line support for the stock is lying. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 830. During the week the stock manages to hit a low of 874 and close the week around the levels of 889.

Resistance for the stock lies in the range of 920 to 930 where 200 Daily SMA is positioned. If the stock manages to close above the levels of 930 the stock can move to the levels of 960 from where the stock has corrected couple of times in last 3 months.

Support for the stock lies in the range of 860 to 870 where 100 Daily SMA and long term trend-line support for the stock is lying. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 830.

The stock has been forming the Bullish pattern on daily charts since last 2 days around the support zone of 875.

Broad range for the stock in the coming week can be 860 – 870 on lower side to 910 – 920 on upper side.

Wipro Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for Wipro for the week (October 19, 2015 – October 23, 2015):

 

WIPRO:

 

 

WIPRO

 

 

Wipro closed the week on negative note losing around 2.5%.

As we have mentioned last week that support for the stock lies in the zone of 570 to 580 where 200 Daily SMA are positioned and channel support for the stock are positioned. If the stock closes below this levels then the stock can drift to the levels of 560 to 565 where 100 & 500 Daily SMA are positioned. During the week the stock manages to hit a low of 565 and close the week around the levels of 577.

Support for the stock lies in the zone of 560 to 565 where 100 & 500 Daily SMA are positioned. If the stock manages to close below this levels then the stock can drift to the levels of 550 where long term trend-line for the stock is positioned.

Resistance for the stock lies in the zone of 585 where 100 Daily SMA is positioned. If the stock manages to close above this levels then the stock can move to the levels of 600 from where the stock has sold off.

Broad range for the stock in the coming week is seen between 560 to 565 on downside to 600 to 610 on upside.

HCL Tech Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for HCL Tech for the week (October 19, 2015 – October 23, 2015):

 

HCL TECHNOLOGIES:

 

 

HCLTECH

 

 

HCL Technologies (NSE: HCLTECH) closed the week on negative note losing around 1.0%.

As we have mentioned last week that resistance for the stock lies in the range of 850 to 870 where trend-line resistance for the stock is positioned. If the stock manages to close above the levels of 870 then the stock can move to the levels of 930 to 940 where 100 & 200 Daily SMA are positioned. During the week the stock manages to hit a high of 860 and close the week around the levels of 841.

Support for the stock lies in the zone of 800 where 500 Daily SMA, 100 Weekly SMA and trend-line support for the stock are positioned. If the stock breaks below the levels of 800 then the stock can drift to the levels of 750.

Resistance for the stock lies in the range of 850 to 870 where trend-line resistance for the stock is positioned. If the stock manages to close above the levels of 870 then the stock can move to the levels of 930 to 940 where 100 & 200 Daily SMA are positioned.

Broad range for the stock in the coming week is seen between 810 to 820 on downside to 870 to 880 on upside.

TCS Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for TCS for the week (October 19, 2015 – October 23, 2015):

 

TATA CONSULTANCY SERVICES:

 

 

TCS

 

 

TCS closed the week on negative note losing around 6.0%.

As we have mentioned last week that support for the stock lies in the range of 2570 where 100 and 200 Daily SMA are positioned. Below this levels the stock can drift to the levels of 2500 where lower end of the channel is positioned in which the stock is moving since April – 2015. During the week the stock manages to hit a low of 2465 and close at virtually the lowest point of the week.

Support for the stock lies in the zone 2400 to 2450 where 500 Daily SMA, 100 Weekly SMA and trend-line support for the stock is positioned. If the stock manages to close below this levels then the stock can drift to the levels of 2250 where downward sloping trend-line for the stock is positioned.

Resistance for the stock is lying in the zone of 2550 to 2600 where 100 & 200 Daily SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 2700 from where the stock has sold off.

Broad range for the stock in the coming week is seen between 2350 to 2400 on downside to 2550 to 2600 on upside.

Infosys Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for Infosys for the week (October 19, 2015 – October 23, 2015):

 

INFOSYS:

 

 

INFY

 

 

INFOSYS  (NSE: INFY) closed the week on negative note losing 6.0%.

As we have mentioned last week that the stock has hit a trend-line which was created by joining the earlier highs. So resistance for the stock can be in the range of 1190 to 1200 levels. If the stock manages to close above the levels of 1200 then the stock can move to the levels of 1230. During the week the stock manages to hit a high of 1220 and sold off to the levels of 1095.

Support for the stock lies in the zone of 1060 to 1070 where 100 & 200 Daily SMA are positioned. If the stock closes below this levels then the stock can drift to the levels of 1040 where trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 1130 to 1135 from where the stock has broken down. If the stock manages to close above this levels then the stock can move to the levels of 1160.

Broad range for the stock in the coming week is seen between 1040 to 1060 on downside to 1130 to 1150 on upside.

SBI Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for SBI for the week (October 19, 2015 – October 23, 2015):

 

STATE BANK OF INDIA:

 

 

SBIN

 

 

State Bank Of India (NSE: SBIN) closed the week on positive note gaining around 4.6%.

As we have mentioned last week that resistance for the stock lies in the zone of 245 to 250 where 100 Weekly SMA is lying. 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. During the week the stock manages to hit a high of 257 and close the week around the levels of 255.

The stock has the strong support zone around the levels of 248 where 100 Weekly SMA is positioned. If the stock breaks below this levels then the stock can drift to the strong support zone of 235 to 240 where 500 Daily SMA is positioned.

Resistance for the stock lies in the zone of 260 where 100 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 270 to 275 where trend-line resistance and 200 Daily SMA are positioned.

Broad range for the stock in the coming week can be 240 – 245 on lower side to 265 – 270 on upper side.

Axis Bank Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for Axis Bank for the week (October 19, 2015 – October 23, 2015):

 

AXIS BANK:

 

 

AXISBANK

 

 

Axis Bank closed the week on positive note gaining around 2.9%.

As we have mentioned last week that support for the stock lies in the range of 465 to 475 where channel support for the stock is lying. If the stock closes below this levels then the stock can drift to the levels of 450. During the week the stock manages to hit a low of 485 and bounce back to close the week around the levels of 505.

Support for the stock lies in the range of 480 to 485 where the stock has made the triple bottom. If the stock closes below this levels then the stock can drift to the levels of 460 where trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 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 480 – 485 on lower side to 520 – 530 on upper side.

ICICI Bank Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for ICICI Bank for the week (October 19, 2015 – October 23, 2015):

 

ICICI BANK:

 

 

ICICIBANK

 

 

ICICI Bank closed the week on positive note gaining more than 1.3%.

As we have mentioned last week that resistance for the stock lies in the zone of 290 to 300 where trend-line resistance and 100 Daily SMA are positioned. If the stock manages to close above the levels of 300 then the stock can move to the levels of 315 where 200 Daily SMA is positioned. During the week the stock manages to hit a high of 292.7 and virtually close the week around the high point.

Support for the stock lies in the range of 275 to 280 where short term moving averages and 500 Daily SMA are positioned below which the stock can drift to the levels of around 265 where long term trend-line for the stock is positioned.

Resistance for the stock lies in the zone of 290 to 300 where trend-line resistance and 100 Daily SMA and 100 Weekly SMA are positioned. If the stock manages to close above the levels of 300 then the stock can move to the levels of 315 where 200 Daily SMA is positioned.

Broad range for the stock in the coming week can be 275 – 280 on lower side to 300 – 310 on upper side.

HDFC Bank Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for HDFC Bank for the week (October 19, 2015 – October 23, 2015):

 

HDFC BANK:

 

 

HDFCBANK

 

 

HDFC Bank closed the week on positive note gaining around 1.2%.

As we have mentioned last week that major resistance for the stock lies in the range of 1100 to 1120 where all time high of the stock is lying. If the stock manages to close above the levels of 1120 then the stock can move to the levels of 1150. During the week the stock manages to hit a high of 1101 and virtually close at the highest point.

