Colgate Palmolive Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for Colgate Palmolive for the week (November 01, 2016 – November 04, 2016) :

COLGATE PALMOLIVE:

 

colpal

 

Colgate Palmolive 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 955 to 960 from where the stock broke down from the consolidation zone. If the stock manages to close above these levels then the stock can move to the levels of 990 to 1000 where the stock has formed a double top pattern. During the week the stock manages to hit a high of 993 and close the week around the levels of 973.

Minor support for the stock lies in the zone of 955 to 965. Support for the stock lies in the zone of 935 to 940 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 900 to 910 where 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 990 to 1000 where the stock has formed a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 1030 to 1040 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 995 to 1000 on upper end.

Dabur Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for DABUR for the week (November 01, 2016 – November 04, 2016) :

DABUR:

 

dabur

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 285 to 287. Resistance for the stock lies in the zone of 290 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 298 to 300 from where the stock has sold off in the month of September – 2016. During the week the stock manages to hit a high of 300 and close the week around the levels of 292.

Minor support for the stock lies in the zone of 285 to 287. Support for the stock lies in the zone of 280 to 282 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 268 to 270 where the stock has formed a double bottom pattern.

Minor resistance for the stock lies in the zone of 294 to 296. Resistance for the stock lies in the zone of 299 to 301 from where the stock has sold off in the month of September – 2016. If the stock manages to close above these levels then the stock can move to the levels of 305 to 310.

Broad range for the stock is seen between 280 to 282 on lower end and 300 to 302 on upper end.

Hindustan Unilever Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (November 01, 2016 – November 04, 2016) :

HINDUSTAN UNILEVER:

 

hind

 

HIND Unilever closed the week on negative note losing around 1.70%.

As we have mentioned last week that the stock has broken down from the major trend-line support. Resistance for the stock lies in the zone of 850 to 855 where trend-line joining lows of January – 2016 and May – 2016 is lying and also 500 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 870 to 875 where 200 Daily SMA is lying. During the week the stock manages to hit a high of 855 and close the week around the levels of 836.

Minor support for the stock lies in the zone of 825 to 830. Support for the stock lies in the zone of 800 to 805 from where the stock has bounced in the month of May – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 760 to 765 from where the stock has bounced in the month of January – 2016.

The stock has broken down from the major trend-line support. Resistance for the stock lies in the zone of 850 to 855 where trend-line joining lows of January – 2016 and May – 2016 is lying and also 500 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 870 to 875 where 200 Daily SMA is lying.

Broad range for the stock in coming week is seen between 800 to 810 on downside and 860 to 870 on upside.

ITC Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for ITC for the week (November 01, 2016 – November 04, 2016) :

ITC:

 

itc

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 235. Support for the stock lies in the zone of 228 to 231 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 220 to 225. During the week the stock manages to hit a low of 233 and close the week around the levels of 243.

Minor support for the stock lies in the zone of 235. Support for the stock lies in the zone of 228 to 231 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 220 to 225.

Minor resistance for the stock lies in the zone of 244 to 246 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 248 to 250 from where the stock has broken down from the lows of September – 2016.

Broad range for the stock in coming week is seen between 232 to 235 on downside and 250 to 252 on upside.

Cipla Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for Cipla for the week (November 01, 2016 – November 04, 2016) :

CIPLA:

 

cipla

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 595 to 600. 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. During the week the stock manages to hit a high of 595 and close the week around the levels of 575.

Support for the stock lies in the zone of 568 to 572 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 from where the stock broken out of the double top pattern and 200 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 580 to 585. Resistance for the stock lies in the zone of 595 to 600 from where the stock has retraced couple of times in the month of October – 2016. If the stock manages to close above these levels then the stock can move to the levels of 610 to 615 where the stock has formed a top in the month of September – 2016.

Broad range for the stock is seen in the range of 555 – 560 on downside to 600 – 605 on upside.

Dr. Reddy Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (November 01, 2016 – November 04, 2016) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on positive note gaining around 8.00%.

As we have mentioned last week that minor support for the stock lies in the zone of 3060 to 3080. Support for the stock lies in the zone of 3000 to 3020 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 2900 to 2920 where the stock has formed a bottom in the month of July – 2016. During the week the stock manages to hit a low of 3068 and close the week around the levels of 3363.

Minor support for the stock lies in the zone of 3270 to 3280. Support for the stock lies in the zone of 3220 to 3240 from where the stock has broken out of the double top pattern. If the stock manages to close below these levels then the stock can drift to the levels of 3150 to 3170 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 3400 to 3450. If the stock manages to close above these levels then the stock can move to the levels of 3650 to 3700 from where the stock has sold off in the month of July – 2016.

Broad range for the stock is seen from 3220 – 3250 on downside to 3450 – 3500 on upside.

Lupin Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for Lupin for the week (November 01, 2016 – November 04, 2016) :

LUPIN:

 

lupin

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 1520 to 1530 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1560 to 1570 where medium term moving averages are lying. During the week the stock manages to hit a high of 1544 and close the week around the levels of 1488.

Minor support for the stock lies in the zone of 1450. 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.

Resistance for the stock lies in the zone of 1520 to 1530 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1550 to 1560 where medium term moving averages are lying.

Broad range for the stock is seen from 1440 – 1450 on downside to 1530 – 1540 on upside.

Sun Pharma Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (November 01, 2016 – November 04, 2016) :

SUN PHARMA:

 

sun

 

SUN PHARMA closed the week on negative note losing around 0.60%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 755 to 760. Resistance for the stock lies in the zone of 770 to 780 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 800 to 810 where 200 Daily SMA is lying. During the week the stock manages to hit a high of 759 and close the week around the levels of 743.

Minor support for the stock lies in the zone of 730. Support for the stock lies in the zone of 700 to 710 from where the stock has bounced in the month of June – 2016 and November – 2015. If the stock manages to close below these levels then the stock can witness a major break down and can drift to the levels of 650.

Minor resistance for the stock lies in the zone of 755 to 760. Resistance for the stock lies in the zone of 770 to 780 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 800 to 810 where 200 Daily SMA is lying.

Broad range for the stock in the coming week can be 720 – 725 on lower side to 770 – 775 on upper side.

HCL Tech Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for HCL Tech for the week (November 01, 2016 – November 04, 2016) :

HCL TECHNOLOGIES:

 

hcl

 

HCL Tech closed the week on negative note losing around 8.20%.

As we have mentioned last week that minor support for the stock lies in the zone of 800 to 810. Support for the stock lies in the zone of 780 to 790 where medium term moving averages and 200 Daily SMA 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 760 and close the week around the levels of 763.

Support for the stock lies in the zone of 750 to 760 from where the stock has bounced in the month of August – 2016 and September – 2016. If the stock closes below these levels then the stock can drift to the levels of 700 to 720 where the stock has formed a bottom in the month of May, June and July – 2016.

Resistance for the stock lies in the zone of 775 to 780 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 790 to 800 where 200 Daily SMA is lying.

Broad range for the stock in the coming week is seen between 720 to 725 on downside to 790 to 800 on upside.

TCS Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for TCS for the week (November 01, 2016 – November 04, 2016) :

TATA CONSULTANCY SERVICES:

 

tcs

 

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

As we have mentioned last week that the stock has closed around the resistance zone 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 short term moving averages and 200 Daily SMA are lying. During the week the stock manages to hit a high of 2435 and close the week around the levels of 2399.

Minor support for the stock lies in the zone of 2370 to 2385. Support for the stock lies in the zone of 2290 to 2310 where the stock has formed a bottom in month of September – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 2120 to 2150 where the stock has formed a bottom in the month of February – 2016.

The stock has closed around the resistance 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 short term moving averages and 200 Daily SMA are lying.

Broad range for the stock in the coming week is seen between 2350 to 2360 on downside to 2430 to 2450 on upside.

Infosys Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for Infosys for the week (November 01, 2016 – November 04, 2016) :

INFOSYS:

 

infy

 

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

As we have mentioned last week that support for the stock lies in the zone of 1000 to 1010 where the stock has made a bottom in the month of Nov – 2015 and August – 2016. 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 993 and close the week around the levels of 997.

The stock has closed below the major support zone of 1000 to 1010 where the stock has made a bottom in the month of Nov – 2015 and August – 2016. 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 1020 to 1030. Resistance for the stock lies in the zone of 1050 to 1060 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 1080 to 1090 where medium term moving averages are lying.

Broad range for the stock in the coming week is seen between 950 to 960 on downside to 1025 to 1035 on upside.

Wipro Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for Wipro for the week (November 01, 2016 – November 04, 2016) :

WIPRO:

 

wipro

SBI Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for SBI for the week (November 01, 2016 – November 04, 2016) :

STATE BANK OF INDIA:

 

sbin

 

SBIN closed the week on negative note losing around 0.20%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 258 to 260. Resistance for the stock lies in the zone of 263 to 265. If the stock manages to close above these levels then the stock can move to the levels of 272 where the stock has made a top in the month of September – 2016. During the week the stock manages to hit a high of 265 and close the week around the levels of 258.

Minor support for the stock lies in the zone of 253 to 255. Support for the stock lies in the zone of 248 to 250 where short term and 500 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 234 to 236 from where the stock bas broken out of the top formed in the month of July – 2016 and medium term moving averages are lying.

Resistance for the stock lies in the zone of 263 to 265 where the stock has formed a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 272 where the stock has made a top in the month of September – 2016.

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

Axis Bank Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for Axis Bank for the week (November 01, 2016 – November 04, 2016) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on negative note losing around 7.50%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 530 to 535. Resistance for the stock lies in the zone of 545 to 550 where medium term moving averages are lying. Resistance for the stock lies in the zone of 560 to 565 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. During the week the stock manages to hit a high of 532 and close the week around the levels of 487.

