Colgate Palmolive Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for Colgate Palmolive for the week (August 01, 2016 – August 05, 2016):

COLGATE PALMOLIVE:

 

colpal

 

Colgate Palmolive closed the week on negative note losing around 2.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 970 to 980 from where the stock has sold off in the month of Jan – 2016. If the stock manages to close above these levels then the stock can move to the levels of 1000. During the week the stock manages to hit a high of 972 and close the week around the levels of 933.

Support 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 below these levels then the stock can drift to the levels of 870 to 880 where medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 945 to 950. Resistance for the stock lies in the zone of 970 to 980 from where the stock has sold off in the month of Jan – 2016. If the stock manages to close above these levels then the stock can move to the levels of 1000.

Broad range for the stock is seen between 890 to 900 on lower end and 960 to 970 on upper end.

Dabur Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for DABUR for the week (August 01, 2016 – August 05, 2016):

DABUR:

 

dabur

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 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 296 and close the week around the levels of 304.

Minor support for the stock lies in the zone of 295 to 300. Support for the stock is lying in the zone of 285 to 288 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 268 to 270 where 200 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 310. Resistance for the stock lies in the zone of 317 to 320 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.

Broad range for the stock is seen between 292 to 295 on lower end and 320 to 322 on upper end.

Hindustan Unilever Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (August 01, 2016 – August 05, 2016):

HINDUSTAN UNILEVER:

 

hinduni

 

HIND Unilever closed the week on positive note gaining around 2.10%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 925 to 930. Resistance for the stock lies in the zone of 940 to 950 from where the stock has sold off in the month of August – 2015. If the stock manages to close above these levels then the stock can move to the levels of 980 where life time high for the stock is lying. During the week the stock manages to hit a high of 925 and close the week around the levels of 922.

Support for the stock lies in the zone of 880 to 890 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 865 to 870 where medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 925 to 930. Resistance for the stock lies in the zone of 940 to 950 from where the stock has sold off in the month of August – 2015. If the stock manages to close above these levels then the stock can move to the levels of 980 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 890 to 900 on downside and 940 to 950 on upside.

ITC Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for ITC for the week (August 01, 2016 – August 05, 2016):

ITC:

 

itc

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 255 to 260. Resistance for the stock lies in the zone of 280 where life time high for the stock is lying. During the week the stock manages to hit a high of 256 and close the week around the levels of 252.

Support for the stock lies in the zone of 237 to 240 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 225 to 230 where long term moving averages are lying.

Minor resistance for the stock lies in the zone of 255 to 260. Resistance for the stock lies in the zone of 280 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 237 to 240 on downside and 260 to 263 on upside.

Cipla Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for Cipla for the week (August 01, 2016 – August 05, 2016):

CIPLA:

 

cipla

 

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

As we have mentioned last week that support for the stock lies in the zone of 492 to 495 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 480. During the week the stock manages to hit a low of 513 and close the week around the levels of 527.

Support for the stock lies in the zone of 520 to 530 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 495 to 500.

Resistance for the stock lies in the zone of 535. If the stock manages to close above these levels then the stock can move to the levels of 550 from where the stock has corrected in the month of March – 2016 and May – 2016.

Broad range for the stock is seen in the range of 510 – 515 on downside to 545 – 550 on upside.

Lupin Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for Lupin for the week (August 01, 2016 – August 05, 2016):

LUPIN:

 

lupin

 

Lupin closed the week on positive note gaining around 2.30%.

As we have mentioned last week that minor support for the stock lies in the zone of 1650. Support for the stock lies in the zone of 1580 to 1590 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 1510 to 1530 where short term moving averages are lying. During the week the stock manages to hit a low of 1669 and close the week around the levels of 1740.

Support for the stock lies in the zone of 1680 to 1700 where long term moving averages are lying. Support for the stock lies in the zone of 1600 to 1620 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 1510 to 1530 where short term moving averages are lying.

Resistance for the stock lies in the zone of 1800 where the stock has opened gap down on 15/03/2016. If the stock manages to close above these levels then the stock can move to the levels of 1850 to 1870.

Broad range for the stock is seen from 1680 – 1700 on downside to 1780 – 1800 on upside.

Dr. Reddy Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (August 01, 2016 – August 05, 2016):

DR. REDDY:

 

drr

 

Dr Reddy closed the week on negative note losing around 18.50%.

As we have mentioned last week that resistance for the stock lies in the zone of 3650 to 3700 where the stock has opened gap down on 09/11/2015. If the stock manages to close above these levels then the stock can move to the levels of 3800. During the week the stock manages to hit a high of 3579 and close the week around the levels of 2935.

Support for the stock lies in the zone of 2750 to 2800 where the stock has formed a bottom in the month of Jan – 2016, Feb – 2016 and May – 2016. If the stock manages to close below these levels then the stock can further witness a freefall as no support is visible.

Resistance for the stock lies in the zone of 3050 to 3070 where the stock has opened gap down on 27/07/2016. If the stock manages to close above these levels then the stock can move to the levels of 3150 to 3200 where medium term moving averages are lying.

Broad range for the stock is seen from 2750 – 2800 on downside to 3050 – 3070 on upside.

Sun Pharma Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (August 01, 2016 – August 05, 2016):

SUN PHARMA:

 

sunpharma

 

SUN PHARMA closed the week on positive note gaining around 5.50%.

As we have mentioned last week that minor support for the stock lies in the zone of 775. Support for the stock lies in the zone of 760 to 765 where the stock has broken out of the short term top. If the stock manages to close below these levels then the stock can drift to the levels of 730 where the stock has formed a short term bottom. During the week the stock manages to hit a low of 787 and close the week around the levels of 830.

Support for the stock lies in the zone of 795 to 805 where medium term and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 760 where the stock has made a short term bottom.

Resistance for the stock lies in the zone of 850 to 855 where medium term weekly moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 900 from where the stock has sold off in the month of Feb – 2016.

Broad range for the stock in the coming week can be 790 – 800 on lower side to 850 – 855 on upper side.

Wipro Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for Wipro for the week (August 01, 2016 – August 05, 2016):

WIPRO:

 

wipro

 

Wipro closed the week on positive note gaining around 1.40%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 545. Resistance zone for the stock lies in the zone of 550 to 555 where short term and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 565 to 567. During the week the stock manages to hit a high of 557 and close the week around the levels of 545.

Support for the stock lies in the zone of 530 to 535. Support for the stock lies in the zone of 528 to 531 from where the stock has bounced multiple times in last 6 months. 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 in the month of February – 2016.

Minor resistance for the stock lies in the zone of 545. Resistance zone for the stock lies in the zone of 550 to 555 where short term and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 565 to 567.

Broad range for the stock in the coming week is seen between 525 to 530 on downside to 555 to 560 on upside.

HCL Tech Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for HCL Tech for the week (August 01, 2016 – August 05, 2016):

HCL TECHNOLOGIES:

 

hcltech

 

HCL Tech 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 740 to 745 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 780 to 790 where the stock has formed a medium term bottom in the month of Feb – 2016. During the week the stock manages to hit a high of 759 and close the week around the levels of 753.

Support for the stock lies in the zone of 735 to 740 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 700 to 710 where the stock has formed a bottom in the month of Dec – 2014 and May – 2015.

Resistance for the stock lies in the zone of 765 to 770 where medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 780 to 790 where the stock has formed a medium term bottom in the month of Feb – 2016.

Broad range for the stock in the coming week is seen between 733 to 738 on downside to 770 to 780 on upside.

TCS Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for TCS for the week (August 01, 2016 – August 05, 2016):

TATA CONSULTANCY SERVICES:

 

tcs

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 2530. Resistance for the stock lies in the zone of 2570 to 2600 where the stock had a gap down opening on 24/06/2016. If the stock manages to close above these levels then the stock can move to the levels of 2650 to 2670 where the stock has made a short term top. During the week the stock manages to hit a high of 2635 and close the week around the levels of 2619.

Minor support for the stock lies in the zone of 2550 to 2570. Support for the stock lies in the zone of 2500 to 2520 where short term and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2430 to 2450 where 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 2650 to 2670 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 2750 to 2770 from where the stock has sold off in the month of August – 2015 and October – 2015.

Broad range for the stock in the coming week is seen between 2550 to 2570 on downside to 2700 to 2720 on upside.

Infosys Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for Infosys for the week (August 01, 2016 – August 05, 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 1100 to 1110. If the stock manages to close above these levels then the stock can move to the levels of 1140 to 1150 where 200 Daily SMA is lying. During the week the stock manages to hit a high of 1096 and close the week around the levels of 1074.

Support for the stock lies in the zone of 1050 to 1060 where 500 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1000 to 1010 where the stock has made a bottom in the month of Nov – 2015.

Resistance for the stock lies in the zone of 1100 to 1110. If the stock manages to close above these levels then the stock can move to the levels of 1140 to 1150 where 200 Daily SMA is lying.

Broad range for the stock in the coming week is seen between 1050 to 1055 on downside to 1100 to 1110 on upside.

SBI Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for SBI for the week (August 01, 2016 – August 05, 2016):

STATE BANK OF INDIA:

 

sbin

 

SBIN 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 230 to 235 from where the stock has sold off in the month of Dec – 2015. 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. During the week the stock manages to hit a high of 235 and close the week around the levels of 229.

Minor support for the stock lies in the zone of 220 to 222. Support for the stock lies in the zone of 215 to 217 where the stock has formed a short term bottom and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 208 to 210 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 230 to 235 from where the stock has sold off in the month of Dec – 2015. 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 217 to 219 on lower side to 235 to 238 on upper side.

Axis Bank Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for Axis Bank for the week (August 01, 2016 – August 05, 2016):

AXIS BANK:

 

axisbank

 

Axis Bank closed the week on positive note gaining around 1.60%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 550 to 555. Resistance for the stock lies in the zone of 580 to 590 from where the stock has sold off in the month of August – 2015. If the stock manages to close above these levels then the stock can move to the levels of 615 to 620. During the week the stock manages to hit a high of 559 and close the week around the levels of 546.

Support for the stock lies in the zone of 525 to 530 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 500 to 505 where medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 550 to 555. Resistance for the stock lies in the zone of 580 to 590 from where the stock has sold off in the month of August – 2015. If the stock manages to close above these levels then the stock can move to the levels of 615 to 620.

Broad range for the stock in the coming week can be 520 – 525 on lower side to 565 – 570 on upper side.

Share Market Tips for – Friday, July 29, 2016

equitypandit_square

Market To See Some Sharp Correction But Traders Should Buy At Dips For Now

 

Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that Indian Stock Market is still in positive zone but would see huge volatility in a rangebound region due to F&O Expiry. EquityPandit also predicted that traders should go long at dips until Nifty holds 8550 levels and exactly same happened. Indian Stock Market moved sharply positive. Nifty and Sensex closed right near EquityPandit’s predicted resistance levels of 8665 and 28218 respectively. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open Negative. Indian Stock Market is still in positive trend. Technically, Indian Stock Market is forming bearish pattern, so a small negative news can force market to slide down very sharply. Now GST Bill would be the next trigger for the Indian Stock Market. Until GST Bill news comes out Market would consolidate. Traders can go long at every dip in the market until GST Bill final decision is disclosed. Few Corporate Giants Like ICICI Bank, L&T and Vedanta Ltd would disclose its quarterly results today and these would decide the further market direction for the day.
FIIs were net buyers of Rs.1767.06 crores whereas DIIs were net sellers of Rs.1074.47 crores in cash market for last trading session. Nifty would see strong support at 8600-8550-8530-8496 whereas strong resistance would be seen at 8707-8741-8775-8800 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Q1 Results To Be Disclosed Today: Alembic Pharma, Cholamandalam, Dr. Lal Pathlabs, Godrej Consumer Products, ICICI Bank, IIFL Holdings, KEC International, Kansai Nerolac Paints, Karnataka Bank, L&T, Mahindra Holidays, Nestle India, Pidilite Industries, PVR, Religare, Sun Pharma Advanced Research, UPL and Vedanta.

NSE Nifty: (8666) The support for the Nifty is 8600-8550-8530-8496 and the resistance to the up move is at 8707-8741-8775-8800 levels.

NSE BankNifty: (19077) The support for BankNifty is at 18995-18880-18610-18533 and the resistance to the up move is at 19160-19300-19410-19500 levels.

BSE Sensex: (28209) The support for the Sensex is at 28060-27915-27736and the resistance to the up move is at 28294-28340-28530 levels.

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

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

Share Market Tips for – Thursday, July 28, 2016

equitypandit_square

Expect Huge Volatility Today on F&O Expiry, Buy At Dips Until Nifty Holds 8550 by Closing

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that Market is still in Positive trend and traders should go long until Nifty holds 8478 levels. EquityPandit also predicted that Nifty would see strong resistance at 8665 levels and exactly same happened. Indian Stock Market moved sharply positive and saw highs right at EquityPandit’s predicted resistance levels of 8665 like a dot. Sensex also saw highs right near EquityPandit’s predicted resistance levels of 28218. Finally, Market rebounded from those levels and closed below EquityPandit’s suggested closing resistance of 8636 levels.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone. Today is F&O Expiry and huge volatility would be seen. Market would see some sharp correction but it would be temporary and once Nifty closes above 8636, we can see a sharp positive rally in days to come. GST news would decide further market movement but traders should buy at dips near EquityPandit’s predicted support levels and book profits at EquityPandit’s predicted resistance levels.
FIIs were net buyers of Rs.404.69 crores whereas DIIs were net sellers of Rs.152.47 crores in cash market for last trading session. Nifty would see strong support at 8550-8530-8496-8470 whereas strong resistance would be seen at 8636-8665-8707-8741 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Q1 Results To Be Disclosed Today: Blue Dart, CEAT, Dish TV, Eicher Motors, Escorts, Glaxosmithkline Pharma, GSFC, Hexaware, HCC, Muthoot Finance, Novartis, PNB, Redington India, Sintex Industries, Supreme Industries, Syndicate Bank and Welspun corp.