Support for the stock lies in the zone of 1040 to 1060 where 100 & 200 Daily SMA is lying. If the stock breaks below the levels of 1040 on closing basis then the stock can drift to the levels of 980 to 1000.

Major resistance for the stock lies in the range of 1100 to 1120 where all time high of the stock is lying. If the stock manages to close above the levels of 1120 then the stock can move to the levels of 1150.

Broad range for the stock in the coming week can be 1040 – 1060 on lower side to 1120 – 1130 on upper side.

CNX Energy Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for CNX Energy for the week (October 19, 2015 – October 23, 2015):

 

CNX ENERGY:

 

CNXENERGY

 

CNX ENERGY index closed the week on positive note gaining around 2.2%.

As we have mentioned last week that resistance for the index lies in the zone of 8050 to 8100. If the index manages to close above the levels of 8100 then the index can move to the levels of 8200 to 8300 where 1000 and 100 Daily SMA are positioned. During the week the index manages to hit a high of 8129 and virtually close around the highs of the week.

Support for the index lies in the zone of 7950 to 8000 from where the index has broken out of the consolidation. If the index closes below the levels of 7900 then the index can drift to the levels of 7600.

The index is approaching towards the strong resistance zone of 8200 to 8300 where 1000 & 100 Daily SMA and 200 Weekly SMA are positioned. If the index manages to move above this levels then the index can move to the levels of 8400 where downward sloping trend-line and 200 Daily SMA are positioned.

Broad range for the index is seen between 7950 to 8000 on downside to 8250 to 8300 on upside.

CNX Auto Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for CNX Auto for the week (October 19, 2015 – October 23, 2015):

 

CNX AUTO:

 

 

CNXAUTO

 

 

CNX AUTO index closed the week on positive note gaining around 2.7%.

As we have mentioned last week that the index is trading around the strong resistance zone of 8050 from where the index has broken down. If the index manages to close above the levels of 8050 the index can move to the levels of 8200 to 8400 where 100 & 200 Daily SMA and channel resistance for the index are lying. During the week the index manages to hit a high of 8280 and virtually close at the high point of the week.

Support for the index lies in the zone of 8150 to 8200 where 100 Daily SMA and short term moving averages are positioned. If the index breaks below this levels then the index can drift to the levels of 7950 to 8000 where long term trend-line support for the index is positioned.

Resistance for the index is lying in the zone of 8350 to 8400 where 200 DMA and channel resistance for the index is positioned. If the index manages to close above this levels then the index can move to the levels of 8500.

Broad range for the index is seen from 8050 to 8100 on downside to 8350 to 8400 on upside.

CNX Pharma Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for CNX Pharma for the week (October 19, 2015 – October 23, 2015):

 

CNX PHARMA:

 

 

CNXPHARMA

 

 

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

As we have mentioned last week that support for the index lies in the zone of 13000 from where the index has broken out. If the index manages to move below the levels of 13000 on closing basis, then the index can drift to the levels of 12200 to 12500 where 100 and 200 Daily SMA are positioned. During the week the index manages to hit a low of 13026 and close the week around the levels of 13204.

Support for the index lies in the zone of 13000 from where the index has broken out. If the index manages to move below the levels of 13000 on closing basis, then the index can drift to the levels of 12200 to 12500 where 100 and 200 Daily SMA are positioned.

Resistance for the index lies in the zone of 13300 from where the index has sold off earlier. If the index manages to close above the levels of 13300 then the index can move to the levels of 13600 where trend-line joining earlier highs is positioned.

Broad range for the index is seen from 12800 to 13000 on downside to 13600 to 13700 on upside.

CNX FMCG Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for CNX FMCG for the week (October 19, 2015 – October 23, 2015):

 

CNX FMCG:

 

 

CNXFMCG

 

 

CNX FMCG index closed the week on negative note losing around 0.4%.

As we have mentioned last week that the index has been forming the bearish pattern on daily charts. Support for the index lies in the zone of 20000 to 20200 where 100 & 200 Daily SMA are positioned. If the index closes below the levels of 20000 then the index can drift to the levels of 19300 where long term trend-line support for the index is lying. During the week the index manages to hit a low of 20234 and close the week around the levels of 20439.

Support for the index lies in the zone of 20000 to 20200 where 100 & 200 Daily SMA are positioned. If the index closes below the levels of 20000 then the index can drift to the levels of 19300 where long term trend-line support for the index is lying.

Resistance for the index lies in the zone of 20600 where trend-line joining highs is positioned. If the index manages to close above this levels then the index can move to the levels of 21000.

Broad range for the index in the coming week is seen from 19800 to 20000 on downside to 20800 to 21000 on upside.

CNX IT Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for CNX IT for the week (October 19, 2015 – October 23, 2015):

 

CNX IT:

 

 

CNXIT

 

 

CNX IT index closed the week on negative note losing around 4.0%.

As we have mentioned last week that support for the index lies in the zone of 11500 to 11650 where 100 and 200 Daily SMA are positioned. If the index closes below the levels of 11500 then the index can drift to the levels of 11000 to 11200 where trend-line and channel support for the index are positioned. During the week the index manages to hit a low of 11300.

Support for the index lies in the zone of 11000 to 11200 where trend-line and channel support for the index are positioned. If the index breaks below this levels on closing basis then the index can drift to the levels of 10500 to 10700 where 500 Daily SMA and 100 Weekly SMA are positioned.

Resistance for the index lies in the zone of 11500 to 11700 where 100 Daily SMA and 200 Daily SMA are positioned. If the index manages to close above this levels then the index can move to the levels of 12000 where channel resistance for the index is positioned.

Broad range for the index in the coming week is seen from 11000 on downside to 11600 on upside.

Bank Nifty Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (October 19, 2015 – October 23, 2015):

 

BANK NIFTY:

 

 

BANKNIFTY

 

 

Bank Nifty ended the week on positive note gaining around 2.0%.

As we have mentioned last week that if the index manages to close above the levels of 17800 then the index can move to the levels of 18000 to 18500 where 100 & 200 Daily SMA and channel resistance for the index are positioned. During the week the index manages to hit a high of 17947 and virtually close around the high levels of the week.

Support for the index lies in the zone of 17300 to 17500. If the index closes below this levels then the index can move to the levels of 16800 to 17000 where channel support for the index is lying.

The index has closed around the resistance zone of 18000 where 100 Daily SMA is positioned. If the index manages to close above the levels of 18000 then the index can move to the levels of 18000 to 18500 where 100 & 200 Daily SMA and channel resistance for the index are positioned.

Range for the week is seen from 17300 to 17500 on downside to 18300 to 18500 on upside.

Nifty Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for Nifty for week (October 19, 2015 – October 23, 2015):

 

NIFTY:

 

 

NSE Nifty

 

 

CNX Nifty ended 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 8050 from where the index has broken out of the Inverse Head & Shoulder pattern. If the index breaks below the levels of 8050 on closing basis then the index can drift to the levels of 7800 where support for the index is positioned. During the week the index made a low of 8088 and bounce to close the week around the levels of 8241.

The index has closed above the 100 Daily SMA which is lying around the levels of 8200. Support for the index lies in the zone of 8050 to 8100 from where the index has broken out of the Inverse Head & Shoulder pattern.

Strong resistance for the index lies in the zone of 8380 to 8450 where 200 Daily SMA and channel resistance for the index is positioned.

Broad range for the week is seen from 8100 on downside to 8400 on upside.

Share Market Tips for – Tuesday, October 13, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive. EquityPandit predicted that market is still in positive zone and traders should hold long positions until Nifty holds 8100 levels for Nifty. Market moved sharply positive where BankNifty saw strong resistance right at EquityPandit’s predicted resistance levels of 17750 but was not able to hold higher levels and saw sharp profit booking. Nifty fell down to see lows right near EquityPandit’s predicted support levels of 8132 for Nifty. Sensex also saw lows right at EquityPandit’s predicted support levels of 26850 like a dot.

