MCX Tips for – Tuesday, February 28, 2017

Gold (29710): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 29432 levels. Traders can initiate fresh long positions on every dip until Gold Future closes below 29432 levels.

Silver (43424):  Analysis would remain same. Silver is still in positive zone and traders can buy at dips or hold long positions until Silver closes below 43034 levels. Traders can go short once Silver Future closes below 43034 levels.

Crude (3623): Crude is trading into negative zone. Traders should initiate short positions on every rise. For now traders can hold short position until Crude future closes above 3668 levels.

Natural Gas (179.70): NG Future has entered into positive zone. Now traders can hold long positions and can initiate long positions at every negative rally until NG Future closes below 177.40 levels. Traders can go short if Natural Gas Future closes below 177.40 levels.

Copper (395.30): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 400.30.

Zinc (187.50): Zinc is trading into negative zone. Traders can hold short position or can initiate short position on every rise until Zinc is trading below 192.00 levels. Traders can go long only it Zinc closes above 192.00 levels.

Lead (150.55): Analysis would remain same. Lead is still in negative zone. Lead Future would enter into positive zone once it closes above 153.55 levels. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 153.55 levels.

Nickel (734.10):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 713.05 levels.

Aluminium (126.90):  Aluminium has entered into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 124.40 levels, above which fresh long position can be initiated.

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, February 28, 2017

equitypandit_square

Market Entered Negative Zone, Go Short At Every Positive Rally For Now

 

Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that traders can initiate short positions if Nifty closes below 8883 levels and BankNifty closes below 20650 levels. Market moved sharply negative and BankNifty managed to close below our reversal levels of 20650. Sensex saw highs right near EquityPandit’s predicted resistance levels of 28950 and fell down sharply to see lows right near EquityPandit’s predicted support levels of 28780 for Sensex. Nifty also saw highs right below EquityPandit’s predicted resistance levels of 8955 like a dot and fell down to see support right at EquityPandit’s predicted support levels of 8880. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market to open positive.Now technically, BankNifty has entered into negative zone and Nifty would enter into negative zone once it closes below 8883 levels that would happen sooner or later. We may see some short covering rally but every positive rally would be an opportunity for traders to go short in the market. BankNifty would see immediate strong support at 20500 levels breaching which on closing basis, it would sharply fell towards 20100-20000 levels. Since next 12 days are full of events hence market would hold itself from a sharp fall but overall, the direction would be negatively biased. Quarterly GDP numbers and Infrastructure Output would be disclosed today. GST council meet would be held on March 4 and 5. UP Election outcome would be on March 11, 2017 that would affect the Indian Stock Market direction.

FIIs were net sellers of Rs.145.55 crores whereas DIIs were net buyers of Rs.263.79 crores in cash market for last trading session. Nifty would see strong support at 8880-8850-8815-8800 whereas strong resistance would be seen at 8955-8980-9005-9120 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8897) The support for the Nifty is 8880-8850-8815-8800 and the resistance to the up move is at 8955-8980-9005-9120 levels.

NSE BankNifty: (20613) The support for BankNifty is at 20550-20450-20380 and the resistance to the up move is at 20742-20850-20920-21060 levels.

BSE Sensex: (28813) The support for the Sensex is at 28780-28675-28550-28400 and the resistance to the up move is at 28950-29080-29154-29325 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, February 27, 2017

Gold (29623): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 29352 levels. Traders can initiate fresh long positions on every dip until Gold Future closes below 29352 levels.

Silver (43353):  Analysis would remain same. Silver is still in positive zone and traders can buy at dips or hold long positions until Silver closes below 42816 levels. Traders can go short once Silver Future closes below 42816 levels.

Crude (3615): Crude is trading into negative zone. Traders should initiate short positions on every rise. For now traders can hold short position until Crude future closes above 3668 levels.

Natural Gas (184.40): NG Future has entered into positive zone. Now traders can hold long positions and can initiate long positions at every negative rally until NG Future closes below 177.40 levels. Traders can go short if Natural Gas Future closes below 177.40 levels.

Copper (394): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 400.60.

Zinc (188.95): Zinc is trading into negative zone. Traders can hold short position or can initiate short position on every rise until Zinc is trading below 192.50 levels. Traders can go long only it Zinc closes above 192.50 levels.

Lead (150.50): Analysis would remain same. Lead is still in negative zone. Lead Future would enter into positive zone once it closes above 153.75 levels. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 153.75 levels.

Nickel (723.70):  Nickel has entered into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 700.10 levels.

Aluminium (125.90):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 126.50 levels, above which fresh long position can be initiated.

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, February 27, 2017

equitypandit_square

Event Packed Week, Initiate Short If Nifty Closes Below 8883 Levels, Until Then Hold Long

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit suggested traders to go long at dips until Nifty holds 8862 levels. EquityPandit also suggested traders few days back that market is headed towards 52 week highs so, traders should hold long positions in the market and exactly same happened. Indian Stock Market moved sharply positive and Nifty saw new 52 weeks highs. BankNifty already made new 52 weeks highs few days back. Traders, who followed EquityPandit’s advice might have earned huge profits. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market to open gap negative.Technically, Indian Stock Market is still in positive zone. Next two weeks would be full of volatility due to many events. Quarterly GDP numbers and Infrastructure Output would be disclosed on February 28, 2017. GST council meet would be held on March 4 and 5. UP Election outcome would be on March 11, 2017 that would affect the Indian Stock Market direction. For now, traders can go long at dips until Nifty holds 8883 levels and BankNifty holds 20650 on closing basis. Once Nifty and BankNifty closes below these levels, then traders can initiate fresh short positions in the market. Overall, market is in positive momentum but overstretched.

FIIs were net buyers of Rs.392.33 crores whereas DIIs were net sellers of Rs.445.04 crores in cash market for last trading session. Nifty would see strong support at 8900-8880-8850-8815-8800 whereas strong resistance would be seen at 8955-8980-9005-9120 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8940) The support for the Nifty is 8900-8880-8850-8815-8800 and the resistance to the up move is at 8955-8980-9005-9120 levels.

NSE BankNifty: (20877) The support for BankNifty is at 20725-20650-20550-20450 and the resistance to the up move is at 20920-21060-21240 levels.

BSE Sensex: (28893) The support for the Sensex is at 28780-28675-28550-28400 and the resistance to the up move is at 28950-29080-29154-29325 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

Natural Gas Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Natural Gas for the week (February 27, 2017 – March 03, 2017) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS (184.40) closed the week with a negative note losing around 3.60%.

As we have mentioned last week that support for the commodity lies in the zone of 188 to 190 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 178 to 180 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 169 and close the week around the levels of 184.40.

Minor support for the commodity lies in the zone of 180 to 182. Support for the commodity lies in the zone of 171 to 173 where the commodity has formed a bottom in the month of November-2016 and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 162 to 164 where long term Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 188 to 190 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 197 to 199 where 200 Daily SMA is lying.

Broad range for the commodity in the coming week can be seen between 173 – 175 on downside and 192 – 194 on upside.

Crude Oil Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Crude Oil for the week (February 27, 2017 – March 03, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3615) closed the week with a positive note gaining around 1.00%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 3620 to 3630. Resistance for the commodity lies in the zone of 3740 to 3770 from where the commodity sold off in the month of January-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 3950 to 4000 where the commodity has formed a double top pattern and sold off. During the week the commodity manages to hit a high of 3694 and close the week around the levels of 3615.

Minor support for the commodity lies in the zone of 3580 to 3600. Support for the commodity lies in the zone of 3530 to 3550 where the commodity has taken multiple support on daily basis. If the commodity manages to close below these levels then the commodity can drift to the levels of 3450 to 3480 where medium term moving averages, Fibonacci level and trend-line joining earlier highs are lying.

Minor resistance for the commodity lies in the zone of 3620 to 3630. Resistance for the commodity lies in the zone of 3690 to 3710 where the commodity is facing multiple resistance. If the commodity manages to close above these levels then the commodity can move to the levels of 3750 to 3780 where the commodity has formed a high in the month of January-2017.

Broad range for the commodity in the coming week can be seen between 3500 – 3530 on downside and 3690 – 3710 on upside.

Aluminium Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Aluminium for the week (February 27, 2017 – March 03, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (125.90) closed the week with a positive note gaining around 0.20%.

As we have mentioned last week that support for the commodity lies in the zone of around 123 to 124 from where commodity broke out after consolidation and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 121 where short term moving averages and Fibonacci level is lying. During the week the commodity manages to hit a low of 123.55 and close the week around the levels of 125.90.

Minor support for the commodity lies in the zone of 125 to 125.50. Support for the commodity lies in the zone of around 123 to 124 from where commodity broke out after consolidation and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 121 where short term moving averages and Fibonacci level is lying.

Resistance for the commodity lies in the zone of 126.50 to 127 where trend-line joining highs of 128.25 and 127.45 is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 128 to 129 where the commodity has formed a high in the month of January-2017.

Broad range for the commodity in the coming week can be seen between 122 – 123 on downside and 128 – 129 on upside.

Nickel Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Nickel for the week (February 27, 2017 – March 03, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (723.70) closed the week with a negative note losing around 2.20%.

As we have mentioned last week that resistance for the commodity lies in the zone of 748 to 750 where Fibonacci level and the commodity broke down from multiple support zone. If the commodity manages to close above these levels then the commodity can move to the levels of 765 to 770 from where the commodity broke down on weekly basis. During the week the commodity manages to hit a high of 745 and close the week around the levels of 723.70.

Support for the commodity lies in the zone of around 718 to 720 where medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 700 to 705 from where the commodity broke out on intraday basis and Fibonacci levels are lying.

Minor resistance for the commodity lies in the zone of 728 to 730. Resistance for the commodity lies in the zone of 748 to 750 where Fibonacci level and the commodity broke down from multiple support zone. If the commodity manages to close above these levels then the commodity can move to the levels of 765 to 770 from where the commodity broke down on weekly basis.

Broad range for the commodity in the coming week can be seen between 690 – 695 on downside and 740 – 745 on upside.

Lead Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Lead for the week (February 27, 2017 – March 03, 2017) :

LEAD:

 

LEAD 1

 

LEAD (150.50) closed the week with a negative note losing around 0.40%.

As we have mentioned last week that support for the commodity lies in the zone of 148 to 150 where Fibonacci level and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 142 to 144 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 148.10 and close the week around the levels of 150.50.

Support for the commodity lies in the zone of 148 to 150 where Fibonacci level and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 142 to 144 where Fibonacci levels are lying.

Minor resistance for the commodity lies in the zone of 151 to 152. Resistance for the commodity lies in the zone of 154 to 155 from where the commodity broke down and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 159 to 161 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 144 – 146 on downside and 155 – 157 on upside.

Zinc Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Zinc for the week (February 27, 2017 – March 03, 2017) :

ZINC:

 

ZINC 1

 

ZINC (188.95) closed the week with a positive note gaining around 0.50%.

As we have mentioned last week that support for the commodity lies in the zone of 184 to 186 where the commodity has taken multiple support and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 179 to 181 from where the commodity broke out after consolidation and Fibonacci levels are lying. During the week the commodity manages to hit a low of 185 and close the week around the levels of 188.95.

Support for the commodity lies in the zone of 184 to 186 where the commodity has taken multiple support and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 179 to 181 from where the commodity broke out after consolidation and Fibonacci levels are lying.

Minor resistance for the commodity lies in the zone of 191 to 193. Resistance for the commodity lies in the zone of 198 to 200. Resistance for the commodity lies in the zone of 204 to 206 where 52 week highs for the commodity is lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 210.

Broad range for the commodity in the coming week can be seen between 182 – 184 on downside and 194 – 196 on upside.

Copper Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Copper for the week (February 27, 2017 – March 03, 2017) :

COPPER:

 

COPPER 1

 

COPPER (394) closed the week with a negative note losing around 1.50%.

As we have mentioned last week that resistance for the commodity lies in the zone of 406 to 407 where trend-line joining highs of 414.80 and 409.50 is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 414 to 416 where the commodity has made a high in the month of November-2016. During the week the commodity manages to hit a high of 407 and close the week around the levels of 394.

Support for the commodity lies in the zone of 390 to 392 where Fibonacci level and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 382 to 384 from where the commodity broke out after consolidation.

Minor resistance for the commodity lies in the zone of 396 to 398. Resistance for the commodity lies in the zone of 406 to 407 where trend-line joining highs of 414.80 and 409.50 is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 414 to 416 where the commodity has made a high in the month of November-2016.

Broad range for the commodity in the coming week can be seen between 382 – 384 on downside and 404 – 406 on upside.

Silver Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Silver for the week (February 27, 2017 – March 03, 2017) :

SILVER:

 

SILVER 1

 

SILVER (43353) closed the week with a positive note gaining around 1.00%.

As we have mentioned last week that minor support for the commodity lies in the zone of around 42400 to 42500. Support for the commodity lies in the zone of 42000 to 42200 from where the commodity broke out and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 41200 to 41300 where the commodity has taken multiple support and medium term moving averages are lying. During the week the commodity manages to hit a low of 42415 and close the week around the levels of 43353.

Minor support for the commodity lies in the zone of around 42800 to 43000. Support for the commodity lies in the zone of 42400 to 42500 where the commodity has taken multiple support on intraday basis. If the commodity manages to close below these levels then the commodity can drift to the levels of 42000 to 42200 where Fibonacci level is lying.

Resistance for the commodity lies in the zone of 43500 to 43700 where Fibonacci levels is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 44400 to 44600 where Fibonacci levels and commodity sold off in the month of November-2016.

Broad range for the commodity in the coming week can be seen between 42400 – 42500 on downside and 43900 – 44000 on upside.

Gold Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Gold for the week (February 27, 2017 – March 03, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29623) closed the week with a positive note gaining around 0.90%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 29400 to 29450. Resistance for the commodity Gold lies in the zone of 29650 to 29750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 29640 and close the week around the levels of 29623.

Minor support for the commodity lies in the zone of 29400 to 29450. Support for the commodity lies in the zone of 29300 to 29350 from where the commodity broke out on intraday basis. If the commodity manages to close below these levels then the commodity can drift to the levels of 29000 to 29100 where Fibonacci level is lying.

Resistance for the commodity lies in the zone of 29650 to 29750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 29100 – 29200 on downside and 29900 – 30000 on upside.

MCX Tips for – Friday, February 24, 2017

Gold (29451): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 29132 levels. Traders can initiate fresh long positions on every dip until Gold Future closes below 29132 levels.

Silver (42856):  Analysis would remain same. Silver is still in positive zone and traders can buy at dips or hold long positions until Silver closes below 42405 levels. Traders can go short once Silver Future closes below 42405 levels.

Crude (3633): Crude is trading into negative zone. Traders should initiate short positions on every rise. For now traders can hold short position until Crude future closes above 3688 levels.

Natural Gas (174.90): Analysis would remain same. NG Future is still in negative zone. Now traders can hold short positions and short at every positive rally until NG Future closes above 180.10 levels. Traders can go long if Natural Gas Future closes above 180.10 levels.

Copper (388.80): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 403.25.

Zinc (185.40): Zinc is trading into negative zone. Traders can hold short position or can initiate short position on every rise until Zinc is trading below 193.00 levels. Traders can go long only it Zinc closes above 193.00 levels.

Lead (148.60): Analysis would remain same. Lead is still in negative zone. Lead Future would enter into positive zone once it closes above 154.60 levels. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 154.60 levels.

Nickel (700.20):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 721.55 levels.

Aluminium (123.90):  Aluminium has entered into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 126.50 levels, above which fresh long position can be initiated.

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

Colgate Palmolive Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week (February 27, 2017 – March 03, 2017) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on negative note losing around 2.00%.

As we have mentioned last week that minor support for the stock lies in the zone of 890 to 895. Support of the stock lies in the 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. During the week the stock manages to hit a low of 886 and close the week around the levels of 893.

Minor support for the stock lies in the zone of 890 to 895. Support of the stock lies in the 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.

Resistance for the stock lies in the zone of 915 to 920 where 200 Daily SMA and highs of January-2017 is lying. 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 860 to 865 on lower end and 930 to 940 on upper end.

Dabur Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for DABUR for the week (February 27, 2017 – March 03, 2017) :

DABUR:

 

DABUR

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 268 to 270. Resistance for the stock lies in the zone of 272 to 274 from where the stock broke down from consolidation. Resistance for the stock lies in the zone of 278 to 280 where Fibonacci level 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 286 to 288 where Fibonacci level and 200 Daily SMA is lying. During the week the stock manages to hit a high of 275 and close the week around the levels of 270.

Support for the stock lies in the zone of 264 to 266 where Fibonacci level and where the stock has taken multiple support on daily basis is lying. If the stock manages to close below these levels then the stock can drift to the levels of 259 to 260 where the stock has formed a bottom in the month of December-2016.

Resistance for the stock lies in the zone of 272 to 274 from where the stock broke down from consolidation. Resistance for the stock lies in the zone of 278 to 280 where Fibonacci level 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 286 to 288 where Fibonacci level and 200 Daily SMA is lying.

Broad range for the stock is seen between 260 to 262 on lower end and 278 to 280 on upper end.

