MCX Tips for – wednesday, May 31, 2017

Gold (28741): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28597 levels. Traders can initiate long positions on every dip until Gold Future closes below 28624 levels.

Silver (40282):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 39745  levels.

Crude (3203): Crude has entered into positive zone. Traders should initiate long positions on every dip. For now traders can hold long position until Crude future closes below 3145 levels.

Natural Gas (204.10): NG Future has entered into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG Future closes above 212.60 levels.

Copper (367.15): 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 366.35.

Zinc (168.90): 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 167.75 levels.

Lead (134.25): 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 136.20 levels.

Nickel (586.80):  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 593.13 levels.

Aluminium (124.30):  Aluminium has entered into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes below 126.30 levels.

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

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

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Share Market Tips for – Wednesday, May 31, 2017

equitypandit_square

Market Still In Consolidation And Ready To See A Big Move

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative for the day. EquityPandit predicted that market would enter into consolidation phase soon and may see some correction. Market saw correction and finally recovered sharply to close positive for the day. Nifty saw highs right at EquityPandit’s predicted resistance levels of 9635 like a dot. Sensex and BankNifty closed right at EquityPandit’s predicted resistance levels of 31168 and 23305 respectively.

Today: Indian Stock Market would open positive. Technically, analysis would remain same and Indian Stock Market is still in positive zone. Market would continue to remain strong until Nifty holds 9580 levels. Traders can continue to hold long positions in the market as of now. If Nifty breaches levels of 9635 with volumes then next target would be 9660-9705. Now a big movement is on the cards and traders can hold long positions or buy at dips until Nifty holds 9580 levels on closing basis. Immediate support for Nifty would be seen at 9580-9540 levels and reversal would be seen only if Nifty closes below 9511 levels. For now, market is consolidating and ready to see a big movement in days to come.

Also Check 3 Stocks to watch Today

FIIs were net sellers of Rs.217.10 crores whereas DIIs were net buyers of Rs.366.97 crores in cash market for last trading session. Nifty would see strong support at 9580-9538-9470-9450 whereas strong resistance would be seen at 9635-9660-9705 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

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Important Corporate Results Today: Castrol India.

NSE Nifty: (9625) The support for the Nifty is 9580-9538-9470-9450 and the resistance to the up move is at 9635-9660-9705 levels.

NSE BankNifty: (23307) The support for BankNifty is at 23180-23140-23060-22940 and the resistance to the up move is at 23340-23410-23540-23660 levels.

BSE Sensex: (31159) The support for the Sensex is at 31060-30940-30865-30715 and the resistance to the up move is at 31220-31272-31380 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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3 Stocks to watch on May 31, 2017

Watch out for the following 3 stocks on May 31, 2017.

1. HIMATSEIDE (CMP: 337.40)
Daily Recommendation: SELL on rise
Support Levels: 333, 326.60
Resistance Levels: 342.80, 348.70

2. KOLTEPATIL (CMP: 178.40)
Daily Recommendation: BUY on dips
Support Levels: 175.30, 172.30
Resistance Levels: 182.50, 187

3. INDIACEM (CMP: 205)
Daily Recommendation: BUY on dips
Support Levels: 202, 199.50
Resistance Levels: 207.10, 212.30

Disclaimer:
The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from Technical analysis software deemed to be reliable but is not guaranteed as to accuracy and completeness. It is advisable to consult the appropriate experts before using the recommendations. Equitypandit should not be hold liable for any consequences. The information mentioned are for study purpose.

MCX Tips for – Tuesday, May 30, 2017

Gold (28900): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28597 levels. Traders can initiate long positions on every dip until Gold Future closes below 28624 levels.

Silver (40337):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 39745  levels.

Crude (3259): Crude has entered into positive zone. Traders should initiate long positions on every dip. For now traders can hold long position until Crude future closes below 3145 levels.

Natural Gas (206.70): 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 206.20 levels.

Copper (367.60): 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 366.35.

Zinc (170.25): 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 167.75 levels.

