Share Market Tips for – Monday, February 29, 2016

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Union Budget Today, Announcement on LTCG Would Decide Further Market Direction

 

Last Trading Session: Indian Stock Market opened gap positive for the day. EquityPandit predicted few days back that BankNifty has entered into negative zone and traders can go short at those levels. BankNifty saw lows of around 13550 levels from which it recovered to some extent. Traders, who followed EquityPandit’s advice might have earned huge profits in last couple of days. Nifty and BankNifty recovered and finally, closed positive for the day.

Today: Now, we are heading to Union Budget, today. Indian Stock Market would open flat with negative bias. Technically, Indian Stock Market is still in negative zone. There are some rumours in the market that the period for Long term capital gain tax can be increased from 1 year to 3 years for investment in Equity Market and if that happens then we should get ready for another 10% correction in days to come. But looking at the Indian Stock Market current conditions, it looks hard for Finance ministry to take such decision. So, if the Longterm Capital Gain Tax Period is not increased than market may recover sharply and may enter into the positive zone. Traders can go long if BankNifty breaches 14008 levels and should take long positions home, if it closes above those levels. All major indices and Stocks have seen weekly lows right at their support levels, so if those levels get breached then a breakdown would be confirmed in the market but there is a big chance that this may be a reversal and positive rally may be seen as all of them have made double or tripple bottom pattern with is bullish in nature. Traders should follow EquityPandit’s levels for going long and exiting short positions and should also follow the Longterm Capital announcement in the budget as suggested by EquityPandit. FIIs were net sellers of Rs.695.37 crores whereas DIIs were net buyers of Rs.784.14 crores in last trading session. Nifty would see strong support at 6868-6905-6820-6750 whereas strong resistance would be seen at 7100-7186-7240-7300 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: (7030) The support for the Nifty is 6868-6905-6820-6750 and the resistance to the up move is at 7100-7186-7240-7300 levels.

NSE BankNifty: (13791) The support for BankNifty is at 13660-13500-13330-13017 and the resistance to the up move is at 13950-14008-14120-14200-14400 levels.

BSE Sensex: (23154) The support for the Sensex is at 23021-22909-22600 and the resistance to the up move is at 23450-23510-23600-23862 levels.

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Colgate Palmolive Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for Colgate Palmoilve for the week (February 29, 2016 – March 04, 2016):

 

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on absolutely flat note.

As we have mentioned last week that support for the stock lies in the zone of 810 to 815 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 760 to 770 where 1000 Daily SMA and 200 Weekly SMA is lying. During the week the stock manages to hit a low of 813 and bounce 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 short term bottom. If the stock closes below this levels then the stock can drift to the levels of 760 to 770 where 1000 Daily SMA and 200 Weekly SMA is lying.

Resistance for the stock lies in the zone of 850 to 860 from where the stock has broken down. If the stock manages to close above this levels then the stock can move to the levels of 880 to 890 where 500 Daily SMA and 100 Weekly SMA is lying.

Broad range for the stock is seen between 800 to 810 on lower end and 850 to 860 on upper end.

Dabur Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for DABUR for the week (February 29, 2016 – March 04, 2016):

 

DABUR:

 

DABUR

 

Dabur closed the week on negative note losing around 1.30%.

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 251 and sold off to close the week around the levels of 241.

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 250 to 255 on upper end.

Hindustan Unilever Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (February 29, 2016 – March 04, 2016):

 

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on positive note gaining around 2.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 840 where 200 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 860 to 870. During the week the stock manages to hit a high of 866 and close the week around the levels of 850.

Support for the stock lies in the zone of 840 where 200 Daily SMA is lying. If the stock manages to close below this levels then the stock can drift to the levels of 815 where 100 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 870 from where the stock sold off in the month of Dec-2015 and Feb-2016. If the stock manages to close above this levels then the stock can move to the levels of 880 where trend-line joining earlier highs is positioned.

Broad range for the stock in coming week is seen between 825 to 830 on downside and 870 to 880 on upside.

ITC Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for ITC for the week (February 29, 2016 – March 04, 2016):

 

ITC:

 

ITC

 

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

As we have mentioned last week that support for the stock lies in the zone of 290 to 295 where the stock had made a medium term bottom. If the stock manages to close below this levels on weekly basis then the stock will break down from the major support channel in which the stock is moving since August – 2013. During the week the stock manages to hit a low of 284 and close the week around the levels of 291.

The stock has closed around the support zone of 290 to 295 where the stock had made a medium term bottom. If the stock manages to close below this levels on weekly basis then the stock will break down from the major support channel in which the stock is moving since August – 2013. A close below this levels can trigger a freefall in the stock and no major support is visible and stock can drift to the levels of 270.

Resistance for the stock lies in the zone of 300 to 305 from where the stock has broken down. If the stock manages to close above this levels then the stock can move to the levels of 315 where 1000 Daily SMA is lying.

Broad range for the stock in coming week is seen between 280 to 285 on downside and 300 to 305 on upside.

Cipla Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for Cipla for the week (February 29, 2016 – March 04 2016):

 

CIPLA:

 

CIPLA

 

CIPLA closed the week on absolutely flat note.

As we have mentioned last week that minor support for the stock is lying around the levels of 514. If the stock manages to close below this levels then the stock can drift to the levels of 480 where 1000 Daily SMA and 200 Weekly SMA is lying. During the week the stock manages to hit a low of 510 and bounce to close the week around the levels of 524.

Minor support for the stock is lying around the levels of 514. If the stock manages to close below this levels then the stock can drift to the levels of 480 where 1000 Daily SMA and 200 Weekly SMA is lying.

Resistance for the stock lies in the zone of 540 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 580 where 500 Daily SMA is lying.

Broad range for the stock is seen in the range of 500 – 505 on downside to 545 – 550 on upside.

Dr. Reddy Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (February 29, 2016 – March 04, 2016):

 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 2.10%.

As we have mentioned last week that resistance for the stock lies in the zone of 3150 to 3200 from where the stock has formed a double top pattern and also 500 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 3400 where 100 Daily SMA is lying. During the week the stock manages to hit a high of 3149 and sold off to close the week around the levels of 2994.

Support for the stock lies in the zone of 2950 to 2980 where short term moving averages and gap is lying. If the stock manages to close 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 3150 to 3200 from where the stock has formed a double top pattern and also 500 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 3400 where 100 Daily SMA is lying.

Broad range for the stock is seen from 2930 – 2950 on downside to 3100 – 3130 on upside.

Lupin Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for Lupin for the week (February 29, 2016 – March 04, 2016):

 

LUPIN:

 

LUPIN

 

Lupin closed the week on negative note losing around 3.50%.

As we have mentioned last week that resistance for the stock lies in the range of 1820 where 200 Daily SMA is lying. If the stock closes above this levels then the stock can move to the levels of 1850 where 100 Daily SMA is lying. During the week the stock manages to hit a high of 1820 and sold off to close the week around the levels of 1727.

Support for the stock lies in the zone of 1700 to 1720 where the stock has broken out after 2 weeks of consolidation is lying. If the stock closes below this levels then the stock can drift to the levels of 1600 to 1650 where channel support for the stock is lying.

Resistance for the stock lies in the zone of 1760 to 1780 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 1820 where 200 Daily SMA is lying.

Broad range for the stock is seen from 1680 – 1700 on downside to 1800 – 1820 on upside.

Sun Pharma Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (February 29, 2016 – March 04, 2016):

 

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on positive note gaining around 0.90%.

As we have mentioned last week that support for the stock lies in the zone of 850 where 200 Daily SMA is lying. If the stock manages to close below this levels then the stock can drift to the levels of 820 where 100 Daily SMA and 100 Weekly SMA is lying. During the week the stock manages to hit a low of 850 and bounce to close the week around the levels of 872.

Support for the stock lies in the zone of 850 where 200 Daily SMA is lying. If the stock manages to close 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 880 to 900 from where the stock has sold off in the month of November – 2015. If the stock manages to close above this levels then the stock can move to the levels of 940 to 960.

Broad range for the stock in the coming week can be 840 – 850 on lower side to 890 – 900 on upper side.

Wipro Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for Wipro for the week (February 29, 2016 – March 04, 2016):

 

WIPRO:

 

WIPRO

 

Wipro closed the week on negative note losing around 3.20%.

As we have mentioned last week that the stock has closed around the resistance zone of 550 where short term moving averages is lying. If the stock closes above this levels then the stock can move to the levels of 560 to 565 where 100, 200 & 500 Daily SMA are positioned. During the week the stock manages to hit a high of 548 and close the week around the levels of 530.

Minor support for the stock lies in the zone of 520 to 525 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 490 to 500 where 1000 Daily SMA and 200 Weekly SMA is lying.

The stock has closed around the resistance zone of 550 where short term moving averages is lying. If the stock closes above this levels then the stock can move to the levels of 560 to 565 where 100, 200 & 500 Daily SMA are positioned.

Broad range for the stock in the coming week is seen between 510 to 515 on downside to 550 to 555 on upside.

HCL Tech Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for HCL Tech for the week (February 29, 2016 – March 04, 2016):

 

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on negative note losing around 3.00%.

As we have mentioned last week that minor support for the stock lies in the zone of 800 to 810. Support for the stock lies in the zone of 780 where trend-line joining earlier lows is lying. If the stock manages to close below this levels then the stock can drift to the levels of 720 to 730 where the stock has formed a bottom in the month of December – 2014. During the week the stock manages to hit a low of 800 and bounce to close the week around the levels of 826.

Minor support for the stock lies in the zone of 800 to 810. Support for the stock lies in the zone of 780 where trend-line joining earlier lows is lying. If the stock manages to close below this levels then the stock can drift to the levels of 720 to 730 where the stock has formed a bottom in the month of December – 2014.

Resistance for the stock lies in the zone of 850 to 860 where 100 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 890 to 900 where 200 Daily SMA is positioned.

Broad range for the stock in the coming week is seen between 800 to 810 on downside to 850 to 860 on upside.

TCS Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for TCS for the week (February 29, 2016 – March 04, 2016):

 

TATA CONSULTANCY SERVICES:

 

TCS

 

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

As we have mentioned last week that the resistance for the stock lies in the zone of 2330 to 2350 where the stock has created the gap on 09-02-2016. If the stock manages to close above this levels then the stock can move to the levels of 2400 where 100 Daily SMA is positioned. During the week the stock manages to hit a high of 2343 and sold off to close the week around the levels of 2219.

Support for the stock lies in the range of 2150 to 2200 where the stock has formed a short term bottom. If the stock does not manages to close above this levels then the stock can drift to the levels of 2000 where 1000 Daily SMA and 200 Weekly SMA is lying.

Resistance for the stock lies in the zone of 2330 to 2350 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 2400 where 100 Daily SMA is positioned.

Broad range for the stock in the coming week is seen between 2150 to 2170 on downside to 2300 to 2320 on upside.

Infosys Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for Infosys for the week (February 29, 2016 – March 04, 2016):

 

INFOSYS:

 

INFY

 

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

As we have mentioned last week that the resistance for the stock lies in the range of 1135 to 1145 where the stock has created the gap on 09-02-2016. 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. During the week the stock manages to hit a high of 1144 and close the week around the levels of 1122.

