Nifty Media Outlook for the Week (April 03, 2017 – April 07, 2017)

EquityPandit’s Outlook for NIFTY MEDIA for the week  (April 03, 2017 – April 07, 2017) :

NIFTY MEDIA:

 

NIFTYMEDIA

 

Nifty Media index closed the week on positive note gaining around 2.70%.

As we have mentioned last week that support for the index lies in the zone of 3030 to 3050 from where the index broke out of the February-2017 highs. Support for the index lies in the zone of 2975 to 3000 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 2920 to 2940 where the index has taken multiple support. During the week the index manages to hit a low of 3077 and close the week around the levels of 3174.

Support for the index lies in the zone of 3140 to 3150 from where the index broke out of the October-2016 highs. Support for the index lies in the zone of 3100 to 3110 from where the index broke out after consolidation. If the index manages to close below these levels then the index can drift to the levels of 3040 to 3060 where the index has taken multiple support and index broke out of February-2017 highs.

The index is trading at all time highs so virtually no resistance is visible. Resistance for the index lies in the zone of 3200 to 3230. If the index manages to close above these levels then the index can move to the levels of 3310 to 3320 where Fibonacci extension is lying.

Broad range for the index is seen between 3080 to 3100 on downside & 3280 to 3300 on upside.

Nifty Realty Outlook for the Week (April 03, 2017 – April 07, 2017)

EquityPandit’s Outlook for NIFTY REALTY for the week  (April 03, 2017 – April 07, 2017) :

NIFTY REALTY:

 

NIFTYREALT

 

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

As we have mentioned last week that resistance for the index lies in the zone of 216 to 218 where the index has formed a top in the month of August-2016 and September-2016. If the index manages to close above these levels for couple of days then the index will break out after One and half year. The index can move to the levels of 235 where long term Fibonacci level is lying. During the week the index manages to hit a high of 217.50 and close the week around the levels of 215.

Minor support for the index lies in the zone of 212 to 213. Support for the index lies in the zone of 207 to 208 from where the index broke out. If the index manages to close below these levels then the index can drift to the levels of 199 to 200 from where the index broke out of February-2017 highs..

Resistance for the index lies in the zone of 216 to 218 where the index has formed a top in the month of August-2016 and September-2016. If the index manages to close above these levels for couple of days then the index will break out after One and half year. The index can move to the levels of 235 where long term Fibonacci level is lying.

Broad range for the index is seen between 208 to 210 on downside & 220 to 222 on upside.

Nifty PSU Bank Outlook for the Week (April 03, 2017 – April 07, 2017)

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (April 03, 2017 – April 07, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on positive note gaining around 5.00%.

As we have mentioned last week that minor support for the index lies in the zone of 3280 to 3300. Support for the index lies in the zone of 3180 to 3210 where short & medium term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3030 to 3050 where 200 Daily SMA and break out levels are lying. During the week the index manages to hit a low of 3346 and close the week around the levels of 3527.

Support for the index lies in the zone of 3480 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 3400 to 3420 from where the index broke out.

Minor resistance for the index lies in the zone of 3580 to 3620. 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.

Broad range for the index is seen between 3400 to 3430 on downside & 3620 to 3650 on upside.

Nifty Metal Outlook for the Week (April 03, 2017 – April 07, 2017)

EquityPandit’s Outlook for NIFTY METAL for the week  (April 03, 2017 – April 07, 2017) :

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week that minor support for the index lies in the zone of 3080 to 3100. Support for the index lies in the zone of 2990 to 3020 where bottom for the month of February-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of 2890 to 2910 from where the index broke out from November-2016 and December-2016 highs. During the week the index manages to hit a low of 3035 and close the week around the levels of 3097.

Minor support for the index lies in the zone of 3050 to 3060. Support for the index lies in the zone of 2990 to 3020 where bottom for the month of February-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of 2890 to 2910 from where the index broke out from November-2016 and December-2016 highs.

Minor resistance for the index lies in the zone of 3110 to 3120. Resistance for the index lies in the zone of 3150 to 3180 from where the index broke down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 3220 to 3250.

Broad range for the index is seen between 3000 to 3030 on downside & 3170 to 3200 on upside.

Nifty Energy Outlook for the Week (April 03, 2017 – April 07, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (April 03, 2017 – April 07, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

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

As we have mentioned last week that minor support for the index lies in the zone of 11400 to 11450. Support for the index lies in the zone of 11150 to 11200 where the index has taken multiple support in the month of March-2017. If the index manages to close below these levels then the index can drift to the levels of 10800 to 10900 from where the index broke out of January-2017 highs. During the week the index manages to hit a low of 11251 and close the week around the levels of 11649.

Minor support for the index lies in the zone of 11580 to 11600. Support for the index lies in the zone of 11450 to 11500 from where the index has broken out after consolidation. If the index manages to close below these levels then the index can drift to the levels of 11100 to 11200 where the index has taken multiple support in the month of March-2017.

Resistance for the index lies in the zone of 11750 to 11800. If the index manages to close above these levels then the index can move to the levels of 12050 to 12150 where Fibonacci extension is lying.

Broad range for the index is seen between 11350 to 11400 on downside & 11900 to 12000 on upside.

Nifty Auto Outlook for the Week (April 03, 2017 – April 07, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (April 03, 2017 – April 07, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on absolutely flat note.

As we have mentioned last week that support for the index lies in the zone of 9800 to 9820 where the index has opened gap up. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9650 where Fibonacci level is lying. During the week the index manages to hit a low of 9795 and close the week around the levels of 9880.

Support for the index lies in the zone of 9800 to 9820 where the index has opened gap up. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9650 where Fibonacci level is lying.

Minor resistance for the index lies in the zone of 9920 to 9960. Resistance for the index lies in the zone of 10000 to 10100 from where the index sold off in the month of November-2016 and February-2017. 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 9600 to 9650 on downside & 10000 to 10050 on upside.

Nifty Pharma Outlook for the Week (April 03, 2017 – April 07, 2017)

EquityPandit’s Outlook for NIFTY Pharma for the week  (April 03, 2017 – April 07, 2017) :

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 1.40%.

As we have mentioned last week that minor support for the index lies in the zone of 10500 to 10550. Support for the index lies in the zone of 10250 to 10350 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. During the week the index manages to hit a low of 10389 and close the week around the levels of 10411.

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.

Minor resistance for the index lies in the zone of 10500 to 10550. Resistance for the index lies in the zone of 10620 to 10680 where Fibonacci level is lying. If the index manages to close above these levels then the index can move to the levels of 10750 to 10850 where highs for the month of February-2017 is lying.

Broad range for the index is seen from 10100 to 10150 on downside & 10600 to 10650 on upside.

Nifty FMCG Outlook for the Week (April 03, 2017 – April 07, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (April 03, 2017 – April 07, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

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

As we have mentioned last week that minor support for the index lies in the zone of 23200 to 23300. Support for the index lies in the zone of 22900 to 23000 from where the index opened gap up. If the index manages to close below these levels then the index can drift to the levels of 22300 to 22500 where the index has taken multiple support. During the week the index manages to hit a low of 23252 and close the week around the levels of 23542.

Minor support for the index lies in the zone of 23200 to 23300. Support for the index lies in the zone of 22900 to 23000 from where the index opened gap up. If the index manages to close below these levels then the index can drift to the levels of 22300 to 22500 where the index has taken multiple support.

Minor resistance for the index lies in the zone of 23600 to 23650. Resistance for the index lies in the zone of 23850 to 23950 where the index has posted a life time highs. If the index manages to close above these levels then the index can move to the levels of 24350 to 24500.

Broad range for the index in the coming week is seen from 22500 to 22600 on downside & 24400 to 24500 on upside.

Nifty IT Outlook for the Week (April 03, 2017 – April 07, 2017)

EquityPandit’s Outlook for NIFTY IT for the week  (April 03, 2017 – April 07, 2017) :

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 0.60%.

As we have mentioned last week that support for the index lies in the zone of 10650 to 10680 where the index has taken multiple support. 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 has broken out from the double top pattern, Fibonacci level and 200 Daily SMA is lying. During the week the index manages to hit a low of 10631 and close the week around the levels of 10703.

Support for the index lies in the zone of 10650 to 10680 where the index has taken multiple support. If the index manages to close below these levels then the index can drift to the levels of 10470 to 10520 from where the index has broken out from the double top pattern, Fibonacci level and 200 Daily SMA is lying.

Minor resistance for the index lies in the zone of 10800 to 10900. Resistance for the index lies in the zone of 11000 to 11050 where long term Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11300 from where the index broke down in the month of August-2016.

Broad range for the index in the coming week is seen from 10400 to 10450 on downside & 11000 to 11050 on upside.

Nifty Bank Outlook for the Week (April 03, 2017 – April 07, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (April 03, 2017 – April 07, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed 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 21275 to 21350 where the index is facing resistance. If the index manages to close above these levels for couple of days then the index can move to the levels of 21700 to 21800. During the week the index manages to hit a high of 21696 and close the week around the levels of 21444.

Minor support for the index lies in the zone of 21275 to 21350. Support for the index lies in the zone of 20900 to 21000 from where the index broke out of February-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 20500 to 20600 where the index has taken multiple support.

Resistance for the index lies in the zone of 21700 to 21800 where the index has formed a top in the month of March-2017. If the index manages to close above these levels then the index can move to the levels of 22100 to 22200 where Fibonacci extension is lying.

Range for the week is seen from 21000 to 21100 on downside & 22000 to 22100 on upside.

Nifty Outlook for the Week (April 03, 2017 – April 07, 2017)

Equityandit’s Outlook for Nifty for week (April 03, 2017 – April 07, 2017):

NIFTY:

 

NIFTY

 

Nifty 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 9150 to 9180. Resistance for the index lies in the zone of 9220 to 9250 where the index has formed a short term top. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying. During the week the index manages to hit a high of 9192 and close the week around the levels of 9169.

Minor support for the index lies in the zone of 9100 to 9130. Support for the index lies in the zone of 9020 to 9050 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 8930 to 8970 where the index has formed a gap on gap up opening.

Minor resistance for the index lies in the zone of 9150 to 9180. Resistance for the index lies in the zone of 9220 to 9250 where the index has formed a top in the month of March-2017. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying.

Broad range for the week is seen from 9000 on downside & 9400 on upside.

MCX Tips for – Friday, March 31, 2017

Gold (28542): Gold Future has entered into negative zone and traders can hold short positions until Gold Future closes above 28810 levels. Traders can initiate short positions on every rise until Gold Future closes above 28810 levels.

Silver (42147):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 41760 levels. Traders can go short once Silver Future closes below 41760 levels.

Crude (3269): Crude is trading into positive zone. Traders should initiate long positions on every dip. For now traders can hold long position until Crude future closes below 3176 levels.

Natural Gas (207.20): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every negative rally until NG Future closes below 202.65 levels. Traders can go short if Natural Gas Future closes below 202.65 levels.

Copper (383.80): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes below 378.40.

Zinc (183.50): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc is trading above 180.30 levels. Traders can go short only it Zinc closes below 180.30 levels.

Lead (149.95): Lead is trading into negative zone. Lead Future would enter into positive zone once it closes above 153.85 levels. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading above 153.85 levels.

Nickel (646.20):  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 634.55 levels.

Aluminium (126.95):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 125.40 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

MCX Tips for – Thursday, March 30, 2017

Gold (28703): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28618 levels. Traders can initiate long positions on every dip until Gold Future closes below 28618 levels.

Silver (42283):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 41741 levels. Traders can go short once Silver Future closes below 41741 levels.

Crude (3211): Crude has entered into positive zone. Traders should initiate long positions on every dip. For now traders can hold long position until Crude future closes below 3122 levels.

Natural Gas (210.70): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every negative rally until NG Future closes below 202.65 levels. Traders can go short if Natural Gas Future closes below 202.65 levels.

Copper (384.05): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes below 377.60.

Zinc (184.50): Zinc has entered into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc is trading above 179.20 levels. Traders can go short only it Zinc closes below 179.20 levels.

Lead (151.40): Lead is trading into negative zone. Lead Future would enter into positive zone once it closes above 153.85 levels. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading above 153.85 levels.

Nickel (646.20):  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 633.95 levels.

Aluminium (126.25):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 124.55 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

MCX Tips for – Wednesday, March 29, 2017

Gold (28848): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28618 levels. Traders can initiate long positions on every dip until Gold Future closes below 28618 levels.

Silver (42388):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 41716 levels. Traders can go short once Silver Future closes below 41716 levels.

Crude (3167): 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 3183 levels.

Natural Gas (201.50): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every negative rally until NG Future closes below 196.20 levels. Traders can go short if Natural Gas Future closes below 196.20 levels.

Copper (385.15): Copper has entered into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes below 374.90.

Zinc (182.80): Zinc is trading into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc is trading below 184.15 levels. Traders can go long only it Zinc closes above 184.15 levels.

Lead (151.35): Lead is trading into negative zone. Lead Future would enter into positive zone once it closes above 153.85 levels. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading above 153.85 levels.

Nickel (648.10):  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 627.55 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 124.30 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, March 29, 2017

equitypandit_square

Market In Positive Momentum, Hold Long Positions Or Buy At Dips

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that BankNifty is in positive zone and we would see short covering rally for the day. EquityPandit also suggested traders to go long in Nifty until it holds 9020 levels and exactly same happened. Indian Stock Market moved sharply positive for the day. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open positive. Technically, BankNifty is already in positive zone and Nifty would also enter into positive zone once it closes above 9123. Indian Stock Market is in positive momentum and we may see further positive rally. We may see some huge volatility on the day ahead of F&O Expiry but market would be considered positive. Once Market manages to breach 9150 levels for Nifty and 21300 levels for BankNifty then we would see new record highs for the targets of 9300 for Nifty and 21500 for BankNifty. Traders should hold long positions as of now and should consider going long at dips.

FIIs were net buyers of Rs.6415.38 crores whereas DIIs were net buyers of Rs.356.23 crores in cash market for last trading session. Nifty would see strong support at 9080-9045-9020-8997 whereas strong resistance would be seen at 9130-9150-9180-9220 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: (9101) The support for the Nifty is 9080-9045-9020-8997 and the resistance to the up move is at 9130-9150-9180-9220 levels.

NSE BankNifty: (21225) The support for BankNifty is at 21150-21060-20930-20845 and the resistance to the up move is at 21285-21336-21500-21660 levels.

BSE Sensex: (29410) The support for the Sensex is at 29300-29200-29145-29060 and the resistance to the up move is at 29485-29585-29660 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, March 28, 2017

Gold (28807): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28618 levels. Traders can initiate long positions on every dip until Gold Future closes below 28618 levels.

Silver (42122):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 41417 levels. Traders can go short once Silver Future closes below 41417 levels.

Crude (3112): 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 3183 levels.

Natural Gas (200.00): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every negative rally until NG Future closes below 196.20 levels. Traders can go short if Natural Gas Future closes below 196.20 levels.

Copper (378.95): 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 381.70.

Zinc (179.60): Zinc has entered into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc is trading below 184.15 levels. Traders can go long only it Zinc closes above 184.15 levels.

Lead (149.10): Lead has entered into negative zone. Lead Future would enter into positive zone once it closes above 153.85 levels. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading above 153.85 levels.

Nickel (637.10):  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 645.60 levels.

Aluminium (125.10):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 124.30 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, March 28, 2017

equitypandit_square

Market In Consolidation Range, Go Long Until Nifty Closes Below 9020

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with negative bias for the day. EquityPandit predicted that BankNifty has entered positive zone but bulls are loosing momentum that may result in some profit booking and exactly same happened. Indian Stock Market remained rangebound for the day. Nifty fell down sharply to see lows right near EquityPandit’s predicted support levels of 9020 like a dot. Finally, Indian Stock Market recovered from day lows but closed negative for the day. Nifty closed right at EquityPandit’s predicted support levels of 9045 like a dot.

Today: Indian Stock Market would open positive. Technically, Nifty is still in negative zone but BankNifty is in positive zone. We may see some short covering rally for the day. Nifty possess strong support at 9020 on closing basis. Closing below 9020 would force Nifty to see sharp downfall but until Nifty holds 9020, there is strong chances of sharp bounce in the market. Once Nifty closes above 9123 levels, market would move towards new highs but until then sideways movement would be seen. Traders can go long at dips until Nifty holds 9020 on closing basis.

