Natural Gas Outlook for the Week (May 01, 2017 – May 05, 2017)

EquityPandit’s Outlook for Natural Gas for the week  (May 01, 2017 – May 05, 2017) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS (212.10) closed the week on positive note gaining around 5.40%.

As we have mentioned last week that 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 189 to 190 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 194.60 and close the week around the levels of 212.

Support for the commodity lies in the zone of 203 to 205 where Fibonacci levels and 200 Daily moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 197 to 198 where short term moving averages are lying.

Resistance for the commodity lies in the zone of 213 to 215 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 221 to 223 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 200 – 202 on downside & 220 – 222 on upside.

Crude Oil Outlook for the Week (May 01, 2017 – May 05, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (May 01, 2017 – May 05, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3174) closed the week on a negative note losing around 1.10%.

As we have mentioned last week that support for the commodity lies in the zone of 3160 to 3180 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 around 3080 to 3100 where Fibonacci level and lows for the month of March-2017 are lying. During the week the commodity manages to hit a low of 3101 and close the week around the levels of 3174.

Support for the commodity lies in the zone of 3160 to 3180 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 around 3080 to 3100 where Fibonacci level and lows for the month of March-2017 are lying.

Resistance for the commodity lies in the zone of 3230 to 3240 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 3330 to 3350 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 3080 – 3100 on downside & 3250 – 3270 on upside.

Aluminium Outlook for the Week (May 01, 2017 – May 05, 2017)

EquityPandit’s Outlook for Aluminium for the week  (May 01, 2017 – May 05, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (123.90) closed the week on negative note losing around 0.60%.

As we have mentioned last week that resistance for the commodity lies in the zone of 125 to 125.50 where Fibonacci level and 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 127 to 128 where the commodity has formed a short term top. During the week the commodity manages to hit a high of 126 and close the week around the levels of 123.90.

Support for the commodity lies in the zone of around 123 to 123.50 from where commodity broke out after consolidation, 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 120 to 121 where Fibonacci level is lying.

Resistance for the commodity lies in the zone of 125 to 125.50 where Fibonacci level and 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 127 to 128 where the commodity has formed a short term top.

Broad range for the commodity in the coming week can be seen between 121 – 122 on downside and 126 – 127 on upside.

Nickel Outlook for the Week (May 01, 2017 – May 05, 2017)

EquityPandit’s Outlook for Nickel for the week  (May 01, 2017 – May 05, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (608.90) closed the week on positive note gaining around 0.70%.

As we have mentioned last week that support for the commodity lies in the zone of 600 to 605 from where the commodity broke out on weekly basis. If the commodity manages to close below these levels then the commodity can drift to the levels of around 570 to 580. During the week the commodity manages to hit a low of 587 and close the week around the levels of 609.

Support for the commodity lies in the zone of 600 to 605 from where the commodity broke out on weekly basis. If the commodity manages to close below these levels then the commodity can drift to the levels of around 570 to 580.

Minor resistance for the commodity lies in the zone of 615 to 620. Resistance for the commodity lies in the zone of 635 to 640 from where the commodity broke down on weekly charts. If the commodity manages to close above these levels then the commodity can move to the levels of around 675 to 680 where Fibonacci levels and short term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 580 – 585 on downside & 630 – 635 on upside.

Lead Outlook for the Week (May 01, 2017 – May 05, 2017)

EquityPandit’s Outlook for Lead for the week  (May 01, 2017 – May 05, 2017) :

LEAD:

 

LEAD 1

 

LEAD (146.35) closed the week on positive note gaining around 5.20%.

As we have mentioned last week that resistance for the commodity lies in the zone of 141 to 142 where Fibonacci level and 200 Daily moving average is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 147 to 149 from where the commodity broke down after consolidation and Fibonacci level is lying. During the week the commodity manage to hit a high of 147 and close the week around the levels of 146.

Support for the commodity lies in the zone of 142 to 143 where Fibonacci levels and 200 Daily moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 136 to 138 where the commodity has formed a short term bottom.

Resistance for the commodity lies in the zone of 147 to 149 from where the commodity broke down after consolidation and Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 153 to 155 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 136 – 138 on downside and 155 – 157 on upside.

Zinc Outlook for the Week (May 01, 2017 – May 05, 2017)

EquityPandit’s Outlook for Zinc for the week  (May 02, 2017 – May 05, 2017) :

ZINC:

 

ZINC 1

 

ZINC (169.45) closed the week on a positive note gaining around 1.70%.

As we have mentioned last week that resistance for the commodity lies in the zone of 169 to 170. Resistance for the commodity lies in the zone of 175 to 177 from where the commodity broke down. If the commodity manages to close above these levels then the commodity can move to the levels of 179 to 181 where Fibonacci level is lying. During the week the commodity manages to hit a high of 170 and close the week around the levels of 169.

Minor support for the commodity lies in the zone of 167 to 168. Support for the commodity lies in the zone of 163 to 165 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 158 to 160 where channel support for the commodity is lying.

Resistance for the commodity lies in the zone of 169 to 170 where 200 Daily moving averages are lying. Resistance for the commodity lies in the zone of 175 to 177 from where the commodity broke down. If the commodity manages to close above these levels then the commodity can move to the levels of 179 to 181 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 158 – 160 on downside & 177 – 179 on upside.

Copper Outlook for the Week (May 01, 2017 – May 05, 2017)

EquityPandit’s Outlook for Copper for the week  (May 01, 2017 – May 05, 2017) :

COPPER:

 

COPPER 1

 

COPPER (367.60) closed the week on positive note gaining around 1.30%.

As we have mentioned last week that support for the commodity lies in the zone of 362 to 364 where the commodity has taken support in the month of November-2016 and December-2016. If the commodity manages to close below these levels then the commodity can drift to the levels of 358 to 360 where 200 Daily moving average is lying. During the week the commodity manages to hit a low of 361 and close the week around the levels of 368.

Minor support for the commodity lies in the zone of 364 to 365. Support for the commodity lies in the zone of 360 to 362 where the commodity has taken support in the month of November-2016 and 200 Daily moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 350 to 352 where Fibonacci level is lying.

Resistance for the commodity lies in the zone of 368 to 370 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 375 to 377 from where the commodity broke down and Fibonacci level are lying.

Broad range for the commodity in the coming week can be seen between 355 – 357 on downside & 375 – 377 on upside.

Silver Outlook for the Week (May 01, 2017 – May 05, 2017)

EquityPandit’s Outlook for Silver for the week  (May 01, 2017 – May 05, 2017) :

SILVER:

 

SILVER 1

 

SILVER (39503) closed the week on negative note losing around 4.30%.

As we have mentioned last week that support for the commodity lies in the zone of 40750 to 40900 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 40100 to 40300 where the commodity has opened gap up. During the week the stock manages to hit a low of 39400 and close the week around the levels of 39503.

Support for the commodity lies in the zone of 39100 to 39200 where weekly moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 38300 to 38500 where the commodity has formed a bottom in the month of December-2016.

Minor resistance for the commodity lies in the zone of 39800 to 40000. Resistance for the commodity lies in the zone of 40500 to 40700 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 41300 to 41500 where medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 38000 – 38300 on downside & 40700 – 40900 on upside.

Gold Outlook for the Week (May 01, 2017 – May 05, 2017)

EquityPandit’s Outlook for Gold for the week  (May 01, 2017 – May 05, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28873) closed the week on negative note losing around 1.80%.

As we have mentioned last week that minor support for the commodity lies in the zone of 29200 to 29250. Support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28400 to 28500 from where the commodity broke out. During the week the commodity manages to hit a low of 28660 and close the week around the levels of 28873.

Support for the commodity lies in the zone of 28400 to 28500 from where the commodity broke out and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28100 to 28200 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 29000 to 29100 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29400 to 29500 from where the commodity sold off in the month of March-2017 and 200 Daily moving average is lying.

Broad range for the commodity in the coming week can be seen between 28100 – 28200 on downside & 29400 – 29500 on upside.

Colgate Palmolive Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week  (May 02, 2017 – May 05, 2017) :

COLGATE PALMOLIVE:

 

COLPAL

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 1000 to 1010. Support for the stock lies in the zone of 975 to 980 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 917 and close the week around the levels of 1036.

Minor support for the stock lies in the zone of 1010 to 1020. Support for the stock lies in the zone of 975 to 980 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.

Resistance for the stock lies in the zone of 1045 to 1055. If the stock manages to close above these levels then the stock can move to the levels of 1090 to 1100 where the stock has formed a life time high in the month of April-2015.

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

Dabur Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for DABUR for the week  (May 02, 2017 – May 05, 2017) :

DABUR:

 

DABUR

 

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

As we have mentioned last week that support for the stock lies in the zone of 285 to 287 where 200 Daily MA and Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 282 to 284 where break out levels are lying. During the week the stock manages to hit a low of 286 and close the week around the levels of 287.

Support for the stock lies in the zone of 284 to 286 where 200 Daily MA and Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 277 to 279 where Fibonacci levels and short & medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 289 to 291. Resistance for the stock lies in the zone of 298 to 300 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 305 to 306 where the stock has formed a top in the month of November-2016.

Broad range for the stock in the coming week can be seen between 275 to 277 on downside & 298 to 300 on upside.

Hindustan Unilever Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week  (May 02, 2017 – May 05, 2017) :

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on positive note gaining around 3.10%.

As we have mentioned last week that minor support for the stock lies in the zone of 905 to 910. 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 899 and close the week around the levels of 935.

Minor support for the stock lies in the zone of 920 to 925. Support for the stock lies in the zone of 900 to 905 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 880 to 885 from where the stock broke out of double top pattern and Fibonacci levels are lying.

Resistance for the stock lies in the zone of 940 to 945 where 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 900 to 910 on downside & 960 to 970 on upside.

ITC Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for ITC for the week  (May 02, 2017 – May 05, 2017) :

ITC:

 

ITC

 

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

As we have mentioned last week that support for the stock lies in the zone of 270 to 272 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 266 to 268 from where the stock has broken out of September-2017 highs. 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 270 to 272 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 266 to 268 from where the stock has broken out of September-2017 highs.

Minor resistance for the stock lies in the zone of 277 to 278. 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 268 to 270 on downside & 286 to 288 on upside.

Cipla Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for Cipla for the week  (May 02, 2017 – May 05, 2017) :

CIPLA:

 

CIPLA

 

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

As we have mentioned last week that support for the stock lies in the zone of 560 to 565 where the stock has taken multiple support in the month of January-2017 & February-2017. If the stock manages to close below these levels then the stock can drift to the levels of 550 to 555 where the stock has taken support in the month of December-2016. During the week the stock manages to hit a low of 545 and close the week around the levels of 557.

Support for the stock lies in the zone of 550 to 555 where the stock has taken support in the month of December-2016. If the stock manages to close below these levels then the stock can drift to the levels of 520 to 530 where Fibonacci levels are lying.

Minor resistance for the stock lies in the zone of 560 to 565. Resistance for the stock lies in the zone of 571 to 574 where 200 Daily moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 582 to 585 from where the stock broke down and short & medium term moving averages are lying.

Broad range for the stock is seen in the range of 530 – 535 on downside & 570 – 575 on upside.

Dr. Reddy Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (May 02, 2017 – May 05, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 0.40%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 2652 and close the week around the levels of 2599.

Minor support for the stock lies in the zone of 2550 to 2600. 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 – 2530 on downside & 2700 – 2730 on upside.

Lupin Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for Lupin for the week  (May 02, 2017 – May 05, 2017) :

LUPIN:

 

LUPIN

 

Lupin closed the week on negative note losing around 4.90%.

As we have mentioned last week that support for the stock lies in the zone of 1380 to 1400 where the stock has made a bottom in the month of June – 2016, November – 2016 & December – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 1280 to 1300 where the stock has taken support on 29/03/2017. During the week the stock manages to hit a low of 1319 and close the week around the levels of 1338.

Support for the stock lies in the zone of 1280 to 1300 where the stock has taken support on 29/03/2017. If the stock manages to close below these levels then the stock can witness a major breakdown on long term charts and 1200 to 1220.

Resistance for the stock lies in the zone of 1350 to 1360 where long term Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of around 1380 to 1390 from where the stock has broken down from double bottom pattern.

Broad range for the stock in coming week can be seen from 1280 – 1300 on downside & 1370 – 1380 on upside.

Sun Pharma Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for Sun Pharma for the week  (May 02, 2017 – May 05, 2017) :

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on positive note gaining around 0.40%.

As we have mentioned last week that resistance for the stock lies in the zone of 650 to 655 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of around 665 to 670 from where the stock broke down. During the week the stock manages to hit a high of 649 and close the week around the levels of 642.

Minor support for the stock lies in the zone of 632 to 635. Support for the stock lies in the zone of 610 to 620 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 around 570 to 575 where the stock has formed a bottom in the month of November-2016.

Resistance for the stock lies in the zone of 650 to 655 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of around 665 to 670 from where the stock broke down.

Broad range for the stock in the coming week can be 610 – 615 on lower side & 665 – 670 on upper side.

Wipro Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for Wipro for the week  (May 02, 2017 – May 05, 2017) :

WIPRO:

 

WIPRO

 

Wipro closed the week on positive note gaining around 0.60%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 500 to 503. Resistance for the stock lies in the zone of 512 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. During the week the stock manages to hit a high of 512 and close the week around the levels of 494.

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 and medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 500 to 503. Resistance for the stock lies in the zone of 512 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 475 to 480 on downside & 515 to 520 on upside.

HCL Tech Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for HCL Tech for the week  (May 02, 2017 – May 05, 2017) :

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on positive note gaining around 0.20%.

As we have mentioned last week that support for the stock lies in the zone of 800 to 810 where Fibonacci levels and 200 MA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 770 to 780 where Fibonacci level is lying. During the week the stock manages to hit a low of 796 and close the week around the levels of 814.

Support for the stock lies in the zone of 800 to 810 where Fibonacci levels and 200 MA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 770 to 780 where Fibonacci level is lying.

Resistance for the stock lies in the zone of 820 to 830 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 840 to 850 where short term moving averages are lying.

Broad range for the stock in the coming week is seen between 770 to 775 on downside & 850 to 855 on upside.

TCS Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for TCS for the week  (May 02, 2017 – May 05, 2017)  :

TATA CONSULTANCY SERVICES:

 

TCS

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 2350 to 2360. Resistance for the stock lies in the zone of 2380 to 2400 where Fibonacci level and 200 Daily MA is lying. If the stock manages to close above these levels then the stock can move to the levels of 2430 to 2450. During the week the stock manages to hit a high of 2344 and close the week around the levels of 2273.

Support for the stock lies in the zone of 2220 to 2250 where Fibonacci level and trend-line joining lows of 2052 and 2153 are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2160 to 2180 where lows for the month of February-2017 and Fibonacci levels are lying.

Minor resistance for the stock lies in the zone of 2310 to 2330. Resistance for the stock lies in the zone of 2380 to 2400 where Fibonacci level and 200 Daily MA is lying. If the stock manages to close above these levels then the stock can move to the levels of 2430 to 2450.

Broad range for the stock in the coming week is seen between 2180 to 2200 on downside & 2380 to 2400 on upside.

Infosys Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for Infosys for the week  (May 02, 2017 – May 05, 2017) :

INFOSYS:

 

INFY

 

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

As we have mentioned last week that support for the stock lies in the zone of 900 to 910 where the stock has taken support in the month of November-2016 and January-2017. If the stock manages to close below these levels then the stock can drift to the levels of around 850 to 870. During the week the stock manages to hit a low of 910 and close the week around the levels of 919.

Support for the stock lies in the zone of 900 to 910 where the stock has taken support in the month of November-2016 and January-2017. If the stock manages to close below these levels then the stock can drift to the levels of around 850 to 870.

Minor resistance for the stock lies in the zone of 932 to 935. Resistance for the stock lies in the zone of 945 to 950 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of around 970 to 980 where Fibonacci level is lying.