Hindustan Unilever Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week (February 27, 2017 – March 03, 2017) :

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever 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 850 to 855. Resistance for the stock lies in the zone of 865 to 875 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 872 and close the week around the levels of 858.

Minor support for the stock lies in the zone of 848 to 852. Support for the stock lies in the zone of 835 to 840 where short & medium term moving averages and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 810 to 820 where the stock has formed a bottom in the month of January-2017.

Resistance for the stock lies in the zone of 865 to 870 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 880 to 890 on upside.

ITC Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for ITC for the week (February 27, 2017 – March 03, 2017) :

ITC:

 

ITC

 

ITC closed the week on negative note losing around 0.90%.

As we have mentioned last week that support for the stock lies in the zone of 265 to 267 from where the stock broke out from the highs of September-2016. If the stock manages to close below these levels then the stock can drift to the levels of 255 to 260. During the week the stock manages to hit a low of 261 and close the week around the levels of 266.

Support for the stock lies in the zone of 265 to 267 from where the stock broke out from the highs of September-2016. If the stock manages to close below these levels then the stock can drift to the levels of 255 to 260.

Minor resistance for the stock lies in the zone of 270 to 272. Resistance for the stock lies in the zone of 280 to 282 where Fibonacci extension level is lying.

Broad range for the stock in coming week is seen between 258 to 260 on downside and 273 to 275 on upside.

Cipla Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Cipla for the week (February 27, 2017 – March 03, 2017) :

CIPLA:

 

CIPLA

 

CIPLA closed the week on absolutely flat note.

As we have mentioned last week that minor support for the stock lies in the zone of 580 to 585. Support for the stock lies in the zone of 570 to 575 where short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 550 to 555 where 200 Daily SMA is lying. During the week the stock manages to hit a low of 582 and close the week around the levels of 592.

Minor support for the stock lies in the zone of 580 to 585. Support for the stock lies in the zone of 570 to 575 where short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 550 to 555 where 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 600 to 610 where the highs of October-2016 and September-2016 is lying. If the stock manages to close above these levels then the stock can move to the levels of 640 to 650 from where the stock sold off in the month of December-2015.

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

Dr. Reddy Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week (February 27, 2017 – March 03, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 0.90%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 2950 to 2970. Resistance for the stock lies in the zone of 3020 to 3050 from where the stock broke down on intraday basis. If the stock manages to close above these levels then the stock can move to the levels of 3100 to 3130 where 200 Daily SMA is lying. During the week the stock manages to hit a high of 2935 and close the week around the levels of 2887.

Support for the stock lies in the zone of 2880 to 2900 from where the stock has bounced in the month of July-2016 and January-2017. If the stock manages to close below these levels then the stock can drift to the levels of 2820 to 2840 levels where the stock has taken multiple support in the month of February-2016 and May-2016.

Minor resistance for the stock lies in the zone of 2950 to 2970. Resistance for the stock lies in the zone of 3020 to 3050 from where the stock broke down on intraday basis. If the stock manages to close above these levels then the stock can move to the levels of 3100 to 3130 where 200 Daily SMA is lying.

Broad range for the stock is seen from 2790 – 2810 on downside to 2970 – 3000 on upside.

Lupin Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Lupin for the week (February 27, 2017 – March 03, 2017) :

LUPIN:

 

LUPIN

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 1480 to 1500. 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 1476 and close the week around the levels of 1450.

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

Minor resistance for the stock lies in the zone of 1480 to 1500. 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 from where the stock is facing multiple resistance.

Broad range for the stock is seen from 1410 – 1420 on downside & 1520 – 1530 on upside.

Sun Pharma Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Sun Pharma for the week (February 27, 2017 – March 03, 2017) :

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 670 to 675 from where the stock sold off on 15/12/2016. If the stock manages to close above these levels then the stock can move to the levels of 690 to 700 from where the stock sold off on 07/12/2016. During the week the stock manages to hit a high of 686 and close the week around the levels of 675.

Minor support for the stock lies in the zone of 655 to 660. Support for the stock lies in the zone of 643 to 648 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 620 to 625 where the stock has taken multiple supports.

Resistance for the stock lies in the zone of 670 to 675 from where the stock sold off on 15/12/2016. If the stock manages to close above these levels then the stock can move to the levels of 690 to 700 from where the stock sold off on 07/12/2016.

Broad range for the stock in the coming week can be 650 – 655 on lower side & 695 – 700 on upper side.

HCL Tech Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for HCL Tech for the week (February 27, 2017 – March 03, 2017) :

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech 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 840 to 845. 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. During the week the stock manages to hit a high of 865 and close the week around the levels of 843.

Support for the stock lies in the zone of 815 to 825 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 & 870 to 880 on upside.

TCS Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for TCS for the week (February 27, 2017 – March 03, 2017) :

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS 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 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. During the week the stock manages to hit a high of 2555 and close the week around the levels of 2482.

Minor support for the stock lies in the zone of 2440 to 2450. Support for the stock lies in the zone of 2400 to 2420 where Fibonacci levels and 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 2320 to 2350 where Fibonacci levels and medium term moving averages are lying.

Resistance for the stock lies in the zone of 2500 to 2520 from where the stock has broken down in the month of September-2016. If the stock manages to close above these levels then the stock can move to the levels of 2560 to 2600 from where the stock broke down in August-2016.

Broad range for the stock in the coming week is seen between 2400 to 2420 on downside & 2560 to 2580 on upside.

Infosys Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Infosys for the week (February 27, 2017 – March 03, 2017) :

INFOSYS:

 

INFY

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 980 to 990. Support for the stock lies in the zone of 970 to 980 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 945 to 955 from where the stock broke out after consolidation. During the week the stock manages to hit a low of 986 and close the week around the levels of 1009.

Minor support for the stock lies in the zone of 980 to 990. Support for the stock lies in the zone of 970 to 980 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 945 to 955 from where the stock broke out after consolidation.

Resistance for the stock lies in the zone of 1020 to 1040 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 1050 to 1060 where 200 Daily SMA is lying.

Broad range for the stock in the coming week is seen between 960 to 970 on downside & 1040 to 1050 on upside.

Wipro Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Wipro for the week (February 27, 2017 – March 03, 2017) :

WIPRO:

 

WIPRO

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 465 to 470. Support for the stock lies in the zone of 450 to 453 from where the stock has bounced couple of times in the month of December-2016. If the stock manages to close below these levels then the stock can drift to the levels of 430 to 435 where the stock has taken multiple support in the month of November-2016. During the week the stock manages to hit a low of 470 and close the week around the levels of 486.

Minor support for the stock lies in the zone of 477 to 480. Support for the stock lies in the zone of 468 to 470 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 460 to 463 from where the stock has broken out of consolidation zone.

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 495 to 500 where the stock has form a top in the month of October-2016, Fibonacci level and 200 Daily SMA is lying.

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

SBI Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for SBI for the week (February 27, 2017 – March 03, 2017) :

STATE BANK OF INDIA:

 

SBIN

 

SBIN 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 269 to 271 from where the stock broke out. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 262 where short term and medium term moving averages are lying. During the week the stock manages to hit a low of 268 and close the week around the levels of 270.

Support for the stock lies in the zone of 269 to 271 from where the stock broke out. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 262 where short term and medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 273 to 275. Resistance for the stock lies in the zone of 277 to 279 from where the stock sold off in the month of November-2016. If the stock manages to close above these levels then the stock can move to the levels of 290 to 292 where the stock has formed a top in the month of November-2016.

Broad range for the stock in the coming week can be 260 to 262 on lower side to 280 to 282 on upper side.

Axis Bank Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Axis Bank for the week (February 27, 2017 – March 03, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 8.00%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 490 to 492. Resistance for the stock lies in the zone of 510 to 515 where the stock has formed a top in the month of November-2016 and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 534 to 536 where Fibonacci level is lying. During the week the stock manages to hit a high of 530 and close the week around the levels of 528.

Minor support for the stock lies in the zone of 510 to 515. Support for the stock lies in the zone of 495 to 500 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 465 to 470 where the stock has taken multiple support and also Fibonacci levels are lying.

Resistance for the stock lies in the zone of 534 to 536 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 545 to 550 from where the stock sold off in the month of October-2016.

Broad range for the stock in the coming week can be 500 – 505 on lower side & 545 – 550 on upper side.

ICICI Bank Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for ICICI Bank for the week (February 27, 2017 – March 03, 2017) :

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on positive note gaining around 0.50%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 284 to 286. Resistance for the stock lies in the zone of 288 to 290 where trend-line joining highs of 393 and 298 is lying. If the stock manages to close above these levels then the stock can move to the levels of 298 to 300 where the stock top out in the month of November-2016. During the week the stock manages to hit a high of 289 and close the week around the levels of 284.

Minor support for the stock lies in the zone of 278 to 280. Support for the stock lies in the zone of 270 to 272 where Fibonacci level and Neck-line of Inverse H & S pattern is lying. If the stock manages to close below these levels then the stock can drift to the levels of 263 to 265 where medium term moving averages and Fibonacci level is lying.

Resistance for the stock lies in the zone of 288 to 290 where trend-line joining highs of 393 and 298 is lying. If the stock manages to close above these levels then the stock can move to the levels of 298 to 300 where the stock top out in the month of November-2016.

Broad range for the stock in the coming week can be 276 – 278 on lower side & 292 – 294 on upper side.

HDFC Bank Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for HDFC Bank for the week (February 27, 2017 – March 03, 2017) :

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on positive note gaining around 1.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 1390 to 1400 from where the stock broke down on intraday basis. If the stock manages to close above these levels then the stock can move to the levels of 1425 to 1435. During the week the stock manages to hit a high of 1422 and close the week around the levels of 1394.

Minor support for the stock lies in the zone of 1360 to 1370. Support for the stock lies in the zone of 1330 to 1350 where the stock has generated a gap on gap up opening. If the stock manages to close below these levels then the stock can drift to the levels of 1300 to 1320 from where the stock broke out from the September-2016 highs.

Resistance for the stock lies in the zone of 1390 to 1400 from where the stock broke down on intraday basis. If the stock manages to close above these levels then the stock can move to the levels of 1420 to 1425.

Broad range for the stock in the coming week can be 1350 to 1360 on lower side & 1430 to 1440 on upper side.

Nifty Media Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for NIFTY MEDIA for the week (February 27, 2017 – March 03, 2017) :

NIFTY MEDIA:

 

NIFTYMEDIA

 

Nifty Media index closed the week on positive note gaining around 0.10%.

As we have mentioned last week that minor support for the index lies in the zone of 2960 to 2980. Support for the index lies in the zone of 2920 to 2940 from where the index broke out. If the index manages to close below these levels then the index can drift to the levels of 2860 to 2880 where the index had gap up opening on 03/02/2017. During the week the index manages to hit a low of 2967 and close the week around the levels of 2995.

Minor support for the index lies in the zone of 2960 to 2980. Support for the index lies in the zone of 2920 to 2940 from where the index broke out. If the index manages to close below these levels then the index can drift to the levels of 2860 to 2880 where the index had gap up opening on 03/02/2017.

Resistance for the index lies in the zone of 3020 to 3030 where the index has made a short term top. If the index manages to close above these levels then the index can move to the levels of 3080 to 3100.

Broad range for the index is seen between 2920 to 2940 on downside to 3050 to 3070 on upside.

Nifty Realty Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for NIFTY REALTY for the week (February 27, 2017 – March 03, 2017) :

NIFTY REALTY:

 

NIFTYREALT

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 191 to 193. Resistance for the index lies in the zone of 195 to 196 where the index has broken down from double bottom pattern and also gap has been created on gap down opening on 09-11-2016. If the index manages to close above these levels then the index can move to the levels of 205 to 210 from where the index sold off in the month of November-2016. During the week the index manages to hit a high of 196.30 and close the week around the levels of 194.50.

Minor support for the index lies in the zone of 190 to 192. Support for the index lies in the zone of 183 to 185 from where the index broke out from the January-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 175 to 177 from where the index broke out and short term moving averages are lying.

Resistance for the index lies in the zone of 195 to 196 where the index has broken down from double bottom pattern and also gap has been created on gap down opening on 09-11-2016. If the index manages to close above these levels then the index can move to the levels of 205 to 210 from where the index sold off in the month of November-2016.

Broad range for the index is seen between 186 to 188 on downside & 200 to 202 on upside.

Nifty PSU Bank Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for NIFTY PSU BANK for the week (February 27, 2017 – March 03, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 3330 to 3350. Resistance for the index lies in the zone of 3430 to 3460 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 3510 to 3530 where the index has formed a double top pattern. During the week the index manages to hit a high of 3349 and close the week around the levels of 3298.

Support for the index lies in the zone of 3240 to 3260 from where the index broke out from Inverse H & S pattern. If the index manages to close below these levels then the index can drift to the levels of 3150 to 3170 where medium term moving averages and Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 3330 to 3350. Resistance for the index lies in the zone of 3430 to 3460 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 3510 to 3530 where the index has formed a double top pattern.

Broad range for the index is seen between 3180 to 3200 on downside & 3380 to 3400 on upside.

Nifty Metal Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for NIFTY METAL for the week (February 27, 2017 – March 03, 2017) :

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week that minor support for the index lies in the zone of 3000 to 3050. Support for the index lies in the zone of 2850 to 2900 from where the index broke out from double top pattern. If the index manages to close below these levels then the index can drift to the levels of 2750 to 2775 where medium term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 3034 and close the week around the levels of 3120.

Minor support for the index lies in the zone of 3050 to 3080. Support for the index lies in the zone of 2950 to 2980 where the index has formed a short term bottom. If the index manages to close below these levels then the index can drift to the levels of 2850 to 2900 from where the index broke out from double top pattern.

Resistance for the index lies in the zone of 3150 to 3170. Resistance for the index lies in the zone of 3330 to 3370 from where the index sold off in the month of August-2014. If the index manages to close above these levels then the index can move to the levels of 3500 to 3550 where the index has formed a top in the month of June-2014.

Broad range for the index is seen between 3030 to 3050 on downside & 3220 to 3250 on upside.

Nifty Energy Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week (February 27, 2017 – March 03, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

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

As we have mentioned last week that the index is trading at the life time highs so virtually no resistance is lying. Resistance for the index lies in the zone of 11100 to 11200. During the week the index manages to hit a high of 11483 and close the week around the levels of 11311.

Minor support for the index lies in the zone of 11050 to 11150. Support for the index lies in the zone of 10800 to 10900 from where the index broke out of January-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10600 where Fibonacci levels and short term moving averages are lying.

The index is trading at the life time highs so virtually no resistance is lying. Resistance for the index lies in the zone of 11500 to 11600 where Fibonacci extension is lying.

Broad range for the index is seen between 11000 to 11050 on downside & 11500 to 11550 on upside.

Nifty Auto Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week (February 27, 2017 – March 03, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 0.80%.

As we have mentioned last week that minor resistance for the index lies in the zone of 9750 to 9800. 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 10200 to 10250 where trend-line joining highs of September-2016 and October-2016 is lying. During the week the index manages to hit a high of 9808 and close the week around the levels of 9762.

Minor support for the index lies in the zone of 9700 to 9730. Support for the index lies in the zone of 9520 to 9580 where Fibonacci level is lying and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9350 where 200 Daily SMA and breakout levels are lying.

Minor resistance for the index lies in the zone of 9810 to 9850. 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 10200 to 10250 where trend-line joining highs of September-2016 and October-2016 is lying.

Broad range for the index is seen from 9500 to 9550 on downside & 9900 to 9950 on upside.

Nifty Pharma Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for NIFTY Pharma for the week (February 27, 2017 – March 03, 2017) :

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed 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 10700 to 10800 where Fibonacci level is lying. Above these levels the index can move to the levels of 11000 to 11100 where 200 Daily SMA is lying. During the week the index manages to hit a high of 10685 and close the week around the levels of 10562.

Minor support for the index lies in the zone of 10400 to 10450. 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 10700 to 10800 where Fibonacci level is lying. Above these levels the index can move to the levels of 11000 to 11100 where 200 Daily SMA is lying.

Broad range for the index is seen from 10200 to 10250 on downside and 10800 to 10900 on upside.

Nifty FMCG Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week (February 27, 2017 – March 03, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on absolutely flat note.

As we have mentioned last week that minor support for the index lies in the zone of 22300 to 22400 from where the index broke out on intraday basis. Support for the index lies in the zone of 21700 to 21800 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 21300 to 21400 where 200 Daily SMA is lying. During the week the index manages to hit a low of 22233 and close the week around the levels of 22435.

Minor support for the index lies in the zone of 22300 to 22400 from where the index broke out on intraday basis. Support for the index lies in the zone of 21700 to 21800 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 21300 to 21400 where 200 Daily SMA is lying.

Minor resistance for the index lies in the zone of 22500 to 22600. Resistance for the index lies in the zone of 22850 to 22950 from where the index broke down on intraday basis. Resistance for the index lies in the zone of 23200 to 23300 where life time highs and trend-line joining earlier highs is lying.

Broad range for the index in the coming week is seen from 21600 to 21700 on downside and 23100 to 23200 on upside.

Nifty IT Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for NIFTY IT for the week (February 27, 2017 – March 03, 2017) :

NIFTY IT:

 

NIFTYIT

 

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

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 and 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where trend-line joining earlier highs is lying. During the week the index manages to hit a high of 10802 and close the week around the levels of 10690.

