Share Market Tips for – Thursday, March 31, 2016

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Go Long at Every Dip in the Market Until RBI Policy

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day with 53 points for Nifty, 162 points for Sensex and 163 points for BankNifty. EquityPandit predicted that market has entered into negative zone but market would see sharp recovery for the day and exactly same happened. Market opened gap positive and eased. Market saw positive rally backed by FED stance on Rate Hike. The news of Vijay Mallya agreeing to pay Rs.4000 crores to lenders boosted the Banking sector that forced whole market to move sharply positive. F&O Expiry short covering rally also played its role and forced market to move further positive. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open flat. Surprisingly, Indian Stock Market including Nifty, BankNifty and Sensex, saw reversal and entered into positive zone again just in 1 day. This is a big bullish sign for the market. Yes, we would see some correction today but every correction for now would be an opportunity for traders to go long. Traders should go long at every dip in the market until RBI Policy day. Some sharp volatility would be seen today due to F&O Expiry. Traders should rollover long positions in Index future for next month. US Index Dow Jones would also manage to close in monthly positive trend after couple of months and it would further support Indian Stock Market positive trend. FIIs were again net buyers of Rs.1442.47 crores whereas DIIs were net sellers of Rs.396.90 crores in last trading session. Nifty would see strong support at 7675-7645-7600-7564 whereas strong resistance would be seen at 7780-7805-7855-7888 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: (7735) The support for the Nifty is 7675-7645-7600-7564 and the resistance to the up move is at 7780-7805-7855-7888 levels.

NSE BankNifty: (16135) The support for BankNifty is at 16012-15933-15819-15760 and the resistance to the up move is at 16200-16258-16380-16500 levels.

BSE Sensex: (25339) The support for the Sensex is at 25200-25110-25012-24950 and the resistance to the up move is at 25382-25572-25660-25831 levels.

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Share Market Tips for – Wednesday, March 30, 2016

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Buy On Dips and Sell On Positive Rally, Market to See Recovery in Early Trade

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market closed flat with negative bias. EquityPandit predicted that BankNifty has entered into negative zone but Nifty is still in Positive zone. EquityPandit also predicted that BankNifty would not fall due to Rate cut expectation in RBI Policy and exactly same happened. Indian Stock Market remained rangebound for the day. Sensex saw lows right at EquityPandit’s predicted support levels of 24834 like a dot. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open gap positive. Now Technically, Nifty and BankNifty has both entered into negative zone but Market would see sharp recovery during opening. Now the trading has to be little tricky as both the indices has entered the negative zone but anyhow it would open positive for the day. Market would not fall much in next 2 days until RBI Policy is declared and hence can even see some temporary positive reaction. Now, US Index Dow Jones would play a major role in Indian Stock Market. If Dow Jones manage to close above 17430 on March 31, 2016, then it would enter into monthly positive zone, which would be bullish for whole global market. Major resistance for Dow Jones would exist at 17650 levels from where it can see a reversal but breaching this level on the positive side would force US market to see a sharp breakout which would be followed by Indian Stock Market. If Indian Stock Market remained bearish before RBI Policy, then it would set the expectation down and in this case we would see sharp breakout after RBI Policy. But If Market remained bullish before RBI Policy then we would see a sharp downfall post RBI Policy as street expectations would be high. The Best strategy for traders is to buy at dips near support and sell at every positive movement near resistance. FIIs were again net buyers of Rs.513.45 crores whereas DIIs were net sellers of Rs.556.69 crores in last trading session. Nifty would see strong support at 7580-7564-7500 whereas strong resistance would be seen at 7660-7700-7730 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: (7597) The support for the Nifty is 7580-7564-7500 and the resistance to the up move is at 7660-7700-7730 levels.

NSE BankNifty: (15666) The support for BankNifty is at 15500-15365-15200 and the resistance to the up move is at 15803-15956-16020-16156 levels.

BSE Sensex: (24900) The support for the Sensex is at 24834-24680-24550 and the resistance to the up move is at 24988-25060-25120-25280 levels.

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Share Market Tips for – Tuesday, March 29, 2016

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BankNifty Enters Negative Zone But Nifty Still In Positive Zone

 

Last Trading Session: Indian Stock Market opened flat with positive bias. EquityPandit predicted that market would be considered positive until Nifty holds 7600 levels and traders should still buy at dips in the market and exactly same happened. Indian Stock Market fell down sharply in later half of trading session and saw a sharp dip below 7600 levels for Nifty but recovered sharply to close above EquityPandit’s predicted support levels of 7600 for Nifty. Traders, who followed EquityPandit’s advice to buy at dips near support might have made good profits during the last recovery. Finally, Indian Stock Market closed just above EquityPandit’s predicted support levels of 7600 for Nifty and 24950 for Sensex.

Today: Indian Stock Market would open flat with negative bias for the day. Technically, BankNifty has entered into negative zone but Nifty is still in positive zone. Traders can hold long positions in Nifty with strict stoploss of 7600 by closing but could initiate short positions in BankNifty for now. But beware that BankNifty would not see big breakdown until RBI Policy in hope of the rate cut. Maximum open interest are formed at 7700 for Nifty and 16000 levels for BankNifty, so it would act as strong resistance for Nifty and BankNifty for current expiry. So, until March F&O Expiry (March 31, 2016), Market would remain rangebound. Trade for now is to go long at dips and short at any positive movement. FIIs were again net buyers of whooping Rs.2042.94 crores whereas DIIs were net sellers of Rs.2494.44 crores in last trading session. Nifty would see strong support at 7600-7564-7500 whereas strong resistance would be seen at 7700-7730-7780-7855 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: (7615) The support for the Nifty is 7600-7564-7500 and the resistance to the up move is at 7700-7730-7780-7855 levels.

NSE BankNifty: (15605) The support for BankNifty is at 15500-15365-15200 and the resistance to the up move is at 15803-15956-16020-16156 levels.

BSE Sensex: (24966) The support for the Sensex is at 24834-24680-24550 and the resistance to the up move is at 24988-25060-25120-25280 levels.

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Share Market Tips for – Monday, March 28, 2016

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Market To See Breakout If Nifty Breaches 7730 and BankNifty Breaches 16000

 

Last Trading Session: Indian Stock Market opened flat for the day. Market remained highly rangebound due to very short week. Indian Stock Market fell down sharply and as EquityPandit predicted that the trade is to go long at dips, Indian Stock Market recovered sharply to close near to intraday highs. Traders, who followed EquityPandit’s advice might have earned good profits for the day. Sensex closed right below EquityPandit’s predicted resistance levels of 25342. Finally, Indian Stock Market closed flat for the day with some pressure on banking sector.

Today: Indian Stock Market would open flat for the day. Technically, Indian Stock Market is still in positive zone and traders should continue to hold long positions until Nifty holds 7600 levels. BankNifty is experiencing strong resistance at 16000 levels, breaching which, BankNifty would move forward to see targets of 16200-16500-16800 levels. Nifty would also see small breakout after breaching levels of 7730 which would take Nifty towards next target of 7780-7875 levels. Traders should still buy at dips. FIIs were again net buyers of Rs.976.91 crores whereas DIIs were net sellers of Rs.1022.58 crores in last trading session. Nifty would see strong support at 7650-7600-7564-7500 whereas strong resistance would be seen at 7730-7780-7855-7888 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: (7717) The support for the Nifty is 7650-7600-7564-7500 and the resistance to the up move is at 7730-7780-7855-7888 levels.

NSE BankNifty: (15888) The support for BankNifty is at 15800-15735-15660-15500 and the resistance to the up move is at 16020-16080-16156-16200 levels.

BSE Sensex: (24338) The support for the Sensex is at 25200-25110-25012-24950 and the resistance to the up move is at 25382-25572-25660-25831 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 (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for Colgate Palmoilve for the week (March 28, 2016 – April 01, 2016):

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive 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 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. During the week the stock manages to hit a high of 859 and close the week around the levels of 840.

Support for the stock lies in the zone of 825 to 830 where the 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 790 to 810 where the stock has formed a short term bottom.

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 810 to 820 on lower end and 880 to 890 on upper end.

Dabur Outlook for the Week (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for DABUR for the week (March 28, 2016 – April 01, 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 256 and close the week around the levels of 249.

Resistance for the stock lies in the zone of 250 to 255 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 100 Daily SMA is lying.

Support for the stock lies in the zone of 240 to 245 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 235 to 240 on lower end and 255 to 260 on upper end.

Hindustan Unilever Outlook for the Week (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (March 28, 2016 – April 01, 2016):

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on positive note gaining around 3.00%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 883 and close the week around the levels of 874.

Support for the stock lies in the zone of 840 to 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 815 where 100 Daily SMA is lying.

Stock has closed around the resistance zone of 880 where trend-line joining earlier highs is positioned. If the stock manages to close above this levels then the stock can move to the levels of 900 to 920.

Broad range for the stock in coming week is seen between 840 to 850 on downside and 890 to 900 on upside.

ITC Outlook for the Week (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for ITC for the week (March 28, 2016 – April 01, 2016):

ITC:

 

ITC

 

ITC closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 320 to 325 where 100 & 200 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 340 where 500 Daily SMA is lying. During the week the stock manages to hit a high of 336 and close the week around the levels of 325.

Support for the stock lies in the zone of 315 to 320 where 100, 200 & 1000 Daily SMA is lying. If the stock manages to close below this levels then the stock can drift to the levels of 295 to 300 where the stock had opened a gap up on 01-03-2016.

Resistance for the stock lies in the zone of 340 where 500 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 350 to 360 from where the stock has broken down in the month of Dec – 2015.

Broad range for the stock in coming week is seen between 310 to 315 on downside and 340 to 345 on upside.

Cipla Outlook for the Week (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for Cipla for the week (March 28, 2016 – April 01, 2016):

CIPLA:

 

CIPLA

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a high of 539 and close the week around the levels of 533.

Minor support for the stock is lying around the levels of 515 to 520. 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 550 to 570 where short term moving averages and 500 Daily SMA is lying.

Broad range for the stock is seen in the range of 510 – 515 on downside to 560 – 565 on upside.

Dr. Reddy Outlook for the Week (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (March 28, 2016 – April 01, 2016):

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 3.90%.

As we have mentioned last week that resistance for the stock lies in the zone of 3250 to 3300 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 3330 to 3350 where the stock has opened a gap down on 26/11/2015. During the week the stock manages to hit a high of 3200 and close the week around the levels of 3048.

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 2800 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone of 3150 to 3200 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 3330 to 3350 where the stock has opened a gap down on 26/11/2015.

Broad range for the stock is seen from 2950 – 2980 on downside to 3150 – 3200 on upside.

Lupin Outlook for the Week (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for Lupin for the week (March 28, 2016 – April 01, 2016):

LUPIN:

 

LUPIN

 

Lupin closed the week on negative note losing around 2.00%.

As we have mentioned last week that stock has closed around the support zone of 1550 to 1580 where 500 Daily SMA and 200 Weekly SMA is lying. If the stock manages to close below this levels then the stock can drift to the levels of 1350 where the stock has made a bottom in the month of Jan – 2015. During the week the stock manages to hit a low of 1501 and close the week around the levels of 1524.

Support for the stock lies in the zone of 1500 from where the stock has broken out in the month of Jan – 2015. If the stock manages to close below this levels then the stock can drift to the levels of 1350.