Broad range for the stock in the coming week is seen between 880 to 890 on downside & 940 to 950 on upside.

SBI Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for SBI for the week  (May 02, 2017 – May 05, 2017) :

STATE BANK OF INDIA:

 

SBIN

 

SBIN closed the week on positive note gaining around 2.70%.

As we have mentioned last week that support for the stock lies in the zone of 278 to 280 from where the stock broke out of February-2017 highs 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 268 to 270 from where the stock broke out and medium term moving averages are lying. During the week the stock manages to hit a low of 281 and close the week around the levels of 290.

Minor support for the stock lies in the zone of 284 to 285. Support for the stock lies in the zone of 278 to 280 from where the stock broke out of February-2017 highs 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 268 to 270 from where the stock broke out and medium term moving averages are lying.

Resistance for the stock lies in the zone of 288 to 290 from where the stock broke down and Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of around 296 to 298 where the stock has formed a short term top.

Broad range for the stock in the coming week can be 280 to 282 on lower side and 300 to 302 on upper side.

Axis Bank Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (May 02, 2017 – May 05, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 4.80%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 495 to 500. Resistance for the stock lies in the zone of 513 to 518 where 200 Daily MA is lying. If the stock manages to close above these levels then the stock can move to the levels of 525 to 530 where top for the month of February-2017 and March-2017 is lying. During the week the stock manages to hit a high of 525 and close the week around the levels of 510.

Minor support for the stock lies in the zone of 495 to 500. 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 513 to 518 where 200 Daily MA is lying. If the stock manages to close above these levels then the stock can move to the levels of 525 to 530 where top for the month of February-2017 and March-2017 is lying.

Broad range for the stock in the coming week can be 480 – 485 on lower side & 525 – 530 on upper side.

ICICI Bank Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for ICICI Bank for the week  (May 02, 2017 – May 05, 2017) :

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on positive note gaining around 3.50%.

As we have mentioned last week that support for the stock lies in the zone of 266 to 268 where 200 Daily Moving average is lying. If the stock manages to close below these levels then the stock can drift to the levels 260 to 262 where Fibonacci levels are lying. During the week the stock manages to hit a low of 265 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 270 to 272 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 265 to 267 where 200 Daily Moving average is lying.

Minor resistance for the stock lies in the zone of 279 to 281. Resistance for the stock lies in the zone of 285 to 287 where the stock is facing resistance. If the stock manages to close above these levels then the stock can move to the levels of around 290 to 292.

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

HDFC Bank Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for HDFC Bank for the week  (May 02, 2017 – May 05, 2017) :

HDFC BANK:

 

HDFCBANK

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 1500 to 1505 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 1540 to 1550. During the week the stock manages to hit a high of 1574 and close the week around the levels of 1546.

Minor support for the stock lies in the zone of 1520 to 1525. Support for the stock lies in the zone of 1500 to 1510 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of around 1460 to 1480 where Fibonacci level and highs for the month of March-2017 are lying.

The stock is trading at all time highs so virtually no resistance is visible. Resistance for the stock lies in the zone of 1580 to 1600. If the stock manages to close above these levels then the stock can move to the levels of around 1650 to 1665.

Broad range for the stock in the coming week can be 1480 to 1500 on lower side & 1600 to 1620 on upper side.

Nifty Media Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for NIFTY MEDIA for the week  (May 02, 2017 – May 05, 2017) :

NIFTY MEDIA:

 

NIFTYMEDIA

 

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

As we have mentioned last week that minor support for the index lies in the zone of 3210 to 3230. Support for the index lies in the zone of 3140 to 3150 from where the index broke out of the October-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 3100 to 3110 from where the index broke out after consolidation. During the week the index manages to hit a low of 3228 and close the week around the levels of 3252.

Minor support for the index lies in the zone of 3210 to 3230. Support for the index lies in the zone of 3140 to 3150 from where the index broke out of the October-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 3100 to 3110 from where the index broke out after consolidation.

Resistance for the index lies in the zone of 3260 to 3280. If the index manages to close above these levels then the index can move to the levels of 3320 to 3350 where Fibonacci extension is lying.

Broad range for the index is seen between 3150 to 3180 on downside & 3320 to 3350 on upside.

Nifty Realty Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for NIFTY REALTY for the week  (May 02, 2017 – May 05, 2017) :

NIFTY REALTY:

 

NIFTYREALT

 

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

As we have mentioned last week that resistance for the index lies in the zone of 258 to 260. If the index manages to close above these levels then the index can move to the levels of 268 to 270. During the week the index manages to hit a high of 264 and close the week around the levels of 251.

Minor support for the index lies in the zone of 247 to 249. Support for the index lies in the zone of 235 to 237 where Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of around 216 to 220 from where the index broke out of August-2016 and September-2016 highs.

Resistance for the index lies in the zone of 258 to 260. If the index manages to close above these levels then the index can move to the levels of 268 to 270.

Broad range for the index is seen between 235 to 237 on downside & 260 to 262 on upside.

Nifty PSU Bank Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (May 02, 2017 – May 05, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on positive note gaining around 5.40%.

As we have mentioned last week that support for the index lies in the zone of 3470 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 3370 to 3400 from where the index broke out and short term moving averages are lying. During the week the index manages to hit a low of 3467 and close the week around the levels of 3659.

Minor support for the index lies in the zone of 3570 to 3600. Support for the index lies in the zone of 3470 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 3370 to 3400 from where the index broke out and short term moving averages are lying.

Minor resistance for the index lies in the zone of 3680 to 3700. Resistance for the index lies in the zone of 3750 to 3800 from where the index sold off in the month of April-2015 & August-2015. If the index manages to close above these levels then the index can move to the levels of 4000 to 4050.

Broad range for the index is seen between 3550 to 3580 on downside & 3750 to 3800 on upside.

Nifty Metal Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for NIFTY METAL for the week  (May 02, 2017 – May 05, 2017) :

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on positive note gaining around 2.40%.

As we have mentioned last week that minor resistance for the index lies in the zone of 2950 to 2970. Resistance for the index lies in the zone of 3020 to 3050 from where the index broke down after consolidation and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3130 to 3150. During the week the index manages to hit a high of 3016 and close the week around the levels of 2974.

Minor support for the index lies in the zone of 2940 to 2950. Support for the index lies in the zone of 2880 to 2910 from where the index broke out from November-2016 and December-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 2750 to 2800 where Fibonacci levels and 200 Daily moving averages are lying.

Resistance for the index lies in the zone of 3020 to 3050 from where the index broke down after consolidation and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3130 to 3150.

Broad range for the index is seen between 2870 to 2900 on downside & 3100 to 3130 on upside.

Nifty Energy Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (May 02, 2017 – May 05, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

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

As we have mentioned last week that resistance for the index lies in the zone of 12150 to 12200 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 12400 to 12500. During the week the index manages to hit a high of 12497 and close the week around the levels of 12264.

Support for the index lies in the zone of 12100 to 12200 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 around 11600 to 11700 where short term moving averages and Fibonacci level is lying.

Resistance for the index lies in the zone of 12450 to 12500 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 around 12620 to 12680 where Fibonacci level is lying.

Broad range for the index is seen between 12000 to 12050 on downside & 12500 to 12550 on upside.

Nifty Auto Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (May 02, 2017 – May 05, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 0.50%.

As we have mentioned last week that support for the index lies in the zone of 9840 to 9870 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9730 to 9780 where the index broke out after consolidation. Below these levels the index can drift to the levels around 9650 to 9700 where medium term & 200 Daily moving averages are lying. During the week the index manages to hit a low of 9871 and close the week around the levels of 10255.

Support for the index lies in the zone of 10050 to 10100 from where the index broke out of March-2017 and April-2017 highs. If the index manages to close below these levels then the index can drift to the levels of around 9850 to 9900 where short term moving averages are lying.

Resistance for the index lies in the zone of 10350 to 10380. If the index manages to close above these levels then the index can move to the levels of around 10450 to 10500 where the index has formed a top in the month of September-2016.

Broad range for the index is seen from 10000 to 10050 on downside & 10400 to 10450 on upside.

Nifty Pharma Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for NIFTY Pharma for the week  (May 02, 2017 – May 05, 2017) :

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week that support for the index lies in the zone of 10100 to 10200 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 9800 to 9900 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 10075 and close the week around the levels of 10121.

Support for the index lies in the zone of 10000 to 10100 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 9800 to 9900 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 10300 to 10350. Resistance for the index lies in the zone of 10450 to 10520 where short & medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of around 10600 to 10700 where Fibonacci level is lying.

Broad range for the index is seen from 9900 to 9950 on downside & 10300 to 10350 on upside.

Nifty FMCG Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (May 02, 2017 – May 05, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 23400 to 23500. Resistance for the index lies in the zone of 23750 to 23850 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 24250 to 24350. During the week the index manages to hit a high of 24389 and close the week around the levels of 23675.

Minor support for the index lies in the zone of 23300 to 23500. 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.

Resistance for the index lies in the zone of 23750 to 23850 where highs for the month of March-2017 and April-2017 is lying. If the index manages to close above these levels then the index can move to the levels of 24500 to 24600 where Fibonacci extension is lying.

Broad range for the index in the coming week is seen from 22500 to 22600 on downside & 24500 to 24600 on upside.

Nifty IT Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for NIFTY IT for the week  (May 02, 2017 – May 05, 2017) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 10080 to 10130. Resistance for the index lies in the zone of 10200 to 10300 where Fibonacci level is lying. If the index manages to close above these levels then the index can move to the levels of 10450 to 10530 where 200 Daily moving average and Fibonacci level is lying. During the week the index manages to hit a high of 10163 and close the week around the levels of 9944.

Support for the index lies in the zone of 9890 to 9930 where trend-line joining lows of 9295 and 9592 is lying and long term Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 9580 to 9620 levels where the index has formed a low in the month of February-2017.

Minor resistance for the index lies in the zone of 10050 to 10100. Resistance for the index lies in the zone of 10200 to 10300 where Fibonacci level is lying. If the index manages to close above these levels then the index can move to the levels of 10450 to 10530 where 200 Daily moving average and Fibonacci level is lying.

Broad range for the index in the coming week is seen from 9800 to 9830 on downside & 10200 to 10250 on upside.

Nifty Bank Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (May 02, 2017 – May 05, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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

As we have mentioned last week that 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. During the week the index manages to hit a high of 22383 and close the week around the levels of 22358.

Support for the index lies in the zone of 21900 to 22000 from where the index broke out of April-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 21400 to 21500 where the index has taken multiple support.

Resistance for the index lies in the zone of 22450 to 22550. If the index manages to close above these levels then the index can move to the levels of around 22800 to 22900.

Range for the week is seen from 21800 to 21900 on downside & 22800 to 22900 on upside.

Nifty Outlook for the Week (May 02, 2017 – May 05, 2017)

Equityandit’s Outlook for Nifty for week (May 02, 2017 – May 05, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 9170 to 9200. Resistance for the index lies in the zone of 9220 to 9250 from where the index sold off on intraday basis. If the index manages to close above these levels then the index can move to the levels of around 9300 to 9350. During the week the index manages to hit a high of 9367 and close the week around the levels of 9304.

Minor support for the index lies in the zone of 9250 to 9270. Support for the index lies in the zone of 9170 to 9220 from 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 around 9020 to 9070 where lows for the month of April-2017 and the index has opened gap up.

Minor resistance for the index lies in the zone of 9340 to 9360. Resistance for the index lies in the zone of 9420 to 9460 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 9600.

Broad range for the week is seen from 9100 on downside & 9500 on upside.

MCX Tips for – Friday, April 28, 2017

Gold (28769): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28992 levels. Traders can initiate short positions on every rise until Gold Future closes above 28992 levels.

Silver (39670):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40440  levels.

Crude (3147): 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 3223 levels.

Natural Gas (208.30): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG Future closes below 202.25 levels.

Copper (365.35): 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 368.55.

Zinc (167.00): 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 164.25 levels.

Lead (143.15): Lead has entered into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Lead is trading above 138.25 levels.

Nickel (596.20):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 604.40 levels.

Aluminium (122.75):  Aluminium has entered into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 126.40 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Friday, April 28, 2017

equitypandit_square

Market To Consolidate, Profit Booking To Be Seen Until Nifty Closes Above 9370

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that Nifty has formed SPINNING TOP candle stick pattern with Stochastics in overbought region that suggest profit booking would be seen and exactly same happened. Indian Stock Market made new highs but was not able to sustain and saw a sharp profit booking from there. Sensex saw highs right near EquityPandit’s predicted resistance levels of 30180 like a dot and fell down from there to see lows right near EquityPandit’s predicted support levels of 29985. BankNifty remained strong and saw highs right at EquityPandit’s predicted resistance levels of 22380 like a dot. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed negative for the day. Banking sector remained strong for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive trend. New F&O contract would start today. Market may enter into consolidation soon. Nifty may see its strength loosing below 9320 levels. Nifty has formed BLACK CLOUD COVER candlestick pattern and Stochastic are already in overbought region, so closing below 9320 would force market to see further profit booking. Nifty would see reversal only if it closes below 9273 levels. Further positive rally would begin only if Nifty manages to close above 9370 levels. Once market closes above 9370 levels we would see Nifty achieving the next target of 9415 levels.Until then traders can go short at resistance and long at support levels. Today’s movement would decide further direction of the market in upcoming days.

FIIs were net sellers of Rs.181.71 crores whereas DIIs were net buyers of Rs.233.31 crores in cash market for last trading session. Nifty would see strong support at 9320-9300-9270-9250-9218 whereas strong resistance would be seen at 9370-9415 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Corporate Results Today: Ambuja Cement, CEAT, Cholamandalam Investment, Coromandal International, Federal Bank, IDFC, Kesoram Industries, Kitex Garments, Raymond, Sumpreme Industries and UPL.

NSE Nifty: (9342) The support for the Nifty is 9320-9300-9270-9250-9218 and the resistance to the up move is at 9370-9415 levels.

NSE BankNifty: (22326) The support for BankNifty is at 22270-22138-22000-21940 and the resistance to the up move is at 22380-22474 levels.

BSE Sensex: (3030) The support for the Sensex is at 29985-29930-29834-29800 and the resistance to the up move is at 300180-30270-30342-30440 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, April 27, 2017

Gold (28719): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28992 levels. Traders can initiate short positions on every rise until Gold Future closes above 28992 levels.

Silver (39858):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40649  levels.

Crude (3199): 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 3241 levels.

Natural Gas (209.90): NG Future has entered into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG Future closes below 200.55 levels.

Copper (366.80): 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 368.55.

Zinc (168.25): 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 164.25 levels.

Lead (141.00): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 141.90 levels.

Nickel (591.30):  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 605.30 levels.

Aluminium (125.60):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 123.45 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Thursday, April 27, 2017

equitypandit_square

F&O Expiry Today, Some Profit Booking To Be Seen Today

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias for the day. EquityPandit predicted that Indian Stock Market would continue to make new record highs and traders can hold long positions for now. EquityPandit also predicted that Market would move higher to achieve EquityPandit’s targets of 9350 for Nifty and 22240 for BankNifty and exactly same happened. BankNifty saw lows exactly at EquityPandit’s predicted support levels of 21800 and moved sharply positive to see highs right at EquityPandit’s predicted resistance levels of 22274 like a dot. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day. Nifty closed right at EquityPandit’s predicted resistance levels of 9350 like a dot.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive trend. Today is F&O Expiry and few Indian corporate giants like Biocon, Kotak Mahindra Bank and Maruti Suzuki would disclose its Q4 results and hence we would see huge volatility in the market today. Logically, next target for Nifty is 9415 and BankNifty is 22340 but since Nifty has formed SPINNING TOP candle stick pattern and BankNifty has formed HANGING MAN candlestick pattern with Stochastics in overbought region. Both these candlestick patterns suggest profit booking and hence we can see some profit booking today in the market. Market needs to breach its highs of 9367 for Nifty and 22277 for BankNifty to see further positive rally and until then we can expect profit booking in the market at this point of time. Closing below 9300 would force Nifty to see further downwards rally.