Lead (136.05): 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 136.20 levels.

Nickel (584.70):  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 593.13 levels.

Aluminium (125.95):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 125.00 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, May 30, 2017

equitypandit_square

BankNifty Entered Consolidation, Further Correction Below 23140

 

Last Trading Session: Indian Stock Market Opened flat with negative bias for the day. EquityPandit predicted that market would see some consolidation. EquityPandit also predicted that next target for Nifty is 9635 levels from where it would see some correction and exactly same happened. Indian Stock Market opened negative and saw lows right at EquityPandit’s predicted support levels of 9538 for Nifty and 30865 levels for Sensex like a dot. Market moved sharply higher from there and saw highs right at EquityPandit’s predicted Targets of 9635 levels like a dot. Indian Stock Market corrected from those levels as per EquityPandit’s predictions. Finally, Indian Stock Market closed positive for the day. BankNifty remained under pressure and closed right above EquityPandit’s predicted support levels of 23170. Nifty closed right at EquityPandit’s predicted resistance levels of 9605 like a dot.

Today: Indian Stock Market would open negative. Technically, analysis would remain same and Indian Stock Market is still in positive zone. Momentum of the trend is maturing and we may soon enter into a short term consolidation/correction phase. BankNifty has developed a BEARISH HARAMI candlestick pattern with stochastic in overbought region and this suggest that BankNifty can see further downfall if it breaches 23140 levels. Traders can consider booking profits at this point of time and wait for some consolidation/correction for further entry in BankNifty. Overall, market is expected to see some consolidation for upcoming days. Traders can again go long in Market near EquityPandit’s predicted support levels.

Also Check 3 Stocks to watch Today

FIIs were net sellers of Rs.709.97 crores whereas DIIs were net buyers of Rs.290.53 crores in cash market for last trading session. Nifty would see strong support at 9538-9470-9450-9420 whereas strong resistance would be seen at 9635-9660-9705 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

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Important Corporate Results Today: Apollo Hospitals, BEML, Berger Paints, BBTC, eClerx, EIH, Finolex Cables, Fortis Healthcare, Godfrey Phillips, Hathway Cable, HCL Infosystems, Hindalco, HDIL, Jai Corp, JBF Industries, Jet Airways, MTNL, Mcleod Russel, Natco Pharma, NHPC, Presige Estates, Ramco Systems, Rural Electrification Corporation, Schneider Electric, SAIL, Ramco Cements, Thermax, TTK Prestige, Uflex, Unichem Laboratories and United Spirits.

NSE Nifty: (9605) The support for the Nifty is 9538-9470-9450-9420 and the resistance to the up move is at 9635-9660-9705 levels.

NSE BankNifty: (23183) The support for BankNifty is at 23140-23060-22940 and the resistance to the up move is at 23305-23410-23540-23660 levels.

BSE Sensex: (31109) The support for the Sensex is at 30940-30865-30715 and the resistance to the up move is at 31168-31272-31380 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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3 Stocks to watch on May 30, 2017

Watch out for the following 3 stocks on May 30, 2017.

1. GAYAPROJ (CMP: 151.70)
Daily Recommendation: SELL on rise
Support Levels: 149.50, 144.60
Resistance Levels: 154, 158

2. SUVEN (CMP: 187.10)
Daily Recommendation: BUY on dips
Support Levels: 184, 182.20
Resistance Levels: 190, 193

3. JUBILANT (CMP: 688.55)
Daily Recommendation: SELL on rise
Support Levels: 680, 666
Resistance Levels: 695, 710

Disclaimer:
The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from Technical analysis software deemed to be reliable but is not guaranteed as to accuracy and completeness. It is advisable to consult the appropriate experts before using the recommendations. Equitypandit should not be hold liable for any consequences. The information mentioned are for study purpose.

MCX Tips for – Monday, May 29, 2017

Gold (28888): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28597 levels. Traders can initiate long positions on every dip until Gold Future closes below 28544 levels.

Silver (40091):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 39507  levels.

