MCX Tips for – Tuesday, January 31, 2017

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Gold (28524): Gold entered into positive zone. EquityPandit predicted that traders can initiate fresh long positions if Gold future breaches  28470.22 levels and exactly same happened. Gold Future moved sharply positive and closed above those levels. Traders can go long in Gold Future until it closes below 28212 levels.

Silver (414372): Analysis would remain same. Silver is still consolidating and traders can go short once it closes below 41173. Traders can initiate fresh long position once silver future closes above 41684.

Crude (3581): Crude is still in positive trend but would enter into negative zone once it closes below 3561.3 levels. Traders should initiate fresh short positions once it closes below 3561.3 levels. For now traders can hold long position until Crude future closes below 3561.3 levels.

Natural Gas (220.4): NG Future is still in positive zone. Traders can hold long positions until NG Future closes below 218 levels. Traders can initiate fresh short once it closes below 218 levels.

Copper (398): Copper has entered into negative zone. EquityPandit suggested traders to go short once Copper future closes below 399.58 levels. Now traders can hold short positions in Copper Future until it closes above 407.14 levels.

Zinc (188.9): Analysis would remain same. Zinc is still in positive trend and would enter into negative zone once it closes below 186.18 levels. Traders can go short only if Zinc closes below 186.18 levels, until then hold long positions.

Lead (160.45): Lead is still in negative zone. Lead Future would enter into positive zone once it closes above 162.04 levels. Traders can initiate fresh long positions only if Lead future closes above 162.04. Until then hold short positions.

Nickel (656.9):  Analysis would remain same. Nickel is still in negative trend. Nickel Future would enter into positive trend once it closes above 664.76 levels.  Traders can initiate fresh long positions if Nickel Future closes above 664.76 levels. Until then hold short positions.

Aluminium (122.2):  Aluminium is still in negative zone. EquityPandit predicted that traders can continue to hold short in Aluminium Future and exactly same happened. Aluminium Future fell down sharply. Traders can hold short positions until Aluminium closes above 125.58 levels, above which fresh long can be taken.

PS: MCX Predictions are for swing traders or Positions traders and not for intraday traders. Intraday traders should trade with proper stoplosses or Join EquityPandit’s MCX Services for good profits.

Note: All our MCX 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.

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Tuesday, January 31, 2017

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Market To Remain Choppy Today, Ahead Of Union Budget

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative for the day. EquityPandit predicted that market would remain choppy for next two trading sessions before Union Budget and exactly same happened. Market moved positive after a negative opening but saw highs right at EquityPandit’s predicted resistance levels of 8665 for Nifty. Market fell down from there due to profit booking. BankNifty saw lows right near EquityPandit’s predicted support levels of 19550. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open negative. Technically, Analysis would remain same. Indian Stock Market is still in positive zone but would see some further choppiness for today ahead of Union Budget. Market would see sideways movement in a rangebound region. Market would enter into negative zone once it closes below 8565 levels for Nifty and 19406 levels for BankNifty. Once market closes below these levels, traders can initiate short positions but until then every downfall is an opportunity for traders to go long. Nifty if closes below 8511 levels today, then it would enter into monthly positive trend that means we would see a bullish market for next few months and in that case we would soon see new highs in months to come. Overall, traders can go long at dips for now until Nifty holds 8565 spot levels on closing basis. Few Indian Corporate Giants would disclose their quarterly results today and that would affect market direction for the day.

FIIs were net buyers of Rs.607.36 crores whereas DIIs were net buyers of Rs.40.04 crores in cash market for last trading session. Nifty would see strong support at 8600-8550-8530-8496-8470 whereas strong resistance would be seen at 8665-8707-8740 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: Bajaj Auto, Bajaj Holdings, Bank Of Maharashtra, Cadila Healthcare, Capital First, Century Plyboards, Century Textiles, Dabur India, Firstsource Solutions, GHCL, HCL Infosystems, ICICI Bank Ltd, IDFC Ltd, Indian Oil Corporation, Interglobe Aviation, Jai Corp, JSW Steel, KEC International, Kansai Nerolac Paints, Kaveri Seed Company, Mahindra Holidays, Mphasis, Navneet Education, ONGC, Oil India Ltd, Shoppers Stop, Shriram Transport Finance Company, Syndicate Bank, TTK Prestige, UCO Bank, WABCO India, Welspun India and Wonderla Holidays.

NSE Nifty: (8633) The support for the Nifty is 8600-8550-8530-8496-8470 and the resistance to the up move is at 8665-8707-8740 levels.

NSE BankNifty: (19585) The support for BankNifty is at 19550-19480-19330-19270 and the resistance to the up move is at 19800-19920-20000-20270 levels.

BSE Sensex: (27850) The support for the Sensex is at 27750-27635-27540 and the resistance to the up move is at 27970-28018-28071-28218 levels.

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

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MCX Tips for – Monday, January 30, 2017

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Gold (28353): Gold is still in negative zone. Gold Future will see reversal once it closes above  28470.22. Traders can initiate fresh long position if Gold Future closes above 28470.22, until then hold short positions for now.

Silver (41432): Silver opened gap negative but recovered sharply above our levels of 41173 on closing basis. Silver is still consolidating and traders can go short once it closes below 41173. Traders can initiate fresh long position once silver future closes above 41684.

Crude (3608): Analysis would remain same. Crude is still in positive trend. It would enter into negative zone if it closes below 3561.3 levels. Traders should initiate short only if it closes below 3561.3 levels. For now traders can hold long position until Crude future closes below 3561.3 levels.

Natural Gas (228.9): NG Future has entered into positive zone. Traders can hold long positions until NG Future closes below 225.06 levels.

Copper (404.4): Analysis would remain same. Copper is still in  positive zone. Traders can hold long positions until Copper future closes below 399.58 levels. Fresh shorts should be initiated only below 399.58 closing levels.

Zinc (187.2): Analysis would remain same. Zinc is still in positive trend and would enter into negative zone once it closes below 186.18 levels. Traders can go short only if Zinc closes below 186.18 levels, until then hold long positions.

Lead (156.25): Lead has entered into negative zone. EquityPandit suggested traders to go short only if Lead closes below 157.6 levels and same happened. Now traders can hold short positions until Lead future closes above 162.04.

Nickel (645.1):  Analysis would remain same. Nickel is still in negative trend. EquityPandit suggested traders to go short in Nickel future since 688 levels. Nickel closed at 645 in last trading session generating huge profits for traders who followed EquityPandit’s advice.  Traders can hold short until Nickel closes above 664.76 levels.

Aluminium (124.1):  Aluminium has finally entered into negative zone. Traders can hold short positions until Aluminium closes above 126.31, above which fresh long can be taken.

PS: MCX Predictions are for swing traders or Positions traders and not for intraday traders. Intraday traders should trade with proper stoplosses or Join EquityPandit’s MCX Services for good profits.

Note: All our MCX 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.

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Monday, January 30, 2017

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Market To Remain Choppy For Next Two Trading Sessions Before Budget

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that market is bullish and traders should continue to go long at every dip in the market. EquityPandit predicted that BankNifty would be major driver of Nifty and exactly same happened. Indian Stock Market moved sharply positive and saw highs right at EquityPandit’s predicted resistance levels of 19800 levels for BankNifty. Traders who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open gap negative. Technically, Indian Stock Market is still in positive zone and traders can continue to hold long positions as of now. Market is still bullish but since, Union Budget is approaching, we would see some choppiness in next two days as bulls would wait for Union Budget outcome for further rally. Market would see some profit booking as of now before Budget. Nifty daily reversal is at 8564 levels and closing below these level for today would force market to enter into negative trend. If that happens then traders can initiate fresh short positions for next couple of days. Overall, once Nifty closes above 8511 levels on this month closing i.e. January 31, 2017, then it would enter into Monthly positive trend and this trend would atleast give 4-5 months of positive rally. In that case, we are sure to breach the levels of 9000 and generate new highs for Nifty in next couple of months, whatever may be outcome of Union Budget. If Budget doesn’t please investors or traders, then we may see some temporary downtrend jerk but eventually would move into positive trend again. Overall, Indian Stock Market is strong and traders should continue to hold long positions in the market and buy at dips. HDFC, Grasim Industries and Tech Mahindra Results would be disclosed today and may affect the market direction for today.

FIIs were net buyers of Rs.211.77 crores whereas DIIs were net buyers of Rs.482.52 crores in cash market for last trading session. Nifty would see strong support at 8600-8550-8530-8496-8470 whereas strong resistance would be seen at 8665-8707-8740 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: Bajaj Finance Ltd, Bajaj Finserv Ltd, Dish Tv, Emami, GE T&D, Godrej Consumer Products, Grasim Industries, HDFC, Info Edge, Mahindra Lifespace Developers, Monsanto India, Motilal Oswal Financial Services, Pfizer, Shree Cement, Shriram City Union Finance, Tech Mahindra, V-Guard Industries and Zydus Wellness.

NSE Nifty: (8641) The support for the Nifty is 8600-8550-8530-8496-8470 and the resistance to the up move is at 8665-8707-8740 levels.

NSE BankNifty: (19708) The support for BankNifty is at 19550-19480-19330-19270 and the resistance to the up move is at 19800-19920-20000-20270 levels.

BSE Sensex: (27882) The support for the Sensex is at 27750-27635-27540 and the resistance to the up move is at 27970-28018-28071-28218 levels.

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

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

Colgate Palmolive Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week (January 30, 2017 – February 03, 2017) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on negative note losing around 2.60%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 910 to 915. 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. During the week the stock manages to hit a high of 915 and close the week around the levels of 879.

The stock has closed around the support zone of 878 to 882 where the stock has taken multiple support and Fibonacci level 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 900 to 905. Resistance for the stock lies in the zone of 940 to 950 where the stock has formed a top in December-2016 and Fibonacci level is 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 850 to 860 on lower end and 910 to 920 on upper end.

Dabur Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for DABUR for the week (January 30, 2017 – February 03, 2017) :

DABUR:

 

DABUR

 

Dabur 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 270 to 272 where the stock has formed a multiple bottom on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 265 to 267 where Fibonacci level is lying. During the week the stock manages to hit a low of 274 and close the week around the levels of 277.

Support for the stock lies in the zone of 270 to 272 where the stock has formed a multiple bottom on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 265 to 267 where Fibonacci level is lying.

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 265 to 267 on lower end and 285 to 287 on upper end.

Hindustan Unilever Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week (January 30, 2017 – February 03, 2017) :

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on negative note losing around 0.50%.

As we have mentioned last week that resistance for the stock lies in the zone of 868 to 878 where 200 Daily SMA and Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 890 to 900 where the stock has formed a high in the month of October-2016 and Fibonacci level is lying. During the week the stock manages to hit a high of 876 and close the week around the levels of 856.

Support for the stock lies in the zone of 845 to 850 from where the stock broke out. If the stock manages to close below these levels then the stock can drift to the levels of 830 to 835 where Fibonacci level and short term moving averages are lying.

Resistance for the stock lies in the zone of 870 to 878 where 200 Daily SMA and Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 890 to 900 where the stock has formed a high in the month of October-2016 and Fibonacci level is lying.

Broad range for the stock in coming week is seen between 820 to 830 on downside and 880 to 890 on upside.

ITC Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for ITC for the week (January 30, 2017 – February 03, 2017) :

ITC:

 

ITC

 

ITC 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 259 to 261 where the highs of November-2016 is lying. If the stock manages to close above these levels then the stock can move to the levels of 264 to 266 where trend-line joining earlier highs is lying. During the week the stock manages to hit a high of 267 and close the week around the levels of 257.

Support for the stock lies in the zone of 250 to 252 where declining trend-line and Fibonacci level is lying. If the stock manages to close below these levels then the stock 240 to 242 where Fibonacci level and 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 259 to 261 where the highs of November-2016 is lying. If the stock manages to close above these levels then the stock can move to the levels of 265 to 267 where the stock has formed a top in the month of September-2016.

Broad range for the stock in coming week is seen between 244 to 246 on downside and 264 to 266 on upside.

Cipla Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for Cipla for the week (January 30, 2017 – February 03, 2017) :

CIPLA:

 

CIPLA

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 574 to 576. Support for the stock lies in the zone of 560 to 565 from where the stock has broken out on the intra-day basis and short term moving averages are lying. 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 573 and close the week around the levels of 580.

Minor support for the stock lies in the zone of 574 to 576. Support for the stock lies in the zone of 565 to 568 where short term moving averages are lying. Support for the stock lies in the zone of 540 to 545 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 555 – 560 on downside to 600 – 605 on upside.

Dr. Reddy Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week (January 30, 2017 – February 03, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy 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 2970 to 2980. Resistance for the stock lies in the zone of 3020 to 3040 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 3080 to 3100 from where the stock has broken down on intraday basis. During the week the stock manages to hit a high of 3012 and close the week around the levels of 2995.

Minor support for the stock lies in the zone of 2950 to 2960. Support for the stock lies in the zone of 2910 to 2930 where the stock has formed a bottom in the month of July-2016. If the stock manages to close below these levels then the stock can drift to the levels of 2800 to 2830 where the stock has formed a bottom in the month of May-2016.

Resistance for the stock lies in the zone of 3020 to 3040 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 3080 to 3100 from where the stock has broken down on intraday basis and Fibonacci level is lying.

Broad range for the stock is seen from 2920 – 2930 on downside to 3080 – 3100 on upside.

Lupin Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for Lupin for the week (January 30, 2017 – February 03, 2017) :

LUPIN:

 

LUPIN

 

Lupin closed the week on positive note gaining around 1.80%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 1480 to 1490. Resistance for the stock lies in the zone of 1525 to 1530 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 1550 to 1560 where the stock has formed a double top pattern. During the week the stock manages to hit a high of 1530 and close the week around the levels of 1492.

Minor support for the stock lies in the zone of 1465 to 1475. 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.

Resistance for the stock lies in the zone of 1525 to 1530 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 1550 to 1560 where the stock has formed a double top pattern.

