Colgate Palmolive Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week (January 02, 2017 – January 06, 2017) :

COLGATE PALMOLIVE:

 

colpal

 

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

As we have mentioned last week that support for the stock lies in the zone of 900 to 910 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 850 to 860 from where the stock has broken out of the consolidation zone from February-2016 to May-2016. During the week the stock manages to hit a low of 863 and close the week around the levels of 905.

Support for the stock lies in the zone of 900 to 910 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 850 to 860 from where the stock has broken out of the consolidation zone from February-2016 to May-2016.

Minor resistance for the stock lies in the zone of 915 to 925. Resistance for the stock lies in the zone of 940 to 950 where the stock has formed a top in December-2016. If the stock manages to close above these levels then the stock can move to the levels of 980 to 990.

Broad range for the stock is seen between 860 to 870 on lower end and 930 to 940 on upper end.

Dabur Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for DABUR for the week (January 02, 2017 – January 06, 2017) :

DABUR:

 

dabur

 

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

As we have mentioned last week that support for the stock lies in the zone of 260 to 262 levels from where the stock has broken out in the month of April-2016. If the stock manages to close below these levels then the stock can drift to the levels of 251 to 253 from where the stock broke out of the consolidation zone between January-2016 to March-2016. During the week the stock manages to hit a low of 259 and close the week around the levels of 278.

Minor support for the stock lies in the zone of 272 to 274 from where the stock broke out on intraday basis. Support for the stock lies in the zone of 265 to 267. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 262 levels from where the stock has broken out in the month of April-2016 & December-2016.

Resistance for the stock lies in the zone of 280 to 282 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 286 to 288 where 200 Daily SMA and top for the month of December-2016 is lying.

Broad range for the stock is seen between 268 to 270 on lower end and 285 to 288 on upper end.

Hindustan Unilever Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week (January 02, 2017 – January 06, 2017) :

HINDUSTAN UNILEVER:

 

hind

 

HIND Unilever closed the week on positive note gaining around 4.70%.

As we have mentioned last week that support for the stock lies in the zone of 780 to 785 where the stock has formed a bottom in the month of November-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. During the week the stock manages to hit a low of 785 and close the week around the levels of 826.

Minor support for the stock lies in the zone of 800 to 805. Support for the stock lies in the zone of 780 to 785 where the stock has formed a bottom in the month of November-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.

Resistance for the stock lies in the zone of 830 to 835 from where the stock has broken down on intraday basis. If the stock manages to close above these levels then the stock can move to the levels of 850 to 855 where trend-line joining lows of January – 2016 and May – 2016 is lying and also 500 Daily SMA is lying.

Broad range for the stock in coming week is seen between 800 to 805 on downside and 850 to 855 on upside.

ITC Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for ITC for the week (January 02, 2017 – January 06, 2017) :

ITC:

 

itc

 

ITC closed the week on positive note gaining around 7.50%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 230. Resistance for the stock lies in the zone of 233 to 235 from where the stock has broken down from the bearish H & S pattern and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 240. During the week the stock manages to hit a high of 242 and close the week around the levels of 242.

Support for the stock lies in the zone of 235 to 237 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 225 to 227.

Minor resistance for the stock lies in the zone of 244 to 246. Resistance for the stock lies in the zone of 250 to 252 where trend-line joining highs of 266 and 260 is lying. If the stock manages to close above these levels then the stock can move to the levels of 260 to 262.

Broad range for the stock in coming week is seen between 230 to 232 on downside and 250 to 252 on upside.

Cipla Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for Cipla for the week (January 02, 2017 – January 06, 2017) :

CIPLA:

 

cipla

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 585 to 590 from where the stock has broken down. If the stock manages to close above these levels then the stock can move to the levels of 600 to 610 where the highs of October-2016 and September-2016 is lying. During the week the stock manages to hit a high of 581 and close the week around the levels of 569.

Support for the stock lies in the zone of 560 to 565 from where the stock has broken out on the intra-day basis. Support for the stock lies in the zone of 530 to 540 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 510 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 572 to 575. Resistance for the stock lies in the zone of 585 to 590 from where the stock has broken down. If the stock manages to close above these levels then the stock can move to the levels of 600 to 610 where the highs of October-2016 and September-2016 is lying.

Broad range for the stock is seen in the range of 545 – 550 on downside to 585 – 590 on upside.

Dr. Reddy Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week (January 02, 2017 – January 06, 2017) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on positive note gaining around 2.10%.

As we have mentioned last week that support for the stock lies in the zone of 3000 to 3010 where the stock has formed a bottom in the month of October – 2016 and November-2016. 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 2979 and close the week around the levels of 3060.

Minor support for the stock lies in the zone of 3030 to 3040. Support for the stock lies in the zone of 2980 to 3000 where the stock has formed a bottom in the month of October – 2016 and November-2016. 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.

Minor resistance for the stock lies in the zone of 3050 to 3070. Resistance for the stock lies in the zone of 3150 to 3170 where 200 Daily SMA 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 3200 to 3230 where the stock has formed a short term top.

Broad range for the stock is seen from 2980 – 3000 on downside to 3130 – 3150 on upside.

Lupin Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for Lupin for the week (January 02, 2017 – January 06, 2017) :

LUPIN:

 

lupin

 

Lupin closed the week on positive note gaining around 2.80%.

As we have mentioned last week that support for the stock lies in the zone of 1420 to 1440 from where the stock has broken out of the consolidation zone. If the stock manages to close below these levels then the stock can drift to the levels of 1380 to 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 1397 and close the week around the levels of 1487.

Minor support for the stock lies in the zone of 1450. Support for the stock lies in the zone of 1420 to 1440 from where the stock has broken out of the consolidation zone. If the stock manages to close below these levels then the stock can drift to the levels of 1380 to 1400 where the stock has made a bottom in the month of June – 2016, November – 2016 & December – 2016.

Minor resistance for the stock lies in the zone of 1480 to 1490. Resistance for the stock lies in the zone of 1510 to 1520 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 1540 to 1560 where the stock has formed a double top pattern and 200 Daily SMA is lying.

Broad range for the stock is seen from 1420 – 1440 on downside to 1550 – 1560 on upside.

Sun Pharma Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for Sun Pharma for the week (January 02, 2017 – January 06, 2017) :

SUN PHARMA:

 

sun

 

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

As we have mentioned last week that support for the stock lies in the zone of 590 to 600. The stock is trading below all the major support levels and virtually no support is visible. The stock can drift to the levels of 540 to 550 where the stock has taken multiple support during December-2013 to March-2014. During the week the stock manages to hit a low of 610 and close the week around the levels of 630.

Minor support for the stock lies in the zone of 615 to 620. Support for the stock lies in the zone of 590 to 600. The stock is trading below all the major support levels and virtually no support is visible. The stock can drift to the levels of 540 to 550 where the stock has taken multiple support during December-2013 to March-2014.

Minor resistance for the stock lies in the zone of 635 to 640 from where the stock has broken down on intraday basis. Resistance for the stock lies in the zone of 650 to 660 from where the stock has broken down from the double bottom pattern.

Broad range for the stock in the coming week can be 610 – 615 on lower side to 655 – 660 on upper side.

Wipro Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for Wipro for the week (January 02, 2017 – January 06, 2017) :

WIPRO:

 

wipro

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 461 to 463. Resistance for the stock lies in the zone of 470 to 475 from where the stock has broken down from the double bottom pattern in the month of September – 2016. If the stock manages to close above these levels then the stock can move to the levels of 480 to 490 where medium term moving averages are lying. During the week the stock manages to hit a high of 477 and close the week around the levels of 474.

Minor support for the stock lies in the zone of 465 to 468. Support for the stock lies in the zone of 455 to 457 levels from where the stock has broken out on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 435 to 440 levels where the stock has taken support couple of times last week.

Resistance for the stock lies in the zone of 470 to 475 from where the stock has broken down from the double bottom pattern in the month of September – 2016. If the stock manages to close above these levels then the stock can move to the levels of 485 to 490 where the stock has formed a gap on gap down opening on 24/10/2016.

Broad range for the stock in the coming week is seen between 455 to 460 on downside to 485 to 490 on upside.

HCL Tech Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for HCL Tech for the week (January 02, 2017 – January 06, 2017) :

HCL TECHNOLOGIES:

 

hcl

 

HCL Tech closed the week on positive note gaining around 4.30%.

As we have mentioned last week that support for the stock lies in the zone of 770 to 780 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of around 750 to 760 where the stock has found support in the month of August-2016, September-2016 and October-2016. During the week the stock manages to hit a low of 783 and close the week around the levels of 828.

Minor support for the stock lies in the zone of 800 to 805. Support for the stock lies in the zone of 770 to 780 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of around 750 to 760 where the stock has found support in the month of August-2016, September-2016 and October-2016.

Resistance for the stock lies in the zone of 830 to 840 where the stock has form a top in the month of December-2016.. If the stock manages to close above these levels then the stock can move to the levels of 850 to 860 levels where the stock has formed a top in the month of August-2016 and October-2016.

Broad range for the stock in the coming week is seen between 800 to 810 on downside to 855 to 860 on upside.

TCS Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for TCS for the week (January 02, 2017 – January 06, 2017) :

TATA CONSULTANCY SERVICES:

 

tcs

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 2230 to 2250 from where the stock has broken out on intraday basis. Support for the stock lies in the zone of 2150 to 2170 from where the stock has broken out of the consolidation zone. If the stock manages to close below these levels then the stock can drift to the levels of 2080 to 2100 from where the stock has bounced in the month of November-2016. During the week the stock manages to hit a low of 2266 and close the wee around the levels of 2366.

Minor support for the stock lies in the zone of 2300 to 2320. Support for the stock lies in the zone of 2230 to 2250 from where the stock broke out of the consolidation zone. If the stock manages to close below these levels then the stock can drift to the levels of 2150 to 2180.

Minor resistance for the stock lies in the zone of 2380 to 2400. Resistance for the stock lies in the zone of 2430 to 2450 where the stock has formed a double top in the month of October-2016 and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 2500 to 2520 from where the stock has broken down in the month of September-2016.

Broad range for the stock in the coming week is seen between 2250 to 2280 on downside to 2450 to 2470 on upside.

Infosys Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for Infosys for the week (January 02, 2017 – January 06, 2017) :

INFOSYS:

 

infy

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 1000 to 1010 from where the stock has broken down from the double bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 1030 to 1050 from where the stock has broken down in the month of October – 2016. During the week the stock manages to hit a high of 1012 and close the week around the levels of 1011.

Minor support for the stock lies in the zone of 990 to 1000. Support for the stock lies in the zone of 950 to 960 from where the stock has broken out of the consolidation zone. If the stock manages to close below these levels then the stock can drift to the levels of 920 to 930.

Resistance for the stock lies in the zone of 1000 to 1010 from where the stock has broken down from the double bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 1030 to 1050 from where the stock has broken down in the month of October – 2016.

Broad range for the stock in the coming week is seen between 970 to 980 on downside to 1030 to 1040 on upside.

SBI Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for SBI for the week (January 02, 2017 – January 06, 2017) :

STATE BANK OF INDIA:

 

sbin

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 253 to 255 from where the stock has broken down on intraday basis. Resistance for the stock lies in the zone of 258 to 260 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 267 to 270 levels. During the week the stock manages to hit a high of 252.50 and close the week around the levels of 250.

Support for the stock lies in the zone of 248 to 252 from where the stock has bounced many times in last 1 month. If the stock manages to close below these levels then the stock can drift to the levels of 235 to 238 from where the stock has bounced on 09/11/2016.

Minor resistance for the stock lies in the zone of 253 to 255 from where the stock has broken down on intraday basis. Resistance for the stock lies in the zone of 258 to 260 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 267 to 270 levels.

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 (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for Axis Bank for the week (January 02, 2017 – January 06, 2017) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on positive note gaining around 2.70%.

As we have mentioned last week that support for the stock lies in the zone of 430 to 435. If the stock manages to close below these levels then the stock can drift to the levels of 410 to 420 from where the stock has bounced in the month of April-2016. During the week the stock manages to hit a low of 427 and close the week around the levels of 450.

Support for the stock lies in the zone of 430 to 435. If the stock manages to close below these levels then the stock can drift to the levels of 410 to 420 from where the stock has bounced in the month of April-2016.

Resistance for the stock lies in the zone of 460 to 465 from where the stock has broken down on intraday basis. If the stock manages to close above these levels then the stock can move to the levels of 480 to 485 where the stock has formed a top in the month of December-2016.

Broad range for the stock in the coming week can be 427 – 430 on lower side to 470 – 475 on upper side.

ICICI Bank Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for ICICI Bank for the week (January 02, 2017 – January 06, 2017) :

ICICI BANK:

 

icici

 

ICICI Bank 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 255 to 257. Resistance for the stock lies in the zone of 260 to 262 from where the stock has broken down on intraday basis. Resistance for the stock lies in the zone of 265 to 267 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 270 to 272. During the week the stock manages to hit a high of 257.50 and close the week around the levels of 255.

Support for the stock lies in the zone of 250 to 252 where 200 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 the stock has taken support in the month of August-2016 and October-2016.

Minor resistance for the stock lies in the zone of 255 to 257. Resistance for the stock lies in the zone of 260 to 262 from where the stock has broken down on intraday basis. Resistance for the stock lies in the zone of 265 to 267 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 270 to 272 where the stock has formed a top in the month of December-2016.

Broad range for the stock in the coming week can be 245 – 248 on lower side to 262 – 265 on upper side.

HDFC Bank Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for HDFC Bank for the week (January 02, 2017 – January 06, 2017) :

HDFC BANK:

 

hdfcb

 

HDFC Bank closed the week on positive note gaining around 1.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 1200 to 1220 from where the stock has broken down from the lows of 15/07/2016 and 09/11/2016. If the stock manages to close above these levels then the stock can move to the levels of 1240 to 1250 where short term and medium term moving averages are lying. During the week the stock manages to hit a high of 1212 and close the week around the levels of 1206.

The stock has closed around the support zone of 1185 to 1190 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1150 to 1160 where the stock has taken support in the month of May-2016 and June-2016.

Resistance for the stock lies in the zone of 1200 to 1220 from where the stock has broken down from the lows of 15/07/2016 and 09/11/2016. If the stock manages to close above these levels then the stock can move to the levels of 1240 to 1250.

Broad range for the stock in the coming week can be 1180 on lower side to 1240 on upper side.

Nifty Energy Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week (January 02, 2017 – January 06, 2017) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on positive note gaining around 2.10%.

As we have mentioned last week that minor support for the index lies in the zone of 9930 to 9960 on intraday basis. Support for the index lies in the zone of 9650 to 9700. Support for the index lies in the zone of 9500 to 9550 from where the index has bounced in the month of September – 2016. If the index manages to close below these levels then the index can drift to the levels of 8800 to 9000 from where the index has broken out of the double top pattern. During the week the index manages to hit a low of 9915 and close the week around the levels of 10272.

Minor support for the index lies in the zone of 10100 to 10150. Support for the index lies in the zone of 9950 to 10000 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9750 to 9800 where the index has formed a bottom in the month of December-2016.

Resistance for the index lies in the zone of 10200 to 10300 where the index has made 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 10500 to 10600 where life time highs for the index is lying.

Broad range for the index is seen between 10000 to 10050 on downside to 10500 to 10600 on upside.

Nifty Auto Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week (January 02, 2017 – January 06, 2017) :

NIFTY AUTO:

 

auto

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 9050 to 9100 from where the index has broken down on intraday basis. Resistance for the index lies in the zone of 9400 to 9500 from where the index has broken down from the multiple support zone which was holding the index in the month of August-2016 and November-2016. During the week the index manages to hit a high of 9172 and close the week around the levels of 9142.

Support for the index lies in the zone of 9000 to 9050 where 200 Daily SMA is lying. Support for the index lies in the zone of 8800 to 8850 from where the index has bounced couple of times in the month of December-2016. If the index manages to close below these levels then the index can drift to the levels of 8400 to 8500 where the index has formed a low on Brexit day.

Minor resistance for the index lies in the zone of 9250 to 9300. Resistance for the index lies in the zone of 9400 to 9500 from where the index has broken down from the multiple support zone which was holding the index in the month of August-2016 and November-2016. If the index manages to close above these levels then the index can move to the levels of 9800 to 10000 from where the index has broken down.

Broad range for the index is seen from 8900 to 8950 on downside to 9300 to 9350 on upside.

 

Nifty Pharma Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for NIFTY Pharma for the week (January 02, 2017 – January 06, 2017) :

NIFTY PHARMA:

 

pharma

 

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

As we have mentioned last week that support for the index lies in the zone of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016. The index has been trading very weak and virtually no support for the index is visible. If the index manages to close below these levels then the index can drift to the levels of 9500. During the week the index manages to hit a low of 9870 and close the week around the levels of 10267.

Support for the index lies in the zone of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016. The index has been trading very weak and virtually no support for the index is visible. If the index manages to close below these levels then the index can drift to the levels of 9500.

Resistance for the index lies in the zone of 10350 to 10500 from where the index has broken down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where medium term moving averages are lying.

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

Nifty FMCG Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week (January 02, 2017 – January 06, 2017) :  

NIFTY FMCG:

 

fmcg

 

Nifty FMCG index closed the week on positive note gaining around 5.90%.

