Share Market Tips for – Wednesday, August 31, 2016

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Market Enters Into Bullish Trend, Go Long At Every Dip In The Market

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that if Nifty manages to breach 8653 levels then market would see sharp breakout and exactly same happened. Indian Stock Market moved positive and breached EquityPandit’s predicted resistance levels of 8653. Breaching these levels forced Indian Stock Market to see new 52 week highs. 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 flat. Technically, Indian Stock Market is in positive zone. Traders should go long at every dip in the market. Nifty may see some immediate resistance at 8774-8800 levels but these are not very strong resistance and overall market sentiments would remain positive. Every correction would be an opportunity for traders to go long in the market. Near term targets for Nifty would be 8800-8920-9000 levels and BankNifty would see levels of 19800-20000 levels after some consolidation. US Fed outcome would play major role in deciding the further movement but for now trade is to go long at every dip.
FIIs were net buyers of Rs.390.63 crores whereas DIIs were net buyers of Rs.485.14 crores in cash market for last trading session. Nifty would see strong support at 8700-8660 whereas strong resistance would be seen at 8774-8805-8880-8925 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: BPCL, GVK Power & Infrastructure, Hathway Cable, MCX and Sadbhav Engineering.

NSE Nifty: (8744) The support for the Nifty is 8700-8660 and the resistance to the up move is at 8774-8805-8880-8925 levels.

NSE BankNifty: (19532) The support for BankNifty is at 19484-19400-19299-19166 and the resistance to the up move is at 19660-19808-19965-20060 levels.

BSE Sensex: (28343) The support for the Sensex is at 28230-28120-28000 and the resistance to the up move is at 28500-28660-28720 levels.

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Share Market Tips for – Tuesday, August 30, 2016

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Wait For Either BankNifty To Close Below 19166 or Nifty To Close Above 8653 Levels

 

Last Trading Session: Indian Stock Market Opened flat for the day. EquityPandit predicted that market is in negative zone and traders should go short at every positive rally in the market. EquityPandit also predicted that traders should take short positions home only if BankNifty closes below 19166 levels. Indian Stock Market fell down sharply and saw lows right near EquityPandit’s predicted support levels of 19080 for BankNifty and 8550 levels for Nifty. Market recovered from day lows and BankNifty managed to close above EquityPandit’s predicted changeover levels of 19166 levels. Nifty also saw highs right at EquityPandit’s predicted resistance levels of 8620 like a dot.Incidently, Sensex also saw highs right at EquityPandit’s predicted resistance levels of 27950 like a dot. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open positive. Now Technically, Nifty is in Negative zone and BankNifty is in Positive zone. Traders should either wait for BankNifty to close below 19166 levels or Nifty to close above 8653 levels for further trading actions. If BankNifty managed to close below 19166 levels then we would see sharp downfall in the market as Nifty is already in Negative zone but if Nifty managed to close above 8653 levels then a sharp positive breakout would be seen as BankNifty is already in Positive zone as of now. So traders should follow these levels very strictly before taking any trading action. Market is still in trading range and is consolidating in a rangebound region. Market would see sharp breakout or breakdown soon based on Nifty or BankNifty breaching these EquityPandit’s suggested levels. For now traders should wait and watch any of these levels to be breached and take further action accordingly.
FIIs were net buyers of Rs.286.52 crores whereas DIIs were net buyers of Rs.17.49 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 8625-8653-8665-8707 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: Cox & Kings, Crompton Greaves and Whirlpool India.

NSE Nifty: (8607) The support for the Nifty is 8550-8530-8496-8470 and the resistance to the up move is at 8625-8653-8665-8707 levels.

NSE BankNifty: (19217) The support for BankNifty is at 19166-19080-18950-18825 and the resistance to the up move is at 19350-19435-19490-19660 levels.

BSE Sensex: (27903) The support for the Sensex is at 27700-27635-27540-27380 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.

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Share Market Tips for – Monday, August 29, 2016

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Market In Negative Trend, Go Short At Every Positive Rally Until BankNifty Holds 19500

 

Last Trading Session: Indian Stock Market Opened flat for the day. EquityPandit predicted that market has entered negative zone and if BankNifty breaches levels of 19211 then traders can go short in BankNifty and exactly same happened. Indian Stock Market moved positive and saw highs right at EquityPandit’s predicted resistance levels of 8620 levels for Nifty like a dot. Market was not able to sustain higher levels and fell down sharply. BankNifty breached levels of 19211 and fell down sharply from there. Nifty also saw strong support at EquityPandit’s predicted support levels of 8550 levels. Sensex also saw strong support at EquityPandit’s predicted support levels of 27700. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open negative. Now Technically, Indian Stock Market is in negative trend and traders should go short at every positive rally in the market. Traders can hold short positions in market for now and can take short positions home confidently, if BankNifty closes below 19166 levels. BankNifty has consolidated earlier in the range of 19000-19100, so it would consolidate again in that range. Once this range is breached on negative side, BankNifty may see downfall upto 18500-18600 levels easily. Traders can hold short positions with Strict stoploss of 8702 levels for Nifty and 19500 levels for BankNifty.
FIIs were net buyers of Rs.341.35 crores whereas DIIs were net sellers of Rs.266.43 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 8620-8636-8665-8707 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: Ashoka Buildcon, DLF, eClerx Services, GMDC, Indian Oil Corporation and MOIL.

NSE Nifty: (8573) The support for the Nifty is 8550-8530-8496-8470 and the resistance to the up move is at 8620-8636-8665-8707 levels.

NSE BankNifty: (19196) The support for BankNifty is at 19166-19080-18950-18825 and the resistance to the up move is at 19350-19435-19490-19660 levels.

BSE Sensex: (27782) The support for the Sensex is at 27635-27540-27380 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.

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Colgate Palmolive Outlook for the Week (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for Colgate Palmolive for the week (August 29, 2016 – September 02, 2016) :

COLGATE PALMOLIVE:

 

COLPAL

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 940. Support for the stock lies in the zone of 900 to 920 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 934 and close the week around the levels of 949.

Minor support for the stock lies in the zone of 935. Support for the stock lies in the zone of 910 to 920 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 880 to 890 where 200 Daily SMA and medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 970 to 980. If the stock manages to close above these levels then the stock can move to the levels of 1030.

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 (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for DABUR for the week (August 29, 2016 – September 02, 2016) :

DABUR:

 

DABUR

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 305. Resistance for the stock lies in the zone of 309 to 311. If the stock manages to close above these levels then the stock can move to the levels of 320 where life time highs for the stock is lying. During the week the stock manages to hit a high of 303 and close the week around the levels of 288.

Support for the stock is lying in the zone of 272 to 275 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 262.

Resistance for the stock lies in the zone of 294 to 298 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 305 to 307 where the stock has formed a short term top.

Broad range for the stock is seen between 275 to 278 on lower end and 300 to 305 on upper end.

Hindustan Unilever Outlook for the Week (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (August 29, 2016 – September 02, 2016) :

HINDUSTAN UNILEVER:

 

HIND

 

HIND Unilever closed the week on negative note losing around 0.70%.

As we have mentioned last week that support for the stock lies in the zone of 890 to 900 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 880 to 885 where medium term moving averages are lying. During the week the stock manages to hit a low of 900 and close the week around the levels of 905.

Support for the stock lies in the zone of 890 to 900 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 885 to 890 where medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 920 to 925. Resistance for the stock lies in the zone of 940 to 950 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 980 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 880 to 885 on downside and 930 to 940 on upside.

ITC Outlook for the Week (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for ITC for the week (August 29, 2016 – September 02, 2016) :

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 1.10%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 258 to 262. 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 255 and close the week around the levels of 254.

Support for the stock lies in the zone of 245 to 248 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 237 to 240 where medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 258 to 262. 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 240 to 242 on downside and 260 to 263 on upside.

Cipla Outlook for the Week (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for Cipla for the week (August 29, 2016 – September 02, 2016) :

CIPLA:

 

CIPLA

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 564. Resistance for the stock lies in the zone of 575 to 580. If the stock manages to close above these levels then the stock can move to the levels of 600 to 610 where 500 Daily SMA is lying. During the week the stock manages to hit a high of 575 and close the week around the levels of 567.

Support for the stock lies in the zone of 548 to 551 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 538 to 540 from where the stock broken out of the short term top.

Resistance for the stock lies in the zone of 575 to 580. If the stock manages to close above these levels then the stock can move to the levels of 600 to 610 where 500 Daily SMA is lying.

Broad range for the stock is seen in the range of 545 – 548 on downside to 575 – 580 on upside.

Dr. Reddy Outlook for the Week (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (August 29, 2016 – September 02, 2016) :

DR. REDDY:

 

DRR

 

Dr Reddy closed the week on positive note gaining around 1.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 3078 and close the week around the levels of 3040.

Minor support for the stock lies in the zone of 2950 to 2970. 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 3110 to 3130 where medium term moving averages are lying.

Broad range for the stock is seen from 2900 – 2920 on downside to 3080 – 3100 on upside.

Lupin Outlook for the Week (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for Lupin for the week (August 29, 2016 – September 02, 2016) :

LUPIN:

 

LUPIN

 

Lupin closed the week on negative note losing around 4.10%.

As we have mentioned last week that minor support for the stock lies in the range of 1545 to 1560. Support for the stock lies in the zone of 1500 from where the stock broke out of the consolidation zone in the month of June – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 1400 where the stock has made a short term bottom. During the week the stock manages to hit a low of 1506 and close the week around the levels of 1512.

Support for the stock lies in the zone of 1500 from where the stock broke out of the consolidation zone in the month of June – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 1400 where the stock has made a short term bottom.

Minor resistance for the stock lies in the zone of 1545 to 1560. Resistance for the stock lies in the zone of 1600 to 1610 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 1650 where long term moving averages are lying.

Broad range for the stock is seen from 1450 – 1460 on downside to 1560 – 1570 on upside.

Sun Pharma Outlook for the Week (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (August 29, 2016 – September 02, 2016) :

SUN PHARMA:

 

SUN

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 795 to 800 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 850 to 855 where medium term weekly moving averages are lying. During the week the stock manages to hit a high of 785 and close the week around the levels of 755.

Support for the stock lies in the 725 to 730 from where the stock has bounced in the month of June – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 705 to 710 where the stock has taken support couple of times in last 1 year.

Minor resistance for the stock lies in the zone of 777 to 780. Resistance for the stock lies in the zone of 790 to 800 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 850 to 855 where medium term weekly 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 (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for Wipro for the week (August 29, 2016 – September 02, 2016) :

WIPRO:

 

WIPRO

 

Wipro closed the week on negative note losing around 5.80%.

As we have mentioned last week that support for the stock lies in the zone of 500 to 505 where the stock has formed a medium term bottom in the month of February – 2016. A break below these levels can see a major break down in the stock on long term charts and the stock can drift to the levels of around 450. During the week the stock manages to hit a low of 488 and close the week around the levels of 490.

The stock has seen a major break down on long term charts and the stock can drift to the levels of around 450. Support for the stock lies in the zone of 470 to 475 where the stock has taken support in the month of December – 2013 and May – 2014.