Resistance for the stock lies in the zone of 1550 to 1600 where the stock has broken down from the channel support which was holding the stock since the month of May – 2015. If the stock manages to close above this levels then the stock can move to the levels of 1690.

Broad range for the stock is seen from 1460 – 1480 on downside to 1600 – 1630 on upside.

Sun Pharma Outlook for the Week (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (March 28, 2016 – April 01, 2016):

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on positive note gaining around 3.70%.

As we have mentioned last week that stock has closed around the support zone of 810 to 820 where 100 & 500 Daily SMA is lying. Around 800 the stock has a trend-line support. If the stock manages to close below this levels then the stock can drift to the levels of 760. During the week the stock manages to hit a low of 817 and close the week around the levels of 846.

Support for the stock lies in the zone of 835 to 840 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 810 to 820 where 100 & 500 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 860. If the stock manages to close above this levels then the stock can move to the levels of 880 from where the stock has sold off in early part of March.

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 (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for Wipro for the week (March 28, 2016 – April 01, 2016):

WIPRO:

 

WIPRO

 

Wipro closed the week on positive note gaining around 0.80%.

As we have mentioned last week that resistance for the stock lies in the zone of 560 to 565 where 200 & 500 Daily SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 590. During the week the stock manages to hit a high of 562 and close the week around the levels of 556.

Support for the stock lies in the zone of 540 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 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.

Resistance for the stock lies in the zone of 560 to 565 where 200 & 500 Daily SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 590.

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

HCL Tech Outlook for the Week (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for HCL Tech for the week (March 28, 2016 – April 01, 2016):

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on negative note losing around 0.80%.

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 813 and close the week around the levels of 818.

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.

Minor resistance for the stock lies in the zone of 830 where short term moving averages are lying. 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 (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for TCS for the week (March 28, 2016 – April 01, 2016):  

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on positive note gaining around 2.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 2450 to 2480 where 200 & 500 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 2550. During the week the stock manages to hit a high of 2488 and close the week around the levels of 2474.

Minor support for the stock lies in the zone of 2400 from where the stock has broken out of the short term top. Support for the stock lies in the zone of 2350 to 2380 where 100 Daily SMA is lying. If the stock manages to close below this levels then the stock can drift to the levels of 2300 to 2320 where short term moving averages are lying.

The stock has closed around the strong resistance zone of 2460 to 2480 where 200 & 500 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 2550.

Broad range for the stock in the coming week is seen between 2380 to 2420 on downside to 2550 to 2600 on upside.

Infosys Outlook for the Week (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for Infosys for the week (March 28, 2016 – April 01, 2016):

INFOSYS:

 

INFY

 

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

As we have mentioned last week that resistance for the stock lies in the range of 1200 where trend-line joining earlier highs is positioned. If the stock manages to close above this levels then the stock can move to the levels of 1250 and the stock will breakout out of the 1 year consolidation range of 1000 to 1200. During the week the stock manages to hit a high of 1211 and close the week around the levels of 1208.

Minor support for the stock lies in the zone of 1170. Support for the stock lies in the zone of 1155 from where the stock has broken out of the short term top. If the stock manages to close below this levels then the stock can drift to the levels of 1130 to 1140 where short term moving averages are lying.

Resistance for the stock lies in the range of 1200 to 1210 where trend-line joining earlier highs is positioned. If the stock manages to close above this levels then the stock can move to the levels of 1250 and the stock will breakout out of the 1 year consolidation range of 1000 to 1200.

Broad range for the stock in the coming week is seen between 1160 to 1170 on downside to 1230 to 1240 on upside.

SBI Outlook for the Week (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for SBI for the week (March 28, 2016 – April 01, 2016):

STATE BANK OF INDIA:

 

SBIN

 

SBIN closed the week on positive note gaining around 2.80%.

As we have mentioned last week that resistance for the stock lies in the zone of 205 to 210 where 100 Daily SMA and 500 Weekly SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 225 where 1000 Daily SMA and 200 Weekly SMA is lying. During the week the stock manages to hit a high of 198 and close the week around the levels of 197.

Minor support for the stock lies in the zone of 190. Support for the stock lies in the zone of 170 to 175 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 150 where monthly trend-line support for the stock is positioned.

Resistance for the stock lies in the zone of 205 to 210 where 100 Daily SMA and 500 Weekly SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 225 where 1000 Daily SMA and 200 Weekly SMA is lying.

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

Axis Bank Outlook for the Week (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for Axis Bank for the week (March 28, 2016 – April 01, 2016):

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 0.30%.

As we have mentioned last week that minor support for the stock lies in the zone of 420. Support for the stock lies in the zone of 390 to 400 where the stock had a gap up opening on 02-03-2016. If the stock manages to close below this levels then the stock can drift to the levels of 365 to 375 where the stock has formed a double bottom. During the week the stock manages to hit a low of 434 and close the week around the levels of 437.

Support for the stock lies in the zone of 430 where 100 Daily SMA is lying. If the stock manages to close below this levels then the stock can drift to the levels of 390 to 400 where the stock had a gap up opening on 02-03-2016.

Resistance for the stock lies in the zone of 460 where 500 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 480 where 200 Daily SMA is lying.

Broad range for the stock in the coming week can be 415 – 420 on lower side to 455 – 460 on upper side.

ICICI Bank Outlook for the Week (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (March 28, 2016 – April 01, 2016):

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on positive note gaining around 1.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 240 to 245 from where the stock has broken down in the month of Dec – 2015 and 100 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 260 where 200 Daily SMA is lying. During the week the stock manages to hit a high of 236 and close the week around the levels of 234.

Support for the stock lies in the zone of 220 to 225 from where the stock has broken out of the short term top. If the stock manages to close below this levels then the stock can drift to the levels of 205 to 210 where 500 Weekly SMA and 100 Monthly SMA is lying.

Resistance for the stock lies in the zone of 240 to 245 from where the stock has broken down in the month of Dec – 2015 and 100 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 260 where 200 Daily SMA is lying.

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

HDFC Bank Outlook for the Week (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (March 28, 2016 – April 01, 2016):

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on positive note gaining around 2.00%.

As we have mentioned last week that the stock has closed around the resistance zone of 1020 to 1030 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 1050 where 100 & 200 Daily SMA is lying. During the week the stock manages to hit a high of 1057 and close the week around the levels of 1049.

Support for the index lies in the zone of 1020 to 1030 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 990 to 1000 where channel support for the stock is lying.

The stock has closed around the resistance zone of 1050 to 1060 where 100 & 200 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 1090.

Broad range for the stock in the coming week can be 1020 on lower side to 1080 on upper side.

Nifty Energy Outlook for the Week (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (March 28, 2016 – April 01, 2016):

NIFTY ENERGY:-

 

NIFTYENERG

 

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

As we have mentioned last week that strong support for the index lies in the zone of 8100 to 8200 where 100, 200 and 1000 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 8000. During the week the index manages to hit a low of 8276 and close the week around the levels of 8309.

Strong support for the index lies in the zone of 8100 to 8200 where 100, 200 and 1000 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 8000.

Resistance for the index lies in the zone of 8500 to 8700 where 500 Daily SMA and 100 Weekly SMA is lying. If the index manages to close above this levels then the index can move to the levels of 9100.

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

Nifty Auto Outlook for the Week (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (March 28, 2016 – April 01, 2016):

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 2.90%.

As we have mentioned last week that the resistance for the index lies in the zone of 7800 to 7900 where 100 & 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 200 Daily SMA is lying. During the week the index manages to hit a high of 8004 and close the week around the levels of 7991.

Support for the index lies in the zone of 7800 to 7900 where 100 & 500 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 7400 to 7500 where short term moving averages are lying.

The index has closed around the strong resistance zone of 8000 where 200 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8300 from where the index has sold off in the month of Jan – 2016.

Broad range for the index is seen from 7700 to 7750 on downside to 8100 to 8150 on upside.

Nifty Pharma Outlook for the Week (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (March 28, 2016 – April 01, 2016):

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on positive note gaining around 1.00%.

As we have mentioned last week that 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 10500 where weekly trend-line support for the index is lying. During the week the index manages to hit a low of 11079 and close the week around the levels of 11198.

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 10500 where weekly trend-line support for the index is lying.

Minor resistance for the index is lying in the zone of 11300 where short term moving averages are lying. Resistance for the index lies in the zone of 11500 to 11600 where 100 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 11800 to 12000 where 200 Daily SMA is lying.

Broad range for the index is seen from 10800 to 11000 on downside to 11500 to 11600 on upside.

Nifty FMCG Outlook for the Week (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (March 28, 2016 – April 01, 2016):  

NIFTY FMCG:

 

NIFTYFMCG

 

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

As we have mentioned last week that the index has closed around the strong resistance zone of 19500 to 19600 where 100 & 500 Daily SMA and channel resistance is lying. If the index manages to close above this levels then the index can move to the levels of 19800 to 20000 where 200 Daily SMA is lying. During the week the index manages to hit a high of 19960 and close the week around the levels of 19629.

Resistance for the index lies in the zone of 19800 to 20000 where 200 Daily SMA is lying and trend-line joining earlier highs is lying. If the index manages to close above this levels then the index can move to the levels of 20500.

Support for the index lies in the zone of 19500 where 100 & 500 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 18800 to 19000 where the index has formed a short term top.

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 (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (March 28, 2016 – April 01, 2016):

NIFTY IT:

 

NIFTYIT

 

Nifty IT index ended the week on positive note gaining around 0.60%.

As we have mentioned last week that resistance for the index lies in the zone of 11200 to 11300 where 200 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 11600 where trend-line joining earlier highs is lying. During the week the index manages to hit a high of 11246 and close the week around the levels of 11228.

Support for the index lies in the zone of 11000 where 100 & 500 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 10600 to 10700 from where the index has broken down from the lows of Jan – 2016.

Resistance for the index lies in the zone of 11200 to 11300 where 200 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 11600 where trend-line joining earlier highs is lying.

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

Nifty Bank Outlook for the Week (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (March 28, 2016 – April 01, 2016):

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 1.50%.

As we have mentioned last week that the index has closed around the resistance zone of 15600 to 15800 where the index has made a low in the month of September – 2015. If the index manages to close above this levels then the index can move to the levels of 16000 where 100 Daily SMA is lying. During the week the index manages to hit a high of 15968 and close the week around the levels of 15888.

Minor support for the index lies in the zone of 15600 to 15800 where the index has made a low in the month of September – 2015. Support for the index lies in the zone of 15000 to 15200 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 14750 where the index has opened with a gap up on 02-03-2016.

Resistance for the index lies in the zone of 16000 where 100 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 16300 to 16400 where the index has opened the gap down on 07/01/2016.

Range for the week is seen from 15300 to 15500 on downside to 16200 to 16300 on upside.

Nifty Outlook for the Week (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for Nifty for week (March 28, 2016 – April 01, 2016):

NIFTY:

 

NSE Nifty

 

Nifty ended the week on positive note gaining around 1.50%.

As we have mentioned last week that support for the index lies in the zone of 7500 from where the index has broken down after making the double bottom pattern. If the index manages to close below this levels then the index can drift to the levels of 7400 where the index has opened with the gap up on 03/03/2016 and short term moving averages are lying. During the week the index manages to hit a low of 7617 and bounce to close the week around the levels of 7716.

