Colgate Palmolive Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for Colgate Palmolive for the week (May 02, 2016 – May 06, 2016):

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on negative note losing around 1.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 850 to 860 from where the stock has broken down. If the stock manages to close above these 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 867 and close the week around the levels of 841.

Support for the stock lies in the zone of 825 to 830 where short term moving averages and the channel support for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 790 to 800 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 these 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 820 to 830 on lower end and 860 to 865 on upper end.

Dabur Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for DABUR for the week (May 02, 2016 – May 06, 2016):

DABUR:

 

DABUR

 

Dabur closed the week on positive note gaining around 4.10%.

As we have mentioned last week that the stock has closed around the strong resistance zone of 270 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 290. During the week the stock manages to hit a high of 279 and close the week around the levels of 276.

Resistance for the stock lies in the zone of 280 to 285 from where the stock has sold off in the month of Jan – 2016. If the stock manages to close above these levels then the stock can move to the levels of 300 to 305.

Support for the stock lies in the zone of 270 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 250 to 255 where 100 Daily SMA and trend-line support for the stock is lying.

Broad range for the stock is seen between 260 to 265 on lower end and 285 to 290 on upper end.

Hindustan Unilever Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (May 02, 2016 – May 06, 2016):

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on negative note losing around 1.80%.

As we have mentioned last week that support for the stock lies in the zone of 870 to 880 where trend-line joining earlier highs is positioned. If the stock manages to close below this levels then the stock can drift to the levels of 840 to 845 where 200 Daily SMA is lying. During the week the stock manages to hit a low of 859 and close the week around the levels of 868.

Support for the stock lies in the zone of 860 to 870 where trend-line joining earlier highs and short term moving averages are positioned. If the stock manages to close below this levels then the stock can drift to the levels of 840 to 845 where 200 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 900. Resistance for the stock lies in the zone of 930 to 940 from where the stock has sold off in the month of July-2016.

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

ITC Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for ITC for the week (May 02, 2016 – May 06, 2016):

ITC:

 

ITC

 

ITC closed the week on absolutely flat note.

As we have mentioned last week that the stock has closed around the strong support zone of 315 to 320 where 100, 200 & 1000 Daily SMA is lying. If the stock manages to close below these 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 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 these 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 these 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 345 to 350 on upside.

Cipla Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for Cipla for the week (May 02, 2016 – May 06, 2016):

CIPLA:

 

CIPLA

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 540 to 550 where the stock has formed a medium term top. If the stock manages to close above these levels then the stock can move to the levels of 570 to 590 where 100 & 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 537.

Support for the stock is lying around the levels of 520 to 525 where short term moving averages and short term top is positioned. If the stock manages to close below these 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 545 to 550 where the stock has formed a medium term top. If the stock manages to close above these levels then the stock can move to the levels of 570 to 590 where 100 & 500 Daily SMA is lying.

Broad range for the stock is seen in the range of 515 – 520 on downside to 555 – 560 on upside.

Dr. Reddy Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (May 02, 2016 – May 06, 2016):

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 1.70%.

As we have mentioned last week that support for the stock lies in the zone of 3050 where short term moving averages and 100 Daily SMA are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2900 to 2950 where the stock has formed a short term bottom. During the week the stock manages to hit a low of 3067 and close the week around the levels of 3089.

Support for the stock lies in the zone of 3050 where short term moving averages and 100 Daily SMA are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2900 to 2950 where the stock has formed a short term bottom.

Minor resistance for the stock lies in the zone of 3170. Resistance for the stock lies in the zone of 3250 where 500 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 3350 where the stock had opened gap down on 26/11/2015.

Broad range for the stock is seen from 3000 – 3050 on downside to 3200 – 3250 on upside.

Lupin Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for Lupin for the week (May 02, 2016 – May 06, 2016):

LUPIN:

 

LUPIN

 

Lupin closed the week on positive note gaining around 3.20%.

As we have mentioned last week that resistance for the stock lies in the zone of 1565 to 1600 where 500 Daily SMA and channel support which was holding the stock since the month of May – 2015. If the stock manages to close above these levels then the stock can move to the levels of 1650 to 1700 where short term moving averages are lying. During the week the stock manages to hit a high of 1618 and close the week around the levels of 1607.

Support for the stock lies in the zone of 1550 to 1570 where 500 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1500.

The stock has close around the resistance zone of 1600 where channel support which was holding the stock since the month of May – 2015 is lying. If the stock manages to close above these levels then the stock can move to the levels of 1650 to 1700 where short term moving averages are lying.

Broad range for the stock is seen from 1540 – 1550 on downside to 1650 – 1670 on upside.

Sun Pharma Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (May 02, 2016 – May 06, 2016):

SUN PHARMA:

 

SUNPHARMA

 

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

As we have mentioned last week that support for the stock lies in the zone of 800 to 810 where 100 Daily SMA and trend-line support for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 770 where the stock has made a short term bottom. During the week the stock manages to hit a low of 797 and close the week around the levels of 811.

Support for the stock lies in the zone of 800 to 810 where trend-line support for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 770 where the stock has made a short term bottom.

Resistance for the stock lies in the zone of 835 to 840 where short term moving averages & 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 860.

Broad range for the stock in the coming week can be 790 – 795 on lower side to 825 – 830 on upper side.

Wipro Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for Wipro for the week (May 02, 2016 – May 06, 2016):

WIPRO:

 

WIPRO

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 560 to 570 where 200 & 500 Daily SMA are lying. If the stock manages to close above these levels then the stock can move to the levels of 575 to 585 where the stock has opened gap down on 21/04/2016. During the week the stock manages to hit a high of 564 and close the week around the levels of 554.

Support for the stock lies in the zone of 545 to 550 where short term moving averages and 100 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 530.

Resistance for the stock lies in the zone of 560 to 570 where 200 & 500 Daily SMA are lying. If the stock manages to close above these levels then the stock can move to the levels of 575 to 585 where the stock has opened gap down on 21/04/2016.

Broad range for the stock in the coming week is seen between 540 to 545 on downside to 570 to 575 on upside.

HCL Tech Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for HCL Tech for the week (May 02, 2016 – May 06, 2016):

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on negative note losing around 11.20%.

As we have mentioned last week that resistance for the stock lies in the zone of 850 to 860 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 875 to 880 where 200 Daily SMA is positioned. During the week the stock manages to hit a high of 856 and close the week around the levels of 750.

The stock has virtually broken all the medium term supports. Support for the stock lies in the zone of 710 to 720 from where the stock has formed a bottom in the month of Dec – 2014.

Resistance for the stock lies in the zone of 780 to 790 where the stock has formed a medium term bottom in the month of Feb – 2016. If the stock manages to close above these levels then the stock can move to the levels of 825 to 835 where short term moving averages and 100 Daily SMA is lying.

Broad range for the stock in the coming week is seen between 710 to 720 on downside to 780 to 790 on upside.

TCS Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for TCS for the week (May 02, 2016 – May 06, 2016):

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on positive note gaining around 4.90%.

As we have mentioned last week that resistance for the stock lies in the zone of 2460 to 2480 where 200 & 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 2550 where the stock has made a short term top. During the week the stock manages to hit a high of 2542 and close the week around the levels of 2535.

Support for the stock lies in the zone of 2460 to 2480 where 200 & 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 2380 to 2400 where short term moving averages and 100 Daily SMA is lying.

Resistance for the stock lies in the zone of 2550 where the stock has made a short term top. If the stock manages to close above these levels then the stock can move to the levels of 2650.

Broad range for the stock in the coming week is seen between 2420 to 2450 on downside to 2560 to 2580 on upside.

Infosys Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for Infosys for the week (May 02, 2016 – May 06, 2016):

INFOSYS:

 

INFY

 

INFY closed the week on absolutely flat note.

As we have mentioned last week that the stock has closed around the resistance zone of 1200 to 1210 where trend-line joining earlier highs is positioned. If the stock manages to close above these 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 1242 and close the week around the levels of 1208.

Minor support for the stock lies in the zone of 1185 to 1195. If the stock manages to close below these levels then the stock can drift to the levels of 1130 to 1150 where short term moving averages, 100 & 200 Daily SMA is lying.

The stock has closed around the resistance zone of 1200 to 1210 where trend-line joining earlier highs is positioned. If the stock manages to close above these levels then the stock can move to the levels of 1250.

Broad range for the stock in the coming week is seen between 1170 to 1180 on downside to 1230 to 1240 on upside.

SBI Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for SBI for the week (May 02, 2016 – May 06, 2016):

STATE BANK OF INDIA:

 

SBIN

 

SBIN closed the week on negative note losing around 5.60%.

As we have mentioned last week that resistance for the stock lies in the zone of 200 to 205 where 500 Weekly SMA is lying. If the stock manages to close above these 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 203 and close the week around the levels of 189.

Minor support for the stock lies in the zone of 190. Support for the stock lies in the zone of 173 to 180 where short term moving averages and gap created on 02-03-2016 are lying. If the stock manages to close below these 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 zone of 195 where 100 Daily SMA is lying. Resistance for the stock lies in the zone of 200 to 205 where 500 Weekly SMA is lying. If the stock manages to close above these 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 175 to 180 on lower side to 200 to 205 on upper side.

Axis Bank Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for Axis Bank for the week (May 02, 2016 – May 06, 2016):

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 0.70%.

As we have mentioned last week that the stock has closed around the resistance zone of 470 to 480 where 200 & 500 Daily SMA and 100 Weekly SMA are lying. If the stock manages to close above these levels then the stock can move to the levels of 495 where the stock has opened gap down on 28-10-2015. During the week the stock manages to hit a high of 485 and close the week around the levels of 472.

Minor support for the stock lies in the zone of 450. If the stock manages to close below these levels then the stock can drift to the levels of 425 to 430 where 100 Daily SMA is lying.

The stock has closed around the resistance zone of 470 to 480 where 200 & 500 Daily SMA and 100 Weekly SMA are lying. If the stock manages to close above these levels then the stock can move to the levels of 495 where the stock has opened gap down on 28-10-2015.

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

ICICI Bank Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (May 02, 2016 – May 06, 2016):

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on negative note losing around 6.00%.

As we have mentioned last week that support for the stock lies in the zone of 240 to 245 where 1000 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 230 where 100 Daily SMA is lying. During the week the stock manages to hit a low of 231 and close the week around the levels of 237.

Support for the stock lies in the zone of 230 where 100 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 215 to 220 where short term bottom and short term moving averages are lying.

Resistance for the stock lies in the zone of 250 where 1000 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 255 to 260 where 200 Daily SMA and 200 Weekly SMA are lying.

Broad range for the stock in the coming week can be 220 – 225 on lower side to 250 – 255 on upper side.

HDFC Bank Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (May 02, 2016 – May 06, 2016):

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on positive note gaining around 3.70%.

As we have mentioned last week that minor support for the stock lies in the zone of 1080. Support for the stock lies in the zone of 1040 to 1050 where 100 & 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1020 to 1030 where short term moving averages are lying. During the week the stock manages to hit a low of 1084 and close the week around the levels of 1132.

Support for the stock lies in the zone of 1120 where trend-line joining earlier highs is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1050 to 1060 where 100 & 200 Daily SMA is lying.

The stock has broken out of multi month consolidation and virtually no resistance lies. Resistance for the stock lies in the zone of 1150.

Broad range for the stock in the coming week can be 1110 on lower side to 1160 on upper side.

Nifty Energy Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (May 02, 2016 – May 06, 2016):

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on negative note losing around 3.00%.

As we have mentioned last week that the index has closed around the strong resistance zone of 8700 where 500 Daily SMA and 100 Weekly SMA is lying. If the index manages to close above these levels then the index can move to the levels of 9100. During the week the index manages to hit a high of 8668 and close the week around the levels of 8400.

Support for the index lies in the zone of 8150 to 8200 where 100, 200 and 1000 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7900 from where the index has broken out in the month of March – 2016.

Minor resistance for the index lies in the zone of 8500. 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 these levels then the index can move to the levels of 9100.

Broad range for the index is seen between 8150 to 8200 on downside to 8600 to 8650 on upside.

Nifty Auto Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (May 02, 2016 – May 06, 2016):

NIFTY AUTO:

 

 

NIFTYAUTO

 

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

As we have mentioned last week that resistance for the index lies in the zone of 8500 to 8550 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 8800. During the week the index manages to hit a high of 8523 and close the week around the levels of 8284.

Minor support for the index lies in the zone of 8150 to 8200. Support for the index lies in the zone of 8000 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7750 to 7800 where 100 & 500 Daily SMA is lying.

Resistance for the index lies in the zone of 8500 to 8550 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 8800.

Broad range for the index is seen from 8100 to 8150 on downside to 8450 to 8500 on upside.

 

Nifty Pharma Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (May 02, 2016 – May 06, 2016):

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 11300 to 11400 where 100 Daily SMA and 100 Weekly SMA are lying. If the index manages to close above these levels then the index can move to the levels of 11800 to 12000 where 200 Daily SMA is lying. During the week the index manages to hit a high of 11326 and close the week around the levels of 11293.

