Share Market Tips for – Thursday, June 30, 2016

equitypandit_square

Market Would Continue To See Positive Movement, Hold Long Positions

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened Gap Positive. EquityPandit predicted that Market has entered into positive zone and would see sharp positive movement. Market achieved EquityPandit’s target of 8200 for Nifty. Traders, who followed EquityPandit’s advice to go long might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open Gap Positive. Technically, Indian Stock Market is still in positive zone. Market would see further positive movement and some resistance would be seen at 8255-8272-8300 levels for Nifty. If Nifty managed to breach these levels on closing basis, then a big breakout would be seen. BankNifty if breaches levels of 17885-18000 then it would see a big breakout. Brexit worries have been eased and Traders should hold long positions for now. Today is F&O Expiry, so some sharp volatility is not ruled out.
FIIs were net buyers of Rs.102.91 crores whereas DIIs were net sellers of Rs.20.19 crores in cash market for last trading session. Nifty would see strong support at 8160-8100-8080 whereas strong resistance would be seen at 8240-8255-8272-8300 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8204) The support for the Nifty is 8160-8100-8080 and the resistance to the up move is at 8240-8255-8272-8300 levels.

NSE BankNifty: (17690) The support for BankNifty is at 17620-17470-17330 and the resistance to the up move is at 17760-17827-17952-18029 levels.

BSE Sensex: (26740) The support for the Sensex is at 26720-26600-26540-26300 and the resistance to the up move is at 26822-26940-27030-27195 levels.

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Share Market Tips for – Wednesday, June 29, 2016

equitypandit_square

Market Entered Positive Zone, Traders Can Go Long At Every Dip

 

Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that Market would see some positive reaction after a flat opening and exactly same happened. EquityPandit predicted that Market would enter into positive zone once Market closes above 8120 levels for Nifty and 17560 levels for BankNifty and same happened. Market recovered from day lows and managed to close above EquityPandit’s predicted levels. Nifty saw highs right on EquityPandit’s predicted resistance levels of 8145 like a dot. BankNifty also saw highs right near EquityPandit’s predicted resistance levels of 17620 like a dot. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open Gap Positive. Technically, Indian Stock Market has entered into positive zone. Now Nifty would see further positive movement. Nifty would see immediate support at 8080 levels. Now, Next target for Nifty would be seen at 8175-8200-8240 levels. EquityPandit is expecting a big breakout or breakdown in next couple of days. EquityPandit would surely capture the breakout or breakdown at best possible levels, so traders are suggested to follow the trends very closely. For now, Traders should go long at every dip in the market.
FIIs were net sellers of Rs.190.43 crores whereas DIIs were net sellers of Rs.242.71 crores in cash market for last trading session. Nifty would see strong support at 8080-8030-8000-7980 whereas strong resistance would be seen at 8145-8180-8200-8240 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8128) The support for the Nifty is 8080-8030-8000-7980 and the resistance to the up move is at 8145-8180-8200-8240 levels.

NSE BankNifty: (17562) The support for BankNifty is at 17480-17300-17195-17050 and the resistance to the up move is at 17620-17652-17827-18000 levels.

BSE Sensex: (26525) The support for the Sensex is at 26380-26215-26128 and the resistance to the up move is at 26600-26687-26822-27950 levels.

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Share Market Tips for – Tuesday, June 28, 2016

equitypandit_square

Market Would Remain In Negative Zone Until Nifty Closes Above 8120 Levels

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that Market would open gap negative but some positive reaction cannot be ruled out and exactly same happened. Indian Stock Market opened gap negative but recovered and saw highs near EquityPandit’s predicted resistance levels. BankNifty saw strong resistance near EquityPandit’s predicted resistance levels of 17570 levels but closed below those levels. Nifty also closed below EquityPandit’s predicted resistance levels of 8110 levels. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market would open negative. Technically, Indian Stock Market is still in negative zone. Market may see some positive reaction after a flat to negative opening but it would be considered negative until BankNifty closes above 17560 levels and Nifty closes above 8120 levels. If Market managed to close above 8120 levels for Nifty and 17560 levels for BankNifty then it would enter into positive zone and traders should take long positions home. Until then all positive rally is a shorting opportunity.
FIIs were net sellers of Rs.146.11 crores whereas DIIs were net sellers of Rs.147.07 crores in cash market for last trading session. Nifty would see strong support at 8030-8000-7980-7940-7900 whereas strong resistance would be seen at 8120-8145-8180-8240 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8095) The support for the Nifty is 8030-8000-7980-7940-7900 and the resistance to the up move is at 8120-8145-8180-8240 levels.

NSE BankNifty: (17515) The support for BankNifty is at 17300-17195-17050-16960 and the resistance to the up move is at 17560-17620-17652-17827 levels.

BSE Sensex: (26403) The support for the Sensex is at 26215-26128-26060-25950 and the resistance to the up move is at 26500-26687-26822 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, June 27, 2016

equitypandit_square

Market In Negative Zone But Would Remain Highly Volatile Post Brexit

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that Market would open gap negative and see a further downfall. Indian Stock Market moved sharply negative and saw a 4% intraday downfall in a single day on Brexit event. Market recovered to some extent by the end of the trading session. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open negative. Now Market has entered into negative zone . Some positive reaction cannot be ruled out but Market would be considered negative until Nifty closes above 8145 levels. Nifty to see immediate resistance at 8110-8145 levels on closing basis. Closing above 8145 levels would force Nifty to see targets of 8180-8240-8280 levels. If Market closes below levels of 8060 then we may see 8000-7940-7900 levels in days to come. Market would be full of uncertainty for the week as lot of things would happen after Brexit polls like UK PM Cameron would step down, New PM would take position, EU would provide offers to UK to stay, etc. All this would keep market volatile. So, traders are suggested to trade in small quantity. The Most affected sectors would be IT, Pharma, Auto and Steel sectors. Now, it looks like Market is ready to see a big breakout or breakdown after many days of consolidation in a range of 8000-8300 levels. EquityPandit’s Mathematical model expects that Market is ready to see around 1500-2000 points movement in BankNifty and around 400-500 for Nifty on either side which would be confirmed in next couple of days. For now, market is in negative zone and traders should go short at every positive movement near resistance levels.
FIIs were net sellers of Rs.629.14 crores whereas DIIs were net buyers of Rs.114.94 crores in cash market for last trading session. Nifty would see strong support at 8060-8000-7980-7940-7900 whereas strong resistance would be seen at 8110-8145-8180-8240 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8089) The support for the Nifty is 8060-8000-7980-7940-7900 and the resistance to the up move is at 8110-8145-8180-8240 levels.

NSE BankNifty: (17426) The support for BankNifty is at 17300-17195-17050-16960-16875 and the resistance to the up move is at 17480-17570-17652-17827 levels.

BSE Sensex: (26398) The support for the Sensex is at 26215-26128-26060-25950 and the resistance to the up move is at 26471-26687-26822 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 (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for Colgate Palmolive for the week (June 27, 2016 – July 01, 2016):

COLGATE PALMOLIVE:

 

colpal

 

Colgate Palmolive closed the week on positive note gaining around 3.50%.

As we have mentioned last week that resistance for the stock lies in the zone of 890 to 900 where 200 & 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 950 from where the stock has sold off in the month of Jan – 2016. During the week the stock manages to hit a high of 892 and close the week around the levels of 885.

Support for the stock lies in the zone of 845 to 850 where short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 800 to 810 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone of 900 to 910 where 200 & 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 950 from where the stock has sold off in the month of Jan – 2016.

Broad range for the stock is seen between 840 to 845 on lower end and 910 to 920 on upper end.

Dabur Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for DABUR for the week (June 27, 2016 – July 01, 2016):

DABUR:

 

dabur

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 295 to 300. 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. During the week the stock manages to hit a low of 298 and close the week around the levels of 311.

Resistance for the stock lies in the zone of 315 to 317 where life time high for the stock is lying. Above these levels the stock virtually has no resistance. If the stock manages to close above these levels then the stock can move to the levels of 330.

Minor support for the stock lies in the zone of 295 to 300. 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 295 to 298 on lower end and 320 to 322 on upper end.

Hindustan Unilever Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (June 27, 2016 – July 01, 2016):

HINDUSTAN UNILEVER:

 

hindunilvr

 

HIND Unilever 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 860 where short term moving averages are lying. Support for the stock lies in the zone of 840 to 850 where 100 & 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 790 to 800 where 500 Daily SMA and medium term bottom for the stock is lying. During the week the stock manages to hit a low of 847 and close the week around the levels of 859.

Support for the stock lies in the zone of 840 to 850 where medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 820 to 830 where 200 & 500 Daily SMA are lying.

Minor resistance for the stock lies in the zone of 870 to 880. Resistance for the stock lies in the zone of 900 to 910 where the stock has made a medium term top in the month of April – 2016. If the stock manages to close above these levels then the stock can move to the levels of 940 to 950 from where the stock has sold off in the month of August – 2015.

Broad range for the stock in coming week is seen between 830 to 835 on downside and 890 to 900 on upside.

 

 

ITC Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for ITC for the week (June 27, 2016 – July 01, 2016):

ITC:

 

itc

 

ITC 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 345 where short term moving averages are lying. 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. During the week the stock manages to hit a low of 350 and close the week around the levels of 354.

Minor support for the stock lies in the zone of 345 where short term moving averages are lying. 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 365 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 380.

Broad range for the stock in coming week is seen between 340 to 345 on downside and 375 to 380 on upside.

Cipla Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for Cipla for the week (June 27, 2016 – July 01, 2016):

CIPLA:

 

cipla

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 480. Support for the stock lies in the zone of 450 to 460 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. During the week the stock manages to hit a low of 460 and close the week around the levels of 476.

Support for the stock lies in the zone of 450 to 460 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 495 to 500 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 520 to 530 where 100 Daily SMA is lying.

Broad range for the stock is seen in the range of 455 – 460 on downside to 495 – 500 on upside.

Dr. Reddy Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (June 27, 2016 – July 01, 2016):

DR. REDDY:

 

drreddy

 

Dr Reddy closed the week on positive note gaining around 5.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 3080 to 3100 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 3150 to 3170 from where the stock has sold off in the month of April – 2016. During the week the stock manages to hit a high of 3179 and close the week around the levels of 3153.

Support for the stock lies in the zone of 3050 to 3100 where short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 3000 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone of 3200 to 3230 where the stock has made a top in the month of June – 2016. If the stock manages to close above these levels then the stock can move to the levels of 3290 to 3320 where 200 Daily SMA is lying.

Broad range for the stock is seen from 3030 – 3060 on downside to 3230 – 3250 on upside.

Lupin Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for Lupin for the week (June 27, 2016 – July 01, 2016):

LUPIN:

 

lupin

 

Lupin closed the week on absolutely flat note.