FIIs were net sellers of Rs.492.52 crores whereas DIIs were net buyers of Rs.1011.38 crores in cash market for last trading session. Nifty would see strong support at 9300-9270-9250-9218 whereas strong resistance would be seen at 9380-9415 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Corporate Results Today: Biocon, Indiabulls Real Estate, Kotak Mahindra Bank, Maruti Suzuki, Reliance Capital, Shriram Transport Finance, Tata Elxsi, TVS Motor and Ujjivan Financial Services.

NSE Nifty: (9352) The support for the Nifty is 9300-9270-9250-9218 and the resistance to the up move is at 9380-9415 levels.

NSE BankNifty: (22243) The support for BankNifty is at 22138-22000-21940-21900 and the resistance to the up move is at 22274-22380-22474 levels.

BSE Sensex: (30133) The support for the Sensex is at 29985-29930-29834-29800 and the resistance to the up move is at 300180-30270-30342-30440 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, April 26, 2017

Gold (28814): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 29166 levels. Traders can initiate short positions on every rise until Gold Future closes above 29166 levels.

Silver (40416):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 41256  levels.

Crude (3183): 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 3241 levels.

Natural Gas (195.60): 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 201.50 levels.

Copper (366.30): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 368.55.

Zinc (166.80): 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 164.25 levels.

Lead (139.70): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 141.90 levels.

Nickel (596.70):  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 607 levels.

Aluminium (125.60):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 123.45 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Wednesday, April 26, 2017

equitypandit_square

Market Would Continue To Make New Record Highs, Hold Long Positions

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that market is in positive zone and traders can go long at every dip in the market. EquityPandit also suggested traders to hold long positions as Next target for BankNifty is 22000 and exactly same happened. Nifty and BankNifty made new record highs. 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 to positive. Technically, Indian Stock Market is still in positive trend. Indian Stock Market would continue to make new record highs with target of 9350-9410 for Nifty and 22240-22380 levels for BankNifty. Traders can continue to hold long positions and every downfall would be an opportunity for traders to go long in the market. Global Market is looking for US president Donald Trump’s Tax reforms, today. Overall, global Stock Market is in positive momentum and traders can ride the rally. Reversal would be seen only if Nifty closes below 9204 levels. Now, previous resistance of 9270 for Nifty would act as strong support to the market hence traders can go long without any fear until 9270 holds for Nifty on closing basis.

FIIs were net buyers of Rs.178.82 crores whereas DIIs were net buyers of Rs.998.26 crores in cash market for last trading session. Nifty would see strong support at 9270-9250-9218-9204 whereas strong resistance would be seen at 9328-9350-9380-9415 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Corporate Results Today: GIC Housing Finance, KPIT Technologies, Lakshmi Villas Bank, Sterlite Technologies and Tata Sponge.

NSE Nifty: (9307) The support for the Nifty is 9270-9250-9218-9204 and the resistance to the up move is at 9328-9350-9380-9415 levels.

NSE BankNifty: (22055) The support for BankNifty is at 21940-21900-21800-21733 and the resistance to the up move is at 22140-22210-22274-22380 levels.

BSE Sensex: (29943) The support for the Sensex is at 29600-29480-29350 and the resistance to the up move is at 30008-30065-30145-30270-30342 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, April 25, 2017

Gold (29131): Gold Future has entered into negative zone and traders can hold short positions until Gold Future closes above 29367 levels. Traders can initiate short positions on every rise until Gold Future closes above 29131 levels.

Silver (41129):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 41556  levels.

Crude (3190): 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 3279 levels.

Natural Gas (198.50): 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 204.30 levels.

Copper (363.80): 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 368.55.

Zinc (166.95): 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 164.25 levels.

Lead (139.45): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 141.90 levels.

Nickel (596.40):  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 613.75 levels.

Aluminium (125.20):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 123.45 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Tuesday, April 25, 2017

equitypandit_square

Market In Positive Zone, Go Long At Every Dip, Axis Bank And Wipro Results Today

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted market would be considered strong until Nifty holds 9075 levels and exactly same happened. Indian Stock Market moved sharply positive and saw highs right at EquityPandit’s predicted resistance levels of 9220 like a dot. Traders, who followed EquityPandit’s advice might have earned whopping profits for the day. Finally, Indian Stock Market closed gap positive for the day. BankNifty closed on the record high closing levels for the day. Market closed right below EquityPandit’s predicted resistance levels of 9220 for Nifty and 29660 for Sensex like a dot.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market has entered into positive zone. Traders can go long at every dip in the market. Now, market can breach lifetime highs soon. Traders, who went long in Nifty and BankNifty on Friday as per EquityPandit’s predictions can continue to hold long positions as of now. Overall, market is positive and traders should go long in the direction of the trend. Once Market closes above 9275 levels for Nifty then it would soon see levels of 9350 for Nifty and 22000 levels for BankNifty making new record highs. Market needs to close positive today for the momentum to continue. Axis Bank and Wipro results today and would decide the further market direction for the day.

FIIs were net sellers of Rs.279.55 crores whereas DIIs were net buyers of Rs.984.17 crores in cash market for last trading session. Nifty would see strong support at 9200-9165-9150-9130 whereas strong resistance would be seen at 9237-9250-9280-9316-9345 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Corporate Results Today: Axis Bank, Can Fin Homes, ICICI Prudential, IDFC Bank, Indian Bank, LIC Housing Finance, M&M Financial Services, Persistent Systems, Welspun India, Wipro and Zensar Technologies.

NSE Nifty: (9218) The support for the Nifty is 9200-9165-9150-9130 and the resistance to the up move is at 9237-9250-9280-9316-9345 levels.

NSE BankNifty: (21857) The support for BankNifty is at 21800-21733-21616-21540 and the resistance to the up move is at 21968-22080-22140-22274 levels.

BSE Sensex: (29656) The support for the Sensex is at 29600-29480-29350 and the resistance to the up move is at 29700-29880-29950-30060 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, April 24, 2017

Gold (29418): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 29177 levels. Traders can initiate long positions on every dip until Gold Future closes below 29177 levels.

Silver (41289):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 41845 levels.

Crude (3208): 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 3317 levels.

Natural Gas (201.20): 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 207.95 levels.

Copper (363.00): 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 368.55.

Zinc (166.65): 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 164.25 levels.

Lead (139.10): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 141.90 levels.

Nickel (604.80):  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 623.85 levels.

Aluminium (124.60):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 123.45 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Monday, April 24, 2017

equitypandit_square

Event Packed Week, Market To Consolidate Until Nifty In Range Of 9075-9165, RIL Results Today

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that Nifty would move positive and traders can go long with strict stoploss of 9100 on closing basis. EquityPandit also predicted that Nifty would see reversal only if it manages to close above 9164 levels and until then traders should not take long positions home and exactly same happened. Indian Stock Market saw gap positive opening. Nifty opened above our reversal levels of 9164 but slide down sharply to close below those levels. Nifty once again saw strong support near 9100 levels. Market saw highs right at EquityPandit’s predicted resistance levels of 21607 for BankNifty and 9185 for Nifty and 29585 for Sensex like a dot. Finally, Indian Stock Market closed negative for the day. BankNifty closed right below EquityPandit’s predicted resistance of 21560 levels.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in negative zone as of now. Market is in consolidation as of now but packed with many major events this week. French Election, Geopolitical issues, Trump announcement on Tax laws, Major Corporate earnings of Reliance Industries, Kotak Mahindra Bank, Maruti & Wipro and F&O Expiry, all are lined up this week. This week would be full of volatility and a breakout or breakdown can be seen soon from the range. Nifty would be considered strong until it holds 9075 levels on closing basis, below which it would become weak and slide can be seen towards 9030-9000 levels. Nifty would see reversal once it closes above 9165 levels. Once Nifty closes above 9165 levels, we would soon see a breakout from the range with a sharp positive rally. Traders should wait for Nifty to close out of the range of 9075-9165 levels. Until then traders can go long at EquityPandit’s predicted support leves and sell near resistance levels.

FIIs were net sellers of Rs.978.34 crores whereas DIIs were net buyers of Rs.1132.3 crores in cash market for last trading session. Nifty would see strong support at 9097-9080-9045-9020 whereas strong resistance would be seen at 9165-9185-9220 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

Important Corporate Results Today: Hexaware Technologies, Indiabulls Housing Finance, Rallis India, Reliance Industries and UltraTech Cement.

NSE Nifty: (9119) The support for the Nifty is 9097-9075-9045-9020 and the resistance to the up move is at 9165-9185-9220 levels.

NSE BankNifty: (21551) The support for BankNifty is at 21470-21400-21331-21250 and the resistance to the up move is at 21607-21740-21790-21840 levels.

BSE Sensex: (29365) The support for the Sensex is at 29255-29200-29145-29060-29000 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 (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Natural Gas for the week  (April 24, 2017 – April 28, 2017) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS (201.20) closed the week on negative note losing around 2.80%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 209 to 211. Resistance for the commodity lies in the zone of 215 to 217 where long term Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 221 to 223 where Fibonacci level is lying. During the week the commodity manages to hit a high of 208 and close the week around the levels of 201.

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 189 to 190 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 203 to 205 where Fibonacci levels and 200 Daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 209 to 211 from where the commodity broke down.

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 (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (April 24, 2017 – April 28, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3208) closed the week on a negative note losing around 6.20%.

As we have mentioned last week that minor support for the commodity lies in the zone of 3360 to 3380. Support for the commodity lies in the zone of 3300 to 3330 where Fibonacci level is lying. If the commodity manage to close below these levels then the commodity can drift to the levels of 3230 to 3270 where Fibonacci level and 200 Daily MA are lying. During the week the commodity manages to hit a low of 3195 and close the week around the levels of 3208.

Support for the commodity lies in the zone of 3160 to 3180 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 around 3080 to 3100 where Fibonacci level and lows for the month of March-2017 are lying.

Resistance for the commodity lies in the zone of 3240 to 3270 where Fibonacci levels and 200 Daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 3330 to 3350 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 3080 – 3100 on downside & 3330 – 3350 on upside.

Aluminium Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Aluminium for the week  (April 24, 2017 – April 28, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (124.60) closed the week on positive note gaining around 1.20%.

As we have mentioned last week that support for the commodity lies in the zone of around 123 to 123.50 from where commodity broke out after consolidation, 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 120 to 121 where Fibonacci level is lying. During the week the commodity manages to hit a low of 121.80 and close the week around the levels of 124.60.

Minor support for the commodity lies in the zone of 123.80 to 124.20. Support for the commodity lies in the zone of around 123 to 123.50 from where commodity broke out after consolidation, 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 120 to 121 where Fibonacci level is lying.

Resistance for the commodity lies in the zone of 125 to 125.50 where Fibonacci level and 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 127 to 128 where the commodity has formed a short term top.

Broad range for the commodity in the coming week can be seen between 121 – 122 on downside and 127 – 128 on upside.

Nickel Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Nickel for the week  (April 24, 2017 – April 28, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (604.80) closed the week on negative note losing around 3.50%.

As we have mentioned last week that support for the commodity lies in the zone of 625 to 627 where the commodity has formed a low in the month of March-2017. If the commodity manages to close below these levels then the commodity can drift to the levels of 600 to 605 from where the commodity broke out on weekly basis. During the week the commodity manages to hit a low of 601 and close the week around the levels of 605.

Support for the commodity lies in the zone of 600 to 605 from where the commodity broke out on weekly basis. If the commodity manages to close below these levels then the commodity can drift to the levels of around 570 to 580.

Minor resistance for the commodity lies in the zone of 615 to 620. Resistance for the commodity lies in the zone of 635 to 640 from where the commodity broke down on weekly charts. If the commodity manages to close above these levels then the commodity can move to the levels of around 675 to 680 where Fibonacci levels and short term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 580 – 585 on downside & 630 – 635 on upside.

Lead Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Lead for the week  (April 24, 2017 – April 28, 2017) :

LEAD:

 

LEAD 1

 

LEAD (139.10) closed the week on negative note losing around 3.90%.

As we have mentioned last week that support for the commodity lies in the zone of 142 to 144 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 140 to 141 where 200 Daily MA is lying. During the week the commodity manages to hit a low of 136 and close the week around the levels of 139.

Minor support for the commodity lies in the zone of 136 to 137. Support for the commodity lies in the zone of 133 to 134 where the commodity has taken support in the month of December-2016. If the commodity manages to close below these levels then the commodity can drift to the levels of around 130 to 131 where long term Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 141 to 142 where Fibonacci level and 200 Daily moving average is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 147 to 149 from where the commodity broke down after consolidation and Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 133 – 135 on downside and 146 – 148 on upside.

Zinc Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Zinc for the week  (April 24, 2017 – April 28, 2017) :

ZINC:

 

ZINC 1

 

ZINC (166.65) closed the week on a negative note losing around 1.15%..

As we have mentioned last week that minor resistance for the commodity lies in the zone of 172 to 173. Resistance for the commodity lies in the zone of 175 to 177 from where the commodity broke down. If the commodity manages to close above these levels then the commodity can move to the levels of 179 to 181 where Fibonacci level is lying. During the week the commodity manages to hit a high of 171 and close the week around the levels of 167.

Support for the commodity lies in the zone of 163 to 165 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 158 to 160 where channel support for the commodity is lying.

Resistance for the commodity lies in the zone of 169 to 170. Resistance for the commodity lies in the zone of 175 to 177 from where the commodity broke down. If the commodity manages to close above these levels then the commodity can move to the levels of 179 to 181 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 158 – 160 on downside & 177 – 179 on upside.

Copper Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Copper for the week  (April 24, 2017 – April 28, 2017) :

COPPER:

 

COPPER 1

 

COPPER (363.00) closed the week on negative note losing around 0.90%.

As we have mentioned last week that support for the commodity lies in the zone of 362 to 364 where the commodity has taken support in the month of November-2016 and December-2016. If the commodity manages to close below these levels then the commodity can drift to the levels of 358 to 360 where 200 Daily moving average is lying. During the week the commodity manages to hit a low of 357 and close the week around the levels of 363.

Support for the commodity lies in the zone of 362 to 364 where the commodity has taken support in the month of November-2016 and December-2016. If the commodity manages to close below these levels then the commodity can drift to the levels of 358 to 360 where 200 Daily moving average is lying.

Resistance for the commodity lies in the zone of 368 to 370 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 375 to 377 from where the commodity broke down and Fibonacci level are lying.

Broad range for the commodity in the coming week can be seen between 355 – 357 on downside & 375 – 377 on upside.

Silver Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Silver for the week  (April 24, 2017 – April 28, 2017) :

SILVER:

 

SILVER 1

 

SILVER (41289) closed the week on negative note losing around 3.00%.

As we have mentioned last week that resistance for the commodity lies in the zone of 43000 to 43100 where 200 Daily MA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 43400 to 43600 where Fibonacci level and high of the month of February-2017 is lying. During the week the commodity manages to hit a high of 42750 and close the week around the levels of 41289.

Support for the commodity lies in the zone of 40750 to 40900 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 40100 to 40300 where the commodity has opened gap up.

Minor resistance for the commodity lies in the zone of 41600 to 41800. Resistance for the commodity lies in the zone of 42150 to 42250 where short term moving average and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 42800 to 42900 where the commodity is facing resistance and 200 Daily moving averages are lying.

Broad range for the commodity in the coming week can be seen between 40000 – 40200 on downside & 42200 – 42400 on upside.

Gold Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Gold for the week  (April 24, 2017 – April 28, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29418) closed the week on absolutely flat note.