Today: Indian Stock Market would open flat. Technically, Market is in positive zone as of now but loosing its momentum. TCS would disclose its results today and would decide the further market direction. 8100 is important level for Nifty to watch out for, closing below 8100, would confirm weakness in Nifty and traders can exit long positions by then. For now the trade is to hold long position. Bank Nifty would enter into negative zone once it closes below 17210 levels, below which one should go short in BankNifty but for now, it is in positive zone and traders should go long at every dip in the market for the targets of 17850 and and 18220. FIIs were net buyers of Rs.317.56 crores whereas DIIs were net sellers of Rs.175.07 crores in last trading session. Nifty would see strong support at 8100-8035-8005 whereas strong resistance would be seen at 8180-8230-8297-8347 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

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

Important Results to be disclosed today: DCBBANK and TCS

NSE Nifty: (8144) The support for the Nifty is 8100-8035-8005 and the resistance to the up move is at 8180-8230-8297-8347 levels.

NSE BankNifty: (17583) The support for BankNifty is at 17497-17365-17200-16950 and the resistance to the up move is at 17750-17850-18120-18220 levels.

BSE Sensex: (26904) The support for the Sensex is at 26850-26660-26580 and the resistance to the up move is at 27165-27445-27565 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 – Monday, October 12, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive. EquityPandit also predicted that market is still in positive zone and traders should go long at every dip in the market where support would be seen at 8125 and resistance would be seen at 8232 and exactly same happened. Finally, EquityPandit’s target of 8207 achieved for Nifty. Traders, who followed EquityPandit’s advice to go long at every dip in the market might have earned huge profits for the day. Nifty saw strong support near EquityPandit’s predicted support levels of 8125 whereas saw highs right at EquityPandit’s predicted resistance levels of 8230 like a dot. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open gap positive. Technically, Analysis would still remain same and Market is in positive zone where traders should go long at every dip in the market. 8100 is important level for Nifty to watch out for, closing below 8100, would confirm weakness in Nifty and traders can exit long positions by then. For now the trade is to hold long position. Bank Nifty would enter into negative zone once it closes below 17210 levels, below which one should go short in BankNifty but for now, it is in positive zone and traders should go long at every dip in the market for the targets of 17850 and and 18220. FIIs were net buyers of Rs.483.86 crores whereas DIIs were net sellers of Rs.369 crores in last trading session. Nifty would see strong support at 8132-8100-8035-8005 whereas strong resistance would be seen at 8230-8297-8347 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: (8190) The support for the Nifty is 8132-8100-8035-8005 and the resistance to the up move is at 8230-8297-8347 levels.

NSE BankNifty: (17590) The support for BankNifty is at 17497-17365-17200-16950 and the resistance to the up move is at 17750-17850-18120-18220 levels.

BSE Sensex: (27080) The support for the Sensex is at 27000-26850-26660-26580 and the resistance to the up move is at 27200-27445-27565 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 (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for Colgate Palmoilve for the week (October 12, 2015 – October 16, 2015):

 

COLGATE PALMOLIVE:

 

 

COLPAL

 

 

Colgate Palmolive (NSE: COLPAL) closed the week on negative note losing around 3.0%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 921 and close the week around the levels of 931.

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 954. If the stock manages to close above the levels of 954 then the stock can move to the levels of 980 where 100 & 200 Daily SMA are positioned.

Broad range for the stock is seen between 910 to 920 on lower end and 960 to 980 on upper end.

Dabur Outlook for the Week (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for DABUR for the week (October 12, 2015 – October 16, 2015):

 

DABUR:

 

 

DABUR

 

 

Dabur closed the week on positive note gaining around 0.40%.

During the week the stock was trading in the tight range of 274 on downside to 285 on upside.

Resistance for the stock lies in the zone of 280, 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.

The stock is forming a descending triangle pattern. If the stock manages to break out and close above this triangle pattern then the targets for the same can be in the range of 295.

Broad range for the stock is seen between 265 to 270 on lower end and 290 to 295 on upper end.

Hindustan Unilever Outlook for the Week (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for Hindustan Unilever for the week (October 12, 2015 – October 16, 2015):

 

HINDUSTAN UNILEVER:

 

 

HINDUNILVR

 

 

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

As we have mentioned last week that the stock has managed to close above the trend-line resistance of 815. 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 and 100 & 200 Daily SMA are positioned. During the week the stock manages to hit a high of 832 and close the week around the levels of 818.

Support for the stock lies in the range of 780 to 800. 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 has formed a Doji pattern on weekly charts in an uptrend indicating the indecision amongst the traders about the further direction of the stock.

The stock has managed to close above the trend-line resistance of 810. If the stock manages to close above the levels of 830 the stock can move to the levels of 860 where upward moving trend-line is positioned and 100 & 200 Daily SMA are positioned.

Broad range for the stock in coming week is seen between 780 to 800 on downside and 840 to 860 on upside.

ITC Outlook for the Week (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for ITC for the week (October 12, 2015 – October 16, 2015):

 

ITC:

 

 

COLPAL

 

 

ITC closed the week on positive note gaining around 4.50%.

As we have mentioned last week that resistance for the stock lies in the zone of 335 to 340 where 200 & 500 Daily SMA and 100 Weekly SMA are positioned. If the stock manages to close above the levels of 340, then the stock can move to the levels of 360. During the week the stock manages to hit a high of 350 and close the week around the levels of 343.

Support for the stock lies in the zone of 330 to 335 where 200 & 500 Daily SMA and 100 Weekly SMA are positioned. If the stock breaks below the levels of 330 on closing basis then the stock can drift to the levels of sub 315.

Resistance for the stock lies in the zone of 355 to 360 from where the stock has sold off in the month of March – 2015 & April – 2015.

The stock has broken out of the consolidation range of 300 to 335, in which the stock is consolidating for 3 months.

Broad range for the stock in coming week is seen between 325 to 330 on downside and 360 to 365 on upside.

Cipla Outlook for the Week (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for Cipla for the week (October 12, 2015 – October 16, 2015):

 

CIPLA:

 

 

CIPLA

 

 

CIPLA closed the week on positive note gaining around 9%.

As we have mentioned last week that resistance for the stock lies in the zone of 650 to 660 where 100 and 200 Daily SMA are positioned above which the stock can move to the levels of 680 to 700. During the week the stock manages to hit a high of 692 and virtually close at the high point around the levels of 689.

Support for the stock lies in the range of 650 to 660 where 100 & 200 Daily SMA are positioned. If the stock closes below the levels of 650 then the stock can drift to the levels of 620 where trend-line support for the stock is lying.

The stock has broken out of the triangle pattern. Targets for the same can be in the range of 720 to 740.

Stock can face minor resistance around the zone of 700 where trend-line resistance for the stock is lying. If the stock manages to close above the levels of 710 then the stock can move to the levels of 740 where trend-line joining earlier highs is positioned.

Broad range for the stock is seen in the range of 650 – 660 on downside to 700 – 710 on upside.

Dr. Reddy Outlook for the Week (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (October 12, 2015 – October 16, 2015):

 

DR. REDDY:

 

 

DRREDDY

 

 

Dr Reddy closed the week on positive note gaining more than 0.5%.

As we have mentioned last week that resistance for the stock lies in the range of 4290 to 4320 where trend-line joining highs is positioned. If the stock manages to move above this levels on closing basis then the stock can move to the levels of 4400. During the week the stock manages to hit a high of 4304 and retraced back to the levels of 4186 and close the week around the levels of 4257.

Resistance for the stock lies in the range of 4290 to 4320 where trend-line joining highs is positioned. If the stock manages to move above this levels on closing basis then the stock can move to the levels of 4400.

Support for the stock lies in the range of 4100 to 4150 where short term moving averages are positioned.

The stock has been forming a Bearish pattern on daily charts in an uptrend.

Broad range for the stock is seen from 4150 – 4170 on downside to 4320 – 4350 on upside.

