Share Market Tips for – Monday, November 30, 2015

EquityPandit

Last Trading Session: Indian Stock Market opened flat with positive bias. EquityPandit predicted that Nifty is in positive trend and trades should go long until Nifty holds 7800 levels and exactly same happened. Indian Stock Market moved sharply positive for the day. Nifty saw highs right at EquityPandit’s predicted resistance levels of 7958 like a dot. Sensex also saw highs right at EquityPandit’s predicted resistance levels of 26180 like a dot. Traders, who followed EquityPandit’s advice to go long might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open gap negative on profit booking. Now Technically, Nifty and Bank Nifty are both in positive trend and traders should go long in Nifty or Bank Nifty at every dip in the market. Indian Stock Market would see some profit booking (negative movement) while opening, which would be an opportunity for traders to go long in the market. GST, if passed in Rajyasabha, then it would be a great push to Indian Stock Market and we would see a sharp breakout in the Market. Overall, market is positive and the trade is in long direction. Market is expected to see sharp positive movement until 8100-8200 for Nifty. FIIs were net sellers of Rs.519.25 crores whereas DIIs were net buyers of Rs.900.48 crores in last trading session. Nifty would see strong support at 7880-7850-7815-7800 whereas strong resistance would be seen at 7958-7980-8008-8055 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (7943) The support for the Nifty is 7880-7850-7815-7800 and the resistance to the up move is at 7958-7980-8008-8055 levels.

NSE BankNifty: (17371) The support for BankNifty is at 17195-17050-16960-16875 and the resistance to the up move is at 17480-17570-17652-17827 levels.

BSE Sensex: (26128) The support for the Sensex is at 26950-25890-25760-25695-25590 and the resistance to the up move is at 26180-26220-26340-26432 levels.

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Colgate Palmolive Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for Colgate Palmoilve for the week (November 30, 2015 – December 04, 2015):

 

COLGATE PALMOLIVE:

 

 

COLPAL

 

 

Colgate Palmolive (NSE: COLPAL) closed the week on absolutely flat note.

As we have mentioned last week that support for the stock lies in the zone of 930 to 935 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. During the week the stock manages to hit a low of 941 and bounce to close the week around the levels of 967.

Support for the stock lies in the zone of 935 to 940 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 940 to 950 on lower end and 980 to 990 on upper end.

Dabur Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for DABUR for the week (November 30, 2015 – December 04, 2015):

 

DABUR:

 

 

DABUR

 

 

Dabur closed the week on absolutely flat note.

As we have mentioned last week that the stock has closed around the strong resistance zone of 275 to 280 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 290. During the week the stock manages to hit a high of 281 and retraced to close the week around the levels of 276.

The stock has closed around the strong resistance zone of 275 to 280 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 290.

Support for the stock lies in the zone of 265 to 270 where short term moving averages are positioned. 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 280 to 285 on upper end.

Hindustan Unilever Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for Hindustan Unilever for the week (November 30, 2015 – December 04, 2015):

 

HINDUSTAN UNILEVER:

 

 

HINDUNILVR

 

 

HIND Unilever closed the week on positive note gaining around 2.25%.

As we have mentioned last week that support for the stock lies in the zone of 775 to 780 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. During the week the stock manages to hit a low of 787 and bounce to close the week around the levels of 816.

Support for the stock lies in the zone of 800 to 810 where trend-line support for the stock is lying. If the stock closes below this levels then the stock can drift to the levels of 775 to 780 where downward sloping trend-line for the stock is positioned.

Stock has just close above the resistance zone of 800 to 810 where trend-line resistance for the stock is lying. If the stock manages to hold above the levels of 810 the stock can move to the levels of 830 to 850 where 100 & 200 Daily SMA is positioned.

Broad range for the stock in coming week is seen between 790 to 800 on downside and 840 to 850 on upside.

ITC Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for ITC for the week (November 30, 2015 – December 04, 2015):

 

ITC:

 

 

ITC

 

 

ITC closed the week on absolutely flat note.

As we have mentioned last week that the stock has closed around the strong support zone of 330 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. During the week the stock manages to hit a low of 332 and bounce to close the week around the levels of 344.

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 325 where 100 Daily SMA are positioned.

Resistance for the stock lies in the zone of 350. 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 in previous occasions.

Broad range for the stock in coming week is seen between 330 to 335 on downside and 355 to 360 on upside.

Cipla Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for Cipla for the week (November 30, 2015 – December 04, 2015):

 

CIPLA:

 

 

CIPLA

 

 

CIPLA closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 650 where short term moving averages and upward sloping trend-line resistance for the stock is positioned. If the stock closes above this levels then the stock can move to the levels of 665 where 100 & 200 Daily SMA are positioned. During the week the stock manages to hit a high of 648 and retraced to close the week around the levels of 643.

Support for the stock lies in the zone of 630 where the stock has minor support. If the stock manages to close below this levels then the stock can drift to the levels of 615 where trend-line support for the stock is positioned.

Resistance for the stock lies in the zone of 650 where short term moving averages and upward sloping trend-line resistance for the stock is positioned. If the stock closes above this levels then the stock can move to the levels of 665 where 100 & 200 Daily SMA are positioned. The stock has formed a Bullish engulfing pattern on weekly charts in a downtrend indicating the trend reversal.

Broad range for the stock is seen in the range of 625 – 630 on downside to 660 – 665 on upside.

Dr. Reddy Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (November 30, 2015 – December 04, 2015):

 

DR. REDDY:

 

 

DRREDDY

 

 

Dr Reddy closed the week on negative note losing around 7.50%.

As we have mentioned last week that during the week the stock broke the channel support and close below the support zone. Support for the stock lies in the range of 3250 where long term trend-line support and 100 Weekly SMA are positioned. If the stock closes below the levels of 3250 then the stock can drift to the levels of 3130 where 500 Daily SMA is positioned. During the week the stock broke all the support zone and drifted to the low of 3047 and close the week around the levels of 3099.

The stock is in freefall and there is no support visible in the short to medium term. The stock is in strong down-trend and very rise will be sold off.

Resistance for the stock lies in the zone of 3200 where 500 Daily and 100 Weekly SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 3350 from where the stock has opened gap down on 26/11/2015.

Broad range for the stock is seen from 3000 – 3030 on downside to 3200 – 3230 on upside.

Lupin Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for Lupin for the week (November 30, 2015 – December 04, 2015):

 

LUPIN:

 

 

LUPIN

 

 

Lupin closed the week on absolutely flat note.

As we have mentioned last week that strong resistance for the stock lies in the zone of 1830 to 1870 where 100 & 200 Daily SMA are positioned. If the stock closes above this levels then the stock can move to the levels of 1900. During the week the stock manages to hit a high of 1868 and retraced to close the week around the levels of 1812.

Support for the stock lies around the levels of 1760. If the stock closes below this levels then the stock can drift to the levels of 1600 where channel support for the stock is lying.

Strong Resistance for the stock lies in the zone of 1830 to 1870 where 100 & 200 Daily SMA are positioned. If the stock closes above this levels then the stock can move to the levels of 1900.

The stock has formed a Shooting star pattern on weekly charts indicating the trend reversal in an uptrend. The stock has to close above the strong resistance zone of 1870 to negate this pattern.

Broad range for the stock is seen from 1760 – 1780 on downside to 1840 – 1860 on upside.

Sun Pharma Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for Sun Pharma for the week (November 30, 2015 – December 04, 2015):

 

SUN PHARMA:

 

 

SUNPHARMA

 

 

SUN PHARMA closed the week on positive note gaining around 1.90%.

As we have mentioned last week that the stock is facing stiff resistance around the levels of 750 and for the 2nd week the stock has closed below the levels of 750. Support for the stock lies in the zone of 724. If the stock closes below this levels then the stock can drift to the levels of 600 where 1000 Daily SMA and 200 Weekly SMA are positioned. During the week the stock manages to hit a low of 704 and bounce to close the week around the levels of 740.

It seems the stock has made a medium term bottom around the levels of 704. If the stock closes below this levels then the stock can drift to the levels of 600 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 750 from where the stock has broken down after taking multiple supports. If the stock closes above this levels then the stock can move to the levels of 770. If the stock closes above the levels of 770 then the stock can move to the levels of 800 where 500 Daily & 100 Weekly SMA are positioned.

Broad range for the stock in the coming week can be 710 – 720 on lower side to 770 – 780 on upper side.

Wipro Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for Wipro for the week (November 30, 2015 – December 04, 2015):

 

WIPRO:

 

 

WIPRO

 

 

Wipro closed the week on absolutely flat note.

As we have mentioned last week that stock has closes around the strong resistance zone of 570 to 580 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 600. During the week the stock manages to hit a high of 577 and close the week around the levels of 570.

Support for the stock lies in the zone of 560 where 500 Daily SMA is lying. If the stock closes below this levels then the stock can drift to the levels of 540 to 545 where trend-line support for the stock is lying.

Stock has closes around the strong resistance zone of 570 to 580 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 600.

The stock has formed a Doji pattern on weekly charts in an uptrend indicating the pause in uptrend.

Broad range for the stock in the coming week is seen between 550 to 555 on downside to 585 to 590 on upside.

HCL Tech Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for HCL Tech for the week (November 30, 2015 – December 04, 2015):

 

HCL TECHNOLOGIES:

 

 

HCLTECH

 

 

HCL Technologies (NSE: HCLTECH) closed the week on positive note gaining around 0.8%.

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 closes below this levels then the stock can drift to the levels of 800 to 810 where 500 Daily SMA and trend-line support for the stock is lying. During the week the stock manages to hit a low of 856 and bounce to close the week around the levels of 872.

Support for the stock lies in the zone of 850 where trend-line support for the stock is lying. If the stock closes below this levels then the stock can drift to the levels of 800 to 810 where 500 Daily SMA and trend-line support for the stock is lying.

Resistance for the stock lies in the range of 880 to 890. 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.

Broad range for the stock in the coming week is seen between 840 to 850 on downside to 860 to 870 on upside.

TCS Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for TCS for the week (November 30, 2015 – December 04, 2015):

 

TATA CONSULTANCY SERVICES:

 

 

TCS

 

 

TCS closed the week on negative note losing around 1.80%.

As we have mentioned last week that support for the stock lies in the zone of 2350 where downward sloping trend-line for the stock is positioned. The stock has virtually broken all the major support levels. If the stock breaks below this levels then the stock can drift to the levels of 2200 where trend-line support for the stock is lying. During the week the stock manages to hit a low of 2333 and close the week around the levels of 2353.

Support for the stock lies in the zone of 2350 where downward sloping trend-line for the stock is positioned. The stock has virtually broken all the major support levels. If the stock breaks below this levels then the stock can drift to the levels of 2200 where trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 2420 to 2440 where 500 Daily SMA and 100 Weekly SMA are positioned. If the stock closes above this levels then the stock can move to the levels of 2500 where trend-line resistance for the stock is lying.

Broad range for the stock in the coming week is seen between 2320 to 2330 on downside to 2380 to 2400 on upside.

Infosys Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for Infosys for the week (November 30, 2015 – December 04, 2015):

 

INFOSYS:

 

 

INFY

 

 

INFOSYS  (NSE: INFY) closed the week on positive note gaining around 1.3%.

As we have mentioned last week that the resistance for the stock lies in the zone of 1070 to 1080 where 100 & 200 Daily SMA are positioned. If the stock closes above this levels then the stock can move to the levels of 1120. During the week the stock manages to hit a high of 1070 and close virtually at the highest level of the week.

Support for the stock lies in the zone of 1030 to 1040 where the stock has filled the gap which was created on 21/07/2015. If the stock closes below this levels then the stock can drift to the levels of 960 to 980 where 500 Daily SMA, 100 Weekly SMA and trend-line support for the stock is lying.

The stock has closed around the strong resistance zone of 1070 to 1080 where 100 & 200 Daily SMA are positioned. If the stock closes above this levels then the stock can move to the levels of 1120.

Broad range for the stock in the coming week is seen between 1040 to 1050 on downside to 1180 to 1190 on upside.