Support for the index lies in the zone of 11000 where 500 Daily SMA and channel support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10400 to 10500 where weekly trend-line support for the index is lying.

Resistance for the index lies in the zone of 11300 to 11400 where 100 Daily SMA and 100 Weekly SMA are lying. If the index manages to close above these 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 10900 on downside to 11500 to 11600 on upside.

Nifty FMCG Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (May 02, 2016 – May 06, 2016):  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on negative note losing around 0.60%.

As we have mentioned last week that resistance for the index lies in the zone of 20100 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 20300 to 20500 from where the index has sold off in the month of Jan – 2016. During the week the index manages to hit a high of 20165 and close the week around the levels of 19752.

Resistance for the index lies in the zone of 20100 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 20300 to 20500 from where the index has sold off in the month of Jan – 2016.

Support for the index lies in the zone of 19600 to 19800 where 200 & 500 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 19200 to 19300 where short term moving averages and 100 Daily SMA is lying.

Broad range for the index in the coming week is seen from 19300 on downside to 20100 on upside.

Nifty IT Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (May 02, 2016 – May 06, 2016):

NIFTY IT:

 

NIFTYIT

 

Nifty IT index ended the week on negative note losing around 1.10%.

As we have mentioned last week that resistance for the index lies in the zone of 11500 to 11600 where 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 12000. During the week the index manages to hit a high of 11508 and close the week around the levels of 11182.

Support for the index lies in the range of 10900 to 11000 where 100 & 500 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 10700 to 10800 from where the index has bounced in the month of March – 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 these levels then the index can move to the levels of 11500 to 11600 where trend-line joining earlier highs is lying.

Broad range for the index in the coming week is seen from 10900 on downside to 11500 on upside.

Nifty Bank Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (May 02, 2016 – May 06, 2016):

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended 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 16800 to 17000 where 200 & 500 Daily SMA and trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 17100 from where the index sold off in the month of Jan – 2016. During the week the index manages to hit a high of 17030 and close the week around the levels of 16767.

Minor support for the index lies in the zone of 16400 to 16500 where the index has opened gap up on 21/04/2016. If the index manages to close below these levels then the index can drift to the levels of 15800 to 16000 where 100 Daily SMA are lying.

Strong resistance zone for the index lies in the range of 16800 to 17000 where 200 & 500 Daily SMA and trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 17100 from where the index sold off in the month of Jan – 2016.

Range for the week is seen from 16300 to 16400 on downside to 17100 to 17200 on upside.

Nifty Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for Nifty for week (May 02, 2016 – May 06, 2016):

NIFTY:

 

NSE Nifty

 

Nifty ended the week on negative note losing around 0.70%.

As we have mentioned last week that the index has closed around the strong resistance zone of 7950 to 8000 where 500 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 8100 where trend-line joining earlier highs is lying. During the week the index manages to hit a high of 7992 and close the week around the levels of 7845.

Support for the index lies in the zone of 7850 where 200 Daily SMA is lying. Minor support for the index lies in the zone of 7730 to 7780 where the index has opened gap up on 13/04/2016. If the index manages to close below these levels then the index can drift to the levels of 7500 to 7550 from where the index has broken down after making the double bottom pattern and 100 Daily SMA is lying.

Strong resistance zone for the index lies in the range of 7950 to 8000 where 500 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 8050 where trend-line joining earlier highs is lying.

As we have mentioned in our weekly report on 15/02/2016 to 19/02/2016, the index has achieved our target of around 8000. Now it seems that we can witness some sharp correction or consolidation in the market, so it is wise to remain cautious and wait for the further direction.

Broad range for the week is seen from 7600 on downside to 8100 on upside.

Share Market Tips for – Friday, April 29, 2016

equitypandit_square

Nifty Entered Negative Trend, Short At Every Positive Movement

 

Last Trading Session: Indian Stock Market opened flat for the day. Complete Asian Market fell down sharply after Bank Of Japan’s monetary policy. EquityPandit suggested traders could hold long positions until Nifty holds 7878 levels. Nifty saw highs just below EquityPandit’s predicted resistance levels of 8000 and fell down sharply. Nifty breached EquityPandit’s suggested reversal levels of 7878 and finally entered into negative zone. Nifty closed just above EquityPandit’s predicted support levels of 7842 levels. Sensex also saw lows just above EquityPandit’s predicted support levels of 25540 levels. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open gap negative. Technically, Nifty has entered into negative zone but BankNifty is still in positive zone. BankNifty would also enter into negative zone once it closes below 16622 levels. If this happens, then a sharp breakdown would be seen in the market. Now Market would be weak and considered as sell on every positive movement until Nifty breaches 8013 levels. Initiate short positions only once BankNifty also enters into negative zone that would give confirmation of the trend. FIIs were net buyers of Rs.120.63 crores whereas DIIs were net sellers of Rs.416.21 crores in cash market for last trading session. Nifty would see strong support at 7815-7800-7780-7750 whereas strong resistance would be seen at 7900-7925-7980-8008 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results Today: Ajanta Pharma, Atul Ltd, Cholamandalam, Force Motor, GIC Housing Finance, ICICI Bank, IDFC, Marico, Oberoi Realty, Sanofi India, Shriram Transport Finance, SBBJ and UPL Ltd.

NSE Nifty: (7847) The support for the Nifty is 7815-7800-7780-7750 and the resistance to the up move is at 7900-7925-7980-8008 levels.

NSE BankNifty: (16717) The support for BankNifty is at 16622-16570-16514-16380 and the resistance to the up move is at 16780-16940-17000-17100 levels.

BSE Sensex: (25603) The support for the Sensex is at 25540-25445-25365-25256 and the resistance to the up move is at 25790-25885-25936-26016 levels.

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Share Market Tips for – Thursday, April 28, 2016

equitypandit_square

Market To See Sharp Positive Movement, Hold Long Positions

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that Market is still in positive zone and traders should hold long positions until Nifty holds 7842 levels. EquityPandit also predicted that Nifty would see some resistance at 8000 levels and exactly same happened. Indian Stock Market including Nifty and Sensex remained flat for the whole day. Finally, Indian Stock Market closed positive right at EquityPandit’s predicted resistance levels of 7980 for Nifty, like a dot.

Today: Indian Stock Market would open gap positive. Technically, Analysis would remain same. Indian Stock Market is still in positive zone and traders should continue to hold long positions for now. Traders can hold long positions until Nifty closes below 7878 levels. BankNifty reversal would be seen only once it closes below 16622 levels, until then one could go long at dips in the market. Today, Bank Of Japan Monetary Policy Decision would affect complete Asian Stock Market direction. Market is still looking strong and may see a sharp breakout once closes above 8000 levels for Nifty. FIIs were net buyers of Rs.411 crores whereas DIIs were net sellers of Rs.295.07 crores in cash market for last trading session. Nifty would see strong support at 7926-7873-7842-7825 whereas strong resistance would be seen at 8005-8025-8043-8091-8150 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

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Important Results Today: ACC, Ambuja Cements, Dabur India, Granules India, HCL Technologies, HCC, Idea Cellular, Kajaria Ceramics, Nirlon, Tata Elxsi and Vedanta Ltd.

NSE Nifty: (7980) The support for the Nifty is 7926-7873-7842-7825 and the resistance to the up move is at 8005-8025-8043-8091-8150 levels.

NSE BankNifty: (16873) The support for BankNifty is at 16780-16622-16570 and the resistance to the up move is at 17000-17100-17155-17218 levels.

BSE Sensex: (26064) The support for the Sensex is at 25857-25622-25540-25445 and the resistance to the up move is at 26147-26200-26256-26340 levels.

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

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Share Market Tips for – Wednesday, April 27, 2016

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Hold Long Positions With Closing Stoploss Of 7842 Levels For Nifty

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with negative bias for the day. EquityPandit predicted that market is loosing momentum but traders should initiate short positions only if Nifty closes below 7842 levels and until then traders should hold long positions. EquityPandit predicted that Nifty would see strength once it breaches levels of 7920 and exactly same happened. Traders, who followed EquityPandit’s advice might have earned whopping profits for the day. Nifty saw strong support at EquityPandit’s predicted support levels of 7825 from where it bounced. Sensex also saw strong support right at EquityPandit’s predicted support levels of 25540 levels. Market recovered sharply from day lows and saw highs right below EquityPandit’s predicted resistance levels of 7980 like a dot. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone and traders should continue to hold long positions for now. BankNifty would see some resistance near 17155 levels whereas Nifty would see some resistance at 8000-8020 levels. Closing above those levels would develop a new support for Market and a sharp bounce can be seen in the market. Now upside is open for the market and stoploss would be 7842 for Nifty on closing basis. Till then, every dip is an opportunity for traders to go long in market. FIIs were net buyers of Rs.512.22 crores whereas DIIs were net buyers of Rs.21.21 crores in cash market for last trading session. Nifty would see strong support at 7926-7873-7842-7825 whereas strong resistance would be seen at 7980-8005-8025-8043-8091 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

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Important Results Today: Alembic Pharma, Bharti Airtel, CEAT, Coromandel, Exide Industries, Gati, Inox Leisure, JSW Energy, KPIT Technologies, Lakshmi Vilas Bank, Sadbhav Engineering and Yes Bank.

NSE Nifty: (7963) The support for the Nifty is 7926-7873-7842-7825 and the resistance to the up move is at 7980-8005-8025-8043-8091 levels.

NSE BankNifty: (17003) The support for BankNifty is at 16921-16880-16780-16626 and the resistance to the up move is at 17100-17155-17218-17370 levels.

BSE Sensex: (26007) The support for the Sensex is at 25857-25622-25540-25445 and the resistance to the up move is at 26147-26200-26256-26340 levels.

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

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Share Market Tips for – Tuesday, April 26, 2016

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Market Loosing Momentum But Short Nifty Only If It Closes Below 7842 Levels

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative for the day. EquityPandit predicted that Market would see correction but traders should initiate short positions only if Nifty closes below 7842 levels. EquityPandit also predicted that traders should hold long positions until Nifty closes below 7842 levels and exactly same happened. Indian Stock Market opened negative for the day and saw sharp correction as predicted by EquityPandit. Nifty moved sharply negative but managed to close just above EquityPandit’s predicted support levels. BankNifty also saw highs just below EquityPandit’s predicted resistance levels of 16780 levels. Finally, Indian Stock Market close negative for the day exactly as per EquityPandit’s predictions.

Today: Indian Stock Market would open flat for the day. Technically, Indian Stock Market is still in positive zone but Nifty is near to reversal levels. Nifty, if breaches levels of 7842 by closing then it would see a reversal and we may see sharp downfall. BankNifty would now see reversal at 16400 levels. These are important levels and traders are suggested to consider these levels while taking any decision in market. A sharp downfall would be seen if Nifty and BankNifty closes below these levels. Now, Nifty needs to breach levels of 7920 again to show some strength. FIIs were net buyers of Rs.222.34 crores whereas DIIs were net sellers of Rs.747.95 crores in cash market for last trading session. Nifty would see strong support at 7842-7825-7775-7730 whereas strong resistance would be seen at 7926-7980-8005-8025 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

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Important Results Today: Axis Bank, Bharti Infratel, Biocon, IDFC Bank, Maruti Suzuki, Rallis India and Raymond.

NSE Nifty: (7855) The support for the Nifty is 7842-7825-7775-7730 and the resistance to the up move is at 7926-7980-8005-8025 levels.

NSE BankNifty: (16679) The support for BankNifty is at 16540-16380-16260-16200 and the resistance to the up move is at 16780-16885-16950-17100 levels.

BSE Sensex: (25678) The support for the Sensex is at 25540-25445-25357 and the resistance to the up move is at 25890-25956-26035-26200 levels.

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

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Share Market Tips for – Monday, April 25, 2016

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Market To See Correction, Initiate Short Only if Nifty Breaches 7842 by Closing

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that market would be considered positive until Nifty holds 7842 levels. EquityPandit also predicted that BankNifty would still perform better than Nifty and exactly same happened. Finally, Indian Stock Market closed minor negative with BankNifty outperforming Nifty and Sensex.

Today: Indian Stock Market would open negative for the day. Technically, Indian Stock Market is still in positive zone but Some profit booking (correction) can’t be ruled out at this point of time. It looks that Nifty would correct before breaching levels of 8000. Levels of 8000 doesn’t look to be breached easily. Traders should wait for some correction and go long at dips. Market would see reversal if closed below 7842 levels for Nifty and 16358 levels for BankNifty and would enter into negative trend by then. If market closed below these levels then traders can initiate short positions. but until then, traders can go long at every dip in the market. FIIs were net buyers of Rs.191.07 crores whereas DIIs were net sellers of Rs.168.64 crores in cash market for last trading session. Nifty would see strong support at 7865-7842-7775-7730 whereas strong resistance would be seen at 7926-7980-8005-8025 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

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Important Results Today: ABB India, Delta Corp, Indiabulls Housing Finance, Indiabulls Real Esate, Tatasponge, UltraTech Cement and Welspun India Ltd.