Support for the stock lies in the zone of 1100 to 1110 where short term moving averages and 100 Daily SMA is lying . If the stock manages to close below this levels then the stock can drift to the levels of 1060 to 1070 where 200 Daily SMA and channel support for the stock is lying.

Resistance for the stock lies in the range of 1135 to 1145 where the stock has created the gap on 09-02-2016. 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 1100 on downside to 1150 to 1160 on upside.

SBI Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for SBI for the week (February 29, 2016 – March 04, 2016):

 

STATE BANK OF INDIA:

 

SBIN

 

SBIN closed the week on negative note losing around 4.70%.

As we have mentioned last week that support for the stock lies in the zone of 150 where monthly trend-line support for the stock is positioned. If the stock closes below this levels on weekly basis then the stock can witness the further freefall and next support for the stock lies in the zone of 130 where 200 Monthly SMA is lying. During the week the stock manages to hit a low of 151 and bounce to close the week around the levels of 157.

Support for the stock lies in the zone of 150 where monthly trend-line support for the stock is positioned. If the stock closes below this levels on weekly basis then the stock can witness the further freefall and next support for the stock lies in the zone of 130 where 200 Monthly SMA is lying.

Resistance for the stock lies in the zone of 165 to 170 where the stock has made a short term top. If the stock manages to close above this levels then the stock can move to the levels of 175 to 180 where trend-line joining lows of March – 2009 and February – 2014 is lying.

Broad range for the stock in the coming week can be 145 to 150 on lower side to 175 to 180 on upper side.

Axis Bank Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for Axis Bank for the week (February 29, 2016 – March 04, 2016):

 

AXIS BANK:

 

AXISBANK

 

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

As we have mentioned last week that support for the stock lies in the zone of 365 to 375 where the stock has formed a double bottom. 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. During the week the stock manages to hit a low of 377 and bounce to close the week around the levels of 386.

Support for the stock lies in the zone of 365 to 375 where the stock has formed a double bottom. 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 400 to 405 where trend-line joining recent highs and short term moving averages are lying. If the stock manages to close 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 370 – 375 on lower side to 410 – 415 on upper side.

ICICI Bank Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (February 29, 2016 – March 04, 2016):

 

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on negative note losing around 7.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 200 to 205 where 500 Weekly SMA and 100 Monthly SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 215 to 220 from where the stock has broken down the lows of Jan – 2016. During the week the stock manages to hit a high of 201 and sold off to close the week around the levels of 185.

The stock is approaching towards the multi year support trend-line which is positioned around the levels of 170 to 175. If the stock manages to close below this levels then the stock can drift to the levels of 150 where the stock has made a bottom in the month of August – 2013 and rallied.

Resistance for the stock lies in the zone of 200 to 205 where 500 Weekly SMA and 100 Monthly SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 215 to 220 from where the stock has broken down the lows of Jan – 2016.

Broad range for the stock in the coming week can be 170 – 175 on lower side to 200 – 205 on upper side.

HDFC Bank Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (February 29, 2016 – March 04, 2016):

 

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on negative note losing around 2.60%.

As we have mentioned last week that support for the stock lies in the zone of 950 to 960 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 920 to 930 where monthly trend-line support for the stock is lying. During the week the stock manages to hit a low of 938 and bounce to close the week around the levels of 964.

Support for the stock lies in the zone of 950 to 960 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 920 to 930 where monthly trend-line support for the stock is lying.

Resistance for the stock lies in the range of 980 to 990 where channel resistance for the stock is lying. If the stock manages to close above this levels then the stock can move to the levels of 1010 to 1020 from where the stock has broken down the short term bottom.

Broad range for the stock in the coming week can be 940 on lower side to 1010 on upper side.

Nifty Energy Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (February 29, 2016 – March 04, 2016):

 

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on negative note losing around 0.90%.

As we have mentioned last week that minor support for the index lies in the zone of 7600. Support for the index lies in the zone of 7350 where the index has made a medium term bottom. If the index closes below this levels then the index can witness the free fall and no support is visible. During the week the index manages to hit a low of 7633 and close the week around the levels of 7728.

Minor support for the index lies in the zone of 7600. Support for the index lies in the zone of 7350 where the index has made a medium term bottom. If the index closes below this levels then the index can witness the free fall and no support is visible.

The index has closed around the strong resistance zone of 7800 from 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 8100 to 8200 where 100 and 1000 Daily SMA is lying.

Broad range for the index is seen between 7500 to 7550 on downside to 7900 to 7950 on upside.

Nifty Auto Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (February 29, 2016 – March 04, 2016):

 

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 3.70%.

As we have mentioned last week that the index has closed around the strong resistance zone of 7500 to 7600 where 500 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8000 where 100 & 200 Daily SMA is lying. During the week the index manages to hit a high of 7500 and sold off to close the week around the levels of 7169.

Support for the index lies in the zone of 7000 to 7100 where channel support for the index is lying. Minor support for the index lies in the zone of 6800 from where the index has bounced. If the index closes below this levels then the index can drift to the levels of 6500.

The index has closed around the strong resistance zone of 7500 to 7600 where short term moving averages and 500 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8000 where 100 & 200 Daily SMA is lying.

Broad range for the index is seen from 7000 to 7100 on downside to 7550 to 7650 on upside.

Nifty Pharma Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (February 29, 2016 – March 04, 2016):

 

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA 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 11500 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 11800 to 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 high of 11570 and close the week around the levels of 11175.

Support for the index lies in the zone of 11000 where channel support and 500 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 10300.

Resistance for the index lies in the zone of 11500 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 11800 to 12000 where a gap which was created by the index on 09/11/2015 are positioned.

Broad range for the index is seen from 10900 to 11000 on downside to 11500 to 11700 on upside.

Nifty FMCG Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (February 29, 2016 – March 04, 2016):

 

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on negative note losing around 1.60%.

As we have mentioned last week that resistance 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 above this levels then the index can move to the levels of 19400 where 500 Daily SMA is lying. During the week the index manages to hit a high of 18672 and close the week around the levels of 18276.

The index has closed around the strong resistance 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 above this levels then the index can move to the levels of 19400 where 500 Daily SMA is lying.

Minor support for the index lies in the zone of 17800 to 18000 where the index has formed a short term bottom. If the index manages close below this levels then the index can drift to the levels of 17200 to 17500 where 1000 Daily SMA and 200 Weekly SMA is lying.

Broad range for the index in the coming week is seen from 17700 on downside to 19000 on upside.

Nifty IT Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (February 29, 2016 – March 04, 2016):

 

NIFTY IT:

 

NIFTYIT

 

Nifty IT index ended the week on negative note losing around 2.70%.

As we have mentioned last week that support for the index lies in the zone of 10400 from where the index has broken out in the month of August – 2014. If the index closes below this levels for couple of days then the index will be in a freefall and next support for the index lies in the zone of 9500. During the week the index manages to hit a low of 10330 and close the week around the levels of 10474.

Support for the index lies in the zone of 10400 from where the index has broken out in the month of August – 2014. If the index closes below this levels for couple of days then the index will be in a freefall and next support for the index lies in the zone of 9500.

The index has closed around the strong resistance zone of 10600 to 10700 from where the index has broken down from the lows of Jan – 2016. If the index manages to close above this levels then the index can move to the levels of 10900 to 11000 where 500 Daily SMA and channel resistance for the index is lying.

Broad range for the index in the coming week is seen from 10200 on downside to 10800 on upside.

Nifty Bank Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (February 29, 2016 – March 04, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

 

 

Nifty Bank ended the week on negative note losing around 3.70%.

As we have mentioned last week that major support for the index lies in the zone of 13500 to 13800 where 1000 Daily SMA, 200 Weekly SMA and trend-line joining earlier highs of 13300 (Nov – 2010) and 13400 (May – 2013) is lying. If the index closes below this levels on weekly closing basis then the index can witness the major breakdown on long term charts. During the week the index manages to hit a low of 13520 and bounce to close the week around the levels of 13815.

Major support for the index lies in the zone of 13500 to 13800 where 1000 Daily SMA, 200 Weekly SMA and trend-line joining earlier highs of 13300 (Nov – 2010) and 13400 (May – 2013) is lying. If the index closes below this levels on weekly closing basis then the index can witness the major breakdown on long term charts.

Resistance for the index lies in the zone of 14500 to 14800 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 15200.

Range for the week is seen from 13500 to 13600 on downside to 14500 to 14700 on upside.

Nifty Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for Nifty for week (February 29, 2016 – March 04, 2016):

 

NIFTY:

 

NSE Nifty

 

Nifty ended the week on negative note losing around 2.40%.

As we have mentioned last week that resistance for the index lies in the zone of 7240 where the index has formed a previous bottom. If the index manages to close above this levels then the index can move to the levels of 7500 from where the index has broken down after making the double bottom. During the week the index manages to hit a high of 7252 and sold off to close the week around the levels of 7036.

Support for the index lies in the zone of 6950 to 7000 where the index has formed a short term bottom. 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 7240 where the index has formed a previous bottom. If the index manages to close above this levels then the index can move to the levels of 7500 from where the index has broken down after making the double bottom.

The index is positioned around the trend-line support which is holding the index in every correction since February – 2015. If the index can hold this levels and if the global turmoil settles then the index can witness a significant bounce which can take the index to the levels of 8000.

Broad range for the week is seen from 7000 on downside to 7300 on upside.

Share Market Tips for – Wednesday, February 24, 2016

equitypandit_square

BankNifty Entered Negative Zone. Sharp Downfall Would Be Seen, If Nifty Closes below 7081

 

Last Trading Session: Indian Stock Market opened gap positive for the day. EquityPandit already predicted since last couple of days that market may see some positive reaction but overall market sentiment is bearish and market would not sustain at higher levels and exactly same happened. Indian Stock Market fell down sharply from day highs. Sensex saw highs right near EquityPandit’s predicted resistance levels of 23862 and fell down sharply from there. Nifty also saw highs exactly at EquityPandit’s predicted resistance levels of 7240 like a dot. Market fell down sharply and BankNifty saw lows right near EquityPandit’s predicted support levels of 13969. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market to open flat for the day. Technically, BankNifty has entered into negative zone and Nifty would enter into negative zone as soon as it closes below 7081 levels. Traders can go short into BankNifty for now and could take short positions home once Nifty closes below 7081 levels. Overall, Market would continue to remain bearish in mid term. FIIs were net sellers of Rs.289.66 crores whereas DIIs were net buyers of Rs.257.93 crores in last trading session. Nifty would see strong support at 7080-7008-6995-6868 whereas strong resistance would be seen at 7145-7186-7228-7240 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: (7110) The support for the Nifty is 7080-7008-6995-6868 and the resistance to the up move is at 7145-7186-7228-7240 levels.

NSE BankNifty: (14008) The support for BankNifty is at 13969-13800-13660 and the resistance to the up move is at 14120-14200-14400-14504 levels.