SBI Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for SBI for the week (November 30, 2015 – December 04, 2015):

 

STATE BANK OF INDIA:

 

 

SBIN

 

 

State Bank Of India (NSE: SBIN) closed the week on positive note gaining around 2.50%.

As we have mentioned last week that the resistance for the stock lies in the zone of 245 to 250 where 500 Daily SMA and 100 Weekly SMA are 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. During the week the stock manages to hit a high of 250 and virtually close at the highest levels.

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.

The stock has closed around the strong resistance zone of 245 to 250 where 500 Daily SMA and 100 Weekly SMA are 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 235 – 240 on lower side to 255 – 260 on upper side.

Axis Bank Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for Axis Bank for the week (November 30, 2015 – December 04, 2015):

 

AXIS BANK:

 

 

AXISBANK

 

 

Axis Bank closed the week on positive note gaining around 2.40%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 459 and bounce to close the week around the levels of 471.

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 440 to 445 where 500 Daily SMA and 100 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 480 to 485 where minor downward sloping trend-line is positioned. If the stock manages to close above this levels then the stock can move to the levels of 500 from where the stock has sold off.

Broad range for the stock in the coming week can be 460 – 465 on lower side to 485 – 490 on upper side.

ICICI Bank Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for ICICI Bank for the week (November 30, 2015 – December 04, 2015):

 

ICICI BANK:

 

 

ICICIBANK

 

 

ICICI Bank closed the week on positive note gaining around 1.9%.

As we have mentioned last week that support for the stock lies around the levels of 255 to 260. If the stock closes below this levels then the stock can drift to the levels of 240 where 1000 Daily SMA and 200 Weekly SMA are positioned. During the week the stock manages to hit a low of 257 and bounce to close the week around the levels of 270.

Support for the stock lies around the levels of 255 to 260. If the stock closes below this levels then the stock can drift to the levels of 240 where 1000 Daily SMA and 200 Weekly SMA are positioned.

The stock has closed around the strong resistance zone of 265 to 270 where long term trend-line resistance for the stock is positioned. If the stock closes above this levels then the stock can move to the levels of 280 where upward sloping trend-line for the stock is positioned.

Broad range for the stock in the coming week can be 260 – 265 on lower side to 280 – 285 on upper side.

HDFC Bank Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for HDFC Bank for the week (November 30, 2015 – December 04, 2015):

 

HDFC BANK:

 

 

HDFCBANK

 

 

HDFC Bank closed the week on positive note gaining around 1.0%.

As we have mentioned last week that stock is trading around the strong support zone of 1050 where 200 Daily SMA is positioned. If the stock manages to close below this levels then the stock can drift to the levels of 970 where channel support for the stock is positioned. During the week the stock manages to hit a low of 1051 and bounce to close the week around the levels of 1079.

Support for the stock lies in the zone of 1070 where 100 Daily SMA is positioned. If the stock closes below this levels then the stock can drift to the levels of 1050 where 200 Daily SMA is lying.

The stock has closed above the major resistance level of 1070 where 100 Daily SMA is positioned. If the stock manages to close above this levels then the stock can move to the levels of 1100 to 1120 where all time high for the stock is lying.

Broad range for the stock in the coming week can be 1055 – 1065 on lower side to 1090 – 1100 on upper side.

Nifty Energy Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for NIFTY ENERGY for the week (November 30, 2015 – December 04, 2015):

 

NIFTY ENERGY:

 

 

NIFTYENERG

 

 

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

As we have mentioned last week that resistance for the index lies in the zone of 8200 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 8350 where 200 Daily SMA is lying. During the week the index manages to hit a high of 8350 and retraced to close the week around the levels of 8291.

Support for the index lies in the zone of 8150 where 100 & 1000 Daily SMA are positioned. If the index closes below this levels then the index can drift to the levels of 7800 where the index has taken multiple supports.

Resistance for the index lies in the zone of 8350 where 200 Daily SMA is positioned. If the index manages to close above the levels of 8350 then the index can move to the levels of 8600 where 500 Daily SMA and 100 Weekly SMA are positioned.

Broad range for the index is seen between 8000 to 8050 on downside to 8400 to 8450 on upside.

Nifty Auto Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for NIFTY Auto for the week (November 30, 2015 – December 04, 2015):

 

NIFTY AUTO:

 

 

NIFTYAUTO

 

 

Nifty AUTO index closed the week on positive note gaining around 1.4%.

As we have mentioned last week that resistance for the index lies in the zone of 8350 to 8400 where 200 Daily SMA is positioned. If the index manages to close above this levels then the index can move to the levels of 8700 where trend-line joining earlier highs is positioned. During the week the index manages to hit a high of 8530 and close the week around the levels of 8451.

Support for the index lies in the zone of 8350 where 200 Daily SMA is lying. If the index closes below this levels then the index can drift to the levels of 8200 where 100 Daily SMA and channel support for the index is positioned.

Resistance for the index lies in the zone of 8533 where the index has opened the gap down on 21/08/2015. If the index manages to close above this levels then the index can move to the levels of 8700 where trend-line joining earlier highs is positioned.

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

Nifty Pharma Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for NIFTY Pharma for the week (November 30, 2015 – December 04, 2015):

 

NIFTY PHARMA:

 

 

NIFTYPHARM

 

 

Nifty PHARMA index closed the week on negative note losing around 1.0%.

As we have mentioned last week that support for the index lies in the zone of 11600. If the index closes below this levels then the index can drift to the levels of 11000 to 11200 where trend-line and channel support for the index is positioned. During the week the index manages to hit a low of 11497 and close the week around the levels of 11566.

The index has closed below the support zone of 11600. If the index does not manage to close above the levels of 11600 then the index can drift to the levels of 11000 to 11200 where trend-line and channel support for the index is positioned.

Resistance for the index lies in the zone of 11800. If the index closes above this levels then the index can move to the levels of 12000 to 12200 where the index has created the gap on 09/11/2015 on gap down opening. If the index close above this levels then the index can move to the levels of 12500 to 12600 where 100 & 200 Daily SMA are positioned.

Broad range for the index is seen from 11200 to 11300 on downside to 11800 to 12000 on upside.

Nifty FMCG Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for NIFTY FMCG for the week (November 30, 2015 – December 04, 2015):

 

NIFTY FMCG:

 

 

NIFTYFMCG

 

 

Nifty FMCG index closed the week on absolutely flat note.

As we have mentioned last week that support for the index lies in the zone of 20000 where 100 & 200 Daily SMA are positioned. If the index closes below this levels then the index can drift to the levels of 19500 to 19700. During the week the index manages to hit a low of 20032 and bounce to close the week around the levels of 20450.

Resistance for the index lies in the zone of 21000 from where the index has sold off on previous occasion. If the index manages to close above this levels then the index can move to the levels of 22000.

Support for the index lies in the zone of 20100 to 20200 where 100 & 200 Daily SMA are positioned. If the index closes below this levels then the index can drift to the levels of 19500 to 19700.

The index has formed a Hanging Man candlestick pattern on 27/11/2015 and on weekly charts in an uptrend. The index has to close above the levels of 20470 to negate this pattern.

Broad range for the index in the coming week is seen from 19500 on downside to 21000 on upside.

Nifty IT Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for NIFTY IT for the week (November 30, 2015 – December 04, 2015):

 

NIFTY IT:

 

 

NIFTYIT

 

 

Nifty IT index ended the week on absolute flat note.

As we have mentioned last week that the support for the index lies in the zone of 11050 where channel support for the index is positioned. If the index closes below the levels of 11050 then the index can drift to the levels of 10700 to 10800 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the index manages to hit a low of 11014 and bounce to close the week around the levels of 11127.

Support for the index lies in the zone of 11050 where channel support for the index is positioned. If the index closes below the levels of 11050 then the index can drift to the levels of 10700 to 10800 where 500 Daily SMA and 100 Weekly SMA are positioned.

Resistance for the index lies in the zone of 11300 to 11400 where trend-line resistance for the index is positioned. If the index manages to close above this levels then the index can move to the levels of 11500 to 11600 where 100 & 200 Daily SMA are positioned.

Broad range for the index in the coming week is seen from 10800 on downside to 11400 on upside.

Nifty Bank Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for Nifty Bank for the week (November 30, 2015 – December 04, 2015):

 

NIFTY BANK:

 

 

BANKNIFTY

 

 

Nifty Bank ended the week on positive note gaining around 1.80%.

As we have mentioned last week that the resistance for the index lies in the zone of 17300 where short term moving averages are positioned. If the index manages to close above the levels of 17300 then the index can move to the levels of 17800 where 100 Daily SMA are positioned. During the week the index manages to hit a high of 17404 and close the week around the levels of 17360.

Support for the index lies in the zone of 17100 to 17200 where short term moving averages are positioned. If the index closes below this levels then the index can drift to the levels of 16800 where trend-line support for the index is positioned.

The index has closed around the resistance zone of 17300. If the index manages to hold to this levels then the index can move to the levels of 17700 to 18000 where 100 & 200 Daily SMA are lying.

Range for the week is seen from 16800 to 17000 on downside to 17700 to 18000 on upside.

Nifty Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for Nifty for week (November 30, 2015 – December 04, 2015):

 

NIFTY:

 

 

NSE Nifty

 

 

Nifty ended the week on positive note gaining around 1.1%.

As we have mentioned last week that resistance for the index lies in the zone of 7950 to 8000 where short term moving averages are positioned. If the index manages to close above this levels then the index can move to the levels of 8200 where 100 Daily SMA is lying. During the week the index manages to hit a high of 7959 and virtually end the week around the highest levels.

Support for the index lies in the zone of 7800 where 100 Weekly SMA is lying. If the index closes below this levels then the index will drift to the levels of 7700 where 500 Daily SMA and trend-line support for the index is lying.

Resistance for the index lies in the zone of 8000 where short term moving averages are positioned. If the index manages to close above this levels then the index can move to the levels of 8150 where 100 Daily SMA is lying.

Broad range for the week is seen from 7800 on downside to 8200 on upside.

Share Market Tips for – Friday, November 27, 2015

EquityPandit

Last Trading Session: Indian Stock Market opened flat with positive bias for the day. As EquityPandit predicted that Nifty is in positive zone and Bank Nifty is in negative zone and exactly same happened. We have seen sharp positive movement in Nifty whereas BankNifty was under pressure for the day. Nifty and Sensex closed right above EquityPandit’s predicted important levels of 7880 for Nifty and 25950 levels for Sensex, confirming the strength in the trend. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open flat. Today the first discussion would be heard in winter session of Parliament and it would surely affect Indian Stock Market direction. Now everything depends on passing of key reforms. If that happens, market may see new highs in upcoming months else it would shed down in upcoming months. Technically, Analysis would still remain same. For now, Nifty is in positive zone but BankNifty is still in negative zone. Bank Nifty would enter into positive zone once it breaches levels of 17290. Traders can go long until Nifty holds 7800 levels but major trading should be done only when Both the major indices: Nifty and BankNifty to enter in same zone, either positive or negative. Once this happens, traders can go long or short accordingly. FIIs were net sellers of Rs.398.1 crores whereas DIIs were net buyers of Rs.948.98 crores in last trading session. Nifty would see strong support at 7850-7815-7800-7765 whereas strong resistance would be seen at 7926-7958-7980-8005 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

NSE Nifty: (7884) The support for the Nifty is 7850-7815-7800-7765 and the resistance to the up move is at 7926-7958-7980-8005 levels.

NSE BankNifty: (17037) The support for BankNifty is at 16960-16875-16750-16580 and the resistance to the up move is at 17140-17240-17480-17570 levels.

BSE Sensex: (25959) The support for the Sensex is at 25890-25760-25695-25590 and the resistance to the up move is at 26060-26180-26220-26340 levels.

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

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Share Market Tips for – Thursday, November 26, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with negative bias. EquityPandit predicted that Indian Stock Market would see sideways movement in a rangebound region until winter parliament session that is started on November 26, 2015. EquityPandit also predicted that traders should go long and take long positions home only if Nifty closes above 7860 levels and exaclty same happened. Market opened negative and saw lows right at EquityPandit’s predicted support levels of 25695 for Sensex, 16964 for BankNifty and 7815 for Nifty like a dot. Market recovered from day lows but closed negative for the day. Sensex closed right above EquityPandit’s predicted resistance levels of 25770.