NSE Nifty: (7899) The support for the Nifty is 7865-7842-7775-7730 and the resistance to the up move is at 7926-7980-8005-8025 levels.

NSE BankNifty: (16703) The support for BankNifty is at 16540-16380-16260-16200 and the resistance to the up move is at 16780-16885-16950-17100 levels.

BSE Sensex: (25838) The support for the Sensex is at 25720-25630-25540-25445 and the resistance to the up move is at 25956-26035-26200 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 (April 25, 2016 – April 29, 2016)

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

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive 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 850 to 860 from where the stock has broken down. If the stock manages to close above these 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 864 and close the week around the levels of 850.

Support for the stock lies in the zone of 825 to 830 where short term moving averages and the channel support for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 790 to 800 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 these 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 820 to 830 on lower end and 860 to 865 on upper end.

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

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

DABUR:

 

DABUR

 

Dabur closed the week on negative note losing around 1.00%.

As we have mentioned last week that the stock has closed around the strong resistance zone of 270 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 290. During the week the stock manages to hit a high of 275 and close the week around the levels of 265.

The stock has closed around the strong resistance zone of 270 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 290.

Support for the stock lies in the zone of 250 to 255 where 100 Daily SMA and trend-line support for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 240 where 500 Daily SMA is lying.

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

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

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

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on negative note losing around 1.50%.

As we have mentioned last week that support for the stock lies in the zone of 870 to 880 where trend-line joining earlier highs is positioned. If the stock manages to close below this levels then the stock can drift to the levels of 840 to 845 where 200 Daily SMA is lying. During the week the stock manages to hit a low of 883 and close the week around the levels of 884.

Support for the stock lies in the zone of 870 to 880 where trend-line joining earlier highs is positioned. If the stock manages to close below this levels then the stock can drift to the levels of 840 to 845 where 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 930 to 940 from where the stock has sold off in the month of July-2016.

Broad range for the stock in coming week is seen between 865 to 870 on downside and 920 to 930 on upside.

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

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

ITC:

 

ITC

 

ITC closed the week on negative note losing around 1.60%.

As we have mentioned last week that resistance for the stock lies in the zone of 340 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above these 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. During the week the stock manages to hit a high of 338 and close the week around the levels of 326.

The stock has closed around the strong support zone of 315 to 320 where 100, 200 & 1000 Daily SMA is lying. If the stock manages to close below these 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 these 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 345 to 350 on upside.

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

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

CIPLA:

 

CIPLA

 

CIPLA closed the week on positive note gaining around 3.80%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 520. Resistance for the stock lies in the zone of 540 from where the stock has broken down from the short term bottom and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 550 to 570 where 100 & 500 Daily SMA is lying. During the week the stock manages to hit a high of 537 and close the week around the levels of 531.

Support for the stock is lying around the levels of 520 to 525 where short term moving averages and short term top is positioned. If the stock manages to close below these 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 to 550 where the stock has formed a medium term top. If the stock manages to close above these levels then the stock can move to the levels of 570 to 590 where 100 & 500 Daily SMA is lying.

Broad range for the stock is seen in the range of 515 – 520 on downside to 555 – 560 on upside.

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

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

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 1.40%.

As we have mentioned last week that the stock has closed just above the resistance zone of 3050 to 3100 where short term moving averages and 100 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 3250 where 500 Daily SMA is lying. During the week the stock manages to hit a high of 3160 and close the week around the levels of 3142.

Support for the stock lies in the zone of 3050 where short term moving averages and 100 Daily SMA are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2900 to 2950 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone of 3250 where 500 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 3350 where the stock had opened gap down on 26/11/2015.

Broad range for the stock is seen from 3000 – 3050 on downside to 3250 – 3300 on upside.

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

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

LUPIN:

 

LUPIN

 

Lupin closed the week on positive note gaining around 0.60%.

As we have mentioned last week that resistance for the stock lies in the zone of 1550 to 1600 where 500 Daily SMA and channel support which was holding the stock since the month of May – 2015. If the stock manages to close above these levels then the stock can move to the levels of 1650 to 1700 where short term moving averages are lying. During the week the stock manages to hit a high of 1599 and close the week around the levels of 1558.

Minor support for the stock lies in the zone of 1450. Support for the stock lies in the zone of 1300 to 1350 where monthly retracement for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1250.

Resistance for the stock lies in the zone of 1565 to 1600 where 500 Daily SMA and channel support which was holding the stock since the month of May – 2015. If the stock manages to close above these levels then the stock can move to the levels of 1650 to 1700 where short term moving averages are lying.

Broad range for the stock is seen from 1450 – 1480 on downside to 1590 – 1620 on upside.

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

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

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA 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 835 to 840 where short term moving averages & 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 860. During the week the stock manages to hit a high of 841 and close the week around the levels of 820.

Support for the stock lies in the zone of 800 to 810 where 100 Daily SMA and trend-line support for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 770 where the stock has made a short term bottom.

Resistance for the stock lies in the zone of 835 to 840 where short term moving averages & 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 860.

Broad range for the stock in the coming week can be 800 – 810 on lower side to 850 – 860 on upper side.

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

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

WIPRO:

 

WIPRO

 

Wipro closed the week on negative note losing around 4.60%.

As we have mentioned last week that resistance for the stock lies in the zone of 610 to 620 where the stock has made a medium term top in the month of Oct-2015. If the stock closes above these levels and sustains above it for couple of days then the stock can form a W– shape pattern on long term charts. The targets for the same can be in the range of 650 to 670. During the week the stock manages to hit a high of 607 and close the week around the levels of 558.

Support for the stock lies in the zone of 545 to 550 where short term moving averages and 100 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 530.

Resistance for the stock lies in the zone of 560 to 570 where 200 & 500 Daily SMA are lying. If the stock manages to close above these levels then the stock can move to the levels of 575 to 585 where the stock has opened gap down on 21/04/2016.

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

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

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

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech 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 850 to 860 where 100 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 890 to 900 where 200 Daily SMA is positioned. During the week the stock manages to hit a high of 862 and close the week around the levels of 845.

Minor support for the stock lies in the zone of 820 to 825. If the stock manages to close below these levels then the stock can drift to the levels of 780 where trend-line joining earlier lows is lying.

Resistance for the stock lies in the zone of 850 to 860 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 875 to 880 where 200 Daily SMA is positioned.

Broad range for the stock in the coming week is seen between 820 to 825 on downside to 865 to 870 on upside.

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

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

TATA CONSULTANCY SERVICES:

 

TCS

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 2550 where the stock has made a short term top. If the stock manages to close above this levels then the stock can move to the levels of 2700 from where the stock has sold off in the month of Oct-2016. During the week the stock manages to hit a high of 2553 and close the week around the levels of 2417.

Support for the stock lies in the zone of 2360 to 2370 where short term moving averages and 100 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 2300.

Resistance for the stock lies in the zone of 2460 to 2480 where 200 & 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 2550 where the stock has made a short term top.

Broad range for the stock in the coming week is seen between 2360 to 2380 on downside to 2460 to 2480 on upside.

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

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

INFOSYS:

 

INFY

 

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

As we have mentioned last week that resistance for the stock lies in the range of 1200 to 1210 where trend-line joining earlier highs is positioned. If the stock manages to close above these 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 1268 and close the week around the levels of 1211.

Minor support for the stock lies in the zone of 1185 to 1195. If the stock manages to close below these levels then the stock can drift to the levels of 1130 to 1150 where short term moving averages, 100 & 200 Daily SMA is lying.

The stock has closed around the resistance zone of 1200 to 1210 where trend-line joining earlier highs is positioned. If the stock manages to close above these 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 1230 to 1240 on upside.

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

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

STATE BANK OF INDIA:

 

SBIN

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 200 to 205 where 100 Daily SMA and 500 Weekly SMA is lying. If the stock manages to close above these 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 201.5 and close the week around the levels of 200.

Minor support for the stock lies in the zone of 190. Support for the stock lies in the zone of 173 to 178 where short term moving averages and gap created on 02-03-2016 are lying. If the stock manages to close below these 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 200 to 205 where 500 Weekly SMA is lying. If the stock manages to close above these 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 (April 25, 2016 – April 29, 2016)

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

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 7.80%.

As we have mentioned last week that resistance for the stock lies in the zone of 460 to 465 where 500 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 480 where 200 Daily SMA is lying. During the week the stock manages to hit a high of 479 and close the week around the levels of 475.

Minor support for the stock lies in the zone of 450. If the stock manages to close below these levels then the stock can drift to the levels of 425 to 430 where 100 Daily SMA is lying.

The stock has closed around the resistance zone of 470 to 480 where 200 & 500 Daily SMA and 100 Weekly SMA are lying. If the stock manages to close above these levels then the stock can move to the levels of 495 where the stock has opened gap down on 28-10-2015.

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

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

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

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on positive note gaining around 4.90%.

As we have mentioned last week that the stock has closed around the strong resistance zone of 240 to 245 where 1000 Daily SMA and low of Dec– 2015 is lying. If the stock manages to close above these levels then the stock can move to the levels of 255 to 260 where 200 Daily SMA is lying. During the week the stock manages to hit a high of 258 and close the week around the levels of 252.

Support for the stock lies in the zone of 240 to 245 where 1000 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 230 where 100 Daily SMA is lying.

The stock has closed around the strong resistance zone of 255 to 260 where 200 Daily SMA and 200 Weekly SMA are lying. If the stock manages to close above these levels then the stock can move to the levels of 265 to 270 from where the stock has sold off in the month of Dec – 2015.

Broad range for the stock in the coming week can be 235 – 240 on lower side to 260 – 265 on upper side.

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

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

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on positive note gaining around 1.20%.

As we have mentioned last week that resistance for the stock lies in the zone of 1080 to 1090 where the stock has made a short term top. If the stock manages to close above these levels then the stock can move to the levels of 1120 where trend-line joining earlier highs is lying. During the week the stock manages to hit a high of 1105 and close the week around the levels of 1095.

Minor support for the stock lies in the zone of 1080. Support for the stock lies in the zone of 1040 to 1050 where 100 & 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1020 to 1030 where short term moving averages are lying.

Resistance for the stock lies in the zone of 1120 where trend-line joining earlier highs is lying. If the stock manages to close above these levels then the stock can move to the levels of 1150.

Broad range for the stock in the coming week can be 1070 on lower side to 1120 on upper side.

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

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

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on absolutely flat note.

As we have mentioned last week that the index has closed around the strong resistance zone of 8700 where 500 Daily SMA and 100 Weekly SMA is lying. If the index manages to close above these levels then the index can move to the levels of 9100. During the week the index manages to hit a high of 8717 and close the week around the levels of 8662.

Minor support for the index lies in the zone of 8500 to 8575 levels. If the index manages to close below this levels then the index can drift to the levels of 8150 to 8200 where 100, 200 and 1000 Daily SMA is lying.

The index has closed around the strong resistance zone of 8700 where 500 Daily SMA and 100 Weekly SMA is lying. If the index manages to close above these levels then the index can move to the levels of 9100.

Broad range for the index is seen between 8400 to 8450 on downside to 8800 to 8850 on upside.

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

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

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 8500 to 8550 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 8800. During the week the index manages to hit a high of 8436 and close the week around the levels of 8403.

Minor support for the index lies in the zone of 8150 to 8250. Support for the index lies in the zone of 8000 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7750 to 7800 where 100 & 500 Daily SMA is lying.

Resistance for the index lies in the zone of 8500 to 8550 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 8800.

Broad range for the index is seen from 8200 to 8250 on downside to 8500 to 8550 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on positive note gaining around 0.50%.

As we have mentioned last week that resistance for the index lies in the zone of 11300 to 11400 where short term moving averages and 100 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 11800 to 12000 where 200 Daily SMA is lying. During the week the index manages to hit a high of 11363 and close the week around the levels of 11278.

Support for the index lies in the zone of 11000 where 500 Daily SMA and channel support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10400 to 10500 where weekly trend-line support for the index is lying.

Resistance for the index lies in the zone of 11300 to 11400 where 100 Daily SMA and 100 Weekly SMA are lying. If the index manages to close above these 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 10900 on downside to 11500 to 11600 on upside.

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

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

NIFTY FMCG:

 

NIFTYFMCG

 

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

As we have mentioned last week that the index has closed around the resistance zone of 20100 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 20300 to 20500 from where the index has sold off in the month of Jan – 2016. During the week the index manages to hit a high of 20349 and close the week around the levels of 19860.

Resistance for the index lies in the zone of 20100 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 20300 to 20500 from where the index has sold off in the month of Jan – 2016.