Resistance for the stock lies in the zone of 505 to 510 from where the stock has broken down from the long term support. If the stock manages to close above these levels then the stock can move to the levels of 515 to 520.

Broad range for the stock in the coming week is seen between 470 to 475 on downside to 515 to 520 on upside.

HCL Tech Outlook for the Week (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for HCL Tech for the week (August 29, 2016 – September 02, 2016) :

HCL TECHNOLOGIES:

 

HCLT

 

HCL Tech closed the week on negative note losing around 0.40%.

As we have mentioned last week that resistance for the stock lies in the zone of 800 to 810 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 835 to 850 from where the stock sold off on 03/08/2016. During the week the stock manages to hit a high of 805 and close the week around the levels of 779.

Support for the stock lies in the zone of 770 to 780 where the stock has broken out of the short term top 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 750.

Resistance for the stock lies in the zone of 800 to 810 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 835 to 850 from where the stock sold off on 03/08/2016.

Broad range for the stock in the coming week is seen between 755 to 760 on downside to 800 to 810 on upside.

TCS Outlook for the Week (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for TCS for the week (August 29, 2016 – September 02, 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 2580 to 2600 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 2520 to 2540 where medium term moving averages are lying. During the week the stock manages to hit a low of 2517 and close the week around the levels of 2525.

Support for the stock lies in the zone of 2520 to 2540 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 2430 to 2450 where 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 2580 to 2600 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 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 2420 to 2450 on downside to 2580 to 2600 on upside.

Infosys Outlook for the Week (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for Infosys for the week (August 29, 2016 – September 02, 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 1000 to 1010 where the stock has made a bottom in the month of Nov – 2015. If the stock manages to close below these levels then the stock can drift to the levels of 930 to 950 from where the stock has bounced in the month of July – 2015. During the week the stock manages to hit a low of 1009 and close the week around the levels of 1020.

Support for the stock lies in the zone of 1000 to 1010 where the stock has made a bottom in the month of Nov – 2015. If the stock manages to close below these levels then the stock can drift to the levels of 930 to 950 from where the stock has bounced in the month of July – 2015.

Minor resistance for the stock lies in the zone of 1050 to 1060. Resistance for the stock lies in the zone of 1090 to 1100. 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 990 to 1000 on downside to 1050 to 1060 on upside.

SBI Outlook for the Week (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for SBI for the week (August 29, 2016 – September 02, 2016) :

STATE BANK OF INDIA:

 

SBIN

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 253. Support for the stock lies in the zone of 248 to 250 where 500 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 233 to 235. During the week the stock manages to hit a low of 246 and close the week around the levels of 247.

Support for the stock lies in the zone of 245 to 247 where 500 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 233 to 235.

Minor resistance for the stock lies in the zone of 250 to 251. Resistance for the stock lies in the zone of 256 to 258 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 275 to 280.

Broad range for the stock in the coming week can be 238 to 240 on lower side to 255 to 257 on upper side.

Axis Bank Outlook for the Week (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for Axis Bank for the week (August 29, 2016 – September 02, 2016) :

AXIS BANK:

 

AXIS

 

Axis Bank closed the week on negative note losing around 0.40%.

As we have mentioned last week that resistance for the stock lies in the zone of 595 to 600 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 594 and close the week around the levels of 586.

Minor support for the stock lies in the zone of 573 to 575. Support for the stock lies in the zone of 550 to 555 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 520 to 525 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 595 to 600 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 560 – 565 on lower side to 605 – 610 on upper side.

ICICI Bank Outlook for the Week (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (August 29, 2016 – September 02, 2016) :

ICICI BANK:

 

ICICI

 

ICICI Bank closed the week on negative note losing around 3.40%.

As we have mentioned last week that resistance for the stock lies in the zone of 258 to 260. If the stock manages to close above these levels then the stock can move to the levels of 270 to 274 where the stock has made a short term top. During the week the stock manages to hit a high of 255 and close the week around the levels of 245.

Support for the stock lies in the zone of 237 to 240 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 220 to 222 where the stock has made a short term bottom in the month of June – 2016.

Minor resistance for the stock lies in the zone of 250. Resistance for the stock lies in the zone of 255 to 257. If the stock manages to close above these levels then the stock can move to the levels of 270 to 274 where the stock has made a short term top.

Broad range for the stock in the coming week can be 235 – 238 on lower side to 253 – 255 on upper side.

HDFC Bank Outlook for the Week (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (August 29, 2016 – September 02, 2016) :

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on positive note gaining around 0.80%.

As we have mentioned last week that minor support for the stock lies in the zone of 1230 to 1235. 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 1140 to 1150 where medium term moving averages are lying. During the week the stock manages to hit a low of 1241 and close the week around the levels of 1257.

Minor support for the stock lies in the zone of 1230 to 1235. 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 1140 to 1150 where medium term moving averages are lying.

Resistance for the stock lies in the range of 1255 to 1260. The stock is trading around the 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 1240 on lower side to 1275 on upper side.

Nifty Energy Outlook for the Week (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (August 29, 2016 – September 02, 2016) :

NIFTY ENERGY:

 

CNXENERGY

 

Nifty ENERGY index closed the week on negative note losing around 0.40%.

As we have mentioned last week that resistance for the index lies in the zone of 9530 to 9550. If the index manages to close above these levels then the index can move to the levels of 9700 to 9750. During the week the index manages to hit a high of 9584 and close the week around the levels of 9488.

Minor support for the index lies in the zone of 9200 to 9240. 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.

Resistance for the index lies in the zone of 9530 to 9550. If the index manages to close above these levels then the index can move to the levels of 9700 to 9750.

Broad range for the index is seen between 9250 to 9300 on downside to 9650 to 9700 on upside.

Nifty Auto Outlook for the Week (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (August 29, 2016 – September 02, 2016) :

NIFTY AUTO:

 

CNXAUTO

 

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

As we have mentioned last week that minor support for the index lies in the zone 9450 to 9500. Support for the index lies in the zone of 9150 to 9200 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 8800 to 8900 where medium term moving averages are lying. During the week the index manages to hit a low of 9453 and close the week around the levels of 9538.

Minor support for the index lies in the zone 9450 to 9500. Support for the index lies in the zone of 9150 to 9200 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 8800 to 8900 where medium term moving averages are lying.

Minor resistance for the index lies in the zone of 9600 to 9650. Resistance for the index lies in the zone of 9850 to 9900 where the index has formed a short term top. Index is trading around the life – time highs, so virtually no resistance is visible.

Broad range for the index is seen from 9200 to 9250 on downside to 9700 to 9750 on upside.

Nifty Pharma Outlook for the Week (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (August 29, 2016 – September 02, 2016) :

NIFTY PHARMA:

 

CNXPHARMA

 

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

As we have mentioned last week that support for the index lies in the zone of 11400 to 11450 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 11200 to 11300. During the week the index manages to hit a low of 11361 and close the week around the levels of 11395.

The index has closed around the support zone of 11350 to 11400 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 11000 to 11100.

Minor resistance for the index lies in the zone of 11650. Resistance for the index lies in the zone of 11770 to 11800 from where the index has sold off in the month of August – 2016. If the index manages to close above these levels then the index can move to the levels of 12000 where the index has formed a short term top.

Broad range for the index is seen from 11100 to 11200 on downside to 11600 to 11700 on upside.

Nifty FMCG Outlook for the Week (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (August 29, 2016 – September 02, 2016) :  

NIFTY FMCG:

 

CNXFMCG

 

Nifty FMCG index closed the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 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 22436 and close the week around the levels of 22253.

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 medium term moving averages are lying.

Minor resistance for the index lies in the zone of 22450 to 22500. 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 21700 on downside to 22500 on upside.

Nifty IT Outlook for the Week (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (August 29, 2016 – September 02, 2016) :

NIFTY IT:

 

CNXIT

 

Nifty IT index ended the week on negative note losing around 1.90%.

As we have mentioned last week that minor resistance for the index lies in the zone of 10850 to 10900. Resistance for the index lies in the zone of 10900 to 11000 where short term and long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11300 from where the index has sold off in the month of August – 2016. During the week the index manages to hit a high of 10846 and close the week around the levels of 10523.

The index has closed just below the support zone of 10550 to 10600 from where the index has bounced in the month of July – 2016. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 from where the index has bounced in the month of February – 2016.

Minor resistance for the index lies in the zone of 10850 to 10900. Resistance for the index lies in the zone of 10900 to 11000 where short term and long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11300 from where the index has sold off in the month of August – 2016.

Broad range for the index in the coming week is seen from 10200 to 10300 on downside to 10700 to 10800 on upside.

Nifty Bank Outlook for the Week (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (August 29, 2016 – September 02, 2016) :

NIFTY BANK:

 

BANKN

 

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

As we have mentioned last week that support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks consolidation. If the index manages to close below these levels then the index can drift to the levels of 18500 to 18600 where short term moving averages are lying. During the week the index manages to hit a low of 19134 and close the week around the levels of 19196.

Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks consolidation. If the index manages to close below these levels then the index can drift to the levels of 18500 to 18600 where short term moving averages are lying.

Resistance for the index lies in the zone of 19450 to 19500 where the index has formed a short term top. If the index manages to close above these levels then the index can move to the levels of 19900 to 20000.

Range for the week is seen from 18500 to 18600 on downside to 19400 to 19500 on upside.

Nifty Outlook for the Week (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for Nifty for week (August 29, 2016 – September 02, 2016):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor support for the index lies in the zone of 8550 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 8200 to 8250 where medium term moving averages are lying. During the week the index manages to hit a low of 8547 and close the week around the levels of 8573.

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 8200 to 8250 where medium term moving averages are lying.

Resistance for the index lies in the zone of 8700 to 8750 levels where the index has made a short term top. If the index manages to close above these levels then the index can move to the levels of 8800 to 8850.

The index has broken the inclining H & S pattern formed from 8530 to 8730. Neckline for H & S pattern is around the levels of 8580. The index has closed below the neckline levels and the target for the same can be around the levels of 8350 to 8400.

Broad range for the week is seen from 8350 on downside to 8700 on upside.

Share Market Tips for – Friday, August 26, 2016

equitypandit_square

Nifty Enters Negative Zone, Short Only If BankNifty Breaches 19211 Levels

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted market would see sideways movement and exactly same happened. Market consolidated and moved negative. Nifty saw highs right at EquityPandit’s predicted resistance levels of 8685 levels and fell down sharply. Coincidentally, Nifty saw lows right near EquityPandit’s predicted support levels of 8580. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open flat. Now Technically, Nifty has entered into negative zone but BankNifty is still holding positive trend. Market is very tricky as of now and Traders should wait for confirmation as yesterday fall can be an effect of F&O Expiry as well. If BankNifty breaches 19211 then it would also enter into negative zone and traders can initiate fresh short positions in Nifty or BankNifty. BankNifty is at premium and overly performed, so if market falls then BankNifty would fell down at much higher rate. Now Nifty would again come in positive zone only once it closes above 8702 levels which is far as of now. Traders can either hedge BankNifty long positions with Put Options which is available at discounts or can book profits at any rally available. We would see some positive reaction today and that can be opportunity to book profits in BankNifty. But traders should initiate any short positions only after confirmation of the trend that would be confirmed if BankNifty closes below 19211 levels. Overall trend reversal is on the cards and we may see sharp negative movement in days to come.
FIIs were net sellers of Rs.372.08 crores whereas DIIs were net sellers of Rs.357.02 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 8620-8636-8665-8707 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: Abbott India, Finolex Industries, Gayatri Projects, JB Chemcials, JBF Industries, P&G and Tata Motors Ltd.