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

Sun Pharma Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for Sun Pharma for the week (January 30, 2017 – February 03, 2017) :

SUN PHARMA:

 

SUNPHARMA

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 640 to 645. Support for the stock lies in the zone of 625 to 630 from where the stock broke out on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 600 to 610. During the week the stock manages to hit a low of 632 and close the week around the levels of 640.

Support for the stock lies in the zone of 625 to 630 from where the stock broke out on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 600 to 610.

Resistance for the stock lies in the zone of 655 to 660 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 670 to 675 from where the stock sold off on 15/12/2016.

Broad range for the stock in the coming week can be 615 – 620 on lower side to 655 – 660 on upper side.

Wipro Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for Wipro for the week (January 30, 2017 – February 03, 2017) :

WIPRO:

 

WIPRO

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 485 to 490 where the stock has formed a gap on gap down opening on 24/10/2016. If the stock manages to close above these levels then the stock can move to the levels of 500 where the stock has form a top in the month of October-2016. During the week the stock manages to hit a high of 484 and close the week around the levels of 466.

Support for the stock lies in the zone of 460 to 463 from where the stock has bounced in the month of January-2017. If the stock manages to close below these levels then the stock can drift to the levels of 450 to 453 from where the stock has bounced couple of times in the month of December-2016.

Minor resistance for the stock lies in the zone of 473 to 475. Resistance for the stock lies in the zone of 485 to 490 where the stock has formed a gap on gap down opening on 24/10/2016. If the stock manages to close above these levels then the stock can move to the levels of 500 where the stock has form a top in the month of October-2016.

Broad range for the stock in the coming week is seen between 445 to 450 on downside to 480 to 485 on upside.

HCL Tech Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for HCL Tech for the week (January 30, 2017 – February 03, 2017) :

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on positive note gaining around 0.60%.

As we have mentioned last week that support for the stock lies in the zone of 820 to 830 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 800 to 805 where medium term moving averages and Fibonacci level is lying. During the week the stock manages to hit a low of 827 and close the week around the levels of 844.

Support for the stock lies in the zone of 820 to 830 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 800 to 805 where medium term moving averages and Fibonacci level is lying.

Resistance for the stock lies in the zone of 860 to 865 levels where the stock has formed a top in the month of August-2016 and October-2016. If the stock manages to close above these levels then the stock can break out of 8 months of consolidation and the stock can move to the levels of around 900.

Broad range for the stock in the coming week is seen between 800 to 810 on downside to 880 to 890 on upside.

TCS Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for TCS for the week (January 30, 2017 – February 03, 2017) :

TATA CONSULTANCY SERVICES:

 

TCS

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 2350 to 2370 from where the stock broke down on intraday basis. 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. During the week the stock manages to hit a high of 2379 and close the week around the levels of 2358.

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 where the stock has formed a bottom in the month of December-2016 and Fibonacci level are lying.

Resistance for the stock lies in the zone of 2400 to 2430 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 2230 to 2250 on downside to 2420 to 2450 on upside.

Infosys Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for Infosys for the week (January 30, 2017 – February 03, 2017) :

INFOSYS:

 

INFY

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 960 to 970 where short term moving averages and Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 990 to 1000 where medium term moving averages and Fibonacci level is lying. During the week the stock manages to hit a high of 958 and close the week around the levels of 942.

Support for the stock lies in the zone of 935 to 940 from where the stock has broken out of the consolidation zone and where Fibonacci level are lying. If the stock manages to close below these levels then the stock can drift to the levels of 920 to 930.

Minor resistance for the stock lies in the zone of 944 to 946. Resistance for the stock lies in the zone of 965 to 970 from where the stock broke down from consolidation zone and Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 990 to 1000 where medium term moving averages and Fibonacci level is lying.

Broad range for the stock in the coming week is seen between 910 to 920 on downside to 970 to 980 on upside.

SBI Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for SBI for the week (January 30, 2017 – February 03, 2017) :

STATE BANK OF INDIA:

 

SBIN

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 246 to 248. Support for the stock lies in the zone of 240 to 242 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. During the week the stock manages to hit a low of 250 and close the week around the levels of 266.

Minor support for the stock lies in the zone of 262 to 264. Support for the stock lies in the zone of 256 to 258 where the stock broke out on intraday basis. If the stock manages to close below these levels then the index can drift to the levels of 250 to 251 where Fibonacci level is lying.

Resistance for the stock lies in the zone of 269 to 271 where the stock has formed a high in the month of December-2016. If the stock manages to close above these levels then the stock can move to the levels of 277 to 279 from where the stock sold off in the month of November-2016.

Broad range for the stock in the coming week can be 256 to 258 on lower side to 278 to 280 on upper side.

 

 

Axis Bank Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for Axis Bank for the week (January 30, 2017 – February 03, 2017) :

AXIS BANK:

 

AXISBANK

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 460 to 465 where the stock has opened gap down on sub-due quarterly results. Resistance for the stock lies in the zone of 480 to 485 where the stock has formed 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 500 to 505 where 200 Daily SMA is lying. During the week the stock manages to hit a high of 479 and close the week around the levels of 473.

Minor support for the stock lies in the zone of 460 to 463. 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 425 to 430 where the stock has formed a double bottom pattern.

Resistance for the stock lies in the zone of 479 to 482 where the stock has formed a gap on gap down opening on sub due quarterly results. If the stock manages to close above these levels then the stock can move to the levels of 505 to 510 where 200 Daily SMA is lying.

Broad range for the stock in the coming week can be 450 – 455 on lower side to 495 – 500 on upper side.

ICICI Bank Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for ICICI Bank for the week (January 30, 2017 – February 03, 2017) :

ICICI BANK:

 

ICICIBANK

 

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

As we have mentioned last week that support for the stock lies in the zone of 262 to 264 from where the stock broke out on intraday basis and Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 253 to 255 where 200 Daily SMA and Fibonacci level are lying. During the week the stock manages to hit a low of 255 and close the week around the levels of 272.

Minor support for the stock lies in the zone of 267 to 268. Support for the stock lies in the zone of 262 to 264 from where the stock broke out on intraday basis and Fibonacci ratio is lying. If the stock manages to close below these levels then the stock can drift to the levels of 253 to 255 where 200 Daily SMA and Fibonacci ratios are lying.

The stock has closed around the resistance zone of 270 to 272 where the stock has formed 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 278 to 280 levels.

It seems the stock is forming a Inverse H & S pattern with neckline around 271 to 272 levels. If the stock manages to close above these levels with volume then medium term target of the stock can be in the range of 298 where the stock has formed a top in the month of November-2016.

Broad range for the stock in the coming week can be 253 – 255 on lower side to 270 – 272 on upper side.

HDFC Bank Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for HDFC Bank for the week (January 30, 2017 – February 03, 2017) :

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on positive note gaining around 4.50%.

As we have mentioned last week that resistance for the stock lies in the zone of 1240 to 1250 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 1280 to 1290 where the stock has formed a top in the month of November-2016. During the week the stock manages to hit a high of 1300 and close the week around the levels of 1292.

Minor support for the stock lies in the zone of 1270 to 1275. Support for the stock lies in the zone of 1250 to 1260 from where the stock broke out on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 1230 to 1235 where Fibonacci level is lying.

Resistance for the stock lies in the zone of 1290 to 1300 where the stock has formed a top in the month of November-2016. If the stock manages to close above these levels then the stock can move to the levels of 1320 where the stock has formed a life time highs in the month of September-2016.

Broad range for the stock in the coming week can be 1270 on lower side to 1320 on upper side.

Nifty Energy Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week (January 30, 2017 – February 03, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 3.20%.

As we have mentioned last week that support for the index lies in the zone of 10250 to 10350 from where the index broke out of October-2016 and December-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10050 where short term moving averages are lying. During the week the index manages to hit a low of 10386 and close the week around the levels of 10735.

Support for the index lies in the zone of 10650 to 10700 from where the index broke out of June-2014 highs. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10550 from where the index broke out on intraday basis.

The index is trading at the life time highs so virtually no resistance is lying. Resistance for the index lies in the zone of 10900 to 11000.

Broad range for the index is seen between 10400 to 10450 on downside to 10950 to 11000 on upside.

Nifty Auto Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week (January 30, 2017 – February 03, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 4.30%.

As we have mentioned last week that resistance for the index lies in the zone of 9750 to 9830 from where the index has broken down from September-2016 and October-2016 lows. If the index manages to close above these levels then the index can move to the levels of 10000 from where the index sold off in November-2016. During the week the index manages to hit a high of 10051 and close the week around the levels of 10015.

Support for the index lies in the zone of 9750 to 9800 from where the index broke out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9550 to 9600 where Fibonacci level is lying.

Resistance for the index lies in the zone of 10000 to 10100 from where the index sold off in the month of November-2016. If the index manages to close above these levels then the index can move to the levels of 10250 to 10350 where trend-line joining highs of September-2016 and October-2016 is lying. If the index manages to close above these levels then the index can move to the levels of 10450 to 10500 where the index was top out in the month of September-2016.

Broad range for the index is seen from 9650 to 9700 on downside to 10350 to 10400 on upside.

Nifty Pharma Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for NIFTY Pharma for the week (January 30, 2017 – February 03, 2017) :

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week that resistance for the index lies in the zone of 10450 to 10550 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 Fibonacci level is lying. During the week the index manages to hit a high of 10403 and close the week around the levels of 10367.

Support for the index lies in the zone of 10250 to 10350 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 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016.

Resistance for the index lies in the zone of 10450 to 10550 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 Fibonacci level is lying.

Broad range for the index is seen from 10000 to 10050 on downside to 10600 to 10650 on upside.

Nifty FMCG Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week (January 30, 2017 – February 03, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

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

As we have mentioned last week that resistance for the index lies in the zone of 21750 to 21850 from where the index sold off and Fibonacci ratio is lying. If the index manages to close above these levels then the index can move to the levels of 22100 to 22200 from where the index sold off in the month of November-2016. During the week the index manages to hit a high of 22312 and close the week around the levels of 21798.

Minor support for the index lies in the zone of 21300 to 21400 from where the index broke out. Support for the index lies in the zone of 21000 to 21100 where 200 Daily SMA and Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 20650 to 20750 from where the index broke out of December-2016 highs.

Resistance for the index lies in the zone of 21750 to 21850 from where the index sold off and Fibonacci level is lying. If the index manages to close above these levels then the index can move to the levels of 22100 to 22300 from where the index sold off in the month of November-2016.

Broad range for the index in the coming week is seen from 21000 to 21100 on downside to 22400 to 22500 on upside.

Nifty IT Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for NIFTY IT for the week (January 30, 2017 – February 03, 2017) :

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week that support for the index lies in the zone of 10000 to 10100 where short term moving averages are lying and Fibonacci level 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. During the week the index manages to hit a low of 10029 and close the week around the levels of 10182.

Support for the index lies in the zone of 10000 to 10100 where short term moving averages are lying and Fibonacci level 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.

Minor resistance for the index lies in the zone of 10200 to 10300. 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 9800 to 9850 on downside to 10300 to 10350 on upside.

Nifty Bank Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (January 30, 2017 – February 03, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 4.70%.

As we have mentioned last week that resistance for the index lies in the zone of 18900 to 19000 from where the index was broken down after consolidation and Fibonacci ratios are lying. If the index manages to close above these levels then the index can move to the levels of 19500 to 19600. During the week the index manages to hit a high of 19795 and close the week around the levels of 19708.

Support for the index lies in the zone of 19300 to 19400 from where the index broke out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 18900 to 19000 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 19900 to 20000 where trend-line joining highs of September-2016 and November-2016 is lying. If the index manages to close above these levels then the index can move to the levels of 20600 to 20700 where the index was top out in the month of September-2016.

Range for the week is seen from 18800 to 18900 on downside to 20600 to 20700 on upside.

Nifty Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for Nifty for week (January 30, 2017 – February 03, 2017):

NIFTY:

 

NIFTY

 

Nifty ended the week on positive note gaining around 3.50%.

As we have mentioned last week that resistance for the index lies in the zone of 8460 to 8510 where Fibonacci ratio, gap on gap down opening on 11/11/2016 is lying. If the index manages to close above these levels then the index can move to the levels of 8680 to 8720 from where the index sold off in the month of October-2016. During the week the index manages to hit a high of 8673 and close the week around the levels of 8641.

Support for the index lies in the zone of 8460 to 8510 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift of 8280 to 8320 from where the index broke out of the declining trend-line and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 8100 to 8150 where Fibonacci levels and highs of December-2016 are lying.

Resistance for the index lies in the zone of 8680 to 8720 from where the index sold off in the month of October-2016. If the index manages to close above these levels then the index can move to the levels of 8880 to 8920.

On 1st February 2017 the Government is going to announce the Union Budget so very high level of volatility can be witnessed in the market.

Broad range for the week is seen from 8200 on downside to 8900 on upside.

MCX Tips for – Friday, January 27, 2017

equitypandit_square

Gold (28385): Gold entered into negative zone. EquityPandit predicted that traders can go short once Gold future breaches 28570 levels and same happened. Gold future is now in negative zone and traders can hold short positions as of now. Reversal would only be seen above 28730 levels.

Silver (41193): Silver is still consolidating and traders can go short once it closes below 41173. Traders can initiate fresh long position once silver future closes above 41734.

Crude (3629): Analysis would remain same. Crude is still in positive trend. It would enter into negative zone if it closes below 3548 levels. Traders should initiate short only if it closes below 3548 levels. For now traders can hold long position until Crude future closes below 3548 levels.

Natural Gas (227.1): Analysis would remain same. NG is still in consolidation range. NG Future closed just below our reversal levels of 227.1 levels. Natural Gas Future would enter positive trend once it closes above 227.2 levels, where long can be initiated.

Copper (406.95): Analysis would remain same. Copper is in  positive zone. Traders can hold long positions until Copper future closes below 399.58 levels. Fresh shorts should be initiated only below 399.58 closing levels.

Zinc (190): Analysis would remain same. Zinc is still in positive trend and would enter into negative zone once it closes below 186.18 levels. Traders can go short only if Zinc closes below 186.18 levels, until then hold long positions.