BSE Sensex: (23410) The support for the Sensex is at 23312-23197-23164-22909 and the resistance to the up move is at 23450-23510-23600-23862 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, February 22, 2016

equitypandit_square

Market Still Rangebound, Go Long At Dips and Short At Positive Rally

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative for the day. EquityPandit predicted that market would remain rangebound, so trade is to go short at positive movement and long at dips. EquityPandit also predicted that Nifty would see strong resistance at 7228 levels and exactly same happened. Nifty opened negative and moved sharply positive but saw strong resistance right at EquityPandit’s predicted resistance levels of 7228 like a dot. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed flat with positive bias for the day.

Today: Indian Stock Market to open positive for the day. Technically, analysis would remain same. Indian Stock Market is still in positive zone but overall market sentiment is bearish. For now, Indian Stock Market would remain rangebound with bearish sentiments and trade is still to go long at downfall and go short at positive movement. Nifty would enter into negative zone if it closes below 7033 levels. BankNifty, if closes below 13965 levels, it would enter into negative zone. Until then traders can go long near 14000 levels and short near 14400-14500 levels. FIIs were net sellers of Rs.191.73 crores whereas DIIs were net buyers of Rs.16.53 crores in last trading session. Nifty would see strong support at 7120-7033-6995-6868 whereas strong resistance would be seen at 7228-7240-7280-7323 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: (7211) The support for the Nifty is 7120-7033-6995-6868 and the resistance to the up move is at 7228-7240-7280-7323 levels.

NSE BankNifty: (14344) The support for BankNifty is at 14200-14120-13969-13800 and the resistance to the up move is at 14400-14504-14605-14700 levels.

BSE Sensex: (23709) The support for the Sensex is at 23600-23508-23450-23312 and the resistance to the up move is at 23862-23938-24060 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 (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for Colgate Palmoilve for the week (February 22, 2016 – February 26, 2016):

 

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 860 to 870 from where the stock has broken down. If the stock manages to close above this levels then the stock can move to the levels of 880 to 890 where 500 Daily SMA and 100 Weekly SMA is lying. During the week the stock manages to hit a high of 858 and sold off 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 short term bottom. If the stock closes below this levels then the stock can drift to the levels of 760 to 770 where 1000 Daily SMA and 200 Weekly SMA is lying.

Resistance for the stock lies in the zone of 860 to 870 from where the stock has broken down. If the stock manages to close above this levels then the stock can move to the levels of 880 to 890 where 500 Daily SMA and 100 Weekly SMA is lying.

Broad range for the stock is seen between 800 to 810 on lower end and 850 to 860 on upper end.

Dabur Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for DABUR for the week (February 22, 2016 – February 26, 2016):

 

DABUR:

 

DABUR

 

Dabur closed the week on negative note losing around 1.40%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 239 and bounce to close the week around the levels of 245.

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 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (February 22, 2016 – February 26, 2016):

 

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on positive note gaining around 1.90%.

As we have mentioned last week that stock has closed around the resistance zone of 815 where 100 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 840 where 200 Daily SMA is lying. During the week the stock manages to hit a high of 832 and close the week around the levels of 828.

Support for the stock lies in the zone of 815 where 100 Daily SMA is lying. If the stock closes below this levels then the stock can drift to the levels of 770 where 500 Daily SMA is lying.

Resistance for the stock lies in the zone of 840 where 200 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 860 to 870.

Broad range for the stock in coming week is seen between 800 to 810 on downside and 840 to 850 on upside.

ITC Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for ITC for the week (February 22, 2016 – February 26, 2016):

 

ITC:

 

ITC

 

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

As we have mentioned last week that support for the stock lies in the zone of 290 to 295 where the stock had made a medium term bottom. If the stock manages to close below this levels on weekly basis then the stock will break down from the major support channel in which the stock is moving since August – 2013. During the week the stock manages to hit a low of 289 and bounce to close the week around the levels of 305.

Support for the stock lies in the zone of 290 to 295 where the stock had made a medium term bottom. If the stock manages to close below this levels on weekly basis then the stock will break down from the major support channel in which the stock is moving since August – 2013. A close below this levels can trigger a freefall in the stock and no major support is visible and stock can drift to the levels of 270.

Resistance for the stock lies in the zone of 310 to 315 where 1000 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 325 to 330 where 100 & 200 Daily SMA are lying.

Broad range for the stock in coming week is seen between 285 to 290 on downside and 315 to 320 on upside.

Cipla Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for Cipla for the week (February 22, 2016 – February 26, 2016):

 

CIPLA:

 

CIPLA

 

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

As we have mentioned last week that minor support for the stock is lying around the levels of 517. If the stock manages to close below this levels then the stock can drift to the levels of 480 where 1000 Daily SMA and 200 Weekly SMA is lying. During the week the stock manages to hit a low of 514 and close the week around the levels of 525.

Minor support for the stock is lying around the levels of 514. If the stock manages to close below this levels then the stock can drift to the levels of 480 where 1000 Daily SMA and 200 Weekly SMA is lying.

Resistance for the stock lies in the zone of 540 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 580 where 500 Daily SMA is lying.

Broad range for the stock is seen in the range of 500 – 505 on downside to 545 – 550 on upside.

Dr. Reddy Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (February 22, 2016 – February 26, 2016):

 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 7.50%.

As we have mentioned last week that resistance for the stock lies in the zone of 3000 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 3150 to 3200 from where the stock has formed a double top pattern and also 500 Daily SMA is lying. During the week the stock manages to hit a high of 3154 and close the week around the levels of 3059.

Support for the stock lies in the zone of 2950 to 2980 where short term moving averages and gap is lying. If the stock manages to close 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 3150 to 3200 from where the stock has formed a double top pattern and also 500 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 3400 where 100 Daily SMA is lying.

Broad range for the stock is seen from 2950 – 2980 on downside to 3170 – 3200 on upside.

Lupin Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for Lupin for the week (February 22, 2016 – February 26, 2016):

 

LUPIN:

 

LUPIN

 

Lupin closed the week on positive note gaining around 1.90%.

As we have mentioned last week that support for the stock lies in the zone of 1730 to 1750 where short term moving averages and from where the stock has broken out after 2 weeks of consolidation is lying. If the stock closes below this levels then the stock can drift to the levels of 1600 to 1650 where channel support for the stock is lying. During the week the stock manages to hit a low of 1693 and bounce to close the week around the levels of 1789.

Support for the stock lies in the zone of 1730 to 1750 where short term moving averages and from where the stock has broken out after 2 weeks of consolidation is lying. If the stock closes below this levels then the stock can drift to the levels of 1600 to 1650 where channel support for the stock is lying.

Resistance for the stock lies in the range of 1820 where 200 Daily SMA is lying. If the stock closes above this levels then the stock can move to the levels of 1850 where 100 Daily SMA is lying.

Broad range for the stock is seen from 1700 – 1720 on downside to 1820 – 1850 on upside.

Sun Pharma Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (February 22, 2016 – February 26, 2016):

 

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on positive note gaining around 2.00%.

As we have mentioned last week that support for the stock lies in the zone of 820 where 100 Daily SMA and 100 Weekly SMA is lying. If the stock closes below this levels then the stock can drift to the levels of 800 where 500 Daily SMA is positioned. During the week the stock manages to hit a low of 820 and bounce to close the week around the levels of 864.

Support for the stock lies in the zone of 850 where 200 Daily SMA is lying. If the stock manages to close 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 880 to 900 from where the stock has sold off in the month of November – 2015. If the stock manages to close above this levels then the stock can move to the levels of 940 to 960.

Broad range for the stock in the coming week can be 840 – 850 on lower side to 890 – 900 on upper side.

Wipro Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for Wipro for the week (February 22, 2016 – February 26, 2016):

 

WIPRO:

 

WIPRO

 

Wipro closed the week on positive note gaining around 5.80%.

As we have mentioned last week that resistance for the stock lies in the zone of 530 to 540 from where the stock has broken down from the short term bottom and the gap which was created on 09-02-2016. If the stock closes above 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 549 and close the week around the levels of 547.

Minor support for the stock lies in the zone of 530 to 540 where the stock has broken down from the short term bottom and the gap which was created on 09-02-2016. If the stock closes below this levels then the stock can drift to the levels of 490 to 500 where 1000 Daily SMA and 200 Weekly SMA is lying.

The stock has closed around the resistance zone of 550 where short term moving averages is lying. If the stock closes above this levels then the stock can move to the levels of 560 to 565 where 100, 200 & 500 Daily SMA are positioned.

Broad range for the stock in the coming week is seen between 520 to 525 on downside to 565 to 570 on upside.

HCL Tech Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for HCL Tech for the week (February 22, 2016 – February 26, 2016):

 

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on positive note gaining around 6.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 830 to 840 where short term moving averages and 500 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 865 where 100 Daily SMA is lying. During the week the stock manages to hit a high of 857 and close the week around the levels of 852.

Minor support for the stock lies in the zone of 800 to 810. Support for the stock lies in the zone of 780 where trend-line joining earlier lows is lying. If the stock manages to close below this levels then the stock can drift to the levels of 720 to 730 where the stock has formed a bottom in the month of December – 2014.

Resistance for the stock lies in the zone of 850 to 860 where 100 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 890 to 900 where 200 Daily SMA is positioned.

Broad range for the stock in the coming week is seen between 800 to 810 on downside to 870 to 880 on upside.

TCS Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for TCS for the week (February 22, 2016 – February 26, 2016):

 

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on positive note gaining around 4.20%.

As we have mentioned last week that the stock has closed around the resistance zone of 2250 from where the stock has broken out of the consolidation range in the month of June – 2014. If the stock manages to close above this levels then the stock can move to the levels of 2330 to 2350 where the stock has created the gap on 09-02-2016. During the week the stock manages to hit a high of 2327 and close the week around the levels of 2320.

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 does not manages to close above this levels then the stock can drift to the levels of 2000 where 1000 Daily SMA and 200 Weekly SMA is lying.

Resistance for the stock lies in the zone of 2330 to 2350 where the stock has created the gap on 09-02-2016. If the stock manages to close above this levels then the stock can move to the levels of 2400 where 100 Daily SMA is positioned.

Broad range for the stock in the coming week is seen between 2250 to 2270 on downside to 2350 to 2370 on upside.

Infosys Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for Infosys for the week (February 22, 2016 – February 26, 2016):

 

INFOSYS:

 

INFY

 

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

As we have mentioned last week that the resistance for the stock lies in the zone of 1100 to 1110 where short term moving averages and 100 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 1130 where the stock has created the gap on 09-02-2016. During the week the stock manages to hit a high of 1134 and close the week around the levels of 1127.

Support for the stock lies in the zone of 1100 to 1110 where short term moving averages and 100 Daily SMA is lying . If the stock manages to close below this levels then the stock can drift to the levels of 1060 to 1070 where 200 Daily SMA and channel support for the stock is lying.

Resistance for the stock lies in the range of 1135 to 1145 where the stock has created the gap on 09-02-2016. 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 1100 on downside to 1150 to 1160 on upside.