NSE Nifty: (8616) The support for the Nifty is 8550-8530-8496-8470 and the resistance to the up move is at 8636-8665-8707-8741 levels.

NSE BankNifty: (19022) The support for BankNifty is at 18880-18610-18533-18400 and the resistance to the up move is at 19160-19300-19410 levels.

BSE Sensex: (28024) The support for the Sensex is at 27915-27736-27635-27540 and the resistance to the up move is at 28060-28150-28218-28294 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

ICICI Bank Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (August 01, 2016 – August 05, 2016):

ICICI BANK:

 

icicibank

 

ICICI Bank closed the week on negative note losing around 0.20%.

As we have mentioned last week that Minor support for the stock lies in the zone of 258 to 261 from where the stock has broken out of short term top. Support for the stock lies in the zone of 245 to 250 where short term moving averages and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 225 to 230 where the stock has made a bottom in the month of June – 2016. During the week the stock manages to hit a low of 260 and close the week around the levels of 263.

Minor support for the stock lies in the zone of 258 to 261 from where the stock has broken out of short term top. Support for the stock lies in the zone of 245 to 250 where short term moving averages and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 225 to 230 where the stock has made a bottom in the month of June – 2016.

Resistance for the stock lies in the zone of 267 to 270 from where the stock has sold off in the month of Dec – 2015. If the stock manages to close above these levels then the stock can move to the levels of 277 to 280.

Broad range for the stock in the coming week can be 247 – 250 on lower side to 275 – 277 on upper side.

HDFC Bank Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (August 01, 2016 – August 05, 2016):

HDFC BANK:

 

hdfcbank

 

HDFC Bank closed the week on positive note gaining around 1.30%.

As we have mentioned last week that the stock is hitting life time highs so virtually no resistance for the stock is lying. Resistance for the stock lies in the zone of 1250. During the week the stock manages to hit a high of 1251 and close the week around the levels of 1246.

Minor support for the stock lies in the zone of 1230. Support for the stock lies in the zone of 1190 to 1200 from where the stock has broken out of the medium term top and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1040 to 1050 where medium term moving averages are lying.

The stock is hitting life time highs so virtually no resistance for the stock is lying. Resistance for the stock lies in the zone of 1280.

Broad range for the stock in the coming week can be 1220 on lower side to 1280 on upper side.

Nifty Energy Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (August 01, 2016 – August 05, 2016):

NIFTY ENERGY:

 

cnxenergy

 

Nifty ENERGY index closed the week on positive note gaining around 1.10%.

As we have mentioned last week that resistance for the index lies in the zone of 9300. If the index manages to close above these levels then the index can move to the levels of 9450 to 9500. During the week the index manages to hit a high of 9390 and close the week around the levels of 9312.

Minor support for the index lies in the zone of 9150 to 9200. Support for the index lies in the zone of 8880 to 8910 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8680 to 8720 from where the index has broken out of the medium term top and short term moving averages are lying.

Resistance for the index lies in the zone of 9350 to 9400. If the index manages to close above these levels then the index can move to the levels of 9500 to 9550.

Broad range for the index is seen between 9100 to 9150 on downside to 9500 to 9550 on upside.

Nifty Auto Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (August 01, 2016 – August 05, 2016):

NIFTY AUTO:

 

cnxauto

 

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

As we have mentioned last week that the index has close at the life time highs. So virtually no resistance is visible. Resistance for the index lies in the zone of 9400 to 9450. During the week the index manages to hit a high of 9512 and close the week around the levels of 9471.

Minor support for the index lies in the zone 9200. Support for the index lies in the zone of 8880 to 8950 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8650 to 8700 where short term moving averages are lying.

The index has close at the life time highs. So virtually no resistance is visible. Resistance for the index lies in the zone of 9550 to 9600.

Broad range for the index is seen from 9100 to 9150 on downside to 9600 to 9650 on upside.

Nifty Pharma Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (August 01, 2016 – August 05, 2016):

NIFTY PHARMA:

 

cnxpharma

 

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

As we have mentioned last week that support for the index lies in the zone of 11450 to 11500 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 11100 to 11200 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 10500 from where the index has formed a short term bottom in the month of June – 2016. During the week the index manages to hit a low of 11453 and close the week around the levels of 11697.

Support for the index lies in the zone of 11450 to 11500 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 11100 to 11200 where medium term moving averages are lying.

Minor resistance for the index lies in the zone of 11770 to 11800. Resistance for the index lies in the zone of 12000 to 12100 from where the index has retraced in the month of Dec – 2015. If the index manages to close above these levels then the index can move to the levels of 12500 to 12600.

Broad range for the index is seen from 11300 to 11400 on downside to 11900 to 12000 on upside.

Nifty FMCG Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (August 01, 2016 – August 05, 2016):  

NIFTY FMCG:

 

cnxfmcg

 

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

As we have mentioned last week that minor support for the index lies in the zone of 21700 to 21800. Support for the index lies in the zone of 21300 to 21400 from where the index has broken out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 21000 where short term moving averages are lying. During the week the index manages to hit a low of 21833 and close the week around the levels of 22229.

Minor support for the index lies in the zone of 21700 to 21800. Support for the index lies in the zone of 21300 to 21400 from where the index has broken out of the short term top and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 21000 where medium term moving averages are lying.

Minor resistance for the index lies in the zone of 22200 to 22300. Resistance for the index lies in the zone of 22600 to 22700 where life time highs for the index is lying. If the index manages to close above these levels then the index can move to the levels of 23000 to 23200.

Broad range for the index in the coming week is seen from 21600 on downside to 22600 on upside.

Nifty IT Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (August 01, 2016 – August 05, 2016):

NIFTY IT:

 

cnxit

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 10900 to 11000. Resistance for the index lies in the zone of 11200 to 11300 where short term moving averages and 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 11400 to 11500 where the index has created a gap on gap down opening on 24/06/2016. During the week the index manages to hit a high of 10953 and close the week around the levels of 10913.

Minor support for the index lies in the zone of 10800. Support for the index lies in the zone of 10650 to 10700 from where the index has bounced in the month of March – 2016. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10500 where the index has made a medium term bottom in the month of Feb – 2016.

Minor resistance for the index lies in the zone of 10900 to 11000. Resistance for the index lies in the zone of 11200 to 11300 where short term moving averages and 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 11400 to 11500 where the index has created a gap on gap down opening on 24/06/2016.

Broad range for the index in the coming week is seen from 10600 on downside to 11200 on upside.

Nifty Bank Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (August 01, 2016 – August 05, 2016):

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on positive note gaining around 1.40%.

As we have mentioned last week that minor resistance for the index lies in the zone of 18850. Resistance for the index lies in the zone of 19100 to 19200 from where the index has sold off in the month of July – 2015. If the index manages to close above these levels then the index can move to the levels of 20000. During the week the index manages to hit a high of 19127 and close the week around the levels of 18953.

Minor support for the index lies in the zone of 18450 to 18500. Support for the index lies in the zone of 18100 to 18200 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 17600 to 17700 where short term moving averages are lying.

Resistance for the index lies in the zone of 19100 to 19200 from where the index has sold off in the month of July – 2015. If the index manages to close above these levels then the index can move to the levels of 20000.

Range for the week is seen from 18400 to 18500 on downside to 19300 to 19400 on upside.

Nifty Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for Nifty for week (August 01, 2016 – August 05, 2016):

NIFTY:

 

nifty

 

Nifty ended the week on positive note gaining around 1.10%.

As we have mentioned last week that resistance for the index lies in the zone of 8600 to 8650 levels from where the index has sold off in the month of July – 2015. If the index manages to close above these levels then the index can move to the levels of 8800 to 8850. During the week the index manages to a high of 8675 and close the week around the levels of 8638.

Minor support for the index lies in the zone of 8580 to 8600. Support for the index lies in the zone of 8350 to 8400 where the index has created the gap up opening on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8100 to 8150 where medium term moving averages are lying.

Resistance for the index lies in the zone of 8600 to 8650 levels from where the index has sold off in the month of July – 2015. If the index manages to close above these levels then the index can move to the levels of 8800 to 8850.

Broad range for the week is seen from 8450 on downside to 8850 on upside.

Share Market Tips for – Wednesday, July 27, 2016

equitypandit_square

Market In Trading Range, Hold Long Positions Until Nifty Holds 8478

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that market would see some correction after a sharp positive movement, a day before and exactly same happened. Market consolidated for the whole day but saw a sharp correction as predicted by EquityPandit. Nifty saw lows right at EquityPandit’s predicted support levels of 8575 like a dot. Finally, Market closed negative for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone. But Market was unable to retain 8600 levels by closing yesterday and again entered into rangebound region. Now Market would again see sideways movement until it breaches 8636 levels. Closing above 8636 levels for Nifty would force market to see a sharp breakout from this trading range. Now, GST is the only event that can trigger market to see a sharp positive rally. We have seen FIIs booking profits in Index futures a day before yesterday and yesterday, they saw profit booking in Index options and Stock futures. This activity shows that market is capped on the positive side and can slide down anytime with a small negative news in the market. Few Indian Corporate Giants like HDFC, Bajaj Auto, Bharti Airtel, JSW Steel and Yes Bank would disclose its results today and it would direct the Market movement for the day. Overall, Market is positive as of now but Traders should hold long positions with strict stoploss of 8478 on closing basis.
FIIs were net buyers of Rs.670.89 crores whereas DIIs were net sellers of Rs.418.29 crores in cash market for last trading session. Nifty would see strong support at 8550-8530-8496-8470 whereas strong resistance would be seen at 8636-8665-8707-8741 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Q1 Results To Be Disclosed Today: Asian Paints, Bajaj Auto, Bajaj Holdings, Bharti Airtel, Castrol India, Dabur India, GIC Housing Finance Ltd, HDFC, JSW Steel, Shipping Corporation of India, Shriram Transport Finance, Torrent Pharma and Yes Bank.

NSE Nifty: (8591) The support for the Nifty is 8550-8530-8496-8470 and the resistance to the up move is at 8636-8665-8707-8741 levels.

NSE BankNifty: (18861) The support for BankNifty is at 18610-18533-18400-18219 and the resistance to the up move is at 19030-19160-19300-19410 levels.

BSE Sensex: (27977) The support for the Sensex is at 27915-27736-27635-27540 and the resistance to the up move is at 28060-28150-28218-28294 levels.

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

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

Share Market Tips for – Tuesday, July 26, 2016

equitypandit_square

Some Correction Can Be Seen But Go Long At Every Dip In The Market

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with negative bias. EquityPandit predicted that traders should go long if Nifty breaches levels of 8600. EquityPandit also predicted that Nifty would see next resistance at 8635 and exactly same happened. Market moved positive and breached EquityPandit’s levels of 8600. Breaching 8600 levels for Nifty forced complete market to see a sharp breakout. BankNifty moved sharply positive but saw highs right at EquityPandit’s predicted resistance levels of 19030 like a dot. Nifty also saw 52 weeks high but closed right at EquityPandit’s predicted resistance levels of 8635 like a dot. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open flat. Technically, Now Indian Stock Market is still in Positive trend and BankNifty has again entered into positive zone. Some temporary correction would be seen today after a sharp positive movement yesterday but overall market is positive and traders should go long at every dip in the market. Next target for BankNifty is 19160-19300 levels. Nifty may see immediate resistance at 8665 levels but now there is no major resistance going forward. Any positive news may take Indian Stock Market to new highs.
FIIs were net buyers of Rs.891.01 crores whereas DIIs were net sellers of Rs.67.89 crores in cash market for last trading session. Nifty would see strong support at 8575-8530-8496-8470 whereas strong resistance would be seen at 8665-8707-8741-8775 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Q1 Results To Be Disclosed Today: ACC, Ajanta Pharma, Ambuja Cements, Bajaj Finance, Bajaj Finserv, Bharti Infratel, Coromandel International, Dr. Reddy Laboratories, IDFC Bank, IDFC, Mahindra CIE, Maruti Suzuki, NIIT, Symphony, Tata Elxsi, TVS Motor, United Spirits, Welspun India and Zee Entertainment.

NSE Nifty: (8636) The support for the Nifty is 8575-8530-8496-8470 and the resistance to the up move is at 8665-8707-8741-8775 levels.

NSE BankNifty: (18990) The support for BankNifty is at 18610-18533-18400-18219 and the resistance to the up move is at 19030-19160-19300-19410 levels.

BSE Sensex: (28095) The support for the Sensex is at 27915-27736-27635-27540 and the resistance to the up move is at 28128-28218-28294-28360 levels.

