Share Market Tips for – Monday, February 01, 2016

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Market Entered Positive Zone, Go Long At Every Dip

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market Opened flat for the day. EquityPandit predicted that Nifty needs to breach 7440 to enter into positive zone and exactly same happened. Once Nifty breached the levels of 7440, it moved sharply positive and finally, entered into positive zone. Nifty closed right below EquityPandit’s predicted resistance levels of 7567 like a dot. Sensex also saw highs right at EquityPandit’s predicted resistance levels of 24915 like a dot. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market to open positive. Technically, Indian Stock Market, including Nifty, BankNifty and Sensex has entered into positive zone. Traders can go long for now at every dip in the market. Now, Nifty would see strong support at 7500 levels. Traders can also go long in BankNifty at this point of time for huge profits as it is discounted as of now. FIIs were first time buyers in Indian Stock Market after 18 trading days of selling. FIIs were net buyers of Rs.571.70 crores whereas DIIs were net buyers of 240.02 crores in last trading session. Nifty would see strong support at 7500-7475-7367-7200 whereas strong resistance would be seen at 7606-7675-7755-7800 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

List Of Stocks That Would Multiply Your Wealth.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results to be disclosed today: Aban Offshore, Adani Enterprises, Ajanta Pharma, Century Textiles, EID Perry, HPCL, Jindal Saw, Tech Mahindra, Transport corporation Of India, VIP Industries and VRL Logistics.

NSE Nifty: (7564) The support for the Nifty is 7500-7475-7367-7200 and the resistance to the up move is at 7606-7663-7693-7755 levels.

NSE BankNifty: (15522) The support for BankNifty is at 15500-15336-15200-15060 and the resistance to the up move is at 15600-15680-15805-15954 levels.

BSE Sensex: (24871) The support for the Sensex is at 24644-24488-24380-24206 and the resistance to the up move is at 24988-25082-25120-25225 levels.

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Colgate Palmolive Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for Colgate Palmoilve for the week (February 01, 2016 – February 05, 2016):

 

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on negative note losing around 2.80%.

As we have mentioned last week that support for the stock lies in the zone of 850 to 860 where channel support for the stock is lying. During the week the stock manages to hit a low of 847 and bounce to close the week around the levels of 858.

Support for the stock lies in the zone of 850 to 860 where channel support for the stock is lying.

Resistance for the stock lies in the zone of 900 from where the stock has broken down from the double bottom pattern. If the stock closes above this levels then the stock can move to the levels of 940 to 950 where short term moving averages and 100 Daily SMA is positioned.

Broad range for the stock is seen between 850 to 860 on lower end and 910 to 920 on upper end.

Dabur Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for DABUR for the week (February 01, 2016 – February 05, 2016):

 

DABUR:

 

DABUR

 

Dabur closed the week on positive note gaining around 4.0%.

As we have mentioned last week that resistance for the stock lies in the zone of 250 from where the stock has broken down from the large Head & Shoulder pattern which the stock has formed during the whole 2015. If the stock closes above this levels then the stock can move to the levels of 260 to 270 where short term moving averages are positioned. During the week the stock manages to hit a high of 253 and close around the levels of 250.

Resistance for the stock lies in the zone of 250 from where the stock has broken down from the large Head & Shoulder pattern which the stock has formed during the whole 2015. If the stock closes above this levels then the stock can move to the levels of 260 to 270 where short term moving averages are positioned.

Support for the stock lies in the zone of 235 to 240 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock closes below this levels then the stock can drift to the levels of 175 to 180 where lies the target for the broken Head & Shoulder pattern

Broad range for the stock is seen between 230 to 235 on lower end and 265 to 270 on upper end.

Hindustan Unilever Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (February 01, 2016 – February 05, 2016):

 

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on positive note gaining around 5.90%.

As we have mentioned last week that support for the stock lies in the zone of 770 where 500 Daily SMA, 100 Weekly SMA and the stock has formed a medium term bottom. If the stock closes below this levels then the stock can drift to the levels of 730 where trend-line joining earlier lows is positioned. During the week the stock manages to hit a low of 766 and close the week around the lowest levels.

Support for the stock lies in the zone of 800 from where the stock has broken the short term double bottom formation. If the stock closes below this levels then the stock can drift to the levels of 770 where 500 Daily SMA, 100 Weekly SMA and the stock has formed a medium term bottom.

Resistance for the stock lies in the zone of 830 where 50 Daily SMA is positioned. If the stock manages to close above this levels then the stock can move to the levels of 850 where 200 Daily SMA is lying.

Broad range for the stock in coming week is seen between 780 to 790 on downside and 830 to 840 on upside.

ITC Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for ITC for the week (February 01, 2016 – February 05, 2016):

 

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 3.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 325 to 330 where 100 & 200 Daily SMA are lying. If the stock closes above this levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the stock manages to hit a high of 326 and close around the levels of 320.

Support for the stock lies in the zone of 310 to 315 where 1000 Daily SMA and 200 Weekly SMA is positioned. If the stock closes below this levels then the stock can drift to the levels of 290 where the stock had made a medium term bottom.

Resistance for the stock lies in the zone of 325 to 330 where 100 & 200 Daily SMA are lying. If the stock closes above this levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA are positioned.

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

Cipla Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for Cipla for the week (February 01, 2016 – February 05, 2016):

 

CIPLA:

 

CIPLA

 

CIPLA 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 580 where 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 540. During the week the stock manages to hit a low of 572 and close the week around the levels of 585.

Stock has closed around the support zone of 580 where 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 540.

Minor resistance for the stock lies in the zone of 600 from where the stock has broken down from the short term bottom. Resistance for the stock lies in the zone of 620 where long term trend-line support for the stock is lying. If the stock closes below this levels then the stock move to the levels of 645 to 650 where short term moving averages are lying.

Broad range for the stock is seen in the range of 560 – 565 on downside to 600 – 605 on upside.

Dr. Reddy Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (February 01, 2016 – February 05, 2016):

 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 7.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 3000 to 3050. If the stock manages to close above this levels then the stock can move to the levels of 3150 where 500 Daily SMA and 100 Weekly SMA is lying. During the week the stock manages to hit a high of 3120 and close the week around the levels of 3105.

Support for the stock lies in the zone of 3000 to 3050 where short term moving averages are lying. If the stock closes below this levels then the stock can drift to the levels of 2750 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone of 3220 to 3250 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock closes above this levels then the stock can move to the levels of 3400.

Broad range for the stock is seen from 2900 – 2950 on downside to 3250 – 3300 on upside.

Lupin Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for Lupin for the week (February 01, 2016 – February 05, 2016):

 

LUPIN:

 

LUPIN

 

Lupin closed the week on negative note losing around 0.60%.

As we have mentioned last week that support for the stock lies in the zone of 1630 to 1650 where the stock has formed a short term bottom. 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 1660 and bounce to close the week around the levels of 1710.

Support for the stock lies in the zone of 1630 to 1650 where the stock has formed a short term bottom. 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.

Resistance for the stock lies in the zone of 1750 to 1800 where short term moving averages are lying. If the stock closes above this levels then the stock can move to the levels of 1850 where 200 Daily SMA is lying.

The stock has been consolidating in the tight range of 1680 on downside to 1730 on upside since last 3 weeks.

Broad range for the stock is seen from 1600 – 1620 on downside to 1780 – 1800 on upside.

Sun Pharma Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (February 01, 2016 – February 05, 2016):

 

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on positive note gaining around 10.60%.

As we have mentioned last week that resistance for the stock lies in the zone of 810 to 820 where 500 Daily SMA and 100 Weekly SMA are lying. If the stock closes above this levels then the stock can move to the levels of 840 to 850 where 100 Daily SMA is lying. During the week the stock manages to hit a high of 878 and virtually close at the highest levels.

Support for the stock lies in the zone of 840 to 850 where 200 Daily SMA is lying. If the stock closes below this levels then the stock can drift to the levels of 820 where 100 Daily SMA and 100 Weekly SMA is lying.

Resistance for the stock lies in the zone of 900 to 910 from where the stock has sold off in the month of November – 2015.

Broad range for the stock in the coming week can be 840 – 850 on lower side to 900 – 910 on upper side.

Wipro Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for Wipro for the week (February 01, 2016 – February 05, 2016):

 

WIPRO:

 

WIPRO

 

Wipro closed the week on positive note gaining around 2.30%.

As we have mentioned last week that stock has closed around the strong resistance zone of 545 to 550 where the trend-line support for the stock is positioned. If the stock closes below this levels then the stock can move to the levels of 565 to 570 where 100, 200 & 500 Daily SMA are positioned. During the week the stock manages to hit a high of 566 and close at the highest levels.

Support for the stock lies in the zone of 545 to 550 where the trend-line support for the stock is positioned. If the stock closes below this levels then the stock can drift to the levels of 530 where the stock has formed a short term bottom.

Stock has closed around the resistance zone of 565 to 570 where 100, 200 & 500 Daily SMA are positioned. If the stock closes above this levels then the stock can move to the levels of 580.

Broad range for the stock in the coming week is seen between 540 to 545 on downside to 575 to 580 on upside.

HCL Tech Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for HCL Tech for the week (February 01, 2016 – February 05, 2016):

 

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on positive note gaining around 3.10%.

As we have mentioned last week that the resistance for the stock lies in the zone of 850 to 860 where trend-line joining recent highs is positioned. If the stock manages to close above this levels then the stock can move to the levels of 880 where 100 Daily SMA is lying. During the week the stock manages to hit a high of 870 and close the week around the levels of 866.

Support for the stock lies in the zone of 840 to 850 where short term moving averages, 100 Weekly SMA and trend-line joining recent highs is positioned. If the stock closes below this levels then the stock can drift to the levels of 800 to 810 where the stock has made a bottom in January – 2016.

Stock has closed around the resistance zone of 870 where 100 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 900 where 200 Daily SMA is lying.

Broad range for the stock in the coming week is seen between 840 to 845 on downside to 885 to 890 on upside.

TCS Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for TCS for the week (February 01, 2016 – February 05, 2016):

 

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on positive note gaining around 4.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 2320 to 2350 from where the stock has broken down from the short term bottom. If the stock manages to close above this levels then the stock can move to the levels of 2410 to 2420 where short term moving averages are lying. During the week the stock manages to hit a high of 2400 and close around the highest levels.

Support for the stock lies in the zone of 2340 to 2360 where short term moving averages are lying. If the stock manages to close below this levels then the stock can drift to the levels of 2250 from where the stock has broken out of the consolidation range in the month of June – 2014.

Resistance for the stock lies in the zone of 2450 where 100 & 500 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 2500 where 200 Daily SMA is lying.

The stock has formed a Morning star pattern on weekly charts in a downtrend.

Broad range for the stock in the coming week is seen between 2340 to 2360 on downside to 2450 to 2470 on upside.

Infosys Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for Infosys for the week (February 01, 2016 – February 05, 2016):

 

INFOSYS:

 

INFY

 

INFY closed the week on positive note gaining around 2.50%.

As we have mentioned last week that support for the stock lies in the zone of 1120 to 1125 where channel support for the stock is positioned. If the stock closes below this levels then the stock can drift to the levels of 1080 to 1100 where 100 Daily SMA is lying. During the week the stock manages to hit a low of 1125 and bounce to close the week around the levels of 1165.

Support for the stock lies in the zone of 1120 to 1125 where channel support for the stock is positioned. If the stock closes below this levels then the stock can drift to the levels of 1080 to 1100 where 100 Daily SMA is lying.

The stock has closed just above the resistance zone of 1160. Resistance for the stock lies in the zone of 1200 where trend-line joining earlier highs is lying.

Broad range for the stock in the coming week is seen between 1120 to 1130 on downside to 1190 to 1200 on upside.

SBI Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for SBI for the week (February 01, 2016 – February 05, 2016):

 

STATE BANK OF INDIA:

 

SBIN

 

State Bank Of India (NSE: SBIN) closed the week on negative note losing around 2.80%.

As we have mentioned last week that support for the stock lies in the zone of 175 where the trend-line joining lows of March – 2009 and February – 2014 is lying. If the stock closes below this levels then the stock can drift to the levels of 150 where monthly trend-line support for the stock is positioned. During the week the stock manages to hit a low of 178 and close at virtually the lowest point.

Support for the stock lies in the zone of 175 where the trend-line joining lows of March – 2009 and February – 2014 is lying. If the stock closes below this levels then the stock can drift to the levels of 150 where monthly trend-line support for the stock is positioned.

Resistance for the stock lies in the zone of 195 to 200 where 500 Daily SMA is lying. If the stock closes above this levels then the stock can move to the levels of 220 to 225 where 1000 Daily SMA and earlier lows of the stock is positioned.

Broad range for the stock in the coming week can be 170 – 175 on lower side to 195 – 200 on upper side.

Axis Bank Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for Axis Bank for the week (February 01, 2016 – February 05, 2016):

 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 3.6%.

As we have mentioned last week that resistance for the stock lies in the zone of 430 to 435 where the gap has been created by the stock on 07/01/2016. If the stock manages to close above this levels then the stock can move to the levels of 450 to 460 from where the stock has broken after forming the double bottom. During the week the stock manages to hit a high of 430 and retraced to close the week around the levels of 409.

Support for the stock lies in the zone of 400 to 410 where the stock has opened gap up on back of strong quarterly results. If the stock closes below this levels then the stock can drift to the levels of 340 to 350 where 1000 Daily SMA and 200 Weekly SMA are lying.

Resistance for the stock lies in the zone of 430 to 435 where the gap has been created by the stock on 07/01/2016. If the stock manages to close above this levels then the stock can move to the levels of 450 to 460 from where the stock has broken after forming the double bottom.

Broad range for the stock in the coming week can be 395 – 400 on lower side to 450 – 455 on upper side.

ICICI Bank Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (February 01, 2016 – February 05, 2016):

 

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on negative note losing around 1.60%.

As we have mentioned last week that resistance for the stock lies in the zone of 245 to 250 where 1000 Daily SMA and 200 Weekly SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 255 from where the stock has broken down from the Head & Shoulder pattern. During the week the stock manages to hit a high of 240 and retraced to close the week around the levels of 229.

Support for the stock lies in the zone 210 to 220 where 100 Monthly SMA is lying. If the stock closes below this levels then the stock can drift to the levels of 190 to 200 where 500 Weekly SMA and the stock has made a bottom on 07/02/2014 from where the stock has rallied to the levels of 393.

Resistance for the stock lies in the zone of 245 to 250 where 1000 Daily SMA and 200 Weekly SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 255 from where the stock has broken down from the Head & Shoulder pattern.

Broad range for the stock in the coming week can be 215 – 220 on lower side to 245 – 250 on upper side.

HDFC Bank Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (February 01, 2016 – February 05, 2016):

 

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on positive note gaining around 2.0%.

As we have mentioned last week that the resistance for the stock lies in the zone of 1050 to 1060 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 1085 to 1090 where the stock has made a top on 02/12/2015. During the week the stock manages to hit a high of 1055 and close around the highest levels.

Support for the stock lies in the zone of 980 to 1000 where channel support for the stock is lying. If the stock closes below this levels then the stock can drift to the levels of 950 where 500 Daily SMA and 100 Weekly SMA are positioned.

The stock has closed around the strong resistance zone of 1050 to 1060 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 1085 to 1090 where the stock has made a top on 02/12/2015.

Broad range for the stock in the coming week can be 1020 – 1030 on lower side to 1065 – 1075 on upper side.

Nifty Energy Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (February 01, 2016 – February 05, 2016):

 

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 3.10%.

As we have mentioned last week that the index has closed around the strong support zone of 8200 where 1000 Daily SMA is lying. If the index closes below this levels then the index can drift to the levels of 8000 where 100 Daily SMA and 500 Monthly SMA is positioned. During the week the index manages to hit a low of 8195 and bounce to close the week around the levels of 8505.

Support zone of 8200 to 8300 where 200 & 1000 Daily SMA is lying. If the index closes below this levels then the index can drift to the levels of 8000 where 100 Daily SMA and 500 Monthly SMA is positioned.

Resistance for the index lies in the zone of 8650 to 8700 where 500 Daily SMA and 100 Weekly SMA are lying. If the index manages to close above this levels then the index can move to the levels of 9000.

Broad range for the index is seen between 8200 to 8250 on downside to 8650 to 8700 on upside.

Nifty Auto Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (February 01, 2016 – February 05, 2016):

 

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 1.0%.

As we have mentioned last week that support for the index lies in the zone of 7400 where channel support for the index is positioned. If the index closes below this levels then the index can drift to the levels of 7200 from where the index has broken out in the month of August – 2014. During the week the index manages to hit a low of 7411 and bounce to close the week around the levels of 7625.

Support for the index lies in the zone of 7400 where channel support for the index is positioned. If the index closes below this levels then the index can drift to the levels of 7200 from where the index has broken out in the month of August – 2014.

Resistance for the index lies in the zone of 7800 to 7900 where the index has broken the medium term bottom on 14/12/2015. If the index manages to close above this levels then the index can move to the levels of 8000 where 100 Daily SMA is positioned.

Broad range for the index is seen from 7300 to 7350 on downside to 7800 to 7850 on upside.

Nifty Pharma Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (February 01, 2016 – February 05, 2016):

 

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on positive note gaining around 6.0%.

As we have mentioned last week that resistance for the index lies in the zone of 11700 where short term moving averages are positioned. If the index manages to close above this levels then the index can move to the levels 12000 where a gap which was created by the index on 09/11/2015 are positioned. During the week the index manages to hit a 11809 and close around the highest levels.

Support for the index lies in the zone of 11500 where short term moving averages are lying. If the index manages to close below this levels then the index can drift to the levels of 11000 to 11200 where channel support for the index is lying in which the index is moving since April – 2015.

Resistance for the index lies in the zone of 12000 where a gap which was created by the index on 09/11/2015 are positioned. If the index manages to close above this levels then the index can move to the levels of 12200 where 100 & 200 Daily SMA is lying.

Broad range for the index is seen from 11400 to 11600 on downside to 12000 to 12200 on upside.

Nifty FMCG Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (February 01, 2016 – February 05, 2016):

 

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 2.80%.

As we have mentioned last week that resistance for the index lies in the zone of 18950 where the index has opened gap down on 20/01/2016. If the index manages to close above this levels then the index can move to the levels of 19300 to 19500 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the index manages to hit a high of 19198 and closed around the levels of 19069.

Resistance for the index lies in the zone of 19300 to 19500 where 500 Daily SMA and 100 Weekly SMA are positioned. If the index manages to close above this levels then the index can move to the levels of 19900 to 20000 where 100 & 200 Daily SMA is lying.

Support for the index lies in the zone of 18600 to 18700 where trend-line joining lows on 13-10-14 and 15-06-15 is lying. If the index manages to close below this levels then the index can drift to the levels of 18200 to 18400 where short term bottom has been placed.