As we have mentioned last week that support for the stock lies in the zone of 1400 to 1420 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. During the week the stock manages to hit a low of 1435 and close the week around the levels of 1463.

Support for the stock lies in the zone of 1400 to 1420 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 1510 to 1530 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1580 to 1600 where channel support which was holding the stock since the month of May – 2015 is lying.

Broad range for the stock is seen from 1400 – 1420 on downside to 1500 – 1510 on upside.

Sun Pharma Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (June 27, 2016 – July 01, 2016):

SUN PHARMA:

 

sunpharma

 

SUN PHARMA closed the week on positive note gaining around 1.60%.

As we have mentioned last week that minor support for the stock lies in the zone of 730. Support for the stock lies in the zone of 700 from where the stock has bounced in the month of Nov – 2015. If the stock manages to close below these levels then the stock can drift to the levels of 650 to 660 from where the stock has broken out in the month of June – 2014. During the week the stock manages to hit a low of 731 and close the week around the levels of 755.

Minor support for the stock lies in the zone of 730. Support for the stock lies in the zone of 700 from where the stock has bounced in the month of Nov – 2015. If the stock manages to close below these levels then the stock can drift to the levels of 650 to 660 from where the stock has broken out in the month of June – 2014.

Resistance for the stock lies in the zone of 765 to 770 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 780 to 790 where short & medium term moving averages are lying.

Broad range for the stock in the coming week can be 720 – 725 on lower side to 775 – 780 on upper side.

Wipro Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for Wipro for the week (June 27, 2016 – July 01, 2016):

WIPRO:

 

wipro

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 558 to 560 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 565 where 500 Daily SMA is lying. During the week the stock manages to hit a high of 564.85 and close the week around the levels of 555.

Support for the stock lies in the zone of 542 to 545 where short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 520 to 525 from where the stock has bounced in the month of March – 2016.

Resistance for the stock lies in the zone of 558 to 560 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 565 where 500 Daily SMA is lying.

Broad range for the stock in the coming week is seen between 538 to 542 on downside to 565 to 568 on upside.

HCL Tech Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for HCL Tech for the week (June 27, 2016 – July 01, 2016):

HCL TECHNOLOGIES:

 

hcltech

 

HCL Tech closed the week on negative note losing around 1.60%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 765 to 770 where short term moving averages are lying. 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. During the week the stock manages to hit a high of 781 and close the week around the levels of 742.

Minor support for the stock lies in the zone of 740. Support for the stock lies in the zone of 700 to 710 where the stock has formed a bottom in the month of Dec – 2014 and May – 2015. 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 760 to 765 where short term moving averages are lying. 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 710 to 715 on downside to 765 to 770 on upside.

TCS Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for TCS for the week (June 27, 2016 – July 01, 2016):

TATA CONSULTANCY SERVICES:

 

tcs

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 2565. Support for the stock lies in the zone of 2520 to 2525 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 2460 to 2480 where 200 & 500 Daily SMA and 100 Weekly SMA is lying. During the week the stock manages to hit a low of 2514 and close the week around the levels of 2574.

Minor support for the stock lies in the zone of 2565. Support for the stock lies in the zone of 2520 to 2525 where medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2460 to 2480 where 200 Daily SMA and 100 Weekly SMA is lying.

Minor resistance for the stock lies in the zone of 2625. Resistance for the stock lies in the zone of 2660 where the stock has made a short term top on 02-06-2016. If the stock manages close above these levels then the stock can move to the levels of 2750 to 2770 where trend-line joining earlier highs is lying.

Broad range for the stock in the coming week is seen between 2500 to 2520 on downside to 2610 to 2630 on upside.

Infosys Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for Infosys for the week (June 27, 2016 – July 01, 2016):

INFOSYS:

 

infy

 

INFY closed the week on positive note gaining around 1.30%.

As we have mentioned last week that minor support for the stock lies in the zone of 1165. Support for the stock lies in the zone of 1135 to 1140 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1050 to 1060 where 500 Daily SMA is lying. During the week the stock manages to hit a low of 1160 and close the week around the levels of 1195.

Minor support for the stock lies in the zone of 1165. Support for the stock lies in the zone of 1135 to 1140 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1050 to 1060 where 500 Daily SMA is lying.

Resistance for the stock lies in the zone of 1200 to 1210 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1225 to 1235 where the stock has opened gap down on 09-06-2016.

Broad range for the stock in the coming week is seen between 1150 to 1160 on downside to 1225 to 1232 on upside.

SBI Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for SBI for the week (June 27, 2016 – July 01, 2016):

STATE BANK OF INDIA:

 

sbin

 

SBIN 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 195 to 200 where short term moving averages are lying. If the stock manages to close below these levels then the stock can move to the levels of 180 from where 100 Daily SMA is lying. During the week the stock manages to hit a low of 202 and close the week around the levels of 211.

Support for the stock lies in the zone of 195 to 200 where short term moving averages are lying. If the stock manages to close below these levels then the stock can move to the levels of 180 from where 100 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 218. Resistance for the stock lies in the zone of 225 to 230 from where the stock has sold off in the month of Dec – 2015 and 200 Weekly SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 245 to 248 where 500 Daily SMA is lying.

Broad range for the stock in the coming week can be 195 to 198 on lower side to 222 to 225 on upper side.

Axis Bank Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for Axis Bank for the week (June 27, 2016 – July 01, 2016):

AXIS BANK:

 

axisbank

 

Axis Bank closed the week on negative note losing around 3.10%.

As we have mentioned last week that support for the stock lies in the zone of 495 to 500 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 450 to 460 where 200 Daily SMA is lying. During the week the stock manages to hit a low of 493 and close the week around the levels of 510.

Support for the stock lies in the zone of 480 to 490 where medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 450 to 460 where 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 536 to 538 where the stock has formed a gap on 13/06/2016. If the stock manages to close above these levels then the stock can move to the levels of 550 where the stock has formed a short term top.

Broad range for the stock in the coming week can be 475 – 480 on lower side to 530 – 535 on upper side.

ICICI Bank Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (June 27, 2016 – July 01, 2016):

ICICI BANK:

 

icicibank

 

ICICI Bank closed the week on negative note losing around 3.10%.

As we have mentioned last week that support 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 below these levels then the stock can drift to the levels of 208 to 212 where the stock has made a bottom in the month of May – 2016. During the week the stock manages to hit a low of 221 and close the week around the levels of 231.

Support for the stock lies in the zone of 225 to 227 where medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 208 to 212 where the stock has made a bottom in the month of May – 2016.

Minor resistance for the stock lies in the zone of 235 to 237 where short term moving averages are lying. Resistance for the stock lies in the zone of 250 to 255 where 200 Weekly SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 263 to 267.

Broad range for the stock in the coming week can be 218 – 220 on lower side to 242 – 245 on upper side.

HDFC Bank Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (June 27, 2016 – July01, 2016):

HDFC BANK:

 

hdfcbank

 

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

As we have mentioned last week that the stock has broken out of multi month consolidation and virtually no resistance lies. Resistance for the stock lies in the zone of 1200. During the week the stock manages to hit a high of 1192 and close the week around the levels of 1162.

Minor support for the stock lies in the zone of 1140. 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.

Resistance for the stock lies in the zone of 1190 to 1200 where the stock has formed a double top. 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 can be 1130 on lower side to 1200 on upper side.

Nifty Energy Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (June 27, 2016 – July 01, 2016):

NIFTY ENERGY:

 

cnxenergy

 

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

As we have mentioned last week that support for the index lies in the zone of 8300 to 8350 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8100 to 8150 from where 200 Daily SMA is lying. During the week the index manages to hit a low of 8280 and close the week around the levels of 8428.

Support for the index lies in the zone of 8250 to 8300 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8100 to 8150 from where 200 Daily SMA is lying.

Minor resistance for the index lies in the zone of 8500. 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 8650 to 8700 on upside.

Nifty Auto Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (June 27, 2016 – July 01, 2016):

NIFTY AUTO:

 

cnxauto

 

Nifty AUTO index closed the week on negative note losing around 0.50%.

As we have mentioned last week that resistance for the index lies in the zone of 8830 to 8880 from where the index has retraced in the month of April – 2015 and August – 2015. If the index manages to close above these levels then the index can move to the levels of 9100 where life time highs for the index is lying. During the week the index manages to hit a high of 8880 and close the week around the levels of 8632.

Support 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 below these levels then the index can drift to the levels of 8200 to 8250 where medium term moving averages are lying.

Resistance for the index lies in the zone of 8830 to 8880 from where the index has retraced in the month of April – 2015 and August – 2015. If the index manages to close above these levels then the index can move to the levels of 9100 where life time highs for the index is lying.

Broad range for the index is seen from 8300 to 8350 on downside to 8800 to 8850 on upside.

Nifty Pharma Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (June 27, 2016 – July 01, 2016):

NIFTY PHARMA:

 

cnxpharma

 

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

As we have mentioned last week that support for the index lies in the zone of 10400 to 10500 where weekly trend-line support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 from where the index has bounced in the month of Mar – 2016. During the week the index manages to hit a low of 10499 and close the week around the levels of 10748.

Support for the index lies in the zone of 10400 to 10500 where weekly trend-line support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 from where the index has bounced in the month of Mar – 2016.

Resistance for the index lies in the zone of 11000 where channel resistance and short term moving averages for the index is lying. If the index manages to close above these levels then the index can drift to the levels of 11300 to 11400 where 100 Weekly SMA are lying.

Broad range for the index is seen from 10400 to 10450 on downside to 11000 to 11100 on upside.

Nifty FMCG Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (June 27, 2016 – July 01, 2016):  

NIFTY FMCG:

 

cnxfmcg

 

Nifty FMCG 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 20350. 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. During the week the index manages to hit a low of 20546 and close the week around the levels of 20789.

Minor resistance for the index lies in the zone of 21000 to 21100. 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.

Minor support for the index lies in the zone of 20350. 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 20200 on downside to 21500 on upside.

Nifty IT Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (June 27, 2016 – July 01, 2016):

NIFTY IT:

 

cnxit

 

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

As we have mentioned last week that support for the index lies in the zone of 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. During the week the index manages to hit a low of 11043 and close the week around the levels of 11203.

Support for the index lies in the zone of 11100 to 11200 where medium term moving averages & 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.

Minor resistance for the index lies in the zone of 11400 to 11500. 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 10700 on downside to 11500 on upside.

Nifty Bank Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (June 27, 2016 – July 01, 2016):

NIFTY BANK:

 

banknifty

 

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

As we have mentioned last week that minor support for the index lies in the zone of 17500. 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. During the week the index manages to hit a low of 16946 and close the week around the levels of 17426.

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.