Support for the index lies in the zone of 10500 to 10600 from where the index has broken out from the double top pattern and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10350 where Fibonacci levels and short term moving averages are lying.

Resistance for the index lies in the zone of 10800 to 10850 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 11000 where long term Fibonacci levels are lying.

Broad range for the index in the coming week is seen from 10300 to 10350 on downside and 10950 to 11000 on upside.

Nifty Bank Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (February 27, 2017 – March 03, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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

As we have mentioned last week that resistance for the index lies in the zone of 20600 to 20700 where the index was top out in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 20900 to 21000 where the index had made a life time highs. During the week the index manages to hit a high of 21012 and close the week around the levels of 20877.

Minor support for the index lies in the zone of 20700 to 20750. Support for the index lies in the zone of 20450 to 20500 from where the index broke out of September-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 20000 to 20100 where the index has taken multiple support.

Resistance for the index lies in the zone of 20900 to 21000 where the index had made a life time highs. If the index manages to close above these levels for couple of days then the index can move to the levels of 21500 to 21600.

Range for the week is seen from 20200 to 20300 on downside and 21300 to 21400 on upside.

Nifty Outlook for the Week (February 27, 2017 – March 03, 2017)

Equityandit’s Outlook for Nifty for week (February 27, 2017 – March 03, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 8800 to 8820. Resistance for the index lies in the zone of 8900 to 8950 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9050 to 9100 where life time highs for the index is lying. During the week the index manages to hit a high of 8982 and close the week around the levels of 8939.

Minor support for the index lies in the zone of 8840 to 8880. Support for the index lies in the zone of 8780 to 8810 where the index had opened gap up. If the index manages to close below these levels then the index can drift of 8600 to 8650 from where the index broke out of January-2017 highs.

Resistance for the index lies in the zone of 8900 to 8950 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9050 to 9100 where life time highs for the index is lying.

Broad range for the week is seen from 8700 on downside to 9100 on upside.

MCX Tips for – Thursday, February 23, 2017

Gold (29208): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 29132 levels. Traders can initiate fresh long positions on every dip until Gold Future closes below 29132 levels.

Silver (42713):  Analysis would remain same. Silver is still in positive zone and traders can buy at dips or hold long positions until Silver closes below 42405 levels. Traders can go short once Silver Future closes below 42405 levels.

Crude (3601): Crude has entered into negative zone. Traders should initiate short positions on every rise. For now traders can hold short position until Crude future closes above 3688 levels.

Natural Gas (174.90): Analysis would remain same. NG Future is still in negative zone. Now traders can hold short positions and short at every positive rally until NG Future closes above 180.10 levels. Traders can go long if Natural Gas Future closes above 180.10 levels.

Copper (403.65): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 408.15.

Zinc (191.45): Zinc is trading into negative zone. Traders can hold short position or can initiate short position on every rise until Zinc is trading below 193.60 levels. Traders can go long only it Zinc closes above 193.60 levels.

Lead (152.50): Analysis would remain same. Lead is still in negative zone. Lead Future would enter into positive zone once it closes above 156.30 levels. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 156.30 levels.

Nickel (716.50):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 736.00 levels.

Aluminium (126.05):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 125.10 levels, below which fresh short position can be initiated.

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 – Thursday, February 23, 2017

equitypandit_square

Buy At Dips Until Nifty Holds 8862 Levels On Closing Basis

 

Last Trading Session: Indian Stock Market opened positive. EquityPandit predicted that market is still in positive zone and every downfall would be an opportunity for traders to go long in the market. EquityPandit suggested traders to continue to hold long positions in the market and exactly same happened. Nifty saw strong resistance near EquityPandit’s predicted resistance levels of 8955. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed positive for the day.

Today: Today is F&O Expiry. Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone. F&O Expiry volatility is not ruled out and we may see some sharp profit booking but traders can go long at every dip in the market until Nifty holds 8862 levels on closing basis. Once Nifty closes below 8862 levels then traders can close all long positions and initiate short positions in the market but until then every downfall would be an opportunity for traders to go long in the market. If Nifty spot holds 8862 levels and BankNifty spot holds 20626 levels then traders can rollover long positions in the market.

FIIs were net sellers of Rs.259.21 crores whereas DIIs were net buyers of Rs.917.97 crores in cash market for last trading session. Nifty would see strong support at 8900-8850-8815-8800 whereas strong resistance would be seen at 8955-8970-9005-9120 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8927) The support for the Nifty is 8900-8850-8815-8800 and the resistance to the up move is at 8955-8970-9005-9120 levels.

NSE BankNifty: (20868) The support for BankNifty is at 20725-20650-20550-20450 and the resistance to the up move is at 20920-21060-21240 levels.

BSE Sensex: (28865) The support for the Sensex is at 28675-28550-28400-28312 and the resistance to the up move is at 28880-28950-29080-29154 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 – Wednesday, February 22, 2017

Gold (29301): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 29132 levels. Traders can initiate fresh long positions on every dip until Gold Future closes below 29132 levels.

Silver (42836):  Analysis would remain same. Silver is still in positive zone and traders can buy at dips or hold long positions until Silver closes below 42405 levels. Traders can go short once Silver Future closes below 42405 levels.

Crude (3668): Crude is trading into positive zone. Traders should initiate long positions on every dips. For now traders can hold long position until Crude future closes below 3601 levels.

Natural Gas (172.50): Analysis would remain same. NG Future is still in negative zone. Now traders can hold short positions and short at every positive rally until NG Future closes above 185.95 levels. Traders can go long if Natural Gas Future closes above 185.95 levels.

Copper (405.25): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 408.15.

Zinc (192): Zinc is trading into negative zone. Traders can hold short position or can initiate short position on every rise until Zinc is trading below 193.60 levels. Traders can go long only it Zinc closes above 193.60 levels.

Lead (151.45): Analysis would remain same. Lead is still in negative zone. Lead Future would enter into positive zone once it closes above 156.30 levels. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 156.30 levels.

Nickel (721.50):  Nickel has entered into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 747.70 levels.

Aluminium (125.40):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 125.10 levels, below which fresh short position can be initiated.

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, February 22, 2017

equitypandit_square

Continue Long Positions Until Nifty Holds 8815

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that Indian Stock Market including Nifty, BankNifty and Sensex has entered into positive zone and traders can go long at every dip in the market. EquityPandit also predicted that market is headed towards new 52 week highs and exactly same happened. Indian Stock Market saw highs right near EquityPandit’s predicted resistance levels of 8925 like a dot. BankNifty also saw strong resistance near EquityPandit’s predicted resistance levels of 20920. Traders, who followed EquityPandit’s advice might have earned whopping profits for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone. Some profit booking can’t be ruled out ahead of F&O Expiry but every downfall would be an opportunity for traders to go long in the market. Traders can go long at every dip in the market until Nifty holds 8815 levels on closing basis. Market is headed towards new highs in days to come.

FIIs were net sellers of Rs.1435.76 crores whereas DIIs were net buyers of Rs.1535.44 crores in cash market for last trading session. Nifty would see strong support at 8850-8815-8800-8780 whereas strong resistance would be seen at 8925-8955-8970-9120 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8908) The support for the Nifty is 8850-8815-8800-8780 and the resistance to the up move is at 8925-8955-8970-9120 levels.

NSE BankNifty: (20861) The support for BankNifty is at 20725-20650-20550-20450 and the resistance to the up move is at 20920-21060-21240 levels.

BSE Sensex: (28761) The support for the Sensex is at 28675-28550-28400-28312 and the resistance to the up move is at 28880-28950-29080 levels.

 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 – Tuesday, February 21, 2017

Gold (29303): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 29132 levels. Traders can initiate fresh long positions on every dip until Gold Future closes below 29132 levels.

Silver (42900):  Analysis would remain same. Silver is still in positive zone and traders can buy at dips or hold long positions until Silver closes below 42405 levels. Traders can go short once Silver Future closes below 42405 levels.

Crude (3623): Crude is trading into positive zone. Traders should initiate long positions on every dips. For now traders can hold long position until Crude future closes below 3567 levels.

Natural Gas (185.40): Analysis would remain same. NG Future is still in negative zone. Now traders can hold short positions and short at every positive rally until NG Future closes above 193.05 levels. Traders can go long if Natural Gas Future closes above 193.05 levels.

Copper (405.05): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 408.15.

Zinc (193.05): Zinc is trading into negative zone. Traders can hold short position or can initiate short position on every rise until Zinc is trading below 193.60 levels. Traders can go long only it Zinc closes above 193.60 levels.

Lead (154.80): Analysis would remain same. Lead is still in negative zone. Lead Future would enter into positive zone once it closes above 156.30 levels. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 156.30 levels.

Nickel (744.30):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 725.40 levels.

Aluminium (126.70):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 125.10 levels, below which fresh short position can be initiated.

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, February 21, 2017

equitypandit_square

Nifty And BankNifty In Positive Zone, Go Long At Every Dip

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that BankNifty is in Positive zone whereas Nifty is still in negative zone. EquityPandit also predicted that traders can go long if Nifty breaches 8824 levels. Market moved negative after opening and saw support right near EquityPandit’s predicted support levels of 8800 for Nifty, 20450 levels for BankNifty and 28400 levels for Sensex. Market rebounded from day lows and saw highs right at EquityPandit’s predicted resistance levels of 20714 for BankNifty and 28700 for Sensex like a dot. Traders, who followed EquityPandit’s support and resistance levels 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, BankNifty and Sensex has entered into positive zone. Some profit booking can be seen due to F&O Expiry but every dip would be an opportunity for traders to go long in the market. Now, market is headed towards new 52 week highs. Traders should go long at every dip in the market until it holds 8770 levels for Nifty and 20456 levels for BankNifty.

FIIs were net sellers of Rs.433.38 crores whereas DIIs were net buyers of Rs.827.90 crores in cash market for last trading session. Nifty would see strong support at 8825-8800-8780-8750 whereas strong resistance would be seen at 8900-8925-8955-8970 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8879) The support for the Nifty is 8825-8800-8780-8750 and the resistance to the up move is at 8900-8925-8955-8970 levels.

NSE BankNifty: (20677) The support for BankNifty is at 20550-20450-20380-20215 and the resistance to the up move is at 20714-20800-20920 levels.

BSE Sensex: (28662) The support for the Sensex is at 28550-28400-28312-28240 and the resistance to the up move is at 28700-28780-28880-28950 levels.

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

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

Natural Gas Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Natural Gas for the week (February 20, 2017 – February 24, 2017) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS (191.20) closed the week with a negative note losing around 6.30%.

As we have mentioned last week that minor support for the commodity lies in the zone of 200 to 202 where Fibonacci level is lying. Support for the commodity lies in the zone of 195 to 197 where 200 Daily SMA is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 188 to 190 where Fibonacci level is lying. During the week the commodity manages to hit a low of 190.60 and close the week around the levels of 191.20.

Support for the commodity lies in the zone of 188 to 190 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 178 to 180 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 195 to 197 where 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 201 to 203 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 182 – 184 on downside and 198 – 200 on upside.

Crude Oil Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Crude Oil for the week (February 20, 2017 – February 24, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3580) closed the week with a negative note losing around 0.80%.

As we have mentioned last week that minor support for the commodity lies in the zone of 3530 to 3550. Support for the commodity lies in the zone of 3440 to 3460 where trend-line joining highs of May-2016 and October-2016 is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3350 to 3380 where medium term moving averages are lying. During the week the commodity manages to hit a low of 3530 and close the week around the levels of 3580.

Minor support for the commodity lies in the zone of 3530 to 3550. Support for the commodity lies in the zone of 3440 to 3460 where trend-line joining highs of May-2016 and October-2016 is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3350 to 3380 where medium term moving averages are lying.

Minor resistance for the commodity lies in the zone of 3620 to 3630. Resistance for the commodity lies in the zone of 3740 to 3770 from where the commodity sold off in the month of January-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 3950 to 4000 where the commodity has formed a double top pattern and sold off.

Broad range for the commodity in the coming week can be seen between 3460 – 3480 on downside and 3660 – 3680 on upside.

Aluminium Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Aluminium for the week (February 20, 2017 – February 24, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (125.65) closed the week with a positive note gaining around 0.65%.

As we have mentioned last week that resistance for the commodity lies in the zone of 125 to 125.50 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 128 to 129 where the commodity has formed a high in the month of January-2017. During the week the commodity manages to hit a high of 127.45 and close the week around the levels of 125.65

Support for the commodity lies in the zone of around 123 to 124 from where commodity broke out after consolidation and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 121 where short term moving averages and Fibonacci level is lying.

Resistance for the commodity lies in the zone of 125 to 125.50 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 128 to 129 where the commodity has formed a high in the month of January-2017.

Broad range for the commodity in the coming week can be seen between 121 – 122 on downside and 128 – 129 on upside.

Nickel Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Nickel for the week (February 20, 2017 – February 24, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (739.70) closed the week with a positive note gaining around 4.10%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 715 to 718. Resistance for the commodity lies in the zone of 725 to 730 where Fibonacci level and highs for the month of January-2017 is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 748 to 750 where Fibonacci level is lying. During the week the commodity manages to hit a high of 740 and close the week around the levels of 740.

Support for the commodity lies in the zone of around 722 to 725 from where the commodity broke out of January-2017 highs and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 705 to 710 from where the commodity broke out on intraday basis and Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 748 to 750 where Fibonacci level and the commodity broke down from multiple support zone. If the commodity manages to close above these levels then the commodity can move to the levels of 765 to 770 from where the commodity broke down on weekly basis.

Broad range for the commodity in the coming week can be seen between 710 – 720 on downside and 760 – 765 on upside.

Lead Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Lead for the week (February 20, 2017 – February 24, 2017) :

LEAD:

 

LEAD 1

 

LEAD (151.15) closed the week with a negative note losing around 6.30%.

As we have mentioned last week that minor support for the commodity lies in the zone of around 158 to 159. Support for the commodity lies in the zone of 154 to 155 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 149 to 151 where short term moving averages and Fibonacci level is lying. During the week the commodity manages to hit a low of 150.65 and close the week around the levels of 151.15.

Support for the commodity lies in the zone of 148 to 150 where Fibonacci level and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 142 to 144 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 154 to 155 from where the commodity broke down and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 159 to 161 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 142 – 144 on downside and 157 – 159 on upside.

Zinc Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Zinc for the week (February 20, 2017 – February 24, 2017) :

ZINC:

 

ZINC 1

 

ZINC (188.05) closed the week with a negative note losing around 4.25%.

As we have mentioned last week that minor support for the commodity lies in the zone of around 192 to 194. Support for the commodity lies in the zone of 184 to 186 where the commodity has taken multiple support and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 179 to 181 from where the commodity broke out after consolidation and Fibonacci levels are lying. During the week the commodity manages to hit a low of 186.45 and close the week around the levels of 188.05.

Support for the commodity lies in the zone of 184 to 186 where the commodity has taken multiple support and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 179 to 181 from where the commodity broke out after consolidation and Fibonacci levels are lying.

Minor resistance for the commodity lies in the zone of 191 to 193. Resistance for the commodity lies in the zone of 198 to 200. Resistance for the commodity lies in the zone of 204 to 206 where 52 week highs for the commodity is lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 210.

Broad range for the commodity in the coming week can be seen between 179 – 181 on downside and 194 – 196 on upside.

Copper Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Copper for the week (February 20, 2017 – February 24, 2017) :

COPPER:

 

COPPER 1

 

COPPER (400.20) closed the week with a negative note losing around 1.95% .

As we have mentioned last week that the commodity has closed around the resistance zone of 408 to 409 where trend-line joining highs of 414.80 and 409.50 is lying. Resistance for the commodity lies in the zone of 414 to 416 where the commodity has made a high in the month of November-2016. If the commodity manages to close above these levels then the commodity can move to the levels of 422 to 425 where monthly Fibonacci levels are lying and from where the commodity sold off in the month of May-2015. During the week the commodity manages to hit a high of 414.75 and close the week around the levels of 400.20.

Minor support for the commodity lies in the zone of around 399 to 400. Support for the commodity lies in the zone of 390 to 392 where Fibonacci level and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 382 to 384 from where the commodity broke out after consolidation.

Resistance for the commodity lies in the zone of 406 to 407 where trend-line joining highs of 414.80 and 409.50 is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 414 to 416 where the commodity has made a high in the month of November-2016.

Broad range for the commodity in the coming week can be seen between 390 – 392 on downside and 408 – 410 on upside.

Silver Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Silver for the week (February 20, 2017 – February 24, 2017) :

SILVER:

 

SILVER 1

 

SILVER (42937) closed the week with a positive note gaining around 0.80%.

As we have mentioned last week that minor support for the commodity lies in the zone of around 42000 to 42200 where Fibonacci levels are lying. Support for the commodity lies in the zone of 41400 to 41500 where the commodity has taken multiple support and medium term moving averages are lying. During the week the commodity manages to hit a low of 42222 and close the week around the levels of 42937.

Minor support for the commodity lies in the zone of around 42400 to 42500. Support for the commodity lies in the zone of 42000 to 42200 from where the commodity broke out and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 41200 to 41300 where the commodity has taken multiple support and medium term moving averages are lying.

