Share Market Tips for – Friday, September 30, 2016

equitypandit_square

Go Long Around 8550 With Stoploss Of 8500 For Nifty, Short If Nifty Breaches 8500 Levels.

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that market is still in negative zone but some positive momentum is generating, so traders can initiate long with strict stoploss of 8688 levels. EquityPandit also predicted that market will see sharp downfall if Nifty breaches 8688 levels and exactly same happened. Indian Stock Market moved positive but highs right at EquityPandit’s predicted resistance levels of 8800 for Nifty like a dot. Indian Stock Market fell down sharply from there on Indo-Pak news and breached EquityPandit’s suggested levels of 8688 for Nifty. Breaching 8688 levels force Nifty to see a sharp downfall as per EquityPandit’s predictions and saw lows of 8558 levels. Traders, who followed EquityPandit’s advice might have earned whopping profits on both sides of trades. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open negative. Technically, Indian Stock Market is still in negative zone but market would see a bounce at lower levels near support in reaction to yesterday’s downfall. FIIs and DIIs have seen huge buying in yesterday’s downfall and that suggests that this downfall was temporary in nature. Nifty is lying near its major support level of 8500. 8500 is a make or break level on closing basis. If Nifty closes below those levels then a breakdown would be seen in the market and we can even see levels of 8200-8000-7700 in days to come. But traders can take a chance here. Traders can go long near 8550 levels for Nifty with strict stoploss of 8500 on closing basis. There are strong chances for Market to see a bounce near those levels. So, traders can go long until Nifty holds 8500 and short once Nifty closes below 8500 levels. If Nifty holds 8500 for next couple of days then we would see a sharp positive rally.
FIIs were net buyers of Rs.3413.37 crores whereas DIIs were net buyers of Rs.1630.88 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

NSE Nifty: (8591) 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: (19184) The support for BankNifty is at 19166-19060-18950-18825 and the resistance to the up move is at 19350-19435-19490-19660 levels.

BSE Sensex: (27828) 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.

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Share Market Tips for – Thursday, September 29, 2016

equitypandit_square

Market Generating Positive Momentum, Initiate Long With Stoploss Of 8688 For Nifty

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that Market is in negative zone but further downfall would be seen only once Nifty breaches its support of 8688 levels. Indian Stock Market managed to hold EquityPandit’s support levels of 8688 for Nifty, 19484 for BankNifty and 28183 level for Sensex. EquityPandit moved positive on note of short covering but saw strong resistance near EquityPandit’s predicted resistance levels of 28372 levels for Sensex and 8775 levels for Nifty. Finally, Indian Stock Market closed positive for the day. BankNifty closed right below EquityPandit’s predicted resistance levels of 19660.

Today: Indian Stock Market would open gap positive. Technically, Indian Stock Market is still in negative zone but would see positive rally on the news of Oil prices surge due to OPEC production cut deal. Today is F&O Expiry and we would see huge volatility. Market would see reversal, if it closes above 8808 levels for Nifty and 19860 levels for BankNifty. Nifty posseses strong support at 8688 levels and breach of 8688 would force market to see sharp downfall but for now market is generating positive momentum and traders can buy at dips with stoploss of 8688 levels for Nifty.
FIIs were net buyers of Rs.73.83 crores whereas DIIs were net sellers of Rs.69.53 crores in cash market for last trading session. Nifty would see strong support at 8688-8665-8620-8600-8570 whereas strong resistance would be seen at 8775-8800-8830-8900 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: (8745) The support for the Nifty is 8688-8665-8620-8600-8570 and the resistance to the up move is at 8775-8800-8830-8900 levels.

NSE BankNifty: (19654) The support for BankNifty is at 19484-19400-19299-19166 and the resistance to the up move is at 19808-19965-20060 levels.

BSE Sensex: (28293) The support for the Sensex is at 28183-28110-27950-27840 and the resistance to the up move is at 28372-28420-28500-28660-28780 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, September 28, 2016

equitypandit_square

Market Still Negative, Hold Short Positions As Of Now

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that market would see some bounce but traders should consider that positive rally as an opportunity to sell into the market. EquityPandit predicted that traders should go for short sell in the market at every positive rally and exactly same happened. Indian Stock Market moved positive and saw strong resistance near EquityPandit’s predicted resistance levels of 8775 for Nifty and 28420 for Sensex. Indian Stock Market fell sharply from there as per EquityPandit’s predictions and saw lows right at EquityPandit’s predicted support levels of 8688 for Nifty and 19484 for BankNifty like a dot. 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 flat with negative bias. Technically, Indian Stock Market is still in negative zone. Now market is near strong support of 8688 levels. Closing below those levels would force market to see a sharp downfall. Traders should still hold short positions as of now. This downfall is a correction to the positive rally and would not last long but traders should hold the short positions until the reversal is seen. If levels of 8688 is breached for Nifty then Next target would be 8620-8580-8500 for Nifty and 19200-19000 for BankNifty. For now, trade is to go short at every positive rally.
FIIs were net sellers of Rs.155.76 crores whereas DIIs were net buyers of Rs.90.67 crores in cash market for last trading session. Nifty would see strong support at 8688-8665-8620-8600-8570 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

NSE Nifty: (8706) The support for the Nifty is 8688-8665-8620-8600-8570 and the resistance to the up move is at 8741-8775-8800-8830 levels.

NSE BankNifty: (19519) 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: (28224) The support for the Sensex is at 28183-28110-27950-27840 and the resistance to the up move is at 28372-28420-28500-28660-28780 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, September 27, 2016

equitypandit_square

Market In Negative Zone, Go Short At Every Positive Rally

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative for the day. EquityPandit predicted that market has no fuel left to see positive rally and there is strong chance for market to enter into negative zone. EquityPandit also predicted that if BankNifty breaches levels of 19838 or Nifty breaches levels of 8980 then we would see a sharp downfall and traders should initiate shortsell in the market and exactly same happened. Indian Stock Market moved negative breaching EquityPandit’s predicted reversal levels. Market saw a sharp downfall after breaching EquityPandit’s levels. Traders who followed EquityPandit’s advice might have earned whopping profits for the day. Nifty saw lows right at EquityPandit’s predicted support levels of 8713 like a dot. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market entered into negative zone. Market to see some bounce after yesterday’s downfall but traders who initiated short positions yesterday on EquityPandit’s advice might be in good profits as of now and should continue to hold short positions. Market is in correction mode. Now BankNifty would see some support at 19500 levels where maximum open interest is been seen. Some bounce may be seen from those levels but overall every positive rally would be an opportunity for traders to go short. Closing below levels of 19500 for BankNifty would take the index near 19200-19100 levels. Nifty if breaches levels of 8700, it would move towards EquityPandit’s target of 8600-8500 levels. 8500 would be very strong support for Nifty. This downfall would not last very long as we can see very high premiums in Index futures and in Index Call options. We have also seen strength in smallcap and midcap stocks that suggest that this downfall is a mere correction after a big positive rally. But For now, traders should hold short positions in the market.
FIIs were net sellers of Rs.206.40 crores whereas DIIs were net sellers of Rs.113.35 crores in cash market for last trading session. Nifty would see strong support at 8688-8665-8630-8600-8570 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

NSE Nifty: (8723) The support for the Nifty is 8688-8665-8630-8600-8570 and the resistance to the up move is at 8741-8775-8800-8830 levels.

NSE BankNifty: (19592) 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: (28294) The support for the Sensex is at 28250-28183-28110-27950 and the resistance to the up move is at 28372-28420-28500-28660-28780 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, September 26, 2016

equitypandit_square

Market Lying Near Supports, Breach Of Support Would suggest Sharp Downfall

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. Equitypandit predicted that market is still in positive zone but it has formed a doji pattern that suggest reversal. EquityPandit suggested traders to hold long positions until Nifty and BankNifty breaches EquityPandit’s support of 8780 for Nifty and 19838 levels for BankNifty. Indian Stock Market moved positive but was not able to sustain higher levels and fell down sharply. BankNifty saw lows right near EquityPandit’s predicted support levels of 19870. Overall Market managed to close above EquityPandit support but closed gap negative for the day.

Today: Indian Stock Market would open negative. Technically, Indian Stock Market is still in positive zone but market has no fuel left to see positive rally. Market may see some bounce from day lows but there is strong chances of Market to enter into negative zone again and if that happens, market would see sharp downfall. Huge Volatility would be seen in F&O Expiry week. Traders can hold long positions as of now but only with strict stoploss of 8780 for Nifty and 19838 spot levels for BankNifty on closing basis. Once Market closes below these levels, Market would surely see a sharp downfall. Overall market is positive for now, traders should book profits at higher levels and initiate fresh short positions, if Nifty and BankNifty closes below EquityPandit’s suggested reversal levels.
FIIs were net sellers of Rs.299.98 crores whereas DIIs were net sellers of Rs.498.14 crores in cash market for last trading session. Nifty would see strong support at 8800-8780-8750-8713 whereas strong resistance would be seen at 8900-8970-9000-9120 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: (8832) The support for the Nifty is 8800-8780-8750-8713 and the resistance to the up move is at 8900-8970-9000-9120 levels.

NSE BankNifty: (19902) The support for BankNifty is at 19870-19838-19730-19595 and the resistance to the up move is at 20140-20265-20350-20460 levels.

BSE Sensex: (28668) The support for the Sensex is at 28650-28500-28420-28370 and the resistance to the up move is at 28870-28950-29070-29264 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 (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for Colgate Palmolive for the week (September 26, 2016 – September 30, 2016) :

COLGATE PALMOLIVE:

 

colpal

 

Colgate Palmolive closed the week on positive note gaining around 0.90%.

As we have mentioned last week that minor support for the stock lies in the zone of 967 to 970 levels. Support for the stock lies in the zone of 948 to 955 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 920 to 930 where the stock has formed a bottom in the month of July – 2016. During the week the stock manages to hit a low of 955 and close the week around the levels of 979.

Minor support for the stock lies in the zone of 967 to 970 levels. Support for the stock lies in the zone of 948 to 955 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 920 to 930 where the stock has formed a bottom in the month of July – 2016.

Minor resistance for the stock lies in the zone of 990 to 1000. If the stock manages to close above these levels then the stock can move to the levels of 1030 where the stock has formed a top in the month of August – 2016.

Broad range for the stock is seen between 945 to 950 on lower end and 1000 to 1010 on upper end.

Dabur Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for DABUR for the week (September 26, 2016 – September 30, 2016) :

DABUR:

 

dabur

 

Dabur closed the week on negative note losing around 3.60%.

As we have mentioned last week that support for the stock is lying in the zone of 282 to 285 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 275 to 277 where 200 Daily SMA is lying. During the week the stock manages to hit a low of 281 and close the week around the levels of 282.

Support for the stock is lying in the zone of 280 to 282 where the stock has formed a bottom in the month of August – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 275 to 277 where 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 292 to 295 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 top in the month of August – 2016.

Broad range for the stock is seen between 274 to 276 on lower end and 290 to 292 on upper end.

Hindustan Unilever Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (September 26, 2016 – September 30, 2016) :

HINDUSTAN UNILEVER:

 

hind

 

HIND Unilever closed the week on absolutely flat note.