NSE Nifty: (8592) The support for the Nifty is 8550-8530-8496-8470 and the resistance to the up move is at 8620-8636-8665-8707 levels.

NSE BankNifty: (19304) The support for BankNifty is at 19211-19166-19080-18950-18825 and the resistance to the up move is at 19435-19490-19660 levels.

BSE Sensex: (27836) The support for the Sensex is at 27700-27635-27540-27380 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.

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Share Market Tips for – Thursday, August 25, 2016

equitypandit_square

F&O Expiry Today, Hold Long Positions Only if Nifty Closes Above 8597 Levels

 

Last Trading Session: Indian Stock Market Opened flat with positive bias. EquityPandit predicted that market would remain volatile in a rangebound region but overall market would be positive bias and exactly same happened. Indian Stock Market moved in a rangebound region and saw support right near EquityPandit’s predicted support levels of 27950 for Sensex. Market recovered from day lows and managed to close positive for the day. EquityPandit suggested traders to buy at dips with strict stoploss of EquityPandit’s predicted support levels. Traders who followed EquityPandit’s advice might have earned huge profits for the day.

Today: Indian Stock Market would open flat. Today is F&O Expiry for the month and huge volatility would be seen. Technically, Indian Stock Market is in positive trend. Analysis would still remain same. Market would still be considered positive until BankNifty holds 19211 on Intraday basis and 19166 on closing basis for spot levels. BankNifty would see sharp breakout if it breaches 19500 levels, Until then market would continue to sideways movement between EquityPandit’s predicted support and resistance levels. Traders can hold long positions in BankNifty and Nifty until it holds 19166 levels for BankNifty and 8597 for Nifty on closing basis. Breaching these levels would force market to see a sharp downfall in days to come and traders can initiate fresh short positions in that case.
FIIs were net sellers of Rs.39.28 crores whereas DIIs were net buyers of Rs.129.18 crores in cash market for last trading session. Nifty would see strong support at 8580-8550-8530-8500 whereas strong resistance would be seen at 8685-8707-8741-8775 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

NSE Nifty: (8650) The support for the Nifty is 8580-8550-8530-8500 and the resistance to the up move is at 8685-8707-8741-8775 levels.

NSE BankNifty: (19356) The support for BankNifty is at 19211-19166-19080-19950-18825 and the resistance to the up move is at 19500-19660-19800-20000 levels.

BSE Sensex: (28060) The support for the Sensex is at 27950-27870-27736 and the resistance to the up move is at 28180-28294-28340-28500 levels.

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

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Share Market Tips for – Wednesday, August 24, 2016

equitypandit_square

Market In Positive Trend Until BankNifty Holds 19166 Levels By Closing

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that Indian Stock Market is still in Positive zone but would consolidate in rangebound region due to F&O Expiry approaching and exactly same happened. Indian Stock Market saw sharp downfall but recovered from day lows and closed near its Intraday highs. Finally, Indian Stock Market closed flat with positive bias.

Today: Indian Stock Market would open negative. Technically, Indian Stock Market is in positive trend. Analysis would still remain same. Market would move further positive and Now BankNifty needs to hold 19211 levels on Intraday basis and 19166 on closing basis. If BankNifty closes below 19166 levels then a sharp breakdown would be seen in the market. Until then traders can hold long positions in BankNifty. Nifty would enter into negative zone if it closes below 8597 levels. Traders are suggested to hold long positions until EquityPandit’s predicted changeover levels hold by the closing. If Nifty and BankNifty breaches those levels by closing, traders can initiate fresh short positions and wait for market to see a breakdown. Overall Market is still positive and traders can buy at dips with strict stoploss at EquityPandit’s predicted support levels. Huge volatility is expected in a rangebound region as market is near F&O Expiry.
FIIs were net sellers of Rs.0.19 crores whereas DIIs were net sellers of Rs.451.87 crores in cash market for last trading session. Nifty would see strong support at 8580-8550-8530-8500 whereas strong resistance would be seen at 8685-8707-8741-8775 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

NSE Nifty: (8633) The support for the Nifty is 8580-8550-8530-8500 and the resistance to the up move is at 8685-8707-8741-8775 levels.

NSE BankNifty: (19342) The support for BankNifty is at 19211-19166-19080-19950-18825 and the resistance to the up move is at 19500-19660-19800-20000 levels.

BSE Sensex: (27990) The support for the Sensex is at 27950-27870-27736 and the resistance to the up move is at 28180-28294-28340-28500 levels.

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

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Share Market Tips for – Tuesday, August 23, 2016

equitypandit_square

Hold Long Positions In BankNifty Until It Holds 19166 by Closing

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias for the day. EquityPandit predicted that Indian Stock Market Would see some positive movement but since we are in F&O Expiry week, market would see some consolidation as of now and exactly same happened. Indian Stock Market moved sharply positive but was not able to hold higher levels and fell down from there. BankNifty saw highs right near EquityPandit’s predicted support levels of 19500 levels near EquityPandit’s predicted targets of BankNifty. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is in positive trend. Now BankNifty needs to hold 19211 levels on Intraday basis and 19166 on closing basis. If BankNifty closes below 19166 levels then a sharp breakdown would be seen in the market. Until then traders can hold long positions in BankNifty. Nifty would enter into negative zone if it closes below 8597 levels. Traders are suggested to hold long positions until EquityPandit’s predicted changeover levels hold by the closing. If Nifty and BankNifty breaches those levels by closing, traders can initiate fresh short positions and wait for market to see a breakdown. Huge volatility is expected in a rangebound region as market is near F&O Expiry.
FIIs were net sellers of Rs.300.5 crores whereas DIIs were net buyers of Rs.52.5 crores in cash market for last trading session. Nifty would see strong support at 8597-8550-8530-8500 whereas strong resistance would be seen at 8685-8707-8741-8775 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 Results To Be Disclosed Today: Aurobindo Pharma, Engineers India, Gillette India, Jai Corp and Tata Power Company.

NSE Nifty: (8629) The support for the Nifty is 8597-8550-8530-8500 and the resistance to the up move is at 8685-8707-8741-8775 levels.

NSE BankNifty: (19330) The support for BankNifty is at 19211-19166-19080-19950-18825 and the resistance to the up move is at 19500-19660-19800-20000 levels.

BSE Sensex: (27986) The support for the Sensex is at 27950-27870-27736 and the resistance to the up move is at 28180-28294-28340-28500 levels.

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

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Share Market Tips for – Monday, August 22, 2016

equitypandit_square

Hold Long Positions In BankNifty As Of Now, Overall Market Positive

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias for the day. EquityPandit predicted that Indian Stock Market Would see further positive movement. EquityPandit also predicted that traders should hold long positions in BankNifty and add more at dips and exactly same happened. Market moved positive but was not able to breach 8700 for Nifty and consolidated in a rangebound region but BankNifty moved sharply positive and managed to close positive for the day. Traders who followed EquityPandit’s advice to hold long positions in BankNifty might have earned decent profits for the day. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market is in positive trend and analysis would remain same. Mr. Urjit Patel has been appointed as new RBI Chief and this is positive news for the market as all the policies would remain intact as he was Deputy Chief of RBI and would work on the same policies. Market would see further positive movement and Next target for BankNifty would be 19500-20000 levels. Traders should hold long positions as of now. Now, traders should watch for Nifty resistance of 8750 levels. Once Nifty breaches those levels, we would see new highs in days to come. Overall market is positive and traders should hold long positions and add more on dips. Market near F&O expiry and we may see some consolidation at this point of time.
FIIs were net buyers of Rs.409.94 crores whereas DIIs were net sellers of Rs.106.19 crores in cash market for last trading session. Nifty would see strong support at 8630-8600-8550-8530 whereas strong resistance would be seen at 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 Results To Be Disclosed Today: Allcargo Logistics, HFCL, Hindustan Copper, HPCL, Indraprastha Gas, NTPC and Shree Renuka Sugars.

NSE Nifty: (8667) The support for the Nifty is 8630-8600-8550-8530 and the resistance to the up move is at 8707-8741-8775 levels.

NSE BankNifty: (19415) The support for BankNifty is at 19080-19950-18825-18610 and the resistance to the up move is at 19500-19660-19800-20000 levels.

BSE Sensex: (28077) The support for the Sensex is at 27950-27870-27736 and the resistance to the up move is at 28180-28294-28340-28500 levels.

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

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Colgate Palmolive Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for Colgate Palmolive for the week (August 22, 2016 – August 26, 2016):

COLGATE PALMOLIVE:

 

colpal

 

Colgate Palmolive closed the week on absolutely flat note.

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 979 and close the week around the levels of 958.

Minor support for the stock lies in the zone of 940. Support for the stock lies in the zone of 900 to 920 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 970 to 980. If the stock manages to close above these levels then the stock can move to the levels of 1030.

Broad range for the stock is seen between 930 to 940 on lower end and 980 to 1000 on upper end.

Dabur Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for DABUR for the week (August 22, 2016 – August 26, 2016):

DABUR:

 

dabur

 

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

As we have mentioned last week that support for the stock is lying in the zone of 288 to 290 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. During the week the stock manages to hit a low of 293 and close the week around the levels of 300.

Support for the stock is lying in the zone of 288 to 290 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 305. Resistance for the stock lies in the zone of 309 to 311. If the stock manages to close above these levels then the stock can move to the levels of 320 where life time highs for the stock is lying.

Broad range for the stock is seen between 283 to 285 on lower end and 310 to 315 on upper end.

Hindustan Unilever Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (August 22, 2016 – August 26, 2016):

HINDUSTAN UNILEVER:

 

hind

 

HIND Unilever closed the week on negative note losing around 2.60%.

As we have mentioned last week that minor support for the stock lies in the zone of 915 to 920. Support for the stock lies in the zone of 890 to 900 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 875 to 880 where medium term moving averages are lying. During the week the stock manages to hit a low of 901 and close the week around the levels of 911.

Support for the stock lies in the zone of 890 to 900 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 880 to 885 where medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 920 to 925. Resistance for the stock lies in the zone of 940 to 950 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 980 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 880 to 885 on downside and 930 to 940 on upside.

ITC Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for ITC for the week (August 22, 2016 – August 26, 2016):

ITC:

 

itc

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 258 to 262. 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 258 and close the week around the levels of 251.

Support for the stock lies in the zone of 242 to 245 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 235 to 237 where medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 258 to 262. 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 240 to 242 on downside and 260 to 263 on upside.

Cipla Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for Cipla for the week (August 22, 2016 – August 26, 2016):

CIPLA:

 

cipla

 

CIPLA closed the week on positive note gaining around 7.90%.

As we have mentioned last week that support for the stock lies in the zone of 510 to 515 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. During the week the stock manages to hit a low of 510 and close the week around the levels of 557.