Minor resistance for the commodity lies in the zone of 43000 to 43100. Resistance for the commodity lies in the zone of 43500 to 43700 where Fibonacci levels is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 44400 to 44600 where Fibonacci levels and commodity sold off in the month of November-2016.

Broad range for the commodity in the coming week can be seen between 42100 – 42200 on downside and 43800 – 43900 on upside.

Gold Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Gold for the week (February 20, 2017 – February 24, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29360) closed the week with a positive note gaining around 0.65%.

As we have mentioned last week that support for the commodity Gold lies in the zone of around 28850 to 28900 from where the commodity broke out and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28200 to 28300 where Fibonacci levels, short term moving averages and short term bottom is lying. During the week the commodity manages to hit a low of 28872 and close the week around the levels of 29360.

Minor support for the commodity lies in the zone of 29120 to 29170. Support for the commodity Gold lies in the zone of around 28850 to 28900 from where the commodity broke out, Fibonacci levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28200 to 28300 where Fibonacci levels, short term moving averages and short term bottom is lying.

Minor resistance for the commodity lies in the zone of 29400 to 29450. Resistance for the commodity Gold lies in the zone of 29650 to 26750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 28800 – 28900 on downside and 29700 – 29800 on upside.

MCX Tips for – Monday, February 20, 2017

Gold (29360): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 29132 levels. Traders can initiate fresh long positions on every dip until Gold Future closes below 29132 levels.

Silver (42937):  Analysis would remain same. Silver is still in positive zone and traders can buy at dips or hold long positions until Silver closes below 42404 levels. Traders can go short once Silver Future closes below 42404 levels.

Crude (3580): Crude is trading into positive zone. Traders should initiate long positions on every dips. For now traders can hold long position until Crude future closes below 3512.50 levels.

Natural Gas (191.20): Analysis would remain same. NG Future is still in negative zone. Now traders can hold short positions and short at every positive rally until NG Future closes above 198.60 levels. Traders can go long if Natural Gas Future closes above 198.60 levels.

Copper (400.20): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 408.15.

Zinc (188.05): Zinc is trading into negative zone. Traders can hold short position or can initiate short position on every rise until Zinc is trading below 193.55 levels. Traders can go long only it Zinc closes above 193.55 levels.

Lead (151.15): Analysis would remain same. Lead is still in negative zone. Lead Future would enter into positive zone once it closes above 156.30 levels. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 156.30 levels.

Nickel (739.70):  Nickel is trading into positive zone. Now traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 717.80 levels.

Aluminium (125.65):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 125.10 levels, below which fresh short position can be initiated.

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, February 20, 2017

equitypandit_square

Wait For Nifty To Close Above 8824 Or BankNifty To Close Below 20456

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that BankNifty is still in positive zone and traders should hold BankNifty until it closes below 20078 levels. EquityPandit also predicted that traders should go long at support levels and short at EquityPandit’s predicted resistance levels and exactly same happened. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day. Market closed right at EquityPandit’s predicted resistance levels of 8824 for Nifty, 20550 for BankNifty and 28465 levels for Sensex like a dot.

Today: Indian Stock Market would open flat. Technically, Nifty is in negative zone but BankNifty is still in positive zone. Nifty would enter into positive zone if it closes above 8824 levels. Market would see sector specific movement. Now, BankNifty would enter into negative zone once it closes below 20456 levels. Traders can hold long positions until BankNifty spot holds 20456 levels on closing basis. Once, BankNifty closes below 20456, traders can go sort in Nifty and BankNifty. Overall, market is in consolidation range and traders should wait for either Nifty to enter into positive zone or BankNifty to enter into negative zone to take further positions in the market.

FIIs were net buyers of Rs.3419.07 crores whereas DIIs were net sellers of Rs.5631.99 crores in cash market for last trading session. Nifty would see strong support at 8800-8780-8750-8713 whereas strong resistance would be seen at 8830-8850-8900-8970 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8822) The support for the Nifty is 8800-8780-8750-8713 and the resistance to the up move is at 8830-8850-8900-8970 levels.

NSE BankNifty: (20551) The support for BankNifty is at 20450-20380-20215 and the resistance to the up move is at 20600-20714-20800 levels.

BSE Sensex: (28469) The support for the Sensex is at 28400-28312-28240-28145 and the resistance to the up move is at 28550-28700-28780-28880 levels.

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

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Colgate Palmolive Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week (February 20, 2017 – February 24, 2017) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on positive note gaining around 2.20%.

As we have mentioned last week that minor support for the stock lies in the zone of 890 to 895. Support of the stock lies in the 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. During the week the stock manages to hit a low of 878 and close the week around the levels of 911.

Minor support for the stock lies in the zone of 890 to 895. Support of the stock lies in the 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.

Resistance for the stock lies in the zone of 915 to 920 where 200 Daily SMA and highs of January-2017 is lying. 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 860 to 865 on lower end and 940 to 950 on upper end.

Dabur Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for DABUR for the week (February 20, 2017 – February 24, 2017) :

DABUR:

 

DABUR

 

Dabur closed the week on positive note gaining around 0.50%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 268 to 270. Resistance for the stock lies in the zone of 272 to 274 from where the stock broke down from consolidation. Resistance for the stock lies in the zone of 278 to 280 where Fibonacci level and medium term moving averages are lying. During the week the stock manages to hit a high of 271 and close the week around the levels of 266.

Support for the stock lies in the zone of 264 to 266 where Fibonacci level and where the stock has taken multiple support on daily basis is lying. If the stock manages to close below these levels then the stock can drift to the levels of 259 to 260 where the stock has formed a bottom in the month of December-2016.

Minor resistance for the stock lies in the zone of 268 to 270. Resistance for the stock lies in the zone of 272 to 274 from where the stock broke down from consolidation. Resistance for the stock lies in the zone of 278 to 280 where Fibonacci level 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 286 to 288 where Fibonacci level and 200 Daily SMA is lying.

Broad range for the stock is seen between 258 to 260 on lower end and 275 to 277 on upper end.

Hindustan Unilever Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week (February 20, 2017 – February 24, 2017) :

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on negative note losing around 1.20%.

As we have mentioned last week that resistance for the stock lies in the zone of 865 to 870 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 268 and close the week around the levels of 841.

Support for the stock lies in the zone of 835 to 840 where short & medium term moving averages and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 810 to 820 where the stock has formed a bottom in the month of January-2017.

Minor resistance for the stock lies in the zone of 850 to 855. Resistance for the stock lies in the zone of 865 to 875 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 810 to 820 on downside and 860 to 870 on upside.

ITC Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for ITC for the week (February 20, 2017 – February 24, 2017) :

ITC:

 

ITC

 

ITC closed the week on negative note losing around 1.80%.

As we have mentioned last week that support for the stock lies in the zone of 265 to 267 from where the stock broke out from the highs of September-2016. If the stock manages to close below these levels then the stock can drift to the levels of 255 to 260. During the week the stock manages to hit a low of 264 and close the week around the levels of 268.

Support for the stock lies in the zone of 265 to 267 from where the stock broke out from the highs of September-2016. If the stock manages to close below these levels then the stock can drift to the levels of 255 to 260.

Minor resistance for the stock lies in the zone of 272 to 274. The stock is trading at the life time highs so virtually no resistance is visible. Resistance for the stock lies in the zone of 280 to 282 where Fibonacci extension level is lying.

Broad range for the stock in coming week is seen between 260 to 262 on downside and 276 to 278 on upside.

Cipla Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Cipla for the week (February 20, 2017 – February 24, 2017) :

CIPLA:

 

CIPLA

 

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

As we have mentioned last week that support for the stock lies in the zone of 570 to 575 where short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 550 to 555 where 200 Daily SMA is lying. During the week the stock manages to hit a low of 571 and close the week around the levels of 593.

Minor support for the stock lies in the zone of 580 to 585. Support for the stock lies in the zone of 570 to 575 where short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 550 to 555 where 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 600 to 610 where the highs of October-2016 and September-2016 is lying. If the stock manages to close above these levels then the stock can move to the levels of 640 to 650 from where the stock sold off in the month of December-2015.

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

Dr. Reddy Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week (February 20, 2017 – February 24, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 2.10%.

As we have mentioned last week that support for the stock lies in the zone of 2900 to 2930 from where the stock has bounced in the month of July-2016 and January-2017. If the stock manages to close below these levels then the stock can drift to the levels of 2820 to 2840 levels where the stock has taken multiple support in the month of February-2016 and May-2016. During the week the stock manages to hit a low of 2799 and close the week around the levels of 2913.

Support for the stock lies in the zone of 2900 to 2920 from where the stock has bounced in the month of July-2016 and January-2017. If the stock manages to close below these levels then the stock can drift to the levels of 2820 to 2840 levels where the stock has taken multiple support in the month of February-2016 and May-2016.

Minor resistance for the stock lies in the zone of 2950 to 2970. Resistance for the stock lies in the zone of 3020 to 3050 from where the stock broke down on intraday basis. If the stock manages to close above these levels then the stock can move to the levels of 3100 to 3130 where 200 Daily SMA is lying.

Broad range for the stock is seen from 2790 – 2810 on downside to 3000 – 3020 on upside.

Lupin Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Lupin for the week (February 20, 2017 – February 24, 2017) :

LUPIN:

 

LUPIN

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 1460 to 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. During the week the stock manages to hit a low of 1425 and close the week around the levels of 1459.

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 1500. 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 1410 – 1420 on downside & 1520 – 1530 on upside.

Sun Pharma Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Sun Pharma for the week (February 20, 2017 – February 24, 2017) :

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on positive note gaining around 3.00%.

As we have mentioned last week that minor support for the stock lies in the zone of 645 to 650. Support for the stock lies in the zone of 620 to 625 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 600 to 610. During the week the stock manages to hit a low of 621 and close the week around the levels of 675.

Minor support for the stock lies in the zone of 650 to 655. Support for the stock lies in the zone of 620 to 625 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 600 to 610.

Resistance for the stock lies in the zone of 670 to 675 from where the stock sold off on 15/12/2016. If the stock manages to close above these levels then the stock can move to the levels of 690 to 700 from where the stock sold off on 07/12/2016.

Broad range for the stock in the coming week can be 650 – 655 on lower side & 695 – 700 on upper side.

 

Wipro Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Wipro for the week (February 20, 2017 – February 24, 2017) :

WIPRO:

 

WIPRO

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 465 to 470. 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 475.

Minor support for the stock lies in the zone of 465 to 470. Support for the stock lies in the zone of 450 to 453 from where the stock has bounced couple of times in the month of December-2016. If the stock manages to close below these levels then the stock can drift to the levels of 430 to 435 where the stock has taken multiple support in the month of November-2016.

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 495 to 500 where the stock has form a top in the month of October-2016, Fibonacci level and 200 Daily SMA is lying.

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

HCL Tech Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for HCL Tech for the week (February 20, 2017 – February 24, 2017) :

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on positive note gaining around 1.30%.

As we have mentioned last week that support for the stock lies in the zone of 815 to 825 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 821 and close the week around the levels of 839.

Support for the stock lies in the zone of 815 to 825 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 840 to 845. 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 & 870 to 880 on upside.

TCS Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for TCS for the week (February 20, 2017 – February 24, 2017) :

TATA CONSULTANCY SERVICES:

 

TCS

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 2478 and close the week around the levels of 2408.

Minor support for the stock lies in the zone of 2350 to 2370. Support for the stock lies in the zone of 2300 to 2320 where short & medium term moving averages are lying. 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 2300 to 2320 on downside & 2500 to 2520 on upside.

Infosys Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Infosys for the week (February 20, 2017 – February 24, 2017) :

INFOSYS:

 

INFY

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 950 to 955. Support for the stock lies in the zone of 935 to 940 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. The stock has taken multiple support around the levels of 900 to 910. During the week the stock manages to hit a low of 963 and close the week around the levels of 1000.

Minor support for the stock lies in the zone of 980 to 990. Support for the stock lies in the zone of 970 to 980 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 945 to 955 from where the stock broke out after consolidation.

Resistance for the stock lies in the zone of 1020 to 1040 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 1050 to 1060 where 200 Daily SMA is lying.

Broad range for the stock in the coming week is seen between 960 to 970 on downside & 1040 to 1050 on upside.

SBI Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for SBI for the week (February 20, 2017 – February 24, 2017) :

STATE BANK OF INDIA:

 

SBIN

 

SBIN closed the week on negative note losing around 2.50%.

As we have mentioned last week that resistance for the stock lies in the zone of 277 to 279 from where the stock sold off in the month of November-2016. If the stock manages to close above these levels then the stock can move to the levels of 290 to 292 where the stock has formed a top in the month of November-2016. During the week the stock manages to hit a high of 278 and close the week around the levels of 269.

Support for the stock lies in the zone of 269 to 271 from where the stock broke out. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 262 where short term and medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 273 to 275. Resistance for the stock lies in the zone of 277 to 279 from where the stock sold off in the month of November-2016. If the stock manages to close above these levels then the stock can move to the levels of 290 to 292 where the stock has formed a top in the month of November-2016.

Broad range for the stock in the coming week can be 260 to 262 on lower side to 280 to 282 on upper side.

Axis Bank Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Axis Bank for the week (February 20, 2017 – February 24, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on absolutely flat note.

As we have mentioned last week that minor support for the stock lies in the zone of 480 to 482. Support for the stock lies in the zone of 460 to 465 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 440 to 445 where the stock has formed a short term bottom. During the week the stock manages to hit a low of 482 and close the week around the levels of 489.

Minor support for the stock lies in the zone of 480 to 482. Support for the stock lies in the zone of 460 to 465 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 440 to 445 where the stock has formed a short term bottom.

Minor resistance for the stock lies in the zone of 490 to 492. Resistance for the stock lies in the zone of 510 to 515 where the stock has formed a top in the month of November-2016 and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 534 to 536 where Fibonacci level is lying.

Broad range for the stock in the coming week can be 470 – 475 on lower side to 510 – 515 on upper side.

ICICI Bank Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for ICICI Bank for the week (February 20, 2017 – February 24, 2017) :

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on positive note gaining around 0.50%.

As we have mentioned last week that minor support for the stock lies in the zone of 275 to 277. Support for the stock lies in the zone of 270 to 272 where Fibonacci level and Neck-line of Inverse H & S pattern is lying. If the stock manages to close below these levels then the stock can drift to the levels of 262 to 264 where medium term moving averages and Fibonacci level is lying. During the week the stock manages to hit a low of 273 and close the week around the levels of 283.

Minor support for the stock lies in the zone of 275 to 277. Support for the stock lies in the zone of 270 to 272 where Fibonacci level and Neck-line of Inverse H & S pattern is lying. If the stock manages to close below these levels then the stock can drift to the levels of 262 to 264 where medium term moving averages and Fibonacci level is lying.

Minor resistance for the stock lies in the zone of 284 to 286. Resistance for the stock lies in the zone of 288 to 290 where trend-line joining highs of 393 and 298 is lying. If the stock manages to close above these levels then the stock can move to the levels of 298 to 300 where the stock top out in the month of November-2016.

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 270 – 272 on lower side to 290 – 292 on upper side.

HDFC Bank Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for HDFC Bank for the week (February 20, 2017 – February 24, 2017) :

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on positive note gaining around 5.60%.

As we have mentioned last week that minor support for the stock lies in the zone of 1290 to 1295. Support for the stock lies in the zone of 1265 to 1275 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 1240 to 1250 where medium term moving averages are lying. During the week the stock manages to hit a low of 1299 and close the week around the levels of 1377.

Minor support for the stock lies in the zone of 1350 to 1360. Support for the stock lies in the zone of 1300 to 1320 from where the stock broke out from the September-2016 highs. If the stock manages to close below these levels then the stock can drift to the levels of 1260 to 1280.

Resistance for the stock lies in the zone of 1390 to 1400 from where the stock broke down on intraday basis. If the stock manages to close above these levels then the stock can move to the levels of 1425 to 1435.

Broad range for the stock in the coming week can be 1320 to 1330 on lower side & 1400 to 1420 on upper side.

Nifty Media Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for NIFTY MEDIA for the week (February 20, 2017 – February 24, 2017) :

NIFTY MEDIA:

 

NIFTYMEDIA

 

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

Minor support for the index lies in the zone of 2960 to 2980. Support for the index lies in the zone of 2920 to 2940 from where the index broke out. If the index manages to close below these levels then the index can drift to the levels of 2860 to 2880 where the index had gap up opening on 03/02/2017.

Resistance for the index lies in the zone of 3020 to 3030 where the index has made a short term top. If the index manages to close above these levels then the index can move to the levels of 3080 to 3100.

Broad range for the index is seen between 2920 to 2940 on downside to 3050 to 3070 on upside.

Nifty Realty Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for NIFTY REALTY for the week (February 20, 2017 – February 24, 2017) :

NIFTY REALTY:

 

NIFTYREALT

 

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

As we have mentioned last week that minor support for the index lies in the zone of 192 to 193. Support for the index lies in the zone of 188 to 190 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 183 to 185 from where the index broke out from the January-2017 highs. During the week the index manages to hit a low of 184 and close the week around the levels of 189.

Support for the index lies in the zone of 183 to 185 from where the index broke out from the January-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 175 to 177 from where the index broke out and short term moving averages are lying.