Crude (3213): 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 3255 levels.

Natural Gas (214.20): 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 206.20 levels.

Copper (367.40): 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 366.35.

Zinc (170.25): 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 167.75 levels.

Lead (136.05): 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 136.20 levels.

Nickel (584.80):  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 593.75 levels.

Aluminium (125.90):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 125.00 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, May 29, 2017

equitypandit_square

Market Strong But Would Consolidate For Now, L&T And BHEL Results Today

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened negative for the day. EquityPandit predicted Indian Stock Market is in positive trend and traders should go long at every dip in the market. Indian Stock Market saw some small correction after opening but then continued its journey towards north. Market moved sharply positive and saw highs right near EquityPandit’s predicted resistance levels of 9600 levels for Nifty, 31060 levels for Sensex and 23400 levels for BankNifty like a dot. Traders, who followed EquityPandit’s advice to go long at dips might have earned huge profits for the day. Finally, Indian Stock Market closed positive but right below EquityPandit’s predicted resistance levels for Nifty, BankNifty and Sensex.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone. Market has seen a strong bull move and would continue to move higher in days to come. Market has already achieved EquityPandit’s targets of 9600 levels for Nifty and 23400 levels for BankNifty. Market can now enter into consolidation phase but overall direction would be positive and Nifty moving above 9605 would take it to next target of 9635-9660 levels where we may see some correction in the trend. Nifty possess immediate support at 9538-9490-9400 levels. Market is in bull move and we would keep on seeing small correction after every big move but the direction would remain positive for now. L&T, BHEL, BPCL, Aurobindo Pharma and PFC to disclose their results today.

Also Check 3 Stocks to watch Today

FIIs were net sellers of Rs.274.14 crores whereas DIIs were net buyers of Rs.1008.56 crores in cash market for last trading session. Nifty would see strong support at 9538-9470-9450-9420 whereas strong resistance would be seen at 9605-9635-9660-9705 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: Aban Offshore, Aurobindo Pharma, Bajaj Electricals, Bharat Electronics Ltd, BHEL, BPCL, City Union Bank, Escorts Ltd, GE Power, GSFC, Info Edge, Jagran Prakashan, JaiPrakash Associates, Jubilant Foodworks, KRBL, L&T, Manpasand Beverages, MMTC, NHPC, Oil India, PFC, Power Grid and Sonata Software.

NSE Nifty: (9595) The support for the Nifty is 9538-9470-9450-9420 and the resistance to the up move is at 9605-9635-9660-9705 levels.

NSE BankNifty: (23362) The support for BankNifty is at 23300-23250-23211-23170-23060 and the resistance to the up move is at 23410-23540-23660-23745 levels.

BSE Sensex: (31028) The support for the Sensex is at 30940-30865-30715 and the resistance to the up move is at 31075-31168-31272-31380 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

3 Stocks to watch on May 29, 2017

Watch out for the following 3 stocks on May 29, 2017.

1. IGL (CMP: 1026)
Daily Recommendation: BUY on dips
Support Levels: 1014.70, 1005.20
Resistance Levels: 1044, 1060

2. RCF (CMP: 86.45)
Daily Recommendation: BUY on dips
Support Levels: 85.15, 83.80
Resistance Levels: 87.80, 89.10

3. PARAGMILK (CMP: 248)
Daily Recommendation: BUY on dips
Support Levels: 245.10, 243.30
Resistance Levels: 250, 252

Disclaimer:
The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from Technical analysis software deemed to be reliable but is not guaranteed as to accuracy and completeness. It is advisable to consult the appropriate experts before using the recommendations. Equitypandit should not be hold liable for any consequences. The information mentioned are for study purpose.

Natural Gas Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Natural Gas for the week  (May 29, 2017 – June 02, 2017) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS (214.20) closed the week on positive note gaining around 1.70%.

As we have mentioned last week that minor support for the commodity lies in the zone of 207 to 208. Support for the commodity lies in the zone of 203 to 205 where Fibonacci level 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 198 to 200. During the week the commodity manages to hit a low of 203 and close the week around the levels of 214.