Minor resistance for the index lies around the levels of 17600. Resistance for the index lies in the zone of 18100 to 18200 where the index has created gap on gap down opening in the month of Aug – 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 16700 to 16800 on downside to 17900 to 18000 on upside.

Nifty Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for Nifty for week (June 27, 2016 – July 01, 2016):

NIFTY:

 

nifty

 

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

As we have mentioned last week that resistance for the index lies in the zone of 8280 to 8340 where the index has created the gap on gap down opening in the month of Aug – 2015. If the index manages to close above these levels then the index can move to the levels of 8600 to 8650 levels. During the week the index manages to hit a high of 8285 and close the week around the levels of 8089.

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 7770 to 7800 where 200 Daily SMA is lying.

Resistance for the index lies in the zone of 8280 to 8340 where the index has created the gap on gap down opening in the month of Aug – 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 7800 on downside to 8300 on upside.

Share Market Tips for – Friday, June 24, 2016

equitypandit_square

Market To Open Gap Negative But Next Move Would Depend On Brexit Final Results

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with just 2 points negative for Nifty. EquityPandit predicted that further movement would be dependent on Brexit Event. EquityPandit also predicted that Market is still in positive zone but would see immediate resistance at 8272 levels and exactly same happened. Indian Stock Market moved negative in initial trade but recovered sharply in second half of the trading session. BankNifty also saw strong support right near EquityPandit’s predicted support levels of 17611. Finally, Market closed gap positive with Nifty closing just below EquityPandit’s predicted resistance levels of 8272 like a dot.

Today: Indian Stock Market would open gap negative as the partial counting of the polls suggest that UK is willing to leave European Union. Today’s Market Movement would fully be dependent on the BRexit News. Till 9 AM in the morning, we would have a clear idea. The Final Results would be disclosed around 11:30 AM IST. For now Market would open gap negative and a sharp downfall is intact but if the results changes i.e. UK decides to stay in EU then a sharp breakout would be seen. Traders should wait and watch the Polls results and take the action accordingly. FIIs were net buyers of Rs.81.87 crores whereas DIIs were net buyers of Rs.203.56 crores in cash market for last trading session. Nifty would see strong support at 8098-8000-7980-7900 whereas strong resistance would be seen at 8272-8294-8332-8385-8500 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8270) The support for the Nifty is 8098-8000-7980-7900 and the resistance to the up move is at 8272-8294-8332-8385-8500 levels.

NSE BankNifty: (17892) The support for BankNifty is at 17600-17470-17330-17200 and the resistance to the up move is at 18000-18052-18139-18220-18380 levels.

BSE Sensex: (27002) The support for the Sensex is at 26720-26620-26540-26300 and the resistance to the up move is at 27195-27385-27450-27600 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, June 23, 2016

equitypandit_square

Market Next movement would depend on Brexit Poll Decision By Today Evening

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that Market is still in positive zone but would consolidate in a rangebound region until Brexit event. EquityPandit also predicted that Important point to watch out for Nifty is 8240 levels which is an immediate resistance levels and exactly same happened. Market remained rangebound and saw highs right at EquityPandit’s predicted resistance levels of 8240 like a dot. Finally Market closed flat for the day right above EquityPandit’s predicted support levels of 8198.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone. For today, Market would remain in limbo and would wait for the major decision. Now further movement would depend on Brexit polls result that would be disclosed today evening. Market would see gap positive or gap negative movement based on the polls results. If the country stays in European Union then we would see gap positive opening tomorrow and if it decides to exit European Union then a sharp downfall is confirmed. Traders should take any trade with proper hedging. Traders can also go for option strategy to earn good returns. FIIs were net sellers of Rs.41.10 crores whereas DIIs were net buyers of Rs.361.34 crores in cash market for last trading session. Nifty would see strong support at 8198-8165-8098-8000 whereas strong resistance would be seen at 8252-8272-8294-8332 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8204) The support for the Nifty is 8198-8165-8098-8000 and the resistance to the up move is at 8252-8272-8294-8332 levels.

NSE BankNifty: (17626) The support for BankNifty is at 17600-17470-17330 and the resistance to the up move is at 17830-18000-18052-18139 levels.

BSE Sensex: (26766) The support for the Sensex is at 26720-26620-26540-26300 and the resistance to the up move is at 26888-26940-27030-27195 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, June 22, 2016

equitypandit_square

Market To Consolidate Until Brexit Event, Buy At Dips Until Nifty Holds 8100

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that Market is still in positive zone and traders should go long at every dip in the market near EquityPandit’s support levels. EquityPandit also predicted that Nifty would see strong support at 8200 levels and exactly same happened. Indian Stock Market opened flat and saw some correction for the day. Nifty saw lows right at EquityPandit’s support levels of 8200 like a dot. BankNifty also closed just at EquityPandit’s predicted support levels of 17620 levels. Finally, Indian Stock Market closed minor negative for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone. Analysis would still remain same. Market would consolidate in a rangebound region until Brexit event, few points down and few points up. Important Closing levels to watch out for Nifty is 8240 levels, closing below this level, market would see profit booking everytime but once Nifty closes above this level, it would be more positive biased and every downfall would be recovered with a positive rally. So for a Positive rally, Market needs to close above its immediate resistance of 8240 levels. Once Nifty breaches levels of 8300, it would see a big breakout. Brexit decision during UK Referendum on June 23, 2016 would decide further market direction. If the country decides to stay in European Union, Market would see a sharp breakout and may see levels of 8400-8500 for Nifty. Traders should go long at every dip in the market. BankNifty would enter into negative zone if it closes below 17600 levels but Nifty would see reversal only if it closes below 8100 levels which is still far. Every down move looks to be capped with support levels, so traders should buy at support levels and sell at resistance levels for now. FIIs were net buyers of Rs.484.66 crores whereas DIIs were net sellers of Rs.335.53 crores in cash market for last trading session. Nifty would see strong support at 8198-8165-8098 whereas strong resistance would be seen at 8272-8294-8332-8385 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8220) The support for the Nifty is 8198-8165-8098 and the resistance to the up move is at 8272-8294-8332-8385 levels.

NSE BankNifty: (17619) The support for BankNifty is at 17600-17470-17330 and the resistance to the up move is at 17830-18000-18052-18139 levels.

BSE Sensex: (26813) The support for the Sensex is at 26720-26540-26300 and the resistance to the up move is at 26940-27030-27195 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, June 21, 2016

equitypandit_square

Market Would Continue To See Positive Trend, Buy At Dips

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that Technically, Indian Stock Market is in positive zone but exit announcement of RBI Governor, Raghuram Rajan would force market to see sharp downfall. EquityPandit also predicted that market would recover this downfall again and exactly same happened. Indian Stock Market opened gap negative but recovered as Brexit fears eases. Nifty saw strong support at EquityPandit’s predicted support levels of 8098 and strong resistance near EquityPandit’s predicted resistance levels of 8252. Finally, Indian Stock Market recovered and closed positive for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive trend. Market would continue to see positive rally for now. Once Nifty breaches levels of 8300, it would see a big breakout. BRexit decision during UK Referendum on June 23, 2016 would decide further market direction. If the country decides to stay in European Union, Market would see a sharp breakout and may see levels of 8400-8500 for Nifty. Traders should go long at every dip in the market. FIIs were net sellers of Rs.537.46 crores whereas DIIs were net buyers of Rs.724.06 crores in cash market for last trading session. Nifty would see strong support at 8200-8165-8098 whereas strong resistance would be seen at 8272-8294-8332-8385 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8239) The support for the Nifty is 8200-8165-8098 and the resistance to the up move is at 8272-8294-8332-8385 levels.

NSE BankNifty: (17718) The support for BankNifty is at 17620-17470-17330 and the resistance to the up move is at 17830-18000-18052-18139 levels.

BSE Sensex: (26867) The support for the Sensex is at 26720-26540-26300 and the resistance to the up move is at 26940-27030-27195 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, June 20, 2016

equitypandit_square

Market Would See Sharp Downfall Today On Raghuram Rajan’s Retirement News

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that Indian Stock Market is in positive trend, so we would see positive rally for the day and exactly same happened. Market moved sharply positive and saw highs right near EquityPandit’s predicted resistance levels of 8200 for Nifty, 17830 levels for BankNifty and 26720 levels for Sensex. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open Gap Negative. Technically, Indian Stock Market is still in positive trend but RBI Governor, Raghuram Rajan’s announcement on getting retired in September 2016 would force market to see a sharp downfall. Market may see sharp downfall today but looks to recover again in days to come. This week is full of volatility as Brexit referendum on June 23, 2016 would also play important role in market movement across the globe. If Britain chooses to exit the European Union, then we may see around 10% downfall in days to come. But If Britain chooses to stay in European Union then we would see a sharp positive rally. For now, traders should book profits or go short and buy again at lower levels as Market is expected to fell down sharply today. FIIs were net buyers of Rs.31.96 crores whereas DIIs were net sellers of Rs.26.21 crores in cash market for last trading session. Nifty would see strong support at 8098-8060-8000 whereas strong resistance would be seen at 8180-8200-8252-8294 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8170) The support for the Nifty is 8098-8060-8000 and the resistance to the up move is at 8180-8200-8252-8294 levels.

NSE BankNifty: (17696) The support for BankNifty is at 17620-17470 and the resistance to the up move is at 17830-18000-18052-18139 levels.

BSE Sensex: (26626) The support for the Sensex is at 26500-26300-26260-26000 and the resistance to the up move is at 26600-26720-26822-26940-27030 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 (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for Colgate Palmolive for the week (June 20, 2016 – June 24, 2016):

COLGATE PALMOLIVE:

 

colpal

 

Colgate Palmolive closed the week on negative note losing around 1.90%.

As we have mentioned last week that minor support for the stock lies in the zone of 855 to 860. Support for the stock lies in the zone of 840 to 845 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 800 to 810 where the stock has formed a short term bottom. During the week the stock manages to hit a low of 850 and close the week around the levels of 856.

Support for the stock lies in the zone of 842 to 847 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 800 to 810 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone of 890 to 900 where 200 & 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 950 from where the stock has sold off in the month of Jan – 2016.

Broad range for the stock is seen between 840 to 845 on lower end and 890 to 900 on upper end.

Dabur Outlook for the Week (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for DABUR for the week (June 20, 2016 – June 24, 2016):

DABUR:

 

dabur

 

Dabur closed the week on positive note gaining around 4.50%.

As we have mentioned last week that minor support for the stock lies in the zone of 295 to 300. 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. During the week the stock manages to hit a low of 297 and close the week around the levels of 315.

Resistance for the stock lies in the zone of 315 to 317 where life time high for the stock is lying. Above these levels the stock virtually has no resistance. If the stock manages to close above these levels then the stock can move to the levels of 330.