Lead (162.75): Analysis would remain same. Lead is still in positive trend and would enter into negative zone once it closes below 157.6 levels. Traders can go short only if Lead closes below 157.6  levels, until then hold long positions.

Nickel (659.8):  Analysis would remain same. Nickel is still in negative trend. Traders should initiate long only above 676.24 levels, until then every positive movement is a selling opportunity.

Aluminium (124.85):  Aluminium has entered into consolidation range. Aluminium closed just above our reversal level of 124.43.  Traders can initiate short positions only if Aluminium future closes below 124.43 levels.

PS: MCX Predictions are for swing traders or Positions traders and not for intraday traders. Intraday traders should trade with proper stoplosses or Join EquityPandit’s MCX Services for good profits.

Note: All our MCX 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 – Friday, January 27, 2017

equitypandit_square

Nifty Headed Towards 9000 Levels, Go Long At Every Dip For Now

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that market has entered into positive zone and traders should go long at every dip in the market. EquityPandit also predicted that once Nifty breaches 8505 levels, then would it would a sharp positive rally and exactly same happened. Indian Stock Market moved sharply positive and saw a sharp breakout. Traders, who followed EquityPandit’s advice might have earned whopping profits for the day. Finally, Indian Stock Market closed gap positive for the day. Market closed right below EquityPandit’s predicted resistance levels of 27720 for Sensex and 8605 for Nifty like a dot.

Today: Indian Stock Market would open gap positive. Technically, Indian Stock Market is still in positive zone. Now, Nifty is headed towards 9000 levels. We would see some profit booking that would be temporary in nature. 8511 is a monthly reversal levels. Since we have 2 trading sessions left for the month, hence if Nifty closes above 8511 levels in next 2 trading session then we would see levels of 9000 breaching in the month of February itself as Nifty would see monthly reversal from the downtrend. FIIs have seen a good buying in cash and future segment in last trading session. Today, a new F&O contract has been started and if FII sees a stable buying today also, then there would be no major resistance for Nifty before 9000 levels. Market has consolidated for almost 2 years and this year can be a major breakout level. If Union Budget is neutral or positive, we may see sharp positive rally that would stop after making new highs. Banking sector would be a major driver for Nifty. But there is a small caution of monthly levels for Nifty. Nifty if closed below 8511 levels in next 2 trading sessions then we would see a sharp fall after Union Budget. After a sharp positive run for last couple of days, we expect some profit booking near resistances but traders can continue to hold long positions and buy at every dip in the market for now. ITC results to be disclosed today and it would affect market direction for today.

FIIs were net buyers of Rs.1378.81 crores whereas DIIs were net buyers of Rs.383.03 crores in cash market for last trading session. Nifty would see strong support at 8550-8530-8496-8470 whereas strong resistance would be seen at 8625-8653-8665-8707 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: Bharat Electronics Ltd, Colgate-Palmolive, Eveready Industries India, India Cements, ITC, Just Dial, Sunpharma Advance Reserach and Tata Coffee Ltd.

NSE Nifty: (8603) The support for the Nifty is 8550-8530-8496-8470 and the resistance to the up move is at 8625-8653-8665-8707-8740 levels.

NSE BankNifty: (19473) The support for BankNifty is at 19330-19270-19130-19000 and the resistance to the up move is at 19550-19660-19800-19920-20000 levels.

BSE Sensex: (27708) The support for the Sensex is at 27635-27540-27380 and the resistance to the up move is at 27850-27935-28018-28071-28218 levels.

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

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MCX Tips for – Wednesday, January 25, 2017

equitypandit_square

Gold (28725): Gold is still in positive zone. Traders can hold long positions in Gold Future and buy at dips until it holds 28570 on closing basis.

Silver (41718): Silver is still consolidating and traders can go short once it closes below 41173. Traders can initiate fresh long position once silver future closes above 41807.

Crude (3644): Crude is still in positive trend. It would enter into negative zone if it closes below 3548 levels. Traders should initiate short only if it closes below 3548 levels. For now traders can hold long position until Crude future closes below 3548 levels.

Natural Gas (225.8): NG is still in consolidation range. Natural Gas Future would enter positive trend once it closes above 227.2 levels, where long can be initiated.

Copper (407.65): Copper entered into positive zone. EquityPandit predicted that traders can go long in Copper future if it breaches 400.52 levels. Copper breached those levels and closed at 407.65. Traders can continue to hold long positions in Copper Future as of now.

Zinc (192.1): Zinc is still in positive trend and would enter into negative zone once it closes below 186.18 levels. Traders can go short only if Zinc closes below 186.18 levels, until then hold long positions.

Lead (163.25): Analysis would remain same. Lead is still in positive trend and would enter into negative zone once it closes below 156.27 levels. Traders can go short only if Lead closes below 156.27  levels, until then hold long positions.

Nickel (667):  Nickel is still in negative trend. Traders should initiate long only above 685.81 levels, until then every positive movement is a selling opportunity.

Aluminium (127.25):  Analysis would remain same. Aluminium is still in positive trend but would enter into negative trend once it closes below 124.43 levels. Traders can initiate short positions only if Aluminium future closes below 124.43 levels, until then hold long positions.

PS: MCX Predictions are for swing traders or Positions traders and not for intraday traders. Intraday traders should trade with proper stoplosses or Join EquityPandit’s MCX Services for good profits.

Note: All our MCX 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.

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Wednesday, January 25, 2017

equitypandit_square

Nifty Entered Positive Zone, Go Long At Every Dips, F&O Expiry Today

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that market is still in negative zone but would see strength above 8405 levels for Nifty. EquityPandit also predicted that market would enter into positive zone once Nifty closes above 8448 levels and exactly same happened. Indian Stock Market moved sharply positive breaching EquityPandit’s reversal levels of 8448 levels. Finally, Indian Stock Market closed gap positive for the day. Sensex closed right below EquityPandit’s predicted resistance levels of 27385 levels.

Today: Indian Stock Market would open gap positive. Technically, Indian Stock Market entered in positive zone. Today is F&O Expiry and we can see some profit booking near resistance levels but every dip would be an opportunity for traders to go long. Traders can go long near support levels. Once BankNifty closes above 19057 levels for on spot basis, it would also enter into positive zone. Nifty would breach resistance of 8500 today but Once Nifty closes above 8505 levels then it would see sharp breakout in days to come. Union Budget to be held on February 01, 2017 and street have high expectations from this, so market would be buy at dips until Union Budget. Results of few Indian corporate giants like Kotak Mahindra Bank, Maruti Suzuki and Wipro would be disclosed today and it would affect the direction of Indian Stock Market.

FIIs were net buyers of Rs.93.95 crores whereas DIIs were net buyers of Rs.533.49 crores in cash market for last trading session. Nifty would see strong support at 8415-8350-8312 whereas strong resistance would be seen at 8505-8567-8585-8605 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: Arvind, Ashok Leyland, Coromandel, Exide Industries, IDFC Bank, IIFL Holdings, Indiabulls Real Estate, Indian Bank, IRB Infra, Kirloskar Oil, Kotak Mahindra Bank, Maruti Suzuki, Oberoi Realty, Raymond, Tata Elxsi, UPL, VRL Logistics and Wipro Ltd.

NSE Nifty: (8476) The support for the Nifty is 8415-8350-8312 and the resistance to the up move is at 8505-8567-8585-8605 levels.

NSE BankNifty: (19024) The support for BankNifty is at 18900-18835-18720-18610 and the resistance to the up move is at 119138-19241-19376-19440 levels.

BSE Sensex: (27376) The support for the Sensex is at 27250-27160-27034-26950 and the resistance to the up move is at 27460-27550-27640-27720-27800 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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MCX Tips for – Tuesday, January 24, 2017

equitypandit_square

Gold (28803): Gold has entered into positive zone. EquityPandit suggested traders to go long if Gold Future breaches 28790 levels. Now, traders can hold long positions in Gold Future and buy at dips until it holds 28570 on closing basis.

Silver (41692): Silver is still consolidating and traders can go short once it closes below 41173. Traders can initiate fresh long position once silver future closes above 41807.

Crude (3616): Crude is still in positive trend. It would enter into negative zone if it closes below 3541 levels. Traders should initiate short only if it closes below 3541 levels. For now traders can hold long position until Crude future closes below 3541 levels.

Natural Gas (220.2): NG is still in negative zone. Natural Gas Future would enter positive trend once it closes above 227.2 levels, where long can be initiated. Traders can continue to hold short positions until it closes above 227.2 levels.

Copper (398.25): Copper is still in negative trend and would see reversal i.e would enter into positive trend once it closes above 400.52 levels. Traders should initiate long only if it closes above 400.52 levels, until then hold short positions.

Zinc (189.65): Zinc is still in positive trend and would enter into negative zone once it closes below 185.2 levels. Traders can go short only if Zinc closes below 185.2 levels, until then hold long positions.

Lead (159.70): Analysis would remain same. Lead is still in positive trend and would enter into negative zone once it closes below 154 levels. Traders can go short only if Lead closes below 154 levels, until then hold long positions.

Nickel (664.6):  Nickel is still in negative trend. Traders should initiate long only above 690.5 levels until then every positive movement is a selling opportunity. EquityPandit recommended short at 688 levels.

Aluminium (126.1):  Aluminium is still in positive trend but would enter into negative trend once it closes below 124.43 levels. Traders can initiate short positions only if Aluminium future closes below 124.43 levels, until then hold long positions.

PS: MCX Predictions are for swing traders or Positions traders and not for intraday traders. Intraday traders should trade with proper stoplosses or Join EquityPandit’s MCX Services for good profits.

Note: All our MCX 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.

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Tuesday, January 24, 2017

equitypandit_square

Nifty Still In Negative Zone But Would See Strength Above 8405 Levels, HDFC Bank Results Today

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that market has entered into negative zone but some positive reaction would be seen after Friday’s downfall. EquityPandit also predicted that traders can go short at every positive rally in the market and exactly same happened. Indian Stock Market moved negative but saw strong support near EquityPandit’s predicted support levels of 8319 for Nifty, 18734 for BankNifty and 26950 levels for Sensex. Market saw positive reaction from there and moved sharply positive from day lows. Finally, Market was not able to sustain higher levels. Market saw strong resistance near EquityPandit’s predicted resistance levels of 8400 for Nifty. Finally, Indian Stock Market closed flat with positive bias.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market is still in negative zone. Market has recovered exactly from support levels. If market managed to hold these support levels then there is strong chances of recovery but still every positive movement would be an opportunity for traders to go short in the market until it see a reversal and closes above 8448 levels. Market would witness intraday strength if it breaches levels of 8405 levels for Nifty. Huge volatility would be seen in a rangebound region until F&O expiry. HDFC Bank would disclose its quarterly results today and it would decide further market direction for today.

FIIs were net sellers of Rs.288.80 crores whereas DIIs were net buyers of Rs.519.99 crores in cash market for last trading session. Nifty would see strong support at 8350-8319-8290-8240 whereas strong resistance would be seen at 8405-8435-8460-8500 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: Ajanta Pharma, Bharat Financial Inclusion, Bharti Airtel, Biocon, Crompton Greaves, HT Media, HCL Technologies, HDFC Bank, ICICI Prudential, Indian Overseas Bank, Inox Leisure, Kajaria Ceramics, L&T Finance, M&M Financial Services, Nilkamal, Tata Sponge, TVS Motor, Wockhardt, Zee Entertainment and Zensar Technologies.

NSE Nifty: (8397) The support for the Nifty is 8350-8319-8290-8240 and the resistance to the up move is at 8405-8435-8460-8500 levels.

NSE BankNifty: (18843) The support for BankNifty is at 18720-18610-18533-18440 and the resistance to the up move is at 19008-19110-19376-19440 levels.

BSE Sensex: (27117) The support for the Sensex is at 27060-26950-26800-26720 and the resistance to the up move is at 27195-27385-27450 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

MCX Tips for – Monday, January 23, 2017

equitypandit_square

Gold (28625): Gold is still in negative zone. EquityPandit predicted that it would enter into positive zone only if it closes above 28790 levels. Gold remained below these levels and traders can hold short positions until it breaches levels of 28790 on closing basis. Initiate long positions only if it closes above 28790 levels.

Silver (41425): Silver is still consolidating and traders can go short once it closes below 41173. Traders can initiate fresh long position once silver future closes above 41807.

Crude (3638): Crude has entered positive trend. EquityPandit predicted that Traders can go long above 3597 closing levels of crude future. Now traders can hold long position until Crude future closes below 3541 levels.

Natural Gas (221.8): NG is still in negative zone. EquityPandit predicted that traders can hold short positions in NG Future. Traders can continue to hold short positions until it closes above 234 levels.

Copper (394.75): Analysis would remain same. Copper is still in negative trend and would see reversal i.e would enter into positive trend once it closes above 400.52 levels. Traders should initiate long only if it closes above 400.52 levels, until then hold short positions.

Zinc (187.05): Analysis would remain same. Zinc is still in positive trend and would enter into negative zone once it closes below 182.7 levels. Traders can go short only if Zinc closes below 182.7 levels, until then hold long positions.

Lead (157.15): Analysis would remain same. Lead is still in positive trend and would enter into negative zone once it closes below 151.2 levels. Traders can go short only if Lead closes below 151.2 levels, until then hold long positions.

Nickel (658.7): EquityPandit predicted that traders can go short in Nickel future below 681 levels and traders who followed EquityPandit suggestion might have earned whopping profits. Nickel future has seen sharp downfall in last trading session. It is still in negative trend until it closes above 691 levels. Traders should initiate long only above 691 levels until then every positive movement is a selling opportunity.

Aluminium (126): EquityPandit predicted that Aluminium is currently still in positive zone and traders can hold long positions. Traders who followed EquityPandit’s prediction might have earned huge profits for the day. Aluminium is still in positive trend and traders can go long at dips until Aluminium holds 122.7 on closing basis. Traders should initiate fresh short only below 122.7 levels until then go long at dips.