Today: Indian Stock Market would open positive with 15-40 points for Nifty and 40-120 points for Sensex. Today winter session of Parliament would start and it would surely affect Indian Stock Market direction. Technically, Analysis would still remain same. For now, Nifty is in positive zone but BankNifty is still in negative zone. Bank Nifty would enter into positive zone once it breaches levels of 17290. Geopolitical tensions are generating pressure on global stock markets. Traders should wait for Both the major indices: Nifty and BankNifty to enter in same zone, either positive or negative. Once this happens, traders can go long or short accordingly. FIIs were net sellers of Rs.540.12 crores whereas DIIs were net buyers of Rs.532.13 crores in last trading session. Nifty would see strong support at 7815-7800-7765-7715 whereas strong resistance would be seen at 7860-7880-7926-7958 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

NSE Nifty: (7832) The support for the Nifty is 7815-7800-7765-7715 and the resistance to the up move is at 7860-7880-7926-7958 levels.

NSE BankNifty: (16989) The support for BankNifty is at 16960-16875-16750-16580 and the resistance to the up move is at 17140-17240-17480-17570 levels.

BSE Sensex: (25776) The support for the Sensex is at 25695-25590-25450-25380 and the resistance to the up move is at 25890-25950-26060-26180 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, November 24, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. EquityPandit predicted that market would remain rangebound and Nifty would see strong resistance at 7880 levels and exactly same happened. Nifty saw highs right at EquityPandit’s predicted resistance levels of 7880 like a dot. Bank Nifty also saw strong resistance at EquityPandit’s predicted resistance levels of 17140 and saw sharp profits booking at those levels. Coincidently, Sensex also saw strong resistance near EquityPandit’s predicted resistance levels of 25950 levels. Market saw sharp downfall from day highs and saw lows right near EquityPandit’s predicted support levels of 7815 for Nifty and 16960 for BankNifty. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market would open flat with negative bias. Technically, Analysis would still remain same. Nifty is in positive zone but BankNifty is still in negative zone. Bank Nifty would enter into positive zone once it breaches levels of 17290. Winter session of Parliament would start from November 26 and would play major role in deciding further direction of Indian Stock Market. Till then market would see sideways movement in a range bound region. 7860 is still an important Closing level for Nifty, breaching which traders can take long positions home. FIIs were net sellers of Rs.35.37 crores whereas DIIs were net buyers of Rs.90.28 crores in last trading session. Nifty would see strong support at 7815-7800-7765-7715 whereas strong resistance would be seen at 7860-7880-7926-7958 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

NSE Nifty: (7849) The support for the Nifty is 7815-7800-7765-7715 and the resistance to the up move is at 7860-7880-7926-7958 levels.

NSE BankNifty: (17060) The support for BankNifty is at 16960-16875-16750 and the resistance to the up move is at 17140-17240-17480-17570 levels.

BSE Sensex: (25819) The support for the Sensex is at 25770-25695-25590-25450 and the resistance to the up move is at 25890-25950-26060-26180 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, November 23, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat. EquityPandit predicted that market would remain rangebound but once Nifty breaches levels of 7850, traders should go long into it as it would enter into positive trend and exactly same happened. Market moved sharply positive once it breached levels of 7850 taking Nifty to around 7906 levels. Sensex saw highs right at Equitypandit’s predicted resistance levels of 26060 like a dot. Nifty closed right below EquityPandit’s predicted resistance levels of 7860. Finally, Nifty saw some profit booking mainly due to Banking stocks falling down sharply and hence closed flat for the day but above our reversal levels of 7850 for Nifty.

Today: Indian Stock Market would open flat with positive bias. Technically, Nifty has entered into positive zone but Bank Nifty is still in negative zone. Bank Nifty would enter into positive zone once it breaches levels of 17290. Winter session of Parliament would start from November 26 and would play major role in deciding further direction of Indian Stock Market. Till then market would see sideways movement in a range bound region. For now Nifty is positive but Bank Nifty is in Negative zone. Traders should wait for both the indices Nifty and Bank Nifty to enter into same zone, positive or negative to take a strong trading decision. Trades should be long side biased at this point of time. FIIs were net sellers of Rs.94.09 crores whereas DIIs were net buyers of Rs.610.16 crores in last trading session. Nifty would see strong support at 7815-7800-7765-7715 whereas strong resistance would be seen at 7860-7880-7926-7958 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

NSE Nifty: (7857) The support for the Nifty is 7815-7800-7765-7715 and the resistance to the up move is at 7860-7880-7926-7958 levels.

NSE BankNifty: (17055) The support for BankNifty is at 16960-16875-16750 and the resistance to the up move is at 17140-17240-17480-17570 levels.

BSE Sensex: (25868) The support for the Sensex is at 25770-25695-25590-25450 and the resistance to the up move is at 25890-25950-26060-26180 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 (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for Colgate Palmoilve for the week (November 23, 2015 – November 27, 2015):

 

COLGATE PALMOLIVE:

 

 

COLPAL

 

 

Colgate Palmolive (NSE: COLPAL) closed the week on positive note gaining around 1.4%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 940 and bounce to close the week around the levels of 962.

Support for the stock lies in the zone of 930 to 935 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 940 to 950 on lower end and 980 to 990 on upper end.

Dabur Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for DABUR for the week (November 23, 2015 – November 27, 2015):

 

DABUR:

 

 

DABUR

 

 

Dabur closed the week on positive note gaining around 3.0%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 260 and bounce to close the week around the levels of 276.

The stock has closed around the strong resistance zone of 275 to 280 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 290.

Support for the stock lies in the zone of 265 to 270 where short term moving averages are positioned. 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 280 to 285 on upper end.

Hindustan Unilever Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for Hindustan Unilever for the week (November 23, 2015 – November 27, 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 807 and close the week around the levels of 798.

Support for the stock lies in the zone of 775 to 780 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 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for ITC for the week (November 23, 2015 – November 27, 2015):

 

ITC:

 

 

ITC

 

 

ITC closed the week on positive note gaining around 4.40%.

As we have mentioned last week that the stock has closed around the strong support zone of 330 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. During the week the stock manages to hit a low of 330 and bounce to close the week around the levels of 344.

Support 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 closes below this levels then the stock can drift to the levels of 325 where 100 Daily SMA are positioned.

The stock has formed a Evening star pattern on daily charts in an uptrend. Resistance for the stock lies in the zone of 350. 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 in previous occasions.

Broad range for the stock in coming week is seen between 330 to 335 on downside and 355 to 360 on upside.

Cipla Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for Cipla for the week (November 23, 2015 – November 27, 2015):

 

CIPLA:

 

 

CIPLA

 

 

CIPLA closed the week on positive note gaining around 4.70%.

As we have mentioned last week that support for the stock lies in the zone of 618 where trend-line support for the stock is lying. If the stock closes below this levels then the stock can drift to the levels of 560 to 580 where 500 Daily & 100 Weekly SMA are positioned. During the week the stock manages to hit a low of 613 and bounce to close the week around the levels of 646.

Support for the stock lies in the zone of 618 where trend-line support for the stock is lying. If the stock closes below this levels then the stock can drift to the levels of 560 to 580 where 500 Daily & 100 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 650 where short term moving averages and upward sloping trend-line resistance for the stock is positioned. If the stock closes above this levels then the stock can move to the levels of 665 where 100 & 200 Daily SMA are positioned. The stock has formed a Bullish engulfing pattern on weekly charts in a downtrend indicating the trend reversal.

Broad range for the stock is seen in the range of 620 – 625 on downside to 660 – 665 on upside.

Dr. Reddy Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (November 23, 2015 – November 27, 2015):

 

DR. REDDY:

 

 

DRREDDY

 

 

Dr Reddy closed the week on negative note losing around 1.0%.

As we have mentioned last week that the stock broke the channel support and close below the support zone. Support for the stock lies in the range of 3250 where long term trend-line support and 100 Weekly SMA are positioned. If the stock closes below the levels of 3250 then the stock can drift to the levels of 3130 where 500 Daily SMA is positioned. During the week the stock manages to hit a low of 3138 and close the week around the levels of 3353.

During the week the stock broke the channel support and close below the support zone. Support for the stock lies in the range of 3250 where long term trend-line support and 100 Weekly SMA are positioned. If the stock closes below the levels of 3250 then the stock can drift to the levels of 3130 where 500 Daily SMA is positioned.

Resistance for the stock lies in the range of 3450 to 3500 from where the stock has broken the channel support. If the stock closes above this levels then the stock can move to the levels of 3700 where 200 Daily SMA is positioned.

Broad range for the stock is seen from 3250 – 3280 on downside to 3480 – 3500 on upside.

Lupin Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for Lupin for the week (November 23, 2015 – November 27, 2015):

 

LUPIN:

 

 

LUPIN

 

 

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

As we have mentioned last week that the stock is trading below the strong support zone of 1820 where 200 Daily SMA is lying. Minor support for the stock lies in the zone of 1760. If the stock closes below this levels then the stock can drift to the levels of 1600 where channel support for the stock is lying. During the week the stock manages to hit a low of 1760 and bounce to close the week around the levels of 1814.

The stock is trading below the strong support zone of 1820 where 200 Daily SMA is lying. Minor support for the stock lies in the zone of 1760. If the stock closes below this levels then the stock can drift to the levels of 1600 where channel support for the stock is lying.

Strong Resistance for the stock lies in the zone of 1830 to 1870 where 100 & 200 Daily SMA are positioned. If the stock closes above this levels then the stock can move to the levels of 1900.

Broad range for the stock is seen from 1730 – 1750 on downside to 1820 – 1840 on upside.

Sun Pharma Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for Sun Pharma for the week (November 23, 2015 – November 27, 2015):

 

SUN PHARMA:

 

 

SUNPHARMA

 

 

SUN PHARMA closed the week on negative note losing around 2.0%.

As we have mentioned last week that resistance for the stock lies in the zone 770 where the stock has opened gap down. If the stock closes above the levels of 770 then the stock can move to the levels of 800 where 500 Daily & 100 Weekly SMA are positioned. During the week the stock manages to hit a high of 761 and sold off to close the week around the levels of 726.

The stock is facing stiff resistance around the levels of 750 and for the 2nd week the stock has closed below the levels of 750. The stock has formed a Inverted Hammer pattern in a strong downtrend indicating the exhaustion in selling pressure or trend reversal. Support for the stock lies in the zone of 724. If the stock closes below this levels then the stock can drift to the levels of 600 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the stock lies in the zone 770 where the stock has opened gap down. If the stock closes above the levels of 770 then the stock can move to the levels of 800 where 500 Daily & 100 Weekly SMA are positioned.

Broad range for the stock in the coming week can be 710 – 720 on lower side to 770 – 780 on upper side.

HCL Tech Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for HCL Tech for the week (November 23, 2015 – November 27, 2015):

 

HCL TECHNOLOGIES:

 

 

HCLTECH

 

 

HCL Technologies (NSE: HCLTECH) closed the week on positive note gaining around 2.7%.

As we have mentioned last week that support for the stock lies in the zone of 800 to 810 where 500 Daily SMA and 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 700. During the week the stock manages to hit low of 825 and close the week around the levels of 866.

Support for the stock lies in the zone of 850 where trend-line support for the stock is lying. If the stock closes below this levels then the stock can drift to the levels of 800 to 810 where 500 Daily SMA and trend-line support for the stock is lying.

Resistance for the stock lies in the range of 880 to 890. 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.

Broad range for the stock in the coming week is seen between 800 to 810 on downside to 860 to 870 on upside.

Wipro Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for Wipro for the week (November 23, 2015 – November 27, 2015):

 

WIPRO:

 

 

WIPRO

 

 

Wipro closed the week on positive note gaining around 3.30%.

As we have mentioned last week that support for the stock lies in the zone of 540 to 550 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 480 where 1000 Daily SMA and 200 Weekly SMA are positioned. During the week the stock manages to hit a low of 542 and close the week around the levels of 570.