The stock has closed just below the 200 Daily SMA lying around the levels of 493 to 498. Minor support for the stock lies in the zone of 475 to 480. Support for the stock lies in the zone of 455 to 460 from where the stock has bounced in the month of May – 2016. If the stock closes below these levels then the stock can drift to the levels of 420 to 430.

Resistance for the stock lies in the zone of 500 to 510 where the stock has opened gap down on back of weak quarterly results. If the stock manages to close above these levels then the stock can move to the levels of 530 to 540 where short term and medium term moving averages are lying.

Broad range for the stock in the coming week can be 460 – 465 on lower side to 500 – 505 on upper side.

ICICI Bank Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (November 01, 2016 – November 04, 2016) :

ICICI BANK:

 

icici

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 281 to 283 where 500 Daily SMA and top made in the month of September – 2016 is lying. If the stock manages to close above these levels then the stock can move to the levels of 293 to 295 from where the stock has sold off in the month of October – 2015. During the week the stock manages to hit a high of 292 and close the week around the levels of 277.

Minor support for the stock lies in the zone of 269 to 271. Support for the stock lies in the zone of 262 to 264 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 252 to 255 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 281 to 283 where 500 Daily SMA and top made in the month of September – 2016 is lying. If the stock manages to close above these levels then the stock can move to the levels of 293 to 295 from where the stock has sold off in the month of October – 2015.

Broad range for the stock in the coming week can be 265 – 268 on lower side to 288 – 290 on upper side.

HDFC Bank Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (November 01, 2016 – November 04, 2016) :

HDFC BANK:

 

hdfcb

 

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

As we have mentioned last week that support for the stock lies in the zone of 1255 to 1265 from where the stock has bounced couple of times 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 1220 to 1230 where the stock has made a bottom in the month of August – 2016 and medium term moving averages are lying. During the week the stock manages to hit a low of 1224 and close the week around the levels of 1259.

Minor support for the stock lies in the zone of 1250 to 1255. Support for the stock lies in the zone of 1220 to 1230 where the stock has made a bottom in the month of August – 2016 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 1200 from where the stock broke out of the tops formed in May – 2016 and June – 2916.

Minor resistance for the stock lies in the zone of 1275 to 1280. Resistance for the stock lies in the zone of 1290 to 1300. If the stock manages to close above these levels then the stock can move to the levels of 1320 where the stock has made a top in the month of September – 2016.

Broad range for the stock in the coming week can be 1230 on lower side to 1290 on upper side.

Nifty Energy Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (November 01, 2016 – November 04, 2016) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on absolutely flat note.

As we have mentioned last week that support for the index lies in the zone of 9900 to 10000 from where the index has broken out of the top formed in the month of September – 2016. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9700 where short term moving averages are lying. During the week the index manages to hit a low of 10003 and close the week around the levels of 10092.

Support for the index lies in the zone of 9900 to 10000 from where the index has broken out of the top formed in the month of September – 2016. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9700 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 10200 to 10300. Resistance for the index lies in the zone of 10400 to 10500. If the index manages to close above these levels then the index can move to the levels of 10700 where life time high for the index is lying.

Broad range for the index is seen between 9600 to 9700 on downside to 10400 to 10500 on upside.

Nifty Auto Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (November 01, 2016 – November 04, 2016) :

NIFTY AUTO:

 

auto

 

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

As we have mentioned last week that minor support for the index lies in the zone of 10060 to 10120. 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 9450 to 9500 from where the index has bounce couple of times in the month of August – 2016. During the week the index manages to hit a low of 9874 and close the week around the levels of 10057.

Minor support for the index lies in the zone of 10060 to 10120. 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 9450 to 9500 from where the index has bounce couple of times in the month of August – 2016.

Minor resistance for the index lies in the zone of 10350 to 10400. 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 9700 to 9750 on downside to 10400 to 10500 on upside.

Nifty Pharma Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (November 01, 2016 – November 04, 2016) :

NIFTY PHARMA:

 

pharma

 

Nifty PHARMA index closed the week on positive note gaining around 0.70%.

As we have mentioned last week that support for the index lies in the zone of 11300 to 11400 where medium term and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 11100 to 11200 from where the index has bounced in the month of August – 2016. If the index manages to break these levels on closing basis then the index can witness the correction to the levels of 10600 to 10800 from where the index has bounced in the month of June – 2016. During the week the index manages to hit a low of 11413 and close the week around the levels of 11572.

Support for the index lies in the zone of 11300 to 11400 where medium term and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 11100 to 11200 from where the index has bounced in the month of August – 2016.

Resistance for the index lies in the zone of 11700 to 11800 where the index has formed a top in the month of October – 2016. If the index manages to close above these levels then the index can move to the levels of 11900 to 12000 where the index has formed a triple top pattern.

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 (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (November 01, 2016 – November 04, 2016) :  

NIFTY FMCG:

 

fmcg

 

Nifty FMCG index closed the week on absolutely flat note.

As we have mentioned last week that support for the index lies in the zone of 21100 to 21300 from where the index has broken out of the top of June – 2016. If the index manages to close below these levels then the index can drift to the levels of 20500 where 200 Daily SMA is lying and trend-line joining lows of March – 2016 and May – 2016 is lying. During the week the index manages to hit a low of 21086 and close the week around the levels of 21548.

Support for the index lies in the zone of 21100 to 21300 from where the index has broken out of the top of June – 2016. If the index manages to close below these levels then the index can drift to the levels of 20500 where 200 Daily SMA is lying and trend-line joining lows of March – 2016 and May – 2016 is lying.

Minor resistance for the index lies in the zone of 21700 to 21900 from where the index has broken down from the lows of July – 2016 and August – 2016 and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 22200 to 22300.

Broad range for the index in the coming week is seen from 20800 to 20900 on downside to 22000 to 22100 on upside.

Nifty IT Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (November 01, 2016 – November 04, 2016) :

NIFTY IT:

 

cnxit

 

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

As we have mentioned last week that minor support for the index lies in the zone of 10280 to 10320. 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. During the week the index manages to hit a low of 10027 and close the week around the levels of 10048.

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.

Minor resistance for the index lies in the zone of 10200 to 10300. Resistance for the index lies around 10500 to 10600 from where the index has broken down from the double bottom pattern and short term moving averages are lying. 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 9700 to 9750 on downside to 10300 to 10400 on upside.

Nifty Bank Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (November 01, 2016 – November 04, 2016) :

NIFTY BANK:

 

banknifty

 

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

As we have mentioned last week that resistance for the index lies in the zone of 19700 to 19800 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 20200 to 20400 where the index has made a top in the month of September – 2016. During the week the index manages to hit a high of 19923 and close the week around the levels of 19556.

Minor support for the index lies in the zone of 19400 to 19500. Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 18500 where the index has formed a base in the month of July – 2016 and August – 2016.

Resistance for the index lies in the zone of 19700 to 19800 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 20200 to 20400 where the index has made a top in the month of September – 2016.

Range for the week is seen from 19000 to 19100 on downside to 20200 to 20300 on upside.

Nifty Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for Nifty for week (November 01, 2016 – November 04, 2016):

NIFTY:

 

nifty

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 8650 to 8700. Resistance for the index lies in the zone of 8810 to 8850 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September – 2016. During the week the index manages to hit a high of 8737 and close the week around the levels of 8638.

Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July – 2016 and August – 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500 to 8550. If the index manages to break this trend-line, the up-trend in which the index is moving since March will be broken and we can see the index drifting lower. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of 8350 and then 8000 levels can also be not ruled out.

Minor resistance for the index lies in the zone of 8680 to 8720. Resistance for the index lies in the zone of 8810 to 8850 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September – 2016.

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

Colgate Palmolive Outlook for the Week (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for Colgate Palmolive for the week (October 24, 2016 – October 28, 2016) :

COLGATE PALMOLIVE:

 

colpal

 

Colgate Palmolive closed the week on positive note gaining around 3.70%.

As we have mentioned last week that support for the stock lies in the zone of 920 to 930 where the stock has formed a bottom in the month of July – 2016 and August – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 895 to 900 where 200 Daily SMA is lying. During the week the stock manages to hit a low of 908 and close the week around the levels of 955.

Support for the stock lies in the zone of 935 to 940 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 900 to 910 where 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 955 to 960 from where the stock broke down from the consolidation zone. If the stock manages to close above these levels then the stock can move to the levels of 990 to 1000 where the stock has formed a double top pattern.

Broad range for the stock is seen between 920 to 930 on lower end and 980 to 990 on upper end.

Dabur Outlook for the Week (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for DABUR for the week (October 24, 2016 – October 28, 2016) :

DABUR:

 

dabur

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 285 to 287. Resistance for the stock lies in the zone of 290 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 298 to 300 from where the stock has sold off in the month of September – 2016. During the week the stock manages to hit a high of 286 and close the week around the levels of 285.

Support for the stock lies in the zone of 278 to 280 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 266 to 268 where 500 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 285 to 287. Resistance for the stock lies in the zone of 290 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 298 to 300 from where the stock has sold off in the month of September – 2016.

Broad range for the stock is seen between 277 to 279 on lower end and 292 to 295 on upper end.

Hindustan Unilever Outlook for the Week (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (October 24, 2016 – October 28, 2016) :

HINDUSTAN UNILEVER:

 

hind

 

HIND Unilever closed the week on positive note gaining around 1.10%.

As we have mentioned last week that the stock has broken down from the major trend-line support. Resistance for the stock lies in the zone of 850 to 855 where trend-line joining lows of January – 2016 and May – 2016 is lying and also 500 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 870 to 875 where 200 Daily SMA is lying. During the week the stock manages to hit a high of 857 and close the week around the levels of 851.