Minor resistance for the index lies in the zone of 191 to 193. Resistance for the index lies in the zone of 195 to 196 where the index has broken down from double bottom pattern and also gap has been created on gap down opening on 09-11-2016. If the index manages to close above these levels then the index can move to the levels of 205 to 210 from where the index sold off in the month of November-2016.

Broad range for the index is seen between 181 to 183 on downside & 195 to 197 on upside.

Nifty PSU Bank Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for NIFTY PSU BANK for the week (February 20, 2017 – February 24, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on negative note losing around 4.00%.

As we have mentioned last week that minor support for the index lies in the zone of 3350 to 3370. Support for the index lies in the zone of 3250 to 3300 from where the index broke out from Inverse H & S pattern. If the index manages to close below these levels then the index can drift to the levels of 3130 to 3170 where medium term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 3243 and close the week around the levels of 3275.

Support for the index lies in the zone of 3250 to 3300 from where the index broke out from Inverse H & S pattern. If the index manages to close below these levels then the index can drift to the levels of 3130 to 3170 where medium term moving averages and Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 3330 to 3350. Resistance for the index lies in the zone of 3430 to 3460 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 3510 to 3530 where the index has formed a double top pattern.

Broad range for the index is seen between 3180 to 3200 on downside & 3380 to 3400 on upside.

Nifty Metal Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for NIFTY METAL for the week (February 20, 2017 – February 24, 2017) :

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 3100 to 3120. Resistance for the index lies in the zone of 3180 to 3200. Resistance for the index lies in the zone of 3330 to 3370 from where the index sold off in the month of August-2014. If the index manages to close above these levels then the index can move to the levels of 3500 to 3550 where the index has formed a top in the month of June-2014. During the week the index manages to hit a high of 3116 and close the week around the levels of 3054.

Minor support for the index lies in the zone of 3000 to 3050. Support for the index lies in the zone of 2850 to 2900 from where the index broke out from double top pattern. If the index manages to close below these levels then the index can drift to the levels of 2750 to 2775 where medium term moving averages and Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 3100 to 3120. Resistance for the index lies in the zone of 3180 to 3200. Resistance for the index lies in the zone of 3330 to 3370 from where the index sold off in the month of August-2014. If the index manages to close above these levels then the index can move to the levels of 3500 to 3550 where the index has formed a top in the month of June-2014.

Broad range for the index is seen between 2930 to 2950 on downside & 3120 to 3150 on upside.

Nifty Energy Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week (February 20, 2017 – February 24, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 1.60%.

As we have mentioned last week that support for the index lies in the zone of 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. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10350 where short term moving averages and from where the index broke out from the October-2016 highs. During the week the index manages to hit a low of 10613 and close the week around the levels of 10846.

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. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10350 where short term moving averages and from where the index broke out from the October-2016 highs.

The index is trading at the life time highs so virtually no resistance is lying. Resistance for the index lies in the zone of 11100 to 11200.

Broad range for the index is seen between 10500 to 10550 on downside & 11200 to 11300 on upside.

Nifty IT Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for NIFTY IT for the week (February 20, 2017 – February 24, 2017) :

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week that minor support for the index lies in the zone of 10250 to 10300. Support for the index lies in the zone of 9900 to 10000 where 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 10319 and close the week around the levels of 10527.

Minor support for the index lies in the zone of 10250 to 10300. Support for the index lies in the zone of 9900 to 10000 where 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.

Resistance for the index lies in the zone of 10500 to 10600 from where the index has broken down from the double bottom pattern and 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where trend-line joining earlier highs is lying.

Broad range for the index in the coming week is seen from 10250 to 10300 on downside to 10750 to 10800 on upside.

Nifty Auto Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week (February 20, 2017 – February 24, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 3.00%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 10030 and close the week around the levels of 9684.

Support for the index lies in the zone of 9520 to 9580 where Fibonacci level is lying and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9350 where 200 Daily SMA and breakout levels are lying.

Minor resistance for the index lies in the zone of 9750 to 9800. 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 10200 to 10250 where trend-line joining highs of September-2016 and October-2016 is lying.

Broad range for the index is seen from 9300 to 9350 on downside & 9900 to 9950 on upside.

Nifty Pharma Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for NIFTY Pharma for the week (February 20, 2017 – February 24, 2017) :

NIFTY PHARMA:

 

NIFTYPHARM

 

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 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. Above these levels the index can move to the levels of 11000 to 11100 where 200 Daily SMA is lying. During the week the index manages to hit a high of 10646 and close the week around the levels of 10624.

Minor support for the index lies in the zone of 10400 to 10450. 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 10700 to 10800 where Fibonacci level is lying. Above these levels the index can move to the levels of 11000 to 11100 where 200 Daily SMA is lying.

Broad range for the index is seen from 10300 to 10350 on downside to 10900 to 11000 on upside.

Nifty FMCG Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week (February 20, 2017 – February 24, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on negative note losing around 1.15%.

As we have mentioned last week that minor resistance for the index lies in the zone of 22800 to 22900. Resistance for the index lies in the zone of 23200 to 23300 where life time highs and trend-line joining earlier highs is lying. During the week the index manages to hit a high of 22881 and close the week around the levels of 22446.

Minor support for the index lies in the zone of 22300 to 22400 from where the index broke out on intraday basis. Support for the index lies in the zone of 21700 to 21800 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 21300 to 21400 where 200 Daily SMA is lying.

Minor resistance for the index lies in the zone of 22800 to 22900. Resistance for the index lies in the zone of 23200 to 23300 where life time highs and trend-line joining earlier highs is lying.

The index has formed a Shooting Star pattern on weekly basis. Every rise in the index will be sold off.

Broad range for the index in the coming week is seen from 21600 to 21700 on downside to 23100 to 23200 on upside.

Nifty Bank Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (February 20, 2017 – February 24, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 1.70%.

As we have mentioned last week that resistance for the index lies in the zone of 20600 to 20700 where the index was top out in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 20900 to 21000 where the index had made a life time highs. During the week the index manages to hit a high of 21042 and close the week around the levels of 20551.

Minor support for the index lies in the zone of 20400 to 20500. Support for the index lies in the zone of 19950 to 20050 where the index has taken multiple support on daily 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 20600 to 20700 where the index was top out in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 20900 to 21000 where the index had made a life time highs.

Range for the week is seen from 20000 to 20100 on downside to 21000 to 21100 on upside.

Nifty Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Nifty for week (February 20, 2017 – February 24, 2017):

NIFTY:

 

NIFTY

 

Nifty ended the week on positive note gaining around 0.30%.

As we have mentioned last week that minor support for the index lies in the zone of 8680 to 8720. 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 8330 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. During the week the index manages to hit a low of 8713 and close the week around the levels of 8822.

Minor support for the index lies in the zone of 8720 to 8750. Support for the index lies in the zone of 8550 to 8600 from where the index broke out. If the index manages to close below these levels then the index can drift of 8350 to 8400 where Fibonacci levels and 200 Daily SMA is lying.

Minor resistance for the index lies in the zone of 8800 to 8820. Resistance for the index lies in the zone of 8900 to 8950 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9050 to 9100 where life time highs for the index is lying.

Broad range for the week is seen from 8700 on downside to 9100 on upside.

MCX Tips for – Friday, February 17, 2017

Gold (29416): Gold Future has entered into positive zone and traders can hold long positions until Gold Future closes below 29076.50 levels. Traders can initiate fresh long positions on every dip until Gold Future closes below 29076.50 levels.

Silver (43010):  Analysis would remain same. Silver is still in positive zone and traders can buy at dips or hold long positions until Silver closes below 42372.11 levels. Traders can go short once Silver Future closes below 42372.11 levels.

Crude (3588): Crude is trading into positive zone. Traders should initiate long positions on every dips. For now traders can hold long position until Crude future closes below 3512.50 levels.

Natural Gas (192.80): Analysis would remain same. NG Future is still in negative zone. Now traders can hold short positions and short at every positive rally until NG Future closes above 200.70 levels. Traders can go long if Natural Gas Future closes above 200.70 levels.

Copper (402.05): Copper has entered into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 411.50.

Zinc (192): Zinc is trading into negative zone. Traders can hold short position or can initiate short position on every rise until Zinc is trading below 196.30 levels. Traders can go long only it Zinc closes above 196.30 levels.

Lead (153.35): Analysis would remain same. Lead is still in negative zone. Lead Future would enter into positive zone once it closes above 158.95 levels. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 158.95 levels.

Nickel (739.60):  Nickel is trading into positive zone. Now traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 717.35 levels.

Aluminium (127.05):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 125.10 levels, below which fresh short position can be initiated.

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 – Friday, February 17, 2017

equitypandit_square

Hold Long In BankNifty Until It Closes Below 20078 Levels

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that Nifty has entered into negative zone but BankNifty is still in positive zone. EquityPandit predicted that BankNifty would see some positive rally but traders can go short at every positive rally. Indian Stock Market moved positive while opening and then saw a sharp downfall from there but managed to see a positive reaction near support levels. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open positive. Technically, Nifty is in negative zone but BankNifty is still in positive zone. Now market is again in the consolidation zone. Market would see some positive movement. Now, its a tricky situation. BankNifty would enter into negative zone once it closes below 20078 levels and Nifty would enter into positive zone once it closes above 8824 levels. So traders can wait for either levels to be breached to take any further position. Once Nifty closes above 8824 levels, then traders can initiate fresh long positions whereas if BankNifty closes below 20078 then traders can go short in the market. Still 20000 is very strong support levels for BankNifty. For now, traders can wait for either of the levels to be breached. Intraday traders can sell at EquityPandit’s predicted resistance levels and buy near EquityPandit’s predicted support levels.

FIIs were net sellers of Rs.215.69 crores whereas DIIs were net buyers of Rs.846.11 crores in cash market for last trading session. Nifty would see strong support at 8740-8700-8688-8665 whereas strong resistance would be seen at 8810-8830-8850-8900 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8778) The support for the Nifty is 8740-8700-8688-8665 and the resistance to the up move is at 8810-8830-8850-8900 levels.

NSE BankNifty: (20244) The support for BankNifty is at 20215-20120-20060-20000 and the resistance to the up move is at 20315-20380-20465-20576 levels.

BSE Sensex: (28301) The support for the Sensex is at 28240-28145-28060-27950 and the resistance to the up move is at 28340-28475-28550-28630 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, February 16, 2017

Gold (29143): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 29266.55 levels. Traders can initiate fresh long positions only if Gold Future closes above 29266.55 levels.

Silver (42651):  Analysis would remain same. Silver is still in positive zone and traders can buy at dips or hold long positions until Silver closes below 42003.11 levels. Traders can go short once Silver Future closes below 42003.11 levels.

Crude (3551): Crude is trading into positive zone. Traders should initiate long positions on every dips. For now traders can hold long position until Crude future closes below 3512.50 levels.

Natural Gas (196.60): Analysis would remain same. NG Future is still in negative zone. Now traders can hold short positions and short at every positive rally until NG Future closes above 202.60 levels. Traders can go long if Natural Gas Future closes above 202.60 levels.

Copper (404.30): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate long at every dip until it closes below 403.70.

Zinc (191.50): Zinc has entered into negative zone. Traders can hold short position or can initiate short position on every rise until Zinc is trading below 197.60 levels. Traders can go long only it Zinc closes above 197.60 levels.

Lead (154.95): Analysis would remain same. Lead is still in negative zone. Lead Future would enter into positive zone once it closes above 161.30 levels. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 161.30 levels.

Nickel (728.40):  Nickel is trading into positive zone. Now traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 706.10 levels.

Aluminium (127.35):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 124.95 levels, below which fresh short position can be initiated.

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 – Thursday, February 16, 2017

equitypandit_square

Nifty Entered Negative Zone, Go Short At Every Positive Rally

 

Last Trading Session: Indian Stock Market opened flat. EquityPandit predicted that market is witnessing distribution pattern that means there is high chance of downfall at this point of time and exactly same happened. Indian Stock Market saw a sharp downfall from day highs. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. BankNifty also saw highs near EquityPandit’s predicted resistance levels of 20380 and fell down sharply to see lows right near EquityPandit’s predicted support levels of 20130. BankNifty closed right on EquityPandit’s predicted support levels of 20165 like a dot. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open flat. Technically, Nifty has entered into negative zone but BankNifty is still in positive zone. BankNifty would enter into negative zone once it closes below 20078 levels. Cabinet has approved merger of SBI with all its 5 associate banks. This is a positive news for SBI. SBI would see some positive rally and would force BankNifty to move somewhat higher but every positive rally would be an opportunity for traders to go short in the market. Once BankNifty closes below 20078 levels, we would see sharp downfall in Indian Stock Market. Traders should go short at every positive rally in Nifty until it closes above 8830 levels.

FIIs were net buyers of Rs.225.84 crores whereas DIIs were net buyers of Rs.248.98 crores in cash market for last trading session. Nifty would see strong support at 8700-8688-8665-8640 whereas strong resistance would be seen at 8770-8830-8850-8900 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (8725) The support for the Nifty is 8700-8688-8665-8640 and the resistance to the up move is at 8770-8830-8850-8900 levels.

NSE BankNifty: (20164) The support for BankNifty is at 20000-19916-19835-19760 and the resistance to the up move is at 20270-20380-20576 levels.

BSE Sensex: (28156) The support for the Sensex is at 28060-27950-27870-27736 and the resistance to the up move is at 28294-28340-28500 levels.

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

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MCX Tips for – Wednesday, February 15, 2017

Gold (29001): Gold Future has entered into negative zone and traders can hold short positions until Gold Future closes above 29318 levels. Traders can initiate fresh long positions only if Gold Future closes above 29318 levels.

Silver (42480):  Analysis would remain same. Silver is still in positive zone and traders can buy at dips or hold long positions until Silver closes below 42003.11 levels. Traders can go short once Silver Future closes below 42003.11 levels.

Crude (3565): Crude is trading into positive zone. Traders should initiate long positions on every dips. For now traders can hold long position until Crude future closes below 3512.50 levels.

Natural Gas (194.60): Analysis would remain same. NG Future is still in negative zone. Now traders can hold short positions and short at every positive rally until NG Future closes above 202.60 levels. Traders can go long if Natural Gas Future closes above 202.60 levels.

Copper (404.30): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate long at every dip until it closes below 403.70.

Zinc (193.50): Analysis would remain same. Zinc is still in positive trend and would enter into negative zone once it closes below 192.80 levels. Traders can go short only if Zinc closes below 192.80 levels, until then hold long positions.

Lead (157.60): Lead has entered into negative zone. Lead Future would enter into positive zone once it closes above 164.75 levels. Traders can hold short position or can initiate short position on every rise until Lead future does not close above 164.75 levels.

Nickel (720.40):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 703.60 levels.

Aluminium (125.90):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 124.95 levels, below which fresh short position can be initiated.

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, February 15, 2017

equitypandit_square

A Big Move On The Cards, Initiate Shorts Only If Nifty Closes Below 8730, Until Then Hold Long

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that traders should go long at every downfall until Nifty closes below 8714 levels and exactly same happened. Indian Stock Market saw some downfall and saw lows right near EquityPandit’s predicted support levels of 28250 for Sensex. Market recovered from day lows and traders who followed EquityPandit’s advice to go long at dips might have earned decent profits for the day. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market is in positive zone but it is witnessing distribution pattern that means there is high chance of downfall at this point of time. Market has been consolidating for more than last 7 trading sessions and we are ready for a big move, now. We would see breakout if Nifty closes above 8830 levels whereas a sharp breakdown would be seen if it closes below 8730 levels. Traders should initiate fresh short positions if Nifty closes below 8730 levels or BankNifty closes below 20078 levels. The probability of downfall is getting higher due to overstretched market and we may see some reversal in upcoming days, if Nifty is not able to hold 8730 levels on closing basis. Until then traders can hold long positions.

FIIs were net sellers of Rs.6.45 crores whereas DIIs were net sellers of Rs.3.20 crores in cash market for last trading session. Nifty would see strong support at 8730-8700-8688-8665 whereas strong resistance would be seen at 8830-8850-8900-8970 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: Grasim Industries and Nestle India.

NSE Nifty: (8792) The support for the Nifty is 8730-8700-8688-8665 and the resistance to the up move is at 8830-8850-8900-8970 levels.

NSE BankNifty: (20258) The support for BankNifty is at 20165-20130-20000-19920 and the resistance to the up move is at 20380-20576-20610-20780 levels.

BSE Sensex: (28339) The support for the Sensex is at 28250-28183-28110-28000 and the resistance to the up move is at 28500-28660-28780-28888 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 – Tuesday, February 14, 2017

Gold (29021): Gold Future has entered into negative zone and traders can hold short positions until Gold Future closes above 29318 levels. Traders can initiate fresh long positions only if Gold Future closes above 29318 levels.

Silver (42422):  Analysis would remain same. Silver is still in positive zone and traders can buy at dips or hold long positions until Silver closes below 42003.11 levels. Traders can go short once Silver Future closes below 42003.11 levels.

Crude (3545): Crude is trading into positive zone. Traders should initiate long positions on every dips. For now traders can hold long position until Crude future closes below 3512.50 levels.