Support for the stock lies in the zone of 538 to 540 from where the stock broke out of the short term top. If the stock manages to close below these levels then the stock can drift to the levels of 515 to 520 where short term and medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 564. Resistance for the stock lies in the zone of 575 to 580. If the stock manages to close above these levels then the stock can move to the levels of 600 to 610 where 500 Daily SMA is lying.

Broad range for the stock is seen in the range of 545 – 548 on downside to 570 – 575 on upside.

Dr. Reddy Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (August 22, 2016 – August 26, 2016):

DR. REDDY:

 

drr

 

Dr Reddy closed the week on absolutely flat note.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 3043 and close the week around the levels of 3010.

Minor support for the stock lies in the zone of 2950 to 2970. 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 2900 – 2920 on downside to 3080 – 3100 on upside.

Lupin Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for Lupin for the week (August 22, 2016 – August 26, 2016):

LUPIN:

 

lupin

 

Lupin closed the week on negative note losing around 0.40%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 1620 to 1640. Resistance for the stock lies in the zone of 1650 to 1670 where long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1750 where the stock has formed a short term top. During the week the stock manages to hit a high of 1608 and close the week around the levels of 1576.

Minor support for the stock lies in the range of 1545 to 1560. Support for the stock lies in the zone of 1500 from where the stock broke out of the consolidation zone in the month of June – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 1400 where the stock has made a short term bottom.

Minor resistance for the stock lies in the zone of 1610 to 1620. Resistance for the stock lies in the zone of 1650 to 1670 where long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1750 where the stock has formed a short term top.

Broad range for the stock is seen from 1500 – 1510 on downside to 1650 – 1660 on upside.

Sun Pharma Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (August 22, 2016 – August 26, 2016):

SUN PHARMA:

 

sun

 

SUN PHARMA closed the week on negative note losing around 2.10%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 773 and close the week around the levels of 784.

Minor support for the stock lies in the zone of 773. If the stock manages to close below these levels then the stock can drift to the levels of 760 to 763 where the stock has made a short term bottom.

Resistance for the stock lies in the zone of 795 to 800 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 850 to 855 where medium term weekly moving averages are lying.

Broad range for the stock in the coming week can be 760 – 765 on lower side to 800 – 810 on upper side.

Wipro Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for Wipro for the week (August 22, 2016 – August 26, 2016):

WIPRO:

 

wipro

 

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

As we have mentioned last week that 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 546 and close the week around the levels of 520.

Support for the stock lies in the zone of 500 to 505 where the stock has formed a medium term bottom in the month of February – 2016. A break below these levels can see a major break down in the stock on long term charts and the stock can drift to the levels of around 450.

Minor resistance for the stock lies in the zone of 530 to 535. 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 500 to 505 on downside to 535 to 540 on upside.

HCL Tech Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for HCL Tech for the week (August 22, 2016 – August 26, 2016):

HCL TECHNOLOGIES:

 

hcl

 

HCL Tech closed the week on negative note losing around 4.00%.

As we have mentioned last week that support for the stock lies in the zone of 800 to 808 where the stock has opened gap up on 03-08-2016 and 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 770 to 780 where the stock has broken out of the short term top and medium term moving averages are lying. During the week the stock manages to hit a low of 780 and close the week around the levels of 782.

Support for the stock lies in the zone of 770 to 780 where the stock has broken out of the short term top 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 750.

Resistance for the stock lies in the zone of 800 to 810 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 835 to 850 from where the stock sold off on 03/08/2016.

Broad range for the stock in the coming week is seen between 755 to 760 on downside to 800 to 810 on upside.

TCS Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for TCS for the week (August 22, 2016 – August 26, 2016):

TATA CONSULTANCY SERVICES:

 

tcs

 

TCS closed the week on negative note losing around 4.90%.

As we have mentioned last week that minor support for the stock lies in the zone of 2650 to 2670. Support for the stock lies in the zone of 2580 to 2600 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 2500 to 2520 where medium term moving averages are lying. During the week the stock manages to hit a low of 2600 and close the week around the levels of 2603.

Support for the stock lies in the zone of 2580 to 2600 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 2520 to 2540 where medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 2650 to 2675. Resistance for the stock lies in the zone of 2750 to 2770 from where the stock has sold off in the month of August – 2015 and October – 2015. If the stock manages to close above these levels then the stock can move to the levels of 2820 to 2850.

Broad range for the stock in the coming week is seen between 2520 to 2550 on downside to 2650 to 2670 on upside.

Infosys Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for Infosys for the week (August 22, 2016 – August 26, 2016):

INFOSYS:

 

infy

 

INFY closed the week on negative note losing around 3.90%.

As we have mentioned last week that support for the stock lies in the zone of 1050 to 1055 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 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 1018 and close the week around the levels of 1021.

Support for the stock lies in the zone of 1000 to 1010 where the stock has made a bottom in the month of Nov – 2015. If the stock manages to close below these levels then the stock can drift to the levels of 930 to 950 from where the stock has bounced in the month of July – 2015.

Minor resistance for the stock lies in the zone of 1050 to 1060. 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 1000 to 1005 on downside to 1050 to 1060 on upside.

SBI Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for SBI for the week (August 22, 2016 – August 26, 2016):

STATE BANK OF INDIA:

 

sbin

 

SBIN closed the week on positive note gaining around 6.20%.

As we have mentioned last week that resistance for the stock lies in the zone of 245 to 248 where 500 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 254 to 256. During the week the stock manages to hit a high of 260 and close the week around the levels of 259.

Minor support for the stock lies in the zone of 253. Support for the stock lies in the zone of 248 to 250 where 500 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 233 to 235.

Resistance for the stock lies in the zone of 275 to 280. If the stock manages to close above these levels then the stock can move to the levels of 290 to 293.

Broad range for the stock in the coming week can be 250 to 252 on lower side to 268 to 270 on upper side.

Axis Bank Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for Axis Bank for the week (August 22, 2016 – August 26, 2016):

AXIS BANK:

 

axisbank

 

Axis Bank closed the week on negative note losing around 0.40%.

As we have mentioned last week that resistance for the stock lies in the zone of 590 to 600 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 598 and close the week around the levels of 589.

Minor support for the stock lies in the zone of 573 to 575. Support for the stock lies in the zone of 545 to 550 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 510 to 515 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 595 to 600 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 560 – 565 on lower side to 605 – 610 on upper side.

ICICI Bank Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (August 22, 2016 – August 26, 2016):

ICICI BANK:

 

icici

 

ICICI Bank closed the week on positive note gaining around 3.20%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 250. Resistance for the stock lies in the zone of 258 to 260. If the stock manages to close above these levels then the stock can move to the levels of 270 to 274 where the stock has made a short term top. During the week the stock manages to hit a high of 256 and close the week around the levels of 254.

Minor support for the stock lies in the zone of 247 to 249. Support for the stock lies in the zone of 237 to 240 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 220 to 222 where the stock has made a short term bottom in the month of June – 2016.

Resistance for the stock lies in the zone of 258 to 260. If the stock manages to close above these levels then the stock can move to the levels of 270 to 274 where the stock has made a short term top.

Broad range for the stock in the coming week can be 246 – 248 on lower side to 265 – 268 on upper side.

HDFC Bank Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (August 22, 2016 – August 26, 2016):

HDFC BANK:

 

hdfcb

 

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

As we have mentioned last week that 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 1140 to 1150 where medium term moving averages are lying. During the week the stock manages to hit a low of 1214 and close the week around the levels of 1247.

Minor support for the stock lies in the zone of 1230 to 1235. 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 1140 to 1150 where medium term moving averages are lying.

Resistance for the stock lies in the range of 1255 to 1260. The stock is trading around the 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 1230 on lower side to 1270 on upper side.

Nifty Energy Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (August 22, 2016 – August 26, 2016):

NIFTY ENERGY:

 

cnxenergy

 

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

As we have mentioned last week that resistance for the index lies in the zone of 9500 to 9530. If the index manages to close above these levels then the index can move to the levels of 9600 to 9700. During the week the index manages to hit a high of 9539 and close the week around the levels of 9523.

Minor support for the index lies in the zone of 9200 to 9240. 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.

Resistance for the index lies in the zone of 9530 to 9550. If the index manages to close above these levels then the index can move to the levels of 9700 to 9750.

Broad range for the index is seen between 9300 to 9350 on downside to 9700 to 9750 on upside.

Nifty Auto Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (August 22, 2016 – August 26, 2016):

NIFTY AUTO:

 

cnxauto

 

Nifty AUTO index closed the week on positive note gaining around 0.20%.

As we have mentioned last week that minor support for the index lies in the zone 9450 to 9500. Support for the index lies in the zone of 9150 to 9200 where the index has made a short term bottom. If the index manages to close below these levels then the index can drift to the levels of 9000 to 9050 where short term moving averages are lying. During the week the index manages to hit a low of 9497 and close the week around the levels of 9639.

Minor support for the index lies in the zone 9450 to 9500. Support for the index lies in the zone of 9150 to 9200 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 8800 to 8900 where medium term moving averages are lying.

Minor resistance for the index lies in the zone of 9850 to 9900. Index is trading around the life – time highs, so virtually no resistance is visible.

Broad range for the index is seen from 9400 to 9450 on downside to 9850 to 9900 on upside.

Nifty Pharma Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (August 22, 2016 – August 26, 2016):

NIFTY PHARMA:

 

cnxpharma

 

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

As we have mentioned last week that resistance for the index lies in the zone of 11450 to 11500 where 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 11770 to 11800. During the week the index manages to hit a high of 11626 and close the week around the levels of 11587.

Support for the index lies in the zone of 11400 to 11450 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 11200 to 11300.

Resistance for the index lies in the zone of 11770 to 11800 from where the index has sold off in the month of August – 2016. If the index manages to close above these levels then the index can move to the levels of 12000 where the index has formed a short term top.

Broad range for the index is seen from 11300 to 11400 on downside to 11800 to 11900 on upside.

Nifty FMCG Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (August 22, 2016 – August 26, 2016):  

NIFTY FMCG:

 

cnxfmcg

 

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

As we have mentioned last week that resistance for the index lies in the zone of 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 22587 and close the week around the levels of 22235.

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 medium term moving averages are lying.

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 21800 on downside to 22500 on upside.

Nifty IT Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (August 22, 2016 – August 26, 2016):

NIFTY IT:

 

cnxit

 

Nifty IT index ended the week on negative note losing around 4.00%.

As we have mentioned last week that support for the index lies in the zone of 11050 to 11100 where short term moving averages and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 10800 to 10900. During the week the index manages to hit a low of 10722 and close the week around the levels of 10728.

Support for the index lies in the zone of 10600 to 10700 from where the index has bounced in the month of July – 2016. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 from where the index has bounced in the month of February – 2016.

Minor resistance for the index lies in the zone of 10850 to 10900. Resistance for the index lies in the zone of 10900 to 11000 where short term and long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11300 from where the index has sold off in the month of August – 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 (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (August 22, 2016 – August 26, 2016):

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on positive note gaining around 2.40%.

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 19457 and close the week around the levels of 19415.

Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks consolidation. If the index manages to close below these levels then the index can drift to the levels of 18500 to 18600 where short term moving averages are lying.