Minor support for the stock lies in the zone of 826 to 834. Support for the stock lies in the zone of 800 to 805 from where the stock has bounced in the month of May – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 760 to 765 from where the stock has bounced in the month of January – 2016.

The stock has broken down from the major trend-line support. Resistance for the stock lies in the zone of 850 to 855 where trend-line joining lows of January – 2016 and May – 2016 is lying and also 500 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 870 to 875 where 200 Daily SMA is lying.

Broad range for the stock in coming week is seen between 830 to 835 on downside and 875 to 880 on upside.

ITC Outlook for the Week (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for ITC for the week (October 24, 2016 – October 28, 2016) :

ITC:

 

itc

 

ITC closed the week on positive note gaining around 0.10%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 244 to 246 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 248 to 250 where short term moving averages are lying. During the week the stock manages to hit a high of 247 and close the week around the levels of 240.

Minor support for the stock lies in the zone of 235. Support for the stock lies in the zone of 228 to 231 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 220 to 225.

Minor resistance for the stock lies in the zone of 244 to 246 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 248 to 250 from where the stock has broken down from the lows of September – 2016.

Broad range for the stock in coming week is seen between 232 to 235 on downside and 247 to 249 on upside.

Cipla Outlook for the Week (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for Cipla for the week (October 24, 2016 – October 28, 2016) :

CIPLA:

 

cipla

 

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

As we have mentioned last week that support for the stock lies in the zone of 565 to 570 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 from where the stock broken out of the double top pattern and 200 Daily SMA is lying. During the week the stock manages to hit a low of 570 and close the week around the levels of 583.

Support for the stock lies in the zone of 565 to 570 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 from where the stock broken out of the double top pattern and 200 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 595 to 600. 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 560 – 565 on downside to 600 – 605 on upside.

Dr. Reddy Outlook for the Week (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (October 24, 2016 – October 28, 2016) :

DR. REDDY:

 

drr

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 2980 to 3000. Support for the stock lies in the zone of 2900 to 2920 from where the stock has bounced in the month of August – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 2750 to 2800 where the stock has formed a bottom in the month of January – 2016 and February – 2016. During the week the stock manages to hit a low of 3012 and close the week around the levels of 3114.

Minor support for the stock lies in the zone of 3060 to 3080. Support for the stock lies in the zone of 3000 to 3020 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 2900 to 2920 where the stock has formed a bottom in the month of July – 2016.

Resistance for the stock lies in the zone of 3100 to 3130 where 200 Daily SMA and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 3190 to 3230 levels where the stock has formed a double top formation.

Broad range for the stock is seen from 3000 – 3030 on downside to 3200 – 3230 on upside.

Lupin Outlook for the Week (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for Lupin for the week (October 24, 2016 – October 28, 2016) :

LUPIN:

 

lupin

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 1450. 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. During the week the stock manages to hit a low of 1442 and close the week around the levels of 1500.

Minor support for the stock lies in the zone of 1450. 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.

Resistance for the stock lies in the zone of 1520 to 1530 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1560 to 1570 where medium term moving averages are lying.

Broad range for the stock is seen from 1450 – 1460 on downside to 1550 – 1560 on upside.

Sun Pharma Outlook for the Week (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (October 24, 2016 – October 28, 2016) :

SUN PHARMA:

 

sun

 

SUN PHARMA 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 730. Support for the stock lies in the zone of 700 to 710 from where the stock has bounced in the month of June – 2016 and November – 2015. If the stock manages to close below these levels then the stock can witness a major break down and can drift to the levels of 650. During the week the stock manages to hit a low of 732 and close the week around the levels of 748.

Minor support for the stock lies in the zone of 730. Support for the stock lies in the zone of 700 to 710 from where the stock has bounced in the month of June – 2016 and November – 2015. If the stock manages to close below these levels then the stock can witness a major break down and can drift to the levels of 650.

Minor resistance for the stock lies in the zone of 755 to 760. Resistance for the stock lies in the zone of 770 to 780 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 800 to 810 where 200 Daily SMA is lying.

Broad range for the stock in the coming week can be 720 – 725 on lower side to 770 – 775 on upper side.

HCL Tech Outlook for the Week (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for HCL Tech for the week (October 24, 2016 – October 28, 2016) :

HCL TECHNOLOGIES:

 

hclt

 

HCL Tech 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 820 to 830. If the stock manages to close above these levels then the stock can move to the levels of 845 to 850 from where the stock sold off on 03/08/2016. During the week the stock manages to hit a high of 849 and close the week around the levels of 832.

Minor support for the stock lies in the zone of 800 to 810. Support for the stock lies in the zone of 780 to 790 where medium term moving averages and 200 Daily SMA 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 850 to 860 from where the stock sold off on 03/08/2016 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 880 to 885.

Broad range for the stock in the coming week is seen between 790 to 800 on downside to 850 to 860 on upside.

Wipro Outlook for the Week (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for Wipro for the week (October 24, 2016 – October 28, 2016) :

WIPRO:

 

wipro

 

Wipro closed the week on positive note gaining around 5.10%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 485 to 490. 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. During the week the stock manages to hit a high of 501 and close the week around the levels of 499.

Minor support for the stock lies in the zone of 485 to 490. 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. The stock has seen a major break down on long term charts and the stock can drift to the levels of around 450.

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 where medium term moving averages are lying. Above the levels of 520 the stock can move to the levels of 532 to 535 where 200 Daily SMA is lying.

Broad range for the stock in the coming week is seen between 475 to 480 on downside to 515 to 520 on upside.

TCS Outlook for the Week (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for TCS for the week (October 24, 2016 – October 28, 2016) :

TATA CONSULTANCY SERVICES:

 

tcs

 

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

As we have mentioned last week that resistance zone of 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 short term moving averages and 200 Daily SMA are lying. During the week the stock manages to hit a high of 2432 and close the week around the levels of 2429.

Minor support for the stock lies in the zone of 2370 to 2385. Support for the stock lies in the zone of 2290 to 2310 where the stock has formed a bottom in month of September – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 2120 to 2150 where the stock has formed a bottom in the month of February – 2016.

The stock has closed around the resistance zone 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 short term moving averages and 200 Daily SMA are lying.

Broad range for the stock in the coming week is seen between 2350 to 2360 on downside to 2470 to 2480 on upside.

Infosys Outlook for the Week (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for Infosys for the week (October 24, 2016 – October 28, 2016) :

INFOSYS:

 

infy

 

INFY 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 1050 to 1060 where short term moving averages are lying. 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 1051 and close the week around the levels of 1038.

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 and August – 2016. 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 where short term moving averages are lying. 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 1000 to 1010 on downside to 1055 to 1060 on upside.

SBI Outlook for the Week (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for SBI for the week (October 24, 2016 – October 28, 2016) :

STATE BANK OF INDIA:

 

sbin

 

SBIN closed the week on positive note gaining around 2.50%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 256 to 258. Resistance for the stock lies in the zone of 263 to 265. If the stock manages to close above these levels then the stock can move to the levels of 272 where the stock has made a top in the month of September – 2016. During the week the stock manages to hit a high of 261 and close the week around the levels of 258.

Minor support for the stock lies in the zone of 253 to 255. Support for the stock lies in the zone of 248 to 250 where short term and 500 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 234 to 236 from where the stock bas broken out of the top formed in the month of July – 2016 and medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 258 to 260. Resistance for the stock lies in the zone of 263 to 265. If the stock manages to close above these levels then the stock can move to the levels of 272 where the stock has made a top in the month of September – 2016.

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

Axis Bank Outlook for the Week (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for Axis Bank for the week (October 24, 2016 – October 28, 2016) :

AXIS BANK:

 

axis

 

Axis Bank 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 530 to 535. Resistance for the stock lies in the zone of 545 to 550 where medium term moving averages are lying. Resistance for the stock lies in the zone of 560 to 565 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. During the week the stock manages to hit a high of 545 and close the week around the levels of 526.

Support for the stock lies in the zone of 510 to 515 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 from where the stock has bounced in the month of June – 2016 and 200 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 530 to 535. Resistance for the stock lies in the zone of 545 to 550 where medium term moving averages are lying. Resistance for the stock lies in the zone of 560 to 565 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 500 – 505 on lower side to 540 – 545 on upper side.

ICICI Bank Outlook for the Week (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (October 24, 2016 – October 28, 2016) :

ICICI BANK:

 

icici

 

ICICI Bank closed the week on positive note gaining around 14.70%.

As we have mentioned last week that support for the stock lies in the zone of 237 to 240 where 200 Daily SMA is lying. If the stock closes below these levels then the stock can drift to the levels of 220 to 222 from where the stock has bounced in the month of June – 2016. During the week the stock manages to hit a low of 246 and close the week around the levels of 277.

Minor support for the stock lies in the zone of 269 to 271. 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 stock can drift to the levels of 250 to 252 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 281 to 283 where 500 Daily SMA and top made in the month of September – 2016 is lying. If the stock manages to close above these levels then the stock can move to the levels of 293 to 295 from where the stock has sold off in the month of October – 2015.

Broad range for the stock in the coming week can be 265 – 268 on lower side to 288 – 290 on upper side.

HDFC Bank Outlook for the Week (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (October 24, 2016 – October 28, 2016) :

HDFC BANK:

 

hdfc

 

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

As we have mentioned last week that support for the stock lies in the zone of 1255 to 1265 from where the stock has bounced couple of times 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 1220 to 1230 where the stock has made a bottom in the month of August – 2016 and medium term moving averages are lying. During the week the stock manages to hit a low of 1233 and close the week around the levels of 1271.