As we have mentioned last week that support for the index lies in the zone of 19500 to 19600 where the index has formed a short term bottom. If the index manages to close below these levels then the index can drift to the levels of 19000 to 19100 where the index has taken support in the month of March-2016 and May-2016. During the week the index manages to hit a low of 19457 and close the week around the levels of 20754.

Minor support for the index lies in the zone of 20400 to 20500. Support for the index lies in the zone of 20000 to 20100 from where the index has broken out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 19500 to 19600 where the index has formed a double bottom pattern.

Resistance for the index lies in the zone of 20800 to 21000 where 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 21300 to 21500 from where the index has sold off in the month of November-2016.

Broad range for the index in the coming week is seen from 19800 to 20000 on downside to 21300 to 21500 on upside.

Nifty IT Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for NIFTY IT for the week (January 02, 2017 – January 06, 2017) :

NIFTY IT:

 

it

 

Nifty IT index ended the week on positive note gaining around 3.30%.

As we have mentioned last week that minor support for the index lies in the zone of 10000 to 10050 from where the index has broken out on intraday basis. Support for the index lies in the zone of 9700 to 9800 from where the index broke out of consolidation. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9400 where trend-line joining the lows of April-2015, July-2015 and February-2016 is lying. During the week the index manages to hit a low of 9980 and close the week around the levels of 10399.

Minor support for the index lies in the zone of 10200 to 10250. Support for the index lies in the zone of 10000 to 10100 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 9700 to 9750 where the index has formed a bottom in the month of December-2016.

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 10700 to 10800 where 200 Daily SMA is lying.

Broad range for the index in the coming week is seen from 10000 to 10050 on downside to 10600 to 10700 on upside.

Nifty Bank Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (January 02, 2017 – January 06, 2017) :

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on positive note gaining around 1.60%.

As we have mentioned last week that support for the index lies in the zone of 17700 to 17800 where long term moving averages are lying. Below these levels the index can drift to the levels of 17000 from where the index has bounced on Brexit day. During the week the index manages to hit a low of 17607 and close the week around the levels of 18177.

Minor support for the index lies in the zone of 18000 to 18050. Support for the index lies in the zone of 17700 to 17800 where long term moving averages are lying. Below these levels the index can drift to the levels of 17000 from where the index has bounced on Brexit day.

Resistance for the index lies in the zone of 18500 to 18600 where medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 18900 to 19000 from where the index was broken down after consolidation.

Range for the week is seen from 17600 to 17700 on downside to 18500 to 18600 on upside.

Nifty Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for Nifty for week (January 02, 2017 – January 06, 2017):

NIFTY:

 

nifty

 

Nifty ended the week on positive note gaining around 2.50%.

As we have mentioned last week that support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500 to 7700. During the week the index manages to hit a low of 7894 and close the week around the levels of 8186.

Minor support for the index lies in the zone of 8080 to 8120. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500 to 7700.

Resistance for the index lies in the zone of 8250 to 8300 where the index has form a right shoulder of the H & S pattern and medium & long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying.

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

Share Market Tips for – Friday, December 30, 2016

equitypandit_square

Market In Positive Zone, Profit Booking Expected But Go Long At Dips

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative for the day. EquityPandit predicted that Nifty is still in positive zone and and traders can buy on dips in the market. EquityPandit also predicted that market would remain in the range of 7900 and 8120 levels and exactly same happened. Indian Stock Market moved sharply positive on F&O Expiry day. BankNifty saw lows near EquityPandit’s predicted support levels of 17800 and moved sharply positive to see highs right at EquityPandit’s predicted resistance levels of 18052 like a dot. Finally, Indian Stock Market closed positive for the day. Nifty closed right at EquityPandit’s predicted resistance levels of 8105 like a dot.

Today: Indian Stock Market would open positive. Technically, Market is in positive zone. We are into last trading day of the calendar year 2016 and overall market would remain rangebound. Market can see some profit booking but overall market is positive as of now and traders can go long at dips with strict stoploss of 7987 levels for Nifty on closing basis as market would enter into negative zone once Nifty closes below these levels. Traders can avoid taking any positions home and can initiate fresh positions from January 2017 after looking at the fresh direction.

FIIs were net sellers of Rs.662.29 crores whereas DIIs were net buyers of Rs.957.83 crores in cash market for last trading session. Nifty would see strong support at 8050-7997-7975-7935 whereas strong resistance would be seen at 8120-8154-8200-8220 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8104) The support for the Nifty is 8050-7997-7975-7935 and the resistance to the up move is at 8120-8154-8200-8220 levels.

NSE BankNifty: (18033) The support for BankNifty is at 18000-17940-17840-17740 and the resistance to the up move is at 18147-18240-18188-18320 levels.

BSE Sensex: (26366) The support for the Sensex is at 26180-26128-26060-25950-25840 and the resistance to the up move is at 26471-26560-26687 levels.

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

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Share Market Tips for – Thursday, December 29, 2016

equitypandit_square

F&O Expiry Today, Market To Remain Highly Volatile In Very Narrow Region

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that Nifty has entered into positive zone and traders can go long at dips with strict stoploss of 7893 on closing basis and exactly same happened. EquityPandit also predicted that this positive rally would be for very short term and same happened. Indian Stock Market saw sharp positive rally after opening and saw highs right near EquityPandit’s predicted resistance levels of 8105 for Nifty and 18052 for BankNifty. Indian Stock Market was unable to sustain the higher levels above 8100 for Nifty and 18000 levels for BankNifty and fell down sharply. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market would open negative. Technically, Nifty is still in positive zone but BankNifty is in negative zone for now. Today is F&O Expiry and we would see huge volatility in the market but overall market would remain rangebound. Market would remain around these levels for rest of December 2016 as DIIs are pouring money in the market to maintain the NAVs. DIIs would not let market to fell down sharply before December 31, 2016. Overall market would remain rangebound between 8120 on the positive side and 7900 in the negative zone. Traders can either wait for the direction or buy small quantity on dips in the market.

FIIs were net sellers of Rs.527.06 crores whereas DIIs were net buyers of Rs.824.84 crores in cash market for last trading session. Nifty would see strong support at 7997-7970-7897-7800 whereas strong resistance would be seen at 8053-8079-8105-8154 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8035) The support for the Nifty is 7997-7970-7897-7800 and the resistance to the up move is at 8053-8079-8105-8154 levels.

NSE BankNifty: (17877) The support for BankNifty is at 17800-17740-17600-17470 and the resistance to the up move is at 18000-18052-18139-18220-18380 levels.

BSE Sensex: (26211) The support for the Sensex is at 26128-26060-25950-25840 and the resistance to the up move is at 26270-26471-26560-26687 levels.

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

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Share Market Tips for – Wednesday, December 28, 2016

equitypandit_square

Nifty Enters Positive Trend, Go Long At Dips With Stoploss Of 7893 Closing Levels

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that some bounce is expected in the market and exactly same happened. Indian Stock Market moved sharply positive and finally managed to close gap positive for the day.

Today: Indian Stock Market would open positive. Technically, Nifty has entered into positive zone but BankNifty is still in negative zone for now. BankNifty would enter into positive zone once it closes above 17943 levels. Traders can go long at every dip in the market with strict stoploss below 7893 levels on closing basis. Traders should note that this positive rally is for very short term but for now traders can go long at every dip in the market until market again see reversal.

FIIs were net sellers of Rs.712.17 crores whereas DIIs were net buyers of Rs.1502.41 crores in cash market for last trading session. Nifty would see strong support at 7997-7970-7897-7800 whereas strong resistance would be seen at 8053-8079-8105-8154 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8033) The support for the Nifty is 7997-7970-7897-7800 and the resistance to the up move is at 8053-8079-8105-8154 levels.

NSE BankNifty: (17880) The support for BankNifty is at 17800-17740-17600-17470 and the resistance to the up move is at 18000-18052-18139-18220-18380 levels.

BSE Sensex: (26213) The support for the Sensex is at 26128-26060-25950-25840 and the resistance to the up move is at 26270-26471-26560-26687 levels.

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

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Share Market Tips for – Tuesday, December 27, 2016

equitypandit_square

Some Bounce Expected But Initiate Long Only If Nifty Closes Above 8053

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative. EquityPandit predicted that market is still in negative zone. EquityPandit also predicted that traders can hold short positions until Nifty closes above 8053 levels and exactly same happened. Indian Stock Market opened negative and fell down further. Market saw lows right near EquityPandit’s predicted support levels of 7897 levels for Nifty and 25760 levels for Sensex. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open flat. Indian Stock Market is still in negative zone. Some bounce can be seen on the account of short covering as market is over stretched but traders should intiate fresh long positions only if Nifty closes above 8053 levels. Closing below 7900 would result into big downfall. Overall, market would remain rangebound until December 31, 2016. Traders should trade in small quantity until it breaches any of these levels on closing basis.

FIIs were net sellers of Rs.1095.04 crores whereas DIIs were net buyers of Rs.1065.39 crores in cash market for last trading session. Nifty would see strong support at 7897-7800-7777-7645 whereas strong resistance would be seen at 7980-8005-8024-8053-8079 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (7908) The support for the Nifty is 7897-7800-7777-7645 and the resistance to the up move is at 7980-8005-8024-8053-8079 levels.

NSE BankNifty: (17656) The support for BankNifty is at 17547-17470-17340-17264-17174 and the resistance to the up move is at 17740-17860-18000-18052-18139 levels.

BSE Sensex: (25807) The support for the Sensex is at 25760-25624-25540 and the resistance to the up move is at 26060-26180-26270 levels.

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

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Share Market Tips for – Monday, December 26, 2016

equitypandit_square

Initiate Long Positions Only If Nifty Closes Above 8053 Levels, Until Then Hold Short Positions

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative. EquityPandit predicted that market is still in negative trend and traders can hold short positions until Nifty breaches 8079 levels. Market moved sharply lower and saw lows right near EquityPandit’s predicted support levels of 25877 levels for Sensex. Finally, Indian Stock Market closed flat for the day. Nifty closed right on EquityPandit’s predicted resistance levels of 7985 like a dot.

Today: Indian Stock Market would open negative. Indian Stock Market is still in negative zone. Market would still see sideways movement in a rangebound region due to lack of volumes on Christmas holidays. We are approaching F&O Expiry and hence some volatility would be seen in market but would still remain rangebound. Traders should initiate fresh long positions ONLY if Nifty closes above 8053 levels and BankNifty closes above 18092 levels. Until then hold short positions. 7920 would still act as strong support levels for Nifty. Closing below 7900 would be very negative for Nifty as it would confirm a long Head and Shoulder pattern that would result in a big downfall. So, traders should consider these levels in their trading decisions.

FIIs were net sellers of Rs.1462.65 crores whereas DIIs were net buyers of Rs.1614.94 crores in cash market for last trading session. Nifty would see strong support at 7920-7897-7800-7777-7645 whereas strong resistance would be seen at 8024-8053-8079-8100-8150 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (7986) The support for the Nifty is 8050-8000-7920-7897-7800-7777-7645 and the resistance to the up move is at 8024-8053-8079-8100-8150 levels.

NSE BankNifty: (17884) The support for BankNifty is at 17740-17660-17547-17470 and the resistance to the up move is at 18000-18052-18139-18220 levels.

BSE Sensex: (26040) The support for the Sensex is at 25877-25760-25624-25540 and the resistance to the up move is at 26060-26180-26270 levels.

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

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Colgate Palmolive Outlook for the Week (December 26, 2016 – December 30, 2016)

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

COLGATE PALMOLIVE:

 

colpal

 

Colgate Palmolive 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 900 to 910 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 850 to 860 from where the stock has broken out of the consolidation zone from February-2016 to May-2016. During the week the stock manages to hit a low of 891 and close the week around the levels of 902.

Support for the stock lies in the zone of 900 to 910 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 850 to 860 from where the stock has broken out of the consolidation zone from February-2016 to May-2016.

Minor resistance for the stock lies in the zone of 915 to 925. Resistance for the stock lies in the zone of 940 to 950 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 980 to 990.

Broad range for the stock is seen between 860 to 870 on lower end and 930 to 940 on upper end.

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

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

DABUR:

 

dabur

 

Dabur closed the week on negative note losing around 3.40%.

As we have mentioned last week that support for the stock lies in the zone of 270 to 272 where the stock has taken support in the month of October-2016 and November-2016. If the stock manages to close below these levels then the stock will break down from the 2 months of consolidation and the stock can drift to the levels of 260 to 262 levels from where the stock has broken out in the month of April-2016. During the week the stock manages to hit a low of 261 and close the week around the levels of 262.

Support for the stock lies in the zone of 260 to 262 levels from where the stock has broken out in the month of April-2016. If the stock manages to close below these levels then the stock can drift to the levels of 251 to 253 from where the stock broke out of the consolidation zone between January-2016 to March-2016.

Minor resistance for the stock lies in the zone of 268 to 270. Resistance for the stock lies in the zone of 275 to 277 where long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 280 to 282 where medium term moving averages are lying.

Broad range for the stock is seen between 250 to 252 on lower end and 270 to 272 on upper end.

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

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

HINDUSTAN UNILEVER:

 

hind

 

HIND Unilever closed the week on negative note losing around 3.40%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 782 and close the week around the levels of 789.

Support for the stock lies in the zone of 780 to 785 where the stock has formed a bottom in the month of November-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.

Minor resistance for the stock lies in the zone of 810 to 815. Resistance for the stock lies in the zone of 830 to 835 from where the stock has broken down on intraday basis. If the stock manages to close above these levels then the stock can move to the levels of 850 to 855 where trend-line joining lows of January – 2016 and May – 2016 is lying and also 500 Daily SMA is lying.

Broad range for the stock in coming week is seen between 760 to 765 on downside and 820 to 830 on upside.

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

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

ITC:

 

itc

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 230. Resistance for the stock lies in the zone of 233 to 235 from where the stock has broken down from the bearish H & S pattern and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 240. During the week the stock manages to hit a high of 231 and close the week around the levels of 225.

Support for the stock lies in the zone of 225 to 227 from where the stock broke out of the consolidation zone from December-2015 to May-2016. If the stock manages to close below these levels then the stock can drift to the levels of 220.

Minor resistance for the stock lies in the zone of 230. Resistance for the stock lies in the zone of 233 to 235 from where the stock has broken down from the bearish H & S pattern and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 240.

Broad range for the stock in coming week is seen between 218 to 220 on downside and 231 to 233 on upside.

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

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

CIPLA:

 

cipla

 

CIPLA closed the week on positive note gaining around 2.80.

As we have mentioned last week that support for the stock lies in the zone of 560 to 565 from where the stock has broken out on the intra-day basis. Support for the stock lies in the zone of 530 to 540 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 510 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 552 and close the week around the levels of 582.

Minor support for the stock lies in the zone of 570 to 575. Support for the stock lies in the zone of 560 to 565 from where the stock has broken out on the intra-day basis. Support for the stock lies in the zone of 530 to 540 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 510 where the stock has formed a bottom in the month of July – 2016 and August – 2016.

Resistance for the stock lies in the zone of 585 to 590 from where the stock has broken down. If the stock manages to close above these levels then the stock can move to the levels of 600 to 610 where the highs of October-2016 and September-2016 is lying.

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 (December 26, 2016 – December 30, 2016)

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

DR. REDDY:

 

drr

 

Dr Reddy closed the week on negative note losing around 3.50%.

As we have mentioned last week that support for the stock lies in the zone of 3050 to 3070 from where the stock has bounced couple of times in the month of November-2016. If the stock manages to close below these levels then the stock can drift to the levels of 3000 to 3010 where the stock has formed a bottom in the month of October – 2016 and November-2016. During the week the stock manages to hit a low of 2980 and close the week around the levels of 2999.

Support for the stock lies in the zone of 3000 to 3010 where the stock has formed a bottom in the month of October – 2016 and November-2016. 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.

Minor resistance for the stock lies in the zone of 3050 to 3070. Resistance for the stock lies in the zone of 3150 to 3170 where 200 Daily SMA 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 3200 to 3230 where the stock has formed a short term top.

Broad range for the stock is seen from 2900 – 2920 on downside to 3070 – 3100 on upside.

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

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

LUPIN:

 

lupin

 

Lupin closed the week on negative note losing around 1.60%.

As we have mentioned last week that minor support for the stock lies in the zone of 1460 to 1470. Support for the stock lies in the zone of 1420 to 1440 from where the stock has broken out of the consolidation zone. If the stock manages to close below these levels then the stock can drift to the levels of 1380 to 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 1440 and close the week around the levels of 1446.

Support for the stock lies in the zone of 1420 to 1440 from where the stock has broken out of the consolidation zone. If the stock manages to close below these levels then the stock can drift to the levels of 1380 to 1400 where the stock has made a bottom in the month of June – 2016.

Minor resistance for the stock lies in the zone of 1480 to 1490. Resistance for the stock lies in the zone of 1510 to 1520 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 1550 to 1570 where the stock has formed a double top pattern and 200 Daily SMA is lying.

Broad range for the stock is seen from 1400 – 1410 on downside to 1500 – 1510 on upside.

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

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

SUN PHARMA:

 

sun

 

SUN PHARMA closed the week on negative note losing around 3.70%.