As we have mentioned last week that support for the stock lies in the zone of 895 to 900 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 865 to 870 where long 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 911.

Support for the stock lies in the zone of 895 to 900 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 865 to 870 where long 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 950 to 955 where the stock has made a double top pattern. 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 935 to 940 on upside.

ITC Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for ITC for the week (September 26, 2016 – September 30, 2016) :

ITC:

 

itc

 

ITC closed the week on negative note losing around 2.70%.

As we have mentioned last week that minor support for the stock lies in the zone of 255 to 257. Support for the stock lies in the zone of 250 to 252 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. During the week the stock manages to hit a low of 252 and close the week around the levels of 253.

Support for the stock lies in the zone of 250 to 252 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 244 to 246 where medium term moving averages are lying and the stock has bounced couple of times from these levels in the month of July – 2016 and August – 2016.

Minor resistance for the stock lies in the zone of 256 to 258. Resistance for the stock lies in the zone of 264 to 266. If the stock manages to close above these levels then the stock can move to the levels of 280 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 242 to 244 on downside and 262 to 264 on upside.

Cipla Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for Cipla for the week (September 26, 2016 – September 30, 2016) :

CIPLA:

 

cipla

 

CIPLA closed the week on positive note gaining around 3.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 595 to 600 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 610 to 615 where 500 Daily SMA is lying. During the week the stock manages to hit a high of 618 and close the week around the levels of 611.

Minor support for the stock lies in the zone of 595 to 600. Support for the stock lies in the zone of 575 to 580. Support for the stock lies in the zone of 558 to 562 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 610 to 615 where 500 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 650 to 660 from where the stock has sold off in the month of December – 2015.

Broad range for the stock is seen in the range of 580 – 585 on downside to 620 – 625 on upside.

Dr. Reddy Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (September 26, 2016 – September 30, 2016) :

DR. REDDY:

 

drr

 

Dr Reddy 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 3180 to 3210. Resistance for the stock lies in the zone of 3250 to 3280 from where the stock has opened gap down. If the stock manages to close above these levels then the stock can move to the levels of 3500 to 3600. During the week the stock manages to hit a high of 3200 and close the week around the levels of 3182.

Support for the stock lies in the zone of 3100 to 3130 where short term and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 3050 to 3070 from where the stock broke out of 1 month of consolidation.

Minor resistance for the stock lies in the zone of 3210 to 3230. Resistance for the stock lies in the zone of 3250 to 3280 from where the stock has opened gap down. If the stock manages to close above these levels then the stock can move to the levels of 3500 to 3600.

Broad range for the stock is seen from 3050 – 3080 on downside to 3230 – 3250 on upside.

Lupin Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for Lupin for the week (September 26, 2016 – September 30, 2016) :

LUPIN:

 

lupin

 

Lupin closed the week on negative note losing around 3.10%.

As we have mentioned last week that minor support for the stock lies in the zone of 1520. Support for the stock lies in the zone of 1480 to 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 medium term bottom. During the week the stock manages to hit a low of 1484 and close the week around the levels of 1490.

Support for the stock lies in the zone of 1480 to 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 bottom in the month of June – 2016.

Minor resistance for the stock lies in the zone of 1520. Resistance for the stock lies in the zone of 1560 to 1580 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 1520 – 1530 on upside.

Sun Pharma Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (September 26, 2016 – September 30, 2016) :

SUN PHARMA:

 

sun

 

SUN PHARMA 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 780 to 785 where short 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 755 to 760 from where the stock has bounced in the month of August – 2016. During the week the stock manages to hit a low of 776 and close the week around the levels of 780.

support for the stock lies in the zone of 770 to 780 where short 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 755 to 760 from where the stock has bounced in the month of August – 2016.

Minor resistance for the stock lies in the zone of 800. 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 February – 2016.

Broad range for the stock in the coming week can be 755 – 760 on lower side to 800 – 805 on upper side.

Wipro Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for Wipro for the week (September 26, 2016 – September 30, 2016) :

WIPRO:

 

wipro

 

Wipro closed the week on positive note gaining around 0.20%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 476 and close the week around the levels of 480.

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.

Minor resistance for the stock lies in the zone of 495. 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 460 to 465 on downside to 495 to 500 on upside.

HCL Tech Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for HCL Tech for the week (September 26, 2016 – September 30, 2016) :

HCL TECHNOLOGIES:

 

hcl

 

HCL Tech closed the week on positive note gaining around 1.40%.

As we have mentioned last week that support for the stock lies in the zone of 770 to 780 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 750. During the week the stock manages to hit a low of 782 and close the week around the levels of 797.

Support for the stock lies in the zone of 770 to 780 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 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 770 to 780 on downside to 820 to 830 on upside.

TCS Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for TCS for the week (September 26, 2016 – September 30, 2016) :

TATA CONSULTANCY SERVICES:

 

tcs

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 2400 to 2420 from where the stock has broken down the double bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 2450 to 2475 where 200 Daily SMA is lying. During the week the stock manages to hit a high of 2428 and close the week around the levels of 2398.

Minor support for the stock lies in the zone of 2350 to 2360. Support for the stock lies in the zone of 2290 to 2310 where the stock has formed a bottom in early part of September – 2016. If the stock manages to close below these levels then the 2120 to 2150 where the stock has formed a bottom in the month of February – 2016.

Resistance for the stock lies in the zone of 2400 to 2420 from where the stock has broken down the double bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 2450 to 2475 where 200 Daily SMA is lying.

Broad range for the stock in the coming week is seen between 2280 to 2300 on downside to 2420 to 2450 on upside.

Infosys Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for Infosys for the week (September 26, 2016 – September 30, 2016) :

INFOSYS:

 

infy

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 1050 to 1060. Resistance for the stock lies in the zone of 1085 to 1095. 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 1069 and close the week around the levels of 1043.

Minor support for the stock lies in the zone of 1025 to 1032. 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 1085 to 1095. 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 1025 to 1030 on downside to 1080 to 1090 on upside.

SBI Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for SBI for the week (September 26, 2016 – September 30, 2016) :

STATE BANK OF INDIA:

 

sbin

 

SBIN closed the week on absolutely flat note.

As we have mentioned last week that minor support for the stock lies in the zone of 250 to 252. 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 238 to 240 where short term moving averages are lying. During the week the stock manages to hit a low of 251 and close the week around the levels of 255.

Minor support for the stock lies in the zone of 250 to 252. 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 238 to 240 where short term moving averages are lying.

Minor resistance for the stock lies in the zone of 262 to 264. Resistance for the stock lies in the zone of 272 to 275. If the stock manages to close above these levels then the stock can move to the levels of 288 to 290 from where the stock has sold off in the month of August – 2015.

Broad range for the stock in the coming week can be 245 to 247 on lower side to 264 to 266 on upper side.

Axis Bank Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for Axis Bank for the week (September 26, 2016 – September 30, 2016) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on negative note losing around 7.40%.

As we have mentioned last week that resistance for the stock lies in the zone of 610 to 615. If the stock manages to close above these levels then the stock can move to the levels of 640 to 650 where life time high for the stock is lying. During the week the stock manages to hit a high of 612 and close the week around the levels of 557.

Support for the stock lies in the zone of 545 to 550 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 510 to 515 where long term moving averages are lying.

Resistance for the stock lies in the zone of 575 to 580 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 610 to 615.

Broad range for the stock in the coming week can be 540 – 545 on lower side to 580 – 585 on upper side.

ICICI Bank Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (September 26, 2016 – September 30, 2016) :

ICICI BANK:

 

icici

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 275 to 277. If the stock manages to close above these levels then the stock can move to the levels of 282 to 284 where long term weekly moving averages are lying. During the week the stock manages to hit a high of 278 and close the week around the levels of 271.

Minor support for the stock lies in the zone of 265 to 267. Support for the stock lies in the zone of 260 to 262 where short term moving averages are lying. If the stock manages to close below these levels then the index can drift to the levels of 248 to 250 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 275 to 277. If the stock manages to close above these levels then the stock can move to the levels of 282 to 284 where long term weekly moving averages are lying.

Broad range for the stock in the coming week can be 258 – 260 on lower side to 278 – 280 on upper side.

HDFC Bank Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (September 26, 2016 – September 30, 2016) :

HDFC BANK:

 

hdfc

 

HDFC Bank 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 1300 to 1305. If the stock manages to close above these levels then the stock can move to the levels of 1350. The stock is trading around the life time highs so virtually no resistance for the stock is lying. During the week the stock manages to hit a high of 1318 and close the week around the levels of 1313.

Minor support for the stock lies in the zone of 1300 from where the stock has broken out of double top pattern. If the stock manages to close below these levels then the stock can drift to the levels of 1270 to 1280.

Minor resistance for the stock lies in the zone of 1318 to 1320. If the stock manages to close above these levels then the stock can move to the levels of 1350. The stock is trading around the life time highs so virtually no resistance for the stock is lying.

Broad range for the stock in the coming week can be 1280 on lower side to 1325 on upper side.

Nifty Energy Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (September 26, 2016 – September 30, 2016) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on positive note gaining around 2.50%.

As we have mentioned last week that resistance for the index lies in the zone of 9700 to 9750 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 9850 to 9900. During the week the index manages to hit a high of 9934 and close the week around the levels of 9886.

Support for the index lies in the zone of 9740 to 9760 from where the index has broken out of the double top pattern. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 where short term moving averages are lying.

Resistance for the index lies in the zone of 9950 to 10000. If the index manages to close above these levels then the index can move to the levels of 10500.

Broad range for the index is seen between 9650 to 9700 on downside to 10100 to 10200 on upside.

Nifty Auto Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (September 26, 2016 – September 30, 2016) :

NIFTY AUTO:

 

auto

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 10250 to 10300. Resistance for the index lies in the zone of 10500. As the index is trading at the all time highs virtually no resistance is visible. During the week the index manages to hit a high of 10282 and close the week around the levels of 10225.

Minor support for the index lies in the zone 10000 to 10100. Support for the index lies in the zone of 9850 to 9900 where the index has broke out of the top made in the month of August – 2016. If the index manages to close below these levels then the index can drift to the levels of 9550 to 9600 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 10250 to 10300. Resistance for the index lies in the zone of 10500. As the index is trading at the all time highs virtually no resistance is visible.

Broad range for the index is seen from 9800 to 9850 on downside to 10500 to 10600 on upside.

Nifty Pharma Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (September 26, 2016 – September 30, 2016) :

NIFTY PHARMA:

 

pharma

 

Nifty PHARMA index closed the week on positive note gaining around 0.60%.

As we have mentioned last week that support for the index lies in the zone of 11600 to 11700 where long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 11300 to 11400 where short term and medium term moving averages are lying. During the week the index manages to hit a low of 11704 and close the week around the levels of 11799.

Support for the index lies in the zone of 11600 to 11700 where long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 11300 to 11400 where short term and medium term moving averages are lying.

Resistance for the index lies in the zone of 12050 to 12100 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 12500.

Broad range for the index is seen from 11400 to 11500 on downside to 12100 to 12200 on upside.

Nifty FMCG Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (September 26, 2016 – September 30, 2016) :  

NIFTY FMCG:

 

fmcg

 

Nifty FMCG index closed the week on negative note losing around 2.00%.