Support for the index lies in the zone of 7500 to 7600 from where the index has broken down after making the double bottom pattern and 100 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 7400 where the index has opened with the gap up on 03/03/2016 and short term moving averages are lying.

Minor resistance for the index lies in the zone of 7720 where the index has opened gap down on 07/01/2016. Resistance for the index lies in the zone of 7900 where 200 & 500 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8100 where trend-line joining earlier highs is lying.

Broad range for the week is seen from 7500 on downside to 7900 on upside.

Share Market Tips for – Tuesday, March 22, 2016

equitypandit_square

Continue To Hold Long Positions In The Market

 

Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that market is still in positive zone and every dip in the market would be an opportunity to go long in the market. EquityPandit also predicted that next target for Nifty would be 7700 and it got achieved. Indian Stock Market moved up sharply in last 2 hours of trading session. Traders, who followed EquityPandit’s advice to go long at every dip in the market might have earned huge profits for the day. EquityPandit continuously suggested traders to go long at dips for the targets of 7700 for Nifty and finally that got achieved. Finally, Indian Stock Market closed gap positive for the day as predicted by EquityPandit.

Today: Indian Stock Market would open flat for the day. Technically, Analysis would still remain same and Indian Stock Market is still in positive zone. Some correction would be seen but traders should continue to hold long positions until Nifty holds 7600 levels. Next target for Nifty would be 7780-7875 levels. Overall market is in positive momentum and has seen a technical breakout, so traders should continue to hold long positions. FIIs were again net buyers of whooping Rs.1396.33 crores whereas DIIs were net sellers of Rs.618.77 crores in last trading session. Nifty would see strong support at 7650-7600-7564-7500 whereas strong resistance would be seen at 7776-7855-7888-7955 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: (7704) The support for the Nifty is 7650-7600-7564-7500 and the resistance to the up move is at 7776-7855-7888-7955 levels.

NSE BankNifty: (15926) The support for BankNifty is at 15835-15735-15500 and the resistance to the up move is at 16020-16080-16156-16200 levels.

BSE Sensex: (24285) The support for the Sensex is at 25110-25012-24950-24834 and the resistance to the up move is at 25342-25572-25660-25831 levels.

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

Premium Subscription Pricing details can be seen at Stock Market Premium Services

Share Market Tips for – Monday, March 21, 2016

equitypandit_square

Market Would Recover After Some Correction, Go Long At Dips

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened Gap Positive for the day. EquityPandit predicted that Indian Stock Market is still in positive zone and bullish in nature. EquityPandit also predicted that traders should go long at dips until Nifty holds 7500 levels and exactly same happened. Nifty opened positive and saw a correction as expected by EquityPandit. Nifty saw strong support near EquityPandit’s predicted support levels of 7500 and recovered sharply from there to see strong resistance just near EquityPandit’s predicted resistance levels of 7620 for Nifty. BankNifty also saw highs right at EquityPandit’s predicted resistance levels of 15680 like a dot. Coincidentally Sensex also saw highs right at EquityPandit’s predicted resistance levels of 24988 like a dot. Traders, who followed EquityPandit’s advice might have earned whooping profits for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open flat with negative for the day. Technically, Indian Stock Market is still in positive zone. Now, next target for Nifty is 7700. Some correction would be seen but traders should continue to go long at every dip in the market. US Market Index, Dow Jones also managed to close above 17500 levels i.e. above its monthly changeover levels. if Dow manage to close this month above 17500, then we would see sharp recovery in Indian Stock Market and we would never see 52 week low levels again in this year in Indian Stock Market. For now, the only strategy for traders is to go long at every dip in the market and investors should accumulate fundamentally strong companies at discounted prices. FIIs were again net buyers of whooping Rs.1712.62 crores whereas DIIs were net sellers of Rs.403.37 crores in last trading session. Nifty would see strong support at 7564-7500-7465 whereas strong resistance would be seen at 7620-7663-7700-7788 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: (7604) The support for the Nifty is 7564-7500-7465 and the resistance to the up move is at 7620-7663-7700-7788 levels.

NSE BankNifty: (15655) The support for BankNifty is at 16500-15365 and the resistance to the up move is at 15680-15803-15956-16020 levels.

BSE Sensex: (24953) The support for the Sensex is at 24834-24680-24550 and the resistance to the up move is at 24988-25060-25120-25280 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 (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for Colgate Palmoilve for the week (March 21, 2016 – March 23, 2016):

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on positive note gaining around 4.60%.

As we have mentioned last week that 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 short term moving averages, 500 Daily SMA and 100 Weekly SMA is lying. During the week the stock manages to hit a high of 854 and close the week around the levels of 851.

Support for the stock lies in the zone of 790 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 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 810 to 820 on lower end and 880 to 890 on upper end.

Dabur Outlook for the Week (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for DABUR for the week (March 21, 2016 – March 23, 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 255 and close the week 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 250 to 255 on upper end.

Hindustan Unilever Outlook for the Week (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (March 21, 2016 – March 23, 2016):

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever 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 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. During the week the stock manages to hit a low of 831 and bounce to close the week around the levels of 852.

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 820 to 830 on downside and 870 to 880 on upside.

ITC Outlook for the Week (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for ITC for the week (March 21, 2016 – March 23, 2016):

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 0.70%.

As we have mentioned last week that support for the stock lies in the zone of 310 to 315 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 295 to 300 where the stock had opened a gap up on 01-03-2016. During the week the stock manages to hit a low of 315 and bounce to close the week around the levels of 324.

Support for the stock lies in the zone of 310 to 315 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 295 to 300 where the stock had opened a gap up on 01-03-2016.

Resistance for the stock lies in the zone of 320 to 325 where 100 & 200 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 340 where 500 Daily SMA is lying.

Broad range for the stock in coming week is seen between 310 to 315 on downside and 335 to 340 on upside.

Cipla Outlook for the Week (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for Cipla for the week (March 21, 2016 – March 23, 2016):

CIPLA:

 

CIPLA

 

CIPLA closed the week on negative note losing around 1.20%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 544 and close the week around the levels of 528.

Minor support for the stock is lying around the levels of 515 to 520. 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 570 to 580 where short term moving averages and 500 Daily SMA is lying.

Broad range for the stock is seen in the range of 510 – 515 on downside to 560 – 565 on upside.

Dr. Reddy Outlook for the Week (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (March 21, 2016 – March 23, 2016):

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 1.50%.

As we have mentioned last week that resistance for the stock lies in the zone of 3250 to 3300 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 3330 to 3350 where the stock has opened a gap down on 26/11/2015. During the week the stock manages to hit a high of 3247 and close the week around the levels of 3164.

Support for the stock lies in the zone of 3120 to 3140 where the neckline of the inverse Head & Shoulder pattern of the stock is lying. If the stock manages to close below this levels then the stock can drift to the levels of 2950 to 2980 where short term moving averages and gap is lying.

Resistance for the stock lies in the zone of 3250 to 3300 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 3330 to 3350 where the stock has opened a gap down on 26/11/2015.

The stock has formed a Inverse Head & Shoulder pattern on daily charts. The target for this pattern lies in the zone of 3500.

Broad range for the stock is seen from 3050 – 3100 on downside to 3300 – 3350 on upside.

Lupin Outlook for the Week (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for Lupin for the week (March 21, 2016 – March 23, 2016):

LUPIN:

 

LUPIN

 

Lupin closed the week on negative note losing around 16.00%.

As we have mentioned last week that resistance for the stock lies in the range of 1900 where the stock has made a top in the month of Feb – 2016. If the stock manages to close above this levels then the stock can move to the levels of 2100 where trend-line joining earlier highs is lying. During the week the stock manages to hit a high of 1874 and sold off to close the week around the levels of 1558.

Stock has closed around the support zone of 1550 to 1580 where 500 Daily SMA and 200 Weekly SMA is lying. If the stock manages to close below this levels then the stock can drift to the levels of 1350 where the stock has made a bottom in the month of Jan – 2015.

Resistance for the stock lies in the zone of 1600 where the stock has broken down from the channel support which was holding the stock since the month of May – 2015. If the stock manages to close above this levels then the stock can move to the levels of 1690.

Broad range for the stock is seen from 1500 – 1520 on downside to 1600 – 1630 on upside.

Sun Pharma Outlook for the Week (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (March 21, 2016 – March 23, 2016):

SUN PHARMA:

 

CIPLA

 

SUN PHARMA closed the week on negative note losing around 5.90%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 877 and sold off to close the week around the levels of 817.

Stock has closed around the support zone of 810 to 820 where 100 & 500 Daily SMA is lying. Around 800 the stock has a trend-line support. If the stock manages to close below this levels then the stock can drift to the levels of 760.

Resistance for the stock lies in the zone of 835 to 840 where short term moving averages and 200 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 880.

Broad range for the stock in the coming week can be 790 – 800 on lower side to 840 – 850 on upper side.

HCL Tech Outlook for the Week (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for HCL Tech for the week (March 21, 2016 – March 23, 2016):

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on absolutely flat note.

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 807 and bounce to close the week around the levels of 824.

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 (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for TCS for the week (March 21, 2016 – March 23, 2016):  

TATA CONSULTANCY SERVICES:

 

TCS

 

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

As we have mentioned last week that the support for the stock lies in the range of 2300 to 2320 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 2150 to 2200 where the stock has formed a short term bottom. During the week the stock manages to hit a low of 2307 and bounce to close the week around the levels of 2425.

Support for the stock lies in the zone of 2350 to 2380 where 100 Daily SMA is lying. If the stock manages to close below this levels then the stock can drift to the levels of 2300 to 2320 where short term moving averages are lying.

Resistance for the stock lies in the zone of 2450 to 2480 where 200 & 500 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 2550.

Broad range for the stock in the coming week is seen between 2350 to 2380 on downside to 2480 to 2500 on upside.

Wipro Outlook for the Week (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for Wipro for the week (March 21, 2016 – March 23, 2016):

WIPRO:

 

WIPRO

 

Wipro closed the week on positive note gaining around 2.60%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 528 and bounce to close the week around the levels of 553.

Support for the stock lies in the zone of 540 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 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.

Resistance for the stock lies in the zone of 560 to 565 where 200 & 500 Daily SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 590.

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

Infosys Outlook for the Week (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for Infosys for the week (March 21, 2016 – March 23, 2016):

INFOSYS:

 

INFY

 

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

As we have mentioned last week that support for the stock lies in the zone of 1110 to 1130 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. During the week the stock manages to hit a low of 1129 and close the week around the levels of 1191.

Support for the stock lies in the zone of 1155 from where the stock has broken out of the short term top. Support for the stock lies in the zone of 1110 to 1130 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 1200 where trend-line joining earlier highs is positioned. If the stock manages to close above this levels then the stock can move to the levels of 1250 and the stock will breakout out of the 1 year consolidation range of 1000 to 1200.

Broad range for the stock in the coming week is seen between 1150 to 1160 on downside to 1210 to 1220 on upside.

SBI Outlook for the Week (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for SBI for the week (March 21, 2016 – March 23, 2016):

STATE BANK OF INDIA:

 

SBIN

 

SBIN closed the week on positive note gaining around 6.30%.

As we have mentioned last week that minor resistance for the stock lies in the range of 190. Resistance for the stock lies in the zone of 205 to 210 where 100 Daily SMA and 500 Weekly SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 225 where 1000 Daily SMA and 200 Weekly SMA is lying. During the week the stock manages to hit a high of 192 and close the week around the levels of 191.