Minor support for the stock lies in the zone of 295 to 300. 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 300 to 305 on lower end and 320 to 325 on upper end.

Hindustan Unilever Outlook for the Week (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (June 20, 2016 – June 24, 2016):

HINDUSTAN UNILEVER:

 

hindunilvr

 

HIND Unilever closed the week on positive note gaining around 0.80%.

As we have mentioned last week that minor support for the stock lies in the zone of 860 where short term moving averages are lying. Support for the stock lies in the zone of 840 to 850 where 100 & 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 790 to 800 where 500 Daily SMA and medium term bottom for the stock is lying. During the week the stock manages to hit a low of 859 and close the week around the levels of 881.

Minor support for the stock lies in the zone of 860 where short term moving averages are lying. Support for the stock lies in the zone of 840 to 850 where 100 & 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 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 900 to 910 where the stock has made a medium term top in the month of April – 2016. If the stock manages to close above these levels then the stock can move to the levels of 940 to 950 from where the stock has sold off in the month of August – 2015.

Broad range for the stock in coming week is seen between 850 to 860 on downside and 900 to 910 on upside.

ITC Outlook for the Week (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for ITC for the week (June 20, 2016 – June 24, 2016):

ITC:

 

itc

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 355 to 360 from where the stock 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 380. During the week the stock manages to hit a high of 361 and close the week around the levels of 360.

Minor support for the stock lies in the zone of 345 where short term moving averages are lying. 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 365 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 380.

Broad range for the stock in coming week is seen between 340 to 345 on downside and 375 to 380 on upside.

Cipla Outlook for the Week (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for Cipla for the week (June 20, 2016 – June 24, 2016):

CIPLA:

 

cipla

 

CIPLA closed the week on positive note gaining around 2.10%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 493 and close the week around the levels of 486.

Minor support for the stock lies in the zone of 480. Support for the stock lies in the zone of 450 to 460 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 495 to 500 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 520 to 530 where 100 Daily SMA is lying.

Broad range for the stock is seen in the range of 460 – 465 on downside to 510 – 515 on upside.

Dr. Reddy Outlook for the Week (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (June 20, 2016 – June 24, 2016):

DR. REDDY:

 

drreddy

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 3100 to 3120. Resistance for the stock lies in the zone of 3150 to 3170 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 3250 to 3300 where 500 Daily SMA is lying. During the week the stock manages to hit a high of 3109 and close the week around the levels of 3003.

Support for the stock lies in the zone of 2820 to 2840 where trend-line joining earlier lows is lying. If the stock manages to close below these levels then the stock can drift to the levels of 2750 where the stock has formed a medium term bottom.

Resistance for the stock lies in the zone of 3080 to 3100 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 3150 to 3170 from where the stock has sold off in the month of April – 2016.

Broad range for the stock is seen from 2820 – 2840 on downside to 3100 – 3130 on upside.

Lupin Outlook for the Week (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for Lupin for the week (June 20, 2016 – June 24, 2016):

LUPIN:

 

lupin

 

Lupin 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 1400 to 1420 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. During the week the stock manages to hit a low of 1430 and close the week around the levels of 1464.

Support for the stock lies in the zone of 1400 to 1420 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 1510 to 1530 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1580 to 1600 where channel support which was holding the stock since the month of May – 2015 is lying.

Broad range for the stock is seen from 1400 – 1420 on downside to 1500 – 1510 on upside.

Sun Pharma Outlook for the Week (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (June 20, 2016 – June 24, 2016):

SUN PHARMA:

 

sunphar

 

SUN PHARMA closed the week on positive note gaining around 0.20%.

As we have mentioned last week that resistance for the stock lies in the zone of 765 to 770 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 800 where short term moving averages are lying. During the week the stock manages to hit a high of 758 and close the week around the levels of 743.

Minor support for the stock lies in the zone of 730. Support for the stock lies in the zone of 700 from where the stock has bounced in the month of Nov – 2015. If the stock manages to close below these levels then the stock can drift to the levels of 650 to 660 from where the stock has broken out in the month of June – 2014.

Resistance for the stock lies in the zone of 765 to 770 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 800 where short term moving averages are lying.

Broad range for the stock in the coming week can be 700 – 710 on lower side to 765 – 770 on upper side.

Wipro Outlook for the Week (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for Wipro for the week (June 20, 2016 – June 24, 2016):

WIPRO:

 

wipro

 

Wipro 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 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 554 and close the week around the levels of 552.

Support for the stock lies in the zone of 542 to 545 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 520 to 525 from where the stock has bounced in the month of March – 2016.

Resistance for the stock lies in the zone of 558 to 560 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 565 where 500 Daily SMA is lying.

Broad range for the stock in the coming week is seen between 538 to 542 on downside to 563 to 567 on upside.

HCL Tech Outlook for the Week (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for HCL Tech for the week (June 20, 2016 – June 24, 2016):

HCL TECHNOLOGIES:

 

hcltech

 

HCL Tech closed the week on positive note gaining around 0.30%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 765 to 770 where short term moving averages are lying. 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. During the week the stock manages to hit a high of 765 and close the week around the levels of 754.

Minor support for the stock lies in the zone of 740. Support for the stock lies in the zone of 700 to 710 where the stock has formed a bottom in the month of Dec – 2014 and May – 2015. 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 765 to 770 where short term moving averages are lying. 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 720 to 725 on downside to 770 to 775 on upside.

TCS Outlook for the Week (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for TCS for the week (June 20, 2016 – June 24, 2016):

TATA CONSULTANCY SERVICES:

 

tcs

 

TCS closed the week on positive note gaining around 1.80%.

As we have mentioned last week that minor support for the stock lies in the zone of 2520 to 2525 where short term moving averages are lying. 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 2516 and close the week around the levels of 2603.

Minor support for the stock lies in the zone of 2565. Support for the stock lies in the zone of 2520 to 2525 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 2460 to 2480 where 200 & 500 Daily SMA and 100 Weekly SMA is lying.

Resistance for the stock lies in the zone of 2660 where the stock has made a short term top on 02-06-2016. If the stock manages close above these levels then the stock can move to the levels of 2750 to 2770 where trend-line joining earlier highs is lying.

Broad range for the stock in the coming week is seen between 2530 to 2550 on downside to 2660 to 2670 on upside.

Infosys Outlook for the Week (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for Infosys for the week (June 20, 2016 – June 24, 2016):

INFOSYS:

 

infy

 

INFY closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 1200 to 1210 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1225 to 1235 where the stock has opened gap down on 09-06-2016. During the week the stock manages to hit a high of 1193 and close the week around the levels of 1180.

Minor support for the stock lies in the zone of 1165. Support for the stock lies in the zone of 1135 to 1140 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1050 to 1060 where 500 Daily SMA is lying.

Resistance for the stock lies in the zone of 1200 to 1210 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1225 to 1235 where the stock has opened gap down on 09-06-2016.

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

ICICI Bank Outlook for the Week (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (June 20, 2016 – June 24, 2016):

ICICI BANK:

 

icicibank

 

ICICI Bank closed the week on negative note losing around 5.60%.

As we have mentioned last week that support for the stock lies in the zone of 240 o 245 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 225 to 230 where short term moving averages and 100 Daily SMA is lying. During the week the stock manage to hit a low of 235 and close the week around the levels of 238.

Support 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 below these levels then the stock can drift to the levels of 208 to 212 where the stock has made a bottom in the month of May – 2016.

Minor resistance for the stock lies in the zone of 245 to 250. Resistance for the stock lies in the zone of 250 to 255 where 200 Weekly SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 263 to 267.

Broad range for the stock in the coming week can be 225 – 228 on lower side to 252 – 255 on upper side.

SBI Outlook for the Week (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for SBI for the week (June 20, 2016 – June 24, 2016):

STATE BANK OF INDIA:

 

sbin

 

SBIN 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 210 to 215 where 500 Weekly SMA and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 225 to 230 from where the stock has sold off in the month of Dec – 2015. During the week the stock manages to hit a high of 218 and close the week around the levels of 213.

Support for the stock lies in the zone of 195 to 200 where short term moving averages are lying. If the stock manages to close below these levels then the stock can move to the levels of 180 from where 100 Daily SMA is lying.

Resistance for the stock lies in the zone of 225 to 230 from where the stock has sold off in the month of Dec – 2015 and 200 Weekly SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 245 to 248 where 500 Daily SMA is lying.

Broad range for the stock in the coming week can be 198 to 200 on lower side to 230 to 232 on upper side.

Axis Bank Outlook for the Week (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for Axis Bank for the week (June 20, 2016 – June 24, 2016):

AXIS BANK:

 

axisbank

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 520 to 525. Support for the stock lies in the zone of 480 to 485 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 450 to 460 where 200 Daily SMA is lying. During the week the stock manages to hit a low of 516 and close the week around the levels of 527.

Support for the stock lies in the zone of 495 to 500 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 450 to 460 where 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 536 to 538 where the stock has formed a gap on 13/06/2016. If the stock manages to close above these levels then the stock can move to the levels of 550 where the stock has formed a short term top.

Broad range for the stock in the coming week can be 500 – 505 on lower side to 550 – 555 on upper side.

HDFC Bank Outlook for the Week (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (June 20, 2016 – June 24, 2016):

HDFC BANK:

 

hdfcbank

 

HDFC Bank closed the week on positive note gaining around 0.70%.

As we have mentioned last week that support for the stock lies in the zone of 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. During the week the stock manages to hit a low 1144 and close the week around the levels of 1170.

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 (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (June 20, 2016 – June 24, 2016):

NIFTY ENERGY:

 

cnxenergy

 

Nifty ENERGY index closed the week on absolutely flat note.

As we have mentioned last week that 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. During the week the index manages to hit a high of 8618 and close the week around the levels of 8551.

Support for the index lies in the zone of 8300 to 8350 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8100 to 8150 from where 200 Daily SMA is lying.

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 8650 to 8700 on upside.

Nifty Auto Outlook for the Week (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (June 20, 2016 – June 24, 2016):

NIFTY AUTO:

 

cnxauto

 

Nifty AUTO index closed the week on negative note losing around 0.20%.

As we have mentioned last week that support 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 below these levels then the index can drift to the levels of 8200 to 8250 where short term moving averages are lying. During the week the index manages to hit a low of 8537 and close the week around the levels of 8675.

Support 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 below these levels then the index can drift to the levels of 8200 to 8250 where short term moving averages are lying.

Resistance for the index lies in the zone of 8830 to 8880 from where the index has retraced in the month of April – 2015 and August – 2015. If the index manages to close above these levels then the index can move to the levels of 9100 where life time highs for the index is lying.

Broad range for the index is seen from 8500 to 8550 on downside to 8800 to 8850 on upside.