Support for the index lies in the zone of 19600 to 19800 where 200 & 500 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 19200 to 19300 where short term moving averages and 100 Daily SMA is lying.

Broad range for the index in the coming week is seen from 19400 on downside to 20500 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT index ended the week on negative note losing around 0.30%.

As we have mentioned last week that support for the index lies in the zone of 11200 to 11300 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 10900 to 11000 where 100 & 500 Daily SMA is lying. During the week the index manages to hit a low of 11292 and close the week around the levels of 11314.

Support for the index lies in the zone of 11200 to 11300 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 10900 to 11000 where 100 & 500 Daily SMA is lying.

Resistance for the index lies in the zone of 11500 to 11600 where 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 12000.

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 (April 25, 2016 – April 29, 2016)

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

NIFTY BANK:

 

BANKNIFTY

 

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

As we have mentioned last week that minor support for the index lies in the zone of 15950 to 16050 where the index has opened gap up on 13/04/2016. If the index manages to close below these levels then the index can drift to the levels of 15500 to 15700 where short term moving averages and 100 Daily SMA are lying. During the week the index manages to hit a low of 16012 and bounce to close the week around the levels of 16720.

Minor support for the index lies in the zone of 16300 to 16400 where the index has opened gap up on 21/04/2016. If the index manages to close below these levels then the index can drift to the levels of 15800 to 16000 where 100 Daily SMA are lying.

The index has closed around the strong resistance zone of 16800 to 17000 where 200 & 500 Daily SMA and trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 17100 from where the index sold off in the month of Jan – 2016.

Range for the week is seen from 16300 to 16400 on downside to 17000 to 17100 on upside.

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

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

NIFTY:

 

NSE Nifty

 

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

As we have mentioned last week that the index has closed around the resistance zone of 7900 to 7950 where 200 & 500 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 8100 where trend-line joining earlier highs is lying. During the week the index manages to hit a high of 7978 and close the week around the levels of 7900.

Support for the index lies in the zone of 7850 where 200 Daily SMA is lying. Minor support for the index lies in the zone of 7700 to 7750 where the index has opened gap up on 13/04/2016. If the index manages to close below these levels then the index can drift to the levels of 7500 to 7550 from where the index has broken down after making the double bottom pattern and 100 Daily SMA is lying.

The index has closed around the strong resistance zone of 7950 to 8000 where 500 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 8100 where trend-line joining earlier highs is lying.

As we have mentioned in our weekly report on 15/02/2016 to 19/02/2016, the index has achieved our target of around 8000. Now it seems that we can witness some sharp correction or consolidation in the market, so it is wise to remain cautious and wait for the further direction.

Broad range for the week is seen from 7700 on downside to 8100 on upside.

 

Share Market Tips for – Friday, April 22, 2016

equitypandit_square

Market To See Some Correction, Hold Long Positions Until Nifty holds 7842

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that BankNifty is discounted and can see breakout anytime with targets of 16500-16800. EquityPandit also suggested traders to go long in BankNifty as it is undervalued and would perform much better than Nifty and exactly same happened. Indian Stock Market opened positive for the day as predicted by EquityPandit. Nifty remained lack-lusture for the day but BankNifty saw a sharp breakout from the levels achieving EquityPandit’s targets of 16500 and saw highs just near EquityPandit’s predicted resistance levels of 16780 levels. Nifty also saw highs right at EquityPandit’s predicted resistance levels of 7980 like a dot. Finally, BankNifty closed gap positive as predicted whereas Nifty and Sensex closed flat for the day. Sensex closed just below EquityPandit’s predicted resistance levels of 25885. Traders, who followed EquityPandit’s advice might have earned huge profits for the day.

Today: Indian Stock Market would open flat for the day. Technically, Indian Stock Market is still in positive zone. Now some profit booking can be seen but Market would be considered positive until Nifty holds 7842 levels. Once Nifty closes below 7842 levels, traders can initiate fresh shorts in Nifty. BankNifty would still perform better but possesses strong resistance at 16855 levels. Once BankNifty managed to breach those levels by closing, we would see levels of 17100 as next resistance cum targets for BankNifty. 17100 should be ultimate highs for time being, if it manages to reach there. But at those levels, we would again see sharp downfall in BankNifty. FIIs were net buyers of Rs.805.42 crores whereas DIIs were net buyers of Rs.65.72 crores in cash market for last trading session. Nifty would see strong support at 7850-7775-7730-7715 whereas strong resistance would be seen at 7980-8005-8025-8080 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results Today: Cairn India Ltd., HDFC Bank, Mahindra CIE, Reliance Industries and Zensar Technologies.

NSE Nifty: (7912) The support for the Nifty is 7865-7850-7775-7730 and the resistance to the up move is at 7980-8005-8025-8080 levels.

NSE BankNifty: (16637) The support for BankNifty is at 16260-16200-16160-16060 and the resistance to the up move is at 16780-16885-16950-17100 levels.

BSE Sensex: (25880) The support for the Sensex is at 25720-25630-25540-25445 and the resistance to the up move is at 25956-26035-26200 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, April 21, 2016

equitypandit_square

Bank Nifty To See Levels Of 16500-16800, If 16280 Levels Holds By Closing

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that BankNifty is discounted and traders should go long at dips in BankNifty. EquityPandit also predicted that BankNifty would outperform Nifty and exactly same happened. Indian Stock Market saw sharp profit booking at fell down but BankNifty continued to outperform Nifty for the whole trading session. Finally, Indian Stock Market, including Nifty, Sensex and BankNifty recovered to see new intraday highs for the day. BankNifty saw highs right near EquityPandit’s predicted resistance levels of 16380 like a dot. Traders, who followed EquityPandit’s advice to go long at dips in BankNifty might have earned whopping profits for the day. Finally, Indian Stock Market closed flat with BankNifty shinning in gap positive region.

Today: Indian Stock Market would open positive for the day. Technically, Indian Stock Market is still in positive zone. Now BankNifty is ready to see around 500 points movement in positive region. Next target for BankNifty is 16500-16800 levels. Traders, should go long in BankNifty at every dip in the market. Nifty would soon achieve 8000 mark. This movement is going to be a big breakout for BankNifty. EquityPandit suggested going long in BankNifty at 15550 levels and the logical wider target is set at 17000 levels, if BankNifty managed to hold 16280 levels by closing. FIIs were net sellers of Rs.80.10 crores whereas DIIs were net sellers of Rs.300.09 crores in cash market for last trading session. Nifty would see strong support at 7850-7775-7730-7715 whereas strong resistance would be seen at 7980-8005-8025-8080 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results Today: Cyient Ltd, Hindustan Zinc, IndusInd Bank and Supreme Industries.

NSE Nifty: (7915) The support for the Nifty is 7865-7850-7775-7730 and the resistance to the up move is at 7980-8005-8025-8080 levels.

NSE BankNifty: (16350) The support for BankNifty is at 16260-16200-16160-16060 and the resistance to the up move is at 16540-16670-16700-16780 levels.

BSE Sensex: (25844) The support for the Sensex is at 25720-25630-25540-25445 and the resistance to the up move is at 25885-25956-26035-26200 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, April 20, 2016

equitypandit_square

Bank Nifty Discounted and Can See Breakout Anytime, Go Long At Dips

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative for the day though some positive jerk was seen while opening. EquityPandit predicted that sharp correction would be seen in the market but traders should go long at dips in the market and exactly same happened. Indian Stock Market opened flat due to positive jerk but within a minute, it has seen sharp downfall. BankNifty fell down sharply upto 16000 levels. Market recovered from day lows but saw strong resistance at EquityPandit’s predicted resistance levels of 7926 for Nifty and 25885 for Sensex like a dot. Nifty achieved EquityPandit’s predicted targets of 7888. Traders, who followed EquityPandit’s advice to go long at dips, might have earned huge profits for the day. BankNifty closed right above EquityPandit’s support levels of 16218 like a dot. Finally, Indian Stock Market closed positive with some pressure on BankNifty.

Today: Indian Stock Market would open positive for the day. Technically, Indian Stock Market is still in positive zone. Overall, trade is still in positive direction and Next target for Nifty is 8000 whereas next targets for BankNifty is 16500-17000 levels. As said earlier, Banking Sector is highly discounted, so traders should go long in BankNifty at dips. The fair value of BankNifty at this point of time should be around 17000 levels but it is lot discounted due to many economy and NPA issues. We can anytime see a sharp breakout in BankNifty. FIIs were net buyers of Rs.977.98 crores whereas DIIs were net sellers of Rs.313.22 crores in cash market for last trading session. Nifty would see strong support at 7850-7775-7730-7715 whereas strong resistance would be seen at 7980-8005-8025-8080 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results Today: Network18 Media, TV18, VST Industries and Wipro Ltd.

NSE Nifty: (7915) The support for the Nifty is 7850-7775-7730-7715 and the resistance to the up move is at 7980-8005-8025-8080 levels.

NSE BankNifty: (16223) The support for BankNifty is at 16218-16060-15933-15760 and the resistance to the up move is at 16380-16540-16700-16780 levels.

BSE Sensex: (25816) The support for the Sensex is at 25630-25540-25445-25365 and the resistance to the up move is at 25885-25936-26035-26200 levels.

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

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Share Market Tips for – Monday, April 18, 2016

equitypandit_square

Sharp Correction Would be Seen But Go Long At Dips

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that market would see sharp breakout and exactly same happened. EquityPandit also suggested traders to either hold long positions and next target would be 7800-7888 for Nifty and 16200-16500 for BankNifty which finally got achieved. Indian Stock Market opened gap positive and saw a sharp breakout as predicted by EquityPandit. Traders who followed EquityPandit’s advice might have earned whopping profits for the day. Nifty and BankNifty closed right below EquityPandit’s predicted resistance levels of 7855 and 16280 like a dot. EquityPandit was the first research company to predict this breakout at 15568 for BankNifty and 7555 for Nifty. EquityPandit has also advised traders to go long in BankNifty and Nifty on April 11, 2016 at those levels. Market saw a sharp breakout since then. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open gap negative. Technically, Indian Stock Market is still in positive zone. Infosys has disclosed better than expected results and hence would see sharp positive movement. Sharp profit booking (sharp correction) can be seen in the market today but traders should continue to buy at dips and book partial profits at higher levels near EquityPandit’s suggested resistance levels. Overall, trade is in positive direction and Next target for Nifty is 7888-8000 whereas next targets for BankNifty is 16500-17000 levels, if Nifty managed to hold 7700 levels. Banking Sector is highly discounted, so traders should go long in BankNifty at dips. The fair value of BankNifty at this point of time should be around 16800 but it is lot discounted due to many economy and NPA issues. FIIs were net buyers of Rs.644.27 crores whereas DIIs were net buyers of Rs.269.89 crores in cash market for last trading session. Nifty would see strong support at 7825-7775-7730-7715 whereas strong resistance would be seen at 7888-7926-7980-8005 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (7850) The support for the Nifty is 7825-7775-7730-7715 and the resistance to the up move is at 7888-7926-7980-8005 levels.

NSE BankNifty: (16279) The support for BankNifty is at 16218-16060-15933-15760 and the resistance to the up move is at 16380-16540-16700-16780 levels.

BSE Sensex: (25627) The support for the Sensex is at 25540-25445-25365-25200 and the resistance to the up move is at 25790-25885-25936-26035 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 (April 18, 2016 – April 22, 2016)

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

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on positive note gaining around 1.90%.

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 these 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 849 and close the week around the levels of 836.

The stock has closed just below the support zone of 825 to 830 where the channel support for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 790 to 800 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 these levels then the stock can move to the levels of 880 to 890 where 500 Daily SMA and 100 Weekly SMA is lying.

Broad range for the stock is seen between 800 to 810 on lower end and 840 to 850 on upper end.

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

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

DABUR:

 

DABUR

 

Dabur closed the week on positive note gaining around 7.00%.

As we have mentioned last week that 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 these levels then the stock can move to the levels of 260 to 270 where 100 Daily SMA is lying. During the week the stock manages to hit a high of 269 and close the week around the levels of 268.

The stock has closed around the strong resistance zone of 270 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 290.

Support for the stock lies in the zone of 250 255 where 100 Daily SMA and trend-line support for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 240 where 500 Daily SMA is lying.

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

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

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

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever 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 840 to 845 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 830 where 100 Daily SMA is lying. During the week the stock manages to hit a low of 845 and close the week around the levels of 898.

Support for the stock lies in the zone of 870 to 880 where trend-line joining earlier highs is positioned. If the stock manages to close below this levels then the stock can drift to the levels of 840 to 845 where 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 930 to 940 from where the stock has sold off in the month of July-2016.

Broad range for the stock in coming week is seen between 865 to 870 on downside and 920 to 930 on upside.

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

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

ITC:

 

ITC

 

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

As we have mentioned last week that the stock has closed around the strong support zone of 315 to 320 where 100, 200 & 1000 Daily SMA is lying. If the stock manages to close below these 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 317 and close the week around the levels of 331.