Minor support for the commodity lies in the zone of 209 to 211. Support for the commodity lies in the zone of 203 to 205 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 198 to 200.

Minor resistance for the commodity lies in the zone of 213 to 215. Resistance for the commodity lies in the zone of 221 to 223 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 226 to 228 from where the commodity broke down on weekly basis.

Broad range for the commodity in the coming week can be seen between 203 – 205 on downside & 224 – 226 on upside.

Crude Oil Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (May 29, 2017 – June 02, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3213) closed the week on negative note losing around 1.80%.

As we have mentioned last week that resistance for the commodity lies in the zone of 3300 to 3330 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 3400 to 3430 where medium term moving averages and Fibonacci levels are lying. During the week the commodity manages to hit a high of 3370 and close the week around the levels of 3213.

Minor support for the commodity lies in the zone of 3150 to 3170. Support for the commodity lies in the zone of 3080 to 3100 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3000 to 3030.

Resistance for the commodity lies in the zone of 3230 to 3250 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3300 to 3330 where Fibonacci levels and 200 Daily moving averages are lying.

Broad range for the commodity in the coming week can be seen between 3100 – 3130 on downside & 3300 – 3330 on upside.

Aluminium Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Aluminium for the week  (May 29, 2017 – June 02, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (125.90) closed the week on positive note gaining around 0.40%.

As we have mentioned last week that resistance for the commodity lies in the zone of 126.50 to 127 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 129 to 130 where the commodity has formed a top in the month of March-2017. During the week the commodity manages to hit a high of 126.90 and close the week around the levels of 125.90.

Minor support for the commodity lies in the zone of 125 to 125.30. Support for the commodity lies in the zone of around 124 to 124.50 from where the commodity broke out of declining trend-line resistance. If the commodity manages to close below these levels then the commodity can drift to the levels of 123 to 123.50 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 126.50 to 127 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 129 to 130 where the commodity has formed a top in the month of March-2017.

Broad range for the commodity in the coming week can be seen between 123 – 124 on downside and 127 – 128 on upside.

Nickel Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Nickel for the week  (May 29, 2017 – June 02, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (584.80) closed the week on negative note losing around 2.90%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 610 to 615. Resistance for the commodity lies in the zone of 625 to 635 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 medium term moving averages are lying. During the week the commodity manages to hit a high of 609 and close the week around the levels of 585.

Support for the commodity lies in the zone of 575 to 580 where the commodity has formed a short term bottom. If the commodity manages to close below these levels then the commodity can drift to the levels of around 540 to 550 where long term trend-line support for the commodity is lying.

Minor resistance for the commodity lies in the zone of 592 to 595. Resistance for the commodity lies in the zone of 608 to 610 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 625 to 635 from where the commodity broke down on weekly charts.

Broad range for the commodity in the coming week can be seen between 565 – 570 on downside & 610 – 615 on upside.

Lead Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Lead for the week  (May 29, 2017 – June 02, 2017) :

LEAD:

 

LEAD 1

 

LEAD (136.05) closed the week on positive note gaining around 0.30%.

As we have mentioned last week that minor support for the commodity lies in the zone of 134 to 135. Support for the commodity lies in the zone of 130 to 132 where long term Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 126 to 128. During the week the commodity manages to hit a low of 133 and close the week around the levels of 136.

Minor support for the commodity lies in the zone of 134 to 135. Support for the commodity lies in the zone of 130 to 132 where long term Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 126 to 128.

Resistance for the commodity lies in the zone of 139 to 140 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 142 to 144 where Fibonacci level and 200 Daily moving averages are lying.

Broad range for the commodity in the coming week can be seen between 130 – 131 on downside & 141 – 142 on upside.

Zinc Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Zinc for the week  (May 29, 2017 – June 02, 2017) :

ZINC:

 

ZINC 1

 

ZINC (170.25) closed the week on a positive note gaining around 0.30%.