Nifty Pharma Outlook for the Week (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (June 20, 2016 – June 24, 2016):

NIFTY PHARMA:

 

cnxpharma

 

Nifty PHARMA index closed the week on absolutely flat note.

As we have mentioned last week that support for the index lies in the zone of 10400 to 10500 where weekly trend-line support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 from where the index has bounced in the month of Mar – 2016. During the week the index manages to hit a low of 10603 and close the week around the levels of 10653.

Support for the index lies in the zone of 10400 to 10500 where weekly trend-line support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 from where the index has bounced in the month of Mar – 2016.

Resistance for the index lies in the zone of 11000 where channel resistance for the index is lying. If the index manages to close above these levels then the index can drift to the levels of 11300 to 11400 where 100 Daily SMA and 100 Weekly SMA are lying.

Broad range for the index is seen from 10300 to 10350 on downside to 10900 to 11000 on upside.

Nifty FMCG Outlook for the Week (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (June 20, 2016 – June 24, 2016):  

NIFTY FMCG:

 

cnxfmcg

 

Nifty FMCG index closed the week on positive note gaining around 1.60%.

As we have mentioned last week that minor support for the index lies in the zone of 20350. 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. During the week the index manages to hit a low of 20490 and close the week around the levels of 21045.

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.

Minor support for the index lies in the zone of 20350. 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 20200 on downside to 21500 on upside.

Nifty IT Outlook for the Week (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (June 20, 2016 – June 24, 2016):

NIFTY IT:

 

cnxit

 

Nifty IT index ended the week on positive note gaining around 0.50%.

As we have mentioned last week that 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. During the week the index manages to hit a low of 11110 and close the week around the levels of 11291.

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.

Minor resistance for the index lies in the zone of 11500. 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 10800 on downside to 11600 on upside.

Nifty Bank Outlook for the Week (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (June 20, 2016 – June 24, 2016):

NIFTY BANK:

 

banknifty

 

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

As we have mentioned last week that minor support for the index lies in the zone of 17500. 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. During the week the index manages to hit a low of 17528 and close the week around the levels of 17696.

Minor support for the index lies in the zone of 17500. 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 18100 to 18200 where the index has created gap on gap down opening in the month of Aug – 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 17100 to 17200 on downside to 18200 to 18300 on upside.

Nifty Outlook for the Week (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for Nifty for week (June 20, 2016 – June 24, 2016):

NIFTY:

 

nifty

 

Nifty ended the week on negative note losing around 0.20%.

As we have mentioned last week that 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. During the week the index manages to hit a low of 8076 and close the week around the levels of 8174.

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 8280 to 8340 where the index has created the gap on gap down opening in the month of Aug – 2015. If the index manages to close above these levels then the index can move to the levels of 8600 to 8650 levels.

Due to Brexit Referendum on 24th June we could see wide swings in all the Global Markets including India.

Broad range for the week is seen from 8000 on downside to 8400 on upside.

Share Market Tips for – Friday, June 17, 2016

equitypandit_square

Market To See Positive Rally Today, Hold Long Positions

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that a sharp correction would be seen after the US FED Remarks but the trade is to go long at every sharp dip in the market and exactly same happened. Market opened negative and went down sharply near EquityPandit’s predicted 8060 levels but rebounded from there and covered most of the downfall. Sensex also saw lows right near EquityPandit’s predicted support levels of 26300. Traders, who followed EquityPandit’s advice to go long at sharp dip in the market might have earned huge profits for the day. Finally, Market recovered but closed negative for the day.

Today: Indian Stock Market would open Gap Positive. Technically, Indian Stock Market is still in positive trend and the trade is to go long at every dip in the market. Now 8060 would act as important levels to watch out for Nifty. EquityPandit predicted yesterday that market would see correction but traders should go long at every dip. Now, Today market would see sharp positive rally and traders who followed EquityPandit’s advice to go long would get huge profits. Nifty once closes above 8300 levels then we would see a sharp breakout in the market. BankNifty would also see support at 17500 levels and if it closes above 18000 levels then we would see a sharp breakout in BankNifty. Overall, Market is positive for now and the trade is to go long at every dip in the market. FIIs were net sellers of Rs.156.75 crores whereas DIIs were net sellers of Rs.163 crores in cash market for last trading session. Nifty would see strong support at 8098-8060-8000 whereas strong resistance would be seen at 8180-8200-8252-8294 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8141) The support for the Nifty is 8098-8060-8000 and the resistance to the up move is at 8180-8200-8252-8294 levels.

NSE BankNifty: (17671) The support for BankNifty is at 17620-17470 and the resistance to the up move is at 17830-18000-18052-18139 levels.

BSE Sensex: (26525) The support for the Sensex is at 26500-26300-26260-26000 and the resistance to the up move is at 26600-26720-26822-26940-27030 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, June 16, 2016

equitypandit_square

Market To Open Gap Negative, Go Long At Every Dip

 

Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that Indian Stock Market would consolidate at this point of time and may see some re-bounce but traders should go short at every positive rally. Market rebounced and entered into luckily entered into positive zone. Nifty closed right near EquityPandit’s predicted levels of 8205 in positive territory. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open Negative. Technically, Indian Stock Market has entered into positive zone after a short correction which was predicted by EquityPandit couple of days back. Today, some more correction can be seen after the US FED Remarks but trade for now is to go long at dips. Now, 8300 is an important level for Nifty to look out for. It looks that the required correction has been done and Market is ready to complete a bullish Inverse Head and Shoulder Pattern that may take Nifty to around 8350-8500 levels. Once Nifty breaches levels of 8300, it would see a sharp breakout. Traders should now go long at every dip in the market. Every correction would be an opportunity to go long in Nifty and BankNifty. BankNifty would see immediate resistance at 18000 levels on closing basis, breaching which, it would see a sharp breakout. FIIs were net sellers of Rs.108.23 crores whereas DIIs were net buyers of Rs.234.10 crores in cash market for last trading session. Nifty would see strong support at 8200-8165-8098-8060 whereas strong resistance would be seen at 8252-8294-8336-8385 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8207) The support for the Nifty is 8200-8165-8098-8060 and the resistance to the up move is at 8252-8294-8336-8385 levels.

NSE BankNifty: (17918) The support for BankNifty is at 17800-17760-17620-17470 and the resistance to the up move is at 18000-18052-18139-18313 levels.

BSE Sensex: (26726) The support for the Sensex is at 26720-26600-26540-26300 and the resistance to the up move is at 26822-26940-27030-27195 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, June 15, 2016

equitypandit_square

Market To Consolidate around 8000-8100 levels, Short At Every Positive Rally

 

Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that traders should short at every positive rally in the market for good profits and exactly same happened. Market opened positive and went down sharply as predicted by EquityPandit. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Nifty made lows and saw strong support right near EquityPandit’s predicted support levels of 8060. Finally, Nifty closed flat with negative bias.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in negative zone and analysis would remain same. Now, Market has strong support zone of 8000-7990 levels. Traders should consider 8000-7990 levels as important levels because closing below these levels, it would start acting as strong resistance and Nifty would permanently remain below these levels for long duration. It looks that market would consolidate near these levels and there are higher chances of re-bounce from 8000 levels before breaching those levels. For now, traders should consider shorting at every positive rally in the market. FIIs were net sellers of Rs.113.36 crores whereas DIIs were net sellers of Rs.32.27 crores in cash market for last trading session. Nifty would see strong support at 8060-8005-7991-7959 whereas strong resistance would be seen at 8128-8180-8205-8250 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

NSE Nifty: (8109) The support for the Nifty is 8060-8005-7991-7959 and the resistance to the up move is at 8128-8180-8205-8250 levels.

NSE BankNifty: (17672) The support for BankNifty is at 17500-17394-17300-17195 and the resistance to the up move is at 17760-17800-18000 levels.

BSE Sensex: (26396) The support for the Sensex is at 26215-26128-26060-25950 and the resistance to the up move is at 26471-26687-26822 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, June 14, 2016

equitypandit_square

Market in Negative Zone, Sell At Every Positive Rally For Now

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit also predicted that Indian Stock Market would see sharp correction and would achieve EquityPandit’s targets of 8120-8075 levels and exactly same happened. Indian Stock Market opened gap negative for the day. Nifty moved sharply negative and achieved EquityPandit’s targets of 8120 and 8075. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Nifty recovered from day lows and closed above 8100 levels. Sensex also closed just above EquityPandit’s predicted support levels of 26380. Finally, Indian Stock Market closed gap negative for the day as predicted by EquityPandit.

Today: Indian Stock Market would open negative. Technically, Indian Stock Market has entered into negative zone. Now, Market has strong support zone of 8000-7990 levels. Traders should consider 8000-7990 levels as important levels because closing below these levels, it would act as strong resistance and Nifty would permanently remain below these levels for long duration. There are higher chances to rebound from 8000 levels before breaching those levels. For now, traders should consider shorting at every positive rally in the market. FIIs were net buyers of Rs.212.24 crores whereas DIIs were net sellers of Rs.597.83 crores in cash market for last trading session. Nifty would see strong support at 8060-8005-7991-7959 whereas strong resistance would be seen at 8128-8180-8205-8250 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

NSE Nifty: (8111) The support for the Nifty is 8060-8005-7991-7959 and the resistance to the up move is at 8128-8180-8205-8250 levels.

NSE BankNifty: (17594) The support for BankNifty is at 17394-17300-17195-17100 and the resistance to the up move is at 17667-17760-17800-18000 levels.

BSE Sensex: (26397) The support for the Sensex is at 26215-26128-26060-25950 and the resistance to the up move is at 26471-26687-26822 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, June 13, 2016

equitypandit_square

Market To See Sharp Correction, Sell At Rally and book profits near supports

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat. EquityPandit predicted that Market would see further correction and exactly same happened. EquityPandit also predicted that Market is in correction mode as of now. Nifty moved positive and fell down sharply to see lows right at EquityPandit’s predicted support levels of 8165 like a dot. BankNifty was also not able to sustain above 18000 levels and fell down sharply but saw strong support right near EquityPandit’s predicted support levels of 17800. Finally, Market closed negative for the day.

Today: Indian Stock Market would open gap negative. Technically, Indian Stock Market is still in positive zone but today chances are that it may enter into negative zone for short term. Further sharp correction is expected as of now that may take Nifty to 8120-8075 levels. Traders can sell at higher levels and book profits partially near EquityPandit’s predicted support levels. Nifty, if breaches 8160 levels, would slide down to 8120-8075 levels. Market would consolidate between 8000-8300 levels for some days before further positive movement. FIIs were net buyers of Rs.201.32 crores whereas DIIs were net sellers of Rs.165.62 crores in cash market for last trading session. Nifty would see strong support at 8120-8098-8075-8000 whereas strong resistance would be seen at 8205-8252-8294-8336 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8170) The support for the Nifty is 8120-8098-8075-8000 and the resistance to the up move is at 8205-8252-8294-8336 levels.

