Colgate Palmolive Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for Colgate Palmolive for the week (May 30, 2016 – June 03, 2016):

COLGATE PALMOLIVE:

 

colpal

 

Colgate Palmolive closed the week on positive note gaining around 3.80%.

As we have mentioned last week that support for the stock lies in the zone of 800 to 810 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 790 where 200 Weekly SMA is lying. During the week the stock manages to hit a low of 787 and close the week around the levels of 839.

Support for the stock lies in the zone of 800 to 810 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 790 where 200 Weekly SMA is lying.

Resistance for the stock lies in the zone of 855 to 865 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 860 to 865 on upper end.

Dabur Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for DABUR for the week (May 30, 2016 – June 03, 2016):

DABUR:

 

dabur

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 280 to 283 from where the stock has broken down from the flag formation pattern. If the stock manages to close above these levels then the stock can move to the levels of 290 to 295. During the week the stock manages to hit a high of 301 and close the week around the levels of 296.

Resistance for the stock lies in the zone of 300 to 303 where the stock has formed a short term top. If the stock manages to close above these levels then the stock can move to the levels of 312 to 315 where life time high for the stock is lying.

Support for the stock is lying in the zone of 277 to 280 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 268 to 270 where 200 Daily SMA is lying.

Broad range for the stock is seen between 280 to 285 on lower end and 305 to 310 on upper end.

Hindustan Unilever Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (May 30, 2016 – June 03, 2016):

HINDUSTAN UNILEVER:

 

hindunilvr

 

HIND Unilever closed the week on positive note gaining around 6.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 840 to 850 where short term moving averages, 100 & 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 870 to 875. During the week the stock manages to hit a high of 866 and close the week around the levels of 861.

Support for the stock lies in the zone of 840 to 850 where short term moving averages, 100 & 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 790 to 800 where 500 Daily SMA and medium term bottom for the stock is lying.

Resistance for the stock lies in the zone of 870 to 875 where short term top for the stock is lying. If the stock manages to close above these levels then the stock can move to the levels of 890 to 900.

Broad range for the stock in coming week is seen between 830 to 840 on downside and 890 to 900 on upside.

ITC Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for ITC for the week (May 30, 2016 – June 03, 2016):

ITC:

 

itc

 

ITC closed the week on positive note gaining around 8.80%.

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 355 to 360 from where the stock sold off in the month of Oct – 2016. During the week the stock manages to hit a high of 364 and close the week around the levels of 359.

Support 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 below these levels then the stock can drift to the levels of 325 to 330 where short term moving averages and 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 355 to 360 from where the stock sold off in the month of Oct – 2016. If the stock manages to close above these levels then the stock can move to the levels of 380.

Broad range for the stock in coming week is seen between 335 to 340 on downside and 375 to 380 on upside.

Cipla Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for Cipla for the week (May 30, 2016 – June 03, 2016):

CIPLA:

 

cipla

 

CIPLA closed the week on negative note losing around 6.60%.

As we have mentioned last week that support for the stock lies in the zone of 480 to 490 where 1000 Daily SMA and 200 Weekly SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 450. During the week the stock manages to hit a low of 457 and close the week around the levels of 473.

Support for the stock lies in the zone of 450 from where the stock has broken out of the multi month consolidation in the month of Aug – 2014. If the stock manages to close below these levels then the stock can drift to the levels of 400 to 410.

Resistance for the stock lies in the zone of 480 to 490 where the stock has opened gap down on 25/05/2016. If the stock manages to close above these levels then the stock can move to the levels 520 where short term moving averages are lying.

Broad range for the stock is seen in the range of 450 – 455 on downside to 500 – 510 on upside.

Dr. Reddy Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (May 30, 2016 – June 03, 2016):

DR. REDDY:

 

drreddy

 

Dr Reddy closed the week on positive note gaining around 2.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 3100 to 3150 from where the stock has sold off and 100 Daily SMA is lying, If the stock manages to close above these levels then the stock can move to the levels of 3200 to 3250 where 500 Daily SMA is lying. During the week the stock manages to hit a high of 3138 and close the week around the levels of 3116.

Minor support for the stock lies in the zone of 3010 to 3050. Support for the stock lies in the zone of 2750 to 2800 where the stock has formed a medium term bottom. If the stock manages to close below these levels then the stock can witness a freefall as virtually no support is visible and stock can drift to the levels of 2500.

Resistance for the stock lies in the zone of 3100 to 3150 from where the stock has sold off in the month of April – 2016. If the stock manages to close above these levels then the stock can move to the levels of 3200 to 3250 where 500 Daily SMA is lying.

Broad range for the stock is seen from 3020 – 3050 on downside to 3220 – 3250 on upside.

Lupin Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for Lupin for the week (May 30, 2016 – June 03, 2016):

LUPIN:

 

lupin

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 1500. Support for the stock lies in the zone of 1400 to 1450 from where the stock has bounced in the month of March-2016. During the week the stock manages to hit a low of 1443 and close the week around the levels of 1480.

Support for the stock lies in the zone of 1400 to 1450 from where the stock has bounced in the month of March-2016. If the stock manages to close below these levels then the stock can drift to the levels of 1300.

Resistance for the stock lies in the zone of 1580 to 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 100 Daily SMA is lying.

Broad range for the stock is seen from 1400 – 1450 on downside to 1580 – 1620 on upside.

Sun Pharma Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (May 30, 2016 – June 03, 2016):

SUN PHARMA:

 

sunpharma

 

SUN PHARMA closed the week on positive note gaining around 4.20%.

As we have mentioned last week that support for the stock lies in the zone of 770 to 780 where the stock has made a short term bottom. If the stock manages to close below these levels then the stock can drift to the levels of 750 to760. During the week the stock manages to hit a low of 771 and close the week around the levels of 825.

Support for the stock lies in the zone of 800 to 810 where trend-line resistance for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 770 to 780 where the stock has made a short term bottom.

Resistance for the stock lies in the zone of 830 to 840 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 850 to 860.

Broad range for the stock in the coming week can be 800 – 810 on lower side to 845 – 850 on upper side.

Wipro Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for Wipro for the week (May 30, 2016 – June 03, 2016):

WIPRO:

 

wipro

 

Wipro closed the week on positive note gaining around 0.40%.

As we have mentioned last week that resistance 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 above these levels then the stock can move to the levels of 560 to 570 where 200 & 500 Daily SMA are lying. During the week the stock manages to hit a high of 551 and close the week around the levels of 545.

Minor support for the stock lies in the zone of 530. Support for the stock lies in the zone of 520 to 525 from where the stock has bounced in the month of March – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 505 where the stock has formed a medium term bottom.

Resistance 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 above these levels then the stock can move to the levels of 560 to 570 where 200 & 500 Daily SMA are lying.

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

HCL Tech Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for HCL Tech for the week (May 30, 2016 – June 03, 2016):

HCL TECHNOLOGIES:

 

hcltech

 

HCL Tech closed the week on positive note gaining around 2.80%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 750. 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. During the week the stock manages to hit a high of 760 and close the week around the levels of 758.

Minor support for the stock lies in the zone of 730 to 740. Support for the stock lies in the zone of 700 to 710 from where the stock has formed a bottom in the month of Dec – 2014. If the stock manages to close below these levels then the stock can drift to the levels of 650.

Minor resistance for the stock lies in the zone of 750. 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 820 to 825 where 100 Daily SMA is lying.

Broad range for the stock in the coming week is seen between 730 to 735 on downside to 775 to 780 on upside.

TCS Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for TCS for the week (May 30, 2016 – June 03, 2016):

TATA CONSULTANCY SERVICES:

 

tcs

 

TCS 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 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 100 Daily SMA is lying. During the week the stock manages to hit a low of 2460 and close the week around the levels of 2573.

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 100 Daily SMA is lying.

Resistance for the stock lies in the zone of 2590 to 2600 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 2440 to 2460 on downside to 2650 to 2680 on upside.

Infosys Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for Infosys for the week (May 30, 2016 – June 03, 2016):

INFOSYS:

 

infy

 

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

As we have mentioned last week that resistance for the stock lies in the 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. During the week the stock manages to hit a high of 1259 and close the week around the levels of 1247.

Support for the stock lies in the zone of 1200 to 1210 where trend-line joining earlier highs is positioned. If the stock manages to close below these levels then the stock can drift to the levels of 1170 to 1180 where short term moving averages are lying.

Resistance for the stock lies in the zone of 1265 to 1270 where the stock has made a high in the month of April – 2016. The stock has broken out of multi-month consolidation so virtually no resistance lies.

Broad range for the stock in the coming week is seen between 1200 to 1210 on downside to 1270 to 1280 on upside.

SBI Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for SBI for the week (May 30, 2016 – June 03, 2016):

STATE BANK OF INDIA:

 

sbin

 

SBIN closed the week on positive note gaining around 14.30%.

As we have mentioned last week that minor support for the stock lies in the zone of 163 from where the stock has opened gap up on 02-03-2016. 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 166 and close the week around the levels of 196.

Support for the stock lies in the zone of 180 to 183 where short term moving averages and 100 Daily SMA are lying. If the stock manages to close below these levels then the stock can move to the levels of 163 from where the stock has opened gap up on 02-03-2016.

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 215 where 200 Daily SMA is lying.

Broad range for the stock in the coming week can be 180 to 183 on lower side to 208 to 212 on upper side.

Axis Bank Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for Axis Bank for the week (May 30, 2016 – June 03, 2016):

AXIS BANK:

 

axisbank

 

Axis Bank closed the week on positive note gaining around 4.40%.

As we have mentioned last week that strong resistance for the stock lies in the zone of 505 to 515 where the stock has opened gap down on 28-10-2015. If the stock manages to close above these levels then the stock can move to the levels of 530 to 540 from where the stock has sold off in the month of Oct – 2015. During the week the stock manages to hit a high of 525 and close the week around the levels of 512.

Minor support for the stock lies in the zone of 490 to 493. Support for the stock lies in the zone of 460 to 470 where 200 & 500 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 430 to 450 where short term moving averages & 100 Daily SMA is lying.

Resistance for the stock lies in the zone of 530 to 540 from where the stock has sold off in the month of Oct – 2015. If the stock manages to close above these levels then the stock can move to the levels of 550.

Broad range for the stock in the coming week can be 490 – 495 on lower side to 540 – 545 on upper side.

ICICI Bank Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (May 30, 2016 – June 03, 2016):

ICICI BANK:

 

icicibank

 

ICICI Bank closed the week on positive note gaining around 10.50%.

As we have mentioned last week that resistance for the stock lies in the zone of 225 to 230 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 250 where 200 Daily SMA is lying. During the week the stock manages to hit a high of 248 and close the week around the levels of 243.

Support for the stock lies in the zone of 225 to 230 where short term moving averages and 100 Daily SMA is lying. Support for the stock lies in the zone of 205 to 210 where the stock has opened gap up on 02/03/2016. If the stock manages to close below these levels then the stock can drift to the levels of 180 where the stock has made a medium term bottom.

Resistance for the stock lies in the zone of 250 to 255 where 200 Daily SMA and 200 Weekly SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 260 to 265.