FIIs were net buyers of Rs.577.88 crores whereas DIIs were net sellers of Rs.594.48 crores in cash market for last trading session. Nifty would see strong support at 9045-9020-8997-8970 whereas strong resistance would be seen at 9097-9130-9150-9180 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: (9045) The support for the Nifty is 9045-9020-8997-8970 and the resistance to the up move is at 9097-9130-9150-9180 levels.

NSE BankNifty: (21057) The support for BankNifty is at 20930-20845-20780 and the resistance to the up move is at 21180-21220-21285-21336-21500 levels.

BSE Sensex: (29237) The support for the Sensex is at 29200-29145-29060-29000 and the resistance to the up move is at 29380-29485-29585-29660 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, March 27, 2017

Gold (28793): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28618 levels. Traders can initiate long positions on every dip until Gold Future closes below 28618 levels.

Silver (41530):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 40948 levels. Traders can go short once Silver Future closes below 40948 levels.

Crude (3142): 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 3211 levels.

Natural Gas (200.30): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every negative rally until NG Future closes below 194.25 levels. Traders can go short if Natural Gas Future closes below 194.25 levels.

Copper (380.75): 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 385.55.

Zinc (184.35): Zinc is trading into positive zone. Traders can hold long position or can initiate long position on every dip until Zinc is trading below 183.30 levels. Traders can go short only it Zinc closes below 183.30 levels.

Lead (153.25): Lead is trading into positive zone. Lead Future would enter into negative zone once it closes below 150.45 levels. Traders can hold long positions or can initiate fresh long position on every dip until Lead is trading above 150.45 levels.

Nickel (644.30):  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 659.50 levels.

Aluminium (126.15):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 124.30 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.

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Share Market Tips for – Monday, March 27, 2017

equitypandit_square

BankNifty Entered Positive Zone But Bulls Are Loosing Momentum

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that further short covering can be seen but Nifty in consolidation range of 9020-9123 levels and exactly same happened. Indian Stock market consolidated for the whole day. BankNifty moved sharply positive and entered into positive zone. Nifty saw strong resistance at EquityPandit’s predicted resistance levels of 9130 like a dot. Finally, Indian Stock Market closed flat for the day but BankNifty saw gap positive closing.

Today: Indian Stock Market would open flat with negative bias. Technically, Nifty is still in negative zone but BankNifty has entered into positive zone. Nifty would enter into positive zone only if it closes above 9123 levels. Bulls are loosing momentum at higher levels but are accumulating at lower levels. We may see some profit booking at these levels but Nifty would witness support at 9050-9020 levels. BankNifty has already covered the gap and is stronger than Nifty. Nifty has formed Doji pattern and hence breaching levels of 9088 would force Nifty to see some profit booking. Traders can go long in the market if Nifty manages to close above 9123 levels but until then market would continue to consolidate in a range of 9020-9123 levels. Breaching the range on either side on closing basis would decide further market trend and until then trade is to go long at dips and sell at positive rally. Mutual Funds normally infuse funds in the market as March 31 is year end NAV time. So there is strong posibility of DIIs, who were seller for almost whole month, to turn buyers in upcoming week, which may give some strength to the market.

FIIs were net buyers of Rs.543.35 crores whereas DIIs were net buyers of Rs.116.50 crores in cash market for last trading session. Nifty would see strong support at 9088-9045-9020-8997-8970 whereas strong resistance would be seen at 9130-9150-9180 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: (9108) The support for the Nifty is 9088-9045-9020-8997-8970 and the resistance to the up move is at 9130-9150-9180 levels.

NSE BankNifty: (21123) The support for BankNifty is at 21070-20930-20845-20780 and the resistance to the up move is at 21220-21285-21336-21500 levels.

BSE Sensex: (29421) The support for the Sensex is at 29350-29200-29145-29060-29000 and the resistance to the up move is at 29485-29585-29660 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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Natural Gas Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Natural Gas for the week (March 27, 2017 – March 31, 2017) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS (200.30) closed the week on a positive note gaining around 3.60%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 195 to 197. Resistance for the commodity lies in the zone of 200 to 202 where 200 Daily SMA and Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 210 to 212 where medium term moving averages and Fibonacci levels are lying. During the week the commodity manages to hit a high of 203 and close the week around the levels of 200.30.

Support for the commodity lies in the zone of 194 to 196 from where the commodity broke out after consolidation. 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.

Resistance for the commodity lies in the zone of 200 to 202 where 200 Daily SMA and Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 210 to 212 where medium term moving averages and Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 190 – 192 on downside & 210 – 212 on upside.

Crude Oil Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Crude Oil for the week (March 27, 2017 – March 31, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3142) closed the week on a negative note losing around 1.70%.

As we have mentioned last week that support for the commodity lies in the zone of 3150 to 3170 from where the commodity broke out after consolidation. If the commodity manage to close below these levels then the commodity can drift to the levels of 3080 to 3100 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 3104 and close the week around the levels of 3142.

Support for the commodity lies in the zone of 3080 to 3100 where Fibonacci levels are lying. If the commodity manage to close below these levels then the commodity can drift to the levels of 3030 to 3050.

Minor resistance for the commodity lies in the zone of 3170 to 3180. Resistance for the commodity lies in the zone of 3210 to 3230 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3260 to 3280 where 200 Daily SMA is lying.

Broad range for the commodity in the coming week can be seen between 3050 – 3070 on downside & 3230 – 3250 on upside.

Aluminium Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Aluminium for the week (March 27, 2017 – March 31, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (126.15) closed the week on a positive note gaining around 1.00%.

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, Fibonacci level and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to levels of 120 – 121 where Fibonacci level is lying. During the week the commodity manages to hit a low of 124 and close the week around the levels of 126.15

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, 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 120 to 121 where 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 129 to 130 where the commodity has formed a high in the month of August-2013 and November-2014.

Broad range for the commodity in the coming week can be seen between 123 – 124 on downside and 128 – 129 on upside.

Nickel Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Nickel for the week (March 27, 2017 – March 31, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (671.90) closed the week on a negative note losing around 4.10%.

As we have mentioned last week that Minor support for the commodity lies in the zone of 660 to 665. Support for the commodity lies in the zone of 635 to 640 where the commodity has formed a bottom in the month of January-2017. If the commodity manages to close below these levels then the commodity can witness a free fall to the levels of around 600. During the week the commodity manages to hit a low of 641 and close the week around the levels of 644.

Support for the commodity lies in the zone of 635 to 640 where the commodity has formed a bottom in the month of January-2017. If the commodity manages to close below these levels then the commodity can witness a free fall to the levels of around 600.

Resistance for the commodity lies in the zone of 655 to 657 from where the commodity broke down after consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of 675 to 680 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 610 – 620 on downside & 670 – 680 on upside.

Lead Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Lead for the week (March 27, 2017 – March 31, 2017) :

LEAD:

 

LEAD 1

 

LEAD (153.25) closed the week on positive note gaining around 2.20%.

As we have mentioned last week that 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. During the week the commodity manages to hit a high of 156.35 and close the week around the levels of 153.25

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 146 – 148 on downside and 158 – 160 on upside.

Zinc Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Zinc for the week (March 27, 2017 – March 31, 2017) :

ZINC:

 

ZINC 1

 

ZINC (184.35) closed the week on a negative note losing around 2.15%..

As we have mentioned last week that minor support for the commodity lies in the zone of 186 to 187. Support for the commodity lies in the zone of 183 to 184 from where the commodity broke out. 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 182 and close the week around the levels of 184.35.

Support for the commodity lies in the zone of 183 to 184 from where the commodity broke out. 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.

Resistance for the commodity lies in the zone of 187 to 188. Resistance for the commodity lies in the zone of 194 to 196 where trend-line joining earlier highs is lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 200 to 202 where top formed in the month of November-2016 is lying.

Broad range for the commodity in the coming week can be seen between 175 – 177 on downside & 192 – 194 on upside.

Copper Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Copper for the week (March 27, 2017 – March 31, 2017) :

COPPER:

 

COPPER 1

 

COPPER (380.75) closed the week on a negative note losing around 2.60%.

As we have mentioned last week that minor support for the commodity lies in the zone of 386 to 388. Support for the commodity lies in the zone of 380 to 382 where the commodity has taken support on couple of occasions. If the commodity manages to close below these levels then the commodity can drift to the levels of 375 to 377 where Fibonacci level is lying. During the week the commodity manages to hit a low of 376 and close the week around the levels of 381.

Support for the commodity lies in the zone of 380 to 382 where the commodity has taken support on couple of occasions. If the commodity manages to close below these levels then the commodity can drift to the levels of 375 to 376 where Fibonacci level is lying.

Minor resistance for the commodity lies in the zone of 384 to 385. Resistance for the commodity lies in the zone of 388 to 390 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 393 to 395 where short term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 375 – 377 on downside & 388 – 390 on upside.

Silver Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Silver for the week (March 27, 2017 – March 31, 2017) :

SILVER:

 

SILVER 1

 

SILVER (41530) closed the week on a positive note gaining around 1.50%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 40100 to 40200. Resistance for the commodity lies in the zone of 41500 to 41700 where short & medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 42000 to 42200 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 41618 and close the week around the levels of 41530.

Minor support for the commodity lies in the zone of around 41100 to 41200. Support for the commodity lies in the zone of 40700 to 40800 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 40200 to 40400 where the commodity has opened gap up on 16/03/2017.

Minor resistance for the commodity lies in the zone of 41700 to 41800. Resistance for the commodity lies in the zone of 42200 to 42300 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 43000 to 43100 where 200 Daily SMA is lying.

Broad range for the commodity in the coming week can be seen between 40000 – 40100 on downside & 42800 – 43000 on upside.

Gold Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Gold for the week (March 27, 2017 – March 31, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28793) closed the week on a positive note gaining around 1.00%.

As we have mentioned last week that resistance for the commodity lies in the zone of 28650 to 28750 where short & medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28850 to 29000 where Fibonacci levels and lows for the month of February-2017 are lying. During the week the commodity manages to hit a high of 28948 and close the week around the levels of 28793.

Minor support for the commodity lies in the zone of 28600 to 28650. Support for the commodity lies in the zone of 28400 to 28500 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels of 28100 to 28200 where Fibonacci level and short term bottom is lying.

Resistance for the commodity lies in the zone of 28900 to 29000 where Fibonacci levels and lows for the month of February-2017 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29300 to 29400 from where the commodity sold off in the month of March-2017.

Broad range for the commodity in the coming week can be seen between 28400 – 28500 on downside & 29200 – 29300 on upside.

Colgate Palmolive Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week (March 27, 2017 – March 31, 2017) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on negative note losing around 0.90%.

As we have mentioned last week that support for the stock lies in the zone of 970 to 975 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 945 to 950 from where the stock broke out after consolidation. During the week the stock manages to hit a low of 971 and close the week around the levels of 980.

Support for the stock lies in the zone of 970 to 975 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 945 to 950 from where the stock broke out after consolidation..

Minor resistance for the stock lies in the zone of 1000 to 1010. Resistance for the stock lies in the zone of 1020 to 1030 where the stock has formed a double top pattern in the month of August-2016 and November-2016.

Broad range for the stock is seen between 940 to 950 on downside & 1010 to 1020 on upside.

Dabur Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for DABUR for the week (March 27, 2017 – March 31, 2017) :

DABUR:

 

DABUR

 

Dabur 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 280 to 282. 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 286 and close the week around the levels of 281.

Minor support for the stock lies in the zone of 277 to 279. Support for the stock lies in the zone of 271 to 273 where the stock has taken multiple support on daily basis. If the stock manages to close below these levels then the stock can drift to the levels of 265 to 267 where Fibonacci level is lying.

Resistance for the stock lies in the zone of 280 to 282. 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 268 to 270 on downside & 288 to 290 on upside.

Hindustan Unilever Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week (March 27, 2017 – March 31, 2017) :

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on absolutely flat note.

As we have mentioned last week that support for the stock lies in the zone of 880 to 885 from where the stock broke out of double top pattern and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 860 to 865 where 200 Daily SMA and breakout levels are lying. During the week the stock manages to hit a low of 888 and close the week around the levels of 900.

Support for the stock lies in the zone of 880 to 885 from where the stock broke out of double top pattern and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 860 to 865 where 200 Daily SMA and breakout levels are lying.

Minor resistance for the stock lies in the zone of 907 to 913. Resistance for the stock lies in the zone of 930 to 940 where the stock has formed a top in the month of September-2016 and Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 980 to 990 where life time highs for the stock is lying.

Broad range for the stock in coming week is seen between 870 to 875 on downside & 930 to 940 on upside.

ITC Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for ITC for the week (March 27, 2017 – March 31, 2017) :

ITC:

 

ITC

 

ITC closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 282 to 284 where Fibonacci extension is lying. If the stock manages to close above these levels then the stock can move to the levels of 290 to 292 where life time highs for the stock is lying. During the week the stock manages to hit a high of 289 and close the week around the levels of 281.

Support for the stock lies in the zone of 276 to 278 where the stock has opened gap up. If the stock manages to close below these levels then the stock can drift to the levels of 270 to 272 from where the stock broke out after consolidation.

Resistance for the stock lies in the zone of 282 to 284 where Fibonacci extension is lying. If the stock manages to close above these levels then the stock can move to the levels of 290 to 292 where life time highs for the stock is lying.

Broad range for the stock in coming week is seen between 270 to 272 on downside & 290 to 292 on upside.

Cipla Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Cipla for the week (March 27, 2017 – March 31, 2017) :

CIPLA:

 

CIPLA

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 585 to 590. Support for the stock lies in the zone of 570 to 575 where medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 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 594.

Minor support for the stock lies in the zone of 585 to 587. Support for the stock lies in the zone of 570 to 575 where medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 550 to 555 where 200 Daily SMA is lying.

Minor resistance for the stock lies in the zone of 598 to 600. Resistance for the stock lies in the zone of 605 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 575 – 580 on downside & 615 – 620 on upside.

Dr. Reddy Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week (March 27, 2017 – March 31, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 4.00%.

As we have mentioned last week that support for the stock lies in the zone of 2700 to 2730. As stock is trading below major support zone, no support for the stock is visible. Support for the stock lies in the zone of 2640 to 2650. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014. During the week the stock manages to hit a low of 2555 and close the week around the levels of 2628.

As stock is trading below major support zone, no support for the stock is visible. Support for the stock lies in the zone of 2520 to 2560. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014.

Resistance for the stock lies in the zone of 2660 to 2700 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2750 to 2780 where the stock opened gap down on 09/03/2017.

Broad range for the stock is seen from 2500 – 2550 on downside & 2700 – 2720 on upside.

Lupin Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Lupin for the week (March 27, 2017 – March 31, 2017) :

LUPIN:

 

LUPIN

 

Lupin closed the week on positive note gaining around 2.15%.

As we have mentioned last week that support for the stock lies in the zone of 1420 to 1440 from where the stock has broken out of the consolidation zone. If the stock manages to close below these levels then the stock can drift to the levels of 1380 to 1400 where the stock has made a bottom in the month of June – 2016, November – 2016 & December – 2016. During the week the stock manages to hit a low of 1443 and close the week around the levels of 1488.

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

Resistance for the stock lies in the zone of 1480 to 1500 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 1515 to 1520 where 200 Daily SMA is lying.

Broad range for the stock is seen from 1440 – 1450 on downside & 1510 – 1520 on upside.

Sun Pharma Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Sun Pharma for the week (March 27, 2017 – March 31, 2017) :

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA 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 695 to 700. Support for the stock lies in the zone of 680 to 685 from where the stock broke out after consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 660 to 665 where short & medium term moving averages are lying. During the week the stock manages to hit a low of 684 and close the week around the levels of 704.

Minor support for the stock lies in the zone of 695 to 700. Support for the stock lies in the zone of 680 to 685 from where the stock broke out after consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 660 to 665 where short & medium term moving averages are lying.