As we have mentioned last week that resistance for the index lies in the zone of 23000 to 23100. If the index manages to close above these levels then the index can move to the levels of 23500. During the week the index manages to hit a high of 22904 and close the week around the levels of 22316.

Support for the index lies in the zone of 22100 to 22200 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 21600 to 21700 from where the index has bounced in the month of July – 2016 and August – 2016.

Minor resistance for the index lies in the zone of 22600. Resistance for the index lies in the zone of 23000 to 23100. If the index manages to close above these levels then the index can move to the levels of 23500.

Broad range for the index in the coming week is seen from 21600 to 21700 on downside to 22600 to 22700 on upside.

Nifty IT Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (September 26, 2016 – September 30, 2016) :

NIFTY IT:

 

it

 

Nifty IT index ended the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 10500 to 10600 from where the index has broken down from the short term bottom. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 where short term and long term moving averages are lying. During the week the index manages to hit a high of 10531 and close the week around the levels of 10391.

Minor support for the index lies in the zone of 10250 to 10300. Support for the index lies in the zone of 10000 to 10100 from where the index has bounced in the month of February – 2016. The index has seen a major breakdown and no support is visible. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9600.

Resistance for the index lies in the zone of 10500 to 10600 from where the index has broken down from the double bottom pattern. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 where long term moving averages are lying.

Broad range for the index in the coming week is seen from 10000 to 10100 on downside to 10600 to 10700 on upside.

Nifty Bank Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (September 26, 2016 – September 30, 2016) :

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on absolutely flat note.

As we have mentioned last week that minor resistance for the index lies in the zone of 20200 to 20250. Resistance for the index lies in the zone of 20500 to 20600. If the index manages to close above these levels then the index can move to the levels of 20900 to 21000 where life time high of the index is lying. During the week the index manages to hit a high of 20265 and close the week around the levels of 19902.

Minor support for the index lies in the zone of 19700 to 19750. Support for the index lies in the zone of 19500 to 19550 from where the index broke out of the top made in the month of August – 2016. If the index manages to close below these levels then the index can drift to the levels of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation.

Minor resistance for the index lies in the zone of 20200 to 20250. Resistance for the index lies in the zone of 20500 to 20600. If the index manages to close above these levels then the index can move to the levels of 20900 to 21000 where life time high of the index is lying.

Range for the week is seen from 19400 to 19500 on downside to 20300 to 20400 on upside.

Nifty Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for Nifty for week (September 26, 2016 – September 30, 2016):

NIFTY:

 

nifty

 

Nifty ended the week on positive note gaining around 0.60%.

As we have mentioned last week that support for the index lies in the zone of 8680 to 8710 from where the index broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where short term moving averages are lying. During the week the index manages to hit a low of 8757 and close the week around the levels of 8831.

Support for the index lies in the zone of 8680 to 8710 from where the index broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 8850. Resistance for the index lies in the zone of 8950 to 9000. If the index manages to close above these levels then the index can move to the levels of 9100 where life time high for the index is lying.

Broad range for the week is seen from 8600 on downside to 9000 on upside.

Share Market Tips for – Friday, September 23, 2016

equitypandit_square

Market In Positive Zone, Hold Long Positions

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that Indian Stock Market would see sharp positive movement and traders can take long positions home if BankNifty closes above 20091 levels and exactly same happened. Indian Stock Market moved sharply positive but saw strong resistance right near EquityPandit’s predicted resistance levels of 28880 for Sensex and 8900 levels for Nifty. Market rebounded from there and fell down sharply but managed to close gap positive for the day. Traders, who followed EquityPandit’s advice might have earned huge profits for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone and traders can hold long positions as of now. Now Indian Stock Market is in positive momentum and there are strong chances that market may breach levels of 9000 for Nifty or even see new all-time highs in upcoming days if it manages to hold 8780 levels for Nifty on closing basis. Traders can hold long positions with strict stoploss of 8780 levels for Nifty and 19838 levels for BankNifty on Closing basis. Nifty has formed a Doji Pattern, that suggest that a sharp positive rally would be seen if Nifty breaches levels of 8894 levels whereas a sharp negative rally would be seen if Nifty breaches 8837 levels.
FIIs were net buyers of Rs.336.87 crores whereas DIIs were net buyers of Rs.310.35 crores in cash market for last trading session. Nifty would see strong support at 8800-8780-8750-8713 whereas strong resistance would be seen at 8900-8970-9000-9120 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: (8867) The support for the Nifty is 8800-8780-8750-8713 and the resistance to the up move is at 8900-8970-9000-9120 levels.

NSE BankNifty: (20110) The support for BankNifty is at 20000-19900-19870-19730 and the resistance to the up move is at 20265-20350-20460-20575 levels.

BSE Sensex: (28773) The support for the Sensex is at 28716-28650-28420 and the resistance to the up move is at 28870-28950-29070-29264 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, September 22, 2016

equitypandit_square

Market To See Sharp Positive Movement, Watch The Right Entry and Exit Points

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that some correction would be seen in Indian Stock Market but traders should go long at dips near support of 8750 levels. EquityPandit also predicted that market would consolidate for now and exactly same happened. Indian Stock Market moved positive but saw strong resistance right below EquityPandit’s predicted resistance levels of 28700 for Sensex and 8830 for Nifty like a dot. Market was not able to breach EquityPandit’s resistance and fell down sharply to see lows near EquityPandit’s predicted support levels of 8750 for Nifty and 19730 levels for BankNifty. Finally Indian Stock Market recovered from day lows and managed to close flat for the day.

Today: Indian Stock Market would open Gap Positive. Technically, Nifty is still in positive zone but BankNifty is in negative zone. US FED kept the rate unchanged and hence we would see sharp positive movement in Indian Stock Market backed by the banking sector and there is the possibility that BankNifty may enter into positive zone by closing above 20091 spot levels. Now the only worry for Indian Stock Market is the rising tensions between India and Pakistan and that may dampen the positive rally. Now, if BankNifty enters into positive zone by closing above 20091 levels then Indian Stock market would see sharp positive movement and the next stop would be the new lifetime highs but if any negative news comes out then it would affect Indian Stock Market heavily. So, if Nifty enters into negative zone again by breaching 8713 levels by closing then we would see a sharp downfall as BankNifty is still in negative zone. In that case, we may see BankNifty touching levels of 19000 and Nifty going below 8500-8600 levels. So, traders should wait for either BankNifty to enter into positive zone or else Nifty to come again in negative zone. If BankNifty enters into positive zone, traders can go long and if Nifty enters again in negative zone by closing below 8713 levels then traders can go short for sure, to generate huge profits. Intraday traders can go long in BankNifty once it breaches spot levels of 20091 and can book profits at higher levels but remember, long positions in BankNifty can be taken home only if it closes above 20091 levels.
FIIs were net buyers of Rs.183.85 crores whereas DIIs were net sellers of Rs.230.59 crores in cash market for last trading session. Nifty would see strong support at 8750-8713-8688-8665 whereas strong resistance would be seen at 8830-8850-8900-8970 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: (8777) The support for the Nifty is 8750-8713-8688-8665 and the resistance to the up move is at 8830-8850-8900-8970 levels.

NSE BankNifty: (19828) The support for BankNifty is at 19730-19595-19495 and the resistance to the up move is at 19955-20080-20140-20240-20350 levels.

BSE Sensex: (28507) The support for the Sensex is at 28450-28312-28250 and the resistance to the up move is at 28700-28780-28880-28950 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, September 21, 2016

equitypandit_square

Buy At Dips With Strict Stoploss Of 8688 Levels For Nifty

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that Nifty has entered into positive zone but some correction would surely be seen. EquityPandit also predicted that traders should buy at dips near supports. Market saw a sharp correction and saw lows right near EquityPandit’s predicted support levels of 28490 for Sensex. Market rebounded from day lows but closed negative right above EquityPandit’s predicted support levels of 19840 for BankNifty and 8774 levels for Nifty like a dot.

Today: Indian Stock Market would open flat with negative bias. Technically analysis would still remain same, Nifty is in Positive zone but BankNifty is still in negative zone. BankNifty would enter into positive zone once it closes above 20080 levels. Market would remain volatile before US FED meeting and Bank Of Japan’s Monetary Policy. Some correction would be seen but traders should go long at every dip in the market. Once BankNifty enters into positive zone, Indian Stock Market would see a strong comeback and a sharp positive rally would be seen in the market. Until then market would consolidate in a rangebound region. Traders should buy at dips until Nifty holds 8750 levels on closing basis. Breaching levels of 8688 for Nifty would force market to see a sharp downfall, so traders can hold long positions with strict stoploss of 8688 spot levels for Nifty.
FIIs were net sellers of Rs.1146.93 crores whereas DIIs were net buyers of Rs.777.52 crores in cash market for last trading session. Nifty would see strong support at 8750-8700-8688-8665 whereas strong resistance would be seen at 8830-8850-8900-8970 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: (8776) The support for the Nifty is 8750-8700-8688-8665 and the resistance to the up move is at 8830-8850-8900-8970 levels.

NSE BankNifty: (19852) The support for BankNifty is at 19840-19730-19595-19495 and the resistance to the up move is at 20001-20080-20140-20240-20350 levels.

BSE Sensex: (28523) The support for the Sensex is at 28490-28312-28250 and the resistance to the up move is at 28700-28780-28880-28950 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, September 20, 2016

equitypandit_square

Nifty Enters Positive Zone But Some Correction To Be Seen, Go Long At Dips

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that some positive movement can’t be ruled out. EquityPandit also predicted that market would enter into positive zone if Nifty manages to close above 8800 levels and traders can take long positions home, if that happens. Indian Stock Market saw some positive movement as per EquityPandit’s predictions. Indian Stock Market saw resistance near EquityPandit’s predicted resistance levels of 8830 for Nifty. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open flat with negative bias. Now Technically, Nifty has entered into positive zone but BankNifty is still in negative zone. BankNifty would enter into positive zone once it closes above 20080 levels. Market would see some correction after 4 days of positive closing but this correction would be temporary in nature. For now, traders can go long in Nifty at every dip in the market. Once BankNifty enters into positive zone, we would see sharp breakout in Indian Stock Market that may lead market towards lifetime highs. Nifty may see some immediate resistance at 8850 levels breaching which Nifty would see a sharp positive rally. IT Index has also entered into positive zone and one can go long in IT stocks like TCS or HCL Tech at dips, for short term view. IT Stocks may see some sharp positive movement in days to come. FMCG Stock Jubilant Foodworks has entered into negative zone today and traders can go short in Jubilant Food for excellent profits. The stock would see sharp downfall in days to come.
FIIs were net buyers of Rs.205.38 crores whereas DIIs were net sellers of Rs.252.28 crores in cash market for last trading session. Nifty would see strong support at 8774-8700-8688-8665 whereas strong resistance would be seen at 8830-8850-8900-8970 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: Escorts Ltd, HT Media, Nirlon and NTPC.

NSE Nifty: (8808) The support for the Nifty is 8774-8700-8688-8665 and the resistance to the up move is at 8830-8850-8900-8970 levels.

NSE BankNifty: (19907) The support for BankNifty is at 19840-19730-19595-19495 and the resistance to the up move is at 20001-20080-20140-20240-20350 levels.