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 (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (May 30, 2016 – June 03, 2016):

HDFC BANK:

 

hdfcbank

 

HDFC Bank closed the week on positive note gaining around 4.00%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 1133 and close the week around the levels of 1190.

Support for the stock lies in the zone of 1120 to 1130 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 1200.

Broad range for the stock in the coming week can be 1130 on lower side to 1200 on upper side.

Nifty Energy Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (May 30, 2016 – June 03, 2016):

NIFTY ENERGY:

 

niftyenergy

 

Nifty ENERGY index closed the week on positive note gaining around 3.80%.

As we have mentioned last week that strong resistance for the index lies in the zone of 8200 to 8250 where short term moving averages and 100 & 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 8350 to 8400. During the week the index manages to hit a high of 8499 and close the week around the levels of 8454.

Support for the index lies in the zone of 8200 to 8250 where short term moving averages and 100 & 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7900 to 7920 from where the index has broken out in the month of March – 2016.

Resistance for the index lies in the zone of 8700 where the index has hit a high in the month of April – 2016. If the index manages to close above these levels then the index can move to the levels of 8800 to 8900.

Broad range for the index is seen between 8200 to 8250 on downside to 8750 to 8800 on upside.

Nifty Auto Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (May 30, 2016 – June 03, 2016):

NIFTY AUTO:

 

niftyauto

 

Nifty AUTO index closed 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 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. During the week the index manages to hit a low of 8005 and close the week around the levels of 8394.

Minor support for the index lies in the zone of 8100 where short term moving averages are lying. 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 8550 to 8600 on upside.

Nifty Pharma Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (May 30, 2016 – June 03, 2016):

NIFTY PHARMA:

 

niftypharma

 

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

As we have mentioned last week that resistance for the index lies in the zone of 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 11247 and close the week around the levels of 11207.

Support for the index lies in the zone of 11000 where 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 10700 to 10800 on downside to 11300 to 11400 on upside.

Nifty FMCG Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (May 30, 2016 – June 03, 2016):  

NIFTY FMCG:

 

niftyfmcg

 

Nifty FMCG index closed the week on positive note gaining around 6.10%.

As we have mentioned last week that resistance for the index lies in the zone of 19600 to 19800 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 20100 where trend-line joining earlier highs is lying. During the week the index manages to hit a high of 21022 and close the week around the levels of 20907.

Resistance for the index lies in the zone of 21300 to 21500 from where the index has sold off in the month of April – 2015. If the index manages to close above these levels then the index can move to the levels of 22000 to 22500 where life time highs for the index is lying.

Support for the index lies in the zone of 20000 to 20100 from where the index has broken out from the declining trend-line resistance. If the index manages to close below these levels then the index can drift to the levels of 19700 to 19800 where 200 Daily SMA is lying.

Broad range for the index in the coming week is seen from 19800 on downside to 22000 on upside.

Nifty IT Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (May 30, 2016 – June 03, 2016):

NIFTY IT:

 

niftyit

 

Nifty IT index ended the week on positive note gaining around 3.50%.

As we have mentioned last week that support for the index lies in the zone of 10700 to 10800 from where the index has bounced in the month of March – 2016. If the index manages to close below these levels then the index can drift to the levels of 10400 to 10500. During the week the index manages to hit a low of 10868 and close the week around the levels of 11421.

Support for the index lies in the zone of 11100 to 11200 where short term moving averages and 200 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 11650 to 11700 where the index has hit a high in the month of April – 2016. If the index manages to close above these levels then the index can move to the levels of 12000 from where the index has sold off in the month of Oct – 2015.

Broad range for the index in the coming week is seen from 11000 on downside to 11800 on upside.

Nifty Bank Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (May 30, 2016 – June 03, 2016):

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on positive note gaining around 6.30%.

As we have mentioned last week that minor support for the index lies in the zone of 16200. Support for the index lies in the zone of 15800 to 16000 where 100 Daily SMA are lying. If the index manages to close below these levels then the index can drift to the levels of 15400 to 15500 from where the index has bounced in the month of April – 2016. During the week the index manages to hit a low of 16368 and close the week around the levels of 17512.

Support for the index lies in the zone of 17000 from where the index has broken out of the double top formation. If the index manages to close below these levels then the index can drift to the levels of 16500 where 200 Daily SMA is lying.

Resistance for the index lies in the zone of 18000 from where the index has sold off in the month of Oct – 2015. If the index manages to close above these levels then the index can move to the levels of 19000.

Range for the week is seen from 16600 to 16800 on downside to 18200 to 18400 on upside.

Nifty Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for Nifty for week (May 30, 2016 – June 03, 2016):

NIFTY:

 

nifty

 

Nifty ended the week on positive note gaining around 5.30%.

As we have mentioned last week that the index has closed around the resistance zone of 7820 where 200 Daily SMA is lying. Resistance for the index lies in the 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 8200. During the week the index manages to hit a high of 8164 and close the week around the levels of 8157.

Support for the index lies in the zone of 8000 from where the index has broken out from the triple top formation. If the index manages to close below these levels then the index can drift to the levels of 7800 where 200 Daily SMA is lying.

Resistance for the index lies in the zone of 8250 to 8300 from where the index has sold off in the month of Oct – 2015. If the index manages to close above these levels then the index can move to the levels of 8600 to 8650 levels.

Broad range for the week is seen from 8000 on downside to 8300 on upside.

Share Market Tips for – Friday, May 27, 2016

equitypandit_square

Continue Holding Long Positions and Buy At Dips

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that market is in positive trend and traders should go long at every dip in the market. EquityPandit also predicted that Market is ready to see Inverse Head and Shoulder Breakout and exactly same happened. EquityPandit was the first company to predict this breakout in BankNifty at 16450 levels and Nifty at 7750 levels. Traders, who followed EquityPandit’s advice to go long might have earned whopping profits in last 2 days. Nifty saw highs right at EquityPandit’s predicted resistance levels of 8080 like a dot. BankNifty also closed right below EquityPandit’s predicted resistance levels of 17370 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. Market may see some profit booking today due to new contract but that would be temporary in nature. Overall Market has seen a breakout and we would see sharp positive movements in days to come. Next target is 8150-8250 for Nifty and 17500 for BankNifty. If global cues support then this positive movement would continue till 8500 levels for Nifty and 18000 levels for BankNifty. The only strategy for the traders should be to hold long positions or initiate fresh long positions at every dip in the market. Today, SBI would disclose its quarterly results and it would affect the complete PSU Banking Sector. FIIs were net buyers of Rs.581.29 crores whereas DIIs were net buyers of Rs.685.37 crores in cash market for last trading session. Nifty would see strong support at 8005-7991-7959-7900 whereas strong resistance would be seen at 8086-8128-8180-8250 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results Today: BEML Ltd, Bharat Electronics, BHEL, BBTC, Central Bank Of India, DB Realty, DLF, EROS International, HPCL, Indian Oil Corporation, Indian Overseas Bank, Jaiprakash Power, MMTC, Muthoot Finance, NMDC, Oil India, PunjLloyd, PVR, Reliance Power, Religare Enterprises, REC Ltd, SJVN, SBI, Sun TV, Suven Life Sciences, Tata Communications, Thomas Cook and Uflex.

NSE Nifty: (8070) The support for the Nifty is 8005-7991-7959-7900 and the resistance to the up move is at 8086-8128-8180-8250 levels.

NSE BankNifty: (17359) The support for BankNifty is at 17195-17050-16960-16875 and the resistance to the up move is at 17480-17570-17652-17827 levels.

BSE Sensex: (26367) The support for the Sensex is at 26215-26128-26060-26950 and the resistance to the up move is at 26471-26687-26822 levels.

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Share Market Tips for – Thursday, May 26, 2016

equitypandit_square

Market in Positive Trend, Go Long at Dips in the Market

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that market would see sharp recovery today and once it breaches levels of 7820 for Nifty then it would see huge strength in the trend and exactly same happened. Market moved sharply positive as per EquityPandit’s predictions. BankNifty also saw highs right near EquityPandit’s predicted resistance levels of 17000 and closed just below those levels. Traders, who followed EquityPandit’s advice might have earned whopping profits for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open positive. Today is F&O Expiry day and market would see huge volatility. Technically, Indian Stock Market has entered into positive zone and now traders should go long at every dip in the market. Nifty would see some strong resistance near 7980-8013 levels, breaching which Nifty would confirm Inverse Head and Shoulder Pattern that is bullish in nature. If Nifty breaches levels of 8013 then next targets for Nifty would be 8150-8250 levels. BankNifty would also see strong resistance near 17155 levels, breaching which a sharp breakout would be seen in BankNifty. Some profit booking may be seen near EquityPandit’s predicted resistance levels but traders can consider those profit bookings as an opportunity to go long in the market. FIIs were net buyers of Rs.495.08 crores whereas DIIs were net buyers of Rs.337.22 crores in cash market for last trading session. Nifty would see strong support at 7865-7850-7775-7730 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.

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Important Results Today: BPCL, Credit Analysis and Research Ltd., EIH Ltd, FDC, Finolex Cables, Fortis Healthcare, GMDC, HT Media, Hathway Cable, India Cements, Jaypee Infratech Ltd, Jet Airways, KRBL, Mphasis, Neyveli Lignite Corporation Ltd, Novartis India, ONGC, Power Grid, Shipping Corporation Of India, Shree Cement, Sterlite Technologies, Tata Chemicals, Tata Teleservices, Titagarh Wagons, Trent, Union Bank Of India and United Spirits.

NSE Nifty: (7935) 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: (16997) 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: (25881) 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 – Wednesday, May 25, 2016

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Market To See Sharp Recovery Today

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that 7715 is important level to watch out for Nifty and breaching which Nifty would see a sharp downfall. EquityPandit also predicted that 7715 levels would act as strong support for Nifty and exactly same happened. Nifty moved sharply negative and saw lows right at EquityPandit’s predicted support levels of 7715 like a dot. Nifty recovered from EquityPandit’s supports of 7715 and closed positive for the day.

Today: Indian Stock Market would open gap positive. Technically, Analysis would still remain same and Indian Stock Market is still in negative zone but some sharp positive reaction can’t be ruled out at this point of time. Nifty needs to breach 7820 levels to see strength in the trend and until then it should be considered as short on positive rally type of market. 7715 would still be an important closing levels, below which Nifty would see a sharp downfall. Traders should wait for some positive rally and can go short again at higher levels. Few important results like L&T and Tatasteel would be disclosed today that would decide further market direction. FIIs were net sellers of Rs.815.53 crores whereas DIIs were net buyers of Rs.989.95 crores in cash market for last trading session. Nifty would see strong support at 7715-7700-7675-7606 whereas strong resistance would be seen at 7816-7830-7865-7888 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: Abbott India, AIA Engineering, Apollo Hospitals, Ashok Leyland, Bajaj Auto, Bajaj Holdings, Bosch Ltd, Container Corporation Of India, Cummins India, Engineers India, Escorts ltd, GAIL, Glaxosmithkline Pharma, Godrej Industries, HCL Infosystem, Info Edge, Kwality Ltd, Lakshmi Machine, L&T, PFC, Prism Cement, Schneider Electric, TV Today Network, Tata Steel, Thermax and VIP Industries.