Resistance for the stock lies in the zone of 720 to 725 where trend-line joining lows of 704 & 710 and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 750 from where the stock sold off in the month of November-2016.

Broad range for the stock in the coming week can be 680 – 685 on lower side & 730 – 735 on upper side.

Wipro Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Wipro for the week (March 27, 2017 – March 31, 2017) :

WIPRO:

 

WIPRO

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 510 to 515 from where the stock broke down from the double bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 525 to 530 from where the stock broke down in the month of August-2017. During the week the stock manages to hit a high of 514 and close the week around the levels of 513.

Minor support for the stock lies in the zone of 505 to 508. Support for the stock lies in the zone of 490 to 495 where Fibonacci level and 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 480 to 485 from where the stock broke out after consolidation.

Resistance for the stock lies in the zone of 510 to 515 from where the stock broke down from the double bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 525 to 530 from where the stock broke down in the month of August-2016.

Broad range for the stock in the coming week is seen between 490 to 495 on downside & 522 to 525 on upside.

HCL Tech Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for HCL Tech for the week (March 27, 2017 – March 31, 2017) :

HCL TECHNOLOGIES:

 

HCLTECH

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 850 to 855. Support for the stock lies in the zone of 830 to 835 where the stock has taken multiple support and short term moving average is lying. If the stock manages to close below these levels then the stock can drift to the levels of 815 to 820 where Fibonacci level and medium term moving average is lying. During the week the stock manages to hit a low of 848 and close the week around the levels of 873.

Support for the stock lies in the zone of 860 to 865 where the stock broke out of August-2016 and January-2017 highs. If the stock manages to close below these levels then the stock can drift to the levels of 835 to 840 where the stock has taken multiple support in the month of March-2017.

The stock has broken out of 8 months of consolidation and the stock can move to the levels of around 900. Resistance zone for the stock lies in the zone of 895 to 900 where Fibonacci level and highs for the month of February-2016 is lying.

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

TCS Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for TCS for the week (March 27, 2017 – March 31, 2017) :

TATA CONSULTANCY SERVICES:

 

TCS

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 2510 to 2520. Support for the stock lies in the zone of 2460 to 2480 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2400 to 2420 where Fibonacci levels and 200 Daily SMA is lying. During the week the stock manages to hit a low of 2423 and close the week around the levels of 2427.

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 2340 where Fibonacci level and medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 2460 to 2480. Resistance for the stock lies in the zone of 2550 to 2570 from where the stock broke down in August-2016 and also highs for the month of February-2017 is lying. If the stock manages to close above these levels then the stock can move to the levels of 2600 to 2620.

Broad range for the stock in the coming week is seen between 2320 to 2340 on downside & 2520 to 2540 on upside.

Infosys Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Infosys for the week (March 27, 2017 – March 31, 2017) :

INFOSYS:

 

INFY

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 1040 to 1050 where highs for the month of January-2017 and 200 Daily SMA is lying. If the stock manages to close above these level then stock can move to the levels of 1080 to 1090 where the stock has faced multiple resistance in the month of August-2016 and October-2016. During the week the stock manages to hit a high of 1045 and close the week around the levels of 1031.

Minor support for the stock lies in the zone of 1020 to 1025. Support for the stock lies in the zone of 1000 to 1010 where Fibonacci level is lying. 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 1040 to 1050 where highs for the month of January-2017 and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 1080 to 1090 where the stock has faced multiple resistance in the month of August-2016 and October-2016.

Broad range for the stock in the coming week is seen between 1000 to 1010 on downside & 1060 to 1070 on upside.

SBI Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for SBI for the week (March 27, 2017 – March 31, 2017) :

STATE BANK OF INDIA:

 

SBIN

 

SBIN 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 270 to 272. Support for the stock lies in the zone of 264 to 266 where short term moving averages and break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 262 where medium term moving averages are lying. During the week the stock manages to hit a low of 267 and close the week around the levels of 277.

Minor support for the stock lies in the zone of 270 to 272. Support for the stock lies in the zone of 264 to 266 where short term moving averages and break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 262 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 275 to 277 where the stock is facing multiple resistance. Resistance for the stock lies in the zone of 281 to 283 where highs for the month of February-2017 is lying. 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 266 to 268 on lower side to 283 to 285 on upper side.

Axis Bank Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Axis Bank for the week (March 27, 2017 – March 31, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 5.40%.

As we have mentioned last week that minor support for the stock lies in the zone of 510 to 515. Support for the stock lies in the zone of 498 to 502 from where the stock has broken out on daily basis. If the stock manages to close below these levels then the stock can drift to the levels of 475 to 480 where the stock has taken multiple support and short term moving averages are lying. During the week the stock manages to hit a low of 483 and close the week around the levels of 489.

Support for the stock lies in the zone of 478 to 480 where the stock has taken multiple support 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 460 to 462 where Fibonacci level is lying.

Resistance for the stock lies in the zone of 500 to 505 from where the stock broke down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 515 to 520 where 200 Daily SMA and top for the month of March-2017 is lying.

Broad range for the stock in the coming week can be 465 – 470 on lower side & 510 – 515 on upper side.

ICICI Bank Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for ICICI Bank for the week (March 27, 2017 – March 31, 2017) :

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on negative note losing around 2.10%.

As we have mentioned last week that resistance for the stock lies in the zone of 280 to 282 where trend-line joining highs of 393, 298 and 292 is lying. If the stock manages to close above these levels then the stock can move to the levels of 288 to 290 where the stock is facing resistance. During the week the stock manages to hit a high of 280 and close the week around the levels of 275.

The stock has closed below the support zone of 274 to 275 where Neck-line of Inverse H & S pattern and short term moving averages are lying. Support for the stock lies in the zone of 270 to 272 where medium term moving averages and Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 266 to 268.

Resistance for the stock lies in the zone of 279 to 281 where trend-line joining highs of 393, 298 and 292 is lying. If the stock manages to close above these levels then the stock can move to the levels of 288 to 290 where the stock is facing resistance.

Broad range for the stock in the coming week can be 265 – 267 on lower side & 286 – 288 on upper side.

HDFC Bank Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for HDFC Bank for the week (March 27, 2017 – March 31, 2017) :

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 1420 to 1425 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 1445 to 1450 where life time highs for the stock is lying. During the week the stock manages to hit a high of 1445 and close the week around the levels of 1424.

Minor support for the stock lies in the zone of 1405 to 1415. Support for the stock lies in the zone of 1370 to 1380 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 1320 to 1330 from where the stock broke out from the September-2016 highs and Fibonacci levels are lying.

Resistance for the stock lies in the zone of 1420 to 1425 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 1445 to 1450 where life time highs for the stock is lying.

Broad range for the stock in the coming week can be 1390 to 1400 on lower side & 1450 to 1460 on upper side.

Nifty Media Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for NIFTY MEDIA for the week (March 27, 2017 – March 31, 2017) :

NIFTY MEDIA:

 

NIFTYMEDIA

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 3080 to 3100. Resistance for the index lies in the zone of 3140 to 3160 where life time highs for the index is lying. During the week the index manages to hit a high of 3113 and close the week around the levels of 3089.

Support for the index lies in the zone of 3030 to 3050 from where the index broke out of the February-2017 highs. Support for the index lies in the zone of 2975 to 3000 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 2920 to 2940 where the index has taken multiple support.

Minor resistance for the index lies in the zone of 3080 to 3100. Resistance for the index lies in the zone of 3140 to 3160 where life time highs for the index is lying.

Broad range for the index is seen between 3000 to 3030 on downside & 3150 to 3170 on upside.

Nifty Realty Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for NIFTY REALTY for the week (March 27, 2017 – March 31, 2017) :

NIFTY REALTY:

 

NIFTYREALT

 

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

As we have mentioned last week that resistance for the index lies in the zone of 208 to 212 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 216 to 218 where the index has formed a top in the month of September-2016. During the week the index manages to hit a high of 215 and close the week around the levels of 213.

Minor support for the index lies in the zone of 210 to 211. Support for the index lies in the zone of 205 to 207 from where the index broke out. If the index manages to close below these levels then the index can drift to the levels of 199 to 200 from where the index broke out of February-2017 highs..

Resistance for the index lies in the zone of 216 to 218 where the index has formed a top in the month of August-2016 and September-2016. If the index manages to close above these levels for couple of days then the index will break out after One and half year. The index can move to the levels of 235 where long term Fibonacci level is lying.

Broad range for the index is seen between 205 to 207 on downside & 217 to 218 on upside.

Nifty PSU Bank Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for NIFTY PSU BANK for the week (March 27, 2017 – March 31, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

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

As we have mentioned last week that minor support for the index lies in the zone of 3280 to 3300. Support for the index lies in the zone of 3180 to 3210 where short & medium term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3030 to 3050 where 200 Daily SMA and break out levels are lying. During the week the index manages to hit a low of 3232 and close the week around the levels of 3360.

Minor support for the index lies in the zone of 3280 to 3300. Support for the index lies in the zone of 3180 to 3210 where short & medium term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3030 to 3050 where 200 Daily SMA and break out levels are lying.

Resistance for the index lies in the zone of 3400 to 3420 from where the index broke down couple of times. If the index manages to close above these levels then the index can move to the levels of 3470 to 3480 where the index has formed a double top pattern and Fibonacci levels are lying.

Broad range for the index is seen between 3200 to 3230 on downside & 3430 to 3450 on upside.

Nifty Metal Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for NIFTY METAL for the week (March 27, 2017 – March 31, 2017) :

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 3150 to 3180 from where the index broke down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 3220 to 3250. During the week the index manages to hit a high of 3145 and close the week around the levels of 3123.

Minor support for the index lies in the zone of 3080 to 3100. Support for the index lies in the zone of 2990 to 3020 where bottom for the month of February-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of 2890 to 2910 from where the index broke out from November-2016 and December-2016 highs.

Resistance for the index lies in the zone of 3150 to 3180 from where the index broke down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 3220 to 3250.

Broad range for the index is seen between 3000 to 3030 on downside & 3220 to 3250 on upside.

Nifty Energy Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week (March 27, 2017 – March 31, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY 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 11400 to 11450. Support for the index lies in the zone of 11150 to 11200 where the index has taken multiple support in the month of March-2017. Support for the index lies in the zone of 10800 to 10900 from where the index broke out of January-2017 highs. During the week the index manages to hit a low of 11246 and close the week around the levels of 11485.

Minor support for the index lies in the zone of 11400 to 11450. Support for the index lies in the zone of 11150 to 11200 where the index has taken multiple support in the month of March-2017. If the index manages to close below these levels then the index can drift to the levels of 10800 to 10900 from where the index broke out of January-2017 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 11600 to 11650 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 11750 to 11800.

Broad range for the index is seen between 11150 to 11200 on downside & 11700 to 11750 on upside.

Nifty Auto Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week (March 27, 2017 – March 31, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

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

As we have mentioned last week that minor support for the index lies in the zone of 9880 to 9910. Support for the index lies in the zone of 9800 to 9820 where the index has opened gap up. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9650 where Fibonacci level is lying. During the week the index manages to hit a low of 9789 and close the week around the levels of 9878.

Support for the index lies in the zone of 9800 to 9820 where the index has opened gap up. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9650 where Fibonacci level is lying.

Minor resistance for the index lies in the zone of 9920 to 9960. Resistance for the index lies in the zone of 10000 to 10100 from where the index sold off in the month of November-2016 and February-2017. 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 9600 to 9650 on downside & 10000 to 10050 on upside.

Nifty Pharma Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for NIFTY Pharma for the week (March 27, 2017 – March 31, 2017) :

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 1.10%.

As we have mentioned last week that minor support for the index lies in the zone of 10500 to 10550. Support for the index lies in the zone of 10250 to 10350 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. During the week the index manages to hit a low of 10373 and close the week around the levels of 10556.

Minor support for the index lies in the zone of 10500 to 10550. Support for the index lies in the zone of 10250 to 10350 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.

Minor resistance for the index lies in the zone of 10600 to 10650. Resistance for the index lies in the zone of 10750 to 10850 where highs for the month of February-2017 is lying. If the index manages to close above these levels then 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 & 10700 to 10800 on upside.

Nifty FMCG Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week (March 27, 2017 – March 31, 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 23200 to 23300. Support for the index lies in the zone of 22900 to 23000 from where the index opened gap up. If the index manages to close below these levels then the index can drift to the levels of 22300 to 22500 where the index has taken multiple support. During the week the index manages to hit a low of 23212 and close the week around the levels of 23455.

Minor support for the index lies in the zone of 23200 to 23300. Support for the index lies in the zone of 22900 to 23000 from where the index opened gap up. If the index manages to close below these levels then the index can drift to the levels of 22300 to 22500 where the index has taken multiple support.

Minor resistance for the index lies in the zone of 23600 to 23650. Resistance for the index lies in the zone of 23850 to 23950 where the index has posted a life time highs. If the index manages to close above these levels then the index can move to the levels of 24350 to 24500.

Broad range for the index in the coming week is seen from 22500 to 22600 on downside & 24400 to 24500 on upside.

Nifty IT Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for NIFTY IT for the week (March 27, 2017 – March 31, 2017) :

NIFTY IT:

 

NIFTYIT

 

Nifty IT index ended the week on negative note losing around 1.20%.

As we have mentioned last week that minor support for the index lies in the zone of 10750 to 10800. Support for the index lies in the zone of 10600 to 10650 where the index has taken multiple support. 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 has broken out from the double top pattern and 200 Daily SMA is lying. During the week the index manages to hit a low of 10711 and close the week around the levels of 10769.

Support for the index lies in the zone of 10650 to 10680 where the index has taken multiple support. 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 has broken out from the double top pattern, Fibonacci level and 200 Daily SMA is lying.

Minor resistance for the index lies in the zone of 10800 to 10900. Resistance for the index lies in the zone of 11000 to 11050 where long term Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11300 from where the index broke down in the month of August-2016.

Broad range for the index in the coming week is seen from 10500 to 10550 on downside & 11000 to 11050 on upside.

Nifty Bank Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (March 27, 2017 – March 31, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on negative note losing around 0.25%.

As we have mentioned last week that support for the index lies in the zone of 20900 to 21000 from where the index broke out on gap up opening. If the index manages to close below these levels then the index can drift to the levels of 20500 to 20600 where the index has taken multiple support. During the week the index manages to hit a low of 20754 and close the week around the levels of 21122.

Support for the index lies in the zone of 20900 to 21000 from where the index broke out on gap up opening. If the index manages to close below these levels then the index can drift to the levels of 20500 to 20600 where the index has taken multiple support.

Resistance for the index lies in the zone of 21275 to 21350 where the index is facing resistance. If the index manages to close above these levels for couple of days then the index can move to the levels of 21700 to 21800.

Range for the week is seen from 20500 to 20600 on downside & 21500 to 21600 on upside.

Nifty Outlook for the Week (March 27, 2017 – March 31, 2017)

Equityandit’s Outlook for Nifty for week (March 27, 2017 – March 31, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that support for the index lies in the zone of 9080 to 9120 from where the index broke out of the previous highs. If the index manages to close below these levels then the index can drift to the levels of 8950 to 8980 levels where the index has formed a gap. During the week the index manages to hit a low of 9019 and close the week around the levels of 9108.

Minor support for the index lies in the zone of 9050 to 9070. Support for the index lies in the zone of 8950 to 8980 where the index has formed a gap. If the index manages to close below these levels then the index can drift to the levels of 8820 to 8850 where the index has taken multiple support and short term moving averages are lying.

Minor resistance for the index lies in the zone of 9150 to 9180. Resistance for the index lies in the zone of 9220 to 9250 where the index has formed a short term top. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying.

Broad range for the week is seen from 8900 on downside & 9300 on upside.

MCX Tips for – Friday, March 24, 2017

Gold (28800): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28618 levels. Traders can initiate long positions on every dip until Gold Future closes below 28618 levels.

Silver (41300):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 40874 levels. Traders can go short once Silver Future closes below 40874 levels.

Crude (3143): 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 3216 levels.

Natural Gas (197.60): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every negative rally until NG Future closes below 194.25 levels. Traders can go short if Natural Gas Future closes below 194.25 levels.

Copper (383.85): 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 385.55.