Resistance for the index lies in the zone of 19550 to 19650. If the index manages to close above these levels then the index can move to the levels of 19900 to 20000.

Range for the week is seen from 19000 to 19100 on downside to 19800 to 19900 on upside.

Nifty Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for Nifty for week (August 22, 2016 – August 26, 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 8700 to 8750 levels where the index has made a short term top. 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 8697 and close the week around the levels of 8667.

Minor support for the index lies in the zone of 8550 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 8200 to 8250 where medium term moving averages are lying.

Resistance for the index lies in the zone of 8700 to 8750 levels where the index has made a short term top. 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 8550 on downside to 8850 on upside.

Share Market Tips for – Friday, August 19, 2016

equitypandit_square

Market Would See Further Positive Rally, Hold Long Positions In BankNifty

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias for the day. EquityPandit predicted that Market is in positive trend. EquityPandit also predicted that BankNifty would see breakout if it breaches levels of 19070 and exactly same happened. Market moved sharply positive and achieved EquityPandit’s predicted targets of 19300 for BankNifty. Traders who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed sharply positive for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is in positive trend. Market would see further positive movement and Next target for BankNifty would be 19500-20000 levels. Traders should hold long positions as of now. Now, traders should watch for Nifty resistance of 8750 levels. Once Nifty breaches those levels, we would see new highs in days to come. Overall market is positive and traders should hold long positions and add more on dips.
FIIs were net buyers of Rs.162.17 crores whereas DIIs were net sellers of Rs.14.42 crores in cash market for last trading session. Nifty would see strong support at 8600-8550-8530 whereas strong resistance would be seen at 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 Results To Be Disclosed Today: Oberoi Realty and Sun TV Network.

NSE Nifty: (8624) The support for the Nifty is 8600-8550-8530 and the resistance to the up move is at 8665-8707-8741-8775 levels.

NSE BankNifty: (19353) The support for BankNifty is at 19080-19950-18825-18610 and the resistance to the up move is at 19430-19500-19800-20000 levels.

BSE Sensex: (28123) The support for the Sensex is at 27950-27870-27736 and the resistance to the up move is at 28180-28294-28340-28500 levels.

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

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Share Market Tips for – Thursday, August 18, 2016

equitypandit_square

Market Would Further Consolidate, Breakout Only If BankNifty Closes Above 19070

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative for the day. EquityPandit predicted that Market is in consolidation and would see further correction and exactly same happened. Market saw some positive movement but was not able to hold higher levels. Market saw sharp correction and witnessed strong support at EquityPandit’s predicted support levels of 8600 levels for Nifty and 27950 levels for Sensex. BankNifty closed below EquityPandit’s predicted resistance levels of 19070. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open flat with positive bias. Technically, Indian Stock Market is in positive trend. Market is still in consolidation phase and further correction can’t be ruled out at this point of time. BankNifty would see immediate resistance at 19070 levels by closing and breaching these levels by closing would force market to see sharp breakout. BankNifty would surely see some correction but traders should continue to buy at dips as of now. Once BankNifty closes above 19070 levels, traders can expect the targets of 19300-19500 levels. Until then market would consolidate in a rangebound region.
FIIs were net buyers of Rs.0.05 crores whereas DIIs were net sellers of Rs.89.37 crores in cash market for last trading session. Nifty would see strong support at 8600-8550-8530 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 Results To Be Disclosed Today: India Cements, Shipping Corporation Of India and Transport Corporation Of India.

NSE Nifty: (8624) The support for the Nifty is 8600-8550-8530 and the resistance to the up move is at 8665-8707-8741-8775 levels.

NSE BankNifty: (19041) The support for BankNifty is at 18825-18610-18533-18400-18218 and the resistance to the up move is at 19070-19160-19300-19500 levels.

BSE Sensex: (28005) The support for the Sensex is at 27950-27870-27736 and the resistance to the up move is at 28180-28294-28340-28500 levels.

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

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Share Market Tips for – Wednesday, August 17, 2016

equitypandit_square

Market Consolidating, Buy At Dips, Breakout expected if BankNifty Closes Above 19070

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that Market is in positive zone but would see immediate resistance at 19070 for BankNifty. EquityPandit predicted that market would see breakout only if BankNifty closes above 19070 levels and exactly same happened. Market opened positive and saw some correction but Nifty saw lows right at EquityPandit’s predicted support levels of 8600 like a dot. Sensex also saw strong support near EquityPandit’s predicted support levels of 27950 like a dot. BankNifty saw positive movement but witnessed strong resistance right at EquityPandit’s predicted resistance levels of 19070 like a dot. Finally, Indian Stock Market closed flat for the day just above EquityPandit’s predicted support levels of 28060 for Sensex and 8638 for Nifty.

Today: Indian Stock Market would open negative. Technically, Indian Stock Market entered into positive trend. Market is still in consolidation phase and would see sharp breakout once BankNifty closes above 19070 levels. If BankNifty manages to close above 19070, then the next target would be 19300-19500-20000 levels in days to come. Some sharp correction would be seen but traders should buy at dips and sell at positive rally near resistance levels. Once BankNifty breaches levels of 19070 by closing then traders can go long with full quantity and enjoy huge profits.
FIIs were net buyers of Rs.684.73 crores whereas DIIs were net sellers of Rs.108.98 crores in cash market for last trading session. Nifty would see strong support at 8638-8600-8550-8530 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

NSE Nifty: (8643) The support for the Nifty is 8638-8600-8550-8530 and the resistance to the up move is at 8707-8741-8775-8800 levels.

NSE BankNifty: (19002) The support for BankNifty is at 18825-18610-18533-18400-18218 and the resistance to the up move is at 19070-19160-19300-19500 levels.

BSE Sensex: (28065) The support for the Sensex is at 28060-27950-27870-27736 and the resistance to the up move is at 28294-28340-28500 levels.

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

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Share Market Tips for – Tuesday, August 16, 2016

equitypandit_square

Market Entered Positive Trend, Breakout Expected If BankNifty Closes Above 19070

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that market would see further positive bounce but Important results like SBI would decided the further market direction and exactly same happened. Market moved sharply positive as SBI results met Analysts expectation. Fortunately, Indian Stock Market entered into positive zone and managed to close in positive trend. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market entered into positive trend. Now traders can close all short positions and enter into long positions. BankNifty if closes above 19070, it would see sharp breakout and can even see 19500-20000 levels. Traders can initiate long positions and wait for market to breach the immediate resistance of 19070 on closing basis. Once it breaches those levels, traders can increase their long positions as this would be the best opportunity in the market to earn huge profits after long consolidation.
FIIs were net buyers of Rs.1203.71 crores whereas DIIs were net sellers of Rs.392.47 crores in cash market for last trading session. Nifty would see strong support at 8638-8600-8550-8530 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: Justdial and Power Grid Corporation.

NSE Nifty: (8672) The support for the Nifty is 8638-8600-8550-8530 and the resistance to the up move is at 8707-8741-8775-8800 levels.

NSE BankNifty: (18964) The support for BankNifty is at 18825-18610-18533-18400-18218 and the resistance to the up move is at 19070-19160-19300-19500 levels.

BSE Sensex: (28152) The support for the Sensex is at 28060-27950-27870-27736 and the resistance to the up move is at 28294-28340-28500 levels.

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

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Colgate Palmolive Outlook for the Week (August 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for Colgate Palmolive for the week (August 16, 2016 – August 19, 2016):

COLGATE PALMOLIVE:

 

colpal

 

Colgate Palmolive 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 930. 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 943 and close the week around the levels of 957.

Minor support for the stock lies in the zone of 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 1000 to 1020 on upper end.

Dabur Outlook for the Week (August 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for DABUR for the week (August 16, 2016 – August 19, 2016):

DABUR:

 

dabur

 

Dabur closed the week on absolutely flat note.

As we have mentioned last week that minor resistance for the stock lies in the zone of 300. Resistance for the stock lies in the zone of 309 to 311. If the stock manages to close above these levels then the stock can move to the levels of 320 where life time highs for the stock is lying. During the week the stock manages to hit a high of 298 and close the week around the levels of 296.

Support for the stock is lying in the zone of 288 to 290 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 300. Resistance for the stock lies in the zone of 309 to 311. If the stock manages to close above these levels then the stock can move to the levels of 320 where life time highs for the stock is lying.

Broad range for the stock is seen between 283 to 285 on lower end and 310 to 315 on upper end.

Hindustan Unilever Outlook for the Week (August 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (August 16, 2016 – August 19, 2016):

HINDUSTAN UNILEVER:

 

hind

 

HIND Unilever 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 925 to 930. Resistance for the stock lies in the zone of 940 to 950 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 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 935.

Minor support for the stock lies in the zone of 915 to 920. Support for the stock lies in the zone of 890 to 900 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 875 to 880 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 940 to 950 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 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 960 to 970 on upside.

ITC Outlook for the Week (August 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for ITC for the week (August 16, 2016 – August 19, 2016):

ITC:

 

itc

 

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

As we have mentioned last week that support for the stock lies in the zone of 240 to 245 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 230 to 233 where medium term moving averages are lying. During the week the stock manages to hit a low of 246 and close the week around the levels of 254.

Support for the stock lies in the zone of 240 to 245 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 230 to 233 where medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 258 to 262. 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 240 to 242 on downside and 260 to 263 on upside.

Cipla Outlook for the Week (August 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for Cipla for the week (August 16, 2016 – August 19, 2016):

CIPLA:

 

cipla

 

CIPLA closed the week on negative note losing around 3.20%.

As we have mentioned last week that support for the stock lies in the zone of 510 to 520 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. During the week the stock manages to hit a low of 512 and close the week around the levels of 516.

Support for the stock lies in the zone of 510 to 515 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.

Minor resistance for the stock lies in the zone of 520 to 525. 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 500 – 505 on downside to 535 – 540 on upside.

Dr. Reddy Outlook for the Week (August 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (August 16, 2016 – August 19, 2016):

DR. REDDY:

 

drr

 

Dr Reddy closed the week on absolutely flat note.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 3058 and close the week around the levels of 3011.

Minor support for the stock lies in the zone of 2900 to 2920. 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 2900 – 2920 on downside to 3080 – 3100 on upside.

Lupin Outlook for the Week (August 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for Lupin for the week (August 16, 2016 – August 19, 2016):

LUPIN:

 

lupin

 

Lupin closed the week on negative note losing around 5.50%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 1690 to 1710. Resistance for the stock lies in the zone of 1750 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 1800 from where the stock has sold off in the month of March – 2016. During the week the stock manages to hit a high of 1728 and close the week around the levels of 1582.

Minor support for the stock lies in the range of 1540. Support for the stock lies in the zone of 1500 from where the stock broke out of the consolidation zone in the month of June – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 1400 where the stock has made a short term bottom.

Minor resistance for the stock lies in the zone of 1620 to 1640. Resistance for the stock lies in the zone of 1650 to 1670 where long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1750 where the stock has formed a short term top.

Broad range for the stock is seen from 1500 – 1510 on downside to 1650 – 1660 on upside.