As we have mentioned last week that support for the stock lies in the zone of 640 to 650 where the stock has formed a gap on 27/06/2014 and also the stock has broken out of the double top pattern formed in October – 2013 and February – 2014. If the stock manages to close below these levels then the stock can drift to the levels of 600. During the week the stock manages to hit a low of 608 and close the week around the levels of 623.

Support for the stock lies in the zone of 590 to 600. The stock is trading below all the major support levels and virtually no support is visible. The stock can drift to the levels of 540 to 550 where the stock has taken multiple support during December-2013 to March-2014.

Minor resistance for the stock lies in the zone of 635 to 640 from where the stock has broken down on intraday basis. Resistance for the stock lies in the zone of 650 to 660 from where the stock has broken down from the double bottom pattern.

Broad range for the stock in the coming week can be 600 – 605 on lower side to 650 – 655 on upper side.

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

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

WIPRO:

 

wipro

 

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

As we have mentioned last week that support for the stock lies in the zone of 455 to 457 levels from where the stock has broken out on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 435 to 440 levels where the stock has taken support couple of times last week. During the week the stock manages to hit a low of 455 and close the week around the levels of 459.

Support for the stock lies in the zone of 455 to 457 levels from where the stock has broken out on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 435 to 440 levels where the stock has taken support couple of times last week.

Minor resistance for the stock lies in the zone of 461 to 463. Resistance for the stock lies in the zone of 470 to 475 from where the stock has broken down from the double bottom pattern in the month of September – 2016. If the stock manages to close above these levels then the stock can move to the levels of 480 to 490 where medium term moving averages are lying.

Broad range for the stock in the coming week is seen between 440 to 445 on downside to 470 to 475 on upside.

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

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

HCL TECHNOLOGIES:

 

hclt

 

HCL Tech closed the week on negative note losing around 3.30%.

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 770 to 780 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of around 750 to 760 where the stock has found support in the month of August-2016, September-2016 and October-2016. During the week the stock manages to hit a low of 791 and close the week around the levels of 794.

Support for the stock lies in the zone of 770 to 780 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of around 750 to 760 where the stock has found support in the month of August-2016, September-2016 and October-2016.

Resistance for the stock lies in the zone of 820 to 840 where the stock has form a top in November-2016 and December-2016.. If the stock manages to close above these levels then the stock can move to the levels of 850 to 860 levels where the stock has formed a top in the month of August-2016 and October-2016.

Broad range for the stock in the coming week is seen between 760 to 770 on downside to 820 to 830 on upside.

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

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

TATA CONSULTANCY SERVICES:

 

tcs

 

TCS closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 2260 to 2280 from where the stock broke down from the double bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 2400 to 2420 where the stock has formed a double top in the month of October-2016. During the week the stock manages to hit a high of 2345 and close the week around the levels of 2288.

Minor support for the stock lies in the zone of 2230 to 2250 from where the stock has broken out on intraday basis. Support for the stock lies in the zone of 2150 to 2170 from where the stock has broken out of the consolidation zone. If the stock manages to close below these levels then the stock can drift to the levels of 2080 to 2100 from where the stock has bounced in the month of November-2016.

Resistance for the stock lies in the zone of 2260 to 2280 from where the stock broke down from the double bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 2400 to 2420 where the stock has formed a double top in the month of October-2016.

Broad range for the stock in the coming week is seen between 2200 to 2220 on downside to 2340 to 2350 on upside.

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

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

INFOSYS:

 

infy

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 980 to 985. Support for the stock lies in the zone of 950 to 960 from where the stock has broken out of the consolidation zone. If the stock manages to close below these levels then the stock can drift to the levels of 920 to 930. Major support for the stock lies in the zone of 800 to 820 where trend-line joining lows of November-2008 and April-2013 is lying. During the week the stock manages to hit a low of 969 and close the week around the levels of 988.

Support for the stock lies in the zone of 950 to 960 from where the stock has broken out of the consolidation zone. If the stock manages to close below these levels then the stock can drift to the levels of 920 to 930. Major support for the stock lies in the zone of 800 to 820 where trend-line joining lows of November-2008 and April-2013 is lying.

Resistance for the stock lies in the zone of 1000 to 1010 from where the stock has broken down from the double bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 1030 to 1050 from where the stock has broken down in the month of October – 2016.

Broad range for the stock in the coming week is seen between 950 to 960 on downside to 1020 to 1030 on upside.

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

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

STATE BANK OF INDIA:

 

sbin

 

SBIN closed the week on negative note losing around 5.90%.

As we have mentioned last week that minor support for the stock lies in the zone of 260 to 262 on intraday basis. Support for the stock lies in the zone of 250 to 252 from where the stock has bounced 3 times in last 15 days. If the stock manages to close below these levels then the stock can drift to the levels of 235 to 238 from where the stock has bounced on 09/11/2016. During the week the stock manages to hit a low of 248 and close the week around the levels of 249.

Support for the stock lies in the zone of 248 to 252 from where the stock has bounced many times in last 1 month. If the stock manages to close below these levels then the stock can drift to the levels of 235 to 238 from where the stock has bounced on 09/11/2016.

Minor resistance for the stock lies in the zone of 253 to 255 from where the stock has broken down on intraday basis. Resistance for the stock lies in the zone of 258 to 260 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 267 to 270 levels.

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 (December 26, 2016 – December 30, 2016)

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

AXIS BANK:

 

axis

 

Axis Bank closed the week on negative note losing around 7.30%.

As we have mentioned last week that minor support for the stock lies in the zone of 458 to 460. Support for the stock lies in the zone of 440 to 445 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 410 to 420 from where the stock has bounced in the month of April-2016. During the week the stock manages to hit a low of 436 and close the week around the levels of 438.

Support for the stock lies in the zone of 430 to 435. If the stock manages to close below these levels then the stock can drift to the levels of 410 to 420 from where the stock has bounced in the month of April-2016.

Minor resistance for the stock lies in the zone of 442 to 445 from where the stock has broken down from the lows of 07/12/2016 and 13/12/2016. Resistance for the stock lies in the zone of 460 to 465. If the stock manages to close above these levels then the stock can move to the levels of 480 to 485 where short term moving averages are lying.

Broad range for the stock in the coming week can be 415 – 420 on lower side to 460 – 465 on upper side.

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

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

ICICI BANK:

 

icicib

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 260 to 262 from where the stock has broken down on intraday basis. Resistance for the stock lies in the zone of 265 to 267 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 270 to 272. During the week the stock manages to hit a high of 259 and close the week around the levels of 252.

Support for the stock lies in the zone of 250 to 252 where 200 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 the stock has taken support in the month of August-2016 and October-2016.

Minor resistance for the stock lies in the zone of 255 to 257. Resistance for the stock lies in the zone of 260 to 262 from where the stock has broken down on intraday basis. Resistance for the stock lies in the zone of 265 to 267 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 270 to 272.

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 (December 26, 2016 – December 30, 2016)

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

HDFC BANK:

 

hdfcb

 

HDFC Bank closed the week on positive note gaining around 0.30%.

As we have mentioned last week that support for the stock lies in the zone of 1178 to 1180 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1150 to 1160 where the stock has taken support in the month of May-2016 and June-2016. During the week the stock manages to hit a low of 1168 and close the week around the levels of 1186.

The stock has closed around the support zone of 1180 to 1185 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1150 to 1160 where the stock has taken support in the month of May-2016 and June-2016.

Resistance for the stock lies in the zone of 1200 to 1220 from where the stock has broken down from the lows of 15/07/2016 and 09/11/2016. If the stock manages to close above these levels then the stock can move to the levels of 1240 to 1250 where short term and medium term moving averages are lying.

Broad range for the stock in the coming week can be 1160 on lower side to 1210 on upper side.

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

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

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 10200 to 10300 where the index has made 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 10500 to 10600 where life time highs for the index is lying. During the week the index manages to hit a high of 10193 and close the week around the levels of 10062.

Minor support for the index lies in the zone of 9930 to 9960 on intraday basis. Support for the index lies in the zone of 9650 to 9700. Support for the index lies in the zone of 9500 to 9550 from where the index has bounced in the month of September – 2016. If the index manages to close below these levels then the index can drift to the levels of 8800 to 9000 from where the index has broken out of the double top pattern.

Resistance for the index lies in the zone of 10200 to 10300 where the index has made 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 10500 to 10600 where life time highs for the index is lying.

Broad range for the index is seen between 9700 to 9750 on downside to 10300 to 10400 on upside.

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

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

NIFTY AUTO:

 

auto

 

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

As we have mentioned last week that support for the index lies in the zone of 9000 where 200 Daily SMA is lying and from where the index has broken out of the short term consolidation. If the index manages to close below these levels then the index can drift to the levels of 8400 to 8500 where the index has formed a low on Brexit day. During the week the index manages to hit a low of 8875 and close the week around the levels of 8987.

The index has closed below the levels of 9000 where 200 Daily SMA is lying and from where the index has broken out of the short term consolidation. If the index manages to close below these levels then the index can drift to the levels of 8400 to 8500 where the index has formed a low on Brexit day.

Minor resistance for the index lies in the zone of 9050 to 9100 from where the index has broken down on intraday basis. Resistance for the index lies in the zone of 9400 to 9500 from where the index has broken down from the multiple support zone which was holding the index in the month of August-2016 and November-2016. If the index manages to close above these levels then the index can move to the levels of 9800 to 10000 from where the index has broken down from the consolidation in the month of September-2016 and October-2016.

Broad range for the index is seen from 8700 to 8750 on downside to 9200 to 9250 on upside.

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

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

NIFTY PHARMA:

 

pharma

 

Nifty PHARMA index closed the week on negative note losing around 4.60%.

As we have mentioned last week that support for the index lies in the zone of 10350 to 10500 from where the index has bounced in the month of March – 2016 and June – 2016. If the index breaks below these levels on closing basis then the index can witness a free fall as no supports are visible. If the index breaks below these levels then the index can drift to the levels of 10000. During the week the index manages to hit a low of 10075 and close the week around the levels of 10157.

Support for the index lies in the zone of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016. The index has been trading very weak and virtually no support for the index is visible. If the index manages to close below these levels then the index can drift to the levels of 9500.

Resistance for the index lies in the zone of 10350 to 10500 from where the index has broken down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where medium term moving averages are lying.

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

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

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

NIFTY FMCG:

 

fmcg

 

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

As we have mentioned last week that minor support for the index lies in the zone of 20000 to 20100. Support for the index lies in the zone of 19500 to 19600 where the index has formed a short term bottom. If the index manages to close below these levels then the index can drift to the levels of 19000 to 19100 where the index has taken support in the month of March-2016 and May-2016. During the week the index manages to hit a low of 19512 and close the week around the levels of 19593.

Support for the index lies in the zone of 19500 to 19600 where the index has formed a short term bottom. If the index manages to close below these levels then the index can drift to the levels of 19000 to 19100 where the index has taken support in the month of March-2016 and May-2016.

Minor resistance for the index lies in the zone of 19800 to 19900. Resistance for the index lies in the zone of 20000 to 20100 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 20500 to 20600 where short term moving averages are lying.

Broad range for the index in the coming week is seen from 19100 to 19200 on downside to 20000 to 20100 on upside.

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

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

NIFTY IT:

 

it

 

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

As we have mentioned last week that minor support for the index lies in the zone of 10000 to 10050 from where the index has broken out on intraday basis. Support for the index lies in the zone of 9700 to 9800 from where the index broke out of consolidation. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9400 where trend-line joining the lows of April-2015, July-2015 and February-2016 is lying. During the week the index manages to hit a low of 10049 and close the week around the levels of 10071.

Minor support for the index lies in the zone of 10000 to 10050 from where the index has broken out on intraday basis. Support for the index lies in the zone of 9700 to 9800 from where the index broke out of consolidation. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9400 where trend-line joining the lows of April-2015, July-2015 and February-2016 is lying.

The index has closed around the resistance zone of 10100 to 10200 from where the index has broken down from the February – 2016 lows. If the index manages to close above these levels then the index can move to the levels of around 10500 to 10600 from where the index has broken down from the double bottom pattern.

Broad range for the index in the coming week is seen from 9800 to 9850 on downside to 10250 to 10300 on upside.

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

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

NIFTY BANK:

 

bankni

 

Nifty Bank ended the week on negative note losing around 2.30%.

As we have mentioned last week that support for the index lies in the zone of 18000 to 18100 from where neck-line of the Inverse H & S pattern formed from August-2015 to July-2016 is lying. If the index closes below these levels then the index can drift to the levels of 17700 to 17800 where long term moving averages are lying. Below these levels the index can drift to the levels of 17000 from where the index has bounced on Brexit day. During the wee the index manages to hit a low of 17820 and close the week around the levels of 17884.

Support for the index lies in the zone of 17700 to 17800 where long term moving averages are lying. Below these levels the index can drift to the levels of 17000 from where the index has bounced on Brexit day.

Resistance for the index lies in the zone of 18050 to 18150 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 18600 to 18700 where the index has made a top in the month of December-2016.

Range for the week is seen from 17400 to 17500 on downside to 18200 to 18300 on upside.

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

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

NIFTY:

 

nifty

 

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

As we have mentioned last week that minor support for the index lies in the zone of 8100 to 8150 on intraday basis. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500. During the week the index manages to hit a low of 7942 and close the week around the levels of 7986.

Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500 to 7700.

Minor resistance for the index lies in the zone of 8050 to 8100. Resistance for the index lies in the zone of 8250 to 8300 where the index has form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying.

Broad range for the week is seen from 7750 on downside to 8150 on upside.

Share Market Tips for – Friday, December 23, 2016

equitypandit_square

Nifty To See Big Downfall If Closed Below 7900 Levels, Hold Short Positions

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative. EquityPandit predicted that Indian Stock Market is still in negative zone. EquityPandit also predicted that traders should hold short positions unitl Nifty holds 8150 levels and exactly same happened. Indian Stock Market opened negative and saw sharp downfall as predicted by EquityPandit. BankNifty saw lows right at EquityPandit’s predicted support levels of 17840 like a dot. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open negative. Indian Stock Market is still in negative zone. 7920 would be make or break levels for Nifty. Closing below 7920-7900 would confirm a big head and shoulder pattern and Nifty could see a sharp downfall in that case. So, Traders should hold short positions as of now with strict closing stoploss of 8079 levels. Nifty, if closes below 7900 levels than it could see the next targets of 7800-7600 levels in days to come.

FIIs were net sellers of Rs.614.40 crores whereas DIIs were net buyers of Rs.319.79 crores in cash market for last trading session. Nifty would see strong support at 7920-7897-7800-7777-7645 whereas strong resistance would be seen at 7985-8005-8079-8100-8150 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (7979) The support for the Nifty is 8050-8000-7920-7897-7800-7777-7645 and the resistance to the up move is at 7985-8005-8079-8100-8150 levels.

NSE BankNifty: (17890) The support for BankNifty is at 17740-17660-17547-17470 and the resistance to the up move is at 18000-18052-18139-18220 levels.

BSE Sensex: (25980) The support for the Sensex is at 25877-25760-25624-25540 and the resistance to the up move is at 26000-26060-26180-26270 levels.

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

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Share Market Tips for – Thursday, December 22, 2016

equitypandit_square

Hold Short Until Nifty Closes Above 8150 Levels

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. EquityPandit predicted that some bounce would be seen but traders should go short at every positive rally in the market. Indian Stock Market moved sharply positive but was not able to sustain higher levels and fell down sharply from there. Nifty saw lows right near EquityPandit’s predicted support levels like a dot. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed negative for the day. Sensex closed just above EquityPandit’s predicted support levels of 26240 like a dot.

Today: Indian Stock Market would open negative. Indian Stock Market is still in negative zone. Now, Nifty would see strong resistance at 8150 levels. Some bounce back would be seen near 8050-8000 levels but traders should go short at every positive rally until Nifty closes above 8150 levels. EquityPandit was among the first few to suggest shorting in the market and since than we are experiencing the gradual downfall everyday in the market. Overall market movement would be gradual but the trend is negative until Nifty closes above 8150 and BankNifty closes above 18335 levels. Traders should initiate long positions only if Nifty closes above 8150 levels.

FIIs were net sellers of Rs.1178.08 crores whereas DIIs were net buyers of Rs.1057.96 crores in cash market for last trading session. Nifty would see strong support at 8050-8000-7950-7920 whereas strong resistance would be seen at 8105-8150-8180-8200 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8061) The support for the Nifty is 8050-8000-7950-7920 and the resistance to the up move is at 8105-8150-8180-8200 levels.

NSE BankNifty: (18084) The support for BankNifty is at 18000-17940-17840-17740-17547 and the resistance to the up move is at 18240-18188-18320-18490 levels.

BSE Sensex: (26242) The support for the Sensex is at 26164-26060-25950 and the resistance to the up move is at 26440-26505-26600-26670-26733 levels.