Note: All our MCX 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, January 23, 2017

equitypandit_square

Market Entered Negative Zone, Go Short At Every Positive Rally

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with negative bias. EquityPandit predicted that market has been consolidating since many days and now we can see a breakdown or breakout. EquityPandit also advised traders to go short in Nifty closes below 8366 levels and exactly same happened. Indian Stock Market moved sharply negative. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market entered negative zone. Some positive reaction may be seen after Friday’s downfall but traders should go short at every positive movement in the market for now. Nifty may see downtrend till 8280 levels where it would cover the gap that was left few days ago. This downtrend is good for the market before Union Budget as it suggests low expectation from Budget. The more the downfall, better it is, as any positive announcement in Union Budget would result in more stable positive rally. For now, traders can go short at every positive rally and investors can accumulate stocks of blue chip stocks at every downfall.

FIIs were net sellers of Rs.26.34 crores whereas DIIs were net sellers of Rs.175.48 crores in cash market for last trading session. Nifty would see strong support at 8319-8290-8240-8200 whereas strong resistance would be seen at 8385-8400-8435-8460 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: Asian Paints, Bharti Infratel, Chennai Petroleum Corporation, Den Networks, EIH, GIC Housing Finance, GSFC, Hindustan Unilever, Idea Cellular, JM Financial, JSW Energy, Karnataka Bank, L&T, Tata Communication and Trent.

NSE Nifty: (8349) The support for the Nifty is 8319-8290-8240-8200 and the resistance to the up move is at 8385-8400-8435-8460 levels.

NSE BankNifty: (18821) The support for BankNifty is at 18734-18610-18533-18440 and the resistance to the up move is at 19008-19110-19376-19440 levels.

BSE Sensex: (27035) The support for the Sensex is at 26950-26800-26720-26620 and the resistance to the up move is at 27195-27385-27450 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 (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week (January 23, 2017 – January 27, 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 880 to 890 where the stock has taken multiple support. 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 895 and close the week around the levels of 902.

Support for the stock lies in the zone of 880 to 890 where the stock has taken multiple support. 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 910 to 915. 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 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for DABUR for the week (January 23, 2017 – January 27, 2017) :

DABUR:

 

dabur

 

Dabur closed the week on negative note losing around 2.00%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 283 and close the week around the levels of 276.

Support for the stock lies in the zone of 270 to 272 where the stock has formed a multiple bottom on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 265 to 267 where Fibonacci level is lying.

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 265 to 267 on lower end and 285 to 287 on upper end.

Hindustan Unilever Outlook for the Week (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week (January 23, 2017 – January 27, 2017) :

HINDUSTAN UNILEVER:

 

hindu

 

HIND Unilever closed the week on positive note gaining around 3.90%.

As we have mentioned last week that support for the stock lies in the zone of 810 to 820. 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 822 and close the week around the levels of 860.

Support for the stock lies in the zone of 845 to 850 from where the stock broke out. If the stock manages to close below these levels then the stock can drift to the levels of 830 to 835 where Fibonacci level and short term moving averages are lying.

Resistance for the stock lies in the zone of 868 to 878 where 200 Daily SMA and Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 890 to 900 where the stock has formed a high in the month of October-2016 and Fibonacci level is lying.

Broad range for the stock in coming week is seen between 830 to 840 on downside and 890 to 900 on upside.

ITC Outlook for the Week (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for ITC for the week (January 23, 2017 – January 27, 2017) :

ITC:

 

itc

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 256 and close the week around the levels of 255.

Support for the stock lies in the zone of 250 to 252 where declining trend-line and Fibonacci level is lying. If the stock manages to close below these levels then the stock 242 to 244 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 259 to 261 where the highs of November-2016 is lying. If the stock manages to close above these levels then the stock can move to the levels of 264 to 266 where trend-line joining earlier highs is lying.

Broad range for the stock in coming week is seen between 244 to 246 on downside and 264 to 266 on upside.

Cipla Outlook for the Week (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for Cipla for the week (January 23, 2017 – January 27, 2017) :

CIPLA:

 

cipla

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 574 to 576. Support for the stock lies in the zone of 560 to 565 from where the stock has broken out on the intra-day basis and short term moving averages are lying. 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 573 and close the week around the levels of 578.

Minor support for the stock lies in the zone of 574 to 576. Support for the stock lies in the zone of 560 to 565 from where the stock has broken out on the intra-day basis and short term moving averages are lying. 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 555 – 560 on downside to 600 – 605 on upside.

Dr. Reddy Outlook for the Week (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week (January 23, 2017 – January 27, 2017) :

DR. REDDY:

 

drr

 

Dr Reddy 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 2920 to 2940 where the stock has formed a bottom in the month of July-2016. If the stock manages to close below these levels then the stock can drift to the levels of 2800 to 2830 where the stock has formed a bottom in the month of May-2016. During the week the stock manages to hit a low of 2920 and close the week around the levels of 2947.

Support for the stock lies in the zone of 2920 to 2940 where the stock has formed a bottom in the month of July-2016. If the stock manages to close below these levels then the stock can drift to the levels of 2800 to 2830 where the stock has formed a bottom in the month of May-2016.

Minor resistance for the stock lies in the zone of 2970 to 2980. Resistance for the stock lies in the zone of 3020 to 3040 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 3080 to 3100 from where the stock has broken down on intraday basis.

Broad range for the stock is seen from 2880 – 2900 on downside to 3020 – 3040 on upside.

Lupin Outlook for the Week (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for Lupin for the week (January 23, 2017 – January 27, 2017) :

LUPIN:

 

lupin

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 1475 to 1485 where medium term moving averages are lying. 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. During the week the stock manages to hit a low of 1455 and close the week around the levels of 1465.

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 1525 to 1530 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 1550 to 1560 where the stock has formed a double top pattern.

Broad range for the stock is seen from 1420 – 1430 on downside to 1490 – 1500 on upside.

Sun Pharma Outlook for the Week (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for Sun Pharma for the week (January 23, 2017 – January 27, 2017) :

SUN PHARMA:

 

sunp

 

SUN PHARMA closed the week on negative note losing around 1.80%..

As we have mentioned last week that resistance for the stock lies in the zone of 655 to 660 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 670 to 675 from where the stock sold off on 15/12/2016. During the week the stock manages to hit a high of 655 and close the week around the levels of 642.

Minor support for the stock lies in the zone of 640 to 645. Support for the stock lies in the zone of 625 to 630 from where the stock broke out on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 600 to 610.

Resistance for the stock lies in the zone of 655 to 660 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 670 to 675 from where the stock sold off on 15/12/2016.

Broad range for the stock in the coming week can be 625 – 630 on lower side to 655 – 660 on upper side.

Wipro Outlook for the Week (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for Wipro for the week (January 23, 2017 – January 27, 2017) :

WIPRO:

 

wipro

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 485 to 490 where the stock has formed a gap on gap down opening on 24/10/2016. If the stock manages to close above these levels then the stock can move to the levels of 500 where the stock has form a top in the month of October-2016. During the week the stock manages to hit a high of 488 and close the week around the levels of 478.

Minor support for the stock lies in the zone of 478 to 480. Support for the stock lies in the zone of 470 to 472 where medium term moving averages are lying. If the stock closes below these levels then the stock can drift to the levels of 458 to 460.

Resistance for the stock lies in the zone of 485 to 490 where the stock has formed a gap on gap down opening on 24/10/2016. If the stock manages to close above these levels then the stock can move to the levels of 500 where the stock has form a top in the month of October-2016.

Broad range for the stock in the coming week is seen between 460 to 465 on downside to 490 to 495 on upside.

HCL Tech Outlook for the Week (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for HCL Tech for the week (January 23, 2017 – January 27, 2017) :

HCL TECHNOLOGIES:

 

hclt

 

HCL Tech closed the week on negative note losing around 1.40%.

As we have mentioned last week that support for the stock lies in the zone of 820 to 830 where Fibonacci ratio is lying. If the stock manages to close below these levels then the stock can drift to the levels of 800 to 805 where medium term moving averages and Fibonacci ratio is lying. During the week the stock manages to hit a low of 827 and close the week around the levels of 839.

Support for the stock lies in the zone of 820 to 830 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 800 to 805 where medium term moving averages and Fibonacci level is lying.

Minor resistance for the stock lies in the zone of 845 to 850. Resistance for the stock lies in the zone of 860 to 865 levels where the stock has formed a top in the month of August-2016 and October-2016. If the stock manages to close above these levels then the stock can break out of 8 months of consolidation and the stock can move to the levels of around 900.

Broad range for the stock in the coming week is seen between 800 to 810 on downside to 880 to 890 on upside.

TCS Outlook for the Week (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for TCS for the week (January 23, 2017 – January 27, 2017) :

TATA CONSULTANCY SERVICES:

 

tcs

 

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

As we have mentioned last week that support for the stock lies in the zone of 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 where the stock has formed a bottom in the month of December-2016 and Fibonacci ratios are lying. During the week the stock manages to hit a low of 2228 and close the week around the levels of 2285.

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 where the stock has formed a bottom in the month of December-2016 and Fibonacci ratios are lying.

Minor resistance for the stock lies in the zone of 2300 to 2320. Resistance for the stock lies in the zone of 2350 to 2370 from where the stock broke down on intraday basis. 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 2200 to 2220 on downside to 2340 to 2360 on upside.

Infosys Outlook for the Week (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for Infosys for the week (January 23, 2017 – January 27, 2017) :

INFOSYS:

 

infy

 

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

As we have mentioned last week that support for the stock lies in the zone of 950 to 960 from where the stock has broken out of the consolidation zone and where Fibonacci ratios are lying. If the stock manages to close below these levels then the stock can drift to the levels of 920 to 930. During the week the stock manages to hit a low of 946 and close the week around the levels of 949.

Support for the stock lies in the zone of 935 to 940 from where the stock has broken out of the consolidation zone and where Fibonacci ratios are lying. 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 960 to 970 where short term moving averages and Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 990 to 1000 where medium term moving averages and Fibonacci level is lying.

Broad range for the stock in the coming week is seen between 910 to 920 on downside to 970 to 980 on upside.

SBI Outlook for the Week (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for SBI for the week (January 23, 2017 – January 27, 2017) :

STATE BANK OF INDIA:

 

sbin

 

SBIN closed the week on absolutely flat note.

As we have mentioned last week that minor resistance for the stock lies in the zone of 250 to 252. Resistance for the stock lies in the zone of 254 to 256 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 262 to 264 from where the stock has broken down on weekly basis. During the week the stock manages to hit a high of 262 and close the week around the levels of 251.

Minor support for the stock lies in the zone of 246 to 248. Support for the stock lies in the zone of 240 to 242 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 250 to 252. Resistance for the stock lies in the zone of 254 to 256 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 262 to 264 from where the stock has broken down on weekly basis.

Broad range for the stock in the coming week can be 242 to 244 on lower side to 258 to 260 on upper side.

Axis Bank Outlook for the Week (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for Axis Bank for the week (January 23, 2017 – January 27, 2017) :

AXIS BANK:

 

icici

 

Axis Bank closed the week on negative note losing around 4.70%.

As we have mentioned last week that support for the stock lies in the zone of 460 to 465 from where the stock broke out. If the stock manages to close below these levels then the stock can drift to the levels of 448 to 450. During the week the stock manages to hit a low of 448 and close the week around the levels of 451.

Support for the stock lies in the zone of 448 to 450 where the stock has formed multiple support on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 425 to 430 where the stock has formed a double bottom pattern.

Resistance for the stock lies in the zone of 460 to 465 where the stock has opened gap down on sub-due quarterly results. Resistance for the stock lies in the zone of 480 to 485 where the stock has formed 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 500 to 505 where 200 Daily SMA is lying.

Broad range for the stock in the coming week can be 425 – 430 on lower side to 465 – 470 on upper side.

ICICI Bank Outlook for the Week (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for ICICI Bank for the week (January 23, 2017 – January 27, 2017) :

ICICI BANK:

 

icici

 

ICICI Bank closed the week on negative note losing around 1.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 270 to 272 where the stock has formed 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 278 to 280 levels. During the week the stock manages to hit a high of 272 and close the week around the levels of 263.

Support for the stock lies in the zone of 262 to 264 from where the stock broke out on intraday basis and Fibonacci ratio is lying. If the stock manages to close below these levels then the stock can drift to the levels of 253 to 255 where 200 Daily SMA and Fibonacci ratios are lying.

Resistance for the stock lies in the zone of 270 to 272 where the stock has formed 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 278 to 280 levels.

Broad range for the stock in the coming week can be 253 – 255 on lower side to 270 – 272 on upper side.

HDFC Bank Outlook for the Week (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for HDFC Bank for the week (January 23, 2017 – January 27, 2017) :

HDFC BANK:

 

hdfc

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 1240 to 1250 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 1280 to 1290 where the stock has formed a top in the month of November-2016. During the week the stock manages to hit a high of 1256 and close the week around the levels of 1236.

Minor support for the stock lies in the zone of 1222 to 1225. Support for the stock lies in the zone of 1200 to 1210 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 1170 to 1180 where the stock has formed a bottom in the month of December-2016.

Resistance for the stock lies in the zone of 1240 to 1250 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 1280 to 1290 where the stock has formed a top in the month of November-2016.

Broad range for the stock in the coming week can be 1210 on lower side to 1270 on upper side.

Nifty Energy Outlook for the Week (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week (January 23, 2017 – January 27, 2017) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on negative note losing around 2.30%.

As we have mentioned last week that minor support for the index lies in the zone of 10500 to 10550. Support for the index lies in the zone of 10250 to 10350 from where the index broke out of October-2016 and December-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10050 where short term moving averages are lying. During the week the index manages to hit a high of 10348 and close the week around the levels of 10407.

Support for the index lies in the zone of 10250 to 10350 from where the index broke out of October-2016 and December-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10050 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 10500 to 10550. Major resistance for the index lies in the zone of 10600 to 10700 where life time highs for the index is lying. If the index manages to close above these levels then the index will broke out of consolidation zone of more than 2 years and the index can move to the levels of 10900.

Broad range for the index is seen between 10100 to 10150 on downside to 10650 to 10700 on upside.