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

Broad range for the index in the coming week is seen from 18500 on downside to 19500 on upside.

Nifty IT Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (February 01, 2016 – February 05, 2016):

 

NIFTY IT:

 

NIFTYIT

 

Nifty IT index ended the week on positive note gaining around 2.10%.

As we have mentioned last week that support for the index lies in the zone of 10800 to 10900 where 500 Daily SMA and 100 Weekly SMA are positioned. If the index closes below this levels then the index can be in a freefall zone where no support is visible. The next support lies in the zone of 10400 from where the index has broken out in the month of August – 2014. During the week the index manages to hit a low of 10984 and bounce to close the week around the levels of 11240.

Support for the index lies in the zone of 10900 to 11000 where short term moving averages, 500 Daily SMA and 100 Weekly SMA are positioned. If the index closes below this levels then the index can be in a freefall zone where no support is visible. The next support lies in the zone of 10400 from where the index has broken out in the month of August – 2014.

Resistance for the index lies in the zone of 11300 to 11500 where 100 & 200 Daily SMA are lying. If the index manages to close above the this levels then the index can move to the levels of 11700 where trend-line joining earlier highs is lying.

Broad range for the index in the coming week is seen from 11000 on downside to 11500 on upside.

Nifty Bank Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (February 01, 2016 – February 05, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 15800 to 16000 from where the index has broken down the medium term bottom. If the index manages to close above this levels then the index can move to the levels of 16300 to 16500 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the index manages to hit a high of 15683 and retraced to close the week around the levels of 15516.

Support for the index lies in the zone of 14800 to 15000 where the channel support for the index is positioned. If the index manages to close below this levels then the index can drift to the levels of 13800 to 14200 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the index lies in the zone of 15800 to 16000 from where the index has broken down the medium term bottom. If the index manages to close above this levels then the index can move to the levels of 16300 to 16500 where 500 Daily SMA and 100 Weekly SMA are positioned.

Range for the week is seen from 14800 to 15000 on downside to 15800 to 16000 on upside.

Nifty Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for Nifty for week (February 01, 2016 – February 05, 2016):

 

NIFTY:

 

NSE Nifty

 

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

As we have mentioned last week that resistance for the index lies in the zone of 7550 to 7600 where the index has broken down from the double bottom pattern. If the index manages to close above this levels then the index can move to the levels of 7650 to 7700 where the index has formed a gap on 07/01/2016 on gap down opening. During the week the index manages to hit a high of 7575 and virtually close at the highest levels.

Minor support for the index lies in the zone of 7380 to 7420. Support for the index lies in the zone of 7100 to 7200 where the lower end of the channel is positioned which is supporting the index on every downfall since the month of February – 2015. If the index manages to close below this levels then the index can drift to the levels of 6700 where 1000 Daily SMA and 200 Weekly SMA are positioned.

The index has closed around the strong resistance zone of 7550 to 7600 where the index has broken down from the double bottom pattern. If the index manages to close above this levels then the index can move to the levels of 7650 to 7700 where the index has formed a gap on 07/01/2016 on gap down opening.

Broad range for the week is seen from 7350 on downside to 7750 on upside.

Share Market Tips for – Friday, January 29, 2016

equitypandit_square

Nifty Needs To Close Above 7440 Levels Else Market Would See Breakdown Again

 

Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that BankNifty is in positive zone and Nifty needs to close above 7440 to enter into positive zone until then it would still remain in negative zone. EquityPandit also predicted that Crude Oil would see sharp positive movement for the day and exactly same happened. Nifty moved sharply positive but was not able to sustain the higher levels and fell down sharply to close just above EquityPandit’s predicted support levels of 7420 levels. Sensex also saw highs right near EquityPandit’s predicted resistance levels of 24580. Crude Oil saw sharp jump as predicted by EquityPandit. Finally, Indian Stock Market closed negative for the day with strong pressure on BankNifty.

Today: Indian Stock Market would open flat. Technically, BankNifty is still in positive zone whereas Nifty is in negative zone. Indian Stock Market has lost its positive momentum. Market is not holding higher levels and Nifty has continuosly been closed below EquityPandit’s predicted reversal levels. It looks that market would again see downfall. If Nifty is not able to close above levels of 7440 and BankNifty closes below 15240 levels then we would see a big breakdown again in the market. Traders can go short in Nifty at this point of time with strict stoploss of 7440 by closing. Nifty needs to close above 7440 levels to enter into positive zone. FIIs were net seller of Rs.961.82 crores whereas DIIs were net buyers of 394.22 crores in last trading session. Nifty would see strong support at 7367-7330-7302-7224 whereas strong resistance would be seen at 7475-7507-7567-7606 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: GIC Housing Finance, IRB, JSW Steel, L&T, NTPC, Pidilite, Praj Industries, PVR, Siemens, Suzlon Energy, TVS Motor, UPL and Yes Bank.

NSE Nifty: (7425) The support for the Nifty is 7367-7330-7302-7224 and the resistance to the up move is at 7475-7507-7567-7606 levels.

NSE BankNifty: (15381) The support for BankNifty is at 15336-15200-15060-14950 and the resistance to the up move is at 15475-15600-15680-15805 levels.

BSE Sensex: (24470) The support for the Sensex is at 24400-24245-24156-24080 and the resistance to the up move is at 24580-24660-24786-25915 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, January 28, 2016

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Go Long In Market If Nifty Closes Above 7440 Levels

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. EquityPandit predicted that Nifty is still in negative zone whereas BankNifty is in positive zone and hence traders should wait until the trend is confirmed. Nifty moved sharply positive and saw strong resistance near EquityPandit’s predicted resistance levels of 7485 levels. BankNifty also saw highs right near EquityPandit’s predicted resistance levels of 15680 like a dot. Sensex also saw strong resistance at EquityPandit’s predicted resistance levels of 24660. Market fell down sharply from day highs. BankNifty saw lows right at EquityPandit’s predicted support levels of 15450 like a dot and bounced from there. Finally, Indian Stock Market closed flat for the day as per EquityPandit’s predictions.

Today: Indian Stock Market would open positive. Technically, BankNifty is in positive zone whereas Nifty is still in negative zone. Today is F&O Expiry Day and huge volatility would be seen in the market. Today, Nifty should breach the resistance of 7440 and enter into positive zone. Traders can go long as of now in the market but watch carefully that Nifty should close above 7440 levels to take long positions home. US Crude Inventory data was lower then expected that showed a jump in demand which is positive news for Crude. Global Market would see positive movement for today and hence traders can continue long positions in BankNifty. Few Important Results would be disclosed today that would affect Indian Stock Market direction. FIIs were net seller of Rs.366.93 crores whereas DIIs were net buyers of 499.99 crores in last trading session. Nifty would see strong support at 7420-7367-7330-7302 whereas strong resistance would be seen at 7485-7507-7567-7606 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

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Important Results to be disclosed today: Bharti Airtel, Dabur India, Emami Ltd., GlenMark Pharm, HCC, ICICI Bank, Info Edge, Maruti Suzuki, Muthoot Finance, Syndicate Bank, Titan and Vedanta Limited.

NSE Nifty: (7438) The support for the Nifty is 7420-7367-7330-7302 and the resistance to the up move is at 7485-7507-7567-7606 levels.

NSE BankNifty: (15535) The support for BankNifty is at 15450-15336-15200-15060 and the resistance to the up move is at 15600-15680-15805-15960 levels.

BSE Sensex: (24492) The support for the Sensex is at 24450-24245-24156-24080 and the resistance to the up move is at 24580-24660-24786-25915 levels.

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

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Share Market Tips for – Wednesday, January 27, 2016

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Bank Nifty In Positive Zone But Nifty Still In Negative Zone, Wait For Clear Direction

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day with 66 points for Nifty, 100 points for Sensex and around 180 points for BankNifty. Equitypandit predicted that BankNifty has entered into positive zone and Nifty should follow the trend and close above 7450 for a sustainable trend. Indian Stock Market opened gap positive giving huge profits to traders. Nifty also breached 7450 levels but was not able to close above those levels and hence remained in negative zone as of now. BankNifty saw highs right at EquityPandit’s predicted resistance levels of 15680 like a dot. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open flat. Technically, BankNifty is in positive zone whereas Nifty is still in negative zone. Nifty would enter into positive zone once it closes above 7440 and BankNifty would again enter into negative zone if it closes below 15240 levels, hence the best way is to wait until either of two happens and both enters into same zone either positive or negative. Once the trend is confirmed, traders can go in that direction. Shanghai Index was down by 6.38% when Indian Stock Market was closed on Republic day hence Indian Stock Market would see some pressure after Republic Day holiday. Today, Q3 Results of few big companies like HDFC and Colgate would be disclosed that would affect Indian Stock Market direction. FIIs were net seller of Rs.91.15 crores whereas DIIs were net buyers of 307.89 crores in last trading session. Nifty would see strong support at 7367-7330-7302-7224 whereas strong resistance would be seen at 7485-7505-7567-7606 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

List Of Stocks That Would Multiply Your Wealth.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results to be disclosed today: Bharat Electronics Ltd, Bharti Infratel, Colgate Palmolive, Godrej Consumer Products, Havells India, HDFC, Justdial, Power Grid, SKS Microfinance, Tata Coffee and United Spirits.

NSE Nifty: (7436) The support for the Nifty is 7367-7330-7302-7224 and the resistance to the up move is at 7485-7505-7567-7606 levels.

NSE BankNifty: (15561) The support for BankNifty is at 15450-15336-15200-15060 and the resistance to the up move is at 15600-15680-15805-15960 levels.

BSE Sensex: (24486) The support for the Sensex is at 24245-24156-24080-23950 and the resistance to the up move is at 24580-24660-24786-25915 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, January 25, 2016

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Bank Nifty Entered Positive Zone, Its Time To Go Long In The Market

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day with 80 points for Nifty, 160 points for Sensex and around 242 points for BankNifty. EquityPandit predicted that Indian Stock Market would see sharp short-covering rally (Positive Rally) for the day. Nifty saw sharp positive rally but saw strong resistance at EquityPandit’s levels of 7500. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open positive. Technically, BankNifty has entered into positive zone and Nifty is still in negative zone. It looks like today, Nifty would also enter into positive zone following BankNifty. Rising Oil Prices is giving boost to US Stock Markets and hence Asian Stock Market is following the trend. Traders, can wait for Nifty to breach 7450 levels. Once Nifty breaches those levels, traders can go long in Nifty. For now, traders can go long in BankNifty as it has already entered into positive trend. Nifty needs to enter into positive trend today for BankNifty to sustain the positive trend. FIIs were net seller of Rs.769.83 crores whereas DIIs were net buyers of 915.60 crores in last trading session. Nifty would see strong support at 7350-7302-7224-7200 whereas strong resistance would be seen at 7467-7505-7567-7606 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

List Of Stocks That Would Multiply Your Wealth.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results to be disclosed today: Container Corporation Of India, HDFC Bank, Mcleod Russel and MRF.

NSE Nifty: (7422) The support for the Nifty is 7350-7302-7224-7200 and the resistance to the up move is at 7467-7505-7567-7606 levels.

NSE BankNifty: (15498) The support for BankNifty is at 15336-15200-15060-14920 and the resistance to the up move is at 15600-15680-15805-15960 levels.

BSE Sensex: (24436) The support for the Sensex is at 24245-24156-24080-23950 and the resistance to the up move is at 24580-24660-24786-25915 levels.

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

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Colgate Palmolive Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for Colgate Palmoilve for the week (January 25, 2016 – January 29, 2016):

 

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on negative note losing around 3.80%.

As we have mentioned last week that support for the stock lies in the zone of 890 where the stock has formed a medium term bottom. If the stock closes below this levels then the stock can drift to the levels of 850 to 860 where channel support for the stock is lying. During the week the stock manages to hit a low of 880 and close at virtually the lowest levels.

Support for the stock lies in the zone of 850 to 860 where channel support for the stock is lying.

Resistance for the stock lies in the zone of 900 from where the stock has broken down from the double bottom pattern. If the stock closes above this levels then the stock can move to the levels of 940 to 950 where short term moving averages and 100 Daily SMA is positioned.

Broad range for the stock is seen between 850 to 860 on lower end and 910 to 920 on upper end.

Dabur Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for DABUR for the week (January 25, 2016 – January 29, 2016):

 

DABUR:

 

DABUR

 

Dabur closed the week on negative note losing around 3.60%

As we have mentioned last week that stock has close around the strong support zone of 250. If the stock closes below this levels for 2 days then the stock will break down from the large Head & Shoulder pattern which the stock has formed during the whole 2015. Target for this Head & Shoulder pattern can be in the range of 175 to 180 in 5 to 6 months time frame. For short term if the stock closes below this levels then the stock can drift to the levels of 235 where 500 Daily SMA and 100 Weekly SMA is positioned. During the week the stock manages to hit a low of 239 and close around the lowest levels.

Resistance for the stock lies in the zone of 250 from where the stock has broken down from the large Head & Shoulder pattern which the stock has formed during the whole 2015. If the stock closes above this levels then the stock can move to the levels of 260 to 270 where short term moving averages are positioned.

Support for the stock lies in the zone of 235 to 240 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock closes below this levels then the stock can drift to the levels of 175 to 180 where lies the target for the broken Head & Shoulder pattern

Broad range for the stock is seen between 225 to 230 on lower end and 250 to 255 on upper end.

Hindustan Unilever Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (January 25, 2016 – January 29, 2016):

 

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on negative note losing around 4.10%.

As we have mentioned last week that support for the stock lies in the zone of 770 where 500 Daily SMA, 100 Weekly SMA and the stock has formed a medium term bottom. If the stock closes below this levels then the stock can drift to the levels of 730 where trend-line joining earlier lows is positioned. During the week the stock manages to hit a low of 770 and close the week around the lowest levels.

Support for the stock lies in the zone of 770 where 500 Daily SMA, 100 Weekly SMA and the stock has formed a medium term bottom. If the stock closes below this levels then the stock can drift to the levels of 730 where trend-line joining earlier lows is positioned.

Minor resistance for the stock lies in the zone of 800 from where the stock has broken the short term double bottom. Resistance for the stock lies in the zone of 830 where 100 Daily SMA is positioned. If the stock manages to close above this levels then the stock can move to the levels of 860 where 200 Daily SMA is lying.

Broad range for the stock in coming week is seen between 740 to 750 on downside and 800 to 810 on upside.

ITC Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for ITC for the week (January 25, 2016 – January 29, 2016):

 

ITC:

 

ITC

 

ITC closed the week on negative note losing around 1.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 325 to 330 where 100 & 200 Daily SMA are lying. If the stock closes above this levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the stock manages to hit a high of 320 and close the week around the levels of 309.

Stock has closed just below the support zone of 310 where 1000 Daily SMA and 200 Weekly SMA is positioned. If the stock closes below this levels then the stock can drift to the levels of 290 where the stock had made a medium term bottom.

Resistance for the stock lies in the zone of 325 to 330 where 100 & 200 Daily SMA are lying. If the stock closes above this levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA are positioned.

Broad range for the stock in coming week is seen between 300 to 305 on downside and 325 to 330 on upside.

Cipla Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for Cipla for the week (January 25, 2016 – January 29, 2016):

 

CIPLA:

 

CIPLA

 

CIPLA closed the week on negative note losing around 4.40%.

As we have mentioned last week that support for the stock lies in the zone of 580 where 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 540. During the week the stock manages to hit a low of 576 and close the week around the levels of 582.

Stock has closed around the support zone of 580 where 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 540.

Minor resistance for the stock lies in the zone of 600 from where the stock has broken down from the short term bottom. Resistance for the stock lies in the zone of 620 where long term trend-line support for the stock is lying. If the stock closes below this levels then the stock move to the levels of 645 to 650 where short term moving averages are lying.

Broad range for the stock is seen in the range of 560 – 565 on downside to 600 – 605 on upside.

Dr. Reddy Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (January 25, 2016 – January 29, 2016):

 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 1.80%.

As we have mentioned last week that the stock has closed around the support zone of 2940 from where the stock has broken out in the month of August – 2014. If the stock closes below this levels then the stock can drift to the levels of 2600 where 1000 Daily SMA and 200 Weekly SMA are lying. During the week the stock manages to hit a low of 2750 and close the week around the levels of 2882.

Minor Support for the stock lies in the zone of 2750 where the stock has formed a short term bottom. If the stock closes below this levels then the stock can drift to the levels of 2600 where 1000 Daily SMA and 200 Weekly SMA are lying.

Resistance for the stock lies in the zone of 3000 to 3050. If the stock manages to close above this levels then the stock can move to the levels of 3150 where 500 Daily SMA and 100 Weekly SMA is lying.

The stock has formed a Hammer pattern in a downtrend indicating the trend reversal or exhaustion in selling pressure.

Broad range for the stock is seen from 2800 – 2850 on downside to 3000 – 3050 on upside.

Lupin Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for Lupin for the week (January 25, 2016 – January 29, 2016):

 

LUPIN:

 

LUPIN

 

Lupin closed the week on positive note gaining around 1.20%.

As we have mentioned last week that resistance for the stock lies in the zone of 1750 to 1800 where short term moving averages are lying. If the stock closes above this levels then the stock can move to the levels of 1850 where 200 Daily SMA is lying. During the week the stock manages to hit high of 1735 and close around the levels of 1721.

Support for the stock lies in the zone of 1630 to 1650 where the stock has formed a short term bottom. 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.

Resistance for the stock lies in the zone of 1750 to 1800 where short term moving averages are lying. If the stock closes above this levels then the stock can move to the levels of 1850 where 200 Daily SMA is lying.

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

The stock has been consolidating in the tight range of 1680 on downside to 1730 on upside.

Broad range for the stock is seen from 1600 – 1620 on downside to 1780 – 1800 on upside.

Sun Pharma Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (January 25, 2016 – January 29, 2016):

 

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on absolutely flat note.

As we have mentioned last week that support for the stock lies in the zone of 750 to 760 where trend-line support for the stock is lying. If the stock closes below this levels then the stock can drift to the levels 700 to 710 where the stock has formed a medium term bottom. During the week the stock manages to hit a low of 764 and bounce to close the week around the levels of 789.

Support for the stock lies in the zone of 750 to 760 where trend-line support for the stock is lying. If the stock closes below this levels then the stock can drift to the levels 700 to 710 where the stock has formed a medium term bottom.

Resistance for the stock lies in the zone of 810 to 820 where 500 Daily SMA and 100 Weekly SMA are lying. If the stock closes above this levels then the stock can move to the levels of 840 to 850 where 100 Daily SMA is lying.

During the week the stock consolidated in the tight range of 760 on downside to 800 on upside. A breakout on either side will move the stock further 3% to 4% in that direction.