Zinc (183.65): Zinc is trading into positive zone. Traders can hold long position or can initiate long position on every dip until Zinc is trading below 183.30 levels. Traders can go short only it Zinc closes below 183.30 levels.

Lead (154.35): Lead is trading into positive zone. Lead Future would enter into negative zone once it closes below 150.45 levels. Traders can hold long positions or can initiate fresh long position on every dip until Lead is trading above 150.45 levels.

Nickel (654.10):  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 668.25 levels.

Aluminium (125.80):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 123.75 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, March 24, 2017

equitypandit_square

Nifty In Consolidation Range Of 9020-9123, Initiate Long Only If It Closes Above 9123

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that BankNifty has covered the gaps that was generated few days back so we would see short covering rally for the day and exactly same happened. Indian Stock Market moved sharply positive for the day. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day. Sensex closed right below our resistance of 29340 levels like a dot.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still negative. Further short covering can be seen but now, it is a tricky situation. Market is in consolidation range of 9020-9123 levels. Technically, Market would see reversal (enter positive trend), if it closes above 9123 levels for Nifty and 21049 levels for BankNifty. Once the market closes above 9123 levels for Nifty and 21049 levels for BankNifty, then traders can close all short positions and initiate fresh long positions because in that case market would see new highs. But until then, market would be considered in negative trend and every positive rally would be a selling opportunity. Risk averse traders should wait for nifty to close out of 9020-9123 range and then take the trade in same direction.

FIIs were net buyers of Rs.1094.44 crores whereas DIIs were net sellers of Rs.590.78 crores in cash market for last trading session. Nifty would see strong support at 9045-9020-8997-8970 whereas strong resistance would be seen at 9130-9150-9180 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: (9086) The support for the Nifty is 9045-9020-8997-8970 and the resistance to the up move is at 9130-9150-9180 levels.

NSE BankNifty: (20896) The support for BankNifty is at 20780-20675-20550-20450 and the resistance to the up move is at 20965-21060-21146-21280 levels.

BSE Sensex: (29332) The support for the Sensex is at 29200-29145-29060-29000-28945 and the resistance to the up move is at 29485-29585-29660 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 – Thursday, March 23, 2017

Gold (28885): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28618 levels. Traders can initiate long positions on every dip until Gold Future closes below 28618 levels.

Silver (41233):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 40733 levels. Traders can go short once Silver Future closes below 40733 levels.

Crude (3164): 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 3216 levels.

Natural Gas (198.20): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every negative rally until NG Future closes below 194.25 levels. Traders can go short if Natural Gas Future closes below 194.25 levels.

Copper (381.90): 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 385.55.

Zinc (186.65): Zinc is trading into positive zone. Traders can hold long position or can initiate long position on every dip until Zinc is trading below 183.30 levels. Traders can go short only it Zinc closes below 183.30 levels.

Lead (154.75): Lead is trading into positive zone. Lead Future would enter into negative zone once it closes below 147.20 levels. Traders can hold long positions or can initiate fresh long position on every dip until Lead is trading above 147.20 levels.

Nickel (658.40):  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 669.50 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 123.25 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, March 23, 2017

equitypandit_square

BankNifty Gap Covered, Some Short Covering Rally Would Be Seen Today

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that BankNifty has entered into negative zone and Nifty would follow. EquityPandit also suggested traders to go short until as Nifty and BankNifty would fill up the gap that was generated on March 14, 2017 before resuming further positive rally and exactly same happened. Indian Stock Market fell down sharply and saw lows right at EquityPandit’s predicted support levels of 9020 like a dot. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open gap positive. Technically, Indian Stock Market, including Nifty, BankNifty and Sensex is in negative zone. BankNifty as filled up the gap as predicted by EquityPandit. Now, we may see some short covering rally but the trend would still be considered negative until Nifty closes above 9123 levels and BankNifty closes above 21049 levels. Traders can wait for some short covering rally and can again go short at higher levels. Remember that overall market is bullish and this is just a correction that may end once the gap that was created on March 14, 2017 is filled up. Strong selling would be only seen when Nifty closes below 8970 levels. Until then sell on rally and book profits on dips. Range for Nifty is 8970 on the downside and 9123 in the positive direction. Breakout from the range would be seen once market closes above or below any of these levels.

FIIs were net buyers of Rs.356.64 crores whereas DIIs were net sellers of Rs.779.91 crores in cash market for last trading session. Nifty would see strong support at 9020-8997-8970-8945 whereas strong resistance would be seen at 9060-9125-9150-9180 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: (9030) The support for the Nifty is 9020-8997-8970-8945 and the resistance to the up move is at 9060-9125-9150-9180 levels.

NSE BankNifty: (20781) The support for BankNifty is at 20675-20550-20450-20380 and the resistance to the up move is at 20850-20920-21060 levels.

BSE Sensex: (29168) The support for the Sensex is at 29145-29060-29000-28945 and the resistance to the up move is at 29340-29485-29585 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, March 22, 2017

Gold (28851): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28377 levels. Traders can initiate long positions on every dip until Gold Future closes below 28377 levels.

Silver (41282):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 40497 levels. Traders can go short once Silver Future closes below 40497 levels.

Crude (3168): 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 3254 levels.

Natural Gas (200.80): NG Future has entered into positive zone. Traders can hold long positions and can initiate long positions at every negative rally until NG Future closes below 194.25 levels. Traders can go short if Natural Gas Future closes below 194.25 levels.

Copper (379.15): 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 387.40.

Zinc (183.90): Zinc is trading into positive zone. Traders can hold long position or can initiate long position on every dip until Zinc is trading below 183.30 levels. Traders can go short only it Zinc closes below 183.30 levels.

Lead (148.70): Lead is trading into positive zone. Lead Future would enter into negative zone once it closes below 145.70 levels. Traders can hold long positions or can initiate fresh long position on every dip until Lead is trading above 145.70 levels.

Nickel (663.60):  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 677.00 levels.

Aluminium (125.30):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 123.20 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, March 22, 2017

equitypandit_square

BankNifty Entered into Negative Zone and Nifty To Follow, Initiate Short Positions

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. EquityPandit predicted that Indian Stock Market would enter into negative zone once Nifty closes below 9109 levels and BankNifty closes below 21029 levels. EquityPandit also predicted that Nifty would see resistance at 9150 whereas support would be seen at 9120 levels and exactly same happened. Indian Stock Market opened positive and saw highs right at EquityPandit’s predicted resistance levels of 9150 for Nifty, like a dot. Market moved sharply negative on the account of profit booking. Finally, Indian Stock Market closed negative for the day. Indian Stock Market closed right at Equitypandit’s predicted support levels of 9120 for Nifty and 29480 for Sensex, like a dot.

Today: Indian Stock Market would open gap negative. Technically, BankNifty has entered into negative zone but Nifty is still in positive zone. Today, Nifty would also enter into negative zone. Market is expected to see sharp downfall and looks like it would fill up the gap that was generated on March 14, 2017, before resuming further positive rally. Now, every positive rally would be doubtful until BankNifty outperforms. Traders are suggested to initiate fresh short positions at every positive rally in the market until BankNifty closes above 21270 levels.

FIIs were net buyers of Rs.1662.72 crores whereas DIIs were net sellers of Rs.798.57 crores in cash market for last trading session. Nifty would see strong support at 9120-9097-9060-9020 whereas strong resistance would be seen at 9125-9150-9180-9200 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: (9122) The support for the Nifty is 9085-9060-9020-8997 and the resistance to the up move is at 9125-9150-9180-9200 levels.

NSE BankNifty: (21019) The support for BankNifty is at 20900-20876-20740-20660 and the resistance to the up move is at 21275-21380-21500-21720 levels.

BSE Sensex: (29485) The support for the Sensex is at 29350-29240-29110-29000 and the resistance to the up move is at 29585-29700-29880 levels.

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

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MCX Tips for – Tuesday, March 21, 2017

Gold (28505): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28318 levels. Traders can initiate long positions on every dip until Gold Future closes below 28318 levels.

Silver (40869):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 40426 levels. Traders can go short once Silver Future closes below 40426 levels.

Crude (3153): 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 3254 levels.

Natural Gas (197.50): NG Future is trading into negative zone. Traders can hold short positions and can initiate short positions at every positive rally until NG Future closes above 197.80 levels. Traders can go long if Natural Gas Future closes above 197.80 levels.

Copper (385.35): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes below 382.80.

Zinc (186.15): Zinc is trading into positive zone. Traders can hold long position or can initiate long position on every dip until Zinc is trading below 183.30 levels. Traders can go short only it Zinc closes below 183.30 levels.

Lead (147.90): Lead is trading into positive zone. Lead Future would enter into negative zone once it closes below 145.70 levels. Traders can hold long positions or can initiate fresh long position on every dip until Lead is trading above 145.70 levels.

Nickel (664.00):  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 682.30 levels.

Aluminium (124.90):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 122.85 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, March 21, 2017

equitypandit_square

Continue Long Positions Until Nifty Holds 9109 On Closing Basis, Short Covering Expected

 

Last Trading Session: Indian Stock Market Opened flat for the day. EquityPandit predicted that market would consolidate before further positive rally and traders should go long at every dip in the market. Market moved positive and saw highs right at EquityPandit’s predicted resistance levels of 29700 for Sensex like a dot. Market saw profit booking at higher levels and witnessed lows of 29480 for Sensex like a dot. Finally, Indian Stock Market recovered to some extent but closed gap negative for the day.

Today: Indian Stock Market would open flat with positive bias. Technically, Indian Stock Market is still in positive zone. Market is expected to see short covering rally in upcoming days and traders are suggested to hold long positions as of now. Nifty would see reversal only if it closes below 9109 levels and until then traders should hold long positions or go long at every dip in the market.

FIIs were net buyers of Rs.56.67 crores whereas DIIs were net sellers of Rs.536.21 crores in cash market for last trading session. Nifty would see strong support at 9120-9097-9060-9020 whereas strong resistance would be seen at 9150-9180-9200-9218 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: (9127) The support for the Nifty is 9120-9097-9060-9020 and the resistance to the up move is at 9150-9180-9200-9218 levels.

NSE BankNifty: (21110) The support for BankNifty is at 21100-21055-20985-20900 and the resistance to the up move is at 21275-21380-21500-21720 levels.

BSE Sensex: (29519) The support for the Sensex is at 29480-29350-29240 and the resistance to the up move is at 29700-29880-29950 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, March 20, 2017

Gold (28509): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28220 levels. Traders can initiate long positions on every dip until Gold Future closes below 28220 levels.

Silver (40909):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 40270 levels. Traders can go short once Silver Future closes below 40270 levels.

Crude (3196): 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 3259 levels.

Natural Gas (193.30): NG Future is trading into negative zone. Traders can hold short positions and can initiate short positions at every positive rally until NG Future closes above 197.80 levels. Traders can go long if Natural Gas Future closes above 197.80 levels.

Copper (390.75): Copper has entered into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes below 382.80.

Zinc (188.40): Zinc is trading into positive zone. Traders can hold long position or can initiate long position on every dip until Zinc is trading below 182.20 levels. Traders can go short only it Zinc closes below 182.20 levels.

Lead (150.00): Lead has entered into positive zone. Lead Future would enter into negative zone once it closes below 144.95 levels. Traders can hold long positions or can initiate fresh long position on every dip until Lead is trading above 144.95 levels.

Nickel (671.90):  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 687.40 levels.

Aluminium (124.90):  Aluminium has entered into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 122.30 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, March 20, 2017

equitypandit_square

Buy At Dips Until Nifty Holds 9109 And BankNifty Holds 21029 On Closing Basis

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. EquityPandit predicted that market is still in positive zone and traders can go long at dips. EquityPandit also predicted that Nifty would see resistance at 9218 levels and exactly same happened. Indian Stock Market moved sharply positive after opening but saw profit booking right at EquityPandit’s predicted resistance levels of 9218 like a dot. Finally, Indian Stock Market closed flat for the day with some pressure on BankNifty.

Today: Indian Stock Market would open negative. Technically, Indian Stock Market is still in positive zone. Now some consolidation may be seen before further positive rally but overall market would remain bullish until Nifty holds 9109 levels on closing basis. FIIs continuous inflows are supporting Indian Stock Market and would continue to keep market bullish in March 2017. We may see some sharp correction in April 2017 due to high valuations and corporate earnings. Nifty would see reversal of the trend once it closes below 9109 levels. So, traders can go long at every dip until Nifty holds 9109 levels and BankNifty holds 21029 levels on closing basis.

FIIs were net buyers of Rs.1532.39 crores whereas DIIs were net sellers of Rs.711.50 crores in cash market for last trading session. Nifty would see strong support at 9130-9097-9060-9020 whereas strong resistance would be seen at 9180-9200-9218-9254 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: (9160) The support for the Nifty is 9130-9097-9060-9020 and the resistance to the up move is at 9180-9200-9218-9254 levels.

NSE BankNifty: (21175) The support for BankNifty is at 21125-21055-20985-20900 and the resistance to the up move is at 21275-21380-21500-21720 levels.

BSE Sensex: (29649) The support for the Sensex is at 29600-29480-29350-29240 and the resistance to the up move is at 29700-29880-29950 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 (March 20, 2017 – March 24, 2017)

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

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS (193.30) closed the week on a negative note losing around 3.30%.

As we have mentioned last week that minor support for the commodity lies in the zone of 195 to 197. Support for the commodity lies in the zone of 188 to 190 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 183 to 185 from where the commodity broke out after consolidation. During the week the commodity manages to hit a low of 189 and close the week around the levels of 193.

Support for the commodity lies in the zone of 188 to 190 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 183 to 185 from where the commodity broke out after consolidation.

Minor resistance for the commodity lies in the zone of 195 to 197. Resistance for the commodity lies in the zone of 200 to 202 where 200 Daily SMA and Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 210 to 212 where medium term moving averages and Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 180 – 182 on downside & 200 – 202 on upside.

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

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

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3196) closed the week on a negative note losing around 1.00%.

As we have mentioned last week that minor support for the commodity lies in the zone of 3200 to 3210. Support for the commodity lies in the zone of 3150 to 3170 from where the commodity broke out after consolidation. If the commodity manage to close below these levels then the commodity can drift to the levels of 3080 to 3100 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 3107 and close the week around the levels of 3196.

Support for the commodity lies in the zone of 3150 to 3170 from where the commodity broke out after consolidation. If the commodity manage to close below these levels then the commodity can drift to the levels of 3080 to 3100 where Fibonacci levels are lying.

Minor resistance for the commodity lies in the zone of 3210 to 3230. Resistance for the commodity lies in the zone of 3270 to 3280 where 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3330 to 3350 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 3100 – 3120 on downside & 3300 – 3320 on upside.

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

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

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (124.90) closed the week on a positive note gaining around 0.25%.

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, 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 120 to 121 where Fibonacci level is lying. During the week the commodity manages to hit a low of 121.60 and close the week around the levels of 124.90.

Support for the commodity lies in the zone of around 123 to 124 from where commodity broke out after consolidation, 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 120 to 121 where Fibonacci level is lying.

Minor resistance for the commodity lies in the zone of 125 to 125.50. 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 129 to 130 where the commodity has formed a high in the month of August-2013 and November-2014.

Broad range for the commodity in the coming week can be seen between 122 – 123 on downside and 127 – 128 on upside.

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

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

NICKEL:

 

NICKEL 1

 

NICKEL (671.90) closed the week on a positive note gaining around 1.70%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 670 to 675. Resistance for the commodity lies in the zone of 680 to 685 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 695 to 700 where 200 Daily SMA is lying. During the week the commodity manages to hit a high of 680 and close the week around the levels of 672.

Minor support for the commodity lies in the zone of 660 to 665. Support for the commodity lies in the zone of 635 to 640 where the commodity has formed a bottom in the month of January-2017. If the commodity manages to close below these levels then the commodity can witness a free fall to the levels of around 600.

Resistance for the commodity lies in the zone of 680 to 685 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 695 to 700 where 200 Daily SMA is lying.

Broad range for the commodity in the coming week can be seen between 620 – 630 on downside & 700 – 710 on upside.

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

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

LEAD:

 

LEAD 1

 

LEAD (150.00) closed the week on absolutely flat note.