Support for the stock lies in the zone of 1255 to 1265 from where the stock has bounced couple of times 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 1220 to 1230 where the stock has made a bottom in the month of August – 2016 and medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 1275 to 1280. Resistance for the stock lies in the zone of 1290 to 1300. If the stock manages to close above these levels then the stock can move to the levels of 1320 where the stock has made a top in the month of September – 2016.

Broad range for the stock in the coming week can be 1250 on lower side to 1290 on upper side.

Nifty Energy Outlook for the Week (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (October 24, 2016 – October 28, 2016) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on positive note gaining around 0.40%.

As we have mentioned last week that support for the index lies in the zone of 9900 to 10000 from where the index has broken out of the top formed in the month of September – 2016. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9700 where short term moving averages are lying. During the week the index manages to hit a low of 9972 and close the week around the levels of 10106.

Support for the index lies in the zone of 9900 to 10000 from where the index has broken out of the top formed in the month of September – 2016. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9700 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 10200 to 10300. Resistance for the index lies in the zone of 10400 to 10500. If the index manages to close above these levels then the index can move to the levels of 10700 where life time high for the index is lying.

Broad range for the index is seen between 9600 to 9700 on downside to 10400 to 10500 on upside.

Nifty Auto Outlook for the Week (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (October 24, 2016 – October 28, 2016) :

NIFTY AUTO:

 

auto

 

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

As we have mentioned last week that minor support for the index lies in the zone of 10060 to 10120. 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 9450 to 9500 from where the index has bounce couple of times in the month of August – 2016. During the week the index manages to hit a low of 9986 and close the week around the levels of 10102.

Minor support for the index lies in the zone of 10060 to 10120. 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 9450 to 9500 from where the index has bounce couple of times in the month of August – 2016.

Minor resistance for the index lies in the zone of 10350 to 10400. 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 (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (October 24, 2016 – October 28, 2016) :

NIFTY PHARMA:

 

pharma

 

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

As we have mentioned last week that resistance for the index lies in the zone of 11600 to 11700 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11900 to 12000 from where the index has sold off. During the week the index manages to hit a high of 11586 and close the week around the levels of 11495.

Support for the index lies in the zone of 11300 to 11400 where medium term and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 11100 to 11200 from where the index has bounced in the month of August – 2016. If the index manages to break these levels on closing basis then the index can witness the correction to the levels of 10600 to 10800 from where the index has bounced in the month of June – 2016.

Resistance for the index lies in the zone of 11600 to 11700 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11900 to 12000 from where the index has sold off.

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

Nifty FMCG Outlook for the Week (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (October 24, 2016 – October 28, 2016) :  

NIFTY FMCG:

 

fmcg

 

Nifty FMCG 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 21100 to 21300 from where the index has broken out of the top of June – 2016. If the index manages to close below these levels then the index can drift to the levels of 20500 where 200 Daily SMA is lying and trend-line joining lows of March – 2016 and May – 2016 is lying. During the week the index manages to hit a low of 21342 and close the week around the levels of 21547.

Support for the index lies in the zone of 21100 to 21300 from where the index has broken out of the top of June – 2016. If the index manages to close below these levels then the index can drift to the levels of 20500 where 200 Daily SMA is lying and trend-line joining lows of March – 2016 and May – 2016 is lying.

Minor resistance for the index lies in the zone of 21700 to 21900 from where the index has broken down from the lows of July – 2016 and August – 2016. If the index manages to close above these levels then the index can move to the levels 22000 to 22100 where short term moving averages are lying.

Broad range for the index in the coming week is seen from 21000 to 21100 on downside to 22000 to 22100 on upside.

Nifty IT Outlook for the Week (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (October 24, 2016 – October 28, 2016) :

NIFTY IT:

 

cnxit

 

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

As we have mentioned last week that resistance for the index lies around 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. During the week the index manages to hit a high of 10483 and close the week around the levels of 10477.

Minor support for the index lies in the zone of 10280 to 10320. 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 around 10500 to 10600 from where the index has broken down from the double bottom pattern and short term moving averages are lying. 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 (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (October 24, 2016 – October 28, 2016) :

NIFTY BANK:

 

banknifty

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 19300 to 19400. Resistance for the index lies in the zone of 19700 to 19800 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 20200 to 20400 where the index has made a top in the month of September – 2016. During the week the index manages to hit a high of 19744 and close the week around the levels of 19711.

Minor support for the index lies in the zone of 19400 to 19500. Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation. Minor support for the index lies in the zone of 18700 to 18800 where medium term moving averages are lying. If the index closes below these levels for couple of days then the index can drift to the levels of 17300 to 17500 where long term moving averages are lying.

Resistance for the index lies in the zone of 19700 to 19800 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 20200 to 20400 where the index has made a top in the month of September – 2016.

Range for the week is seen from 19200 to 19300 on downside to 20200 to 20300 on upside.

Nifty Outlook for the Week (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for Nifty for week (October 24, 2016 – October 28, 2016):

NIFTY:

 

nifty

 

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

As we have mentioned last week that support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July – 2016 and August – 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of 8350 and then 8000 levels can also be not ruled out. During the week the index manages to hit a low of 8506 and close the week around the levels of 8693.

Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July – 2016 and August – 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500. If the index manages to break this trend-line, the up-trend in which the index is moving since March will be broken and we can see the index drifting lower. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of 8350 and then 8000 levels can also be not ruled out.

Minor resistance for the index lies in the zone of 8650 to 8700. Resistance for the index lies in the zone of 8810 to 8850 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September – 2016.

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

Colgate Palmolive Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for Colgate Palmolive for the week (October 17, 2016 – October 21, 2016) :

COLGATE PALMOLIVE:

 

colpal

 

Colgate Palmolive closed the week on negative note losing around 5.00%.

As we have mentioned last week that support for the stock lies in the zone of 955 to 960 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 and August – 2016. During the week the stock manages to hit a low of 911 and close the week around the levels of 920.

Support for the stock lies in the zone of 920 to 930 where the stock has formed a bottom in the month of July – 2016 and August – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 895 to 900 where 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 935 to 940 where medium term moving averages, 500 Daily SMA is lying and lows for the month of August – 2016 is lying. If the stock manages to close above these levels then the stock can move to the levels of 950 to 955 where short term moving averages are lying.

Broad range for the stock is seen between 890 to 900 on lower end and 950 to 955 on upper end.

Dabur Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for DABUR for the week (October 17, 2016 – October 21, 2016) :

DABUR:

 

dabur

 

Dabur 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 278 to 280 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 266 to 268 where 500 Daily SMA is lying. During the week the stock manages to hit a low of 279 and close the week around the levels of 280.

Support for the stock lies in the zone of 278 to 280 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 266 to 268 where 500 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 285 to 287. Resistance for the stock lies in the zone of 290 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 298 to 300 from where the stock has sold off in the month of September – 2016.

Broad range for the stock is seen between 270 to 273 on lower end and 288 to 290 on upper end.

Hindustan Unilever Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (October 17, 2016 – October 21, 2016) :

HINDUSTAN UNILEVER:

 

hindu

 

HIND Unilever closed the week on negative note losing around 4.00%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 880 to 885. Resistance for the stock lies in the zone of 900 from where the stock has broken down after consolidating for 1 month and medium term moving averages are lying. During the week the stock manages to hit a high of 886 and close the week around the levels of 842.

Minor support for the stock lies in the zone of 826 to 834. Support for the stock lies in the zone of 800 to 805 from where the stock has bounced in the month of May – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 760 to 765 from where the stock has bounced in the month of January – 2016.

The stock has broken down from the major trend-line support. Resistance for the stock lies in the zone of 850 to 855 where trend-line joining lows of January – 2016 and May – 2016 is lying and also 500 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 870 to 875 where 200 Daily SMA is lying.

Broad range for the stock in coming week is seen between 800 to 805 on downside and 870 to 875 on upside.

ITC Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for ITC for the week (October 17, 2016 – October 21, 2016) :

ITC:

 

itc

 

ITC 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 235. Support for the stock lies in the zone of 228 to 231 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 220 to 225. During the week the stock manages to hit a low of 237 and close the week around the levels of 240.

Minor support for the stock lies in the zone of 235. Support for the stock lies in the zone of 228 to 231 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 220 to 225.

Minor resistance for the stock lies in the zone of 244 to 246 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 248 to 250 where short term moving averages are lying.

Broad range for the stock in coming week is seen between 230 to 232 on downside and 245 to 247 on upside.

Cipla Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for Cipla for the week (October 17, 2016 – October 21, 2016) :

CIPLA:

 

cipla

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 585 to 590. 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. During the week the stock manages to hit a high of 599 and close the week around the levels of 587.

Support for the stock lies in the zone of 565 to 570 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 from where the stock broken out of the double top pattern and 200 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 595 to 600. 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 560 – 565 on downside to 600 – 605 on upside.

Dr. Reddy Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (October 17, 2016 – October 21, 2016) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on negative note losing around 0.80%.

As we have mentioned last week that resistance for the stock lies in the zone of 3100 to 3130 where 200 Daily SMA and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 3180 to 3230 levels where the stock has formed a double top formation. During the week the stock manages to hit a high of 3099 and close the week around the levels of 3031.

Minor support for the stock lies in the zone of 2980 to 3000. Support for the stock lies in the zone of 2900 to 2920 from where the stock has bounced in the month of August – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 2750 to 2800 where the stock has formed a bottom in the month of January – 2016 and February – 2016.

Minor resistance for the stock lies in the zone of 3065 to 3085. Resistance for the stock lies in the zone of 3100 to 3130 where 200 Daily SMA and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 3180 to 3230 levels where the stock has formed a double top formation.