As we have mentioned last week that resistance for the commodity lies in the zone of 29400 to 29500 from where the commodity sold off in the month of March-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 29650 to 29750 where Fibonacci level and highs for the month of February-2017 are lying. During the week the commodity manages to hit a high of 29539 and close the week around the levels of 29418.

Minor support for the commodity lies in the zone of 29200 to 29250. Support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28400 to 28500 from where the commodity broke out.

Resistance for the commodity lies in the zone of 29400 to 29500 from where the commodity sold off in the month of March-2017 and 200 Daily moving average is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29650 to 29750 where Fibonacci level and highs for the month of February-2017 are lying.

Broad range for the commodity in the coming week can be seen between 29000 – 29100 on downside & 29800 – 29900 on upside.

Colgate Palmolive Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week  (April 24, 2017 – April 28, 2017) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive 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 995 to 1000. Support for the stock lies in the zone of 975 to 980 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 980 and close the week around the levels of 1033.

Minor support for the stock lies in the zone of 1000 to 1010. Support for the stock lies in the zone of 975 to 980 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..

Resistance for the stock lies in the zone of 1025 to 1035 where the stock has formed a double top pattern in the month of August-2016 and November-2016. If the stock manages to close above these levels then the stock can move to the levels of 1090 to 1100 where the stock has formed a life time high in the month of April-2015.

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

Dabur Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for DABUR for the week  (April 24, 2017 – April 28, 2017) :

DABUR:

 

DABUR

 

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

As we have mentioned last week that support for the stock lies in the zone of 285 to 287 where 200 Daily MA and Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 282 to 284 where break out levels are lying. During the week the stock manages to hit a low of 285 and close the week around the levels of 291.

Support for the stock lies in the zone of 285 to 287 where 200 Daily MA and Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 282 to 284 where break out levels are lying.

Minor resistance for the stock lies in the zone of 293 to 294. Resistance for the stock lies in the zone of 298 to 300 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 305 to 306 where the stock has formed a top in the month of November-2016.

Broad range for the stock is seen between 278 to 280 on downside & 300 to 302 on upside.

Hindustan Unilever Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week  (April 24, 2017 – April 28, 2017) :

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on negative note losing around 1.90%.

As we have mentioned last week that minor support for the stock lies in the zone of 905 to 915. 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 903 and close the week around the levels of 906.

Minor support for the stock lies in the zone of 905 to 910. 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 915 to 920. 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 880 on downside & 930 to 940 on upside.

ITC Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for ITC for the week  (April 24, 2017 – April 28, 2017) :

ITC:

 

ITC

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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 284 and close the week around the levels of 274.

Support for the stock lies in the zone of 270 to 272 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 266 to 268 from where the stock has broken out of September-2017 highs.

Minor resistance for the stock lies in the zone of 277 to 278. 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 265 to 267 on downside & 282 to 284 on upside.

Cipla Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Cipla for the week  (April 24, 2017 – April 28, 2017) :

CIPLA:

 

CIPLA

 

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

As we have mentioned last week that support for the stock lies in the zone of 565 to 570 where the stock has taken multiple support in the month of February-2017 and 200 Daily MA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 550 to 555 where the stock has taken support in the month of December-2016. During the week the stock manages to hit a low of 563 and close the week around the levels of 564.

Support for the stock lies in the zone of 560 to 565 where the stock has taken multiple support in the month of January-2017 & February-2017. If the stock manages to close below these levels then the stock can drift to the levels of 550 to 555 where the stock has taken support in the month of December-2016.

Minor resistance for the stock lies in the zone of 570 to 575. Resistance for the stock lies in the zone of 588 to 592 from where the stock broke down and short term MA is lying. If the stock manages to close above these levels then the stock can move to the levels of 605 to 610 where the highs of October-2016 and September-2016 is lying.

Broad range for the stock is seen in the range of 550 – 555 on downside & 580 – 585 on upside.

Dr. Reddy Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (April 24, 2017 – April 28, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 1.20%.

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 2723 and close the week around the levels of 2610.

Minor support for the stock lies in the zone of 2600 to 2640. 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 – 2530 on downside & 2700 – 2730 on upside.

Lupin Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Lupin for the week  (April 24, 2017 – April 28, 2017) :

LUPIN:

 

LUPIN

 

Lupin closed the week on negative note losing around 1.90%.

As we have mentioned last week that resistance for the stock lies in the zone of 1430 to 1440 from where the stock has broken down on weekly basis after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 1480 to 1500 where Fibonacci level is lying and medium term moving averages are lying. During the week the stock manages to hit a high of 1442 and close the week around the levels of 1408.

Support for the stock lies in the zone of 1380 to 1400 where the stock has made a bottom in the month of June – 2016, November – 2016 & December – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 1280 to 1300 where the stock has taken support on 29/03/2017.

Resistance for the stock lies in the zone of 1430 to 1440 from where the stock has broken down on weekly basis after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 1480 to 1500 where Fibonacci level is lying and medium term moving averages are lying.

Broad range for the stock is seen from 1330 – 1350 on downside & 1450 – 1460 on upside.

Sun Pharma Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Sun Pharma for the week  (April 24, 2017 – April 28, 2017) :

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on negative note losing around 7.70%.

As we have mentioned last week that minor support for the stock lies in the zone of 680 to 685. Support for the stock lies in the zone of 665 to 670 where medium 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 645 to 650 where Fibonacci level is lying. During the week the stock manages to hit a low of 637 and close the week around the levels of 640.

Minor support for the stock lies in the zone of 632 to 635. Support for the stock lies in the zone of 610 to 620 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 around 570 to 575 where the stock has formed a bottom in the month of November-2016.

Resistance for the stock lies in the zone of 650 to 655 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of around 665 to 670 from where the stock broke down.

Broad range for the stock in the coming week can be 610 – 615 on lower side & 665 – 670 on upper side.

Wipro Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Wipro for the week  (April 24, 2017 – April 28, 2017) :

WIPRO:

 

WIPRO

 

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

As we have mentioned last week that support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 483 and close the week around the levels of 491.

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 and medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 500 to 503. Resistance for the stock lies in the zone of 512 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 475 to 480 on downside & 515 to 520 on upside.

HCL Tech Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for HCL Tech for the week  (April 24, 2017 – April 28, 2017) :

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on positive note gaining around 0.50%.

As we have mentioned last week that support for the stock lies in the zone of 800 to 810 where Fibonacci levels and 200 MA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 770 to 780 where Fibonacci level is lying. During the week the stock manages to hit a low of 800 and close the week around the levels of 813.

Support for the stock lies in the zone of 800 to 810 where Fibonacci levels and 200 MA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 770 to 780 where Fibonacci level is lying.

Resistance for the stock lies in the zone of 820 to 830 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 840 to 850 where short term moving averages are lying.

Broad range for the stock in the coming week is seen between 770 to 775 on downside & 850 to 855 on upside.

TCS Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for TCS for the week  (April 24, 2017 – April 28, 2017)  :

TATA CONSULTANCY SERVICES:

 

TCS

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 2350 to 2360. Resistance for the stock lies in the zone of 2380 to 2400 where Fibonacci level and 200 Daily MA is lying. If the stock manages to close above these levels then the stock can move to the levels of 2430 to 2450. During the week the stock manages to hit a high of 2349 and close the week around the levels of 2311.

Minor support for the stock lies in the zone of 2280 to 2300. Support for the stock lies in the zone of 2220 to 2250 where Fibonacci level and trend-line joining lows of 2052 and 2153 are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2160 to 2180 where lows for the month of February-2017 and Fibonacci levels are lying.

Minor resistance for the stock lies in the zone of 2350 to 2360. Resistance for the stock lies in the zone of 2380 to 2400 where Fibonacci level and 200 Daily MA is lying. If the stock manages to close above these levels then the stock can move to the levels of 2430 to 2450.

Broad range for the stock in the coming week is seen between 2210 to 2230 on downside & 2420 to 2440 on upside.

Infosys Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Infosys for the week  (April 24, 2017 – April 28, 2017) :

INFOSYS:

 

INFY

 

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

As we have mentioned last week that support for the stock lies in the zone of 900 to 910 where the stock has taken support in the month of November-2016 and January-2017. If the stock manages to close below these levels then the stock can drift to the levels of around 850 to 870. During the week the stock manages to hit a low of 913 and close the week around the levels of 924.

Support for the stock lies in the zone of 900 to 910 where the stock has taken support in the month of November-2016 and January-2017. If the stock manages to close below these levels then the stock can drift to the levels of around 850 to 870.

Minor resistance for the stock lies in the zone of 932 to 935. Resistance for the stock lies in the zone of 945 to 950 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of around 970 to 980 where Fibonacci level is lying.

Broad range for the stock in the coming week is seen between 900 to 910 on downside & 960 to 970 on upside.

SBI Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for SBI for the week  (April 24, 2017 – April 28, 2017) :

STATE BANK OF INDIA:

 

SBIN

 

SBIN closed the week on negative note losing around 3.20%.

As we have mentioned last week that minor support for the stock lies in the zone of 289 to 291. Support for the stock lies in the zone of 283 to 285 from where the stock broke out of February-2017 highs. If the stock manages to close below these levels then the stock can drift to the levels of 279 to 280 where short term moving averages are lying. During the week the stock manages to hit a low of 279 and close the week around the levels of 282.

Support for the stock lies in the zone of 278 to 280 from where the stock broke out of February-2017 highs 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 268 to 270 from where the stock broke out and medium term moving averages are lying.

Minor resistance for the index lies in the zone of 284 to 285. Resistance for the stock lies in the zone of 288 to 290 from where the stock broke down and Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of around 296 to 298 where the stock has formed a short term top.

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

Axis Bank Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (April 24, 2017 – April 28, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 4.20%.

As we have mentioned last week that minor support for the stock lies in the zone of 500 to 503. Support for the stock lies in the zone of 488 to 490. 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. During the week the stock manages to hit a low of 483 and close the week around the levels of 486.

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.

Minor resistance for the stock lies in the zone of 495 to 500. Resistance for the stock lies in the zone of 513 to 518 where 200 Daily MA is lying. If the stock manages to close above these levels then the stock can move to the levels of 525 to 530 where top for the month of February-2017 and March-2017 is lying.

Broad range for the stock in the coming week can be 460 – 465 on lower side & 505 – 510 on upper side.

ICICI Bank Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for ICICI Bank for the week  (April 24, 2017 – April 28, 2017) :

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on negative note losing around 4.80%.

As we have mentioned last week that minor support for the stock lies in the zone of 278 to 280. 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. 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. During the week the stock manages to hit a low of 267 and close the week around the levels of 269.

Support for the stock lies in the zone of 266 to 268 where 200 Daily Moving average is lying. If the stock manages to close below these levels then the stock can drift to the levels 260 to 262 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 270 to 272 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 around 275 to 277 from where the stock broke down with gap and short term moving averages are lying.

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 (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for HDFC Bank for the week  (April 24, 2017 – April 28, 2017) :

HDFC BANK:

 

HDFCBANK

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 1450 to 1455. Resistance for the stock lies in the zone of 1470 to 1480 where the stock has formed a high in the month of March-2017. If the stock manages to close above these levels then the stock can move to the levels of 1500 to 1505 where Fibonacci level is lying. During the week the stock manages to hit a high of 1499 and close the week around the levels of 1497.

Support for the stock lies in the zone of 1470 to 1480 from where the stock broke out of March-2017 highs. If the stock manages to close below these levels then the stock can drift to the levels of 1455 to 1460 from where the stock broke out after consolidation.

Resistance for the stock lies in the zone of 1500 to 1505 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 1540 to 1550.

Broad range for the stock in the coming week can be 1460 to 1470 on lower side & 1530 to 1540 on upper side.

Nifty Media Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for NIFTY MEDIA for the week  (April 24, 2017 – April 28, 2017) :

NIFTY MEDIA:

 

NIFTYMEDIA

 

Nifty Media index closed the week on positive note gaining around 3.40%.

As we have mentioned last week that support for the index lies in the zone of 3140 to 3150 from where the index broke out of the October-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 3100 to 3110 from where the index broke out after consolidation. During the week the index manages to hit a low of 3133 and close the week around the levels of 3266.

Minor support for the index lies in the zone of 3210 to 3230. Support for the index lies in the zone of 3140 to 3150 from where the index broke out of the October-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 3100 to 3110 from where the index broke out after consolidation.

Resistance for the index lies in the zone of 3240 to 3260. 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 3150 to 3180 on downside & 3320 to 3350 on upside.

Nifty Realty Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for NIFTY REALTY for the week  (April 24, 2017 – April 28, 2017) :

NIFTY REALTY:

 

NIFTYREALT

 

Nifty REALTY index closed the week on positive note gaining around 10.50%.

As we have mentioned last week that resistance for the index lies in the zone of 229 to 231. If the index manages to close above these levels then 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 257 and close the week around the levels of 252.

Minor support for the index lies in the zone of 245 to 247. Support for the index lies in the zone of 235 to 237 where Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of around 216 to 220 from where the index broke out of August-2016 and September-2016 highs.

Resistance for the index lies in the zone of 258 to 260. If the index manages to close above these levels then the index can move to the levels of 268 to 270.

Broad range for the index is seen between 235 to 237 on downside & 268 to 270 on upside.

Nifty PSU Bank Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (April 24, 2017 – April 28, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

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

As we have mentioned last week that resistance for the index lies in the zone of 3600 to 3630 where short term top has been formed. If the index manages to close above these levels then the index can move to the levels of 3750 to 3800 from where the index sold off in the month of April-2015 & August-2015. During the week the index manages to hit a high of 3619 and close the week around the levels of 3473.

Support for the index lies in the zone of 3470 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 3370 to 3400 from where the index broke out and short term moving averages are lying.

Minor resistance for the index lies in the zone of 3500 to 3530. Resistance for the index lies in the zone of 3600 to 3630 where short term top has been formed. If the index manages to close above these levels then the index can move to the levels 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 & 3580 to 3600 on upside.

Nifty Metal Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for NIFTY METAL for the week  (April 24, 2017 – April 28, 2017) :

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on negative note losing around 2.70%.

As we have mentioned last week that minor resistance for the index lies in the zone of 3020 to 3040. Resistance for the index lies in the zone of 3080 to 3100 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 3150 to 3170. During the week the index manages to hit a high of 3020 and close the week around the levels of 2905.

Support for the index lies in the zone of 2880 to 2910 from where the index broke out from November-2016 and December-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 2750 to 2800 where Fibonacci levels and 200 Daily moving averages are lying.

Minor resistance for the index lies in the zone of 2950 to 2970. Resistance for the index lies in the zone of 3020 to 3050 from where the index broke down after consolidation and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3130 to 3150.

Broad range for the index is seen between 2800 to 2830 on downside & 3000 to 3030 on upside.

Nifty Energy Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (April 24, 2017 – April 28, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 1.50%.

As we have mentioned last week that minor support for the index lies in the zone of 11900 to 11950. Support for the index lies in the zone of 11620 to 11680 from where the index has broken out of March-2017 highs. 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. During the week the index manages to hit a low of 11969 and close the week around the levels of 12194.

Minor support for the index lies in the zone of 12000 to 12050. Support for the index lies in the zone of 11850 to 11900 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 11620 to 11680 from where the index has broken out of March-2017 highs.

Resistance for the index lies in the zone of 12150 to 12200 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 12400 to 12500.

Broad range for the index is seen between 11800 to 11850 on downside & 12400 to 12500 on upside.

Nifty Auto Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (April 24, 2017 – April 28, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 0.50%.

As we have mentioned last week that support for the index lies in the zone of 9840 to 9870 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9730 to 9780 where the index broke out after consolidation. During the week the index manages to hit a low of 9784 and close the week around the levels of 9859.

Support for the index lies in the zone of 9840 to 9870 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9730 to 9780 where the index broke out after consolidation. Below these levels the index can drift to the levels around 9650 to 9700 where medium term & 200 Daily moving averages are lying.