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 144 and close the week around the levels of 150.

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 (March 20, 2017 – March 24, 2017)

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

ZINC:

 

ZINC 1

 

ZINC (188.40) closed the week on a positive note gaining around 4.70%.

As we have mentioned last week that support for the commodity lies in the zone of 179 to 181 from where the commodity broke out after consolidation and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 173 to 175 from where the commodity broke out after consolidation. During the week the commodity manages to hit a low of 176 and close the week around the levels of 188.

Minor support for the commodity lies in the zone of 186 to 187. Support for the commodity lies in the zone of 183 to 184 from where the commodity broke out. 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.

Resistance for the commodity lies in the zone of 188 to 190. Resistance for the commodity lies in the zone of 194 to 196 where trend-line joining earlier highs is lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 200 to 202 where top formed in the month of November-2016 is lying.

Broad range for the commodity in the coming week can be seen between 180 – 182 on downside & 198 – 200 on upside.

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

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

COPPER:

 

COPPER 1

 

COPPER (390.75) closed the week on a positive note gaining around 2.10%.

As we have mentioned last week that minor support for the commodity lies in the zone of 379 to 380. Support for the commodity lies in the zone of 375 to 377 where Fibonacci level are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 368 to 370. During the week the commodity manages to hit a low of 379.50 and close the week around the levels of 391.

Minor support for the commodity lies in the zone of 386 to 388. Support for the commodity lies in the zone of 380 to 382 where the commodity has taken support on couple of occasions. If the commodity manages to close below these levels then the commodity can drift to the levels of 375 to 377 where Fibonacci level is lying.

Minor resistance for the commodity lies in the zone of 388 to 390 where Fibonacci levels are lying. Resistance for the commodity lies in the zone of 393 to 395 where short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 405 to 407 where trend-line joining earlier highs is lying.

Broad range for the commodity in the coming week can be seen between 380 – 382 on downside & 400 – 403 on upside.

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

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

SILVER:

 

SILVER 1

 

SILVER (40909) closed the week on 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 40300 to 40400. Support for the commodity lies in the zone of 39900 to 39950 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 38300 to 38400 where the commodity has formed a bottom in the month of December-2016. During the week the commodity manages to hit a low of 39808 and close the week around the levels of 40909.

Minor support for the commodity lies in the zone of around 40300 to 40400. Support for the commodity lies in the zone of 39900 to 39950 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 38300 to 38400 where the commodity has formed a bottom in the month of December-2016.

Minor resistance for the commodity lies in the zone of 40100 to 40200. Resistance for the commodity lies in the zone of 41500 to 41700 where short & medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 42000 to 42200 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 39800 – 40000 on downside & 41800 – 42000 on upside.

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

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

GOLD:

 

GOLD 1

 

GOLD (28509) closed the week on a positive note gaining around 0.50%.

As we have mentioned last week that support for the commodity lies in the zone of 28100 to 28200 where Fibonacci level and short term bottom is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27500 to 27600. During the week the commodity manages to hit a low of 27907 and close the week around the levels of 28509.

Minor support for the commodity lies in the zone of 28300 to 28400. Support for the commodity lies in the zone of 28100 to 28200 where Fibonacci level and short term bottom is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27500 to 27600.

Resistance for the commodity lies in the zone of 28650 to 28750 where short & medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28850 to 29000 where Fibonacci levels and lows for the month of February-2017 are lying.

Broad range for the commodity in the coming week can be seen between 28000 – 28100 on downside & 28900 – 29000 on upside.

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

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

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on positive note gaining around 4.50%.

As we have mentioned last week that resistance for the stock lies in the zone of 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 970 to 980 where Fibonacci level is lying. During the week the stock manages to hit a high of 996 and close the week around the levels of 989.

Support for the stock lies in the zone of 970 to 975 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 945 to 950 from where the stock broke out after consolidation..

Minor resistance for the stock lies in the zone of 1000 to 1010. Resistance for the stock lies in the zone of 1020 to 1030 where the stock has formed a double top pattern in the month of August-2016 and November-2016.

Broad range for the stock is seen between 940 to 950 on downside & 1030 to 1040 on upside.

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

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

DABUR:

 

DABUR

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 272 to 274. 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. During the week the stock manages to hit a low of 271 and close the week around the levels of 278.

Minor support for the stock lies in the zone of 275 to 276. Support for the stock lies in the zone of 271 to 273 where the stock has taken multiple support on daily basis. If the stock manages to close below these levels then the stock can drift to the levels of 265 to 267 where Fibonacci level is lying.

Resistance for the stock lies in the zone of 280 to 282. 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 268 to 270 on downside & 288 to 290 on upside.

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

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

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever 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 890 to 900 where the stock has formed a high in the month of October-2016 and Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 930 to 940 where the stock has formed a top in the month of September-2016 and Fibonacci levels are lying. During the week the stock manages to hit a high of 917 and close the week around the levels of 903.

Support for the stock lies in the zone of 880 to 885 from where the stock broke out of double top pattern and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 860 to 865 where 200 Daily SMA and breakout levels are lying.

Minor resistance for the stock lies in the zone of 907 to 913. Resistance for the stock lies in the zone of 930 to 940 where the stock has formed a top in the month of September-2016 and Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 980 to 990 where life time highs for the stock is lying.

Broad range for the stock in coming week is seen between 870 to 875 on downside & 930 to 940 on upside.

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

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

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 6.80%.

As we have mentioned last week that resistance for the stock lies in the zone of 266 to 268 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 270 to 272 from where the stock has broken down on intraday basis. During the week the stock manages to hit a high of 289 and close the week around the levels of 281.

Support for the stock lies in the zone of 276 to 278 where the stock has opened gap up. If the stock manages to close below these levels then the stock can drift to the levels of 270 to 272 from where the stock broke out after consolidation.

Resistance for the stock lies in the zone of 282 to 284 where Fibonacci extension is lying. If the stock manages to close above these levels then the stock can move to the levels of 290 to 292 where life time highs for the stock is lying.

Broad range for the stock in coming week is seen between 270 to 272 on downside & 290 to 292 on upside.

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

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

CIPLA:

 

CIPLA

 

CIPLA 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 595 to 598. Resistance for the stock lies in the zone of 605 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. During the week the stock manages to hit a high of 606 and close the week around the levels of 597.

Minor support for the stock lies in the zone of 585 to 590. Support for the stock lies in the zone of 570 to 575 where medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 550 to 555 where 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 605 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 575 – 580 on downside & 615 – 620 on upside.

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

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

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 0.75%.

As we have mentioned last week that support for the stock lies in the zone of 2700 to 2730. As stock is trading below major support zone, no support for the stock is visible. Support for the stock lies in the zone of 2640 to 2650. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014. During the week the stock manages to hit a low of 2717 and close the week around the levels of 2736.

Support for the stock lies in the zone of 2700 to 2730. As stock is trading below major support zone, no support for the stock is visible. Support for the stock lies in the zone of 2640 to 2650. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014.

Resistance for the stock lies in the zone of 2780 to 2800 where the stock has opened gap down. If the stock manages to close above these levels then the stock can move to the levels of 2830 to 2840 from where the stock broke down after consolidation.

Broad range for the stock is seen from 2640 – 2650 on downside to 2800 – 2820 on upside.

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

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

LUPIN:

 

LUPIN

 

Lupin closed the week on positive note gaining around 0.65%.

As we have mentioned last week that support for the stock lies in the zone of 1420 to 1440 from where the stock has broken out of the consolidation zone. If the stock manages to close below these levels then the stock can drift to the levels of 1380 to 1400 where the stock has made a bottom in the month of June – 2016, November – 2016 & December – 2016. During the week the stock manages to hit a low of 1440 and close the week around the levels of 1457.

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 1455 to 1460. Resistance for the stock lies in the zone of 1480 to 1500 where Fibonacci level and short & medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1515 to 1520 where 200 Daily SMA is lying.

Broad range for the stock is seen from 1400 – 1410 on downside & 1480 – 1500 on upside.

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

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

SUN PHARMA:

 

SUNPHARMA

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 672 to 675. Support for the stock lies in the zone of 650 to 655 where Fibonacci levels 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 620 to 625 where the stock has taken multiple supports. During the week the stock manages to hit a low of 677 and close the week around the levels of 708.

Minor support for the stock lies in the zone of 695 to 700. Support for the stock lies in the zone of 680 to 685 from where the stock broke out after consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 660 to 665 where short & medium term moving averages are lying.

Resistance for the stock lies in the zone of 720 to 725 where trend-line joining lows of 704 & 710 and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 750 from where the stock sold off in the month of November-2016.

Broad range for the stock in the coming week can be 680 – 685 on lower side & 730 – 735 on upper side.

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

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

WIPRO:

 

WIPRO

 

Wipro closed the week on positive note gaining around 3.50%.

As we have mentioned last week that resistance for the stock lies in the zone 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. If the stock manages to close above these levels then the stock can move to the levels of 510 to 515 from where the stock broke down from the double bottom pattern. During the week the stock manages to hit a high of 507 and close the week around the levels of 504.

Support for the stock lies in the zone of 490 to 495 where Fibonacci level and 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 480 to 485 from where the stock broke out after consolidation.

Resistance for the stock lies in the zone of 510 to 515 from where the stock broke down from the double bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 525 to 530 from where the stock broke down in the month of August-2017.

Broad range for the stock in the coming week is seen between 480 to 485 on downside & 520 to 525 on upside.

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

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

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech 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 835 to 840. 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 Fibonacci level is lying. During the week the stock manages to hit a low of 837 and close the week around the levels of 866.

Minor support for the stock lies in the zone of 850 to 855. Support for the stock lies in the zone of 830 to 835 where the stock has taken multiple support and short term moving average is lying. If the stock manages to close below these levels then the stock can drift to the levels of 815 to 820 where Fibonacci level and medium term moving average 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 January-2017. 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 830 to 840 on downside & 890 to 900 on upside.

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

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

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on negative note losing around 0.65%.

As we have mentioned last week that minor support for the stock lies in the zone of 2510 to 2520. Support for the stock lies in the zone of 2460 to 2480 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2400 to 2420 where Fibonacci levels and 200 Daily SMA is lying. During the week the stock manages to hit a low of 2494 and close the week around the levels of 2526.

Minor support for the stock lies in the zone of 2510 to 2520. Support for the stock lies in the zone of 2460 to 2480 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2400 to 2420 where Fibonacci levels and 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 2560 to 2570 from where the stock broke down in August-2016 and also highs for the month of February-2017 is lying. If the stock manages to close above these levels then the stock can move to the levels of 2600 to 2620.

Broad range for the stock in the coming week is seen between 2400 to 2420 on downside & 2580 to 2600 on upside.

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

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

INFOSYS:

 

INFY

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 1000 to 1010. 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 1007 and close the week around the levels of 1040.

Minor support for the stock lies in the zone of 1020 to 1025. Support for the stock lies in the zone of 1000 to 1010 where Fibonacci level is lying. 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 1040 to 1050 where highs for the month of January-2017 and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 1080 to 1090 where the stock has faced multiple resistance in the month of August-2016 and October-2016.

Broad range for the stock in the coming week is seen between 1000 to 1010 on downside & 1060 to 1070 on upside.

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

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

STATE BANK OF INDIA:

 

SBIN

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 275 to 277 where the stock is facing multiple resistance. Resistance for the stock lies in the zone of 281 to 283 where highs for the month of February-2017 is lying. 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 280 and close the week around the levels of 274.

Minor support for the stock lies in the zone of 270 to 272. Support for the stock lies in the zone of 264 to 266 where short term moving averages and break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 262 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 275 to 277 where the stock is facing multiple resistance. Resistance for the stock lies in the zone of 281 to 283 where highs for the month of February-2017 is lying. 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 264 to 266 on lower side to 280 to 282 on upper side.

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

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

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 0.20%.

As we have mentioned last week that minor support for the stock lies in the zone of 510 to 515. Support for the stock lies in the zone of 498 to 502 from where the stock has broken out on daily basis. If the stock manages to close below these levels then the stock can drift to the levels of 475 to 480 where the stock has taken multiple support and short term moving averages are lying. During the week the stock manages to hit a low of 509 and close the week around the levels of 517.

Minor support for the stock lies in the zone of 510 to 515. Support for the stock lies in the zone of 498 to 502 from where the stock has broken out on daily basis. If the stock manages to close below these levels then the stock can drift to the levels of 475 to 480 where the stock has taken multiple support and short term moving averages are lying.

Minor resistance for the stock lies in the zone of 520 to 525. 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 495 – 500 on lower side & 530 – 535 on upper side.

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

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

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on positive note gaining around 3.70%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 275 to 277. Resistance for the stock lies in the zone of 280 to 282 where trend-line joining highs of 393, 298 and 292 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 288 and close the week around the levels of 281.

Minor support for the stock lies in the zone of 277 to 279. Support for the stock lies in the zone of 274 to 275 where Neck-line of Inverse H & S pattern 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 270 to 272 where medium term moving averages and Fibonacci level is lying.

Resistance for the stock lies in the zone of 280 to 282 where trend-line joining highs of 393, 298 and 292 is lying. If the stock manages to close above these levels then the stock can move to the levels of 288 to 290 where the stock is facing resistance.

Broad range for the stock in the coming week can be 270 – 272 on lower side & 290 – 292 on upper side.

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

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

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on positive note gaining around 1.80%.

As we have mentioned last week that resistance for the stock lies in the zone of 1410 to 1420 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 1445 to 1450 where life time highs for the stock is lying. During the week the stock manages to hit a high of 1427 and close the week around the levels of 1426.

Minor support for the stock lies in the zone of 1405 to 1415. Support for the stock lies in the zone of 1370 to 1380 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 1320 to 1330 from where the stock broke out from the September-2016 highs and Fibonacci levels are lying.

Resistance for the stock lies in the zone of 1420 to 1425 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 1445 to 1450 where life time highs for the stock is lying.

Broad range for the stock in the coming week can be 1380 to 1390 on lower side & 1450 to 1460 on upper side.

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

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

NIFTY MEDIA:

 

NIFTYMEDIA

 

Nifty Media index closed the week on positive note gaining around 0.90%.

As we have mentioned last week that minor resistance for the index lies in the zone of 3080 to 3100. Resistance for the index lies in the zone of 3140 to 3160 where life time highs for the index is lying. During the week the index manages to hit a high of 3126 and close the week around the levels of 3082.

Support for the index lies in the zone of 3030 to 3050 from where the index broke out of the February-2017 highs. Support for the index lies in the zone of 2975 to 3000 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 2920 to 2940 where the index has taken multiple support.

Minor resistance for the index lies in the zone of 3080 to 3100. Resistance for the index lies in the zone of 3140 to 3160 where life time highs for the index is lying.

Broad range for the index is seen between 3000 to 3030 on downside & 3150 to 3170 on upside.

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

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

NIFTY REALTY:

 

NIFTYREALT

 

Nifty REALTY index closed the week on positive note gaining around 4.90%.

As we have mentioned last week that minor resistance for the index lies in the zone of 200 to 202. Resistance for the index lies in the zone of 208 to 212 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 216 to 218 where the index has formed a top in the month of September-2016. During the week the index manages to hit a high of 209 and close the week around the levels of 208.

Minor support for the index lies in the zone of 203 to 205. Support for the index lies in the zone of 200 to 201 where the gap is lying on gap up opening. If the index manages to close below these levels then the index can drift to the levels of 195 to 197 from where the index broke out of February-2017 highs..

Resistance for the index lies in the zone of 208 to 212 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 216 to 218 where the index has formed a top in the month of September-2016.

Broad range for the index is seen between 198 to 200 on downside & 216 to 218 on upside.

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

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

NIFTY PSU BANK:

 

NIFTYPSUBA

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 3290 to 3310. Resistance for the index lies in the zone of 3350 to 3380 from where the index broke down couple of times. If the index manages to close above these levels then the index can move to the levels of 3450 to 3480 where the index has formed a double top pattern and Fibonacci levels are lying. During the week the index manages to hit a high of 3398 and close the week around the levels of 3327.