As we have mentioned last week that resistance for the commodity lies in the zone of 171 to 173 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. During the week the commodity manages to hit a high of 172 and close the week around the levels of 170.

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 171 to 173 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 160 – 162 on downside & 178 – 180 on upside.

Copper Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Copper for the week  (May 29, 2017 – June 02, 2017) :

COPPER:

 

COPPER 1

 

COPPER (367.40) 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 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. During the week the commodity manages to hit a high of 374 and close the week around the levels of 367.

Minor support for the commodity lies in the zone of 365 to 366. Support for the commodity lies in the zone of 361 to 363 where Fibonacci level 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 351 where long term 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 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Silver for the week  (May 29, 2017 – June 02, 2017) :

SILVER:

 

SILVER 1

 

SILVER (40091) 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 39000 to 39300 from where the commodity broke down. If the commodity manages to close above these levels then the commodity can move to the levels of 39800 to 40000 from where the commodity broke down from major support. During the week the commodity manages to hit a high of 40195 and close the week around the levels of 40091.

Minor support for the commodity lies in the zone of 39700 to 39900. Support for the commodity lies in the zone of 39300 to 39500 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels of 38800 to 39000.

Resistance for the commodity lies in the zone of 40500 to 40700 where Fibonacci levels 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 41100 to 41300 where medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 39100 – 39200 on downside & 41000 – 41200 on upside.

Gold Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Gold for the week  (May 29, 2017 – June 02, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28888) closed the week on positive note gaining around 0.90%.

As we have mentioned last week that resistance for the commodity lies in the zone of 28700 to 28800 where 200 daily moving average is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29000 to 29100 where Fibonacci levels and medium term moving averages are lying. During the week the commodity manages to hit a high of 28926 and close the week around the levels of 28888.

Support for the commodity lies in the zone of 28600 to 28700. Support for the commodity lies in the zone of 28200 to 28300 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017.

Resistance for the commodity lies in the zone of 29000 to 29100 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 29500 to 29600 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 28500 – 28600 on downside & 29100 – 29200 on upside.

Colgate Palmolive Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week  (May 29, 2017 – June 02, 2017) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on negative note losing around 1.60%.

As we have mentioned last week that minor support for the stock lies in the zone of 1000 to 1005. 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 975 and close the week around the levels of 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.

Minor resistance for the stock lies in the zone of 1015 to 1020. Resistance for the stock lies in the zone of 1045 to 1055 where the stock has formed a short term top. 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 960 to 970 on downside & 1030 to 1040 on upside.

Dabur Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for DABUR for the week  (May 29, 2017 – June 02, 2017) :

DABUR:

 

DABUR

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 273 to 276. Support for the stock lies in the zone of 267 to 269 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 262 where the stock has formed a bottom in the month of December-2016 and February-2017. During the week the stock manages to hit a low of 265 and close the week around the levels of 270.

Support for the stock lies in the zone of 267 to 269 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 262 where the stock has formed a bottom in the month of December-2016 and February-2017.

Minor resistance for the stock lies in the zone of 272 to 273. Resistance for the stock lies in the zone of 276 to 278 where Fibonacci levels 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 283 to 286 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be seen between 262 to 265 on downside & 280 to 282 on upside.

Hindustan Unilever Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week  (May 29, 2017 – June 02, 2017) :

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever 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 1010 to 1015 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. During the week the stock manages to hit a high of 1050 and close the week around the levels of 1041.

Minor support for the stock lies in the zone of 1030 to 1035. Support for the stock lies in the zone of 1010 to 1020 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 990 to 1000.

Resistance for the stock lies in the zone of 1055 to 1060. If the stock manages to close above these levels then the stock can move to the levels of 1090 to 1100.

Broad range for the stock in coming week is seen between 1000 to 1010 on downside & 1090 to 1100 on upside.

ITC Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for ITC for the week  (May 29, 2017 – June 02, 2017) :

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 8.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 293 to 295 where life time highs for the stock is lying. If the stock manages to close above these levels then the stock can move to the levels of 300 to 302. During the week the stock manages to hit a high of 314 and close the week around the levels of 309.