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

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

Share Market Tips for – Monday, July 25, 2016

equitypandit_square

Go Long If Nifty Breaches 8600 and Go Short If Nifty Breaches 8478 Levels

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that BankNifty has entered into negative zone and Nifty is still in positive zone. Equitypandit also predicted that Nifty would posses strong resistance at 8550 and exactly same happened. Indian Stock Market opened flat but BankNifty moved sharply negative as per EquityPandit’s predictions. Market recovered from day lows and Nifty saw highs right at EquityPandit’s predicted resistance levels of 8550 like a dot. BankNifty also saw strong resistance near EquityPandit’s predicted resistance levels of 18740 like a dot. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open flat. Technically, BankNifty is still in negative zone and Nifty is in positive zone. Now as per the retracement, BankNifty would see first support at 18548 levels and breaching this by closing would take BankNifty to 18312 levels. But Now, traders should watch Nifty movement carefully to decide the trend. If Nifty breaches levels of 8600-8625 levels, then we would see a sharp positive breakout in all the indices. For now, traders should go short in BankNifty at every positive rally near EquityPandit’s predicted resistance levels. Traders should also keep in mind that if Nifty doesn’t close below 8478 levels in upcoming days on the negative side then a sharp positive rally would come and BankNifty would also again enter into positive trend in that case. So for now, Nifty needs to breach 8478 levels on negative side to sustain this negative trend in the market else this negative trend would be considered as false trend. Overall Market is rangebound as of now and big movement would come only if Nifty closes below 8478 levels on negative side or 8600 on positive side.
FIIs were net buyers of Rs.437.78 crores whereas DIIs were net sellers of Rs.365.67 crores in cash market for last trading session. Nifty would see strong support at 8496-8470-8445-8400 whereas strong resistance would be seen at 8550-8580-8605-8635 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Q1 Results To Be Disclosed Today: Bajaj Corp, Canara Bank, Eveready Industries, GHCL, Greenply Industries, Indiabulls Housing Finance, Info Edge, Tata Sponge and Texmaco Rail.

NSE Nifty: (8541) The support for the Nifty is 8496-8470-8445-8400 and the resistance to the up move is at 8550-8580-8605-8635 levels.

NSE BankNifty: (18690) The support for BankNifty is at 18610-18533-18400-18219 and the resistance to the up move is at 18740-18888-19030-19160 levels.

BSE Sensex: (27801) The support for the Sensex is at 27635-27540-27380 and the resistance to the up move is at 27860-28018-28071-28218 levels.

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

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

Colgate Palmolive Outlook for the Week (July 25, 2016 – July 29, 2016)

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

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on positive note gaining around 3.10%.

As we have mentioned last week that support 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 below these levels then the stock can drift to the levels of 870 to 880 where medium term moving averages are lying. During the week the stock manages to hit a low of 923 and close the week around the levels of 955.

Minor support for the stock lies in the zone of 935 to 940. Support 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 below these levels then the stock can drift to the levels of 870 to 880 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 970 to 980 from where the stock has sold off in the month of Jan – 2016. If the stock manages to close above these levels then the stock can move to the levels of 1000.

Broad range for the stock is seen between 910 to 920 on lower end and 980 to 990 on upper end.

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

EquityPandit’s Outlook for DABUR for the week (July 25, 2016 – July 29, 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 300 and close the week around the levels of 308.

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.

Resistance for the stock lies in the zone of 317 to 320 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.

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 (July 25, 2016 – July 29, 2016)

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

HINDUSTAN UNILEVER:

 

HINDUNI

 

HIND Unilever closed the week on negative note losing around 4.10%.

As we have mentioned last week that resistance for the stock lies in the zone of 940 to 950 from where the stock has sold off in the month of August – 2015. If the stock manages to close above these levels then the stock can move to the levels of 980 where life time high for the stock is lying. During the week the stock manages to hit a high of 947 and close the week around the levels of 903.

Support for the stock lies in the zone of 875 to 880 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 865 to 870 where medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 925 to 930. Resistance for the stock lies in the zone of 940 to 950 from where the stock has sold off in the month of August – 2015. If the stock manages to close above these levels then the stock can move to the levels of 980 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 860 to 870 on downside and 930 to 940 on upside.

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

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

ITC:

 

ITC

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 255 to 260. Resistance for the stock lies in the zone of 280 where life time high for the stock is lying. During the week the stock manages to hit a high of 256 and close the week around the levels of 250.

Support for the stock lies in the zone of 237 to 240 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 225 to 230 where long term moving averages are lying.

Minor resistance for the stock lies in the zone of 255 to 260. Resistance for the stock lies in the zone of 280 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 237 to 240 on downside and 260 to 263 on upside.

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

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

CIPLA:

 

CIPLA

 

CIPLA 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 520 to 530 where medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 550 from where the stock has corrected in the month of March – 2016 and May – 2016. During the week the stock manages to hit a high of 527 and close the week around the levels of 520.

Support for the stock lies in the zone of 492 to 495 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 480.

Resistance for the stock lies in the zone of 520 to 530 where medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 550 from where the stock has corrected in the month of March – 2016 and May – 2016.

Broad range for the stock is seen in the range of 500 – 505 on downside to 535 – 540 on upside.

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

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

DR. REDDY:

 

DRR

 

Dr Reddy closed the week on positive note gaining around 0.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 3575 to 3605 where the stock has opened gap down on 09/11/2015. If the stock manages to close above these levels then the stock can move to the levels of 3800. During the week the stock manages to hit a high of 3690 and close the week around the levels of 3600.

Minor support for the stock lies in the zone of 3390 to 3400. Support for the stock lies in the zone of 3290 to 3320 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 3200 where short term moving averages are lying.

Resistance for the stock lies in the zone of 3650 to 3700 where the stock has opened gap down on 09/11/2015. If the stock manages to close above these levels then the stock can move to the levels of 3800.

Broad range for the stock is seen from 3500 – 3530 on downside to 3670 – 3700 on upside.

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

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

LUPIN:

 

LUPIN

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 1700 to 1720 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 1800 where the stock has opened gap down on 15/03/2016. During the week the stock manages to hit a high of 1737 and close the week around the levels of 1701.

Minor support for the stock lies in the zone of 1650. Support for the stock lies in the zone of 1580 to 1590 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 1510 to 1530 where short term moving averages are lying.

Resistance for the stock lies in the zone of 1700 to 1720 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 1800 where the stock has opened gap down on 15/03/2016.

Broad range for the stock is seen from 1630 – 1650 on downside to 1750 – 1760 on upside.

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

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

SUN PHARMA:

 

SUN

 

SUN PHARMA 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 793 to 800 where the stock has opened gap down on 31/05/2016 and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 812 to 818 where long term moving averages are lying. During the week the stock manages to hit a high of 806 and close the week around the levels of 787.

Minor support for the stock lies in the zone of 775. Support for the stock lies in the zone of 760 to 765 where the stock has broken out of the short term top. If the stock manages to close below these levels then the stock can drift to the levels of 730 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone of 793 to 800 where the stock has opened gap down on 31/05/2016 and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 812 to 818 where long term moving averages are lying.

Broad range for the stock in the coming week can be 760 – 765 on lower side to 800 – 805 on upper side.

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

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

WIPRO:

 

WIPRO

 

Wipro closed the week on negative note losing around 3.00%.

As we have mentioned last week that resistance zone for the stock lies in the zone of 565 where 500 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 575 where the stock has opened gap down on 21/04/2016. During the week the stock manages to hit a high of 554 and close the week around the levels of 538.

Support for the stock lies in the zone of 528 to 531 from where the stock has bounced multiple times in last 6 months. 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 in the month of February – 2016.

Minor resistance for the stock lies in the zone of 545. Resistance zone for the stock lies in the zone of 550 to 555 where short term and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 565 to 567.

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

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

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

HCL TECHNOLOGIES:

 

HCLTECH

 

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

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 729.

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.

Resistance for the stock lies in the zone of 740 to 745 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 780 to 790 where the stock has formed a medium term bottom in the month of Feb – 2016.

Broad range for the stock in the coming week is seen between 705 to 710 on downside to 745 to 750 on upside.

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

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

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on positive note gaining around 2.90%.

As we have mentioned last week that resistance for the stock lies in the zone of 2460 to 2480 where medium term and long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 2550 to 2600 where short term moving averages are lying. During the week the stock manages to hit a high of 2524 and close the week around the levels of 2515.

Minor support for the stock lies in the zone of 2475. Support for the stock lies in the zone of 2400 from where the stock has bounced in the month of April – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 2300 to 2330.

Minor resistance for the stock lies in the zone of 2530. Resistance for the stock lies in the zone of 2570 to 2600 where the stock had a gap down opening on 24/06/2016. If the stock manages to close above these levels then the stock can move to the levels of 2650 to 2670 where the stock has made a short term top.

Broad range for the stock in the coming week is seen between 2450 to 2470 on downside to 2570 to 2600 on upside.

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

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

INFOSYS:

 

INFY

 

INFY closed the week on absolutely flat note.

As we have mentioned last week that support for the stock lies in the zone of 1050 to 1060 where 500 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1000 to 1010 where the stock has made a bottom in the month of Nov – 2015. During the week the stock manages to hit a low of 1055 and close the week around the levels of 1072.

Support for the stock lies in the zone of 1050 to 1060 where 500 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1000 to 1010 where the stock has made a bottom in the month of Nov – 2015.

Resistance for the stock lies in the zone of 1100 to 1110. If the stock manages to close above these levels then the stock can move to the levels of 1140 to 1150 where 200 Daily SMA is lying.

Broad range for the stock in the coming week is seen between 1030 to 1040 on downside to 1100 to 1120 on upside.

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

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

STATE BANK OF INDIA:

 

SBIN

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 222 to 225. Support for the stock lies in the zone of 215 to 217 where the stock has formed a short term bottom. If the stock manages to close below these levels then the stock can drift to the levels of 208 to 210 where short term moving averages are lying. During the week the stock manages to hit a low of 222 and close the week around the levels of 224.

Minor support for the stock lies in the zone of 222 to 225. Support for the stock lies in the zone of 215 to 217 where the stock has formed a short term bottom. If the stock manages to close below these levels then the stock can drift to the levels of 208 to 210 where short term moving averages are lying.

Resistance for the stock lies in the zone of 230 to 235 from where the stock has sold off in the month of Dec – 2015. 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 215 to 217 on lower side to 232 to 235 on upper side.

Axis Bank Outlook for the Week (July 25, 2016 – July 29, 2016)

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

AXIS BANK:

 

AXIS

 

Axis Bank closed the week on negative note losing around 4.80%.

As we have mentioned last week that minor support for the stock lies in the zone of 548 to 550. Support for the stock lies in the zone of 530 to 535 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 500 to 505 where medium term moving averages are lying. During the week the stock manages to hit a low of 533 and close the week around the levels of 538.

Support for the stock lies in the zone of 525 to 530 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 500 to 505 where medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 550 to 555. Resistance for the stock lies in the zone of 580 to 590 from where the stock has sold off in the month of August – 2015. If the stock manages to close above these levels then the stock can move to the levels of 615 to 620.

Broad range for the stock in the coming week can be 510 – 515 on lower side to 555 – 560 on upper side.

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

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

ICICI BANK:

 

ICICI

 

ICICI 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 258 to 261 from where the stock has broken out of short term top. Support for the stock lies in the zone of 245 to 250 where short term moving averages and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 225 to 230 where the stock has made a bottom in the month of June – 2016. During the week the stock manages to hit a low of 259 and close the week around the levels of 263.

Minor support for the stock lies in the zone of 258 to 261 from where the stock has broken out of short term top. Support for the stock lies in the zone of 245 to 250 where short term moving averages and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 225 to 230 where the stock has made a bottom in the month of June – 2016.

Resistance for the stock lies in the zone of 267 to 270 from where the stock has sold off in the month of Dec – 2015. If the stock manages to close above these levels then the stock can move to the levels of 277 to 280.

Broad range for the stock in the coming week can be 247 – 250 on lower side to 275 – 277 on upper side.

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

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

HDFC BANK:

 

HDFC

 

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

As we have mentioned last week that the stock is hitting life time highs so virtually no resistance for the stock is lying. Resistance for the stock lies in the zone of 1250. During the week the stock manages to hit a high of 1240 and close the week around the levels of 1231.

Minor support for the stock lies in the zone of 1190 to 1200 from where the stock has broken out of the medium term top. Support for the stock lies in the zone of 1160 to 1170 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 1030 to 1040 where medium term moving averages are lying.

The stock is hitting life time highs so virtually no resistance for the stock is lying. Resistance for the stock lies in the zone of 1250.

Broad range for the stock in the coming week can be 1190 on lower side to 1250 on upper side.

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

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

NIFTY ENERGY:

 

CNXENERGY

 

Nifty ENERGY index closed the week on positive note gaining around 1.50%.

As we have mentioned last week that minor support for the index lies in the zone of 8880 to 8910 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8680 to 8720 from where the index has broken out of the medium term top and short term moving averages are lying. During the week the index manages to hit a low of 8931 and close the week around the levels of 9207.

Minor support for the index lies in the zone of 8880 to 8910 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8680 to 8720 from where the index has broken out of the medium term top and short term moving averages are lying.

Resistance for the index lies in the zone of 9300. If the index manages to close above these levels then the index can move to the levels of 9450 to 9500.

Broad range for the index is seen between 9000 to 9050 on downside to 9400 to 9450 on upside.

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

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

NIFTY AUTO:

 

CNXAUTO

 

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

As we have mentioned last week that the index has close at the life time highs. So virtually no resistance is visible. Resistance for the index lies in the zone of 9400 to 9450. During the week the index manages to hit a high of 9331 and close the week around the levels of 9290.

Minor support for the index lies in the zone 9100. Support for the index lies in the zone of 8880 to 8950 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8650 to 8700 where short term moving averages are lying.