NSE BankNifty: (17829) The support for BankNifty is at 17760-17620-17470-17300 and the resistance to the up move is at 18000-18029-18139-18313 levels.

BSE Sensex: (26636) The support for the Sensex is at 26540-26380-26300-26110 and the resistance to the up move is at 26795-26837-26940-27030 levels.

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Colgate Palmolive Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for Colgate Palmolive for the week (June 13, 2016 – June 17, 2016):

COLGATE PALMOLIVE:

 

colpal

 

Colgate Palmolive closed the week on positive note gaining around 0.60%.

As we have mentioned last week that resistance for the stock lies in the zone of 890 to 900 where 200 & 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 950 from where the stock has sold off in the month of Jan – 2016. During the week the stock manages to hit a high of 881 and close the week around the levels of 872.

Minor support for the stock lies in the zone of 855 to 860. Support for the stock lies in the zone of 840 to 845 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 800 to 810 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone of 890 to 900 where 200 & 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 950 from where the stock has sold off in the month of Jan – 2016.

Broad range for the stock is seen between 840 to 845 on lower end and 890 to 900 on upper end.

Dabur Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for DABUR for the week (June 13, 2016 – June 17, 2016):

DABUR:

 

dabur

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 312 to 315 where life time high for the stock is lying. Above these levels the stock virtually has no resistance. If the stock manages to close above these levels then the stock can move to the levels of 330. During the week the stock manages to hit a high of 312 and close the week around the levels of 302.

Resistance for the stock lies in the zone of 312 to 315 where life time high for the stock is lying. Above these levels the stock virtually has no resistance. If the stock manages to close above these levels then the stock can move to the levels of 330.

Minor support for the stock lies in the zone of 295 to 300. 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 285 to 290 on lower end and 312 to 315 on upper end.

Hindustan Unilever Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (June 13, 2016 – June 17, 2016):

HINDUSTAN UNILEVER:

 

hindunilvr

 

HIND Unilever closed the week on negative note losing around 1.20%.

As we have mentioned last week that resistance for the stock lies in the zone of 900 to 910 where the stock has made a medium term top in the month of April – 2016. If the stock manages to close above these levels then the stock can move to the levels of 940 to 950 from where the stock has sold off in the month of August – 2015. During the week the stock manages to hit a high of 908 and close the week around the levels of 875.

Minor support for the stock lies in the zone of 860 where short term moving averages are lying. Support for the stock lies in the zone of 840 to 850 where 100 & 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 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 900 to 910 where the stock has made a medium term top in the month of April – 2016. If the stock manages to close above these levels then the stock can move to the levels of 940 to 950 from where the stock has sold off in the month of August – 2015.

Broad range for the stock in coming week is seen between 850 to 860 on downside and 900 to 910 on upside.

ITC Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for ITC for the week (June 13, 2016 – June 17, 2016):

ITC:

 

itc

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 350. 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. During the week the stock manages to hit a low of 350 and close the week around the levels of 351.

Minor support for the stock lies in the zone of 350. 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 365 to 370 on upside.

Cipla Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for Cipla for the week (June 13, 2016 – June 17, 2016):

CIPLA:

 

cipla

 

CIPLA closed the week on positive note gaining around 2.40%.

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 487 and close the week around the levels of 477.

Support for the stock lies in the zone of 450 to 460 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 485 – 490 on upside.

Dr. Reddy Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (June 13, 2016 – June 17, 2016):

DR. REDDY:

 

drreddy

 

Dr Reddy closed the week on negative note losing around 3.00%.

As we have mentioned last week that the stock has closed around the resistance zone of 3150 to 3170 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 3250 to 3300 where 500 Daily SMA is lying. During the week the stock manages to hit a high of 3183 and close the week around the levels of 3066.

Support for the stock lies in the zone of 3020 to 3050 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 2750 to 2800 where the stock has formed a medium term bottom.

Minor resistance for the stock lies in the zone of 3100 to 3120. Resistance for the stock lies in the zone of 3150 to 3170 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 3250 to 3300 where 500 Daily SMA is lying.

Broad range for the stock is seen from 2950 – 2980 on downside to 3150 – 3180 on upside.

Lupin Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for Lupin for the week (June 13, 2016 – June 17, 2016):

LUPIN:

 

lupin

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a low of 1395 and close the week around the levels of 1437.

Support for the stock lies in the zone of 1400 to 1420 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 1500 to 1530 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1580 to 1600 where channel support which was holding the stock since the month of May – 2015 is lying.

Broad range for the stock is seen from 1370 – 1400 on downside to 1480 – 1510 on upside.

Sun Pharma Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (June 13, 2016 – June 17, 2016):

SUN PHARMA:

 

sun

 

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

As we have mentioned last week that support for the stock lies in the zone of 700 from where the stock has bounced in the month of Nov – 2015. If the stock manages to close below these levels then the stock can drift to the levels of 650 to 660 from where the stock has broken out in the month of June – 2014. During the week the stock manages to hit a low of 710 and close the week around the levels of 741.

Support for the stock lies in the zone of 700 from where the stock has bounced in the month of Nov – 2015. If the stock manages to close below these levels then the stock can drift to the levels of 650 to 660 from where the stock has broken out in the month of June – 2014.

Resistance for the stock lies in the zone of 765 to 770 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 800 where short term moving averages are lying.

Broad range for the stock in the coming week can be 700 – 710 on lower side to 765 – 770 on upper side.

Wipro Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for Wipro for the week (June 13, 2016 – June 17, 2016):

WIPRO:

 

wipro

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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 547 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 552 to 557 on upside.

HCL Tech Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for HCL Tech for the week (June 13, 2016 – June 17, 2016):

HCL TECHNOLOGIES:

 

hcltech

 

HCL Tech 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 700 to 710 where the stock has formed a bottom in the month of Dec – 2014 and May – 2015. 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 715 and close the week around the levels of 751.

Support for the stock lies in the zone of 700 to 710 where the stock has formed a bottom in the month of Dec – 2014 and May – 2015. 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 765 to 770 where short term moving averages are lying. 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 720 to 725 on downside to 770 to 775 on upside.

TCS Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for TCS for the week (June 13, 2016 – June 17, 2016):

TATA CONSULTANCY SERVICES:

 

tcs

 

TCS closed the week on negative note losing around 2.80%.

As we have mentioned last week that minor support for the stock lies in the zone of 2550 to 2575. 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 2553 and close the week around the levels of 2556.

Minor support for the stock lies in the zone of 2520 to 2525 where short term moving averages are lying. 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.

Minor resistance for the stock lies in the zone of 2600. Resistance for the stock lies in the zone of 2660 where the stock has made a short term top on 02-06-2016. If the stock manages close above these levels then the stock can move to the levels of 2750 to 2770 where trend-line joining earlier highs is lying.

Broad range for the stock in the coming week is seen between 2480 to 2510 on downside to 2620 to 2630 on upside.

Infosys Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for Infosys for the week (June 13, 2016 – June 17, 2016):

INFOSYS:

 

infy

 

INFY closed the week on negative note losing around 6.80%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 1170 and close the week around the levels of 1181.

Support for the stock lies in the zone of 1135 to 1140 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1050 to 1060 where 500 Daily SMA is lying.

Resistance for the stock lies in the zone of 1200 to 1210 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1225 to 1235 where the stock has opened gap down on 09-06-2016.

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

SBI Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for SBI for the week (June 13, 2016 – June 17, 2016):

STATE BANK OF INDIA:

 

sbin

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 205 to 215 where 500 Weekly SMA and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 225 to 230 from where the stock has sold off in the month of Dec – 2015. During the week the stock manages to hit a high of 213 and close the week around the levels of 206.

Support for the stock lies in the zone of 188 to 191 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 210 to 215 where 500 Weekly SMA and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 225 to 230 from where the stock has sold off in the month of Dec – 2015.

Broad range for the stock in the coming week can be 188 to 191 on lower side to 212 to 215 on upper side.

Axis Bank Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for Axis Bank for the week (June 13, 2016 – June 17, 2016):

AXIS BANK:

 

axisbank

 

Axis Bank closed the week on negative note losing around 0.30%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 550. Resistance for the stock lies in the zone of 580 to 590 from where the stock has sold off in the month of July – August 2015. During the week the stock manages to hit a high of 549 and close the week around the levels of 541.

Minor support for the stock lies in the zone of 520 to 525. Support for the stock lies in the zone of 480 to 485 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 450 to 460 where 200 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 550. Resistance for the stock lies in the zone of 580 to 590 from where the stock has sold off in the month of July – August 2015.

Broad range for the stock in the coming week can be 515 – 520 on lower side to 560 – 565 on upper side.

ICICI Bank Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (June 13, 2016 – June 17, 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 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. During the week the stock manages to hit a high of 261 and close the week around the levels of 253.

Support for the stock lies in the zone of 240 o 245 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 225 to 230 where short term moving averages and 100 Daily SMA is lying.

Resistance for the stock lies in the zone of 250 to 255 where 200 Weekly SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 263 to 267.

Broad range for the stock in the coming week can be 235 – 240 on lower side to 265 – 270 on upper side.

HDFC Bank Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (June 13, 2016 – June 17, 2016):

HDFC BANK:

 

hdfcbank

 

HDFC Bank closed the week on negative note losing around 0.90%.

As we have mentioned last week that minor support for the stock lies in the zone of 1165 to 1170. 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. During the week the stock manages to hit a low of 1152 and close the week around the levels of 1161.

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 1180 on upper side.

Nifty Energy Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (June 13, 2016 – June 17, 2016):

NIFTY ENERGY:

 

cnxenergy

 

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

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 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. During the week the index manages to hit a high of 8630 and close the week around the levels of 8547.

Support for the index lies in the zone of 8300 to 8350 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8100 to 8150 from where 200 Daily SMA is lying.

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 8650 to 8700 on upside.

Nifty Auto Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (June 13, 2016 – June 17, 2016):

NIFTY AUTO:

 

cnxauto

 

Nifty AUTO index closed the week on negative note losing around 0.70%.

As we have mentioned last week that resistance for the index lies in the zone of 8830 to 8880 from where the index has retraced in the month of April – 2015 and August – 2015. If the index manages to close above these levels then the index can move to the levels of 9100 where life time highs for the index is lying. During the week the index manages to hit a high of 8862 and close the week around the levels of 8688.

Support 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 below these levels then the index can drift to the levels of 8200 to 8250 where short term moving averages are lying.

Resistance for the index lies in the zone of 8830 to 8880 from where the index has retraced in the month of April – 2015 and August – 2015. If the index manages to close above these levels then the index can move to the levels of 9100 where life time highs for the index is lying.