NSE Nifty: (7746) The support for the Nifty is 7715-7700-7675-7606 and the resistance to the up move is at 7816-7830-7865-7888 levels.

NSE BankNifty: (16457) The support for BankNifty is at 16377-16260-16188-16011 and the resistance to the up move is at 16640-16780-16940-17000 levels.

BSE Sensex: (25305) The support for the Sensex is at 25110-25012-24950 and the resistance to the up move is at 25437-25572-25660-25790 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, May 24, 2016

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Market To Open Lower, Hold Short Positions

 

Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that Market would see some short-covering rally but traders should consider every positive rally as an opportunity to go short in the market and exactly same happened. Market opened positive and traders who followed EquityPandit’s advice to go short at positive rally might have earned huge profits for the day. Nifty saw strong support near EquityPandit’s predicted support of 7715 levels. Finally, Market closed negative for the day as per EquityPandit’s predictions.

Today: Indian Stock Market would open Negative. Technically, Indian Stock Market is still in negative zone. Now, 7715 levels would be an important closing levels to watch out for. Nifty if closes below 7715 levels then next target for Nifty would be 7678-7600 for Nifty and 16200 levels for BankNifty. Traders should continue holding short positions and should initiate further short positions for every positive rally in the market. FIIs were net sellers of Rs.65.60 crores whereas DIIs were net sellers of Rs.167.77 crores in cash market for last trading session. Nifty would see strong support at 7715-7700-7675-7606 whereas strong resistance would be seen at 7816-7830-7865-7888 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: Amara Raja Batteries, Bajaj Finance, Bajaj Finserv, Bank Of India, Cipla, Colgate-Palmolive, Greenply Industries, GSFC, Jai Corp, J&K Bank, Jubilant Life Sciences, MOIL, NCC, Omaxe, PI Industries, Page Industries, Redington India, Tata Global Beverages, Tech Mahindra and Wonderla Holidays.

NSE Nifty: (7731) The support for the Nifty is 7715-7700-7675-7606 and the resistance to the up move is at 7816-7830-7865-7888 levels.

NSE BankNifty: (16408) The support for BankNifty is at 16377-16260-16188-16011 and the resistance to the up move is at 16640-16780-16940-17000 levels.

BSE Sensex: (25230) The support for the Sensex is at 25110-25012-24950 and the resistance to the up move is at 25437-25572-25660-25790 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, May 23, 2016

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Traders Should Still Short At Every Positive Rally

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that Indian Stock Market has entered into negative zone and traders should go short at every positive rally in the market and exactly same happened. Nifty moved flat with positive bias for the day. BankNifty saw strong resistance right at EquityPandit’s predicted resistance levels of 16640 levels. Market was not able to sustain higher levels and fell down sharply exactly as predicted by EquityPandit. Traders who followed EquityPandit’s advice to go short at every positive rally, might have earned whopping profits for the day. Sensex also saw lows right at EquityPandit’s predicted support levels of 25256 levels and recovered from those lows. BankNifty also closed right above EquityPandit’s predicted support levels of 16475. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in negative zone. Market may see some short-covering rally but it would capped at 7888 levels for Nifty. Every positive rally would still be considered as an opportunity for traders to go short in the market. Next support for Nifty would be 7695-7675 levels. Nifty if closes below 7715 levels, then we could witness further downfall in the market. Overall, trade is to go short at every positive rally in the market. FIIs were net sellers of Rs.743.86 crores whereas DIIs were net buyers of Rs.597.49 crores in cash market for last trading session. Nifty would see strong support at 7715-7700-7675 whereas strong resistance would be seen at 7816-7830-7865-7888 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

Important Results Today: Aban Offshore, Chennai Petroleum, City Union Bank, Dish TV, HSIL, Jyothy Laboratories, Sonata Software, Tata Investment, Tata Power, Torrent Pharma, TTK Prestige, VRL Logistics and Welspun Corp.

NSE Nifty: (7750) The support for the Nifty is 7715-7700-7675 and the resistance to the up move is at 7816-7830-7865-7888 levels.

NSE BankNifty: (16481) The support for BankNifty is at 16377-16260-16188-16011 and the resistance to the up move is at 16640-16780-16940-17000 levels.

BSE Sensex: (25302) The support for the Sensex is at 25256-25110-25012-24950 and the resistance to the up move is at 25437-25572-25660-25790 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 (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for Colgate Palmolive for the week (May 23, 2016 – May 27, 2016):

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on negative note losing around 3.30%.

As we have mentioned last week that support for the stock lies in the zone of 800 to 810 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 790 where 200 Weekly SMA is lying. During the week the stock manages to hit a low of 806 and close the week around the levels of 809.

Support for the stock lies in the zone of 800 to 810 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 790 where 200 Weekly SMA is lying.

Resistance for the stock lies in the zone of 850 to 860 from where the stock has broken down. If the stock manages to close above 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 785 to 790 on lower end and 840 to 845 on upper end.

Dabur Outlook for the Week (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for DABUR for the week (May 23, 2016 – May 27, 2016):

DABUR:

 

DABUR

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 275 to 280. 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. During the week the stock manages to hit a low of 276 and close the week around the levels of 277.

Resistance for the stock lies in the zone of 280 to 283 from where the stock has broken down from the flag formation pattern. If the stock manages to close above these levels then the stock can move to the levels of 290 to 295.

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 268 to 270 on lower end and 288 to 290 on upper end.

Hindustan Unilever Outlook for the Week (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (May 23, 2016 – May 27, 2016):

HINDUSTAN UNILEVER:

 

HINDUNI

 

HIND Unilever closed the week on negative note losing around 2.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 840 to 850 where short term moving averages, 100 & 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 870 to 875. During the week the stock manages to hit a high of 850 and close the week around the levels of 812.

Support for the stock lies in the zone of 790 to 800 where 500 Daily SMA and medium term bottom for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 750 to 760 where the stock has formed a bottom in the month of Feb– 2016.

Resistance for the stock lies in the zone of 840 to 850 where short term moving averages, 100 & 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 870 to 875.

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

ITC Outlook for the Week (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for ITC for the week (May 23, 2016 – May 27, 2016):

ITC:

 

itc

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 320 to 325 where short term moving averages and 100 & 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA is lying. During the week the stock manages to hit a high of 339 and close the week around the levels of 330.

Support for the stock lies in the zone of 320 to 325 where short term moving averages and 100 & 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 300 to 310 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 355 to 360 from where the stock sold off in the month of Oct – 2016.

Broad range for the stock in coming week is seen between 320 to 325 on downside and 345 to 350 on upside.

Cipla Outlook for the Week (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for Cipla for the week (May 23, 2016 – May 27, 2016):

CIPLA:

 

CIPLA

 

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

As we have mentioned last week that support for the stock is lying around the levels of 520 to 525 where short term top is positioned. If the stock manages to close below these levels then the stock can drift to the levels of 480 to 490 where 1000 Daily SMA and 200 Weekly SMA is lying. During the week the stock manages to hit a low of 501 and close the week around the levels of 507.

Support for the stock lies in the zone of 480 to 490 where 1000 Daily SMA and 200 Weekly SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 450.

Minor resistance for the stock lies in the zone of 520. 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 485 – 490 on downside to 525 – 530 on upside.

Dr. Reddy Outlook for the Week (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (May 23, 2016 – May 27, 2016):

DR. REDDY:

 

DRR

 

Dr Reddy closed the week on positive note gaining around 4.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 2950 to 3000 where short term moving averages & 100 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 3100 to 3150 from where the stock has sold off. During the week the stock manages to hit a high of 3050 and close the week around the levels of 3034.

Support for the stock lies in the zone of 2750 to 2800 where the stock has formed a medium term bottom. If the stock manages to close below these levels then the stock can witness a freefall as virtually no support is visible and stock can drift to the levels of 2500.

Resistance for the stock lies in the zone of 3100 to 3150 from where the stock has sold off and 100 Daily SMA is lying, If the stock manages to close above these levels then the stock can move to the levels of 3200 to 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 (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for Lupin for the week (May 23, 2016 – May 27, 2016):

LUPIN:

 

LUPIN

 

Lupin closed the week on negative note losing around 5.30%.

As we have mentioned last week that 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 100 Daily SMA is lying. During the week the stock manages to hit a high of 1689 and close the week around the levels of 1505.

Minor support for the stock lies in the zone of 1500. Support for the stock lies in the zone of 1400 to 1450 from where the stock has bounced in the month of March-2016.

Resistance for the stock lies in the zone of 1580 to 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 100 Daily SMA is lying.

Broad range for the stock is seen from 1400 – 1450 on downside to 1580 – 1620 on upside.

Sun Pharma Outlook for the Week (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (May 23, 2016 – May 27, 2016):

SUN PHARMA:

 

SUN

 

SUN PHARMA closed the week on negative note losing around 0.50%.

As we have mentioned last week that the stock has closed just below the support 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 to 780 where the stock has made a short term bottom. During the week the stock manages to hit a high of 803 and close the week around the levels of 791.

Support for the stock lies in the zone of 770 to 780 where the stock has made a short term bottom. If the stock manages to close below these levels then the stock can drift to the levels of 750 to760.

Resistance for the stock lies in the zone of 800 to 810 where trend-line resistance for the stock is lying. If the stock manages to close above these levels then the stock can move to the levels of 815 to 820 where short term moving averages & 100 Daily SMA is lying.

Broad range for the stock in the coming week can be 770 – 775 on lower side to 810 – 815 on upper side.

Wipro Outlook for the Week (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for Wipro for the week (May 23, 2016 – May 27, 2016):

WIPRO:

 

WIPRO

 

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

As we have mentioned last week that resistance 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 above these levels then the stock can move to the levels of 560 to 570 where 200 & 500 Daily SMA are lying. During the week the stock manages to hit a high of 548 and close the week around the levels of 543.

Minor support for the stock lies in the zone of 530. Support for the stock lies in the zone of 520 to 525 from where the stock has bounced in the month of March – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 505 where the stock has formed a medium term bottom.

Resistance 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 above these levels then the stock can move to the levels of 560 to 570 where 200 & 500 Daily SMA are lying.

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

HCL Tech Outlook for the Week (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for HCL Tech for the week (May 23, 2016 – May 27, 2016):

HCL TECHNOLOGIES:

 

HCLT

 

HCL Tech closed the week on positive note gaining around 1.90%.

As we have mentioned last week that support for the stock lies in the zone of 700 to 710 from where the stock has formed a bottom in the month of Dec – 2014. If the stock manages to close below these levels then the stock can drift to the levels of 650. During the week the stock manages to hit a low of 716 and close the week around the levels of 737.

Support for the stock lies in the zone of 700 to 710 from where the stock has formed a bottom in the month of Dec – 2014. If the stock manages to close below these levels then the stock can drift to the levels of 650.

Minor resistance for the stock lies in the zone of 750. 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 715 on downside to 740 to 750 on upside.