The index has close at the life time highs. So virtually no resistance is visible. Resistance for the index lies in the zone of 9400 to 9450.

Broad range for the index is seen from 9000 to 9050 on downside to 9450 to 9500 on upside.

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

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

NIFTY PHARMA:

 

CNXPHARMA

 

Nifty PHARMA index closed the week on positive note gaining around 1.80%.

As we have mentioned last week that minor resistance for the index lies in the zone of 11700 to 11750. If the index manages to close above these levels then the index can move to the levels of 12000 to 12100 from where the index has retraced in the month of Dec – 2015. During the week the index manages to hit a high of 12012 and close the week around the levels of 11816.

Support for the index lies in the zone of 11450 to 11500 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 11100 to 11200 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 10500 from where the index has formed a short term bottom in the month of June – 2016.

Resistance for the index lies in the zone of 12000 to 12100 from where the index has retraced in the month of Dec – 2015. If the index manages to close above these levels then the index can move to the levels of 12500 to 12600.

Broad range for the index is seen from 11500 to 11600 on downside to 12200 to 12300 on upside.

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

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

NIFTY FMCG:

 

CNXFMCG

 

Nifty FMCG index closed the week on absolutely flat note.

As we have mentioned last week that minor support for the index lies in the zone of 21700 to 21800. Support for the index lies in the zone of 21300 to 21400 from where the index has broken out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 21000 where short term moving averages are lying. During the week the index manages to hit a low of 21696 and close the week around the levels of 22000.

Minor support for the index lies in the zone of 21700 to 21800. Support for the index lies in the zone of 21300 to 21400 from where the index has broken out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 21000 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 22200 to 22300. Resistance for the index lies in the zone of 22600 to 22700 where life time highs for the index is lying. If the index manages to close above these levels then the index can move to the levels of 23000 to 23200.

Broad range for the index in the coming week is seen from 21500 on downside to 22500 on upside.

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

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

NIFTY IT:

 

CNXIT

 

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

As we have mentioned last week that support for the index lies in the zone of 10650 to 10700 from where the index has bounced in the month of March – 2016. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10500 where the index has made a medium term bottom in the month of Feb – 2016. During the week the index manages to hit a low of 10600 and close the week around the levels of 10756.

Support for the index lies in the zone of 10650 to 10700 from where the index has bounced in the month of March – 2016. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10500 where the index has made a medium term bottom in the month of Feb – 2016.

Minor resistance for the index lies in the zone of 10900 to 11000. Resistance for the index lies in the zone of 11200 to 11300 where short term moving averages and 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 11400 to 11500 where the index has created a gap on gap down opening on 24/06/2016.

Broad range for the index in the coming week is seen from 10500 on downside to 11000 on upside.

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

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

NIFTY BANK:

 

BANKNIFTY

 

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

As we have mentioned last week that resistance for the index lies in the zone of 19100 to 19200 from where the index has sold off in the month of July – 2015. If the index manages to close above these levels then the index can move to the levels of 20000. During the week the index manages to hit a high of 19158 and close the week around the levels of 18690.

Minor support for the index lies in the zone of 18450 to 18500. Support for the index lies in the zone of 18100 to 18200 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 17600 to 17700 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 18850. Resistance for the index lies in the zone of 19100 to 19200 from where the index has sold off in the month of July – 2015. If the index manages to close above these levels then the index can move to the levels of 20000.

Range for the week is seen from 18300 to 18400 on downside to 19000 to 19100 on upside.

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

EquityPandit’s Outlook for Nifty for week (July 22, 2016 – July 29, 2016):

NIFTY:

 

NIFTY

 

Nifty ended the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 8600 to 8650 levels from where the index has sold off in the month of July – 2015. If the index manages to close above these levels then the index can move to the levels of 8800 to 8850. During the week the index manages to hit a high of 8587 and close the week around the levels of 8541.

Minor support for the index lies in the zone of 8350 to 8400 where the index has created the gap on gap up opening on 11/07/2016. Support for the index lies in the zone of 8200 to 8250 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 8000 to 8050 where medium term moving averages are lying.

Resistance for the index lies in the zone of 8600 to 8650 levels from where the index has sold off in the month of July – 2015. If the index manages to close above these levels then the index can move to the levels of 8800 to 8850.

Broad range for the week is seen from 8350 on downside to 8750 on upside.

Share Market Tips for – Friday, July 22, 2016

equitypandit_square

BankNifty Entered Into Negative Zone, Go Short At Every Positive Rally

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that Nifty posseses strong resistance near 8600 levels and strong support at 8496 levels. EquityPandit also suggested to hold long postions until Nifty holds 8478 levels. Nifty managed to stay above EquityPandit’s predicted support levels despite of sharp downfall in BankNifty. Finally, Indian Stock Market closed gap negative for the day but above EquityPandit’s predicted support levels.

Today: Indian Stock Market would open flat with negative bias. Technically, BankNifty has entered into negative zone but Nifty is still in positive zone. Now, either Nifty would enter into negative zone in a day or two or else Nifty would force BankNifty to come again in Positive zone. For now traders can go short in BankNifty at every positive rally. Market looking to see some correction in days to come.
FIIs were net buyers of Rs.420.22 crores whereas DIIs were net sellers of Rs.372.40 crores in cash market for last trading session. Nifty would see strong support at 8496-8470-8445-8400 whereas strong resistance would be seen at 8550-8580-8605-8635 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Q1 Results To Be Disclosed Today: Atul Ltd, Axis Bank, Federal Bank, KSB Pumps, L&T Finance Holdings, M&M Financial Services, Persistent System, Rallis India, Sanofi India and Vijaya Bank.

NSE Nifty: (8510) The support for the Nifty is 8496-8470-8445-8400 and the resistance to the up move is at 8550-8580-8605-8635 levels.

NSE BankNifty: (18674) The support for BankNifty is at 18610-18533-18400-18219 and the resistance to the up move is at 18740-18888-19030-19160 levels.

BSE Sensex: (27711) The support for the Sensex is at 27635-27540-27380 and the resistance to the up move is at 27860-28018-28071-28218 levels.

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

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

Share Market Tips for – Thursday, July 21, 2016

equitypandit_square

Market Would Continue To See Positive Rally If Nifty Holds 8478 levels

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that market is still in positive trend and traders should hold long positions until Nifty doesn’t closes below 8478 levels and exactly same happened. Indian Stock Market opened flat but recovered for the day. BankNifty saw strong support near EquityPandit’s predicted support levels of 18880 and recovered from those levels to see highs just near EquityPandit’s predicted resistance levels of 19030. Traders who followed EquityPandit’s advice to hold long positions as of now might have earned decent profits for the day. Finally, Indian Stock Market closed positive 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 continue to see positive rallies until Nifty holds 8478 levels. Once Nifty breaches levels of 8600-8635 levels, we would see a sharp breakout in the whole Indian Stock Market. Traders should continue to hold long positions until Nifty closes below 8478 levels. Once Nifty closes below these levels, market would enter into negative trend and traders can close all long positions and initiate fresh short positions. Few Corporate Giants would disclose their quarterly results today like ITC, Axis Bank, Kotak Bank and HDFC Bank and these would affect Indian Stock Market direction today.
FIIs were net buyers of Rs.215.21 crores whereas DIIs were net sellers of Rs.45.45 crores in cash market for last trading session. Nifty would see strong support at 8515-8496-8470-8445 whereas strong resistance would be seen at 8580-8605-8635-8659 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Q1 Results To Be Disclosed Today: ABB India, Ashok Leyland, Axis Bank, Bharat Financial Inclusion, Biocon, City Union Bank, DB Corp, HDFC Bank, Hindalco, ITC, JSW Energy, Kotak Mahindra Bank, Motilal Oswal Financial Services, Raymond, SBBJ and Zensar Technologies.

NSE Nifty: (8566) The support for the Nifty is 8515-8496-8470-8445 and the resistance to the up move is at 8580-8605-8635-8659 levels.

NSE BankNifty: (18968) The support for BankNifty is at 18880-18734-18610-18533 and the resistance to the up move is at 19030-19160-19376-19440 levels.

BSE Sensex: (27915) The support for the Sensex is at 27750-27635-27540-27380 and the resistance to the up move is at 28018-28071-28218 levels.

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

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

Share Market Tips for – Wednesday, July 20, 2016

equitypandit_square

Nifty to see breakout above 8600 levels and Breakdown below 8478 closing levels

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that market would see some correction near EquityPandit’s predicted resistance levels. EquityPandit also predicted that traders should hold long positions until Nifty holds 8478 levels by closing and exactly same happened. Nifty moved sharply positive and saw strong resistance near EquityPandit’s predicted resistance levels of 8550 levels. Nifty saw sharp correction from EquityPandit’s predicted resistance levels and saw lows right at EquityPandit’s predicted reversal levels of 8478 like a dot. Sensex also saw lows right at EquityPandit’s predicted support levels of 27635 like a dot. Market recovered from those levels and managed to close positive for the day.

Today: Indian Stock Market would open flat with positive bias. Technically, Indian Stock Market is still in positive zone. Market is lying at the thin range from where it can see a sharp movement on either side. Closing below 8478 would force Nifty to enter into negative zone and see a sharp breakdown. Until then traders can hold long positions. 8600-8635 would act as strong resistance level for Nifty, breaching which Nifty would see a sharp positive rally with a big breakout. So traders can wait for either of two levels to be breached and trade according to EquityPandit’s suggestion for huge profits.
FIIs were net buyers of Rs.548.90 crores whereas DIIs were net sellers of Rs.377.43 crores in cash market for last trading session. Nifty would see strong support at 8496-8470-8445-8400 whereas strong resistance would be seen at 8550-8580-8605-8635-8659 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Q1 Results To Be Disclosed Today: DHFL, Hindustan Zinc, Kitex Garments, KPIT Technologies, Lakshmi Vilas Bank and SKF India.

NSE Nifty: (8528) The support for the Nifty is 8496-8470-8445-8400 and the resistance to the up move is at 8550-8580-8605-8635-8659 levels.

NSE BankNifty: (18905) The support for BankNifty is at 18880-18734-18610-18533 and the resistance to the up move is at 19030-19160-19376-19440 levels.

BSE Sensex: (27788) The support for the Sensex is at 27635-27540-27380 and the resistance to the up move is at 27850-28018-28071-28218 levels.

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

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

Share Market Tips for – Tuesday, July 19, 2016

equitypandit_square

Initiate Shorts Only If Nifty Closes Below 8478, Until Then Hold Long Positions

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. EquityPandit predicted that some correction can be seen but traders should hold long positions until Nifty holds 8500 levels by closing. EquityPandit predicted that 8496 would act as strong support for Nifty and exactly same happened. Indian Stock Market opened flat and saw highs right near EquityPandit’s predicted resistance levels of 8580 for Nifty and 28018 for Sensex like a dot. Finally, Market corrected from those levels as EquityPandit predicted that market may see correction from EquityPandit’s predicted resistance levels. Market saw lows right at EquityPandit’s predicted support levels of 8496 for Nifty like a dot. Traders, who followed EquityPandit’s advice might have earned whopping profits for the day. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone. Now, 8478 would act as reversal levels for Nifty, closing below which Nifty would enter into negative zone. Traders can go long with closing stoploss of 8478 levels as overall market is in positive mode as of now. Once Nifty closes below 8478 levels, traders can close all long positions and initiate fresh short positions as market would see sharp correction in that case. Now discussion of GST in Parliament would be next trigger for the Indian Markets.
FIIs were net buyers of Rs.599.09 crores whereas DIIs were net sellers of Rs.439.09 crores in cash market for last trading session. Nifty would see strong support at 8496-8470-8445-8400 whereas strong resistance would be seen at 8550-8580-8605-8635-8659 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Q1 Results To Be Disclosed Today: CRISIL Ltd., Ultratech Cement and Wipro.

NSE Nifty: (8509) The support for the Nifty is 8496-8470-8445-8400 and the resistance to the up move is at 8550-8580-8605-8635-8659 levels.

NSE BankNifty: (18923) The support for BankNifty is at 18880-18734-18610-18533 and the resistance to the up move is at 19008-19160-19376-19440 levels.

BSE Sensex: (27747) The support for the Sensex is at 27635-27540-27380 and the resistance to the up move is at 27850-28018-28071-28218 levels.

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

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

Share Market Tips for – Monday, July 18, 2016

equitypandit_square

Some Correction Can Be Seen But Hold Long Positions Until Nifty Holds 8500 Levels

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. EquityPandit predicted that market would see further positive momentum. EquityPandit also predicted that market is near its final strong resistance at 8635 and traders should hold long positions until Nifty holds 8500 levels and exactly same happened. BankNifty outperformed Nifty as predicted by EquityPandit. Market moved positive and saw strong resistance near EquityPandit’s predicted resistance levels of 8605. Market saw sharp downfall from there and managed to close right at EquityPandit’s predicted support levels of 8540 like a dot. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone. Analysis would remain same. Market would see some pressure at higher levels near EquityPandit’s predicted resistance levels. Some correction would be seen but Market would be considered buy at dips until Nifty holds 8500-8480 levels by closing. Market would see further positive momentum. Nifty posses final strong resistance at 8635, closing above these levels would force market to see new highs in days to come. 8500 would act as very strong support for Nifty, so traders can hold long positions with stoploss below 8500 levels for Nifty on closing basis.
FIIs were net buyers of Rs.1461.26 crores whereas DIIs were net sellers of Rs.1033.97 crores in cash market for last trading session. Nifty would see strong support at 8540-8496-8470-8445 whereas strong resistance would be seen at 8580-8605-8635-8659-8670 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Q1 Results To Be Disclosed Today: Exide Industries, GRUH Finance Ltd, Hindustan Unilever, JP Power and Mindtree.