Nifty Auto Outlook for the Week (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week (January 23, 2017 – January 27, 2017) :

NIFTY AUTO:

 

auto

 

Nifty AUTO index closed the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 9750 to 9830 from where the index has broken down from September-2016 and October-2016 lows. If the index manages to close above these levels then the index can move to the levels of 10000 from where the index sold off in November-2016. During the week the index manages to hit a high of 9717 and close the week around the levels of 9601.

Minor support for the index lies in the zone of 9500 to 9550. Support for the index lies in the zone of 9350 to 9400 from where the index broke out on December-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 9050 to 9100 where 200 Daily SMA and Fibonacci ratio is lying.

Resistance for the index lies in the zone of 9750 to 9830 from where the index has broken down from September-2016 and October-2016 lows. If the index manages to close above these levels then the index can move to the levels of 10000 from where the index sold off in November-2016.

Broad range for the index is seen from 9400 to 9450 on downside to 9800 to 9850 on upside.

Nifty Pharma Outlook for the Week (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for NIFTY Pharma for the week (January 23, 2017 – January 27, 2017) :

NIFTY PHARMA:

 

pharma

 

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

As we have mentioned last week that resistance for the index lies in the zone of 10450 to 10550 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. During the week the index manages to hit a high of 10503 and close the week around the levels of 10308.

Support for the index lies in the zone of 10250 to 10350 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 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016.

Resistance for the index lies in the zone of 10450 to 10550 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 Fibonacci ratio is lying.

Broad range for the index is seen from 10000 to 10050 on downside to 10500 to 10550 on upside.

Nifty FMCG Outlook for the Week (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week (January 23, 2017 – January 27, 2017) :  

NIFTY FMCG:

 

fmcg

 

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

As we have mentioned last week that resistance for the index lies in the zone of 21300 to 21400 from where the index has sold off in the month of November-2016. If the index manages to close above these levels then the index can move to the levels of 21800 to 21900 where Fibonacci ratios are lying. During the week the index manages to hit a high of 21723 and close the week around the levels of 21641.

Minor support for the index lies in the zone of 21300 to 21400 from where the index broke out. Support for the index lies in the zone of 21000 to 21100 where 200 Daily SMA and Fibonacci ratio is lying. If the index manages to close below these levels then the index can drift to the levels of 20650 to 20750 from where the index broke out of December-2016 highs.

Resistance for the index lies in the zone of 21750 to 21850 from where the index sold off and Fibonacci ratio is lying. If the index manages to close above these levels then the index can move to the levels of 22100 to 22200 from where the index sold off in the month of November-2016.

Broad range for the index in the coming week is seen from 21000 to 21100 on downside to 22100 to 22200 on upside.

Nifty IT Outlook for the Week (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for NIFTY IT for the week (January 23, 2017 – January 27, 2017) :

NIFTY IT:

 

it

 

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

As we have mentioned last week that Minor resistance for the index lies in the zone of 10200 to 10300. 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. During the week the index manages to hit a high of 10275 and close the week around the levels of 10133.

Support for the index lies in the zone of 10000 to 10100 where short term moving averages are lying and Fibonacci ratios 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.

Minor resistance for the index lies in the zone of 10200 to 10300. 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 9800 to 9850 on downside to 10300 to 10350 on upside.

Nifty Bank Outlook for the Week (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (January 23, 2017 – January 27, 2017) :

NIFTY BANK:

 

bank

 

Nifty Bank ended the week on negative note losing around 0.50%.

As we have mentioned last week that resistance for the index lies in the zone of 18900 to 19000 from where the index was broken down after consolidation and Fibonacci ratios are lying. If the index manages to close above these levels then the index can move to the levels of 19500 to 19600. During the week the index manages to hit a high of 19276 and close the week around the levels of 18821.

Support for the index lies in the zone of 18500 to 18600 from where the index broke out on gap up opening on 11/01/2017. If the index manages to close below these levels then the index can drift to the levels of 18000 to 18100 where long term moving averages are lying.

Resistance for the index lies in the zone of 18900 to 19000 from where the index was broken down after consolidation and Fibonacci ratios are lying. If the index manages to close above these levels then the index can move to the levels of 19500 to 19600.

Range for the week is seen from 18300 to 18400 on downside to 19200 to 19300 on upside.

Nifty Outlook for the Week (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for Nifty for week (January 23, 2017 – January 27, 2017):

NIFTY:

 

nifty

 

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

As we have mentioned last week that Resistance for the index lies in the zone of 8460 to 8510 where Fibonacci ratio, gap on gap down opening on 11/11/2016 is lying. If the index manages to close above these levels then the index can move to the levels of 8680 to 8720 from where the index sold off in the month of October-2016. During the week the index manages to hit a high of 8460 and close the week around the levels of 8349.

Support for the index lies in the zone of 8280 to 8320 from where the index broke out of the declining trend-line and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 8100 to 8150 where Fibonacci ratios and short term moving averages are lying.

Resistance for the index lies in the zone of 8460 to 8510 where Fibonacci ratio, gap on gap down opening on 11/11/2016 is lying. If the index manages to close above these levels then the index can move to the levels of 8680 to 8720 from where the index sold off in the month of October-2016.

Broad range for the week is seen from 8100 on downside to 8500 on upside.

MCX Tips for – Friday, January 20, 2017

equitypandit_square

Gold (28528): Gold entered into negative zone. EquityPandit predicted that it would enter into negative zone if it closes below 28532.  EquityPandit also suggested traders to go short in Gold below 28532 levels. It saw lows at 28460 and closed just below our levels at 28528. Now traders can initiate short positions with strict stoploss of 28790 on closing basis.

Silver (41270): Silver is consolidating as of now and traders can go short once it closes below 41173.

Crude (3502): Crude is in negative trend. Crude will see reversal at 3597 closing levels. Traders can continue with short positions as of now with strict stoploss of 3597 on closing basis. Traders can go long above 3597 closing levels.

Natural Gas (230.5): NG is still in negative zone. NG will see reversal at 237.17 closing levels. Traders can continue with short positions until it closes below 237.17. Traders can go long above 237.17 on closing basis

Copper (392.85): Copper is currently in negative trend and would see reversal i.e would enter into positive trend once it closes above 400.52 levels. Traders should initiate long only if it closes above 400.52 levels, until then hold short positions.

Zinc (187.1): Zinc is currently in positive trend and would enter into negative zone once it closes below 182.7 levels. Traders can go short only if Zinc closes below 182.7 levels, until then hold long positions.

Lead (155.8): Lead is currently in positive trend and would enter into negative zone once it closes below 151.2 levels. Traders can go short only if Lead closes below 151.2 levels, until then hold long positions.

Nickel (673.2): Nickel has entered into negative zone yesterday. EquityPandit predicxted that traders can go short below 681.6 levels. Nickel closed below 681.6 levels and made low of 672 levels. Traders can continue with short positions in Nickel as of now.

Aluminium (124.3): Aluminium is currently in positive trend and would enter into negative zone once it closes below 122.04 levels. Traders can go short only if Aluminium closes below 122.04 levels, until then hold long positions or buy at dips.

Note: All our MCX 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 – Friday, January 20, 2017

equitypandit_square

Initiate Short Positions Only If Market Closes Below 8366 For Nifty Or 18952 For BankNifty

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that market is still in positive zone. EquityPandit also predicted that market would continue to consolidate as of now so, traders can hold long positions until Nifty closes below 8366 levels and exactly same happened. Indian Stock Market opened flat and consolidated for the whole trading session. Finally, Indian Stock Market closed flat with positive bias.

Today: Indian Stock Market would open flat to negative. Technically, Indian Stock Market is still in positive zone. Market has been consolidating since many days and we are near to a breakout or breakdown, now. Nifty may see breakout once it breaches levels of 8460 levels whereas a downfall would be seen if it breaches levels of 8400. Market would see sharp breakdown if it closes below 8366 levels for Nifty and 18952 levels for BankNifty. Once Nifty breaches this range in any side, it would see sharp movement in that direction. BankNifty has overstretched and some profit booking can’t be ruled out at this point of time. YesBank has seen excellent Q3 Results and can see sharp positive movement whereas Axis Bank has seen poor results that may result into some downtrend for this stock. Overall, Market would consolidate until this range breaks on either direction.

FIIs were net sellers of Rs.132.26 crores whereas DIIs were net buyers of Rs.379.63 crores in cash market for last trading session. Nifty would see strong support at 8400-8380-8351-8325-8300 whereas strong resistance would be seen at 8460-8500-8535-8557 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: Adani Power, Atul, Canara Bank, Indiabulls Housing Finance, Jyothy Laboratories, NIIT, Rallis India, RBL Bank, Sintex Industries, SBBJ and VST Industries.

NSE Nifty: (8435) The support for the Nifty is 8400-8380-8351-8325-8300 and the resistance to the up move is at 8460-8500-8535-8557 levels.

NSE BankNifty: (19124) The support for BankNifty is at 19060-19000-18940-18825-18734 and the resistance to the up move is at 19185-19280-19330-19435 levels.

BSE Sensex: (27309) The support for the Sensex is at 27220-27160-27060-26950 and the resistance to the up move is at 27385-27450-27600 levels.

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

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MCX Tips for – Thursday, January 19, 2017

equitypandit_square

Gold (28791): Gold is currently in positive trend. It would see reversal once it closes below 28532. Initiate short positions only if Gold Future closes below 28532 levels, until then hold long positions.

Silver (41997): Silver is currently in positive trend. It would see reversal once it closes below 41173. Initiate short positions only if Silver Future closes below 41173 levels, until then hold long positions.

Crude (3500): Crude has entered into negative trend yesterday. Crude will see reversal at 3622 closing levels. Traders can continue with short positions as of now with strict stoploss of 3622 on closing basis.

Natural Gas (225.5): NG has entered into negative trend yesterday. NG will see reversal at 238.54 closing levels. Traders can continue with short positions as of now with strict stoploss of 238.54 on closing basis.

Copper (393.95): Copper is currently in negative trend and would see reversal i.e would enter into positive trend once it closes above 401.3 levels. Traders should initiate long only if it closes above 401.3 levels, until then every positive movement is an opportunity to short in the market.

Zinc (188.35): Zinc is currently in positive trend and would enter into negative zone once it closes below 182.7 levels. Traders can go short only if Zinc closes below 182.7 levels, until then hold long positions.

Lead (156.5): Lead is currently in positive trend and would enter into negative zone once it closes below 151.2 levels. Traders can go short only if Lead closes below 151.2 levels, until then hold long positions.

Nickel (693.1): Nickel is currently in positive trend and would enter into negative zone once it closes below 681.6 levels. Traders can go short only if Nickel closes below 681.6 levels, until then hold long positions or buy at dips.

Aluminium (123.95): Aluminium is currently in positive trend and would enter into negative zone once it closes below 121.3 levels. Traders can go short only if Aluminium closes below 121.3 levels, until then hold long positions or buy at dips.

Note: All our MCX 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, January 19, 2017

equitypandit_square

Axis Bank, Yes Bank And Mindtree Results Would Drive The Market Today

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. EquityPandit predicted that Indian Stock Market is in positive zone but would see consolidation until Nifty breaches 8460 levels and exactly same happened. Indian Stock Market moved sharply positive and saw highs right at EquityPandit’s predicted resistance levels of 8460 for Nifty like a dot. Finally, Indian Stock Market saw a sharp profit booking at those levels as predicted by EquityPandit and fell down sharply to close flat for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone. Market would continue to consolidate as of now. BankNifty would remain stronger than other major indexes. Some profit booking can be seen but sharp downfall is not expected till Union Budget due to higher expectations. Today is a big day for Banking Sector as few of the banking giants like Axis Bank and Yes Bank would disclose its results. Other banks like Federal Bank and Lakshmi Vilas Bank would also disclose their results today. Market would be very volatile today and some big swings would be seen in the market today. Banking sector results would drive the market today. Traders can still hold long positions until Market holds 8366 spot levels for Nifty and 18952 spot levels for BankNifty on closing basis. Once Nifty and BankNifty closes below 8366 levels and 18952 levels respectively, then traders can initiate fresh short positions until then every dip is an opportunity for traders to go long in the market.

FIIs were net buyers of Rs.319.14 crores whereas DIIs were net buyers of Rs.245.03 crores in cash market for last trading session. Nifty would see strong support at 8380-8351-8325-8300-8240 whereas strong resistance would be seen at 8430-8460-8500 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: Axis Bank Ltd, DB Corp, Federal Bank Ltd., Lakshmi Vilas Bank Ltd, Mindtree Ltd, Ujjivan Financial Services Ltd and Yes Bank Ltd.

NSE Nifty: (8417) The support for the Nifty is 8380-8351-8325-8300-8240 and the resistance to the up move is at 8430-8460-8500 levels.

NSE BankNifty: (19165) The support for BankNifty is at 19060-19000-18940-18825-18734 and the resistance to the up move is at 19280-19330-19435-19490 levels.

BSE Sensex: (27258) The support for the Sensex is at 27160-27060-26950-26870 and the resistance to the up move is at 27385-27450-27600 levels.

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

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Share Market Tips for – Wednesday, January 18, 2017

equitypandit_square

Market Overstretched But Reversal To Be Seen Only If Nifty Closes Below 8351

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with just 3 points positive for Nifty. EquityPandit predicted that Indian Stock Market is in positive zone but market would consolidate until Nifty breaches 8460 levels. Indian Stock Market moved positive but saw profit booking at higher levels as predicted by EquityPandit. Sensex also saw highs right at EquityPandit’s predicted resistance levels of 27385 like a dot. Market fell down from there and saw lows right at EquityPandit’s predicted support levels of 8380 like a dot. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market would open flat with positive bias. Technically, Indian Stock Market is still in positive zone. Market looks to be overstretched and we can expect some profit booking at this point of time. BankNifty still looks stronger than Nifty and other indices. Market would see reversal once it closes below 8351 levels for Nifty and 18862 levels for BankNifty. Once Market closes above these levels, traders can initiate fresh short in the market. Until then traders can hold long positions with strict stoploss of 8351 for Nifty spot levels on closing basis. Consolidation would continue until Nifty breaches 8460-8500 levels on the positive side.