Broad range for the index is seen from 8500 to 8550 on downside to 8800 to 8850 on upside.

Nifty Pharma Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (June 13, 2016 – June 17, 2016):

NIFTY PHARMA:

 

cnxpharma

 

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

As we have mentioned last week that support for the index lies in the zone of 10400 to 10500 where weekly trend-line support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 from where the index has bounced in the month of Mar – 2016. During the week the index manages to hit a low of 10581 and close the week around the levels of 10658.

Support for the index lies in the zone of 10400 to 10500 where weekly trend-line support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 from where the index has bounced in the month of Mar – 2016.

Resistance for the index lies in the zone of 11000 where channel resistance for the index is lying. If the index manages to close above these levels then the index can drift to the levels of 11300 to 11400 where 100 Daily SMA and 100 Weekly SMA are lying.

Broad range for the index is seen from 10250 to 10300 on downside to 10900 to 11000 on upside.

Nifty FMCG Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (June 13, 2016 – June 17, 2016):  

NIFTY FMCG:

 

cnxfmcg

 

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

As we have mentioned last week that 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. During the week the index manages to hit a high of 21311 and close the week around the levels of 20704.

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.

Minor support for the index lies in the zone of 20350. 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 20000 on downside to 21300 on upside.

Nifty IT Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (June 13, 2016 – June 17, 2016):

NIFTY IT:

 

cnxit

 

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

As we have mentioned last week that support for the index lies in the zone of 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. During the week the index manages to hit a low of 11211 and close the week around the levels of 11229.

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.

Minor resistance for the index lies in the zone of 11500. 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 10800 on downside to 11500 on upside.

Nifty Bank Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (June 13, 2016 – June 17, 2016):

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on positive note gaining around 0.80%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 18052 and close the week around the levels of 17829.

Minor support for the index lies in the zone of 17500. 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 18100 to 18200 where the index has created gap on gap down opening in the month of Aug – 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 17300 to 17400 on downside to 18200 to 18300 on upside.

Nifty Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for Nifty for week (June 13, 2016 – June 17, 2016):

NIFTY:

 

nifty

 

Nifty ended the week on negative note losing around 0.60%.

As we have mentioned last week that resistance for the index lies in the zone of 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. During the week the index manages to hit a high of 8295 and close the week around the levels of 8170.

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 8280 to 8340 where the index has created the gap on gap down opening in the month of Aug – 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 8400 on upside.

Share Market Tips for – Friday, June 10, 2016

equitypandit_square

Market In Correction Mode, Would Resume Uptrend After a Sufficient Correction

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive. EquityPandit predicted that Market would see some consolidation before further positive movement. EquityPandit also predicted that some correction can’t be ruled out at this point of time and exactly same happened. Indian Stock Market moved positive but was not able to sustain and fell down sharply as per EquityPandit predictions. Finally, Indian Stock Market closed negative for the day. Nifty closed right above EquityPandit’s predicted support levels of 8200 like a dot.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone. Some correction would be seen. 8180 would act as immediate support for Nifty, breaching which Nifty would fell down sharply but it would be temporary in nature. 8000 would be very hard to breach. Market is expected to see some correction before further positive movement. Once that correction is done in next few days, market would stabilize and resume its positive movement. FIIs were net buyers of Rs.234.20 crores whereas DIIs were net sellers of Rs.317.74 crores in cash market for last trading session. Nifty would see strong support at 8200-8180-8165-8098 whereas strong resistance would be seen at 8252-8294-8336-8385 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8204) The support for the Nifty is 8200-8180-8165-8098 and the resistance to the up move is at 8252-8294-8336-8385 levels.

NSE BankNifty: (17888) The support for BankNifty is at 17800-17760-17620-17470 and the resistance to the up move is at 18000-18029-18139-18313 levels.

BSE Sensex: (26763) The support for the Sensex is at 26720-26660-26540-26300 and the resistance to the up move is at 26940-27030-27195 levels.

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Share Market Tips for – Thursday, June 09, 2016

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Market to Consolidate Before Further Positive Movement.

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that Market would open Positive and traders should book profits at higher levels and buy again at dips near EquityPandit’s predicted support levels and exactly same happened. Nifty saw strong resistance near EquityPandit’s predicted resistance level of 8294. BankNifty also saw highs right near EquityPandit’s predicted resistance levels of 18000 like a dot. Sensex also saw resistance near EquityPandit’s predicted resistance levels of 27120. Market fell down from day highs and saw lows right near EquityPandit’s predicted support levels of 8249 for Nifty. Traders who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market is still in positive zone. Analysis would remain same. Some consolidation would be seen at these levels before further positive movement. Some correction can’t be ruled out but overall market would remain positive in short term. FIIs were net buyers of Rs.529.16 crores whereas DIIs were net sellers of Rs.257.76 crores in cash market for last trading session. Nifty would see strong support at 8249-8200-8165-8098 whereas strong resistance would be seen at 8294-8336-8385 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8273) The support for the Nifty is 8249-8200-8165-8098 and the resistance to the up move is at 8294-8336-8385-8448 levels.

NSE BankNifty: (17947) The support for BankNifty is at 17827-17760-17620-17470 and the resistance to the up move is at 18000-18029-18139-18313 levels.

BSE Sensex: (27021) The support for the Sensex is at 26950-26825-26720-26540 and the resistance to the up move is at 27082-27120-27200-27305 levels.

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Share Market Tips for – Wednesday, June 08, 2016

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Trade For Now Is To Book Profits At Higher Levels and Buy At Dips

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that RBI would not change rates and Policy would remain non-event for the market. EquityPandit also predicted that Market is positive and traders should go long at every dip as market would recover and exactly same happened. RBI kept rate unchanged as predicted by EquityPandit. Market moved up sharply in second half of trading session. Nifty saw highs right at EquityPandit’s predicted resistance levels of 8294 like a dot. BankNifty also closed right below EquityPandit’s predicted resistance levels of 17952. 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. Now, Market looks over stretched and some correction can’t be ruled out. Traders can hold long positions for now and book partial profits at higher levels and buy again at EquityPandit’s predicted support levels. Some correction is required to stablize the trend and market would do so in days to come but overall short-term trend is positive. FIIs were net buyers of Rs.499.73 crores whereas DIIs were net buyers of Rs.46.33 crores in cash market for last trading session. Nifty would see strong support at 8249-8200-8165-8098 whereas strong resistance would be seen at 8294-8336-8385 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8266) The support for the Nifty is 8249-8200-8165-8098 and the resistance to the up move is at 8294-8336-8385-8448 levels.

NSE BankNifty: (17948) The support for BankNifty is at 17827-17760-17620-17470 and the resistance to the up move is at 18000-18029-18139-18313 levels.

BSE Sensex: (27010) The support for the Sensex is at 26950-26825-26720-26540 and the resistance to the up move is at 27082-27120-27200-27305 levels.

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Share Market Tips for – Tuesday, June 07, 2016

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RBI Policy To Be Non-Event, Some Correction Would be seen, Buy At Dips.

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. EquityPandit predicted that Market would open higher and some correction would be seen. EquityPandit also predicted that traders can book profits at higher levels and then would get a good chance to enter again at lower levels to gain high profits and exactly same happened. Market opened positive and then saw some correction. BankNifty saw strong resistance right near EquityPandit’s predicted resistance levels of 17760 like a dot and fell down sharply from there to see lows right near EquityPandit’s predicted support levels of 17620. Sensex also saw strong support right at EquityPandit’s predicted support levels of 26720 like a dot. Traders, who followed EquityPandit’s advice might have earned good profits for the day. Finally, Market closed flat with negative bias for the day. Nifty closed right above EquityPandit’s predicted support levels of 8200 like a dot.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market is still in positive zone. Now today, RBI Policy would be disclosed. EquityPandit expects no change in rates and hence Policy would remain non-event for the market. Some correction would be seen but it would be temporary, so traders can go long after a correction in the market. Market would recover post a sufficient correction. Traders can go long near every support level defined by EquityPandit. FIIs were net buyers of Rs.28.30 crores whereas DIIs were net sellers of Rs.230.63 crores in cash market for last trading session. Nifty would see strong support at 8200-8165-8098-8000 whereas strong resistance would be seen at 8272-8294-8332-8385 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8201) The support for the Nifty is 8200-8165-8098-8000 and the resistance to the up move is at 8272-8294-8332-8385 levels.

NSE BankNifty: (17671) The support for BankNifty is at 17620-17470-17330 and the resistance to the up move is at 17760-17827-17952-18029 levels.

BSE Sensex: (26777) The support for the Sensex is at 26720-26540-26300 and the resistance to the up move is at 26940-27030-27195 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, June 06, 2016

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Overall Market Positive, Buy On Dips and Book Partial Profits On Rally.

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that Traders should lighten up their long position and buy again at dips and exactly same happened. Market opened gap positive and corrected. Traders who followed EquityPandit’s advice to book profits at higher levels might have again got the good chance to enter at lower levels. Nifty was not able to close above EquityPandit’s predicted resistance levels of 8250 and fell down. Sensex also saw strong resistance right near EquityPandit’s predicted resistance levels of 27000. Finally, Indian Stock Market closed flat for the day with some strength in BankNifty.

Today: Indian Stock Market would open flat with positive bias. Technically, Indian Stock Market is still in positive zone. Finally, EquityPandit’s targets of 8250 got achieved for Nifty. Now Nifty would see some resistance in these levels and may see some temporary correction. Now Nifty needs to close above 8250 to see levels of 8294-8336 in upcoming sessions, where some strong resistance would be faced. BankNifty would also face strong resistance in the range of 17950-18029. Overall Market is positive and traders should book partial profits at higher levels and buy again at dips to gain higher profits as market would move positive in cycles. FIIs were net buyers of Rs.1585 crores whereas DIIs were net sellers of Rs.393.21 crores in cash market for last trading session. Nifty would see strong support at 8200-8165-8098 whereas strong resistance would be seen at 8272-8294-8332-8385 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8221) The support for the Nifty is 8200-8165-8098 and the resistance to the up move is at 8272-8294-8332-8385 levels.

NSE BankNifty: (17681) The support for BankNifty is at 17620-17470-17330 and the resistance to the up move is at 17760-17827-17952-18029 levels.

BSE Sensex: (26843) The support for the Sensex is at 26720-26540-26300 and the resistance to the up move is at 26940-27030-27195 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 (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for DABUR for the week (June 06, 2016 – June 10, 2016):

DABUR:

 

DABUR

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 307 and close the week around the levels of 306.

Resistance for the stock lies in the zone of 312 to 315 where life time high for the stock is lying. Above these levels the stock virtually has no resistance. If the stock manages to close above these levels then the stock can move to the levels of 330.