Natural Gas (198.60): Analysis would remain same. NG Future is still in negative zone. Now traders can hold short positions and short at every positive rally until NG Future closes above 207.10 levels. Traders can go long if Natural Gas Future closes above 207.10 levels.

Copper (411.40): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate long at every dip until it closes below 403.70.

Zinc (195.50): Analysis would remain same. Zinc is still in positive trend and would enter into negative zone once it closes below 192.80 levels. Traders can go short only if Zinc closes below 192.80 levels, until then hold long positions.

Lead (162.25): Analysis would remain same. Lead is still in positive zone. Lead Future would enter into negative zone once it closes below 159.30 levels. Traders can initiate short positions only if Lead future closes below 159.30. Until then hold long positions.

Nickel (714.50):  Nickel is trading into positive zone. Now traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 700.60 levels.

Aluminium (125.05):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 124.15 levels, below which fresh short position can be initiated.

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, February 14, 2017

equitypandit_square

Market Ready For A Big Move, Hold Long Until Nifty Closes Below 8714

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that traders can hold long positions until market holds 8714 levels for Nifty and 20078 levels for BankNifty and exactly same happened. Nifty moved positive and saw highs right at EquityPandit’s predicted resistance levels of 8830 like a dot. Finally, Indian Stock Market closed flat with positive bias for the day.

Today: Indian Stock Market would open flat. Technically, Analysis would still remain same. Indian Stock Market is still in positive zone. Market would see reversal only if it closes below 8714 spot levels for Nifty and 20078 levels for BankNifty. Until then every downfall would be an opportunity for traders to go long in the market. Market has been consolidating in a small range and closing above 8830 would force Nifty to see strong breakout from the range. Traders can close all long positions and initiate short positions only if Nifty closes below 8714 levels and BankNifty closes below 20078 levels on spot basis. Once Market closes below these levels, we would see sharp breakdown in the market. Few large corporate giants like Tata Motors, Sunpharma and Vedanta Ltd would disclose their results today and would affect market direction for the day.

FIIs were net buyers of Rs.306.74 crores whereas DIIs were net sellers of Rs.171.70 crores in cash market for last trading session. Nifty would see strong support at 8740-8700-8688-8665 whereas strong resistance would be seen at 8830-8850-8900-8970 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: Adani Enterprises, Adani Ports, Aditya Birla Nuvo, Amtek Auto, Apollo Hospitals, Cox & Kings, DLF, Finolex Cables, Fortis Healthcare, Gayatri Projects, Godrej Industries, Greaves Cotton, HFCL, HDIL, Jain Irrigation, Jindal Steel & Power, Kalpataru Power, KRBL, Kwality, MTNL, MOIL, Natco Pharma, PC Jeweller, Prism Cement, Rolta India, REC, Siti Networks, SpiceJet, Sun Pharma, Tata Motors, Tata Motors DVR, Texmaco Rail, Thomas Cook, Unitech, VIP Industries, Vedanta and Voltas.

NSE Nifty: (8805) The support for the Nifty is 8740-8700-8688-8665 and the resistance to the up move is at 8830-8850-8900-8970 levels.

NSE BankNifty: (20252) The support for BankNifty is at 20165-20130-20000-19920 and the resistance to the up move is at 20380-20576-20610-20780 levels.

BSE Sensex: (28352) The support for the Sensex is at 28250-28183-28110-28000 and the resistance to the up move is at 28500-28660-28780-28888 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, February 13, 2017

Gold (29173): Analysis would remain same. Gold Future is still in positive trend and traders can hold long positions until Gold Future closes below 29046.17 levels. Traders can initiate fresh short positions if Gold Future closes below 29046.17 levels.

Silver (42597):  Analysis would remain same. Silver is still in positive zone and traders can buy at dips or hold long positions until Silver closes below 41783.67 levels. Traders can go short once Silver Future closes below 41783.67 levels.

Crude (3609): Crude has entered into positive zone. Traders should initiate long positions on every dips. For now traders can hold long position until Crude future closes below 3512.50 levels.

Natural Gas (204.10): Analysis would remain same. NG Future is still in negative zone. Now traders can hold short positions and short at every positive rally until NG Future closes above 211.55 levels. Traders can go long if Natural Gas Future closes above 211.55 levels.

Copper (408.15): Copper has entered into positive zone. Traders can hold Copper Future long positions or can initiate long at every dip until it closes below 391.10.

Zinc (196.40): Analysis would remain same. Zinc is still in positive trend and would enter into negative zone once it closes below 188.90 levels. Traders can go short only if Zinc closes below 188.90 levels, until then hold long positions.

Lead (161.30): Analysis would remain same. Lead is still in positive zone. Lead Future would enter into negative zone once it closes below 155.05 levels. Traders can initiate short positions only if Lead future closes below 155.05. Until then hold long positions.

Nickel (710.80):  Nickel has entered into positive zone. Now traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 684.85 levels.

Aluminium (124.85):  Aluminium has entered into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 122.50 levels, below which fresh short position can be initiated.

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, February 13, 2017

equitypandit_square

Continue Long Positions Until Market Holds 8714 For Nifty and 20078 For BankNifty On Closing Basis

 

Last Trading Session: Indian Stock Market Opened positive for the day. EquityPandit predicted that traders can go long in Nifty and BankNifty until it holds 8700 levels for Nifty and same happened. Indian Stock Market moved sharply positive and saw highs right near EquityPandit’s predicted resistance levels of 8830 for Nifty. BankNifty saw lows right at EquityPandit’s predicted support levels of 20165 like a dot. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market is still in positive zone. Nifty has been holding 8700 levels for quite a long and would see strong support at those levels. Nifty would see sharp breakout once it closes above 8820 levels. Traders can hold long positions until Nifty holds 8714 spot levels on closing basis. Market would see reversal if Nifty closes below 8714 levels and BankNifty closes below 20078 levels. Until then every dip would be an opportunity for traders to go long in the market.

FIIs were net buyers of Rs.504.51 crores whereas DIIs were net sellers of Rs.224.76 crores in cash market for last trading session. Nifty would see strong support at 8740-8700-8688-8665 whereas strong resistance would be seen at 8830-8850-8900-8970 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: AIA Engineering, Allahabad Bank, Allcargo Logistics, Bajaj Hindusthan Sugar, BEML, Britannia Industries, Container Corporation Of India, DCM Shriram , Dishman Pharmaceuticals, Entertainment Network, GlaxoSmithkline Consumer Healthcare Ltd, GMR Infra, Hindalco, HPCL, Jindal Poly, MMTC, Motherson Sumi, Muthoot Finance, National Aluminium Company, NBCC, NMDC, Petronet LNG, Piramal Enterprises, Power Finance Corporation, Prestige Estates, PTC India, Reliance Infrastructure, Sadhbav Engineering, SJVN, SKF India, Suntech Realty and Tata Investment Corporation.

NSE Nifty: (8794) The support for the Nifty is 8740-8700-8688-8665 and the resistance to the up move is at 8830-8850-8900-8970 levels.

NSE BankNifty: (20214) The support for BankNifty is at 20165-20130-20000-19920 and the resistance to the up move is at 20380-20576-20610-20780 levels.

BSE Sensex: (28334) The support for the Sensex is at 28250-28183-28110-28000 and the resistance to the up move is at 28500-28660-28780-28888 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

Natural Gas Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Natural Gas for the week (February 13, 2017 – February 17, 2017) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS (204.10) closed the week with a negative note losing around 1.00%.

Minor support for the commodity lies in the zone of 200 to 202 where Fibonacci level is lying. Support for the commodity lies in the zone of 195 to 197 where 200 Daily SMA is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 188 to 190 where Fibonacci level is lying.

Minor resistance for the commodity lies in the zone of 207 to 209. Resistance for the commodity lies in the zone of 213 to 215 from where the commodity broke down from the double bottom pattern and Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 221 to 223 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 195 – 197 on downside and 213 – 215 on upside.

Crude Oil Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Crude Oil for the week (February 13, 2017 – February 17, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3609) closed the week with a negative note losing around 0.10%.

Minor support for the commodity lies in the zone of 3530 to 3550. Support for the commodity lies in the zone of 3440 to 3460 where trend-line joining highs of May-2016 and October-2016 is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3350 to 3380 where medium term moving averages are lying.

Minor resistance for the commodity lies in the zone of 3650 to 3670. Resistance for the commodity lies in the zone of 3740 to 3770 from where the commodity sold off in the month of January-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 3950 to 4000 where the commodity has formed a double top pattern and sold off.

Broad range for the commodity in the coming week can be seen between 3460 – 3480 on downside and 3740 – 3760 on upside.

Aluminium Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Aluminium for the week (February 13, 2017 – February 17, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (124.85) closed the week with a positive note gaining around 1.70%.

Support for the commodity lies in the zone of around 123 to 124 from where commodity broke out after consolidation and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 121 where short term moving averages and Fibonacci level is lying.

Resistance for the commodity lies in the zone of 125 to 125.50 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 128 to 129 where the commodity has formed a high in the month of January-2017.

Broad range for the commodity in the coming week can be seen between 121 – 122 on downside and 128 – 129 on upside.

Nickel Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Nickel for the week (February 13, 2017 – February 17, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (710.80) closed the week with a positive note gaining around 3.10%.

Minor support for the commodity lies in the zone of around 696 to 700. Support for the commodity lies in the zone of 678 to 682 where Fibonacci level is lying and 200 Daily SMA is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 650 to 655 from where the commodity broke out.

Minor resistance for the commodity lies in the zone of 715 to 718. Resistance for the commodity lies in the zone of 725 to 730 where Fibonacci level and highs for the month of January-2017 is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 748 to 750 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 680 – 685 on downside and 730 – 735 on upside.

Lead Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Lead for the week (February 13, 2017 – February 17, 2017) :

LEAD:

 

LEAD 1

 

LEAD (161.30) closed the week with a positive note gaining around 3.20%.

Minor support for the commodity lies in the zone of around 158 to 159. Support for the commodity lies in the zone of 154 to 155 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 149 to 151 where short term moving averages and Fibonacci level is lying.

Minor resistance for the commodity lies in the zone of 163 to 164 where highs of January-2017 is lying. Resistance for the commodity lies in the zone of 166 to 167 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 175 to 176 where 52 week highs for the commodity is lying.

Broad range for the commodity in the coming week can be seen between 152 – 154 on downside and 168 – 170 on upside.

Zinc Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Zinc for the week (February 13, 2017 – February 17, 2017) :

ZINC:

 

ZINC 1

 

ZINC (196.40) closed the week with a positive note gaining around 5.15%.

Minor support for the commodity lies in the zone of around 192 to 194. Support for the commodity lies in the zone of 184 to 186 where the commodity has taken multiple support and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 179 to 181 from where the commodity broke out after consolidation and Fibonacci levels are lying.

Minor resistance for the commodity lies in the zone of 198 to 200. Resistance for the commodity lies in the zone of 204 to 206 where 52 week highs for the commodity is lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 210.

Broad range for the commodity in the coming week can be seen between 184 – 186 on downside and 205 – 207 on upside.

Copper Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Copper for the week (February 13, 2017 – February 17, 2017) :

COPPER:

 

COPPER 1

 

COPPER (408.15) closed the week with a positive note gaining around 5.30%.

Minor support for the commodity lies in the zone of around 399 to 400. Support for the commodity lies in the zone of 390 to 392 where Fibonacci level and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 382 to 384 from where the commodity broke out after consolidation.

The commodity has closed around the resistance zone of 408 to 409 where trend-line joining highs of 414.80 and 409.50 is lying. Resistance for the commodity lies in the zone of 414 to 416 where the commodity has made a high in the month of November-2016. If the commodity manages to close above these levels then the commodity can move to the levels of 422 to 425 where monthly Fibonacci levels are lying and from where the commodity sold off in the month of May-2015.

Broad range for the commodity in the coming week can be seen between 398 – 400 on downside and 418 – 420 on upside.

Silver Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Silver for the week (February 13, 2017 – February 17, 2017) :

SILVER:

 

SILVER 1

 

SILVER (42597) closed the week with a positive note gaining around 1.90%.

Minor support for the commodity lies in the zone of around 42000 to 42200 where Fibonacci levels are lying. Support for the commodity lies in the zone of 41400 to 41500 where the commodity has taken multiple support and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 40600 to 40700 where Fibonacci levels, short term moving averages and short term bottom is lying.

Minor resistance for the commodity lies in the zone of 42700 to 42800. Resistance for the commodity lies in the zone of 43500 to 43700 where Fibonacci levels is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 44400 to 44600 where Fibonacci levels and commodity sold off in the month of November-2016.

It seems the commodity is forming a Inverse Head & Shoulder pattern on daily basis where neck-line for the same lies in the zone of 42700 to 42800 levels. If the commodity manages to close above these levels for couple of days then target for the pattern can be in the range of 46000.

Broad range for the commodity in the coming week can be seen between 41200 – 41400 on downside and 43700 – 43900 on upside.

Gold Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Gold for the week (February 13, 2017 – February 17, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29173) closed the week with a positive note gaining around 0.35%.

Support for the commodity Gold lies in the zone of around 28850 to 28900 from where the commodity broke out and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28200 to 28300 where Fibonacci levels, short term moving averages and short term bottom is lying.

Minor resistance for the commodity lies in the zone of 29400 to 29450. Resistance for the commodity Gold lies in the zone of 29650 to 26750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 28500 – 28600 on downside and 29600 – 29700 on upside.

Colgate Palmolive Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week (February 13, 2017 – February 17, 2017) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on negative note losing around 1.30%.

As we have mentioned last week that minor support for the stock lies in the zone of 890 to 895. Support of the stock lies in the 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. During the week the stock manages to hit a low of 880 and close the week around the levels of 891.

Minor support for the stock lies in the zone of 890 to 895. Support of the stock lies in the 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.

Resistance for the stock lies in the zone of 915 to 920 where 200 Daily SMA and highs of January-2017 is lying. 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 860 to 865 on lower end and 930 to 940 on upper end.

Dabur Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for DABUR for the week (February 13, 2017 – February 17, 2017) :

DABUR:

 

DABUR

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 272 to 274. Resistance for the stock lies in the zone of 278 to 280 where Fibonacci level 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 284 to 286 where Fibonacci level and 200 Daily SMA is lying. During the week the stock manages to hit a high of 272 and close the week around the levels of 265.

Support for the stock lies in the zone of 265 to 267 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 259 to 260 where the stock has formed a bottom in the month of December-2016.

Minor resistance for the stock lies in the zone of 268 to 270. Resistance for the stock lies in the zone of 272 to 274 from where the stock broke down from consolidation. Resistance for the stock lies in the zone of 278 to 280 where Fibonacci level 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 284 to 286 where Fibonacci level and 200 Daily SMA is lying.

Broad range for the stock is seen between 258 to 260 on lower end and 272 to 274 on upper end.

Hindustan Unilever Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week (February 13, 2017 – February 17, 2017) :

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on positive note gaining around 0.10%.

As we have mentioned last week that resistance for the stock lies in the zone of 865 to 870 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 863 and close the week around the levels of 851.

Support for the stock lies in the zone of 840 to 845 from where the stock broke out 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 830 to 835 where Fibonacci level and short term moving averages are lying.

Resistance for the stock lies in the zone of 865 to 870 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 810 to 820 on downside and 870 to 880 on upside.

ITC Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for ITC for the week (February 13, 2017 – February 17, 2017) :

ITC:

 

ITC

 

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

As we have mentioned last week that support for the stock lies in the zone of 265 to 267 from where the stock broke out from the highs of September-2016. If the stock manages to close below these levels then the stock can drift to the levels of 255 to 260. During the week the stock manages to hit a low of 271 and close the week around the levels of 273.

Support for the stock lies in the zone of 265 to 267 from where the stock broke out from the highs of September-2016. If the stock manages to close below these levels then the stock can drift to the levels of 255 to 260.

Minor resistance for the stock lies in the zone of 276 to 278. The stock is trading at the life time highs so virtually no resistance is visible. Resistance for the stock lies in the zone of 280 to 282 where Fibonacci extension level is lying.

Broad range for the stock in coming week is seen between 265 to 267 on downside and 280 to 281 on upside.

Cipla Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Cipla for the week (February 13, 2017 – February 17, 2017) :

CIPLA:

 

CIPLA

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 590 to 595 from where the stock broke out from January-2017 highs. Support for the stock lies in the zone of 570 to 575 where short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 550 to 555 where 200 Daily SMA is lying. During the week the stock manages to hit a low of 577 and close the week around the levels of 580.

Support for the stock lies in the zone of 570 to 575 where short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 550 to 555 where 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 600 to 610 where the highs of October-2016 and September-2016 is lying. If the stock manages to close above these levels then the stock can move to the levels of 640 to 650 from where the stock sold off in the month of December-2015.

Broad range for the stock is seen in the range of 560 – 565 on downside to 600 – 605 on upside.

Dr. Reddy Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week (February 13, 2017 – February 17, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 5.40%.

As we have mentioned last week that resistance for the stock lies in the zone of 3200 to 3220 where the stock has formed a top in the month of January-2017 and Fibonacci level is lying. 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. During the week the stock manages to hit a high of 3177 and close the week around the levels of 2976.