The stock has closed around the strong support zone of 315 to 320 where 100, 200 & 1000 Daily SMA is lying. If the stock manages to close below these 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 these 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 345 to 350 on upside.

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

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

CIPLA:

 

CIPLA

 

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

As we have mentioned last week that minor support for the stock is lying around the levels of 495 to 500. If the stock manages to close below these levels then the stock can drift to the levels of 480 where 1000 Daily SMA and 200 Weekly SMA is lying. During the week the stock manages to hit a low of 497 and close the week around the levels of 512.

Minor support for the stock is lying around the levels of 495 to 500. If the stock manages to close below these levels then the stock can drift to the levels of 480 where 1000 Daily SMA and 200 Weekly SMA is lying.

Minor resistance for the stock lies in the zone of 520. Resistance for the stock lies in the zone of 540 from where the stock has broken down from the short term bottom and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 550 to 570 where 100 & 500 Daily SMA is lying.

Broad range for the stock is seen in the range of 495 – 500 on downside to 540 – 545 on upside.

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

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

DR. REDDY:

 

DRREDDY

 

Dr Reddy 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 3050 to 3100 where short term moving averages and 100 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 3250 where 500 Daily SMA is lying. During the week the stock manages to hit a high of 3122 and close the week around the levels of 2999.

Minor support for the stock is lying in the range of 2900 to 2950 where the stock has formed a short term bottom. If the stock manages to close below these levels then the stock can drift to the levels of 2750 to 2800 where the stock has formed a medium term bottom.

The stock has closed just above the resistance zone of 3050 to 3100 where short term moving averages and 100 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 3250 where 500 Daily SMA is lying.

Broad range for the stock is seen from 2900 – 2950 on downside to 3200 – 3250 on upside.

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

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

LUPIN:

 

LUPIN

 

Lupin closed the week on positive note gaining around 0.60%.

As we have mentioned last week that resistance for the stock lies in the zone of 1550 to 1600 where 500 Daily SMA and channel support which was holding the stock since the month of May – 2015. If the stock manages to close above these levels then the stock can move to the levels of 1650 to 1700 where short term moving averages are lying. During the week the stock manages to hit a high of 1569 and close the week around the levels of 1549.

Minor support for the stock lies in the zone of 1450. Support for the stock lies in the zone of 1300 to 1350 where monthly retracement for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1250.

Resistance for the stock lies in the zone of 1550 to 1600 where 500 Daily SMA and channel support which was holding the stock since the month of May – 2015. If the stock manages to close above these levels then the stock can move to the levels of 1650 to 1700 where short term moving averages are lying.

Broad range for the stock is seen from 1430 – 1450 on downside to 1590 – 1620 on upside.

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

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

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on positive note gaining around 2.60%.

As we have mentioned last week that support for the stock lies in the zone of 800 to 805 where 100 Daily SMA and trend-line support for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 770 where the stock has made a short term bottom. During the week the stock manages to hit a low of 809 and close the week around the levels of 833.

Support for the stock lies in the zone of 800 to 805 where 100 Daily SMA and trend-line support for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 770 where the stock has made a short term bottom.

Resistance for the stock lies in the zone of 835 to 840 where short term moving averages & 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 860.

Broad range for the stock in the coming week can be 810 – 8200 on lower side to 850 – 860 on upper side.

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

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

WIPRO:

 

WIPRO

 

Wipro closed the week on positive note gaining around 6.40%.

As we have mentioned last week that the stock has closed around the support zone of 545 to 550 where short term moving averages and 100 Daily SMA are lying. If the stock manages to close below these levels then the stock can drift to the levels of 520 to 525 where the stock has formed a short term bottom. During the week the stock manages to hit a low of 542 and close the week around the levels of 585.

Support for the stock lies in the zone of 560 to 565 where 200 & 500 Daily SMA are positioned. If the stock manages to close below these levels then the stock can drift to the levels of 540 where 100 Daily SMA is lying.

Resistance for the stock lies in the zone of 610 to 620 where the stock has made a medium term top in the month of Oct-2015. If the stock closes above these levels and sustains above it for couple of days then the stock can form a W– shape pattern on long term charts. The targets for the same can be in the range of 650 to 670.

Broad range for the stock in the coming week is seen between 560 to 565 on downside to 610 to 620 on upside.

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

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

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on positive note gaining around 0.50%

As we have mentioned last week that 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 these levels then the stock can move to the levels of 890 to 900 where 200 Daily SMA is positioned. During the week the stock manages to hit a high of 847 and close the week around the levels of 838.

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 these 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 these 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 810 to 820 on downside to 850 to 860 on upside.

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

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

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on positive note gaining around 3.90%.

As we have mentioned last week that 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 these levels then the stock can drift to the levels of 2300 to 2320 where short term moving averages are lying. During the week the stock manages to hit a low of 2413 and close the week around the levels of 2526.

Support for the stock lies in the zone of 2460 to 2480 where 200 & 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 2350 to 2380 where 100 Daily SMA is lying.

Resistance for the stock lies in the zone of 2550 where the stock has made a short term top. If the stock manages to close above this levels then the stock can move to the levels of 2700 from where the stock has sold off in the month of Oct-2016.

Broad range for the stock in the coming week is seen between 2460 to 2480 on downside to 2575 to 2600 on upside.

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

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

INFOSYS:

 

INFY

 

INFY closed the week on positive note gaining around 0.60%.

As we have mentioned last week that minor support for the stock lies in the zone of 1130 to 1140 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1100 to 1110 where 100 & 200 Daily SMA is lying. During the week the stock manages to hit a low of 1150 and close the week around the levels of 1173.

Minor support for the stock lies in the zone of 1130 to 1140 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1100 to 1110 where 100 & 200 Daily SMA is 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 these 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.

The company has announced the quarterly results on 15/04/2016 and prima facie the results are seemed to be above expectation. The ADR of the stock was trading 8% higher.

Broad range for the stock in the coming week is seen between 1130 to 1140 on downside to 1190 to 1200 on upside.

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

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

STATE BANK OF INDIA:

 

SBIN

 

SBIN closed the week on positive note gaining around 4.80%.

As we have mentioned last week that support for the stock lies in the zone of 170 to 175 where short term moving averages and gap created on 02-03-2016 are lying. If the stock manages to close below these 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 180 and close the week around the levels of 191.

Support for the stock lies in the zone of 170 to 175 where short term moving averages and gap created on 02-03-2016 are lying. If the stock manages to close below these 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 200 to 205 where 100 Daily SMA and 500 Weekly SMA is lying. If the stock manages to close above these 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 175 to 180 on lower side to 200 to 205 on upper side.

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

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

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 4.50%.

As we have mentioned last week that support for the stock lies in the zone of 405 to 410 where short term moving averages are lying. If the stock manages to close below these 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. During the week the stock manages to hit a low of 417 and close the week around the levels of 440.

Minor support for the stock lies in the zone of 425 to 430 where 100 Daily SMA is lying. Support for the stock lies in the zone of 412 to 417 where short term moving averages are lying. If the stock manages to close below these 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 to 465 where 500 Daily SMA is lying. If the stock manages to close above these 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 420 – 425 on lower side to 455 – 460 on upper side.

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

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

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on positive note gaining around 8.80%.

As we have mentioned last week that support for the stock lies in the zone of 215 to 222 from where the stock has broken out of the short term top and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 205 to 210 where 500 Weekly SMA and 100 Monthly SMA is lying. During the week the stock manages to hit a low of 219 and bounce to close the week around the levels of 240.

Minor support for the stock lies in the zone of 230 where 100 Daily SMA is lying. Support for the stock lies in the zone of 215 to 222 from where the stock has broken out of the short term top and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 205 to 210 where 500 Weekly SMA and 100 Monthly SMA is lying.

The stock has closed around the strong resistance zone of 240 to 245 where 1000 Daily SMA and low of Dec– 2015 is lying. If the stock manages to close above these levels then the stock can move to the levels of 255 to 260 where 200 Daily SMA is lying.

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

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

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

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on positive note gaining around 2.10%.

As we have mentioned last week that support for the stock lies in the zone of 1040 to 1050 where 100 & 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1020 to 1030 where short term moving averages are lying. During the week the stock manages to hit a low of 1042 and close the week around the levels of 1080.

Support for the stock lies in the zone of 1040 to 1050 where 100 & 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1020 to 1030 where short term moving averages are lying.

Resistance for the stock lies in the zone of 1080 to 1090 where the stock has made a short term top. If the stock manages to close above these levels then the stock can move to the levels of 1120 where trend-line joining earlier highs is lying.

Broad range for the stock in the coming week can be 1050 on lower side to 1120 on upper side.

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

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

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 3.30%.

As we have mentioned last week that minor resistance for the index lies in the zone of 8500. 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 these levels then the index can move to the levels of 9100. During the week the index manages to hit a high of 8695 and close the week around the levels of 8678.

Minor support for the index lies in the zone of 8500 to 8575 levels. If the index manages to close below this levels then the index can drift to the levels of 8150 to 8200 where 100, 200 and 1000 Daily SMA is lying.

The index has closed around the strong resistance zone of 8700 where 500 Daily SMA and 100 Weekly SMA is lying. If the index manages to close above these levels then the index can move to the levels of 9100.

Broad range for the index is seen between 8400 to 8450 on downside to 8800 to 8850 on upside.

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

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

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 7.40%.

As we have mentioned last week that support for the index lies in the zone of 7750 to 7800 where 100 & 500 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7400 to 7500 where short term moving averages are lying. During the week the index manages to hit a low of 7818 and close the week around the levels of 8400.

Minor support for the index lies in the zone of 8120 to 8160 where the index has opened gap up on 13/04/2016. Support for the index lies in the zone of 8000 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7750 to 7800 where 100 & 500 Daily SMA is lying.

Resistance for the index lies in the zone of 8500 to 8550 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 8800.

Broad range for the index is seen from 8100 to 8150 on downside to 8500 to 8550 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week that resistance for the index lies in the zone of 11000 where 500 Daily SMA and channel resistance for the index is lying. If the index manages to close above these levels then the index can move to the levels of 11500 to 11600 where 100 Daily SMA is lying. During the week the index manages to hit a high of 11253 and close the week around the levels of 11226.

Support for the index lies in the zone of 11000 where 500 Daily SMA and channel support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10400 to 10500 where weekly trend-line support for the index is lying.

Resistance for the index lies in the zone of 11300 to 11400 where short term moving averages and 100 Daily SMA is lying. If the index manages to close above these 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 10900 on downside to 11500 to 11600 on upside.

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

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

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 3.00%.

As we have mentioned last week that resistance for the index lies in the zone of 19600 to 19800 where 500 & 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 20100 where trend-line joining earlier highs is lying. During the week the index manages to hit a high of 20082 and close the week around the levels of 20045.

The index has closed around the resistance zone of 20100 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 20300 to 20500 from where the index has sold off in the month of Jan – 2016.

Support for the index lies in the zone of 19600 to 19800 where 200 & 500 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 19200 to 19300 where short term moving averages and 100 Daily SMA is lying.

Broad range for the index in the coming week is seen from 19400 on downside to 20500 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT index ended the week on positive note gaining around 2.60%.

As we have mentioned last week that support for the index lies in the zone of 10900 to 11000 where 100 & 500 Daily SMA is lying. If the index manages to close below these 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. During the week the index manages to hit a low of 10975 and close the week around the levels of 11352.

Support for the index lies in the zone of 11200 to 11300 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 10900 to 11000 where 100 & 500 Daily SMA is lying.

Resistance for the index lies in the zone of 11500 to 11600 where 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 12000.

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 (April 18, 2016 – April 22, 2016)

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

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 4.60%.

As we have mentioned last week that minor support for the index lies in the range of 15400 to 15500. If the index manages to close below these levels then the index can drift to the levels of 15000 to 15200 where short term moving averages are lying. During the week the index manages to hit a low of 15440 and bounce to close the week around the levels of 16279.

Minor support for the index lies in the zone of 15950 to 16050 where the index has opened gap up on 13/04/2016. If the index manages to close below these levels then the index can drift to the levels of 15500 to 15700 where short term moving averages and 100 Daily SMA are lying.

Resistance for the index lies in the zone of 16300 to 16400 where the index has opened the gap down on 07/01/2016. If the index manages to close above these levels then the index can move to the levels of 16800 to 17000 where 200 & 500 Daily SMA and trend-line joining earlier highs is lying.

Range for the week is seen from 15700 to 15800 on downside to 16500 to 16600 on upside.

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

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

NIFTY:

 

NSE Nifty

 

Nifty ended the week on positive note gaining around 3.90%.

As we have mentioned last week that support for the index lies in the zone of 7500 to 7550 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 these 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 7517 and bounce to close the week around the levels of 7850.

Minor support for the index lies in the zone of 7700 to 7750 where the index has opened gap up on 13/04/2016. Support for the index lies in the zone of 7500 to 7550 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 these 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.