Lupin Outlook for the Week (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for Lupin for the week (October 12, 2015 – October 16, 2015):

 

LUPIN:

 

 

LUPIN

 

 

Lupin closed the week on negative note losing around 2.5%.

As we have mentioned last week that resistance for the stock lies in the range of 2120 where upper end of the channel is positioned. This channel is formed by joining the lows of 1588 (14/05/2015) and 1590 (29/07/2015) and highs of 2115 (08/04/2015). During the week the stock manages to hit a high of 2129 and sold off to the levels of 2027. The stock closed the week around the levels of 2055.

Support for the stock lies in the range of 2000 to 2030 where short term moving averages are positioned. If the stock closes below this levels then the stock can drift to the levels of 1900 where trend-line support for the stock is positioned.

Resistance for the stock lies in the range of 2120 where upper end of the channel is positioned. This channel is formed by joining the lows of 1588 (14/05/2015) and 1590 (29/07/2015) and highs of 2115 (08/04/2015). If the stock manages to close above the levels of 2120 then the stock can move to the levels of 2150 to 2170.

Broad range for the stock is seen from 2000 – 2030 on downside to 2130 – 2150 on upside.

Sun Pharma Outlook for the Week (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for Sun Pharma for the week (October 12, 2015 – October 16, 2015):

 

SUN PHARMA:

 

 

SUNPHARMA

 

 

SUN PHARMA closed the week on positive note gaining around 1.7%.

As we have mentioned last week that 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 3 months. During the week the stock manages to hit a high of 934 and close the week around the levels of 906.

Resistance for the stock lies in the range of 920 to 930 where 200 Daily SMA is positioned. If the stock manages to close above the levels of 930 the stock can move to the levels of 960 from where the stock has corrected couple of times in last 3 months.

Support for the stock lies in the range of 860 to 880 where 100 Daily SMA and long term trend-line support for the stock is lying. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 830.

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

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 (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for Wipro for the week (October 12, 2015 – October 16, 2015):

 

WIPRO:

 

 

WIPRO

 

Wipro closed the week on negative note losing around 1.2%.

As we have mentioned last week that the stock has formed a Bearish pattern on daily charts in an uptrend indicating the trend reversal. The stock has formed a Doji pattern on weekly charts in an uptrend indicating the indecision among the traders about the further direction of the stock. During the week the stock manages to hit a high of 610 and sold off to the levels of 585.

Support for the stock lies in the zone of 570 to 580 where 200 Daily SMA are positioned and channel support for the stock are positioned. If the stock closes below this levels then the stock can drift to the levels of 560 to 565 where 100 & 500 Daily SMA are positioned.

The stock is approaching towards the strong resistance zone of 620 to 630 where upper end of the channel is positioned. The stock has been moving in this channel since the month of April – 2015.

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 (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for HCL Tech for the week (October 12, 2015 – October 16, 2015):

 

HCL TECHNOLOGIES:

 

 

HCLTECH

 

 

HCL Technologies (NSE: HCLTECH) closed the week on negative note losing around 1.0%.

As we have mentioned last week that technically the stock has support around the levels of 830 from where the stock has bounced in the month of April – 2015. Below the levels of 830 the stock can drift to the levels of 800 where 500 Daily SMA is lying. During the week the stock manages to hit a low of 811 and bounced to close the week around the levels of 849.

Support for the stock lies in the zone of 800 where 500 Daily SMA, 100 Weekly SMA and trend-line support for the stock are positioned. If the stock breaks below the levels of 800 then the stock can drift to the levels of 750.

Resistance for the stock lies in the range of 850 to 870 where trend-line resistance for the stock is positioned. If the stock manages to close above the levels of 870 then the stock can move to the levels of 930 to 940 where 100 & 200 Daily SMA are positioned.

The stock has formed a Doji pattern in strong downtrend indicating the trend reversal.

Broad range for the stock in the coming week is seen between 810 to 820 on downside to 870 to 880 on upside.

TCS Outlook for the Week (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for TCS for the week (October 12, 2015 – October 16, 2015):

 

TATA CONSULTANCY SERVICES:

 

 

TCS

 

 

TCS closed the week on negative note losing around 0.50%.

As we have mentioned last week that resistance for the stock lies in the range of 2750 where upper end of the channel is positioned in which the stock is moving since April – 2015. During the week the stock manages to hit a high of 2770 and sold off to close the week around the levels of 2629.

Support for the stock lies in the range of 2570 where 100 and 200 Daily SMA are positioned. Below this levels the stock can drift to the levels of 2500 where lower end of the channel is positioned in which the stock is moving since April – 2015.

Resistance for the stock lies in the range of 2750 where upper end of the channel is positioned in which the stock is moving since April – 2015.

The stock has formed a Shooting Star pattern on weekly charts in an uptrend indicating the trend reversal. The stock has to close above the levels of 2770 to negate this pattern.

Broad range for the stock in the coming week is seen between 2580 to 2600 on downside to 2680 to 2700 on upside.

Infosys Outlook for the Week (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for Infosys for the week (October 12, 2015 – October 16, 2015):

 

INFOSYS:

 

 

INFY

 

 

INFOSYS  (NSE: INFY) closed the week on week note losing around 0.50%.

As we have mentioned last week that the stock has hit a trend-line which was created by joining the earlier highs. So resistance for the stock can be in the range of 1190 to 1200 levels. If the stock manages to close above the levels of 1200 then the stock can move to the levels of 1230. During the week the stock manages to hit a high of 1192.55 and sold off to the levels of 1126. The stock close the week around the levels of 1167.

On 12/10/2015, the company is releasing the quarterly and half yearly results.

Support for the stock lies in the range of 1130 to 1140. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 1100. Below the levels of 1100 the stock can drift to the levels of 1060 where 100 & 200 Daily SMA are positioned.

The stock has hit a trend-line which was created by joining the earlier highs. So resistance for the stock can be in the range of 1190 to 1200 levels. If the stock manages to close above the levels of 1200 then the stock can move to the levels of 1230.

Broad range for the stock in the coming week is seen between 1120 to 1140 on downside to 1200 to 1220 on upside.

SBI Outlook for the Week (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for SBI for the week (October 12, 2015 – October 16, 2015):

 

STATE BANK OF INDIA:

 

 

SBIN

 

 

State Bank Of India (NSE: SBIN) closed the week on positive note gaining around 3.5%.

As we have mentioned last week that the stock has been facing stiff resistance around the levels of 245 to 250 where 100 Weekly SMA is lying. 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. During the week the stock manages to hit a high of 247.8 and close the week around the levels of 243.45.

The stock has the strong support zone around the levels of 240 where 500 Daily SMA is positioned. If the stock breaks below this levels then the stock can drift to the strong support zone of 220 to 225 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 245 to 250 where 100 Weekly SMA is lying. 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.

Broad range for the stock in the coming week can be 225 – 230 on lower side to 255 – 260 on upper side.

Axis Bank Outlook for the Week (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for Axis Bank for the week (October 12, 2015 – October 16, 2015):

 

AXIS BANK:

 

 

AXISBANK

 

 

Axis Bank closed the week on negative note losing around 1.1%.

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 518 and retraced back to close the week around the levels of 490.

Support for the stock lies in the range of 465 to 475 where channel support for the stock is lying. If the stock closes below this levels then the stock can drift to the levels of 450.

Resistance for the stock lies in the zone of 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 460 – 470 on lower side to 520 – 530 on upper side.

ICICI Bank Outlook for the Week (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for ICICI Bank for the week (October 12, 2015 – October 16, 2015):

 

ICICI BANK:

 

 

ICICIBANK

 

 

ICICI Bank closed the week on positive note gaining more than 7%.

As we have mentioned last week that resistance for the stock lies in the range of 285 to 290 where 500 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 manages to hit a high of 288 before closing the week around the levels of 286.

Support for the stock lies in the range of 275 to 280 where short term moving averages and 500 Daily SMA are positioned below which the stock can drift to the levels of around 265 where long term trend-line for the stock is positioned.