NSE Nifty: (8541) The support for the Nifty is 8540-8496-8470-8445 and the resistance to the up move is at 8580-8605-8635-8659-8670 levels.

NSE BankNifty: (18954) The support for BankNifty is at 18734-18610-18533 and the resistance to the up move is at 19008-19110-19376-19440 levels.

BSE Sensex: (27837) The support for the Sensex is at 27760-27635-27540 and the resistance to the up move is at 28018-28071-28218-28340 levels.

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

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

Colgate Palmolive Outlook for the Week (July 18, 2016 – July 22, 2016)

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

COLGATE PALMOLIVE:

 

colpal

 

Colgate Palmolive closed the week on negative note losing around 2.10%.

As we have mentioned last week that resistance for the stock lies in the zone of 950 from where the stock has sold off in the month of Jan – 2016. If the stock manages to close above these levels then the stock can move to the levels of 1000 from where the stock has sold off in the month of Dec – 2015. During the week the stock manages to hit a high of 955 and close the week around the levels of 927.

Support 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 below these levels then the stock can drift to the levels of 870 to 880 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 950 from where the stock has sold off in the month of Jan – 2016. If the stock manages to close above these levels then the stock can move to the levels of 1000 from where the stock has sold off in the month of Dec – 2015.

Broad range for the stock is seen between 900 to 910 on lower end and 960 to 970 on upper end.

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

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

DABUR:

 

dabur

 

Dabur closed the week on negative note losing around 0.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 317 to 320 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 320 and close the week around the levels of 312.

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.

Resistance for the stock lies in the zone of 317 to 320 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.

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 (July 18, 2016 – July 22, 2016)

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

HINDUSTAN UNILEVER:

 

hindunilvr

 

HIND Unilever closed the week on positive note gaining around 2.30%.

As we have mentioned last week that resistance for the stock lies in the zone 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 951 and close the week around the levels of 941.

Minor support 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 below these levels then the stock can drift to the levels of 875 to 880 where short term moving averages are lying.

Resistance for the stock lies in the zone of 940 to 950 from where the stock has sold off in the month of August – 2015. If the stock manages to close above these levels then the stock can move to the levels of 980 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 900 to 910 on downside and 980 to 990 on upside.

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

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

ITC:

 

itc

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 255 to 260. Resistance for the stock lies in the zone of 280 where life time high for the stock is lying. During the week the stock manages to hit a high of 253 and close the week around the levels of 249.

Support for the stock lies in the zone of 237 to 240 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 225 to 230 where long term moving averages are lying.

Minor resistance for the stock lies in the zone of 255 to 260. Resistance for the stock lies in the zone of 280 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 237 to 240 on downside and 260 to 263 on upside.

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

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

CIPLA:

 

cipla

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 520 to 530 where medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 550 from where the stock has corrected in the month of March – 2016 and May – 2016. During the week the stock manages to hit a high of 528 and close the week around the levels of 516.

Support for the stock lies in the zone of 492 to 495 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 480.

Resistance for the stock lies in the zone of 520 to 530 where medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 550 from where the stock has corrected in the month of March – 2016 and May – 2016.

Broad range for the stock is seen in the range of 490 – 495 on downside to 535 – 540 on upside.

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

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

DR. REDDY:

 

drreddy

 

Dr Reddy 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 3575 to 3605 where the stock has opened gap down on 09/11/2015. If the stock manages to close above these levels then the stock can move to the levels of 3800. During the week the stock manages to hit a high of 3639 and close the week around the levels of 3588.

Minor support for the stock lies in the zone of 3390 to 3400. Support for the stock lies in the zone of 3290 to 3320 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 3200 where short term moving averages are lying.

Resistance for the stock lies in the zone of 3575 to 3605 where the stock has opened gap down on 09/11/2015. If the stock manages to close above these levels then the stock can move to the levels of 3800.

Broad range for the stock is seen from 3450 – 3480 on downside to 3670 – 3700 on upside.

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

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

LUPIN:

 

lupin

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 1700 to 1720 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 1800 where the stock has opened gap down on 15/03/2016. During the week the stock manages to hit a high of 1688 and close the week around the levels of 1670.

Support for the stock lies in the zone of 1580 to 1590 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 1510 to 1530 where short term moving averages are lying.

Resistance for the stock lies in the zone of 1700 to 1720 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 1800 where the stock has opened gap down on 15/03/2016.

Broad range for the stock is seen from 1580 – 1600 on downside to 1730 – 1750 on upside.

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

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

SUN PHARMA:

 

sunpharma

 

SUN PHARMA closed the week on negative note losing around 0.90%.

As we have mentioned last week that resistance for the stock lies in the zone of 793 to 800 where the stock has opened gap down on 31/05/2016 and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 812 to 818 where long term moving averages are lying. During the week the stock manages to hit a high of 795 and close the week around the levels of 770.

Support for the stock lies in the zone of 760 to 765 where the stock has broken out of the short term top. If the stock manages to close below these levels then the stock can drift to the levels of 730 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone of 793 to 800 where the stock has opened gap down on 31/05/2016 and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 812 to 818 where long term moving averages are lying.

Broad range for the stock in the coming week can be 750 – 755 on lower side to 795 – 800 on upper side.

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

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

WIPRO:

 

wipro

 

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

As we have mentioned last week that resistance zone for the stock lies in the zone of 565 where 500 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 575 where the stock has opened gap down on 21/04/2016. During the week the stock manages to hit a high of 578 and close the week around the levels of 555.

Support for the stock lies in the zone of 550 to 555 where medium term moving averages and 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 535 to 540 where the stock has formed a medium term bottom in the month of May – 2016 and June – 2016.

Resistance zone for the stock lies in the zone of 565 where 500 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 575 where the stock has opened gap down on 21/04/2016.

Broad range for the stock in the coming week is seen between 540 to 545 on downside to 565 to 570 on upside.

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

EquityPandit’s Outlook for HCL Tech for the week (July 11, 2016 – July 15, 2016):

HCL TECHNOLOGIES:

 

hcltech

 

HCL Tech closed the week on negative note losing around 0.60%.

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 710 and close the week around the levels of 717.

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.

Resistance for the stock lies in the zone of 740 to 745 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 780 to 790 where the stock has formed a medium term bottom in the month of Feb – 2016.

Broad range for the stock in the coming week is seen between 690 to 695 on downside to 740 to 745 on upside.

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

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

TATA CONSULTANCY SERVICES:

 

tcs

 

TCS 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 2460 to 2480 where medium term and long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 2550 to 2600 where short term moving averages are lying. During the week the stock manages to hit a high of 2529 and close the week around the levels of 2445.

Support for the stock lies in the zone of 2400 from where the stock has bounced in the month of April – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 2300 to 2330.

Resistance for the stock lies in the zone of 2460 to 2480 where medium term and long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 2550 to 2600 where short term moving averages are lying.

Broad range for the stock in the coming week is seen between 2350 to 2370 on downside to 2500 to 2530 on upside.

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

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

INFOSYS:

 

infy

 

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

As we have mentioned last week that support for the stock lies in the zone of 1140 to 1145 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 1052 and close the week around the levels of 1073.

Support for the stock lies in the zone of 1050 to 1060 where 500 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1000 to 1010 where the stock has made a bottom in the month of Nov – 2015.

Resistance for the stock lies in the zone of 1100 to 1110. If the stock manages to close above these levels then the stock can move to the levels of 1140 to 1150 where 200 Daily SMA is lying.

Broad range for the stock in the coming week is seen between 1020 to 1030 on downside to 1100 to 1120 on upside.

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

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

STATE BANK OF INDIA:

 

sbin

 

SBIN closed the week on positive note gaining around 6.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 234 and close the week around the levels of 231.

Minor support for the stock lies in the zone of 222 to 225. Support for the stock lies in the zone of 215 to 217 where the stock has formed a short term bottom. If the stock manages to close below these levels then the stock can drift to the levels of 208 to 210 where short term moving averages are 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 218 to 222 on lower side to 240 to 242 on upper side.

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

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

AXIS BANK:

 

axisbank

 

Axis Bank 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 550 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 575 to 580. During the week the stock manages to hit a high of 570 and close the week around the levels of 565.

Minor support for the stock lies in the zone of 548 to 550. Support for the stock lies in the zone of 530 to 535 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 500 to 505 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 580 to 590 from where the stock has sold off in the month of August – 2015. If the stock manages to close above these levels then the stock can move to the levels of 615 to 620.

Broad range for the stock in the coming week can be 525 – 530 on lower side to 590 – 595 on upper side.

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

EquityPandit’s Outlook for ICICI Bank for the week (July 11, 2016 – July 15, 2016):

ICICI BANK:

 

icicibank

 

ICICI Bank closed the week on positive note gaining around 9.80%.

As we have mentioned last week that resistance for the stock lies in the zone of 245 to 250 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 263 to 267. During the week the stock manages to hit a high of 270 and close the week around the levels of 266.

Minor support for the stock lies in the zone of 258 to 261 from where the stock has broken out of short term top. Support for the stock lies in the zone of 245 to 250 where short term moving averages and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 225 to 230 where the stock has made a bottom in the month of June – 2016.

Resistance for the stock lies in the zone of 267 to 270 from where the stock has sold off in the month of Dec – 2015. If the stock manages to close above these levels then the stock can move to the levels of 277 to 280.

Broad range for the stock in the coming week can be 247 – 250 on lower side to 275 – 277 on upper side.

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

EquityPandit’s Outlook for HDFC Bank for the week (July 11, 2016 – July 15, 2016):

HDFC BANK:

 

hdfcbank

 

HDFC Bank closed the week on positive note gaining around 4.20%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 1226 and close the week around the levels of 1224.

Minor support for the stock lies in the zone of 1190 to 1200 from where the stock has broken out of the medium term top. Support for the stock lies in the zone of 1160 to 1170 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 1030 to 1040 where medium term moving averages are lying.

The stock is hitting life time highs so virtually no resistance for the stock is lying. Resistance for the stock lies in the zone of 1250.

Broad range for the stock in the coming week can be 1190 on lower side to 1250 on upper side.

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

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

NIFTY ENERGY:

 

niftyenergy

 

Nifty ENERGY index closed the week on positive note gaining around 2.70%.

As we have mentioned last week that minor resistance for the index lies in the zone of 8800 to 8900. Resistance for the index lies in the zone of 9100 from where the index has retraced couple of times in Feb – 2015 and July – 2015. During the week the index manages to hit a high of 9149 and close the week around the levels of 9067.

Minor support for the index lies in the zone of 8880 to 8910 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8680 to 8720 from where the index has broken out of the medium term top and short term moving averages are lying.

Resistance for the index lies in the zone of 9100 to 9150 from where the index has retraced couple of times in Feb – 2015 and July – 2015. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450.

Broad range for the index is seen between 8800 to 8850 on downside to 9200 to 9250 on upside.

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

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

NIFTY AUTO:

 

niftyauto

 

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

As we have mentioned last week that Index has closed around the resistance 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 9254 and close the week around the levels of 9204.

Minor support for the index lies in the zone 9100. Support for the index lies in the zone of 8880 to 8950 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8650 to 8700 where short term moving averages are lying.

The index has close at the life time highs. So virtually no resistance is visible. Resistance for the index lies in the zone of 9400 to 9450.

Broad range for the index is seen from 9000 to 9050 on downside to 9450 to 9500 on upside.

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

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

NIFTY PHARMA:

 

niftypharma

 

Nifty PHARMA index closed the week on positive note gaining around 0.30%.

As we have mentioned last week that minor support for the index lies in the zone of 11200 to 11300. Support for the index lies in the zone of 11000 where channel support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10500 from where the index has formed a short term bottom in the month of June – 2016. During the week the index manages to hit a low of 11536 and close the week around the levels of 11608.

Support for the index lies in the zone of 11450 to 11500 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 11100 to 11200 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 10500 from where the index has formed a short term bottom in the month of June – 2016.

Minor resistance for the index lies in the zone of 11700 to 11750. If the index manages to close above these levels then the index can move to the levels of 12000 to 12100 from where the index has retraced in the month of Dec – 2015.

Broad range for the index is seen from 11200 to 11300 on downside to 11800 to 11900 on upside.

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

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

NIFTY FMCG:

 

niftyfmcg

 

Nifty FMCG index closed the week on positive note gaining around 0.80%.

As we have mentioned last week that minor resistance for the index lies in the zone of 22100 to 22200. Resistance for the index lies in the zone of 22600 to 22700 where life time highs for the index is lying. If the index manages to close above these levels then the index can move to the levels of 23000 to 23200. During the week the index manages to hit a high of 22289 and close the week around the levels of 22031.

Minor support for the index lies in the zone of 21700 to 21800. Support for the index lies in the zone of 21300 to 21400 from where the index has broken out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 21000 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 22100 to 22200. Resistance for the index lies in the zone of 22600 to 22700 where life time highs for the index is lying. If the index manages to close above these levels then the index can move to the levels of 23000 to 23200.

Broad range for the index in the coming week is seen from 21500 on downside to 22500 on upside.

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

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

NIFTY IT:

 

niftyit

 

Nifty IT index ended the week on negative note losing around 2.10%.