Broad range for the stock in the coming week can be 760 – 770 on lower side to 840 – 850 on upper side.

Wipro Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for Wipro for the week (January 25, 2016 – January 29, 2016):

 

WIPRO:

 

WIPRO

 

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

As we have mentioned last week that stock has closed below the trend-line support which is holding the stock since the month of April – 2015. Support for the stock lies in the zone of 530 where the stock has formed a short term bottom. If the stock closes below this levels then the stock can drift to the levels of 510 from where the stock has bounce in the month of April – 2015. During the week the stock manages to hit a low of 530 and bounce to close the week around the levels of 550.

Stock has closed below the trend-line support which is holding the stock since the month of April – 2015. Support for the stock lies in the zone of 530 where the stock has formed a short term bottom. If the stock closes below this levels then the stock can drift to the levels of 510 from where the stock has bounce in the month of April – 2015.

Stock has closed around the strong resistance zone of 545 to 550 where the trend-line support for the stock is positioned. If the stock closes below this levels then the stock can move to the levels of 565 to 570 where 100, 200 & 500 Daily SMA are positioned.

Broad range for the stock in the coming week is seen between 530 to 535 on downside to 560 to 565 on upside.

HCL Tech Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for HCL Tech for the week (January 25, 2016 – January 29, 2016):

 

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on absolutely flat note.

As we have mentioned last week that the resistance for the stock lies in the zone of 850 to 860 where trend-line joining recent highs is positioned. If the stock manages to close above this levels then the stock can move to the levels of 880 where 100 Daily SMA is lying. During the week the stock manages to hit a high of 870 and close the week around the levels of 838.

Support for the stock lies in the zone of 810 to 815 where the stock has formed a bottom in the month of October – 2015. If the stock manages to close below this levels then the stock can drift to the levels of 780 where trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 850 to 860 where short term moving averages, 100 Weekly SMA and trend-line joining recent highs is positioned. If the stock manages to close above this levels then the stock can move to the levels of 880 where 100 Daily SMA is lying.

Broad range for the stock in the coming week is seen between 810 to 815 on downside to 860 to 865 on upside.

TCS Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for TCS for the week (January 25, 2016 – January 29, 2016):

 

TATA CONSULTANCY SERVICES:

 

TCS

 

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

As we have mentioned last week that support for the stock lies in the zone of 2250 from where the stock has broken out of the consolidation range in the month of June – 2014. If the stock closes below this levels then the stock can drift to the levels of 1950 to 2000 where 1000 Daily SMA and 200 Weekly SMA is positioned. During the week the stock manages to hit a low of 2243 and close the week around the levels of 2295.

Support for the stock lies in the zone of 2250 from where the stock has broken out of the consolidation range in the month of June – 2014. If the stock closes below this levels then the stock can drift to the levels of 1950 to 2000 where 1000 Daily SMA and 200 Weekly SMA is positioned.

Resistance for the stock lies in the zone of 2320 to 2350 from where the stock has broken down from the short term bottom. If the stock manages to close above this levels then the stock can move to the levels of 2410 to 2420 where short term moving averages are lying.

Broad range for the stock in the coming week is seen between 2240 to 2260 on downside to 2330 to 2350 on upside.

Infosys Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for Infosys for the week (January 25, 2016 – January 29, 2016):

 

INFOSYS:

 

INFY

 

INFY closed the week on absolutely flat note.

As we have mentioned last week that support for the stock lies in the zone of 1120 to 1125 where channel support for the stock is positioned. If the stock closes below this levels then the stock can drift to the levels of 1080 to 1100 where 100 Daily SMA is lying. During the week the stock manages to hit a low of 1117 and bounce to close the week around the levels of 1136.

Support for the stock lies in the zone of 1120 to 1125 where channel support for the stock is positioned. If the stock closes below this levels then the stock can drift to the levels of 1080 to 1100 where 100 Daily SMA is lying.

Resistance for the stock lies in the zone of 1155 to 1160. If the stock manages to close above this levels then the stock can move to the levels of 1200 where trend-line joining earlier highs is positioned.

The stock has formed a Doji pattern in an uptrend indicating the exhaustion in buying pressure. The stock has to close above the levels of 1160 to negate this pattern.

Broad range for the stock in the coming week is seen between 1100 to 1120 on downside to 1160 to 1180 on upside.

SBI Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for SBI for the week (January 25, 2016 – January 29, 2016):

 

STATE BANK OF INDIA:

 

SBIN

 

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

As we have mentioned last week that the stock is in a freefall and the support zone are not holding. Weekly support for the stock lies in the zone of 175 where the trend-line joining lows of March – 2009 and February – 2014 is lying. During the week the stock manages to hit a low of 171 and bounce back to close the week around the levels of 184.

Support for the stock lies in the zone of 175 where the trend-line joining lows of March – 2009 and February – 2014 is lying. If the stock closes below this levels then the stock can drift to the levels of 150 where monthly trend-line support for the stock is positioned.

Resistance for the stock lies in the zone of 195 to 200 where 500 Daily SMA is lying. If the stock closes above this levels then the stock can move to the levels of 220 to 225 where 1000 Daily SMA and earlier lows of the stock is positioned.

The stock has formed a Dragon Fly candle stick pattern in a downtrend around the support zone indicates the trend reversal.

Broad range for the stock in the coming week can be 170 – 175 on lower side to 195 – 200 on upper side.

Axis Bank Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for Axis Bank for the week (January 25, 2016 – January 29, 2016):

 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 13.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 400 to 405 from where the stock has broken down from the consolidation range. If the stock closes above this levels then the stock can move to the levels of 430 to 435 where the gap has been created by the stock on 07/01/2016. During the week the stock manages to bounce from the levels of 366 and close around the resistance zone of 430.

Support for the stock lies in the zone of 400 to 410 where the stock has opened gap up on back of strong quarterly results. If the stock closes below this levels then the stock can drift to the levels of 340 to 350 where 1000 Daily SMA and 200 Weekly SMA are lying.

Resistance for the stock lies in the zone of 430 to 435 where the gap has been created by the stock on 07/01/2016. If the stock manages to close above this levels then the stock can move to the levels of 450 to 460 from where the stock has broken after forming the double bottom.

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

Broad range for the stock in the coming week can be 395 – 400 on lower side to 450 – 455 on upper side.

ICICI Bank Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (January 25, 2016 – January 29, 2016):

 

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on positive note gaining around 3.50%.

As we have mentioned last week that support for the stock lies in the zone 210 where 100 Monthly SMA is lying. If the stock closes below this levels then the stock can drift to the levels of 190 to 200 where 500 Weekly SMA and the stock has made a bottom on 07/02/2014 from where the stock has rallied to the levels of 393. During the week the stock manages to hit a low of 217.80 and bounce to close the week around the levels of 232.

Support for the stock lies in the zone 210 to 220 where 100 Monthly SMA is lying. If the stock closes below this levels then the stock can drift to the levels of 190 to 200 where 500 Weekly SMA and the stock has made a bottom on 07/02/2014 from where the stock has rallied to the levels of 393.

Resistance for the stock lies in the zone of 245 to 250 where 1000 Daily SMA and 200 Weekly SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 255 from where the stock has broken down from the Head & Shoulder pattern.

Broad range for the stock in the coming week can be 215 – 220 on lower side to 245 – 250 on upper side.

HDFC Bank Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (January 25, 2016 – January 29, 2016):

 

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on negative note losing around 1.10%.

As we have mentioned last week that the stock has closed just below the 200 Daily SMA lying around the levels of 1055. Support for the stock lies in the zone of 1037 where the stock has made a short term bottom. If the stock closes below this levels then the stock can drift to the levels of 980 to 1000 where channel support for the stock is lying. During the week the stock manages to hit a low of 1008 and bounce to close the week around the levels of 1030.

Support for the stock lies in the zone of 980 to 1000 where channel support for the stock is lying. If the stock closes below this levels then the stock can drift to the levels of 950 where 500 Daily SMA and 100 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 1050 to 1060 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 1085 to 1090 where the stock has made a top on 02/12/2015.

Broad range for the stock in the coming week can be 1010 – 1020 on lower side to 1060 – 1070 on upper side.

Nifty Pharma Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (January 25, 2016 – January 29, 2016):

 

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 1.00%.

As we have mentioned last week that support for the index lies in the zone of 11000 to 11200 where trend-line and channel support for the index is positioned. If the index closes below this levels then the index can drift to the levels of 10700 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the index manages to hit a low of 10825 and bounce to close the week around the levels of 11141.

The index has closed around the strong support zone of 11000 to 11200 where trend-line and channel support for the index is positioned. If the index closes below this levels then the index can drift to the levels of 10700 where 500 Daily SMA and 100 Weekly SMA are positioned.

Resistance for the index lies in the zone of 11700 where short term moving averages are positioned. If the index manages to close above this levels then the index can move to the levels 12000 where a gap which was created by the index on 09/11/2015 are positioned.

Broad range for the index is seen from 10800 to 11000 on downside to 11500 to 11700 on upside.

Nifty Energy Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (January 25, 2016 – January 29, 2016):

 

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on negative note losing around 4.20%.

As we have mentioned last week that the resistance for the index lies in the zone of 8650 to 8700 where 500 Daily SMA and 100 Weekly SMA are lying. If the index closes above this levels then the index can move to the levels of 9000. During the week the index manages to hit a high of 8643 and sold off to close the week around the levels of 8242.

The index has closed around the strong support zone of 8200 where 1000 Daily SMA is lying. If the index closes below this levels then the index can drift to the levels of 8000 where 100 Daily SMA and 500 Monthly SMA is positioned.

Resistance for the index lies in the zone of 8300 where 200 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8650 to 8700 where 500 Daily SMA and 100 Weekly SMA are lying.

Broad range for the index is seen between 8000 to 8050 on downside to 8500 to 8550 on upside.

Nifty Auto Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (January 25, 2016 – January 29, 2016):

 

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on absolutely flat note.

As we have mentioned last week that support for the index lies in the zone of 7400 where channel support for the index is positioned. If the index closes below this levels then the index can drift to the levels of 7200 from where the index has broken out in the month of August – 2014. During the week the index manages to hit a low of 7231 and bounce to close the week around the levels of 7544.

Support for the index lies in the zone of 7400 where channel support for the index is positioned. If the index closes below this levels then the index can drift to the levels of 7200 from where the index has broken out in the month of August – 2014.

Resistance for the index lies in the zone of 7800 to 7900 where the index has broken the medium term bottom on 14/12/2015. If the index manages to close above this levels then the index can move to the levels of 8000 where 100 Daily SMA is positioned.

The index has formed a Dragon Fly Doji around the strong support zone in a downtrend indicating the trend reversal.

Broad range for the index is seen from 7200 to 7300 on downside to 7800 to 7850 on upside.

Nifty FMCG Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (January 25, 2016 – January 29, 2016):

 

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on negative note losing around 2.80%.

As we have mentioned last week that support for the index lies in the zone of 18700 where trend-line joining the lows of October – 2014 and June – 2015 is positioned. If the index closes below this levels then the index can drift to the levels of 18000. During the week the index manages to hit a low of 18416 and close around the levels of 18555.

Resistance for the index lies in the zone of 18950 where the index has opened gap down on 20/01/2016. If the index manages to close above this levels then the index can move to the levels of 19300 to 19500 where 500 Daily SMA and 100 Weekly SMA are positioned.

Support for the index lies in the zone of 18200 to 18400 where trend-line joining highs of July – 2013 and May – 2014 is positioned. If the index closes below this levels then the index can drift to the levels of 17300 to 17500 where 1000 Daily SMA and 200 Weekly SMA is lying.

Broad range for the index in the coming week is seen from 18000 on downside to 19000 on upside.

Nifty IT Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (January 25, 2016 – January 29, 2016):

 

NIFTY IT:

 

NIFTYIT

 

Nifty IT index ended the week on absolutely flat note..

As we have mentioned last week that support for the index lies in the zone of 10800 to 10900 where 500 Daily SMA and 100 Weekly SMA are positioned. If the index closes below this levels then the index can be in a freefall zone where no support is visible. The next support lies in the zone of 10400 from where the index has broken out in the month of August – 2014. During the week the index manages to hit a low of 10855 and bounce to close the week around the levels of 11000.

Support for the index lies in the zone of 10800 to 10900 where 500 Daily SMA and 100 Weekly SMA are positioned. If the index closes below this levels then the index can be in a freefall zone where no support is visible. The next support lies in the zone of 10400 from where the index has broken out in the month of August – 2014.

Resistance for the index lies in the zone of 11150 to 11200 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 11500 where 100 & 200 Daily SMA are lying.

Broad range for the index in the coming week is seen from 10800 on downside to 11200 on upside.

Nifty Bank Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (January 25, 2016 – January 29, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 1.90%.

As we have mentioned last week that support for the index lies in the zone of 14800 to 15300 where the channel support for the index is positioned. If the index manages to close below this levels then the index can drift to the levels of 13800 to 14200 where 1000 Daily SMA and 200 Weekly SMA are positioned. During the week the index manages to hit a low of 14755 and bounce to close the week around the levels of 15500.

Support for the index lies in the zone of 14800 to 15000 where the channel support for the index is positioned. If the index manages to close below this levels then the index can drift to the levels of 13800 to 14200 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the index lies in the zone of 15800 to 16000 from where the index has broken down the medium term bottom. If the index manages to close above this levels then the index can move to the levels of 16300 to 16500 where 500 Daily SMA and 100 Weekly SMA are positioned.

The index has formed a Hammer pattern in a downtrend around the strong support zone indicating the trend reversal.

Range for the week is seen from 14800 to 15000 on downside to 15800 to 16000 on upside.

Nifty Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for Nifty for week (January 25, 2016 – January 29, 2016):

 

NIFTY:

 

NSE Nifty

 

Nifty ended the week on absolutely flat note.

As we have mentioned last week that support for the index lies in the zone of 7100 to 7200 where the lower end of the channel is positioned which is supporting the index on every downfall since the month of February – 2015. If the index manages to close below this levels then the index can drift to the levels of 6700 where 1000 Daily SMA and 200 Weekly SMA are positioned. During the week the index manages to hit a low of 7241 and bounce to close the week around the levels of 7422.

Support for the index lies in the zone of 7100 to 7200 where the lower end of the channel is positioned which is supporting the index on every downfall since the month of February – 2015. If the index manages to close below this levels then the index can drift to the levels of 6700 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the index lies in the zone of 7550 to 7600 where the index has broken down from the double bottom pattern. If the index manages to close above this levels then the index can move to the levels of 7650 to 7700 where the index has formed a gap on 07/01/2016 on gap down opening.

The index has formed a Dragon Fly doji in downtrend indicating the trend reversal.

Broad range for the week is seen from 7200 on downside to 7600 on upside.

Share Market Tips for – Friday, January 22, 2016

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Market To Open Gap Positive, Nifty Needs to Breach 7450 Levels to Enter Positive Zone

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day with 68 points for Nifty, 130 points for Sensex and around 200 points for BankNifty. EquityPandit predicted that market would see short-covering (Positive rally) but traders should go short in the market until levels of 7500 are not breached for Nifty in positive direction and exactly same happened. Indian Stock Market opened gap positive as per EquityPandit’s prediction but was not able to sustain the higher levels and fell down sharply exactly as per EquityPandit’s predictions. Traders who followed EquityPandit’s advice to go short at positive movement might have earned huge profits for the day. Anyhow, Nifty manage to hold 7200 levels in the lower region and hence recovered from there but closed gap negative for the day. BankNifty was strong for the day backed with Axis Bank. BankNifty also saw strong resistance near EquityPandit’s predicted resistance levels of 15380 and fell down sharply from there. Sensex also closed right above EquityPandit’s predicted support levels of 23950. Finally, Indian Stock Market closed negative for the day whereas Banking sector saw strength and closed gap positive for the day.

Today: Indian Stock Market would open gap positive. Technically, Analysis would still remain same and Indian Stock Market is still in negative zone. Now, 7450 would be considered as level of reversal for Nifty. Market would see sharp short-covering (Positive rally) today but overall market would be considered as short on Rally until 7450 levels are not breached for Nifty in positive direction. 7200 is very important level to watch out for, on closing basis. Nifty if closes below 7200, then it would see sharp breakdown. If Market has to rebound from here then Nifty would have to remain above 7200 levels by closing. If Nifty continues to hold 7200 levels then we may see a sharp bounceback in days to come else Nifty would head towards 7100-7050-6900 levels. FIIs were net seller of Rs.1747.23 crores whereas DIIs were net buyers of 1267.74 crores in last trading session. Nifty would see strong support at 7224-7200-7100-7050 whereas strong resistance would be seen at 7325-7380-7450-7500 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Read, where Nifty is headed now?

Click Here to Check the Trend Of Major Indices and Stocks

Important Results to be disclosed today: Atul Ltd, Cairn India, Coromandel, DB Corp, ITC, L&T Finance Holdings, Lakshmi Vilas Bank, Reliance Communication and SpiceJet.

NSE Nifty: (7277) The support for the Nifty is 7224-7200-7100-7050 and the resistance to the up move is at 7325-7380-7450-7500 levels.

NSE BankNifty: (15101) The support for BankNifty is at 14920-14825-14700-14621 and the resistance to the up move is at 15380-15520-15600 levels.

BSE Sensex: (23962) The support for the Sensex is at 23950-23835-23660-23500 and the resistance to the up move is at 24142-24220-24325-24580 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

4 Wealth Creator Stocks by EquityPandit

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Stocks That Would Create Wealth In Long Term

 

EquityPandit has published the List of 4-Wealth Creator Stocks. This List Contains 4 most preferable stocks at this point of time for long-term investing. These Stocks are highly discounted and fundamentally most Strong companies in India. These Stocks would multiply your wealth in years to come.

DownLoad This Full Report In PDF Version

 

 

STATE BANK OF INDIA

Current Market Price: Rs.174

 

52 weeks high: Rs.336
52 weeks low: Rs.171.5
Consolidated P/E: 7.84
Book Value: 207
Price/Book: 0.89

  • From above data it is very much clear that stock is available at historical low valuation as it is available at around 15% discount to its book value. Valuation wise stock is available at quite discounted valuation.
  • Banking Sector will face challenge from April 2016 onwards when small/payment banks will start its operation. However, among banking experts, it is quite debated that what kind of effect it would have on existing banking sector. But everyone agrees on one point that big banks with good corporate governance will ride out through this wave of competition. Also they will be benefited by the technology up-gradation. So SBI will benefit from this, unlike other PSU banks that still have corporate governance issues.
  •  From 52 week highs, stock has already seen a correction of about 40% & is available at huge discounts. Now let’s take a look at technicals of stocks. Stock has long term support at 170 from where it has taken bounce back. Now if Nifty has corrects further and breaches 7200 level then we could see further correction in stock which could take it upto 150 levels. By seeing present volatility we advises to buy 30% of your allocated investment amount at this level & remaining at 150 level if it comes to those levels.
  • So one can buy SBI with targets of 220-260-300. For long term investors, who can hold stock for few years stock can multiply their wealth in years to come from this levels.