FIIs were net buyers of Rs.142.21 crores whereas DIIs were net sellers of Rs.607.23 crores in cash market for last trading session. Nifty would see strong support at 8380-8351-8325-8300-8240 whereas strong resistance would be seen at 8430-8457-8500 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: Hindustan Media Ventures, KPIT, Sterlite Technologies and Trident Limited.

NSE Nifty: (8398) The support for the Nifty is 8380-8351-8325-8300-8240 and the resistance to the up move is at 8430-8457-8500 levels.

NSE BankNifty: (19067) The support for BankNifty is at 19000-18940-18825-18734 and the resistance to the up move is at 19140-19330-19435-19490 levels.

BSE Sensex: (27235) The support for the Sensex is at 27160-27060-26950-26870 and the resistance to the up move is at 27385-27450-27600 levels.

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

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Share Market Tips for – Tuesday, January 17, 2017

equitypandit_square

Market To Consolidate Until Nifty Breaches 8460, Hold Long Positions For Now

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative for the day. EquityPandit predicted that Indian Stock Market is still in positive zone. EquityPandit also predicted that Nifty would see some profit booking for the day but traders can hold long positions until Nifty holds 8351 levels and exactly same happened. Indian Stock Market opened negative and saw some profit booking. Nifty saw strong support right near EquityPandit’s predicted support levels of 8380 levels and rebounded from there. Market moved higher following the Banking sector and saw highs right near EquityPandit’s predicted resistance levels of 8430 like a dot. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone. BankNifty is stronger as of now and would remain strong until it holds 19000 levels on closing basis. Traders can hold long positions as of now in BankNifty. Nifty would face strong resistance near 8460-8500 levels. Once Nifty closes above 8500 levels, it can see levels of 8600-8750 in upcoming days. Market would see reversal once it closes below 18762 levels for BankNifty and 8351 levels for Nifty. Until then traders can hold long positions. Some profit booking can be seen but as we said earlier, Market would not see big downfall due to Union Budget Expectations.

FIIs were net sellers of Rs.347.25 crores whereas DIIs were net buyers of Rs.203.45 crores in cash market for last trading session. Nifty would see strong support at 8380-8351-8325-8300-8240 whereas strong resistance would be seen at 8430-8457-8500 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: Deltacorp, Havells, Mastek and NIIT Technologies.

NSE Nifty: (8412) The support for the Nifty is 8380-8351-8325-8300-8240 and the resistance to the up move is at 8430-8457-8500 levels.

NSE BankNifty: (19096) The support for BankNifty is at 19000-18940-18825-18734 and the resistance to the up move is at 19140-19330-19435-19490 levels.

BSE Sensex: (27288) The support for the Sensex is at 27160-27060-26950-26870 and the resistance to the up move is at 27385-27450-27600 levels.

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

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Share Market Tips for – Monday, January 16, 2017

equitypandit_square

Market To Consolidate And See Some Profit Booking, RIL Results Today

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. EquityPandit predicted that Indian Stock Market would consolidate until BankNifty closes above 19000 levels. EquityPandit also predicted that Nifty would see strong resistance near 8457 for the day and same happened. Indian Stock Market moved sharply positive but saw strong resistance near EquityPandit’s predicted resistance levels of 27450 for Sensex and 8457 for Nifty like a dot. Market saw sharp profit booking from there and fell down to see lows right at EquityPandit’s predicted support levels of 8380. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market would open negative. Technically, Indian Stock Market is still in positive zone. For now, market would consolidate until BankNifty breaches levels of 19000 on closing basis. Some profit booking can’t be ruled out at this point of time as Nifty and BankNifty to face immediate resistance at 8460-8500 and 19000-19100 levels, respectively. Today, WPI Inflation would be disclosed and is expected to remain low for the month. Reliance Industries results would be disclosed today and would decide further market direction. Overall, market would consolidate in a rangebound region. Traders would not let market fall sharply due to expectations from Union Budget but temporary profit booking would be seen. Nifty would see trend reversal at 8351 spot levels. If Nifty closes below 8351 spot levels then traders can initiate fresh short positions. For now, traders can hold long positions with strict closing stoploss of 8351 for Nifty spot levels.

FIIs were net sellers of Rs.117.59 crores whereas DIIs were net sellers of Rs.473.50 crores in cash market for last trading session. Nifty would see strong support at 8380-8351-8325-8300-8240 whereas strong resistance would be seen at 8430-8457-8500 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: DHFL, Geometric Ltd, LIC Housing Finance Ltd and Reliance Industries Ltd.

NSE Nifty: (8400) The support for the Nifty is 8380-8351-8325-8300-8240 and the resistance to the up move is at 8430-8457-8500 levels.

NSE BankNifty: (18912) The support for BankNifty is at 18800-18734-18610-18533 and the resistance to the up move is at 19008-19110-19376-19440 levels.

BSE Sensex: (27238) The support for the Sensex is at 27160-27060-26950-26870 and the resistance to the up move is at 27280-27385-27450-27600 levels.

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

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Colgate Palmolive Outlook for the Week (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week (January 16, 2017 – January 20, 2017) :

COLGATE PALMOLIVE:

 

colpal

 

Colgate Palmolive closed the week on absolutely flat note.

As we have mentioned last week that support for the stock lies in the zone of 880 to 890 where the stock has taken multiple support. 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 882 and close the week around the levels of 899.

Support for the stock lies in the zone of 880 to 890 where the stock has taken multiple support. 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 910 to 915. 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 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for DABUR for the week (January 16, 2017 – January 20, 2017) :

DABUR:

 

dabur

 

Dabur closed the week on positive note gaining around 1.80%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 273 and close the week around the levels of 282.

Support for the stock lies in the zone of 276 to 278 where Fibonacci ratio is lying. If the stock manages to close below these levels then the stock can drift to the levels of 270 to 272 where the stock has formed a multiple bottom on intraday basis.

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 270 to 272 on lower end and 288 to 290 on upper end.

Hindustan Unilever Outlook for the Week (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week (January 16, 2017 – January 20, 2017) :

HINDUSTAN UNILEVER:

 

hindu

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 835 to 840 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. During the week the stock manages to hit a high of 845 and close the week around the levels of 828.

Support for the stock lies in the zone of 810 to 820. 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 835 to 840 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 highs of December-2016 and Fibonacci ratio is lying.

Broad range for the stock in coming week is seen between 805 to 810 on downside and 855 to 860 on upside.

ITC Outlook for the Week (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for ITC for the week (January 16, 2017 – January 20, 2017) :

ITC:

 

itc

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a high of 251 and close the week around the levels of 250.

Minor support for the stock lies in the zone of 242 to 244. 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.

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 240 to 242 on downside and 260 to 262 on upside.

Cipla Outlook for the Week (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for Cipla for the week (January 16, 2017 – January 20, 2017) :

CIPLA:

 

cipla

 

CIPLA closed the week on absolutely flat note.

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 589 and close the week around the levels of 583.

Minor support for the stock lies in the zone of 574 to 576. Support for the stock lies in the zone of 560 to 565 from where the stock has broken out on the intra-day basis and short term moving averages are lying. 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 565 – 570 on downside to 600 – 605 on upside.

Dr. Reddy Outlook for the Week (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week (January 16, 2017 – January 20, 2017) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on negative note losing around 5.70%.

As we have mentioned last week that support 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 below these levels then the stock can drift to the levels of 3100 to 3120 from where the stock has broken out on intraday basis. During the week the stock manages to hit a low of 2943 and close the week around the levels of 2980.

Support for the stock lies in the zone of 2920 to 2940 where the stock has formed a bottom in the month of July-2016. If the stock manages to close below these levels then the stock can drift to the levels of 2800 to 2830 where the stock has formed a bottom in the month of May-2016.

Resistance for the stock lies in the zone of 3020 to 3040 where Fibonacci ratio is lying. If the stock manages to close above these levels then the stock can move to the levels of 3080 to 3100 from where the stock has broken down on intraday basis.

Broad range for the stock is seen from 2920 – 2940 on downside to 3080 – 3100 on upside.

Lupin Outlook for the Week (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for Lupin for the week (January 16, 2017 – January 20, 2017) :

LUPIN:

 

lupin

 

Lupin 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 1525 to 1530 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 1550 to 1560 where the stock has formed a double top pattern. During the week the stock manages to hit a high of 1525 and close the week around the levels of 1496.

Minor support for the stock lies in the zone of 1475 to 1485 where medium term moving averages are lying. 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.

Resistance for the stock lies in the zone of 1525 to 1530 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 1550 to 1560 where the stock has formed a double top pattern.

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

Sun Pharma Outlook for the Week (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for Sun Pharma for the week (January 16, 2017 – January 20, 2017) :

SUN PHARMA:

 

sunp

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 655 to 660 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 670 to 675 from where the stock sold off on 15/12/2016. During the week the stock manages to hit a high of 657 and close the week around the levels of 653.

Minor support for the stock lies in the zone of 640 to 645. Support for the stock lies in the zone of 625 to 630 from where the stock broke out on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 600 to 610.

Resistance for the stock lies in the zone of 655 to 660 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 670 to 675 from where the stock sold off on 15/12/2016.

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 (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for Wipro for the week (January 16, 2017 – January 20, 2017) :

WIPRO:

 

wipro

 

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

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 485 to 490 where the stock has formed a gap on gap down opening on 24/10/2016. During the week the stock manages to hit a high of 486 and close the week around the levels of 485.

Minor support for the stock lies in the zone of 478 to 480. Support for the stock lies in the zone of 470 to 472 where short term moving averages are lying. If the stock closes below these levels then the stock can drift to the levels of 458 to 460.

Resistance for the stock lies in the zone of 485 to 490 where the stock has formed a gap on gap down opening on 24/10/2016. If the stock manages to close above these levels then the stock can move to the levels of 500 where the stock has form a top in the month of October-2016.

Broad range for the stock in the coming week is seen between 470 to 475 on downside to 500 to 505 on upside.

HCL Tech Outlook for the Week (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for HCL Tech for the week (January 16, 2017 – January 20, 2017) :

HCL TECHNOLOGIES:

 

hclt

 

HCL Tech closed the week on positive note gaining around 4.40%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 858 and close the week around the levels of 850.

Support for the stock lies in the zone of 820 to 830 where Fibonacci ratio is lying. If the stock manages to close below these levels then the stock can drift to the levels of 800 to 805 where medium term moving averages and Fibonacci ratio is lying.

Resistance for the stock lies in the zone of 860 to 865 levels where the stock has formed a top in the month of August-2016 and October-2016. If the stock manages to close above these levels then the stock can break out of 8 months of consolidation and the stock can move to the levels of around 900.

Broad range for the stock in the coming week is seen between 800 to 810 on downside to 880 to 890 on upside.

TCS Outlook for the Week (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for TCS for the week (January 16, 2017 – January 20, 2017) :

TATA CONSULTANCY SERVICES:

 

tcs

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 2350 to 2370 from where the stock broke down on intraday basis. 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. During the week the stock manages to hit a high of 2360 and close the week around the levels of 2249.

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 where the stock has formed a bottom in the month of December-2016 and Fibonacci ratios are lying.

Minor resistance for the stock lies in the zone of 2300 to 2320. Resistance for the stock lies in the zone of 2350 to 2370 from where the stock broke down on intraday basis. 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 2150 to 2180 on downside to 2330 to 2350 on upside.

Infosys Outlook for the Week (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for Infosys for the week (January 16, 2017 – January 20, 2017) :

INFOSYS:

 

infy

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 980 to 985. 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 1040 and close the week around the levels of 976.

Support for the stock lies in the zone of 950 to 960 from where the stock has broken out of the consolidation zone and where Fibonacci ratios are lying. If the stock manages to close below these levels then the stock can drift to the levels of 920 to 930.

Minor resistance for the stock lies in the zone of 980 to 985. 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 940 to 950 on downside to 1000 to 1010 on upside.

SBI Outlook for the Week (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for SBI for the week (January 16, 2017 – January 20, 2017) :

STATE BANK OF INDIA:

 

sbin

 

SBIN closed the week on positive note gaining around 2.00%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 250 to 252. Resistance for the stock lies in the zone of 254 to 256 from where the stock has broken down on intraday basis. Resistance for the stock lies in the zone of 262 to 264 from where the stock has broken down on weekly basis. During the week the stock manages to hit a high of 254 and close the week around the levels of 251.

Minor support for the stock lies in the zone of 246 to 248. Support for the stock lies in the zone of 240 to 242 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 250 to 252. Resistance for the stock lies in the zone of 254 to 256 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 262 to 264 from where the stock has broken down on weekly basis.

Broad range for the stock in the coming week can be 242 to 244 on lower side to 258 to 260 on upper side.

Axis Bank Outlook for the Week (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for Axis Bank for the week (January 16, 2017 – January 20, 2017) :

AXIS BANK:

 

axis

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 448 to 450 from where the stock broke out on intraday basis. Support for the stock lies in the zone of 438 to 440 where the stock has managed to take support on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 422 to 425 where the stock has formed a bottom in the month of December-2016. During the week the stock manages to hit a low of 424 and close the week around the levels of 473.

Support for the stock lies in the zone of 460 to 465 from where the stock broke out. If the stock manages to close below these levels then the stock can drift to the levels of 448 to 450.

Resistance for the stock lies in the zone of 480 to 485 where the stock has formed 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 500 to 505 where 200 Daily SMA is lying.

Broad range for the stock in the coming week can be 455 – 460 on lower side to 490 – 500 on upper side.

ICICI Bank Outlook for the Week (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for ICICI Bank for the week (January 16, 2017 – January 20, 2017) :

ICICI BANK:

 

icici

 

ICICI Bank closed the week on positive note gaining around 3.80%.

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

Support for the stock lies in the zone of 262 to 264 from where the stock broke out on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 253 to 255 where 200 Daily SMA and Fibonacci ratios are lying.

Resistance for the stock lies in the zone of 270 to 272 where the stock has formed 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 278 to 280 levels.