BSE Sensex: (28635) The support for the Sensex is at 28550-28490-28312-28250 and the resistance to the up move is at 28780-28880-28950-29080 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, September 19, 2016

equitypandit_square

Nifty To See Breakdown Below 8688 And Breakout Above 8800 Closing Levels

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that market would see some bounce and suggested traders to go long with stoploss of 8688 for Nifty and exactly same happened. EquityPandit also predicted that traders should take long positions home only if Nifty is able to close above 8800 levels on spot basis. Indian Stock Market opened positive and saw a sharp positive rally covering the previous gap in the trend. Traders who followed EquityPandit’s advice might have earned huge profits for the day. Indian Stock Market saw strong resistance right near EquityPandit’s predicted resistance levels of 8850 for Nifty and 28780 levels for Sensex like a dot. Market saw profit booking at those levels and fell down sharply to close below EquityPandit’s closing resistance of 8800. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in negative zone but some positive movement can’t be ruled out. Market has formed a Doji pattern that suggest that traders can go short below 8750 levels. Market would see sharp downfall if it breaches levels of 8688 for Nifty on the negative side. Traders can short below 8750 with strict stoploss of 8850 for Nifty on spot basis. Market would continue to consolidate as of now and closing below 8688 would force market to see a breakdown for short term. Indian Stock Market would enter into positive zone once it closes above 8800 levels for Nifty and 20080 levels for BankNifty on spot basis. Market would see sharp breakout once it breaches EquityPandit’s resistance of 8850 for Nifty. Follow EquityPandit’s level strictly before taking any trading decisions in the market.
FIIs were net buyers of Rs.660.59 crores whereas DIIs were net sellers of Rs.213.13 crores in cash market for last trading session. Nifty would see strong support at 8700-8688-8665-8630-8600 whereas strong resistance would be seen at 8800-8830-8850-8900 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: Engineers India, MCX and PC Jeweller.

NSE Nifty: (8780) The support for the Nifty is 8700-8688-8665-8630-8600 and the resistance to the up move is at 8800-8830-8850-8900 levels.

NSE BankNifty: (19855) The support for BankNifty is at 19730-19595-19495-19306 and the resistance to the up move is at 20001-20140-20240-20350 levels.

BSE Sensex: (28599) The support for the Sensex is at 28490-28312-28250-28183-28110and the resistance to the up move is at 28660-28780-28880 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 (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for Colgate Palmolive for the week (September 19, 2016 – September 23, 2016) :

COLGATE PALMOLIVE:

 

colpal

 

Colgate Palmolive closed the week on negative note losing around 1.50%.

As we have mentioned last week that minor support for the stock lies in the zone of 967 to 970 levels. Support for the stock lies in the zone of 948 to 955 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 920 to 930 where the stock has formed a short term bottom in the month of July – 2016. During the week the stock manages to hit a low of 951 and close the week around the levels of 970.

Minor support for the stock lies in the zone of 967 to 970 levels. Support for the stock lies in the zone of 948 to 955 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 920 to 930 where the stock has formed a bottom in the month of July – 2016.

Minor resistance for the stock lies in the zone of 990 to 1000. If the stock manages to close above these levels then the stock can move to the levels of 1030 where the stock has formed a top in the month of August – 2016.

Broad range for the stock is seen between 945 to 950 on lower end and 1000 to 1010 on upper end.

Dabur Outlook for the Week (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for DABUR for the week (September 19, 2016 – September 23, 2016) :

DABUR:

 

dabur

 

Dabur closed the week on absolutely flat note.

As we have mentioned last week that minor support for the stock lies in the zone of 290 to 292. Support for the stock is lying in the zone of 282 to 285 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 275 to 277 where 200 Daily SMA is lying. During the week the stock manages to hit a low of 285 and close the week around the levels of 293.

Support for the stock is lying in the zone of 282 to 285 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 275 to 277 where 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 298 to 300 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 top in the month of August – 2016.

Broad range for the stock is seen between 280 to 283 on lower end and 302 to 305 on upper end.

Hindustan Unilever Outlook for the Week (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (September 19, 2016 – September 23, 2016) :

HINDUSTAN UNILEVER:

 

hindu

 

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

As we have mentioned last week that support for the stock lies in the zone of 900 to 910 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. During the week the stock manages to hit a low of 905 and close the week around the levels of 912.

Support for the stock lies in the zone of 895 to 900 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 865 to 870 where long term moving averages are lying.

Minor resistance for the stock lies in the zone of 930. Resistance for the stock lies in the zone of 945 to 955 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 885 to 890 on downside and 940 to 950 on upside.

ITC Outlook for the Week (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for ITC for the week (September 19, 2016 – September 23, 2016) :

ITC:

 

itc

 

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

As we have mentioned last week that support for the stock lies in the zone of 250 to 252 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. During the week the stock manages to hit a low of 250 and close the week around the levels of 260.

Minor support for the stock lies in the zone of 255 to 257. Support for the stock lies in the zone of 250 to 252 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.

Resistance for the stock lies in the zone of 264 to 266. If the stock manages to close above these levels then the stock can move to the levels of 280 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 252 to 254 on downside and 270 to 273 on upside.

Cipla Outlook for the Week (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for Cipla for the week (September 19, 2016 – September 23, 2016) :

CIPLA:

 

cipla

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 560 to 565. 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. During the week the stock manages to hit a low of 562 and close the week around the levels of 594.

Minor support for the stock lies in the zone of 570 to 575. 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 595 to 600 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 610 to 615 where 500 Daily SMA is lying.

Broad range for the stock is seen in the range of 570 – 575 on downside to 610 – 615 on upside.

Dr. Reddy Outlook for the Week (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (September 19, 2016 – September 23, 2016) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on negative note losing around 1.40%.

As we have mentioned last week that support for the stock lies in the zone of 3130 to 3150 where short term and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 3050 to 3070 from where the stock broke out of 1 month of consolidation. During the week the stock manages to hit a low of 3132 and close the week around the levels of 3150.

Support for the stock lies in the zone of 3130 to 3150 where short term and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 3050 to 3070 from where the stock broke out of 1 month of consolidation.

Minor resistance for the stock lies in the zone of 3180 to 3210. Resistance for the stock lies in the zone of 3250 to 3280 from where the stock has opened gap down. If the stock manages to close above these levels then the stock can move to the levels of 3500 to 3600.

Broad range for the stock is seen from 3050 – 3080 on downside to 3230 – 3250 on upside.

Lupin Outlook for the Week (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for Lupin for the week (September 19, 2016 – September 23, 2016) :

LUPIN:

 

lupin

 

Lupin closed the week on negative note losing around 2.10%.

As we have mentioned last week that minor support for the stock lies in the zone 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. During the week the stock manages to hit a low of 1523 and close the week around the levels of 1537.

Minor support for the stock lies in the zone of 1520. Support for the stock lies in the zone of 1480 to 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 medium term bottom.

Minor resistance for the stock lies in the zone of 1560. Resistance for the stock lies in the zone of 1580 to 1600 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 1480 – 1490 on downside to 1580 – 1590 on upside.

Sun Pharma Outlook for the Week (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (September 19, 2016 – September 23, 2016) :

SUN PHARMA:

 

sun

 

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

As we have mentioned last week that support for the stock lies in the zone of 780 to 785 where short 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 755 to 760 from where the stock has bounced in the month of August – 2016. During the week the stock manages to hit a low of 774 and close the week around the levels of 784.

Support for the stock lies in the zone of 780 to 785 where short 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 755 to 760 from where the stock has bounced in the month of August – 2016.

Minor resistance for the stock lies in the zone of 800. 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 February – 2016.

Broad range for the stock in the coming week can be 760 – 765 on lower side to 810 – 815 on upper side.

Wipro Outlook for the Week (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for Wipro for the week (September 19, 2016 – September 23, 2016) :

WIPRO:

 

wipro

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a low of 472 and close the week around the levels of 479.

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.

Minor resistance for the stock lies in the zone of 495. 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 460 to 465 on downside to 495 to 500 on upside.

HCL Tech Outlook for the Week (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for HCL Tech for the week (September 19, 2016 – September 23, 2016) :

HCL TECHNOLOGIES:

 

hcl

 

HCL Tech closed the week on positive note gaining around 0.70%.

As we have mentioned last week that support for the stock lies in the zone of 770 to 780 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 750. During the week the stock manages to hit a low of 770 and close the week around the levels of 786.

Support for the stock lies in the zone of 770 to 780 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 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 (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for TCS for the week (September 19, 2016 – September 23, 2016) :

TATA CONSULTANCY SERVICES:

 

tcs

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 2285. Support for the stock lies in the zone of 2220 to 2250 where long term weekly moving average is lying. If the stock manages to close below these levels then the stock can drift to the levels of 2100 to 2150 from the stock has bounced in the month of March – 2016. During the week the stock manages to hit a low of 2310 and close the week around the levels of 2362.

Minor support for the stock lies in the zone of 2290 to 2310. Support for the stock lies in the zone of 2220 to 2250 where long term weekly moving average is lying. If the stock manages to close below these levels then the stock can drift to the levels of 2100 to 2150 from the stock has bounced in the month of March – 2016.

Resistance for the stock lies in the zone of 2400 to 2420 from where the stock has broken down the double bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 2450 to 2475 where 200 Daily SMA is lying.

Broad range for the stock in the coming week is seen between 2280 to 2300 on downside to 2420 to 2450 on upside.

Infosys Outlook for the Week (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for Infosys for the week (September 19, 2016 – September 23, 2016) :

INFOSYS:

 

infy

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a high of 1064 and close the week around the levels of 1060.

Minor support for the stock lies in the zone of 1025 to 1032. 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 1085 to 1095. 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 1025 to 1030 on downside to 1080 to 1090 on upside.

SBI Outlook for the Week (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for SBI for the week (September 19, 2016 – September 23, 2016) :

STATE BANK OF INDIA:

 

sbin

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 258 to 260. 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 235 to 238 where short term moving averages are lying. During the week the stock manages to hit a low of 252 and close the week around the levels of 254.

Minor support for the stock lies in the zone of 250 to 252. 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 238 to 240 where short term moving averages are lying.

Minor resistance for the stock lies in the zone of 262 to 264. Resistance for the stock lies in the zone of 272 to 275. If the stock manages to close above these levels then the stock can move to the levels of 288 to 290 from where the stock has sold off in the month of August – 2015.

Broad range for the stock in the coming week can be 245 to 247 on lower side to 264 to 266 on upper side.

Axis Bank Outlook for the Week (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for Axis Bank for the week (September 19, 2016 – September 23, 2016) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on negative note losing around 1.80%.

As we have mentioned last week that minor support for the stock lies in the zone of 595 to 600. Support for the stock lies in the zone of 575 to 580 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 545 to 550 where medium term moving averages are lying. During the week the stock manages to hit a low of 583 and close the week around the levels of 602.

Minor support for the stock lies in the zone of 595 to 600. Support for the stock lies in the zone of 575 to 580 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 545 to 550 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 610 to 615. If the stock manages to close above these levels then the stock can move to the levels of 640 to 650 where life time high for the stock is lying.

Broad range for the stock in the coming week can be 580 – 585 on lower side to 635 – 640 on upper side.