TCS Outlook for the Week (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for TCS for the week (May 23, 2016 – May 27, 2016):

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 2550 to 2560 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. During the week the stock manages to hit a high of 2591 and close the week around the levels of 2529.

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 100 Daily SMA is lying.

Resistance for the stock lies in the zone of 2550 to 2560 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 2440 to 2460 on downside to 2570 to 2580 on upside.

Infosys Outlook for the Week (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for Infosys for the week (May 23, 2016 – May 27, 2016):

INFOSYS:

 

INFY

 

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

As we have mentioned last week that resistance for the stock lies in the 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. During the week the stock manages to hit a high 1226 and close the week around the levels of 1201.

Support for the stock lies in the zone of 1150 to 1170 where short term moving averages & 100 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1120 where 200 Daily SMA is lying.

Resistance for the stock lies in the 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 1160 to 1170 on downside to 1220 to 1230 on upside.

SBI Outlook for the Week (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for SBI for the week (May 23, 2016 – May 27, 2016):

STATE BANK OF INDIA:

 

SBIN

 

SBIN closed the week on negative note losing around 7.30%

As we have mentioned last week that resistance for the stock lies in the zone of 185 to 190 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 200 to 205 where 500 Weekly SMA is lying. During the week the stock manages to hit a high of 185 and close the week around the levels of 171.

Minor support for the stock lies in the zone of 163 from where the stock has opened gap up on 02-03-2016. 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 180 from where the stock has broken down from the double bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 185 to 190 where short term moving averages and 100 Daily SMA is lying.

Broad range for the stock in the coming week can be 158 to 162 on lower side to 185 to 190 on upper side.

Axis Bank Outlook for the Week (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for Axis Bank for the week (May 23, 2016 – May 27, 2016):

AXIS BANK:

 

AXIS

 

Axis Bank closed the week on absolutely flat note.

As we have mentioned last week that strong resistance for the stock lies in the zone of 505 to 515 where the stock has opened gap down on 28-10-2015. If the stock manages to close above these levels then the stock can move to the levels of 530 to 540 from where the stock has sold off in the month of Oct – 2015. During the week the stock manages to hit a high of 505 and close the week around the levels of 490.

Support for the stock lies in the zone of 460 to 470 where 200 & 500 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 430 to 450 where short term moving averages & 100 Daily SMA is lying.

Strong resistance for the stock lies in the zone of 505 to 515 where the stock has opened gap down on 28-10-2015. If the stock manages to close above these levels then the stock can move to the levels of 530 to 540 from where the stock has sold off in the month of Oct – 2015.

Broad range for the stock in the coming week can be 460 – 465 on lower side to 510 – 515 on upper side.

ICICI Bank Outlook for the Week (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (May 23, 2016 – May 27, 2016):

ICICI BANK:

 

ICICI

 

ICICI Bank closed the week on negative note losing around 2.80%.

As we have mentioned last week that resistance for the stock lies in the zone of 230 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 250 where 200 Daily SMA is lying. During the week the stock manages to hit a high of 228.50 and close the week around the levels of 220.

Minor support for the stock lies in the zone of 218. Support for the stock lies in the zone of 205 to 210 where the stock has opened gap up on 02/03/2016. If the stock manages to close below these levels then the stock can drift to the levels of 180 where the stock has made a medium term bottom.

Resistance for the stock lies in the zone of 225 to 230 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 250 where 200 Daily SMA is lying.

Broad range for the stock in the coming week can be 207 – 210 on lower side to 232 – 235 on upper side.

HDFC Bank Outlook for the Week (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (May 23, 2016 – May 27, 2016):

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on absolutely flat note.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 1131 and close the week around the levels of 1141.

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 1160.

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 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (May 23, 2016 – May 27, 2016):

NIFTY ENERGY:

 

jcharts(6)

 

Nifty ENERGY index closed the week on negative note losing around 2.10%.

As we have mentioned last week that 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. During the week the index manages to hit a low of 8118 and close the week around the levels of 8131.

Minor support for the index lies in the zone of 7900 to 7920 from where the index has broken out in the month of March – 2016. If the index manages to close below these levels then the index can drift to the levels of 7600.

Strong resistance for the index lies in the zone of 8200 to 8250 where short term moving averages and 100 & 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 8350 to 8400.

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

Nifty Auto Outlook for the Week (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (May 23, 2016 – May 27, 2016):

NIFTY AUTO:

 

jcharts(5)

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 8300 to 8350. 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 8304 and close the week around the levels of 8080.

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.

Minor resistance for the index lies in the zone of 8300 to 8350. 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 7900 to 7950 on downside to 8350 to 8400 on upside.

Nifty Pharma Outlook for the Week (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (May 23, 2016 – May 27, 2016):

NIFTY PHARMA:

 

jcharts(4)

 

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

As we have mentioned last week that resistance for the index lies in the zone of 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 11334 and close the week around the levels of 11071.

Support for the index lies in the zone of 11000 where 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 10700 to 10800 on downside to 11300 to 11400 on upside.

Nifty FMCG Outlook for the Week (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (May 23, 2016 – May 27, 2016):  

NIFTY FMCG:

 

jcharts(3)

 

Nifty FMCG index closed the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 19600 to 19800 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 20100 where trend-line joining earlier highs is lying. During the week the index manages to hit a high of 20085 and close the week around the levels of 19705.

Resistance for the index lies in the zone of 19600 to 19800 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 20100 where trend-line joining earlier highs is lying.

Support for the index lies in the zone of 19200 to 19300 where short term moving averages and 100 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 18600 to 18800 from where the index has bounced in the month of March – 2016.

Broad range for the index in the coming week is seen from 18800 on downside to 20100 on upside.

Nifty IT Outlook for the Week (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (May 23, 2016 – May 27, 2016):

NIFTY IT:

 

jcharts(2)

 

Nifty IT index ended the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 11000 to 11100 where 100 & 500 Daily SMA is lying. If the index manages to close below these levels then the index can move to the levels of 11200 to 11300 where 200 Daily SMA is lying. During the week the index manages to hit a high of 11197 and close the week around the levels of 11036.

Support for the index lies in the zone of 10700 to 10800 from where the index has bounced in the month of March – 2016. If the index manages to close below these levels then the index can drift to the levels of 10400 to 10500.

Resistance for the index lies in the zone of 11000 to 11100 where 100 & 500 Daily SMA is lying. If the index manages to close below these levels then the index can move to the levels of 11200 to 11300 where 200 Daily SMA is lying.

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

Nifty Bank Outlook for the Week (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (May 23, 2016 – May 27, 2016):

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on negative note losing around 1.40%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 16903 and close the week around the levels of 16481.

Minor support for the index lies in the zone of 16200. Support for the index lies in the zone of 15800 to 16000 where 100 Daily SMA are lying. If the index manages to close below these levels then the index can drift to the levels of 15400 to 15500 from where the index has bounced in the month of April – 2016.

Strong resistance zone for the index lies in the range of 16600 to 16800 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 16000 to 16200 on downside to 16800 to 17000 on upside.

Nifty Outlook for the Week (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for Nifty for week (May 23, 2016 – May 27, 2016):

NIFTY:

 

jcharts(1)

 

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

As we have mentioned last week that the index has closed around the resistance zone of 7820 where 200 Daily SMA is lying. Resistance for the index lies in the 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 8200. During the week the index manages to hit a high of 7940 and close the week around the levels of 7750.

Minor support for the index lies in the zone of 7700 to 7750. 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 7250 to 7300 where the index has opened gap up on 02/03/2016.

The index has closed around the resistance zone of 7820 where 200 Daily SMA is lying. Resistance for the index lies in the 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 8200.

Broad range for the week is seen from 7500 on downside to 8000 on upside.

Share Market Tips for – Friday, May 20, 2016

equitypandit_square

Market Entered Negative Zone, Short at Every Positive Rally

 

Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that market would move sharply negative but would see strong support at 7780 and exactly same happened. EquityPandit also predicted that if 7910 levels are not breached for Nifty then possibility of sudden downfall would persist. Indian Stock Market was not able to breach EquityPandit’s predicted resistance levels of 7910 and fell down sharply. BankNifty also saw strong supports near EquityPandit’s predicted support levels of 16518 levels. Finally, Indian Stock Market closed gap negative for the day with Nifty closing right above EquityPandit’s predicted support levels of 7780 like a dot.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market has entered into negative zone. Today, some short-covering rally may be seen after a sharp downfall but Traders should go short at every positive rally in the market. Now next target for Nifty would be 7720-7685. Fears of FED Rate Hike would further pressurize the markets across the globe. Overall, now market would be considered negative and the trade is to go short at every rally in the market for better profits. Few Indian Corporate Giants would disclose their q4 results today that would further affect the market direction. FIIs were net sellers of Rs.764.58 crores whereas DIIs were net buyers of Rs.1483.65 crores in cash market for last trading session. Nifty would see strong support at 7753-7715-7700-7685 whereas strong resistance would be seen at 7830-7865-7900-7925 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: Aditya Birla Nuvo, Allcargo Logistic, Ashoka Buildcon, Balrampur Chini, Bank Of India, Britannia Industries, Cox & Kings, DB Corp, eClerx, GVK Power, IDBI Bank, ITC Ltd, JP Chemicals, Justdial, Karnataka Bank, Praj Industries, Ramco Systems, Sundaram Fasteners, Ramco Cements, Timken India and Whirlpool.

NSE Nifty: (7783) The support for the Nifty is 7753-7715-7700-7685 and the resistance to the up move is at 7830-7865-7900-7925 levels.

NSE BankNifty: (16565) The support for BankNifty is at 16475-16377-16260-16188 and the resistance to the up move is at 16640-16780-16940-17000 levels.

BSE Sensex: (25400) The support for the Sensex is at 25256-25012 and the resistance to the up move is at 25437-25572-25660-25790 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, May 19, 2016

equitypandit_square

Market To Open Negative, Breakout If Nifty Closes Above 7910

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative for the day. EquityPandit predicted that market would see sharp correction for the day within a range of 7780 and 7910 and exactly same happened. Nifty moved sharply negative and saw strong support near Equitypandit’s predicted support levels of 7815. Finally, Market recovered from day lows but closed negative for the day. Sensex also saw lows right at EquityPandit’s predicted support levels of 25500 like a dot. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open gap negative. Technically, Indian Stock Market is still in positive zone. Market needs to close above 7910 levels for Nifty to see a sharp breakout. Nifty, if closes above 7910 then traders can go long for huge profits until then market would remain rangebound and possibility of sudden downfall would persist. Closing below 7780 suggest a sharp breakdown and closing above 7910 suggests a sharp breakout. If Nifty closes above 7910 then it would see a non-stop positive movement upto 8150 levels. FIIs were net sellers of Rs.250.70 crores whereas DIIs were net buyers of Rs.239.91 crores in cash market for last trading session. Nifty would see strong support at 7815-7780-7730-7715 whereas strong resistance would be seen at 7896-7926-7980 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results Today: CESC, Dishman Pharma, GHCL, Gujarat Pipavav Port, GSPL, ICRA, IRB Infra, Lupin, Pidilite Industries, Sobha and SpiceJet.