Sun Pharma Outlook for the Week (August 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (August 16, 2016 – August 19, 2016):

SUN PHARMA:

 

sun

 

SUN PHARMA closed the week on negative note losing around 4.50%.

As we have mentioned last week that minor support for the stock lies in the zone of 820. 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. During the week the stock manages to hit a low of 785 and close the week around the levels of 800.

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.

Minor resistance for the stock lies in the range of 825 to 830. 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 775 – 780 on lower side to 830 – 835 on upper side.

Wipro Outlook for the Week (August 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for Wipro for the week (August 16, 2016 – August 19, 2016):

WIPRO:

 

wipro

 

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

As we have mentioned last week that 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 553 and close the week around the levels of 544.

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.

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 528 to 530 on downside to 555 to 560 on upside.

HCL Tech Outlook for the Week (August 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for HCL Tech for the week (August 16, 2016 – August 19, 2016):

HCL TECHNOLOGIES:

 

hcl

 

HCL Tech closed the week on negative note losing around 0.90%.

As we have mentioned last week that support for the stock lies in the zone of 800 to 808 where the stock has opened gap up on 03-08-2016 and 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 770 to 780 where the stock has broken out of the short term top and medium term moving averages are lying. During the week the stock manages to hit a low of 806 and close the week around the levels of 814.

Support for the stock lies in the zone of 800 to 808 where the stock has opened gap up on 03-08-2016 and 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 770 to 780 where the stock has broken out of the short term top and medium term moving averages are lying.

Resistance for the stock lies in the zone of 860 to 865 from where the stock has sold off in the month of March – 2016 and April – 2016. If the stock manages to close above these levels then the stock can move to the levels of 890 to 900.

Broad range for the stock in the coming week is seen between 780 to 790 on downside to 830 to 840 on upside.

TCS Outlook for the Week (August 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for TCS for the week (August 16, 2016 – August 19, 2016):

TATA CONSULTANCY SERVICES:

 

tcs

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 2725. Resistance for the stock lies in the zone of 2750 to 2770 from where the stock has sold off in the month of August – 2015 and October – 2015. If the stock manages to close above these levels then the stock can move to the levels of 2820 to 2850. During the week the stock manages to hit a high of 2745 and close the week around the levels of 2738.

Minor support for the stock lies in the zone of 2650 to 2670. Support for the stock lies in the zone of 2580 to 2600 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 2500 to 2520 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 2750 to 2770 from where the stock has sold off in the month of August – 2015 and October – 2015. If the stock manages to close above these levels then the stock can move to the levels of 2820 to 2850.

Broad range for the stock in the coming week is seen between 2620 to 2650 on downside to 2770 to 2800 on upside.

Infosys Outlook for the Week (August 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for Infosys for the week (August 16, 2016 – August 19, 2016):

INFOSYS:

 

infy

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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 1095 and close the week around the levels of 1063.

Support for the stock lies in the zone of 1050 to 1055 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 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 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for SBI for the week (August 16, 2016 – August 19, 2016):

STATE BANK OF INDIA:

 

sbin

 

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

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 248 and close the week around the levels of 243.

Minor support for the stock lies in the zone of 233 to 235. Support for the stock lies in the zone of 220 to 222 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 208 to 210 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 245 to 248 where 500 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 254 to 256.

Broad range for the stock in the coming week can be 230 to 232 on lower side to 250 to 252 on upper side.

Axis Bank Outlook for the Week (August 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for Axis Bank for the week (August 16, 2016 – August 19, 2016):

AXIS BANK:

 

axisbank

 

Axis 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 580 to 590 from where the stock has sold off in the month of August – 2015 and July – 2016. 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 593 and close the week around the levels of 591.

Minor support for the stock lies in the zone of 558 to 562. Support for the stock lies in the zone of 545 to 550 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 510 to 515 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 590 to 600 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 555 – 560 on lower side to 605 – 610 on upper side.

ICICI Bank Outlook for the Week (August 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (August 16, 2016 – August 19, 2016):

ICICI BANK:

 

icici

 

ICICI Bank closed the week on absolutely flat note.

As we have mentioned last week that support for the stock lies in the zone of 237 to 240 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 220 to 222 where the stock has made a short term bottom in the month of June – 2016. During the week the stock manages to hit a low of 238 and close the week around the levels of 246.

Support for the stock lies in the zone of 237 to 240 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 220 to 222 where the stock has made a short term bottom in the month of June – 2016.

Minor resistance for the stock lies in the zone of 250. Resistance for the stock lies in the zone of 258 to 260. If the stock manages to close above these levels then the stock can move to the levels of 270 to 274 where the stock has made a short term top.

Broad range for the stock in the coming week can be 235 – 237 on lower side to 255 – 258 on upper side.

HDFC Bank Outlook for the Week (August 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (August 16, 2016 – August 19, 2016):

HDFC BANK:

 

hdfcbank

 

HDFC Bank closed the week on negative note losing around 1.60%.

As we have mentioned last week that minor support for the stock lies in the zone of 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 1140 to 1150 where medium term moving averages are lying. During the week the stock manages to hit a low of 1219 and close the week around the levels of 1229.

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 1140 to 1150 where medium term moving averages are lying.

Resistance for the stock lies in the range of 1240 to 1250. The stock is trading around the 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 1200 on lower side to 1250 on upper side.

Nifty Energy Outlook for the Week (August 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (August 16, 2016 – August 19, 2016):

NIFTY ENERGY:

 

cnxenergy

 

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

As we have mentioned last week that 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 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 8680 to 8720 from where the index has broken out of the medium term top. During the week the index manages to hit a low of 9241 and close the week around the levels of 9434.

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.

Resistance for the index lies in the zone of 9500 to 9530. If the index manages to close above these levels then the index can move to the levels of 9600 to 9700.

Broad range for the index is seen between 9200 to 9250 on downside to 9600 to 9650 on upside.

Nifty Auto Outlook for the Week (August 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (August 16, 2016 – August 19, 2016):

NIFTY AUTO:

 

cnxauto

 

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

As we have mentioned last week that minor support for the index lies in the zone 9500. Support for the index lies in the zone of 9150 to 9200 where the index has made a short term bottom. If the index manages to close below these levels then the index can drift to the levels of 9000 to 9050 where short term moving averages are lying. During the week the index manages to hit a low of 9433 and close the week around the levels of 9618.

Minor support for the index lies in the zone 9450 to 9500. Support for the index lies in the zone of 9150 to 9200 where the index has made a short term bottom. If the index manages to close below these levels then the index can drift to the levels of 9000 to 9050 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 9850 to 9900. Index is trading around the life – time highs, so virtually no resistance is visible.

Broad range for the index is seen from 9400 to 9450 on downside to 9850 to 9900 on upside.

Nifty Pharma Outlook for the Week (August 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (August 16, 2016 – August 19, 2016):

NIFTY PHARMA:

 

cnxpharma

 

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

As we have mentioned last week that 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. During the week the index manages to hit a high of 11766 and close the week around the levels of 11362.

Support for the index lies in the zone 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 10900 to 11000.

Resistance for the index lies in the zone of 11450 to 11500 where 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 11770 to 11800.

Broad range for the index is seen from 11000 to 11100 on downside to 11500 to 11600 on upside.

Nifty FMCG Outlook for the Week (August 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (August 16, 2016 – August 19, 2016):  

NIFTY FMCG:

 

cnxfmcg

 

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

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 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. During the week the index manages to hit a low of 21789 and close the week around the levels of 22397.

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 medium term moving averages are lying.

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 21800 on downside to 22800 on upside.

Nifty IT Outlook for the Week (August 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (August 16, 2016 – August 19, 2016):

NIFTY IT:

 

cnxit

 

Nifty IT index ended the week on absolutely flat note.

As we have mentioned last week that minor resistance for the index lies in the zone of 11300. Resistance for the index lies in the zone of 11400 to 11500 where the index has opened gap down on 24/06/2016. If the index manages to close above these levels then the index can move to the levels of 11600. During the week the index manages to hit a high of 11302 and close the week around the levels of 11173.

Support for the index lies in the zone of 11050 to 11100 where short term moving averages and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 10800 to 10900.

Minor resistance for the index lies in the zone of 11300. Resistance for the index lies in the zone of 11400 to 11500 where the index has opened gap down on 24/06/2016. If the index manages to close above these levels then the index can move to the levels of 11600.

Broad range for the index in the coming week is seen from 10800 on downside to 11500 on upside.

Nifty Bank Outlook for the Week (August 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (August 16, 2016 – August 19, 2016):

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on absolutely flat note.

As we have mentioned last week that 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 18000 to 18100 where short term moving averages are lying. During the week the index manages to hit a low of 18537 and close the week around the levels of 18963.

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 18000 to 18100 from where the index has broken out.

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 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for Nifty for week (August 16, 2016 – August 19, 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 8500 to 8550. 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. During the week the index manages to hit a low of 8540 and close the week around the levels of 8672.

Minor support for the index lies in the zone of 8500 to 8550. 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 8700 to 8750 levels where the index has made a short term top. 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 – Friday, August 12, 2016

equitypandit_square

Traders Should Go Short At Every Positive Rally In The Market

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that market would see further downfall in days to come. EquityPandit also predicted that some rebounce would be seen but traders should go short at every positive rally in the market and exactly same happened. Indian Stock Market moved sharply negative and saw support right near EquityPandit’s predicted support levels of 8550 levels. BankNifty saw lows right at EquityPandit’s predicted support levels of 18533 like a dot. Finally, Indian Stock Market recovered and closed flat for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in negative zone. We would see further positive bounce but every positive rally would be an opportunity for traders to go short in the Market. Market would see sharp downfall anytime and traders should be in the same direction. Every Positive movement would be temporary as of now and would be considered just a reaction. Sharp downfall has to be seen in the market after some positive reactions. Important Results of Corporate Giants like Cipla, Bank Of India, Hindalco, NMDC, SBI and Sun Pharma would be disclosed today and would affect further market direction for the day.
FIIs were net buyers of Rs.608.35 crores whereas DIIs were net sellers of Rs.621.65 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 8620-8636-8665-8707 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: Aban Offshore, AIA Engineering, Allahabad Bank, Bajaj Electricals, Bank Of India, Bank Of Maharashtra, Bosch Ltd, Central Bank Of India, Cipla, Dena Bank, Divis Laboratories, Glenmark Pharma, Hindalco Industries, Jain Irrigation Systems, Jet Airways, Jindal Saw, Kalpataru Power Transmission, NCC, NHPC, NMDC, Oracle Financial Services Software, PTC India Financial Services, Shree Cement, State Bank Of India, Sun Pharma and United Breweries.

NSE Nifty: (8592) The support for the Nifty is 8550-8530-8496-8470 and the resistance to the up move is at 8620-8636-8665-8707 levels.

NSE BankNifty: (18640) The support for BankNifty is at 18610-18533-18400-18219-18218 and the resistance to the up move is at 18740-18888-19030-19160 levels.

BSE Sensex: (27860) The support for the Sensex is at 27700-27635-27540-27380 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.