The index has closed around the resistance zone of 7900 to 7950 where 200 & 500 Daily SMA is lying. If the index manages to close above these 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 7600 on downside to 8000 on upside.

Share Market Tips for – Wednesday, April 13, 2016

equitypandit_square

Market Would See Sharp Breakout Today, Hold Long Positions

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day with 2 points negative for Nifty. EquityPandit predicted that Indian Stock Market has entered positive zone and traders should buy at dips in the market. EquityPandit also predicted that Market would see some resistance near 7715 for Nifty and 15950 levels for BankNifty and exactly same happened. Indian Stock Market saw some correction in initial trade but recovered sharply and saw highs right at EquityPandit’s predicted resistance levels of 7715 for Nifty and 15950 for BankNifty like a dot. Traders, who followed EquityPandit’s advice to go long at dips might have earned huge profits for the day and would continue to earn so. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open gap positive. Technically, Indian Stock Market is still in positive zone. Today, we would see a sharp breakout in the market. Market may now move towards 7800-8000 levels for Nifty and 16500-17000 levels for BankNifty in upcoming days. Traders are suggested to go long at every dip in the market. If Nifty manages to hold 7600 levels in upcoming sessions then market would see a sharp breakout from here. Now, a sharp breakout is round the corner. Next targets for Nifty is 7800-7888 levels and BankNifty is 16200-16500 levels in upcoming sessions. FIIs were net buyers of Rs.307.72 crores whereas DIIs were net sellers of Rs.61.74 crores in cash market for last trading session. Nifty would see strong support at 7643-7600-7564-7500 whereas strong resistance would be seen at 7725-7776-7855-7888 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: (7709) The support for the Nifty is 7643-7600-7564-7500 and the resistance to the up move is at 7725-7776-7855-7888 levels.

NSE BankNifty: (15880) The support for BankNifty is at 15735-15515-15450-15365 and the resistance to the up move is at 15950-16060-16156-16280 levels.

BSE Sensex: (25146) The support for the Sensex is at 25060-24950-24834-24680 and the resistance to the up move is at 25280-25342-25572 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, April 12, 2016

equitypandit_square

Market Entered Positive Zone, Go Long At Dips

 

Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that market is in negative zone but FIIs trading pattern shows that we may see a big breakout in upcoming trading sessions. EquityPandit also predicted that traders should initiate fresh long positions if Nifty breaches 7635 levels and exactly same happened. Indian Stock Market breached EquityPandit’s given levels and saw a sharp breakout from there. Traders, who followed EquityPandit’s advice to go long, if Nifty breaches 7635 might have earned good profits for the day. Sensex saw highs right below EquityPandit’s predicted resistance levels of 25060. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market has entered positive zone. Now, traders can go long at every dip in the market. If Market managed to hold 7500 levels in upcoming sessions then this would be a long positive trend and we may see a sharp breakout from here. Now, a sharp breakout is round the corner. Once BankNifty closes above 15840 levels, we would see huge positive momentum and sharp breakout would be seen in overall market that would take Nifty near to 7777-7800 levels and BankNifty to 16000-16200 levels in upcoming session. FIIs were net buyers of Rs.107.23 crores whereas DIIs were net buyers of Rs.303.88 crores in cash market for last trading session. Nifty would see strong support at 7643-7600-7564-7500 whereas strong resistance would be seen at 7715-7776-7855-7888 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: (7671) The support for the Nifty is 7643-7600-7564-7500 and the resistance to the up move is at 7715-7776-7855-7888 levels.

NSE BankNifty: (15819) The support for BankNifty is at 15735-15515-15450-15365 and the resistance to the up move is at 15950-16060-16156-16280 levels.

BSE Sensex: (25022) The support for the Sensex is at 24950-24834-24680-24550 and the resistance to the up move is at 25120-25280-25342-25572 levels.

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

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Share Market Tips for – Monday, April 11, 2016

equitypandit_square

Initiate Long Positions Only If Nifty Breaches 7635 Until Then Hold Short

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that market would be rangebound and traders should hold short positions as of now. Indian Stock Market saw sideways movement in a rangebound region between EquityPandit’s predicted support and resistance levels. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market would open flat with negative bias. Technically, Indian Stock Market is still in negative zone. Analysis would still remain same. Now, trend reversal would be seen only if Nifty closes above 7635 levels and BankNifty closes above 15842 levels. If that happens, we would see a sharp breakout in the market and traders should initiate fresh long positions if these levels are breached in the market on intraday basis and take long positions home, if market closes above these levels. Some interesting observation was seen When EquityPandit did some research on FIIs trades in last couple of days. We found that FIIs trades looks like they are exiting the short positions in Stock Futures that was sold at higher levels and are accumulating long positions in index futures and hence market is not breaching its support levels. This shows that we are near to see a big breakout in the market in upcoming days. But for now, until the EquityPandit’s predicted reversal levels are not brached by closing, traders should hold short positions. FIIs were net buyers of Rs.180.27 crores whereas DIIs were net sellers of Rs.159.01 crores in cash market for last trading session. Nifty would see strong support at 7515-7485-7454-7416 whereas strong resistance would be seen at 7585-7640-7663-7700 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: (7555) The support for the Nifty is 7515-7485-7454-7416 and the resistance to the up move is at 7585-7640-7663-7700 levels.

NSE BankNifty: (15568) The support for BankNifty is at 15500-15365-15200 and the resistance to the up move is at 15605-15803-15956-16020 levels.

BSE Sensex: (24674) The support for the Sensex is at 24550-24488-24380 and the resistance to the up move is at 24805-24915-24988-25060 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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Colgate Palmolive Outlook for the Week (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for Colgate Palmolive for the week (April 11, 2016 – April 13, 2016):

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive 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 850 to 860 from where the stock has broken down. If the stock manages to close above these 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 844 and close the week around the levels of 820.

The stock has closed just below the support zone of 825 to 830 where the channel support for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 790 to 800 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 these levels then the stock can move to the levels of 880 to 890 where 500 Daily SMA and 100 Weekly SMA is lying.

Broad range for the stock is seen between 800 to 810 on lower end and 840 to 850 on upper end.

Dabur Outlook for the Week (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for DABUR for the week (April 11, 2016 – April 13, 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 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 these levels then the stock can move to the levels of 260 to 270 where 100 Daily SMA is lying. During the week the stock manages to hit a high of 253 and close the week around the levels of 250.

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 these 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 these 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 (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (April 11, 2016 – April 13, 2016):

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on negative note losing around 2.00%.

As we have mentioned last week that support for the stock lies in the zone of 840 to 845 where 200 Daily SMA is lying. If the stock manages to close below these 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 846 and close the week around the levels of 850.

Support for the stock lies in the zone of 840 to 845 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 830 where 100 Daily SMA is lying.

Stock has closed around the resistance zone of 870 to 880 where trend-line joining earlier highs is positioned. If the stock manages to close above these levels then the stock can move to the levels of 900 to 920.

Broad range for the stock in coming week is seen between 830 to 835 on downside and 880 to 890 on upside.

ITC Outlook for the Week (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for ITC for the week (April 11, 2016 – April 13, 2016):

ITC:

 

ITC

 

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

As we have mentioned last week that support for the stock lies in the zone of 315 to 320 where 100, 200 & 1000 Daily SMA is lying. If the stock manages to close below these 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 319 and close the week around the levels of 321.

The stock has closed around the strong support zone of 315 to 320 where 100, 200 & 1000 Daily SMA is lying. If the stock manages to close below these 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.

Minor resistance for the stock lies in the zone of 325. 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 these 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 (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for Cipla for the week (April 11, 2016 – April 13, 2016):

CIPLA:

 

CIPLA

 

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

As we have mentioned last week that minor support for the stock is lying around the levels of 500 to 510. If the stock manages to close below these levels then the stock can drift to the levels of 480 where 1000 Daily SMA and 200 Weekly SMA is lying. During the week the stock manages to hit a low of 497 and close the week around the levels of 505.

Minor support for the stock is lying around the levels of 495 to 500. If the stock manages to close below these levels then the stock can drift to the levels of 480 where 1000 Daily SMA and 200 Weekly SMA is lying.

Minor resistance for the stock lies in the zone of 520. Resistance for the stock lies in the zone of 540 from where the stock has broken down from the short term bottom and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 550 to 570 where 100 & 500 Daily SMA is lying.

Broad range for the stock is seen in the range of 480 – 485 on downside to 540 – 545 on upside.

Dr. Reddy Outlook for the Week (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (April 11, 2016 – April 13, 2016):

DR. REDDY:

 

DRREDDY

 

Dr Reddy 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 3050 to 3100 where short term moving averages and 100 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 3250 where 500 Daily SMA is lying. During the week the stock manages to hit a high of 3089 and close the week around the levels of 3039.

Minor support for the stock is lying in the range of 2900 to 2950 where the stock has formed a short term bottom. If the stock manages to close below these levels then the stock can drift to the levels of 2750 to 2800 where the stock has formed a medium term bottom.

Resistance for the stock lies in the zone of 3050 to 3100 where short term moving averages and 100 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 3250 where 500 Daily SMA is lying.

Broad range for the stock is seen from 2900 – 2950 on downside to 3100 – 3150 on upside.

Lupin Outlook for the Week (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for Lupin for the week (April 11, 2016 – April 13, 2016):

LUPIN:

 

LUPIN

 

Lupin closed the week on positive note gaining around 5.10%.

As we have mentioned last week that resistance for the stock lies in the zone of 1500 to 1550 where 500 Daily SMA and channel support which was holding the stock since the month of May – 2015. If the stock manages to close above these levels then the stock can move to the levels of 1650 to 1700 where short term moving averages are lying. During the week the stock manages to hit a high of 1555 and close the week around the levels of 1540.

Minor support for the stock lies in the zone of 1430 to 1450. Support for the stock lies in the zone of 1300 to 1350 where monthly retracement for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1250.

Resistance for the stock lies in the zone of 1550 to 1600 where 500 Daily SMA and channel support which was holding the stock since the month of May – 2015. If the stock manages to close above these levels then the stock can move to the levels of 1650 to 1700 where short term moving averages are lying.

Broad range for the stock is seen from 1430 – 1450 on downside to 1590 – 1620 on upside.

Sun Pharma Outlook for the Week (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (April 11, 2016 – April 13, 2016):

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on negative note losing around 0.40%.

As we have mentioned last week that support for the stock lies in the zone of 800 to 805 where 100 Daily SMA and trend-line support for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 770 where the stock has made a short term bottom. During the week the stock manages to hit a low of 798 and close the week around the levels of 812.

Support for the stock lies in the zone of 800 to 805 where 100 Daily SMA and trend-line support for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 770 where the stock has made a short term bottom.

Resistance for the stock lies in the zone of 830 to 840 where 200 & 500 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 860.

Broad range for the stock in the coming week can be 780 – 790 on lower side to 840 – 850 on upper side.

Wipro Outlook for the Week (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for Wipro for the week (April 11, 2016 – April 13, 2016):

WIPRO:

 

WIPRO

 

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

As we have mentioned last week that support for the stock lies in the zone of 545 to 550 where short term moving averages and 100 Daily SMA are lying. If the stock manages to close below these levels then the stock can drift to the levels of 520 to 525 where the stock has formed a short term bottom. During the week the stock manages to hit a low of 546 and close the week around the levels of 550.

The stock has closed around the support zone of 545 to 550 where short term moving averages and 100 Daily SMA are lying. If the stock manages to close below these levels then the stock can drift to the levels of 520 to 525 where the stock has formed a short term bottom.

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 these 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 560 to 565 on upside.

HCL Tech Outlook for the Week (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for HCL Tech for the week (April 11, 2016 – April 13, 2016):

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on positive note gaining around 1.60%.

As we have mentioned last week that 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 these levels then the stock can move to the levels of 890 to 900 where 200 Daily SMA is positioned. During the week the stock manages to hit a high of 849 and close the week around the levels of 833.

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 these 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 these 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 (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for TCS for the week (April 11, 2016 – April 13, 2016):  

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on negative note losing around 0.90%.

As we have mentioned last week that 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 these levels then the stock can move to the levels of 2550. During the week the stock manages to hit a high of 2490 and close the week around the levels of 2432.

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 these levels then the stock can drift to the levels of 2300 to 2320 where short term moving averages are lying.

Strong resistance for the stock lies in the zone of 2460 to 2480 where 200 & 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above these 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 2480 to 2500 on upside.

 

 

Infosys Outlook for the Week (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for Infosys for the week (April 11, 2016 – April 13, 2016):

INFOSYS:

 

INFY

 

INFY closed the week on negative note losing around 3.30%.

As we have mentioned last week that 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 these 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 1248 and sold off to close the week around the levels of 1166.

Minor support for the stock lies in the zone of 1130 to 1140 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1100 to 1110 where 100 & 200 Daily SMA is 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 these 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 1130 to 1140 on downside to 1190 to 1200 on upside.