NSE Nifty: (7870) The support for the Nifty is 7815-7780-7730-7715 and the resistance to the up move is at 7896-7926-7980 levels.

NSE BankNifty: (16729) The support for BankNifty is at 16605-16518-16380-16190 and the resistance to the up move is at 16890-16950-17100-17160 levels.

BSE Sensex: (25705) The support for the Sensex is at 25685-25578-25500-25445 and the resistance to the up move is at 25885-25956-26060 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, May 18, 2016

equitypandit_square

Market to see Sharp Correction, Watch out 7780 or 7910 for further direction

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that traders can hold long positions with stoploss of 7780 and targets of 7926-7980 levels and exactly same happened. Market moved sharply positive and saw highs of 7940 levels for Nifty achieving EquityPandit’s target for Nifty. Traders who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed positive for the day but just below EquityPandit’s predicted resistance levels of 7896 for Nifty.

Today: Indian Stock Market would open negative. Technically, Indian Stock Market is still in positive zone. Now, Nifty would see some sharpcorrection today. Nifty is moving in a rangebound region. Nifty needs to close above 7910 levels to see a breakout in days to come or else has to close below 7780 levels to see a breakdown. Breaching any of these levels by closing would force market to move sharply in that direction. Traders can buy near support and sell near resistance levels until any of these levels are not breached on closing basis. FIIs were net sellers of Rs.224.97 crores whereas DIIs were net buyers of Rs.384.67 crores in cash market for last trading session. Nifty would see strong support at 7815-7780-7730-7715 whereas strong resistance would be seen at 7896-7926-7980 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results Today: Balkrishna Industries, Corporation Bank, Dalmia Bharat, IFB Industries, Indian Hotels, JK Lakshmi Cement, JSW Steel, PTC India, Punjab National Bank, Tata Communications and Torrent Power.

NSE Nifty: (7891) The support for the Nifty is 7815-7780-7730-7715 and the resistance to the up move is at 7896-7926-7980 levels.

NSE BankNifty: (16763) The support for BankNifty is at 16605-16518-16380-16190 and the resistance to the up move is at 16890-16950-17100-17160 levels.

BSE Sensex: (25774) The support for the Sensex is at 25685-25578-25500-25445 and the resistance to the up move is at 25885-25956-26060 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, May 17, 2016

equitypandit_square

Hold Long Positions For Nifty, Targets 7926-7980, Closing Stoploss Of 7780

 

Last Trading Session: Indian Stock Market opened flat for the day. Market moved sharply negative as predicted by EquityPandit. Nifty breached the levels of 7780 with just a small momentum but was not able to sustain below those levels and recovered sharply. EquityPandit suggested traders to hold long positions until Nifty closes below 7780 and exactly same happened. Traders who followed EquityPandit’s advice to hold long positions or go long at supports might have earned whopping profits for the day. Sensex saw highs right at EquityPandit’s predicted resistance levels of 25688 like a dot. Finally, Market closed gap positive for the day.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market is still in positive zone. Nifty is strongly holding 7780 levels by closing. It would still be considered as strong support to work with. Traders can hold long positions with strict stoploss of 7780 levels by closing. Next logical targets for Nifty would be 7926-7980 levels which would be the strong resistance for Nifty. Breaching levels of 8000 by closing would force market to see sharp breakout from the current range. FIIs were net sellers of Rs.79.84 crores whereas DIIs were net sellers of Rs.127.91 crores in cash market for last trading session. Nifty would see strong support at 7815-7780-7730-7715 whereas strong resistance would be seen at 7896-7926-7980 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results Today: Bharat Forge, GlaxoSmithKline, Gujarat Gas, Honeywell Automation, Mahindra Holidays, Motherson Sumi, Symphony, Syndicate Bank, United Bank Of India and Voltas Ltd.

NSE Nifty: (7861) The support for the Nifty is 7815-7780-7730-7715 and the resistance to the up move is at 7896-7926-7980 levels.

NSE BankNifty: (16738) The support for BankNifty is at 16605-16518-16380-16190 and the resistance to the up move is at 16890-16950-17100-17160 levels.

BSE Sensex: (25653) The support for the Sensex is at 25578-25500-25445-25228 and the resistance to the up move is at 25688-25885-25956-26060 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, May 16, 2016

equitypandit_square

Initiate Short Positions If 7780 Breaches for Nifty, Till Then Hold Long

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative for the day. EquityPandit predicted that sharp correction would be seen in the market but traders should hold long positions or go long at dips until Nifty holds 7780 levels and exactly same happened. Market saw a sharp correction and fell down sharply. Nifty saw lows right near EquityPandit’s predicted support levels of 7780 like a dot and rebounded from there. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap negative for the day. Nifty closed right at EquityPandit’s predicted support levels of 7815 like a dot.

Today: Indian Stock Market would open flat with negative bias. Technically, Indian Stock Market is still in positive zone. Till now, Market is holding 7780 levels for Nifty by closing but once it closes below those levels, Nifty would enter into negative zone and we could see sharp downfall upto 7715-7550 levels. Reversal levels of BankNifty would remain at 16500 levels. If Market is able to hold those levels and rebound then we would see some resistance near 7926-7980 levels. So, now traders should wait and see any of these levels to breach or sustain for further trading decisions. The trade is to buy at supports and sell at resistance levels with small stoplosses. FIIs were net buyers of Rs.1493.88 crores whereas DIIs were net buyers of Rs.667.03 crores in cash market for last trading session. Nifty would see strong support at 7780-7730-7715-7675 whereas strong resistance would be seen at 7843-7881-7926-7980 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results Today: BF Utilities, Gujarat Fluorochemicals, JK Tyre, NBCC, Petronet LNG, Piramal enterprises, Strides Shasun and Tata Coffee.

NSE Nifty: (7815) The support for the Nifty is 7780-7730-7715-7675 and the resistance to the up move is at 7843-7881-7926-7980 levels.

NSE BankNifty: (16717) The support for BankNifty is at 16605-16518-16380-16190 and the resistance to the up move is at 16890-16950-17100-17160 levels.

BSE Sensex: (25490) The support for the Sensex is at 25445-25228-25162-25060 and the resistance to the up move is at 25540-25620-25688-25885 levels.

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

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Dabur Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for DABUR for the week (May 16, 2016 – May 20, 2016):

DABUR:

 

dabur

 

Dabur closed the week on absolutely flat note.

As we have mentioned last week that minor support for the stock lies in the zone of 275 to 280. 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. During the week the stock manages to hit a low of 284 and close the week around the levels of 289.

Minor resistance for the stock lies in the zone of 295. Resistance for the stock lies in the zone of 300 to 305. If the stock manages to close above these levels then the stock can move to the levels of 315 to 320 where the stock has formed a life time high.

Minor support for the stock lies in the zone of 275 to 280. 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 270 to 275 on lower end and 305 to 310 on upper end.

Colgate Palmolive Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for Colgate Palmolive for the week (May 16, 2016 – May 20, 2016):

COLGATE PALMOLIVE:

 

colpal

 

Colgate Palmolive 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 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 854 and close the week around the levels of 837.

Support for the stock lies in the zone of 800 to 810 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 790 where 200 Weekly SMA is lying.

Resistance for the stock lies in the zone of 850 to 860 from where the stock has broken down. If the stock manages to close above 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 850 to 855 on upper end.

Hindustan Unilever Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (May 16, 2016 – May 20, 2016):

HINDUSTAN UNILEVER:

 

hindunilvr

 

HIND Unilever closed the week on negative note losing around 2.50%.

As we have mentioned last week that support for the stock lies in the zone of 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 810 to 820 from where the stock has bounced in the month of March – 2016. During the week the stock manages to hit a low of 822 and close the week around the levels of 832.

Support for the stock lies in the zone of 810 to 820 from where the stock has bounced in the month of March – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 790 to 800 where 500 Daily SMA and medium term bottom for the stock is lying.

Resistance for the stock lies in the zone of 840 to 850 where short term moving averages, 100 & 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 870 to 875.

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

ITC Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for ITC for the week (May 16, 2016 – May 20, 2016):

ITC:

 

itc

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 320 to 325 where short term moving averages and 100 & 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA is lying. During the week the stock manages to hit a high of 326 and close the week around the levels of 319.

Support for the stock lies in the zone of 300 to 310 where the stock had opened a gap up on 01-03-2016. If the stock manages to close below these levels then the stock can drift to the levels of 280.

Resistance for the stock lies in the zone of 320 to 325 where short term moving averages and 100 & 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA is lying.

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

Cipla Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for Cipla for the week (May 16, 2016 – May 20, 2016):

CIPLA:

 

cipla

 

CIPLA closed the week on negative note losing around 1.10%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 542 and close the week around the levels of 532.

Support for the stock is lying around the levels of 520 to 525 where short term top is positioned. If the stock manages to close below these levels then the stock can drift to the levels of 480 to 490 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 510 – 515 on downside to 545 – 550 on upside.

Dr. Reddy Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (May 16, 2016 – May 20, 2016):

DR. REDDY:

 

drreddy

 

Dr Reddy closed the week on positive note gaining around 1.80%.

As we have mentioned last week that support for the stock lies in the zone of 2750 to 2800 where the stock has formed a medium term bottom. If the stock manages to close below these levels then the stock can witness a freefall as virtually no support is visible and stock can drift to the levels of 2500. During the week the stock manages to hit a low of 2822 and close the week around the levels of 2917.

Support for the stock lies in the zone of 2750 to 2800 where the stock has formed a medium term bottom. If the stock manages to close below these levels then the stock can witness a freefall as virtually no support is visible and stock can drift to the levels of 2500.

Resistance for the stock lies in the zone of 2950 to 3000 where short term moving averages & 100 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 3100 to 3150 from where the stock has sold off.

Broad range for the stock is seen from 2800 – 2830 on downside to 2970 – 3000 on upside.

Lupin Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for Lupin for the week (May 16, 2016 – May 20, 2016):

LUPIN:

 

lupin

 

Lupin closed the week on absolutely flat note.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 1624 and close the week around the levels of 1589.

Support for the stock lies in the zone of 1570 to 1580 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 100 Daily SMA is lying.

Broad range for the stock is seen from 1540 – 1550 on downside to 1630 – 1650 on upside.

Sun Pharma Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (May 16, 2016 – May 20, 2016):

SUN PHARMA:

 

sunpharma

 

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

As we have mentioned last week that support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 792 and close the week around the levels of 795.

The stock has closed just below the support 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 to 780 where the stock has made a short term bottom.

Resistance for the stock lies in the zone of 815 to 820 where short term moving averages & 100 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 830 where 200 & 500 Daily SMA is lying.

Broad range for the stock in the coming week can be 770 – 775 on lower side to 820 – 825 on upper side.

Wipro Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for Wipro for the week (May 16, 2016 – May 20, 2016):

WIPRO:

 

wipro

 

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

As we have mentioned last week that support for the stock lies in the zone of 520 to 525 from where the stock has bounced in the month of March – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 505 where the stock has formed a medium term bottom. During the week the stock manages to hit a low of 531 and close the week around the levels of 540.