Minor support for the index lies in the zone of 3280 to 3300. Support for the index lies in the zone of 3180 to 3210 where short & medium term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3030 to 3050 where 200 Daily SMA and break out levels are lying.

Resistance for the index lies in the zone of 3350 to 3380 from where the index broke down couple of times. If the index manages to close above these levels then the index can move to the levels of 3450 to 3480 where the index has formed a double top pattern and Fibonacci levels are lying.

Broad range for the index is seen between 3200 to 3230 on downside & 3430 to 3450 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week that support for the index lies in the zone of 2980 to 3000 where short term moving averages and bottom for the month of February-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of 2890 to 2910 from where the index broke out from November-2016 and December-2016 highs. During the week the index manages to hit a low of 3022 and close the week around the levels of 3127.

Minor support for the index lies in the zone of 3080 to 3100. Support for the index lies in the zone of 2990 to 3020 where short term moving averages and bottom for the month of February-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of 2890 to 2910 from where the index broke out from November-2016 and December-2016 highs.

Resistance for the index lies in the zone of 3150 to 3180 from where the index broke down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 3220 to 3250.

Broad range for the index is seen between 3000 to 3030 on downside & 3220 to 3250 on upside.

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

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

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 1.20%.

As we have mentioned last week that minor resistance for the index lies in the zone of 11400 to 11450. The index is trading at the life time highs so virtually no resistance is lying. Resistance for the index lies in the zone of 11600 to 11650 where Fibonacci extension is lying. During the week the index manages to hit a high of 11625 and close the week around the levels of 11487.

Minor support for the index lies in the zone of 11400 to 11450. Support for the index lies in the zone of 11150 to 11200 where the index has taken multiple support in the month of March-2017. 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 10600 to 10700 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 11600 to 11650 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 11750 to 11800.

Broad range for the index is seen between 11150 to 11200 on downside & 11700 to 11750 on upside.

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

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

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 2.35%.

As we have mentioned last week that minor resistance for the index lies in the zone of 9820 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 and February-2017. 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 10088 and manages to close the week around the levels of 10009.

Minor support for the index lies in the zone of 9880 to 9910. Support for the index lies in the zone of 9800 to 9820 where the index has opened gap up. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9650 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 and February-2017. 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 9800 to 9850 on downside & 10200 to 10250 on upside.

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

EquityPandit’s Outlook for NIFTY Pharma for the week (March 20, 2017 – March 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 minor support for the index lies in the zone of 10450 to 10500. 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. During the week the index manages to hit a low of 10469 and close the week around the levels of 10675.

Minor support for the index lies in the zone of 10500 to 10550. Support for the index lies in the zone of 10250 to 10350 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 10750 to 10850 where highs for the month of February-2017 is lying. If the index manages to close above these levels then 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 10400 to 10450 on downside & 10900 to 11000 on upside.

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

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

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 5.10%.

As we have mentioned last week that 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. During the week the index manages to hit a high of 23843 and close the week around the levels of 23491.

Minor support for the index lies in the zone of 23200 to 23300. Support for the index lies in the zone of 22900 to 23000 from where the index opened gap up. If the index manages to close below these levels then the index can drift to the levels of 22300 to 22500 where the index has taken multiple support.

Minor resistance for the index lies in the zone of 23600 to 23650. Resistance for the index lies in the zone of 23850 to 23950 where the index has posted a life time highs. If the index manages to close above these levels then the index can move to the levels of 24350 to 24500.

Broad range for the index in the coming week is seen from 22500 to 22600 on downside & 24300 to 24500 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT index ended the week on positive note gaining around 1.40%.

As we have mentioned last week that minor support for the index lies in the zone of 10650 to 10680. Support for the index lies in the zone of 10500 to 10550 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. During the week the index manages to hit a low of 10678 and close the week around the levels of 10900.

Minor support for the index lies in the zone of 10750 to 10800. Support for the index lies in the zone of 10600 to 10650 where the index has taken multiple support. 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 has broken out from the double top pattern and 200 Daily SMA is lying.

Resistance for the index lies in the zone of 11000 to 11050 where long term Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11300 from where the index broke down in the month of August-2016.

Broad range for the index in the coming week is seen from 10600 to 10650 on downside & 11250 to 11300 on upside.

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

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

NIFTY BANK:

 

BANKNIFTY

 

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

As we have mentioned last week that resistance for the index lies in the zone of 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. During the week the index manages to hit a high of 21336 and close the week around the levels of 21175.

Support for the index lies in the zone of 20900 to 21000 from where the index broke out on gap up opening. If the index manages to close below these levels then the index can drift to the levels of 20500 to 20600 where the index has taken multiple support.

Resistance for the index lies in the zone of 21275 to 21350 where the index is facing resistance. If the index manages to close above these levels for couple of days then the index can move to the levels of 21700 to 21800.

Range for the week is seen from 20500 to 20600 on downside & 21500 to 21600 on upside.

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

Equityandit’s Outlook for Nifty for week (March 20, 2017 – March 24, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that resistance for the index lies in the zone of 8970 to 9000 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 9080 to 9120 where life time highs for the index is lying. During the week the index manages to hit a high of 9218 and close the week around the levels of 9160.

Support for the index lies in the zone of 9080 to 9120 from where the index broke out of the previous highs. If the index manages to close below these levels then the index can drift to the levels of 8950 to 8980 levels where the index has formed a gap.

The index is trading at life time highs so virtually no resistance is visible. Resistance for the index lies in the zone of 9220 to 9250. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying.

Broad range for the week is seen from 8900 on downside & 9300 on upside.

MCX Tips for – Friday, March 17, 2017

Gold (28411): Gold Future has entered into positive zone and traders can hold long positions until Gold Future closes below 28178 levels. Traders can initiate long positions on every dip until Gold Future closes below 28178 levels.

Silver (40598):  Silver has entered into positive zone and traders can go long at every dip or hold long positions until Silver closes below 40270 levels. Traders can go short once Silver Future closes below 40270 levels.

Crude (3192): 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 3259 levels.

Natural Gas (192.00): NG Future has entered into negative zone. Traders can hold short positions and can initiate short positions at every positive rally until NG Future closes above 199.05 levels. Traders can go long if Natural Gas Future closes above 199.05 levels.

Copper (387.75): 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 388.60.

Zinc (184.35): Zinc is trading into positive zone. Traders can hold long position or can initiate long position on every dip until Zinc is trading below 180.80 levels. Traders can go short only it Zinc closes below 180.80 levels.

Lead (146.55): Lead is trading into negative zone. Lead Future would enter into positive zone once it closes above 149.60 levels. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 149.60 levels.

Nickel (666.70):  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 687.40 levels.

Aluminium (123.85):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 124.65 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 – Friday, March 17, 2017

equitypandit_square

Indian Stock Market In Positive Momentum, Hold Long Positions

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit also predicted that Indian Stock Market is headed towards new highs and exactly same happened. Indian Stock Market moved sharply positive. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open flat with positive bias. Technically, Indian Stock Market is still in positive zone. Traders can continue to hold long positions and could also go long at dips. Currently, ICICI Bank, Oriental Bank and Bank Of India are available at good valuation. Traders can go long in Banking sector stocks or BankNifty. Overall, market is in positive momentum and would continue to see new highs. Investors are also suggested to hold with their investments until Nifty holds 9073 levels on closing basis.

FIIs were net buyers of Rs.1360.10 crores whereas DIIs were net sellers of Rs.88.17 crores in cash market for last trading session. Nifty would see strong support at 9120-9097-9060-9020 whereas strong resistance would be seen at 9180-9200-9218 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: (9154) The support for the Nifty is 9120-9097-9060-9020 and the resistance to the up move is at 9180-9200-9218 levels.

NSE BankNifty: (21250) The support for BankNifty is at 21185-21055-20985-20900 and the resistance to the up move is at 21275-21380-21500-21720 levels.

BSE Sensex: (29586) The support for the Sensex is at 29480-29350-29240-29154 and the resistance to the up move is at 29660-29700-29880 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 – Thursday, March 16, 2017

Gold (27985): Gold Future is trading in negative zone and traders can hold short positions until Gold Future closes above 28200 levels. Traders can initiate short positions on every rise until Gold Future closes above 28200 levels.

Silver (40045):  Silver is trading into negative zone and traders can short at every rise or hold short positions until Silver closes above 40486 levels. Traders can go long once Silver Future closes above 40486 levels.

Crude (3178): 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 3259 levels.

Natural Gas (195.40): NG Future has entered into negative zone. Traders can hold short positions and can initiate short positions at every positive rally until NG Future closes above 201.10 levels. Traders can go long if Natural Gas Future closes above 201.10 levels.

Copper (386.80): 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 388.60.

Zinc (183.70): Zinc has entered into positive zone. Traders can hold long position or can initiate long position on every dip until Zinc is trading below 177.70 levels. Traders can go short only it Zinc closes below 177.70 levels.

Lead (147.35): Lead is trading into negative zone. Lead Future would enter into positive zone once it closes above 149.60 levels. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 149.60 levels.

Nickel (671.50):  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 687.40 levels.

Aluminium (123.30):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 124.65 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 – Thursday, March 16, 2017

equitypandit_square

All Major Events Finished, Now Indian Market Headed Towards New Highs

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with 0.15 points negative for Nifty. EquityPandit predicted that Indian Stock Market would consolidate before US FED decision and exactly same happened. Market saw lows right near EquityPandit’s predicted support levels of 9080 levels for Nifty, 29350 levels for Sensex and 21055 levels for BankNifty. Finally, Indian Stock Market managed to close flat for the day as per EquityPandit’s predictions.

Today: Indian Stock Market would open gap positive. Technically, Indian Stock Market is still in positive zone. All major events like UP Polls and US FED Interest Rate hike have been finished which will now remove uncertainty from the markets and Indian Stock Market would head towards new highs. Indian Stock Market would move positive and traders should hold long positions or go long at every dip in the market. BankNifty would achieve EquityPandit’s target of 21500-22000 soon. Nifty would also see targets of 9180-9220-9300, soon. EquityPandit suggested yestereday to go long at dips and traders who followed EquityPandit’s advice would earn whopping profits today. Investors can go long in bluechip companies and Banking sector. Overall, market is positive and all trades should be in long side.

FIIs were net buyers of Rs.1141.13 crores whereas DIIs were net sellers of Rs.126.75 crores in cash market for last trading session. Nifty would see strong support at 9060-9020-9000-8960 whereas strong resistance would be seen at 9122-9180-9200-9218 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: (9085) The support for the Nifty is 9060-9020-9000-8960 and the resistance to the up move is at 9122-9180-9200-9218 levels.

NSE BankNifty: (21158) The support for BankNifty is at 21055-20985-20900-20850-20740 and the resistance to the up move is at 21275-21380-21500-21720 levels.

BSE Sensex: (29398) The support for the Sensex is at 29350-29240-29154-29060 and the resistance to the up move is at 29500-29570-29700-29880 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, March 15, 2017

Gold (28076): Gold Future is trading in negative zone and traders can hold short positions until Gold Future closes above 28400 levels. Traders can initiate short positions on every rise until Gold Future closes above 28400 levels.

Silver (40083):  Silver is trading into negative zone and traders can short at every rise or hold short positions until Silver closes above 40876 levels. Traders can go long once Silver Future closes above 40876 levels.

Crude (3136): 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 3259 levels.

Natural Gas (194): NG Future has entered into negative zone. Traders can hold short positions and can initiate short positions at every positive rally until NG Future closes above 204.95 levels. Traders can go long if Natural Gas Future closes above 204.95 levels.

Copper (385.50): 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 388.60.

Zinc (180.30): Zinc is trading into negative zone. Traders can hold short position or can initiate short position on every rise until Zinc is trading below 182.05 levels. Traders can go long only it Zinc closes above 182.05 levels.

Lead (146.35): Lead is trading into negative zone. Lead Future would enter into positive zone once it closes above 150.95 levels. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 150.95 levels.

Nickel (672.80):  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 687.40 levels.

Aluminium (122.30):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 125.10 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 – Wednesday, March 15, 2017

equitypandit_square

Indian Market Would Consolidate Before US FED Decision, Go Long At Dips

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive with 150+ points for Nifty and 300+ points for Sensex. EquityPandit predicted that Indian Stock Market would see Lifetime highs and exactly same happened. EquityPandit also predicted that market would see some profit booking after higher opening. Indian Stock Market, including Nifty, Sensex and BankNifty saw Lifetime highs as per EquityPandit’s predictions. Market saw profit booking as per EquityPandit’s predictions. EquityPandit also suggested traders and investors to go long in ICICI Bank and exactly same happened. ICICI Bank was the biggest gainer in the Banking sector for the day. Traders, who followed EquityPandit’s advice might have earned whopping profits for the day. Nifty saw highs right near EquityPandit’s predicted resistance levels of 9120 like a dot. Finally, Indian Stock Market closed gap positive for the day. Nifty closed right above EquityPandit’s predicted support levels of 9080 like a dot.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone. Market would remain buy on dips until Nifty holds 9011 levels and BankNifty holds 20917 levels on closing basis. Market would now wait for US FED interest rate hike before moving further. Nifty would enter into negative zone only if it closes below 9011 levels, until then traders can go long at every dip in the market. Once the event of US FED Interest rate hike get faded then BankNifty would start its move towards 21500-22000. Nifty, once breaches levels of 9122 would head towards next target of 9220 levels.

FIIs were net buyers of Rs.4087.89 crores whereas DIIs were net sellers of Rs.1519.94 crores in cash market for last trading session. Nifty would see strong support at 9080-9020-9000-8960 whereas strong resistance would be seen at 9122-9180-9200-9218 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: (9087) The support for the Nifty is 9080-9020-9000-8960 and the resistance to the up move is at 9122-9180-9200-9218 levels.

NSE BankNifty: (21103) The support for BankNifty is at 21055-20985-20900-20850-20740 and the resistance to the up move is at 21275-21380-21500-21720 levels.

BSE Sensex: (29443) The support for the Sensex is at 29350-29240-29154-29060 and the resistance to the up move is at 29570-29700-29880 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, March 14, 2017

Gold (28251): Gold Future is trading in negative zone and traders can hold short positions until Gold Future closes above 28556 levels. Traders can initiate short positions on every rise until Gold Future closes above 28556 levels.

Silver (40418):  Silver is trading into negative zone and traders can short at every rise or hold short positions until Silver closes above 41152 levels. Traders can go long once Silver Future closes above 41152 levels.

Crude (3203): 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 3290 levels.

Natural Gas (202): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every negative rally until NG Future closes below 195.70 levels. Traders can go short if Natural Gas Future closes below 195.70 levels.

Copper (385.45): 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 388.60.

Zinc (181.20): Zinc is trading into negative zone. Traders can hold short position or can initiate short position on every rise until Zinc is trading below 182.05 levels. Traders can go long only it Zinc closes above 182.05 levels.

Lead (150.00): Lead is trading into negative zone. Lead Future would enter into positive zone once it closes above 151.45 levels. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 151.45 levels.

Nickel (675.40):  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 687.40 levels.

Aluminium (123.90):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 126.25 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, March 14, 2017

equitypandit_square

Market To See Lifetime Highs Today, BankNifty Headed Towards 21500-22000

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that last trading session would be the last day of consolidation and would see breakout from the range on Tuesday and exactly same happened. Indian Stock Market consolidated for the whole day between Equitypandit’s predicted resistance and support levels. Indian Stock Market moved sharply higher but saw highs right near EquityPandit’s predicted resistance levels of 8969 for Nifty and 29080 for Sensex like a dot. Nifty saw profit booking from there and saw lows right near EquityPandit’s predicted support levels of 8897 for Nifty. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market would open gap positive with 150+ points for Nifty and 300+ points for Sensex. BJP’s clear sweep in UP was a big positive surprise for the market. Market would see lifetime highs today. Some profit booking can be seen from higher levels but overall market is positive for now and BankNifty is headed towards 21500-22000 in upcoming days. Global Market would wait for US FED Interest rate hike. Overall, market is positive and traders should go long at every dip in the market. Investors can look into ICICI Bank and SBI for investments as these stocks are undervalued and would move up sharply in days to come.