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Share Market Tips for – Thursday, August 11, 2016

equitypandit_square

Market Entered 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 traders can go short if Nifty breaches 8626 levels and exactly same happened. Market moved sharply negative after Nifty breached 8626 levels and saw sharp breakdown. Market saw lows right at EquityPandit’s predicted support levels of 27736 for Sensex and 18610 for BankNifty like a dot. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Nifty closed just above EquityPandit’s predicted support levels of 8570. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market has entered into negative zone. Now Market is expected to see further downfall in days to come. Traders should go short at every positive rally in the market. Market may see some rebounce after sharp downfall yesterday but now the trade is to go short in the market. Market is ready to see big downfall in days to come.
FIIs were net buyers of Rs.412.56 crores whereas DIIs were net sellers of Rs.747.27 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 8620-8636-8665-8707 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: Aditya Birla Nuvo, Balrampur Chini, Bank Of Baroda, Godrej Industries, Granules India, Grasim Industries, Gujarat Pipavav, ICRA, IDBI Bank, Ipca Laboratories, IRB Infra, JK Lakshmi Cement, Jyothy Laboratories, KRBL, MRF Ltd, Page Industries, PTC India, REC Ltd. and VIP Industires.

NSE Nifty: (8575) The support for the Nifty is 8550-8530-8496-8470 and the resistance to the up move is at 8620-8636-8665-8707 levels.

NSE BankNifty: (18648) The support for BankNifty is at 18610-18533-18400-18219-18218 and the resistance to the up move is at 18740-18888-19030-19160 levels.

BSE Sensex: (27775) 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.

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Share Market Tips for – Wednesday, August 10, 2016

equitypandit_square

Go Short Only If Nifty Closes Below 8626, Until Then Hold Long Positions

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that if no rate cut is seen then market would consolidate and exactly same happened. Sensex saw highs right near EquityPandit’s predicted resistance levels of 28294 like a dot from where Indian Stock Market saw some correction. Market saw lows right near EquityPandit’s predicted support levels of 8630 for Nifty, 18825 for BankNifty and 27950 for Sensex like a dot. Overall Market consolidated in a rangebound region. 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. Now Market is in a rangebound region. Nifty if closes below 8626, then it would see a sharp breakdown in upcoming days. Traders can hold long positions or go long at dips until Nifty holds 8626 levels by closing. There are strong chances of rebounce if Nifty holds those levels by closing else a sharp breakdown is confirmed. Traders should watch 8626 levels by closing and if it closes below those levels, traders can close all long positions and can take home fresh short positions for huge profits.
FIIs were net buyers of Rs.144.15 crores whereas DIIs were net sellers of Rs.610.15 crores in cash market for last trading session. Nifty would see strong support at 8626-8600-8570-8550 whereas strong resistance would be seen at 8741-8775-8800-8830 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: Adani Enterprises, Adani Transmission, Birla Corporation, Bombay Dyeing, Chambal Fertilisers, City Union Bank, Corporation Bank, Honeywell Automation, HSIL, Indiabulls Real Estate, Indian Hotels, J&K Bank, Mahindra & Mahindra, Motherson Sumi, Punj Lloyd, Suven Life Sciences, Thermax and VST Industries.

NSE Nifty: (8678) The support for the Nifty is 8626-8600-8570-8550 and the resistance to the up move is at 8741-8775-8800-8830 levels.

NSE BankNifty: (18933) The support for BankNifty is at 18825-18610-18533-18400-18218 and the resistance to the up move is at 19010-19070-19160-19300 levels.

BSE Sensex: (28085) The support for the Sensex is at 27950-27870-27736-27660 and the resistance to the up move is at 28185-28294-28340-28500 levels.

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

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Share Market Tips for – Tuesday, August 09, 2016

equitypandit_square

RBI Policy Today, Market Near A big Movement, Go Long At Every Dip

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that market would see a sharp positive rally. EquityPandit also predicted that market would see new 52 weeks high levels and exactly same happened. Indian Stock Market moved sharply positive and saw new 52 weeks high for Nifty. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive above 8700 for Nifty.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive trend. Today is RBI Policy and any positive surprise would would force Nifty to see Lifetime highs. BankNifty would be the biggest beneficiary if market moves positive. If no rate cut is seen then market would consolidate for another few days. Indian VIX (Volatility Index) is near its lowest levels and options are available at very cheap rates. Traders can buy both call and put options for this month series to earn very good profits.
FIIs were net buyers of Rs.1156.19 crores whereas DIIs were net sellers of Rs.876.34 crores in cash market for last trading session. Nifty would see strong support at 8630-8600-8570-8550 whereas strong resistance would be seen at 8741-8775-8800-8830 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: Adani Ports, Adani Power, Apollo tyres, Century Textiles, CCIL, Edelweiss Financial Services, Finolex Cables, Geometric, Godrej Properties, Indian Overseas Bank, JK Tyre, Jubilant Life Sciences, Lupin, Manappuram Finance, Natco Pharma, PFC, Tata Global Beverages and UCO Bank.

NSE Nifty: (8711) The support for the Nifty is 8630-8600-8570-8550 and the resistance to the up move is at 8741-8775-8800-8830 levels.

NSE BankNifty: (18939) The support for BankNifty is at 18825-18610-18533-18400-18218 and the resistance to the up move is at 19070-19160-19300 levels.

BSE Sensex: (28183) The support for the Sensex is at 28110-27950-27870-27736-27660 and the resistance to the up move is at 28294-28340-28500 levels.

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

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Share Market Tips for – Monday, August 08, 2016

equitypandit_square

Market Ready For A Positive Breakout, Go Long At Every Dip

 

Last Trading Session: Indian Stock Market opened positive for the day. Market moved sharply positive and entered into positive trend. Sensex saw strong resistance right at EquityPandit’s predicted resistance levels of 28120. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open gap positive. Technically, Indian Stock Market has entered into positive trend and traders can go long at every dip in the market. Indian Stock Market ready to see a positive breakout now and there are strong chances of market creating new 52 weeks high. Some correction would be seen at every positive rally but every correction would be an opportunity for traders to go long and earn handsome profits. For now, trade is to go long in Nifty, BankNifty and frontline stocks. 8600 would act as strong support for Nifty as of now.
FIIs were net buyers of Rs.435.63 crores whereas DIIs were net buyers of Rs.616.32 crores in cash market for last trading session. Nifty would see strong support at 8600-8570-8550-8530 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: Britannia Industries, Colgate Palmolive, Hero Motocorp, Idea Cellular, Inox Leisure, Max Financial Services, Mcleod Russel, Polaris Consulting, Schneider Electric Infrastructure, Sonata Software and SRF Ltd.

NSE Nifty: (8683) The support for the Nifty is 8600-8570-8550-8530 and the resistance to the up move is at 8707-8741-8775-8800 levels.

NSE BankNifty: (18926) The support for BankNifty is at 18825-18610-18533-18400-18218 and the resistance to the up move is at 19070-19160-19300 levels.

BSE Sensex: (28078) The support for the Sensex is at 27950-27870-27736-27660 and the resistance to the up move is at 28120-28294-28340-28500 levels.

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

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Colgate Palmolive Outlook for the Week (August 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for Colgate Palmolive for the week (August 08, 2016 – August 12, 2016):

COLGATE PALMOLIVE:

 

colpal

 

Colgate Palmolive closed the week on positive note gaining around 2.80%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 988 and close the week around the levels of 960.

Minor support for the stock lies in the zone of 930. 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 1000 to 1020 on upper end.

Dabur Outlook for the Week (August 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for DABUR for the week (August 08, 2016 – August 12, 2016):

DABUR:

 

dabur

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 293 and close the week around the levels of 296.

Support for the stock is lying in the zone of 288 to 290 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 300. Resistance for the stock lies in the zone of 309 to 311. If the stock manages to close above these levels then the stock can move to the levels of 320 where life time highs for the stock is lying.

Broad range for the stock is seen between 286 to 288 on lower end and 310 to 315 on upper end.

Hindustan Unilever Outlook for the Week (August 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (August 08, 2016 – August 12, 2016):

HINDUSTAN UNILEVER:

 

hind

 

HIND Unilever closed the week on positive note gaining around 0.30%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 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 941 and close the week around the levels of 926.

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 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 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 950 to 960 on upside.

ITC Outlook for the Week (August 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for ITC for the week (August 08, 2016 – August 12, 2016):

ITC:

 

itc

 

ITC closed the week on absolutely flat note.

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 262 and close the week around the levels of 253.

Support for the stock lies in the zone of 240 to 245 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 230 to 233 where medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 258 to 262. 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 240 to 242 on downside and 260 to 263 on upside.

Cipla Outlook for the Week (August 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for Cipla for the week (August 08, 2016 – August 12, 2016):

CIPLA:

 

cipla

 

CIPLA 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 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. During the week the stock manages to hit a high of 535 and close the week around the levels of 533.

Support for the stock lies in the zone of 510 to 520 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.

Dr. Reddy Outlook for the Week (August 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (August 08, 2016 – August 12, 2016):

DR. REDDY:

 

drr

 

Dr Reddy closed the week on positive note gaining around 2.50%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 3015 and close the week around the levels of 3009.

Minor support for the stock lies in the zone of 2900 to 2920. 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 2900 – 2920 on downside to 3080 – 3100 on upside.

Lupin Outlook for the Week (August 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for Lupin for the week (August 08, 2016 – August 12, 2016):

LUPIN:

 

lupin

 

Lupin closed the week on negative note losing around 3.70%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 1642 and close the week around the levels of 1675.

Support for the stock lies in the zone of 1640 to 1650 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.

Minor resistance for the stock lies in the zone of 1690 to 1710. Resistance for the stock lies in the zone of 1750 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 1800 from where the stock has sold off in the month of March – 2016.

Broad range for the stock is seen from 1600 – 1620 on downside to 1750 – 1760 on upside.

Sun Pharma Outlook for the Week (August 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (August 08, 2016 – August 12, 2016):

SUN PHARMA:

 

sunpharma

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 855 and close the week around the levels of 842.

Minor support for the stock lies in the zone of 820. 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 810 – 815 on lower side to 860 – 865 on upper side.

Wipro Outlook for the Week (August 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for Wipro for the week (August 08, 2016 – August 12, 2016):

WIPRO:

 

wipro

 

Wipro 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 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 562 and close the week around the levels of 547.

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.

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 530 to 533 on downside to 560 to 565 on upside.

HCL Tech Outlook for the Week (August 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for HCL Tech for the week (August 08, 2016 – August 12, 2016):

HCL TECHNOLOGIES:

 

hcltech

 

HCL Tech closed the week on positive note gaining around 9.10%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 752 and close the week around the levels of 822.

Support for the stock lies in the zone of 800 to 808 where the stock has opened gap up on 03-08-2016 and 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 770 to 780 where the stock has broken out of the short term top and medium term moving averages are lying.

Resistance for the stock lies in the zone of 860 to 865 from where the stock has sold off in the month of March – 2016 and April – 2016. If the stock manages to close above these levels then the stock can move to the levels of 890 to 900.

Broad range for the stock in the coming week is seen between 790 to 800 on downside to 860 to 870 on upside.

TCS Outlook for the Week (August 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for TCS for the week (August 08, 2016 – August 12, 2016):

TATA CONSULTANCY SERVICES:

 

tcs

 

TCS 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 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. During the week the stock manages to hit a high of 2725 and close the week around the levels of 2650.