Broad range for the stock is seen from 2900 – 2930 on downside to 3100 – 3130 on upside.

Lupin Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for Lupin for the week (October 17, 2016 – October 21, 2016) :

LUPIN:

 

lupin

 

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

As we have mentioned last week that the stock is trading around the levels of 1480 to 1500 from where the stock broke out of the consolidation zone in the month of June – 2016. Minor support for the stock lies in the zone of 1450. 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. During the week the stock manages to hit a low of 1450 and close the week around the levels of 1465.

Minor support for the stock lies in the zone of 1450. 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 1490 to 1510. Resistance for the stock lies in the zone of 1540 to 1560 where short term moving averages 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 1620 where long term moving averages are lying.

Broad range for the stock is seen from 1400 – 1410 on downside to 1510 – 1520 on upside.

Sun Pharma Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (October 17, 2016 – October 21, 2016) :

SUN PHARMA:

 

sun

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 730. Support for the stock lies in the zone of 700 to 710 from where the stock has bounced in the month of June – 2016 and November – 2015. If the stock manages to close below these levels then the stock can witness a major break down and can drift to the levels of 650. During the week the stock manages to hit a low of 735 and close the week around the levels of 745.

Minor support for the stock lies in the zone of 730. Support for the stock lies in the zone of 700 to 710 from where the stock has bounced in the month of June – 2016 and November – 2015. If the stock manages to close below these levels then the stock can witness a major break down and can drift to the levels of 650.

Minor resistance for the stock lies in the zone of 755 to 760. Resistance for the stock lies in the zone of 770 to 780 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 800 to 810 where 200 Daily SMA is lying.

Broad range for the stock in the coming week can be 720 – 725 on lower side to 760 – 765 on upper side.

Wipro Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for Wipro for the week (October 17, 2016 – October 21, 2016) :

WIPRO:

 

wipro

 

Wipro 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 470 to 475 where the stock has taken support in the month of December – 2013 and May – 2014. The stock has seen a major break down on long term charts and the stock can drift to the levels of around 450. During the week the stock manages to hit a low of 474 and close the week around the levels of 475.

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. The stock has seen a major break down on long term charts and the stock can drift to the levels of around 450.

Minor resistance for the stock lies in the zone of 485 to 490. 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 (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for HCL Tech for the week (October 17, 2016 – October 21, 2016) :

HCL TECHNOLOGIES:

 

hclt

 

HCL Tech closed the week on positive note gaining around 0.80%.

As we have mentioned last week that resistance for the stock lies in the zone of 820 to 830. If the stock manages to close above these levels then the stock can move to the levels of 845 to 850 from where the stock sold off on 03/08/2016. During the week the stock manages to hit a high of 825 and close the week around the levels of 813.

Support for the stock lies in the zone of 780 to 790 where medium term moving averages and 200 Daily SMA 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 820 to 830. If the stock manages to close above these levels then the stock can move to the levels of 845 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 830 to 840 on upside.

TCS Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for TCS for the week (October 17, 2016 – October 21, 2016) :

TATA CONSULTANCY SERVICES:

 

tcs

 

TCS closed the week on absolutely flat note.

As we have mentioned last week that 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 stock can drift to the levels of 2120 to 2150 where the stock has formed a bottom in the month of February – 2016. During the week the stock manages to hit a low of 2291 and close the week around the levels of 2366.

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 stock can drift to the levels of 2120 to 2150 where the stock has formed a bottom in the month of February – 2016.

Resistance zone of 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 short term moving averages and 200 Daily SMA are lying.

Broad range for the stock in the coming week is seen between 2300 to 2310 on downside to 2420 to 2440 on upside.

Infosys Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for Infosys for the week (October 17, 2016 – October 21, 2016) :

INFOSYS:

 

infy

 

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

As we have mentioned last week that Minor resistance for the stock lies in the zone of 1050 to 1060 where short term moving averages are lying. 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 1083 and close the week around the levels of 1027.

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 and August – 2016. 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 where short term moving averages are lying. 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 950 to 960 on downside to 1055 to 1060 on upside.

SBI Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for SBI for the week (October 17, 2016 – October 21, 2016) :

STATE BANK OF INDIA:

 

sbin

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 252 to 254. Support for the stock lies in the zone of 245 to 247 where short term and 500 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 232 to 235 from where the stock bas broken out of the top formed in the month of July – 2016. During the week the stock manages to hit a low of 246 and close the week around the levels of 252.

Support for the stock lies in the zone of 245 to 247 where short term and 500 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 232 to 235 from where the stock bas broken out of the top formed in the month of July – 2016 and medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 256 to 258. Resistance for the stock lies in the zone of 263 to 265. If the stock manages to close above these levels then the stock can move to the levels of 272 where the stock has made a top in the month of September – 2016.

Broad range for the stock in the coming week can be 240 to 242 on lower side to 258 to 260 on upper side.

Axis Bank Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for Axis Bank for the week (October 17, 2016 – October 21, 2016) :

AXIS BANK:

 

axis

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 520 to 525. Support for the stock lies in the zone of 510 to 515 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 from where the stock has bounced in the month of June – 2016 and 200 Daily SMA is lying. During the week the stock manages to hit a low of 513 and close the week around the levels of 521.

Support for the stock lies in the zone of 510 to 515 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 from where the stock has bounced in the month of June – 2016 and 200 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 530 to 535. Resistance for the stock lies in the zone of 545 to 550 where medium term moving averages are lying. Resistance for the stock lies in the zone of 560 to 565 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 500 – 505 on lower side to 540 – 545 on upper side.

ICICI Bank Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (October 17, 2016 – October 21, 2016) :

ICICI BANK:

 

icici

 

ICICI Bank closed the week on negative note losing around 3.50%.

As we have mentioned last week that the stock has closed around the support zone of 248 to 250 where medium term moving averages are lying. If the stock manages to close below these levels then the stock can move to the levels of 236 to 240 where 200 Daily SMA is lying. If the stock closes below these levels then the stock can drift to the levels of 220 to 222. During the week the stock manages to hit a low of 239 and close the week around the levels of 242.

Support for the stock lies in the zone of 237 to 240 where 200 Daily SMA is lying. If the stock closes below these levels then the stock can drift to the levels of 220 to 222 from where the stock has bounced in the month of June – 2016.

Resistance for the stock lies in the zone of 248 to 251 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 257 to 260.

Broad range for the stock in the coming week can be 230 – 232 on lower side to 248 – 250 on upper side.

HDFC Bank Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (October 17, 2016 – October 21, 2016) :

HDFC BANK:

 

hdfc

 

HDFC Bank closed the week on negative note losing around 1.50%.

As we have mentioned last week that resistance for the stock lies in the zone of 1290 to 1300. If the stock manages to close above these levels then the stock can move to the levels of 1320 where the stock has made a top in the month of September – 2016. During the week the stock manages to hit a high of 1288 and close the week around the levels of 1262.

Support for the stock lies in the zone of 1255 to 1265 from where the stock has bounced couple of times 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 1220 to 1230 where the stock has made a bottom in the month of August – 2016 and medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 1275 to 1280. Resistance for the stock lies in the zone of 1290 to 1300. If the stock manages to close above these levels then the stock can move to the levels of 1320 where the stock has made a top in the month of September – 2016.

Broad range for the stock in the coming week can be 1240 on lower side to 1280 on upper side.

Nifty Energy Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (October 17, 2016 – October 21, 2016) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY 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 10000 from where the index has broken out of the top formed in the month of September – 2016. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9700 where short term moving averages are lying. During the week the index manages to hit a low of 9856 and close the week around the levels of 10062.

Support for the index lies in the zone of 9900 to 10000 from where the index has broken out of the top formed in the month of September – 2016. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9700 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 10200 to 10300. Resistance for the index lies in the zone of 10400 to 10500. If the index manages to close above these levels then the index can move to the levels of 10700 where life time high for the index is lying.

Broad range for the index is seen between 9600 to 9700 on downside to 10400 to 10500 on upside.

Nifty Auto Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (October 17, 2016 – October 21, 2016) :

NIFTY AUTO:

 

auto

 

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

As we have mentioned last week that minor support for the index lies in the zone of 10060 to 10120. 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 9450 to 9500 from where the index has bounce couple of times in the month of August – 2016. During the week the index manages to hit a low of 10116 and close the week around the levels of 10223.

Minor support for the index lies in the zone of 10060 to 10120. 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 9450 to 9500 from where the index has bounce couple of times in the month of August – 2016.

Minor resistance for the index lies in the zone of 10350 to 10400. 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 9850 to 9900 on downside to 10500 to 10600 on upside.

Nifty Pharma Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (October 17, 2016 – October 21, 2016) :

NIFTY PHARMA:

 

pharma

 

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

As we have mentioned last week that support for the index lies in the zone of 11300 to 11400 where medium term and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 11100 to 11200 from where the index has bounced in the month of August – 2016. During the week the index manages to hit a low of 11301 and close the week around the levels of 11380.

Support for the index lies in the zone of 11300 to 11400 where medium term and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 11100 to 11200 from where the index has bounced in the month of August – 2016. If the index manages to break these levels on closing basis then the index can witness the correction to the levels of 10600 to 10800 from where the index has bounced in the month of June – 2016.

Resistance for the index lies in the zone of 11600 to 11700 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11900 to 12000 from where the index has sold off.

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

Nifty FMCG Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (October 17, 2016 – October 21, 2016) :  

NIFTY FMCG:

 

fmcg

 

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

As we have mentioned last week that the index has closed around the medium term moving averages lying at 21500. Support for the index lies in the zone of 21100 to 21300 from where the index has broken out of the top of June – 2016. If the index manages to close below these levels then the index can drift to the levels of 20500 where 200 Daily SMA is lying and trend-line joining lows of March – 2016 and May – 2016 is lying. During the week the index manages to hit a low of 21340 and close the week around the levels of 21423.