FIIs were net buyers of Rs.412.14 crores whereas DIIs were net sellers of Rs.13.91 crores in cash market for last trading session. Nifty would see strong support at 8897-8850-8815 whereas strong resistance would be seen at 8969-8982-9005-9120 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: (8935) The support for the Nifty is 9080-9020-9000-8960 and the resistance to the up move is at 9120-9180-9200-9218 levels.

NSE BankNifty: (20728) The support for BankNifty is at 21120-21000-20950-20850 and the resistance to the up move is at 21200-21380-21500-21720 levels.

BSE Sensex: (28946) The support for the Sensex is at 29240-29154-29060-29000 and the resistance to the up move is at 29325-29500-29700 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 (March 13, 2017 – March 17, 2017)

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

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS (199.90) closed the week with a positive note gaining around 6.80%.

As we have mentioned last week that 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. During the week the commodity manages to hit a high of 202.20 and close the week around the levels of 199.90.

Minor support for the commodity lies in the zone of 195 to 197. Support for the commodity lies in the zone of 188 to 190 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 183 to 185 from where the commodity broke out after consolidation

Resistance for the commodity lies in the zone of 200 to 202 where 200 Daily SMA and Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 210 to 212 where short & medium term moving averages and Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 188 – 190 on downside & 210 – 212 on upside.

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

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

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3229) closed the week on a negative note losing around 9.20%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 3580 to 3600. 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. During the week the commodity manages to hit a high of 3588 and close the week around the levels of 3229.

Minor support for the commodity lies in the zone of 3200 to 3210. Support for the commodity lies in the zone of 3150 to 3170 from where the commodity broke out after consolidation. If the commodity manage to close below these levels then the commodity can drift to the levels of 3080 to 3100 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 3260 to 3290 where 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3330 to 3350 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 3100 – 3120 on downside & 3300 – 3320 on upside.

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

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

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (124.60) closed the week on a negative note losing around 1.20%.

As we have mentioned last week that 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 Fibonacci level is lying. During the week the commodity manages to hit a low of 123.25 and close the week around the levels of 124.60.

Support for the commodity lies in the zone of around 123 to 124 from where commodity broke out after consolidation, 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 120 to 121 where Fibonacci level is lying.

Minor resistance for the commodity lies in the zone of 125 to 125.50. 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 129 to 130 where the commodity has formed a high in the month of August-2013 and November-2014.

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 (March 13, 2017 – March 17, 2017)

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

NICKEL:

 

NICKEL 1

 

NICKEL (660.50) closed the week on a negative note losing around 10.20%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 738 to 740. 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 740 and close the week around the levels of 660.50.

Minor support for the commodity lies in the zone of 650 to 655. Support for the commodity lies in the zone of 635 to 640 where the commodity has formed a bottom in the month of January-2017. If the commodity manages to close below these levels then the commodity can witness a free fall to the levels of around 600.

Minor resistance for the commodity lies in the zone of 670 to 675. Resistance for the commodity lies in the zone of 680 to 685 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 695 to 700 where 200 Daily SMA is lying.

Broad range for the commodity in the coming week can be seen between 600 – 610 on downside & 700 – 710 on upside.

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

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

LEAD:

 

LEAD 1

 

LEAD (150.25) closed the week on absolutely flat note.

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 147 and close the week around the levels of 150.25.

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 (March 13, 2017 – March 17, 2017)

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

ZINC:

 

ZINC 1

 

ZINC (180.00) closed the week with a negative note losing around 3.20%.

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 176.55 and close the week around the levels of 180.

Support for the commodity lies in the zone of 179 to 181 from where the commodity broke out after consolidation and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 173 to 175 from where the commodity broke out after consolidation.

Minor resistance for the commodity lies in the zone of 181 to 182. Resistance for the commodity lies in the zone of 185 to 186 from where the commodity broke down from the double bottom pattern. If the commodity manages to close above these levels then the commodity can move to the levels of 188 to 190.

Broad range for the commodity in the coming week can be seen between 170 – 172 on downside and 190 – 192 on upside.

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

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

COPPER:

 

COPPER 1

 

COPPER (382.80) closed the week on a negative note losing around 4.00%.

As we have mentioned last week that support for the commodity lies in the zone of 388 to 390 where Fibonacci level and low for the month of February-2017 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 and medium term moving averages are lying. During the week the commodity manages to hit a low of 379 and close the week around the levels of 383.

Minor support for the commodity lies in the zone of 379 to 380. Support for the commodity lies in the zone of 375 to 377 where Fibonacci level are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 368 to 370.

Minor resistance for the commodity lies in the zone of 385 to 386. Resistance for the commodity lies in the zone of 388 to 390 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 393 to 395 where short term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 368 – 370 on downside & 395 – 397 on upside.

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

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

SILVER:

 

SILVER 1

 

SILVER (40528) closed the week with a negative note losing around 5.60%.

As we have mentioned last week that 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. During the week the commodity manages to hit a high of 42799 and sold off to close the week around the levels of 40528.

Minor support for the commodity lies in the zone of around 40300 to 40400. Support for the commodity lies in the zone of 39900 to 39950 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 38300 to 38400 where the commodity has formed a bottom in the month of December-2016.

Minor resistance for the commodity lies in the zone of 40700 to 40800. Resistance for the commodity lies in the zone of 41500 to 41700 where short & medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 42000 to 42200 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 38800 – 38900 on downside & 41800 – 42000 on upside.

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

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

GOLD:

 

GOLD 1

 

GOLD (28366) closed the week with a negative note losing around 2.20%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 29250 to 29350. Resistance for the commodity 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. During the week the commodity manages to hit a high of 29189 and sold off to close the week around the levels of 28366.

Support for the commodity lies in the zone of 28100 to 28200 where Fibonacci level and short term bottom is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27500 to 27600.

Minor resistance for the commodity lies in the zone of 28400 to 28500. Resistance for the commodity lies in the zone of 28650 to 28750 where short & medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28850 to 29000 where Fibonacci levels and lows for the month of February-2017 are lying.

Broad range for the commodity in the coming week can be seen between 27500 – 27600 on downside & 28900 – 29000 on upside.

MCX Tips for – Monday, March 13, 2017

Gold (28366): Gold Future is trading in negative zone and traders can hold short positions until Gold Future closes above 28599 levels. Traders can initiate short positions on every rise until Gold Future closes above 28599 levels.

Silver (40528):  Silver is trading into negative zone and traders can short at every rise or hold short positions until Silver closes above 41310 levels. Traders can go long once Silver Future closes above 41310 levels.

Crude (3229): 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 3367 levels.

Natural Gas (199.90): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every negative rally until NG Future closes below 192.90 levels. Traders can go short if Natural Gas Future closes below 192.90 levels.

Copper (382.80): 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 388.60.

Zinc (180.00): Zinc is trading into negative zone. Traders can hold short position or can initiate short position on every rise until Zinc is trading below 182.05 levels. Traders can go long only it Zinc closes above 182.05 levels.

Lead (150.25): Lead is trading into negative zone. Lead Future would enter into positive zone once it closes above 151.45 levels. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 151.45 levels.

Nickel (660.50):  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 687.40 levels.

Aluminium (124.60):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 126.25 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.

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Colgate Palmolive Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week (March 14, 2017 – March 17, 2017) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on positive note gaining around 4.00%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 949 and close the week around the level of 946.

Support for the stock lies in the zone of 920 to 925 where 200 Daily SMA and break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 900 to 905 from where the stock broke out on intraday basis.

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 970 to 980 where Fibonacci level is lying.

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

Dabur Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for DABUR for the week (March 14, 2017 – March 17, 2017) :

DABUR:

 

DABUR

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 272 to 274. 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. During the week the stock manages to hit a low of 273 and close the week around the levels of 273.

Minor support for the stock lies in the zone of 272 to 274. 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 276 to 278 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 264 to 266 on downside & 280 to 282 on upside.

Hindustan Unilever Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week (March 14, 2017 – March 17, 2017) :

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on negative note losing around 0.20%.

As we have mentioned last week that support for the stock lies in the zone 860 to 865 where 200 Daily SMA and breakout levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 850 to 855 where Fibonacci levels are lying. During the week the stock manages to hit a low of 862 and close the week around 875.

Support for the stock lies in the zone 860 to 865 where 200 Daily SMA and breakout levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 850 to 855 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 890 to 900 where the stock has formed a high in the month of October-2016 and Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 930 to 940 where the stock has formed a top in the month of September-2016 and Fibonacci levels are lying.

Broad range for the stock in coming week is seen between 855 to 860 on downside & 900 to 910 on upside.

ITC Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for ITC for the week (March 14, 2017 – March 17, 2017) :

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 0.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 266 to 268 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 270 to 272 from where the stock has broken down on intraday basis. During the week the stock manages to hit a high of 266 and close the week around the levels of 263.

Support for the stock lies in the zone of 258 to 260 where the stock has formed a bottom in the month of January-2017 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 249 to 251 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 266 to 268 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 270 to 272 from where the stock has broken down on intraday basis.

Broad range for the stock in coming week is seen between 253 to 255 on downside & 268 to 270 on upside.

Cipla Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for Cipla for the week (March 14, 2017 – March 17, 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 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 583 and close the week around the levels of 589.

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 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.

Minor resistance for the stock lies in the zone of 595 to 598. Resistance for the stock lies in the zone of 605 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 (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week (March 14, 2017 – March 17, 2017) :

DR. REDDY:

 

DRREDDY

 

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

As we have mentioned last week that support for the stock lies in the zone of 2820 to 2840 levels where the stock has taken multiple support in the month of February-2016 & May-2016 and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2700 to 2730. During the week the stock manages to hit a low of 2700 and close the week around the levels of 2716.

Support for the stock lies in the zone of 2700 to 2730. As stock is trading below major support zone, no support for the stock is visible. Support for the stock lies in the zone of 2640 to 2650. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014.

Minor resistance for the stock lies in the zone of 2735 to 2745. Resistance for the stock lies in the zone of 2780 to 2800 where the stock has opened gap down. If the stock manages to close above these levels then the stock can move to the levels of 2830 to 2840 from where the stock broke down after consolidation.

Broad range for the stock is seen from 2640 – 2650 on downside to 2800 – 2820 on upside.

Lupin Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for Lupin for the week (March 14, 2017 – March 17, 2017) :

LUPIN:

 

LUPIN

 

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

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 1515 to 1520 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. During the week the stock manages to hit a high of 1482 and close the week around the levels of 1447.

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 1455 to 1460. Resistance for the stock lies in the zone of 1480 to 1500 where Fibonacci level and short & medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1515 to 1520 where 200 Daily SMA is lying.

Broad range for the stock is seen from 1400 – 1410 on downside & 1480 – 1500 on upside.

Sun Pharma Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for Sun Pharma for the week (March 14, 2017 – March 17, 2017) :

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA 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 672 to 675. Support for the stock lies in the zone of 650 to 655 where Fibonacci levels 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 620 to 625 where the stock has taken multiple supports. During the week the stock manages to hit a low of 673 and close the week around the levels of 683.

Minor support for the stock lies in the zone of 672 to 675. Support for the stock lies in the zone of 650 to 655 where Fibonacci levels 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 620 to 625 where the stock has taken multiple supports.

Resistance for the stock lies in the zone of 695 to 700 from where the stock sold off on 07/12/2016. If the stock manages to close above these levels then the stock can move to the levels of 720 to 725 where trend-line joining lows of 704 & 710 and 200 Daily SMA is lying.

Broad range for the stock in the coming week can be 665 – 670 on lower side & 710 – 715 on upper side.

Wipro Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for Wipro for the week (March 14, 2017 – March 17, 2017) :

WIPRO:

 

WIPRO

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 495 to 500 where the stock has form a top in the month of October-2016, Fibonacci level and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 510 to 515 from where the stock broke down from the double bottom pattern. During the week the stock manages to hit a high of 500 and close the week around the levels of 487.

Minor support for the stock lies in the zone of 483 to 485. Support for the stock lies in the zone of 470 to 475 where the stock has taken multiple support 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 460 to 463 from where the stock has broken out of consolidation zone.

Resistance for the stock lies in the zone 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. If the stock manages to close above these levels then the stock can move to the levels of 510 to 515 from where the stock broke down from the double bottom pattern.

Broad range for the stock in the coming week is seen between 470 to 475 on downside & 505 to 510 on upside.

HCL Tech Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for HCL Tech for the week (March 14, 2017 – March 17, 2017) :

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on negative note losing around 0.80%.

As we have mentioned last week that minor support for the stock lies in the zone of 835 to 840. 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 841 and close the week around the levels of 846.

Minor support for the stock lies in the zone of 835 to 840. 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 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 January-2017. 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 820 to 830 on downside & 870 to 880 on upside.

TCS Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for TCS for the week (March 14, 2017 – March 17, 2017) :

TATA CONSULTANCY SERVICES:

 

TCS

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a low of 2455 and close the week around the levels of 2542.

Minor support for the stock lies in the zone of 2510 to 2520. Support for the stock lies in the zone of 2460 to 2480 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2400 to 2420 where Fibonacci levels and 200 Daily SMA is lying.

Resistance for the stock lies in the zone of 2560 to 2570 from where the stock broke down in August-2016 and also highs for the month of February-2017 is lying. If the stock manages to close above these levels then the stock can move to the levels of 2600 to 2620.

Broad range for the stock in the coming week is seen between 2460 to 2480 on downside & 2600 to 2620 on upside.

Infosys Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for Infosys for the week (March 14, 2017 – March 17, 2017) :

INFOSYS:

 

INFY

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 1000 to 1010. 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 999 and close the week around the levels of 1022.

Minor support for the stock lies in the zone of 1000 to 1010. 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 1040 to 1050 where highs for the month of January-2017 and 200 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 1080 to 1090 where the stock has faced multiple resistance in the month of August-2016 and October-2016.

Broad range for the stock in the coming week is seen between 990 to 1000 on downside & 1050 to 1060 on upside.

SBI Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for SBI for the week (March 14, 2017 – March 17, 2017) :

STATE BANK OF INDIA:

 

SBIN

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 267 to 269 from where the stock broke down after consolidating for 2 weeks. Resistance for the stock lies in the zone of 275 to 277 where the stock is facing multiple resistance. 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 276 and close the week around the levels of 272.

Minor support for the stock lies in the zone of 266 to 268. Support for the stock lies in the zone of 260 to 262 where short term and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 250 to 252 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 275 to 277 where the stock is facing multiple resistance. Resistance for the stock lies in the zone of 281 to 283 where highs for the month of February-2017 is lying. 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 (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for Axis Bank for the week (March 14, 2017 – March 17, 2017) :

AXIS BANK:

 

AXISBANK

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 510 to 515. Support for the stock lies in the zone of 498 to 502 from where the stock has broken out on daily basis. If the stock manages to close below these levels then the stock can drift to the levels of 475 to 480 where the stock has taken multiple support and short term moving averages are lying. During the week the stock manages to hit a low of 500 and close the week around the levels of 516.

Minor support for the stock lies in the zone of 510 to 515. Support for the stock lies in the zone of 498 to 502 from where the stock has broken out on daily basis. If the stock manages to close below these levels then the stock can drift to the levels of 475 to 480 where the stock has taken multiple support and short term moving averages are lying.

Minor resistance for the stock lies in the zone of 520 to 525. 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 495 – 500 on lower side & 530 – 535 on upper side.

ICICI Bank Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for ICICI Bank for the week (March 14, 2017 – March 17, 2017) :

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on negative note losing around 2.00%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 279 to 280. Resistance for the stock lies in the zone of 283 to 285 where trend-line joining highs of 393, 298 and 292 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 279 and close the week around the levels of 271.

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 260 to 262 where 200 Daily SMA and Fibonacci level is lying.

Minor resistance for the stock lies in the zone of 275 to 277. Resistance for the stock lies in the zone of 280 to 282 where trend-line joining highs of 393, 298 and 292 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 260 – 262 on lower side & 280 – 282 on upper side.

HDFC Bank Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for HDFC Bank for the week (March 14, 2017 – March 17, 2017) :

HDFC BANK:

 

HDFCBANK

 

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

As we have mentioned last week that 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 and Fibonacci levels are lying. During the week the stock manages to hit a low of 1373 and close the week around the levels of 1400.