Minor support for the stock lies in the zone of 2600 to 2620. Support for the stock lies in the zone of 2530 to 2550 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 2430 to 2450 where 200 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 2725. Resistance for the stock lies in the zone of 2750 to 2770 from where the stock has sold off in the month of August – 2015 and October – 2015. If the stock manages to close above these levels then the stock can move to the levels of 2820 to 2850.

Broad range for the stock in the coming week is seen between 2550 to 2570 on downside to 2720 to 2750 on upside.

Infosys Outlook for the Week (August 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for Infosys for the week (August 08, 2016 – August 12, 2016):

INFOSYS:

 

infy

 

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

As we have mentioned last week that support for the stock lies in the zone of 1050 to 1060 where 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 1060 and close the week around the levels of 1068.

Support for the stock lies in the zone of 1050 to 1055 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 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 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for SBI for the week (August 08, 2016 – August 12, 2016):

STATE BANK OF INDIA:

 

sbin

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a low of 223 and close the week around the levels of 233.

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 220 to 222 on lower side to 240 to 243 on upper side.

Axis Bank Outlook for the Week (August 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for Axis Bank for the week (August 08, 2016 – August 12, 2016):

AXIS BANK:

 

axisbank

 

Axis Bank closed the week on positive note gaining around 3.90%.

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 569 and close the week around the levels of 567.

Minor support for the stock lies in the zone of 540. 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.

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 and July – 2016. 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 535 – 540 on lower side to 580 – 585 on upper side.

ICICI Bank Outlook for the Week (August 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (August 08, 2016 – August 12, 2016):

ICICI BANK:

 

icicibank

 

ICICI Bank closed the week on negative note losing around 6.40%.

As we have mentioned last week that minor support for the stock lies in the zone of 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 made a high of 261 below the support zone and close the week around 246.

Support for the stock lies in the zone of 237 to 240 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 220 to 222 where the stock has made a short term bottom in the month of June – 2016.

Minor resistance for the stock lies in the zone of 250. Resistance for the stock lies in the zone of 258 to 260. If the stock manages to close above these levels then the stock can move to the levels of 270 to 274 from where the stock has made a short term top.

Broad range for the stock in the coming week can be 235 – 237 on lower side to 255 – 258 on upper side.

HDFC Bank Outlook for the Week (August 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (August 08, 2016 – August 12, 2016):

HDFC BANK:

 

hdfcbank

 

HDFC Bank closed the week on positive note gaining around 0.20%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 1228 and close the week around the levels of 1249.

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 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (August 08, 2016 – August 12, 2016):

NIFTY ENERGY:

 

cnxenergy

 

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

As we have mentioned last week that 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. During the week the index manages to hit a low of 9120 and close the week around the levels of 9393.

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 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 8680 to 8720 from where the index has broken out of the medium term top.

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 9600 to 9700.

Broad range for the index is seen between 9150 to 9200 on downside to 9550 to 9600 on upside.

Nifty Auto Outlook for the Week (August 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (August 08, 2016 – August 12, 2016):

NIFTY AUTO:

 

cnxauto

 

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

As we have mentioned last week that 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. During the week the index manages to hit a low of 9283 and close the week around the levels of 9739.

Minor support for the index lies in the zone 9500. Support for the index lies in the zone of 9150 to 9200 where the index has made a short term bottom. If the index manages to close below these levels then the index can drift to the levels of 9000 to 9050 where short term moving averages are lying.

The index has close at the life time highs. So virtually no resistance is visible.

Broad range for the index is seen from 9500 to 9550 on downside to 9950 to 1000 on upside.

Nifty Pharma Outlook for the Week (August 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (August 08, 2016 – August 12, 2016):

NIFTY PHARMA:

 

cnxpharma

 

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

As we have mentioned last week that support for the index lies in the zone of 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. During the week the index manages to hit a low of 11478 and close the week around the levels of 11679.

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 11400 to 11500 on downside to 12000 to 12100 on upside.

Nifty FMCG Outlook for the Week (August 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (August 08, 2016 – August 12, 2016):  

NIFTY FMCG:

 

cnxfmcg

 

Nifty FMCG 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 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. During the week the index manages to hit a high of 22692 and close the week around the levels of 22152.

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.

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 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (August 08, 2016 – August 12, 2016):

NIFTY IT:

 

cnxit

 

Nifty IT index ended the week on positive note gaining around 2.10%.

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 11307 and close the week around the levels of 11137.

Support for the index lies in the zone of 11050 to 11100 where short term moving averages and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 10800 to 10900.

Minor resistance for the index lies in the zone of 11300. Resistance for the index lies in the zone of 11400 to 11500 where the index has opened gap down on 24/06/2016. If the index manages to close above these levels then the index can move to the levels of 11600.

Broad range for the index in the coming week is seen from 10800 on downside to 11500 on upside.

 

Nifty Bank Outlook for the Week (August 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (August 08, 2016 – August 12, 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 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 19078 and close the week around the levels of 18926.

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 18000 to 18100 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 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for Nifty for week (August 08, 2016 – August 12, 2016):

NIFTY:

 

nifty

 

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

As we have mentioned last week that resistance for the index lies in the zone of 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 8711 and close the week around the levels of 8683.

Minor support for the index lies in the zone of 8500 to 8550. 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 8650 to 8700 levels where the index has made a short term top. 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 8500 on downside to 8850 on upside.

Share Market Tips for – Wednesday, August 03, 2016

equitypandit_square

Market Forming Bearish Pattern, Go Short At Every Positive Rally

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat. EquityPandit predicted that BankNifty has entered into negative trend and traders should go short at every positive movement in the market and exactly same happened. Indian Stock Market opened flat and moved sharply positive. Market was unable to hold higher levels and fell down sharply. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open negative. Technically, Nifty is still in positive zone but BankNifty has entered into negative region. Now Nifty is also expected to enter negative zone soon. Today, GST Bill would be discussed in Rajya Sabha. GST Bill news is already priced in and once the news is disclosed, market would move Sharply positive with a jerk but this positive rally would not last long. We expect that market would see deep correction after this positive jerk. Traders can go short in BankNifty at every positive rally. Once Nifty closes below 8578 levels, market would see a sharp breakdown. So first sign of weakness after GST should be sold into.
FIIs were net buyers of Rs.536.27 crores whereas DIIs were net sellers of Rs.383.23 crores in cash market for last trading session. Nifty would see strong support at 8600-8570-8550-8530-8496 whereas strong resistance would be seen at 8670-8707-8741-8775 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: Bata India, Berger Paints, Cadila Healthcare, Dishman Pharma, Emami, Entertainment Network, Gulf Oil Lubricants, HCL Technologies, Kajaria Ceramics, Orient Cement, PC Jeweller, Ramco Systems, Titan and TTK Prestige.

NSE Nifty: (8623) The support for the Nifty is 8600-8570-8550-8530-8496 and the resistance to the up move is at 8707-8741-8775-8800 levels.

NSE BankNifty: (18708) The support for BankNifty is at 18610-18533-18400-18218 and the resistance to the up move is at 18825-19070-19160-19300 levels.

BSE Sensex: (27982) The support for the Sensex is at 27870-27736-27660 and the resistance to the up move is at 28060-28120-28294-28340 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.

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Share Market Tips for – Tuesday, August 02, 2016

equitypandit_square

Market May See Sharp Breakdown If Nifty Closes Below 8578 Levels

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that Nifty would consolidate until GST Bill news is out. EquityPandit also predicted that BankNifty would move sharply negative once it breaches levels of 18818 and exactly same happened. Indian Stock Market moved sharply positive but saw strong resistance near EquityPandit’s predicted resistance levels of 8707 for Nifty, 19070 for BankNifty and 28294 for Sensex. Finally, Nifty and Sensex closed flat but Banknifty saw huge pressure and closed gap negative for the day.

Today: Indian Stock Market would open flat. Technically, Nifty is still in positive trend but BankNifty has entered into negative region. Now if Nifty closes below 8578 levels, then we could see sharp downfall. Once any positive news comes in respect of GST Bill, Market would see a sharp positive movement but it looks that GST bill is already priced in, so market would not sustain higher levels. First sign of weakness after GST Bill would be an strong opportunity for traders to go short in the market. For now, traders can go short in BankNifty at every positive rally and can hold long positions in Nifty until it holds 8578 levels by closing.
FIIs were net buyers of Rs.726.22 crores whereas DIIs were net sellers of Rs.413.77 crores in cash market for last trading session. Nifty would see strong support at 8600-8570-8550-8530-8496 whereas strong resistance would be seen at 8670-8707-8741-8775 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: EIH Ltd, Indian Bank, JM Financial, Tata Investment Corporation, Torrent Power, Voltas, Wonderla Holidays and Zydus Wellness.

NSE Nifty: (8637) The support for the Nifty is 8600-8570-8550-8530-8496 and the resistance to the up move is at 8707-8741-8775-8800 levels.

NSE BankNifty: (18740) The support for BankNifty is at 18610-18533-18400-18218 and the resistance to the up move is at 18825-19070-19160-19300 levels.

BSE Sensex: (28003) The support for the Sensex is at 27870-27736-27660 and the resistance to the up move is at 28060-28120-28294-28340 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 – Monday, August 01, 2016

equitypandit_square

Buy At Dips Until Nifty Holds 8578 By closing

 

Last Trading Session: Indian Stock Market opened flat with BankNifty opening negative for the day. EquityPandit predicted that market would see sharp correction but traders should buy at dips. EquityPandit also predicted that market would consolidate until GST Bill news comes out and exactly same happened. Major Index like Nifty and Sensex consolidated for the whole day whereas BankNifty moved sharply negative exactly as predicted by equityPandit. Finally, Indian Stock Market closed negative for the day as per EquityPandit’s predictions.

Today: Indian Stock Market would open gap positive. Technically, Indian Stock Market is still in positive trend and traders can hold long positions. Traders who followed EquityPandit’s advice to go long at correction in last trading session would get good opportunity to book profits. Market would still consolidate and the next trigger would be the GST Bill News that would decide the further market direction. Nifty if closes below 8578, then it would enter into negative zone whereas BankNifty would enter into negative trend only once it closes below 18818. So if this happens, then traders should initiate fresh short positions. Until then traders can buy at dips and hold long positions.
FIIs were net sellers of Rs.14.02 crores whereas DIIs were net buyers of Rs.148.34 crores in cash market for last trading session. Nifty would see strong support at 8600-8570-8550-8530-8496 whereas strong resistance would be seen at 8670-8707-8741-8775 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: Blue Star, Delta Corp, Interglobe Aviation, Piramal Enterprises, Tata Communications, Tech Mahindra, VRL Logistics.

NSE Nifty: (8639) The support for the Nifty is 8600-8570-8550-8530-8496 and the resistance to the up move is at 8707-8741-8775-8800 levels.

NSE BankNifty: (18953) The support for BankNifty is at 18880-18610-18533 and the resistance to the up move is at 19070-19160-19300-19410 levels.

BSE Sensex: (28052) The support for the Sensex is at 27915-27736-27660 and 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