As we have mentioned last week that support for the index lies in the zone of 10700 to 10800 from where the index has bounced in the month of March – 2016. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10500 where the index has made a medium term bottom in the month of Feb – 2016. During the week the index manages to hit a low of 10691 and close the week around the levels of 10716.

Support for the index lies in the zone of 10650 to 10700 from where the index has bounced in the month of March – 2016. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10500 where the index has made a medium term bottom in the month of Feb – 2016.

Minor resistance for the index lies in the zone of 10900 to 11000. Resistance for the index lies in the zone of 11200 to 11300 where short term moving averages and 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 11400 to 11500 where the index has created a gap on gap down opening on 24/06/2016.

Broad range for the index in the coming week is seen from 10500 on downside to 11000 on upside.

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

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

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on positive note gaining around 5.20%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 19016 and close the week around the levels of 18954.

Minor support for the index lies in the zone of 18600 to 18700. Support for the index lies in the zone of 18100 to 18200 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 17600 to 17700 where short term moving averages are lying.

Resistance for the index lies in the zone of 19100 to 19200 from where the index has sold off in the month of July – 2015. If the index manages to close above these levels then the index can move to the levels of 20000.

Range for the week is seen from 18400 to 18500 on downside to 19400 to 19500 on upside.

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

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

NIFTY:

 

nifty

 

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

As we have mentioned last week that resistance for the index lies in the zone of 8340 to 8360 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 8595 and close the week around the levels of 8541.

Minor support for the index lies in the zone of 8350 to 8400 where the index has created the gap on gap up opening on 11/07/2016. Support for the index lies in the zone of 8200 to 8250 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 8000 to 8050 where medium term moving averages are lying.

Resistance for the index lies in the zone of 8600 to 8650 levels from where the index has sold off in the month of July – 2015. If the index manages to close above these levels then the index can move to the levels of 8800 to 8850.

Broad range for the week is seen from 8350 on downside to 8750 on upside.

Share Market Tips for – Friday, July 15, 2016

equitypandit_square

Market to see further Positive Momentum, Hold Long Positions Until 8500 Holds For Nifty

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with negative bias. EquityPandit predicted that market would consolidate before further positive rally but traders should go long at every dip in the market and exactly same happened. BankNifty outperformed Nifty as predicted by EquityPandit. Market consolidated for few hours of trading session and then saw a sharp positive movement. Traders who followed EquityPandit’s advice might have earned huge profits for the day. Market closed right at EquityPandit’s predicted resistance levels of 8567 for Nifty and 27950 for Sensex like a dot. BankNifty also saw strong resistance right at EquityPandit’s predicted resistance levels of 18888 like a dot. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market is still in positive zone. Market would see further positive momentum. Nifty posses final strong resistance at 8635, closing above these levels would force market to see new highs in days to come. 8500 would act as very strong support for Nifty, so traders can hold long positions with stoploss below 8500 levels for Nifty.
FIIs were net buyers of Rs.869.84 crores whereas DIIs were net sellers of Rs.874.15 crores in cash market for last trading session. Nifty would see strong support at 8540-8496-8470-8445 whereas strong resistance would be seen at 8580-8605-8635-8659-8670 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: (8565) The support for the Nifty is 8540-8496-8470-8445 and the resistance to the up move is at 8580-8605-8635-8659-8670 levels.

NSE BankNifty: (18864) The support for BankNifty is at 18734-18610-18533 and the resistance to the up move is at 19008-19110-19376-19440 levels.

BSE Sensex: (27942) The support for the Sensex is at 27890-27760-27635-27540 and the resistance to the up move is at 28018-28071-28218-28340 levels.

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

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

Share Market Tips for – Thursday, July 14, 2016

equitypandit_square

Market May See Some Consolidation, Go Long At Sharp Dips

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that market would remain positive until Nifty holds 8480 levels and exactly same happened. Indian Stock Market remained rangebound for the day between EquityPandit’s predicted support and resistance levels. Finally, Market closed flat with negative bias.

Today: Indian Stock Market would open flat with negative bias. Technically, Indian Stock Market is still in positive zone. Now, some correction can’t be ruled out but it would be temporary in nature until Nifty closes below 8480 levels. Market would consolidate in a rangebound region before any further positive rally. Overall Market is positive for now and traders can go long at every sharp dip in the market and book profits near EquityPandit’s predicted resistance levels. Nifty would face immediate resistance between 8550-8600 levels. Breaching levels of 8480 for Nifty would force market to see some further correction.
FIIs were net buyers of Rs.290.53 crores whereas DIIs were net sellers of Rs.654.73 crores in cash market for last trading session. Nifty would see strong support at 8480-8445-8415-8350 whereas strong resistance would be seen at 8567-8580-8605-8630 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: (8520) The support for the Nifty is 8480-8445-8415-8350 and the resistance to the up move is at 8567-8580-8605-8630 levels.

NSE BankNifty: (18619) The support for BankNifty is at 18540-18465-18380-18260 and the resistance to the up move is at 18756-18888-19000 levels.

BSE Sensex: (27815) The support for the Sensex is at 27660-27568-27450-27300 and the resistance to the up move is at 27950-28018-28071-28218 levels.

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

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

Share Market Tips for – Wednesday, July 13, 2016

equitypandit_square

Market Would Continue To See Positive Movement Until Nifty Holds 8480

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that market would see further positive movement and traders should continue to hold long positions in Nifty and BankNifty. EquityPandit also predicted that BankNifty would outperform Nifty and exactly same happened. Traders who followed EquityPandit’s advice might have earned huge profits for the day. Sensex closed just below EquityPandit’s predicted resistance levels of 27814. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market is still in positive zone. Analysis would remain same. Market would continue to see positive rally until Nifty holds 8480 levels by closing. BankNifty would continue to outperform Nifty and Next target for BankNifty would be 18800-19000 levels.
FIIs were net buyers of Rs.212.92 crores whereas DIIs were net buyers of Rs.119.27 crores in cash market for last trading session. Nifty would see strong support at 8480-8415-8350-8312 whereas strong resistance would be seen at 8567-8580-8605-8630 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: (8521) The support for the Nifty is 8480-8415-8350-8312 and the resistance to the up move is at 8567-8580-8605-8630 levels.

NSE BankNifty: (18668) The support for BankNifty is at 18260-18160-18060-17990 and the resistance to the up move is at 18756-18888-19000 levels.

BSE Sensex: (27808) The support for the Sensex is at 27660-27568-27450-27300 and the resistance to the up move is at 27950-28018-28071-28218 levels.

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

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

Share Market Tips for – Tuesday, July 12, 2016

equitypandit_square

Market Would Continue To See Positive Rally, Hold Long Positions

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that market is ready to see next positive rally with a breakout and exactly same happened. EquityPandit suggested traders to go long in the market and traders who followed EquityPandit’s advice 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. Traders should continue to hold long positions in Nifty and BankNifty. BankNifty would outperform Nifty in days to come.
FIIs were net buyers of Rs.1055.80 crores whereas DIIs were net sellers of Rs.610.57 crores in cash market for last trading session. Nifty would see strong support at 8415-8350-8312 whereas strong resistance would be seen at 8505-8567-8605 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: (8468) The support for the Nifty is 8415-8350-8312 and the resistance to the up move is at 8505-8567-8605 levels.

NSE BankNifty: (18391) The support for BankNifty is at 18260-18160-18060-17990 and the resistance to the up move is at 18500-18560-18640-18756 levels.

BSE Sensex: (27627) The support for the Sensex is at 27568-27450-27300-27200 and the resistance to the up move is at 27730-27814-27950-28071 levels.

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

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

Share Market Tips for – Monday, July 11, 2016

equitypandit_square

Market Ready To See Next Positive Rally With A Breakout

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that Market would see further correction before any positive rally. EquityPandit also predicted that Intraday traders can go short in Nifty if it breaches levels of 8315 levels and BankNifty, if it breaches 17985 levels and exactly same happened. Indian Stock Market opened flat and breached EquityPandit’s predicted levels to see sharp downfall. Traders, who followed EquityPandit’s suggestion might have earned decent profits for the day. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open gap positive. Technically, Indian Stock Market is still in positive zone. Now, Market would see positive rally. Market is ready to see a sharp breakout and Traders should go long at every dip in the market for excellent profits.
FIIs were net buyers of Rs.330.62 crores whereas DIIs were net sellers of Rs.512.67 crores in cash market for last trading session. Nifty would see strong support at 8315-8300-8280-8240 whereas strong resistance would be seen at 8370-8385-8400-8450 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: (8323) The support for the Nifty is 8315-8300-8280-8240 and the resistance to the up move is at 8370-8385-8400-8450 levels.

NSE BankNifty: (18016) The support for BankNifty is at 17985-17950-17800-17740 and the resistance to the up move is at 18150-18220-18380-18500 levels.

BSE Sensex: (27127) The support for the Sensex is at 27110-26950-26870-26720 and the resistance to the up move is at 27295-27385-27450-27600 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.

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

Colgate Palmolive Outlook for the Week (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for Colgate Palmolive for the week (July 11, 2016 – July 15, 2016):

COLGATE PALMOLIVE:

 

colpal

 

Colgate Palmolive closed the week on positive note gaining around 2.90%.

As we have mentioned last week that resistance for the stock lies in the zone of 950 from where the stock has sold off in the month of Jan – 2016. If the stock manages to close above these levels then the stock can move to the levels of 1000 from where the stock has sold off in the month of Dec – 2015. During the week the stock manages to hit a high of 949 and close the week around the levels of 946.

Support 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 below these levels then the stock can drift to the levels of 870 to 880 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 950 from where the stock has sold off in the month of Jan – 2016. If the stock manages to close above these levels then the stock can move to the levels of 1000 from where the stock has sold off in the month of Dec – 2015.

Broad range for the stock is seen between 910 to 920 on lower end and 970 to 980 on upper end.

Dabur Outlook for the Week (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for DABUR for the week (July 11, 2016 – July 15, 2016):

DABUR:

 

dabur

 

Dabur 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 317 to 320 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 317 and close the week around the levels of 313.

Resistance for the stock lies in the zone of 317 to 320 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 (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (July 11, 2016 – July 15, 2016):

HINDUSTAN UNILEVER:

 

hindunilvr

 

HIND Unilever 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 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 926 and close the week around the levels of 921.

Minor support 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 below these levels then the stock can drift to the levels of 875 to 880 where short term moving averages are lying.

Resistance for the stock lies in the zone 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 880 to 890 on downside and 950 to 960 on upside.

ITC Outlook for the Week (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for ITC for the week (July 11, 2016 – July 15, 2016):

ITC:

 

itc

 

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

As we have mentioned last week that support for the stock lies in the zone of 237 to 240 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 225 to 230 where long term moving averages are lying. During the week the stock manages to hit a low of 242 and close the week around the levels of 246.

Support for the stock lies in the zone of 237 to 240 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 225 to 230 where long term moving averages are lying.

Minor resistance for the stock lies in the zone of 255 to 260. Resistance for the stock lies in the zone of 280 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 237 to 240 on downside and 260 to 263 on upside.

Cipla Outlook for the Week (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for Cipla for the week (July 11, 2016 – July 15, 2016):

CIPLA:

 

cipla

 

CIPLA closed the week on positive note gaining around 2.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 520 to 530 where medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 550 from where the stock has corrected in the month of March – 2016 and May – 2016. During the week the stock manages to hit a high of 522 and close the week around the levels of 520.

Support for the stock lies in the zone of 492 to 495 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 480.

Resistance for the stock lies in the zone of 520 to 530 where medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 550 from where the stock has corrected in the month of March – 2016 and May – 2016.

Broad range for the stock is seen in the range of 490 – 495 on downside to 535 – 540 on upside.

Dr. Reddy Outlook for the Week (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (July 11, 2016 – July 15, 2016):

DR. REDDY:

 

drreddy

 

Dr Reddy 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 3575 to 3605 where the stock has opened gap down on 09/11/2015. If the stock manages to close above these levels then the stock can move to the levels of 3800. During the week the stock manages to hit a high of 3572 and close the week around the levels of 3561.

Minor support for the stock lies in the zone of 3390 to 3400. Support for the stock lies in the zone of 3290 to 3320 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 3200 where short term moving averages are lying.

Resistance for the stock lies in the zone of 3575 to 3605 where the stock has opened gap down on 09/11/2015. If the stock manages to close above these levels then the stock can move to the levels of 3800.

Broad range for the stock is seen from 3380 – 3400 on downside to 3620 – 3640 on upside.

Lupin Outlook for the Week (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for Lupin for the week (July 11, 2016 – July 15, 2016):

LUPIN:

 

lupin

 

Lupin closed the week on positive note gaining around 5.60%.

As we have mentioned last week that resistance for the stock lies in the zone of 1580 to 1600 where channel support which was holding the stock since the month of May – 2015 is lying. If the stock manages to close above these levels then the stock can move to the levels of 1700 where 200 Daily SMA is lying. During the week the stock manages to hit a high of 1712 and close the week around the levels of 1639.

Support for the stock lies in the zone of 1580 to 1590 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 1510 to 1530 where short term moving averages are lying.

Resistance for the stock lies in the zone of 1700 to 1720 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 1800 where the stock has opened gap down on 15/03/2016.

Broad range for the stock is seen from 1550 – 1570 on downside to 1750 – 1780 on upside.

Sun Pharma Outlook for the Week (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (July 11, 2016 – July 15, 2016):

SUN PHARMA:

 

sun

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 785 and close the week around the levels of 777.