Minor support for the stock lies in the zone of 180 to 185. Support for the stock lies in the zone of 165 to 170 where the stock has a gap up opening on 02-03-2016. If the stock manages to close 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 205 to 210 where 100 Daily SMA and 500 Weekly SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 225 where 1000 Daily SMA and 200 Weekly SMA is lying.

Broad range for the stock in the coming week can be 170 to 175 on lower side to 205 to 210 on upper side.

Axis Bank Outlook for the Week (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for Axis Bank for the week (March 21, 2016 – March 23, 2016):

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 5.80%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 420. Resistance for the stock lies in the zone of 440 where 100 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 460 where 500 Daily SMA is lying. During the week the stock manages to hit a high of 437 and close the week around the levels of 437.

Minor support for the stock lies in the zone of 420. Support for the stock lies in the zone of 390 to 400 where the stock had a gap up opening on 02-03-2016. If the stock manages to close below this levels then the stock can drift to the levels of 365 to 375 where the stock has formed a double bottom.

Resistance for the stock lies in the zone of 460 where 500 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 480 where 200 Daily SMA is lying.

Broad range for the stock in the coming week can be 415 – 420 on lower side to 455 – 460 on upper side.

ICICI Bank Outlook for the Week (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (March 21, 2016 – March 23, 2016):

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on positive note gaining around 7.50%.

As we have mentioned last week that the stock has closed around the resistance zone of 215 to 220 from where the stock has broken down the lows of Jan – 2016. If the stock manages to close above this levels then the stock can move to the levels of 240 to 245 from where the stock has broken down in the month of Dec – 2015 and 100 Daily SMA is lying. During the week the stock manages to hit a high of 236 and close the week around the levels of 230.

Support for the stock lies in the zone of 215 to 220 from where the stock has broken down the lows of Jan – 2016. If the stock manages to close below this levels then the stock can drift to the levels of 205 to 210 where 500 Weekly SMA and 100 Monthly SMA is lying.

Resistance for the stock lies in the zone of 240 to 245 from where the stock has broken down in the month of Dec – 2015 and 100 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 260 where 200 Daily SMA is lying.

Broad range for the stock in the coming week can be 210 – 215 on lower side to 245 – 250 on upper side.

HDFC Bank Outlook for the Week (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (March 21, 2016 – March 23, 2016):

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on absolutely flat note.

As we have mentioned last week that the stock has closed around the resistance zone of 1020 to 1030 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 1050 where 100 & 200 Daily SMA is lying. During the week the stock manages to hit a high of 1039 and close the week around the levels of 1027.

Support for the stock lies in the zone of 990 to 1000 where 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 950 to 960 where 500 Daily SMA and 100 Weekly SMA are positioned.

The stock has closed around the resistance zone of 1020 to 1030 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 1050 where 100 & 200 Daily SMA is lying.

Broad range for the stock in the coming week can be 1000 on lower side to 1060 on upper side.

Nifty Energy Outlook for the Week (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for NIFTY Energy for the week (March 21, 2016 – March 23, 2016):

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 2.00%.

As we have mentioned last week that resistance for the index lies in the zone of 8100 to 8200 where 100, 200 and 1000 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8700 where 500 Daily SMA is lying. During the week the index manages to hit a high of 8313 and close the week around the levels of 8276.

Strong support for the index lies in the zone of 8100 to 8200 where 100, 200 and 1000 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 8000.

Resistance for the index lies in the zone of 8700 where 500 Daily SMA and 100 Weekly SMA is lying. If the index manages to close above this levels then the index can move to the levels of 9100.

Broad range for the index is seen between 8000 to 8100 on downside to 8450 to 8500 on upside.

Nifty Auto Outlook for the Week (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for NIFTY AUTO for the week (March 21, 2016 – March 23, 2016):

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 0.60%.

As we have mentioned last week that the resistance for the index lies in the zone of 7800 to 7900 where 100 & 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 200 Daily SMA is lying. During the week the index manages to hit a high of 7831 and close the week around the levels of 7768.

Support for the index lies in the zone of 7400 to 7500 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 7000 to 7100 where channel support for the index is lying.

Resistance for the index lies in the zone of 7800 to 7900 where 100 & 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 200 Daily SMA is lying.

Broad range for the index is seen from 7500 to 7600 on downside to 7900 to 8000 on upside.

Nifty Pharma Outlook for the Week (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (March 21, 2016 – March 23, 2016):

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 5.10%.

As we have mentioned last week that support for the index lies in the zone of 11400 to 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 where channel support and 500 Daily SMA is lying. During the week the index manages to hit a low of 10922 and close the week around the levels of 11096.

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 10500 where weekly trend-line support for the index is lying.

Resistance for the index lies in the zone of 11500 to 11600 where 100 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 11800 to 12000 where 200 Daily SMA is lying.

Broad range for the index is seen from 10800 to 11000 on downside to 11500 to 11600 on upside.

Nifty FMCG Outlook for the Week (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (March 21, 2016 – March 23, 2016):  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 0.90%.

As we have mentioned last week that the index has closed around the strong resistance zone of 19500 to 19600 where 100 & 500 Daily SMA and channel resistance is lying. If the index manages to close above this levels then the index can move to the levels of 19800 to 20000 where 200 Daily SMA is lying. During the week the index manages to hit a high of 19602 and close the week around the levels of 19518.

The index has closed around the strong resistance zone of 19500 to 19600 where 100 & 500 Daily SMA and channel resistance is lying. If the index manages to close above this levels then the index can move to the levels of 19800 to 20000 where 200 Daily SMA is lying and trend-line joining earlier highs is lying.

Minor support for the index lies in the zone of 18800 to 19000 where the index has formed a short term top. 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 18800 on downside to 20000 on upside.

Nifty IT Outlook for the Week (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (March 21, 2016 – March 23, 2016):

NIFTY IT:

 

NIFTYIT

 

Nifty IT index ended the week on positive note gaining around 2.90%.

As we have mentioned last week that the index has closed around the strong resistance zone of 10900 to 11000 where 100 & 500 Daily SMA and 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 11200 to 11400 where 200 Daily SMA is lying. During the week the index manages to hit a high of 11177 and close the week around the levels of 11150.

Support for the index lies in the zone of 11000 where 100 & 500 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 10600 to 10700 from where the index has broken down from the lows of Jan – 2016.

Resistance for the index lies in the zone of 11200 to 11300 where 200 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 11600 where trend-line joining earlier highs is lying.

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

Nifty Bank Outlook for the Week (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (March 21, 2016 – March 23, 2016):

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank 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 15600 to 15800 where the index has made a low in the month of September – 2015. If the index manages to close above this levels then the index can move to the levels of 16200 where 100 Daily SMA is lying. During the week the index manages to hit a high of 15705 and close around the levels of 15650.

Support for the index lies in the zone of 15000 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 14750 where the index has opened with a gap up on 02-03-2016.

The index has closed around the resistance zone of 15600 to 15800 where the index has made a low in the month of September – 2015. If the index manages to close above this levels then the index can move to the levels of 16000 where 100 Daily SMA is lying.

Range for the week is seen from 15000 to 15100 on downside to 15900 to 16000 on upside.

Nifty Outlook for the Week (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for Nifty for week (March 21, 2016 – March 23, 2016):

NIFTY:

 

NSE Nifty

 

Nifty ended the week on positive note gaining around 1.20%.

As we have mentioned last week that index has closed around the resistance zone of 7500 to 7550 from where the index has broken down after making the double bottom pattern. If the index manages to close above this levels then the index can move to the levels of 7700 where 100 Daily SMA is lying. During the week the index manages to hit a high of 7615 and close at around the highest levels.

Support for the index lies in the zone of 7500 from where the index has broken down after making the double bottom pattern. If the index manages to close below this levels then the index can drift to the levels of 7400 where the index has opened with the gap up on 03/03/2016 and short term moving averages are lying.

Resistance for the index lies in the zone of 7900 where 200 & 500 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8100 where trend-line joining earlier highs is lying.

Broad range for the week is seen from 7400 on downside to 7800 on upside.

Share Market Tips for – Friday, March 18, 2016

equitypandit_square

Go Long At Dips Until Nifty Holds 7500 by Closing

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened Gap Positive for the day. EquityPandit predicted that market would see gap positive opening and traders would get good opportunity to book profits in last day long positions taken at dips. Equitypandit also predicted that some correction would be seen after gap positive opening but traders should go long at dips in the market and exactly same happened. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. EquityPandit booked full profits for EP-BankNifty Package subscribers at 15620 levels for BankNifty generating huge profits, after which market fell down sharply. Nifty saw highs right at EquityPandit’s predicted resistance levels of 7585 like a dot. Indian Stock Market saw sharp correction from EquityPandit’s predicted resistance levels and traders were suggested to go long at those dips. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market would open gap positive for the day. Technically, Indian Stock Market is still in positive zone. Market would continue to see positive movement. Some correction would still be seen. If Nifty closes below levels of 7502, then market would be considered weak and further downfall would be seen in days to come. Traders, who went long during the correction in the market on EquityPandit’s advice would get good chance to book profits today. Overall Market is still positive and traders should again buy on dips. If Nifty managed to hold 7500 levels by closing, then next target for Nifty would be 7700 levels. FIIs were again net buyers of Rs.744.49 crores whereas DIIs were net sellers of Rs.168.38 crores in last trading session. Nifty would see strong support at 7500-7465-7434-7400 whereas strong resistance would be seen at 7585-7620-7663-7700 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: (7513) The support for the Nifty is 7500-7465-7434-7400 and the resistance to the up move is at 7585-7620-7663-7700 levels.

NSE BankNifty: (15444) The support for BankNifty is at 15365-15200-15060-15000 and the resistance to the up move is at 15600-15680-15803-15956 levels.

BSE Sensex: (24677) The support for the Sensex is at 24550-24488-24380-24200 and the resistance to the up move is at 24840-24915-24988-25060 levels.

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

Premium Subscription Pricing details can be seen at Stock Market Premium Services

Share Market Tips for – Thursday, March 17, 2016

equitypandit_square

Market Would See Sharp breakout Today, Next Target 7700 for Nifty

 

Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that market would see some correction but downfall is capped at this point of time and overall market is bullish. EquityPandit also suggested traders to go long at every dip in the market as sharp breakout can be seen anytime in the market and exactly same happened. Indian Stock Market fell down in early trade and saw strong support just near EquityPandit’s predicted support levels of 7400 for Nifty like a dot. Market recovered sharply from day lows and saw Intraday highs for the day. Traders, who followed EquityPandit’s advice to go long at dips might have earned whooping profits for the day. Finally, Indian Stock market closed gap positive for the day. Sensex also closed right at EquityPandit’s predicted resistance levels of 24680.

Today: Indian Stock Market would open gap positive for the day. Technically, Indian Stock Market is still in positive zone. Now, Next target for Nifty is 7620-7700 in upcoming days. BankNifty can see levels near 16000 in upcoming days. Some correction can be seen after gap positive opening but overall market would still remain positive. EquityPandit has always suggested to go long at dips in last couple of days and today traders would be rewarded with sharp breakout in the market. Market would continue to see sharp positive movement today. FIIs were again net buyers of Rs.625.58 crores whereas DIIs were net sellers of Rs.680.16 crores in last trading session. Nifty would see strong support at 7500-7465-7434-7400 whereas strong resistance would be seen at 7585-7620-7663-7700 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: (7499) The support for the Nifty is 7500-7465-7434-7400 and the resistance to the up move is at 7585-7620-7663-7700 levels.