Resistance for the stock lies in the zone of 290 to 300 where trend-line resistance and 100 Daily SMA are positioned. If the stock manages to close above the levels of 300 then the stock can move to the levels of 315 where 200 Daily SMA is positioned.

Broad range for the stock in the coming week can be 270 – 275 on lower side to 300 – 310 on upper side.

HDFC Bank Outlook for the Week (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for HDFC Bank for the week (October 12, 2015 – October 16, 2015):

 

HDFC BANK:

 

 

HDFCBANK

 

 

HDFC Bank closed the week on positive note gaining around 1.7%.

As we have mentioned last week that the major resistance for the stock lies in the range of 1100 to 1120 so this week we expect the stock to move to the levels of 1100. During the week the stock hit a high of 1108 and traded in the tight range of 1075 on downside to 1100 on upside.

Support for the stock lies in the zone of 1040 to 1050 where 100 & 200 Daily SMA is lying. If the stock breaks below the levels of 1030 on closing basis then the stock can drift to the levels of 980 to 1000.

Major resistance for the stock lies in the range of 1100 to 1120 where all time high of the stock is lying. If the stock manages to close above the levels of 1120 then the stock can move to the levels of 1150.

Broad range for the stock in the coming week can be 1040 – 1060 on lower side to 1120 – 1130 on upper side.

CNX Energy Outlook for the Week (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for CNX Energy for the week (October 12, 2015 – October 16, 2015):

 

CNX ENERGY:

 

 

CNXENERGY

 

 

CNX ENERGY index closed the week on positive note gaining around 3.5%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 8062 before closing the week around the levels of 7922.

Support for the index lies in the zone of 7800 from where the index has broken out of the 2 months of consolidation. If the index closes below the levels of 7800 then the index can drift to the levels of 7600.

Resistance for the index lies in the zone of 8050 to 8100. If the index manages to close above the levels of 8100 then the index can move to the levels of 8200 to 8300 where 1000 and 100 Daily SMA are positioned.

Broad range for the index is seen between 7700 to 7750 on downside to 8150 to 8200 on upside.

CNX Auto Outlook for the Week (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for CNX Auto for the week (October 12, 2015 – October 16, 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 has formed a Dragon Fly doji pattern on weekly charts in a downtrend indicating the trend reversal. If the index manages to close above the levels of 7850 then the index can move to the levels of 8050. The index manages to hit a high of 8098 during the week and close the week around the levels of 8050.

The index is trading around the strong resistance zone of 8050 from where the index has broken down. If the index manages to close above the levels of 8050 the index can move to the levels of 8200 to 8400 where 100 & 200 Daily SMA and channel resistance for the index are lying.

Support for the index lies in the zone of 7900 where trend-line support for the index is lying. If the index breaks below the levels of 7900 on closing basis then the index can move to the levels of 7600 to 7700 where channel support for the index is positioned.

Broad range for the index is seen from 7800 to 7850 on downside to 8250 to 8300 on upside.

CNX Pharma Outlook for the Week (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for CNX Pharma for the week (October 12, 2015 – October 16, 2015):

 

CNX PHARMA:

 

 

CNXPHARMA

 

 

CNX PHARMA index closed the week on positive note gaining around 1%.

As we have mentioned last week that resistance for the index lies in the zone of 13300 from where the index has sold off earlier. If the index manages to close above the levels of 13300 then the index can move to the levels of 13600 where trend-line joining earlier highs is positioned. During the week the index struggle to hold to the levels of 13300 on closing basis. The index closed the week around the levels of 13270.

Support for the index lies in the zone of 13000 from where the index has broken out. If the index manages to move below the levels of 13000 on closing basis, then the index can drift to the levels of 12200 to 12500 where 100 and 200 Daily SMA are positioned.

Resistance for the index lies in the zone of 13300 from where the index has sold off earlier. If the index manages to close above the levels of 13300 then the index can move to the levels of 13600 where trend-line joining earlier highs is positioned.

Broad range for the index is seen from 12800 to 13000 on downside to 13600 to 13700 on upside.

CNX FMCG Outlook for the Week (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for CNX FMCG for the week (October 12, 2015 – October 16, 2015):

 

CNX FMCG:

 

 

CNXFMCG

 

 

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

As we have mentioned last week that the index has formed a Shooting Star pattern on daily charts on 01/10/2015 around the resistance zone of 20300. Resistance for the index lies in the zone of 20300 to 20500 above which the index can move to the levels of 21000. During the week the index manages to hit a high of 20767 and close the week around the levels of 20479.

The index has been forming the bearish pattern on daily charts. Support for the index lies in the zone of 20000 to 20200 where 100 & 200 Daily SMA are positioned. If the index closes below the levels of 20000 then the index can drift to the levels of 19300 where long term trend-line support for the index is lying.

Resistance for the index lies in the zone of 20800 to 21000 from where the index has sold off in the month of August – 2015. If the index manages to close above the levels of 21000 then the index will break out of the range of 19000 to 21000 in which the index is moving since last 5 months.

Broad range for the index in the coming week is seen from 19800 to 20000 on downside to 20800 to 21000 on upside.

CNX IT Outlook for the Week (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for CNX IT for the week (October 12, 2015 – October 16, 2015):

 

CNX IT:

 

 

CNXIT

 

 

CNX IT index closed the week on negative note losing around 0.60%.

As we have mentioned last week that the index has been forming the bearish pattern on daily charts. Support for the index lies in the zone of 11400 to 11600 where 100 & 200 Daily SMA are positioned. During the week the index struggle to hold the levels of 12000 and the index sold off to the levels of 11600. The index close the week around the levels of 11800.

On 12/10/2015, one of the IT giant INFY is releasing the quarterly and half yearly results, which will decide the further direction of the index.

Support for the index lies in the zone of 11500 to 11650 where 100 and 200 Daily SMA are positioned. If the index closes below the levels of 11500 then the index can drift to the levels of 11000 to 11200 where trend-line and channel support for the index 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 11500 on downside to 12300 on upside.

Bank Nifty Outlook for the Week (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (October 12, 2015 – October 16, 2015):

 

BANK NIFTY:

 

 

BANKNIFTY

 

 

Bank Nifty ended the week on positive note gaining around 2.4%.

As we have mentioned last week that the index has been facing stiff resistance around the levels of 17500 to 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. During the week the index struggle to move above the levels of 17600 to 17750.

Support for the index lies in the zone of 17000 to 17200. If the index closes below this levels then the index can move to the levels of 16000 to 16500 where channel support for the index is lying.

If the index manages to close above the levels of 17800 then the index can move to the levels of 18000 to 18500 where 100 & 200 Daily SMA and channel resistance for the index are positioned.

Range for the week is seen from 16500 to 16750 on downside to 18000 to 18300 on upside.

Nifty Outlook for the Week (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for Nifty for week (October 12, 2015 – October 16, 2015):

 

NIFTY:

 

 

NSE Nifty

 

 

CNX Nifty ended the week on positive note gaining around 2.8%.

As we have mentioned last week that if the index manages to close above the levels of 8050 with heavy volumes, then the index can move to the levels of 8250 to 8300 where 100 & 200 Daily SMA are positioned. The index manages to hit a high of 8232 during the week and ended the week around the levels of 8178.

The index is approaching towards the strong resistance zone of 8250 to 8350 where 100 & 200 Daily SMA and channel resistance are positioned.

Support for the index lies in the zone of 8050 from where the index has broken out of the Inverse Head & Shoulder pattern. If the index breaks below the levels of 8050 on closing basis then the index can drift to the levels of 7800 where support for the index is positioned.

On 12/10/2015, IT giant Infy will kick start the quarterly & half yearly results. So we expect the index to be highly volatile during the week.

Broad range for the week is seen from 7900 on downside to 8400 on upside.