Support for the stock lies in the zone of 560 where 500 Daily SMA is lying. If the stock closes below this levels then the stock can drift to the levels of 540 to 545 where trend-line support for the stock is lying.

Stock has closes around the strong resistance zone of 570 to 580 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 600.

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

Broad range for the stock in the coming week is seen between 550 to 555 on downside to 585 to 590 on upside.

TCS Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for TCS for the week (November 23, 2015 – November 27, 2015):

 

TATA CONSULTANCY SERVICES:

 

 

tcs

 

 

TCS closed the week on absolutely flat note.

As we have mentioned last week that support for the stock lies in the zone of 2350 where downward sloping trend-line for the stock is positioned. The stock has virtually broken all the major support levels. If the stock breaks below this levels then the stock can drift to the levels of 2200 where trend-line support for the stock is lying. During the week the stock manages to hit a low of 2346 and bounce to close the week around the levels of 2398.

Support for the stock lies in the zone of 2350 where downward sloping trend-line for the stock is positioned. The stock has virtually broken all the major support levels. If the stock breaks below this levels then the stock can drift to the levels of 2200 where trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 2430 to 2450 where 500 Daily SMA and 100 Weekly SMA are positioned. If the stock closes above this levels then the stock can move to the levels of 2500 where trend-line resistance for the stock is lying.

Broad range for the stock in the coming week is seen between 2330 to 2350 on downside to 2430 to 2450 on upside.

Infosys Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for Infosys for the week (November 23, 2015 – November 27, 2015):

 

INFOSYS:

 

 

INFY

 

 

INFOSYS  (NSE: INFY) closed the week on negative note losing around 4.40%.

As we have mentioned last week that the support for the stock lies in the zone of 1070 to 1085 where 100 & 200 Daily SMA are positioned. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 1045 where trend-line support for the stock is positioned. During the week the stock manages to hit a low of 1011 and close the week around the levels of 1052.

Support for the stock lies in the zone of 1010 to 1030 where the stock has filled the gap which was created on 21/07/2015. If the stock closes below this levels then the stock can drift to the levels of 960 to 980 where 500 Daily SMA, 100 Weekly SMA and trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 1070 to 1080 where 100 & 200 Daily SMA are positioned. If the stock closes above this levels then the stock can move to the levels of 1120.

Broad range for the stock in the coming week is seen between 1010 to 1020 on downside to 1180 to 1190 on upside.

SBI Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for SBI for the week (November 23, 2015 – November 27, 2015):

 

STATE BANK OF INDIA:

 

 

SBIN

 

 

State Bank Of India (NSE: SBIN) closed the week on positive note gaining around 1.1%.

As we have mentioned last week that the resistance for the stock lies in the zone of 245 to 250 where 500 Daily SMA and 100 Weekly SMA are 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. During the week the stock manages to hit a high of 252 and sold off to the close the week around the levels of 243.

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 and 100 Weekly SMA are 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 230 – 235 on lower side to 250 – 255 on upper side.

Axis Bank Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for Axis Bank for the week (November 23, 2015 – November 27, 2015):

 

AXIS BANK:

 

 

AXISBANK

 

 

Axis Bank closed the week on negative note losing around 5.0%.

As we have mentioned last week that resistance for the stock lies in the zone of 480 to 485 where minor downward sloping trend-line is positioned. If the stock manages to close above this levels then the stock can move to the levels of 500 from where the stock has sold off. During the week the stock manages to hit a high of 485 and sold off to close the week around the levels of 460.

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 480 to 485 where minor downward sloping trend-line is positioned. If the stock manages to close above this levels then the stock can move to the levels of 500 from where the stock has sold off.

Broad range for the stock in the coming week can be 460 – 465 on lower side to 485 – 490 on upper side.

ICICI Bank Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for ICICI Bank for the week (November 23, 2015 – November 27, 2015):

 

ICICI BANK:

 

 

ICICIBANK

 

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 265 to 270 where long term trend-line resistance for the stock is positioned. If the stock closes above this levels then the stock can move to the levels of 280 where upward sloping trend-line for the stock is positioned. During the week the stock manages to hit a high of 272 and close the week around the levels of 265.

Support for the stock lies around the levels of 255 to 260. If the stock closes below this levels then the stock can drift to the levels of 240 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 265 to 270 where long term trend-line resistance for the stock is positioned. If the stock closes above this levels then the stock can move to the levels of 280 where upward sloping trend-line for the stock is positioned.

Broad range for the stock in the coming week can be 250 – 255 on lower side to 280 – 285 on upper side.

HDFC Bank Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for HDFC Bank for the week (November 23, 2015 – November 27, 2015):

 

HDFC BANK:

 

 

HDFCBANK

 

 

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

As we have mentioned last week that stock is trading around the strong support zone of 1050 where 200 Daily SMA is positioned. If the stock manages to close below this levels then the stock can drift to the levels of 970 where channel support for the stock is positioned. During the week the stock manages to hit a low of 1045 and bounce to close the week around the levels of 1068.

Stock is trading around the strong support zone of 1050 where 200 Daily SMA is positioned. If the stock manages to close below this levels then the stock can drift to the levels of 970 where channel support for the stock is positioned.

Major resistance for the stock lies in the range of 1070 where 100 Daily SMA is positioned. If the stock manages to close above this levels then the stock can move to the levels of 1100 to 1120 where all time high for the stock is lying.

Broad range for the stock in the coming week can be 1040 – 1050 on lower side to 1070 – 1090 on upper side.

Nifty Energy Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for NIFTY ENERGY for the week (November 23, 2015 – November 27, 2015):

 

NIFTY ENERGY:

 

 

NIFTYENERG

 

 

Nifty ENERGY index closed the week on positive note gaining around 2.4%.

As we have mentioned last week that resistance for the index lies in the zone of 8000 to 8050 where short term moving averages are positioned. If the index manages to close above this levels then the index can move to the levels of 8200 to 8250 where 100 & 1000 Daily SMA are positioned. During the week the index manages to hit a high of 8172 and close the week around the levels of 8125.

Support for the index lies in the zone of 8000 where short term moving averages are positioned. If the index closes below this levels then the index can drift to the levels of 7800 to 7850 where the index has taken multiple support.

Resistance for the index lies in the zone of 8200 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 8350 where 200 Daily SMA is lying.

Broad range for the index is seen between 7950 to 8000 on downside to 8200 to 8250 on upside.

Nifty Auto Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for NIFTY Auto for the week (November 23, 2015 – November 27, 2015):

 

NIFTY AUTO:

 

 

NIFTYAUTO

 

 

Nifty AUTO index closed the week on positive note gaining around 2.0%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 8392 and close the week around the levels of 8339.

Support for the index lies in the zone of 8200 where 100 Daily SMA is positioned. If the index closes below this levels then the index can drift to the levels of 7900 to 8000 where trend-line support for the index is lying.

Resistance for the index lies in the zone of 8350 to 8400 where 200 Daily SMA is positioned. If the index manages to close above this levels then the index can move to the levels of 8700 where trend-line joining earlier highs is positioned.

Broad range for the index is seen from 8150 to 8200 on downside to 8500 to 8550 on upside.

Nifty Pharma Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for NIFTY Pharma for the week (November 23, 2015 – November 27, 2015):

 

NIFTY PHARMA:

 

 

NIFTYPHARM

 

 

Nifty PHARMA index closed the week on absolutely flat note.

As we have mentioned last week that support for the index lies in the zone of 11600. If the index closes below this levels then the index can drift to the levels of 11000 to 11200 where trend-line and channel support for the index is positioned. During the week the index manages to hit a low of 11576 and close the week around the levels of 11687.

Support for the index lies in the zone of 11600. If the index closes below this levels then the index can drift to the levels of 11000 to 11200 where trend-line and channel support for the index is positioned.

Resistance for the index lies in the zone of 12000 to 12200 where the index has created the gap on 09/11/2015 on gap down opening. If the index close above this levels then the index can move to the levels of 12500 to 12600 where 100 & 200 Daily SMA are positioned.

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

Broad range for the index is seen from 11200 to 11300 on downside to 12000 to 12200 on upside.

Nifty FMCG Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for NIFTY FMCG for the week (November 23, 2015 – November 27, 2015):

 

NIFTY FMCG:

 

 

NIFTYFMCG

 

 

Nifty FMCG index closed the week on positive note gaining around 2.7%.

As we have mentioned last week that resistance for the index lies in the zone of 20100 to 20300 where 100 & 200 Daily SMA are positioned. If the index manages to close above this levels then the index can move to the levels of 20500. During the week the index manages to hit a high of 20690 and close the week around the levels of 20441.

Resistance for the index lies in the zone of 21000 from where the index has sold off on previous occasion. If the index manages to close above this levels then the index can move to the levels of 22000.

Support for the index lies in the zone of 20000 where 100 & 200 Daily SMA are positioned. If the index closes below this levels then the index can drift to the levels of 19500 to 19700.

On daily charts the index has formed a Bearish engulfing pattern, so the index has to move above the levels of 20690 to negate this pattern.

Broad range for the index in the coming week is seen from 19500 on downside to 21000 on upside.

Nifty IT Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for NIFTY IT for the week (November 23, 2015 – November 27, 2015):

 

NIFTY IT:

 

 

NIFTYIT

 

 

Nifty IT index ended the week on absolute flat note.

As we have mentioned last week that the support for the index lies in the zone of 11050 where channel support for the index is positioned. If the index closes below the levels of 11050 then the index can drift to the levels of 10700 to 10800 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the index manages to hit a low of 10800 and bounce to close the week around the levels of 11098.

Support for the index lies in the zone of 11050 where channel support for the index is positioned. If the index closes below the levels of 11050 then the index can drift to the levels of 10700 to 10800 where 500 Daily SMA and 100 Weekly SMA are positioned.

Resistance for the index lies in the zone of 11300 to 11400 where trend-line resistance for the index is positioned. If the index manages to close above this levels then the index can move to the levels of 11500 to 11600 where 100 & 200 Daily SMA are positioned.

Broad range for the index in the coming week is seen from 10700 on downside to 11300 on upside.

Nifty Bank Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for Nifty Bank for the week (November 23, 2015 – November 27, 2015):

 

NIFTY BANK:

 

 

BANKNIFTY

 

 

Nifty Bank ended the week on positive note gaining around 0.70%.

As we have mentioned last week that the 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. During the week the index manages to hit a low of 16787 but the index manages to close above the levels of 17050.

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 17300 where short term moving averages are positioned. If the index manages to close above the levels of 17300 then the index can move to the levels of 17800 where 100 Daily SMA are positioned.

Range for the week is seen from 16300 to 16500 on downside to 17500 to 17700 on upside.

Nifty Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for Nifty for week (November 23, 2015 – November 27, 2015):

 

NIFTY:

 

 

NSE Nifty

 

 

Nifty ended the week on positive note gaining around 1.1%.

As we have mentioned last week that support for the index lies in the zone of 7700 where trend-line, 500 Daily SMA & 100 Weekly SMA supports are positioned. If the index manages to close below this levels then the index can drift to the levels of 7500 where trend-line support for the index is positioned. During the week the index manages to hit a low of 7714 and bounce back to close the week around the levels of 7850.

Support for the index lies in the zone of 7700 where trend-line & 500 Daily SMA supports are positioned. If the index manages to close below this levels then the index can drift to the levels of 7500 where trend-line support for the index is positioned.

Resistance for the index lies in the zone of 7950 to 8000 where short term moving averages are positioned. If the index manages to close above this levels then the index can move to the levels of 8200 where 100 Daily SMA is lying.

Broad range for the week is seen from 7700 on downside to 8000 on upside.