Support for the stock lies in the zone of 760 to 765 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 730 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone of 793 to 800 where the stock has opened gap down on 31/05/2016 and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 812 to 818 where long term moving averages are lying.

Broad range for the stock in the coming week can be 750 – 755 on lower side to 795 – 800 on upper side.

Thank You for 11 Incredible Years.

Dear Friends, Colleagues and Stakeholders,

Small opportunities are often the beginning of great enterprises.

Wow. Eleven years. It’s been an incredible ride. Through the ups and downs (and there have been plenty of both) but we followed only one mantra and that is “ETHICS” because we never wished to earn faster but we wished to last longer. The real profits for us were few words of praise by our customers and that has driven us for last 11 years.

“Nothing Worth Having, Comes Easy”

What began over a Eleven years ago as a group of like-minded technical analysts, mathematicians and engineers forming EquityPandit with just couple of subscribers, has now transformed into India’s leading equity Research Company with the largest community of around 33000 traders, subscribers and investors.

Eleven years is a long time. Few things in our lives or in the world last that long—the average Research Company doesn’t quite make three years. I’m honored and humbled that you’ve stuck with us all that time, and I promise that in the years ahead, EquityPandit would deliver even more and better research in terms of quality.

“My Team Works Hard In Silence, So That Their Success and Your Praises Creates the Noise”

The ONLY GOAL for me and my team for the next year is to delight all of you with the high quality of research with even higher quality of accuracy. Trust me, we would make that happen.

Thank you for the eleven incredible years of warmth, friendship, and support. We absolutely couldn’t have done it without you, nor can we take the next steps without your help. I hope you’ll keep holding us to high standards, and telling us when we’ve met your expectations and when we’ve let you down.

And yes, without all of you, there is nothing here.

Yours Truly,

Abhishek Parakh

CEO & Managing Director
EquityPandit Financial Services (P) Limited

Wipro Outlook for the Week (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for Wipro for the week (July 11, 2016 – July 15, 2016):

WIPRO:

 

wipro

 

Wipro 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 552 to 557 where medium term moving averages and 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 535 to 540 where the stock has formed a medium term bottom in the month of May – 2016 and June – 2016. During the week the stock manages to hit a low of 555 and close the week around the levels of 562.

Support for the stock lies in the zone of 552 to 557 where medium term moving averages and 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 535 to 540 where the stock has formed a medium term bottom in the month of May – 2016 and June – 2016.

Resistance zone for the stock lies in the zone of 565 where 500 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 575 where the stock has opened gap down on 21/04/2016.

Broad range for the stock in the coming week is seen between 545 to 548 on downside to 575 to 578 on upside.

HCL Tech Outlook for the Week (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for HCL Tech for the week (July 11, 2016 – July 15, 2016):

HCL TECHNOLOGIES:

 

hcltech

 

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

As we have mentioned last week that support for the stock lies in the zone of 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 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.

Resistance for the stock lies in the zone of 750 to 755 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 780 to 790 where the stock has formed a medium term bottom in the month of Feb – 2016.

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 (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for TCS for the week (July 11, 2016 – July 15, 2016):

TATA CONSULTANCY SERVICES:

 

tcs

 

TCS closed the week on negative note losing around 3.00%.

As we have mentioned last week that support for the stock lies in the zone of 2460 to 2480 where 200 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 2400 from where the stock has bounced in the month of April – 2016. During the week the stock manages to hit a low of 2403 and close the week around the levels of 2426.

Support for the stock lies in the zone of 2400 from where the stock has bounced in the month of April – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 2300 to 2330.

Resistance for the stock lies in the zone of 2460 to 2480 where medium term and long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 2550 to 2600 where short term moving averages are lying.

Broad range for the stock in the coming week is seen between 2350 to 2370 on downside to 2500 to 2530 on upside.

Infosys Outlook for the Week (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for Infosys for the week (July 11, 2016 – July 15, 2016):

INFOSYS:

 

infy

 

INFY 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 1180 1190 where medium 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 1195 and close the week around the levels of 1158.

Support for the stock lies in the zone of 1140 to 1145 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 1180 1190 where medium 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 1130 to 1140 on downside to 1180 to 1190 on upside.

SBI Outlook for the Week (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for SBI for the week (July 11, 2016 – July 15, 2016):

STATE BANK OF INDIA:

 

sbin

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 225 and close the week around the levels of 218.

Support for the stock lies in the zone of 208 to 212 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 195 to 198 where medium term moving averages are 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 205 to 208 on lower side to 225 to 227 on upper side.

Axis Bank Outlook for the Week (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for Axis Bank for the week (July 11, 2016 – July 15, 2016):

AXIS BANK:

 

axisbank

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 550 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 575 to 580. During the week the stock manages to hit a high of 548 and close the week around the levels of 546.

Minor support for the stock lies in the zone of 522 to 525. Support for the stock lies in the zone of 510 to 515 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 485 to 490 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 550 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 575 to 580.

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 (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (July 11, 2016 – July 15, 2016):

ICICI BANK:

 

icicibank

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 245 to 250 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 263 to 267. During the week the stock manages to hit a high of 251 and close the week around the levels of 242.

Minor support for the stock lies in the zone of 235 to 237 where short term moving averages are lying. 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.

Resistance for the stock lies in the zone of 245 to 250 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 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.

HDFC Bank Outlook for the Week (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (July 11, 2016 – July 15, 2016):

HDFC BANK:

 

hdfcbank

 

HDFC Bank closed the week on absolutely flat note.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 1189 and close the week around the levels of 1175.

Minor support for the stock lies in the zone of 1150 where short term moving averages are lying. 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 (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (July 11, 2016 – July 15, 2016):

NIFTY ENERGY:

 

cnxenergy

 

Nifty ENERGY index closed the week on negative note losing around 0.30%.

As we have mentioned last week that minor resistance for the index lies in the zone of 8800 to 8900. Resistance for the index lies in the zone of 9100 from where the index has retraced couple of times in Feb – 2015 and July – 2015. During the week the index manages to hit a high of 9025 and close the week around the levels of 8825.

Minor support for the index lies in the zone of 8650 to 8700 from where the index has broken out of the medium term top. If the index manages to close below these levels then the index can drift to the levels of 8400 to 8450 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 8800 to 8900. Resistance for the index lies in the zone of 9100 from where the index has retraced couple of times in Feb – 2015 and July – 2015.

Broad range for the index is seen between 8550 to 8600 on downside to 9000 to 9050 on upside.

Nifty Auto Outlook for the Week (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (July 11, 2016 – July 15, 2016):

NIFTY AUTO:

 

cnxauto

 

Nifty AUTO index closed the week on negative note losing around 0.30%.

As we have mentioned last week that Index has closed around the resistance 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 8989 and close the week around the levels of 8870.

Minor support for the index lies in the zone 8700 to 8750. 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.

Index has closed around the resistance 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 8700 to 8750 on downside to 9050 to 9100 on upside.

Nifty Pharma Outlook for the Week (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (July 11, 2016 – July 15, 2016):

NIFTY PHARMA:

 

cnxpharma

 

Nifty PHARMA index closed the week on positive note gaining around 2.80%.

As we have mentioned last week that resistance for the index lies in the zone of 11300 to 11400 where 100 Weekly SMA are lying. If the index manages to close above these levels then the index can move to the levels of 11400 to 11600 where 200 Daily SMA is lying. During the week the index manages to hit a high of 11640 and close the week around the levels of 11570.

Minor support for the index lies in the zone of 11200 to 11300. Support for the index lies in the zone of 11000 where channel support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10500 from where the index has formed a short term bottom in the month of June – 2016.

Resistance for the index lies in the zone of 11600 to 11700 where 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 12000 to 12100 from where the index has retraced in the month of Dec – 2015.

Broad range for the index is seen from 11200 to 11300 on downside to 11800 to 11900 on upside.

Nifty FMCG Outlook for the Week (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (July 11, 2016 – July 15, 2016):  

NIFTY FMCG:

 

cnxfmcg

 

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

As we have mentioned last week that support for the index lies in the zone of 21300 to 21400 from where the index has broken out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 21000 where short term moving averages are lying. During the week the index manages to hit a low of 21592 and close the week around the levels of 21856.

Minor resistance for the index lies in the zone of 22100 to 22200. Resistance for the index lies in the zone of 22600 to 22700 where life time highs for the index is lying. If the index manages to close above these levels then the index can move to the levels of 23000 to 23200.

Support for the index lies in the zone of 21300 to 21400 from where the index has broken out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 21000 where short term moving averages are lying.

Broad range for the index in the coming week is seen from 21300 on downside to 22500 on upside.

Nifty IT Outlook for the Week (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (July 11, 2016 – July 15, 2016):

NIFTY IT:

 

cnxit

 

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

As we have mentioned last week that resistance for the index lies in the zone of 11200 to 11300 where short term moving averages and 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 11400 to 11500 where the index has created a gap on gap down opening on 24/06/2016. During the week the index manages to hit a high of 11242 and close the week around the levels of 10947.

Support for the index lies in the zone of 10700 to 10800 from where the index has bounced in the month of March – 2016. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10500 where the index has made a medium term bottom in the month of Feb – 2016.

Resistance for the index lies in the zone of 11200 to 11300 where short term moving averages and 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 11400 to 11500 where the index has created a gap on gap down opening on 24/06/2016.

Broad range for the index in the coming week is seen from 10700 on downside to 11200 on upside.

Nifty Bank Outlook for the Week (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (July 11, 2016 – July 15, 2016):

NIFTY BANK:

 

banknifty

Nifty Bank ended the week on absolutely flat note.

As we have mentioned last week that 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. During the week the index manages to hit a high of 18146 and close the week around the levels of 18016.

Minor support for the index lies in the zone of 17800 to 17900. 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 17500 to 17600 on downside to 18300 to 18400 on upside.

Nifty Outlook for the Week (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for Nifty for week (July 11, 2016 – July 15, 2016):

NIFTY:

 

nifty

Nifty ended the week on absolutely flat note.

As we have mentioned last week that minor support for the index lies in the zone of 8220 to 8250. 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. During the week the index manages to hit a low of 8287 and close the week around the levels of 8323.

Minor support for the index lies in the zone of 8220 to 8250. 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 8340 to 8360 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 8150 on downside to 8550 on upside.

Share Market Tips for – Friday, July 08, 2016

equitypandit_square

Market To See Further Correction Before Any Positive Rally

 

Last Trading Session: Indian Stock Market Opened flat for the day. EquityPandit predicted that some correction would be seen before further positive movement and exactly same happened. Market consolidated in rangebound region for past 2 trading sessions and saw some correction. Traders, who followed EquityPandit’s advice might have earned decent profits for the day. Finally, Indian Stock Market closed flat with positive bias.

Today: Indian Stock Market would open flat with negative bias. Technically, Indian Stock Market is still in positive zone. Market is in consolidation range. Market has formed Doji Pattern. Now if Nifty breaches levels of 8317 then it can see some further correction that can take Nifty to 8280-8250 levels. Overall Market is positive but some further correction can’t be ruled out before next positive movement. Traders can go short in the market if Nifty breaches levels of 8315 with stoploss of 8365 levels on spot basis. Breaching levels of 8365 on the positive side would force market to see further positive movement. BankNifty can be shorted below 17985 levels and could be bought above 18150 levels. BankNifty if breaches 18150 levels, then it would see a further positive rally.
FIIs were net sellers of Rs.299.51 crores whereas DIIs were net sellers of Rs.159.98 crores in cash market for last trading session. Nifty would see strong support at 8315-8300-8280-8240 whereas strong resistance would be seen at 8365-8385-8400-8450 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: (8338) The support for the Nifty is 8315-8300-8280-8240 and the resistance to the up move is at 8365-8385-8400-8450 levels.

NSE BankNifty: (18085) The support for BankNifty is at 17985-17950-17800-17740 and the resistance to the up move is at 18150-18220-18380-18500 levels.

BSE Sensex: (27201) The support for the Sensex is at 27110-26950-26870-26720 and the resistance to the up move is at 27288-27385-27450-27600 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.

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

Share Market Tips for – Tuesday, July 05, 2016

equitypandit_square

Some Correction Would Be Seen Before Further Positive Rally

 

Last Trading Session: Exactly as per EquityPandit’s prediction, Indian Stock Market opened gap positive for the day. EquityPandit predicted that Market would continue to see positive movement and traders should hold long positions or go long at every dip in the market and exactly same happened. Sensex saw highs right at EquityPandit’s predicted resistance levels of 27385 like a dot. BankNifty also saw resistance near EquityPandit’s predicted resistance levels of 18139. Nifty and BankNifty achieved EquityPandit’s predicted targets of 8385 and 18130.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 flat with negative bias. Technically, Indian Stock Market is still in positive zone. Some consolidation would be seen at this point of time and index may see some minor correction as well before moving further positive. Overall Market would remain positive but some temporary correction may be seen which would be an opportunity for traders to go long.
FIIs were net buyers of Rs.182.28 crores whereas DIIs were net buyers of Rs.377.45 crores in cash market for last trading session. Nifty would see strong support at 8325-8300-8240-8200 whereas strong resistance would be seen at 8385-8400-8450-8500 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: (8371) The support for the Nifty is 8325-8300-8240-8200 and the resistance to the up move is at 8385-8400-8450-8500 levels.

NSE BankNifty: (18098) The support for BankNifty is at 17950-17800-17740-17600 and the resistance to the up move is at 18139-18220-18380-18500 levels.