Support for the index lies in the zone of 21100 to 21300 from where the index has broken out of the top of June – 2016. If the index manages to close below these levels then the index can drift to the levels of 20500 where 200 Daily SMA is lying and trend-line joining lows of March – 2016 and May – 2016 is lying.

Minor resistance for the index lies in the zone of 21700 to 21900 from where the index has broken down from the lows of July – 2016 and August – 2016. If the index manages to close above these levels then the index can move to the levels 22000 to 22100 where short term moving averages are lying.

Broad range for the index in the coming week is seen from 20800 to 20900 on downside to 22100 to 22300 on upside.

Nifty IT Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (October 17, 2016 – October 21, 2016) :

NIFTY IT:

 

it

 

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

As we have mentioned last week that support for the index lies in the zone of 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 10116 and close the week around the levels of 10229.

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 around 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 9500 to 9600 on downside to 10500 to 10600 on upside.

Nifty Bank Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (October 17, 2016 – October 21, 2016) :

NIFTY BANK:

 

bank

 

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

As we have mentioned last week that Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 19000. If the index breaks below these levels and closes below these levels then the index will break the up-trend started from March – 2016. During the week the index manages to hit a low of 18824 and close the week around the levels of 19020.

Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation. The index has broken the trend-line joining the lows of March, April, May & June also coincides with the support zone of 19000 to 19100. Minor support for the index lies in the zone of 18700 to 18800 where medium term moving averages are lying. If the index closes below these levels for couple of days then the index can drift to the levels of 17300 to 17500 where long term moving averages are lying.

Minor resistance for the index lies in the zone of 19300 to 19400. Resistance for the index lies in the zone of 19700 to 19800 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 20200 to 20400 where the index has made a top in the month of September – 2016.

Range for the week is seen from 18500 to 18600 on downside to 19200 to 19300 on upside.

Nifty Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for Nifty for week (October 17, 2016 – October 21, 2016):

NIFTY:

 

nifty

 

Nifty ended the week on negative note losing around 1.30%.

As we have mentioned last week that Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July – 2016 and August – 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500. If the index manages to break this trend-line, the up-trend in which the index is moving since March will be broken and we can see the index drifting lower. During the week the index manages to hit a low of 8541 and close the week around the levels of 8583.

Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July – 2016 and August – 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500. If the index manages to break this trend-line, the up-trend in which the index is moving since March will be broken and we can see the index drifting lower. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of 8350 and then 8000 levels can also be not ruled out.

Minor resistance for the index lies in the zone of 8650 to 8700. Resistance for the index lies in the zone of 8810 to 8850 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September – 2016.

Broad range for the week is seen from 8300 on downside to 8700 on upside.

Colgate Palmolive Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for Colgate Palmolive for the week (October 10, 2016 – October 14, 2016) :

COLGATE PALMOLIVE:

 

colpal

 

Colgate Palmolive closed the week on negative note losing around 0.10%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 999 and close the week around the levels of 969.

Support for the stock lies in the zone of 955 to 960 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 and August – 2016.

Minor resistance for the stock lies in the zone of 985 to 995. 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 940 to 945 on lower end and 990 to 995 on upper end.

Dabur Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for DABUR for the week (October 10, 2016 – October 14, 2016) :

DABUR:

 

dabur

 

Dabur closed the week on positive note gaining around 5.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 278 to 281 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 290 where short term and medium term moving averages are lying. During the week the stock manages to hit a high of 288 and close the week around the levels of 285.

Support for the stock lies in the zone of 278 to 280 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 266 to 268 where 500 Daily SMA is lying.

Resistance for the stock lies in the zone of 290 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 298 to 300 from where the stock has sold off in the month of September – 2016.

Broad range for the stock is seen between 270 to 273 on lower end and 297 to 300 on upper end.

Hindustan Unilever Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (October 10, 2016 – October 14, 2016) :

HINDUSTAN UNILEVER:

 

hind

 

HIND Unilever 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 865 to 870 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 850 where trend-line joining lows of January – 2016 and May – 2016 is lying. During the week the stock manages to hit a low of 859 and close the week around the levels of 877.

Support for the stock lies in the zone of 865 to 870 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 850 where trend-line joining lows of January – 2016 and May – 2016 is lying.

Minor resistance for the stock lies in the zone of 880 to 885. Resistance for the stock lies in the zone of 900 from where the stock has broken down after consolidating for 1 month and medium term moving averages are lying.

Broad range for the stock in coming week is seen between 850 to 855 on downside and 890 to 900 on upside.

ITC Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for ITC for the week (October 10, 2016 – October 14, 2016) :

ITC:

 

itc

 

ITC closed the week on negative note losing around 1.00%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 245 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 250 to 252 where short term moving averages are lying. During the week the stock manages to hit a high of 244 and close the week around the levels of 239.

Minor support for the stock lies in the zone of 235. Support for the stock lies in the zone of 228 to 231 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 220 to 225.

Minor resistance for the stock lies in the zone of 245 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 250 to 252 where short term moving averages are lying.

Broad range for the stock in coming week is seen between 230 to 232 on downside and 245 to 247 on upside.

 

 

Cipla Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for Cipla for the week (October 10, 2016 – October 14, 2016) :

CIPLA:

 

cipla

 

CIPLA 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 560 to 565 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 538 to 540 from where the stock broken out of the short term top and 200 Daily SMA is lying. During the week the stock manages to hit a low of 566 and close the week around the levels of 570.

Support for the stock lies in the zone of 560 to 565 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 538 to 540 from where the stock broken out of the short term top and 200 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 585 to 590. 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 550 – 555 on downside to 585 – 590 on upside.

Dr. Reddy Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (October 10, 2016 – October 14, 2016) :

DR. REDDY:

 

drr

 

Dr Reddy 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 3100 to 3130 where 200 Daily SMA is 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. If the stock manages to close below these levels then the stock can drift to the levels of 2920 to 2950. During the week the stock manages to hit a low of 3045 and close the week around the levels of 3054.

Support for the stock lies in the zone of 3050 to 3070 from where the stock broke out of 1 month of consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 2920 to 2950.

Resistance for the stock lies in the zone of 3100 to 3130 where 200 Daily SMA and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 3180 to 3230 levels where the stock has formed a double top formation.

Broad range for the stock is seen from 2970 – 2990 on downside to 3100 – 3130 on upside.

Lupin Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for Lupin for the week (October 10, 2016 – October 14, 2016) :

LUPIN:

 

lupin

 

Lupin closed the week on positive note gaining around 0.90%.

As we have mentioned last week that the stock is trading around the levels of 1480 to 1500 from where the stock broke out of the consolidation zone in the month of June – 2016. Minor support for the stock lies in the zone of 1450. 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. During the week the stock manages to hit a low of 1479 and close the week around the levels of 1500.

The stock is trading around the levels of 1480 to 1500 from where the stock broke out of the consolidation zone in the month of June – 2016. Minor support for the stock lies in the zone of 1450. 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 1540 to 1560 where short term moving averages 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 1620 where long term moving averages are lying.

Broad range for the stock is seen from 1460 – 1470 on downside to 1530 – 1540 on upside.

Sun Pharma Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (October 10, 2016 – October 14, 2016) :

SUN PHARMA:

 

sun

 

SUN PHARMA 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 745 to 750. Resistance for the stock lies in the zone of 760 to 765. If the stock manages to close above these levels then the stock can move to the levels of 780 to 785 where short term and medium term moving averages are lying. During the week the stock manages to hit a high of 773 and close the week around the levels of 751.

Minor support for the stock lies in the zone of 730. Support for the stock lies in the zone of 700 to 710 from where the stock has bounced in the month of June – 2016 and November – 2015. If the stock manages to close below these levels then the stock can witness a major break down and can drift to the levels of 650.

Resistance for the stock lies in the zone of 770 to 780 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 800 to 810 where 200 Daily SMA is lying.

Broad range for the stock in the coming week can be 720 – 725 on lower side to 760 – 765 on upper side.

Wipro Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for Wipro for the week (October 10, 2016 – October 14, 2016) :

WIPRO:

 

wipro

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 485 to 490. 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. During the week the stock manages to hit a high of 485 and close the week around the levels of 477.

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. The stock has seen a major break down on long term charts and the stock can drift to the levels of around 450.

Minor resistance for the stock lies in the zone of 485 to 490. 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 (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for HCL Tech for the week (October 10, 2016 – October 14, 2016) :

HCL TECHNOLOGIES:

 

hcl

 

HCL Tech 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 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 785 and close the week around the levels of 807.

Support for the stock lies in the zone of 780 to 790 where medium term moving averages and 200 Daily SMA 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 820 to 830. If the stock manages to close above these levels then the stock can move to the levels of 845 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 830 to 840 on upside.

TCS Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for TCS for the week (October 10, 2016 – October 14, 2016) :

TATA CONSULTANCY SERVICES:

 

tcs

 

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

As we have mentioned last week that the stock has closed around the resistance 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 short term moving averages and 200 Daily SMA are lying. During the week the stock manages to hit a high of 2458 and close the week around the levels of 2368.

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 stock can drift to the levels of 2120 to 2150 where the stock has formed a bottom in the month of February – 2016.

Resistance zone of 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 short term moving averages and 200 Daily SMA are lying.

Broad range for the stock in the coming week is seen between 2300 to 2310 on downside to 2420 to 2440 on upside.

Infosys Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for Infosys for the week (October 10, 2016 – October 14, 2016) :

INFOSYS:

 

infy

 

INFY closed the week on negative note losing around 2.30%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 1010 and close the week around the levels of 1013.