Share Market Tips for – Friday, November 20, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive with 57 points for Nifty and 160 points for Sensex. EquityPandit predicted that market would see sharp short covering (Positive movement) at this point of time and exactly same happened. EquityPandit also predicted that market would witness cyclic movement where one positive day and another negative and same happened. Market saw sharp positive movement in last trading session as predicted by EquityPandit. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Bank Nifty saw lows right at EquityPandit’s predicted support levels of 18875 like a dot. Nifty saw highs right near EquityPandit’s predicted resistance levels of 7850 and closed just below those levels. Sensex also saw highs just near EquityPandit’s predicted levels of 25890 levels. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open flat. Technically, Bank Nifty has again entered into negative zone and Nifty was still in negative zone. Yesterday, Equitypandit predicted that market would see sharp positive movement and traders should go short at that point. Today, traders would get the chance to book profits in that short position. Overall, market would remain in same range until next week when Parliament session would start to discuss the GST bill. Fresh direction would depend on the passing of the bill. For now, technical indicators are negative. Breaching levels of 7715 would force Nifty to see levels of 7600 and even 7500 at some point of time. Whereas Nifty would see some strength and would enter into positive zone once it closes above 7850-7860 levels. The good news is that Nifty trendline of lower region has moved higher around 7500. So, 7500 would possibly the bottom of the market in near term. FIIs were net sellers of Rs.343.18 crores whereas DIIs were net buyers of Rs.233.82 crores in last trading session. Nifty would see strong support at 7765-7715-7680 whereas strong resistance would be seen at 7860-7880-7926-7958 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

NSE Nifty: (7843) The support for the Nifty is 7765-7715-7680 and the resistance to the up move is at 7860-7880-7926-7958 levels.

NSE BankNifty: (17072) The support for BankNifty is at 16960-16875-16750 and the resistance to the up move is at 17140-17240-17480-17570 levels.

BSE Sensex: (25841) The support for the Sensex is at 25695-25590-25450-25380 and the resistance to the up move is at 25890-25950-26060-26180 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, November 19, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat. EquityPandit predicted that Bank Nifty is in positive zone but Nifty needs to breach levels of 7850 by closing to come into positive zone and if it would not be able to do so then it would bull down Bank Nifty into negative zone again where sharp down fall would be seen in the market and exactly same happened. Nifty saw strong resistance at EquityPandit’s predicted resistance levels of 7850 and fell down sharply from there. Bank Nifty followed Nifty and fell down even more sharply. Finally, Nifty fell down sharply and closed just above EquityPandit’s predicted support levels of 7730 like a dot.

Today: Indian Stock Market would open gap positive with 40-80 points for Nifty and 100-200 points for Sensex. Technically, Bank Nifty has again entered into negative zone and Nifty was still in negative zone. There would be some sharp short covering (positive movement) seen in the market, today but the only strategy at this point of time is going short at every positive movement in the market until Nifty and Bank Nifty are in negative zone. Market would continue to see a roller coaster movement and hover in the same range until next week when Parliament session would start to discuss the GST bill. We would witness a cyclic movement, where one positive day and other negative. Fresh direction would depend on the passing of the bill. For now, technical indicators are negative and worse is yet to come. Breaching levels of 7715 would force Nifty to see levels of 7600 and even 7500 at some point of time. FIIs were net sellers of Rs.768.46 crores whereas DIIs were net buyers of Rs.759.26 crores in last trading session. Nifty would see strong support at 7715-7680-7600 whereas strong resistance would be seen at 7775-7820-7850-7880 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

NSE Nifty: (7732) The support for the Nifty is 7715-7680-7600 and the resistance to the up move is at 7775-7820-7850-7880 levels.

NSE BankNifty: (17140) The support for BankNifty is at 17080-16960-16875-16750 and the resistance to the up move is at 17240-17480-17570 levels.

BSE Sensex: (25482) The support for the Sensex is at 25450-25380-25110 and the resistance to the up move is at 25640-25785-25890-25950 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 (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for Colgate Palmoilve for the week (November 16, 2015 – November 20, 2015):

 

COLGATE PALMOLIVE:

 

 

COLPAL

 

 

Colgate Palmolive (NSE: COLPAL) closed the week on positive note gaining around 1.0%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 975 and close the week around the levels of 948.

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 970 to 980 on upper end.

Dabur Outlook for the Week (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for DABUR for the week (November 16, 2015 – November 20, 2015):

 

DABUR:

 

 

DABUR

 

 

Dabur closed the week on absolutely flat note.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 270 and close the week around the levels of 268.

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 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for Hindustan Unilever for the week (November 16, 2015 – November 20, 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 810 and close the week around the levels of 797.

Support for the stock lies in the zone of 775 to 780 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 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for ITC for the week (November 16, 2015 – November 20, 2015):

 

ITC:

 

 

ITC

 

 

ITC closed the week on negative note losing around 2.36%.

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 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. During the week the stock manages to hit a low of 327 and close the week at virtually the lowest levels.

The stock has closed around the strong support zone of 330 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 325 to 330 on downside and 345 to 350 on upside.

Cipla Outlook for the Week (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for Cipla for the week (November 16, 2015 – November 20, 2015):

 

CIPLA:

 

 

CIPLA

 

 

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

As we have mentioned last week that support for the stock lies in the zone of 650. If the stock closes below this levels 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 615 and virtually close the week around the lowest levels.

Support for the stock lies in the zone of 618 where trend-line support for the stock is lying. If the stock closes below this levels then the stock can drift to the levels of 560 to 580 where 500 Daily & 100 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 645 where upward sloping trend-line resistance for the stock is positioned. If the stock closes above this levels then the stock can move to the levels of 665 where 100 & 200 Daily SMA are positioned.

Broad range for the stock is seen in the range of 600 – 610 on downside to 640 – 645 on upside.

Dr. Reddy Outlook for the Week (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (November 16, 2015 – November 20, 2015):

 

DR. REDDY:

 

 

DRREDDY

 

 

Dr Reddy closed the week on negative note losing around 6.6%.

As we have mentioned last week that support for the stock lies in the range of 3400 to 3450 where channel support for the stock is lying. As seen from the chart the stock is moving in this channel since August – 2014. Minor support for the stock is lying around the levels of 3580 where trend-line joining the lows of 09/02/2015 and 16/06/2015 is positioned. During the week the stock broke all the support levels and drifted to the lower levels of 3250 where long term support zone for the stock is lying.

During the week the stock broke the channel support and close below the support zone. Support for the stock lies in the range of 3250 where long term trend-line support and 100 Weekly SMA are positioned. If the stock closes below the levels of 3250 then the stock can drift to the levels of 3130 where 500 Daily SMA is positioned.

Resistance for the stock lies in the range of 3450 to 3500 from where the stock has broken the channel support. If the stock closes above this levels then the stock can move to the levels of 3700 where 200 Daily SMA is positioned.

Broad range for the stock is seen from 3230 – 3250 on downside to 3500 – 3530 on upside.

Lupin Outlook for the Week (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for Lupin for the week (November 16, 2015 – November 20, 2015):

 

LUPIN:

 

 

LUPIN

 

 

Lupin closed the week on negative note losing around 4.35%.

As we have mentioned last week that resistance for the stock lies in the zone of 1900 to 1920 where short term moving averages and 100 Daily SMA are positioned. If the stock manages to close above the levels of 1920 then the stock can move to the levels of 1950 where trend-line resistance for the stock is lying. During the week the stock manages to hit a high of 1884 and sold off to close the week around the levels of 1778.

The stock is trading below the strong support zone of 1820 where 200 Daily SMA is lying. Minor support for the stock lies in the zone of 1760. If the stock closes below this levels then the stock can drift to the levels of 1600 where channel support for the stock is lying.

Strong Resistance for the stock lies in the zone of 1830 to 1870 where 100 & 200 Daily SMA are positioned. If the stock closes above this levels then the stock can move to the levels of 1900.

Broad range for the stock is seen from 1700 – 1720 on downside to 1820 – 1840 on upside.

Sun Pharma Outlook for the Week (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for Sun Pharma for the week (November 16, 2015 – November 20, 2015):

 

SUN PHARMA:

 

 

SUNPHARMA

 

 

SUN PHARMA closed the week on negative note losing around 7.80%.

The stock opened big gap down on 09/11/2015 on weak clues. The stock opened below the strong support zone of 800 and drifted to the lower levels. The stock hit a low of 724 during the week.

The stock ended the week below the strong support zone of 750. If the stock trades below the levels of 750 for couple of days then the stock can drift to the levels of 600 where 1000 Daily & 200 Weekly SMA are positioned.

Resistance for the stock lies in the zone 770 where the stock has opened gap down. If the stock closes above the levels of 770 then the stock can move to the levels of 800 where 500 Daily & 100 Weekly SMA are positioned.

Broad range for the stock in the coming week can be 710 – 720 on lower side to 770 – 780 on upper side.

Share Market Tips for – Wednesday, November 18, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive. EquityPandit predicted that Bank Nifty has entered into positive zone and Nifty needs to breach levels of 7850 to enter the positive zone. EquityPandit also predicted that traders should trade long at every dip in the market and exactly same happened. Traders, who followed EquityPandit’s advice to go long in Nifty at every dip might have earned huge profits for the day. Nifty and Sensex closed right below EquityPandit’s predicted resistance levels of 7850 and 25870 respectively.

Today: Indian Stock Market would open flat. Technically, Bank Nifty has entered into positive zone but Nifty is still in negative zone. Nifty needs to close above levels of 7850 to enter the positive zone until then it would see huge pressure. If Nifty doesn’t closes above 7850, then it would drag Bank Nifty in negative zone again, which would be worse for the market. Parliament session that is going to be started from next week would play major role in further market direction. It looks hard to get GST bill passed in this session and hence there are very strong chances that Nifty and Bank Nifty may again enter in long downtrend. It’s time to wait for Nifty to close above 7850 levels. If so happens, then traders should go long in Nifty and Bank Nifty for good profits. FIIs were net sellers of Rs.492.45 crores whereas DIIs were net buyers of Rs.783.02 crores in last trading session. Nifty would see strong support at 7780-7750-7730-7680 whereas strong resistance would be seen at 7850-7880-7927-7950 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

NSE Nifty: (7838) The support for the Nifty is 7780-7750-7730-7680 and the resistance to the up move is at 7850-7880-7927-7950 levels.

NSE BankNifty: (17140) The support for BankNifty is at 17080-16960-16875-16750 and the resistance to the up move is at 17240-17480-17570 levels.

BSE Sensex: (25864) The support for the Sensex is at 25695-25590-25500-25380 and the resistance to the up move is at 25950-26000-26060-26180 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

Wipro Outlook for the Week (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for Wipro for the week (November 16, 2015 – November 20, 2015):

 

WIPRO:

 

 

WIPRO

 

 

Wipro closed the week on negative note losing around 3.3%.

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 550 and close the week around the levels of 551.

Support for the stock lies in the zone of 540 to 550 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 480 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 560 to 565 where 500 Daily SMA and 100 Weekly SMA are positioned. If the stock closes above this levels then the stock can move to the levels of 575 to 580 where 100 & 200 Daily SMA are positioned.

Broad range for the stock in the coming week is seen between 535 to 540 on downside to 565 to 570 on upside.

HCL Tech Outlook for the Week (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for HCL Tech for the week (November 16, 2015 – November 20, 2015):

 

HCL TECHNOLOGIES:

 

 

HCLTECH

 

 

HCL Technologies (NSE: HCLTECH) closed the week on negative note losing around 4.75%.

As we have mentioned last week that 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. During the week the stock manages to hit high of 885 and sold off to the close the week around the levels of 843.

Support for the stock lies in the zone of 800 to 810 where 500 Daily SMA and 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 700.

Resistance for the stock lies in the range of 880 to 890. 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.

Broad range for the stock in the coming week is seen between 800 to 810 on downside to 860 to 870 on upside.

TCS Outlook for the Week (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for TCS for the week (November 16, 2015 – November 20, 2015):

 

TATA CONSULTANCY SERVICES:

 

 

TCS

 

 

TCS closed the week on negative note losing around 4.0%.

As we have mentioned last week that support for the stock lies in the zone of 2470 to 2480 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. During the week the stock manages to hit a low of 2386 and close the week at virtually the lowest level.