NSE BankNifty: (15462) The support for BankNifty is at 15365-15200-15060-15000 and the resistance to the up move is at 15600-15680-15803-15956-16120 levels.

BSE Sensex: (24682) The support for the Sensex is at 24550-24488-24380-24200 and the resistance to the up move is at 24840-24915-24988-25060 levels.

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

Premium Subscription Pricing details can be seen at Stock Market Premium Services

Share Market Tips for – Wednesday, March 16, 2016

equitypandit_square

Buy At Dips and Hold Long Positions Until Nifty holds 7435 by Closing

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with 3 points negative for Nifty. EquityPandit predicted that some correction would be seen in the market and exactly same happened. BankNifty made highs right near EquityPandit’s predicted resistance levels of 15380. Indian Stock Market saw sharp correction for the day and finally closed negative for the day. Sensex closed right above EquityPandit’s predicted support levels of 24550 like a dot.

Today: Indian Stock Market would open positive for the day. Technically, Indian Stock Market is still in positive zone. Now, we may see reversal if Nifty closes below 7435 levels. Market has already consolidated for last couple of days and now, we may see some sharp movement on either side. Overall, the downfall is capped even if Nifty enters into negative zone by breaching levels of 7435 on closing basis. If Nifty closes below 7435 levels then we can see the levels of 7350-7300 in next couple of days but overall market sentiments would remain bullish. If Nifty managed to hold levels of 7435 by closing then we would see a sharp breakout in days to come. For now, traders should go long at every dip in the market. Banking sector was stronger in last couple of trading sessions and now if market has to sustain these levels then BankNifty needs to perform further. FIIs were again net sellers of Rs.54.01 crores whereas DIIs were net sellers of Rs.302.31 crores in last trading session. Nifty would see strong support at 7434-7400-7365-7330 whereas strong resistance would be seen at 7545-7585-7620-7663 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

NSE Nifty: (7461) The support for the Nifty is 7434-7400-7365-7330 and the resistance to the up move is at 7545-7585-7620-7663 levels.

NSE BankNifty: (15327) The support for BankNifty is at 15200-15060-15000-14920 and the resistance to the up move is at 15380-15420-15520-15600 levels.

BSE Sensex: (24551) The support for the Sensex is at 24488-24380-24200-24120 and the resistance to the up move is at 24680-24840-24915-24988 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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Share Market Tips for – Tuesday, March 15, 2016

equitypandit_square

Some Correction Would Be Seen, Buy At Dips Until BankNifty Holds 15000

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that Indian Stock Market is in positive trend hence traders should go long at every dip in the market and exactly same happened. Traders, who followed EquityPandit’s advice to go long at dips in the market might have earned huge profits for the day. Indian Stock Market closed positive just below EquityPandit’s predicted resistance levels of 7550 for Nifty and 24820 for Sensex. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open flat for the day. Technically, Analysis would still remain same and Indian Stock Market is still in positive zone. BankNifty, once breaches levels of 15550, then we may see a sharp breakout in Indian Stock Market and can conclude that the lows have been made for the year, until then some correction would be seen but those correction would be temporary in nature. Overall, Indian Stock Market is positive and Traders should go long at every correction in the Nifty and BankNifty until 15000 levels holds by the closing. Below 15000 levels for BankNifty, the risk of breakdown exists, so consider 15000 as stoploss on closing basis for BankNifty. Next Target for Nifty is 7620-7700. FIIs are continuous buyers in Indian Stock Market for the whole month of March and it is a positive sign for the Indian Stock Market. FIIs were again net buyers of Rs.1035.63 crores whereas DIIs were net sellers of Rs.805.34 crores in last trading session. Nifty would see strong support at 7515-7485-7434-7400 whereas strong resistance would be seen at 7585-7620-7663-7700 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: (7539) The support for the Nifty is 7515-7485-7434-7400 and the resistance to the up move is at 7585-7620-7663-7700 levels.

NSE BankNifty: (15278) The support for BankNifty is at 15200-15060-15000-14920 and the resistance to the up move is at 15380-15420-15520-15600 levels.

BSE Sensex: (24804) The support for the Sensex is at 24730-24550-24488-24380 and the resistance to the up move is at 24915-24988-25060-25120 levels.

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

Premium Subscription Pricing details can be seen at Stock Market Premium Services

Share Market Tips for – Monday, March 14, 2016

equitypandit_square

Market Would See Positive Rally, Go Long At Every Dip

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with 1 points negative for Nifty. EquityPandit predicted that market would see further correction but traders should go long near EquityPandit’s predicted support levels as market would bounceback from those support levels and exactly same happened. Traders, who followed EquityPandit’s advice to go long near supports might have earned huge profits for the day. Nifty saw highs just near EquityPandit’s predicted resistance levels of 7550. Sensex also saw highs near EquityPandit’s predicted resistance levels of 24820 like a dot. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open gap positive for the day. Technically, Indian Stock Market is still in positive zone. BankNifty, once breaches levels of 15550, then we may see a sharp breakout in Indian Stock Market and can conclude that the lows have been made for the year, until then some temporary correction can be seen. Overall, Indian Stock Market is positive and Traders should go long at every dip in the market and hold long positions. Next Target for Nifty is 7620-7700. FIIs are continuous buyers in Indian Stock Market for the whole month of March and it is a positive sign for the Indian Stock Market. FIIs were again net buyers of Rs.368.36 crores whereas DIIs were net sellers of Rs.432.81 crores in last trading session. Nifty would see strong support at 7485-7440-7400-7367 whereas strong resistance would be seen at 7550-7620-7663-7700 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: (7510) The support for the Nifty is 7485-7440-7400-7367 and the resistance to the up move is at 7550-7620-7663-7700 levels.

NSE BankNifty: (15168) The support for BankNifty is at 15060-15000-14920-14850 and the resistance to the up move is at 15380-15520-15600 levels.

BSE Sensex: (24718) The support for the Sensex is at 24550-24488-24380-24200 and the resistance to the up move is at 24820-24915-24988-25060 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 (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for Colgate Palmoilve for the week (March 14, 2016 – March 18, 2016):

 

COLGATE PALMOLIVE:

 

 

COLPAL

 

Colgate Palmolive closed the week on negative note losing around 3.90%.

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 790 and bounce to close the week around the levels of 813.

Support for the stock lies in the zone of 790 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 short term moving averages, 500 Daily SMA and 100 Weekly SMA is lying.

Broad range for the stock is seen between 780 to 790 on lower end and 850 to 860 on upper end.

Dabur Outlook for the Week (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for DABUR for the week (March 14, 2016 – March 18, 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 251 and close the week 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 250 to 255 on upper end.

Hindustan Unilever Outlook for the Week (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (March 14, 2016 – March 18, 2016):

 

HINDUSTAN UNILEVER:

 

 

HINDUNILVR

 

HIND Unilever closed the week on absolutely flat note.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 824 and bounce to close the week around the levels of 852.

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 820 to 830 on downside and 870 to 880 on upside.

ITC Outlook for the Week (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for ITC for the week (March 14, 2016 – March 18, 2016):

 

ITC:

 

 

ITC

 

ITC 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 310 to 315 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 295 to 300 where the stock had opened a gap up on 01-03-2016. During the week the stock manages to hit a low of 312.7 and bounce to close the week around the levels of 321.

Support for the stock lies in the zone of 310 to 315 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 295 to 300 where the stock had opened a gap up on 01-03-2016.

Resistance for the stock lies in the zone of 320 to 325 where 100 & 200 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 340 where 500 Daily SMA is lying.

Broad range for the stock in coming week is seen between 300 to 305 on downside and 330 to 340 on upside.

Cipla Outlook for the Week (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for Cipla for the week (March 14, 2016 – March 18, 2016):

 

CIPLA:

 

 

CIPLA

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a high of 549 and close the week around the levels of 535.

Minor support for the stock is lying around the levels of 515 to 520. 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 570 to 580 where short term moving averages and 500 Daily SMA is lying.

Broad range for the stock is seen in the range of 510 – 515 on downside to 560 – 565 on upside.

Dr. Reddy Outlook for the Week (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (March 14, 2016 – March 18, 2016):

 

DR. REDDY:

 

 

DRREDDY

 

Dr Reddy 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 3250 to 3300 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 3330 to 3350 where the stock has opened a gap down on 26/11/2015. During the week the stock manages to hit a high of 3270 and close the week around the levels of 3210.

Support for the stock lies in the zone of 3120 to 3140 where the neckline of the inverse Head & Shoulder pattern of the stock is lying. If the stock manages to close below this levels then the stock can drift to the levels of 2950 to 2980 where short term moving averages and gap is lying.

Resistance for the stock lies in the zone of 3250 to 3300 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 3330 to 3350 where the stock has opened a gap down on 26/11/2015.

The stock has formed a Inverse Head & Shoulder pattern on daily charts. The target for this pattern lies in the zone of 3500.

Broad range for the stock is seen from 3120 – 3150 on downside to 3300 – 3350 on upside.

Lupin Outlook for the Week (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for Lupin for the week (March 14, 2016 – March 18, 2016):

 

LUPIN:

 

 

LUPIN

 

Lupin closed the week on positive note gaining around 4.30%.

As we have mentioned last week that support for the stock lies in the range of 1740 to 1760 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 1700 to 1720 where the stock has broken out after 2 weeks of consolidation is lying. During the week the stock manages to hit a low of 1760 and bounce to close the week around the levels of 1856.

Support for the stock lies in the range of 1820 where 100 & 200 Daily SMA is lying. If the stock manages to close below this levels then the stock can drift to the levels of 1740 to 1760 where short term moving averages are lying.

Resistance for the stock lies in the range of 1900 where the stock has made a top in the month of Feb – 2016. If the stock manages to close above this levels then the stock can move to the levels of 2100 where trend-line joining earlier highs is lying.

Broad range for the stock is seen from 1800 – 1820 on downside to 1880 – 1900 on upside.

Sun Pharma Outlook for the Week (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (March 14, 2016 – March 18, 2016):

 

SUN PHARMA:

 

 

SUNPHARMA

 

SUN PHARMA closed the week on positive note gaining around 1.30%.

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 837 and bounce to close the week around the levels of 868.

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 (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for Wipro for the week (March 14, 2016 – March 18, 2016):

WIPRO:

 

 

WIPRO

 

Wipro closed the week on positive note gaining around 0.30%.

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 544 and close the week around the levels of 538.

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.

Resistance for the stock lies in the range 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 (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for HCL Tech for the week (March 14, 2016 – March 18, 2016):

 

HCL TECHNOLOGIES:

 

 

HCLTECH

 

HCL Tech closed the week on negative note losing around 1.30%.

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 801 and bounce to close the week around the levels of 824.

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 (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for TCS for the week (March 14, 2016 – March 18, 2016):  

TATA CONSULTANCY SERVICES:

 

 

TCS

 

TCS closed the week on positive note gaining around 0.30%.