Support for the stock lies in the zone of 520 to 525 from where the stock has bounced in the month of March – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 505 where the stock has formed a medium term bottom.

Resistance 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 above these levels then the stock can move to the levels of 560 to 570 where 200 & 500 Daily SMA are lying.

Broad range for the stock in the coming week is seen between 520 to 525 on downside to 550 to 555 on upside.

HCL Tech Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for HCL Tech for the week (May 16, 2016 – May 20, 2016):

HCL TECHNOLOGIES:

 

hcltech

 

HCL Tech closed the week on absolutely flat note.

As we have mentioned last week that support for the stock lies in the zone of 710 to 720 from where the stock has formed a bottom in the month of Dec – 2014. If the stock manages to close below these levels then the stock can drift to the levels of 650. During the week the stock manages to hit a low of 706 and close the week around the levels of 723.

Support for the stock lies in the zone of 700 to 710 from where the stock has formed a bottom in the month of Dec – 2014. If the stock manages to close below these levels then the stock can drift to the levels of 650.

Minor resistance for the stock lies in the zone of 750. 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 700 to 705 on downside to 740 to 750 on upside.

TCS Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for TCS for the week (May 16, 2016 – May 20, 2016):

TATA CONSULTANCY SERVICES:

 

tcs

 

TCS 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 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 100 Daily SMA is lying. During the week the stock manages to hit a low of 2456 and close the week around the levels of 2523.

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 100 Daily SMA is lying.

Resistance for the stock lies in the zone of 2550 to 2560 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 2440 to 2460 on downside to 2570 to 2580 on upside.

Infosys Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for Infosys for the week (May 16, 2016 – May 20, 2016):

INFOSYS:

 

infy

 

INFY closed the week on positive note gaining around 2.20%.

As we have mentioned last week that resistance for the stock lies in the 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. During the week the stock manages to hit a high of 1217 and close the week around the levels of 1207.

Support for the stock lies in the zone of 1150 to 1170 where short term moving averages & 100 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1120 where 200 Daily SMA is lying.

Resistance for the stock lies in the 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 1160 to 1170 on downside to 1220 to 1230 on upside.

SBI Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for SBI for the week (May 16, 2016 – May 20, 2016):

STATE BANK OF INDIA:

 

sbin

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 185 to 190 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 200 to 205 where 500 Weekly SMA is lying. During the week the stock manages to hit a high of 190 and close the week around the levels of 185.

Support for the stock lies in the zone of 173 to 180 where 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 185 to 190 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 200 to 205 where 500 Weekly SMA is lying.

Broad range for the stock in the coming week can be 170 to 172 on lower side to 195 to 200 on upper side.

Axis Bank Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for Axis Bank for the week (May 16, 2016 – May 20, 2016):

AXIS BANK:

 

axisbank

 

Axis Bank closed the week on positive note gaining around 6.30%.

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 507 and close the week around the levels of 490.

Support for the stock lies in the zone of 460 to 470 where 200 & 500 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 430 to 450 where short term moving averages & 100 Daily SMA is lying.

Strong resistance for the stock lies in the zone of 505 to 515 where the stock has opened gap down on 28-10-2015. If the stock manages to close above these levels then the stock can move to the levels of 530 to 540 from where the stock has sold off in the month of Oct – 2015.

Broad range for the stock in the coming week can be 460 – 465 on lower side to 510 – 515 on upper side.

ICICI Bank Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (May 16, 2016 – May 20, 2016):

ICICI BANK:

 

icicibank

 

ICICI Bank closed the week on positive note gaining around 3.60%.

As we have mentioned last week that resistance for the stock lies in the zone of 230 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 250 where 200 Daily SMA is lying. During the week the stock manages to hit a high of 233 and close the week around the levels of 226.

Minor support for the stock lies in the zone of 218. Support for the stock lies in the zone of 205 to 210 where the stock has opened gap up on 02/03/2016. If the stock manages to close below these levels then the stock can drift to the levels of 180 where the stock has made a medium term bottom.

Resistance for the stock lies in the zone of 230 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 250 where 200 Daily SMA is lying.

Broad range for the stock in the coming week can be 207 – 210 on lower side to 232 – 235 on upper side.

HDFC Bank Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (May 16, 2016 – May 20, 2016):

HDFC BANK:

 

hdfcbank

 

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

As we have mentioned last week that support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 1119 and close the week around the levels of 1141.

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 Pharma Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (May 16, 2016 – May 20, 2016):

NIFTY PHARMA:

 

niftypharma

 

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 11320 and close the week around the levels of 11155.

Support for the index lies in the zone of 11000 to 11200 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 10700 to 10800 on downside to 11300 to 11400 on upside.

Nifty Energy Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (May 16, 2016 – May 20, 2016):

NIFTY ENERGY:

 

niftyenergy

 

Nifty ENERGY index closed the week on absolutely flat note.

As we have mentioned last week that 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. During the week the index manages to hit a low of 8245 and close the week around the levels of 8300.

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 8100 to 8150 on downside to 8450 to 8500 on upside.

Nifty Auto Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (May 16, 2016 – May 20, 2016):

NIFTY AUTO:

 

niftyauto

 

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

As we have mentioned last week that 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. During the week the index manages to hit a low of 8076 and close the week around the levels of 8160.

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.

Minor resistance for the index lies in the zone of 8300 to 8350. 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 7900 to 7950 on downside to 8350 to 8400 on upside.

Nifty FMCG Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (May 16, 2016 – May 20, 2016):  

NIFTY FMCG:

 

niftyfmcg

 

Nifty FMCG 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 19600 to 19800 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 20100 where trend-line joining earlier highs is lying. During the week the index manages to hit a high of 19885 and close the week around the levels of 19653.

Resistance for the index lies in the zone of 19600 to 19800 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 20100 where trend-line joining earlier highs is lying.

Support for the index lies in the zone of 19200 to 19300 where short term moving averages and 100 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 18600 to 18800 from where the index has bounced in the month of March – 2016.

Broad range for the index in the coming week is seen from 18800 on downside to 20100 on upside.

Nifty IT Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (May 16, 2016 – May 20, 2016):

NIFTY IT:

 

niftyit

 

Nifty IT index ended the week on positive note gaining around 1.30%.

As we have mentioned last week that support for the index lies in the zone of 10700 to 10800 from where the index has bounced in the month of March – 2016. If the index manages to close below these levels then the index can drift to the levels of 10400 to 10500. During the week the index manages to hit a low of 10884 and close the week around the levels of 11027.

Support for the index lies in the zone of 10700 to 10800 from where the index has bounced in the month of March – 2016. If the index manages to close below these levels then the index can drift to the levels of 10400 to 10500.

Resistance for the index lies in the zone of 11000 to 11100 where 100 & 500 Daily SMA is lying. If the index manages to close below these levels then the index can move to the levels of 11200 to 11300 where 200 Daily SMA is lying.

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

Nifty Bank Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (May 16, 2016 – May 20, 2016):

NIFTY BANK:

 

banknifty

 

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

As we have mentioned last week that 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. During the week the index manages to hit a high of 16962 and close the week around the levels of 16714.

Minor support for the index lies in the zone of 16200. Support for the index lies in the zone of 15800 to 16000 where 100 Daily SMA are lying. If the index manages to close below these levels then the index can drift to the levels of 15400 to 15500 from where the index has bounced in the month of April – 2016.

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 15700 to 15900 on downside to 16800 to 17000 on upside.

Nifty Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for Nifty for week (May 16, 2016 – May 20, 2016):

NIFTY:

 

nifty

 

Nifty ended the week on positive note gaining around 1.00%.

As we have mentioned last week that resistance for the index lies in the zone of 7800 where 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 7950 to 8000 where 500 Daily SMA is lying. During the week the index manages to hit a high of 7916 and close the week around the levels of 7814.

Minor support for the index lies in the zone of 7700 to 7750. 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 7250 to 7300 where the index has opened gap up on 02/03/2016.

The index has closed around the resistance zone of 7820 where 200 Daily SMA is lying. Resistance for the index lies in the 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 8200.

Broad range for the week is seen from 7500 on downside to 8000 on upside.

Share Market Tips for – Friday, May 13, 2016

equitypandit_square

Go Long At Every Dip Until Nifty Holds 7780 Levels

 

Last Trading Session: Exactly as predicted by EquityPandit that Indian Stock Market would see some further correction but traders should go long at every dip in the market and exactly same happened. Nifty opened flat with positive bias and moved sharply positive. BankNifty saw strong resistance right at Equitypandit’s predicted resistance levels of 16950 like a dot. Market sharply corrected from there. Market managed to recover again and finally closed positive for the day. Traders, who followed EquityPandit’s advice to go long at dips might have earned huge profits for the day.

Today: Indian Stock Market would open negative. Some sharp correction may be seen but it would be temporary until 7780 is not breached on negative side. Technically, Indian Stock Market is still in positive zone. Traders should continue to hold long positions as of now. Every downfall would be an opportunity for traders to go long in the market. Market is looking to see a sharp breakout if closes above 8000 levels for Nifty. Next logical target for Nifty would be 7975-8000 and breaching levels of 8000 would force Nifty to see levels of 8150. Today, Bank of Baroda Results would be disclosed that would direct PSU Bank and even BankNifty on Monday. BankNifty would move sharply positive in days to come, if BOB results are better than expectations as it would force PSU banks to move sharply positive. FIIs were net buyers of Rs.24.14 crores whereas DIIs were net buyers of Rs.258.35 crores in cash market for last trading session. Nifty would see strong support at 7848-7815-7775-7730 whereas strong resistance would be seen at 7926-7980-8005-8080 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: Advanta, Allahabad Bank, Bank Of Baroda, Cadila Healthcare, Capital First, Central Bank Of India, Dena Bank, Edelweiss, IL&FS Transport, Indraprastha Gas, JM Financial, UCO Bank, Union Bank of India and United Breweries.

NSE Nifty: (7900) The support for the Nifty is 7848-7815-7775-7730 and the resistance to the up move is at 7926-7980-8005-8080 levels.

NSE BankNifty: (16924) The support for BankNifty is at 16780-16605-16540-16380 and the resistance to the up move is at 16950-17100-17160 levels.

BSE Sensex: (25790) The support for the Sensex is at 25688-25620-25540-25445 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 – Thursday, May 12, 2016

equitypandit_square

Further Correction Would Be Seen, Go Long At Dips Until Nifty Holds 7780

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that Market would recover to some extent after gap negative opening. EquityPandit also suggested traders to go long at those dips. Nifty saw lows right above EquityPandit’s predicted support levels of 7775 levels whereas highs were seen just near EquityPandit’s predicted resistance levels of 7888 like a dot. Nifty recovered from gap negative opening as predicted by EquityPandit. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. But market was not able to sustain higher levels. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open negative. Though Indian Stock Market is in positive zone but the Capital Gain Tax news is pulling market down. Overall Capital Gain Tax on FIIs money is good for Indian Economy in long term. Traders should hold long positions until Nifty holds 7780 levels by closing. Once Nifty breaches 7900 levels, market would be considered strong and breaching levels of 8013 by closing would force market to see a big breakout from these levels. Further correction would be seen for now, but traders can go long at dip in the market until Market is in positive zone. BankNifty would be considered positive until it holds 16450 levels by closing. Once Nifty closes below 7780 and BankNifty below 16450 levels then traders can initiate fresh shorts in the market. FIIs were net sellers of Rs.362.19 crores whereas DIIs were net buyers of Rs.729.59 crores in cash market for last trading session. Nifty would see strong support at 7815-7775-7730-7715-7680 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

Important Results Today: Arvind Ltd, Bank Of Maharashtra, Dr. Reddy Laboratories, Glenmark Pharma, Manappuram Finance, MRPL, Nestle India, Polaris, SREI, Take Solutions, Trident, Vijaya Bank and Zydus Wellness.