 

SUN PHARMACEUTICALS LIMITED

Current Market Price: Rs.773

  

52 weeks high: Rs.1200
52 weeks low: Rs.704
Consolidated P/E: 48
Book Value: 106
Price/Book: 7.43

  • Sun pharma is a leading pharma player in India. In recent months, stock has seen correction of almost 40% due to variety of reasons.
  • One of the main reasons is that company has received US FDA alert on its Gujarat plant. Another reason was that company ventured in solar as well in wind energy, which was taken very negative by market players and stock was been hammered.
  • After that hammering, company has clarified that it has scrapped all plans for alternate business. Also company is currently addressing US FDA issue which it has resolved in past also.

 

  • Apart from that, there were no fundamental reasons for the stock to correct this much. This Stock offers good value buying. Till now stock has underperform in market but time has come to reclaim its old glory. One can go and buy this stock with a target of Rs.1000-1200-1500 levels.

 

LARSEN & TUBRO LIMITED

Current Market Price: Rs.1100

  

52 weeks high: Rs.1893
52 weeks low: Rs.1069
Consolidated P/E: 23
Book Value: 439
Price/Book: 2.56

  • L&T is a replica of Indian growth and Infrastructure story.

 

  • At present company is facing both domestic as well international businesses pressure, especially, from Middle East. Due to fall in Crude prices orders from Middle East has slowed down significantly. Domestic economy is also not doing well. That’s the main reason, why stock has seen this massive correction.

 

  • Now in time to come, Crude prices would stabilize as it had seen significant correction. Government has also increased it’s spending on Infra project. In both the cases L&T would be biggest beneficiary.

 

  • Technically stock has good support around 1100 level. If market condition deteriorates further then L&T could fell as low as Rs.935. But both of these levels are good entry point for long term investors.

 

  • Also in the coming months Government is planning to double its infra spending which would benefit L&T in a big way.

 

  • Investors can buy this stock with a target of Rs.1300-1500-1800.

 

GUJARAT GAS LIMITED

Current Market Price: Rs.540

 

52 weeks high: Rs.874.8
52 weeks low: Rs.453.2
Consolidated P/E: 22
Book Value: 144.61
Price/Book: 3.74

  • Biggest winner of cheaper Gas price and upcoming environmental policy.
  • Gujarat gas is India’s one of the biggest gas distribution company. At present, company has gas distribution in various cities and planned to expand its distribution business across India.
  • Company is biggest beneficiary of cheaper gas price which increases its operating margins.
  • Company had good corporate governance and healthy balance sheet in past.
  • Investors can buy this stock with a target of Rs.700-900-1200.

Share Market Tips for – Thursday, January 21, 2016

equitypandit_square

Positive Movement Would Be Seen Today but Overall Market Negative Until Nifty Breaches 7500 levels

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that market is still in negative zone and traders should continue to hold short positions as of now. EquityPandit also predicted that its target of 7312 for Nifty would achieve now and exaclty same happened. Nifty moved sharply negative and achieved EquityPandit’s predicted targets of 7312. Traders, who followed EquityPandit’s advice might have earned whooping profits for the day. Nifty saw strong supports near Equitypandit predicted support levels of 7224 and rebounded from there. Finally, Nifty closed right above EquityPandit’s predicted support levels of 7302 but gap negative for the day.

Today: Indian Stock Market would open gap positive. Technically, Indian Stock Market is still in negative zone. Crude downfall is a big concern to Global Market. Today, Market would see short-covering (Positive rally) but overall market would be considered as short on Rally until 7500 levels are not breached for Nifty in positive direction. Now 7200 is very important level to watch out for, on closing basis. Nifty if closes below 7200, then it would see sharp breakdown. Nifty would hover around 7200 levels. If Market has to rebound from here then Nifty would have to remain above 7200 levels by closing. If Nifty continues to hold 7200 levels then we may see a sharp bounceback in days to come else Nifty would head towards 7100-7050-6900 levels. FIIs were net seller of Rs.1324.69 crores whereas DIIs were net buyers of 1383.14 crores in last trading session. Nifty would see strong support at 7224-7200-7100-7050 whereas strong resistance would be seen at 7325-7380-7450-7500 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Read, where Nifty is headed now?

Click Here to Check the Trend Of Major Indices and Stocks

Important Results to be disclosed today: Biocon, Chambal Fertilizers, Exide Industries, GSFC, Hindustan Zinc, Idea, Indiabulls Real Estate, M&M Financial Services, Raymond, Reliance Capital and VST Industries.

NSE Nifty: (7309) The support for the Nifty is 7224-7200-7100-7050 and the resistance to the up move is at 7325-7380-7450-7500 levels.

NSE BankNifty: (14936) The support for BankNifty is at 14825-14700-14621-14406 and the resistance to the up move is at 15060-15380-15520-15600 levels.

BSE Sensex: (24062) The support for the Sensex is at 23950-23835-23660-23500 and the resistance to the up move is at 24142-24220-24325-24580 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, January 20, 2016

equitypandit_square

Analysis Remains Same, Go short in Nifty until it breaches 7500 levels

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that market would see some temporary bounceback. EquityPandit also suggested traders to go short at every positive movement in Market and today they would get chance to book huge profits. Indian Stock Market saw sharp bounceback today. Market continued positive movement throughout the day but was not able to breach levels of 7500 for Nifty. Finally, Nifty closed gap positive just below EquityPandit’s predicted resistance levels of 7438 like a dot.

Today: Indian Stock Market would open gap negative. Traders, who went short at yesterday’s positive movement on EquityPandit’s suggestion would get good chance today to book huge profits. Technically, Indian Stock Market is still in negative zone. Nifty needs to breach levels of 7500 to see strength in the trend until then market would be weak and can again fall anytime. Indian Stock Market would see further downfall in days to come and next target for Nifty would be 7312 levels. Traders should hold short positions as of now and investors can start accumulating stocks in small-small quantity at this point of time as currently stocks are available at huge discounts. The major support for Nifty is at 7200-7100, so probably, we may see bottom at those levels from where a strong reversal is expected as of now. FIIs were net seller of Rs.857.7 crores whereas DIIs were net buyers of 1386.83 crores in last trading session. Nifty would see strong support at 7350-7302-7224-7200 whereas strong resistance would be seen at 7480-7500-7567-7606 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: Axis Bank, BPCL, DHFL, Indiabulls Housing Finance, JSW Energy, Reliance Infrastructure, South Indian Bank, Tata Elxsi, Tata Sponge and Ultratech Cement.

NSE Nifty: (7438) The support for the Nifty is 7350-7302-7224-7200 and the resistance to the up move is at 7480-7500-7567-7606 levels.

NSE BankNifty: (15270) The support for BankNifty is at 15130-14950-14825-14700 and the resistance to the up move is at 15380-15520-15600-15650 levels.

BSE Sensex: (24480) The support for the Sensex is at 24245-24156-24080-23950 and the resistance to the up move is at 24580-24660-24786 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

Outlook For Nifty In Year 2016

equitypandit_square

Every trader and Investor has following few questions in their mind:

 

–          Why Indian Stock Market is falling sharply?

–          What would be Nifty bottom?

–          What would be the Next Movement of Indian Stock Market?

–          When would be new highs seen in Indian Stock Market?

–          What strategies to be followed in this Market Condition?

 

EquityPandit answered all of the above queries with detailed Technical Analysis of Nifty.

Due to global jitters, Nifty has seen 7% correction in January 2016 till date. There are so many factors for this downfall, but the main reason is Liquidity. All Experts across the nation argued that China was the reason behind this downfall. But we don’t agree to this reason.  China problem was very well known from Year 2014 to mid of Year 2015, when market rose more than 50% then how come its effect came now??

China is just an image that was created to over shadow the main reasons behind this downfall.

What were the Actual Reasons behind this downfall?

 

There following are the problems that caused this market fall:

  • First of all, when US FED hinted that they are going to raise interest rate in December 2015. If you look at FII data in Indian as well in emerging markets from May-2015, they started pulling money from all markets. Because of this, money that came from US has to go back, due to rise in interest rates in US. So, without FIIs money support, market was not able to move further positive and had seen selling pressure on every positive movement.
  • Second reason is Crude. As crude price fell to 12 years low, many crude producing countries felt heat in their budget. Saudi reported highest ever budget deficit in its entire history. So they had no option but to start selling oversees assets which they have invested mainly in Equity/Currency and Government securities to meet their budget requirements.
  • Around 59,000 crores has been pulled out from Indian markets since May-2015, when Nifty was at 8400-8500. Most of money was been pulled via ETF route.
  • Billions of dollars had been pulled out from global Equity markets by Oil producing countries and ETFs, who has no option but to bring money back to US. Now, till January month of this year, DIIs were trying to nullify the effect of FII by investing on every dip. But problem started for DII when retail investors started to panic. Retail & HNI money reduced in MF since last few months and that’s the problem right now. If MF and DII flow slowed down, then who will compensate selling of FII, as it is very much clear that FII would still be sellers in months to come?
  • That’s the main reason since last week, we have seen big crack in Midcap and Small cap stocks. It is nothing but panic selling of retail investors and margin calls triggered by HNI/Operators.

So when would this volatility stop and market will make bottom?

 

No one in market can predict perfect bottom or perfect top but let us look at history to get some clues. EquityPandit had published this article in year 2008 when market was in bear phase and bottom has been formed precisely at those levels only.

Indian Stock Market, a copy of its own history

EquityPandit was the first company who predicted that year 2016 will see a sharp fall based on this 8 years correction cycle. From above article it is clear that after every eight years, we have seen big correction in markets, Year 1992-2000-2008 and now 2016.

So, what would be the next movement of Indian Stock Market?

 

  • Now let’s take a look at Nifty technicals and let us predict the levels, Nifty should stabilize and make bottoms.
  • From the below given chart, it looks like Nifty should stabilize at 7200-7300 levels. As we are comparing this cycle with year 2011-2012, correction period was almost 1.5 years i.e. same as of this downfall. Also price correction also done around 15-20% from high.

So, Nifty could have another correction of say 100-200 points from here and with local as well global supportive factors, bottom should form around these levels.

EquityPandit-Nifty1

Now what if Global cues worsens and Nifty breaches these levels?

 

  • If Nifty breaches 7200 levels with global cues, then market will see sharp downfall and that downfall would be supported with big panic in the market.
  • Presently on Nifty charts, below 7500 levels, two Head and Shoulder breakdown occurred. Now as per this pattern, Nifty targets are set at 6700-6200 levels. First pattern target is 6700-6800 below which Nifty will go to 6200 levels, where it will find its bottom.

 

EquityPandit-Nifty2

 

  • Also it should be noted that at present, Nifty PE ratio is around 20. At 6800, Nifty PE ratio will be 18 and at 6200 it will be around 15-16. Normally big correction ends when Nifty PE ratio is between 14-16. So we are firmly sure that 6200 will be rocks solid bottom for Nifty, if anyhow, it comes to those level.

So, When would New Highs be seen in Indian Stock Market?

 

Next bull run in Nifty will start only if Nifty will close above 8200 on monthly charts. If Nifty will close above 8200 on monthly basis then next target for the bull run will be 11230 for Nifty.

Based on Technical Analysis, following strategies should be followed:

 

  1. For long term investors: Invest 30% amount in market at this level and remaining amount at 6800 and 6200. As Indian growth story is intact there is nothing wrong for long term investor to allocate money at this level in good stocks.
  2. For short/medium term traders: Buy now if Nifty closes above 7500 with stoploss of 7300. If Nifty breaches 7200 then chances are that it can test 6900-6800. So, around 6900-6800, one can buy with stoploss of 6700 on closing basis. And if in case Nifty see 6200-6300 levels then buy blindly without any stoploss and hold it.

Conclusion:

 

  • Nifty Support levels: 7200-6800-6200. Resistance levels:7500-7800-8000.
  • If Nifty closes above 8200 monthly basis then bull run will start which will bring Nifty to around 11,200. Till then, Nifty will be in bear grip.
  • Long term Investors should divide their Investment amount in three equal parts for every support zone and hold it for few years.

Share Market Tips for – Tuesday, January 19, 2016

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Go Short at Every Positive Rally Until Nifty Breaches 7500 Levels

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with negative bias. EquityPandit predicted that Market may see positive movement but overall market is still negative and traders should go short at every positive movement in the market. EquityPandit also predicted that EquityPandit’s target for Nifty of 7367 would soon be achieved and exaclty same happened. Indian Stock Market saw positive movement but was not able to sustain higher levels and fell down sharply achieving EquityPandit’s target of 7367 for Nifty. BankNifty also saw lows right near EquityPandit’s predicted support levels of 14950. Traders, who followed EquityPandit’s advice to go short might have earned huge profits for the day. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market is still in negative zone. Some temporary bounceback would be seen in the market but Indian Stock Market would see further downfall in days to come and next target for Nifty would be 7312 levels. Today, Reliance Industries would disclose its results and this would affect Indian Stock Market direction. Now Nifty would see strong resistance at 7500 levels. So, Nifty needs to breach levels of 7500 to see some strength. Traders should hold short positions as of now and investors can start accumulating stocks in small-small quantity at this point of time as currently stocks are available at huge discounts. The last support for Nifty is at 7200-7100, so probably, we may see bottom at those levels from where a strong reversal is expected. FIIs were net seller of Rs.1203.84 crores whereas DIIs were net buyers of 1122.80 crores in last trading session. Nifty would see strong support at 7302-7224-7200-7100 whereas strong resistance would be seen at 7438-7480-7500-7567 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: BASF India, HCL Technologies, Reliance Industries, Reliance Power and Triveni Turbine.

NSE Nifty: (7351) The support for the Nifty is 7302-7224-7200-7100 and the resistance to the up move is at 7438-7480-7500-7567 levels.

NSE BankNifty: (15021) The support for BankNifty is at 14950-14825-14700 and the resistance to the up move is at 15110-15240-15380-15520 levels.

BSE Sensex: (24188) The support for the Sensex is at 24156-24080-23950-23840 and the resistance to the up move is at 24460-24580-24660-24786 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, January 18, 2016

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Some Temporary Positive Movement would be seen but Market still Negative

 

 Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. EquityPandit predicted that market would consolidate in a rangebound region but overall market is in negative zone. EquityPandit also predicted that traders should continue to hold short positions until Nifty breaches 7620 levels and exactly same happened. Indian Stock Market consolidated for some time but was not able to breach levels of 7620 for Nifty and fell down sharply. Traders, who followed EquityPandit’s advice to hold short positions might have earned huge profits for the day. BankNifty closed just above EquityPandit’s predicted support levels of 15200. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open flat with negative bias. Technically, Indian Stock Market is still in negative zone. Now Market would see further downfall as next support exists only at 7367 and 7200 levels for Nifty. Nifty would achieve EquityPandit’s given targets of 7367 in upcoming days. Overall, there is no signs of reversal as of now but some temporary positive movement can come at lower levels. Traders should hold short positions as of now and investors can start accumulating stocks in small-small quantity at this point of time as currently stocks are available at huge discounts. FIIs were net seller of Rs.1123.79 crores whereas DIIs were net buyers of 688.94 crores in last trading session. Nifty would see strong support at 7367-7302-7224-7200 whereas strong resistance would be seen at 7480-7500-7567-7606 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: Asian Paints, Delta Corp, Kotak Mahindra Bank, Mindtree, Rallis India, TTK Prestige and Wipro.

NSE Nifty: (7438) The support for the Nifty is 7367-7302-7224-7200 and the resistance to the up move is at 7480-7500-7567-7606 levels.

NSE BankNifty: (15206) The support for BankNifty is at 15130-14950-14825-14700 and the resistance to the up move is at 15380-15520-15600-15650 levels.

BSE Sensex: (24455) The support for the Sensex is at 24380-24206-24156-24080 and the resistance to the up move is at 24580-24660-24786-24880 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 (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for Colgate Palmoilve for the week (January 18, 2016 – January 22, 2016):

 

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive (NSE: COLPAL) closed the week on negative note losing around 1.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 965 to 970 where short term moving averages and 100 Daily SMA is positioned. If the stock manages to close above this levels then the stock can move to the levels of 1000 where channel resistance for the stock is lying. During the week the stock manages to hit a high of 951 and retraced to close the week around the levels of 917.

Support for the stock lies in the zone of 890 where the stock has formed a medium term bottom. If the stock closes below this levels then the stock can drift to the levels of 850 to 860 where channel support for the stock is lying.

Resistance for the stock lies in the zone of 965 to 970 where short term moving averages and 100 Daily SMA is positioned. If the stock manages to close above this levels then the stock can move to the levels of 1000 where channel resistance for the stock is lying.

Broad range for the stock is seen between 890 to 900 on lower end and 950 to 960 on upper end.

Dabur Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for DABUR for the week (January 18, 2016 – January 22, 2016):

 

DABUR:

 

DABUR

 

Dabur closed the week on negative note losing around 7.00%

As we have mentioned last week that support for the stock lies in the zone of 265. 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 249 and close the week around the levels of 250.

Resistance for the stock lies in the zone of 260 to 265 levels from where the stock has broken down from the multiple support levels. If the stock manages to close above this levels then the stock can move to the levels of 270 to 275 where 100 & 200 Daily SMA are positioned.

Stock has close around the strong support zone of 250. If the stock closes below this levels for 2 days then the stock will break down from the large Head & Shoulder pattern which the stock has formed during the whole 2015. Target for this Head & Shoulder pattern can be in the range of 175 to 180 in 5 to 6 months time frame. For short term if the stock closes below this levels then the stock can drift to the levels of 235 where 500 Daily SMA and 100 Weekly SMA is positioned.

Broad range for the stock is seen between 225 to 230 on lower end and 265 to 270 on upper end.

Hindustan Unilever Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (January 18, 2016 – January 22, 2016):

 

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on negative note losing around 0.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 830 where 100 Daily SMA is positioned. If the stock manages to close above this levels then the stock can move to the levels of 860 where 200 Daily SMA is lying. During the week the stock manages to hit a high of 838 and retraced to close the week around the levels of 804.

Support for the stock lies in the zone of 770 where 500 Daily SMA, 100 Weekly SMA and the stock has formed a medium term bottom. If the stock closes below this levels then the stock can drift to the levels of 730 where trend-line joining earlier lows is positioned.

Resistance for the stock lies in the zone of 830 where 100 Daily SMA is positioned. If the stock manages to close above this levels then the stock can move to the levels of 860 where 200 Daily SMA is lying.