SBI Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for SBI for the week (February 22, 2016 – February 26, 2016):

 

STATE BANK OF INDIA:

 

SBIN

 

SBIN closed the week on positive note gaining around 6.60%.

As we have mentioned last week that resistance for the stock lies in the zone of 160 to 165 from where the stock has broken down the short term bottom. If the stock manages to close above this levels then the stock can move to the levels of 175 to 180 where trend-line joining lows of March – 2009 and February – 2014 is lying. During the week the stock manages to hit a high of 171 and close the week around the levels of 165.

Support for the stock lies in the zone of 150 where monthly trend-line support for the stock is positioned. If the stock closes below this levels on weekly basis then the stock can witness the further freefall and next support for the stock lies in the zone of 130 where 200 Monthly SMA is lying.

Resistance for the stock lies in the zone of 175 to 180 where trend-line joining lows of March – 2009 and February – 2014 is lying. If the stock manages to close above this levels then the stock can move to the levels of 190 where short term moving averages is lying.

Broad range for the stock in the coming week can be 145 to150 on lower side to 175 to 180 on upper side.

Axis Bank Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for Axis Bank for the week (February 22, 2016 – February 26, 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 410 to 415 where trend-line joining recent highs is lying. If the stock manages to close 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 hit a high of 422.5 and sold off to close the week around the levels of 392.

Support for the stock lies in the zone of 365 to 375 where the stock has formed a double bottom. 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 410 to 415 where trend-line joining recent highs and short term moving averages are lying. If the stock manages to close 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 370 – 375 on lower side to 410 – 415 on upper side.

ICICI Bank Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (February 22, 2016 – February 26, 2016):

 

ICICI BANK:

 

ICICIBANK

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 200 to 205 where 500 Weekly SMA and 100 Monthly SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 215 to 220 from where the stock has broken down the lows of Jan – 2016. During the week the stock manages to hit a high of 207 and sold off to close the week around the levels of 198.

Support for the stock lies in the zone of 190 to 195 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. If the stock manages to close below this levels then the stock can drift to the levels of 150 where the stock has made a bottom in the month of August – 2013 and rallied.

Resistance for the stock lies in the zone of 200 to 205 where 500 Weekly SMA and 100 Monthly SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 215 to 220 from where the stock has broken down the lows of Jan – 2016.

Broad range for the stock in the coming week can be 180 – 185 on lower side to 205 – 210 on upper side.

HDFC Bank Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (February 22, 2016 – February 26, 2016):

 

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on positive note gaining around 1.90%.

As we have mentioned last week that support for the stock lies in the zone of 950 to 960 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 920 to 930 where monthly trend-line support for the stock is lying. During the week the stock manages to hit a low of 959 and bounce to close the week around the levels of 990.

Support for the stock lies in the zone of 950 to 960 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 920 to 930 where monthly trend-line support for the stock is lying.

The stock has closed just above the channel support in which the stock is moving since April – 2015. The channel level for the stock is lying in the range of 980 to 990. If the stock manages to close above this levels then the stock can move to the levels of 1010 to 1020 from where the stock has broken down the short term bottom.

Broad range for the stock in the coming week can be 960 on lower side to 1010 on upper side.

Nifty Energy Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (February 22, 2016 – February 26, 2016):

 

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 3.70%.

As we have mentioned last week that resistance for the index lies in the zone of 7800 from 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 8100 to 8200 where 100 and 1000 Daily SMA is lying. During the week the index manages to hit a high of 7920 and close the week around the levels of 7792.

Minor support for the index lies in the zone of 7600. Support for the index lies in the zone of 7350 where the index has made a medium term bottom. If the index closes below this levels then the index can witness the free fall and no support is visible.

The index has closed around the strong resistance zone of 7800 from 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 8100 to 8200 where 100 and 1000 Daily SMA is lying.

Broad range for the index is seen between 7500 to 7550 on downside to 7900 to 7950 on upside.

Nifty Auto Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (February 22, 2016 – February 26, 2016):

 

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 5.10%.

As we have mentioned last week that resistance for the index lies in the zone of 7200 from where the index has broken down from the lows of Jan – 2016. If the index manages to close above this levels then the index can move to the levels of 7500 to 7600 where 500 Daily SMA is lying. During the week the index manages to hit a high of 7464 and close the week around the levels of 7436.

Support for the index lies in the zone of 7000 to 7100 where channel support for the index is lying. Minor support for the index lies in the zone of 6800 from where the index has bounced. If the index closes below this levels then the index can drift to the levels of 6500.

The index has closed around the strong resistance zone of 7500 to 7600 where 500 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8000 where 100 & 200 Daily SMA is lying.

Broad range for the index is seen from 7000 to 7100 on downside to 7550 to 7650 on upside.

Nifty Pharma Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (February 22, 2016 – February 26, 2016):

 

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on positive note gaining around 2.40%.

As we have mentioned last week that resistance for the index lies in the zone of 11500 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 11800 to 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 high of 11447 and close the week around the levels of 11343.

Support for the index lies in the zone of 11000 where channel support and 500 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 10300.

Resistance for the index lies in the zone of 11500 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 11800 to 12000 where a gap which was created by the index on 09/11/2015 are positioned.

Broad range for the index is seen from 10900 to 11000 on downside to 11500 to 11700 on upside.

Nifty FMCG Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (February 22, 2016 – February 26, 2016):

 

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 1.20%.

As we have mentioned last week that resistance 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 above this levels then the index can move to the levels of 19400 where 500 Daily SMA is lying. During the week the index manages to hit a high of 18621 and close the week around the levels of 18556.

The index has closed around the strong resistance 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 above this levels then the index can move to the levels of 19400 where 500 Daily SMA is lying.

Minor support for the index lies in the zone of 18200 to 18400. If the index manages close below this levels then the index can drift to the levels of 17200 to 17500 where 1000 Daily SMA and 200 Weekly SMA is lying.

Broad range for the index in the coming week is seen from 17700 on downside to 19000 on upside.

Nifty IT Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (February 22, 2016 – February 26, 2016):

 

NIFTY IT:

 

NIFTYIT

 

Nifty IT index ended the week on positive note gaining around 4.00%.

As we have mentioned last week that resistance for the index lies in the zone of 10600 to 10700 from where the index has broken down from the lows of Jan – 2016. If the index manages to close above this levels then the index can move to the levels of 10900 to 11000 where 500 Daily SMA and channel resistance for the index is lying. During the week the index manages to hit a high of 10791 and close the week around the levels of 10732.

Support for the index lies in the zone of 10400 from where the index has broken out in the month of August – 2014. If the index closes below this levels for couple of days then the index will be in a freefall and next support for the index lies in the zone of 9500.

The index has closed around the strong resistance zone of 10600 to 10700 from where the index has broken down from the lows of Jan – 2016. If the index manages to close above this levels then the index can move to the levels of 10900 to 11000 where 500 Daily SMA and channel resistance for the index is lying.

Broad range for the index in the coming week is seen from 10400 on downside to 10900 on upside.

Nifty Bank Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (February 22, 2016 – February 26, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 2.70%.

As we have mentioned last week that resistance for the index lies in the zone of 14500 to 14800 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 15200. During the week the index manages to hit a high of 14602 and close the week around the levels of 14345.

Major support for the index lies in the zone of 13500 to 13800 where 1000 Daily SMA, 200 Weekly SMA and trend-line joining earlier highs of 13300 (Nov – 2010) and 13400 (May – 2013) is lying. If the index closes below this levels on weekly closing basis then the index can witness the major breakdown on long term charts.

Resistance for the index lies in the zone of 14500 to 14800 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 15200.

Range for the week is seen from 13500 to 13600 on downside to 14500 to 14700 on upside.

Nifty Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for Nifty for week (February 22, 2016 – February 26, 2016):

 

NIFTY:

 

NSE Nifty

 

Nifty ended the week on positive note gaining around 3.20%.

As we have mentioned last week that resistance for the index lies in the zone of 7240 where the index has formed a previous bottom. If the index manages to close above this levels then the index can move to the levels of 7500 from where the index has broken down after making the double bottom. During the week the index manages to hit a high of 7227 and close the week around the levels of 7210.

Support for the index lies in the zone of 7000 where the index has formed a short term bottom. 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 7240 where the index has formed a previous bottom. If the index manages to close above this levels then the index can move to the levels of 7500 from where the index has broken down after making the double bottom.

The index is positioned around the trend-line support which is holding the index in every correction since February – 2015. If the index can hold this levels and if the global turmoil settles then the index can witness a significant bounce which can take the index to the levels of 8000.

Broad range for the week is seen from 7000 on downside to 7300 on upside.

Share Market Tips for – Friday, February 19, 2016

equitypandit_square

Market To Open Negative, Go Long At Dips and Short At Positive Rally

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that Indian Stock Market would see positive movement and traders, who went long a day before on EquityPandit’s advice at 14000 levels for BankNifty would get good chance to book huge profits and exactly same happened. EquityPandit also predicted that profits should be booked near 7225 levels for Nifty as it would see strong resistance near those levels and exactly same happened. Indian Stock Market opened gap positive and went further positive. Traders who were holding long positions might have earned huge profits for the day. Nifty saw strong resistance near EquityPandit’s predicted resistance levels of 7225 and fell down sharply and made intraday low. Finally, Market recovered by the end of the trading session and closed positive for the day.

Today: Indian Stock Market to open negative for the day. Technically, Indian Stock Market is still in positive zone but overall market sentiment is bearish. US Dow Jones is experiencing strong resistance at 16500 levels. once Dow Jones closes above 16500 levels, we would see some strength in Indian Stock Market. For now, Indian Stock Market would remain rangebound with bearish sentiments and trader is to go long at downfall and go short at positive movement. Nifty would enter into negative zone if it closes below 7010 levels. BankNifty, if closes below 13965 levels, it would enter into negative zone. Until then traders can go long near 14000 levels and short near 14400-14500 levels. FIIs were net buyers of Rs.418.64 crores after a long time whereas DIIs were net buyers of Rs.712.12 crores in last trading session. Nifty would see strong support at 7100-7058-6995-6868 whereas strong resistance would be seen at 7228-7240-7280-7323 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: (7192) The support for the Nifty is 7100-7058-6995-6868 and the resistance to the up move is at 7228-7240-7280-7323 levels.

NSE BankNifty: (14298) The support for BankNifty is at 14120-13969-13800 and the resistance to the up move is at 14322-14504-14588-14700 levels.

BSE Sensex: (23649) The support for the Sensex is at 23450-23312-23200-23020 and the resistance to the up move is at 23692-23759-23938 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, February 18, 2016

equitypandit_square

Market To Open Positive, Go Long Until Nifty Holds 6975 Levels By Closing 

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that we may again see some positive movement but overall market would be rangebound. EquityPandit also predicted that traders can go long near 14000 levels and short near 14600 levels as of now and exactly same happened. Indian Stock Market opened positive, then fell down and then saw a short covering again. Overall Market remained rangebound as per EquityPandit’s predictions. BankNifty closed right on EquityPandit’s predicted support levels of 14120 like a dot. Sensex also saw strong support exactly near EquityPandit’s predicted support levels of 23910 like a dot. Finally, Indian Stock Market closed positive for the day with some pressure on BankNifty.