Support for the stock lies in the zone of 2350 where downward sloping trend-line for the stock is positioned. The stock has virtually broken all the major support levels. If the stock breaks below this levels then the stock can drift to the levels of 2200 where trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 2430 to 2450 where 500 Daily SMA and 100 Weekly SMA are positioned. If the stock closes above this levels then the stock can move to the levels of 2500 where trend-line resistance for the stock is lying.

Broad range for the stock in the coming week is seen between 2330 to 2350 on downside to 2430 to 2450 on upside.

Infosys Outlook for the Week (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for Infosys for the week (November 16, 2015 – November 20, 2015):

 

INFOSYS:

 

 

INFY

 

 

INFOSYS  (NSE: INFY) closed the week on negative note losing around 3.30%.

As we have mentioned last week that the 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 1080 where 100 & 200 Daily SMA are positioned. During the week the stock manages to hit a low of 1090 and bounce to close the week around the levels of 1100.

Support for the stock lies in the zone of 1070 to 1085 where 100 & 200 Daily SMA are positioned. If the stock breaks below this levels on closing basis then the stock can drift to the levels of 1045 where trend-line support for the stock is positioned.

Resistance for the stock lies in the zone of 1140 to 1150. 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 1070 to 1080 on downside to 1130 to 1140 on upside.

SBI Outlook for the Week (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for SBI for the week (November 16, 2015 – November 20, 2015):

 

STATE BANK OF INDIA:

 

 

SBIN

 

 

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

As we have mentioned last week that the 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. During the week the stock manages to hit a low of 235 and bounce to close the week around the levels of 240.

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 and 100 Weekly SMA are 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 230 – 235 on lower side to 250 – 255 on upper side.

Axis Bank Outlook for the Week (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for Axis Bank for the week (November 16, 2015 – November 20, 2015):

 

AXIS BANK:

 

 

AXISBANK

 

 

Axis Bank closed the week on positive note gaining around 4.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 480 to 485 where minor downward sloping trend-line is positioned. If the stock manages to close above this levels then the stock can move to the levels of 500 from where the stock has sold off. During the week the stock manages to hit a high of 487 and close the week around the levels of 485.

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 480 to 485 where minor downward sloping trend-line is positioned. If the stock manages to close above this levels then the stock can move to the levels of 500 from where the stock has sold off.

Broad range for the stock in the coming week can be 460 – 465 on lower side to 485 – 490 on upper side.

ICICI Bank Outlook for the Week (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for ICICI Bank for the week (November 16, 2015 – November 20, 2015):

 

ICICI BANK:

 

 

ICICIBANK

 

 

ICICI Bank closed the week on negative note losing around 2.0%.

As we have mentioned last week that support for the stock lies around the levels of 265 where long term support for the stock is lying. If the stock breaks below this level on closing basis then the stock can drift to the levels of 240 where 1000 Daily SMA and 200 Weekly SMA are positioned. During the week the stock manages to hit a low of 256 and bounce to close the week around the levels of 262.

Support for the stock lies around the levels of 250 to 255. If the stock closes below this levels then the stock can drift to the levels of 240 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 265 to 270 where long term trend-line support for the stock is positioned. If the stock closes above this levels then the stock can move to the levels of 280 where upward sloping trend-line for the stock is positioned.

Broad range for the stock in the coming week can be 250 – 255 on lower side to 280 – 285 on upper side.

HDFC Bank Outlook for the Week (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for HDFC Bank for the week (November 16, 2015 – November 20, 2015):

 

HDFC BANK:

 

 

HDFCBANK

 

 

HDFC Bank closed the week on negative note losing around 2.7%.

As we have mentioned last week that support for the stock lies in the zone of 1050 to 1070 where 100 & 200 Daily SMA are positioned. If the stock closes below this strong support zone then the stock can drift to the levels of 970 where channel support for the stock is positioned. During the week the stock manages to hit a low of 1041 and close the week around the levels of 1052.

Stock is trading around the strong support zone of 1050 where 200 Daily SMA is positioned. If the stock manages to close below this levels then the stock can drift to the levels of 970 where channel support for the stock is positioned.

Major resistance for the stock lies in the range of 1070 where 100 Daily SMA is positioned. If the stock manages to close above this levels then the stock can move to the levels of 1100 to 1120 where all time high for the stock is lying.

Broad range for the stock in the coming week can be 1030 – 1040 on lower side to 1070 – 1090 on upper side.

Nifty Energy Outlook for the Week (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for NIFTY ENERGY for the week (November 16, 2015 – November 20, 2015):

 

NIFTY ENERGY:

 

 

NIFTYENERG

 

 

Nifty ENERGY index closed the week on negative note losing around 3.0%.

As we have mentioned last week that 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. During the week the index manages to hit a low of 7846 and close the week around the levels of 7932.

Support for the index lies in the zone of 7800 to 7830 from where the index has broken out. If the index closes below this levels then the index can drift to the levels of 7400.

Resistance for the index lies in the zone of 8000 to 8050 where short term moving averages are positioned. If the index manages to close above this levels then the index can move to the levels of 8200 to 8250 where 100 & 1000 Daily SMA are positioned.

Broad range for the index is seen between 7800 to 7850 on downside to 8050 to 8100 on upside.

Nifty Auto Outlook for the Week (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for NIFTY Auto for the week (November 16, 2015 – November 20, 2015):

 

NIFTY AUTO:

 

 

NIFTYAUTO

 

 

Nifty AUTO index closed the week on positive note gaining around 0.40%.

As we have mentioned last week that 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. During the week the index manages to hit a low of 7921 and bounce to close the week around the levels of 8178.

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.

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

Nifty Pharma Outlook for the Week (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for NIFTY Pharma for the week (November 16, 2015 – November 20, 2015):

 

NIFTY PHARMA:

 

 

NIFTYPHARM

 

 

Nifty PHARMA index closed the week on negative note losing around 4.80%.

As we have mentioned last week that the index is very weak and trading below the major long term moving averages. The index has close below the short term upward moving trend-line. If the index does not manage to close above the levels of 12400 then the index can drift to the levels of 11000 where channel support for the index is lying. The index is moving in this channel since the month of April – 2015. During the week the index manages to hit a low of 11600 and close the week around the levels of 11708.

Support for the index lies in the zone of 11600. If the index closes below this levels then the index can drift to the levels of 11000 to 11200 where trend-line and channel support for the index is positioned.

Resistance for the index lies in the zone of 12000 to 12200 where the index has created the gap on 09/11/2015 on gap down opening. If the index close above this levels then the index can move to the levels of 12500 to 12600 where 100 & 200 Daily SMA are positioned.

Broad range for the index is seen from 11200 to 11300 on downside to 12000 to 12200 on upside.

Nifty FMCG Outlook for the Week (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for NIFTY FMCG for the week (November 16, 2015 – November 20, 2015):

 

NIFTY FMCG:

 

 

NIFTYFMCG

 

 

Nifty FMCG index closed the week on negative note losing around 1.80%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 20552 and close the week around the levels of 19896.

Resistance for the index lies in the zone of 20100 to 20300 where 100 & 200 Daily SMA are positioned. If the index manages to close above this levels then the index can move to the levels of 20500.

Support for the index lies in the zone of 19350 where trend-line support and 100 Weekly SMA for the index is lying. If the index closes below this levels then the index can drift to the levels of 19000 where 500 Daily SMA is positioned.

Broad range for the index in the coming week is seen from 19300 on downside to 20300 on upside.

Nifty IT Outlook for the Week (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for NIFTY IT for the week (November 16, 2015 – November 20, 2015):

 

NIFTY IT:

 

 

NIFTYIT

 

 

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

As we have mentioned last week that the index has close just below the support zone of 11500 where 100 Daily SMA is lying. If the index closes below the levels of 11400 then the index can drift to the levels of 11300 where trend-line support for the index is positioned. During the week the index broke the support of 11300 and drifted to the levels of 11000 where the index has taken support around the channel in which the index is trading.

Support for the index lies in the zone of 11050 where channel support for the index is positioned. If the index closes below the levels of 11050 then the index can drift to the levels of 10700 to 10800 where 500 Daily SMA and 100 Weekly SMA are positioned.

Resistance for the index lies in the zone of 11300 to 11400 where trend-line resistance for the index is positioned. If the index manages to close above this levels then the index can move to the levels of 11500 to 11600 where 100 & 200 Daily SMA are positioned.

Broad range for the index in the coming week is seen from 10700 on downside to 11300 on upside.

Nifty Bank Outlook for the Week (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for Nifty Bank for the week (November 16, 2015 – November 20, 2015):

 

NIFTY BANK:

 

 

NIFTYBANK

 

 

Nifty Bank ended the week on negative note losing around 1.0%.

As we have mentioned last week that the 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. During the week the index manages to hit a low of 16587 but the index manages to close above the levels of 16800.

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 17500 where short term moving averages are positioned. If the index manages to close above the levels of 17500 then the index can move to the levels of 18000 where 100 Daily SMA are positioned.

Range for the week is seen from 16300 to 16500 on downside to 17500 to 17700 on upside.

Nifty Outlook for the Week (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for Nifty for week (November 16, 2015 – November 20, 2015):

 

NIFTY:

 

 

NSE Nifty

 

 

Nifty ended the week on negative note losing around 2.4%.

As we have mentioned last week that support for the index lies in the zone of 7900 to 7950. If the index breaks below this levels on closing basis then the index can drift to the levels of 7700 where trend-line, 500 Daily SMA & 100 Weekly SMA supports are positioned. During the week the index manages to hit a low of 7730 and close the week around the levels of 7760.

Support for the index lies in the zone of 7700 where trend-line, 500 Daily SMA & 100 Weekly SMA supports are positioned. If the index manages to close below this levels then the index can drift to the levels of 7500 where trend-line support for the index is positioned.

Resistance for the index lies in the zone of 7950 to 8000 where short term moving averages are positioned. If the index manages to close above this levels then the index can move to the levels of 8200 where 100 Daily SMA is lying.

Broad range for the week is seen from 7600 on downside to 8000 on upside.

Share Market Tips for – Tuesday, November 17, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative. EquityPandit predicted that market is still in negative zone but further downtrend would be seen only if Nifty closes below 7730 levels. EquityPandit also predicted that Nifty has technically, developed a Doji Candlestick pattern, hence some short covering can’t be ruled out and exactly same happened. Market saw downtrend but rebounded from the lows. Bank Nifty saw highs right at EquityPandit’s predicted resistance levels of 17240. Sensex also saw highs right at EquityPandit’s predicted resistance levels of 25870 like a dot. Finally, Nifty closed gap positive, right near EquityPandit’s predicted resistance levels of 7805.

Today: Indian Stock Market would open gap positive. Technically, Bank Nifty has entered into positive zone but Nifty is still in negative zone. Today, Some further positive movement would force Nifty also to enter into positive zone and in that case we would witness a sharp breakout in the market. Nifty needs to breach levels of 7850 by closing to see some strength. Traders can go long in Nifty and Bank Nifty at every dip in the market. Overall, the trade is in long side for now. FIIs were net sellers of Rs.1051.26 crores whereas DIIs were net buyers of Rs.661.71 crores in last trading session. Nifty would see strong support at 7780-7750-7730-7680 whereas strong resistance would be seen at 7850-7880-7927-7950 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

NSE Nifty: (7807) The support for the Nifty is 7780-7750-7730-7680 and the resistance to the up move is at 7850-7880-7927-7950 levels.

NSE BankNifty: (17185) The support for BankNifty is at 17080-16960-16875-16750 and the resistance to the up move is at 17240-17480-17570 levels.

BSE Sensex: (25760) The support for the Sensex is at 25695-25590-25500-25380 and the resistance to the up move is at 25870-26000-26060-26180 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, November 16, 2015

EquityPandit

Last Trading Session: Indian Stock Market opened gap negative. EquityPandit predicted that market is in negative zone and same happened. Traders who followed EquityPandit’s technical signal of short in Nifty and Bank Nifty might have earned huge profits in last couple of days. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open gap negative. Technically, Indian Stock Market is still in negative zone for now. Terror attack that held in Paris on Friday would keep global economy under pressure and we would see further sell-off in the market. Technically, Nifty has developed a doji candlestick pattern and hence some short covering can’t be ruled out but overall market is still in negative trend and tradres should continue with their short positions. Nifty if breaches levels of 7730 by closing, then it would see further breakdown. FIIs were net sellers of Rs.746.70 crores whereas DIIs were net buyers of Rs.70.89 crores in last trading session. Nifty would see strong support at 7730-7680-7650-7540 whereas strong resistance would be seen at 7775-7805-7850-7880 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

NSE Nifty: (7762) The support for the Nifty is 7730-7680-7650-7540 and the resistance to the up move is at 7775-7805-7850-7880 levels.