As we have mentioned last week that the resistance for the stock lies in the zone of 2400 where 100 Daily SMA is positioned. If the stock manages to close above this levels then the stock can move to the levels of 2450 to 2480 where 200 & 500 Daily SMA is lying. During the week the stock manages to hit a high of 2391 and close the week around the levels of 2364.

Support for the stock lies in the range of 2300 to 2320 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 2150 to 2200 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone of 2400 where 100 Daily SMA is positioned. If the stock manages to close above this levels then the stock can move to the levels of 2450 to 2480 where 200 & 500 Daily SMA is lying.

Broad range for the stock in the coming week is seen between 2300 to 2320 on downside to 2460 to 2480 on upside.

Infosys Outlook for the Week (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for Infosys for the week (March 14, 2016 – March 18, 2016):

 

INFOSYS:

 

 

INFY

 

INFY closed the week on negative note losing around 2.50%.

As we have mentioned last week that support for the stock lies in the zone of 1110 to 1130 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. During the week the stock manages to hit a low of 1138 and close the week around the levels of 1142.

Support for the stock lies in the zone of 1110 to 1130 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 1200 where trend-line joining earlier highs is positioned. If the stock manages to close above this levels then the stock can move to the levels of 1250 and the stock will breakout out of the 1 year consolidation range of 1000 to 1200.

Broad range for the stock in the coming week is seen between 1120 to 1130 on downside to 1170 to 1180 on upside.

SBI Outlook for the Week (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for SBI for the week (March 14, 2016 – March 18, 2016):

 

STATE BANK OF INDIA:

 

 

SBIN

 

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

As we have mentioned last week that support for the stock lies in the zone of 165 to 170 where the stock has a gap up opening on 02-03-2016. If the stock manages to close 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 177.5 and close the week around the levels of 180.

Support for the stock lies in the zone of 165 to 170 where the stock has a gap up opening on 02-03-2016. If the stock manages to close below this levels then the stock can drift to the levels of 150 where monthly trend-line support for the stock is positioned.

Minor resistance for the stock lies in the range of 190. Resistance for the stock lies in the zone of 205 to 210 where 100 Daily SMA and 500 Weekly SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 225 where 1000 Daily SMA and 200 Weekly SMA is lying.

Broad range for the stock in the coming week can be 165 to 170 on lower side to 205 to 210 on upper side.

Axis Bank Outlook for the Week (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for Axis Bank for the week (March 14, 2016 – March 18, 2016):

 

AXIS BANK:

 

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 0.80%.

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 374 and bounce to close the week around the levels of 417.

Support for the stock lies in the zone of 390 to 400 where the stock had a gap up opening on 02-03-2016. If the stock manages to close below this levels then the stock can drift to the levels of 365 to 375 where the stock has formed a double bottom.

Minor resistance for the stock lies in the zone of 420. Resistance for the stock lies in the zone of 440 where 100 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 460 where 500 Daily SMA is lying.

Broad range for the stock in the coming week can be 390 – 400 on lower side to 435 – 440 on upper side.

ICICI Bank Outlook for the Week (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (March 14, 2016 – March 18, 2016):

 

ICICI BANK:

 

 

ICICIBANK

 

ICICI 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 205 to 210 where 500 Weekly SMA and 100 Monthly SMA is lying. If the stock manages to close below this levels then the stock can drift to the levels of 175 to 180 where the stock has formed a short term bottom. During the week the stock manages to hit a low of 210 and close the week around the levels of 215.

Support for the stock lies in the zone of 205 to 210 where 500 Weekly SMA and 100 Monthly SMA is lying. If the stock manages to close below this levels then the stock can drift to the levels of 175 to 180 where the stock has formed a short term bottom.

The stock has closed around the resistance zone of 215 to 220 from where the stock has broken down the lows of Jan – 2016. If the stock manages to close above this levels then the stock can move to the levels of 240 to 245 from where the stock has broken down in the month of Dec – 2015 and 100 Daily SMA is lying.

Broad range for the stock in the coming week can be 200 – 205 on lower side to 235 – 240 on upper side.

HDFC Bank Outlook for the Week (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (March 14, 2016 – March 18, 2016):

 

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on positive note gaining around 0.90%.

As we have mentioned last week that the stock has closed around the resistance zone of 1020 to 1030 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 1050 where 100 & 200 Daily SMA is lying. During the week the stock manages to hit a high of 1030.8 and close the week around the levels of 1030.

Support for the stock lies in the zone of 990 to 1000 where 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 950 to 960 where 500 Daily SMA and 100 Weekly SMA are positioned.

The stock has closed around the resistance zone of 1020 to 1030 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 1050 where 100 & 200 Daily SMA is lying.

Broad range for the stock in the coming week can be 1000 on lower side to 1060 on upper side.

Nifty Auto Outlook for the Week (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (March 14, 2016 – March 18, 2016):

 

NIFTY AUTO:

 

 

NIFTYAUTO

 

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

As we have mentioned last week that the index has closed around the strong resistance zone of 7500 to 7600 where short term moving averages. If the index manages to close above this levels then the index can move to the levels of 7800 to 7900 where 100 & 500 Daily SMA is lying. During the week the index manages to hit a high of 7751 and close the week around the levels of 7719.

Support for the index lies in the zone of 7400 to 7500 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 7000 to 7100 where channel support for the index is lying.

Resistance for the index lies in the zone of 7800 to 7900 where 100 & 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 200 Daily SMA is lying.

Broad range for the index is seen from 7400 to 7500 on downside to 7900 to 8000 on upside.

Nifty Energy Outlook for the Week (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (March 14, 2016 – March 18, 2016):

 

NIFTY ENERGY:

 

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 0.70%.

As we have mentioned last week that resistance for the index lies in the zone of 8100 to 8200 where 100, 200 and 1000 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8700 where 500 Daily SMA is lying. During the week the index manages to hit a high of 8259 and close the week around the levels of 8114.

Minor support for the index lies in the zone of 7700 to 7800. 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 8100 to 8200 where 100, 200 and 1000 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8700 where 500 Daily SMA is lying.

Broad range for the index is seen between 7800 to 7850 on downside to 8300 to 8350 on upside.

Nifty Pharma Outlook for the Week (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (March 14, 2016 – March 18, 2016):

 

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on positive note gaining around 1.40%.

As we have mentioned last week that resistance for the index lies in the zone of 11400 to 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 11710 and close the week around the levels of 11704.

Support for the index lies in the zone of 11400 to 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 where channel support and 500 Daily SMA is lying.

Resistance for the index lies in the zone of 11800 to 12000 where a gap which was created by the index on 09/11/2015 and 100 Daily SMA are positioned. If the index manages to close above this levels then the index can move to the levels of 12100 to 12200 where 200 Daily SMA is lying.

Broad range for the index is seen from 11400 to 11500 on downside to 12000 to 12100 on upside.

 

Nifty FMCG Outlook for the Week (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (March 14, 2016 – March 18, 2016):  

NIFTY FMCG:

 

NIFTYFMCG

 

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

As we have mentioned last week that the index has closed around the strong resistance zone of 19500 to 19600 where 100 & 500 Daily SMA and channel resistance is lying. If the index manages to close above this levels then the index can move to the levels of 19800 to 20000 where 200 Daily SMA is lying. During the week the index manages to hit a high of 19409 and close the week around the levels of 19374.

The index has closed around the strong resistance zone of 19500 to 19600 where 100 & 500 Daily SMA and channel resistance is lying. If the index manages to close above this levels then the index can move to the levels of 19800 to 20000 where 200 Daily SMA is lying.

Minor support for the index lies in the zone of 18600 to 18800 where the index has formed a short term top. 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 18500 on downside to 19800 on upside.

 

 

Nifty IT Outlook for the Week (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (March 14, 2016 – March 18, 2016):

NIFTY IT:

 

NIFTYIT

 

Nifty IT index ended 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 10600 to 10700 from where the index has broken down from the lows of Jan – 2016. If the index manages to close below this levels then the index can drift to the levels 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 10733 and close the week around the levels of 10828.

Support 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 below this levels then the index can drift to the levels of 10400 from where the index has broken out in the month of August – 2014.

The index has closed around the strong resistance zone of 10900 to 11000 where 100 & 500 Daily SMA and 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 11200 to 11400 where 200 Daily SMA is lying.

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

Nifty Bank Outlook for the Week (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (March 14, 2016 – March 18, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on negative note losing around 0.90%.

As we have mentioned last week that support for the index lies in the zone of 14500 to 14700 where the index has made a gap on 02-03-2016. If the index manages to close below this levels then the index can drift to the levels 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. During the week the index manages to hit a low of 14990 and close the week around the levels of 15199.

Support for the index lies in the zone of 14500 to 14700 where the index has made a gap on 02-03-2016. If the index manages to close below this levels then the index can drift to the levels 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.

Resistance for the index lies in the zone of 15600 to 15800 where the index has made a low in the month of September – 2015. If the index manages to close above this levels then the index can move to the levels of 16200 where 100 Daily SMA is lying.

Range for the week is seen from 14500 to 14700 on downside to 15800 to 16000 on upside.

Nifty Outlook for the Week (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for Nifty for week (March 14, 2016 – March 18, 2016):

 

NIFTY:

 

NSE Nifty

 

Nifty ended the week on positive note gaining around 0.40%.

As we have mentioned last week that index has closed around the resistance zone of 7500 from where the index has broken down after making the double bottom pattern. If the index manages to close above this levels then the index can move to the levels of 7700 where 100 Daily SMA is lying. During the week the index manages to hit a high of 7547 and close the week around the levels of 7514.

Support for the index lies in the zone of 7230 to 7280 from where the index has broken out of the short term top. If the index manages to close below this levels then the index can drift to the levels of 6900 where channel support for the index is lying.

Index has closed around the resistance zone of 7500 to 7550 from where the index has broken down after making the double bottom pattern. If the index manages to close above this levels then the index can move to the levels of 7700 where 100 Daily SMA is lying.

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 7300 on downside to 7700 on upside.

Share Market Tips for – Friday, March 11, 2016

equitypandit_square

Market Would See Further Correction, Go Long Near Supports

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive. EquityPandit predicted that temporary correction would be seen in Indian Stock Market but traders should buy at dips and exactly same happened. Indian Stock Market fell down sharply after opening positive. Nifty saw highs right near EquityPandit’s predicted resistance levels of 7550 and fell down sharply to see lows near EquityPandit’s predicted support levels of 7440. Sensex and BankNifty also saw movement between EquityPandit’s predicted support and resistance levels. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open flat for the day. Technically, Indian Stock Market is still in positive zone but we would continue to see correction in the market. 7360 is important level for Nifty by closing, below which Nifty would again enter into negative zone. BankNifty, may again become weak, if not able to hold 15000 levels. BankNifty would enter into negative zone, if it closes below 14850 levels. Traders should wait for some correction and go long just near EquityPandit’s predicted support levels with small stoploss. Traders can initiate fresh short positions, if Nifty closes below 7360 and BankNifty closes below 14850 levels. FIIs are continuous buyers in Indian Stock Market and it is a good sign for the market. FIIs were again net buyers of Rs.1063.11 crores whereas DIIs were net sellers of Rs.598.03 crores in last trading session. Nifty would see strong support at 7440-7400-7367-7330 whereas strong resistance would be seen at 7500-7550-7620-7663 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

NSE Nifty: (7486) The support for the Nifty is 7440-7400-7367-7330 and the resistance to the up move is at 7500-7550-7620-7663 levels.