Minor resistance for the index lies in the zone of 9900 to 9930. 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 9700 to 9730 on downside & 10000 to 10050 on upside.

Nifty Pharma Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for NIFTY Pharma for the week  (April 24, 2017 – April 28, 2017) :

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week that minor support for the index lies in the zone of 10400 to 10450. Support for the index lies in the zone of 10250 to 10350 where the index has broken out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016. During the week the index manages to hit a low of 10192 and close the week around the levels of 10208.

Support for the index lies in the zone of 10100 to 10200 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 9800 to 9900 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 10300 to 10350. Resistance for the index lies in the zone of 10450 to 10520 where short & medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of around 10600 to 10700 where Fibonacci level is lying.

Broad range for the index is seen from 9950 to 10000 on downside & 10500 to 10550 on upside.

Nifty FMCG Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (April 24, 2017 – April 28, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

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

As we have mentioned last week that resistance for the index lies in the zone of 23750 to 23850 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 24250 to 24350. During the week the index manages to hit a high of 23723 and close the week around the levels of 23230.

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 23400 to 23500. Resistance for the index lies in the zone of 23750 to 23850 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 24250 to 24350.

Broad range for the index in the coming week is seen from 22200 to 22300 on downside & 24000 to 24100 on upside.

Nifty IT Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for NIFTY IT for the week  (April 24, 2017 – April 28, 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 9890 to 9930 where trend-line joining lows of 9295 and 9592 is lying and long term Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 9580 to 9620 levels where the index has formed a low in the month of February-2017. During the week the index manages to hit a low of 9902 and close the week around the levels of 10008.

Support for the index lies in the zone of 9890 to 9930 where trend-line joining lows of 9295 and 9592 is lying and long term Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 9580 to 9620 levels where the index has formed a low in the month of February-2017.

Minor resistance for the index lies in the zone of 10080 to 10130. Resistance for the index lies in the zone of 10200 to 10300 where Fibonacci level is lying. If the index manages to close above these levels then the index can move to the levels of 10450 to 10530 where 200 Daily moving average and Fibonacci level is lying.

Broad range for the index in the coming week is seen from 9800 to 9850 on downside & 10300 to 10350 on upside.

Nifty Bank Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (April 24, 2017 – April 28, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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

As we have mentioned last week that minor support for the index lies in the zone of 21400 to 21500. Support for the index lies in the zone of 21000 to 21100 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. During the week the index manages to hit a low of 21386 and close the week around the levels of 21551.

Minor support for the index lies in the zone of 21400 to 21500. Support for the index lies in the zone of 21000 to 21100 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 21100 to 21200 on downside & 22100 to 22200 on upside.

Nifty Outlook for the Week (April 24, 2017 – April 28, 2017)

Equityandit’s Outlook for Nifty for week (April 24, 2017 – April 28, 2017):

NIFTY:

 

NIFTY

 

Nifty closed the week on negative note losing around 0.30%.

As we have mentioned last week that minor resistance for the index lies in the zone of 9220 to 9240. Resistance for the index lies in the zone of 9270 to 9300. 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 9218 and close the week around the levels of 9119.

Minor support for the index lies in the zone of 9070 to 9080. 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 9170 to 9200. Resistance for the index lies in the zone of 9220 to 9250 from where the index sold off on intraday basis. If the index manages to close above these levels then the index can move to the levels of around 9300 to 9350.

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

MCX Tips for – Friday, April 21, 2017

Gold (29295): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 29177 levels. Traders can initiate long positions on every dip until Gold Future closes below 29177 levels.

Silver (41505):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 42245 levels.

Crude (3301): 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 3372 levels.

Natural Gas (203.40): 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 208.80 levels.

Copper (364.15): 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 368.55.

Zinc (169.90): 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 161.80 levels.

Lead (140.05): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 141.90 levels.

Nickel (612.80):  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 624.15 levels.

Aluminium (125.65):  Aluminium has entered into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 122.20 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Friday, April 21, 2017

equitypandit_square

Nifty To See Reversal If Closed Above 9164, Go Long With Stoploss Below 9100

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that market is in negative zone but Since Nifty has formed HAMMER candlestick pattern with stochastic in oversold region and hence we would see sharp bounce back in Nifty but BankNifty would see further downfall and exactly same happened. Nifty moved sharply positive for the day whereas BankNifty saw sharp downfall today. 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 21400. Finally, Indian Stock Market closed positive for the day with some pressure on BankNifty.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market is still in negative zone as of now. Market would see short term reversal once it closes above 9164 levels for Nifty and 21688 levels for BankNifty. Nifty has formed a MORNING STAR candlestick pattern that suggest that bottom has been made and it may see sharp positive rally in days to come. Nifty would see some further short covering rally but this positive rally should be utilized in intraday trading only. Traders can go long in Nifty with strict stoploss of 9100 levels on closing basis. Traders can take long positions home only if Nifty closes above 9164 levels as Nifty would enter into short term positive trend by then. Banking Giant HDFC Bank would disclose its Q4 results today and it would direct BankNifty in upcoming days. Overall, market is still rangebound and traders can go long at support levels and short at EquityPandit’s predicted resistance levels.

FIIs were net sellers of Rs.168.84 crores whereas DIIs were net buyers of Rs.8.82 crores in cash market for last trading session. Nifty would see strong support at 9097-9080-9045-9020 whereas strong resistance would be seen at 9165-9185-9220 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

Important Corporate Results Today: ACC and HDFC Bank Ltd.

NSE Nifty: (9136) The support for the Nifty is 9097-9080-9045-9020 and the resistance to the up move is at 9165-9185-9220 levels.

NSE BankNifty: (21491) The support for BankNifty is at 21470-21400-21331-21250 and the resistance to the up move is at 21560-21607-21740-21790-21840 levels.

BSE Sensex: (29422) The support for the Sensex is at 29340-29200-29145-29060-29000 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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MCX Tips for – Thursday, April 20, 2017

Gold (29305): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 29177 levels. Traders can initiate long positions on every dip until Gold Future closes below 29177 levels.

Silver (41898):  Silver has entered into negative zone and traders can go short at every dip or hold short positions until Silver closes above 42497 levels.

Crude (3256): 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 3381 levels.

Natural Gas (207.50): 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 208.80 levels.

Copper (361.25): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 368.55.

Zinc (165.40): 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 168.30 levels.

Lead (139.80): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 141.90 levels.

Nickel (607.60):  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 624.15 levels.

Aluminium (123.15):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 124.45 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Thursday, April 20, 2017

equitypandit_square

Market In Negative Zone But Some Bounce Back Can Be Seen In Nifty

 

Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that Nifty is still in negative zone. EquityPandit predicted that Nifty is in negative zone but BankNifty is still in positive zone and would enter into negative zone once it breaches 21581 levels. EquityPandit also predicted that BankNifty has seen SHOOTING STAR candlestick patter with stochastic in overbought region and hence would see sharp downfall and exactly same happened. BankNifty moved sharply negative as per EquityPandit’s predictions and closed above EquityPandit’s predicted support levels of 21540. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed flat for the day whereas BankNifty closed gap negative for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market including Nifty, BankNifty and Sensex are in negative zone. Nifty has formed HAMMER Candlestick Pattern with stochastic in oversold region and hence we can see some sharp bounce back in Nifty from support levels at this point of time but Nifty would enter into short term positive zone only if it closes above 9164 levels. For now, Nifty would see immediate resistance near 9135-9165-9185 levels and downside is open until 9050-9000 levels. BankNifty has recently entered into negative zone and further downfall would be seen in BankNifty in upcoming days after some short covering rally. Overall market would consolidate in a rangebound region and traders can go long at EquityPandit’s support and short at EquityPandit’s predicted resistance levels.

FIIs were net sellers of Rs.673.38 crores whereas DIIs were net buyers of Rs.525.52 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 9135-9165-9185-9220 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

Important Corporate Results Today: Cyient, Hindustan Zinc and Mindtree.

NSE Nifty: (9104) The support for the Nifty is 9080-9045-9020-8997 and the resistance to the up move is at 9135-9165-9185-9220 levels.

NSE BankNifty: (21556) The support for BankNifty is at 21470-21400-21331-21250 and the resistance to the up move is at 21607-21740-21790-21840 levels.

BSE Sensex: (29337) 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.

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MCX Tips for – Wednesday, April 19, 2017

Gold (29514): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 29177 levels. Traders can initiate long positions on every dip until Gold Future closes below 29177 levels.

Silver (42187):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 42022 levels.

Crude (3399): 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 3443 levels.

Natural Gas (202.80): 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 208.80 levels.

Copper (361.20): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 372.20.

Zinc (162.50): 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 169.50 levels.

Lead (137.00): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 143.60 levels.

Nickel (604.90):  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 629.30 levels.

Aluminium (122.00):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 124.45 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Wednesday, April 19, 2017

equitypandit_square

Nifty Still In Negative Zone, IndusInd and Yes Bank Results To Direct BankNifty Today

 

Last Trading Session: Indian Stock Market opened flat with positive bias. EquityPandit predicted that market would see some short covering rally and intraday traders can go long above 9160 levels. Once Nifty breached 9160 levels, it moved sharply positive and saw strong resistance right near EquityPandit’s predicted resistance levels of 9225. Sensex also saw highs right at EquityPandit’s predicted resistance levels of 29700 like a dot. Market was not able to sustain above EquityPandit’s predicted resistance levels and fell down sharply to see intraday lows. Nifty saw lows right at EquityPandit’s predicted support levels of 9097 like a dot. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open negative. Technically, Nifty is still in negative zone whereas BankNifty is in positive zone. BankNifty would enter into negative zone once it closes below 21581 levels. Nifty already achieved EquityPandit’s second Target of 9097 and now next target would be 9050 levels. Once, Nifty breaches levels of 9095, we would soon see levels of 9050. Some bounce can be seen near EquityPandit’s support but market is too cautious to hold higher levels as of now. Once BankNifty closes below 21581 levels on spot basis, we would see sharp downfall in Indian Stock Market. Nifty would see reversal only if it closes above 9202 levels. Nifty has chances to bounce back form 9100 levels but until it doesn’t close above 9202 levels, every positive rally is an opportunity to go short in the market. IndusInd and Yes Bank would disclose their Q4 results today and it would set the investors expectations from Banking sector and would direct the BankNifty going ahead. Also note that BankNifty has seen SHOOTING STAR candlestick pattern with stochastic in overbought region, that suggest that there is high probability of downfall below 21634 levels.

FIIs were net sellers of Rs.930.67 crores whereas DIIs were net buyers of Rs.878.08 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

Important Corporate Results Today: IndusInd Bank Ltd, Network 18, TV18 Broadcast and Yes Bank Ltd.

NSE Nifty: (9105) 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: (21672) The support for BankNifty is at 21616-21540-21400-21331-21250 and the resistance to the up move is at 21740-21790-21840-21950 levels.

BSE Sensex: (29319) 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 – Tuesday, April 18, 2017

Gold (29430): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 29177 levels. Traders can initiate long positions on every dip until Gold Future closes below 29177 levels.

Silver (42497):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 42022 levels.

Crude (3399): Crude has entered into negative zone. Traders should initiate short positions on every rise. For now traders can hold short position until Crude future closes above 3466 levels.

Natural Gas (205.00): 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 211.15 levels.

Copper (370.15): 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 373.40.

Zinc (168.50): 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 170.90 levels.

Lead (144.95): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 147.60 levels.

Nickel (623.90):  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 640.10 levels.

Aluminium (124.35):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 124.45 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Tuesday, April 18, 2017

equitypandit_square

Market To See Some Short Covering Rally, TCS Results Today

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative for the day. EquityPandit predicted that Indian Stock Market is still in correction mode and traders can hold short positions for Nifty. EquityPandit also predicted that Nifty would see levels of 9120 in upcoming days and exactly same happened. Nifty moved sharply negative and saw lows right at EquityPandit’s target of 9120 like a dot. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open flat. Technically, analysis would still remain same. Nifty is still in negative zone whereas BankNifty is in positive zone. Market would see some short covering rally as Nifty is near its crucial support levels and Geopolitical issues also eased for now. Technically, Nifty has formed a Doji Candlestick pattern, so traders can see strength above 9160 levels whereas further correction can be seen below 9120 levels for Nifty. Nifty would see reversal and would enter into positive zone if it managed to close above 9202 levels. 9100 would act as strong support for Nifty, breaching which, Nifty would fell down sharply towards 9000 levels. Traders can wait for breach of 9160 in positive direction or 9120 in negative direction and take the positions accordingly. TCS would disclose its results today and would affect Indian Stock Market for the day.

FIIs were net sellers of Rs.250.54 crores whereas DIIs were net sellers of Rs.52.38 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 9165-9180-9202-9225 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Corporate Results Today: TCS and VST Industries.

NSE Nifty: (9139) The support for the Nifty is 9120-9097-9060-9020 and the resistance to the up move is at 9165-9180-9202-9225 levels.

NSE BankNifty: (21647) The support for BankNifty is at 21616-21540-21400-21331-21250 and the resistance to the up move is at 21740-21790-21840-21950 levels.

BSE Sensex: (29414) The support for the Sensex is at 29350-29240-29110-29000 and the resistance to the up move is at 29500-29585-29700-29880 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 – Monday, April 17, 2017

Gold (29409): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 29083 levels. Traders can initiate long positions on every dip until Gold Future closes below 29083 levels.

Silver (42571):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 41922 levels.

Crude (3420): 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 3400 levels.

Natural Gas (207.10): 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 211.15 levels.

Copper (366.20): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 373.40.

Zinc (168.60): 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 170.90 levels.

Lead (144.70): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 148.10 levels.

Nickel (626.70):  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 646.15 levels.

Aluminium (123.10):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 124.45 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Monday, April 17, 2017

equitypandit_square

Nifty Still In Correction Mode, Hold Short Positions

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative for the day. EquityPandit predicted that Nifty is in negative zone whereas BankNifty is in positive zone. EquityPandit predicted that traders should go short at every rally in the market and exactly same happened. Indian Stock Market fell down sharply. Traders, who followed EquityPandit’s advice might have earned whopping profits for the day. Finally, Indian Stock Market closed gap negative for the day. Nifty closes right at EquityPandit’s predicted support levels of 9150 like a dot.

Today: Indian Stock Market would open negative. Technically, analysis would remain same. Nifty is still in negative zone and traders can hold short positions as of now. BankNifty would get weaker only once it closes below 21660 levels. BankNifty is currently driven by the hopes of better Q4 Results and early NPA resolution. Nifty can slide down further and can see levels of 9120-9097-9050 in upcoming days. Geopolitical issues are still a big worry for the markets across the globe. Overall, market is negative as of now and traders can continue to hold short positions.

FIIs were net sellers of Rs.407.88 crores whereas DIIs were net buyers of Rs.65.43 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 9180-9200-9225-9254 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

Important Corporate Results Today: Gruh Finance Ltd.

NSE Nifty: (9151) The support for the Nifty is 9130-9097-9060-9020 and the resistance to the up move is at 9180-9200-9225-9254 levels.

NSE BankNifty: (21687) The support for BankNifty is at 21616-21540-21400-21331-21250 and the resistance to the up move is at 21790-21840-21950-22060 levels.

BSE Sensex: (29461) 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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Natural Gas Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Natural Gas for the week  (April 17, 2017 – April 21, 2017) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS (207.10) closed the week on negative note losing around 1.40%.

As we have mentioned last week that minor support for the commodity lies in the zone of 206 to 208. Support for the commodity lies in the zone of 201 to 203 where Fibonacci level and 200 Daily SMA is lying. 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. During the week the commodity manages to hit a low of 203 and close the week around the levels of 207.

Support for the commodity lies in the zone of 201 to 203 where Fibonacci level and 200 Daily SMA is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 194 to 196 from where the commodity broke out after consolidation.

Minor resistance for the commodity lies in the zone of 209 to 211. Resistance for the commodity lies in the zone of 215 to 217 where long term Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 221 to 223 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 198 – 200 on downside & 215 – 217 on upside.