Share Market Tips for – Friday, October 09, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that analysis would still remain same and some profit booking can be seen in the market and exactly same happened. Nifty saw highs right near EquityPandit’s predicted resistance levels of 8207. Sensex also saw strong resistance near EquityPandit’s predicted resistance levels of 27120. Finally, Indian Stock Market saw sharp profit booking and closed right near EquityPandit’s predicted support levels of 8125 levels for Nifty and 26850 levels for Sensex.

Today: Indian Stock Market would open gap positive. Technically, Analysis would still remain same. Market is in positive zone and traders should go long at every dip in the market. 8100 is important level for Nifty to watch out for, closing below 8100, would confirm weakness in Nifty. Nifty would enter into negative zone once it closes below levels of 8035, until then one should hold long positions for the targets of 8207 and 8350. Bank Nifty would enter into negative zone once it closes below 17210 levels, below which one should go short in BankNifty but for now, it is in positive zone and traders should go long at every dip in the market for the targets of 17850 and and 18220. FIIs were net sellers of Rs.48.89 crores whereas DIIs were net sellers of Rs.299.75 crores in last trading session. Nifty would see strong support at 8100-8035-8005-7980 whereas strong resistance would be seen at 8180-8207-8230-8297 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: (8129) The support for the Nifty is 8125-8100-8035-8005 and the resistance to the up move is at 8207-8230-8297-8350 levels.

NSE BankNifty: (17474) The support for BankNifty is at 17365-17200-16950 and the resistance to the up move is at 17650-17850-18120-18220 levels.

BSE Sensex: (26846) The support for the Sensex is at 26850-26660-26580-26375 and the resistance to the up move is at 27100-27140-27445-27565 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 – Thursday, October 08, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that some profit booking might be seen at higher levels but traders should buy at every dip in the market and exactly same happened. Nifty fell down sharply to 8132 levels from day highs. Traders, who followed EquityPandit’s advice to buy at dips might have earned good profits for the day. BankNifty also saw strong support near EquityPandit’s predicted support levels of 17500. Finally, Indian Stock Market closed flat with positive bias.

Today: Indian Stock Market would open flat. Technically, Analysis would still remain same and the trade is to buy at dips or hold long positions as of now. Nifty, Bank Nifty and Sensex are in positive zone and traders should continue to hold long positions. Some profit booking may be seen at higher levels but traders should take it as an opportunity to buy on dips. Now next target for Nifty is 8207 and 8350. BankNifty can see levels of 17850 and 18220 levels in days to come. FIIs were net sellers of Rs.50.60 crores whereas DIIs were net sellers of Rs.218.75 crores in last trading session. Nifty would see strong support at 8125-8050-8005-7980 whereas strong resistance would be seen at 8207-8230-8297-8350 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: (8177) The support for the Nifty is 8125-8050-8005-7980 and the resistance to the up move is at 8207-8230-8297-8350 levels.

NSE BankNifty: (17617) The support for BankNifty is at 17520-17365-17200 and the resistance to the up move is at 17850-18120-18220 levels.

BSE Sensex: (27036) The support for the Sensex is at 26850-26660-26580-26375 and the resistance to the up move is at 27100-27140-27445-27565 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, October 07, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that Indian Stock Market is in positive zone and traders should continue to hold long positions as of now and exactly same happened. Traders, who followed EquityPandit’s advice to hold long positions might have earned decent profits for the day. BankNifty almost saw highs near EquityPandit’s targets of 17850 levels but there it faced strong selling pressure due to profit booking. Finally, Nifty and Sensex closed positive for the day.

Today: Indian Stock Market would open flat. Technically, Nifty, Bank Nifty and Sensex are in positive zone and traders should continue to hold long positions. Some profit booking may be seen at higher levels but traders should take it as an oppotunity to buy on dips. Now next target for Nifty is 8207 and 8350. BankNifty can see levels of 17850 and 18220 levels in days to come. FIIs were net buyers of Rs.480.24 crores whereas DIIs were net sellers of Rs.424.60 crores in last trading session. Nifty would see strong support at 8050-8005-7980 whereas strong resistance would be seen at 8207-8230-8297-8350 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: (8153) The support for the Nifty is 8050-8005-7980 and the resistance to the up move is at 8207-8230-8297-8350 levels.

NSE BankNifty: (17605) The support for BankNifty is at 17520-17365-17200 and the resistance to the up move is at 17850-18120-18220 levels.

BSE Sensex: (26933) The support for the Sensex is at 26660-26580-26375 and the resistance to the up move is at 27060-27140-27445-27565 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, October 06, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that both Nifty and Bank Nifty are in positive zone and traders should go long with strict stoploss of 16950 for BankNifty and exactly same happened. Indian Stock Market moved sharply positive as predicted by EquityPandit. Traders, who followed EquityPandit’s advice to go long might have earned whooping profits for the day. Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open gap positive. Technically, Nifty, Bank Nifty and Sensex has confirmed Inverse Head & Shoulder Pattern that is bullish in nature. Now next target for Nifty is 8207 and 8350. BankNifty can see levels of 17850 and 18220 levels in days to come. Market would now cover all the gaps that it has made in downtrend. Traders should undoubtedly continue with long positions for EquityPandit given targets. FIIs were net buyers of Rs.649.90 crores whereas DIIs were net buyers of Rs.365.77 crores in last trading session. Nifty would see strong support at 8050-8005-7980 whereas strong resistance would be seen at 8207-8230-8297-8350 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: (8119) The support for the Nifty is 8050-8005-7980 and the resistance to the up move is at 8207-8230-8297-8350 levels.

NSE BankNifty: (17674) The support for BankNifty is at 17520-17365 and the resistance to the up move is at 17850-18120-18220 levels.

BSE Sensex: (26786) The support for the Sensex is at 26660-26580-26375 and the resistance to the up move is at 26983-27140-27445-27565 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, October 05, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that Indian Stock Market is in positive zone and breaching levels of 8050 would push Nifty sharply positive upto 8350 but anyhow Nifty saw strong resistance at EquityPandit’s predicted resistance levels of 8000 for Nifty. EquityPandit also predicted that BankNifty has entered into positive zone but surprisingly, Axis Bank and ICICI Bank has entered into negative zone that may resist Bank Nifty to move positive and exactly same happened. Bank Nifty saw pressure at higher levels and closed in negative. Finally, Indian Stock Market close flat for the day.

Today: Indian Stock Market would open gap positive. Technically, both Nifty and Bank Nifty are in positive zone. Analysis would still remain same. Breaching levels of 8050 for Nifty would confirm an Inverse Head and Shoulder pattern that is bullish in nature and if it happens, it would push Nifty to 8350 levels. Traders should trade long but with a caution. Surprisingly, Axis Bank and ICICI Bank, that are the major components of Bank Nifty has entered into negative zone. So, traders should put a strict stoploss of 16953 levels for Bank Nifty, breaching which traders can undoubtedly go short in the market. For now, the trade is in long direction with strict stoploss. FIIs were net buyers of Rs.48.6 crores whereas DIIs were net buyers of Rs.152.18 crores in last trading session. Nifty would see strong support at 7860-7785-7736-7678 whereas strong resistance would be seen at 8005-8021-8055-8091 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: (7954) The support for the Nifty is 7860-7785-7736-7678 and the resistance to the up move is at 8005-8021-8055-8091 levels.

NSE BankNifty: (17150) The support for BankNifty is at 16953-16875-16780-16680 and the resistance to the up move is at 17354-17450-17570-17660 levels.

BSE Sensex: (26221) The support for the Sensex is at 25918-25725-25530 and the resistance to the up move is at 26340-26471-26687 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 (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for Colgate Palmoilve for the week (October 05, 2015 – October 09, 2015):

 

COLGATE PALMOLIVE:

 

 

COLPAL

 

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a high of 974 and close the week around the levels of 962.

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.

The stock has formed a Shooting Star pattern on daily charts around the strong resistance zone. 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 930 to 940 on lower end and 980 to 990 on upper end.