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

HDFC Bank Outlook for the Week (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for HDFC Bank for the week (January 16, 2017 – January 20, 2017) :

HDFC BANK:

 

hdfcb

 

HDFC Bank 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 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. During the week the stock manages to hit a high of 1244 and close the week around the levels of 1232.

Support for the stock lies in the zone of 1200 to 1210 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 1170 to 1180 where the stock has formed a bottom in the month of December-2016.

Resistance for the stock lies in the zone of 1240 to 1250 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 1280 to 1290 where the stock has formed a top in the month of November-2016.

Broad range for the stock in the coming week can be 1210 on lower side to 1270 on upper side.

Nifty Energy Outlook for the Week (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week (January 16, 2017 – January 20, 2017) :

NIFTY ENERGY:

 

energy

 

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

As we have mentioned last week that major resistance for the index lies in the zone of 10600 to 10700 where life time highs for the index is lying. If the index manages to close above these levels then the index will broke out of consolidation zone of more than 2 years and the index can move to the levels of 10900. During the week the index manages to hit a high of 10704 and close the week around the levels of 10656.

Minor support for the index lies in the zone of 10500 to 10550. Support for the index lies in the zone of 10250 to 10350 from where the index broke out of October-2016 and December-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10050 where short term moving averages are lying.

Major resistance for the index lies in the zone of 10600 to 10700 where life time highs for the index is lying. If the index manages to close above these levels then the index will broke out of consolidation zone of more than 2 years and the index can move to the levels of 10900.

Broad range for the index is seen between 10400 to 10450 on downside to 10850 to 10900 on upside.

Nifty Auto Outlook for the Week (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week (January 16, 2017 – January 20, 2017) :

NIFTY AUTO:

 

auto

 

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

As we have mentioned last week that resistance for the index lies in the zone of 9450 to 9550 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. During the week the index manages to hit a high of 9741 and close the week around the levels of 9601.

Minor support for the index lies in the zone of 9500 to 9550. Support for the index lies in the zone of 9350 to 9400 from where the index broke out on December-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 9050 to 9100 where 200 Daily SMA is lying.

Resistance for the index lies in the zone of 9750 to 9830 from where the index has broken down from September-2016 and October-2016 lows. If the index manages to close above these levels then the index can move to the levels of 10000 from where the index sold off in November-2016.

Broad range for the index is seen from 9400 to 9450 on downside to 9800 to 9850 on upside.

Nifty Pharma Outlook for the Week (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for NIFTY Pharma for the week (January 16, 2017 – January 20, 2017) :

NIFTY PHARMA:

 

pharma

 

Nifty PHARMA index closed 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 10450 to 10550 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. During the week the index manages to hit a high of 10526 and close the week around the levels of 10445.

Support for the index lies in the zone of 10250 to 10350 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 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016.

Resistance for the index lies in the zone of 10450 to 10550 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 10100 to 10200 on downside to 10700 to 10800 on upside.

Nifty FMCG Outlook for the Week (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week (January 16, 2017 – January 20, 2017) :  

NIFTY FMCG:

 

fmcg

 

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

As we have mentioned last week that resistance for the index lies in the zone of 20900 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. During the week the index manages to hit a high of 21297 and close the week around the levels of 21233.

Minor support for the index lies in the zone of 20900 to 21000. Support for the index lies in the zone of 20500 to 20600 where short term moving averages are lying. 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 21300 to 21400 from where the index has sold off in the month of November-2016. If the index manages to close above these levels then the index can move to the levels of 21800 to 21900 where Fibonacci ratios are lying.

Broad range for the index in the coming week is seen from 20600 to 20700 on downside to 21600 to 21700 on upside.

Nifty IT Outlook for the Week (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for NIFTY IT for the week (January 16, 2017 – January 20, 2017) :

NIFTY IT:

 

it

 

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

As we have mentioned last week that 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. During the week the index manages to hit a low of 10024 and close the week around the levels of 10263.

Support for the index lies in the zone of 10000 to 10100 where short term moving averages are lying and Fibonacci ratios 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.

Minor resistance for the index lies in the zone of 10200 to 10300. 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 10500 to 10550 on upside.

Nifty Bank Outlook for the Week (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (January 16, 2017 – January 20, 2017) :

NIFTY BANK:

 

bankn

 

Nifty Bank ended the week on positive note gaining around 3.50%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 18966 and close the week around the levels of 18912.

Support for the index lies in the zone of 18500 to 18600 from where the index broke out on gap up opening on 11/01/2017. If the index manages to close below these levels then the index can drift to the levels of 18000 to 18100 where long term moving averages are lying.

Resistance for the index lies in the zone of 18900 to 19000 from where the index was broken down after consolidation and Fibonacci ratios are lying. If the index manages to close above these levels then the index can move to the levels of 19500 to 19600.

Range for the week is seen from 18500 to 18600 on downside to 19500 to 19600 on upside.

Nifty Outlook for the Week (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for Nifty for week (January 16, 2017 – January 20, 2017):

NIFTY:

 

nifty

 

Nifty ended the week on positive note gaining around 1.90%.

As we have mentioned last week that major resistance for the index lies in the zone of 8280 to 8320 where declining trend-line joining highs of 07/09/2016, 23/09/2016 and 24/10/2016 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. During the week the index manages to hit a high of 8461 and close the week around the levels of 8400.

Support for the index lies in the zone of 8280 to 8320 from where the index broke out of the declining trend-line and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 8100 to 8150 where Fibonacci ratios and short term moving averages are lying.

Resistance for the index lies in the zone of 8460 to 8510 where Fibonacci ratio, gap on gap down opening on 11/11/2016 is lying. If the index manages to close above these levels then the index can move to the levels of 8680 to 8720 from where the index sold off in the month of October-2016.

Broad range for the week is seen from 8200 on downside to 8600 on upside.

Share Market Tips for – Friday, January 13, 2017

equitypandit_square

Market To Consolidate Until BankNifty Closes Above 19000, Infy Results Today

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that market is still in positive zone and traders should hold long positions in BankNifty. Indian Stock Market moved sharply positive for the day but saw strong resistance near 19000 levels for BankNifty and managed to close flat with positive bias for the day.

Today: Indian Stock Market would open flat with Positive bias. Technically, Indian Stock Market is still in positive zone but some profit booking is not ruled out at this point of time as BankNifty is looking overstretched. Market would see some consolidation in a rangebound region. BankNifty needs to breach levels of 19000 on closing basis for the next bull run. BankNifty has also see a doji pattern in yesterday’s trade that is a sign of reversal. So If BankNifty breaches levels of 18800 on the downside than we would see some downtrend today. Traders should initiate fresh short positions only if Nifty closes below 8335 spot levels and BankNifty closes below 18629 spot levels, until then every dip would be considered as temporary profit booking. Infosys would disclose its results today and it would be a major driver for Nifty.

FIIs were net sellers of Rs.12.77 crores whereas DIIs were net sellers of Rs.110.08 crores in cash market for last trading session. Nifty would see strong support at 8380-8325-8300-8240 whereas strong resistance would be seen at 8430-8457-8500 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: Gruh Finance, IL&FS Transportation Networks, Infosys and MCX.

NSE Nifty: (8407) The support for the Nifty is 8380-8325-8300-8240 and the resistance to the up move is at 8430-8457-8500 levels.

NSE BankNifty: (18874) The support for BankNifty is at 18800-18734-18610-18533 and the resistance to the up move is at 19008-19110-19376-19440 levels.

BSE Sensex: (27247) The support for the Sensex is at 27160-27060-26950-26870 and the resistance to the up move is at 27280-27385-27450-27600 levels.

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

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Share Market Tips for – Thursday, January 12, 2017

equitypandit_square

Hold Long Positions In BankNifty, TCS Results Today

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that market is in positive momentum and traders should hold long positions as of now. EquityPandit also predicted that BankNifty would achieve its target of 18500 and exactly same happened. Indian Stock Market moved sharply positive and saw highs right near EquityPandit’s predicted resistance levels of 8385 like a dot. Sensex also saw strong resistance right at EquityPandit’s predicted resistance levels of 27195. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market is still in positive zone. Some profit booking can be seen but overall market is in positive momentum and traders should hold long positions as of now. BankNifty is the major mover of Indian Stock Market and would breach levels of 19000 soon. BankNifty would outperform other sectors and traders should continue to hold long positions in BankNifty and Nifty with strict stoploss of 8285 spot levels for Nifty and 18437 levels for BankNifty spot levels on closing basis. TCS would disclose its quarterly results today and would decide the direction of IT sector and Nifty for today.

FIIs were net sellers of Rs.627.30 crores whereas DIIs were net buyers of Rs.1116.15 crores in cash market for last trading session. Nifty would see strong support at 8325-8300-8240-8200 whereas strong resistance would be seen at 8400-8450-8500 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: Bajaj Corp, Cyient, Hathway Cable and TCS.

NSE Nifty: (8381) The support for the Nifty is 8325-8300-8240-8200 and the resistance to the up move is at 8400-8450-8500 levels.

NSE BankNifty: (18830) The support for BankNifty is at 18734-18610-18533 and the resistance to the up move is at 19008-19110-19376-19440 levels.

BSE Sensex: (27141) The support for the Sensex is at 26950-26870-26720-26620 and the resistance to the up move is at 27240-27385-27450-27600 levels.

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

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Share Market Tips for – Wednesday, January 11, 2017

equitypandit_square

Market Still In Positive Momentum, Hold Long Positions For Now

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. EquityPandit predicted that market is still in positive zone and traders can go long at dips for now. EquityPandit also predicted that BankNifty is in positive direction so it would direct Nifty and exactly same happened. Indian Stock Market moved sharply positive and finally, closed positive for the day.

Today: Indian Stock Market would open positive. Technically, Market is still in positive zone and traders can hold long positions for now. Nifty is forming double bottom pattern and close above 8320 would confirm the pattern that would open Nifty target for 8500-8600 levels. BankNifty is also in positive momentum and may see EquityPandit’s targets of 18500 breaching soon. Once BankNifty closes above 18500, its next target would open for 18800 levels. Overall, traders should continue to hold long positions with strict stoploss of 8208 spot levels for Nifty and 18122 spot levels of BankNifty on closing basis.

FIIs were net sellers of Rs.21.20 crores whereas DIIs were net buyers of Rs.253.36 crores in cash market for last trading session. Nifty would see strong support at 8240-8200-8160 whereas strong resistance would be seen at 8332-8357-8385-8450 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: South Indian Bank.

NSE Nifty: (8289) The support for the Nifty is 8240-8200-8160 and the resistance to the up move is at 8332-8357-8385-8450 levels.

NSE BankNifty: (18410) The support for BankNifty is at 18320-18240-18188-18060 and the resistance to the up move is at 18490-18588-18690-18780 levels.

BSE Sensex: (26899) The support for the Sensex is at 26720-26620-26540 and the resistance to the up move is at 27020-27195-27385-27450 levels.

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

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

Share Market Tips for – Tuesday, January 10, 2017

equitypandit_square

IndusInd Bank Results To Direct BankNifty Today, Go Long At Dips For Now

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. EquityPandit predicted that market is still in positive zone and traders can go long at dips in the market. EquityPandit also predicted that market would see sideways movement as of now and exactly same happened. Indian Stock Market moved sharply positive but was not able to sustain higher levels and fell down from there. Nifty saw highs right near EquityPandit’s predicted resistance levels of 8267 like a dot. Finally, Market saw profit booking and closed flat for the day. Market saw lows exactly near EquityPandit’s support levels of 8220 for Nifty, 18250 for BankNifty and 26695 for Sensex.

Today: Indian Stock Market would open flat with positive bias. Technically, Market is still in positive zone and traders can go long at dips for now. Today, Market trend would depend on the Banking sector. IndusInd Bank is going to disclose its quarterly results today and it would show the exact effect of demonetization on Banking sector. Results of IndusInd Bank would direct BankNifty for today. While interviewing to Senior Banking executive, we found that the last quarter was actually not good for Banking sector in terms of profits though CASA (current account and Saving account) targets were met and huge deposits were seen but loan disbursement was not in that ratio that adds profitability to the banks. But next quarter is expected to reap the benefits. Overall, trade is to buy at dips for now. Technically, Banking sector is in positive momentum and if closed above 18268 levels, it can see levels of 18500-18600 in upcoming days. Traders should buy at dips with strict stoploss of 8187 spot levels for Nifty and 18071 spot levels for BankNifty on closing basis.

FIIs were net sellers of Rs.325.10 crores whereas DIIs were net buyers of Rs.96.82 crores in cash market for last trading session. Nifty would see strong support at 8220-8197-8150-8100 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: IndusInd Bank.

NSE Nifty: (8236) The support for the Nifty is 8220-8197-8150-8100 and the resistance to the up move is at 8267-8310-8357-8399 levels.

NSE BankNifty: (18287) The support for BankNifty is at 18220-18150-18060-18000-17940 and the resistance to the up move is at 18380-18490-18588-18690 levels.

BSE Sensex: (26727) The support for the Sensex is at 26695-26597-26500-26450-26380 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 – Monday, January 09, 2017

equitypandit_square

Market In Positive Zone, Go Long At Dips For Now

 

Last Trading Session: Indian Stock Market opened positive and saw highs right near EquityPandit’s predicted resistance levels of 8310 levels. Sensex also saw highs right at 27000 levels. Finally, market fell down to close negative for the day. Sensex saw lows right at EquityPandit’s levels of 26733 like a dot. BankNifty saw strength and closed positive for the day.

Today: Indian Stock Market would open flat with positive bias. Technically, Market is in positive zone and traders can go long at dips for now. Market would see sideways movement as of now. Upcoming week is full of events like results of IndusInd Bank, Infosys and TCS. Macro Economic data like November Factory Data and December Retail Inflation would also be disclosed this week. Traders can buy at dips with strict stoploss of 8187 levels for Nifty and 17978 levels for BankNifty on closing basis. BankNifty is discounted as of now. 18250 levels are important for BankNifty for now and if BankNifty managed to hold 18250 then we may soon see an upsurge upto 18500 levels on spot basis. BankNifty would see some weakness below 18219 levels on spot basis. Intraday traders can buy above 18280 spot levels and sell below 18219 spot levels for Intraday profits.