Broad range for the stock in coming week is seen between 770 to 780 on downside and 830 to 840 on upside.

ITC Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for ITC for the week (January 18, 2016 – January 22, 2016):

 

ITC:

 

ITC

 

ITC closed the week on absolutely flat note.

As we have mentioned last week that support for the stock lies in the zone 310 to 315 where 1000 Daily SMA and 200 Weekly SMA is positioned. If the stock closes below this levels then the stock can drift to the levels of 290 where the stock had made a medium term bottom. During the week the stock manages to hit a low of 309.75 and bounce to close the week around the levels of 314.

Support for the stock lies in the zone 310 to 315 where 1000 Daily SMA and 200 Weekly SMA is positioned. If the stock closes below this levels then the stock can drift to the levels of 290 where the stock had made a medium term bottom.

Resistance for the stock lies in the zone of 325 to 330 where 100 & 200 Daily SMA are lying. If the stock closes above this levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA are positioned.

Broad range for the stock in coming week is seen between 300 to 305 on downside and 325 to 330 on upside.

Cipla Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for Cipla for the week (January 18, 2016 – January 22, 2016):

 

CIPLA:

 

CIPLA

 

CIPLA closed the week on negative note losing around 2.10%.

As we have mentioned last week that support for the stock lies in the zone of 620 where long term trend-line support for the stock is lying. If the stock closes below this levels then the stock can drift to the levels of 580 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the stock manages to hit a low of 596 and bounce to close the week around the levels of 609.

Support for the stock lies in the zone of 580 where 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 540.

Resistance for the stock lies in the zone of 620 where long term trend-line support for the stock is lying. If the stock closes below this levels then the stock move to the levels of 645 to 650 where short term moving averages are lying.

Broad range for the stock is seen in the range of 570 – 580 on downside to 625 – 635 on upside.

Dr. Reddy Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (January 18, 2016 – January 22, 2016):

 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 2.50%.

As we have mentioned last week that support for the stock lies in the zone of 2940 from where the stock has broken out in the month of August – 2014. If the stock closes below this levels then the stock can drift to the levels of 2600 where 1000 Daily SMA and 200 Weekly SMA are lying. During the week the stock manages to hit a low of 2854 and bounce to close the week around the levels of 2936.

The stock has closed around the support zone of 2940 from where the stock has broken out in the month of August – 2014. If the stock closes below this levels then the stock can drift to the levels of 2600 where 1000 Daily SMA and 200 Weekly SMA are lying.

Resistance for the stock lies in the zone of 3000 to 3050. If the stock manages to close above this levels then the stock can move to the levels of 3150 where 500 Daily SMA and 100 Weekly SMA is lying.

Broad range for the stock is seen from 2800 – 2850 on downside to 3000 – 3050 on upside.

Lupin Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for Lupin for the week (January 18, 2016 – January 22, 2016):

 

LUPIN:

 

LUPIN

 

Lupin closed the week on negative note losing around 0.70%.

As we have mentioned last week that support for the stock lies in the zone of 1680 to 1690 where the stock has formed a medium term bottom in the month of December – 2015. 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 1636 and bounce to close the week around the levels of 1701.

Support for the stock lies in the zone of 1630 to 1650 where the stock has formed a short term bottom. 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.

Resistance for the stock lies in the zone of 1750 to 1800 where short term moving averages are lying. If the stock closes above this levels then the stock can move to the levels of 1850 where 200 Daily SMA is lying.

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

Broad range for the stock is seen from 1600 – 1620 on downside to 1780 – 1800 on upside.

Sun Pharma Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (January 18, 2016 – January 22, 2016):

 

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on negative note losing around 1.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 810 to 820 where 500 Daily SMA and 100 Weekly SMA are lying. If the stock closes above this levels then the stock can move to the levels of 840 to 850 where 100 Daily SMA is lying. During the week the stock manages to hit a high of 805 and retraced to close the week around the levels of 787.

Support for the stock lies in the zone of 750 to 760 where trend-line support for the stock is lying. If the stock closes below this levels then the stock can drift to the levels 700 to 710 where the stock has formed a medium term bottom.

Resistance for the stock lies in the zone of 810 to 820 where 500 Daily SMA and 100 Weekly SMA are lying. If the stock closes above this levels then the stock can move to the levels of 840 to 850 where 100 Daily SMA is lying.

During the week the stock consolidated in the tight range of 780 on downside to 800 on upside. A breakout on either side will move the stock further 3% to 4% in that direction.

Broad range for the stock in the coming week can be 760 – 770 on lower side to 840 – 850 on upper side.

Wipro Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for Wipro for the week (January 18, 2016 – January 22, 2016):

 

WIPRO:

 

WIPRO

 

Wipro closed the week on negative note losing around 2.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 565 to 570 where 100, 200 & 500 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 554 and retraced to close the week around the levels of 543.

Stock has closed below the trend-line support which is holding the stock since the month of April – 2015. Support for the stock lies in the zone of 530 where the stock has formed a short term bottom. If the stock closes below this levels then the stock can drift to the levels of 510 from where the stock has bounce in the month of April – 2015.

Resistance for the stock lies in the zone of 545 to 550 where the trend-line support for the stock is positioned. If the stock closes below this levels then the stock can move to the levels of 565 to 570 where 100, 200 & 500 Daily SMA are positioned.

Broad range for the stock in the coming week is seen between 525 to 530 on downside to 550 to 555 on upside.

HCL Tech Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for HCL Tech for the week (January 18, 2016 – January 22, 2016):

 

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on positive note gaining around 1.10%.

As we have mentioned last week that the resistance for the stock lies in the zone of 850 to 860 where trend-line joining recent highs is positioned. If the stock manages to close above this levels then the stock can move to the levels of 880 where 100 Daily SMA is lying. During the week the stock manages to hit a high of 842 and close the week around the levels of 838.

Support for the stock lies in the zone of 810 to 815 where the stock has formed a bottom in the month of October – 2015. If the stock manages to close below this levels then the stock can drift to the levels of 780 where trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 850 to 860 where short term moving averages, 100 Weekly SMA and trend-line joining recent highs is positioned. If the stock manages to close above this levels then the stock can move to the levels of 880 where 100 Daily SMA is lying.

Broad range for the stock in the coming week is seen between 810 to 815 on downside to 860 to 865 on upside.

TCS Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for TCS for the week (January 18, 2016 – January 22, 2016):

 

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on negative note losing around 5.70%.

As we have mentioned last week that support for the stock lies in the zone of 2350 to 2370. If the stock closes below this levels then the stock can drift to the levels of 2320 where the stock has formed a short term bottom. During the week the stock manages to hit a low of 2341 and bounce to close the week around the levels of 2396.

Support for the stock lies in the zone of 2250 from where the stock has broken out of the consolidation range in the month of June – 2014. If the stock closes below this levels then the stock can drift to the levels of 1950 to 2000 where 1000 Daily SMA and 200 Weekly SMA is positioned.

Resistance for the stock lies in the zone of 2320 to 2350 from where the stock has broken down from the short term bottom. If the stock manages to close above this levels then the stock can move to the levels of 2410 to 2420 where short term moving averages are lying.

Broad range for the stock in the coming week is seen between 2200 to 2220 on downside to 2320 to 2340 on upside.

Infosys Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for Infosys for the week (January 18, 2016 – January 22, 2016):

 

INFOSYS:

 

INFY

 

INFY closed the week on positive note gaining around 7.20%.

As we have mentioned last week that support for the stock lies in the zone of 1040 where channel support for the stock is lying. If the stock closes below this levels then the stock can drift to the levels of 970 where medium term trend-line support for the stock is lying. During the week the stock manages to hit a low of 1031 and bounce on back of quarterly results to end the week around the levels of 1140.

Support for the stock lies in the zone of 1120 to 1125 where channel support for the stock is positioned. If the stock closes below this levels then the stock can drift to the levels of 1080 to 1100 where 100 Daily SMA is lying.

Resistance for the stock lies in the zone of 1155 to 1160. If the stock manages to close above this levels then the stock can move to the levels of 1200 where trend-line joining earlier highs is positioned.

Broad range for the stock in the coming week is seen between 1100 to 1120 on downside to 1160 to 1180 on upside.

SBI Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for SBI for the week (January 18, 2016 – January 22, 2016):

 

STATE BANK OF INDIA:

 

SBIN

 

State Bank Of India (NSE: SBIN) closed the week on negative note losing around 11.80%

As we have mentioned last week that support for the stock lies in the zone of 190 from where the stock has broken out in the month of April – 2014. During the week the stock manages to hit a low of 181 and close below the last support zone of 190.

The stock is in a freefall and the support zone are not holding. Weekly support for the stock lies in the zone of 175 where the trend-line joining lows of March – 2009 and February – 2014 is lying.

Resistance for the stock lies in the zone of 195 to 200 where 500 Daily SMA is lying. If the stock closes above this levels then the stock can move to the levels of 220 to 225 where 1000 Daily SMA and earlier lows of the stock is positioned.

Broad range for the stock in the coming week can be 170 – 175 on lower side to 195 – 200 on upper side.

Axis Bank Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for Axis Bank for the week (January 18, 2016 – January 22, 2016):

 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 9.50%.

As we have mentioned last week that support for the stock lies in the zone of 380 to 400 where the stock has taken multiple support in the month of August – 2014 and October – 2014. If the stock closes below this levels then the stock can drift to the levels of 340 where 1000 Daily SMA and 200 Weekly SMA are lying. During the week the stock manages to hit a low of 369 and close around the levels of 374.

Support for the stock lies in the zone of 340 to 350 where 1000 Daily SMA and 200 Weekly SMA are lying. If the stock closes below this levels then the stock can drift to the levels of 310 from where the stock has broken out in the month of May – 2014.

Resistance for the stock lies in the zone of 400 to 405 from where the stock has broken down from the consolidation range. If the stock closes above this levels then the stock can move to the levels of 430 to 435 where the gap has been created by the stock on 07/01/2016.

Broad range for the stock in the coming week can be 345 – 350 on lower side to 400 – 405 on upper side.

ICICI Bank Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (January 18, 2016 – January 22, 2016):

 

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on negative note losing around 8.40%.

As we have mentioned last week that support for the stock lies in the zone of 245 to 250 where 1000 Daily SMA and 200 Weekly SMA are positioned. If the stock closes below this levels then the stock can drift to the levels of around 210 where 100 Monthly SMA is lying. During the week the stock manages to hit a low of 221.75 and close the week around the levels of 225.

Support for the stock lies in the zone 210 where 100 Monthly SMA is lying. If the stock closes below this levels then the stock can drift to the levels of 190 to 200 where 500 Weekly SMA and the stock has made a bottom on 07/02/2014 from where the stock has rallied to the levels of 393.

Resistance for the stock lies in the zone of 245 to 250 where 1000 Daily SMA and 200 Weekly SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 255 from where the stock has broken down from the Head & Shoulder pattern.

Broad range for the stock in the coming week can be 200 – 205 on lower side to 240 – 245 on upper side.

HDFC Bank Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (January 18, 2016 – January 22, 2016):

 

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on negative note losing around 2.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 1070 where short term moving averages are lying. If the stock manages to close above this levels then the stock can move to the levels of 1085 to 1090 where the stock has made a top on 02/12/2015. During the week the stock manages to hit a high of 1064 and retraced to close the week around the levels of 1042.

The stock has closed just below the 200 Daily SMA lying around the levels of 1055. Support for the stock lies in the zone of 1037 where the stock has made a short term bottom. If the stock closes below this levels then the stock can drift to the levels of 980 to 1000 where channel support for the stock is lying.

Resistance for the stock lies in the zone of 1050 to 1060 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 1085 to 1090 where the stock has made a top on 02/12/2015.

Broad range for the stock in the coming week can be 1010 – 1020 on lower side to 1060 – 1070 on upper side.

Nifty Energy Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (January 18, 2016 – January 22, 2016):

 

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on absolutely flat note.

As we have mentioned last week that the resistance for the index lies in the zone of 8650 to 8700 where 500 Daily SMA and 100 Weekly SMA are lying. If the index closes above this levels then the index can move to the levels of 9000. During the week the index manages to hit a high of 8780 and close the week around the levels of 8600.

Support for the index lies in the zone of 8300 where 200 Daily SMA and 200 Weekly SMA are lying. If the index closes below this levels then the index can drift to the levels of 8200 where 1000 Daily SMA is lying.

Resistance for the index lies in the zone of 8650 to 8700 where 500 Daily SMA and 100 Weekly SMA are lying. If the index closes above this levels then the index can move to the levels of 9000.

Broad range for the index is seen between 8350 to 8400 on downside to 8700 to 8750 on upside.

Nifty Auto Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (January 18, 2016 – January 22, 2016):

 

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 2.60%.

As we have mentioned last week that support for the index lies in the zone of 7400 to 7500 where 500 Daily SMA and channel support for the index is positioned. If the index closes below this levels then the index can drift to the levels of 7200 from where the index has broken out in the month of August – 2014. During the week the index manages to hit a low of 7527 and virtually close at the lowest levels.

Support for the index lies in the zone of 7400 where channel support for the index is positioned. If the index closes below this levels then the index can drift to the levels of 7200 from where the index has broken out in the month of August – 2014.

Resistance for the index lies in the zone of 7800 to 7900 where the index has broken the medium term bottom on 14/12/2015. If the index manages to close above this levels then the index can move to the levels of 8000 where 100 Daily SMA is positioned.

Broad range for the index is seen from 7200 to 7300 on downside to 7800 to 7850 on upside.

Nifty Pharma Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (January 18, 2016 – January 22, 2016):

 

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 1.90%.

As we have mentioned last week that the index has closed just below the support zone of 11500. If the index close 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 11121 and close the week around the levels of 11266.

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

Resistance for the index lies in the zone of 11700 where short term moving averages are positioned. If the index manages to close above this levels then the index can move to the levels 12000 where a gap which was created by the index on 09/11/2015 are positioned.

Broad range for the index is seen from 10800 to 11000 on downside to 11500 to 11700 on upside.

Nifty FMCG Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (January 18, 2016 – January 22, 2016):

 

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on negative note losing around 1.50%.

As we have mentioned last week that resistance for the index lies in the zone of 19600 to 19700 where 100 Weekly SMA is positioned. If the index manages to close above this levels then the index can move to the levels of 20000 where 100 & 200 Daily SMA are lying. During the week the index manages to hit a high of 19547 and retraced to close the week around the levels of 19078.

Resistance for the index lies in the zone of 19600 to 19700 where 100 Weekly SMA is positioned. If the index manages to close above this levels then the index can move to the levels of 20000 where 100 & 200 Daily SMA are lying.

Support for the index lies in the zone of 18700 where trend-line joining the lows of October – 2014 and June – 2015 is positioned. If the index closes below this levels then the index can drift to the levels of 18000.

Broad range for the index in the coming week is seen from 18200 on downside to 19800 on upside.

Nifty IT Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (January 18, 2016 – January 22, 2016):

 

NIFTY IT:

 

NIFTYIT

 

Nifty IT index ended the week on absolutely flat note..

As we have mentioned last week that resistance for the index lies in the zone of 11150 to 11200 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 11500 where 100 & 200 Daily SMA are lying. During the week the index manages to hit a high of 11069 and close around the levels of 11020.

Support for the index lies in the zone of 10800 to 10900 where 500 Daily SMA and 100 Weekly SMA are positioned. If the index closes below this levels then the index can be in a freefall zone where no support is visible. The next support lies in the zone of 10400 from where the index has broken out in the month of August – 2014.

Resistance for the index lies in the zone of 11150 to 11200 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 11500 where 100 & 200 Daily SMA are lying.

Broad range for the index in the coming week is seen from 10700 on downside to 11200 on upside.

Nifty Bank Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (January 18, 2016 – January 22, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on negative note losing around 5.80%.

As we have mentioned last week that support for the index lies in the zone of 15700 to 15800 where the index has formed a bottom in the month of Sep – 2015. If the index closes below this levels then the index can drift to the levels of 14800 to 15300 where the channel support for the index is positioned. During the week the index manages to hit a low of 15154 and close the week around the lowest levels.

Support for the index lies in the zone of 14800 to 15300 where the channel support for the index is positioned. If the index manages to close below this levels then the index can drift to the levels of 13800 to 14200 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the index lies in the zone of 15800 to 16000 from where the index has broken down the medium term bottom. If the index manages to close above this levels then the index can move to the levels of 16300 to 16500 where 500 Daily SMA and 100 Weekly SMA are positioned.

Range for the week is seen from 14200 to 14500 on downside to 15800 to 16000 on upside.

Nifty Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for Nifty for week (January 18, 2016 – January 22, 2016):

 

NIFTY:

 

NSE Nifty

 

Nifty ended the week on negative note losing around 2.20%.

As we have mentioned last week that support for the index lies in the zone of 7500 to 7550 where the index has formed a medium term bottom. If the index manages to close below this levels then the index can drift to the levels of 7100 to 7200 where the lower end of the channel is positioned which is supporting the index on every downfall since the month of February – 2015. During the week the index hit low of 7426 and virtually close at the lowest levels.

Support for the index lies in the zone of 7100 to 7200 where the lower end of the channel is positioned which is supporting the index on every downfall since the month of February – 2015. If the index manages to close below this levels then the index can drift to the levels of 6700 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the index lies in the zone of 7550 to 7600 where the index has broken down from the double bottom pattern. If the index manages to close above this levels then the index can move to the levels of 7650 to 7700 where the index has formed a gap on 07/01/2016 on gap down opening.

Broad range for the week is seen from 7100 on downside to 7700 on upside.

Share Market Tips for – Friday, January 15, 2016

equitypandit_square

Market Still Negative as of Now, Go Long Only if Nifty Closes Above 7620

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative with 95 points for Nifty and 250 points for Sensex. EquityPandit predicted that Market would see sharp downfall for the day and exactly same happened. Indian Stock Market opened gap negative and saw further downfall as predicted by EquityPandit. Traders, who followed EquityPandit’s advice day before yesterday to go short at every positive movement might have earned huge profits in last trading session. Nifty moved sharply positive from day lows but saw strong resistance right at EquityPandit’s predicted resistance levels of 7606 and fell down sharply from there. 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. Market is not able to close below 7500 levels for Nifty. For now, Market would consolidate in the same range. Reversal in the Market would only be seen once BankNifty closes above 15870 levels, where Market would again enter into positive zone. 7500 levels are very important to watch out for Nifty and A sharp downfall would be seen if Nifty closes below 7500 levels. Nifty if closes above 7620 then it would enter into positive zone and traders can close all short positions and initiate fresh long positions in that case. But until then trade is in negative direction only. FIIs were net seller of Rs.1221.97 crores whereas DIIs were net buyers of 1526.22 crores in last trading session. Nifty would see strong support at 7500-7475-7443-7367 whereas strong resistance would be seen at 7606-7675-7755-7800 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results to be disclosed today: Hindustan Unilever, Indian Hotels, Network 18 media, NIIT Technologies, Oberoi Realty, Pipavav Defence, TV 18 Broadcast and Zee Entertainment.