ICICI Bank Outlook for the Week (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (September 19, 2016 – September 23, 2016) :

ICICI BANK:

 

icici

 

ICICI Bank closed the week on negative note losing around 2.50%.

As we have mentioned last week that the stock has closed around the resistance zone of 270 to 274 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 282 to 284 where long term weekly moving averages are lying. During the week the stock manages to hit a high of 276 and close the week around the levels of 267.

Minor support for the stock lies in the zone of 260 to 262. Support for the stock lies in the zone of 255 to 257 where short term moving averages are lying. If the stock manages to close below these levels then the index can drift to the levels of 248 to 250 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 275 to 277. If the stock manages to close above these levels then the stock can move to the levels of 282 to 284 where long term weekly moving averages are lying.

Broad range for the stock in the coming week can be 258 – 260 on lower side to 278 – 280 on upper side.

HDFC Bank Outlook for the Week (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (September 19, 2016 – September 23, 2016) :

HDFC BANK:

 

hdfcbank

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 1260 to 1266. Support for the stock lies in the zone of 1235 to 1240 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 1200 to 1210 where medium term moving averages are lying. During the week the stock manages to hit a low of 1265 and close the week around the levels of 1298.

Minor support for the stock lies in the zone of 1260 to 1266. Support for the stock lies in the zone of 1235 to 1240 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 1200 to 1210 where medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 1300 to 1305. If the stock manages to close above these levels then the stock can move to the levels of 1350. The stock is trading around the life time highs so virtually no resistance for the stock is lying.

Broad range for the stock in the coming week can be 1270 on lower side to 1325 on upper side.

Nifty Energy Outlook for the Week (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (September 19, 2016 – September 23, 2016) :

NIFTY ENERGY:

 

cnxenergy

 

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

As we have mentioned last week that resistance for the index lies in the zone of 9700 to 9750 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 9850 to 9900. During the week the index manages to hit a high of 9756 and close the week around the levels of 9645.

Minor support for the index lies in the zone of 9450 to 9500. Support for the index lies in the zone of 9300 where short term moving average are lying. If the index manages to close below these levels then the index can drift to the levels of 9000 where medium term moving averages are lying.

Resistance for the index lies in the zone of 9700 to 9750 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 9850 to 9900.

Broad range for the index is seen between 9300 to 9350 on downside to 9850 to 9900 on upside.

Nifty Auto Outlook for the Week (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (September 19, 2016 – September 23, 2016) :

NIFTY AUTO:

 

cnxauto

 

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

As we have mentioned last week that minor support for the index lies in the zone 10000 to 10100. Support for the index lies in the zone of 9850 to 9900 where the index has broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 9400 to 9450 where short term moving averages are lying. During the week the index manages to hit a low of 9970 and close the week around the levels of 10118.

Minor support for the index lies in the zone 10000 to 10100. Support for the index lies in the zone of 9850 to 9900 where the index has broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 9550 to 9600 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 10250 to 10300. Resistance for the index lies in the zone of 10500. As the index is trading at the all time highs virtually no resistance is visible.

Broad range for the index is seen from 9800 to 9850 on downside to 10400 to 10500 on upside.

Nifty Pharma Outlook for the Week (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (September 19, 2016 – September 23, 2016) :

NIFTY PHARMA:

 

cnxpharma

 

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

As we have mentioned last week that support for the index lies in the zone of 11650 to 11700 where long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 11300 to 11400 where short term and medium term moving averages are lying. During the week the index manages to hit a low of 11593 and close the week around the levels of 11725.

Support for the index lies in the zone of 11600 to 11700 where long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 11300 to 11400 where short term and medium term moving averages are lying.

Resistance for the index lies in the zone of 12050 to 12100 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 12500.

Broad range for the index is seen from 11400 to 11500 on downside to 12100 to 12200 on upside.

Nifty FMCG Outlook for the Week (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (September 19, 2016 – September 23, 2016) :  

NIFTY FMCG:

 

cnxfmcg

 

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

As we have mentioned last week that support for the index lies in the zone of 22400 to 22500. If the index manages to close below these levels then the index can drift to the levels of 22000 to 22100 where short term moving averages are lying. During the week the index manages to hit a low of 22217 and close the week around the levels of 22762.

Support for the index lies in the zone of 22400 to 22500. If the index manages to close below these levels then the index can drift to the levels of 22000 to 22100 where short term moving averages are lying.

Resistance for the index lies in the zone of 23000 to 23100. If the index manages to close above these levels then the index can move to the levels of 23500.

Broad range for the index in the coming week is seen from 22000 to 22100 on downside to 23300 to 23400 on upside.

Nifty IT Outlook for the Week (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (September 19, 2016 – September 23, 2016) :

NIFTY IT:

 

cnxit

 

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

As we have mentioned last week that the index has closed around the support zone of 10000 to 10100 from where the index has bounced in the month of February – 2016. The index has seen a major breakdown and no support is visible. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9600. During the week the index manages to hit a low of 10182 and close the week around the levels of 10399.

The index has closed around the support zone of 10000 to 10100 from where the index has bounced in the month of February – 2016. The index has seen a major breakdown and no support is visible. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9600.

Resistance for the index lies in the zone of 10500 to 10600 from where the index has broken down from the short term bottom. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 where short term and long term moving averages are lying.

Broad range for the index in the coming week is seen from 10000 to 10100 on downside to 10600 to 10700 on upside.

Nifty Bank Outlook for the Week (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (September 19, 2016 – September 23, 2016) :

NIFTY BANK:

 

banknifty

 

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

As we have mentioned last week that minor support for the index lies in the zone of 19925 to 20000. Support for the index lies in the zone of 19500 to 19550 from where the index broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation. During the week the index manages to hit a low of 19730 and close the week around the levels of 19855.

Minor support for the index lies in the zone of 19700 to 19750. Support for the index lies in the zone of 19500 to 19550 from where the index broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation.

Minor resistance for the index lies in the zone of 20200 to 20250. Resistance for the index lies in the zone of 20500 to 20600. If the index manages to close above these levels then the index can move to the levels of 20900 to 21000 where life time high of the index is lying.

Range for the week is seen from 19400 to 19500 on downside to 20300 to 20400 on upside.

Nifty Outlook for the Week (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for Nifty for week (September 19, 2016 – September 23, 2016):

NIFTY:

 

nifty

 

Nifty ended 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 of 8800. Support for the index lies in the zone of 8700 to 8730 from where the index broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where short term moving averages are lying. During the week the index manages to hit a low of 8689 and close the week around the levels of 8780.

Support for the index lies in the zone of 8680 to 8710 from where the index broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 8850. Resistance for the index lies in the zone of 8950 to 9000. If the index manages to close above these levels then the index can move to the levels of 9100 where life time high for the index is lying.

Broad range for the week is seen from 8600 on downside to 9000 on upside.

Share Market Tips for – Friday, September 16, 2016

equitypandit_square

Market To See Some Bounce, Go Long With Stoploss Of 8688 For Nifty Spot Levels

 

Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that market is still in negative zone but would consolidate in a rangebound region. EquityPandit also predicted that Indian Stock Market would see immediate support at 8688 levels for Nifty and 19730 levels for BankNifty and exactly same happened. Indian Stock Market moved sharply negative but managed to hold EquityPandit’s support levels of 8688 for Nifty. BankNifty saw highs right at EquityPandit’s predicted resistance levels of 19955 like a dot and moved down sharply from there but saw lows right at EquityPandit’s predicted support levels of 19730 like a dot. EquityPandit suggested traders to keep EquityPandit’s support and resistance levels in mind before taking trading decisions. Traders, who followed EquityPandit’s advice might have earned whopping profits for the day. Finally, Indian Stock Market closed flat with minor pressure on BankNifty.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market is still in negative zone but looks like market would see some bounce from here on the note of short covering. Intraday traders can go long with Strict stoploss at EquityPandit’s predicted support levels. Traders can take long positions home if Nifty manages to close above 8800 levels and BankNifty above 20080 levels. Breaching 8688 levels will force Indian Stock Market to see further downfall, so traders can go long with strict stoploss of 8688 levels for Nifty on spot basis.
FIIs were net buyers of Rs.345.42 crores whereas DIIs were net sellers of Rs.456.91 crores in cash market for last trading session. Nifty would see strong support at 8688-8665-8630-8600-8570 whereas strong resistance would be seen at 8775-8800-8830-8850 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: Syndicate Bank.

NSE Nifty: (8743) The support for the Nifty is 8688-8665-8630-8600-8570 and the resistance to the up move is at 8775-8800-8830-8850 levels.

NSE BankNifty: (19838) The support for BankNifty is at 19730-19595-19495-19306 and the resistance to the up move is at 19955-20001-20140-20350 levels.

BSE Sensex: (28413) The support for the Sensex is at 28312-28250-28183-28110and the resistance to the up move is at 28500-28660-28780 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, September 15, 2016

equitypandit_square

Market To See Further Correction, Go Long Only Above 8800 For Nifty

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative for the day. EquityPandit predicted that Market is still in correction mode but some bounceback would be seen at lower levels and exactly same happened. Indian Stock Market saw some correction. BankNifty saw lows right at EquityPandit’s predicted support levels of 19730 like a dot. Market rebounded from day lows as predicted by EquityPandit and saw highs right at EquityPandit’s predicted resistance levels of 8741 like a dot. Traders who followed EquityPandit strategy might have earned huge profits for the day. Finally, Indian Stock Market closed flat with positive bias.

Today: Indian Stock Market would open negative. Technically, Indian Stock Market is still in negative zone. Indian Stock Market would continue to consolidate in a rangebound region. Now Nifty has formed an immediate support at 8688 levels, breaching which Indian Stock Market would see sharp downfall. Overall strategy remains same for now – Buy at supports and sell at resistance. Traders can go long if Market manages to breach levels of 8800 for Nifty and 20000 for BankNifty which would act as immediate resistance. Traders can take long positions home if Market closes above those levels. For now market would be considered in correction phase with some consolidation at these levels. BankNifty is already at huge premium, so if Market see a downfall then BankNifty would see the biggest pain and If Market reverses, then BankNifty would be the biggest gainer, so traders should keep EquityPandit’s levels in mind before making any trading decisions.
FIIs were net sellers of Rs.477.33 crores whereas DIIs were net sellers of Rs.8.53 crores in cash market for last trading session. Nifty would see strong support at 8688-8665-8630-8600-8570 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: Corporation Bank and Indian Overseas Bank.

NSE Nifty: (8727) The support for the Nifty is 8688-8665-8630-8600-8570 and the resistance to the up move is at 8741-8775-8800-8830 levels.

NSE BankNifty: (19909) The support for BankNifty is at 19730-19595-19495-19306 and the resistance to the up move is at 19955-20001-20140-20350 levels.