NSE Nifty: (7849) The support for the Nifty is 7815-7775-7730-7715-7680 and the resistance to the up move is at 7888-7926-7980-8005 levels.

NSE BankNifty: (16754) The support for BankNifty is at 16605-16540-16380-16260 and the resistance to the up move is at 16885-16950-17100-17160 levels.

BSE Sensex: (25597) The support for the Sensex is at 25540-25445-25365-25200 and the resistance to the up move is at 25760-25885-25936-26035-26200 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 – Wednesday, May 11, 2016

equitypandit_square

Market To Open Gap Negative, Go Long At Dips

 

Last Trading Session: EquityPandit Predicted that market would see some bounce and reversal would be seen if Nifty is able to hold 7715 levels and exactly same happened. EquityPandit also predicted that if Nifty closes above 7800 levels then we would consider that market has already bottomed out. Traders, who followed EquityPandit’s advice and went long might have earned huge profits in last 2 days. Nifty saw highs right at EquityPandit’s predicted resistance levels of 7900 like a dot. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open gap negative. Technically, Indian Stock Market is in positive zone but the news on Capital Gain Tax in new Mauritius Treaty would force market to see a sharp downfall. Anyways it would be temporary in nature and it is possible that market may recover after gap down opening. Traders should go long at sharp dip in the market. Now if Nifty closes above 8013 levels then it would form a solid Inverse Head and Shoulder Pattern (Bullish), that would confirm a Sharp breakout in complete Indian Stock Market including, Nifty, BankNifty and Sensex. FIIs were net buyers of Rs.328.59 crores whereas DIIs were net buyers of Rs.68.2 crores in cash market for last trading session. Nifty would see strong support at 7775-7730-7715-7680 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.

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Important Results Today: Apollo Tyres, Asian Paints, Chambal Fertilizers, Gulf Oil, Havells India, Indian Bank, Kotak mahindra Bank, Oracle Financial Services Software, Oriental Bank Of commerce, South Indian Bank and Vakrangee.

NSE Nifty: (7888) The support for the Nifty is 7775-7730-7715-7680 and the resistance to the up move is at 7888-7926-7980-8005 levels.

NSE BankNifty: (16785) The support for BankNifty is at 16605-16540-16380-16260 and the resistance to the up move is at 16885-16950-17100-17160 levels.

BSE Sensex: (25773) The support for the Sensex is at 25540-25445-25365-25200 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, May 09, 2016

equitypandit_square

Market Would See Some Bounce, Watch Nifty Levels of 7715 and 7800 for Further Direction

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that traders should hold short positions until Nifty holds 7800 levels and exactly same happened. Market fell down sharply while opening. BankNifty saw lows right at EquityPandit’s predicted support levels of 16188 like a dot. Finally, Market recovered a bit and closed flat with negative bias for the day.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market is still in negative zone but now 7715 levels would be important closing levels for Nifty. If Nifty closes below 7715 levels then it would fell down to 7550 levels where its next strong support exists. But Market is loosing negative momentum, so If, market rebounds from here and closes above 7800 then we would consider that market has already bottomed out. Some positive short-covering rally can’t be ruled out at this point of time. Breaching levels of 8000 for Nifty and 17100 for BankNifty would confirm an Inverse Head and Shoulder Pattern (Bullish Pattern), which would force market to see a sharp breakout and we could even see new highs in few months, if that happens. Until then, we would consider market to be negative with some short covering rally seen and 7600-7500 would be considered as very strong support for Nity. FIIs were net buyers of Rs.27.71 crores whereas DIIs were net buyers of Rs.179.80 crores in cash market for last trading session. Nifty would see strong support at 7705-7685-7650-7615-7600 whereas strong resistance would be seen at 7795-7830-7865-7900 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: Alstom India, Hindustan Unilever and Vardhman Textiles.

NSE Nifty: (7733) The support for the Nifty is 7705-7685-7650-7615-7600 and the resistance to the up move is at 7795-7830-7865-7900 levels.

NSE BankNifty: (16297) The support for BankNifty is at 16188-16011-15933-15840 and the resistance to the up move is at 16380-16475-16640-16780 levels.

BSE Sensex: (25228) The support for the Sensex is at 25110-25012-24950-24835 and the resistance to the up move is at 25380-25572-25660 levels.

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Colgate Palmolive Outlook for the Week (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for Colgate Palmolive for the week (May 09, 2016 – May 13, 2016):

COLGATE PALMOLIVE:

 

colpal

 

Colgate Palmolive 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 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 859 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 (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for DABUR for the week (May 09, 2016 – May 13, 2016):

DABUR:

 

dabur

 

Dabur closed the week on positive note gaining around 5.20%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 300 and close the week around the levels of 290.

Resistance for the stock lies in the zone of 300 to 305. If the stock manages to close above these levels then the stock can move to the levels of 315 to 320 where the stock has formed a life time high.

Minor support for the stock lies in the zone of 275 to 280. 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 270 to 275 on lower end and 305 to 310 on upper end.

Hindustan Unilever Outlook for the Week (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (May 09, 2016 – May 13, 2016):

HINDUSTAN UNILEVER:

 

hindunilvr

 

HIND Unilever 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 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. During the week the stock manages to hit a low of 844 and close the week around the levels of 853.

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 810 to 820 from where the stock has bounced in the month of March – 2016.

Resistance for the stock lies in the zone of 870 to 875 from where the stock has broken down from the short term bottom. If the stock manages to close above these levels then the stock can move to the levels of 900.

Broad range for the stock in coming week is seen between 830 to 835 on downside and 870 to 875 on upside.

ITC Outlook for the Week (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for ITC for the week (May 09, 2016 – May 13, 2016):

ITC:

 

itc

 

ITC 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 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 306 and close the week around the levels of 318.

Support for the stock lies in the zone of 295 to 300 where the stock had opened a gap up on 01-03-2016. If the stock manages to close below these levels then the stock can drift to the levels of 280.

Resistance for the stock lies in the zone of 320 to 325 where short term moving averages and 100 & 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 340 where 500 Daily SMA and 100 Weekly SMA is lying.

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

Cipla Outlook for the Week (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for Cipla for the week (May 09, 2016 – May 13, 2016):

CIPLA:

 

cipla

 

CIPLA closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 547 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 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (May 09, 2016 – May 13, 2016):

DR. REDDY:

 

drreddy

 

Dr Reddy closed the week on negative note losing around 7.20%.

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 2860 and close the week around the levels of 2866.

Support for the stock lies in the zone of 2750 to 2800 where the stock has formed a medium term bottom. If the stock manages to close below these levels then the stock can witness a freefall as virtually no support is visible and stock can drift to the levels of 2500.

Resistance for the stock lies in the zone of 2950 to 3000 where 100 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 3100 to 3150 from where the stock has sold off.

Broad range for the stock is seen from 2750 – 2775 on downside to 2925 – 2950 on upside.

Lupin Outlook for the Week (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for Lupin for the week (May 09, 2016 – May 13, 2016):

LUPIN:

 

lupin

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a low of 1560 and close the week around the levels of 1587.

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 1630 – 1650 on upside.

Sun Pharma Outlook for the Week (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (May 09, 2016 – May 13, 2016):

SUN PHARMA:

 

sun

 

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 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 780 and close the week around the levels of 804.

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 770 – 780 on lower side to 825 – 830 on upper side.

Infosys Outlook for the Week (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for Infosys for the week (May 09, 2016 – May 13, 2016):

INFOSYS:

 

Infy

 

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

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. During the week the stock manages to hit a high of 1212 and close the week around the levels of 1181.

Support for the stock lies in the zone of 1140 to 1150 where short term moving averages & 100 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1120 where 200 Daily SMA is lying.

Resistance for the stock lies in the 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 1150 to 1160 on downside to 1200 to 1210 on upside.

Wipro Outlook for the Week (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for Wipro for the week (May 09, 2016 – May 13, 2016):

WIPRO:

 

wipro

 

Wipro closed the week on negative note losing around 3.80%.

As we have mentioned last week that support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 531 and close the week around the levels of 533.

Support for the stock lies in the zone of 520 to 525 from where the stock has bounced in the month of March – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 505 where the stock has formed a medium term bottom.

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 510 to 515 on downside to 550 to 555 on upside.

HCL Tech Outlook for the Week (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for HCL Tech for the week (May 09, 2016 – May 13, 2016):

HCL TECHNOLOGIES:

 

hclt

 

HCL Tech closed the week on negative note losing around 3.70%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 721 and close the week around the levels of 723.

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. If the stock manages to close below these levels then the stock can drift to the levels of 650.

Minor resistance for the stock lies in the zone of 750. 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 700 to 705 on downside to 730 to 740 on upside.

TCS Outlook for the Week (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for TCS for the week (May 09, 2016 – May 13, 2016):

TATA CONSULTANCY SERVICES:

 

tcs

 

TCS closed the week on negative note losing around 2.40%.

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 these levels then the stock can move to the levels of 2650. During the week the stock manages to hit a high of 2530 and close the week around the levels of 2473.

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 100 Daily SMA is lying.

Resistance for the stock lies in the zone of 2530 to 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 2440 on downside to 2520 to 2540 on upside.

SBI Outlook for the Week (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for SBI for the week (May 09, 2016 – May 13, 2016):

STATE BANK OF INDIA:

 

sbin

 

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

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 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. During the week the stock manages to hit a low of 178 and close the week around the levels of 184.

Support for the stock lies in the zone of 173 to 180 where 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 185 to 190 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 200 to 205 where 500 Weekly SMA is lying.

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

Axis Bank Outlook for the Week (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for Axis Bank for the week (May 09, 2016 – May 13, 2016):

AXIS BANK:

 

axisbank

 

Axis Bank closed the week on negative note losing around 2.30%.

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 479 and close the week around the levels of 461.

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 440 – 445 on lower side to 475 – 480 on upper side.

ICICI Bank Outlook for the Week (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (May 09, 2016 – May 13, 2016):

ICICI BANK:

 

icicibank

 

ICICI Bank closed the week on negative note losing around 7.70%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 213 and close the week around the levels of 219.

Support for the stock lies in the zone of 205 to 210 where the stock has opened gap up on 02/03/2016. If the stock manages to close below these levels then the stock can drift to the levels of 180 where the stock has made a medium term bottom.

Resistance for the stock lies in the zone of 230 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 250 where 200 Daily SMA is lying.