Crude Oil Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (April 17, 2017 – April 21, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3420) closed the week on a positive note gaining around 1.80%.

As we have mentioned last week that resistance for the commodity lies in the zone of 3400 to 3430 where short term moving average and Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3470 to 3500. During the week the commodity manages to hit a high of 3478 and close the week around the levels of 3420.

Minor support for the commodity lies in the zone of 3360 to 3380. Support for the commodity lies in the zone of 3300 to 3330 where Fibonacci level is lying. If the commodity manage to close below these levels then the commodity can drift to the levels of 3230 to 3270 where Fibonacci level and 200 Daily MA are lying.

Resistance for the commodity lies in the zone 3470 to 3500 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 around 3550 to 3570 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 3300 – 3330 on downside & 3550 – 3580 on upside.

Aluminium Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Aluminium for the week  (April 17, 2017 – April 21, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (123.10) closed the week on negative note losing around 2.10%.

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 123.50 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 122.25 and close the week around the levels of 123.10

Support for the commodity lies in the zone of around 123 to 123.50 from where commodity broke out after consolidation, 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 120 to 121 where Fibonacci level is lying.

Resistance for the commodity lies in the zone of 124 to 124.50 from where the commodity broke down. If the commodity manages to close above these levels then the commodity can move to the levels of around 125 to 125.50 where Fibonacci level and short term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 120 – 121 on downside and 125 – 126 on upside.

Nickel Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Nickel for the week  (April 17, 2017 – April 21, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (626.70) closed the week on negative note losing around 4.60%.

As we have mentioned last week that minor support for the commodity lies in the zone of 648 to 652. 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 drift to the levels of 625 to 627 where the commodity has formed a low in the month of March-2017. During the week the commodity manages to hit a low of 625 and close the week around the levels of 627.

Support for the commodity lies in the zone of 625 to 627 where the commodity has formed a low in the month of March-2017. If the commodity manages to close below these levels then the commodity can drift to the levels of 600 to 605 from where the commodity broke out on weekly basis.

Minor resistance for the commodity lies in the zone of 635 to 640. 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 600 – 605 on downside & 650 – 655 on upside.

Lead Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Lead for the week  (April 17, 2017 – April 21, 2017) :

LEAD:

 

LEAD 1

 

LEAD (144.70) closed the week on negative note losing around 0.30%.

As we have mentioned last week that support for the commodity lies in the zone of 142 to 144 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 140 to 141 where 200 Daily MA is lying. During the week the commodity manages to hit a low of 143 and close the week around the levels of 145.

Support for the commodity lies in the zone of 142 to 144 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 140 to 141 where 200 Daily MA is lying.

Resistance for the commodity lies in the zone of 147 to 149 from where the commodity broke down after consolidation and Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 152 to 154 where short & medium term moving averages and Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 139 – 141 on downside and 150 – 152 on upside.

Zinc Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Zinc for the week  (April 17, 2017 – April 21, 2017) :

ZINC:

 

ZINC 1

 

ZINC (168.60) closed the week on a negative note losing around 1.95%..

As we have mentioned last week that support for the commodity lies in the zone of 168 to 170 where 200 Daily MA is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 164 to 166 where Fibonacci level and low for the month of December-2016 is lying. During the week the commodity manages to hit a low of 165 and close the week around the levels of 169.

Commodity has closed just below the support zone of 168 to 170 where 200 Daily MA is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 164 to 166 where Fibonacci level and low for the month of December-2016 is lying.

Minor resistance for the commodity lies in the zone of 172 to 173. Resistance for the commodity lies in the zone of 175 to 177 from where the commodity broke down. If the commodity manages to close above these levels then the commodity can move to the levels of 179 to 181 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 161 – 163 on downside & 178 – 179 on upside.

Copper Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Copper for the week  (April 17, 2017 – April 21, 2017) :

COPPER:

 

COPPER 1

 

COPPER (366.20) closed the week on negative note losing around 2.60%.

As we have mentioned last week that support for the commodity lies in the zone of 375 to 376 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 370 to 372 where long term Fibonacci level is lying. Below these levels the commodity can drift to the levels of 362 to 364 where the commodity has taken support in the month of November-2016 and December-2016. During the week the commodity manages to hit a low of 363 and close the week around the levels of 366.

Support for the commodity lies in the zone of 362 to 364 where the commodity has taken support in the month of November-2016 and December-2016. If the commodity manages to close below these levels then the commodity can drift to the levels of 358 to 360 where 200 Daily moving average is lying.

Resistance for the commodity lies in the zone of 370 to 371 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 around 375 to 377 from where the commodity broke down and Fibonacci level are lying.

Broad range for the commodity in the coming week can be seen between 355 – 357 on downside & 375 – 377 on upside.

Silver Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Silver for the week  (April 17, 2017 – April 21, 2017) :

SILVER:

 

SILVER 1

 

SILVER (42571) closed the week on positive note gaining around 2.90%.

As we have mentioned last week that support for the commodity lies in the zone of 41000 to 41200 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 40700 to 40800 where Fibonacci level is lying. During the week the commodity manages to hit a low of 41006 and close the week around the levels of 42571.

Support for the commodity lies in the zone of 42200 to 42300 where Fibonacci level and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 41400 to 41500 where medium term moving averages are lying.

Resistance for the commodity lies in the zone of 43000 to 43100 where 200 Daily MA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 43400 to 43600 where Fibonacci level and high of the month of February-2017 is lying.

Broad range for the commodity in the coming week can be seen between 41400 – 41500 on downside & 43500 – 43600 on upside.

Gold Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Gold for the week  (April 17, 2017 – April 21, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29409) closed the week on positive note gaining around 2.50%.

As we have mentioned last week that 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. During the week the commodity manages to hit a high of 29433 and close the week around the levels of 29409.

Support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28400 to 28500 from where the commodity broke out.

Resistance for the commodity lies in the zone of 29400 to 29500 from where the commodity sold off in the month of March-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 29650 to 29750 where Fibonacci level and highs for the month of February-2017 are lying.

Broad range for the commodity in the coming week can be seen between 29000 – 29100 on downside & 29800 – 29900 on upside.

Colgate Palmolive Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week  (April 17, 2017 – April 21, 2017) :

COLGATE PALMOLIVE:

 

COLPAL

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 1020 to 1030 where the stock has formed a double top pattern in the month of August-2016 and November-2016. If the stock manages to close above these levels then the stock can move to the levels of 1090 to 1100 where the stock has formed a life time high in the month of April-2015. During the week the stock manages to hit a high of 1030 and close the week around the levels of 1015.

Minor support for the stock lies in the zone of 995 to 1000. Support for the stock lies in the zone of 975 to 980 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..

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. If the stock manages to close above these levels then the stock can move to the levels of 1090 to 1100 where the stock has formed a life time high in the month of April-2015.

Broad range for the stock is seen between 970 to 980 on downside & 1040 to 1050 on upside.

Dabur Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for DABUR for the week  (April 17, 2017 – April 21, 2017) :

DABUR:

 

DABUR

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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 291 and close the week around the levels of 288.

Support for the stock lies in the zone of 285 to 287 where 200 Daily MA and Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 282 to 284 where break out levels are lying.

Minor resistance for the stock lies in the zone of 290 to 292. Resistance for the stock lies in the zone of 298 to 300 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 305 to 306 where the stock has formed a top in the month of November-2016.

Broad range for the stock is seen between 278 to 280 on downside & 300 to 302 on upside.

Hindustan Unilever Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week  (April 17, 2017 – April 21, 2017) :

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on absolutely flat note.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 930 and close the week around the levels of 924.

Minor support for the stock lies in the zone of 905 to 915. 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.

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 890 to 900 on downside & 950 to 960 on upside.

ITC Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for ITC for the week  (April 17, 2017 – April 21, 2017) :

ITC:

 

ITC

 

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

As we have mentioned last week that support for the stock lies in the zone of 270 to 272 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 266 to 268 from where the stock has broken out of September-2017 highs. During the week the stock manages to hit a low of 272 and close the week around the levels of 279.

Minor support for the stock lies in the zone of 276 to 277. Support for the stock lies in the zone of 270 to 272 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 266 to 268 from where the stock has broken out of September-2017 highs.

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 (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Cipla for the week  (April 17, 2017 – April 21, 2017) :

CIPLA:

 

CIPLA

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 585 to 587. Support for the stock lies in the zone of 575 to 580 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 571 and close the week around the levels of 577.

Support for the stock lies in the zone of 565 to 570 where the stock has taken multiple support in the month of February-2017 and 200 Daily MA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 550 to 555 where the stock has taken support in the month of December-2016.

Minor resistance for the stock lies in the zone of 580 to 585. Resistance for the stock lies in the zone of 592 to 595 from where the stock broke down and short term MA is lying. If the stock manages to close above these levels then the stock can move to the levels of 605 to 610 where the highs of October-2016 and September-2016 is lying.

Broad range for the stock is seen in the range of 550 – 555 on downside & 600 – 605 on upside.

Dr. Reddy Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (April 17, 2017 – April 21, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy 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 2600 to 2640. 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. During the week the stock manages to hit a low of 2615 and close the week around the levels of 2641.

Minor support for the stock lies in the zone of 2600 to 2640. 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 & 2750 – 2770 on upside.

Lupin Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Lupin for the week  (April 17, 2017 – April 21, 2017) :

LUPIN:

 

LUPIN

 

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

As we have mentioned last week that support for the stock lies in the zone of 1380 to 1400 where the stock has made a bottom in the month of June – 2016, November – 2016 & December – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 1280 to 1300 where the stock has taken support on 29/03/2017. During the week the stock manages to hit a low of 1397 and close the week around the levels of 1435.

Minor support for the stock lies in the zone of 1420 to 1425. Support for the stock lies in the zone of 1380 to 1400 where the stock has made a bottom in the month of June – 2016, November – 2016 & December – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 1280 to 1300 where the stock has taken support on 29/03/2017.

Resistance for the stock lies in the zone of 1430 to 1440 from where the stock has broken down on weekly basis after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 1480 to 1500 where Fibonacci level is lying and medium term moving averages are lying.

Broad range for the stock is seen from 1350 – 1380 on downside & 1480 – 1490 on upside.

Sun Pharma Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Sun Pharma for the week  (April 17, 2017 – April 21, 2017) :

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on positive note gaining around 4.00%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 670 to 675. Resistance for the stock lies in the zone of 682 to 685 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 700 to 710 where 200 Daily MA is lying. During the week the stock manages to hit a high of 700 and close the week around the levels of 693.

Minor support for the stock lies in the zone of 680 to 685. Support for the stock lies in the zone of 665 to 670 where medium 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 645 to 650 where Fibonacci level is lying.

Resistance for the stock lies in the zone of 705 to 715 where 200 Daily MA is lying. If the stock manages to close above these levels then the stock can move to the levels of 730 to 735 where the stock has formed double top pattern.

Broad range for the stock in the coming week can be 670 – 675 on lower side & 725 – 730 on upper side.

Wipro Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Wipro for the week  (April 17, 2017 – April 21, 2017) :

WIPRO:

 

WIPRO

 

Wipro closed the week on negative note losing around 3.20%.

As we have mentioned last week that minor support for the stock lies in the zone of 504 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. During the week the stock manages to hit a low of 492 and close the week around the levels of 495.

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.

Minor resistance for the stock lies in the zone of 500 to 503. Resistance for the stock lies in the zone of 512 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 475 to 480 on downside & 515 to 520 on upside.

HCL Tech Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for HCL Tech for the week  (April 17, 2017 – April 21, 2017) :

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on negative note losing around 4.70%.

As we have mentioned last week that support for the stock lies in the zone of 835 to 840 where the stock has taken multiple support in the month of March-2017. If the stock manages to close below these levels then the stock can drift to the levels of 800 to 810 where Fibonacci levels and 200 MA is lying. During the week the stock manages to hit a low of 805 and close the week around the levels of 809.

Support for the stock lies in the zone of 800 to 810 where Fibonacci levels and 200 MA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 770 to 780 where Fibonacci level is lying.

Resistance for the stock lies in the zone of 820 to 830 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 840 to 850 where short term moving averages are lying.

Broad range for the stock in the coming week is seen between 770 to 775 on downside & 850 to 855 on upside.

TCS Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for TCS for the week  (April 17, 2017 – April 21, 2017)  :

TATA CONSULTANCY SERVICES:

 

TCS

 

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

As we have mentioned last week that support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 2321 and close the week around the levels of 2328.

Support for the stock lies in the zone of 2320 to 2340 where Fibonacci level 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 2210 to 2230 where Fibonacci level and trend-line joining lows of 2052 and 2153 are lying.

Minor resistance for the stock lies in the zone of 2350 to 2360. Resistance for the stock lies in the zone of 2380 to 2400 where Fibonacci level and 200 Daily MA is lying. If the stock manages to close above these levels then the stock can move to the levels of 2430 to 2450.

Broad range for the stock in the coming week is seen between 2210 to 2230 on downside & 2420 to 2440 on upside.

Infosys Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Infosys for the week  (April 17, 2017 – April 21, 2017) :

INFOSYS:

 

INFY

 

INFY closed the week on negative note losing around 5.10%.

As we have mentioned last week that resistance for the stock lies in the zone of 1000 to 1010 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 1030 to 1040 highs for the month of January-2017, March-2017 and 200 Daily MA is lying. During the week the stock manages to hit a high of 990 and close the week around the levels of 931.

Support for the stock lies in the zone of 900 to 910 where the stock has taken support in the month of November-2016 and January-2017. If the stock manages to close below these levels then the stock can drift to the levels of around 850 to 870.

Resistance for the stock lies in the zone of 945 to 950 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of around 970 to 980 where Fibonacci level is lying.

Broad range for the stock in the coming week is seen between 900 to 910 on downside & 970 to 980 on upside.

SBI Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for SBI for the week  (April 17, 2017 – April 21, 2017) :

STATE BANK OF INDIA:

 

SBIN

 

SBIN 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 292 to 294. Resistance for the stock lies in the zone of 300 to 305 from where the stock sold off in the month of May-2015. If the stock manages to close above these levels then the stock can move to the levels of around 325 to 330 where trend-line joining highs of 352 and 336 is lying. During the week the stock manages to hit a high of 295 and close the week around the levels of 292.

Minor support for the stock lies in the zone of 289 to 291. Support for the stock lies in the zone of 283 to 285 from where the stock broke out of February-2017 highs. If the stock manages to close below these levels then the stock can drift to the levels of 279 to 280 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 292 to 294. Resistance for the stock lies in the zone of 300 to 305 from where the stock sold off in the month of May-2015. If the stock manages to close above these levels then the stock can move to the levels of around 325 to 330 where trend-line joining highs of 352 and 336 is lying.

Broad range for the stock in the coming week can be 280 to 282 on lower side to 300 to 303 on upper side.

Axis Bank Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (April 17, 2017 – April 21, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank 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 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. During the week the stock manages to hit a high of 520 and close the week around the levels of 508.

Minor support for the stock lies in the zone of 500 to 503. Support for the stock lies in the zone of 488 to 490. 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 513 to 518 where 200 Daily MA is lying. If the stock manages to close above these levels then the stock can move to the levels of 525 to 530 where top for the month of February-2017 and March-2017 is lying.

Broad range for the stock in the coming week can be 480 – 485 on lower side & 525 – 530 on upper side.

ICICI Bank Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for ICICI Bank for the week  (April 17, 2017 – April 21, 2017) :

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on positive note gaining around 2.00%.

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

Minor support for the stock lies in the zone of 278 to 280. 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. 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.

Minor resistance for the stock lies in the zone of 285 to 286. Resistance for the stock lies in the zone of 288 to 290 where the stock is facing resistance. If the stock manages to close above these levels then the stock can move to the levels of around 298 to 300 where the stock has hit a high in the month of November-2016.