BSE Sensex: (28372) The support for the Sensex is at 28250-28183-28110-27950 and the resistance to the up move is at 28420-28500-28660-28780 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, September 14, 2016

equitypandit_square

Market Is Still In Correction Mode But Bounceback Would Be Seen At Lower Levels

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that market would see sharp downfall and traders can go short as of now and exactly same happened. EquityPandit also predicted that Nifty would breach levels of 8800 today and would see further downfall. Market moved exactly as per EquityPandit’s predictions and saw sharp downfall. Traders who followed EquityPandit’s advice might have earned whopping profits for the day. BankNifty closed right above EquityPandit’s predicted support levels of 19787. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open negative. Technically, Indian Stock Market is still in negative zone. Market would see further downfall and traders can hold short positions as of now. Some buying would be seen at lower levels that may help market to see some bounce but for now, overall market is negative and every positive movement is an opportunity for traders to go short in the market and every downfall would be an opportunity to book profits near support levels. Traders should remember that this downfall is for very short term and would be considered just as correction to this positive rally but can take index to levels of 8600-8500 for Nifty and 19200-19000 for BankNifty.
FIIs were net sellers of Rs.593.61 crores whereas DIIs were net sellers of Rs.12.90 crores in cash market for last trading session. Nifty would see strong support at 8665-8630-8600-8570 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: BEML, CESC, Den Networks, GMR Infra, Kaveri Seed, Kwality, MMTC, NBBC, Prestige Estates, Reliance Communication, Rolta India, Sunteck Realty and Unitech.

NSE Nifty: (8716) The support for the Nifty is 8665-8630-8600-8570 and the resistance to the up move is at 8741-8775-8800-8830 levels.

NSE BankNifty: (19791) The support for BankNifty is at 19730-19595-19495-19306 and the resistance to the up move is at 19880-20001-20140-20350 levels.

BSE Sensex: (28354) The support for the Sensex is at 28183-28110-27950-27870 and the resistance to the up move is at 28340-28500-28660-28780 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, September 12, 2016

equitypandit_square

Market To See Sharp Downfall, Go Short For Now

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative for the day. Indian Stock Market moved sharply negative and saw lows near EquityPandit’s support levels. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open gap negative. Technically, Indian Stock Market would see a sharp correction for now and we can even see Nifty breaching 8800 levels. For now, Market looks to enter into negative zone, so traders can go short for now. The downfall would be steep but would not last long. So traders should consider booking profits at lower levels. Overall market is positive for mid-term but negative for very short term. Traders can go short as of now and book profits at lower levels whereas investors can consider this downfall as opportunity to go long in pieces. Closing below 8800 would be a worry for Indian Stock Market.
FIIs were net sellers of Rs.315.24 crores whereas DIIs were net sellers of Rs.328.26 crores in cash market for last trading session. Nifty would see strong support at 8800-8765-8750-8720 whereas strong resistance would be seen at 8887-8905-8940-8972 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: Alok Industries, Bajaj Hindusthan Sugar, National Aluminium company, Omaxe, Reliance Power and Tata Steel Ltd.

NSE Nifty: (8867) The support for the Nifty is 8800-8765-8750-8720 and the resistance to the up move is at 8887-8905-8940-8972 levels.

NSE BankNifty: (20245) The support for BankNifty is at 20110-20060-19950-19787 and the resistance to the up move is at 20340-20542-20609 levels.

BSE Sensex: (28797) The support for the Sensex is at 28716-28650-28420 and the resistance to the up move is at 28825-28950-29070-29264 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 (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for Colgate Palmolive for the week (September 12, 2016 – September 16, 2016) :

COLGATE PALMOLIVE:

 

col

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a high of 999 and close the week around the levels of 985.

Minor support for the stock lies in the zone of 967 to 970 levels. Support for the stock lies in the zone of 948 to 955 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 920 to 930 where the stock has formed a short term bottom in the month of July – 2016.

Minor resistance for the stock lies in the zone of 990 to 1000. If the stock manages to close above these levels then the stock can move to the levels of 1030 where the stock has formed a top in the month of August – 2016.

Broad range for the stock is seen between 945 to 950 on lower end and 1000 to 1010 on upper end.

Dabur Outlook for the Week (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for DABUR for the week (September 12, 2016 – September 16, 2016) :

DABUR:

 

dabur

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 290 to 292. Support for the stock is lying in the zone of 282 to 285 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 272 to 275 where 200 Daily SMA is lying. During the week the stock manages to hit a low of 292 and close the week around the levels of 293.

Minor support for the stock lies in the zone of 290 to 292. Support for the stock is lying in the zone of 282 to 285 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 275 to 277 where 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 297 to 299 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 280 to 283 on lower end and 302 to 305 on upper end.

Hindustan Unilever Outlook for the Week (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (September 12, 2016 – September 16, 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 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. During the week the stock manages to hit a high of 954 and close the week around the levels of 930.

Support for the stock lies in the zone of 900 to 910 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.

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 905 on downside and 950 to 960 on upside.

ITC Outlook for the Week (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for ITC for the week (September 12, 2016 – September 16, 2016) :

ITC:

 

itc

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 258 to 260. Support for the stock lies in the zone of 248 to 250 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. During the week the stock manages to hit a low of 257 and close the week around the levels of 258.

Support for the stock lies in the zone of 250 to 252 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.

Resistance for the stock lies in the zone of 264 to 266. If the stock manages to close above these levels then the stock can move to the levels of 280 where life time high for the stock is lying.

Broad range for the stock in coming week is seen between 248 to 250 on downside and 270 to 273 on upside.

Cipla Outlook for the Week (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for Cipla for the week (September 12, 2016 – September 16, 2016) :

CIPLA:

 

cipla

 

CIPLA 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 588 to 590. 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 598 and close the week around the levels of 580.

Minor support for the stock lies in the zone of 560 to 565. 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.

Minor resistance for the stock lies in the zone of 588 to 590. 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 558 – 562 on downside to 590 – 595 on upside.

Dr. Reddy Outlook for the Week (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (September 12, 2016 – September 16, 2016) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on positive note gaining around 2.20%.

As we have mentioned last week that resistance for the stock lies in the zone of 3130 to 3160 where medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 3250 to 3280. During the week the stock manages to hit a high of 3225 and close the week around the levels of 3193.

Support for the stock lies in the zone of 3130 to 3150 where short term and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 3050 to 3070 from where the stock broke out of 1 month of consolidation.

Minor resistance for the stock lies in the zone of 3225. Resistance for the stock lies in the zone of 3250 to 3280 from where the stock has opened gap down. If the stock manages to close above these levels then the stock can move to the levels of 3500 to 3600.

Broad range for the stock is seen from 3130 – 3150 on downside to 3280 – 3310 on upside.

Lupin Outlook for the Week (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for Lupin for the week (September 12, 2016 – September 16, 2016) :

LUPIN:

 

lupin

 

Lupin 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 1545 to 1560. Resistance for the stock lies in the zone of 1580 to 1600 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. During the week the stock manages to hit a high of 1588 and close the week around the levels of 1570.

Minor support for the stock lies in the zone 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.

Resistance for the stock lies in the zone of 1580 to 1600 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 1520 – 1540 on downside to 1600 – 1620 on upside.

Sun Pharma Outlook for the Week (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (September 12, 2016 – September 16, 2016) :

SUN PHARMA:

 

sun

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 819 and close the week around the levels of 797.

Support for the stock lies in the zone of 780 to 785 where short 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 755 to 760 from where the stock has bounced in the month of August – 2016.

Minor resistance for the stock lies in the zone of 820. 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 February – 2016.

Broad range for the stock in the coming week can be 765 – 770 on lower side to 840 – 850 on upper side.

Wipro Outlook for the Week (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for Wipro for the week (September 12, 2016 – September 16, 2016) :

WIPRO:

 

wipro

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a low of 470 and close the week around the levels of 481.

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.

Minor resistance for the stock lies in the zone of 495. 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 460 to 465 on downside to 500 to 510 on upside.

HCL Tech Outlook for the Week (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for HCL Tech for the week (September 12, 2016 – September 16, 2016) :

HCL TECHNOLOGIES:

 

hcl

 

HCL Tech 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 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 807 and close the week around the levels of 780.

Support for the stock lies in the zone of 770 to 780 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 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 (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for TCS for the week (September 12, 2016 – September 16, 2016) :

TATA CONSULTANCY SERVICES:

 

tcs

 

TCS closed the week on negative note losing around 6.50%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 2550. 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. During the week the stock manages to hit a high of 2520 and close the week around the levels of 2352.

Minor support for the stock lies in the zone of 2285. Support for the stock lies in the zone of 2220 to 2250 where long term weekly moving average is lying. If the stock manages to close below these levels then the stock can drift to the levels of 2100 to 2150 from the stock has bounced in the month of March – 2016.

Resistance for the stock lies in the zone of 2400 to 2420 from where the stock has broken down the double bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 2450 to 2475 where 200 Daily SMA is lying.

Broad range for the stock in the coming week is seen between 2220 to 2250 on downside to 2420 to 2450 on upside.

Infosys Outlook for the Week (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for Infosys for the week (September 12, 2016 – September 16, 2016) :

INFOSYS:

 

infy

 

INFY 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 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. During the week the stock manages to hit a high of 1059 and close the week around the levels of 1036.

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 (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for SBI for the week (September 12, 2016 – September 16, 2016) :

STATE BANK OF INDIA:

 

sbin

 

SBIN closed the week on positive note gaining around 3.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 257 to 260 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. During the week the stock manages to hit a high of 272 and close the week around the levels of 264.

Minor support for the stock lies in the zone of 258 to 260. 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 235 to 238 where short term moving averages are lying.

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 288 to 290 from where the stock has sold off in the month of August – 2015.

Broad range for the stock in the coming week can be 252 to 255 on lower side to 275 to 280 on upper side.

Axis Bank Outlook for the Week (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for Axis Bank for the week (September 12, 2016 – September 16, 2016) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on positive note gaining around 2.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 610 to 615 from where the stock has sold off in the month of July – 2015. If the stock manages to close above these levels then the stock can move to the levels of 640 to 650 where life time high for the stock is lying. During the week the stock manages to hit a high of 638 and close the week around the levels of 613.

Minor support for the stock lies in the zone of 595 to 600. Support for the stock lies in the zone of 575 to 580 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 545 to 550 where medium term moving averages are lying.

The stock has closed around the resistance zone of 610 to 615 from where the stock has sold off in the month of July – 2015. If the stock manages to close above these levels then the stock can move to the levels of 640 to 650 where life time high for the stock is lying.

Broad range for the stock in the coming week can be 580 – 585 on lower side to 635 – 640 on upper side.

ICICI Bank Outlook for the Week (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (September 12, 2016 – September 16, 2016) :

ICICI BANK:

 

icici

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 270 to 274 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 282 to 284 where long term weekly moving averages are lying. During the week the stock manages to hit a high of 284 and close the week around the levels of 274.

Minor support for the stock lies in the zone of 265 to 268. Support for the stock lies in the zone of 255 to 257 where short term moving averages are lying. If the stock manages to close below these levels then the index can drift to the levels of 248 to 250 where medium term moving averages are lying.

The stock has closed around the resistance zone of 270 to 274 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 282 to 284 where long term weekly moving averages are lying.

Broad range for the stock in the coming week can be 260 – 262 on lower side to 282 – 284 on upper side.