BSE Sensex: (27279) The support for the Sensex is at 27110-26950-26870-26720 and the resistance to the up move is at 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.

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

Share Market Tips for – Monday, July 04, 2016

equitypandit_square

Market To See A Sharp Breakout After Some Consolidation

 

Last Trading Session: Indian Stock Market Opened Positive for the day. EquityPandit predicted that Market is still in Positive zone and it looks like Nifty would see a breakout and breach levels of 8300 for Nifty and 18000 levels for BankNifty and exactly same happened. Indian Stock Market moved sharply positive. Nifty breached 8300 levels and closed just below EquityPandit’s predicted resistance levels of 8332 like a dot. Traders who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market is still in positive zone. Market is ready to see a breakout but some small consolidation can’t be ruled out. Traders can also look for some quality midcap companies as these would see most of the profits in next few days. Now, Next big trigger for the Market would be GST bill that is supposed to be passed in upcoming Parliament session which would start from July 18, 2016. Monsoon report these week would also play important role in the further movement of the market. Overall Market is positive and traders should go long at every dip in the market. Next target for Nifty is 8385-8450-8550 levels whereas for BankNifty, next target is 18130-18380-18500, if it closes above 18000 levels.
FIIs were net sellers of Rs.187.51 crores whereas DIIs were net buyers of Rs.907.05 crores in cash market for last trading session. Nifty would see strong support at 8240-8200-8160 whereas strong resistance would be seen at 8332-8385-8450-8500 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: (8328) The support for the Nifty is 8300-8240-8200-8160 and the resistance to the up move is at 8356-8385-8450-8500 levels.

NSE BankNifty: (17986) The support for BankNifty is at 17950-17800-17740-17600 and the resistance to the up move is at 18052-18139-18220-18380 levels.

BSE Sensex: (27145) The support for the Sensex is at 26950-26870-26720-26620 and the resistance to the up move is at 27240-27385-27450-27600 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.

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

ITC Outlook for the Week (July 04, 2016 – July 08, 2016)

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

ITC:

 

ITC

 

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

Support for the stock lies in the zone of 237 to 240 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 225 to 230 where long term moving averages are lying.

Minor resistance for the stock lies in the zone of 260. Resistance for the stock lies in the zone of 280 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 237 to 240 on downside and 265 to 268 on upside.

Colgate Palmolive Outlook for the Week (July 04, 2016 – July 08, 2016)

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

COLGATE PALMOLIVE:

 

colpal

 

Colgate Palmolive closed the week on positive note gaining around 3.90%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 924 and close the week around the levels of 920.

Support 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 below these levels then the stock can drift to the levels of 870 to 880 where short term moving averages are lying.

Resistance for the stock lies in the zone of 950 from where the stock has sold off in the month of Jan – 2016. If the stock manages to close above these levels then the stock can move to the levels of 1000 from where the stock has sold off in the month of Dec – 2015.

Broad range for the stock is seen between 870 to 880 on lower end and 950 to 960 on upper end.

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

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

DABUR:

 

dabur

 

Dabur closed the week on absolutely flat note.

As we have mentioned last week that minor support for the stock lies in the zone of 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 301 and close the week around the levels of 311.

Resistance for the stock lies in the zone of 317 to 320 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 (July 04, 2016 – July 08, 2016)

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

HINDUSTAN UNILEVER:

 

hindunilvr

 

HIND Unilever closed the week on positive note gaining around 4.50%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 905 and close the week around the levels of 898.

Minor support for the stock lies around 860 to 870. 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.

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 855 on downside and 920 to 930 on upside.

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

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

CIPLA:

 

cipla

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 510 and close the week around the levels of 509.

Support for the stock lies in the zone of 492 to 495 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 480.

Resistance for the stock lies in the zone of 520 to 530 where medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 550 from where the stock has corrected in the month of March – 2016 and May – 2016.

Broad range for the stock is seen in the range of 485 – 490 on downside to 530 – 535 on upside.

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

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

DR. REDDY:

 

drreddy

 

Dr Reddy closed the week on positive note gaining around 10.50%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 3132 and close the week around the levels of 3484.

Support for the stock lies in the zone of 3290 to 3320 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 3200 where short term moving averages are lying.

Resistance for the stock lies in the zone of 3575 to 3605 where the stock has opened gap down on 09/11/2015. If the stock manages to close above these levels then the stock can move to the levels of 3800.

Broad range for the stock is seen from 3250 – 3290 on downside to 3575 – 3600 on upside.

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

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

LUPIN:

 

lupin

 

Lupin closed the week on positive note gaining around 6.10%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 1559 and close the week around the levels of 1553.

Support for the stock lies in the zone of 1510 to 1530 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 1400 to 1430 where the stock has formed a bottom in the month of June – 2016.

Resistance for the stock lies in the zone of 1580 to 1600 where channel support which was holding the stock since the month of May – 2015 is lying. If the stock manages to close above these levels then the stock can move to the levels of 1700 where 200 Daily SMA is lying.

Broad range for the stock is seen from 1480 – 1500 on downside to 1620 – 1650 on upside.

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

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

SUN PHARMA:

 

sunpharma

 

SUN PHARMA closed the week on positive note gaining around 1.10%.

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 779 and close the week around the levels of 763.

Minor support for the stock lies in the zone of 755. Support for the stock lies in the zone of 730 where the stock has formed a short term bottom. If the stock manages to close below these levels then the stock can drift to the levels of 700 to 710 where the stock has formed a medium term bottom.

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 730 – 735 on lower side to 775 – 780 on upper side.

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

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

WIPRO:

 

wipro

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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 565 and close the week around the levels of 559.

Support for the stock lies in the zone of 552 to 557 where medium term moving averages and 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 535 to 540 where the stock has formed a medium term bottom in the month of May – 2016 and June – 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 (July 04, 2016 – July 08, 2016)

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

HCL TECHNOLOGIES:

 

hcltech

 

HCL Tech 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 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. During the week the stock manages to hit a low of 708 and close the week around the levels of 732.

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.

Resistance for the stock lies in the zone of 750 to 755 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 780 to 790 where the stock has formed a medium term bottom in the month of Feb – 2016.

Broad range for the stock in the coming week is seen between 710 to 715 on downside to 750 to 755 on upside.

TCS Outlook for the Week (July 04, 2016 – July 08, 2016)

EquityPandit’s Outlook for TCS for the week (July 04, 2016 – July 08, 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 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. During the week the stock manages to hit a low of 2458 and close the week around the levels of 2501.

Support for the stock lies in the zone of 2460 to 2480 where 200 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 2400 from where the stock has bounced in the month of April – 2016.

Resistance for the stock lies in the zone of 2550 to 2600 where short term moving averages are lying. If the stock manages close above these levels then the stock can move to the levels of 2660 where the stock has made a short term top on 02-06-2016.

Broad range for the stock in the coming week is seen between 2410 to 2430 on downside to 2560 to 2580 on upside.

Infosys Outlook for the Week (July 04, 2016 – July 08, 2016)

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

INFOSYS:

 

infy

 

INFY closed the week on negative note losing around 1.90%.

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 1184 and close the week around the levels of 1172.

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 1180 1190 where medium 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 1200 to 1210 on upside.

SBI Outlook for the Week (July 04, 2016 – July 08, 2016)

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

STATE BANK OF INDIA:

 

sbin

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a high of 222 and close the week around the levels of 219.

Support for the stock lies in the zone of 208 to 212 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 195 to 198 where medium term moving averages are 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 205 to 208 on lower side to 225 to 227 on upper side.

Axis Bank Outlook for the Week (July 04, 2016 – July 08, 2016)

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

AXIS BANK:

 

axisbank

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a high of 546 and close the week around the levels of 543.

Minor support for the stock lies in the zone of 522 to 525. Support for the stock lies in the zone of 500 to 510 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 485 to 490 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 550 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 575 to 580.

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 (July 04, 2016 – July 08, 2016)

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

ICICI BANK:

 

icicibank

 

ICICI Bank closed the week on positive note gaining around 4.10%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 229 and close the week around the levels of 240.

Minor support for the stock lies in the zone of 235 to 237 where short term moving averages are lying. 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.

Resistance for the stock lies in the zone of 245 to 250 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 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.

HDFC Bank Outlook for the Week (July 04, 2016 – July 08, 2016)

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

HDFC BANK:

 

hdfcbank

 

HDFC Bank closed the week on positive note gaining around 1.10%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 1150 and close the week around the levels of 1174.

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 (July 04, 2016 – July 08, 2016)

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

NIFTY ENERGY:

 

cnxenergy

 

Nifty ENERGY index closed the week on positive note gaining around 5.00%.

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 8867 and close the week around the levels of 8849.

Minor support for the index lies in the zone of 8650 to 8700 from where the index has broken out of the medium term top. If the index manages to close below these levels then the index can drift to the levels of 8400 to 8450 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 8800 to 8900. Resistance for the index lies in the zone of 9100 from where the index has retraced couple of times in Feb – 2015 and July – 2015.

Broad range for the index is seen between 8550 to 8600 on downside to 9000 to 9050 on upside.

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

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

NIFTY AUTO:

 

cnxauto

 

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

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 medium term moving averages are lying. During the week the index manages to hit a low of 8567 and close the week around the levels of 8895.

Minor support for the index lies in the zone 8700 to 8750. 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.

Index has closed around the resistance 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 8700 to 8750 on downside to 9050 to 9100 on upside.

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

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

NIFTY PHARMA:

 

cnxpharma

 

Nifty PHARMA index closed the week on positive note gaining around 4.70%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 11281 and close the week around the levels of 11251.

Support for the index lies in the zone of 11000 where channel support and short term moving averages for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10500 from where the index has formed a short term bottom in the month of June – 2016.

Resistance for the index lies in the zone of 11300 to 11400 where 100 Weekly SMA are lying. If the index manages to close above these levels then the index can move to the levels of 11400 to 11600 where 200 Daily SMA is lying.

Broad range for the index is seen from 10800 to 10900 on downside to 11500 to 11600 on upside.

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

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

NIFTY FMCG:

 

cnxfmcg

 

Nifty FMCG index closed the week on positive note gaining around 5.90%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 22198 and close the week around the levels of 22025.

Resistance for the index lies in the zone of 22600 to 22700 where life time highs for the index is lying. If the index manages to close above these levels then the index can move to the levels of 2300 to 23200.

Support for the index lies in the zone of 21300 to 21400 from where the index has broken out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 21000 where short term moving averages are lying.

Broad range for the index in the coming week is seen from 21300 on downside to 22700 on upside.

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

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

NIFTY IT:

 

cnxit

 

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

As we have mentioned last week that support for the index lies in the zone of 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. During the week the index manages to hit a low of 10874 and close the week around the levels of 11098.

Support for the index lies in the zone of 10700 to 10800 from where the index has bounced in the month of March – 2016. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10500 where the index has made a medium term bottom in the month of Feb – 2016.

Resistance for the index lies in the zone of 11200 to 11300 where short term moving averages and 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 11400 to 11500 where the index has created a gap on gap down opening on 24/06/2016.

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 (July 04, 2016 – July 08, 2016)

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

NIFTY BANK:

 

banknifty

 

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

As we have mentioned last week that 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. During the week the index manages to hit a high of 18075 and close the week around the levels of 17985.

Minor support for the index lies in the zone of 17500 to 17600. 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 18300 to 18400 on upside.

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

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

NIFTY:

 

nifty

 

Nifty ended the week on positive note gaining around 3.00%.

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 7770 to 7800 where 200 Daily SMA is lying. During the week the index manages to hit a low of 8039 and close the week around the levels of 8328.

Minor support for the index lies in the zone of 8220 to 8250. 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 8340 to 8360 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 8100 on downside to 8500 on upside.

Share Market Tips for – Friday, July 01, 2016

equitypandit_square

Market To See Breakout If Nifty Holds 8300 and BankNifty Holds 18000 Levels

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened Gap Positive. EquityPandit predicted that Market is still in positive zone and traders should hold long positions as of now. EquityPandit’s predicted target of 8300 for Nifty got achieved. Market closed just below EquityPandit’s predicted Resistance of 8300 for Nifty and 17952 for BankNifty like a dot. Traders, who followed EquityPandit’s advice to hold long positions might have earned whopping profits for the day. 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. Today, it looks like market may see a breakout and breach levels of 8300 for Nifty and 18000 for BankNifty. Some correction may be seen near these levels but breaching these resistance levels with volumes would force market to see further positive rally. Traders are suggested to hold long positions or buy at dips in this market. Breaching 8300 for Nifty with volumes would force market to see 8440 levels in upcoming days. If BankNifty closes above 18000 levels and Nifty closes above 8300 levels then Market would confirm a long Inverse Head and Shoulder Pattern with the targets of 8450-8500 for Nifty and 18240-18380-18500 for BankNifty. If Market has to go down then it would rebound from current levels only else a sharp breakout would be confirmed.
FIIs were net buyers of Rs.1107.42 crores whereas DIIs were net sellers of Rs.190.76 crores in cash market for last trading session. Nifty would see strong support at 8240-8200-8160 whereas strong resistance would be seen at 8332-8385-8450-8500 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: (8288) The support for the Nifty is 8240-8200-8160 and the resistance to the up move is at 8332-8385-8450-8500 levels.

NSE BankNifty: (17935) The support for BankNifty is at 18800-18740-17600-17470 and the resistance to the up move is at 18000-18052-18139-18220-18380 levels.

BSE Sensex: (27000) The support for the Sensex is at 26870-26720-26620-26540-26300 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.

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