NSE Nifty: (7537) The support for the Nifty is 7500-7475-7443-7367 and the resistance to the up move is at 7606-7675-7755-7800 levels.

NSE BankNifty: (15610) The support for BankNifty is at 15500-15420-15336-15200 and the resistance to the up move is at 15810-15954-16080-16164 levels.

BSE Sensex: (24773) The support for the Sensex is at 24644-24488-24380-24206 and the resistance to the up move is at 24880-24988-25082-25120 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, January 14, 2016

equitypandit_square

Market would see further downfall, Short-sell at every positive rally

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that market would see positive rally today but market would not able to sustain at higher levels and would see downfall again and exactly same happened. EquityPandit also suggested traders to go short at higher levels and traders, who followed EquityPandit’s advice might have earned huge profits for the day. EquityPandit recovered again from day lows by the end of the trading session. BankNifty saw highs right at EquityPandit’s predicted resistance levels of 15954 and fell down sharply from there. Finally, Indian Stock Market closed positive for the day and BankNifty also closed just below EquityPandit’s predicted resistance levels of 15880.

Today: Indian Stock Market would open gap negative with 50-100 points for Nifty and 120-250 points for Sensex. Technically, Indian Stock Market is still in negative zone. Today, IT giant Infosys would disclose its quarterly results and it would surely affect Indian Stock Market. As EquityPandit suggested yesterday that Market would not sustain higher levels and traders should short sell at every positive movement in the market. Yestreday Market closed positive and today again a big downfall would come. Traders should short at every positive movement in the market. A sharp downfall would be seen if Nifty closes below 7500 levels. FIIs were net seller of Rs.75.90 crores whereas DIIs were net buyers of 618.79 crores in last trading session. Nifty would see strong support at 7500-7475-7367-7200 whereas strong resistance would be seen at 7606-7675-7755-7800 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results to be disclosed today: Cient and Infosys.

NSE Nifty: (7562) The support for the Nifty is 7500-7475-7367-7200 and the resistance to the up move is at 7606-7675-7755-7800 levels.

NSE BankNifty: (15872) The support for BankNifty is at 15625-15500-15420-15336 and the resistance to the up move is at 15954-16080-16164 levels.

BSE Sensex: (24854) The support for the Sensex is at 24644-24488-24380-24206 and the resistance to the up move is at 24880-24988-25082-25120 levels.

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

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Share Market Tips for – Wednesday, January 13, 2016

equitypandit_square

Market would see Positive Movement today, Downfall would again be seen at higher levels

 

Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that market is still negative and traders should continue to hold short positions as of now. EquityPandit also predicted that Important level for now is 7500 for Nifty and Nifty needs to close below 7500 levels to see further breakdown and exactly same happened. Indian Stock Market opened positive but was not able to sustain higher levels and fell down sharply as per EquityPandit’s predictions. Traders, who followed EquityPandit’s advice to hold short positions might have earned huge profits for the day. Finally, Indian Stock Market closed gap negative for the day but just above EquityPandit’s important support levels of 7500 for Nifty.

Today: Indian Stock Market would open positive for the day. Technically, Analysis would still remain same and Indian Stock Market is still in negative zone. But Today, we may see some sharp short covering rally (Positive Rally) after couple of downfalls. Market would now move positive and then again see a downfall in upcoming days. Nifty needs to close below 7500 levels to see further breakdown. Traders should short at every positive movement in the market. If level of 7500 for Nifty is breached by closing, an another breakdown would be seen that may take Nifty to 7367-7200 levels. Traders should continue to hold short positions as of now. FIIs were net seller of Rs.540.99 crores whereas DIIs were net buyers of 141.25 crores in last trading session. Nifty would see strong support at 7500-7475-7367-7200 whereas strong resistance would be seen at 7606-7675-7755-7800 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results to be disclosed today: Everest Industries, Karur Vysaya Bank and RIIL.

NSE Nifty: (7510) The support for the Nifty is 7500-7475-7367-7200 and the resistance to the up move is at 7606-7675-7755-7800 levels.

NSE BankNifty: (15735) The support for BankNifty is at 15625-15500-15420-15336 and the resistance to the up move is at 15880-15954-16080-16164 levels.

BSE Sensex: (24682) The support for the Sensex is at 24644-24488-24206 and the resistance to the up move is at 24880-24988-25082-25120 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, January 12, 2016

equitypandit_square

Market Still in Negative Zone, Watch Out For 7500 levels for Nifty by Closing for a Further Downfall

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that Indian Stock Market is still in negative zone and traders should go short. EquityPandit also predicted that market would consolidate in the range of 7530-7680 levels and a sharp downfall would be seen if Nifty closes below 7500 levels and exactly. Indian Stock Market opened sharply negative but was not able to sustain levels below 7500 for Nifty. Nifty sharply moved positive from there to see highs right at EquityPandit’s predicted resistance levels of 7606 like a dot. BankNifty also saw strong resistance near EquityPandit’s predicted resistance levels of 16164 and closed just above EquityPandit’s predicted support levels of 16012. Finally, Indian Stock Market fell down sharply from there to close in negative region.

Today: Indian Stock Market would open negative for the day. Technically, Analysis would remain same and Indian Stock Market is still in negative zone. Now Important levels to watch out for Nifty is 7500. If level of 7500 for Nifty is breached, an another breakdown would be seen that may take Nifty to 7367-7200 levels. Traders should continue to hold short positions as of now. FIIs were net seller of Rs.1319.24 crores whereas DIIs were net buyers of 900.99 crores in last trading session. Nifty would see strong support at 7500-7475-7367-7200 whereas strong resistance would be seen at 7606-7675-7755-7800 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results to be disclosed today: DCB Bank, Federal Bank, Indusind Bank and TCS.

NSE Nifty: (7564) The support for the Nifty is 7500-7475-7367-7200 and the resistance to the up move is at 7606-7675-7755-7800 levels.

NSE BankNifty: (16016) The support for BankNifty is at 15933-15819-15760-15625 and the resistance to the up move is at 16164-16258-16380-16500 levels.

BSE Sensex: (24825) The support for the Sensex is at 24773-24644-24488 and the resistance to the up move is at 24988-25082-25120-25225 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, January 11, 2016

equitypandit_square

Nifty to Open Gap Negative, Next Breakdown would be Seen If Nifty Breaches 7500 Levels

 

Last Trading Session: Indian Stock Market opened positive for the day. Equitypandit predicted that short covering rally(Positive rally) would be seen in the market but every positive rally would be an opportunity for traders to go short in the market and exactly same happened. Indian Stock Market opened gap positive and moved sharply positive on account of short covering but was not able to sustain those levels and fell down sharply from there.Sensex also saw highs right at EquityPandit’s predicted resistance levels of 25082 like a dot. Traders, who followed EquityPandit’s advice to go short at every positive movement might have earned huge profits for the day. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open gap negative for the day. Technically, Indian Stock Market is still in negative zone. Indian Market would consolidate for some time in the range of 7530-7680. Now, next breakdown would be seen only if Nifty breaches levels of 7500 levels. Maximum Open interest is seen at 7500 levels for Nifty and hence, if level of 7500 for Nifty is breached, an another breakdown would be seen that may take Nifty to 7367-7200 levels. FIIs were net seller of Rs.1236.95 crores whereas DIIs were net buyers of 1003.99 crores in last trading session. Nifty would see strong support at 7530-7500-7475-7367 whereas strong resistance would be seen at 7606-7675-7755-7800 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (7601) The support for the Nifty is 7530-7500-7475-7367 and the resistance to the up move is at 7606-7675-7755-7800 levels.

NSE BankNifty: (16143) The support for BankNifty is at 16012-15933-15819-15760 and the resistance to the up move is at 16164-16258-16380-16500 levels.

BSE Sensex: (24934) The support for the Sensex is at 24850-24773-24644-24488 and the resistance to the up move is at 24988-25082-25120-25225 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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Hindustan Unilever Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (January 11, 2016 – January 15, 2016):

 

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on negative note losing around 5.40%.

As we have mentioned last week that stock has closed around the strong resistance zone of 860 where 200 Daily SMA is lying. If the stock closes above the levels of 865 then the stock can move to the levels of 890 to 900 where trend-line joining earlier high is positioned. During the week the stock manages to hit a high of 868 and sold off to close the week around the levels of 810.

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 770 where the stock has formed a medium term bottom.

Resistance for the stock lies in the zone of 830 where 100 Daily SMA is positioned. If the stock manages to close above this levels then the stock can move to the levels of 860 where 200 Daily SMA is lying.

Broad range for the stock in coming week is seen between 790 to 800 on downside and 830 to 840 on upside.

Colgate Palmolive Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for Colgate Palmoilve for the week (January 11, 2016 – January 15, 2016):

 

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive (NSE: COLPAL) closed the week on negative note losing around 5.10%.

As we have mentioned last week that the stock has closed just below the strong resistance zone of 990 to 1010 where 200 Daily SMA and channel resistance for the stock are positioned. If the stock manages to close above this levels then the stock can move to the levels of 1050. During the week the stock manages to hit a high of 982 and sold off to close the week around the levels of 925.

Support for the stock lies in the zone of 890 where the stock has formed a medium term bottom. If the stock closes below this levels then the stock can drift to the levels of 850 to 860 where channel support for the stock is lying.

Resistance for the stock lies in the zone of 965 to 970 where short term moving averages and 100 Daily SMA is positioned. If the stock manages to close above this levels then the stock can move to the levels of 1000 where channel resistance for the stock is lying.

Broad range for the stock is seen between 890 to 900 on lower end and 950 to 960 on upper end.

Dabur Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for DABUR for the week (January 11, 2016 – January 15, 2016):

 

DABUR:

 

DABUR

 

 

Dabur closed the week on negative note losing around 2.50%

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 sold off to close the week around the levels of 269.

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. 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 255 to 260 on lower end and 270 to 275 on upper end.

ITC Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for ITC for the week (January 11, 2016 – January 15, 2016):

 

ITC:

 

ITC

 

ITC closed the week on negative note losing around 4.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 325 to 330 where 100 & 200 Daily SMA are lying. If the stock closes above this levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the stock manages to hit a high of 327 and retraced to close the week around the levels of 314.

Support for the stock lies in the zone 310 to 315 where 1000 Daily SMA and 200 Weekly SMA is positioned. If the stock closes below this levels then the stock can drift to the levels of 290 where the stock had made a medium term bottom.

Resistance for the stock lies in the zone of 325 to 330 where 100 & 200 Daily SMA are lying. If the stock closes above this levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA are positioned.

Broad range for the stock in coming week is seen between 300 to 305 on downside and 325 to 330 on upside.

Cipla Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for Cipla for the week (January 11, 2016 – January 15, 2016):

 

CIPLA:

 

CIPLA

 

CIPLA closed the week on negative note losing around 4.50%.

As we have mentioned last week that resistance for the stock lies in the zone of 655 to 660 where upward sloping trend-line resistance and 100 & 200 Daily SMA for the stock are positioned. If the stock closes above this levels then the stock can move to the levels of 680 to 700 from where the stock has sold off in the month of October – 2015. During the week the stock manages to hit a high of 656 and sold off to close the week around the levels of 624.

Support for the stock lies in the zone of 620 where long term trend-line support for the stock is lying. If the stock closes below this levels then the stock can drift to the levels of 580 where 500 Daily SMA and 100 Weekly SMA are positioned.

Resistance for the stock lies in the zone of 645 to 650 where short term moving averages are lying. If the stock closes above this levels then the stock can move to the levels of 655 to 660 where upward sloping trend-line resistance and 100 & 200 Daily SMA for the stock are positioned.

Broad range for the stock is seen in the range of 600 – 610 on downside to 645 – 650 on upside.

Dr. Reddy Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (January 11, 2016 – January 15, 2016):

 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 3.20%.

As we have mentioned last week that support for the stock lies in the zone of 3050 to 3100 from where the stock has broken down. If the stock manages to close below this levels then the stock can drift to the levels of 2940 from where the stock has broken out in the month of August – 2014. During the week the stock manages to hit a low of 2975 and close the week around the levels of 3010.

Support for the stock lies in the zone of 2940 from where the stock has broken out in the month of August – 2014. If the stock closes below this levels then the stock can drift to the levels of 2600 where 1000 Daily SMA and 200 Weekly SMA are lying.

Resistance for the stock lies in the zone of 3100 to 3150. If the stock manages to close above this levels then the stock can move to the levels of 3200 where 500 Daily SMA and 100 Weekly SMA is lying.

Broad range for the stock is seen from 2850 – 2900 on downside to 3200 – 3250 on upside.

Lupin Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for Lupin for the week (January 11, 2016 – January 15, 2016):

 

LUPIN:

 

LUPIN

 

Lupin closed the week on negative note losing around 1.70%.

As we have mentioned last week that the stock has closed around the strong resistance zone of 1845 where 200 Daily SMA is lying. If the stock manages to sustain above this levels then the stock can move to the levels of 1880 where 100 Daily SMA is positioned. During the week the stock manages to hit a high of 1838 and sold off to close the week around the levels of 1712.

Support for the stock lies in the zone of 1680 to 1690 where the stock has formed a medium term bottom in the month of December – 2015. 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.

Resistance for the stock lies in the zone of 1750 to 1800 where short term moving averages are lying. If the stock closes above this levels then the stock can move to the levels of 1850 where 200 Daily SMA is lying.

Broad range for the stock is seen from 1600 – 1620 on downside to 1800 – 1820 on upside.

Sun Pharma Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (January 11, 2016 – January 15, 2016):

 

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on negative note losing around 2.50%.

As we have mentioned last week that support for the stock lies in the zone of 790 to 800 where 500 Daily SMA, 100 Weekly SMA and trend-line support for the stock is lying. If the stock manages to close below this levels then the stock can drift to the levels of 750 to 760. During the week the stock manages to hit a low of 779 and close the week around the levels of 794.

Support for the stock lies in the zone of 750 to 760 where trend-line support for the stock is lying. If the stock closes below this levels then the stock can drift to the levels 700 to 710 where the stock has formed a medium term bottom.

Resistance for the stock lies in the zone of 810 to 820 where 500 Daily SMA and 100 Weekly SMA are lying. If the stock closes above this levels then the stock can move to the levels of 840 to 850 where 100 Daily SMA is lying.

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

Broad range for the stock in the coming week can be 760 – 770 on lower side to 840 – 850 on upper side.

Wipro Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for Wipro for the week (January 11, 2016 – January 15, 2016):

 

WIPRO:

 

WIPRO

 

Wipro closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 565 to 570 where 100, 200 & 500 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 568 and retraced to close the week around the levels of 556.

Support for the stock lies in the zone of 540 to 545 where trend-line support for the stock is lying. If the stock closes below this levels then the stock will break the trend-line support which is holding the stock since the month of April – 2015.

Resistance for the stock lies in the zone of 565 to 570 where 100, 200 & 500 Daily SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 600.

Broad range for the stock in the coming week is seen between 540 to 545 on downside to 565 to 570 on upside.

HCL Tech Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for HCL Tech for the week (January 11, 2016 – January 15, 2016):

 

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on negative note losing around 2.10%.

As we have mentioned last week that the stock is trading around the support zone of 840 where 100 Weekly SMA is lying. If the stock closes below this levels then the stock can drift to the levels of 815 to 825 where 500 Daily SMA and trend-line support for the stock is lying. During the week the stock manages to hit a low of 815 and manages to close the week around the levels of 832.

Support for the stock lies in the zone of 810 to 815 where the stock has formed a bottom in the month of October – 2015. If the stock manages to close below this levels then the stock can drift to the levels of 780 where trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 850 to 860 where trend-line joining recent highs is positioned. If the stock manages to close above this levels then the stock can move to the levels of 880 where 100 Daily SMA is lying.

Broad range for the stock in the coming week is seen between 810 to 815 on downside to 860 to 865 on upside.

TCS Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for TCS for the week (January 11, 2016 – January 15, 2016):

 

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on negative note losing around 0.70%.

As we have mentioned last week that support for the stock lies in the zone of 2350 to 2370. If the stock closes below this levels then the stock can drift to the levels of 2320 where the stock has formed a short term bottom. During the week the stock manages to hit a low of 2341 and bounce to close the week around the levels of 2396.

Support for the stock lies in the zone of 2350 to 2370. If the stock closes below this levels then the stock can drift to the levels of 2320 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone of 2410 to 2420 where short term moving averages are lying. If the stock closes above this levels then the stock can move to the levels of 2450 to 2460 where 500 Daily SMA and 100 Weekly SMA are positioned.

Broad range for the stock in the coming week is seen between 2320 to 2340 on downside to 2420 to 2440 on upside.

Infosys Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for Infosys for the week (January 11, 2016 – January 15, 2016):

 

INFOSYS:

 

INFY

 

INFY closed the week on negative note losing around 3.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 1100 to 1110 where 100 Daily SMA and channel resistance for the stock is positioned. If the stock manages to close above this levels then the stock can move to the levels of 1160. During the week the stock manages to hit a high of 1102 and sold off to close the week around the levels of 1064.

Support for the stock lies in the zone of 1040 where channel support for the stock is lying. If the stock closes below this levels then the stock can drift to the levels of 970 where medium term trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 1070 levels where 200 Daily SMA is positioned. If the stock manages to close above this levels then the stock can move to the levels of 1100 where 100 Daily SMA is lying.

The company is announcing the quarterly results during the next week. So high volatility in the stock can be witnessed.

Broad range for the stock in the coming week is seen between 1030 to 1040 on downside to 1080 to 1100 on upside.

SBI Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for SBI for the week (January 11, 2016 – January 15, 2016):

 

STATE BANK OF INDIA:

 

SBIN

 

State Bank Of India (NSE: SBIN) closed the week on negative note losing around 8.30%

As we have mentioned last week that the stock has closed around the strong support zone of 225 where 1000 Daily SMA and 200 Weekly SMA are positioned. If the stock closes below this levels then the stock can drift to the levels of 210 to 213 where 100 Monthly SMA is positioned. During the week the stock manages to hit a low of around 209 and virtually close at the lowest levels.

Support for the stock lies in the zone of 190 from where the stock has broken out in the month of April – 2014.

Resistance for the stock lies in the zone of 220 to 225 where 1000 Daily SMA and earlier lows of the stock is positioned. If the stock manages to close above this levels then the stock can move to the levels of 235.

Broad range for the stock in the coming week can be 190 – 195 on lower side to 225 – 230 on upper side.

Axis Bank Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for Axis Bank for the week (January 11, 2016 – January 15, 2016):

 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 7.50%.