Broad range for the stock in the coming week can be 274 – 276 on lower side & 290 – 292 on upper side.

HDFC Bank Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for HDFC Bank for the week  (April 17, 2017 – April 21, 2017) :

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on absolutely flat note.

As we have mentioned last week that minor resistance for the stock lies in the zone of 1450 to 1455. Resistance for the stock lies in the zone of 1470 to 1480 where the stock has formed a high in the month of March-2017. If the stock manages to close above these levels then the stock can move to the levels of 1500 to 1505 where Fibonacci level is lying. During the week the stock manages to hit a high of 1450 and close the week around the levels of 1440.

Minor support for the stock lies in the zone of 1425 to 1430. Support for the stock lies in the zone of 1400 to 1410 where the stock has formed a short term bottom. If the stock manages to close below these levels then the stock can drift to the levels of 1360 to 1370 where the stock has formed a gap on gap up opening.

Minor resistance for the stock lies in the zone of 1450 to 1455. Resistance for the stock lies in the zone of 1470 to 1480 where the stock has formed a high in the month of March-2017. If the stock manages to close above these levels then the stock can move to the levels of 1500 to 1505 where Fibonacci level is lying.

Broad range for the stock in the coming week can be 1410 to 1420 on lower side & 1480 to 1490 on upper side.

Nifty Media Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for NIFTY MEDIA for the week  (April 17, 2017 – April 21, 2017) :

NIFTY MEDIA:

 

NIFTYMEDIA

 

Nifty Media index closed the week on negative note losing around 1.50%.

As we have mentioned last week that support for the index lies in the zone of 3140 to 3150 from where the index broke out of the October-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 3100 to 3110 from where the index broke out after consolidation. During the week the index manages to hit a low of 3153 and close the week around the levels of 3158.

Support for the index lies in the zone of 3140 to 3150 from where the index broke out of the October-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 3100 to 3110 from where the index broke out after consolidation.

Minor resistance for the index lies in the zone of 3180 to 3200. Resistance for the index lies in the zone of 3240 to 3260. 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 3050 to 3080 on downside & 3260 to 3280 on upside.

Nifty Realty Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for NIFTY REALTY for the week  (April 17, 2017 – April 21, 2017) :

NIFTY REALTY:

 

NIFTYREALT

 

Nifty REALTY index closed the week on positive note gaining around 1.50%.

As we have mentioned last week that minor support for the index lies in the zone of 220 to 222. Support for the index lies in the zone of 216 to 218 from where the index has broken out of the top formed in the month of August-2016 and September-2016. If the index manages to close below these levels then the index can drift to the levels of 211 to 213 from where the index has broken out after consolidation. During the week the index manages to hit a low of 222 and close the week around the levels of 228.

Minor support for the index lies in the zone of 222 to 224. Support for the index lies in the zone of 216 to 218 from where the index has broken out of the top formed in the month of August-2016 and September-2016. If the index manages to close below these levels then the index can drift to the levels of 211 to 213 from where the index has broken out after consolidation.

Resistance for the index lies in the zone of 229 to 231. If the index manages to close above these levels then the index can move to the levels of 235 where long term Fibonacci level is lying.

Broad range for the index is seen between 220 to 222 on downside & 232 to 235 on upside.

Nifty PSU Bank Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (April 17, 2017 – April 21, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 3520 to 3550. Resistance for the index lies in the zone of 3600 to 3630 where short term top has been formed. If the index manages to close above these levels then the index can move to the levels of 3750 to 3800 from where the index sold off in the month of April-2015 & August-2015. During the week the index manages to hit a high of 3593 and close the week around the levels of 3546.

Support for the index lies in the zone of 3470 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.

Resistance for the index lies in the zone of 3600 to 3630 where short term top has been formed. If the index manages to close above these levels then the index can move to the levels 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 3430 to 3460 on downside & 3630 to 3650 on upside.

Nifty Metal Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for NIFTY METAL for the week  (April 17, 2017 – April 21, 2017) :

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week that minor support for the index lies in the zone of 3060 to 3080. 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 2980 and close the week around the levels of 2986.

Support for the index lies in the zone of 2980 to 3000 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 3020 to 3040. Resistance for the index lies in the zone of 3080 to 3100 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 3150 to 3170.

Broad range for the index is seen between 2880 to 3000 on downside & 3080 to 3100 on upside.

Nifty Energy Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (April 17, 2017 – April 21, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on negative note losing around 0.30%.

As we have mentioned last week that resistance for the index lies in the zone of 12050 to 12150 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 12300 to 12400. During the week the index manages to hit a high of 12190 and close the week around the levels of 12018.

Minor support for the index lies in the zone of 11900 to 11950. Support for the index lies in the zone of 11620 to 11680 from where the index has broken out of March-2017 highs. 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 12050 to 12150 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 12300 to 12400.

Broad range for the index is seen between 11500 to 11550 on downside & 12300 to 12400 on upside.

Nifty Auto Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (April 17, 2017 – April 21, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

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

As we have mentioned last week that resistance for the index lies in the zone of 10000 to 10100 from where the index sold off in the month of November-2016 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 10060 and close the week around the levels of 9907.

Support for the index lies in the zone of 9840 to 9870 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9730 to 9780 where the index broke out after consolidation.

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 9730 to 9780 on downside & 10100 to 10150 on upside.

Nifty Pharma Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for NIFTY Pharma for the week  (April 17, 2017 – April 21, 2017) :

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on positive note gaining around 2.40%.

As we have mentioned last week that 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 10257 and close the week around the levels of 10532.

Minor support for the index lies in the zone of 10400 to 10450. Support for the index lies in the zone of 10250 to 10350 where the index has broken out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016.

Resistance for the index lies in the zone of 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 10200 to 10250 on downside & 10800 to 10850 on upside.

Nifty FMCG Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (April 17, 2017 – April 21, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG 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 23400 to 23500. Resistance for the index lies in the zone of 23750 to 23850 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. During the week the index manages to hit a high of 23795 and close the week around the levels of 23508.

Minor support for the index lies in the zone of 23250 to 23350. 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.

Resistance for the index lies in the zone of 23750 to 23850 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 24250 to 24350.

Broad range for the index in the coming week is seen from 22500 to 22600 on downside & 24200 to 24300 on upside.

Nifty IT Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for NIFTY IT for the week  (April 17, 2017 – April 21, 2017) :

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 10550 to 10600. Resistance for the index lies in the zone of 10680 to 10720 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 where long term Fibonacci levels and top for the month of March-2017 are lying. During the week the index manages to hit a high of 10543 and close the week around the levels of 10064.

Support for the index lies in the zone of 9890 to 9930 where trend-line joining lows of 9295 and 9592 is lying and long term Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 9580 to 9620 levels where the index has formed a low in the month of February-2017.

Resistance for the index lies in the zone of 10200 to 10300 where Fibonacci level is lying. If the index manages to close above these levels then the index can move to the levels of 10500 to 10550 where 200 Daily moving average and Fibonacci level is lying.

Broad range for the index in the coming week is seen from 9800 to 9850 on downside & 10300 to 10350 on upside.

Nifty Bank Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (April 17, 2017 – April 21, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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

As we have mentioned last week that 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. During the week the index manages to hit a high of 21787 and close the week around the levels of 21687.

Minor support for the index lies in the zone of 21400 to 21500. Support for the index lies in the zone of 21000 to 21100 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 21100 to 21200 on downside & 22100 to 22200 on upside.

Nifty Outlook for the Week (April 17, 2017 – April 21, 2017)

Equityandit’s Outlook for Nifty for week (April 17, 2017 – April 21, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 9220 to 9240. Resistance for the index lies in the zone of 9270 to 9300. 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 9246 and close the week around the levels of 9151.

Minor support for the index lies in the zone of 9120 to 9140. 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 9220 to 9240. Resistance for the index lies in the zone of 9270 to 9300. 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 – Thursday, April 13, 2017

Gold (29229): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28967 levels. Traders can initiate long positions on every dip until Gold Future closes below 28967 levels.

Silver (42202):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 41714 levels.

Crude (3444): 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 3400 levels.

Natural Gas (206.70): 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 211.15 levels.

Copper (363.75): 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 374.85.

Zinc (168.10): 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 170.90 levels.

Lead (145.45): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 148.10 levels.

Nickel (628.40):  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 648.70 levels.

Aluminium (122.35):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 124.90 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Thursday, April 13, 2017

equitypandit_square

Hold Short Positions Until Nifty Closes Above 9257, Infy Results Today

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that Nifty is in negative zone but BankNifty is still in positive zone. EquityPandit also predicted that traders should hold short positions until Nifty closes above 9257 and exactly same happened. Indian Stock Market moved positive but was not able to breach EquityPandit’s predicted resistance levels of 9250 and fell down from there. Nifty saw lows right near EquityPandit’s predicted support levels of 9165 like a dot. BankNifty saw sharp positive rally but was not able to breach higher levels and fell down sharply to see lows right near EquityPandit’s predicted support levels of 21540. Sensex also fell down to see lows near EquityPandit’s predicted support levels of 29540. Traders who followed EquityPandit’s suggestion to hold short positions 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 negative. Technically, analysis would remain same. Nifty is still in negative zone whereas BankNifty is in positive zone. Today, Infy would disclose its annual results and it would affect the direction of Indian Stock Market for the day. Nifty would still face strong resistance at 9257 on closing basis and until then, every positive rally would be an opportunity for traders to go short in the market. BankNifty would be consider weak once it closes below 21661 levels on spot basis but until then, it would be considered strong. Overall, market is negative backed with geopolitical tensions, so traders should hold short positions in Nifty until it closes above 9257 levels.

FIIs were net sellers of Rs.580.7 crores whereas DIIs were net buyers of Rs.701.12 crores in cash market for last trading session. Nifty would see strong support at 9200-9165-9150-9130 whereas strong resistance would be seen at 9250-9267-9280-9316 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Corporate Results Today: Bajaj Corp, Infosys and Reliance Power.

NSE Nifty: (9203) The support for the Nifty is 9200-9165-9150-9130 and the resistance to the up move is at 9250-9267-9280-9316 levels.

NSE BankNifty: (21667) The support for BankNifty is at 21616-21540-21400-21331-21250 and the resistance to the up move is at 21790-21840-21950-22060 levels.

BSE Sensex: (29643) The support for the Sensex is at 29540-29440-29300 and the resistance to the up move is at 29720-29888-29930-30025 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, April 12, 2017

Gold (29193): Gold Future has entered into positive zone and traders can hold long positions until Gold Future closes below 28723 levels. Traders can initiate long positions on every dip until Gold Future closes below 28723 levels.

Silver (42187):  Silver has entered into positive zone and traders can go long at every dip or hold long positions until Silver closes below 41206 levels.

Crude (3448): 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 3374 levels.

Natural Gas (203.90): 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 213.60 levels.

Copper (373.25): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 378.95.

Zinc (166.00): 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 170.90 levels.

Lead (145.85): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 148.40 levels.

Nickel (638.10):  Nickel has entered into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 660.90 levels.

Aluminium (123.75):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 125.40 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Wednesday, April 12, 2017

equitypandit_square

Go Long In Nifty Only If It Closes Above 9257, Geopolitical Tensions Linger

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that Nifty has entered into negative zone but BankNifty is still in positive zone. EquityPandit also predicted that market has entered into consolidation and traders can go short in Nifty at positive rally. Market managed to see sharp short covering rally backed by BankNifty. BankNifty saw new lifetime highs today. Nifty still remained below our reversal levels for the day. Traders who shorted Nifty after the positive rally would get good chance to book huge profits today. Nifty saw lows right near EquityPandit’s predicted support levels of 9165. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open flat with negative bias. Technically, Nifty is still in negative zone whereas BankNifty is in positive zone. All global markets are on edge due to geopolitical tensions between US and North Korea. Traders can still hold short positions until Nifty closes above 9257 levels. Nifty would see reversal once it closes above 9257 and would enter into positive zone. Closing above 9257 levels would take Nifty to new lifetime highs. Breaching levels of 9275 would force Nifty to see targets of 9345 in days to come. Traders should initiate long positions only if Nifty closes above 9257 levels. Reliance Jio launched new Dhan Dhana Dhan offer that would be positive for Reliance Industries. Airtel would continue to remain in pressure.

FIIs were net sellers of Rs.750.52 crores whereas DIIs were net buyers of Rs.826.66 crores in cash market for last trading session. Nifty would see strong support at 9217-9200-9165-9150-9130 whereas strong resistance would be seen at 9250-9280-9316-9345 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: (9237) The support for the Nifty is 9217-9200-9165-9150-9130 and the resistance to the up move is at 9250-9280-9316-9345 levels.

NSE BankNifty: (21736) The support for BankNifty is at 21616-21540-21400-21331-21250-21145 and the resistance to the up move is at 21840-21950-22060 levels.

BSE Sensex: (29788) The support for the Sensex is at 29720-29665-29540-29440 and the resistance to the up move is at 29888-29930-30025 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, April 11, 2017

Gold (28739): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28955 levels. Traders can initiate short positions on every rise until Gold Future closes above 28955 levels.

Silver (41366):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 41765 levels.

Crude (3424): 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 3338 levels.

Natural Gas (209.40): 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 208.10 levels. Traders can go short if Natural Gas Future closes below 208.10 levels.

Copper (372.55): 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 380.40.

Zinc (168.40): 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 174.70 levels.

Lead (145.20): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 148.70 levels.

Nickel (652.00):  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 649.20 levels.

Aluminium (123.75):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 126.40 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Tuesday, April 11, 2017

equitypandit_square

Market In Consolidation, Go Short In Nifty At Every Rally With Stoploss At 9257

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. EquityPandit predicted that market would see some bounce back from EquityPandit’s predicted support levels and once the bounce back is seen, traders can go short in Nifty with strict stoploss above 9255 levels and exactly same happened. Indian Stock Market saw bounce back but saw strong resistance at EquityPandit’s predicted resistance levels of 9222 for Nifty. Traders, who followed EquityPandit’s advice to go short at those levels might have earned whopping profits for the day. BankNifty also saw highs right near EquityPandit’s predicted resistance levels of 21547 and lows right at EquityPandit’s predicted support levels of 21400 like a dot. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open flat. Technically, Nifty has entered into negative zone whereas BankNifty is still in positive zone. BankNifty would enter into negative zone once it closes below 21381 levels. Until then market has entered into consolidation and would continue to move in a range. Traders can go long in Nifty only if it closes above 9257 levels and until then every positive rally would be an opportunity for traders to go short in Nifty. Whereas if BankNifty managed to close below 21381 levels, then market would see sharp breakdown and we may see levels of 9000 in days to come.

FIIs were net sellers of Rs.716.19 crores whereas DIIs were net buyers of Rs.201.69 crores in cash market for last trading session. Nifty would see strong support at 9165-9150-9130-9109 whereas strong resistance would be seen at 9200-9222-9250-9280 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: (9181) The support for the Nifty is 9165-9150-9130-9109 and the resistance to the up move is at 9200-9222-9250-9280 levels.

NSE BankNifty: (21520) The support for BankNifty is at 21400-21331-21250-21145 and the resistance to the up move is at 21547-21616-21700-21840 levels.

BSE Sensex: (29576) The support for the Sensex is at 29540-29440-29300 and the resistance to the up move is at 29665-29770-29888-29930 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, April 10, 2017

Gold (28684): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28967 levels. Traders can initiate short positions on every rise until Gold Future closes above 28967 levels.

Silver (41379):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 42307 levels.

Crude (3359): 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 3300 levels.

Natural Gas (210.00): 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 208.10 levels. Traders can go short if Natural Gas Future closes below 208.10 levels.

Copper (376.05): 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 375.60.

Zinc (171.95): 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 177.65 levels.

Lead (145.15): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 149.60 levels.

Nickel (656.80):  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 649.20 levels.