NSE BankNifty: (15181) The support for BankNifty is at 15060-15000-14920-14850 and the resistance to the up move is at 15380-15520-15600 levels.

BSE Sensex: (24623) The support for the Sensex is at 24488-24380-24200 and the resistance to the up move is at 24820-24915-24988-25060 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, March 10, 2016

equitypandit_square

Market In Positive Trend, Hold Long Positions and Buy At Dips

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative for the day. EquityPandit predicted that market would see some correction (negative movement) for the day but traders should go long at dips and exactly same happened. Nifty opened gap negative and recovered from day lows. Traders, who have gone long at those levels as per EquityPandit’s predictions might have earned huge profits for the day. Nifty saw strong resistance at EquityPandit’s predicted resistance levels of 7550. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open positive for the day. Technically, Indian Stock Market is still in positive zone and market would continue to move positive in days to come. Some temporary correction may be seen but that correction would be an opportunity for traders to go long. Next target for Nifty is at 7700. FIIs are continuous buyers in Indian Stock Market and it is a good sign for the market. FIIs were again net buyers of Rs.462.86 crores whereas DIIs were net sellers of Rs.823.56 crores in last trading session. Nifty would see strong support at 7495-7440-7400-7367 whereas strong resistance would be seen at 7550-7620-7663-7700 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: (7532) The support for the Nifty is 7495-7440-7400-7367 and the resistance to the up move is at 7550-7620-7663-7700 levels.

NSE BankNifty: (15279) The support for BankNifty is at 15200-15060-15000-14920 and the resistance to the up move is at 15380-15520-15600 levels.

BSE Sensex: (24794) The support for the Sensex is at 24660-24488-24380 and the resistance to the up move is at 24915-24988-25060-25120 levels.

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

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Share Market Tips for – Wednesday, March 09, 2016

equitypandit_square

Market would See Some Correction, Traders Should Buy At Dips

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day with 1 point positive for Nifty. EquityPandit predicted that some profit booking (negative movement) can’t be ruled out but traders should buy at dips and exactly same happened. Indian Stock Market saw strong resistance right near EquityPandit’s predicted resistance levels of 7520 for Nifty and 24786 for Sensex and fell down from there. BankNifty fell down sharply but saw strong support right near EquityPandit’s predicted support levels of 15060 like a dot. Sensex also closed right at EquityPandit’s predicted resistance levels of 24660 like a dot. Finally, Indian Stock Market recovered but anyhow closed negative for the day.

Today: Indian Stock Market would open negative for the day. Technically, Indian Stock Market is still in positive zone but some further profit booking (negative movement) would be seen in the market. Now as per the retracement theory, Nifty and BankNifty would see some negative reaction (correction) and would settle down near 7300-7250 for Nifty and 14850-14600 for BankNifty. Once the market settles at those levels, we would again see another positive rally from there. FIIs were huge buyers into Indian Stock Market for 5 consecutive days for the first time in last 4 months and that’s the good sign for Indian Stock Market. FIIs were again net buyers of Rs.775.07 crores whereas DIIs were net sellers of Rs.1341.51 crores in last trading session. Nifty would see strong support at 7440-7400-7367-7330 whereas strong resistance would be seen at 7550-7620-7663-7700 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: (7485) The support for the Nifty is 7440-7400-7367-7330 and the resistance to the up move is at 7550-7620-7663-7700 levels.

NSE BankNifty: (15339) The support for BankNifty is at 15240-15060-15000-14920 and the resistance to the up move is at 15380-15520-15600 levels.

BSE Sensex: (24659) The support for the Sensex is at 24488-24380-24206 and the resistance to the up move is at 24660-24786-24915-24988 levels.

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Share Market Tips for – Tuesday, March 08, 2016

equitypandit_square

Some Profit Booking Would Be Seen, Traders Should Buy At Dips

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. EquityPandit predicted that market is still in positive zone and traders should go long at every dip in the market. EquityPandit also predicted that Nifty would see strong resistance at 7505 levels and exactly same happened. Nifty opened flat and saw highs right at EquityPandit’s predicted resistance levels of 7505 like a dot. Finally, Nifty achieved EquityPandit’s predicted targets of 7500. BankNifty also saw lows right at EquityPandit’s predicted support levels of 15000 like a dot. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open flat for the day. Technically, Indian Stock Market is still in positive zone. Some profit booking (Negative movement) can’t be ruled out at this point of time but overall market is in positive momentum. Now, Nifty needs to breach levels of 7520 by closing to see another positive breakout. Now 7335 is important closing level for Nifty below which Nifty may enter into negative zone. traders can continue to go long at dips or hold long positions until 7335 is taken out on the negative side. Pharma sector is yet to perform and looks like pharma would see momentum in upcoming days. FIIs were huge buyers into Indian Stock Market for consecutive 4 days for the first time in last 4 months and that’s the good sign for Indian Stock Market. FIIs were again net buyers of Rs.671.57 crores whereas DIIs were net sellers of Rs.533.10 crores in last trading session. Nifty would see strong support at 7400-7367-7330-7308 whereas strong resistance would be seen at 7520-7620-7663-7700 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: (7485) The support for the Nifty is 7400-7367-7330-7308 and the resistance to the up move is at 7520-7620-7663-7700 levels.

NSE BankNifty: (15339) The support for BankNifty is at 15240-15060-15000-14920 and the resistance to the up move is at 15380-15520-15600 levels.

BSE Sensex: (24646) 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 (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for Colgate Palmoilve for the week (March 08, 2016 – March 11, 2016):

 

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on positive note gaining around 1.70%.

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 808 and bounce to close the week around the levels of 846.

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 short term moving averages, 500 Daily SMA and 100 Weekly SMA is lying.

Broad range for the stock is seen between 810 to 815 on lower end and 870 to 880 on upper end.

Dabur Outlook for the Week (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for DABUR for the week (March 08, 2016 – March 11, 2016):

 

DABUR:

 

DABUR

 

Dabur closed the week on positive note gaining around 3.40%.

As we have mentioned last week that resistance for the stock lies in the zone of 250 from where the stock has broken down from the large Head & Shoulder pattern which the stock has formed during the whole 2015. If the stock closes above this levels then the stock can move to the levels of 260 to 270 where short term moving averages are positioned. During the week the stock manages to hit a high of 253 and close the week around the levels of 249.

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 (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (March 08, 2016 – March 11, 2016):

 

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on absolutely flat note.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 818 and bounce to close the week around the levels of 848.

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 820 to 830 on downside and 870 to 880 on upside.

ITC Outlook for the Week (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for ITC for the week (March 08, 2016 – March 11, 2016):

 

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 8.30%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 268 and bounce to close the week around the levels of 315.

Support for the stock lies in the zone of 310 to 315 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 295 to 300 where the stock had opened a gap up on 01-03-2016.

Resistance for the stock lies in the zone of 320 to 325 where 100 & 200 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 340 where 500 Daily SMA is lying.

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

Cipla Outlook for the Week (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for Cipla for the week (March 08, 2016 – March 11, 2016):

 

CIPLA:

 

CIPLA

 

CIPLA closed the week on positive note gaining around 2.60%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 546 and close the week around the levels of 537.

Minor support for the stock is lying around the levels of 505 to 510. 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 510 – 515 on downside to 560 – 565 on upside.

Dr. Reddy Outlook for the Week (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (March 08, 2016 – March 11, 2016):

 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 8.70%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 2978 and bounce to close the week around the levels of 3253.

Support for the stock lies in the zone of 3120 to 3140 where the neckline of the inverse Head & Shoulder pattern of the stock is lying. If the stock manages to close below this levels then the stock can drift to the levels of 2950 to 2980 where short term moving averages and gap is lying.

Resistance for the stock lies in the zone of 3250 to 3300 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 3330 to 3350 where the stock has opened a gap down on 26/11/2015.

The stock has formed a Inverse Head & Shoulder pattern on daily charts. The target for this pattern lies in the zone of 3500.

Broad range for the stock is seen from 2950 – 3000 on downside to 3300 – 3350 on upside.

Lupin Outlook for the Week (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for Lupin for the week (March 08, 2016 – March 11, 2016):

 

LUPIN:

 

LUPIN

 

Lupin closed the week on positive note gaining around 3.10%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 1819 and close the week around the levels of 1780.

Support for the stock lies in the range of 1740 to 1760 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 1700 to 1720 where the stock has broken out after 2 weeks of consolidation is lying.

Resistance for the stock lies in the range of 1820 where 100 & 200 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 1900.

Broad range for the stock is seen from 1730 – 1750 on downside to 1840 – 1860 on upside.

Sun Pharma Outlook for the Week (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (March 08, 2016 – March 11, 2016):

 

SUN PHARMA:

 

SUNPHARMA

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 880.80 and close the week around the levels of 857.

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 (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for Wipro for the week (March 08, 2016 – March 11, 2016):

WIPRO:

 

WIPRO

 

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

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 535.

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.

Resistance for the stock lies in the range 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 (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for HCL Tech for the week (March 08, 2016 – March 11, 2016):

 

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on positive note gaining around 1.30%.

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 795 and bounce to close the week around the levels of 835.

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 (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for TCS for the week (March 08, 2016 – March 11, 2016):

 

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on positive note gaining around 6.70%.

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 2391 and close the week around the levels of 2358.

Support for the stock lies in the range of 2310 to 2330 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 2150 to 2200 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone of 2400 where 100 Daily SMA is positioned. If the stock manages to close above this levels then the stock can move to the levels of 2450 to 2480 where 200 & 500 Daily SMA is lying.

Broad range for the stock in the coming week is seen between 2300 to 2320 on downside to 2460 to 2480 on upside.

Infosys Outlook for the Week (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for Infosys for the week (March 08, 2016 – March 11, 2016):

 

INFOSYS:

 

INFY

 

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

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 1193 and close the week around the levels of 1171.

Support for the stock lies in the zone of 1110 to 1130 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 1200 where trend-line joining earlier highs is positioned. If the stock manages to close above this levels then the stock can move to the levels of 1250 and the stock will breakout out of the 1 year consolidation range of 1000 to 1200.

Broad range for the stock in the coming week is seen between 1120 to 1130 on downside to 1200 to 1220 on upside.

SBI Outlook for the Week (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for SBI for the week (March 08, 2016 – March 11, 2016):

 

STATE BANK OF INDIA:

 

SBIN

 

SBIN closed the week on positive note gaining around 21.30%.

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 153 and bounce to close the week around the levels of 189.

Support for the stock lies in the zone of 165 to 170 where the stock has a gap up opening on 02-03-2016. If the stock manages to close 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 205 to 210 where 100 Daily SMA and 500 Weekly SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 225 where 1000 Daily SMA and 200 Weekly SMA is lying.

Broad range for the stock in the coming week can be 165 to 170 on lower side to 205 to 210 on upper side.

Axis Bank Outlook for the Week (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for Axis Bank for the week (March 08, 2016 – March 11, 2016):

 

AXIS BANK:

 

AXISBANK

 

 

Axis Bank closed the week on positive note gaining around 8.10%.

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 374 and bounce to close the week around the levels of 417.

Support for the stock lies in the zone of 390 to 400 where the stock had a gap up opening on 02-03-2016. If the stock manages to close below this levels then the stock can drift to the levels of 365 to 375 where the stock has formed a double bottom.