Dabur Outlook for the Week (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for DABUR for the week (October 05, 2015 – October 09, 2015):

 

DABUR:

 

 

DABUR

 

 

Dabur closed the week on positive note gaining around 1.4%.

During the week the stock was trading in the tight range of 272 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.

The stock is forming a descending triangle pattern. If the stock manages to break out and close above this triangle pattern then the targets for the same can be in the range of 295.

Broad range for the stock is seen between 265 to 270 on lower end and 290 to 295 on upper end.

Hindustan Unilever Outlook for the Week (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for Hindustan Unilever for the week (October 05, 2015 – October 09, 2015):

 

HINDUSTAN UNILEVER:

 

 

HINDUNILVR

 

 

Hindustan Unilever (NSE: HINDUNILVR) closed the week on positive note gaining around 4.5%.

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. During the week the stock manages to hit a high of 827.25 and close the week around the levels of 816.

Support for the stock lies in the range of 775 to 780. 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 has formed a Doji pattern on daily charts in an uptrend indicating the indecision amongst the traders about the further direction of the stock.

The stock has managed to close above the trend-line resistance of 815. 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 and 100 & 200 Daily SMA are positioned.

Broad range for the stock in coming week is seen between 780 to 800 on downside and 840 to 860 on upside.

ITC Outlook for the Week (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for ITC for the week (October 05, 2015 – October 09, 2015):

 

ITC:

 

 

ITC

 

 

ITC closed the week on positive note gaining around 2.0%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 333.85 and close the week around the levels of 329.

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 310 on closing basis then the stock can drift to the levels of sub 300.

Resistance for the stock lies in the zone of 335 to 340 where 200 & 500 Daily SMA and 100 Weekly SMA are positioned. If the stock manages to close above the levels of 340, then the stock can move to the levels of 360.

The stock has been consolidating in the range of 300 on downside to 335 on upside since last 5 months. A breakout on either side will move the stock further 4% to 5% in that direction. The stock has formed a Hammer pattern on monthly charts in downtrend and consolidation phase indicating the trend reversal.

Broad range for the stock in coming week is seen between 315 to 320 on downside and 345 to 350 on upside.

Cipla Outlook for the Week (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for Cipla for the week (October 05, 2015 – October 09, 2015):

 

CIPLA:

 

 

CIPLA

 

 

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

As we have mentioned last week that 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. The stock manages to hit a low of 628 during the week and close the week around the levels of 633.

Resistance for the stock lies in the zone of 650 to 660 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 615 to 625 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 (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (October 05, 2015 – October 09, 2015):

 

DR. REDDY:

 

 

DRREDDY

 

 

Dr Reddy closed the week on positive note gaining more than 6.5%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 4250 and close the week at virtually the highest point around the levels of 4233.

Resistance for the stock lies in the range of 4290 to 4320 where trend-line joining highs is positioned. If the stock manages to move above this levels on closing basis then the stock can move to the levels of 4400.

Support for the stock lies in the range of 4100 to 4150 where short term moving averages are positioned.

The stock has formed a Hanging man pattern on monthly charts in an uptrend indicating the trend reversal. The stock has to sustain above the levels of 4310 on monthly closing basis to negate this pattern.

Broad range for the stock is seen from 4150 – 4170 on downside to 4320 – 4350 on upside.

Lupin Outlook for the Week (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for Lupin for the week (October 05, 2015 – October 09, 2015):

 

LUPIN:

 

 

LUPIN

 

 

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

As we have mentioned last week that the stock is in strong uptrend and the stock is approaching towards the all time high around the levels of 2100. During the week the stock manages to hit a high of 2128 and close the week around the around the levels of 2109.

Support for the stock lies in the range of 2000 to 2050 where short term moving averages are positioned.

Resistance for the stock lies in the range of 2120 where upper end of the channel is positioned. This channel is formed by joining the lows of 1588 (14/05/2015) and 1590 (29/07/2015) and highs of 2115 (08/04/2015).

During this week we expect the stock to consolidate in the range of 2020 on downside to 2130 on upside.

Broad range for the stock is seen from 2000 – 2030 on downside to 2130 – 2150 on upside.

Sun Pharma Outlook for the Week (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for Sun Pharma for the week (October 05, 2015 – October 09, 2015):

 

SUN PHARMA:

 

 

SUNPHARMA

 

 

SUN PHARMA closed the week on absolutely flat note.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 840 and bounce back to close the week around the levels of 891 above the levels of 880 where 100 Daily SMA is positioned.

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 3 months.

Support for the stock lies in the range of 860 to 880 where 100 Daily SMA and long term trend-line support for the stock is lying. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 830.

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

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 (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for Wipro for the week (October 05, 2015 – October 09, 2015):

 

WIPRO:

 

 

WIPRO

 

 

Wipro closed the week on negative note losing around 0.5%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 613 and close the week around the levels of 600.

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

The stock is approaching towards the strong resistance zone of 620 to 630 where upper end of the channel is positioned. The stock has been moving in this channel since the month of April – 2015.

The stock has formed a Bearish pattern on daily charts in an uptrend indicating the trend reversal.

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

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 (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for HCL Tech for the week (October 05, 2015 – October 09, 2015):

 

HCL TECHNOLOGIES:

 

 

HCLTECH

 

 

HCL Technologies (NSE: HCLTECH) closed the week on negative note losing around 10%.

The stock sold off on 01/10/2015 when the company announced that there can be slippages in the margins in Quarterly results. The stock was down more than 15% but recovered to end the day, down more than 12%.

Technically the stock has support around the levels of 830 from where the stock has bounced in the month of April – 2015. Below the levels of 830 the stock can drift to the levels of 800 where 500 Daily SMA is lying.

Resistance for the stock lies in the range of 920 to 940 where 100 and 200 Daily SMA are positioned.

Broad range for the stock in the coming week is seen between 830 to 840 on downside to 920 to 930 on upside.

TCS Outlook for the Week (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for TCS for the week (October 05, 2015 – October 09, 2015):

 

TATA CONSULTANCY SERVICES:

 

 

TCS

 

 

TCS closed the week on positive note gaining around 2.5%

As we have mentioned last week that 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. During the week the stock manages to hit a high of 2650 and close the week virtually at the highest point of the week.

Support for the stock lies in the range of 2570 where 100 and 200 Daily SMA are positioned. Below this levels the stock can drift to the levels of 2500 where lower end of the channel is positioned in which the stock is moving since April – 2015.

Resistance for the stock lies in the range of 2750 where upper end of the channel is positioned in which the stock is moving since April – 2015.

Broad range for the stock in the coming week is seen between 2580 to 2600 on downside to 2700 to 2750 on upside.

Infosys Outlook for the Week (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for Infosys for the week (October 05, 2015 – October 09, 2015):

 

INFOSYS:

 

 

INFY

 

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a high of 1197.75 and close the week around the levels of 1173.

Support for the stock lies in the range of 1130 to 1140. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 1100.

The stock has hit a trend-line which was created by joining the earlier highs. So resistance for the stock can be in the range of 1190 to 1200 levels. If the stock manages to close above the levels of 1200 then the stock can move to the levels of 1230.

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

Broad range for the stock in the coming week is seen between 1120 to 1140 on downside to 1200 to 1220 on upside.

SBI Outlook for the Week (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for SBI for the week (October 05, 2015 – October 09, 2015):

 

STATE BANK OF INDIA:

 

 

SBIN

 

 

State Bank Of India (NSE: SBIN) closed the week on negative note losing around 1.6%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 232 and bounce to close the week around the levels of 235.

The stock has been facing stiff resistance around the levels of 245 to 250 where 100 Weekly SMA is lying. 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 closed below the strong support zone of 240 where 500 Daily SMA is positioned. Strong support for the stock lies in the range of 220 to 225 where 1000 Daily SMA and 200 Weekly SMA are 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 (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for Axis Bank for the week (October 05, 2015 – October 09, 2015):

 

AXIS BANK:

 

 

AXISBANK

 

 

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

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 manages to hit a low of 485 and close the week around the levels of 496.