Minor support for the stock lies in the zone of 295 to 300. 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 285 to 290 on lower end and 312 to 315 on upper end.

Colgate Palmolive Outlook for the Week (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for Colgate Palmolive for the week (June 06, 2016 – June 10, 2016):

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on positive note gaining around 3.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 874 and close the week around the levels of 867.

Support for the stock lies in the zone of 840 to 845 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 800 to 810 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone of 890 to 900 where 200 & 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 950 from where the stock has sold off in the month of Jan – 2016.

Broad range for the stock is seen between 840 to 845 on lower end and 890 to 900 on upper end.

Hindustan Unilever Outlook for the Week (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (June 06, 2016 – June 10, 2016):

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on positive note gaining around 2.80%.

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 888 and close the week around the levels of 885.

Minor support for the stock lies in the zone of 860 where short term moving averages are lying. Support for the stock lies in the zone of 840 to 850 where 100 & 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 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 900 to 910 where the stock has made a medium term top in the month of April – 2016. If the stock manages to close above these levels then the stock can move to the levels of 940 to 950 from where the stock has sold off in the month of August – 2015.

Broad range for the stock in coming week is seen between 850 to 860 on downside and 920 to 930 on upside.

ITC Outlook for the Week (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for ITC for the week (June 06, 2016 – June 10, 2016):

ITC:

 

ITC

 

ITC closed the week on negative note losing around 1.50%.

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 362 and close the week around the levels of 354.

Minor support for the stock lies in the zone of 350. 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 365 to 370 on upside.

Cipla Outlook for the Week (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for Cipla for the week (June 06, 2016 – June 10, 2016):

CIPLA:

 

CIPLA

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 479 and close the week around the levels of 465.

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 485 – 490 on upside.

Dr. Reddy Outlook for the Week (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (June 06, 2016 – June 10, 2016):

DR. REDDY:

 

DRREDDY

 

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

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 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. During the week the stock manages to hit a high of 3220 and close the week around the levels of 3160.

Support for the stock lies in the zone of 3020 to 3050 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 2750 to 2800 where the stock has formed a medium term bottom.

The stock has closed around the resistance zone of 3150 to 3170 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 3250 to 3300 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 (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for Lupin for the week (June 06, 2016 – June 10, 2016):

LUPIN:

 

LUPIN

 

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

As we have mentioned last week that support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 1446 and close the week around the levels of 1450.

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 1500 to 1530 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1580 to 1600 where channel support which was holding the stock since the month of May – 2015 is lying.

Broad range for the stock is seen from 1400 – 1420 on downside to 1530 – 1550 on upside.

Sun Pharma Outlook for the Week (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (June 06, 2016 – June 10, 2016):

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on negative note losing around 10.60%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 842 and close the week around the levels of 737.

Support for the stock lies in the zone of 700 from where the stock has bounced in the month of Nov – 2015. If the stock manages to close below these levels then the stock can drift to the levels of 650 to 660 from where the stock has broken out in the month of June – 2014.

Resistance for the stock lies in the zone of 765 to 770 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 800 where short term moving averages are lying.

Broad range for the stock in the coming week can be 700 – 710 on lower side to 765 – 770 on upper side.

Wipro Outlook for the Week (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for Wipro for the week (June 06, 2016 – June 10, 2016):

WIPRO:

 

WIPRO

 

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

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 559 and close the week around the levels of 541.

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 (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for HCL Tech for the week (June 06, 2016 – June 10, 2016):

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on negative note losing around 4.70%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 715 and close the week around the levels of 722.

Support for the stock lies in the zone of 700 to 710 where the stock has formed a bottom in the month of Dec – 2014 and May – 2015. 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 700 to 705 on downside to 750 to 755 on upside.

TCS Outlook for the Week (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for TCS for the week (June 06, 2016 – June 10, 2016):

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS 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 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. During the week the stock manages to hit a high of 2658 and close the week around the levels of 2630.

Minor support for the stock lies in the zone of 2550 to 2575. 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.

Minor resistance for the stock lies in the zone of 2650. If the stock manages close above these levels then the stock can move to the levels of 2750 to 2770 where trend-line joining earlier highs is lying.

Broad range for the stock in the coming week is seen between 2500 to 2530 on downside to 2700 to 2720 on upside.

Infosys Outlook for the Week (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for Infosys for the week (June 06, 2016 – June 10, 2016):

INFOSYS:

 

INFY

 

INFY closed the week on positive note gaining around 1.60%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 1279 and close the week around the levels of 1267.

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 1270 to 1275 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. If the stock manages to close above these levels then the stock can move to the levels of 1300.

Broad range for the stock in the coming week is seen between 1220 to 1230 on downside to 1280 to 1300 on upside.

SBI Outlook for the Week (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for SBI for the week (June 06, 2016 – June 10, 2016):

STATE BANK OF INDIA:

 

SBIN

 

SBIN closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 200 to 205 where 500 Weekly SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 215 where 200 Daily SMA is lying. During the week the stock manages to hit a high of 208 and close the week around the levels of 197.

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 205 to 215 where 500 Weekly SMA and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 225 to 230 from where the stock has sold off in the month of Dec – 2015.

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 (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for Axis Bank for the week (June 06, 2016 – June 10, 2016):

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 5.90%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 545 and close the week around the levels of 543.

Minor support for the stock lies in the zone of 500 to 505. Support for the stock lies in the zone of 480 to 485 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 450 to 460 where 200 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 550. Resistance for the stock lies in the zone of 580 to 590 from where the stock has sold off in the month of July – August 2015.

Broad range for the stock in the coming week can be 500 – 510 on lower side to 560 – 565 on upper side.

ICICI Bank Outlook for the Week (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (June 06, 2016 – June 10, 2016):

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 250 to 255 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. During the week the stock manages to hit a high of 249 and close the week around the levels of 244.

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 (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (June 06, 2016 – June 10, 2016):

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on negative note losing around 1.30%.

As we have mentioned last week that the stock has broken out of multi month consolidation and virtually no resistance lies. Resistance for the stock lies in the zone of 1200. During the week the stock manages to hit a high of 1195 and close the week around the levels of 1172.

Minor support for the stock lies in the zone of 1165 to 1170. 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 (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (June 06, 2016 – June 10, 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 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. During the week the index manages to hit a low of 8318 and close the week around the levels of 8447.

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.

Minor resistance for the index lies in the zone of 8500. 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 8650 to 8700 on upside.

Nifty Auto Outlook for the Week (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (June 06, 2016 – June 10, 2016):

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 4.20%.

As we have mentioned last week that resistance for the index lies in the zone of 8500 to 8550 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 8800. During the week the index manages to hit a high of 8814 and close the week around the levels of 8749.

Support 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 below these levels then the index can drift to the levels of 8200 to 8250 where short term moving averages are lying.

Resistance for the index lies in the zone of 8830 to 8880 from where the index has retraced in the month of April – 2015 and August – 2015. If the index manages to close above these levels then the index can move to the levels of 9100 where life time highs for the index is lying.

Broad range for the index is seen from 8500 to 8550 on downside to 8950 to 9000 on upside.

Nifty Pharma Outlook for the Week (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (June 06, 2016 – June 10, 2016):

NIFTY PHARMA:

 

NIFTYPHARMA

 

Nifty PHARMA index closed the week on negative note losing around 3.60%.

As we have mentioned last week that resistance for the index lies in the zone of 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 11318 and close the week around the levels of 10808.

Support for the index lies in the zone of 10400 to 10500 where weekly trend-line support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 from where the index has bounced in the month of Mar – 2016.

Resistance for the index lies in the zone of 11000 where channel resistance for the index is lying. If the index manages to close above these levels then the index can drift to the levels of 11300 to 11400 where 100 Daily SMA and 100 Weekly SMA are lying.

Broad range for the index is seen from 10250 to 10300 on downside to 11000 to 11100 on upside.

Nifty FMCG Outlook for the Week (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (June 06, 2016 – June 10, 2016):  

NIFTY FMCG:

 

NIFTYFMCG

 

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 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. During the week the index manages to hit a high of 21036 and close the week around the levels of 20912.

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 (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (June 06, 2016 – June 10, 2016):

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week that 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. During the week the index manages to hit a high of 11586 and close the week around the levels of 11462.

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 (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (June 06, 2016 – June 10, 2016):

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank 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 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. During the week the index manages to hit a high of 17762 and close the week around the levels of 17681.

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 17000 to 17100 on downside to 18100 to 18200 on upside.

Nifty Outlook for the Week (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for Nifty for week (June 06, 2016 – June 10, 2016):

NIFTY:

 

NIFTY

 

Nifty ended the week on positive note gaining around 0.80%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 8262 and close the week around the levels of 8221.

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 8400 on upside.

Share Market Tips for Friday June 03, 2016

Lighten Your Long Positions and Buy at Dips

Last Trading Session: Nifty opened flat with negative bias and made low at 8154, exactly at our first support of 8150. IN second half of trading session, after Europe opening, market bounce back and closed at 2016 closing high@8218.

Today: Indian Stock Market would open gap up positive around strong resistance zone of 8250 spot level. If nifty would closed above 8250 spot level then nifty would see another 100-200 points on upside in a days to come. At this point we would recommend lightening your long positions in large cap stocks as valuations are looking quite expensive. And if nifty closes above 8250 then it would be better to long via nifty calls rather to take big position in nifty future.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8218) The support for the Nifty is 8150-8100 and the resistance to the up move is at 8350-8250 levels.

NSE BankNifty: (17567) The support for BankNifty is at 17300-17195-17100-17000 and the resistance to the up move is at 18000-17652-17827 levels.

BSE Sensex: (26843) The support for the Sensex is at 26500-26300 and the resistance to the up move is at 27200-27000 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 June 02, 2016

Lighten Your Long Positions and Buy at Dips

Last Trading Session: Nifty consolidated around 8200 zone despite weak global cues. Due to rumours of RBI governor, bank nifty saw profit booking which got nullify by ITC and IT index.

Today: Indian Stock Market would open flat to minor negative. Technically, Indian Stock Market is still in positive zone. Today also market looks to consolidate with 8150-8100 as buying zone and 8200-8250 as resistance zone. In  days to come, there are lot of big global events that would keep market on edges and volatile. So better to lighten up your position and fresh position can be enter only when nifty comes out of the range of 8100-8250 spot levels.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8179) The support for the Nifty is 8150-8100 and the resistance to the up move is at 8200-8250 levels.

NSE BankNifty: (17423) The support for BankNifty is at 17300-17195-17100-17000 and the resistance to the up move is at 17480-17570-17652-17827 levels.

BSE Sensex: (26713) The support for the Sensex is at 26500-26300 and the resistance to the up move is at 26857-27000 levels.

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

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