As we have mentioned last week that resistance for the stock lies in the zone of 450 to 455 from where the stock has broken down the descending triangle pattern and 100 Weekly SMA are lying. If the stock closes above this levels then the stock can move to the levels of 470. During the week the stock manages to hit a high of 449 and sold off to close the week around the levels of 416.

Support for the stock lies in the zone of 380 to 400 where the stock has taken multiple support in the month of August – 2014 and October – 2014. If the stock closes below this levels then the stock can drift to the levels of 340 where 1000 Daily SMA and 200 Weekly SMA are lying.

Resistance for the stock lies in the zone of 430 to 435 where the gap has been created by the stock on 07/01/2016. If the stock manages to close above this levels then the stock can move to the levels of 450 to 455 from where the stock has broken down the descending triangle pattern and 100 Weekly SMA are lying.

Broad range for the stock in the coming week can be 385 – 390 on lower side to 445 – 450 on upper side.

ICICI Bank Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (January 11, 2016 – January 15, 2016):

 

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on negative note losing around 6.60%.

As we have mentioned last week that support for the stock lies in the zone of 245 to 250 where 1000 Daily SMA and 200 Weekly SMA are positioned. If the stock closes below this levels then the stock can drift to the levels of around 210 where 100 Monthly SMA is lying. During the week the stock manages to hit a low of 243 and close the week around the levels of 245.

Support for the stock lies in the zone of 245 to 250 where 1000 Daily SMA and 200 Weekly SMA are positioned. If the stock closes below this levels then the stock can drift to the levels of around 210 where 100 Monthly SMA is lying.

Resistance for the stock lies in the zone of 255 from where the stock has broken down from the Head & Shoulder pattern. If the stock manages to sustain above this levels then the stock can move to the levels of 265 to 270 where long term trend-line resistance for the stock is positioned.

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

HDFC Bank Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (January 11, 2016 – January 15, 2016):

 

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on negative note losing around 2.50%.

As we have mentioned last week that support for the stock lies in the zone of 1070 where 100 Daily SMA and short term moving averages are lying. If the stock closes below this levels then the stock can drift to the levels of 1045 to 1050 where 200 Daily SMA and trend-line support for the stock is positioned. During the week the stock manages to hit a low of 1050 and bounce to close the week around the levels of 1062.

Support for the stock lies in the zone of 1045 to 1050 where 200 Daily SMA and trend-line support for the stock is positioned. If the stock manages to close below this levels then the stock can drift to the levels of 980 where channel support for the stock is lying.

Resistance for the stock lies in the zone of 1070 where short term moving averages are lying. If the stock manages to close above this levels then the stock can move to the levels of 1085 to 1090 where the stock has made a top on 02/12/2015.

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

Nifty Energy Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (January 11, 2016 – January 15, 2016):

 

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on absolutely flat note.

As we have mentioned last week that the resistance for the index lies in the zone of 8650 to 8700 where 500 Daily SMA and 100 Weekly SMA are lying. If the index closes above this levels then the index can move to the levels of 9000. During the week the index manages to hit a high of 8703 and close the week around the levels of 8600.

Support for the index lies in the zone of 8300 where 200 Daily SMA and 200 Weekly SMA are lying. If the index closes below this levels then the index can drift to the levels of 8200 where 1000 Daily SMA is lying.

Resistance for the index lies in the zone of 8650 to 8700 where 500 Daily SMA and 100 Weekly SMA are lying. If the index closes above this levels then the index can move to the levels of 9000.

Broad range for the index is seen between 8350 to 8400 on downside to 8700 to 8750 on upside.

Nifty Auto Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (January 11, 2016 – January 15, 2016):

 

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 7.0%.

As we have mentioned last week that resistance for the index lies in the zone of 8500 from where the index has sold off in the month of Nov-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. During the week the index manages to hit a high of 8340 and sold off to close the week around the levels of 7748.

Support for the index lies in the zone of 7400 to 7500 where 500 Daily SMA and channel support for the index is positioned. If the index closes below this levels then the index can drift to the levels of 7200 from where the index has broken out in the month of August – 2014.

Resistance for the index lies in the zone of 7900 to 8000 where the index has made a gap when the index opened gap down of 07/01/2016. If the index manages to close above this levels then the index can move to the levels of 8100 where 100 Daily SMA is positioned.

Broad range for the index is seen from 7400 to 7450 on downside to 7900 to 7950 on upside.

Nifty Pharma Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (January 11, 2016 – January 15, 2016):

 

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 4.10%.

As we have mentioned last week that the index has closed around strong resistance zone of 12000 where short term moving averages and a gap which was created by the index on 09/11/2015 are positioned. If the index close above this levels then the index can move to the levels of 12500 where 100 & 200 Daily SMA are lying. During the week the index manages to hit a high of 11984 and sold off to close the week around the levels of 11486.

The index has closed just below the support zone of 11500. If the index close 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 11850 where short term moving averages are positioned. If the index manages to close above this levels then the index can move to the levels 12000 where a gap which was created by the index on 09/11/2015 are positioned.

Broad range for the index is seen from 11100 to 11200 on downside to 11700 to 11800 on upside.

Nifty FMCG Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (January 11, 2016 – January 15, 2016):

 

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on negative note losing around 4.10%.

As we have mentioned last week that the Index has closed just above the strong resistance zone of 20100 to 20200 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 20700 where trend-line joining earlier high is positioned. During the week the index manages to hit a high of 20146 and sold off to close the week around the levels of 19344.

Resistance for the index lies in the zone of 19600 to 19700 where 100 Weekly SMA is positioned. If the index manages to close above this levels then the index can move to the levels of 20000 where 100 & 200 Daily SMA are lying.

Support for the index lies in the zone of 19200 where trend-line joining recent lows is positioned. If the index closes below this levels then the index can drift to the levels of 18700 where trend-line joining the lows of October – 2014 and June – 2015 is positioned.

Broad range for the index in the coming week is seen from 18700 on downside to 20000 on upside.

Nifty IT Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (January 11, 2016 – January 15, 2016):

 

NIFTY IT:

 

NIFTYIT

 

Nifty IT index ended the week on negative note losing around 1.50%.

As we have mentioned last week that the Index has closed around the resistance zone of 11100 where channel resistance for the index is lying. Support for the index lies in the range of 11050 where trend-line support for the index is lying. If the index closes below this levels then the index can drift to the levels of 10800 to 10900 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the index manages to hit a low of 10822 and bounce to close the week around the levels of 11005.

Support for the index lies in the zone of 10800 to 10900 where 500 Daily SMA and 100 Weekly SMA are positioned. If the index closes below this levels then the index can be in a freefall zone where no support is visible. The next support lies in the zone of 10400 from where the index has broken out in the month of August – 2014.

Resistance for the index lies in the zone of 11150 to 11200 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 11500 where 100 & 200 Daily SMA are lying.

Broad range for the index in the coming week is seen from 10700 on downside to 11200 on upside.

Nifty Bank Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (January 11, 2016 – January 15, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on negative note losing around 5.10%.

As we have mentioned last week that index has closed around the strong resistance zone of 16900 to 17100 where short term moving averages are lying. Support for the index lies in the zone of 16500 where neckline of the Head & Shoulder pattern and 100 Weekly SMA are positioned. If the index closes below this levels then the index can drift to the levels of 15800 to 16000 where trend-line and 500 Daily SMA are lying. During the week the index manages to hit a low of 16050 and close the week around the lowest levels.

Support for the index lies in the zone of 15700 to 15800 where the index has formed a bottom in the month of Sep – 2015. If the index closes below this levels then the index can drift to the levels of 14800 to 15300 where the channel support for the index is positioned.

Resistance for the index lies in the zone of 16300 to 16500 where 500 Daily SMA and 100 weekly SMA are positioned. If the index manages to close above this levels then the index can move to the levels of 17000 where 100 Daily SMA is lying.

Range for the week is seen from 15300 to 15500 on downside to 16500 to 16700 on upside.

Nifty Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for Nifty for week (January 11, 2016 – January 15, 2016):

 

NIFTY:

 

NSE Nifty

 

 

Nifty ended the week on negative note losing around 4.50%.

As we have mentioned last week that support for the index lies in the zone of 7800 to 7850 where short term moving averages and 500 Daily SMA are positioned. If the index manages to close below this levels then the index can drift to the levels of 7500 where the index has formed a double bottom. During the week the index manages to hit a low of 7556 and close around the lowest levels.

Support for the index lies in the zone of 7500 to 7550 where the index has formed a medium term bottom. If the index manages to close below this levels then the index can drift to the levels of 7100 to 7200 where the lower end of the channel is positioned which is supporting the index on every downfall since the month of February – 2015.

Resistance for the index lies in the zone of 7800 to 7850 where short term moving averages and 500 Daily SMA is positioned. If the index manages to close above this levels then the index can move to the levels of 7950 to 8000 where 100 Daily SMA and 100 Weekly SMA are lying.

Broad range for the week is seen from 7300 on downside to 7800 on upside.

Share Market Tips for – Friday, January 08, 2016

equitypandit_square

Further Breakdown would be seen if Nifty Breaches 7500 levels

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative with 70 points for Nifty and 180 points for Sensex. EquityPandit predicted that Indian Stock Market is still in negative zone and traders should hold short positions for now. EquityPandit also predicted that Market would see sharp downfall and traders should continue short-selling in the market and exactly same happened. Indian Stock Market fell down sharply with more than 55 points for Sensex and 170 points for Nifty. Traders, who followed EquityPandit’s advice might have earned whooping profits for the day. Nifty saw lows right near EquityPandit’s predicted support levels of 7550. Sensex also closed right above EquityPandit’s predicted support levels of 24850 like a dot. Finally, Indian Stock Market saw a blood bath and closed gap negative for the day.

Today: Indian Stock Market would open flat for the day. Technically, Indian Stock Market is still in negative zone. Some short covering rally (Positive Rally) would be seen in the market but every positive rally would be an opportunity for traders to go short in the market. Now, Important levels to watch out for Nifty is 7530 and 7500 levels. Breaching 7530 would further weaken the market and once Nifty breaches 7500 levels, then we would enter into mid-term bear market and a big downfall would be seen in that case. Maximum Open interest is seen at 7500 levels for Nifty and hence, if levels of 7500 is breached, an another breakdown would be seen that may take Nifty to 7367-7200 levels. FIIs were net seller of Rs.1051.74 crores whereas DIIs were net buyers of 190.86 crores in last trading session. Nifty would see strong support at 7530-7500-7475-7367 whereas strong resistance would be seen at 7606-7675-7755-7800 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (7568) The support for the Nifty is 7530-7500-7475-7367 and the resistance to the up move is at 7606-7675-7755-7800 levels.

NSE BankNifty: (16074) The support for BankNifty is at 16012-15933-15819-15760 and the resistance to the up move is at 16164-16258-16380-16500 levels.

BSE Sensex: (24852) The support for the Sensex is at 24773-24644-24488-24270 and the resistance to the up move is at 24988-25082-25120-25225 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, January 07, 2016

equitypandit_square

Market Will See Sharp Downfall Today, Hold Short positions as of Now

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day with just 0.5 points positive for Nifty. EquityPandit predicted that market would see short covering rally (Positive Rally) but traders should continue short-selling in the market at every positive rally and exactly same happened. Market saw sharp short covering rally but couldn’t sustain the higher levels and saw a sharp downfall. Traders, who followed EquityPandit’s advice to go short might have earned huge profits for the day. Nifty saw strong support near EquityPandit’s predicted support levels of 7715. BankNifty also saw lows right near EquityPandit’s predicted support levels of 16380 like a dot. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open gap negative with 50-100 points for Nifty and 120-200 points for Sensex. Technically, Indian Stock Market is still in negative zone and traders should hold short positions as of now. Indian Stock Market would see sharp downfall today and traders should continue short-selling in the market. Nifty would see strong support at 7700-7680-7610-7550 whereas strong resistance would be seen at 7800-7850-7888-7926 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: (7741) The support for the Nifty is 7700-7680-7610-7550 and the resistance to the up move is at 7800-7850-7888-7926 levels.

NSE BankNifty: (16433) The support for BankNifty is at 16255-16200-16129-16012 and the resistance to the up move is at 16525-16640-16700-16780 levels.

BSE Sensex: (25406) The support for the Sensex is at 25256-25012-24850 and the resistance to the up move is at 25510-25635-25790-25885 levels.

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

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Share Market Tips for – Wednesday, January 06, 2016

equitypandit_square

Market Still in Negative Zone, Go Short at Every Positive Movement

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that some short covering rally (Positive Rally) would be seen but Indian Stock Market, including Nifty, BankNifty and Sensex has entered into negative zone and traders should go short at every positive movement in the market and exactly same happened. Indian Stock Market opened positive but were not able to hold higher levels and fell down sharply. Traders, who followed EquityPandit’s advice to go short at every positive movement in the market might have earned huge profits for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in negative zone. Some positive reaction is not ruled out but it would be capped and the traders should continue short-selling in the market at every positive rally. Market would consolidate in a rangebound region but overall market is negative and trades should be on the sell side for now. FIIs were net sellers of Rs.352.42 crores whereas DIIs were net buyers of Rs.13.19 crores in last trading session. Nifty would see strong support at 7765-7730-7715-7700 whereas strong resistance would be seen at 7850-7888-7926-7980 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: (7787) The support for the Nifty is 7765-7730-7715-7700 and the resistance to the up move is at 7850-7888-7926-7980 levels.

NSE BankNifty: (16543) The support for BankNifty is at 16475-16380-16255-16200 and the resistance to the up move is at 16640-16700-16780-16940 levels.

BSE Sensex: (25580) The support for the Sensex is at 25510-25445-25365 and the resistance to the up move is at 25790-25885-25936-26016 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, January 05, 2016

equitypandit_square

Market Entered Negative Zone, Trade is to short at every positive rally

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit already predicted that sharp profit booking (Negative Movement) would be seen today. EquityPandit also predicted that Market would see a sharp breakout or breakdown now and if Nifty breaches levels of 7895, then we sharp downfall would be seen and exactly same happened. Traders, who followed EquityPandit’s advice might have earned whooping profits for the day. Nifty breached levels of 7895 and saw lows right near EquityPandit’s predicted support levels of 7775. BankNifty also breached levels of 16820 and saw lows right near EquityPandit’s predicted support levels of 16560. Finally, Indian Stock Market closed gap negative for the day exactly as predicted by EquityPandit.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market, including Nifty, BankNifty and Sensex have entered into negative zone. Some short covering rally (Positive Rally) can be seen today but the trade is to go short at every positive movement in the market. FIIs were net sellers of Rs.667.15 crores whereas DIIs were net sellers of Rs.222.79 crores in last trading session. Nifty would see strong support at 7775-7730-7715-7700 whereas strong resistance would be seen at 7850-7888-7926-7980 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: (7791) The support for the Nifty is 7775-7730-7715-7700 and the resistance to the up move is at 7850-7888-7926-7980 levels.

NSE BankNifty: (16599) The support for BankNifty is at 16514-16380-16255-16200 and the resistance to the up move is at 16640-16700-16780-16940 levels.

BSE Sensex: (25623) The support for the Sensex is at 25540-25445-25365 and the resistance to the up move is at 25790-25885-25936-26016 levels.

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Share Market Tips for – Monday, January 04, 2016

equitypandit_square

Sharp Profit Booking would be seen today

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative for the day. EquityPandit predicted that some profit booking can’t be ruled out but overall market is in positive zone and traders should hold long positions as of now and exactly same happened. Market saw profit booking in initial trading hours on Friday and then zoomed sharply to close gap positive for the day. Traders who followed EquityPandit’s advice to hold long positions might have earned huge profits for the day. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open gap negative. Analysis would still remain same and the positive trend is still intact. We would see some fresh breakout or breakdown in the market in upcoming days. For now, Nifty and BankNifty are in positive zone and traders should hold long positions until Nifty breaches levels of 7895 or BankNifty breaches levels of 16820 by closing. Sharp profit booking can’t be ruled out as of now. All PSU Banks are still in negative zone and they may drag BankNifty and Nifty into negative zone in upcoming days. FIIs were net buyers of Rs.228.11 crores whereas DIIs were net sellers of Rs.81.24 crores in last trading session. Nifty would see strong support at 7895-7850-7825-7775 whereas strong resistance would be seen at 7980-8005-8035-8050 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: (7963) The support for the Nifty is 7895-7850-7825-7775 and the resistance to the up move is at 7980-8005-8035 levels.

NSE BankNifty: (16922) The support for BankNifty is at 16840-16750-16650-16560 and the resistance to the up move is at 17111-17230-17305 levels.

BSE Sensex: (26161) The support for the Sensex is at 25950-25850-25688-25540 and the resistance to the up move is at 26200-26256-26431 levels.

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

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Colgate Palmolive Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for Colgate Palmoilve for the week (January 04, 2016 – January 08, 2016):

 

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive (NSE: COLPAL) closed the week on negative note losing around 0.80%.

As we have mentioned last week that the stock has closed just below the strong resistance zone of 990 to 1010 where 200 Daily SMA and channel resistance for the stock are positioned. If the stock manages to close above this levels then the stock can move to the levels of 1050. During the week the stock manages to hit a high of 988 and retraced to close the week around the levels of 977.

Support for the stock lies in the range of 960 where 100 Daily SMA is lying. If the stock closes below this levels then the stock can drift to the levels of 940.

The stock has closed just below the strong resistance zone of 990 to 1010 where 200 Daily SMA and channel resistance for the stock are positioned. If the stock manages to close above this levels then the stock can move to the levels of 1050.

Broad range for the stock is seen between 950 to 960 on lower end and 990 to 1000 on upper end.

Dabur Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for DABUR for the week (January 04, 2016 – January 08, 2016):

 

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 279 and 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. 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.

The stock has been consolidating in the tight range of 272 to 280 since last 02 weeks. A break-out on either side will move the stock further 3% to 4% in that direction.

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 (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (January 04, 2016 – January 08, 2016):

 

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on negative note losing around 1.00%.

As we have mentioned last week that the stock has formed a Hanging man pattern in an uptrend indicating the trend reversal or consolidation. The stock has to close above the levels of 875 to negate this pattern. During the week the stock manages to hit a high of 873 and retraced to close the week around the levels of 856.

Support for the stock lies in the range of 830 where 100 Daily SMA is lying. If the stock closes below this levels then the stock can drift to the levels of 800 to 810 where trend-line support for the stock is lying.

Stock has closed around the strong resistance zone of 860 where 200 Daily SMA is lying. If the stock closes above the levels of 865 then the stock can move to the levels of 890 to 900 where trend-line joining earlier high is positioned.

Broad range for the stock in coming week is seen between 830 to 840 on downside and 870 to 880 on upside.

ITC Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for ITC for the week (January 04, 2016 – January 08, 2016):

 

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 1.20%.