SBI Outlook for the Week (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for SBI for the week (April 11, 2016 – April 13, 2016):

STATE BANK OF INDIA:

 

SBIN

 

SBIN closed the week on negative note losing around 6.40%.

As we have mentioned last week that 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 these 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 180 and close the week around the levels of 183.

Support for the stock lies in the zone of 170 to 175 where short term moving averages and gap created on 02-03-2016 are lying. If the stock manages to close below these 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 200 to 205 where 100 Daily SMA and 500 Weekly SMA is lying. If the stock manages to close above these 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 195 to 200 on upper side.

Axis Bank Outlook for the Week (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for Axis Bank for the week (April 11, 2016 – April 13, 2016):

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 6.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 460 where 500 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 480 where 200 Daily SMA is lying. During the week the stock manages to hit a high of 451 and close the week around the levels of 422.

Support for the stock lies in the zone of 405 to 410 where short term moving averages are lying. If the stock manages to close below these 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.

Minor resistance for the stock lies in the zone of 430 where 100 Daily SMA is lying. Resistance for the stock lies in the zone of 460 where 500 Daily SMA is lying. If the stock manages to close above these 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 410 – 415 on lower side to 440 – 445 on upper side.

ICICI Bank Outlook for the Week (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (April 11, 2016 – April 13, 2016):

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on negative note losing around 7.10%.

As we have mentioned last week that 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 these levels then the stock can drift to the levels of 205 to 210 where 500 Weekly SMA and 100 Monthly SMA is lying. During the week the stock manages to hit a low of 219 and close the week around the levels of 221.

Support for the stock lies in the zone of 215 to 222 from where the stock has broken out of the short term top and short term moving averages are lying. If the stock manages to close below these 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 235 to 240 where 100 Daily SMA and low of Dec– 2015 is lying. If the stock manages to close above these 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 (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (April 11, 2016 – April 13, 2016):

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on negative note losing around 0.50%.

As we have mentioned last week that support for the stock lies in the zone of 1050 to 1060 where 100 & 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1020 to 1030 where short term moving averages are lying. During the week the stock manages to hit a low of 1047 and close the week around the levels of 1059.

Support for the stock lies in the zone of 1040 to 1050 where 100 & 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1020 to 1030 where short term moving averages are lying.

Resistance for the stock lies in the zone of 1080 to 1090 where the stock has made a short term top. If the stock manages to close above these levels then the stock can move to the levels of 1120 where trend-line joining earlier highs is lying.

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

Nifty Energy Outlook for the Week (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (April 11, 2016 – April 13, 2016):

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 0.50%.

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 these levels then the index can drift to the levels of 8000. During the week the index manages to hit a low of 8264 and close the week around the levels of 8395.

Strong support for the index lies in the zone of 8100 to 8150 where 100, 200 and 1000 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 8000.

Minor resistance for the index lies in the zone of 8500. 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 these levels then the index can move to the levels of 9100.

Broad range for the index is seen between 8100 to 8150 on downside to 8500 to 8550 on upside.

Nifty Auto Outlook for the Week (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (April 11, 2016 – April 13, 2016):

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 2.50%.

As we have mentioned last week that support for the index lies in the zone of 7750 to 7800 where 100 & 500 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7400 to 7500 where short term moving averages are lying. During the week the index manages to hit a low of 7799 and close the week around the levels of 7831.

Support for the index lies in the zone of 7750 to 7800 where 100 & 500 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7400 to 7500 where short term moving averages are lying.

Strong resistance zone for the index lies in the zone of 8000 where 200 Daily SMA is lying. If the index manages to close above these 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 8000 to 8050 on upside.

Nifty Pharma Outlook for the Week (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (April 11, 2016 – April 13, 2016):

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA 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 11000 where 500 Daily SMA and channel resistance for the index is lying. If the index manages to close above these levels then the index can move to the levels of 11500 to 11600 where 100 Daily SMA is lying. During the week the index manages to hit a high of 11084 and close the week around the levels of 11000.

Support for the index lies in the zone of 10400 to 10500 where weekly trend-line support for the index is lying. If the index manages to close below these levels then the index can witness another round of freefall and next support for the index lies in the zone of 10000.

Resistance for the index lies in the zone of 11000 where 500 Daily SMA and channel resistance for the index is lying. If the index manages to close above these levels then the index can move to the levels of 11500 to 11600 where 100 Daily SMA is lying.

Broad range for the index is seen from 10400 to 10500 on downside to 11200 to 11300 on upside.

Nifty FMCG Outlook for the Week (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (April 11, 2016 – April 13, 2016):  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on negative note losing around 2.70%.

As we have mentioned last week that 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 these levels then the index can move to the levels of 20500. During the week the index manages to hit a high of 20026 and close the week around the levels of 19992.

Resistance for the index lies in the zone of 19600 to 19800 where 500 & 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 20100 where trend-line joining earlier highs is lying.

Index has closed around the support zone of 19500 where 100 Daily SMA is lying. If the index manages to close below these 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 18800 on downside to 19800 on upside.

Nifty IT Outlook for the Week (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (April 11, 2016 – April 13, 2016):

NIFTY IT:

 

NIFTYIT

 

Nifty IT index ended the week on negative note losing around 1.00%.

As we have mentioned last week that support for the index lies in the zone of 10900 to 11000 where 100 & 500 Daily SMA is lying. If the index manages to close below these 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. During the week the index manages to hit a low of 11028 and close the week around the levels of 11079.

Support for the index lies in the zone of 10900 to 11000 where 100 & 500 Daily SMA is lying. If the index manages to close below these 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 11300 to 11400 where 200 Daily SMA is lying. If the index manages to close above these 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 10800 on downside to 11500 on upside.

Nifty Bank Outlook for the Week (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (April 11, 2016 – April 13, 2016):

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on negative note losing around 3.60%.

As we have mentioned last week that resistance for the index lies in the zone of 16300 to 16400 where the index has opened the gap down on 07/01/2016. If the index manages to close above these levels then the index can move to the levels of 16800 to 17000 where 200 & 500 Daily SMA and trend-line joining earlier highs is lying. During the week the index manages to hit a high of 16278 and sold off to close the week around the levels of 15590.

Minor support for the index lies in the range of 15400 to 15500. If the index manages to close below these levels then the index can drift to the levels of 15000 to 15200 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 15800 to 16000. Resistance for the index lies in the zone of 16300 to 16400 where the index has opened the gap down on 07/01/2016. If the index manages to close above these levels then the index can move to the levels of 16800 to 17000 where 200 & 500 Daily SMA and trend-line joining earlier highs is lying.

Range for the week is seen from 15000 to 15200 on downside to 15800 to 16000 on upside.

Nifty Outlook for the Week (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for Nifty for week (April 11, 2016 – April 13, 2016):

NIFTY:

 

NSE Nifty

 

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

As we have mentioned last week that support for the index lies in the zone of 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 these 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 7527 and close the week around the levels of 7558.

Support for the index lies in the zone of 7500 to 7550 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 these 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 these 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, April 08, 2016

equitypandit_square

Continue Shorts In The Market Until Nifty Breaches 7685 Levels By Closing

 

Last Trading Session: Indian Stock Market opened flat with positive biased for the day. EquityPandit predicted that Indian Stock Market is in negative trend and traders should go short at every positive rally, until Nifty breaches levels of 7710 by closing and exactly same happened. Indian Stock Market opened positive but were not able to sustain positive movement and fell down sharply. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Sensex closed just above EquityPandit’s predicted support levels of 24680 levels. BankNifty also managed to close just above EquityPandit’s predicted support levels of 15500 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 negative zone. Every positive movement would be an opportunity for traders to go short in the market. Nifty if breaches levels of 7500 then next targets would come around 7416 levels. 7400 would act as strong support levels for Nifty, which if breached, we can see levels of 7250 in that case for Nifty. Next target for BankNifty is around 15250-15200 levels, which would act as strong support zone for BankNifty, breaching which market can see a further sharp breakdown upto 14500 levels for BankNifty. 7640-7685 would act as strong resistance levels for Nifty, breaching which by closing, Nifty would see sharp positive rally with a big breakout. BankNifty would reverse the trend if it closes above 15895 levels. For now, traders should holding short positions as suggested by EquityPandit day before yesterday, with strict closing stoploss of 7685 for Nifty and 15895 for BankNifty. FIIs were net sellers of Rs.294.72 crores whereas DIIs were net sellers of Rs.16.06 crores in last trading session. Nifty would see strong support at 7515-7485-7454-7416 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: (7546) The support for the Nifty is 7515-7485-7454-7416 and the resistance to the up move is at 7585-7620-7663-7700 levels.

NSE BankNifty: (15531) The support for BankNifty is at 15500-15365-15200 and the resistance to the up move is at 15605-15803-15956-16020 levels.

BSE Sensex: (24685) The support for the Sensex is at 24550-24488-24380 and the resistance to the up move is at 24805-24915-24988-25060 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, April 07, 2016

equitypandit_square

Market To Remain Weak Until Nifty Closes Above 7710

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that market would see positive reaction but traders should go short at every positive movement in the market and exactly same happened. Indian Stock Market opened positive but was not able to hold those positive levels and fell down sharply. Sensex saw lows right at EquityPandit’s predicted support levels of 24834 like a dot. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market would open flat for the day. Technically, Indian Stock Market is in negative zone. Some positive movement would come but it would be considered fake until Nifty breaches levels of 7710 by closing. Closing above levels of 7710 would again bring Nifty in positive zone and if that happens, it would be a big breakout. But for now, market would be considered as sell on rally. FIIs were net sellers of Rs.493.56 crores whereas DIIs were net buyers of Rs.258.69 crores in last trading session. Nifty would see strong support at 7600-7564-7500-7479 whereas strong resistance would be seen at 7710-7730-7780-7855 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: (7614) The support for the Nifty is 7600-7564-7500-7479 and the resistance to the up move is at 7710-7730-7780-7855 levels.

NSE BankNifty: (15637) The support for BankNifty is at 15570-15500-15365-15200 and the resistance to the up move is at 15803-15956-16020-16156 levels.

BSE Sensex: (24901) The support for the Sensex is at 24834-24680-24550 and the resistance to the up move is at 24988-25060-25120-25280levels.

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, April 06, 2016

equitypandit_square

Market To Open Positive But Traders Should Short At Positive Rally

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that Market would open gap negative and If RBI announces 25 bps rate cut then we would see sharp downfall in Indian Stock Market and exactly same happened. RBI announced rate cut of 25 bps and after some flickering, market fell down sharply with more than 150 points for Nifty and 500 points for Sensex. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Nifty closed just above EquityPandit’s predicted support levels of 7600 like a dot. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open gap positive for the day on the account of short-covering. Technically, Indian Stock Market, including Nifty, Sensex and BankNifty has entered into negative zone. Some positive reaction may be seen against yesterday’s sharp downfall but now the trade is to go short at every positive rally in the market. Traders should short Nifty and BankNifty near EquityPandit’s resistance levels. FIIs were net sellers of Rs.800.79 crores whereas DIIs were net buyers of Rs.55.85 crores in last trading session. Nifty would see strong support at 7600-7564-7500-7479 whereas strong resistance would be seen at 7700-7730-7780-7855levels. 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: (7603) The support for the Nifty is 7600-7564-7500-7479 and the resistance to the up move is at 7700-7730-7780-7855 levels.

NSE BankNifty: (15695) The support for BankNifty is at 15600-15500-15365-15200 and the resistance to the up move is at 15803-15956-16020-16156 levels.

BSE Sensex: (24884) The support for the Sensex is at 24834-24680-24550 and the resistance to the up move is at 24988-25060-25120-25280levels.

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Share Market Tips for – Tuesday, April 05, 2016

equitypandit_square

Market To Open Gap Negative, RBI Policy To Decide Further Direction

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened opened flat with positive bias. EquityPandit predicted that market may see some correction but overall market is positive and traders should go long at dips in the market. EquityPandit also predicted that Nifty would see strong support at 7700 levels and exactly same happened. Indian Stock Market opened positive but saw sharp correction from there. Nifty saw strong support right at EquityPandit’s predicted support levels of 7700 like a dot. BankNifty also closed right below EquityPandit’s predicted resistance levels of 16200. Finally, Market recovered and closed near to the day highs as per EquityPandit’s predictions. Traders, who followed EquityPanit’s advice might have earned huge profits for the day.