NSE BankNifty: (16933) The support for BankNifty is at 16875-16750-16640-16435 and the resistance to the up move is at 17060-17240-17480-17570 levels.

BSE Sensex: (25611) The support for the Sensex is at 25500-25380-25285-25110 and the resistance to the up move is at 25725-25870-26000 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 (November 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for Colgate Palmoilve for the week (November 09, 2015 – November 13, 2015):

 

COLGATE PALMOLIVE:

 

 

COLPAL

 

 

Colgate Palmolive (NSE: COLPAL) closed the week on negative note losing around 1.7%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 927 and bounce to close the week around the levels of 939.

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.

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

Broad range for the stock is seen between 920 to 930 on lower end and 960 to 970 on upper end.

Dabur Outlook for the Week (November 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for DABUR for the week (November 09, 2015 – November 13, 2015):

 

DABUR:

 

 

DABUR

 

 

Dabur closed the week on negative note losing around 0.80%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 272.65 and close the week around the levels of 268.

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 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for Hindustan Unilever for the week (November 09, 2015 – November 13, 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 818 and close the week around the levels of 800.

Support for the stock lies in the zone of 775 to 780 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 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for ITC for the week (November 09, 2015 – November 13, 2015):

 

ITC:

 

 

ITC

 

 

ITC closed the week on positive note gaining around 0.90%.

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 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. During the week the stock manages to hit a low of 330 and bounce to close the week around the levels of 338.

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 325 to 330 on downside and 345 to 350 on upside.

Cipla Outlook for the Week (November 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for Cipla for the week (November 09, 2015 – November 13, 2015):

 

CIPLA:

 

CIPLA

 

CIPLA closed the week on negative note losing around 4.7%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 651 and bounce to close the week around the levels of 658.

Support for the stock lies in the zone of 650. If the stock closes below this levels then the stock can drift to the levels of 620 where trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 665 to 670 where 100 & 200 Daily SMA are lying. If the stock manages to close above this levels then the stock can move to the levels of 700 where trend-line resistance for the stock is positioned.

Broad range for the stock is seen in the range of 640 – 645 on downside to 670 – 675 on upside.

Dr. Reddy Outlook for the Week (November 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (November 09, 2015 – November 13, 2015):

 

DR. REDDY:

 

 

DRREDDY

 

 

Dr Reddy closed the week on negative note losing around 15%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 4379 and sold off to the levels of 3630 on back of USFDA warning letter on company’s manufacturing units.

Resistance for the stock lies in the range of 3710 where 200 Daily SMA is positioned. If the stock manages to close above this levels then the stock can move to the levels of 4000 where 100 Daily SMA is positioned.

Support for the stock lies in the range of 3400 to 3450 where channel support for the stock is lying. As seen from the chart the stock is moving in this channel since August – 2014. Minor support for the stock is lying around the levels of 3580 where trend-line joining the lows of 09/02/2015 and 16/06/2015 is positioned.

Broad range for the stock is seen from 3450 – 3480 on downside to 3720 – 3750 on upside.

Lupin Outlook for the Week (November 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for Lupin for the week (November 09, 2015 – November 13, 2015):

 

LUPIN:

 

 

LUPIN

 

 

Lupin closed the week on negative note losing around 3.7%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 1812 and bounce to close the week around the levels of 1858.

Support for the stock lies in the zone of 1800 where 200 Daily SMA is positioned. If the stock closes below this levels then the stock can drift to the levels of 1600 where channel support for the stock is positioned. The stock is moving in this channel since the month of April – 2015.

Resistance for the stock lies in the zone of 1900 to 1920 where short term moving averages and 100 Daily SMA are positioned. If the stock manages to close above the levels of 1920 then the stock can move to the levels of 1950 where trend-line resistance for the stock is lying.

Broad range for the stock is seen from 1750 – 1780 on downside to 1920 – 1950 on upside.

Sun Pharma Outlook for the Week (November 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for Sun Pharma for the week (November 09, 2015 – November 13, 2015):

 

SUN PHARMA:

 

 

SUNPHARMA

 

 

SUN PHARMA closed the week on negative note losing around 9.70%.

During the week the stock broke all the support levels and drifted to the levels of 800 where strong support for the stock is lying. As seen from the charts the levels of 800 is holding the stock in recent corrections. If the stock closes below the levels of 800 then the stock can drift to the levels of 750 to 770 where trend-line support and 500 Daily SMA are positioned.

100 Weekly SMA is also lying around the levels of 800. So the levels of 800 should act as a strong support zone for the stock.

Resistance for the stock lies in the zone of 830. If the stock moves above this levels on closing basis then the stock can move to the levels of 860 where trend-line resistance for the stock is positioned.

Broad range for the stock in the coming week can be 775 – 780 on lower side to 830 – 840 on upper side.

Wipro Outlook for the Week (November 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for Wipro for the week (November 09, 2015 – November 13, 2015):

 

WIPRO:

 

 

WIPRO

 

 

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

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 567 and close the week around the levels of 570.

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 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for HCL Tech for the week (November 09, 2015 – November 13, 2015):

 

HCL TECHNOLOGIES:

 

 

HCLTECH

 

 

HCL Technologies (NSE: HCLTECH) closed the week on positive note gaining around 1.6%.

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 870 and bounce to close the week around the levels of 885

Support for the stock lies in the zone of 850 to 860 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.

Broad range for the stock in the coming week is seen between 865 to 870 on downside to 900 to 910 on upside.

TCS Outlook for the Week (November 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for TCS for the week (November 09, 2015 – November 13, 2015):

 

TATA CONSULTANCY SERVICES:

 

 

TCS

 

 

TCS closed the week on positive note gaining around 0.50%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 2480 and bounce to close the week around the levels of 2506.

Support for the stock lies in the zone of 2470 to 2480 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 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for Infosys for the week (November 09, 2015 – November 13, 2015):

 

INFOSYS:

 

 

INFY

 

 

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

As we have mentioned last week that the support for the stock lies in the 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. During the week the stock manages to hit a low of 1114 and bounce to close the week around the levels of 1138.

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 1080 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 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for SBI for the week (November 09, 2015 – November 13, 2015):

 

STATE BANK OF INDIA:

 

 

SBIN

 

 

State Bank Of India (NSE: SBIN) closed the week on positive note gaining around 2.8%.

As we have mentioned last week that the 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. During the week the stock manages to hit a low of 233 and bounce to close the week around the levels of 244.

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 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 230 – 235 on lower side to 250 – 255 on upper side.

Axis Bank Outlook for the Week (November 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for Axis Bank for the week (November 09, 2015 – November 13, 2015):

 

AXIS BANK:

 

 

AXISBANK

 

 

Axis Bank closed the week on negative note losing around 2.3%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 459.5 and bounce to close the week around the levels of 464.

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 480 to 485 where minor downward sloping trend-line is positioned. If the stock manages to close above this levels then the stock can move to the levels of 500 from where the stock has sold off.

Broad range for the stock in the coming week can be 455 – 460 on lower side to 480 – 485 on upper side.

ICICI Bank Outlook for the Week (November 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for ICICI Bank for the week (November 09, 2015 – November 13, 2015):

 

ICICI BANK:

 

 

ICICIBANK

 

 

ICICI Bank closed the week on negative note losing around 3.7%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 265 and close the week around the levels of 267.

Support for the stock lies around the levels of 265 where long term support for the stock is lying. If the stock breaks below this level on closing basis then the stock can drift to the levels of 240 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 275 to 277 where upward moving trend-line is positioned. If the stock manages to close above this level then the stock can move to the levels of 290 where 500 & 100 Daily SMA are positioned.

Broad range for the stock in the coming week can be 255 – 260 on lower side to 285 – 290 on upper side.

HDFC Bank Outlook for the Week (November 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for HDFC Bank for the week (November 09, 2015 – November 13, 2015):

 

HDFC BANK:

 

 

HDFCBANK

 

 

HDFC Bank closed the week on negative note losing around 1.8%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 1069 and bounce to close the week around the levels of 1080.

Support for the stock lies in the zone of 1050 to 1070 where 100 & 200 Daily SMA are positioned. If the stock closes below this strong support zone then the stock can drift to the levels of 970 where channel support for the stock is positioned.

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 1100 – 1120 on upper side.

CNX Energy Outlook for the Week (November 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for CNX Energy for the week (November 09, 2015 – November 13, 2015):

 

CNX ENERGY:

 

 

CNXENERGY

 

 

CNX ENERGY index closed the week on positive note gaining around 0.90%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 8286 and sold off to close the week around the levels of 8171.

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 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for CNX Auto for the week (November 09, 2015 – November 13, 2015):

 

CNX AUTO:

 

 

CNXAUTO

 

 

CNX AUTO index closed the week on positive note gaining around 0.70%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 8269 and retraced to close the week around the levels of 8149.

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.

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 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for CNX Pharma for the week (November 09, 2015 – November 13, 2015):

 

CNX PHARMA:

 

 

CNXPHARMA

 

 

CNX PHARMA index closed the week on negative note losing around 7.0%.

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 12205 and close the week at virtually the lowest point.

The index is very weak and trading below the major long term moving averages. The index has close below the short term upward moving trend-line. If the index does not manage to close above the levels of 12400 then the index can drift to the levels of 11000 where channel support for the index is lying. The index is moving in this channel since the month of April – 2015.

Resistance for the index lies in the zone of 12400 to 12600 where 100 & 200 Daily SMA are positioned. If the index manages to close above this levels then the index can move to the levels of 13000 from where the index has sold off.

Broad range for the index is seen from 11600 to 11800 on downside to 12500 to 12700 on upside.

CNX FMCG Outlook for the Week (November 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for CNX FMCG for the week (November 09, 2015 – November 13, 2015):

 

CNX FMCG:

 

 

CNXFMCG

 

 

CNX FMCG index closed the week on positive note gaining around 0.80%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 20419 and close the week around the levels of 20277.

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 19500 to 19700 on downside to 20500 to 20600 on upside.

CNX IT Outlook for the Week (November 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for CNX IT for the week (November 09, 2015 – November 13, 2015):

 

CNX IT:

 

 

CNXIT

 

 

CNX IT index closed the week on absolutely flat note.

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 11688 and retraced to close the week around the levels of 11493.

The index has close just below the support zone of 11500 where 100 Daily SMA is lying. If the index closes below the levels of 11400 then the index can drift to the levels of 11300 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 11200 on downside to 11700 on upside.

Bank Nifty Outlook for the Week (November 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (November 09, 2015 – November 13, 2015):

 

BANK NIFTY:

 

 

BANKNIFTY

 

 

Bank Nifty ended the week on negative note losing around 1.4%.

As we have mentioned last week that the 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. During the week the index manages to hit a low of 16911 and bounce to close the week around the levels of 17114.

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 17500 where short term moving averages are positioned. If the index manages to close above the levels of 17500 then the index can move to the levels of 18000 where 100 Daily SMA are positioned.

Range for the week is seen from 16300 to 16500 on downside to 17500 to 17700 on upside.

Nifty Outlook for the Week (November 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for Nifty for week (November 09, 2015 – November 13, 2015):

 

NIFTY:

 

 

NSE Nifty

 

 

CNX Nifty ended the week on negative note losing around 1.3%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 8116 and sold off to close the week around the levels of 7962.

Support for the index lies in the zone of 7900 to 7950. If the index breaks below this levels on closing basis then the index can drift to the levels of 7700 where trend-line, 500 Daily SMA & 100 Weekly SMA supports are positioned.