Support for the stock lies in the zone of 2900 to 2930 from where the stock has bounced in the month of July-2016 and January-2017. If the stock manages to close below these levels then the stock can drift to the levels of 2820 to 2840 levels where the stock has taken multiple support in the month of February-2016 and May-2016.

Resistance for the stock lies in the zone of 3030 to 3050 from where the stock broke down on intraday basis. If the stock manages to close above these levels then the stock can move to the levels of 3100 to 3130 where 200 Daily SMA is lying.

Broad range for the stock is seen from 2850 – 2880 on downside to 3100 – 3130 on upside.

Lupin Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Lupin for the week (February 13, 2017 – February 17, 2017) :

LUPIN:

 

LUPIN

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 1461 and close the week around the levels of 1466.

Minor support for the stock lies in the zone of 1460 to 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 1500. 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 1410 – 1420 on downside & 1520 – 1530 on upside.

Sun Pharma Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Sun Pharma for the week (February 13, 2017 – February 17, 2017) :

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA 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 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 690 and close the week around the levels of 655.

Minor support for the stock lies in the zone of 645 to 650. Support for the stock lies in the zone of 620 to 625 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 600 to 610.

Minor resistance for the stock lies in the zone of 655 to 660. Resistance for the stock lies in the zone of 670 to 675 from where the stock sold off on 15/12/2016. If the stock manages to close above these levels then the stock can move to the levels of 690 to 700 from where the stock sold off on 07/12/2016.

Broad range for the stock in the coming week can be 630 – 635 on lower side & 680 – 685 on upper side.

Wipro Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Wipro for the week (February 13, 2017 – February 17, 2017) :

WIPRO:

 

WIPRO

 

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

As we have mentioned last week that support for the stock lies in the zone of 450 to 453 from where the stock has bounced couple of times in the month of December-2016. If the stock manages to close below these levels then the stock can drift to the levels of 430 to 435 where the stock has taken multiple support in the month of November-2016. During the week the stock manages to hit a low of 454 and close the week around the levels of 469.

Minor support for the stock lies in the zone of 460 to 463. Support for the stock lies in the zone of 450 to 453 from where the stock has bounced couple of times in the month of December-2016. If the stock manages to close below these levels then the stock can drift to the levels of 430 to 435 where the stock has taken multiple support in the month of November-2016.

Minor resistance for the stock lies in the zone of 465 to 470. 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 450 to 455 on downside & 490 to 495 on upside.

HCL Tech Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for HCL Tech for the week (February 13, 2017 – February 17, 2017) :

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on negative note losing around 0.30%.

As we have mentioned last week that support for the stock lies in the zone of 815 to 825 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 802 and close the week around the levels of 828.

Support for the stock lies in the zone of 815 to 825 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 840 to 845. 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 & 860 to 870 on upside.

TCS Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for TCS for the week (February 13, 2017 – February 17, 2017) :

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on positive note gaining around 7.40%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 2290 to 2310. 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. During the week the stock manages to hit a high of 2424 and close the week around the levels of 2398.

Minor support for the stock lies in the zone of 2330 to 2360. 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 2250 to 2280 on downside & 2520 to 2550 on upside.

Infosys Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Infosys for the week (February 13, 2017 – February 17, 2017) :

INFOSYS:

 

INFY

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 972 and close the week around the levels of 968.

Minor support for the stock lies in the zone of 950 to 955. Support for the stock lies in the zone of 935 to 940 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. The stock has taken multiple support around the levels of 900 to 910.

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 940 to 945 on downside & 1000 to 1020 on upside.

SBI Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for SBI for the week (February 13, 2017 – February 17, 2017) :

STATE BANK OF INDIA:

 

SBIN

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 274 to 275. Support for the stock lies in the zone of 269 to 271 from where the stock broke out of the inverse H & S pattern. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 262. During the week the stock manages to hit a low of 271 and close the week around the levels of 276.

Minor support for the stock lies in the zone of 274 to 275. Support for the stock lies in the zone of 269 to 271 from where the stock broke out of the inverse H & S pattern. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 262.

Resistance for the stock lies in the zone of 277 to 279 from where the stock sold off in the month of November-2016. If the stock manages to close above these levels then the stock can move to the levels of 290 to 292 where the stock has formed a top in the month of November-2016.

Broad range for the stock in the coming week can be 265 to 267 on lower side to 283 to 285 on upper side.

Axis Bank Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Axis Bank for the week (February 13, 2017 – February 17, 2017) :

AXIS BANK:

 

AXISBANK

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 480 to 482. Support for the stock lies in the zone of 460 to 465 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 440 to 445 where the stock has formed a short term bottom. During the week the stock manages to hit a low of 482 and close the week around the levels of 489.

Minor support for the stock lies in the zone of 480 to 482. Support for the stock lies in the zone of 460 to 465 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 440 to 445 where the stock has formed a short term bottom.

Minor resistance for the stock lies in the zone of 490 to 492. Resistance for the stock lies in the zone of 510 to 515 where the stock has formed a top in the month of November-2016 and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 534 to 536 where Fibonacci level is lying.

Broad range for the stock in the coming week can be 470 – 475 on lower side to 510 – 515 on upper side.

ICICI Bank Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for ICICI Bank for the week (February 13, 2017 – February 17, 2017) :

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on positive note gaining around 0.02%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 284 to 286. Resistance for the stock lies in the zone of 288 to 290 where trend-line joining highs of 393 and 298 is lying. If the stock manages to close above these levels then the stock can move to the levels of 298 to 300 where the stock top out in the month of November-2016. During the week the stock manages to hit a high of 292.70 and close the week around the levels of 282.

Minor support for the stock lies in the zone of 275 to 277. Support for the stock lies in the zone of 270 to 272 where Fibonacci level and Neck-line of Inverse H & S pattern is lying. If the stock manages to close below these levels then the stock can drift to the levels of 262 to 264 where medium term moving averages and Fibonacci level is lying.

Minor resistance for the stock lies in the zone of 284 to 286. Resistance for the stock lies in the zone of 288 to 290 where trend-line joining highs of 393 and 298 is lying. If the stock manages to close above these levels then the stock can move to the levels of 298 to 300 where the stock top out in the month of November-2016.

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 270 – 272 on lower side to 290 – 292 on upper side.

HDFC Bank Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for HDFC Bank for the week (February 13, 2017 – February 17, 2017) :

HDFC BANK:

 

HDFCBANK

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 1320 where the stock has formed a life time highs in the month of September-2016. If the stock manages to close above these levels then the stock will enter in un-chanted territory and virtually no resistance lies. During the week the stock manages to hit a high of 1320 and close the week around the levels of 1304.

Minor support for the stock lies in the zone of 1290 to 1295. Support for the stock lies in the zone of 1265 to 1275 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 1240 to 1250 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 1320 where the stock has formed a life time highs in the month of September-2016. If the stock manages to close above these levels then the stock will enter in un-chanted territory and virtually no resistance lies.

Broad range for the stock in the coming week can be 1280 on lower side to 1340 on upper side.

Nifty Realty Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for NIFTY REALTY for the week (February 13, 2017 – February 17, 2017) :

NIFTY REALTY:

 

NIFTYREALT

 

Nifty REALTY index closed the week on positive note gaining around 3.00%.

As we have mentioned last week that resistance for the index lies in the zone of 194 to 195 where the index has broken down from double bottom pattern and also gap has been created on gap down opening on 09-11-2016. If the index manages to close above these levels then the index can move to the levels of 205 to 210 from where the index sold off in the month of November-2016. During the week the index manages to hit a high of 197.85 and close the week around the levels of 196.

Minor support for the index lies in the zone of 192 to 193. Support for the index lies in the zone of 188 to 190 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 183 to 185 from where the index broke out from the January-2017 highs.

The index has closed around the resistance zone of 195 to 196 where the index has broken down from double bottom pattern and also gap has been created on gap down opening on 09-11-2016. If the index manages to close above these levels then the index can move to the levels of 205 to 210 from where the index sold off in the month of November-2016.

Broad range for the index is seen between 188 to 190 on downside to 203 to 205 on upside.

Nifty PSU Bank Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for NIFTY PSU BANK for the week (February 13, 2017 – February 17, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

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

As we have mentioned last week that minor support for the index lies in the zone of 3350 to 3370. Support for the index lies in the zone of 3250 to 3300 from where the index broke out from Inverse H & S pattern. If the index manages to close below these levels then the index can drift to the levels of 3130 to 3170 where medium term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 3350 and close the week around the levels of 3414.

Minor support for the index lies in the zone of 3350 to 3370. Support for the index lies in the zone of 3250 to 3300 from where the index broke out from Inverse H & S pattern. If the index manages to close below these levels then the index can drift to the levels of 3130 to 3170 where medium term moving averages and Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 3470 to 3500 where weekly Fibonacci levels are lying. Resistance for the index lies in the zone of 3750 to 3800 from where the index sold off in the month of April-2015 & August-2015. If the index manages to close above these levels then the index can move to the levels of 3950 to 4000.

Broad range for the index is seen between 3300 to 3330 on downside to 3500 to 3530 on upside.

Nifty Metal Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for NIFTY METAL for the week (February 13, 2017 – February 17, 2017) :

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week that minor support for the index lies in the zone of 3000 to 3050. Support for the index lies in the zone of 2850 to 2900 from where the index broke out from double top pattern. If the index manages to close below these levels then the index can drift to the levels of 2700 to 2750 where medium term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 3051 and close the week around the levels of 3075.

Minor support for the index lies in the zone of 3000 to 3050. Support for the index lies in the zone of 2850 to 2900 from where the index broke out from double top pattern. If the index manages to close below these levels then the index can drift to the levels of 2700 to 2750 where medium term moving averages and Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 3100 to 3120. Resistance for the index lies in the zone of 3180 to 3200. Resistance for the index lies in the zone of 3330 to 3370 from where the index sold off in the month of August-2014. If the index manages to close above these levels then the index can move to the levels of 3500 to 3550 where the index has formed a top in the month of June-2014.

Broad range for the index is seen between 2950 to 2970 on downside to 3180 to 3200 on upside.

Nifty Energy Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week (February 13, 2017 – February 17, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on negative note losing around 0.30%.

As we have mentioned last week that 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. During the week the index manages to hit a low of 10663 and close the week around the levels of 10677.

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. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10350 where short term moving averages and from where the index broke out from the October-2016 highs.

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 (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week (February 13, 2017 – February 17, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 0.12%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 10066 and close the week around the levels of 9987.

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 (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for NIFTY Pharma for the week (February 13, 2017 – February 17, 2017) :

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 1.10%.

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. Above these levels the index can move to the levels of 11000 to 11200 where 200 Daily SMA is lying. During the week the index manages to hit a high of 10809 and close the week around the levels of 10438.

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. Above these levels the index can move to the levels of 11000 to 11100 where 200 Daily SMA is lying.

Broad range for the index is seen from 10100 to 10200 on downside to 10900 to 11000 on upside.

Nifty FMCG Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week (February 13, 2017 – February 17, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 0.28%.

As we have mentioned last week that minor resistance for the index lies in the zone of 22800 to 22900. Resistance for the index lies in the zone of 23200 to 23300 where life time highs and trend-line joining earlier highs is lying. During the week the index manages to hit a high of 23602 and close the week around the levels of 22709.

Minor support for the index lies in the zone of 22300 to 22400 from where the index broke out on intraday basis. Support for the index lies in the zone of 21900 to 22000 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 21200 to 21300 where 200 Daily SMA is lying.

Minor resistance for the index lies in the zone of 22800 to 22900. Resistance for the index lies in the zone of 23200 to 23300 where life time highs and trend-line joining earlier highs is lying.

The index has formed a Shooting Star pattern on weekly basis. Every rise in the index will be sold off.

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

Nifty IT Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for NIFTY IT for the week (February 13, 2017 – February 17, 2017) :

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week that support for the index lies in the zone of 9900 to 10000 where 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 9955 and close the week around the levels of 10388.

Minor support for the index lies in the zone of 10250 to 10300. Support for the index lies in the zone of 9900 to 10000 where 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.

Resistance for the index lies in the zone of 10500 to 10600 from where the index has broken down from the double bottom pattern and 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where trend-line joining earlier highs is lying.

Broad range for the index in the coming week is seen from 10050 to 10150 on downside to 10550 to 10600 on upside.

Nifty Bank Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (February 13, 2017 – February 17, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 0.08%.

As we have mentioned last week that minor support for the index lies in the zone of 19800 to 19900. Support for the index lies in the zone of 19300 to 19400 from where the index broke out. 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. During the week the index manages to hit a low of 20000 and close the week around the levels of 20214.

Minor support for the index lies in the zone of 19900 to 20000. Support for the index lies in the zone of 19300 to 19400 from where the index broke out. 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 20600 to 20700 where the index was top out in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 20900 to 21000 where the index had made a life time highs.

Range for the week is seen from 19700 to 19800 on downside to 20600 to 20700 on upside.

Nifty Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Nifty for week (February 13, 2017 – February 17, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 8800 to 8820. Resistance for the index lies in the zone of 8900 to 8950 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9050 to 9100 where life time highs for the index is lying. During the week the index manages to hit a hit of 8822 and close the week around the levels of 8794.

Minor support for the index lies in the zone of 8680 to 8720. 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 8330 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.

Minor resistance for the index lies in the zone of 8800 to 8820. Resistance for the index lies in the zone of 8900 to 8950 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9050 to 9100 where life time highs for the index is lying.

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

MCX Tips for – Friday, February 10, 2017

Gold (29046): Analysis would remain same. Gold Future is still in positive trend and traders can hold long positions until Gold Future closes below 29046.17 levels. Traders can initiate fresh short positions if Gold Future closes below 29046.17 levels.

Silver (42031):  Analysis would remain same. Silver is still in positive zone and traders can buy at dips or hold long positions until Silver closes below 41783.67 levels. Traders can go short once Silver Future closes below 41783.67 levels.

Crude (3544): Analysis would remain same. Crude is still in negative trend but would enter into positive zone once it closes above 3568.78 levels. Traders should initiate fresh long positions once it closes above 3568.78 levels. For now traders can hold short position until Crude future closes above 3568.78 levels.

Natural Gas (209.20): Analysis would remain same. NG Future is still in negative zone. Now traders can hold short positions and short at every positive rally until NG Future closes above 212.90 levels. Traders can go long if Natural Gas Future closes above 212.90 levels.

Copper (390.60): Copper is trading into negative zone. Traders can hold Copper Future short positions or short at every positive rally until it closes above 399.70.

Zinc (188.75): Analysis would remain same. Zinc is still in positive trend and would enter into negative zone once it closes below 186.50 levels. Traders can go short only if Zinc closes below 186.50 levels, until then hold long positions.

Lead (155.75): Analysis would remain same. Lead is still in positive zone. Lead Future would enter into negative zone once it closes below 155.05 levels. Traders can initiate short positions only if Lead future closes below 155.05. Until then hold long positions.

Nickel (686.30):  Analysis would remain same. Nickel has entered into negative zone. Now traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 710.20 levels.

Aluminium (122.95):  Analysis would remain same. Aluminium is still in negative zone. Traders can hold short positions until Aluminium closes above 124.35 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.

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Share Market Tips for – Thursday, February 09, 2017

equitypandit_square

Market Still Positive, Hold Long Positions In BankNifty 

Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that market is still in positive zone and RBI Policy would decide further direction. EquityPandit also predicted that even if RBI announces no rate cut then also market would see just a temporary profit booking as street is already expecting no rate cut and exactly same happened. RBI announced no rate cut and BankNifty moved sharply negative but recovered smartly for the day as per EquityPandit’s predictions. Traders, who followed EquityPandit’s advice might have earned decent profits for the day. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market is still in positive zone. Now, all the events are gone that could hinder the market momentum. Indian Stock Market is still in positive momentum and we would see BankNifty moving further positive. BankNifty would see new highs in days to come if it manages to hold 20078 on closing basis. BankNifty would still be major driver for Nifty and traders are still suggested to hold long positions for now. Now, quarterly results would decide further market direction for next few days.

FIIs were net sellers of Rs.127.69 crores whereas DIIs were net sellers of Rs.166.82 crores in cash market for last trading session. Nifty would see strong support at 7840-8700-8688-8665 whereas strong resistance would be seen at 8830-8850-8900-8970 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: ABB India, Andhra Bank, Aurobindo Pharma, Bajaj Electricals, Bank Of India, Bata India, BPCL, Bombay Dyeing, Edelweiss Financial Services, Escorts, Gujarat Fluorochemicals, ICRA, JK Tyre, Lupin, NCC, Omaxe, OnMobile Global, Page Industries, Power Grid, Religare Enterprises, Shipping Corporation Of India, SAIL, TV Today Network, Torrent Pharma and Vardhman Textiles.

NSE Nifty: (8769) The support for the Nifty is 8740-8700-8688-8665 and the resistance to the up move is at 8830-8850-8900-8970 levels.

NSE BankNifty: (20245) The support for BankNifty is at 20165-20130-20000-19920 and the resistance to the up move is at 20380-20576-20610-20780 levels.