Today: Indian Stock Market would open gap negative for the day. Technically, Indian Stock Market is still in positive zone but some correction would definitely be seen in initial trading hours. 7700 would act as immediate support for Nifty on closing basis, breaching which by closing, Market would enter into weaker zone. Today is the D-day. RBI Policy would be disclosed today at 11:00 AM. Rate cut is expected but two possibilities can be seen. First, if RBI sees Rate cut of 50 bps, which street is expecting, in that case we would see sharp positive movement and levels of 17000 would be seen for BankNifty in days to come. Secondly, If RBI anounces rate cut of 25 bps, in that case we would see some sharp negative jerk but it would be temporary in nature and would again recover in few hours or few days. Overall, Market is positive and every dip would be an opportunity for traders to go long in the market until Nifty hold 7641 levels by closing. FIIs were again net buyers of Rs.236.82 crores whereas DIIs were net sellers of Rs.333.74 crores in last trading session. Nifty would see strong support at 7700-7675-7645-7600 whereas strong resistance would be seen at 7785-7805-7855-7888-7954 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: (7759) The support for the Nifty is 7700-7675-7645-7600 and the resistance to the up move is at 7785-7805-7855-7888-7954 levels.

NSE BankNifty: (16191) The support for BankNifty is at 16012-15933-15819-15760 and the resistance to the up move is at 16380-16500-16670-16800 levels.

BSE Sensex: (25400) The support for the Sensex is at 25200-25110-25012-24950 and the resistance to the up move is at 25572-25660-25831-26060 levels.

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Share Market Tips for – Monday, April 04, 2016

equitypandit_square

Overall Market Positive, RBI Policy to decide further Market direction

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative for the day. EquityPandit predicted that Indian Stock Market would see some correction as Global Markets are near strong resistance and exactly same happened. EquityPandit also predicted that traders should hold long positions until Nifty holds 7700 by closing and exactly same happened. Nifty opened negative and saw further downfall as predicted by EquityPandit. BankNifty also saw lows right near EquityPandit’s predicted support levels of 16012. Sensex also saw lows right near EquityPandit’s predicted support levels of 25110 levels. Traders, who followed EquityPandit’s advice might have earned decent profits for the day. Finally, Indian Stock Market recovered from day lows and managed to close above 7700 levels for Nifty, though in negative region.

Today: Indian Stock Market would open flat with positive bias for the day. Technically, Indian Stock Market is still in positive zone. Though US Dow Jones closed just below EquityPandit’s predicted resistance levels of 17800 like a dot, but now it looks that US Market would see positive momentum in days to come. For Indian Stock Market, the overall movement would be positive but RBI Policy holds the key for further direction. RBI Policy that is going to be disclosed on April 05, 2016, would decide further market movement. EquityPandit expects two possibilities either 50 bps rate cut or 25 bps rate cut. If RBI announced 50 bps rate cut, then the positive momentum would continue and we would see levels of 17000 for BankNifty in days to come. But if RBI announced 25 bps rate cut, then we would see some sharp negative jerk in the movement for the day but overall market would continue positive in days to come. Traders should go long and buy at dips in the market until Nifty closes below 7700 levels and BankNifty closes below 16000 levels. FIIs started the new financial year with net inflows. FIIs were again net buyers of Rs.214.01 crores whereas DIIs were net sellers of Rs.519.91 crores in last trading session. FIIs have closed March 2016 by net inflows of Rs.24,201.51 crores. Nifty would see strong support at 7700-7675-7645-7600 whereas strong resistance would be seen at 7750-7785-7805-7855 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: (7713) The support for the Nifty is 7700-7665-7645-7600 and the resistance to the up move is at 7750-7785-7805-7855 levels.

NSE BankNifty: (16175) 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: (25270) 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 (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for Colgate Palmolive for the week (April 04, 2016 – April 08, 2016):

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive 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 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 844 and close the week around the levels of 835.

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 860 to 870 on upper end.

Dabur Outlook for the Week (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for DABUR for the week (April 04, 2016 – April 08, 2016):

DABUR:

 

DABUR

 

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

As we have mentioned last week that support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 242 and close the week around the levels of 250.

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 (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (April 04, 2016 – April 08, 2016):

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on negative note losing around 0.80%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 879 and close the week around the levels of 867.

Support for the stock lies in the zone of 840 to 845 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 (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for ITC for the week (April 04, 2016 – April 08, 2016):

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 3.60%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 319 and bounce to close the week around the levels of 336.

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 315 to 320 on downside and 340 to 345 on upside.

Lupin Outlook for the Week (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for Lupin for the week (April 04, 2016 – April 08, 2016):

LUPIN:

 

LUPIN

 

Lupin 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 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. During the week the stock manages to hit a high of 1548 and sold off to close the week around the levels of 1465.

Support for the stock lies in the zone of 1300 to 1350 where monthly retracement for the stock is lying. If the stock manages to close below this levels then the stock can drift to the levels of 1250.

Resistance for the stock lies in the zone of 1500 to 1550 where 500 Daily SMA and 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 1650 to 1700 where short term moving averages are lying.

Broad range for the stock is seen from 1375 – 1400 on downside to 1550 – 1600 on upside.

Dr. Reddy Outlook for the Week (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (April 04, 2016 – April 08, 2016):

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 2.30%.

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 2800 where the stock has formed a short term bottom. During the week the stock manages to hit a low of 2887 and close the week around the levels of 2978.

Minor support for the stock is lying in the range of 2900 where the stock has formed a short term bottom. If the stock manages to close below this levels then the stock can drift to the levels of 2750 to 2800 where the stock has formed a medium term bottom.

Resistance for the stock lies in the zone of 3050 to 3100 where short term moving averages and 100 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 3250 where 500 Daily SMA is lying.

Broad range for the stock is seen from 2800 – 2850 on downside to 3050 – 3100 on upside.

Cipla Outlook for the Week (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for Cipla for the week (April 04, 2016 – April 08, 2016):

CIPLA:

 

CIPLA

 

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

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 550 to 570 where short term moving averages and 500 Daily SMA is lying. During the week the stock manages to hit a high of 537 and sold off to close the week around the levels of 514.

Minor support for the stock is lying around the levels of 500 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 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 480 – 485 on downside to 540 – 545 on upside.

Sun Pharma Outlook for the Week (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (April 04, 2016 – April 08, 2016):

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on negative note losing around 3.70%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 846 and close the week around the levels of 815.

Support for the stock lies in the zone of 800 to 805 where 100 Daily SMA and trend-line support for the stock is lying. If the stock manages to close below this levels then the stock can drift to the levels of 770 where the stock has made a short term bottom.

Resistance for the stock lies in the zone of 830 to 840 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 860.

Broad range for the stock in the coming week can be 770 – 780 on lower side to 840 – 850 on upper side.

Wipro Outlook for the Week (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for Wipro for the week (April 04, 2016 – April 08, 2016):

WIPRO:

 

WIPRO

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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 572 and close the week around the levels of 561.

Support for the stock lies in the zone of 545 to 550 where short term moving averages and 100 Daily SMA 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.

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 540 to 545 on downside to 570 to 575 on upside.

HCL Tech Outlook for the Week (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for HCL Tech for the week (April 04, 2016 – April 08, 2016):

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on positive note gaining around 0.60%.

As we have mentioned last week that minor support for the stock lies in the zone of 800 to 810. Support for the stock lies in the zone of 780 where trend-line joining earlier lows is lying. If the stock manages to close below this levels then the stock can drift to the levels of 720 to 730 where the stock has formed a bottom in the month of December – 2014. During the week the stock manages to hit a low of 800 and close the week around the levels of 822.

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 (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for TCS for the week (April 04, 2016 – April 08, 2016):  

TATA CONSULTANCY SERVICES:

 

TCS

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a high of 2550 and sold off to close the week around the levels of 2458.

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 (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for Infosys for the week (April 04, 2016 – April 08, 2016):

INFOSYS:

 

INFY

 

INFY closed the week on absolutely flat note.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 1237 and close the week around the levels of 1206.

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 (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for SBI for the week (April 04, 2016 – April 08, 2016):

STATE BANK OF INDIA:

 

SBIN

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a low of 187 and bounce to close the week around the levels of 195.

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 (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for Axis Bank for the week (April 04, 2016 – April 08, 2016):

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 2.80%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 420 and bounce to close the week around the levels of 450.

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 425 – 430 on lower side to 460 – 465 on upper side.

ICICI Bank Outlook for the Week (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (April 04, 2016 – April 08, 2016):

ICICI BANK:

 

ICICIBANK

 

ICICI Bank 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 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. During the week the stock manages to hit a low of 222.40 and bounce to close the week around the levels of 238.

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 243 to 247 from where the stock has broken down in the month of Dec – 2015 and 1000 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 (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (April 04, 2016 – April 08, 2016):

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on positive note gaining around 1.50%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 1079 and close the week around the levels of 1065.

Support for the stock lies in the zone of 1050 to 1060 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 1020 to 1030 where short term moving averages are lying.

Resistance for the stock lies in the zone of 1080 to 1090 where the stock has made a short term top. If the stock manages to close above this levels then the stock can move to the levels of 1120 where trend-line joining earlier highs is lying.

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

Nifty Energy Outlook for the Week (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (April 04, 2016 – April 08, 2016):

NIFTY ENERGY:-

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 0.50%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 8503 and close the week around the levels of 8350.

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 (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (April 04, 2016 – April 08, 2016):

NIFTY AUTO:

 

NIFTYAUTO

 

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

As we have mentioned last week that the 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. During the week the index manages to hit a low of 7846 and bounce to close the week around the levels of 8025.

Support for the index lies in the zone of 7750 to 7800 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 (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (April 04, 2016 – April 08, 2016):

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week that 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. During the week the index manages to hit a high of 11243 and close the week around the levels of 10918.

Support for the index lies in the zone of 10400 to 10500 where weekly trend-line support for the index is lying. If the index manages to close below this levels then the index can witness another round of freefall and next support for the index lies in the zone of 10000.

Resistance for the index lies in the zone of 11000 where 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 11500 to 11600 where 100 Daily SMA is lying.

Broad range for the index is seen from 10400 to 10500 on downside to 11200 to 11300 on upside.

Nifty FMCG Outlook for the Week (April 04, 2016 – April 08, 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 1.90%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 20026 and close the week around the levels of 19992.

Resistance for the index lies in the zone of 20100 where 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 19500 on downside to 20500 on upside.

Nifty IT Outlook for the Week (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (April 04, 2016 – April 08, 2016):

NIFTY IT:

 

NIFTYIT

 

Nifty IT index ended the week on absolutely flat note.

As we have mentioned last week that support for the index lies in the zone of 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. During the week the index manages to hit a low of 11089 and bounce to close the week around the levels of 11200.

Support for the index lies in the zone of 10900 to 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 11300 to 11400 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 10800 on downside to 11500 on upside.

Nifty Bank Outlook for the Week (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (April 04, 2016 – April 08, 2016):

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 1.70%.

As we have mentioned last week that 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. During the week the index manages to hit a low of 15522 and bounce to close the week around the levels of 16165.

Support for the index lies in the zone of 15700 to 15900 where 100 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 15000 to 15200 where short term moving averages are lying.

Resistance for the index lies in the zone of 16300 to 16400 where the index has opened the gap down on 07/01/2016. If the index manages to close above this levels then the index can move to the levels of 16800 to 17000 where 200 & 500 Daily SMA and trend-line joining earlier highs is lying.

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

Nifty Outlook for the Week (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for Nifty for week (April 04, 2016 – April 08, 2016):

NIFTY:

 

NSE Nifty

 

Nifty ended the week on absolutely flat note.

As we have mentioned last week that support for the index lies in the zone of 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. During the week the index manages to hit a low of 7582 and close the week around the levels of 7713.

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 – Friday, April 01, 2016

equitypandit_square

Indian Market May See Some Correction as Global Markets Near Resistance

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that market has entered into positive zone and traders should go long at every dip in the market and exactly same happened. Indian Stock Market moved sharply positive after flat opening as predicted by EquityPandit. Market fell down sharply but recovered during closing. Nifty saw highs right near EquityPandit’s predicted resistance levels of 7780 like a dot. BankNifty also achieved EquityPandit’s target of 16200 levels. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market would open gap negative for the day. Technically, Indian Stock Market is still in positive zone but global market is near a critical resistance which would force Indian Stock Market to see some correction now. Traders should hold long only until Nifty holds 7700 levels by closing. 7800 levels for Nifty is the next target and may achieve in days to come but the levels of 7700 by closing is important level to watch out for. US Index Dow Jones have entered into Monthly (Long-term) Positive zone but has strong resistance at 17800 on intraday basis and 17750 by closing basis. So, Until, these levels are not breached going long would remain risk for Indian Stock Market, so traders should hedge any long positions with Put options. FIIs were again net buyers of whooping Rs.4056.62 crores whereas DIIs were net sellers of Rs.2890.57 crores in last trading session. FIIs have closed March 2016 by net inflows of Rs.24,201.51 crores. Nifty would see strong support at 7700-7675-7645-7600 whereas strong resistance would be seen at 7785-7805-7855-7888 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: (7738) The support for the Nifty is 7700-7675-7645-7600 and the resistance to the up move is at 7785-7805-7855-7888 levels.

NSE BankNifty: (16142) 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: (25342) 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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