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

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Share Market Tips for – Wednesday, December 21, 2016

equitypandit_square

Some Bounce To Be Seen But Go Short At Positive Rally Until Nifty Closes Above 8170

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that market would see sideways movement but the trend is still negative and traders can go short at every positive movement. EquityPandit also predicted that BankNifty would enter into negative zone once it breaches 18255 levels and exactly same happened. Market moved sharply negative and saw lows right near EquityPandit’s predicted support levels of 8050 for Nifty and 18000 levels for Banknifty. Traders, who followed EquityPandit’s advice might have earned whopping profits for the day. Finally, Indian Stock Market closed negative for the day just above EquityPandit’s predicted support levels of 8077 for Nifty and 18060 for BankNifty.

Today: Indian Stock Market would open flat with positive bias. Indian Stock Market is still in negative zone. BankNifty has also entered into negative zone but 18000 levels would act as strong support for BankNifty. Nifty would also see strong support near 8050 and 8000 levels. Breaching these support levels would be little harder for the market. There is strong chances of a positive reaction, so traders can go short at every positive rally with strict stoploss of 8170 on closing basis. Market would enter into positive trend only if it closes above 8170 for Nifty and 18394 levels for BankNifty, until then, every positive movement is an opportunity for traders to go short in the market. Market would continue to see sideways movement in a rangebound region due to lack of volumes.

FIIs were net sellers of Rs.685.93 crores whereas DIIs were net buyers of Rs.418.93 crores in cash market for last trading session. Nifty would see strong support at 8050-8000-7950-7920 whereas strong resistance would be seen at 8150-8180-8200-8230 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8082) The support for the Nifty is 8050-8000-7950-7920 and the resistance to the up move is at 8150-8180-8200-8230 levels.

NSE BankNifty: (18069) The support for BankNifty is at 18000-17940-17840-17740-17547 and the resistance to the up move is at 18240-18188-18320-18490 levels.

BSE Sensex: (26307) The support for the Sensex is at 26240-26164-26060-25950 and the resistance to the up move is at 26440-26505-26600-26670-26733 levels.

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

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Share Market Tips for – Tuesday, December 20, 2016

equitypandit_square

Market To Remain Sideways, Go Short At Every Positive Movement

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative for the day. EquityPandit predicted that market would remain rangebound due to lack of volumes but traders should go short at every positive movement and exactly same happened. Indian Stock Market opened negative and gradually saw downwards movement as per EquityPandit’s predictions. Market remained rangebound with negatively biased as per EquityPandit’s predictions. Traders, who followed EquityPandit’s advice might have earned decent profits even in the rangebound market. Finally, Indian Stock Market closed negative just above EquityPandit’s predicted support levels of 18255 for BankNifty and 8100 levels for Nifty like a dot.

Today: Indian Stock Market would open flat. Nifty is still in negive zone and BankNifty would also enter into negative zone once it closes below 18255 levels. Market would remain rangebound due to lack of volumes for the rest of December 2016. Fresh movement and trend would be seen only in January 2017. For now, traders can short at every positive movement as market would see some downward movement. Market would be considered negative until Nifty closes above 8196 levels.

FIIs were net sellers of Rs.535.77 crores whereas DIIs were net buyers of Rs.556.36 crores in cash market for last trading session. Nifty would see strong support at 8097-8077-8050-8000 whereas strong resistance would be seen at 8180-8200-8230-8265-8280 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8104) The support for the Nifty is 8097-8077-8050-8000 and the resistance to the up move is at 8180-8200-8230-8265-8280 levels.

NSE BankNifty: (18257) The support for BankNifty is at 18240-18188-18060-18000-17940 and the resistance to the up move is at 18320-18490-18588-18690 levels.

BSE Sensex: (26375) The support for the Sensex is at 26340-26164-26060-25950 and the resistance to the up move is at 26505-26600-26670-26733 levels.

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

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Share Market Tips for – Monday, December 19, 2016

equitypandit_square

Market To Remain Rangebound Due To Lack Of Volumes, Go Short At Every Positive Movement

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that Nifty has already entered into negative zone. EquityPandit also predicted that market looks weak, so traders can go short at every positive rally in the market and exactly same happened. Indian Stock Market opened flat and moved positive but was not able to sustain higher levels. Market fell down from day highs. Market remained rangebound and Sensex saw lows right at EquityPandit’s predicted support levels of 26450 like a dot. Traders, who followed EquityPandit’s advice to go short at every positive rally, might have earned huge profits for the day. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open negative. Now, Nifty is already in negative zone and BankNifty would also enter into negative zone once it closes below 18255 levels. Traders can go short at every positive rally in the market as of now. Anyways, market would remain rangebound due to lack of volumes as FIIs would be in holiday mood. EquityPandit doesn’t expect any big movement in the market for next couple of days and market would see next decisive trend in the first week of January 2017. For now, traders can go short at every positive movement in the market.

FIIs were net sellers of Rs.90.36 crores whereas DIIs were net buyers of Rs.30.48 crores in cash market for last trading session. Nifty would see strong support at 8100-8077-8050-8000 whereas strong resistance would be seen at 8200-8230-8265-8280-8310 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8139) The support for the Nifty is 8100-8077-8050-8000 and the resistance to the up move is at 8180-8200-8230-8265-8280 levels.

NSE BankNifty: (18312) The support for BankNifty is at 18240-18188-18060-18000-17940 and the resistance to the up move is at 18490-18588-18690-18780 levels.

BSE Sensex: (26490) The support for the Sensex is at 26450-26400-26380-26164 and the resistance to the up move is at 26600-26670-26733-26809 levels.

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

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Colgate Palmolive Outlook for the Week (December 19, 2016 – December 23, 2016)

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

COLGATE PALMOLIVE:

 

colpal

 

Colgate Palmolive closed the week on negative note losing around 1.10%.

As we have mentioned last week that support for the stock lies in the zone of 900 to 910 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 850 to 860 from where the stock has broken out of the consolidation zone from February-2016 to May-2016. During the week the stock manages to hit a low of 897 and close the week around the levels of 910.

Support for the stock lies in the zone of 900 to 910 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 850 to 860 from where the stock has broken out of the consolidation zone from February-2016 to May-2016.

Minor resistance for the stock lies in the zone of 925 to 930. Resistance for the stock lies in the zone of 940 to 950 where medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 980 to 990.

Broad range for the stock is seen between 860 to 870 on lower end and 930 to 940 on upper end.

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

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

DABUR:

 

dabur

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 283 to 285 where 200 Daily SMA 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 295 to 298. During the week the stock manages to hit a high of 283 and close the week around the levels of 271.

Support for the stock lies in the zone of 270 to 272 where the stock has taken support in the month of October-2016 and November-2016. If the stock manages to close below these levels then the stock will break down from the 2 months of consolidation and the stock can drift to the levels of 260 to 262 levels from where the stock has broken out in the month of April-2016.

Minor resistance for the stock lies in the zone of 275 to 277. Resistance for the stock lies in the zone of 283 to 285 where 200 Daily SMA 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 295 to 298.

Broad range for the stock is seen between 260 to 262 on lower end and 280 to 282 on upper end.

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

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

HINDUSTAN UNILEVER:

 

hindu

 

HIND Unilever closed the week on negative note losing around 3.30%.

As we have mentioned last week that 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 846 and close the week around the levels of 820.

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.

Minor resistance for the stock lies in the zone of 830 to 835. 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 780 to 790 on downside and 840 to 850 on upside.

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

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

ITC:

 

itc

 

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

As we have mentioned last week that support for the stock lies in the zone of 230 to 232. Support for the stock lies in the zone of 225 to 227 from where the stock broke out of the consolidation zone from December-2015 to May-2016. If the stock manages to close below these levels then the stock can drift to the levels of 200. During the week the stock manages to hit a low of 226 and close the week around the levels of 227.

Support for the stock lies in the zone of 225 to 227 from where the stock broke out of the consolidation zone from December-2015 to May-2016. If the stock manages to close below these levels then the stock can drift to the levels of 220.

Minor resistance for the stock lies in the zone of 230. Resistance for the stock lies in the zone of 233 to 235 from where the stock has broken down from the bearish H & S pattern and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 240.

Broad range for the stock in coming week is seen between 220 to 222 on downside and 233 to 235 on upside.

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

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

CIPLA:

 

cipla

 

CIPLA closed the week on negative note losing around 2.20%.

As we have mentioned last week that resistance for the stock lies in the zone of 575 to 580 from where the stock has broken down. If the stock manages to close above these levels then the stock can move to the levels of 600 to 610 where the highs of October-2016 and September-2016 is lying. During the week the stock manages to hit a high of 582 and close the week around the levels of 564.

Support for the stock lies in the zone of 560 to 565 from where the stock has broken out on the intra-day basis. Support for the stock lies in the zone of 530 to 540 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 510 where the stock has formed a bottom in the month of July – 2016 and August – 2016.

Resistance for the stock lies in the zone of 575 to 580 from where the stock has broken down. If the stock manages to close above these levels then the stock can move to the levels of 600 to 610 where the highs of October-2016 and September-2016 is lying.

Broad range for the stock is seen in the range of 545 – 550 on downside to 575 – 580 on upside.

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

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

DR. REDDY:

 

drr

 

Dr Reddy closed the week on negative note losing around 2.50%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 3200 to 3230. Resistance for the stock lies in the zone of 3350 to 3400 where the stock has formed a top in the month of October-2016. If the stock manages to close above these levels then the stock can move to the levels of 3450 to 3500. During the week the stock manages to hit a high of 3189 and close the week around the levels of 3107.

Support for the stock lies in the zone of 3050 to 3070 from where the stock has bounced couple of times in the month of November-2016. If the stock manages to close below these levels then the stock can drift to the levels of 3000 to 3010 where the stock has formed a bottom in the month of October – 2016 and November-2016.

Resistance for the stock lies in the zone of 3150 to 3170 where 200 Daily SMA 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 3200 to 3230 where the stock has formed a short term top.

Broad range for the stock is seen from 3000 – 3030 on downside to 3170 – 3200 on upside.

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

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

LUPIN:

 

lupin

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 1520 to 1540. Resistance for the stock lies in the zone of 1550 to 1570 where the stock has formed a double top pattern and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 1600. During the week the stock manages to hit a high of 1525 and close the week around the levels of 1468.

Minor support for the stock lies in the zone of 1460 to 1470. Support for the stock lies in the zone of 1420 to 1440 from where the stock has broken out of the consolidation zone. If the stock manages to close below these levels then the stock can drift to the levels of 1380 to 1400 where the stock has made a bottom in the month of June – 2016.

Minor resistance for the stock lies in the zone of 1480 to 1490. Resistance for the stock lies in the zone of 1510 to 1520 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 1550 to 1570 where the stock has formed a double top pattern and 200 Daily SMA is lying.

Broad range for the stock is seen from 1420 – 1430 on downside to 1500 – 1510 on upside.

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

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

SUN PHARMA:

 

sun

 

SUN PHARMA closed the week on negative note losing around 3.80%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 685 to 690. Resistance for the stock lies in the zone of 700 to 710 where trend-line joining lows of November-2015 and June-2016 is lying. If the stock manages to close above these levels then the stock can move to the levels of 720 to 730 from where the stock has broken down from the lows of September-2016 and October-2016. During the week the stock manages to hit a high of 693 and close the week around the levels of 648.

Support for the stock lies in the zone of 640 to 650 where the stock has formed a gap on 27/06/2014 and also the stock has broken out of the double top pattern formed in October – 2013 and February – 2014. If the stock manages to close below these levels then the stock can drift to the levels of 600.

Minor resistance for the stock lies in the zone of 655 to 660 from where the stock has broken down on intraday basis. Resistance for the stock lies in the zone of 700 to 710 where trend-line joining lows of November-2015 and June-2016 is lying. If the stock manages to close above these levels then the stock can move to the levels of 720 to 730 from where the stock has broken down from the lows of September-2016 and October-2016.

Broad range for the stock in the coming week can be 630 – 635 on lower side to 670 – 675 on upper side.

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

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

WIPRO:

 

wipro

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 470 to 475 from where the stock has broken down from the double bottom pattern in the month of September – 2016. If the stock manages to close above these levels then the stock can move to the levels of 480 to 490 where medium term moving averages are lying. During the week the stock manages to hit a high of 472 and close the week around the levels of 463.

Support for the stock lies in the zone of 455 to 457 levels from where the stock has broken out on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 435 to 440 levels where the stock has taken support couple of times last week.

Resistance for the stock lies in the zone of 470 to 475 from where the stock has broken down from the double bottom pattern in the month of September – 2016. If the stock manages to close above these levels then the stock can move to the levels of 480 to 490 where medium term moving averages are lying.

Broad range for the stock in the coming week is seen between 445 to 450 on downside to 470 to 475 on upside.

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

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

HCL TECHNOLOGIES:

 

hcl

 

HCL Tech closed the week on positive note gaining around 2.20%.

As we have mentioned last week that resistance for the stock lies in the zone of 820 to 830 where the stock has form a top in early part of November-2016. If the stock manages to close above these levels then the stock can move to the levels of 850 to 860 levels where the stock has formed a top in the month of August-2016 and October-2016. During the week the stock manages to hit a high of 840 and close the week around the levels of 821.

Minor support for the stock lies in the zone of 800 to 810. Support for the stock lies in the zone of 770 to 780 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of around 750 to 760 where the stock has found support in the month of August-2016, September-2016 and October-2016.

Resistance for the stock lies in the zone of 820 to 830 where the stock has form a top in early part of November-2016. If the stock manages to close above these levels then the stock can move to the levels of 850 to 860 levels where the stock has formed a top in the month of August-2016 and October-2016.

Broad range for the stock in the coming week is seen between 770 to 780 on downside to 840 to 850 on upside.

TCS Outlook for the Week (December 19, 2016 – December 23, 2016)

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

TATA CONSULTANCY SERVICES:

 

tcs

 

TCS closed the week on positive note gaining around 3.90%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 2215 to 2230 from where the stock has broken down on intraday basis. Resistance for the stock lies in the zone of 2260 to 2280 from where the stock broke down from the double bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 2400 to 2420 where the stock has formed a double top in the month of October-2016. During the week the stock manages to hit a high of 2290 and close the week around the levels of 2280.

Minor support for the stock lies in the zone of 2210 to 2220 from where the stock has broken out on intraday basis. Support for the stock lies in the zone of 2150 to 2170 from where the stock has broken out of the consolidation zone. If the stock manages to close below these levels then the stock can drift to the levels of 2080 to 2100 from where the stock has bounced in the month of November-2016.

Resistance for the stock lies in the zone of 2260 to 2280 from where the stock broke down from the double bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 2400 to 2420 where the stock has formed a double top in the month of October-2016.

Broad range for the stock in the coming week is seen between 2200 to 2220 on downside to 2340 to 2350 on upside.

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

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

INFOSYS:

 

infy

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 1000 to 1010 from where the stock has broken down from the double bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 1030 to 1050 from where the stock has broken down in the month of October – 2016. During the week the stock manages to hit a high of 1019 and close the week around the levels of 1005.

Minor support for the stock lies in the zone of 980 to 985. Support for the stock lies in the zone of 950 to 960 from where the stock has broken out of the consolidation zone. If the stock manages to close below these levels then the stock can drift to the levels of 920 to 930. Major support for the stock lies in the zone of 800 to 820 where trend-line joining lows of November-2008 and April-2013 is lying.

Resistance for the stock lies in the zone of 1000 to 1010 from where the stock has broken down from the double bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 1030 to 1050 from where the stock has broken down in the month of October – 2016.

Broad range for the stock in the coming week is seen between 950 to 960 on downside to 1020 to 1030 on upside.

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

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

STATE BANK OF INDIA:

 

sbin

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 260 to 262 on intraday basis. Support for the stock lies in the zone of 250 to 252 from where the stock has bounced 3 times in last 15 days. If the stock manages to close below these levels then the stock can drift to the levels of 235 to 238 from where the stock has bounced on 09/11/2016. During the week the stock manages to hit a low of 259 and close the week around the levels of 265.

Minor support for the stock lies in the zone of 260 to 262 on intraday basis. Support for the stock lies in the zone of 250 to 252 from where the stock has bounced 3 times in last 15 days. If the stock manages to close below these levels then the stock can drift to the levels of 235 to 238 from where the stock has bounced on 09/11/2016.

Resistance for the stock lies in the zone of 269 to 271 levels from where the stock has broken down from the declining triangle pattern on intraday basis. If the stock manages to close above these levels then the stock can move to the levels of 278 to 280 from where the stock has broken down.

Broad range for the stock in the coming week can be 250 to 252 on lower side to 275 to 278 on upper side.

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

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

AXIS BANK:

 

axis

 

Axis Bank closed the week on positive note gaining around 3.30%.

As we have mentioned last week that support for the stock lies in the zone of 440 to 445 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 410 to 420 from where the stock has bounced in the month of April-2016. During the week the stock manages to hit a low of 442 and close the week around the levels of 471.

Minor support for the stock lies in the zone of 458 to 460. Support for the stock lies in the zone of 440 to 445 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 410 to 420 from where the stock has bounced in the month of April-2016.

Resistance for the stock lies in the zone of 485 to 490 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 500 to 510 where 200 Daily SMA and top made in the month of Novemeber-2016 is lying.

Broad range for the stock in the coming week can be 450 – 455 on lower side to 500 – 510 on upper side.

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

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

ICICI BANK:

 

icici

 

ICICI Bank closed the week on negative note losing around 4.50%.