As we have mentioned last week that resistance for the stock lies in the zone of 325 to 330 where 100 & 200 Daily SMA are lying. If the stock closes above this levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the stock manages to hit a high of 330 and retraced to close the week around the levels of 327.

Support for the stock lies in the zone 310 to 315 where 1000 Daily SMA and 200 Weekly SMA is positioned. If the stock closes below this levels then the stock can drift to the levels of 290 where the stock had made a medium term bottom.

Resistance for the stock lies in the zone of 325 to 330 where 100 & 200 Daily SMA are lying. If the stock closes above this levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA are positioned.

Broad range for the stock in coming week is seen between 315 to 320 on downside and 330 to 335 on upside.

Cipla Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for Cipla for the week (January 04, 2016 – January 08, 2016):

 

CIPLA:

 

CIPLA

 

CIPLA closed the week on positive note gaining around 1.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 655 to 660 where upward sloping trend-line resistance and 100 & 200 Daily SMA for the stock are positioned. If the stock closes above this levels then the stock can move to the levels of 680 to 700 from where the stock has sold off in the month of October – 2015. During the week the stock manages to hit a high of 660 and close the week around the levels of 655.

Support for the stock lies in the zone of 640 to 645 where short term moving averages are lying. If the stock manages to close below this levels then the stock can drift to the levels of 620 where trend-line support for the stock is positioned.

Resistance for the stock lies in the zone of 655 to 660 where upward sloping trend-line resistance and 100 & 200 Daily SMA for the stock are positioned. If the stock closes above this levels then the stock can move to the levels of 680 to 700 from where the stock has sold off in the month of October – 2015.

Broad range for the stock is seen in the range of 635 – 640 on downside to 665 – 670 on upside.

Dr. Reddy Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (January 04, 2016 – January 08, 2016):

 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 3.30%.

As we have mentioned last week that resistance for the stock lies in the range of 3050 to 3100 from where the stock has broken down after forming a double bottom. If the stock manages to close above the levels of 3100 then the stock can move to the levels of 3200 where 500 Daily SMA and 100 Weekly SMA is lying. During the week the stock manages to hit a high of 3172 and retraced to close the week around the levels of 3108.

Support for the stock lies in the zone of 3050 to 3100 from where the stock has broken down. If the stock manages to close below this levels then the stock can drift to the levels of 2940 from where the stock has broken out in the month of August – 2014.

Strong resistance for the stock lies in the range of 3200 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above the levels of 3200 then the stock can move to the levels of 3300 where 100 Weekly SMA is positioned.

Broad range for the stock is seen from 2950 – 3000 on downside to 3200 – 3250 on upside.

Lupin Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for Lupin for the week (January 04, 2016 – January 08, 2016):

 

LUPIN:

 

LUPIN

 

Lupin closed the week on positive note gaining around 2.30%.

As we have mentioned last week that the stock has closed around the strong resistance zone of 1780 to 1800 where short term moving averages are lying. If the stock manages to close above this levels then the stock can move to the levels of 1840 to 1870 where 100 & 200 Daily SMA are positioned. During the week the stock manages to hit a high of 1865 and closed the week around the levels of 1845.

Support for the stock lies in the zone of 1800 to 1820 from where the stock has broken out of the consolidation range. If the stock closes below the levels of 1800 then the stock can drift to the levels of 1730 to 1750 where the stock has made the short term bottom. If the stock closes below this levels then the stock can drift to the levels of 1680.

The stock has closed around the strong resistance zone of 1845 where 200 Daily SMA is lying. If the stock manages to sustain above this levels then the stock can move to the levels of 1880 where 100 Daily SMA is positioned.

Broad range for the stock is seen from 1800 – 1820 on downside to 1870 – 1890 on upside.

Sun Pharma Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (January 04, 2016 – January 08, 2016):

 

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on positive note gaining around 3.0%.

As we have mentioned last week that the stock is trading around the strong resistance zone of 790 to 800 where 500 Daily SMA, 100 Weekly SMA and trend-line resistance for the stock is lying. If the stock manages to close above this levels then the stock can move to the levels of 850 where 100 Daily SMA is positioned. During the week the stock manages to hit a high of 826 and close the week around the levels of 815.

Support for the stock lies in the zone of 790 to 800 where 500 Daily SMA, 100 Weekly SMA and trend-line support for the stock is lying. If the stock manages to close below this levels then the stock can drift to the levels of 750 to 760.

Resistance for the stock lies in the zone of 840 to 850 where 100 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 880 where 200 Daily SMA is lying.

Broad range for the stock in the coming week can be 790 – 800 on lower side to 840 – 850 on upper side.

Wipro Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for Wipro for the week (January 04, 2016 – January 08, 2016):

 

WIPRO:

 

WIPRO

 

Wipro closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 565 to 570 where 100, 200 & 500 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 568 and retraced to close the week around the levels of 556.

Support for the stock lies in the zone of 540 to 545 where trend-line support for the stock is lying. If the stock closes below this levels then the stock will break the trend-line support which is holding the stock since the month of April – 2015.

Resistance for the stock lies in the zone of 565 to 570 where 100, 200 & 500 Daily SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 600.

Broad range for the stock in the coming week is seen between 540 to 545 on downside to 565 to 570 on upside.

HCL Tech Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for HCL Tech for the week (January 04, 2016 – January 08, 2016):

 

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Technologies (NSE: HCLTECH) closed the week on negative note losing around 1.75%.

As we have mentioned last week that the stock is trading around the support zone of 840 where 100 Weekly SMA is lying. If the stock closes below this levels then the stock can drift to the levels of 815 to 825 where 500 Daily SMA and trend-line support for the stock is lying. During the week the stock manages to hit a low of 837 and manages to close the week around the levels of 846.

Support for the stock lies in the zone of 840 where 100 Weekly SMA and trend-line joining recent lows are lying. If the stock closes below this levels then the stock can drift to the levels of 815 to 825 where 500 Daily SMA and trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 865. If the stock manages to close above this levels then the stock can move to the levels of 880 to 890 where 100 Daily SMA is positioned.

The stock has formed a Bearish Engulfing pattern on weekly charts indicating the bearish view on the stock in coming weeks.

Broad range for the stock in the coming week is seen between 825 to 830 on downside to 860 to 865 on upside.

TCS Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for TCS for the week (January 04, 2016 – January 08, 2016):

 

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on negative note losing around 0.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 2450 to 2460 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 and 100 Daily SMA for the stock is lying. During the week the stock manages to hit a high of 2466 and retraced to close the week around the levels of 2416.

Support for the stock lies in the zone of 2350 to 2370. If the stock closes below this levels then the stock can drift to the levels of 2320 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone of 2450 to 2460 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 and 100 Daily SMA for the stock is lying.

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 2465 to negate this pattern.

Broad range for the stock in the coming week is seen between 2360 to 2380 on downside to 2440 to 2460 on upside.

Infosys Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for Infosys for the week (January 04, 2016 – January 08, 2016):

 

INFOSYS:

 

INFY

 

INFOSYS  (NSE: INFY) closed the week on positive note gaining around 1.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 1100 to 1110 where 100 Daily SMA and channel resistance for the stock is positioned. If the stock manages to close above this levels then the stock can move to the levels of 1160. During the week the stock manages to hit a high of 1110 and close the week around the levels of 1105.

Support for the stock lies in the zone of 1080 where short term moving averages are lying. If the stock closes below this levels then the stock can drift to the levels of 1060 where 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 1110 to 1120 where 100 Daily SMA and channel resistance for the stock is positioned. If the stock manages to close above this levels then the stock can move to the levels of 1160.

Broad range for the stock in the coming week is seen between 1070 to 1080 on downside to 1120 to 1130 on upside.

SBI Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for SBI for the week (January 04, 2016 – January 08, 2016):

 

STATE BANK OF INDIA:

 

SBIN

 

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

As we have mentioned last week that the resistance for the stock lies in the zone of 235 from where the stock has broken the long term support. If the stock manages to close above this levels then the stock can move to the levels of 245 to 250 where 100 Daily SMA, 500 Daily SMA and 100 Weekly SMA are lying. During the week the stock manages to hit a high of 230 and close the week around the levels of 228.

The stock has closed around the strong support zone of 225 where 1000 Daily SMA and 200 Weekly SMA are positioned. If the stock closes below this levels then the stock can drift to the levels of 210 to 213 where 100 Monthly SMA is positioned.

Resistance for the stock lies in the zone of 235 from where the stock has broken the long term support. If the stock manages to close above this levels then the stock can move to the levels of 245 to 250 where 100 Daily SMA, 500 Daily SMA and 100 Weekly SMA are lying.

Broad range for the stock in the coming week can be 215 – 220 on lower side to 235 – 240 on upper side.

Axis Bank Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for Axis Bank for the week (January 04, 2016 – January 08, 2016):

 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on absolutely flat note.

As we have mentioned last week that Resistance for the stock lies in the zone of 450 to 455 from where the stock has broken down the descending triangle pattern and 100 Weekly SMA are lying.. If the stock closes above this levels then the stock can move to the levels of 470. During the week the stock manages to hit a high of 460 and retraced to close the week around the levels of 450.

The stock has close below the strong support zone of 440 where 500 Daily SMA is positioned. If the stock closes below this levels then the stock can drift to the levels of 425 from where the stock has broken out in the month of October – 2014.

Resistance for the stock lies in the zone of 450 to 455 from where the stock has broken down the descending triangle pattern and 100 Weekly SMA are lying. If the stock closes above this levels then the stock can move to the levels of 470.

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 460 to negate this pattern.

Broad range for the stock in the coming week can be 430 – 435 on lower side to 465 – 470 on upper side.

ICICI Bank Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (January 04, 2016 – January 08, 2016):

 

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on positive note gaining around 2.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 256 from where the stock has broken down from the Head & Shoulder pattern. If the stock manages to close above this levels then the stock can move to the levels of 265 to 270 where long term trend-line resistance for the stock is positioned. During the week the stock manages to hit a high of 266.5 and close the week around the levels of 263.

Support for the stock lies in the zone of 245 to 250 where 1000 Daily SMA and 200 Weekly SMA are positioned. If the stock closes below this levels then the stock can drift to the levels of around 210 where 100 Monthly SMA is lying.

The stock has closed around the resistance zone of 256 from where the stock has broken down from the Head & Shoulder pattern. If the stock manages to sustain above this levels then the stock can move to the levels of 265 to 270 where long term trend-line resistance for the stock is positioned.

Broad range for the stock in the coming week can be 250 – 255 on lower side to 270 – 275 on upper side.

HDFC Bank Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (January 04, 2016 – January 08, 2016):

 

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on positive note gaining around 1.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 1085 to 1090 where the stock has made a top on 02/12/2015. If the stock manages to close above this levels then the stock can move to the levels of 1130 where the stock has made the lifetime high. During the week the stock manages to hit a high of 1090.25 and manage to close the week around the levels of 1089.

Support for the stock lies in the zone of 1070 where 100 Daily SMA and short term moving averages are lying. If the stock closes below this levels then the stock can drift to the levels of 1045 to 1050 where 200 Daily SMA and trend-line support for the stock is positioned.

Resistance for the stock lies in the zone of 1085 to 1090 where the stock has made a top on 02/12/2015. If the stock manages to close above this levels then the stock can move to the levels of 1130 where the stock has made the lifetime high.

Broad range for the stock in the coming week can be 1060 – 1070 on lower side to 1100 – 1110 on upper side.

Nifty Energy Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (January 04, 2016 – January 08, 2016):

 

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 1.70%.

As we have mentioned last week that the resistance for the index lies in the zone of 8650 to 8700 where 500 Daily SMA and 100 Weekly SMA are lying. If the index closes above this levels then the index can move to the levels of 9000. During the week the index manages to hit a high of 8610 and virtually close at the highest levels.

Support for the index lies in the zone of 8300 where 200 Daily SMA and 200 Weekly SMA are lying. If the index closes below this levels then the index can drift to the levels of 8200 where 1000 Daily SMA is lying.

Resistance for the index lies in the zone of 8650 to 8700 where 500 Daily SMA and 100 Weekly SMA are lying. If the index closes above this levels then the index can move to the levels of 9000.

Broad range for the index is seen between 8350 to 8400 on downside to 8700 to 8750 on upside.

Nifty Auto Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (January 04, 2016 – January 08, 2016):

 

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 2.40%.

As we have mentioned last week that strong resistance for the index lies in the zone of 8200 where short term moving averages and 100 Daily SMA are lying. If the index manages to close above this levels then the index can move to the levels of 8300 where 200 Daily SMA is positioned. During the week the index manages to hit a high of 8343 and close the week around the levels of 8328.

Support for the index lies in the zone of 8200 to 8250 where short term moving averages and 200 Daily SMA are positioned. If the index closes below this levels then the index can move to the levels of 8100 where 100 Daily SMA is lying.

Resistance for the index lies in the zone of 8500 from where the index has sold off in the month of Nov-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 8100 to 8150 on downside to 8500 to 8550 on upside.

Nifty Pharma Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (January 04, 2016 – January 08, 2016):

 

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on positive note gaining around 1.60%.

As we have mentioned last week that resistance for the index lies in the zone of 11800 to 112000 where short term moving averages and a gap which was created by the index on 09/11/2015 are positioned. If the index close above this levels then the index can move to the levels of 12500 where 100 & 200 Daily SMA are lying. During the week the index manages to hit a high of 12091 and close the week around the levels of 11980.

Support for the index lies in the zone of 11500. If the index close 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.

The index has closed around strong resistance zone of 12000 where short term moving averages and a gap which was created by the index on 09/11/2015 are positioned. If the index close above this levels then the index can move to the levels of 12500 where 100 & 200 Daily SMA are lying.

Broad range for the index is seen from 11600 to 11700 on downside to 12200 to 12300 on upside.

Nifty FMCG Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (January 04, 2016 – January 08, 2016):

 

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 0.60%.

As we have mentioned last week that the resistance for the index lies in the zone of 20100 to 20200 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 20700 where trend-line joining earlier high is positioned. During the week the index manages to hit a high of 20258 and manage to close around the levels of 20185.

Index has closed just above the strong resistance zone of 20100 to 20200 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 20700 where trend-line joining earlier high is positioned.

Support for the index lies in the zone of 19800 to 20000 where short term moving averages are lying. If the index manages to close below this levels then the index can drift to the levels of 19500 where 100 Weekly SMA is positioned.

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

Nifty IT Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (January 04, 2016 – January 08, 2016):

 

NIFTY IT:

 

NIFTYIT

 

Nifty IT index ended the week on absolutely flat note.

As we have mentioned last week that the resistance for the index lies in the zone of 11100 where channel resistance for the index is lying. If the index manages to close above this levels then the index can move to the levels of 11300 to 11400 where trend-line resistance for the index is positioned. During the week the index manages to hit a high of 11303 and retraced to close the week around the levels of 11175.

Support for the index lies in the range of 11050 where trend-line support for the index is lying. If the index closes below this levels then the index can drift to the levels of 10800 to 10900 where 500 Daily SMA and 100 Weekly SMA are positioned.

Index has closed around the resistance zone of 11100 where channel resistance for the index is lying. If the index manages to close above this levels then the index can move to the levels of 11300 to 11400 where 100 & 200 Daily SMA and trend-line resistance for the index is positioned.

The index has formed a Shooting Star pattern in an uptrend indicating the trend reversal. The index has to close above the levels of 11300 to negate this pattern.

Broad range for the index in the coming week is seen from 10800 on downside to 11300 on upside.

Nifty Bank Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (January 04, 2016 – January 08, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 1.30%.

As we have mentioned last week that resistance for the index lies in the zone of 16900 to 17100 where short term moving averages are lying. If the index manages to close above this levels then the index can move to the levels of 17400 where 100 Daily SMA is positioned. During the week the index manages to hit a high of around 17067 and virtually close at the highest levels.

Support for the index lies in the zone of 16500 where neckline of the Head & Shoulder pattern and 100 Weekly SMA are positioned. If the index closes below this levels then the index can drift to the levels of 15800 to 16000 where trend-line and 500 Daily SMA are lying.

Index has closed around the strong resistance zone of 16900 to 17100 where short term moving averages are lying. If the index manages to close above this levels then the index can move to the levels of 17300 where 100 Daily SMA is positioned.

Range for the week is seen from 16500 to 16700 on downside to 17300 to 17500 on upside.

Nifty Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for Nifty for week (January 04, 2016 – January 08, 2016):

 

NIFTY:

 

NSE Nifty

 

Nifty ended the week on positive note gaining around 1.20%.

As we have mentioned last week that Index has closed around the strong resistance zone of 7850 to 7900 where short term moving averages and 100 Weekly SMA is positioned. If the index manages to close above the levels of 7900 then the index can move to the levels of 8000 where 100 Daily SMA is lying. During the week the index manages to hit a high of 7972 and virtually closed at the highest levels.

Support for the index lies in the zone of 7800 to 7850 where short term moving averages and 500 Daily SMA are positioned. If the index manages to close below this levels then the index can drift to the levels of 7500 where the index has formed a double bottom.

Resistance for the index lies in the zone of 8000 where 100 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8200 to 8250 where 200 Daily SMA and trend-line resistance for the index is positioned.

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

Share Market Tips for – Friday, January 01, 2016

equitypandit_square

Market Positive for Now, Short If Nifty Closes Below 7850

 

EquityPandit Team Wishes You and Your Family a Very Happy and Prosperous New Year. Happy Investing and Trading!

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that market is still in positive zone and some profit booking can be seen but traders can hold long positions until Nifty breaches levels of 7850 and exactly same happened. Traders who followed EquityPandit’s advice to hold long positions might have earned huge profits for the day. Nifty saw lows right at EquityPandit’s predicted support levels of 7893 levels. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open negative for the day. Now we would see some fresh breakout or breakdown in the market. For now, Nifty and BankNifty are in positive zone and traders should hold long positions until Nifty breaches levels of 7850 or BankNifty breaches levels of 16770. Some profit booking can’t be ruled out but overall market is in positive trend for now. If Nifty managed to stay above 7850 levels then we could see levels of 7980 and 8000 levels soon. FIIs were net buyers of Rs.1123.41 crores whereas DIIs were net sellers of Rs.257.67 crores in last trading session. Nifty would see strong support at 7980-8005-8035 whereas strong resistance would be seen at 7980-8005-8035 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: (7946) The support for the Nifty is 7890-7850-7825-7775 and the resistance to the up move is at 7980-8005-8035 levels.

NSE BankNifty: (16922) The support for BankNifty is at 16840-16750-16650-16560 and the resistance to the up move is at 17015-17111-17230-17305 levels.

BSE Sensex: (26118) The support for the Sensex is at 25950-25850-25688-25540 and the resistance to the up move is at 26185-26250-26431 levels.

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