Resistance for the stock lies in the zone of 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.

Support for the stock lies in the range of 470 to 480. If the stock closes below this levels then the stock can drift to the levels of 450.

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 (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for ICICI Bank for the week (October 05, 2015 – October 09, 2015):

 

ICICI BANK:

 

 

ICICIBANK

 

 

ICICI Bank closed the week on negative note losing around 0.5%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 256 and bounce to close the week around the levels of 267.

Resistance for the stock lies in the range of 285 to 290 where 500 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.

Support for the stock lies in the range of 255 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 235 where 1000 Daily and 200 Weekly SMA are positioned.

The stock has formed a Hammer pattern on Weekly charts in a downtrend indicating the trend reversal. 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 250 – 260 on lower side to 290 – 300 on upper side.

HDFC Bank Outlook for the Week (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for HDFC Bank for the week (October 05, 2015 – October 09, 2015):

 

HDFC BANK:

 

 

HDFCBANK

 

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a high of 1077 levels.

Support for the stock lies in the zone of 1040 to 1050 where 100 & 200 Daily SMA is lying. If the stock breaks below the levels of 1030 on closing basis then the stock can drift to the levels of 980 to 1000.

Major resistance for the stock lies in the range of 1100 to 1120 so this week we expect the stock to move to the levels of 1100.

Broad range for the stock in the coming week can be 1030 – 1050 on lower side to 1100 – 1120 on upper side.

CNX Energy Outlook for the Week (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for CNX Energy for the week (October 05, 2015 – October 09, 2015):

 

CNX ENERGY:

 

 

CNXENERGY

 

 

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

As we have mentioned last week that 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. The index manages to hit a low of 7360 during the week and close the week around the levels of 7640.

The index has formed a Doji pattern on monthly charts in a strong downtrend indicating the trend reversal or the indecision among the traders about the further direction of the index. 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 (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for CNX Auto for the week (October 09, 2015 – October 09, 2015):

 

CNX AUTO:

 

 

CNXAUTO

 

 

CNX AUTO index closed the week on absolutely flat note.

As we have mentioned last week that 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 manages to hit a low of 7475 during the week before closing the week around the levels of 7737.

Strong resistance for the index lies in the zone of 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 7600. If the index manages to close below the levels of 7650 then the index can drift to the levels of 7300 where trend-line support and 100 Weekly SMA for the index are lying.

The index has formed a Dragon Fly doji pattern on weekly charts in a downtrend indicating the trend reversal. If the index manages to close above the levels of 7850 then the index can move to the levels of 8050.

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 (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for CNX Pharma for the week (October 05, 2015 – October 09, 2015):

 

CNX PHARMA:

 

 

CNXPHARMA

 

 

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

As we have mentioned last week that 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. The index manages to hit a high of 13183 during the week and closed almost at the highest point of the week.

Support for the index lies in the zone of 12800 from where the index has broken out. If the index manages to move below the levels of 12800 on closing basis, then the index can drift to the levels of 12200 to 12500 where 100 and 200 Daily SMA are positioned.

Resistance for the index lies in the zone of 13300 from where the index has sold off earlier. If the index manages to close above the levels of 13300 then the index can move to the levels of 13600 where trend-line joining earlier highs is positioned.

Broad range for the index is seen from 12500 to 12600 on downside to 13400 to 13500 on upside.

CNX FMCG Outlook for the Week (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for CNX FMCG for the week (October 05, 2015 – October 09, 2015):

 

CNX FMCG:

 

 

CNXFMCG

 

 

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

As we have mentioned last week that the index has formed a Hammer pattern on weekly charts in a downtrend indicating the trend reversal. 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. The index manages to hit a high of 20185 during the week before closing the week below the levels of 20000.

The index has formed a Hammer pattern on monthly charts in a downtrend indicating the trend reversal.

The index has formed a Shooting Star pattern on daily charts on 01/10/2015 around the resistance zone of 20300. The index has to close above the levels of 20300 where 200 Daily SMA is positioned to negate this pattern. Resistance for the index lies in the zone of 20300 to 20500 above which the index can move to the levels of 21000.

Support for the index lies in the zone of 19300 to 19500 where short term moving averages and long term trend-line support for the index is lying.

Broad range for the index in the coming week is seen from 19000 to 19300 on downside to 20300 to 20500 on upside.

CNX IT Outlook for the Week (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for CNX IT for the week (October 05, 2015 – October 09, 2015):

 

CNX IT:

 

 

CNXIT

 

 

CNX IT index closed the week on negative note losing around 0.60%.

As we have mentioned last week that the 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. The index manages to hit a high of 12055 during the week.

On 01/10/2015, one of the IT giants HCL Tech announced that there can be slippage in margins in quarterly results which spooked the stock and the index. The index manages to close around the levels of 11872.

The index has been forming the bearish pattern on daily charts. 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 (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (October 05, 2015 – October 09, 2015):

 

BANK NIFTY:

 

 

BANKNIFTY

 

 

Bank Nifty ended the week on absolutely flat note.

As we have mentioned last week that 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. During the week the index manages to hit a low of 16648 and bounce back to close the week around the levels of 17151.

The index has been facing stiff resistance around the levels of 17500 to 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 where 500 Daily SMA and 100 Weekly SMA are positioned.

On daily charts the index is forming a Inverse Head & Shoulder pattern in which the neckline is positioned around the levels of 17500 to 17600. If the index manages to close above this levels with heavy volumes then the index can move to the levels of 18000 to 18500. Targets for this pattern can be in the range of 19000.

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

Nifty Outlook for the Week (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for Nifty for week (October 05, 2015 – October 09, 2015):

 

NIFTY:

 

 

NSE Nifty

 

 

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

As we have mentioned last week that it seems the index is moving in the range of 7700 to 7750 on downside to 8000 to 8050 on upside. During the week, the index hit a low of 7691 and high of 8008.

As seen from the chart the index is forming a Inverse Head & Shoulder pattern on daily charts. Neckline for the inverse Head & Shoulder pattern lies around the levels of 8030.

If the index manages to close above the levels of 8050 with heavy volumes, then the index can move to the levels of 8250 to 8300 where 100 & 200 Daily SMA are positioned. Targets for the inverse Head & Shoulder pattern can be in the range of 8550 to 8600.

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

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

Share Market Tips for – Thursday, October 01, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that Nifty is in negative trend and breaching levels of 7931, it would enter into positive zone whereas Bank Nifty is already in positive zone. EquityPandit also predicted that overall trend looks positive for Indian Stock Market and exactly same happened. Nifty sharply recovered as it was discounted and entered into positive territory. BankNifty remained sluggish for the whole day. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open positive. Technically, now Nifty has also entered into positive zone. Breaching levels of 8050 for Nifty would confirm an Inverse Head and Shoulder pattern that is bullish in nature and if it happens, it would push Nifty to 8350 levels. Traders should trade long but with a caution. Surprisingly, Axis Bank and ICICI Bank, that are the major components of Bank Nifty has entered into negative zone today. So, traders should put a strict stoploss of 16953 levels for Bank Nifty, breaching which traders can undoubtedly go short in the market. For now, the trade is in long direction with strict stoploss. FIIs were net buyers of Rs.116.08 crores whereas DIIs were net sellers of Rs.191.78 crores in last trading session. Nifty would see strong support at 7860-7785-7736-7678 whereas strong resistance would be seen at 7980-8000-8021-8055 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: (7949) The support for the Nifty is 7860-7785-7736-7678 and the resistance to the up move is at 7980-8000-8021-8055 levels.

NSE BankNifty: (17216) The support for BankNifty is at 16953-16875-16780-16680 and the resistance to the up move is at 17354-17450-17570-17660 levels.

BSE Sensex: (26155) The support for the Sensex is at 25918-25725-25530 and the resistance to the up move is at 26340-26471-26687 levels.

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