As we have mentioned last week that minor support for the stock lies in the zone of 260 to 262 on intraday basis. Support for the stock lies in the zone of 254 to 256 from where the stock has bounced couple of times in last week of November-2016. If the stock manages to close below these levels then the stock can drift to the levels of 245 to 247 from where the stock has bounced on 09/11/2016. During the week the stock manages to hit a low of 255 and close the week around the levels of 256.

Support for the stock lies in the zone of 254 to 256 from where the stock has bounced couple of times in last week of November-2016. If the stock manages to close below these levels then the stock can drift to the levels of 245 to 247 from where the stock has bounced on 09/11/2016.

Minor resistance for the stock lies in the zone of 260 to 262 from where the stock has broken down on intraday basis. Resistance for the stock lies in the zone of 265 to 267 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 270 to 272.

Broad range for the stock in the coming week can be 248 – 250 on lower side to 266 – 268 on upper side.

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

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

HDFC BANK:

 

hdfcb

 

HDFC Bank closed the week on negative note losing around 1.20%.

As we have mentioned last week that support for the stock lies in the zone of 1170 to 1175 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1150 to 1160 where the stock has taken support in the month of May-2016 and June-2016. During the week the stock manages to hit a low of 1164 and close the week around the levels of 1184.

Support for the stock lies in the zone of 1178 to 1180 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1150 to 1160 where the stock has taken support in the month of May-2016 and June-2016.

Resistance for the stock lies in the zone of 1200 to 1220 from where the stock has broken down from the lows of 15/07/2016 and 09/11/2016. If the stock manages to close above these levels then the stock can move to the levels of 1240 to 1250 where short term and medium term moving averages are lying.

Broad range for the stock in the coming week can be 1160 on lower side to 1210 on upper side.

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

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

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 10200 to 10300 where the index has made 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 10500 to 10600 where life time highs for the index is lying. During the week the index manages to hit a high of 10245 and close the week around the levels of 10081.

Minor support for the index lies in the zone of 9930 to 9960 on intraday basis. Support for the index lies in the zone of 9650 to 9700. Support for the index lies in the zone of 9500 to 9550 from where the index has bounced in the month of September – 2016. If the index manages to close below these levels then the index can drift to the levels of 8800 to 9000 from where the index has broken out of the double top pattern.

Resistance for the index lies in the zone of 10200 to 10300 where the index has made 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 10500 to 10600 where life time highs for the index is lying.

Broad range for the index is seen between 9700 to 9750 on downside to 10300 to 10400 on upside.

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

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

NIFTY AUTO:

 

auto

 

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

As we have mentioned last week that support for the index lies in the zone of 9000 where 200 Daily SMA is lying and from where the index has broken out of the short term consolidation. If the index manages to close below these levels then the index can drift to the levels of 8400 to 8500 where the index has formed a low on Brexit day. During the week the index manages to hit a low of 9043 and close the week around the levels of 9140.

Support for the index lies in the zone of 9000 where 200 Daily SMA is lying and from where the index has broken out of the short term consolidation. If the index manages to close below these levels then the index can drift to the levels of 8400 to 8500 where the index has formed a low on Brexit day.

Minor resistance for the index lies in the zone of 9250 to 9300. Resistance for the index lies in the zone of 9400 to 9500 from where the index has broken down from the multiple support zone which was holding the index in the month of August-2016 and November-2016. If the index manages to close above these levels then the index can move to the levels of 9800 to 10000 from where the index has broken down from the consolidation in the month of September-2016 and October-2016.

Broad range for the index is seen from 8850 to 8900 on downside to 9400 to 9500 on upside.

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

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

NIFTY PHARMA:

 

pharma

 

Nifty PHARMA index closed the week on negative note losing around 2.50%.

As we have mentioned last week that minor support for the index lies in the zone of 10800. Support for the index lies in the zone of 10350 to 10500 from where the index has bounced in the month of March – 2016 and June – 2016. If the index breaks below these levels on closing basis then the index can witness a free fall as no supports are visible. If the index breaks below these levels then the index can drift to the levels of 10000. During the week the index manages to hit a low of 10539 and close the week around the levels of 10639.

Support for the index lies in the zone of 10350 to 10500 from where the index has bounced in the month of March – 2016 and June – 2016. If the index breaks below these levels on closing basis then the index can witness a free fall as no supports are visible. If the index breaks below these levels then the index can drift to the levels of 10000.

Minor resistance for the index lies in the zone of 10750 to 10850. Resistance for the index lies in the zone of 11200 to 11300 from where the index has broken down from the double bottom pattern and 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 11500 to 11700 levels from where the index has broken down.

Broad range for the index is seen from 10300 to 10350 on downside to 10800 to 10900 on upside.

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

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

NIFTY FMCG:

 

fmcg

 

Nifty FMCG index closed the week on negative note losing around 3.10%.

As we have mentioned last week that resistance for the index lies in the zone of 20600 to 20800 from where the index has broken down from the June-2016 lows and also long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 21000 to 21100 from where the index has broken down from the October-2016 lows. During the week the index manages to hit a high of 20547 and close the week around the levels of 19997.

Minor support for the index lies in the zone of 20000 to 20100. Support for the index lies in the zone of 19500 to 19600 where the index has formed a short term bottom. If the index manages to close below these levels then the index can drift to the levels of 19000 to 19100 where the index has taken support in the month of March-2016 and May-2016.

Minor resistance for the index lies in the zone of 20300 to 20400. Resistance for the index lies in the zone of 20600 to 20800 from where the index has broken down from the June-2016 lows and also long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 21000 to 21100 from where the index has broken down from the October-2016 lows.

Broad range for the index in the coming week is seen from 19100 to 19200 on downside to 20500 to 20600 on upside.

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

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

NIFTY IT:

 

it

 

Nifty IT index ended the week on positive note gaining around 1.60%.

As we have mentioned last week that resistance for the index lies in the zone of 10000 to 10200 from where the index has broken down from the February – 2016 lows. If the index manages to close above these levels then the index can move to the levels of around 10500 to 10600 from where the index has broken down from the double bottom pattern. During the week the index manages to hit a high of 10300 and close the week around the levels of 10219.

Minor support for the index lies in the zone of 10000 to 10050 from where the index has broken out on intraday basis. Support for the index lies in the zone of 9700 to 9800 from where the index broke out of consolidation. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9400 where trend-line joining the lows of April-2015, July-2015 and February-2016 is lying.

The index has closed around the resistance zone of 10100 to 10200 from where the index has broken down from the February – 2016 lows. If the index manages to close above these levels then the index can move to the levels of around 10500 to 10600 from where the index has broken down from the double bottom pattern.

Broad range for the index in the coming week is seen from 9900 to 9950 on downside to 10450 to 10500 on upside.

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

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

NIFTY BANK:

 

bankn

 

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

As we have mentioned last week that minor support for the index lies in the zone of 18400 to 18500 on intraday basis. Support for the index lies in the zone of 18000 to 18100 from where neck-line of the Inverse H & S pattern formed from August-2015 to July-2016 is lying. If the index closes below these levels then the index can drift to the levels of 17700 to 17800 where long term moving averages are lying. Below these levels the index can drift to the levels of 17000 from where the index has bounced on Brexit day. During the week the index manages to hit a low of 18122 and close the week around the levels of 18331.

Support for the index lies in the zone of 18000 to 18100 from where neck-line of the Inverse H & S pattern formed from August-2015 to July-2016 is lying. If the index closes below these levels then the index can drift to the levels of 17700 to 17800 where long term moving averages are lying. Below these levels the index can drift to the levels of 17000 from where the index has bounced on Brexit day.

Minor resistance for the index lies in the zone of 18400 to 18500 on intraday basis. Resistance for the index lies in the zone of 18800 to 19000 from where the index has broken down from the October lows and also medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 19500.

Range for the week is seen from 17500 to 17600 on downside to 18800 to 18900 on upside.

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

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

NIFTY:

 

nifty

 

Nifty ended the week on negative note losing around 1.48%.

As we have mentioned last week that minor support for the index lies in the zone of 8100 to 8150 on intraday basis. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500. During the week the index manages to hit a low of 8122 and close the week around the levels of 8139.

Minor support for the index lies in the zone of 8100 to 8150 on intraday basis. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500.

Resistance for the index lies in the zone of 8250 to 8300 where the index can form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying.

Broad range for the week is seen from 7900 on downside to 8300 on upside.

Share Market Tips for – Friday, December 16, 2016

equitypandit_square

Nifty Entered Negative Zone, Go Short At Every Positive Rally Until Nifty Closes Above 8261

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that market would open lower and would recover from day lows. EquityPandit also predicted that market would enter into negative zone if it closes below 8170 levels where traders can initiate fresh short positions and exactly same happened. Indian Stock Market opened gap negative and recovered sharply as per EquityPandit’s predictions. Traders, who followed EquityPandit’s advice might have earned whopping profits for the day. Market saw highs right below EquityPandit’s predicted resistance levels of 8230 levels for Nifty and 26733 levels for Sensex. Finally, Market fell down sharply and closed right above EquityPandit’s predicted support levels of 26500 for Sensex and 8145 levels for Nifty.

Today: Indian Stock Market would open flat. Now, Nifty has entered into negative zone and BankNifty is still in positive zone. BankNifty would enter into negative zone once it closes below 18255 levels. Market may see some short covering but for now, market looks weak and traders can go short at every positive rally in the market. BankNifty would soon enter into negative zone once it closes below 18255 levels and we could see some sharp downfall in the market in days to come. Nifty would be considered sell on every rally until it closes above 8261 levels. Market has consolidated since last 20 days and now we could see sharp movement anytime. There is lesser volumes in the market as Foreign Institutional Investors (FIIs) are in holiday mood.

FIIs were net sellers of Rs.611.97 crores whereas DIIs were net seller of Rs.177.48 crores in cash market for last trading session. Nifty would see strong support at 8100-8077-8050-8000 whereas strong resistance would be seen at 8200-8230-8265-8280-8310 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8154) The support for the Nifty is 8100-8077-8050-8000 and the resistance to the up move is at 8200-8230-8265-8280-8310 levels.

NSE BankNifty: (18401) The support for BankNifty is at 18240-18188-18060-18000-17940 and the resistance to the up move is at 18490-18588-18690-18780 levels.

BSE Sensex: (26519) The support for the Sensex is at 26450-26400-26380-26164 and the resistance to the up move is at 26670-26733-26809-26950 levels.

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

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Share Market Tips for – Thursday, December 15, 2016

equitypandit_square

US FED Increased Rates By 25 bps, Market To See Roller-Coaster Rides

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. EquityPandit predicted that Market would be considered positive until it holds 8170 levels by closing and would see sideways movement until FED Policy is disclosed and same happened. Market moved positive and saw highs right at EquityPandit’s predicted resistance levels of 18490 for BankNifty and 26733 for Sensex like a dot. Market started declining from its resistance levels and remained choppy for the whole day. Finally, Indian Stock Market closed negative for the day. Sensex closed right above EquityPandit’s predicted support levels of 26600 like a dot.

Today: Indian Stock Market would open gap negative. Technically, Indian Stock Market is still in positive zone. Market needs to close below 8170 for Nifty and 18255 levels for BankNifty to enter into negative zone. US FED increased Interest Rates by 25 bps, which was very much expected by the markets. Market would see roller-coaster rides today. There is possibility of recovery after a negative opening but direction would remain uncertain until closing. Traders can initiate short positions only if Nifty closes below 8170 and BankNifty closes below 18255 levels. Budget hopes are still there and a pre-budget rally can be seen in days to come. For now, Market would see positive rally if Nifty breaches 8265 levels and would see sharp downfall if it closes below 8170 levels.

FIIs were net sellers of Rs.632.29 crores whereas DIIs were net buyers of Rs.210.86 crores in cash market for last trading session. Nifty would see strong support at 8145-8100-8077-8000 whereas strong resistance would be seen at 8200-8230-8265-8280-8310 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: Jammu & Kashmir Bank Ltd.

NSE Nifty: (8182) The support for the Nifty is 8145-8100-8077-8000 and the resistance to the up move is at 8200-8230-8265-8280-8310 levels.

NSE BankNifty: (18342) The support for BankNifty is at 18240-18188-18060-18000-17940 and the resistance to the up move is at 18490-18588-18690-18780 levels.

BSE Sensex: (26603) The support for the Sensex is at 26500-26450-26380-26164 and the resistance to the up move is at 26733-26809-26950-27060 levels.

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

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Share Market Tips for – Wednesday, December 14, 2016

equitypandit_square

Market Positive As Of Now, Go Long With Closing Stoploss Of 8170 For Nifty, US FED Policy Tonight

 

Last Trading Session: Indian Stock Market opened flat with positive bias. EquityPandit predicted that market would keep moving in a rangebound region between EquityPandit’s predicted support and resistance levels and exactly same happened. Market saw lows right near EquityPandit’s predicted support levels of 8150 for Nifty and 26500 for Sensex. Market moved sharply from day lows to see highs right near EquityPandit’s predicted resistance levels of 8225 for Nifty and 26733 for Sensex. BankNifty also saw highs right at EquityPandit’s predicted resistance levels of 18490 like a dot. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open flat with positive bias. Technically, Indian Stock Market is still in positive zone and Nifty has rightly managed to close above EquityPandit’s reversal levels of 8170. Market would be considered positive until Market holds 8170 levels for Nifty and 18255 levels for BankNifty on closing basis. WPI data would be disclosed today and since US Federal Reserve’s two days Policy meeting outcome would be disclosed tonight, hence market would see sideways movement. Nifty, if managed to close above 8265 levels than we would see sharp positive rally in the market. Now, Banking sector needs to outperform for Nifty to breach its range. Overall, market is in positive trend and traders can go long at every dip in the market with closing stoploss of 8170 for Nifty and 18255 for BankNifty. Indian Stock Market would see sharp downfall if US FED decides to increase the interest rates.

FIIs were net sellers of Rs.2181.03 crores whereas DIIs were net buyers of Rs.178.92 crores in cash market for last trading session. Nifty would see strong support at 8197-8150-8100-8077 whereas strong resistance would be seen at 8265-8280-8310-8357 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: MTNL, National Aluminium Company, Titagarh Wagons Ltd and Unitech Ltd.

NSE Nifty: (8222) The support for the Nifty is 8197-8150-8100-8077 and the resistance to the up move is at 8265-8280-8310-8357 levels.

NSE BankNifty: (18466) The support for BankNifty is at 18333-18240-18188-18060-18000 and the resistance to the up move is at 18490-18588-18690-18780 levels.

BSE Sensex: (26698) The support for the Sensex is at 26600-26500-26450-26380-26164 and the resistance to the up move is at 26733-26809-26950-27060 levels.

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

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Share Market Tips for – Tuesday, December 13, 2016

equitypandit_square

Nifty Again Entered In Bearish Zone, Market To Remain Uncertain For Next 2 Days

 

Last Trading Session: Market opened flat for the day. EquityPandit predicted that market would see profit booking (Negative Movement) as a reaction of sharp positive movement in last week and exactly same happened. Indian Stock Market moved sharply negative and closed right at EquityPandit’s predicted reversal levels of 8171 like a dot. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open flat. Technically, Nifty has again entered into bearish mode whereas BankNifty is still in Positive mode. Market would keep moving in rangebound region and would remain uncertain until US FED Policy outcome is disclosed. The best strategy is to wait until December 14, 2016 to avoid any wrong entry. Market would move up and down in a rangebound region in upcoming 2 days until FED Policy decision is announced and traders should avoid any major trading for next 2 days

Following events would be seen in upcoming days:

December 13, 2016: November CPI Data, US FED Two Days Meeting Starts
December 14, 2016: November WPI Data

So, this is an important week and traders and investors across the globe would wait for FED decision on rising interest rates in US as it would impact all global markets. We expect market to remain rangebound until we get outcome of US FED meeting and than market would react accordingly.

FIIs were net sellers of Rs.94.45 crores whereas DIIs were net sellers of Rs.266.20 crores in cash market for last trading session. Nifty would see strong support at 8150-8100-8077-8050 whereas strong resistance would be seen at 8225-8280-8310-8357 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: Alok Industries, Amtek Auto, Bajaj Hindusthan Sugar, Coal India, Den Networks, GMDC, Hindustan Copper, HDIL, Kaveri Seed Company, KSK Energy, Omaxe and Prism Cement Ltd.

NSE Nifty: (8171) The support for the Nifty is 8150-8100-8077-8050 and the resistance to the up move is at 8225-8280-8310-8357 levels.

NSE BankNifty: (18393) The support for BankNifty is at 18333-18240-18188-18060-18000 and the resistance to the up move is at 18490-18588-18690-18780 levels.

BSE Sensex: (26515) The support for the Sensex is at 26500-26450-26380-26164 and the resistance to the up move is at 26733-26809-26950-27060 levels.