Today: Indian Stock Market to open gap positive for the day. Technically, Indian Stock Market is still in positive zone. Oil rose sharply yesterday and thus the US Markets. Today, Indian Stock Market would see positive movement and traders, who might have gone long yesterday near 14000 levels as per EquityPandit’s suggestions might get good chance to book huge profits. Traders can hold long positions until Nifty Holds 6975 levels and BankNifty Holds 13965 levels by closing. Profits should be booked near 7225 levels for Nifty and around 14500-14600 levels for BankNifty. FIIs were net sellers of Rs.560 crores whereas DIIs were net buyers of Rs.384.53 crores in last trading session. Nifty would see strong support at 7100-7058-6995-6868 whereas strong resistance would be seen at 7205-7228-7280-7323 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: (7108) The support for the Nifty is 7100-7058-6995-6868 and the resistance to the up move is at 7205-7228-7280-7323 levels.

NSE BankNifty: (14120) The support for BankNifty is at 14120-13969-13800 and the resistance to the up move is at 14322-14504-14588-14700 levels.

BSE Sensex: (23382) The support for the Sensex is at 23200-23020-22910-22800 and the resistance to the up move is at 23475-23600-23759 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, February 17, 2016

equitypandit_square

Market To Open Positive But Would Remain Rangebound for Few Days 

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that market may see some further positive rally but it would not last long. EquityPandit also predicted that overall market is bearish and exactly same happened. Indian Stock Market opened gap positive but as predicted by EquityPandit that it would not last long, Market fell down sharply. BankNifty saw highs near EquityPandit’s predicted resistance levels of 14588 and fell down sharply and saw strong support near EquityPandit’s predicted support levels of 14120. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market to open positive for the day. Technically, Indian Stock Market is still in positive zone. Today, again some positive movement would be seen but traders should note that there is nothing that has been changed in economy across the globe and market is overall bearish. This positive movement is just a reaction. Traders can keep buying at dips in BankNifty and short at higher levels until it is in Positive zone. Long should be done around 14000 levels for BankNifty and shorts can be done around 14500-14600 levels. Once any of these levels are taken off by closing, traders need to change the strategy. FIIs were net sellers of Rs.964.19 crores whereas DIIs were net buyers of Rs.590.73 crores in last trading session. Nifty would see strong support at 7056-7000-6868-6820 whereas strong resistance would be seen at 7200-7228-7280-7325 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: (7048) The support for the Nifty is 7000-6868-6820 and the resistance to the up move is at 7165-7205-7228-7280 levels.

NSE BankNifty: (14166) The support for BankNifty is at 14120-13969-13800 and the resistance to the up move is at 14322-14504-14588-14700 levels.

BSE Sensex: (23192) The support for the Sensex is at 23020-22910-22800-22736 and the resistance to the up move is at 23345-23475-23600-23759 levels.

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Share Market Tips for – Tuesday, February 16, 2016

equitypandit_square

Market Entered Positive Zone But It’s Just A Temporary Reaction Of the Downfall

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that Indian Stock Market would see a sharp bounceback and would enter into positive zone once it breaches 14180 levels for BankNifty and exactly same happened. Indian Stock Market breached 14180 levels for BankNifty in early trade and saw a sharp positive rally. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive.

Today: Indian Stock Market to open positive for the day. Technically, Indian Stock Market has entered into positive zone for very short term. Market may see some further positive rally but it would not last long. Overall Market is bearish but for now, traders can hold long positions for some instant profits as market is currently in short-covering mode. FIIs were net sellers of Rs.1311.59 crores whereas DIIs were net buyers of Rs.1987.45 crores in last trading session. Nifty would see strong support at 7056-7000-6868-6820 whereas strong resistance would be seen at 7200-7228-7280-7325 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: (7163) The support for the Nifty is 7056-7000-6868-6820 and the resistance to the up move is at 7200-7228-7280-7325 levels.

NSE BankNifty: (14445) The support for BankNifty is at 14406-14336-14220-14120 and the resistance to the up move is at 14588-14700-14825-14990 levels.

BSE Sensex: (23554) The support for the Sensex is at 23416-23350-23195-23020 and the resistance to the up move is at 23600-23759-23840-23950 levels.

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Share Market Tips for – Monday, February 15, 2016

equitypandit_square

Market Would See Positive Bounceback, Go Long If BankNifty Closes Above 14180

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that Market would see a bounce back and traders can go short at every positive rally and exactly same happened. Market opened gap positive but fell down sharply as predicted by EquityPandit. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. BankNifty also saw strong support exactly near EquityPandit’s predicted support levels of 13800 like a dot. Finally, Indian Stock Market saw a bounce back from EquityPandit’s predicted support levels and closed almost flat for the day.

Today: Indian Stock Market to open gap positive for the day. Technically, Indian Stock Market is still in positive zone. Nifty possess strong support at 6820 and there are strong chances that it sees some sharp bounceback before breaching those levels. Traders should wait for Market to see a bounceback (Positive Rally) and then can go short at those levels but should take care that BankNifty would enter into positive zone once it closes above 14180 levels. Traders should initiate fresh long positions in BankNifty, if it closes above 14180 levels. FIIs were net sellers of Rs.398.37 crores whereas DIIs were net buyers of Rs.545.07 crores in last trading session. Nifty would see strong support at 6869-6820-6700 whereas strong resistance would be seen at 7090-7200 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: Titagarh Wagons.

NSE Nifty: (6981) The support for the Nifty is 6869-6820-6700 and the resistance to the up move is at 7090-7200 levels.

NSE BankNifty: (13971) The support for BankNifty is at 13800-13660-13500-13200 and the resistance to the up move is at 14208-14323-14475-14530 levels.

BSE Sensex: (22986) The support for the Sensex is at 22780-22600-22440-22312 and the resistance to the up move is at 23204-23335-23510 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 (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for Colgate Palmoilve for the week (February 15, 2016 – February 19, 2016):

 

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on negative note losing around 2.00%.

As we have mentioned last week that support for the stock lies in the zone of 825 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 800. During the week the stock manages to hit a low of 812 and close the week around the levels of 835.

Support for the stock lies in the zone of 800 to 810 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 760 to 770 where 1000 Daily SMA and 200 Weekly SMA is lying.

Resistance for the stock lies in the zone of 860 to 870 from where the stock has broken down. If the stock manages to close above this levels then the stock can move to the levels of 880 to 890 where 500 Daily SMA and 100 Weekly SMA is lying.

Broad range for the stock is seen between 800 to 810 on lower end and 850 to 860 on upper end.

Dabur Outlook for the Week (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for DABUR for the week (February 15, 2016 – February 19, 2016):

 

DABUR:

 

DABUR

 

Dabur closed the week on negative note losing around 1.40%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 237 and bounce to close the week around the levels of 248.

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 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (February 15, 2016 – February 19, 2016):

 

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever 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 815 to 820 where short term moving averages and 100 Daily SMA is lying. If the stock closes below this levels then the stock can drift to the levels of 800 from where the stock has broken the short term double bottom formation. During the week the stock manages to hit a low of 791 and close the week around the levels of 813.

Stock has closed around the support zone of 815 where 100 Daily SMA is lying. If the stock closes below this levels then the stock can drift to the levels of 770 where 500 Daily SMA is lying.

Stock has closed around the resistance zone of 815 where 100 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 840 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 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for ITC for the week (February 15, 2016 – February 19, 2016):

 

ITC:

 

ITC

 

ITC closed the week on negative note losing around 7.40%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 297 and close the week around the levels of 300.

Support for the stock lies in the zone of 290 to 295 where the stock had made a medium term bottom. If the stock manages to close below this levels on weekly basis then the stock will break down from the major support channel in which the stock is moving since August – 2013. A close below this levels can trigger a freefall in the stock and no major support is visible and stock can drift to the levels of 270.

Resistance for the stock lies in the zone of 310 to 315 where 1000 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 325 to 330 where 100 & 200 Daily SMA are lying.

Broad range for the stock in coming week is seen between 285 to 290 on downside and 315 to 320 on upside.

Cipla Outlook for the Week (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for Cipla for the week (February 15, 2016 – February 19, 2016):

 

CIPLA:

 

CIPLA

 

CIPLA closed the week on negative note losing around 7.30%.

As we have mentioned last week that resistance for the stock lies in the zone 580 where 500 Daily SMA is lying. If the stock closes above this levels then the stock can move to the levels of 600 from where the stock has broken down from the short term bottom. During the week the stock manages to hit a high of 575 and sold off to close the week around the levels of 528.

Minor support for the stock is lying around the levels of 517. If the stock manages to close below this levels then the stock can drift to the levels of 480 where 1000 Daily SMA and 200 Weekly SMA is lying.

Resistance for the stock lies in the zone of 540 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 580 where 500 Daily SMA is lying.

Broad range for the stock is seen in the range of 500 – 505 on downside to 545 – 550 on upside.

Dr. Reddy Outlook for the Week (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (February 15, 2016 – February 19, 2016):

 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 8.50%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 2825 and close the week around the levels of 2847.

Support for the stock lies in the zone of 2750 where the stock has formed a short term bottom. If the stock manages to close below this levels then the stock can drift to the levels of 2600 to 2630 where 1000 Daily SMA and 200 Weekly SMA is lying.

Resistance for the stock lies in the zone of 3000 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 3150 to 3200 from where the stock has formed a double top pattern and also 500 Daily SMA is lying.

Broad range for the stock is seen from 2730 – 2750 on downside to 3100 – 3150 on upside.

Lupin Outlook for the Week (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for Lupin for the week (February 15, 2016 – February 19, 2016):

 

LUPIN:

 

LUPIN

 

 

Lupin closed the week on negative note losing around 2.60%.

As we have mentioned last week that support for the stock lies in the zone of 1750 where short term moving averages are lying. If the stock closes below this levels then the stock can drift to the levels of 1600 to 1650 where channel support for the stock is lying. During the week the stock manages to hit a low of 1725 and close the week around the levels of 1756.

Support for the stock lies in the zone of 1730 to 1750 where short term moving averages and from where the stock has broken out after 2 weeks of consolidation is lying. If the stock closes below this levels then the stock can drift to the levels of 1600 to 1650 where channel support for the stock is lying.

Stock has closed around the resistance zone of 1820 where 200 Daily SMA is lying. If the stock closes above this levels then the stock can move to the levels of 1850 where 100 Daily SMA is lying.

Broad range for the stock is seen from 1700 – 1720 on downside to 1820 – 1850 on upside.

Sun Pharma Outlook for the Week (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (February 15, 2016 – February 19, 2016):

 

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on negative note losing around 1.20%.

As we have mentioned last week that support for the stock lies in the zone of 820 where 100 Daily SMA and 100 Weekly SMA is lying. If the stock closes below this levels then the stock can drift to the levels of 800 where 500 Daily SMA is positioned. During the week the stock manages to hit a low of 802 and bounce to close the week around the levels of 847.