FIIs were net sellers of Rs.255.21 crores whereas DIIs were net buyers of Rs.165.29 crores in cash market for last trading session. Nifty would see strong support at 8220-8197-8150-8100 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

NSE Nifty: (8244) The support for the Nifty is 8220-8197-8150-8100 and the resistance to the up move is at 8200-8267-8310-8357-8399 levels.

NSE BankNifty: (18264) The support for BankNifty is at 18220-18150-18060-18000-17940 and the resistance to the up move is at 18320-18490-18588-18690 levels.

BSE Sensex: (26759) The support for the Sensex is at 26695-26597-26500-26450-26380 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.

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

Colgate Palmolive Outlook for the Week (January 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week (January 09, 2017 – January 13, 2017) :

COLGATE PALMOLIVE:

 

colpal

 

Colgate Palmolive closed the week on negative note losing around 0.60%.

As we have mentioned last week that support for the stock lies in the zone of 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 892 and close the week around the levels of 899.

Support for the stock lies in the zone of 880 to 890 where the stock has taken multiple support. 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 910 to 915. 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 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for DABUR for the week (January 09, 2017 – January 13, 2017) :

DABUR:

 

dabur

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 281 and close the week around the levels of 277.

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 265 to 268 on lower end and 285 to 288 on upper end.

Hindustan Unilever Outlook for the Week (January 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week (January 09, 2017 – January 13, 2017) :

HINDUSTAN UNILEVER:

 

hindu

 

HIND Unilever 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 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. During the week the stock manages to hit a high of 845 and close the week around the levels of 834.

Support for the stock lies in the zone of 810 to 820. 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 835 to 840 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 805 to 810 on downside and 855 to 860 on upside.

ITC Outlook for the Week (January 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for ITC for the week (January 09, 2017 – January 13, 2017) :

ITC:

 

itc

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 249 and close the week around the levels of 243.

Minor support for the stock lies in the zone of 239 to 241. 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 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for Cipla for the week (January 09, 2017 – January 13, 2017) :

CIPLA:

 

cipla

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 591 and close the week around the levels of 583.

Minor support for the stock lies in the zone of 574 to 576. Support for the stock lies in the zone of 560 to 565 from where the stock has broken out on the intra-day basis and short term moving averages are lying. 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 565 – 570 on downside to 600 – 605 on upside.

Dr. Reddy Outlook for the Week (January 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week (January 09, 2017 – January 13, 2017) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on positive note gaining around 3.20%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 3204 and close the week around the levels of 3159.

Support 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 below these levels then the stock can drift to the levels of 3100 to 3120 from where the stock has broken out on intraday basis.

Resistance for the stock lies in the zone of 3220 to 3250 where the stock has formed 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 3330 to 3350 from where the stock sold off in the month of November-2016.

Broad range for the stock is seen from 3030 – 3050 on downside to 3250 – 3280 on upside.

Lupin Outlook for the Week (January 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for Lupin for the week (January 09, 2017 – January 13, 2017) :

LUPIN:

 

lupin

 

Lupin closed the week on positive note gaining around 1.70%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 1528 and close the week around the levels of 1512.

Minor support for the stock lies in the zone of 1475 to 1485 where medium term moving averages are lying. 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.

Resistance for the stock lies in the zone of 1525 to 1530 where 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 1550 to 1560 where the stock has formed a double top pattern.

Broad range for the stock is seen from 1470 – 1480 on downside to 1550 – 1560 on upside.

Sun Pharma Outlook for the Week (January 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for Sun Pharma for the week (January 09, 2017 – January 13, 2017) :

SUN PHARMA:

 

sunp

 

SUN PHARMA closed the week on positive note gaining around 1.70%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 650 and close the week around the levels of 641.

Minor support for the stock lies in the zone of 625 to 630. 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.

Resistance for the stock lies in the zone of 655 to 660 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 670 to 675 from where the stock sold off on 15/12/2016.

Broad range for the stock in the coming week can be 620 – 625 on lower side to 655 – 660 on upper side.

Wipro Outlook for the Week (January 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for Wipro for the week (January 09, 2017 – January 13, 2017) :

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 485 to 490 where the stock has formed a gap on gap down opening on 24/10/2016. During the week the stock manages to hit a high of 486 and close the week around the levels of 470.

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 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for HCL Tech for the week (January 09, 2017 – January 13, 2017) :

HCL TECHNOLOGIES:

 

hclt

 

HCL Tech 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 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. During the week the stock manages to hit a low of 807 and close the week around the levels of 815.

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 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for TCS for the week (January 09, 2017 – January 13, 2017) :

TATA CONSULTANCY SERVICES:

 

tcs

 

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

As we have mentioned last week that 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. During the week the index manages to hit a high of 2390 and close the week around the levels of 2281.

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 2300 to 2320. Resistance for the stock lies in the zone of 2350 to 2370 from where the stock broke down on intraday basis. 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 2180 to 2200 on downside to 2380 to 2400 on upside.

Infosys Outlook for the Week (January 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for Infosys for the week (January 09, 2017 – January 13, 2017) :

INFOSYS:

 

infy

 

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

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 1013 and close the week around the levels of 972.

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.

Minor resistance for the stock lies in the zone of 980 to 985. 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 920 to 930 on downside to 1000 to 1010 on upside.

SBI Outlook for the Week (January 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for SBI for the week (January 09, 2017 – January 13, 2017) :

STATE BANK OF INDIA:

 

sbin

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 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 254 and close the week around the levels of 246.

Support for the stock lies in the zone of 240 to 242 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 250 to 252. Resistance for the stock lies in the zone of 254 to 256 from where the stock has broken down on intraday basis. Resistance for the stock lies in the zone of 262 to 264 from where the stock has broken down on weekly basis.

Broad range for the stock in the coming week can be 236 to 238 on lower side to 254 to 256 on upper side.

Axis Bank Outlook for the Week (January 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for Axis Bank for the week (January 09, 2017 – January 13, 2017) :

AXIS BANK:

 

axis

 

Axis Bank 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 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. During the week the stock manages to hit a high of 464 and close the week around the levels of 455.

Minor support for the stock lies in the zone of 448 to 450 from where the stock broke out on intraday basis. Support for the stock lies in the zone of 438 to 440 where the stock has managed to take support on intraday basis. If the stock manages to close below these levels then the stock can drift to the levels of 422 to 425 where the stock has formed a bottom in the month of December-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 430 – 435 on lower side to 470 – 475 on upper side.

ICICI Bank Outlook for the Week (January 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for ICICI Bank for the week (January 09, 2017 – January 13, 2017) :

ICICI BANK:

 

icici

 

ICICI Bank closed the week on positive note gaining around 1.10%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 261.40 and close the week around the levels of 258.

Minor support for the stock lies in the zone of 254 to 256. 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 260 to 262. 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 248 – 250 on lower side to 266 – 267 on upper side.

HDFC Bank Outlook for the Week (January 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for HDFC Bank for the week (January 09, 2017 – January 13, 2017) :

HDFC BANK:

 

hdfcb

 

HDFC Bank 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 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. During the week the index manages to hit a high of 1210 and close the week around the levels of 1194.

The stock has closed around the support zone of 1190 to 1195 where 200 Daily SMA is lying. Minor support for the stock lies in the zone of 1180 to 1183. 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 1175 on lower side to 1225 on upper side.

Nifty Energy Outlook for the Week (January 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week (January 09, 2017 – January 13, 2017) :

NIFTY ENERGY:

 

energy

 

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

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 10591 and close the week around the levels of 10469.

Minor support for the index lies in the zone of 10250 to 10350 from where the index broke out on October highs. 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.

Major resistance for the index lies in the zone of 10600 to 10700 where life time highs for the index is lying. If the index manages to close above these levels then the index will broke out of consolidation zone of more than 2 years and the index can move to the levels of 10900.

Broad range for the index is seen between 10200 to 10250 on downside to 10650 to 10700 on upside.

Nifty Auto Outlook for the Week (January 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week (January 09, 2017 – January 13, 2017) :

NIFTY AUTO:

 

auto

 

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

As we have mentioned last week that 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. During the week the index manages to hit a low of 9099 and close the week around the levels of 9507.

Minor support for the index lies in the zone of 9250 to 9300 where short term moving averages are lying. Support for the index lies in the zone of 9050 to 9100 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.

Resistance for the index lies in the zone of 9450 to 9550 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 9200 to 9250 on downside to 9800 to 9850 on upside.

Nifty Pharma Outlook for the Week (January 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for NIFTY Pharma for the week (January 09, 2017 – January 13, 2017) :

NIFTY PHARMA:

 

pharma

 

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

As we have mentioned last week that resistance for the index lies in the zone of 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. During the week the index manages to hit a high of 10560 and close the week around the levels of 10473.

Minor support for the index lies in the zone of 10250 to 10350 where the index has broken out on intraday basis. 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 10450 to 10550 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 10100 to 10200 on downside to 10700 to 10800 on upside.

Nifty FMCG Outlook for the Week (January 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week (January 09, 2017 – January 13, 2017) :  

NIFTY FMCG:

 

fmcg

 

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

As we have mentioned last week that resistance for the index lies in the zone of 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. During the week the index manages to hit a high of 21230 and close the week around the levels of 20867.

Support for the index lies in the zone of 20500 to 20600 where short term moving averages are lying. 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 20900 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 20200 to 20300 on downside to 21300 to 21500 on upside.

Nifty IT Outlook for the Week (January 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for NIFTY IT for the week (January 09, 2017 – January 13, 2017) :

NIFTY IT:

 

it

 

Nifty IT index ended the week on negative note losing around 2.80%.

As we have mentioned last week that resistance for the index lies in the zone of 10500 to 10600 from where the index has broken down from the 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. During the week the index manages to hit a high of 10590 and close the week around the levels of 10110.

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.

Minor resistance for the index lies in the zone of 10200 to 10300. 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.

Weekly report on Nifty IT published on 11/11/2016, it was mentioned that if the index manages to hold the levels of 9400 and if value buying emerges, the index can bounce to the levels of 10500 and in this week the index retraced from the levels of 10590.

Broad range for the index in the coming week is seen from 9750 to 9800 on downside to 10300 to 10400 on upside.

Nifty Bank Outlook for the Week (January 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (January 09, 2017 – January 13, 2017) :

NIFTY BANK:

 

bankn

 

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

As we have mentioned last week that minor support for the index lies in the zone of 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. During the week the index manages to hit a low of 17830 and close the week around the levels of 18264.

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 17800 to 17900 on downside to 18600 to 18700 on upside.

Nifty Outlook for the Week (January 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for Nifty for week (January 09, 2017 – January 13, 2017):

NIFTY:

 

nifty

 

Nifty ended the week on positive note gaining around 0.70%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 8307 and close the week around the levels of 8244.

Minor support for the index lies in the zone of 8200 to 8220. Support for the index lies in the zone of 8080 to 8100 from where the index broke out 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 to 7700.

Major resistance for the index lies in the zone of 8280 to 8320 where declining trend-line joining highs of 07/09/2016, 23/09/2016 and 24/10/2016 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.

The index is trading around the major resistance zone of 8280 to 8320.

Broad range for the week is seen from 8000 on downside to 8500 on upside.

Share Market Tips for – Tuesday, January 03, 2017

equitypandit_square

Initiate Short Only If BankNifty Closes Below 17906, Until Then Hold Long Positions

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that market is in positive zone and real estate companies like HDIL would see positive movement. Indian Stock Market saw sharp downfall and saw lows right at EquityPandit’s predicted support levels of 26450 for Sensex and 17840 levels for BankNifty like a dot. Finally, Indian Stock Market recovered and closed flat for the day.

Today: Indian Stock Market would open positive. Technically, analysis would remain same and Indian Stock Market is still in positive zone. Market would enter into negative zone once Nifty closes below 8084 levels for Nifty and 17906 levels for BankNifty. Traders can initiate fresh short position once market closes below these levels. Market has consolidated for long time and now there are strong possibility of a breakout or breakdown in upcoming days. Once Nifty closes below 8084 levels and BankNifty closes below 17906 levels, then market would see a sharp breakdown. So traders can hold long positions only till Nifty and BankNifty hold these levels by closing.

FIIs were net sellers of Rs.260.64 crores whereas DIIs were net buyers of Rs.20.66 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

NSE Nifty: (8180) 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: (17969) The support for BankNifty is at 17906-17840-17600 and the resistance to the up move is at 18060-18188-18249-18320-18408 levels.

BSE Sensex: (26595) 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, January 02, 2017

equitypandit_square

Market Ready To See A Big Breakout Or Breakdown In Upcoming Days

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that Indian Stock Market is in positive zone and traders should go long at every dip in the market and exactly same happened. Indian Stock Market moved sharply positive and saw highs right at EquityPandit’s predicted resistance levels of 18240 for BankNifty, 26687 for Sensex and 8200 levels for Nifty like a dot. Traders, who followed EquityPandit’s suggestion might have earned whopping profits for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market including Nifty and BankNifty are in positive zone. PM announcement is big positive for Real Estate, Cement and Steel companies. Companies like HDIL, etc would see big surge in prices. Today’s closing of BankNifty would decide further direction of the market in new year 2017. Levels of 8069 for Nifty would act as reversal levels and traders can go short only if Nifty closes below these levels. January 2017 would be very volatile once corporate earnings are disclosed, until then market is positive and traders can go long at dips and can stop and reverse the positions if Nifty closes below 8069 levels. EquityPandit expects a big breakout or breakdown in upcoming days, which would be predicted beforehand, once market stabilizes. Follow EquityPandit advice to capture the breakout or breakdown at the best levels.

FIIs were net sellers of Rs.585.64 crores whereas DIIs were net buyers of Rs.725.26 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

NSE Nifty: (8186) 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: (18177) The support for BankNifty is at 18060-18000-17940-17840 and the resistance to the up move is at 18188-18240-18320-18408 levels.

BSE Sensex: (26626) 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.

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