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

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Share Market Tips for – Monday, December 12, 2016

equitypandit_square

Event-Packed Week, Go Long At Dips Until Nifty Holds 8170 On Closing Basis

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that Nifty has entered into positive zone and traders should go long at every dip in the market. EquityPandit also predicted traders to go long in BankNifty if it breaches levels of 18534 levels and exactly same happened. Indian Stock Market moved sharply positive. BankNifty breached levels of 18534 that forced it to see highs of 18739 levels. Traders, who followed EquityPandit’s advice to go long in BankNifty might have earned whopping profits for the day. Sensex also saw highs right below EquityPandit’s predicted resistance levels of 26809 levels. Nifty closes right below EquityPandit’s predicted resistance levels of 8267 like a dot. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market including Nifty, Sensex and BankNifty are is positive zone. Some profit booking (negative movement) may be seen as a reaction of sharp positive movement in last week but Overall market is positive as of now and traders should go long at every dip in the market until Nifty holds 8171 levels on closing basis. Now, this week is packed with important events. Following events would be seen in upcoming weeks:

December 12, 2016: October IIP Data
December 13, 2016: November CPI Data, US FED two days Policy Meeting would start
December 14, 2016: November WPI Data

So, this is an important week and traders and investors across the globe would wait for FED decision on rising interest rates in US as it would impact all global markets. We expect market to remain rangebound until we get outcome of US FED meeting and than market would react accordingly. For now traders can go long at every dip in the market with strict closing stoploss of 8170 levels for Nifty. Next targets for Nifty would be 8300-8350-8390 levels whereas BankNifty targets would be 18800-19000 levels.

FIIs were net buyers of Rs.200.52 crores whereas DIIs were net buyers of Rs.289.57 crores in cash market for last trading session. Nifty would see strong support at 8197-8150-8100-8077 whereas strong resistance would be seen at 8280-8310-8357-8399 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: CESC, Kwality and Sunteck Realty Ltd.

NSE Nifty: (8262) The support for the Nifty is 8197-8150-8100-8077 and the resistance to the up move is at 8280-8310-8357-8399 levels.

NSE BankNifty: (18695) The support for BankNifty is at 18625-18530-18430-18333-18240 and the resistance to the up move is at 18780-18888-19000 levels.

BSE Sensex: (26747) The support for the Sensex is at 26597-26500-26450-26380 and the resistance to the up move is at 26809-26950-27060-27128 levels.

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

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Colgate Palmolive Outlook for the Week (December 12, 2016 – December 16, 2016)

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

COLGATE PALMOLIVE:

 

colpal

 

Colgate Palmolive 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 940 to 950 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 980 to 990. During the week the stock manages to hit a high of 945 and close the week around the levels of 920.

Support for the stock lies in the zone of 900 to 910 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 850 to 860 from where the stock has broken out of the consolidation zone from February-2016 to May-2016.

Resistance for the stock lies in the zone of 940 to 950 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 980 to 990.

Broad range for the stock is seen between 890 to 900 on lower end and 950 to 960 on upper end.

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

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

DABUR:

 

dabur

 

Dabur closed the week on negative note losing around 1.60%.

As we have mentioned last week that support for the stock lies in the zone of 278 to 280 from where the stock has broken out on intraday basis. Support for the stock lies in the zone of 270 to 272 where the stock has taken support in the month of October-2016 and November-2016. If the stock manages to close below these levels then the stock will break down from the 2 months of consolidation and the stock can drift to the levels of 260 to 262 levels from where the stock has broken out in the month of April-2016. During the week the stock manages to hit a low of 277 and close the week around the levels of 279.

Support for the stock lies in the zone of 278 to 280 from where the stock has broken out on intraday basis. Support for the stock lies in the zone of 270 to 272 where the stock has taken support in the month of October-2016 and November-2016. If the stock manages to close below these levels then the stock will break down from the 2 months of consolidation and the stock can drift to the levels of 260 to 262 levels from where the stock has broken out in the month of April-2016.

Resistance for the stock lies in the zone of 283 to 285 where 200 Daily SMA 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 295 to 298.

Broad range for the stock is seen between 272 to 275 on lower end and 295 to 300 on upper end.

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

EquityPandit’s Outlook for Hindustan Unilever for the week (December 12, 2016 – December 16, 2016) :

HINDUSTAN UNILEVER:

 

hind

 

HIND Unilever closed the week on positive note gaining around 1.60%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 840 to 845. 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 851 and close the week around the levels of 845.

Minor support for the stock lies in the zone of 820 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.

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 810 to 820 on downside and 870 to 875 on upside.

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

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

ITC:

 

itc

 

ITC closed the week on positive note gaining around 3.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 232 to 234 where 200 Daily SMA and the lows of October-2016 are lying. If the stock manages to close above these levels then the stock can move to the levels of 240 to 243 where medium term moving averages are lying. During the week the stock manages to hit a high of 240 and close the week around the levels of 236.

Support for the stock lies in the zone of 230 to 232. Support for the stock lies in the zone of 225 to 227 from where the stock broke out of the consolidation zone from December-2015 to May-2016. If the stock manages to close below these levels then the stock can drift to the levels of 200.

Resistance for the stock lies in the zone of 240 to 243 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.

Broad range for the stock in coming week is seen between 224 to 226 on downside and 242 to 244 on upside.

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

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

CIPLA:

 

cipla

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 575 to 580 from where the stock has broken down. If the stock manages to close above these levels then the stock can move to the levels of 600 to 610 where the highs of October-2016 and September-2016 is lying. During the week the stock manages to hit a high of 586 and close the week around the levels of 579.

Minor support for the stock lies in the zone of 568 to 570. Support for the stock lies in the zone of 560 to 565 from where the stock has broken out on the intra-day basis. Support for the stock lies in the zone of 530 to 540 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 510 where the stock has formed a bottom in the month of July – 2016 and August – 2016.

Resistance for the stock lies in the zone of 575 to 580 from where the stock has broken down. If the stock manages to close above these levels then the stock can move to the levels of 600 to 610 where the highs of October-2016 and September-2016 is lying.

Broad range for the stock is seen in the range of 555 – 560 on downside to 590 – 600 on upside.

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

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

DR. REDDY:

 

drr

 

Dr Reddy closed the week on positive note gaining around 0.20%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 3200 to 3230. Resistance for the stock lies in the zone of 3350 to 3400 where the stock has formed a top in the month of October-2016. If the stock manages to close above these levels then the stock can move to the levels of 3450 to 3500. During the week the stock manages to hit a high of 3242 and close the week around the levels of 3186.

Support for the stock lies in the zone of 3150 to 3170 where medium term and 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 3000 to 3010 where the stock has formed a top in the month of October – 2016.

Minor resistance for the stock lies in the zone of 3200 to 3230. Resistance for the stock lies in the zone of 3350 to 3400 where the stock has formed a top in the month of October-2016. If the stock manages to close above these levels then the stock can move to the levels of 3450 to 3500.

Broad range for the stock is seen from 3070 – 3100 on downside to 3270 – 3300 on upside.

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

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

LUPIN:

 

lupi

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 1520 to 1540. Resistance for the stock lies in the zone of 1550 to 1570 where the stock has formed a double top pattern and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 1600. During the week the stock manages to hit a high of 1548 and close the week around the levels of 1512.

Minor support for the stock lies in the zone of 1460 to 1480. Support for the stock lies in the zone of 1420 to 1440 from where the stock has broken out of the consolidation zone on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 1380 to 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 to 1540. Resistance for the stock lies in the zone of 1550 to 1570 where the stock has formed a double top pattern and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 1600.

Broad range for the stock is seen from 1420 – 1440 on downside to 1550 – 1560 on upside.

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

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

SUN PHARMA:

 

sun

 

SUN PHARMA closed the week on negative note losing around 6.60%.

As we have mentioned last week that resistance for the stock lies in the zone of 700 to 710 where trend-line joining lows of November-2015 and June-2016 is lying. If the stock manages to close above these levels then the stock can move to the levels of 720 to 730 from where the stock has broken down from the lows of September-2016 and October-2016. If the stock manages to close above these levels then the stock can move to the levels of 750 to 755 from where the stock sold off in the month of October-2016. During the week the stock manages to hit a high of 725 and close the week around the levels of 659.

Support for the stock lies in the zone of 655 to 660 where the stock has taken multiple support on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 640 to 650 where the stock has formed a gap on 27/06/2014 and also the stock has broken out of the double top pattern formed in October – 2013 and February – 2014.

Minor resistance for the stock lies in the zone of 685 to 690. Resistance for the stock lies in the zone of 700 to 710 where trend-line joining lows of November-2015 and June-2016 is lying. If the stock manages to close above these levels then the stock can move to the levels of 720 to 730 from where the stock has broken down from the lows of September-2016 and October-2016.

Broad range for the stock in the coming week can be 640 – 645 on lower side to 680 – 685 on upper side.

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

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

WIPRO:

 

wipro

 

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

As we have mentioned last week that support for the stock lies in the zone of 455 to 457 levels from where the stock has broken out on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 435 to 440 levels where the stock has taken support couple of times last week. During the week the stock manages to hit a low of 452 and close the week around the levels of 458.

Support for the stock lies in the zone of 455 to 457 levels from where the stock has broken out on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 435 to 440 levels where the stock has taken support couple of times last week.

Resistance for the stock lies in the zone of 470 to 475 from where the stock has broken down from the double bottom pattern in the month of September – 2016. If the stock manages to close above these levels then the stock can move to the levels of 480 to 490 where medium term moving averages are lying.

Broad range for the stock in the coming week is seen between 440 to 445 on downside to 470 to 475 on upside.

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

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

HCL TECHNOLOGIES:

 

hcltech

 

HCL Tech 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 780 to 785. Support for the stock lies in the zone of 750 to 760 where the stock has found support in the month of August-2016, September-2016 and October-2016. If the stock manages to close below these levels then the stock can drift to the levels of around 700 to 710 from where the stock has taken multiple support in the month of May-2016 and July-2016. During the week the stock manages to hit a low of 771 and close the week around the levels of 803.

Minor support for the stock lies in the zone of 780 to 785. Support for the stock lies in the zone of 750 to 760 where the stock has found support in the month of August-2016, September-2016 and October-2016. If the stock manages to close below these levels then the stock can drift to the levels of around 700 to 710 from where the stock has taken multiple support in the month of May-2016 and July-2016.

Resistance for the stock lies in the zone of 820 to 830 where the stock has form a top in early part of November-2016. If the stock manages to close above these levels then the stock can move to the levels of 850 to 860 levels where the stock has formed a top in the month of August-2016 and October-2016.

Broad range for the stock in the coming week is seen between 760 to 770 on downside to 820 to 830 on upside.

TCS Outlook for the Week (December 12, 2016 – December 16, 2016)

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

TATA CONSULTANCY SERVICES:

 

tcs

 

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

As we have mentioned last week that support for the stock lies in the zone of 2200 to 2210 from where the stock broke out on the intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 2150 to 2170 from where the stock has broken out of the consolidation zone. During the week the stock manages to hit a low of 2146 and close the week around the levels of 2195.

Support for the stock lies in the zone of 2150 to 2170 from where the stock has broken out of the consolidation zone. If the stock manages to close below these levels then the stock can drift to the levels of 2080 to 2100 from where the stock has bounced in the month of November-2016.

Minor resistance for the stock lies in the zone of 2215 to 2230 from where the stock has broken down on intraday basis. Resistance for the stock lies in the zone of 2260 to 2280 from where the stock broke down from the double bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 2400 to 2420 where the stock has formed a double top in the month of October-2016.

Broad range for the stock in the coming week is seen between 2100 to 2120 on downside to 2250 to 2280 on upside.

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

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

INFOSYS:

 

infy

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 975 to 980. Resistance for the stock lies in the zone of 1000 to 1010 from where the stock has broken down from the double bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 1030 to 1050 from where the stock has broken down in the month of October – 2016. During the week the stock manages to hit a high of 1008 and close the week around the levels of 989.

Minor support for the stock lies in the zone of 950 to 960. Support for the stock lies in the zone of 900 to 910 from where the stock has bounced in the month of November-2016. Major support for the stock lies in the zone of 800 to 820 where trend-line joining lows of November-2008 and April-2013 is lying.

Resistance for the stock lies in the zone of 1000 to 1010 from where the stock has broken down from the double bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 1030 to 1050 from where the stock has broken down in the month of October – 2016.

Broad range for the stock in the coming week is seen between 950 to 960 on downside to 1010 to 1020 on upside.

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

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

ICICI BANK:

 

icici

 

ICICI Bank closed the week on positive note gaining around 3.40%.

As we have mentioned last week that support for the stock lies in the zone of 254 to 256 from where the stock has bounced couple of times in last week of November-2016. If the stock manages to close below these levels then the stock can drift to the levels of 245 to 247 from where the stock has bounced on 09/11/2016. During the week the stock manages to hit a low of 251 and close the week around the levels of 268.

Minor support for the stock lies in the zone of 260 to 262 on intraday basis. Support for the stock lies in the zone of 254 to 256 from where the stock has bounced couple of times in last week of November-2016. If the stock manages to close below these levels then the stock can drift to the levels of 245 to 247 from where the stock has bounced on 09/11/2016.

Resistance for the stock lies in the zone of 277 to 280 where 500 Daily SMA 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 252 – 255 on lower side to 280 – 282 on upper side.

SBI Outlook for the Week (December 12, 2016 – December 16, 2016)

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

STATE BANK OF INDIA:

 

sbin

 

SBIN closed the week on positive note gaining around 4.90%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 262 to 264 levels. Resistance for the stock lies in the zone of 269 to 271 levels from where the stock has broken down from the declining triangle pattern on intraday basis. If the stock manages to close above these levels then the stock can move to the levels of 278 to 280 from where the stock has broken down. During the week the stock manages to hit a high of 267 and close the week around the levels of 266.50.

Minor support for the stock lies in the zone of 260 to 262 on intraday basis. Support for the stock lies in the zone of 250 to 252 from where the stock has bounced 3 times in last 15 days. If the stock manages to close below these levels then the stock can drift to the levels of 235 to 238 from where the stock has bounced on 09/11/2016.

Resistance for the stock lies in the zone of 269 to 271 levels from where the stock has broken down from the declining triangle pattern on intraday basis. If the stock manages to close above these levels then the stock can move to the levels of 278 to 280 from where the stock has broken down.

Broad range for the stock in the coming week can be 250 to 252 on lower side to 275 to 278 on upper side.

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

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

AXIS BANK:

 

axis

 

Axis Bank closed the week on negative note losing around 0.80%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 441 and close the week around the levels of 456.

Support for the stock lies in the zone of 440 to 445 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 410 to 420 from where the stock has bounced in the month of April-2016.

Resistance for the stock lies in the zone of 458 to 462 from where the stock has broken down from the Wedge pattern formed in the month of November-2016. If the stock manages to close above these levels then the stock can move to the levels of 485 to 490 where short term moving averages are lying.

Broad range for the stock in the coming week can be 430 – 435 on lower side to 480 – 485 on upper side.

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

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

HDFC BANK:

 

hdfcbank

 

HDFC Bank 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 1200 to 1220 from where the stock has broken down from the lows of 15/07/2016 and 09/11/2016. If the stock manages to close above these levels then the stock can move to the levels of 1240 to 1250 where short term and medium term moving averages are lying. During the week the stock manages to hit a high of 1206 and close the week around the levels of 1198.

Support for the stock lies in the zone of 1170 to 1175 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1150 to 1160 where the stock has taken support in the month of May-2016 and June-2016.

Resistance for the stock lies in the zone of 1200 to 1220 from where the stock has broken down from the lows of 15/07/2016 and 09/11/2016. If the stock manages to close above these levels then the stock can move to the levels of 1240 to 1250 where short term and medium term moving averages are lying.

Broad range for the stock in the coming week can be 1170 on lower side to 1220 on upper side.

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

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

NIFTY ENERGY:

 

energy

 

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

As we have mentioned last week that minor support for the index lies in the zone of 9650 to 9700 on intraday basis. Support for the index lies in the zone of 9500 to 9550 from where the index has bounced in the month of September – 2016. If the index manages to close below these levels then the index can drift to the levels of 8800 to 9000 from where the index has broken out of the double top pattern. During the week the index manages to hit a low of 9742 and close the week around the levels of 10112.

Minor support for the index lies in the zone of 9930 to 9960 on intraday basis. Support for the index lies in the zone of 9650 to 9700. Support for the index lies in the zone of 9500 to 9550 from where the index has bounced in the month of September – 2016. If the index manages to close below these levels then the index can drift to the levels of 8800 to 9000 from where the index has broken out of the double top pattern.

Resistance for the index lies in the zone of 10200 to 10300 where the index has made 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 10500 to 10600 where life time highs for the index is lying.

Broad range for the index is seen between 9700 to 9750 on downside to 10300 to 10400 on upside.

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

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

NIFTY AUTO:

 

auto

 

Nifty AUTO index closed the week on positive note gaining around 4.10%.

As we have mentioned last week that minor resistance for the index lies in the zone of 8900 to 9000. Resistance for the index lies in the zone of 9200 to 9250 where the index had a gap down opening on 15/11/2016. If the index manages to close above these levels then the index can move to the levels of 9450 to 9500 where short term and medium term moving averages are lying. During the week the index manages to hit a high of 9365 and close the week around the levels of 9252.

Support for the index lies in the zone of 9000 where 200 Daily SMA is lying and from where the index has broken out of the short term consolidation. If the index manages to close below these levels then the index can drift to the levels of 8400 to 8500 where the index has formed a low on Brexit day.