Support for the stock lies in the zone of 820 where 100 Daily SMA and 100 Weekly SMA is lying. If the stock closes below this levels then the stock can drift to the levels of 800 where 500 Daily SMA is positioned.

Stock has closed around the resistance zone of 850 where 200 Daily SMA is lying. If the stock closes above this levels then the stock can move to the levels 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 810 – 820 on lower side to 870 – 880 on upper side.

Wipro Outlook for the Week (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for Wipro for the week (February 15, 2016 – February 19, 2016):

 

WIPRO:

 

WIPRO

 

Wipro closed the week on negative note losing around 7.30%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 508 and close the week around the levels of 517.

Support for the stock lies in the zone of 490 to 500 where 1000 Daily SMA and 200 Weekly SMA is lying. If the stock manages to close below this levels then the stock can witness a freefall and the stock can move to the levels of 450.

Resistance for the stock lies in the zone of 530 to 540 from where the stock has broken down from the short term bottom and the gap which was created on 09-02-2016. If the stock closes above 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 490 to 500 on downside to 540 to 550 on upside.

HCL Tech Outlook for the Week (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for HCL Tech for the week (February 15, 2016 – February 19, 2016):

 

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on negative note losing around 8.20%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 784 and close the week around the levels of 798.

The stock has closed around the strong support zone of 780 where trend-line joining earlier lows is lying. If the stock manages to close below this levels then the stock can drift to the levels of 720 to 730 where the stock has formed a bottom in the month of December – 2014.

Resistance for the stock lies in the zone of 830 to 840 where short term moving averages and 500 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 865 where 100 Daily SMA is lying.

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

TCS Outlook for the Week (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for TCS for the week (February 15, 2016 – February 19, 2016):

 

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on negative note losing around 8.00%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 2412 and sold off to close the week around the levels of 2226.

The stock has closed just below the strong support zone of 2250 from where the stock has broken out of the consolidation range in the month of June – 2014. If the stock does not manages to close above this levels then the stock can drift to the levels of 2000 where 1000 Daily SMA and 200 Weekly SMA is lying.

The stock has closed around the resistance zone of 2250 from where the stock has broken out of the consolidation range in the month of June – 2014. If the stock manages to close above this levels then the stock can move to the levels of 2330 to 2350 where the stock has created the gap on 09-02-2016.

Broad range for the stock in the coming week is seen between 2100 to 2150 on downside to 2300 to 2350 on upside.

Infosys Outlook for the Week (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for Infosys for the week (February 15, 2016 – February 19, 2016):

 

INFOSYS:

 

INFY

 

INFY closed the week on negative note losing around 8.00%.

As we have mentioned last week that the support for the stock lies in the zone of 1140 to 1150 where upper end of the channel support for the stock is positioned. If the stock closes below this levels then the stock can drift to the levels of 1100 where 100 Daily SMA is lying. During the week the stock manages to hit a low of 1067 and close the week around the levels of 1085.

Support for the stock lies in the zone of 1060 to 1070 where 200 Daily SMA and channel support for the stock is lying. If the stock manages to close below this levels then the stock can drift to the levels of 980 to 1000 where 500 Daily SMA and 100 Weekly SMA is lying.

Resistance for the stock lies in the zone of 1100 to 1110 where short term moving averages and 100 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 1130 where the stock has created the gap on 09-02-2016.

Broad range for the stock in the coming week is seen between 1050 to 1060 on downside to 1110 to 1120 on upside.

SBI Outlook for the Week (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for SBI for the week (February 15, 2016 – February 19, 2016):

 

STATE BANK OF INDIA:

 

SBIN

 

SBIN closed the week on negative note losing around 8.00%.

As we have mentioned last week that support for the stock lies in the zone of 160 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 150 where monthly trend-line support for the stock is positioned. During the week the stock manages to hit a low of 148 and close the week around the levels of 155.

Support for the stock lies in the zone of 150 where monthly trend-line support for the stock is positioned. If the stock closes below this levels on weekly basis then the stock can witness the further freefall and next support for the stock lies in the zone of 130 where 200 Monthly SMA is lying.

Resistance for the stock lies in the zone of 160 to 165 from where the stock has broken down the short term bottom. If the stock manages to close above this levels then the stock can move to the levels of 175 to 180 where trend-line joining lows of March – 2009 and February – 2014 is lying.

Broad range for the stock in the coming week can be 145 on lower side to 165 on upper side.

Axis Bank Outlook for the Week (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for Axis Bank for the week (February 15, 2016 – February 19, 2016):

 

AXIS BANK:

 

AXISBANK

 

Axis Bank 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 365 to 375 where the stock has formed a double bottom. 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. During the week the stock manages to hit a low of 373 and bounce to close the week around the levels of 391.

Support for the stock lies in the zone of 365 to 375 where the stock has formed a double bottom. 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 410 to 415 where trend-line joining recent highs is lying. If the stock manages to close 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 370 – 375 on lower side to 410 – 415 on upper side.

ICICI Bank Outlook for the Week (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (February 15, 2016 – February 19, 2016):

 

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on negative note losing around 8.00%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 190 and close the week around the levels of 194.

Support for the stock lies in the zone 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. If the stock manages to close below this levels then the stock can drift to the levels of 150 where the stock has made a bottom in the month of August – 2013 and rallied.

Resistance for the stock lies in the zone of 200 to 205 where 500 Weekly SMA and 100 Monthly SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 215 to 220 from where the stock has broken down the lows of Jan – 2016.

Broad range for the stock in the coming week can be 180 – 185 on lower side to 205 – 210 on upper side.

HDFC Bank Outlook for the Week (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (February 15, 2016 – February 19, 2016):

 

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on negative note losing around 8.00%.

As we have mentioned last week that minor support for the stock lies in the zone of 1040. 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. During the week the stock manages to hit a low of 966 and close the week around the levels of 971.

Support for the stock lies in the zone of 950 to 960 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 920 to 930 where monthly trend-line support for the stock is lying.

The stock has closed just below the channel support in which the stock is moving since April – 2015. The channel level for the stock is lying in the range of 980. If the stock manages to close above this levels then the stock can move to the levels of 1010 to 1020 from where the stock has broken down the short term bottom.

Broad range for the stock in the coming week can be 950 on lower side to 1000 on upper side.

Nifty Energy Outlook for the Week (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (February 15, 2016 – February 19, 2016):

 

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed 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 7800 from where the index has broken out on 06/10/2015. If the index closes below this levels then the index can drift to the levels of 7350 where the index has made a medium term bottom. During the week the index manages to hit a low of 7378 and close the week around the levels of 7500.

Support for the index lies in the zone of 7350 where the index has made a medium term bottom. If the index closes below this levels then the index can witness the free fall and no support is visible.

Resistance for the index lies in the zone of 7800 from 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 8100 to 8200 where 100 and 1000 Daily SMA is lying.

Broad range for the index is seen between 7200 to 7250 on downside to 7800 to 7850 on upside.

Nifty Auto Outlook for the Week (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (February 15, 2016 – February 19, 2016):

 

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 5.80%.

As we have mentioned last week that resistance for the index lies in the zone of 7600 to 7700 where 500 Daily SMA and 100 Weekly SMA is lying. If the index closes above this levels 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 7557 and sold off to close the week around the levels of 7063.

The index has closed around the support zone of 7000 where channel support for the index is lying. Minor support for the index lies in the zone of 6800 from where the index has bounced. If the index closes below this levels then the index can drift to the levels of 6500.

Resistance for the index lies in the zone of 7200 from where the index has broken down from the lows of Jan – 2016. If the index manages to close above this levels then the index can move to the levels of 7500 to 7600 where 500 Daily SMA is lying.

Broad range for the index is seen from 6700 to 6800 on downside to 7200 to 7300 on upside.

Nifty Pharma Outlook for the Week (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (February 15, 2016 – February 19, 2016):

 

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 5.20%.

As we have mentioned last week that 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. During the week the index manages to hit a low of 10810 and bounce to close the week around the levels of 11050.

The index has closed around the support zone of 11000 where channel support and 500 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 10300.

Resistance for the index lies in the zone of 11500 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 11800 to 12000 where a gap which was created by the index on 09/11/2015 are positioned.

Broad range for the index is seen from 10500 to 10700 on downside to 11500 to 11700 on upside.

Nifty FMCG Outlook for the Week (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (February 15, 2016 – February 19, 2016):

 

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed 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 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. During the week the index manages to hit a low of 18183 and close the week around the levels of 18331.

Resistance 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 above this levels then the index can move to the levels of 19400 where 500 Daily SMA is lying.

The index has closed around the support zone of 18200 to 18400 where short term bottom has been placed. If the index manages close below this levels then the index can drift to the levels of 17200 to 17500 where 1000 Daily SMA and 200 Weekly SMA is lying.

Broad range for the index in the coming week is seen from 17500 on downside to 19500 on upside.

Nifty IT Outlook for the Week (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (February 15, 2016 – February 19, 2016):

 

NIFTY IT:

 

NIFTYIT

 

Nifty IT index ended the week on negative note losing around 8.00%.

As we have mentioned last week that 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. During the week the index manages to hit a low of 10157 and close the week around the levels of 10326.

The index has closed around the support zone of 10400 from where the index has broken out in the month of August – 2014. If the index closes below this levels for couple of days then the index will be in a freefall and next support for the index lies in the zone of 9500.

Resistance for the index lies in the zone of 10600 to 10700 from where the index has broken down from the lows of Jan – 2016. If the index manages to close above this levels then the index can move to the levels of 10900 to 11000 where 500 Daily SMA and channel resistance for the index is lying.

Broad range for the index in the coming week is seen from 10000 on downside to 10600 on upside.

Nifty Bank Outlook for the Week (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (February 15, 2016 – February 19, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on negative note losing around 8.20%.

As we have mentioned last week that 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. During the week the index manages to hit a low of 13810 and close around the levels of 13920.

Major support for the index lies in the zone of 13500 to 13800 where 1000 Daily SMA, 200 Weekly SMA and trend-line joining earlier highs of 13300 (Nov – 2010) and 13400 (May – 2013) is lying. If the index closes below this levels on weekly closing basis then the index can witness the major breakdown on long term charts.

Resistance for the index lies in the zone of 14500 to 14800 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 15200.

Range for the week is seen from 13500 to 13600 on downside to 14500 to 14700 on upside.

Nifty Outlook for the Week (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for Nifty for week (February 15, 2016 – February 19, 2016):

 

NIFTY:

 

NSE Nifty

 

Nifty 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 7100 to 7200 where the lower end of the channel is positioned. 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 6869 and close around the levels of 6970.

Support for the index lies in the zone of 6700 where 1000 Daily SMA and 200 Weekly SMA are positioned. If the index manages to close below this levels then the index can drift to the levels of 6350 from where the index has broken out.

Resistance for the index lies in the zone of 7240 where the index has formed a previous bottom. If the index manages to close above this levels then the index can move to the levels of 7500 from where the index has broken down after making the double bottom.