Broad range for the stock in the coming week can be 205 – 207 on lower side to 230 – 232 on upper side.

HDFC Bank Outlook for the Week (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (May 09, 2016 – May 13, 2016):

HDFC BANK:

 

hdfcbank

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a low of 1113 and close the week around the levels of 1119.

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 1100 on lower side to 1150 on upper side.

Nifty Energy Outlook for the Week (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (May 09, 2016 – May 13, 2016):

NIFTY ENERGY:

 

niftyenergy

 

Nifty ENERGY index closed the week on negative note losing around 1.30%.

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 8483 and close the week around the levels of 8300.

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 8100 to 8150 on downside to 8450 to 8500 on upside.

Nifty Auto Outlook for the Week (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (May 09, 2016 – May 13, 2016):

NIFTY AUTO:

 

niftyauto

 

Nifty AUTO index closed the week on negative note losing around 1.20%.

As we have mentioned last week that 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. During the week the index manages to hit a low of 8055 and close the week around the levels of 8193.

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 7900 to 7950 on downside to 8450 to 8500 on upside.

Nifty Pharma Outlook for the Week (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (May 09, 2016 – May 13, 2016):

NIFTY PHARMA:

 

niftypharma

 

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

As we have mentioned last week that 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. During the week the index manages to hit a low of 11080 and close the week around the levels of 11111.

Support for the index lies in the zone of 11000 to 11200 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 10700 to 10800 on downside to 11400 to 11500 on upside.

 

Nifty FMCG Outlook for the Week (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (May 09, 2016 – May 13, 2016):  

NIFTY FMCG:

 

niftyfmcg

 

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

As we have mentioned last week that support for the index lies in the zone of 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. During the week the index manages to hit a low of 19125 and close the week around the levels of 19522.

Resistance for the index lies in the zone of 19600 to 19800 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 20100 where trend-line joining earlier highs is lying.

Support for the index lies in the zone of 19200 to 19300 where short term moving averages and 100 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 18600 to 18800 from where the index has bounced in the month of March – 2016.

Broad range for the index in the coming week is seen from 18800 on downside to 20100 on upside.

Nifty IT Outlook for the Week (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (May 09, 2016 – May 13, 2016):

NIFTY IT:

 

niftyit

 

Nifty IT index ended the week on negative note losing around 2.80%.

As we have mentioned last week that 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. During the week the index manages to hit a low of 10846 and close the week around the levels of 10887.

Support for the index lies in the zone of 10700 to 10800 from where the index has bounced in the month of March – 2016. If the index manages to close below these levels then the index can drift to the levels of 10400 to 10500.

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

Broad range for the index in the coming week is seen from 10500 on downside to 11200 on upside.

Nifty Bank Outlook for the Week (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (May 09, 2016 – May 13, 2016):

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on negative note losing around 3.00%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 16719 and close the week around the levels of around 16300.

Support for the index lies in the zone of 15800 to 16000 where 100 Daily SMA are lying. If the index manages to close below these levels then the index can drift to the levels of 15400 to 15500 from where the index has bounced in the month of April – 2016.

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 15700 to 15900 on downside to 16800 to 17000 on upside.

Nifty Outlook for the Week (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for Nifty for week (May 09, 2016 – May 13, 2016):

NIFTY:

 

Nifty

 

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

As we have mentioned last week that 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. During the week the index manages to hit a low of 7678 and close the week around the levels of 7735.

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 7250 to 7300 where the index has opened gap up on 02/03/2016.

Resistance for the index lies in the zone of 7800 where 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 7950 to 8000 where 500 Daily SMA is lying.

Broad range for the week is seen from 7500 on downside to 8000 on upside.

Share Market Tips for – Friday, May 06, 2016

equitypandit_square

Hold Short Positions Until Nifty Closes Above 7800 Levels.

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPadnit predicted that market is still in negative zone but now near a bottoming out process, from where Nifty may see sharp recovery. EquityPandit also predicted that traders should go short at Positive rally and exactly same happened. Indian Stock Market opend flat with positive bias and fell down sharply to see lows around 7700 levels. Market recovered from there and made high of 7777 levels for Nifty. Market remained rangebound for the whole day with high volatility. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open gap negative. Technically, Indian Stock Market is still in negative zone. Analysis would still remain same. The downtrend looks to be capped around 7600-7500 levels. Now market is looking for direction. If market rebounds from here and closes above 7800 then we would consider that market has already bottomed out. Breaching levels of 8000 for Nifty and 17100 for BankNifty would confirm an Inverse Head and Shoulder Pattern (Bullish Pattern), which would force market to see a sharp breakout. Until then, we would consider market to be negative and 7600-7500 would be considered as very strong support for Nity. FIIs were net sellers of Rs.388.51 crores whereas DIIs were net buyers of Rs.251.79 crores in cash market for last trading session. Nifty would see strong support at 7705-7685-7650-7615-7600 whereas strong resistance would be seen at 7795-7830-7865-7900 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: Aarti Industries, Birla Corp, Claris Lifesciences, Eveready Industries, Geometric, Greaves Cotton, Inox wind, KEC International, NIIT Technologies, Pfizer, Rain Industries, Reliance Capital, Siemens, SPARC, Titan, Wockhardt.

NSE Nifty: (7736) The support for the Nifty is 7705-7685-7650-7615-7600 and the resistance to the up move is at 7795-7830-7865-7900 levels.

NSE BankNifty: (16281) The support for BankNifty is at 16188-16011-15933-15840 and the resistance to the up move is at 16380-16475-16640-16780 levels.

BSE Sensex: (25262) The support for the Sensex is at 25110-25012-24950-24835 and the resistance to the up move is at 25380-25572-25660 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, May 05, 2016

equitypandit_square

Go Short At Positive Rally, Nifty Has Strong Support At 7600-7500 Levels

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative for the day. EquityPandit predicted that market is in negative zone and traders can hold short positions as of now. EquityPandit also predicted that its target for Nifty of 7720 levels would achieve soon and exactly same happened. Indian Stock Market fell down sharply after a bit of recovery and traders who followed EquityPandit’s advice to hold short positions might have earned huge profits for the day. BankNifty saw strong resistance near EquityPandit’s predicted resistance levels of 16475 levels and fell down sharply to see lows right near EquityPandit’s predicted support levels of 16260 levels. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in negative zone. Now bottoming out process could be seen around 7600-7500 levels from where Nifty would see sharp recovery. For now, traders can continue to hold short positions as of now. FIIs were net sellers of Rs.66.45 crores whereas DIIs were net sellers of Rs.78.80 crores in cash market for last trading session. Nifty would see strong support at 7685-7650-7615-7600 whereas strong resistance would be seen at 7795-7830-7865-7900 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: Aarti Drugs, Castrol India, Eicher Motors, Emami, Gillette India, Godrej Properties, Great Eastern Shipping, Hero Motocorp, IIFL Holding, MCX and P&G.

NSE Nifty: (7707) The support for the Nifty is 7685-7650-7615-7600 and the resistance to the up move is at 7795-7830-7865-7900 levels.

NSE BankNifty: (16274) The support for BankNifty is at 16188-16011-15933-15840 and the resistance to the up move is at 16380-16475-16640-16780 levels.

BSE Sensex: (25102) The support for the Sensex is at 25012-24950-24835-24600 and the resistance to the up move is at 25250-25380-25572-25660 levels.

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Share Market Tips for – Wednesday, May 04, 2016

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Market To See Further Downfall, Hold Short Positions

 

Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that some short covering rally (Positive Rally) can’t be ruled out but every positive movement in the market would be temporary and an opportunity for traders to go short and exactly same happened. Indian Stock Market moved sharply positive but saw strong resistance right at EquityPandit’s predicted resistance levels of 7900 for Nifty. Finally, Market fell down sharply from there and saw a breakdown. BankNifty also closed right above EquityPandit’s predicted support levels of 16377. BankNifty achieved EquityPandit’s target of 16380 levels. Finally, Indian Stock Market closed gap negative for the day. Traders, who followed EquityPandit’s advice might have earned whopping profits for the day.

Today: Indian Stock Market would open negative. Technically, Indian Stock Market is already in negative zone. Traders should continue to hold short positions as of now. Some temporary reaction would come but it would again be an opportunity to go short. Traders can short near EquityPandit’s predicted resistance levels. EquityPandit’s target of 7720 for Nifty would soon achieve. FIIs were net sellers of Rs.755.28 crores whereas DIIs were net buyers of Rs.484.64 crores in cash market for last trading session. Nifty would see strong support at 7715-7685-7650-7600 whereas strong resistance would be seen at 7795-7830-7865-7900 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: Adani Enterprises, DHFL, Hexaware Technologies, Jindal Steel and Power, Orient Cement, SKS Microfinance and V-Guard Industries.

NSE Nifty: (7747) The support for the Nifty is 7715-7685-7650-7600 and the resistance to the up move is at 7795-7830-7865-7900 levels.

NSE BankNifty: (16389) The support for BankNifty is at 16260-16188-16011 and the resistance to the up move is at 16475-16640-16780-16940 levels.

BSE Sensex: (25230) The support for the Sensex is at 25180-25110-25012-24950 and the resistance to the up move is at 25572-25660-25790-25885 levels.

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

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Share Market Tips for – Tuesday, May 03, 2016

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Market in Negative Trend, Short At Every Positive Rally

 

Last Trading Session: Exactly as predicted by EquityPandit on Friday that Nifty has entered into negative zone. EquityPandit also predicted that traders should go short at every positive rally in the market and exactly same happened. Indian Stock Market opened negative for the day and went down sharply. Those who took short positions home on EquityPandit’s advice on Friday might have earned huge profits for the day. Nifty saw lows right near EquityPandit’s predicted support levels of 7780 and closed just above EquityPandit’s predicted levels of 7800. BankNifty also saw lows right at EquityPandit’s predicted support levels of 16514 like a dot. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open negative. Technically, Indian Stock Market including Nifty and BankNifty has entered into negative zone. Now some short covering rally (Positive Rally) can’t be ruled out but Every positive movement in the market would be temporary and an opportunity for traders to go short. Next target would be 7720 levels for Nifty and 16380 levels for BankNifty. FIIs were net buyers of Rs.434.93 crores whereas DIIs were net sellers of Rs.109.56 crores in cash market for last trading session. Nifty would see strong support at 7763-7720-7700-7685 whereas strong resistance would be seen at 7830-7865-7900-7925 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: Adani Ports, Adani Power, Alstom T&D, BASF India, Century Textiles, Cera Sanitaryware, Godrej Consumer Products, MRF, Shoppers Stop, Tube Investments and TVS Motor.

NSE Nifty: (7806) The support for the Nifty is 7763-7720-7700-7685 and the resistance to the up move is at 7830-7865-7900-7925 levels.

NSE BankNifty: (16543) The support for BankNifty is at 16475-16377-16260-16188 and the resistance to the up move is at 16640-16780-16940-17000 levels.

BSE Sensex: (25437) The support for the Sensex is at 25256-25012 and the resistance to the up move is at 25572-25660-25790-25885 levels.

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

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