Resistance for the index lies in the zone of 9400 to 9500 from where the index has broken down from the multiple support zone which was holding the index in the month of August-2016 and November-2016. If the index manages to close above these levels then the index can move to the levels of 9800 to 10000 from where the index has broken down from the consolidation in the month of September-2016 and October-2016.

Broad range for the index is seen from 8900 to 8950 on downside to 9400 to 9500 on upside.

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

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

NIFTY PHARMA:

 

pharma

 

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

As we have mentioned last week that resistance for the index lies in the zone of 11200 to 11300 from where the index has broken down from the double bottom pattern and 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 11500 to 11700 levels from where the index has broken down. During the week the index manages to hit a high of 11164 and close the week around the levels of 10929.

Minor support for the index lies in the zone of 10800. Support for the index lies in the zone of 10350 to 10500 from where the index has bounced in the month of March – 2016 and June – 2016. If the index breaks below these levels on closing basis then the index can witness a free fall as no supports are visible. If the index breaks below these levels then the index can drift to the levels of 10000.

Resistance for the index lies in the zone of 11200 to 11300 from where the index has broken down from the double bottom pattern and 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 11500 to 11700 levels from where the index has broken down.

Broad range for the index is seen from 10500 to 10600 on downside to 11400 to 11500 on upside.

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

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

NIFTY FMCG:

 

fmcg

 

Nifty FMCG index closed the week on positive note gaining around 2.20%.

As we have mentioned last week that resistance for the index lies in the zone of 20500 to 20700 from where the index has broken down from the June-2016 lows and also long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 21000 to 21100 from where the index has broken down from the October-2016 lows. During the week the index manages to hit a high of 20757 and close the week around the levels of 20622.

Minor support for the index lies in the zone of 20000 to 20200. Support for the index lies in the zone of 19500 to 19600 where the index has formed a short term bottom. If the index manages to close below these levels then the index can drift to the levels of 19000 to 19100 where the index has taken support in the month of March-2016 and May-2016.

Resistance for the index lies in the zone of 20600 to 20800 from where the index has broken down from the June-2016 lows and also long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 21000 to 21100 from where the index has broken down from the October-2016 lows.

Broad range for the index in the coming week is seen from 19500 to 19600 on downside to 21100 to 21200 on upside.

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

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

NIFTY IT:

 

it

 

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

As we have mentioned last week that support for the index lies in the zone of 9700 to 9800 from where the index broke out of consolidation. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9400 where trend-line joining the lows of April-2015, July-2015 and February-2016 is lying. During the week the index manages to hit a low of 9764 and close the week around the levels of 9997.

Support for the index lies in the zone of 9700 to 9800 from where the index broke out of consolidation. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9400 where trend-line joining the lows of April-2015, July-2015 and February-2016 is lying.

Resistance for the index lies in the zone of 10000 to 10200 from where the index has broken down from the February – 2016 lows. If the index manages to close above these levels then the index can move to the levels of around 10500 to 10600 from where the index has broken down from the double bottom pattern.

Broad range for the index in the coming week is seen from 9600 to 9700 on downside to 10300 to 10400 on upside.

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

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

NIFTY BANK:

 

banknifty

 

Nifty Bank ended the week on positive note gaining around 2.50%.

As we have mentioned last week that the index has closed around the support zone of 18000 to 18100 from where neck-line of the Inverse H & S pattern formed from August-2015 to July-2016 is lying. If the index closes below these levels then the index can drift to the levels of 17700 to 17800 where long term moving averages are lying. Below these levels the index can drift to the levels of 17000 from where the index has bounced on Brexit day. During the week the index manages to hit a low of 17953 and close the week around the levels of 18696.

Minor support for the index lies in the zone of 18400 to 18500 on intraday basis. Support for the index lies in the zone of 18000 to 18100 from where neck-line of the Inverse H & S pattern formed from August-2015 to July-2016 is lying. If the index closes below these levels then the index can drift to the levels of 17700 to 17800 where long term moving averages are lying. Below these levels the index can drift to the levels of 17000 from where the index has bounced on Brexit day.

Resistance for the index lies in the zone of 18800 to 19000 from where the index has broken down from the October lows and also medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 19500.

Range for the week is seen from 17500 to 17600 on downside to 19400 to 19500 on upside.

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

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

NIFTY:

 

nifty

 

Nifty ended the week on positive note gaining around 2.20%.

As we have mentioned last week that resistance for the index lies in the zone of 8250 to 8300 where the index can form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying. During the week the index manages to hit a high of 8275 and close the week around the levels of 8262.

Minor support for the index lies in the zone of 8100 to 8150 on intraday basis. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500.

Resistance for the index lies in the zone of 8250 to 8300 where the index can form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying.

Next week on 13th & 14th December the market has to deal with major event as FED is meeting for the Rate Hike decision. Generally the Rate Hike decision is a setback for the emerging markets in short term so Markets can be highly volatile.

Broad range for the week is seen from 7850 on downside to 8450 on upside.

Share Market Tips for – Friday, December 09, 2016

equitypandit_square

Nifty Entered Positive Zone, Go Long At Every Dip In The Market

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that market would see sharp short covering rally. EquityPandit also predicted that market is currently in negative zone but breaching levels of 8193 for Nifty would reverse the trend and market would enter into positive zone and exactly same happened. Indian Stock Market saw sharp short covering rally and breached the reversal levels of 8193 for Nifty. Breaching these levels forced market to move sharply positive. Indian Stock Market saw highs right at EquityPandit’s predicted resistance levels of 8250 for Nifty and 26720 levels for Sensex. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open positive. Technically, Nifty has entered into positive zone but BankNifty is still in negative zone. BankNifty would enter into positive zone once it breaches levels of 18534 on intraday basis and traders can take long positions home if BankNifty closes above 18600 levels. If BankNifty manages to close above 18600 levels then we could see sharp positive rally in days to come. Breaching levels of 18600 for BankNifty would force BankNifty to achieve EquityPandit’s target of 19000 for BankNifty and 8350-8390 levels for Nifty. Overall, its time for traders to go long at every dip in the market.
FIIs were net buyers of Rs.698.86 crores whereas DIIs were net buyers of Rs.64.32 crores in cash market for last trading session. Nifty would see strong support at 8197-8150-8100-8077 whereas strong resistance would be seen at 8267-8310-8357-8399 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: DLF, Gayatri Projects, Jaiprakash Power, Jaypee Infratech, Jindal Steel & Power, NMDC, Rolta and SJVN Ltd.

NSE Nifty: (8247) The support for the Nifty is 8197-8150-8100-8077 and the resistance to the up move is at 8267-8310-8357-8399 levels.

NSE BankNifty: (18515) The support for BankNifty is at 18333-18240-18188-18060 and the resistance to the up move is at 18588-18690-18780-18888-19000 levels.

BSE Sensex: (26694) The support for the Sensex is at 26597-26500-26450-26380 and the resistance to the up move is at 26809-26950-27060-27128 levels.

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

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Share Market Tips for – Thursday, December 08, 2016

equitypandit_square

Market To See sharp Positive Reaction But Go Short At Positive Rally Until Nifty Closes Above 8193

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. EquityPandit predicted that market is still in negative zone and RBI policy would decide the further direction in the market. EquityPandit also predicted that if there is no rate cut this time then market would slide down very sharply and exactly same happened. Indian Stock Market moved sharply positive and saw highs right at EquityPandit’s predicted resistance levels of 8200 for Nifty and 26540 for Sensex like a dot. RBI announced no rate cut and that force market to slide down very sharply. Traders, who followed EquityPandit’s advice might have earned whopping profits for the day. Finally, Indian Stock Market closed negative for the day but just above EquityPandit’s predicted support levels of 8100 like a dot.

Today: Indian Stock Market would open gap positive. Technically, Indian Stock Market is still in negative zone but we would see sharp short covering rally on the reaction of yesterday’s downfall. Market is lying between range of 8050 and 8200 for Nifty. Breaching any level out of these two on closing basis, would force market to move sharply in that direction. Overall, market is still negative and every positive movement is an opportunity for traders to go short in the market until Nifty closes above 8193 levels and BankNifty closes above 18600 levels. If there would be no positive news in upcoming days then we may witness sharp sell-off towards 8000 or below levels for Nifty. Once Nifty closes above 8193 and BankNifty closes above 18600 levels then traders can initiate fresh long positions in the market as the trend would reverse.
FIIs were net buyers of Rs.193.66 crores whereas DIIs were net sellers of Rs.56.28 crores in cash market for last trading session. Nifty would see strong support at 8100-8077-8050-7950-7916 whereas strong resistance would be seen at 8123-8148-8180-8200-8250 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: Finolex Cables, MMTC and SAIL.

NSE Nifty: (8102) The support for the Nifty is 8100-8077-8050-7950-7916 and the resistance to the up move is at 8123-8148-8180-8200-8250 levels.

NSE BankNifty: (18234) The support for BankNifty is at 18188-18060-18000-17950-17800 and the resistance to the up move is at 18490-18588-18690-18780-18888-19000 levels.

BSE Sensex: (26237) The support for the Sensex is at 26180-26124-26060-25950-25840 and the resistance to the up move is at 26350-26540-26720 levels.

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

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Share Market Tips for – Wednesday, December 07, 2016

equitypandit_square

RBI Credit Policy Today, Go Long In BankNifty Only If It Closes Above 18615 Levels.

 

Last Trading Session: Indian Stock Market opened gap positive. Nifty moved sharply higher and saw highs right near its resistance of 8180 levels. Market fell down sharply from there. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open flat with positive bias. Technically, Indian Stock Market is still in negative zone. Today is the RBI Policy day and we would see huge volatility in the market. Traders can go long in BankNifty only if it closes above 18615 levels on spot basis. Nifty would see reversal if it closes above 8193 levels. Nifty, if it closes above 8193 levels today than traders can go long in the market. Market has been waiting for RBI Policy to determine the next direction and today, we may see a final trend depending on the RBI Policy. EquityPandit expects a rate cut of 25 bps. Anything more than that would be a big surprise for the market to see a breakout and if there is no rate cut than market would slide down.
FIIs were net buyers of Rs.161.80 crores whereas DIIs were net sellers of Rs.164.68 crores in cash market for last trading session. Nifty would see strong support at 8117-8100-8050-7050-7916 whereas strong resistance would be seen at 8180-8200-8250-8288 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: Crompton Greaves, GMR Infrastructure and Prestige Esates Projects Ltd.

NSE Nifty: (8143) The support for the Nifty is 8117-8100-8050-7050-7916 and the resistance to the up move is at 8180-8200-8250-8288 levels.

NSE BankNifty: (18421) The support for BankNifty is at 18322-18262-18188-18000-17800 and the resistance to the up move is at 18540-18690-18780-18888-19000 levels.

BSE Sensex: (26392) The support for the Sensex is at 26280-26180-26124-26060-25950 and the resistance to the up move is at 26540-26720-26809-26950 levels.

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

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

Colgate Palmolive Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for Colgate Palmolive for the week (December 05, 2016 – December 09, 2016) :

COLGATE PALMOLIVE:

 

colpal

 

Colgate Palmolive closed the week on positive note gaining around 0.40%.

As we have mentioned last week that resistance for the stock lies in the zone of 940 to 950 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 980 to 990. During the week the stock manages to hit a high of 947 and close the week around the levels of 927.

Support for the stock lies in the zone of 900 to 910 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 850 to 860 from where the stock has broken out of the consolidation zone from February-2016 to May-2016.

Resistance for the stock lies in the zone of 940 to 950 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 980 to 990.

Broad range for the stock is seen between 890 to 900 on lower end and 950 to 960 on upper end.

Dabur Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for DABUR for the week (December 05, 2016 – December 09, 2016) :

DABUR:

 

dabur

 

Dabur closed the week on positive note gaining around 3.10%.

As we have mentioned last week that support for the stock lies in the zone of 270 to 272 where the stock has taken support in the month of October-2016 and November-2016. If the stock manages to close below these levels then the stock will break down from the 2 months of consolidation and the stock can drift to the levels of 260 to 262 levels from where the stock has broken out in the month of April-2016. During the week the stock manages to hit a low of 275 and close the week around the levels of 284.

Support for the stock lies in the zone of 278 to 280 from where the stock has broken out on intraday basis. Support for the stock lies in the zone of 270 to 272 where the stock has taken support in the month of October-2016 and November-2016. If the stock manages to close below these levels then the stock will break down from the 2 months of consolidation and the stock can drift to the levels of 260 to 262 levels from where the stock has broken out in the month of April-2016.

Resistance for the stock lies in the zone of 283 to 285 where 200 Daily SMA 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 295 to 298.

Broad range for the stock is seen between 272 to 275 on lower end and 295 to 300 on upper end.

Hindustan Unilever Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for Hindustan Unilever for the week (December 05, 2016 – December 09, 2016) :

HINDUSTAN UNILEVER:

 

hinduni

 

HIND Unilever closed the week on negative note losing around 0.30%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 840 to 845. 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 856 and close the week around the levels of 831.

Minor support for the stock lies in the zone of 815 to 820. 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.

Minor resistance for the stock lies in the zone of 840 to 845. 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 850 to 855 on upside.

ITC Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for ITC for the week (December 05, 2016 – December 09, 2016) :

ITC:

 

itc

 

ITC closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 232 to 234 where 200 Daily SMA and the lows of October-2016 are lying. If the stock manages to close above these levels then the stock can move to the levels of 240 to 243 where medium term moving averages are lying. During the week the stock manages to hit a high of 236 and close the week around the levels of 229.

Support for the stock lies in the zone of 225 to 227 from where the stock broke out of the consolidation zone from December-2015 to May-2016. If the stock manages to close below these levels then the stock can drift to the levels of 200.

Resistance for the stock lies in the zone of 232 to 234 where 200 Daily SMA and the lows of October-2016 are lying. If the stock manages to close above these levels then the stock can move to the levels of 240 to 243 where medium term moving averages are lying.

Broad range for the stock in coming week is seen between 220 to 222 on downside and 234 to 236 on upside.

Cipla Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for Cipla for the week (December 05, 2016 – December 09, 2016) :

CIPLA:

 

cipla

 

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

As we have mentioned last week that the stock has closed around the resistance zone of 560 to 565 from where the stock has broken down from the double bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 575 to 580 from where the stock has broken down. During the week the stock manages to hit a high of 580 and close the week around the levels of 571.

Support for the stock lies in the zone of 560 to 565 from where the stock has broken out on the intra-day basis. Support for the stock lies in the zone of 530 to 540 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 510 where the stock has formed a bottom in the month of July – 2016 and August – 2016.

Resistance for the stock lies in the zone of 575 to 580 from where the stock has broken down. If the stock manages to close above these levels then the stock can move to the levels of 600 to 610 where the highs of October-2016 and September-2016 is lying.

Broad range for the stock is seen in the range of 555 – 560 on downside to 590 – 600 on upside.

Dr. Reddy Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (December 05, 2016 – December 09, 2016) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on positive note gaining around 0.40%.

As we have mentioned last week that support for the stock lies in the zone of 3150 to 3170 where medium term and 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 3000 to 3010 where the stock has formed a top in the month of October – 2016. During the week the stock manages to hit a low of 3152 and close the week around the levels of 3180.

Support for the stock lies in the zone of 3150 to 3170 where medium term and 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 3000 to 3010 where the stock has formed a top in the month of October – 2016.

Minor resistance for the stock lies in the zone of 3200 to 3230. Resistance for the stock lies in the zone of 3350 to 3400 where the stock has formed a top in the month of October-2016. If the stock manages to close above these levels then the stock can move to the levels of 3450 to 3500.

Broad range for the stock is seen from 3070 – 3100 on downside to 3270 – 3300 on upside.

Lupin Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for Lupin for the week (December 05, 2016 – December 09, 2016) :

LUPIN:

 

lupin

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 1520 to 1540. Resistance for the stock lies in the zone of 1550 to 1570 where the stock has formed a double top pattern and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 1600. During the week the stock manages to hit a high of 1547 and close the week around the levels of 1489.

Minor support for the stock lies in the zone of 1460 to 1480. Support for the stock lies in the zone of 1420 to 1440 from where the stock has broken out of the consolidation zone on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 1380 to 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 to 1540. Resistance for the stock lies in the zone of 1550 to 1570 where the stock has formed a double top pattern and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 1600.

Broad range for the stock is seen from 1420 – 1440 on downside to 1550 – 1560 on upside.

Sun Pharma Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for Sun Pharma for the week (December 05, 2016 – December 09, 2016) :

SUN PHARMA:

 

sun

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 700 to 710 where trend-line joining lows of November-2015 and June-2016 is lying. If the stock manages to close above these levels then the stock can move to the levels of 720 to 730 from where the stock has broken down from the lows of September-2016 and October-2016. During the week the stock manages to hit a high of 731 and close the week around the levels of 720.

Minor support for the stock lies in the zone of 690 to 700. Support for the stock lies in the zone of 655 to 660 where the stock has taken multiple support on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 640 to 650 where the stock has formed a gap on 27/06/2014 and also the stock has broken out of the double top pattern formed in October – 2013 and February – 2014. It seems that the stock should hold these support zone.