Minor support for the stock lies in the zone of 1380 to 1385. Support for the stock lies in the zone of 1350 to 1360 where the stock had a gap up opening. If the stock manages to close below these levels then the stock can drift to the levels of 1320 to 1330 from where the stock broke out from the September-2016 highs and Fibonacci levels are lying.

Resistance for the stock lies in the zone of 1410 to 1420 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 1445 to 1450 where life time highs for the stock is lying.

Broad range for the stock in the coming week can be 1360 to 1370 on lower side & 1430 to 1440 on upper side.

Nifty Media Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for NIFTY MEDIA for the week (March 14, 2017 – March 17, 2017) :

NIFTY MEDIA:

 

NIFTYMEDIA

 

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

As we have mentioned last week that resistance for the index lies in the zone of 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. During the week the index manages to hit a high of 3076 and close the week around the levels of 3056.

Minor support for the index lies in the zone of 3020 to 3030. Support for the index lies in the zone of 2975 to 3000 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 2920 to 2940 where the index has taken multiple support.

Minor resistance for the index lies in the zone of 3080 to 3100. Resistance for the index lies in the zone of 3140 to 3160 where life time highs for the index is lying.

Broad range for the index is seen between 2930 to 2960 on downside & 3140 to 3160 on upside.

Nifty Realty Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for NIFTY REALTY for the week (March 14, 2017 – March 17, 2017) :

NIFTY REALTY:

 

NIFTYREALT

 

Nifty REALTY index closed the week on absolutely flat note.

As we have mentioned last week that minor resistance for the index lies in the zone of 200 to 202. Resistance for the index lies in the zone of 208 to 212 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 216 to 218 where the index has formed a top in the month of September-2016. During the week the index manages to hit a high of 202.50 and close the week around the levels of 198.25.

Minor support for the index lies in the zone of 194 to 196. Support for the index lies in the zone of 190 to 192 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 184 to 186 where the index broke out and short term moving averages are lying.

Minor resistance for the index lies in the zone of 200 to 202. Resistance for the index lies in the zone of 208 to 212 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 216 to 218 where the index has formed a top in the month of September-2016.

Broad range for the index is seen between 190 to 192 on downside & 206 to 208 on upside.

Nifty PSU Bank Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for NIFTY PSU BANK for the week (March 14, 2017 – March 17, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on positive note gaining around 1.50%.

As we have mentioned last week that minor resistance for the index lies in the zone of 3250 to 3270. Resistance for the index lies in the zone of 3350 to 3380 from where the index broke down couple of times. If the index manages to close above these levels then the index can move to the levels of 3450 to 3480 where the index has formed a double top pattern and Fibonacci levels are lying. During the week the index manages to hit a high of 3315 and close the week around the levels of 3273.

Minor support for the index lies in the zone of 3220 to 3240. Support for the index lies in the zone of 3170 to 3190 where short & medium term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3000 to 3030 where 200 Daily SMA and break out levels are lying.

Minor resistance for the index lies in the zone of 3290 to 3310. Resistance for the index lies in the zone of 3350 to 3380 from where the index broke down couple of times. If the index manages to close above these levels then the index can move to the levels of 3450 to 3480 where the index has formed a double top pattern and Fibonacci levels are lying.

Broad range for the index is seen between 3100 to 3130 on downside & 3350 to 3380 on upside.

Nifty Metal Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for NIFTY METAL for the week (March 14, 2017 – March 17, 2017) :

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on negative note losing around 4.80%.

As we have mentioned last week that minor support for the index lies in the zone of 3140 to 3160. Support for the index lies in the zone of 3080 to 3100 where the index has taken multiple support. If the index manages to close below these levels then the index can drift to the levels of 2950 to 3000 where short term moving averages and bottom for the month of February-2017 is lying. During the week the index manages to hit a low of 3023 and close the week around the levels of 3035.

Support for the index lies in the zone of 2980 to 3000 where short term moving averages and bottom for the month of February-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of 2890 to 2910 from where the index broke out from November-2016 and December-2016 highs.

Minor resistance for the index lies in the zone of 3090 to 3110. Resistance for the index lies in the zone of 3150 to 3180 from where the index broke down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 3220 to 3250.

Broad range for the index is seen between 2900 to 2930 on downside & 3150 to 3180 on upside.

Nifty Energy Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week (March 14, 2017 – March 17, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

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

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 11500 to 11600 where Fibonacci extension is lying. During the week the index manages to hit a high of 11649 and close the week around the levels of 11351.

Minor support for the index lies in the zone of 11150 to 11200. 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 10600 to 10700 where Fibonacci levels and short term moving averages are lying.

Minor resistance for the index lies in the zone of 11400 to 11450. The index is trading at the life time highs so virtually no resistance is lying. Resistance for the index lies in the zone of 11600 to 11650 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 (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week (March 14, 2017 – March 17, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

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

As we have mentioned last week that minor support for the index lies in the zone of 9650 to 9680. Support for the index lies in the zone of 9580 to 9620 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 9350 to 9400 where 200 Daily SMA and breakout levels are lying. During the week the index manages to hit a low of 9644 and close the week around the levels of 9779.

Minor support for the index lies in the zone of 9680 to 9710. Support for the index lies in the zone of 9580 to 9620 where Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 9400 to 9440 where 200 Daily SMA and breakout levels are lying.

Minor resistance for the index lies in the zone of 9820 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 and February-2017. 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 9600 to 9650 on downside & 9900 to 9950 on upside.

Nifty Pharma Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for NIFTY Pharma for the week (March 14, 2017 – March 17, 2017) :

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 1.40%.

As we have mentioned last week that minor support for the index lies in the zone of 10450 to 10500. 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. During the week the index manages to hit a low of 10444 and close the week around the levels of 10468.

Minor support for the index lies in the zone of 10450 to 10500. 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.

Minor resistance for the index lies in the zone of 10550 to 10600. 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 10100 to 10150 on downside & 10700 to 10750 on upside.

Nifty FMCG Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week (March 14, 2017 – March 17, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

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

As we have mentioned last week that 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. During the week the index manages to hit a high of 22450 and close the week around the levels of 22342.

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 21750 to 21850 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 21400 to 21500 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 21500 to 21600 on downside & 22800 to 22900 on upside.

Nifty IT Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for NIFTY IT for the week (March 14, 2017 – March 17, 2017) :

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week that resistance for the index lies in the zone of 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. During the week the index manages to hit a high of 10822 and close the week around the levels of 10750.

Minor support for the index lies in the zone of 10650 to 10680. Support for the index lies in the zone of 10500 to 10550 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 10500 to 10550 on downside & 10950 to 11000 on upside.

Nifty Bank Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (March 14, 2017 – March 17, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank ended the week on positive note gaining around 1.10%.

As we have mentioned last week that support for the index lies in the zone of 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. During the week the index manages to hit a low of 20530 and close the week around the levels of 20728.

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 20000 to 20100 on downside & 21500 to 21600 on upside.

Nifty Outlook for the Week (March 14, 2017 – March 17, 2017)

Equityandit’s Outlook for Nifty for week (March 14, 2017 – March 17, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor support for the index lies in the zone of 8850 to 8870. 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. During the week the index manages to hit a low of 8892 and close the week around the levels of 8935.

Minor support for the index lies in the zone of 8850 to 8870. 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 8970 to 9000 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 9080 to 9120 where life time highs for the index is lying.

On 11th March results of 5 state elections are going to be announced and the markets are closed on 13th March Monday. So Indian market can witnessed a major gap up or down opening on 14th March Tuesday.

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

MCX Tips for – Friday, March 10, 2017

Gold (28466): Gold Future is trading in negative zone and traders can hold short positions until Gold Future closes above 28744 levels. Traders can initiate short positions on every rise until Gold Future closes above 28744 levels.

Silver (40834):  Silver is trading into negative zone and traders can short at every rise or hold short positions until Silver closes above 41724 levels. Traders can go long once Silver Future closes above 41724 levels.

Crude (3271): 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 3416 levels.

Natural Gas (196.50): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every negative rally until NG Future closes below 189.20 levels. Traders can go short if Natural Gas Future closes below 189.20 levels.

Copper (381.70): 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 388.60.

Zinc (178.95): Zinc is trading into negative zone. Traders can hold short position or can initiate short position on every rise until Zinc is trading below 182.05 levels. Traders can go long only it Zinc closes above 182.05 levels.

Lead (150.40): Lead is trading into negative zone. Lead Future would enter into positive zone once it closes above 151.45 levels. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 151.45 levels.

Nickel (678.00):  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 695.45 levels.

Aluminium (124.70):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 126.25 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 – Friday, March 10, 2017

equitypandit_square

Consolidation To End Today, Breakout From Range On Tuesday

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market including Nifty and BankNifty opened negative for the day. EquityPandit predicted that Indian Stock Market would fall down in early trade and would see short covering rally in later hours of the day and exactly same happened. Indian Stock Market moved sharply negative in early trade and saw lows right near EquityPandit’s predicted support levels of 8897 for Nifty and 28820 for Sensex like a dot. Indian Stock Market recovered from day lows and moved higher during the day. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed flat with positive bias for the day.

Today: Indian Stock Market would open positive. Technically, Nifty is still in positive zone and BankNifty is still in negative zone. Market would remain positively biased for today. UP Election Exit Polls have predicted victory for BJP and Today’s Chanakya has predicted whopping 285 seats for BJP. Anyways, these are just exit polls and now all eyes are set on the Actual Poll Results that would be disclosed on Saturday, March 11, 2017. If BJP get clear majority in UP then market would move sharply positive and would see a sharp breakout from the consolidation. BJP defeat would result in a breakdown and in all other results, market would remain choppy and wait for US FED rate hike decisions. overall, today is the last day of consolidation, if any, and market would see a sharp breakout or breakdown from the range on Tuesday.

FIIs were net buyers of Rs.487.61 crores whereas DIIs were net buyers of Rs.10.98 crores in cash market for last trading session. Nifty would see strong support at 8897-8850-8815 whereas strong resistance would be seen at 8969-8982-9005-9120 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 8897-8850-8815 and the resistance to the up move is at 8969-8982-9005-9120 levels.

NSE BankNifty: (20721) The support for BankNifty is at 20550-20450-20380-20215 and the resistance to the up move is at 20800-20920-21045 levels.

BSE Sensex: (28929) The support for the Sensex is at 28820-28750-28675 and the resistance to the up move is at 29080-29154-29240-29325 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 – Thursday, March 09, 2017

Gold (28629): Gold Future is trading in negative zone and traders can hold short positions until Gold Future closes above 28919 levels. Traders can initiate short positions on every rise until Gold Future closes above 28919 levels.

Silver (41430):  Silver is trading into negative zone and traders can short at every rise or hold short positions until Silver closes above 42290 levels. Traders can go long once Silver Future closes above 42290 levels.

Crude (3425): 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 3548 levels.

Natural Gas (196.80): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every negative rally until NG Future closes below 185.70 levels. Traders can go short if Natural Gas Future closes below 185.70 levels.

Copper (385.35): 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 394.20.

Zinc (180): Zinc is trading into negative zone. Traders can hold short position or can initiate short position on every rise until Zinc is trading below 184.20 levels. Traders can go long only it Zinc closes above 184.20 levels.

Lead (150.15): Lead is trading into negative zone. Lead Future would enter into positive zone once it closes above 151.45 levels. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 151.45 levels.

Nickel (678.90):  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 714.45 levels.

Aluminium (125.00):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 126.95 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 – Thursday, March 09, 2017

equitypandit_square

Market Ready To See A Big Movement In Upcoming Days, Hedge Your Positions

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that market would consolidate in a rangebound region for this week. EquityPandit also suggested traders to go short at higher levels and buy at lower levels and exactly same happened. Indian Stock Market moved positive and then saw a sharp profit booking at higher levels. Market fell down sharply and saw short covering rally from lower levels near EquityPandit’s suggested levels of 20500 for BankNifty. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. BankNifty saw lows right near EquityPandit’s predicted support levels of 20550 and saw highs right near EquityPandit’s predicted resistance levels of 20720 like a dot. Finally, Indian Stock Market closed negative with some positivity in Banking sector for the day. Nifty saw lows right near EquityPandit’s predicted reversal levels of 8891 like a dot. Nifty closed right on EquityPandit’s predicted support levels of 8925 like a dot.

Today: Indian Stock Market would open gap negative. Technically, analysis would still remain same. Nifty is still in positive zone and BankNifty is still in negative zone. Market would fell down in early trades and then again short covering rally would be seen later in the day. Indian Stock Market is consolidating for almost 2 weeks and now it is ready to see a big movement on either side in next 2 trading sessions and UP Poll results would be a trigger for this big move. Traders should hedge their positions and can go for BankNifty Option trades to limit the risk and multiply the profits.

FIIs were net buyers of Rs.3573.04 crores whereas DIIs were net sellers of Rs.1735.12 crores in cash market for last trading session. Nifty would see strong support at 8897-8850-8815 whereas strong resistance would be seen at 8969-8982-9005-9120 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: (8924) The support for the Nifty is 8897-8850-8815 and the resistance to the up move is at 8969-8982-9005-9120 levels.

NSE BankNifty: (20677) The support for BankNifty is at 20550-20450-20380-20215 and the resistance to the up move is at 20714-20800-20920-21045 levels.

BSE Sensex: (28902) The support for the Sensex is at 28820-28750-28675 and the resistance to the up move is at 29080-29154-29240-29325 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 – Wednesday, March 08, 2017

Gold (28751): Gold Future is trading in negative zone and traders can hold short positions until Gold Future closes above 29084 levels. Traders can initiate short positions on every rise until Gold Future closes above 29084 levels.

Silver (41943):  Silver is trading into negative zone and traders can short at every rise or hold short positions until Silver closes above 42796 levels. Traders can go long once Silver Future closes above 42796 levels.

Crude (3558): 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 3607 levels.

Natural Gas (189.30): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every negative rally until NG Future closes below 184.85 levels. Traders can go short if Natural Gas Future closes below 184.85 levels.

Copper (386.80): 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 396.80.

Zinc (179.40): Zinc is trading into negative zone. Traders can hold short position or can initiate short position on every rise until Zinc is trading below 186.15 levels. Traders can go long only it Zinc closes above 186.15 levels.

Lead (149.00): Lead has entered into negative zone. Lead Future would enter into positive zone once it closes above 151.45 levels. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 151.45 levels.

Nickel (710.90):  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 739.40 levels.

Aluminium (125.25):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 126.95 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 – Wednesday, March 08, 2017

equitypandit_square

Index Rangebound Till UP Poll Results, Only Stock Specific Movement To Be Seen

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that Nifty would see profit booking before breaching 9000 levels. EquityPandt also predicted that market would consolidate in a rangebound region before UP Poll results and exactly same happened. Indian Stock Market saw sharp profit booking after opending. Nifty saw highs right near EquityPandit’s predicted resistance levels of 8982 and saw lows right near EquityPandit’s predicted support levels of 8925. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open flat. Technically, analysis would still remain same. Nifty is already in positive zone but BankNifty is still in negative zone. Nifty would enter into negative zone once it closes below 8891 levels whereas BankNifty would enter into positive zone once it closes above 20725 levels. The best suggestion for traders is to wait for UP Poll results as market would consolidate in a rangebound region for this week which would infact be directionless. For this week, traders can keep buying BankNifty near 20500 levels and keep shorting near 20900 levels. Every Positive movement would bring in profit booking and every downfall would generate short covering until UP Election Results.

FIIs were net buyers of Rs.920.46 crores whereas DIIs were net sellers of Rs.1073.75 crores in cash market for last trading session. Nifty would see strong support at 8925-8897-8850-8815 whereas strong resistance would be seen at 8969-8982-9005-9120 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: (8947) The support for the Nifty is 8925-8897-8850-8815 and the resistance to the up move is at 8969-8982-9005-9120 levels.

NSE BankNifty: (20628) The support for BankNifty is at 20550-20450-20380-20215 and the resistance to the up move is at 20714-20800-20920-21045 levels.

BSE Sensex: (29000) The support for the Sensex is at 28950-28820-28750-28675 and the resistance to the up move is at 29080-29154-29240-29325 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 f