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 and August – 2016. 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 where short term moving averages are lying. 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 950 to 960 on downside to 1055 to 1060 on upside.

 

 

Axis Bank Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for Axis Bank for the week (October 10, 2016 – October 14, 2016) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on negative note losing around 1.40%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 548 to 552 where medium term moving averages are lying. Resistance for the stock lies in the zone of 570 to 575 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. During the week the stock manages to hit a high of 553 and close the week around the levels of 534.

Minor support for the stock lies in the zone of 520 to 525. Support for the stock lies in the zone of 510 to 515 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 from where the stock has bounced in the month of June – 2016 and 200 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 548 to 552 where medium term moving averages are lying. Resistance for the stock lies in the zone of 560 to 565 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 510 – 515 on lower side to 550 – 555 on upper side.

 

 

SBI Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for SBI for the week (October 10, 2016 – October 14, 2016) :

STATE BANK OF INDIA:

 

sbin

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 256 to 258. Resistance for the stock lies in the zone of 258 to 260. If the stock manages to close above these levels then the stock can move to the levels of 272 where the stock has made a top in the month of September – 2016. During the week the stock manages to hit a high of 265 and close the week around the levels of 259.

Minor support for the stock lies in the zone of 252 to 254. Support for the stock lies in the zone of 245 to 247 where short term and 500 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 232 to 235 from where the stock bas broken out of the top formed in the month of July – 2016.

Resistance for the stock lies in the zone of 263 to 265. If the stock manages to close above these levels then the stock can move to the levels of 272 where the stock has made a top in the month of September – 2016.

Broad range for the stock in the coming week can be 250 to 252 on lower side to 267 to 269 on upper side.

 

 

ICICI Bank Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (October 10, 2016 – October 14, 2016) :

ICICI BANK:

 

icici

 

ICICI Bank closed the week on negative note losing around 0.60%.

As we have mentioned last week that resistance for the stock lies in the zone of 260 to 262 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 268 to 270. During the week the stock manages to hit a high of 261 and close the week around the levels of 251.

The stock has closed around the support zone of 248 to 250 where medium term moving averages are lying. If the stock manages to close below these levels then the stock can move to the levels of 236 to 240 where 200 Daily SMA is lying. If the stock closes below these levels then the stock can drift to the levels of 220 to 222.

Resistance for the stock lies in the zone of 260 to 262 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 268 to 270.

Broad range for the stock in the coming week can be 240 – 242 on lower side to 260 – 262 on upper side.

 

 

HDFC Bank Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (October 10, 2016 – October 14, 2016) :

HDFC BANK:

 

hdfcb

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 1290 to 1300. If the stock manages to close above these levels then the stock can move to the levels of 1320 where the stock has made a top in the month of September – 2016. During the week the stock manages to hit a high of 1300 and close the week around the levels of 1281.

Support for the stock lies in the zone of 1260 to 1265 from where the stock has bounced couple of times 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 1220 to 1230 where the stock has made a bottom in the month of August – 2016.

Resistance for the stock lies in the zone of 1290 to 1300. If the stock manages to close above these levels then the stock can move to the levels of 1320 where the stock has made a top in the month of September – 2016.

Broad range for the stock in the coming week can be 1250 on lower side to 1300 on upper side.

 

 

Nifty Energy Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (October 10, 2016 – October 14, 2016) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on positive note gaining around 4.00%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 10344 and close the week around the levels of 10145.

Support for the index lies in the zone of 10000 from where the index has broken out of the top formed in the month of September – 2016. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9700 where short term moving averages are lying.

Resistance for the index lies in the zone of 10400 to 10500. If the index manages to close above these levels then the index can move to the levels of 10700 where life time high for the index is lying.

Broad range for the index is seen between 9600 to 9700 on downside to 10400 to 10500 on upside.

Nifty Auto Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (October 10, 2016 – October 14, 2016) :

NIFTY AUTO:

 

auto

 

Nifty AUTO index closed the week on positive note gaining around 3.10%.

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 10402 and close the week around the levels of 10344.

Minor support for the index lies in the zone of 10060 to 10120. 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 9450 to 9500 from where the index has bounce couple of times in the month of August – 2016.

Minor resistance for the index lies in the zone of 10350 to 10400. 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 10000 to 10050 on downside to 10500 to 10600 on upside.

Nifty Pharma Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (October 10, 2016 – October 14, 2016) :

NIFTY PHARMA:

 

pharma

 

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

As we have mentioned last week that resistance for the index lies in the zone of 11600 to 11700 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11900 to 12000 from where the index has sold off. During the week the index manages to hit a high of 11748 and close the week around the levels of 11480.

Support for the index lies in the zone of 11300 to 11400 where medium term and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 11100 to 11200 from where the index has bounced in the month of August – 2016.

Resistance for the index lies in the zone of 11600 to 11700 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11900 to 12000 from where the index has sold off.

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

Nifty FMCG Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (October 10, 2016 – October 14, 2016) :  

NIFTY FMCG:

 

fmcg

 

Nifty FMCG index closed the week on positive note gaining around 0.40%.

As we have mentioned last week that minor resistance for the index lies in the zone of 21700 to 21900 from where the index has broken down from the lows of July – 2016 and August – 2016. If the index manages to close above these levels then the index can move to the levels 22000 to 22100 where short term moving averages are lying. During the week the index manages to hit a high of 21879 and close the week around the levels of 21639.

The index has closed around the medium term moving averages lying at 21500. Support for the index lies in the zone of 21100 to 21300 from where the index has broken out of the top of June – 2016. If the index manages to close below these levels then the index can drift to the levels of 20500 where 200 Daily SMA is lying and trend-line joining lows of March – 2016 and May – 2016 is lying.

Minor resistance for the index lies in the zone of 21700 to 21900 from where the index has broken down from the lows of July – 2016 and August – 2016. If the index manages to close above these levels then the index can move to the levels 22000 to 22100 where short term moving averages are lying.

Broad range for the index in the coming week is seen from 20800 to 20900 on downside to 22100 to 22300 on upside.

Nifty IT Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (October 10, 2016 – October 14, 2016) :

NIFTY IT:

 

cnxit

 

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

As we have mentioned last week that support for the index lies in the zone of 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 10146 and close the week around the levels of 10184.

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 around 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.

IT giants Infy & TCS are announcing there quarterly results coming week so the index can be volatile and can swing on either side.

Broad range for the index in the coming week is seen from 9500 to 9600 on downside to 10500 to 10600 on upside.

 

 

Nifty Bank Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (October 10, 2016 – October 14, 2016) :

NIFTY BANK:

 

bank

 

Nifty Bank 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 19500 to 19700 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 20200 to 20400. During the week the index manages to hit a high of 19816 and close the week around the levels of 19400.

Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 19000. If the index breaks below these levels and closes below these levels then the index will break the up-trend started from March – 2016. If the index closes below these levels for couple of days then the index can drift to the levels of 17800 to 18000 where long term moving averages are lying.

Resistance for the index lies in the zone of 19700 to 19800 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 20200 to 20400 where the index has made a top in the month of September – 2016.

Range for the week is seen from 18800 to 18900 on downside to 19800 to 19900 on upside.

 

 

Nifty Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for Nifty for week (October 10, 2016 – October 14, 2016):

NIFTY:

 

nifty

 

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

As we have mentioned last week that resistance for the index lies in the zone of 8680 to 8720 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September – 2016. During the week the index manages to hit a high of 8807 and close the week around the levels of 8697.

Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July – 2016 and August – 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500. If the index manages to break this trend-line, the up-trend in which the index is moving since March will be broken and we can see the index drifting lower. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of 8350 and then 8000 levels can also be not ruled out.

Minor resistance for the index lies in the zone of 8680 to 8720. Resistance for the index lies in the zone of 8810 to 8850 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September – 2016.

Broad range for the week is seen from 8500 on downside to 8900 on upside.

 

 

Colgate Palmolive Outlook for the Week (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for Colgate Palmolive for the week (October 03, 2016 – October 07, 2016) :

COLGATE PALMOLIVE:

 

colpal

 

Colgate Palmolive closed the week on negative note losing around 0.80%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 992 and close the week around the levels of 971.

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 (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for DABUR for the week (October 03, 2016 – October 07, 2016) :

DABUR:

 

dabur

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a low of 266 and close the week around the levels of 271.

Support for the stock lies in the zone of 264 to 267 where 500 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 250 to 253 from where the stock has broken out of the consolidation phase from January – 2016 to March – 2016.

Resistance for the stock lies in the zone of 278 to 281 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 290 where short term and medium term moving averages are lying.

Broad range for the stock is seen between 250 to 275 on lower end and 280 to 282 on upper end.

Hindustan Unilever Outlook for the Week (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (October 03, 2016 – October 07, 2016) :

HINDUSTAN UNILEVER:

 

hind

 

HIND Unilever closed the week on negative note losing around 4.70%.

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 865 and close the week around the levels of 868.

Support for the stock lies in the zone of 865 to 870 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 850 where trend-line joining lows of January – 2016 and May – 2016 is lying.

Minor resistance for the stock lies in the zone of 880 to 885. Resistance for the stock lies in the zone of 900 from where the stock has broken down after consolidating for 1 month and medium term moving averages are lying.

Broad range for the stock in coming week is seen between 848 to 852 on downside and 890 to 900 on upside.

ITC Outlook for the Week (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for ITC for the week (October 03, 2016 – October 07, 2016) :

ITC:

 

itc

 

ITC closed the week on negative note losing around 4.80%.

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 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. During the week the stock manages to hit a low of 240 and close the week around the levels of 241.

Minor support for the stock lies in the zone of 235. Support for the stock lies in the zone of 228 to 231 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 220 to 225.