BSE Sensex: (28290) The support for the Sensex is at 28250-28183-28110-28000 and the resistance to the up move is at 28500-28660-28780-28888 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 – Wednesday, February 08, 2017

equitypandit_square

RBI Policy Would Decide Further Market Direction, Positive Rally If Any Rate Cut

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that some consolidation would be seen in the market ahead of RBI Policy day. EquityPandit also predicted that market would see profit booking as of now but traders to go long at dips. Indian Stock Market saw some profit booking but saw lows right near EquityPandit’s predicted support levels of 20285 for BankNifty like a dot. Sensex also saw strong support near EquityPandit’s predicted support levels of 28250. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open negative. Technically, Indian Stock Market is still in positive zone. Today is RBI Policy announcement. Further market direction would be dependent on Rate cut announcement. If no rate cut is seen, then market would see some temporary profit booking as street is already expecting no rate cut. But if rate cut comes, it would be a big surprise that would take BankNifty to new highs. Market would enter negative zone once it closes below 8704 for Nifty and 20078 for BankNifty. So traders can hold long positions with strict stoploss of 20078 on closing basis for BankNifty and 8704 on closing basis for Nifty. Once BankNifty closes below these levels, traders can initiate fresh short in the market. But holding long as of now with strict stoploss is the worth risk taking. Traders are also suggested to hedge the long positions until RBI Policy is announced.

FIIs were net buyers of Rs.201.13 crores whereas DIIs were net buyers of Rs.1620.03 crores in cash market for last trading session. Nifty would see strong support at 7840-8700-8688-8665 whereas strong resistance would be seen at 8830-8850-8900-8970 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: Bharat Forge, Birla Corporation, Cipla, City Union Bank, Coffee Day Enterprises, eClerx Services, Hathway Cable, Hero Motocorp, Indraprastha Gas, Desoram Industries, Manappuram Finance, NTPC, Oracle Financial Services software, Polaris Consulting, Rattanindia Power, Reliance Power, Siemens, Sobha Ltd. Tata Chemicals, Thermax, Triveni Turbine, Union Bank of India and United Breweries.

NSE Nifty: (8768) The support for the Nifty is 8740-8700-8688-8665 and the resistance to the up move is at 8830-8850-8900-8970 levels.

NSE BankNifty: (20327) The support for BankNifty is at 20285-20165-20130 and the resistance to the up move is at 20576-20610-20780-20900 levels.

BSE Sensex: (28330) The support for the Sensex is at 28250-28183-28110-28000 and the resistance to the up move is at 28500-28660-28780-28888 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, February 07, 2017

equitypandit_square

Some Consolidation To Be Seen Ahead Of RBI Policy Day, Go Long At Dips

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that market is still in positive momentum and traders should hold long positions as of now. EquityPandit also predicted that Nifty would achieve Targets of 8800 and exactly same happened. Market moved sharply positive. Market almost achieved EquityPandit’s second target of 8820 levels for Nifty and 20500 for BankNifty. Traders, who followed EquityPandit’s advice might have earned whopping profits for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone. Market would consolidate and wait for the next trigger i.e. RBI Policy, that would be disclosed tomorrow. Some Profit booking can’t be ruled out at this point of time. BankNifty is near its last resistance of 20575 levels and once it closes above those levels, there is no looking back as it would confirm an Inverse Head and Shoulder pattern that would force BankNifty to see lifetime highs and even breach those levels with sharp positive momentum. This trigger would be seen if RBI see rate cut tomorrow. Overall, market is positive and traders should continue to hold long positions for now. Few Indian coporate major would disclose their results today and that would affect Indian Stock Market direction for today.

FIIs were net sellers of Rs.403.52 crores whereas DIIs were net buyers of Rs.449.52 crores in cash market for last trading session. Nifty would see strong support at 8774-8700-8688-8665 whereas strong resistance would be seen at 8830-8850-8900-8970 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

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Important Results To Be Disclosed Today: BF Utilities, BHEL, Blue Dart, CEAT, Cera Sanityware, Dhanuka Agritech, EID Parry, Gati, Gillette India, GMDC, Hexaware, IDBI Bank, Jubilant Life Sciences, Mangalore Refinery and Petrochemicals, Minda Industries, NHPC, PNB, Ramco Systems, Tata Steel, Ramco Cements and Titan.

NSE Nifty: (8801) The support for the Nifty is 8774-8700-8688-8665 and the resistance to the up move is at 8830-8850-8900-8970 levels.

NSE BankNifty: (20372) The support for BankNifty is at 20330-20285-20165-20130 and the resistance to the up move is at 20576-20610-20780-20900 levels.

BSE Sensex: (28439) The support for the Sensex is at 28312-28250-28183-28110 and the resistance to the up move is at 28500-28660-28780-28888 levels.

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Share Market Tips for – Monday, February 06, 2017

equitypandit_square

Market In Positive Momentum, Hold Long Positions For Now

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that market is in positive trend and traders should go long at every dip in the market. EquityPandit also predicted that BankNifty is in strong positive momentum and would drive Nifty higher and same happened. Indian Stock Market moved positive. BankNifty was the major driver for Nifty and moved sharply positive. Sensex saw highs right near EquityPandit predicted resistance levels of 28294. 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 positive. Technically, analysis would remain same and Indian STock Market is still in positive zone. Traders should hold long positions as of now. Now, next target for Nifty is 8800-8820 levels. Nifty may see strong support at 8700 levels and is headed towards 8900-9000 levels. BankNifty is still in positive momentum and traders can hold BankNifty for the targets of 20500 levels in days to come. Market would see reversal if it closes below 8640 for Nifty and 19827 for BankNifty, until then every downtrend is an opportunity for traders to go long in the market. Overall, Market is positive and all trades should be in positive direction. RBI Policy would be disclosed on Wednesday that would further direct the market.

FIIs were net buyers of Rs.353.84 crores whereas DIIs were net sellers of Rs.42.53 crores in cash market for last trading session. Nifty would see strong support at 8697-8675-8615-8600-8570 whereas strong resistance would be seen at 8775-8800-8830-8885 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: Aarti Industries, Abbott India, Gujarat Gas, GSPL, Honeywell Automation, Jubilant Foodworks, Marksans Pharma, Titagarh Wagons Ltd. and Tube Invesments.

NSE Nifty: (8741) The support for the Nifty is 8697-8675-8615-8600-8570 and the resistance to the up move is at 8775-8800-8830-8885 levels.

NSE BankNifty: (20197) The support for BankNifty is at 20000-19916-19835-19760 and the resistance to the up move is at 20270-20380-20576 levels.

BSE Sensex: (28241) The support for the Sensex is at 28110-28050-27950-27870-27736 and the resistance to the up move is at 28294-28340-28500-28698 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 (February 06, 2017 – February 10, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week (February 06, 2017 – February 10, 2017) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on positive note gaining around 2.70%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 861 and close the week around the levels of 903.

Minor support for the stock lies in the zone of 890 to 895. Support of the stock lies in the 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.

Resistance for the stock lies in the zone of 915 to 920 where 200 Daily SMA and highs of January-2017 is lying. 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 880 to 885 on lower end and 930 to 940 on upper end.

Dabur Outlook for the Week (February 06, 2017 – February 10, 2017)

EquityPandit’s Outlook for DABUR for the week (February 06, 2017 – February 10, 2017) :

DABUR:

 

DABUR

 

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

As we have mentioned last week that support for the stock lies in the zone of 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 267 and close the week around the levels of 268.

Support for the stock lies in the zone of 265 to 267 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 259 to 260 where the stock has formed a bottom in the month of December-2016.

Minor resistance for the stock lies in the zone of 272 to 274. Resistance for the stock lies in the zone of 278 to 280 where Fibonacci level 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 284 to 286 where Fibonacci level and 200 Daily SMA is lying.

Broad range for the stock is seen between 260 to 262 on lower end and 278 to 280 on upper end.

Hindustan Unilever Outlook for the Week (February 06, 2017 – February 10, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week (February 06, 2017 – February 10, 2017) :

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

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

As we have mentioned last week that support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 839 and close the week around the levels of 850.

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 865 to 870 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 (February 06, 2017 – February 10, 2017)

EquityPandit’s Outlook for ITC for the week (February 06, 2017 – February 10, 2017) :

ITC:

 

ITC

 

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

As we have mentioned last week that support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 255 and close the week around the levels of 273.

Support for the stock lies in the zone of 265 to 267 from where the stock broke out from the highs of September-2016. If the stock manages to close below these levels then the stock can drift to the levels of 255 to 260.

Minor resistance for the stock lies in the zone of 276 to 278. The stock is trading at the life time highs so virtually no resistance is visible. Resistance for the stock lies in the zone of 280 to 282 where Fibonacci extension level is lying.

Broad range for the stock in coming week is seen between 265 to 267 on downside and 280 to 281 on upside.

Cipla Outlook for the Week (February 06, 2017 – February 10, 2017)

EquityPandit’s Outlook for Cipla for the week (February 06, 2017 – February 10, 2017) :

CIPLA:

 

CIPLA

 

CIPLA closed the week on positive note gaining around 4.80%.

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 611 and close the week around the levels of 608.

Minor support for the stock lies in the zone of 590 to 595 from where the stock broke out from January-2017 highs. Support for the stock lies in the zone of 570 to 575 where short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 550 to 555 where 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 600 to 610 where the highs of October-2016 and September-2016 is lying. If the stock manages to close above these levels then the stock can move to the levels of 640 to 650 from where the stock sold off in the month of December-2015.

Broad range for the stock is seen in the range of 580 – 585 on downside to 630 – 635 on upside.

Dr. Reddy Outlook for the Week (February 06, 2017 – February 10, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week (February 06, 2017 – February 10, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 5.00%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 2944 and close the week around the levels of 3145.

Support for the stock lies in the zone of 3080 to 3110 where Fibonacci level and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 3020 to 3050 where Fibonacci level and also the stock has broken out on intraday basis.

Resistance for the stock lies in the zone of 3200 to 3220 where the stock has formed a top in the month of January-2017 and Fibonacci level is lying. 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 3000 – 3050 on downside to 3250 – 3300 on upside.

Lupin Outlook for the Week (February 06, 2017 – February 10, 2017)

EquityPandit’s Outlook for Lupin for the week (February 06, 2017 – February 10, 2017) :

LUPIN:

 

LUPIN

 

Lupin closed the week on absolutely flat note.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 1436 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 (February 06, 2017 – February 10, 2017)

EquityPandit’s Outlook for Sun Pharma for the week (February 06, 2017 – February 10, 2017) :

SUN PHARMA:

 

SUNPHARMA

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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 647.

Minor support for the stock lies in the zone of 635 to 640. Support for the stock lies in the zone of 620 to 625 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 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 670 – 675 on upper side.

Wipro Outlook for the Week (February 06, 2017 – February 10, 2017)

EquityPandit’s Outlook for Wipro for the week (February 06, 2017 – February 10, 2017) :

WIPRO:

 

WIPRO

 

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

As we have mentioned last week that support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 446 and close the week around the levels of 458.

Support for the stock lies in the zone of 450 to 453 from where the stock has bounced couple of times in the month of December-2016. If the stock manages to close below these levels then the stock can drift to the levels of 430 to 435 where the stock has taken multiple support in the month of November-2016.

Minor resistance for the stock lies in the zone of 465 to 470. 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 440 to 445 on downside to 480 to 485 on upside.

HCL Tech Outlook for the Week (February 06, 2017 – February 10, 2017)

EquityPandit’s Outlook for HCL Tech for the week (February 06, 2017 – February 10, 2017) :

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on negative note losing around 1.60%.

As we have mentioned last week that support for the stock lies in the zone of 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 779 and close the week around the levels of 831.

Support for the stock lies in the zone of 815 to 825 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 840 to 845. 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 860 to 870 on upside.

TCS Outlook for the Week (February 06, 2017 – February 10, 2017)

EquityPandit’s Outlook for TCS for the week (February 06, 2017 – February 10, 2017) :

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on negative note losing around 5.30%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 2153 and close the week around the levels of 2233.

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.

Minor resistance for the stock lies in the zone of 2290 to 2310. 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 2150 to 2180 on downside to 2320 to 2350 on upside.

Infosys Outlook for the Week (February 06, 2017 – February 10, 2017)

EquityPandit’s Outlook for Infosys for the week (February 06, 2017 – February 10, 2017) :

INFOSYS:

 

INFY

 

INFY 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 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. During the week the stock manages to hit a low of 904 and close the week around the levels of 936.

Support for the stock lies in the zone of 935 to 940 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. The stock has taken multiple support around the levels of 900 to 910.

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 (February 06, 2017 – February 10, 2017)

EquityPandit’s Outlook for SBI for the week (February 06, 2017 – February 10, 2017) :

STATE BANK OF INDIA:

 

SBIN

 

SBIN closed the week on positive note gaining around 4.20%.

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 278.55 and close the week around the levels of 276.

Minor support for the stock lies in the zone of 274 to 275. Support for the stock lies in the zone of 269 to 271 from where the stock broke out of the inverse H & S pattern. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 262.

Resistance for the stock lies in the zone of 277 to 279 from where the stock sold off in the month of November-2016. If the stock manages to close above these levels then the stock can move to the levels of 290 to 292 where the stock has formed a top in the month of November-2016.

Broad range for the stock in the coming week can be 268 to 270 on lower side to 290 to 292 on upper side.

Axis Bank Outlook for the Week (February 06, 2017 – February 10, 2017)

EquityPandit’s Outlook for Axis Bank for the week (February 06, 2017 – February 10, 2017) :

AXIS BANK:

 

AXISBANK

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a low of 460 and close the week around the levels of 491.

Minor support for the stock lies in the zone of 480 to 482. Support for the stock lies in the zone of 460 to 465 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 440 to 445 where the stock has formed a short term bottom.

Minor resistance for the stock lies in the zone of 490 to 492. Resistance for the stock lies in the zone of 510 to 515 where the stock has formed a top in the month of November-2016 and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 534 to 536 where Fibonacci level is lying.

Broad range for the stock in the coming week can be 470 – 475 on lower side to 510 – 515 on upper side.

ICICI Bank Outlook for the Week (February 06, 2017 – February 10, 2017)

EquityPandit’s Outlook for ICICI Bank for the week (February 06, 2017 – February 10, 2017) :

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on positive note gaining around 3.50%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 263 and close the week around the levels of 282.

Minor support for the stock lies in the zone of 275 to 277. Support for the stock lies in the zone of 270 to 272 where Fibonacci level and Neck-line of Inverse H & S pattern is lying. If the stock manages to close below these levels then the stock can drift to the levels of 262 to 264 where medium term moving averages and Fibonacci level is lying.

Minor resistance for the stock lies in the zone of 284 to 286. Resistance for the stock lies in the zone of 288 to 290 where trend-line joining highs of 393 and 298 is lying. If the stock manages to close above these levels then the stock can move to the levels of 298 to 300 where the stock top out in the month of November-2016.

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 270 – 272 on lower side to 290 – 292 on upper side.

HDFC Bank Outlook for the Week (February 06, 2017 – February 10, 2017)

EquityPandit’s Outlook for HDFC Bank for the week (February 06, 2017 – February 10, 2017) :

HDFC BANK:

 

HDFCBANK

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 1316 and close the week around the levels of 1311.

Minor support for the stock lies in the zone of 1290 to 1295. Support for the stock lies in the zone of 1265 to 1275 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 1240 to 1250 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 1320 where the stock has formed a life time highs in the month of September-2016. If the stock manages to close above these levels then the stock will enter in un-chanted territory and virtually no resistance lies.

Broad range for the stock in the coming week can be 1280 on lower side to 1340 on upper side.

Nifty Realty Outlook for the Week (February 06, 2017 – February 10, 2017)

EquityPandit’s Outlook for NIFTY REALTY for the week (February 06, 2017 – February 10, 2017) :

NIFTY REALTY:

 

NIFTYREALT

 

Nifty REALTY index closed the week on positive note gaining around 5.00%.

Minor support for the index lies in the zone of 186 to 188. Support for the index lies in the zone of 183 to 185 from where the index broke out from double top pattern. If the index manages to close below these levels then the index can drift to the levels of 174 to 176 where the index has taken multiple support in the month of January-2017.

Resistance for the index lies in the zone of 194 to 195 where the index has broken down from double bottom pattern and also gap has been created on gap down opening on 09-11-2016. If the index manages to close above these levels then the index can move to the levels of 205 to 210 from where the index sold off in the month of November-2016.

Broad range for the index is seen between 180 to 181 on downside to 200 to 201 on upside.

Nifty PSU Bank Outlook for the Week (February 06, 2017 – February 10, 2017)

EquityPandit’s Outlook for NIFTY PSU BANK for the week (February 06, 2017 – February 10, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on positive note gaining around 6.50%.

Minor support for the index lies in the zone of 3350 to 3370. Support for the index lies in the zone of 3250 to 3300 from where the index broke out from Inverse H & S pattern. If the index manages to close below these levels then the index can drift to the levels of 3130 to 3170 where medium term moving averages and Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 3470 to 3500 where weekly Fibonacci levels are lying. Resistance for the index lies in the zone of 3750 to 3800 from where the index sold off in the month of April-2015 & August-2015. If the index manages to close above these levels then the index can move to the levels of 3950 to 4000.

Broad range for the index is seen between 3250 to 3280 on downside to 3600 to 3630 on upside.