Resistance for the index lies in the zone of 8100 where short term moving averages are positioned. If the index manages to close above this levels on closing basis then the index can move to the levels of 8200 where 100 Daily SMA.

Broad range for the week is seen from 7800 on downside to 8100 on upside.

Exit Immediately, If you are holding these stocks

EquityPandit

BSE to suspend 24 companies from November 27, 2015

Pursuant to the provision of Circular no.CIR/MRD/DSA/31/2013 dated September 30, 2013 issued by Securities and Exchange Board of India (SEBI) and Exchange Notice No. 20140117-20 dated January 17, 2014 with respect to Standard Operating Procedure (SOP) for suspension and revocation of equity shares of listed entities for non-compliance of certain clauses of the Listing Agreement, Trading members are requested to note that the following will be effected:

Trading in Securities of the undermentioned companies will be suspended w.e.f. November 27, 2015 (being 21 days from issue of this notice); on account of non-compliance with Clause 41 of the Listing Agreement and/or Regulation 55A of the SEBI (Depositories and Partcipants) Regulations, 1996 for two consecutive quarters i.e, March 2015 and June 2015.

Sr. No. Scrip Code Company Name
1 509527 Falcom Tyres Ltd
2 512279 N2N Technologies Ltd
3 517403 Sun Source India Ltd
4 522150 Aditya Forge Ltd
5 523670 Noida Medicare Centre Ltd
6 531118 Silverton Spinners Ltd
7 531650 Vax Housing Finance Corporation Ltd
8 531886 Scope Industries (India) Ltd.
9 532442 MW Unitexx Ltd
10 532824 VTX Industries Ltd
11 533079 Sand Plast (India) Ltd
12 537709 Shree Hanuman Sugar & Industries Ltd
13 523200 Classic Diamonds (India) Ltd
14 531823 Arvind Remedies Ltd
15 532347 Helios and Matheson Information Technology Ltd
16 532739 Plethico Pharmaceuticals Ltd
17 533402 Innoventive Industries Ltd
18 538364 Birdhi Chand Pannalal Agencies Ltd
19 512199 CORE Education & Technologies Ltd
20 533304 C. Mahendra Exports Ltd.
21 533266 Tecpro Systems Ltd.
22 506041 Mahesh Agriculture implements & Steel Forge Ltd.
23 507528 Eastern Sugar & Industries Ltd.
24 530923 RCL Foods Limited

Share Market Tips for – Friday, November 06, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. Some sharp profit booking was seen once few Exit Polls for Bihar Elections started coming in. Nifty saw strong support at EquityPandit’s predicted support levels of 7950 and closed just above those support levels. Bank Nifty saw lows right at EquityPandit’s predicted support levels of 16953 like a dot and bounced from those levels. Sensex also closed right above EquityPandit’s predicted support levels of 26300 like a dot. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in negative zone for now. Chanakya’s Exit Polls were too promising and predicted a clear majority of NDA and this may act as a positive news for Indian Stock Market. Anyhow, today many of the biggest Indian Companies (Nifty Heavyweights) would disclose their results and that would surely affect Indian Stock market movement. Huge volatility would be seen today. Bank Nifty, if closes above 17240, then we could witness big breakout in the market on Monday. Strength would be seen in Nifty, if it breaches levels of 8050 on the positive side. FIIs were net sellers of Rs.991.87 crores whereas DIIs were net buyers of Rs.636.15 crores in last trading session. Nifty would see strong support at 7938-7900-7880-7845 whereas strong resistance would be seen at 8050-8080-8120 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: ABG Shipyard, Aurobindo Pharma, Bank Of Baroda, BEML, BHEL, Bosch, Eicher Motors, Essar Oil, GlaxoSmithkline, Godrej Industries, GSPL, Hindustan Copper, IL&FS Transportation, Info Edge, M&M, Max India, Notherson Sumi, ONGC, PC Jeweller, Punj Lloyd, PNB, RCom, SRF, SBI, TV Today, Tata Chemicals, Tatainvest, Tata Motors, Tata Motors-DVR, Triveni Turbine, Union Bank Of India, Vijaya Bank, Voltas and VST Industries.

NSE Nifty: (7955) The support for the Nifty is 7938-7900-7880-7845 and the resistance to the up move is at 8050-8080-8120 levels.

NSE BankNifty: (16995) The support for BankNifty is at 16875-16750-16640-16435 and the resistance to the up move is at 17240-17480-17570-17660 levels.

BSE Sensex: (26304) The support for the Sensex is at 26215-26160-25950-25650 and the resistance to the up move is at 26560-26735-26950 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, November 05, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive with 44 points for Nifty and 114 points for Sensex. EquityPandit predicted that market would see some positive movement today but would see strong resistance at 8120 levels and exactly same happened. Nifty moved sharply positive but saw strong resistance right near EquityPandit’s predicted resistance levels of 8120 and rebounded from there. Nifty fell down sharply to close in negative region.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in negative zone. Exit Polls would be disclosed today after market hours which would affect Indian Stock Market direction, tomorrow. Today, market may see some sideways movement in either side direction but real volatility would start from tomorrow. FIIs were net buyers of Rs.33.16 crores whereas DIIs were net sellers of Rs.74.90 crores in last trading session. Nifty would see strong support at 8030-8000-7980-7950 whereas strong resistance would be seen at 8120-8150-8180-8210 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: Aban, Arvind Ltd, Bajaj Electricals, Castrol India, Cipla, Cummins India, Future Retail, ICRA, Jublfood, Manappuram finance, Novartis India, OFSS, SJVN, Tata Global Beverages, Tata Steel and Trent.

NSE Nifty: (8040) The support for the Nifty is 8030-8000-7980-7950 and the resistance to the up move is at 8120-8150-8180-8210 levels.

NSE BankNifty: (17221) The support for BankNifty is at 17170-17060-16953-16875 and the resistance to the up move is at 17480-17570-17660 levels.

BSE Sensex: (26533) The support for the Sensex is at 26375-26300-26215 and the resistance to the up move is at 26735-26950-27060-27165 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, November 04, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive. EquityPandit predicted that some positive movement can be seen at this point of time but market would consolidate in a range bound region and exactly same happened. Nifty and Bank Nifty moved between EquityPandit’s predicted support and resistance levels and finally closed flat for the day.

Today: Indian Stock Market would open positive with 30-60 points for Nifty and 100-200 points for Sensex. Technically, Indian Stock Market is still in negative zone but some sharp short covering (Positive movement) can’t be ruled out at this point of time. Bihar Poll results prediction on November 05, 2015 would stir the market. Major movement would be seen only on November 09, 2015. Market is waiting for Poll results to see further direction. FIIs were net sellers of Rs.449.84crores whereas DIIs were net buyers of Rs.350.31 crores in last trading session. Nifty would see strong support at 8030-8000-7980-7950 whereas strong resistance would be seen at 8120-8150-8180-8210 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: Ashok Leyland, Bank Of Mahrashtra, Bata India, Birlacorp, Canara Bank, Chennai Petroleum, Engineers India Ltd, Essar Ports, Fortis, Godrej Properties, IDBI, JK Lakshmi Cement, Marico, Omaxe, Reliance Infrastructure and SPARC.

NSE Nifty: (8061) The support for the Nifty is 8030-8000-7980-7950 and the resistance to the up move is at 8120-8150-8180-8210 levels.

NSE BankNifty: (17326) The support for BankNifty is at 17200-17060-16953-16875 and the resistance to the up move is at 17480-17570-17660 levels.

BSE Sensex: (26591) The support for the Sensex is at 26375-26300-26215 and the resistance to the up move is at 26735-26950-27060-27165 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, November 03, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with negative day. EquityPandit predicted that Indian Stock Market is still in negative zone but market would consolidate in a rangebound region until Bihar Poll Results are disclosed. EquityPandit also predicted that Nifty would see strong support at 8000 levels and closing below 8000 levels for Nifty, would only confirm the further downfall and exactly same happened. Market saw lows right near EquityPandit’s predicted support levels of 8000 for Nifty and 26375 levels for Sensex. Nifty saw sideways movement for the whole day and finally closed flat with negative bias. EquityPandit also predicted that Bank Nifty looks stronger than Nifty and would definitely perform better than Nifty. EquityPandit predicted that traders should go short in Nifty and long in Bank Nifty to reduce risk and earn profits and exactly same happened. Traders, who followed EquityPandit’s hedging strategy might have earned good profits for the day. Finally, Nifty closed right on EquityPandit’s support levels of 8050 like a dot.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market is still in negative zone but some positive movement can be seen at this point of time. Analysis would remain same for now. Closing below 8000 levels for Nifty would increase problems for Indian Stock Market and we could witness sharp down fall in that case. But now, some short covering can’t be ruled out. Now the major event that would decide the further market direction is Bihar Poll Results. Till then market would see sideways movement in a rangebound region and would see sector specific movement. Market would see major movement on Friday, November 06, 2015 based on Poll results predictions. A breakout or breakdown would be seen post Poll results on Monday, November 09, 2015. Traders should trade in small quantity until then, to avoid any type of risk. Bank Nifty still looks stronger then Nifty and would definitely perform better than Nifty. One can go short in Nifty and long in Bank Nifty for low risk and good profits. FIIs were net sellers of Rs.272.67 crores whereas DIIs were net buyers of Rs.145.38 crores in last trading session. Nifty would see strong support at 8050-8000-7980-7950 whereas strong resistance would be seen at 8120-8150-8180-8210 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: ABB, Adani Power, Balrampur Chini, Berger Paints, Bombay Dyeing, Chambal Fertilizer, DLF, Financial Technologies, Gail, Hexaware, IOC, Mcleod Russel, NESCO, PFC, Powergrid, PTC, PVR, Reliance Power and Tech mahindra.

NSE Nifty: (8051) The support for the Nifty is 8050-8000-7980-7950 and the resistance to the up move is at 8120-8150-8180-8210 levels.

NSE BankNifty: (17340) 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: (26559) The support for the Sensex is at 26375-26300-26215 and the resistance to the up move is at 27950-27060-27165-27445 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, November 02, 2015

EquityPandit

Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that Indian Stock Market is still in negative zone and the trade is to go short at every positive movement in the market and exactly same happened. Indian Stock Market fell down sharply, exactly as per EquityPandit’s predictions. Traders, who followed EquityPandit’s advice to go long might have earned huge profits for the day. Nifty saw lows right Near Equitypandit’s predicted support levels of 8050. Sensex also saw lows right at EquityPandit’s predicted support levels of 26580 like a dot. Finally, Indian Stock Market closed negative for the day exactly as per EquityPandit’s predictions.

Today: Indian Stock Market would open flat with negative bias. Technically, Indian Stock Market is still in negative zone. Closing below 8000 levels for Nifty would increase problems for Indian Stock Market and we could witness sharp down fall in that case. But now, some short covering can’t be ruled out. Now the major event that would decide the further market direction is Bihar Poll Results. Till then market would see sideways movement in a rangebound region and would see sector specific movement. Market would see major movement on Friday, November 06, 2015 based on Poll results predictions. A breakout or breakdown would be seen post Poll results on Monday, November 09, 2015. Traders should trade in small quantity until then, to avoid any type of risk. Bank Nifty looks stronger then Nifty and would definitely perform better than Nifty. One can go short in Nifty and long in Bank Nifty for low risk and good profits. FIIs were net sellers of Rs.1464.89 crores whereas DIIs were net buyers of Rs.1560.11 crores in last trading session. Nifty would see strong support at 8050-8000-7980-7950 whereas strong resistance would be seen at 8120-8180-8210-8250 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: Adani Enterprises, Adani Ports, BBTC, India Cements, Indian Bank, JP Power, OBC, Reliance Capital, Sonata Software, United Breweries, United Spirits and VRL Logistics.

NSE Nifty: (8066) The support for the Nifty is 8050-8000-7980-7950 and the resistance to the up move is at 8120-8180-8210-8250 levels.

NSE BankNifty: (17355) 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: (26657) The support for the Sensex is at 26580-26375-26300-26215 and the resistance to the up move is at 27950-27060-27165-27445 levels.

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