HDFC Bank Outlook for the Week (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (September 12, 2016 – September 16, 2016) :

HDFC BANK:

 

hdfc

 

HDFC Bank 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 1295 to 1300. If the stock manages to close above these levels then the stock can move to the levels of 1350. The stock is trading around the life time highs so virtually no resistance for the stock is lying. During the week the stock manages to hit a high of 1305 and close the week around the levels of 1290.

Minor support for the stock lies in the zone of 1260 to 1266. Support for the stock lies in the zone of 1235 to 1240 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 1200 to 1210 where medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 1295 to 1300. If the stock manages to close above these levels then the stock can move to the levels of 1350. The stock is trading around the life time highs so virtually no resistance for the stock is lying.

Broad range for the stock in the coming week can be 1260 on lower side to 1325 on upper side.

Nifty Energy Outlook for the Week (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (September 12, 2016 – September 16, 2016) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on positive note gaining around 1.70%.

As we have mentioned last week that resistance for the index lies in the zone of 9580 to 9620. 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 9720 and close the week around the levels of 9668.

Minor support for the index lies in the zone of 9400 to 9430. Support for the index lies in the zone of 9300 where short term moving average are lying. If the index manages to close below these levels then the index can drift to the levels of 9000 where medium term moving averages are lying.

Resistance for the index lies in the zone of 9700 to 9750 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 9850 to 9900.

Broad range for the index is seen between 9250 to 9300 on downside to 9800 to 9850 on upside.

Nifty Auto Outlook for the Week (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (September 12, 2016 – September 16, 2016) :

NIFTY AUTO:

 

auto

 

Nifty AUTO index closed 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 10000 to 10100. If the index manages to close above these levels then the index can move to the levels of 10500. As the index is trading at the all time highs virtually no resistance is visible. During the week the index manages to hit a high of 10467 and close the week around the levels of 10299.

Minor support for the index lies in the zone 10000 to 10100. Support for the index lies in the zone of 9850 to 9900 where the index has broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 9400 to 9450 where short term moving averages are lying.

Resistance for the index lies in the zone of 10500. As the index is trading at the all time highs virtually no resistance is visible.

Broad range for the index is seen from 9800 to 9850 on downside to 10600 to 10700 on upside.

Nifty Pharma Outlook for the Week (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (September 12, 2016 – September 16, 2016) :

NIFTY PHARMA:

 

pharma

 

Nifty PHARMA index closed the week on positive note gaining around 2.30%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 12043 and close the week around the levels of 11819.

Support for the index lies in the zone of 11650 to 11700 where long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 11300 to 11400 where short term and medium term moving averages are lying.

Resistance for the index lies in the zone of 12050 to 12100 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 12500.

Broad range for the index is seen from 11400 to 11500 on downside to 12100 to 12200 on upside.

Nifty FMCG Outlook for the Week (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (September 12, 2016 – September 16, 2016) :  

NIFTY FMCG:

 

fmcg

 

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

As we have mentioned last week that index has closed at the life time highs so virtually no resistance lies. Resistance for the index lies in the zone of 23000 to 23100. If the index manages to close above these levels then the index can move to the levels of 23500. During the week the index manages to hit a high of 23219 and close the week around the levels of 22703.

Support for the index lies in the zone of 22400 to 22500. If the index manages to close below these levels then the index can drift to the levels of 22000 to 22100 where short term moving averages are lying.

Resistance for the index lies in the zone of 23000 to 23100. If the index manages to close above these levels then the index can move to the levels of 23500.

Broad range for the index in the coming week is seen from 22000 on downside to 23200 on upside.

Nifty IT Outlook for the Week (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (September 12, 2016 – September 16, 2016) :

NIFTY IT:

 

it

 

Nifty IT index ended the week on negative note losing around 2.20%.

As we have mentioned last week that the index has closed around the support zone of 10525 to 10575 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. During the week the index manages to hit a low of 10160 and close the week around the levels of 10291.

The index has closed around the support zone of 10000 to 10100 from where the index has bounced in the month of February – 2016. The index has seen a major breakdown and no support is visible. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9600.

Resistance for the index lies in the zone of 10500 to 10600 from where the index has broken down from the short term bottom. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 where short term and long term moving averages are lying.

Broad range for the index in the coming week is seen from 9850 to 9900 on downside to 10600 to 10700 on upside.

Nifty Bank Outlook for the Week (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (September 12, 2016 – September 16, 2016) :

NIFTY BANK:

 

bank

 

Nifty Bank ended the week on positive note gaining around 1.80%.

As we have mentioned last week that Resistance for the index lies in the zone of 19900 to 20000. If the index manages to close above these levels then the index can move to the levels of 20350 to 20450. During the week the index manages to hit a high of 20576 and close the week around the levels of 20245.

Minor support for the index lies in the zone of 19925 to 20000. Support for the index lies in the zone of 19500 to 19550 from where the index broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation.

Resistance for the index lies in the zone of 20500 to 20600. If the index manages to close above these levels then the index can move to the levels of 20900 to 21000 where life time high of the index is lying.

Range for the week is seen from 19400 to 19500 on downside to 20500 to 20600 on upside.

Nifty Outlook for the Week (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for Nifty for week (September 12, 2016 – September 16, 2016):

NIFTY:

 

nifty

 

Nifty ended the week on positive note gaining around 0.60%.

As we have mentioned last week that Resistance for the index lies in the zone of 8800 to 8850. If the index manages to close above these levels then the index can move to the levels of 9000 to 9100 where life time high for the index is lying. During the week the index manages to hit a high of 8969 and close the week around the levels of 8867.

Minor support for the index lies in the zone of 8800. Support for the index lies in the zone of 8700 to 8730 from where the index broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where short term moving averages are lying.

Resistance for the index lies in the zone of 8950 to 9000. If the index manages to close above these levels then the index can move to the levels of 9100 where life time high for the index is lying.

Broad range for the week is seen from 8600 on downside to 9000 on upside.

Share Market Tips for – Friday, September 09, 2016

equitypandit_square

Some Sharp Correction To Be Seen But Go Long At Every Dip, Overall Market Bullish

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that market is in positive trend but would seen some consolidation before breaching 9000 mark. EquityPandit also predicted that traders should hold long positions and can add long at every dip in the market and exactly same happened. Indian Stock Market saw some consolidation and saw lows near EquityPandit’s support levels but managed to close at new 18 month highs.Traders who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market managed to close positive for the day.

Today: Indian Stock Market would open negative. Technically, analysis would still remain same and Indian Stock Market is still in positive zone. Trade has to be on the positive side. Every dip in the market would be an opportunity for traders to go long. We may see further consolidation before Nifty breaches 9000 mark. Nifty would surely breach 9000 mark in day to come after some consolidation or correction but once it does so, we would see lifetime highs of 9119 breaching immediately and market would create new lifetime highs in that case. Traders should hold long positions and add more at every dip in the market.
FIIs were net buyers of Rs.111.41 crores whereas DIIs were net sellers of Rs.587.43 crores in cash market for last trading session. Nifty would see strong support at 8900-8848-8800-8765 whereas strong resistance would be seen at 8972-9008-9065-9120 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: Coal India, Gujarat Gas, GSPL, Jaiprakash Associate, KSK Energy, Sobha Ltd., Timken India and Titagarh Wagons.

NSE Nifty: (8952) The support for the Nifty is 8900-8848-8800-8765 and the resistance to the up move is at 8972-9008-9065-9120 levels.

NSE BankNifty: (20417) The support for BankNifty is at 20340-20220-20060-19950 and the resistance to the up move is at 20542-20609-20720-20900levels.

BSE Sensex: (29045) The support for the Sensex is at 28825-28716-28650-28420 and the resistance to the up move is at 29070-29264-29408-29560 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, September 08, 2016

equitypandit_square

Some Consolidation Before Nifty Breaches 9000 Mark, Big Bull Run On The Cards

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive. EquityPandit predicted that market is still in positive trend but it would see some consolidation or correction before it breaches levels of 9000 for Nifty and exactly same happened. Indian Stock Market moved positive but saw strong resistance right near EquityPandit’s predicted resistance levels of 8972 for Nifty and 29070 for Sensex like a dot. Finally, Market rebounded from there and fell down to close flat for the day.

Today: Indian Stock Market would open flat. Technically, analysis would still remain same and Indian Stock Market is still in positive zone. Market would consolidate at this point of time and would see further correction before breaching psychological levels of 9000 for Nifty. This positive rally would last very long and as data suggest we could see new lifetime highs in the market soon but before that happens, we would see some consolidation and some correction at these levels. Once Nifty breaches 9000 levels, we would soon see market breaching lifetime highs of 9119 levels for Nifty. BSE 500 has already created new lifetime highs. Traders can hold long positions as of now and can even add long positions at every correction.
FIIs were net buyers of Rs.854.06 crores whereas DIIs were net sellers of Rs.768.55 crores in cash market for last trading session. Nifty would see strong support at 8900-8848-8800-8765 whereas strong resistance would be seen at 8972-9008-9065-9120 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: Eros International Media, Gujarat Fluorochemicals, Jindal Steel & Power, SAIL and TV Today Network.

NSE Nifty: (8918) The support for the Nifty is 8900-8848-8800-8765 and the resistance to the up move is at 8972-9008-9065-9120 levels.

NSE BankNifty: (20407) The support for BankNifty is at 20340-20220-20060-19950 and the resistance to the up move is at 20542-20609-20720-20900levels.

BSE Sensex: (28926) The support for the Sensex is at 28825-28716-28650-28420 and the resistance to the up move is at 29070-29264-29408-29560 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, September 07, 2016

equitypandit_square

Market Still In Positive Trend, Some Consolidation Near 9000 for Nifty

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive. EquityPandit predicted that Indian Stock Market is still in positive trend and traders should hold long positions. EquityPandit also predicted that once BankNifty futures breaches 20000 levels, we would see sharp positive movement in BankNifty and exactly same happened. Indian Stock Market moved sharply positive and managed to close above 8900 for Nifty. Traders who followed EquityPandit’s advice might have earned whopping profits for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market is still in positive zone. Now market is near 9000 levels and traders should be bit cautious at this level. We may see some consolidation or correction before further positive movement. Overall market would remain positive and once Nifty breaches levels of 9000, we would see levels for 9100 in a jiffy and would see new lifetime highs. But some correction is very much possible around 9000 levels.
FIIs were net buyers of Rs.1438.72 crores whereas DIIs were net sellers of Rs.268.21 crores in cash market for last trading session. Nifty would see strong support at 8900-8848-8800-8765 whereas strong resistance would be seen at 8972-9008-9065-9120 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: Alstom T&D, BHEL, GAIL, ONGC, Solar Industries and SpiceJet.

NSE Nifty: (8943) The support for the Nifty is 8900-8848-8800-8765 and the resistance to the up move is at 8972-9008-9065-9120 levels.

NSE BankNifty: (20426) The support for BankNifty is at 20220-20060-19950 and the resistance to the up move is at 20542-20609-20720-20900levels.