Aluminium (125.75):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 126.65 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Monday, April 10, 2017

equitypandit_square

Initiate Short If Nifty Closes Below 9186, Strong Resistance At 9250

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that market would see correction but strong support would be seen at 9186 levels for Nifty and exactly same happened. Indian Stock Market moved sharply negative and saw lows right at EquityPandit’s predicted support levels of 9186 for Nifty. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap negative for the day. Sensex also closed right above EquityPandit’s predicted support of 29700 levels.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone and are just near its major support levels. We can see some bounce back from support levels but now 9250 would act as strong resistance for Nifty. Closing below 9186 levels for Nifty would force market to see sharp downfall. Though market is in positive zone but sentiments are weak and bears may hold the grip if Nifty is not able to breach levels of 9250 in the positive direction. Once the bounceback is seen, traders can go short with stoploss of 9255 levels for handsome profits. Nifty would resume its strength if it managed to trade above 9250 levels. Take short positions home, only if Nifty closes below 9186 levels.

FIIs were net sellers of Rs.262.37 crores whereas DIIs were net buyers of Rs.414.94 crores in cash market for last trading session. Nifty would see strong support at 9185-9150-9130 whereas strong resistance would be seen at 9222-9250-9280-9305 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: (9198) The support for the Nifty is 9185-9150-9130 and the resistance to the up move is at 9222-9250-9280-9305 levels.

NSE BankNifty: (21431) The support for BankNifty is at 21400-21331-21250-21145 and the resistance to the up move is at 21547-21616-21700-21840 levels.

BSE Sensex: (29707) The support for the Sensex is at 29620-29540-29440 and the resistance to the up move is at 29888-29930-30025-30060 levels.

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Natural Gas Outlook for the Week (April 10, 2017 – April 14, 2017)

EquityPandit’s Outlook for Natural Gas for the week  (April 10, 2017 – April 14, 2017) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS (210.00) closed the week on a positive note gaining around 2.00%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 207 to 208. Resistance for the commodity lies in the zone of 210 to 212 where medium term moving averages and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 215 to 217 where long term Fibonacci level is lying. During the week the commodity manages to hit a high of 218 and close the week around the levels of 210.

Minor support for the commodity lies in the zone of 206 to 208. Support for the commodity lies in the zone of 201 to 203 where Fibonacci level and 200 Daily SMA is lying. 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 215 to 217 where long term Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 221 to 223 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 198 – 200 on downside & 220 – 222 on upside.

Crude Oil Outlook for the Week (April 10, 2017 – April 14, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (April 10, 2017 – April 14, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3359) closed the week on a positive note gaining around 2.30%.

As we have mentioned last week that minor support for the commodity lies in the zone of 3240 to 3260. Support for the commodity lies in the zone of 3200 to 3220 where Fibonacci level and break out levels are lying. If the commodity manage to close below these levels then the commodity can drift to the levels of 3160 to 3180 from where the commodity broke out after consolidation. During the week the commodity manages to hit a low of 3268 and close the week around the levels of 3359.

Minor support for the commodity lies in the zone of 3300 to 3330. Support for the commodity lies in the zone of 3230 to 3270 where Fibonacci level and 200 Daily MA are lying. If the commodity manage to close below these levels then the commodity can drift to the levels of 3160 to 3180 from where the commodity broke out after consolidation.

Resistance for the commodity lies in the zone of 3400 to 3430 where short term moving average and Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3470 to 3500.

Broad range for the commodity in the coming week can be seen between 3230 – 3250 on downside & 3430 – 3470 on upside.

Aluminium Outlook for the Week (April 10, 2017 – April 14, 2017)

EquityPandit’s Outlook for Aluminium for the week  (April 10, 2017 – April 14, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (125.75) closed the week on negative note losing around 0.40%.

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, 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 123.90 and close the week around the levels of 125.75.

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 123.50 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 126.50 to 127. Resistance for the commodity lies in the zone of 128. 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 (April 10, 2017 – April 14, 2017)

EquityPandit’s Outlook for Nickel for the week  (April 10, 2017 – April 14, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (656.80) closed the week on positive note gaining around 2.60%.

As we have mentioned last week that 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. During the week the commodity manages to hit a high of 673 and close the week around the levels of 657.

Minor support for the commodity lies in the zone of 648 to 652. 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 drift to the levels of 625 to 627 where the commodity has formed a low in the month of March-2017.

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 620 – 625 on downside & 680 – 690 on upside.

Lead Outlook for the Week (April 10, 2017 – April 14, 2017)

EquityPandit’s Outlook for Lead for the week  (April 10, 2017 – April 14, 2017) :

LEAD:

 

LEAD 1

 

LEAD (145.15) closed the week on negative note losing around 3.00%.

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 152 and close the week around the levels of 145.

Support for the commodity lies in the zone of 142 to 144 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 140 to 141 where 200 Daily MA is lying.

Resistance for the commodity lies in the zone of 147 to 149 from where the commodity broke down after consolidation and Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 152 to 154 where short & medium term moving averages and Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 139 – 141 on downside and 150 – 152 on upside.

Zinc Outlook for the Week (April 10, 2017 – April 14, 2017)

EquityPandit’s Outlook for Zinc for the week  (April 10, 2017 – April 14, 2017) :

ZINC:

 

ZINC 1

 

ZINC (171.95) closed the week on a negative note losing around 4.70%..

As we have mentioned last week that support for the commodity lies in the zone of 176 to 178 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 168 to 170 where 200 Daily SMA is lying. During the week the commodity manages to hit a low of 171 and close the week around the levels of 172.

Support for the commodity lies in the zone of 168 to 170 where 200 Daily MA is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 164 to 166 where Fibonacci level and low for the month of December-2016 is lying.

Minor resistance for the commodity lies in the zone of 175 to 176. Resistance for the commodity lies in the zone of 179 to 180 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 184 to 186 where short & medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 163 – 165 on downside & 178 – 180 on upside.

Copper Outlook for the Week (April 10, 2017 – April 14, 2017)

EquityPandit’s Outlook for Copper for the week  (April 10, 2017 – April 14, 2017) :

COPPER:

 

COPPER 1

 

COPPER (376.05) closed the week on negative note losing around 1.20%.

As we have mentioned last week that 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. Below these levels the commodity can drift to the levels of 370 to 372 where long term Fibonacci level is lying. During the week the commodity manages to hit a low of 371 and close the week around the levels of 376.

Support for the commodity lies in the zone of 375 to 376 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 370 to 372 where long term Fibonacci level is lying. Below these levels the commodity can drift to the levels of 362 to 364 where the commodity has taken support in the month of November-2016 and December-2016.

Minor resistance for the commodity lies in the zone of 379 to 381. 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 362 – 364 on downside & 383 – 385 on upside.

Silver Outlook for the Week (April 10, 2017 – April 14, 2017)

EquityPandit’s Outlook for Silver for the week  (April 10, 2017 – April 14, 2017) :

SILVER:

 

SILVER 1

 

SILVER (41379) closed the week on negative note losing around 2.20%.

As we have mentioned last week that minor support for the commodity lies in the zone of around 41800 to 41900. Support for the commodity lies in the zone of 41500 to 41600 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels of 41000 to 41200 from where the commodity broke out after consolidation. During the week the commodity manages to hit a low of 41128 and close the week around the levels of 41379.

Support for the commodity lies in the zone of 41000 to 41200 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 40700 to 40800 where Fibonacci level is lying.

Minor resistance for the commodity lies in the zone of 41500 to 41600. 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 40500 – 40600 on downside & 42000 – 42100 on upside.

Gold Outlook for the Week (April 10, 2017 – April 14, 2017)

EquityPandit’s Outlook for Gold for the week  (April 10, 2017 – April 14, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28684) closed the week on positive note gaining around 0.80%.

As we have mentioned last week that 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. During the week the commodity manages to hit a low of 28404 and close the week around the levels of 28684.

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 28200 – 28300 on downside & 29000 – 29100 on upside.

Colgate Palmolive Outlook for the Week (April 10, 2017 – April 13, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week  (April 10, 2017 – April 13, 2017) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on positive note gaining around 1.60%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 1028 and close the week around the levels of 1011.

Minor support for the stock lies in the zone of 995 to 1000. Support for the stock lies in the zone of 975 to 980 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..

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. If the stock manages to close above these levels then the stock can move to the levels of 1090 to 1100 where the stock has formed a life time high in the month of April-2015.

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

Dabur Outlook for the Week (April 10, 2017 – April 13, 2017)

EquityPandit’s Outlook for DABUR for the week  (April 10, 2017 – April 13, 2017) :

DABUR:

 

DABUR

 

Dabur 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 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 285 and close the week around the levels of 282.

Minor support for the stock lies in the zone of 276 to 278. 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 271 to 273 on downside & 288 to 290 on upside.

Hindustan Unilever Outlook for the Week (April 10, 2017 – April 13, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week  (April 10, 2017 – April 13, 2017) :

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on positive note gaining around 1.40%.

As we have mentioned last week that minor support for the stock lies in the zone of 900 to 905. 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 904 and close the week around the levels of 924.

Minor support for the stock lies in the zone of 905 to 915. 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.

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 890 to 900 on downside & 950 to 960 on upside.

ITC Outlook for the Week (April 10, 2017 – April 13, 2017)

EquityPandit’s Outlook for ITC for the week  (April 10, 2017 – April 13, 2017) :

ITC:

 

ITC

 

ITC closed the week on negative note losing around 2.70%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 271 and close the week around the levels of 273.

Support for the stock lies in the zone of 270 to 272 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 266 to 268 from where the stock has broken out of September-2017 highs.

Minor resistance for the stock lies in the zone of 275 to 277. 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 265 to 267 on downside & 280 to 282 on upside.

Cipla Outlook for the Week (April 10, 2017 – April 13, 2017)

EquityPandit’s Outlook for Cipla for the week  (April 10, 2017 – April 13, 2017) :

CIPLA:

 

CIPLA

 

CIPLA 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 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. During the week the stock manages to hit a low of 585 and close the week around the levels of 590.

Minor support for the stock lies in the zone of 585 to 587. Support for the stock lies in the zone of 575 to 580 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 594 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 & 615 – 620 on upside.

Dr. Reddy Outlook for the Week (April 10, 2017 – April 13, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (April 10, 2017 – April 13, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy 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 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. During the week the stock manages to hit a high of 2770 and close the week around the levels of 2661.

Minor support for the stock lies in the zone of 2600 to 2640. 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 & 2750 – 2770 on upside.

Lupin Outlook for the Week (April 10, 2017 – April 13, 2017)

EquityPandit’s Outlook for Lupin for the week  (April 10, 2017 – April 13, 2017) :

LUPIN:

 

LUPIN

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 1460 to 1465. 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. During the week the stock manages to hit a high of 1457 and close the week around the levels of 1410.

Support for the stock lies in the zone of 1380 to 1400 where the stock has made a bottom in the month of June – 2016, November – 2016 & December – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 1280 to 1300 where the stock has taken support on 29/03/2017.

Resistance for the stock lies in the zone of 1430 to 1440 from where the stock has broken down on weekly basis after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 1480 to 1500 where Fibonacci level is lying and medium term moving averages are lying.

Broad range for the stock is seen from 1300 – 1310 on downside & 1480 – 1490 on upside.

Sun Pharma Outlook for the Week (April 10, 2017 – April 13, 2017)

EquityPandit’s Outlook for Sun Pharma for the week  (April 10, 2017 – April 13, 2017) :

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on negative note losing around 3.20%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 695 to 700. 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. During the week the stock manages to hit a high of 697 and close the week around the levels of 666.

Support for the stock lies in the zone of 665 to 670 where medium 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 645 to 650 where Fibonacci level is lying.

Minor resistance for the stock lies in the zone of 670 to 675. Resistance for the stock lies in the zone of 682 to 685 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 700 to 710 where 200 Daily MA is lying.

Broad range for the stock in the coming week can be 640 – 645 on lower side & 685 – 690 on upper side.

Wipro Outlook for the Week (April 10, 2017 – April 13, 2017)

EquityPandit’s Outlook for Wipro for the week  (April 10, 2017 – April 13, 2017) :

WIPRO:

 

WIPRO

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 516 and close the week around the levels of 512.

Minor support for the stock lies in the zone of 504 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 512 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 495 to 500 on downside & 525 to 530 on upside.

HCL Tech Outlook for the Week (April 10, 2017 – April 13, 2017)

EquityPandit’s Outlook for HCL Tech for the week  (April 10, 2017 – April 13, 2017) :

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on negative note losing around 2.90%.

As we have mentioned last week that the 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. During the week the stock manages to hit a low of 846 and close the week around the levels of 849.

Support for the stock lies in the zone of 835 to 840 where the stock has taken multiple support in the month of March-2017. If the stock manages to close below these levels then the stock can drift to the levels of 800 to 810 where Fibonacci levels and 200 MA is lying.

Resistance for the stock lies in the zone of 860 to 870. If the stock manages to close above these levels then the stock can move to the levels 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 810 to 820 on downside & 870 to 880 on upside.

TCS Outlook for the Week (April 10, 2017 – April 13, 2017)

EquityPandit’s Outlook for TCS for the week  (April 10, 2017 – April 13, 2017)  :

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on absolutely flat note.

As we have mentioned last week that support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 2392 and close the week around the levels of 2429.

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 (April 10, 2017 – April 13, 2017)

EquityPandit’s Outlook for Infosys for the week  (April 10, 2017 – April 13, 2017) :

INFOSYS:

 

INFY

 

INFY closed the week on negative note losing around 4.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 1030 to 1040 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. During the week the stock manages to hit a high of 1032 and close the week around the levels of 982.

Support for the stock lies in the zone of 970 to 980 where Fibonacci levels is 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. Below these levels the stock can drift to the levels of 900 to 910 where the stock has formed a bottom in the month of November-2016 and January-2017.

Resistance for the stock lies in the zone of 1000 to 1010 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 1030 to 1040 highs for the month of January-2017, March-2017 and 200 Daily MA is lying.

The company is going to announce its quarterly and yearly results on 13/04/2017 so high degree of volatility can be expected.

Broad range for the stock in the coming week is seen between 900 to 910 on downside & 1050 to 1060 on upside.

SBI Outlook for the Week (April 10, 2017 – April 13, 2017)

EquityPandit’s Outlook for SBI for the week  (April 10, 2017 – April 13, 2017) :

STATE BANK OF INDIA:

 

SBIN

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 289 to 291. Support for the stock lies in the zone of 283 to 285 from where the stock broke out of February-2017 highs. If the stock manages to close below these levels then the stock can drift to the levels of 279 to 280. During the week the stock manages to hit a low of 288 and close the week around the levels of 289.

Minor support for the stock lies in the zone of 289 to 291. Support for the stock lies in the zone of 283 to 285 from where the stock broke out of February-2017 highs. If the stock manages to close below these levels then the stock can drift to the levels of 279 to 280.

Minor resistance for the index lies in the zone of 292 to 294. Resistance for the stock lies in the zone of 300 to 305 from where the stock sold off in the month of May-2015. If the stock manages to close above these levels then the stock can move to the levels of around 325 to 330 where trend-line joining highs of 352 and 336 is lying.

Broad range for the stock in the coming week can be 280 to 282 on lower side to 300 to 303 on upper side.

Axis Bank Outlook for the Week (April 10, 2017 – April 13, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (April 10, 2017 – April 13, 2017) :

AXIS BANK:

 

AXISBANK

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a high of 518 and close the week around the levels of 504.

Minor support for the stock lies in the zone of 497 to 499. 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 480 – 485 on lower side & 520 – 525 on upper side.

ICICI Bank Outlook for the Week (April 10, 2017 – April 13, 2017)

EquityPandit’s Outlook for ICICI Bank for the week  (April 10, 2017 – April 13, 2017) :

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on absolutely flat note.

As we have mentioned last week that support for the stock lies in the zone of 274 to 275 where Neck