The index is positioned around the trend-line support which is holding the index in every correction since February – 2015. If the index can hold this levels and if the global turmoil settles then the index can witness a significant bounce which can take the index to the levels of 8000.

Broad range for the week is seen from 6700 on downside to 7200 on upside.

Share Market Tips for – Friday, February 12, 2016

equitypandit_square

Market May Open Positive But Go Short At Every Positive Movement

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that Indian Stock Market would see new lows again and traders should continue shorting at every point. EquityPandit also predicted that BankNifty, if remained below 14600 levels then it would see further breakdown and levels near 13900 would be seen and exactly same happened. Indian Stock Market fell down sharply. BankNifty saw lows near EquityPandit’s predicted targets of 13900 with whooping 600 points negative movement in a single day. Traders who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market to open positive for the day on the account of some bounceback reaction after a big downfall. But traders should short at every positive movement in the market. Now, Next support would exist on 6800 for Nifty whereas resistance would be seen at 7200 levels hence traders should continue to hold short positions until 7200 is breached in positive direction. Overall, Indian Stock Market is negative and it would continue to see further downfall in cyclic manner. Few Large Companies Like Apollo Hospitals, BPCL, Canara Bank, HPCL, IOC, M&M, Nestle India, NMDC, Oil India and Sun Pharma would disclose their Q3 Results today and hence it would decide Indian Stock Market direction for today. FIIs were net sellers of Rs.1112.66 crores whereas DIIs were net buyers of Rs.1222.12 crores in last trading session. Nifty would see strong support at 6820-6700 whereas strong resistance would be seen at 7090-7200 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Where Nifty is Headed Now? Read It.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results to be disclosed today: Adani Power, Alok Industries, Andhra Bank, Apollo Hospitals, BPCL, Bhushan Steel, Canara Bank, CEAT, Corporation Bank, Godrej Industries, GVK Power, HPCL, HMT, IDBI Bank, IFCI, IOC, MTNL, M&M, Manappuram Finance, MRPL, Nestle India, NMDC, Oil India, Punj Lloyd, Rolta India, SKF India, Sun Pharma, Sun TV and Suven Life Sciences.

NSE Nifty: (6976) The support for the Nifty is 6820-6700 and the resistance to the up move is at 7090-7200 levels.

NSE BankNifty: (14029) The support for BankNifty is at 13800-13660-13500-13200 and the resistance to the up move is at 14208-14323-14475 levels.

BSE Sensex: (22952) The support for the Sensex is at 22780-22656-22440-22312 and the resistance to the up move is at 23204-23335-23510 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, February 11, 2016

equitypandit_square

Market Would Continue To See New Lows, Hold Short Positions

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that Indian Stock Market would see 52 weeks low and traders should continue to hold short positions for now and exactly same happened. Indian Stock Market, including Nifty, BankNifty and Sensex moved sharply negative and all of them saw 52 weeks lows as predicted by EquityPandit. 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.

Today: Indian Stock Market to open gap negative for the day. Technically, Indian Stock Market is still in negative zone and the trade is to hold short positions for now. Some Positive reaction can be seen in the market but Every positive movement would just be a temporary short covering rally and it would be an opportunity for traders to again go short in the market. Last support for Nifty is 7114 levels, which if broken, then a further sharp breakdown would be seen in the market. Today, If BankNifty managed to close below 14600 levels again then we would see further breakdown in BankNifty that may take it to around 13900 or even lower levels in days to come. Overall, Indian Stock Market is negative and it would continue to see further downfall in cyclic manner.Few Large Cap Giant Like SBI, Hero Motocorp, BHEL, Tata Motors, Coal India and ONGC would disclose their Q3 Results today and hence it would decide Indian Stock Market direction for today. FIIs were net sellers of Rs.751.33 crores whereas DIIs were net buyers of Rs.196.92 crores in last trading session. Nifty would see strong support at 7150-7114-7000 whereas strong resistance would be seen at 7270-7324-7388 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Where Nifty is Headed Now? Read It.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results to be disclosed today: Amtek Auto, Ashok Leyland, Bank Of India, BEML, BHEL, Chennai Petro, City Union Bank, Coal India, Hero Motocorp, ICRA, IL&FS Transportation, Indian Bank, Indraprastha Gas ltd, JP Power, J&K Bank, Jubiliant Foodworks, Natco Pharma, National Aluminium Company, NCC, Novartis India, ONGC, Oriental Bank Of Commerce, Page Industries, SREI Infra, SBI, Tata Motors, Tata Motors DVR, Union Bank Of India, Unitech, United Bank Of India, Voltas and Wockhardt.

NSE Nifty: (7216) The support for the Nifty is 7150-7114-7000 and the resistance to the up move is at 7270-7324-7388 levels.

NSE BankNifty: (14588) The support for BankNifty is at 14500-14406-14336-14200 and the resistance to the up move is at 14700-14825-14990-15200 levels.

BSE Sensex: (23759) The support for the Sensex is at 23600-23540-23416-23350 and the resistance to the up move is at 23840-23950-24112-24290 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, February 10, 2016

equitypandit_square

Market Ready to See New 52 Weeks Low, Hold Short Positions For Now

 

Last Trading Session: As predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that Indian Stock Market would see further downfall today and traders should hold short positions as of now and exactly same happened. Indian Stock Market fell down sharply and traders who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market to open gap negative. Technically, Indian Stock Market is still in negative zone. All Stocks and indices are experiencing support at their last support levels. Once any one of them breaches their last support, big negative momentum would be seen and Nifty and BankNifty would see new 52 weeks low with a sharp breakdown. Traders should continue to hold short positions as of now. Few Large Companies would disclose its Q3 Results today and hence it would decide Indian Stock Market direction for today. FIIs were net sellers of Rs.680.7 crores whereas DIIs were net sellers of Rs.174.14 crores in last trading session. Nifty would see strong support at 7241-7224-7200-7114 whereas strong resistance would be seen at 7324-7388-7420-7475 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Where Nifty is Headed Now? Read It.

 

Click Here to Check the Trend Of Major Indices and Stocks

Important Results to be disclosed today: ACC Ltd, Alstom T&D, Abmuja Cements, Bajaj Electricals Ltd, Bank Of Maharashtra, Bata India, Blue Dart, Capital First, Cipla, Engineers India, Finolex Cables, Glaxosmithkline Pharma, India Cements, Indian Overseas Bank, Kalpataru Power Transmission, NBCC, NHPC, Oracle Financial Services, Petronet LNG, REC, Shipping Corporation Of India, Tata Chemicals, Tata Global Beverages and Wonderla Holidays.

NSE Nifty: (7298) The support for the Nifty is 7241-7224-7200-7114 and the resistance to the up move is at 7324-7388-7420-7475 levels.

NSE BankNifty: (14875) The support for BankNifty is at 14825-14700-14621-14500 and the resistance to the up move is at 14990-15200-15380-15520 levels.

BSE Sensex: (24021) The support for the Sensex is at 23950-23840-23729-23600 and the resistance to the up move is at 24112-24290-24435-24495 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, February 09, 2016

equitypandit_square

Market Would See Further Downfall Today, Hold Short Positions As Of Now

 

Last Trading Session: As predicted by EquityPandit, Indian Stock Market opened negative for the day. Market moved sharply positive but as EquityPandit predicted that If Nifty doesn’t closes above 7505 levels and BankNifty doesn’t closes above 15200 levels then traders should continue to hold short positions and exactly same happened. Nifty was not able to hold 7505 levels and fell down sharply. Nifty saw lows right at EquityPandit’s predicted support levels of 7367 like a dot. BankNifty also saw strong resistance at EquityPandit’s predicted resistance levels of 15380 and fell down sharply. Traders who followed EquityPandit’s advice might have earned good profits for the day and would continue to earn more profits today as Market would see further downfall today. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market to open gap negative. Technically, Indian Stock Market is still in negative zone. Nifty was not able to close above 7505 levels yesterday and hence it would see further downfall as of now. Now, if Nifty breaches 7350 levels then it would weaken further and may see new 52 weeks low. Traders should continue to hold short positions as of now. Overall Global Markets are generating bearish pattern and once it is confirmed then we would see sharp breakdown in all global markets including Indian Stock Market. So, trade short with strict stoploss of 7505 levels for Nifty. Few Large Companies would disclose its Q3 Results today and hence it would decide Indian Stock Market direction for today. FIIs were net sellers of Rs.84.56 crores whereas DIIs were net buyers of 279.49 crores in last trading session. Nifty would see strong support at 7330-7302-7224-7200 whereas strong resistance would be seen at 7420-7475-7507-7567 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: Allahabad Bank, Apollo Tyres, Aurobindo Pharma, Bharat Forge, Britannia Industries, Central Bank Of India, CESC, CRISIL, Dena Bank, Dr. Reddy Laboratories, Eros International Media, GAIL, Gujarat Flurochemicals, GMDC, Hindalco, Mangalore Refinery, MOIL, Motherson Sumi, NESCO, Omaxe, PFC, Prestige Estate, Shree Renuka Sugars, Sonata Software, SAIL and Timkien India.

NSE Nifty: (7387) The support for the Nifty is 7330-7302-7224-7200 and the resistance to the up move is at 7420-7475-7507-7567 levels.

NSE BankNifty: (15047) The support for BankNifty is at 14920-14825-14700-14621 and the resistance to the up move is at 15200-15380-15520-15600 levels.

BSE Sensex: (24287) The support for the Sensex is at 24187-24060-23950-23840 and the resistance to the up move is at 24435-24495-24600-24660 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, February 08, 2016

equitypandit_square

Initiate Long Positions Only If Nifty Closes Above 7505 Levels, Until Then Hold Short Positions

 

 

Last Trading Session: Indian Stock Market opened positive for the day. Market moved sharply positive and saw highs near 7504 levels for Nifty. BankNifty also closed above 15000 levels. Finally, Market settled gap positive for the day.

Today: Indian Stock Market to open negative. Technically, Indian Stock Market is in negative zone. Market closed just near reversal levels. Nifty would enter into positive zone if it closes above 7505 levels whereas BankNifty would enter into positive zone once it closes above 15200 levels. Now it would be interesting to see whether market enters into positive zone or again fell down. Global Market are not supporting and they may take Indian Stock Market in deep negative. So, traders should continue to hold short positions as of now with strict stoploss of 7505 levels for Nifty and 15200 levels for BankNifty by Closing but once market closes above these levels then traders can initiate fresh long positions. FIIs were net sellers of Rs.606.83 crores whereas DIIs were net buyers of 760.02 crores in last trading session. Nifty would see strong support at 7400-7367-7224-7200 whereas strong resistance would be seen at 7505-7606-7663 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: Balrampur chini, BBTC, Bombay Dyeing, Geometric Ltd, GlaxoSmithkline Gonsumer Healthcare, Gujarat Gas, Inox Wind, IPCA Laboratories, JK tyre, Monsanto, Piramal, Polaris, PTC India, SRF Ltd and TV Today.

NSE Nifty: (7489) The support for the Nifty is 7400-7367-7224-7200 and the resistance to the up move is at 7505-7606-7663 levels.