Resistance for the stock lies in the zone of 440 where 100 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 460 where 500 Daily SMA is lying.

Broad range for the stock in the coming week can be 385 – 390 on lower side to 435 – 440 on upper side.

ICICI Bank Outlook for the Week (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (March 08, 2016 – March 11, 2016):

 

ICICI BANK:

 

ICICIBANK

 

 

ICICI Bank closed the week on positive note gaining around 20.00%.

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 225 and close the week around the levels of 221.

Support for the stock lies in the zone of 205 to 210 where 500 Weekly SMA and 100 Monthly SMA is lying. If the stock manages to close below this levels then the stock can drift to the levels of 175 to 180 where the stock has formed a short term bottom.

The stock has closed around the resistance zone of 215 to 220 from where the stock has broken down the lows of Jan – 2016. If the stock manages to close above this levels then the stock can move to the levels of 240 to 245 from where the stock has broken down in the month of Dec – 2015 and 100 Daily SMA is lying.

Broad range for the stock in the coming week can be 200 – 205 on lower side to 235 – 240 on upper side.

HDFC Bank Outlook for the Week (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (March 08, 2016 – March 11, 2016):

 

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on positive note gaining around 6.70%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 1025 and close the week around the highest levels.

Support for the stock lies in the zone of 980 to 990 where 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 950 to 960 where 500 Daily SMA and 100 Weekly SMA are positioned.

The stock has closed around the resistance zone of 1020 to 1030 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 1050 where 100 & 200 Daily SMA is lying.

Broad range for the stock in the coming week can be 990 on lower side to 1060 on upper side.

Nifty Energy Outlook for the Week (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (March 08, 2016 – March 11, 2016):

 

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 4.50%.

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 7570 and bounce to close the week around the levels of 8058.

Minor support for the index lies in the zone of 7700 to 7800. 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 8100 to 8200 where 100, 200 and 1000 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8700 where 500 Daily SMA is lying.

Broad range for the index is seen between 7750 to 7800 on downside to 8200 to 8250 on upside.

Nifty Auto Outlook for the Week (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (March 08, 2016 – March 11, 2016):

 

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 6.00%.

As we have mentioned last week that 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. During the week the index manages to hit a low of 6984 and bounce to close the week around the levels of 7597.

Minor support for the index lies in the zone of 7250. 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. If the index manages to close above this levels then the index can move to the levels of 7800 to 7900 where 100 & 500 Daily SMA is lying.

Broad range for the index is seen from 7200 to 7300 on downside to 7800 to 7900 on upside.

Nifty Pharma Outlook for the Week (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (March 08, 2016 – March 11, 2016):

 

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on positive note gaining around 3.40%.

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 11603 and close the week around the levels of 11545.

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 11400 to 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 11100 to 11200 on downside to 11800 to 12000 on upside.

Nifty IT Outlook for the Week (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (March 08, 2016 – March 11, 2016):

 

NIFTY IT:

NIFTYIT

 

Nifty IT index ended the week on positive note gaining around 5.10%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 11090 and close the week around the levels of 11000.

Support 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 below this levels then the index can drift to the levels of 10400 from where the index has broken out in the month of August – 2014.

The index has closed around the strong resistance zone of 10900 to 11000 where 100 & 500 Daily SMA and 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 11200 to 11400 where 200 Daily SMA is lying.

Broad range for the index in the coming week is seen from 10400 on downside to 11200 on upside.

Nifty Bank Outlook for the Week (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (March 08, 2016 – March 11, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 11.60%.

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 13407 and bounce to close the week around the levels of 15395.

Support for the index lies in the zone of 14500 to 14700 where the index has made a gap on 02-03-2016. If the index manages to close below this levels then the index can drift to the levels 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.

Resistance for the index lies in the zone of 15600 to 15800 where the index has made a low in the month of September – 2015. If the index manages to close above this levels then the index can move to the levels of 16200 where 100 Daily SMA is lying.

Range for the week is seen from 14500 to 14700 on downside to 15800 to 16000 on upside.

Nifty Outlook for the Week (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for Nifty for week (March 08, 2016 – March 11, 2016):

 

NIFTY:

 

NSE Nifty

 

 

Nifty ended the week on positive note gaining around 6.70%.

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 7506 and close the week around the highest levels.

Support for the index lies in the zone of 7230 to 7280 from where the index has broken out of the short term top. If the index manages to close below this levels then the index can drift to the levels of 6900 where channel support for the index is lying.

Index has closed around the resistance zone of 7500 from where the index has broken down after making the double bottom pattern. If the index manages to close above this levels then the index can move to the levels of 7700 where 100 Daily SMA is lying.

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 7200 on downside to 7700 on upside.

Share Market Tips for – Friday, March 04, 2016

equitypandit_square

Market Still In Positive Momentum, Buy At Every Dip In The Market

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that Indian Stock Market is still in positive zone and traders can continue to hold long positions as of now. EquityPandit also predicted that we would continue to see sharp positive movement and exactly same happened. Traders, who followed EquityPandit’s advice to go long might have earned huge profits in last 4 trading sessions. Nifty closed right at EquityPandit’s predicted resistance levels of 7475 like a dot. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open flat with positive bias. Technically, Indian Stock Market is still in positive zone. The trade for now is to hold the long positions. Every downfall would be an opportunity for traders to go long. Market has already seen its bottom for the year and now we may continue to see positive movement. Traders can continue to hold long positions as of now. Some profit booking can’t be ruled out but overall market would remain positive for now and next targets for Nifty is 7500-7700. Once Nifty breaches 7520 levels, it would see further positive momentum. FIIs were huge buyers into Indian Stock Market for consecutive 3 days for the first time in last 4 months and that’s the good sign for Indian Stock Market. FIIs were again net buyers of Rs.911.98 crores whereas DIIs were net sellers of Rs.464.75 crores in last trading session. Nifty would see strong support at 7400-7367-7330-7308 whereas strong resistance would be seen at 7505-7620-7663-7700 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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NSE Nifty: (7476) The support for the Nifty is 7400-7367-7330-7308 and the resistance to the up move is at 7505-7620-7663-7700 levels.

NSE BankNifty: (15178) The support for BankNifty is at 15000-14920-14825-14700 and the resistance to the up move is at 15240-15380-15520-15600 levels.

BSE Sensex: (24607) The support for the Sensex is at 24488-24380-24206 and the resistance to the up move is at 24660-24786-24915-24988 levels.

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Share Market Tips for – Thursday, March 03, 2016

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Indian Stock Market Would Continue To See Positive Rally

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day with 100 points for Nifty and 270 points for Sensex. EquityPandit predicted that market would continue to see sharp positive movement and traders can continue to hold long positions as of now. EquityPandit also predicted that BankNifty would achieve EquityPandit’s target of 15000 levels and exactly same happened. Traders, who followed EquityPandit’s advice might have earned whooping profits for the day. Nifty also moved sharply positive and saw highs right at EquityPandit’s predicted resistance levels of 7380 like a dot. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open gap positive for the day. Technically, Indian Stock Market is still in positive zone. Traders can continue long positions as of now until 7209 levels holds by closing. Now, next logical targets for Nifty is 7500-7700. Traders should add long positions at every dip in the market. We may continue to see sharp positive movement in days to come. FIIs were again net buyers of Rs.1437.5 crores whereas DIIs were net sellers of Rs.593.67 crores in last trading session. Nifty would see strong support at 7330-7308-7200-7120 whereas strong resistance would be seen at 7420-7475-7505-7620 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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NSE Nifty: (7369) The support for the Nifty is 7330-7308-7200-7120 and the resistance to the up move is at 7420-7475-7505-7620 levels.

NSE BankNifty: (15092) 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: (24243) 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 – Wednesday, March 02, 2016

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Market In Positive Zone, Sharp Recovery Would Be Seen

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted BankNifty is near support and traders can initiate long positions in BankNifty. EquityPandit also predicted that market saw lows right near ist major support levels and hence there is strong probability that market would recover sharply and exactly same happened. EquityPandit suggested traders to go long in Nifty with strict stoploss of 6820 levels and traders, who followed EquityPandit’s suggestions might have earned huge profits for the day. Nifty saw highs right near EquityPandit’s predicted resistance levels of 7240 like a dot. Finally, Indian Stock Market closed gap positive for the day with the highest 1-day gain since last 7 years on Sensex.

Today: Indian Stock Market would open gap positive for the day. Technically, BankNifty is still in positive zone and now, Nifty and Sensex also entered into positive zone. Traders can continue long positions as of now. Now, if Global market remains stable than Indian Stock Market would not breach lows of 6820 for Nifty again and we can consider that market has already seen the bottom for this year. As mentioned by EquityPandit in Nifty Outlook for the year 2016, Nifty has already achieved EquityPandit’s targets near 6800 levels. Now, It’s time for Positive rally. BankNifty would achieve the EquityPandit’s targets of 14700-15000 levels in upcoming days. Nifty should also see levels of 7300-7500 in upcoming days. FIIs were net buyers of Rs.2912.59 crores after a long time whereas DIIs were net sellers of Rs.834.59 crores in last trading session. Nifty would see strong support at 7120-7033-6995 whereas strong resistance would be seen at 7280-7300-7323-7380 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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NSE Nifty: (7222) The support for the Nifty is 7120-7033-6995 and the resistance to the up move is at 7280-7300-7323-7380 levels.

NSE BankNifty: (14413) The support for BankNifty is at 14340-14200-14120-13969 and the resistance to the up move is at 14504-14605-14700-15000 levels.

BSE Sensex: (23779) The support for the Sensex is at 23600-23508-23450-23312 and the resistance to the up move is at 23862-23938-24060-24200 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, March 01, 2016

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Market May See Some Recovery, Go Long With Stoploss At 6820 For Nifty

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that market may see strong support at 6820 levels whereas resistance would be seen around 7100 levels and exactly same happened. Indian Stock Market moved sharply negative to create a new 52-week lows of 6825, just near EquityPandit’s predicted support levels. Market recovered from day lows and saw highs just near EquityPandit’s predicted resistance levels of 7100. BankNifty also closed just at EquityPandit’s predicted resistance levels of 13950 like a dot. Finally, Indian Stock Market closed negative for the day but BankNifty outperformed the market for the day.

Today: Indian Stock Market would open positive for the day. Technically, BankNifty is strong and traders can initiate long positions in BankNifty. Indian Stock Market saw lows right near support levels and recovered from those levels, so there is strong probability that market would recover to some extent. Traders can initiate long positions in BankNifty and could take long positions home if BankNifty closes above 14008 levels. Breaching levels of 6820 for Nifty would force market to see a sharp breakdown. Traders can go long in Nifty on dips with strict stoploss below 6820 levels for Nifty. FIIs were net sellers of Rs.2018.02 crores whereas DIIs were net buyers of Rs.1445.25 crores in last trading session. Nifty would see strong support at 6968-6905-6820-6750 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: (6987) The support for the Nifty is 6968-6905-6820-6750 and the resistance to the up move is at 7100-7186-7240-7300 levels.

NSE BankNifty: (13946) The support for BankNifty is at 13818-13660-13500-13330 and the resistance to the up move is at 14008-14120-14200-14400 levels.

BSE Sensex: (23002) The support for the Sensex is at 22909-22600-22500 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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