Minor resistance for the stock lies in the zone of 245 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 250 to 252 where short term moving averages are lying.

Broad range for the stock in coming week is seen between 232 to 234 on downside and 248 to 250 on upside.

Cipla Outlook for the Week (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for Cipla for the week (October 03, 2016 – October 07, 2016) :

CIPLA:

 

cipla

 

CIPLA closed the week on negative note losing around 5.20%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 615 and close the week around the levels of 580.

Support for the stock lies in the zone of 560 to 565 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 538 to 540 from where the stock broken out of the short term top and 200 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 585 to 590. 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 555 – 560 on downside to 600 – 615 on upside.

Dr. Reddy Outlook for the Week (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (October 03, 2016 – October 07, 2016) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on negative note losing around 2.40%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 3228 and close the week around the levels of 3107.

Support for the stock lies in the zone of 3100 to 3130 where 200 Daily SMA is 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. If the stock manages to close below these levels then the stock can drift to the levels of 2920 to 2950.

Minor resistance for the stock lies in the zone of 3150 to 3170 where short term moving averages are lying. 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 3020 – 3040 on downside to 3160 – 3180 on upside.

Lupin Outlook for the Week (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for Lupin for the week (October 03, 2016 – October 07, 2016) :

LUPIN:

 

lupin

 

Lupin closed the week on negative note losing around 0.20%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 1532 and close the week around the levels of 1486.

The stock is trading around the levels of 1480 to 1500 from where the stock broke out of the consolidation zone in the month of June – 2016. Minor support for the stock lies in the zone of 1450. 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 (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (October 03, 2016 – October 07, 2016) :

SUN PHARMA:

 

sun

 

SUN PHARMA closed the week on negative note losing around 4.80%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 784 and close the week around the levels of 743.

Minor support for the stock lies in the zone of 730. Support for the stock lies in the zone of 700 to 710 from where the stock has bounced in the month of June – 2016 and November – 2015. If the stock manages to close below these levels then the stock can witness a major break down and can drift to the levels of 650.

Minor resistance for the stock lies in the zone of 745 to 750. Resistance for the stock lies in the zone of 760 to 765. If the stock manages to close above these levels then the stock can move to the levels of 780 to 785 where short term and medium term moving averages are lying.

Broad range for the stock in the coming week can be 720 – 725 on lower side to 760 – 765 on upper side.

Wipro Outlook for the Week (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for Wipro for the week (October 03, 2016 – October 07, 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 470 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 485 to 490. 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 (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for HCL Tech for the week (October 03, 2016 – October 07, 2016) :

HCL TECHNOLOGIES:

 

hcl

 

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

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

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 (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for TCS for the week (October 03, 2016 – October 07, 2016) :

TATA CONSULTANCY SERVICES:

 

tcs

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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 2456 and close the week around the levels of 2431.

Minor support for the stock lies in the zone of 2370 to 2380. 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.

The stock has closed around the resistance 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 short term moving averages and 200 Daily SMA are lying.

Broad range for the stock in the coming week is seen between 2350 to 2370 on downside to 2460 to 2480 on upside.

Infosys Outlook for the Week (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for Infosys for the week (October 03, 2016 – October 07, 2016) :

INFOSYS:

 

infy

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a low of 1024 and close the week around the levels of 1036.

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 1010 to 1015 on downside to 1055 to 1060 on upside.

SBI Outlook for the Week (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for SBI for the week (October 03, 2016 – October 07, 2016) :

STATE BANK OF INDIA:

 

sbin

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 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 243 and close the week around the levels of 251.

Support for the stock lies in the zone of 245 to 247 where short term and 500 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 232 to 235 from where the stock bas broken out of the top formed in the month of July – 2016.

Minor resistance for the stock lies in the zone of 256 to 258. Resistance for the stock lies in the zone of 258 to 260. If the stock manages to close above these levels then the stock can move to the levels of 272 where the stock has made a top in the month of September – 2016.

Broad range for the stock in the coming week can be 240 to 242 on lower side to 260 to 262 on upper side.

Axis Bank Outlook for the Week (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for Axis Bank for the week (October 03, 2016 – October 07, 2016) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on negative note losing around 2.90%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 523 and close the week around the levels of 541.

Minor support for the stock lies in the zone of 520 to 525. Support for the stock lies in the zone of 510 to 515 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 from where the stock has bounced in the month of June – 2016 and 200 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 548 to 552 where medium term moving averages are lying. Resistance for the stock lies in the zone of 570 to 575 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 515 – 520 on lower side to 565 – 570 on upper side.

ICICI Bank Outlook for the Week (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (October 03, 2016 – October 07, 2016) :

ICICI BANK:

 

icici

 

ICICI Bank closed the week on negative note losing around 7.00%.

As we have mentioned last week that 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. During the week the stock opened below the support zone and drifted lower towards the levels of 243 and close the week around the levels of 252.

Support for the stock lies in the zone of 248 to 250 where medium term moving averages are lying. If the stock manages to close below these levels then the stock can move to the levels of 236 to 240 where 200 Daily SMA is lying. If the stock closes below these levels then the stock can drift to the levels of 220 to 222.

Resistance for the stock lies in the zone of 260 to 262 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 268 to 270.

Broad range for the stock in the coming week can be 236 – 238 on lower side to 260 – 262 on upper side.

HDFC Bank Outlook for the Week (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (October 03, 2016 – October 07, 2016) :

HDFC BANK:

 

hdfc

 

HDFC Bank closed the week on negative note losing around 3.00%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 1267 and close the week around the levels of 1273.

Support for the stock lies in the zone of 1260 to 1265 from where the stock has bounced couple of times 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 1220 to 1230 where the stock has made a bottom in the month of August – 2016.

Resistance for the stock lies in the zone of 1290 to 1300. If the stock manages to close above these levels then the stock can move to the levels of 1320 where the stock has made a top in the month of September – 2016.

Broad range for the stock in the coming week can be 1250 on lower side to 1300 on upper side.

Nifty Energy Outlook for the Week (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (October 03, 2016 – October 07, 2016) :

NIFTY ENERGY:

 

energy

 

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

As we have mentioned last week that 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. During the week the index manages to hit a high of 10018 and close the week around the levels of 9756.

Support for the index lies in the zone of 9450 to 9500 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 9200 to 9250.

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 9500 to 9550 on downside to 10000 to 10100 on upside.

Nifty Auto Outlook for the Week (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (October 03, 2016 – October 07, 2016) :

NIFTY AUTO:

 

auto

 

Nifty AUTO index closed 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 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. During the week the index manages to hit a low of 9842 and close the week around the levels of 10029.

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 9450 to 9500 from where the index has bounce couple of times in the month of August – 2016.

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 9700 to 9750 on downside to 10300 to 10400 on upside.

Nifty Pharma Outlook for the Week (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (October 03, 2016 – October 07, 2016) :

NIFTY PHARMA:

 

pharma

 

Nifty PHARMA index closed the week on negative note losing around 2.90%.

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 11269 and close the week around the levels of 11461.

Support for the index lies in the zone of 11300 to 11400 where medium term and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 11100 to 11200 from where the index has bounced in the month of August – 2016.

Resistance for the index lies in the zone of 11600 to 11700 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11900 to 12000 from where the index has sold off.

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

Nifty FMCG Outlook for the Week (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (October 03, 2016 – October 07, 2016) :  

NIFTY FMCG:

 

fmcg

 

Nifty FMCG index closed the week on negative note losing around 3.50%.

As we have mentioned last week that 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. During the week the index manages to hit a low of 21445 and close the week around the levels of 21542.

The index has closed around the medium term moving averages lying at 21500. Support for the index lies in the zone of 21100 to 21300 from where the index has broken out of the top of June – 2016. If the index manages to close below these levels then the index can drift to the levels of 20500 where 200 Daily SMA is lying and trend-line joining lows of March – 2016 and May – 2016 is lying.

Minor resistance for the index lies in the zone of 21700 to 21900 from where the index has broken down from the lows of July – 2016 and August – 2016. If the index manages to close above these levels then the index can move to the levels 22000 to 22100 where short term moving averages are lying.

Broad range for the index in the coming week is seen from 20800 to 20900 on downside to 22100 to 22300 on upside.

Nifty IT Outlook for the Week (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (October 03, 2016 – October 07, 2016) :

NIFTY IT:

 

cnxit

 

Nifty IT index 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 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. During the week the index manages to hit a low of 10228 and close the week around the levels of 10292.

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 (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (October 03, 2016 – October 07, 2016) :

NIFTY BANK:

 

bankn

 

Nifty Bank ended the week on negative note losing around 3.10%.

As we have mentioned last week that 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. During the week the index manages to hit a low of 19059 and close the week around the levels of 19286.

Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 19000. If the index breaks below these levels and closes below these levels then the index will break the up-trend started from March – 2016. If the index closes below these levels for couple of days then the index can drift to the levels of 17800 to 18000 where long term moving averages are lying.

Resistance for the index lies in the zone of 19500 to 19700 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 20200 to 20400.

Range for the week is seen from 18400 to 18500 on downside to 19600 to 19700 on upside.

Nifty Outlook for the Week (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for Nifty for week (October 03, 2016 – October 07, 2016):

NIFTY:

 

nifty

 

Nifty ended the week on negative note losing around 2.50%.

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 8555 and close the week around the levels of 8611.

Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July – 2016 and August – 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500. If the index manages to break this trend-line the up-trend in which the index is moving since March will be broken and we can see the index drifting lower. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of 8350 and then 8000 levels can also be not ruled out.

Resistance for the index lies in the zone of 8680 to 8720 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September – 2016.

Broad range for the week is seen from 8300 on downside to 8850 on upside.