NSE BankNifty: (15162) The support for BankNifty is at 14920-14825-14700-14621 and the resistance to the up move is at 15200-15380-15520-15600 levels.

BSE Sensex: (24617) The support for the Sensex is at 24488-24380-24206 and the resistance to the up move is at 24660-24786-24915-24988 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 (February 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for Colgate Palmoilve for the week (February 08, 2016 – February 12, 2016):

 

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive 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 850 to 860 where channel support for the stock is lying. During the week the stock manages to hit a low of 825 and bounce to close the week around the levels of 852.

Support for the stock lies in the zone of 825 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 800.

Resistance for the stock lies in the zone of 880 to 890 where 500 Daily SMA 100 Weekly SMA is lying. If the stock closes above this levels then the stock can move to the levels of 900 from where the stock has broken down from the double bottom pattern.

Broad range for the stock is seen between 825 to 830 on lower end and 880 to 890 on upper end.

Dabur Outlook for the Week (February 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for DABUR for the week (February 08, 2016 – February 12, 2016):

 

DABUR:

 

DABUR

 

Dabur closed the week on absolutely flat note.

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 252 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 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (February 08, 2016 – February 12, 2016):

 

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on positive note gaining around 3.30%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 855 and close the week around the levels of 844.

Support for the stock lies in the zone of 815 to 820 where short term moving averages and 100 Daily SMA is lying. If the stock closes below this levels then the stock can drift to the levels of 800 from where the stock has broken the short term double bottom formation.

Stock has closed around the resistance zone of 850 where 200 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 880 where trend-line joining earlier highs is positioned.

Broad range for the stock in coming week is seen between 815 to 820 on downside and 870 to 880 on upside.

ITC Outlook for the Week (February 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for ITC for the week (February 08, 2016 – February 12, 2016):

 

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 1.10%.

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 324.

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 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for Cipla for the week (February 08, 2016 – February 12, 2016):

 

CIPLA:

 

CIPLA

 

CIPLA closed the week on negative note losing around 2.20%.

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 540 and close the week around the levels of 572.

Minor support for the stock lies in the zone of 560. If the stock closes below this levels then the stock can drift to the levels of 540 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone 580 where 500 Daily SMA is lying. If the stock closes above this levels then the stock can move to the levels of 600 from where the stock has broken down from the short term bottom.

Broad range for the stock is seen in the range of 540 – 545 on downside to 585 – 590 on upside.

Dr. Reddy Outlook for the Week (February 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (February 08, 2016 – February 12, 2016):

 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on absolutely flat note.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 2970 and bounce to 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 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for Lupin for the week (February 08, 2016 – February 12, 2016):

 

LUPIN:

 

LUPIN

 

Lupin closed the week on positive note gaining around 6.20%.

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 1603 and bounce to close the week around the levels of 1817.

Support for the stock lies in the zone of 1750 where short term moving averages are lying. If the stock closes below this levels then the stock can drift to the levels of 1600 to 1650 where channel support for the stock is lying.

Stock has closed around the resistance zone of 1820 where 200 Daily SMA is lying. If the stock closes above this levels then the stock can move to the levels of 1850 where 100 Daily SMA is lying.

Broad range for the stock is seen from 1720 – 1750 on downside to 1850 – 1870 on upside.

Sun Pharma Outlook for the Week (February 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (February 08, 2016 – February 12, 2016):

 

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on negative note losing around 1.70%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 818 and bounce to close the week around the levels of 858.

Support for the stock lies in the zone of 820 where 100 Daily SMA and 100 Weekly SMA is lying. If the stock closes below this levels then the stock can drift to the levels of 800 where 500 Daily SMA is positioned.

Stock has closed around the resistance zone of 850 where 200 Daily SMA is lying. If the stock closes above this levels then the stock can move to the levels 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 820 – 825 on lower side to 900 – 910 on upper side.

Wipro Outlook for the Week (February 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for Wipro for the week (February 08, 2016 – February 12, 2016):

 

WIPRO:

 

WIPRO

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a high of 574 and close the week around the levels of 559.

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 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for HCL Tech for the week (February 08, 2016 – February 12, 2016):

 

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on absolutely flat note.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 849 and bounce to close the week around the levels of 868.

Support for the stock lies in the zone of 840 to 850 where short term moving averages, 500 Daily SMA and 100 Weekly SMA 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 865 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 850 to 855 on downside to 890 to 900 on upside.

TCS Outlook for the Week (February 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for TCS for the week (February 08, 2016 – February 12, 2016):

 

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS 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 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. During the week the stock manages to hit a high of 2440 and close the week around the levels of 2422.

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.

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 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for Infosys for the week (February 08, 2016 – February 12, 2016):

 

INFOSYS:

 

INFY

 

INFY closed the week on positive note gaining around 1.00%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 1195 and close the week around the levels of 1177.

Support for the stock lies in the zone of 1140 to 1150 where upper end of the channel support for the stock is positioned. If the stock closes below this levels then the stock can drift to the levels of 1100 where 100 Daily SMA is lying.

Resistance for the stock lies in the zone of 1200 where trend-line joining earlier highs is lying. If the stock manages to close above this levels then the stock can move to the levels of 1220 where lies the life time high for the stock.

Broad range for the stock in the coming week is seen between 1140 to 1150 on downside to 1200 to 1220 on upside.

SBI Outlook for the Week (February 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for SBI for the week (February 08, 2016 – February 12, 2016):

 

STATE BANK OF INDIA:

 

SBIN

 

State Bank Of India (NSE: SBIN) closed the week on negative note losing around 6.00%.

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 160 and close the week around the levels of 169.

Support for the stock lies in the zone of 160 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 150 where monthly trend-line support for the stock is positioned.

Resistance for the stock lies in the zone of 175 to 180 where trend-line joining lows of March – 2009 and February – 2014 is lying. If the stock manages to close above this levels then the stock can move to the levels of 190 from where the stock has sold off.

Broad range for the stock in the coming week can be 155 – 160 on lower side to 175 – 180 on upper side.

Axis Bank Outlook for the Week (February 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for Axis Bank for the week (February 08, 2016 – February 12, 2016):

 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 1.40%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 373 and close the week around the levels of 402.

Support for the stock lies in the zone of 365 to 375 where the stock has formed a double bottom. 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 380 – 385 on lower side to 430 – 435 on upper side.

ICICI Bank Outlook for the Week (February 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (February 08, 2016 – February 12, 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 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. During the week the stock manages to hit a low of 200 and bounce to close the week around the levels of 211.

Support for the stock lies in the zone 205 to 207 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 index lies in the zone of 218 from where the index has broken down. If the index manages to close above this levels then the index can move to the levels of 240 to 245 where 1000 Daily SMA is lying.

Broad range for the stock in the coming week can be 200 – 205 on lower side to 220 – 225 on upper side.

HDFC Bank Outlook for the Week (February 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (February 08, 2016 – February 12, 2016):

 

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on positive note gaining around 0.60%.

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 1067 and close the week around the levels of 1056.

Minor support for the stock lies in the zone of 1040. 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 1030 – 1040 on lower side to 1065 – 1075 on upper side.

Nifty Energy Outlook for the Week (February 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (February 08, 2016 – February 12, 2016):

 

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on negative note losing around 5.00%.

As we have mentioned last week that 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. During the week the index manages to hit a low of 8008 and close the week around the levels of 8080.

Support for the index lies in the zone of 7800 from where the index has broken out on 06/10/2015. If the index closes below this levels then the index can drift to the levels of 7350 where the index has made a medium term bottom.

Resistance for the index lies in the zone of 8100 to 8200 where 100 and 1000 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8500 to 8600 where 500 Daily SMA is lying.

Broad range for the index is seen between 7800 to 7900 on downside to 8200 to 8300 on upside.

Nifty Auto Outlook for the Week (February 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (February 08, 2016 – February 12, 2016):

 

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 1.40%.

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 7315 and bounce to close the week around the levels of 7500.

Support for the index lies in the zone of 7200 from where the index has broken out in the month of August – 2014 and channel support for the index is lying. If the index manages to close below this levels then the index can drift to the levels of 7000.

Resistance for the index lies in the zone of 7600 to 7700 where 500 Daily SMA and 100 Weekly SMA is lying. If the index closes above this levels then the index can move to the levels of 8000 where 100 Daily SMA is lying.

Broad range for the index is seen from 7250 to 7300 on downside to 7600 to 7700 on upside.

Nifty Pharma Outlook for the Week (February 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (February 08, 2016 – February 12, 2016):

 

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 0.80%.

As we have mentioned last week that 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. During the week the index manages to hit a low of 11065 and bounce to close the week around the levels of 11665.

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 11000 to 11200 on downside to 12000 to 12200 on upside.

Nifty FMCG Outlook for the Week (February 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (February 08, 2016 – February 12, 2016):

 

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 1.70%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 19514 and close the week around the levels of 19461.

The index has closed around the resistance 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.

Minor support for the index lies in the zone of 19000 where the index has formed a short term bottom. 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.

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

Nifty IT Outlook for the Week (February 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (February 08, 2016 – February 12, 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 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. During the week the index manages to hit a low of 11066 and bounce to close the week around the levels of 11236.

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 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (February 08, 2016 – February 12, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on negative note losing around 2.00%.

As we have mentioned last week that 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. During the week the index manages to hit a low of 14761 and bounce to close the week around the levels of 15209.

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 15600 to 15800 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 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for Nifty for week (February 08, 2016 – February 12, 2016):

 

NIFTY:

 

NSE Nifty

 

Nifty ended the week on negative note losing around 0.80%.

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 7600 and retraced to close the week around the levels of 7500.

Minor support for the index lies in the zone of 7350 to 7400. 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 7350 on downside to 7750 on upside.

Share Market Tips for – Tuesday, February 02, 2016

equitypandit_square

Go Long At Every Dip Until Nifty Holds 7500 Levels by Closing

 

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market Opened positive for the day. Equitypandit predicted that market has entered into positive zone and traders can go long at this point of time. Equitypandit also predicted that Nifty would see strong resistance at 7606 levels and exactly same happened. Indian Stock Market opened positive but saw strong resistance right at EquityPandit’s predicted resistance levels of 7606 and fell down from there to close flat for the day.

Today: Indian Stock Market to open flat. Technically, Analysis would remain same and Indian Stock Market is still in positive zone. Traders can go long 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 as it is discounted as of now. FIIs were net buyers of Rs.253.88 crores whereas DIIs were net sellers of 535.7 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.

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Click Here to Check the Trend Of Major Indices and Stocks

Important Results to be disclosed today: Amara Raja Batteries, Cera Sanitaryware, Crompton Greaves, Cummins India, DLF, Escorts, Godrej Properties, HSIL, Jai Corp, KRBL, Shree Cement, Tata Communications, Torrent Power, Tube Investments, UFlex, United Breweries and Welspun India.

NSE Nifty: (7556) 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: (15314) The support for BankNifty is at 15200-15060-14950 and the resistance to the up move is at 15600-15680-15805-15954 levels.

BSE Sensex: (24825) 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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