Resistance for the stock lies in the zone of 700 to 710 where trend-line joining lows of November-2015 and June-2016 is lying. If the stock manages to close above these levels then the stock can move to the levels of 720 to 730 from where the stock has broken down from the lows of September-2016 and October-2016. If the stock manages to close above these levels then the stock can move to the levels of 750 to 755 from where the stock sold off in the month of October-2016.

Broad range for the stock in the coming week can be 680 – 690 on lower side to 740 – 745 on upper side.

Wipro Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for Wipro for the week (December 05, 2016 – December 09, 2016) :

WIPRO:

 

wipro

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 470 to 475 from where the stock has broken down from the double bottom pattern in the month of September – 2016. If the stock manages to close above these levels then the stock can move to the levels of 480 to 490 where medium term moving averages are lying. During the week the stock manages to hit a high of 471 and close the week around the levels of 460.

Support for the stock lies in the zone of 455 to 457 levels from where the stock has broken out on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 435 to 440 levels where the stock has taken support couple of times last week.

Resistance for the stock lies in the zone of 470 to 475 from where the stock has broken down from the double bottom pattern in the month of September – 2016. If the stock manages to close above these levels then the stock can move to the levels of 480 to 490 where medium term moving averages are lying.

Broad range for the stock in the coming week is seen between 440 to 445 on downside to 475 to 480 on upside.

HCL Tech Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for HCL Tech for the week (December 05, 2016 – December 09, 2016) :

HCL TECHNOLOGIES:

 

hclt

 

HCL Tech closed the week on negative note losing around 1.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 820 to 830 where the stock has form a top in early part of November-2016. If the stock manages to close above these levels then the stock can move to the levels of 850 to 860 levels where the stock has formed a top in the month of August-2016 and October-2016. During the week the stock manages to hit a high of 817 and close the week around the levels of 794.

Minor support for the stock lies in the zone of 780 to 785. Support for the stock lies in the zone of 750 to 760 where the stock has found support in the month of August-2016, September-2016 and October-2016. If the stock manages to close below these levels then the stock can drift to the levels of around 700 to 710 from where the stock has taken multiple support in the month of May-2016 and July-2016.

Resistance for the stock lies in the zone of 820 to 830 where the stock has form a top in early part of November-2016. If the stock manages to close above these levels then the stock can move to the levels of 850 to 860 levels where the stock has formed a top in the month of August-2016 and October-2016.

Broad range for the stock in the coming week is seen between 760 to 770 on downside to 820 to 830 on upside.

TCS Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for TCS for the week (December 05, 2016 – December 09, 2016) :

TATA CONSULTANCY SERVICES:

 

tcs

 

TCS closed the week on negative note losing around 3.40%.

As we have mentioned last week that the stock has closed around the resistance zone of 2260 to 2280 from where the stock broke down from the double bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 2400 to 2420 where the stock has formed a double top in the month of October-2016. During the wee the stock manages to hit a high of 2319 and close the week around the levels of 2222.

Support for the stock lies in the zone of 2200 to 2210 from where the stock broke out on the intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 2150 to 2170 from where the stock has broken out of the consolidation zone.

The stock has closed around the resistance zone of 2260 to 2280 from where the stock broke down from the double bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 2400 to 2420 where the stock has formed a double top in the month of October-2016.

Broad range for the stock in the coming week is seen between 2130 to 2150 on downside to 2280 to 2300 on upside.

Infosys Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for Infosys for the week (December 05, 2016 – December 09, 2016) :

INFOSYS:

 

infy

 

INFY 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 950 to 960. Support for the stock lies in the zone of 900 from where the stock has bounced couple of times. Major support for the stock lies in the zone of 800 to 820 where trend-line joining lows of November-2008 and April-2013 is lying. During the week the stock manages to hit a low of 961 and close the week around the levels of 965.

Minor support for the stock lies in the zone of 950 to 960. Support for the stock lies in the zone of 900 to 910 from where the stock has bounced in the month of November-2016. Major support for the stock lies in the zone of 800 to 820 where trend-line joining lows of November-2008 and April-2013 is lying.

Minor resistance for the stock lies in the zone of 975 to 980. Resistance for the stock lies in the zone of 1000 to 1010 from where the stock has broken down from the double bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 1030 to 1050 from where the stock has broken down in the month of October – 2016.

Broad range for the stock in the coming week is seen between 930 to 940 on downside to 1000 to 1010 on upside.

SBI Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for SBI for the week (December 05, 2016 – December 09, 2016) :

STATE BANK OF INDIA:

 

sbin

 

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

As we have mentioned last week that support for the stock lies in the zone of 263 to 265 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 246 to 248 where medium term moving averages are lying. During the week the stock manages to hit a low of 248 and close the week around the levels of 254.

Support for the stock lies in the zone of 246 to 248 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 235 to 238 from where the stock has bounced on 09/11/2016.

Minor resistance for the stock lies in the zone of 262 to 264 levels. Resistance for the stock lies in the zone of 269 to 271 levels from where the stock has broken down from the declining triangle pattern on intraday basis. If the stock manages to close above these levels then the stock can move to the levels of 278 to 280 from where the stock has broken down.

Broad range for the stock in the coming week can be 240 to 242 on lower side to 265 to 268 on upper side.

Axis Bank Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for Axis Bank for the week (December 05, 2016 – December 09, 2016) :

AXIS BANK:

 

axis

 

Axis Bank closed the week on negative note losing around 2.40%.

As we have mentioned last week that minor support for the stock lies in the zone of 468 to 470. 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. During the week the stock manages to hit a low of 458 and close the week around the levels of 460.

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.

Minor resistance for the stock lies in the zone of 475 to 480. Resistance for the stock lies in the zone of 500 to 510 where the highs of November-2016 and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 530 to 540 from where the stock has sold off in the month of October-2016.

Broad range for the stock in the coming week can be 440 – 445 on lower side to 480 – 485 on upper side.

ICICI Bank Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for ICICI Bank for the week (December 05, 2016 – December 09, 2016) :

ICICI BANK:

 

icici

 

ICICI Bank 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 268 to 270. Resistance for the stock lies in the zone of 281 to 283 where 500 Daily SMA 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 268 and close the week around the levels of 260.

Support for the stock lies in the zone of 254 to 256 from where the stock has bounced couple of times in last week of November-2016. If the stock manages to close below these levels then the stock can drift to the levels of 245 to 247 from where the stock has bounced on 09/11/2016.

Minor resistance for the stock lies in the zone of 264 to 268. Resistance for the stock lies in the zone of 281 to 283 where 500 Daily SMA 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 245 – 247 on lower side to 272 – 274 on upper side.

HDFC Bank Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for HDFC Bank for the week (December 05, 2016 – December 09, 2016) :

HDFC BANK:

 

hdfcb

 

HDFC Bank closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 1200 to 1220 from where the stock has broken down from the lows of 15/07/2016 and 09/11/2016. If the stock manages to close above these levels then the stock can move to the levels of 1240 to 1250 where short term and medium term moving averages are lying. During the week the stock manages to hit a high of 1208 and close the week around the levels of 1189.

Support for the stock lies in the zone of 1170 to 1175 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1150 to 1160 where the stock has taken support in the month of May-2016 and June-2016.

Resistance for the stock lies in the zone of 1200 to 1220 from where the stock has broken down from the lows of 15/07/2016 and 09/11/2016. If the stock manages to close above these levels then the stock can move to the levels of 1240 to 1250 where short term and medium term moving averages are lying.

Broad range for the stock in the coming week can be 1160 on lower side to 1220 on upper side.

Nifty Energy Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (December 05, 2016 – December 09, 2016) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 9850 to 10000 from where the index has broken down from the lows of October – 2016. If the index manages to close above these levels then the index can move to the levels of 10200 to 10300 where the index has made a top in the month of October-2016. During the week the index manages to hit a high of 10030 and close the week around the levels of 9805.

Minor support for the index lies in the zone of 9650 to 9700 on intraday basis. Support for the index lies in the zone of 9500 to 9550 from where the index has bounced in the month of September – 2016. If the index manages to close below these levels then the index can drift to the levels of 8800 to 9000 from where the index has broken out of the double top pattern.

Resistance for the index lies in the zone of 9850 to 10000 from where the index has broken down from the lows of October – 2016. If the index manages to close above these levels then the index can move to the levels of 10200 to 10300 where the index has made a top in the month of October-2016.

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 (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for NIFTY Auto for the week (December 05, 2016 – December 09, 2016) :

NIFTY AUTO:

 

auto

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 8900 to 9000. Resistance for the index lies in the zone of 9200 to 9250 where the index had a gap down opening on 15/11/2016. If the index manages to close above these levels then the index can move to the levels of 9450 to 9500 where short term and medium term moving averages are lying. During the week the index manages to hit a high of 9130 and close the week around the levels of 8889.

Support for the index lies in the zone of 8550 to 8750 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 8300 where the index has taken support in the month of June-2016.

Minor resistance for the index lies in the zone of 8900 to 9000. Resistance for the index lies in the zone of 9200 to 9250 where the index had a gap down opening on 15/11/2016. If the index manages to close above these levels then the index can move to the levels of 9450 to 9500 where short term and medium term moving averages are lying.

Broad range for the index is seen from 8500 to 8550 on downside to 9250 to 9300 on upside.

Nifty Pharma Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for NIFTY Pharma for the week (December 05, 2016 – December 09, 2016) :

NIFTY PHARMA:

 

pharma

 

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

As we have mentioned last week that resistance for the index lies in the zone of 11200 to 11300 from where the index has broken down from the double bottom pattern and 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 11500 to 11700 levels from where the index has broken down. During the week the index manages to hit a high of 11215 and close the week around the levels of 11038.

Minor support for the index lies in the zone of 10800. Support for the index lies in the zone of 10350 to 10500 from where the index has bounced in the month of March – 2016 and June – 2016. If the index breaks below these levels on closing basis then the index can witness a free fall as no supports are visible. If the index breaks below these levels then the index can drift to the levels of 10000.

Resistance for the index lies in the zone of 11200 to 11300 from where the index has broken down from the double bottom pattern and 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 11500 to 11700 levels from where the index has broken down.

Broad range for the index is seen from 10500 to 10600 on downside to 11400 to 11500 on upside.

Nifty FMCG Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for NIFTY FMCG for the week (December 05, 2016 – December 09, 2016) :  

NIFTY FMCG:

 

fmcg

 

Nifty FMCG index closed the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 20500 to 20700 from where the index has broken down from the June-2016 lows and also long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 21000 to 21100 from where the index has broken down from the October-2016 lows. During the week the index manages to hit a high of 20671 and close the week around the levels 20180.

Minor support for the index lies in the zone of 19900 to 20000. Support for the index lies in the zone of 19500 to 19600 where the index has formed a short term bottom. If the index manages to close below these levels then the index can drift to the levels of 19000 to 19100 where the index has taken support in the month of March-2016 and May-2016.

Resistance for the index lies in the zone of 20500 to 20700 from where the index has broken down from the June-2016 lows and also long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 21000 to 21100 from where the index has broken down from the October-2016 lows.

Broad range for the index in the coming week is seen from 19200 to 19300 on downside to 20700 to 20800 on upside.

Nifty IT Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for NIFTY IT for the week (December 05, 2016 – December 09, 2016) :

NIFTY IT:

 

cnxit

 

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

As we have mentioned last week that resistance for the index lies in the zone of 10000 to 10200 from where the index has broken down from the February – 2016 lows. If the index manages to close above these levels then the index can move to the levels of around 10500 to 10600 from where the index has broken down from the double bottom pattern. During the week the index manages to hit a high of 10172 and close the week around the levels of 9923.

Support for the index lies in the zone of 9700 to 9800 from where the index broke out of consolidation. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9400 where trend-line joining the lows of April-2015, July-2015 and February-2016 is lying.

Resistance for the index lies in the zone of 10000 to 10200 from where the index has broken down from the February – 2016 lows. If the index manages to close above these levels then the index can move to the levels of around 10500 to 10600 from where the index has broken down from the double bottom pattern.

Broad range for the index in the coming week is seen from 9600 to 9700 on downside to 10300 to 10400 on upside.

Nifty Bank Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (December 05, 2016 – December 09, 2016) :

NIFTY BANK:

 

banknifty

 

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

As we have mentioned last week that the index has closed around the support zone of 18400 to 18500 where the index has taken support in the month of July-2016 & August-2016. If the index manages to close below these levels then the index can drift to the levels of 18000 to 18100 from where the index has bounced on 09/11/2016. If the index closes below these levels then the index can drift to the levels of 17600 to 17700 where long term moving averages are lying. During the week the index manages to hit a low of 18164 and close the week around the levels of 18248.

The index has closed around the support zone of 18000 to 18100 from where neck-line of the Inverse H & S pattern formed from August-2015 to July-2016 is lying. If the index closes below these levels then the index can drift to the levels of 17700 to 17800 where long term moving averages are lying. Below these levels the index can drift to the levels of 17000 from where the index has bounced on Brexit day.

Resistance for the index lies in the zone of 18800 to 19000 from where the index has broken down from the October lows and also medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 19500.

Next week there will be RBI policy so high level of volatility might be seen.

Range for the week is seen from 17500 to 17600 on downside to 19000 to 19100 on upside.

Nifty Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for Nifty for week (December 05, 2016 – December 09, 2016):

NIFTY:

 

nifty

 

Nifty ended the week on negative note losing around 0.30%.

As we have mentioned last week that resistance for the index lies in the zone of 8250 to 8300 where the index can form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying. So it may be possible that the index can bounce from these levels of 8000 to 8300 to complete the right shoulder. During the week the index manages to hit a high of 8251 and close the week around the levels of 8087.

Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500.

Resistance for the index lies in the zone of 8250 to 8300 where the index can form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying.

Now in coming weeks if the index breaks below the levels of 7900 to 8000 on closing basis then index can form a Bearish H & S pattern. The targets for the same can be in the range of 7100 to 7200.

Broad range for the week is seen from 7850 on downside to 8350 on upside.

Share Market Tips for – Friday, December 02, 2016

equitypandit_square

Market To Open Negative, Go Long In Nifty With Strict Stoploss Of 8117 On Closing Basis

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that Indian Stock Market is still in positive zone and traders can go long at dips in the market. Indian Stock Market saw some profit booking today and saw sharp downfall from high levels. Still BankNifty was not able to close above EquityPandit’s predicted reversal levels of 18651. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open negative. Technically, Nifty is still in positive zone but BankNifty would enter into positive zone only once it closes above 18651 levels. Market would remain in trading range and traders can go long in Nifty until Nifty holds 8117 levels by closing. Closing below 8117 levels would force Nifty to enter into negative zone again and if that happens, Nifty would see sharp downfall. For now, traders can go long in Nifty with strict stoploss of 8117 on closing basis. Traders can initiate fresh short postions in market if Nifty closes below 8117 levels.
FIIs were net sellers of Rs.402.62 crores whereas DIIs were net buyers of Rs.237.81 crores in cash market for last trading session. Nifty would see strong support at 8160-8117-8100-8050 whereas strong resistance would be seen at 8250-8288-8305-8400 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: Ashoka Buildcon, GE Power, IL&FS Transportation and TV Today Network Ltd.

NSE Nifty: (8193) The support for the Nifty is 8160-8117-8100-8050 and the resistance to the up move is at 8250-8288-8305-8400 levels.

NSE BankNifty: (18428) The support for BankNifty is at 18322-18262-18188-18000 and the resistance to the up move is at 18540-18690-18780-18888 levels.

BSE Sensex: (26559) The support for the Sensex is at 26500-26450-26380 and the resistance to the up move is at 26720-26809-26950-27060 levels.

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

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Share Market Tips for – Thursday, December 01, 2016

equitypandit_square

Market In Positive Zone, Go Long At Every Dip In The Market

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive biased for the day. EquityPandit predicted that Nifty is still in positive zone and traders should go long at every dip in the market until Nifty closes below 8060 levels and exactly same happened. Indian Stock Market moved sharply positive and achieved both the EquityPandit’s targets of 8200-8220 for Nifty. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market is in positive zone and traders should go long at every dip in the market. Traders can also consider going long in BankNifty at every dip and can take long positions home if BankNifty closes above 18651 levels. Now next target for Nifty is 8288-8300-8400 and BankNifty is at 18880-19000 levels, if it closes above 18651 levels. For now, traders should go long at every dip in the market. Nifty candlestick charts have gap at 8500 levels, so if banking sector supports thatn Nifty can see levels of 8500 in upcoming days.
FIIs were net sellers of Rs.434.42 crores whereas DIIs were net buyers of Rs.676.68 crores in cash market for last trading session. Nifty would see strong support at 8200-8160-8100-8050 whereas strong resistance would be seen at 8288-8305-8400 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: Clariant Chemcials India Ltd and Gillette India Ltd.

NSE Nifty: (8225) The support for the Nifty is 8200-8160-8100-8050 and the resistance to the up move is at 8288-8305-8400 levels.

NSE BankNifty: (18628) The support for BankNifty is at 18591-18500-18440-18322 and the resistance to the up move is at 18690-18780-18888-19020 levels.

BSE Sensex: (26653) The support for the Sensex is at 26597-26500-26450-26380 and the resistance to the up move is at 26809-26950-27060-27128 levels.

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