BSE Sensex: (28978) The support for the Sensex is at 28825-28716-28650-28420 and the resistance to the up move is at 29070-29264-29408-29560 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, September 06, 2016

equitypandit_square

Hold Long Positions And Wait For BankNifty Futures To Breach 20000 Levels

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive. EquityPandit predicted that Indian Stock Market has entered into bullish trend and traders should go long at every dip in the market and exactly same happened. EquityPandit’s target of 19800 for BankNifty and 8800 for Nifty already achieved. Traders, who followed EquityPandit’s advice might have earned whopping returns. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open gap positive. Technically, Indian Stock Market is still in positive trend and traders should hold long positions as of now. BankNifty futures are experiencing strong resistance at 20000 levels. Once it breaches those levels, we would see further positive movement in banking sector. Market is currently in positive momentum and we could see further positive rallies in days to come.
FIIs were net buyers of Rs.231.19 crores whereas DIIs were net buyers of Rs.134.88 crores in cash market for last trading session. Nifty would see strong support at 8765-8700-8660 whereas strong resistance would be seen at 8880-8925-9000 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: Chennai Petroleum, HMT, Jindal Poly Films and Oil India Ltd.

NSE Nifty: (8810) The support for the Nifty is 8765-8700-8660 and the resistance to the up move is at 8880-8925-9000 levels.

NSE BankNifty: (19883) The support for BankNifty is at 19750-19660-19500 and the resistance to the up move is at 19965-20065-20168-20380.levels.

BSE Sensex: (28532) The support for the Sensex is at 28420-28340-28230-28120 and the resistance to the up move is at 28660-28720-28825-28950 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 (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for Colgate Palmolive for the week (September 06, 2016 – September 09, 2016) :

COLGATE PALMOLIVE:

 

colpal

 

Colgate Palmolive closed the week on positive note gaining around 0.30%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 936 and close the week around the levels of 952.

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 930 to 935 on lower end and 970 to 980 on upper end.

Dabur Outlook for the Week (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for DABUR for the week (September 06, 2016 – September 09, 2016) :

DABUR:

 

dabur

 

Dabur closed the week on positive note gaining around 3.00%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 297 and close the week around the levels of 297.

Minor support for the stock lies in the zone of 290 to 292. Support for the stock is lying in the zone of 282 to 285 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 272 to 275 where 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 297 to 299 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 285 to 287 on lower end and 305 to 307 on upper end.

Hindustan Unilever Outlook for the Week (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (September 06, 2016 – September 09, 2016) :

HINDUSTAN UNILEVER:

 

hindu

 

HIND Unilever closed the week on positive note gaining around 1.80%.

As we have mentioned last week that support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 901 and close the week around the levels of 921.

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 900 to 905 on downside and 950 to 960 on upside.

ITC Outlook for the Week (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for ITC for the week (September 06, 2016 – September 09, 2016) :

ITC:

 

itc

 

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

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 264 and close the week around the levels of 263.

Minor support for the stock lies in the zone of 258 to 260. Support for the stock lies in the zone of 248 to 250 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.

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 255 to 258 on downside and 270 to 273 on upside.

Cipla Outlook for the Week (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for Cipla for the week (September 06, 2016 – September 09, 2016) :

CIPLA:

 

cipla

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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 587 and close the week around the levels of 578.

Minor support for the stock lies in the zone of 560 to 565. 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.

Minor resistance for the stock lies in the zone of 588 to 590. 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 558 – 562 on downside to 590 – 595 on upside.

Dr. Reddy Outlook for the Week (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (September 06, 2016 – September 09, 2016) :

DR. REDDY:

 

drr

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 3139 and close the week around the levels of 3123.

Minor support for the stock lies in the zone of 3050 to 3070 from where the stock broke out of the 1 month of consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 2930 to 2980.

Resistance for the stock lies in the zone of 3130 to 3160 where medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 3250 to 3280.

Broad range for the stock is seen from 3050 – 3070 on downside to 3200 – 3230 on upside.

Lupin Outlook for the Week (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for Lupin for the week (September 06, 2016 – September 09, 2016) :

LUPIN:

 

lupin

 

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

As we have mentioned last week that 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 1471 and close the week around the levels of 1518.

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 1580 to 1600 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 (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (September 06, 2016 – September 09, 2016) :

SUN PHARMA:

 

sun

 

SUN PHARMA closed the week on positive note gaining around 3.60%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 784 and close the week around the levels of 782.

Minor support for the stock lies in the zone of 760 to 765. 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.

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 755 – 760 on lower side to 800 – 810 on upper side.

Wipro Outlook for the Week (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for Wipro for the week (September 06, 2016 – September 09, 2016) :

WIPRO:

 

wipro

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a low of 477 and close the week around the levels of 484.

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.

Minor resistance for the stock lies in the zone of 495. 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 500 to 510 on upside.

HCL Tech Outlook for the Week (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for HCL Tech for the week (September 06, 2016 – September 09, 2016) :

HCL TECHNOLOGIES:

 

hclt

 

HCL Tech closed the week on positive note gaining around 0.70%.

As we have mentioned last week that support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 751 and close the week around the levels of 785.

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 (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for TCS for the week (September 06, 2016 – September 09, 2016) :

TATA CONSULTANCY SERVICES:

 

tcs

 

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

As we have mentioned last week that support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 2467 and close the week around the levels of 2515.

Support for the stock lies in the zone of 2430 to 2450 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 2400 from where the stock has bounced in the month of April – 2016 and July – 2016.

Minor resistance for the stock lies in the zone of 2550. 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 (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for Infosys for the week (September 06, 2016 – September 09, 2016) :

INFOSYS:

 

infy

 

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

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 1011 and close the week around the levels of 1032.

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 (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for SBI for the week (September 06, 2016 – September 09, 2016) :

STATE BANK OF INDIA:

 

sbin

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a low of 244 and close the week around the levels of 255.

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.

Resistance for the stock lies in the zone of 257 to 260 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 245 to 247 on lower side to 265 to 267 on upper side.

Axis Bank Outlook for the Week (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for Axis Bank for the week (September 06, 2016 – September 09, 2016) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on positive note gaining around 2.20%.

As we have mentioned last week that resistance for the stock lies in the zone of 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 604 and close the week around the levels of 599.

Minor support for the stock lies in the zone of 578 to 580. Support for the stock lies in the zone of 555 to 560 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 525 to 530 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 610 to 615 from where the stock has sold off in the month of July – 2015. If the stock manages to close above these levels then the stock can move to the levels of 640 to 650 where life time high for the stock is lying.

Broad range for the stock in the coming week can be 575 – 580 on lower side to 615 – 620 on upper side.

ICICI Bank Outlook for the Week (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (September 06, 2016 – September 09, 2016) :

ICICI BANK:

 

icici

 

ICICI Bank closed the week on positive note gaining around 6.50%.

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 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. During the week the stock manages to hit a high of 264 and close the week around the levels of 261.

Minor support for the stock lies in the zone of 254 to 256. Support for the stock lies in the zone of 248 to 250 where short term moving averages are lying. If the stock manages to close below these levels then the index can drift to the levels of 243 to 245 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 270 to 274 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 282 to 284 where long term weekly moving averages are lying.

Broad range for the stock in the coming week can be 250 – 252 on lower side to 270 – 272 on upper side.

HDFC Bank Outlook for the Week (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (September 06, 2016 – September 09, 2016) :

HDFC BANK:

 

hdfcbank

 

HDFC Bank closed the week on positive note gaining around 2.20%.

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 1236 and close the week around the levels of 1285.

Minor support for the stock lies in the zone of 1260 to 1266. Support for the stock lies in the zone of 1230 to 1235 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 1200 to 1210.

Minor resistance for the stock lies in the zone of 1295 to 1300. If the stock manages to close above these levels then the stock can move to the levels of 1350. The stock is trading around the life time highs so virtually no resistance for the stock is lying.

Broad range for the stock in the coming week can be 1260 on lower side to 1325 on upper side.

Nifty Energy Outlook for the Week (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (September 06, 2016 – September 09, 2016) :

NIFTY ENERGY:

 

cnxenergy

 

Nifty ENERGY index closed the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 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 9745 and close the week around the levels of 9500.

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 9580 to 9620. 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 9700 to 9750 on upside.

Nifty Auto Outlook for the Week (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (September 06, 2016 – September 09, 2016) :

NIFTY AUTO:

 

cnxauto

 

Nifty AUTO index closed the week on positive note gaining around 5.40%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 10069 and close the week around the levels of 10053.

Minor support for the index lies in the zone 9850 to 9900. Support for the index lies in the zone of 9600 to 9650. If the index manages to close below these levels then the index can drift to the levels of 9400 to 9450 where short term moving averages are lying.

Resistance for the index lies in the zone of 10000 to 10100. If the index manages to close above these levels then the index can move to the levels of 10500. As the index is trading at the all time highs virtually no resistance is visible.

Broad range for the index is seen from 9800 to 9850 on downside to 10300 to 10400 on upside.

Nifty Pharma Outlook for the Week (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (September 06, 2016 – September 09, 2016) :

NIFTY PHARMA:

 

cnxpharma

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 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. During the week the index manages to hit a high of 11654 and close the week around the levels of 11555.

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 11200 to 11300 on downside to 11800 to 11900 on upside.

Nifty FMCG Outlook for the Week (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (September 06, 2016 – September 09, 2016) :  

NIFTY FMCG:

 

cnxfmcg

 

Nifty FMCG index closed the week on positive note gaining around 2.40%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 22833 and close the week around the levels of 22789.

Minor support for the index lies in the zone of 22580 to 22680. Support for the index lies in the zone of 22400 to 22500. If the index manages to close below these levels then the index can drift to the levels of 22000 to 22100 where short term moving averages are lying.

Index has closed at the life time highs so virtually no resistance lies. Resistance for the index lies in the zone of 23000 to 23100. If the index manages to close above these levels then the index can move to the levels of 23500.

Broad range for the index in the coming week is seen from 22300 on downside to 23100 on upside.

Nifty IT Outlook for the Week (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (September 06, 2016 – September 09, 2016) :

NIFTY IT:

 

cnxit

 

Nifty IT index ended the week on absolutely flat note.

As we have mentioned last week that 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. During the week the index manages to hit a low of 10330 and close the week around the levels of 10528.

The index has closed around the support zone of 10525 to 10575 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 10650 to 10700. 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 (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (September 06, 2016 – September 09, 2016) :

NIFTY BANK:

 

bankn

 

Nifty Bank ended the week on positive note gaining around 3.60%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 19928 and close the week around the levels of 19883.

Minor support for the index lies in the zone of 19500 to 19580. 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.

Resistance for the index lies in the zone of 19900 to 20000. If the index manages to close above these levels then the index can move to the levels of 20350 to 20450.

Range for the week is seen from 19400 to 19500 on downside to 20300 to 20400 on upside.

Nifty Outlook for the Week (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for Nifty for week (September 06, 2016 – September 09, 2016):

NIFTY:

 

nifty

 

Nifty ended the week on positive note gaining around 2.80%.

As we have mentioned last week that resistance for the index lies in the zone of 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 8824 and close the week around the levels of 8810.

Minor support for the index lies in the zone of 8700 to 8720. Support for the index lies in the 8580 to 8620 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 8350 to 8400 where the index has created a gap on 11/07/2016.

Resistance for the index lies in the zone of 8800 to 8850. If the index manages to close above these levels then the index can move to the levels of 9000 to 9100 where life time high for the index is lying.

Broad range for the week is seen from 8600 on downside to 9000 on upside.