Support for the stock lies in the zone of 300 to 302 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 292 to 294 from where the stock broke out of April-2017 highs.

Resistance for the stock lies in the zone of 314 to 316. If the stock manages to close above these levels then the stock can move to the levels of 321 to 323.

Broad range for the stock in coming week is seen between 300 to 302 on downside & 320 to 322 on upside.

Cipla Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Cipla for the week  (May 29, 2017 – June 02, 2017) :

CIPLA:

 

CIPLA

 

CIPLA closed the week on negative note losing around 13.40%.

As we have mentioned last week that minor support for the stock lies in the zone of 560 to 563. 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. During the week the stock manages to hit a low of 480 and close the week around the levels of 489.

Minor support for the stock lies in the zone of 475 to 477. Support for the stock lies in the zone of 445 to 450 where long term Fibonacci levels are lying. If the stock manages to close below these levels then the stock can witness a major break down on long term charts.

Resistance for the stock lies in the zone of 498 to 502. If the stock manages to close above these levels then the stock can move to the levels of 515 to 520 where Fibonacci levels are lying.

Broad range for the stock is seen in the range of 450 – 455 on downside & 510 – 515 on upside.

Dr. Reddy Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (May 29, 2017 – June 02, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 9.10%.

As we have mentioned last week that support for the stock lies in the zone of 2620 to 2640. If the stock manages to close below these levels then the stock can drift to the levels of 2520 to 2560 where the stock has formed a short term bottom. 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 2398 and close the week around the levels of 2414.

Support for the stock lies in the zone of 2370 to 2400 where long term Fibonacci levels are lying. 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. If the stock manages to close below these levels then the stock can drift to the levels of 1800 to 1900.

Resistance for the stock lies in the zone of 2520 to 2550 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2600 to 2640 where Fibonacci levels are lying.

Broad range for the stock is seen from 2250 – 2300 on downside & 2550 – 2580 on upside.

Lupin Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Lupin for the week  (May 29, 2017 – June 02, 2017) :

LUPIN:

 

LUPIN

 

Lupin closed the week on negative note losing around 15.60%.

As we have mentioned last week that minor support for the stock lies in the zone of 1280 to 1300. Support for the stock lies in the zone of 1240 to 1250 where the stock has formed a short term bottom. The stock has broken down on long term charts. Virtually no support lies for the stock. Long term support for the stock lies in the zone of 1000 to 1050. During the week the stock manages to hit a low of 1100 and close the week around the levels of 1113.

The stock has broken down on long term charts. Virtually no support lies for the stock. Support for the stock lies in the zone of 1080 to 1110 where long term Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 900.

Resistance for the stock lies in the zone of 1150 to 1170. If the stock manages to close above these levels then the stock can move to the levels of 1200 to 1210.

Broad range for the stock in coming week can be seen from 1000 – 1010 on downside & 1170 – 1180 on upside.

Sun Pharma Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Sun Pharma for the week  (May 29, 2017 – June 02, 2017) :

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on negative note losing around 13.10%.

As we have mentioned last week that minor support for the stock lies in the zone of 640 to 645. Support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 564 and close the week around the levels of 568.

The stock is in a freefall and no support zone is holding. Minor support for the stock lies in the zone of 545 to 550. Support for the stock lies in the zone of 520 to 525 where long term Fibonacci levels are lying.

Minor resistance for the stock lies in the zone of 575 to 580. Resistance for the stock lies in the zone of 585 to 590. If the stock manages to close above these levels then the stock can move to the levels of 605 to 610.

Broad range for the stock in the coming week can be 520 – 525 on lower side & 580 – 585 on upper side.

Wipro Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Wipro for the week  (May 29, 2017 – June 02, 2017) :

WIPRO:

 

WIPRO

 

Wipro closed the week on positive note gaining around 3.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 525 to 530 from where the stock broke down in the month of August-2016. If the stock manages to close above these levels then the stock can move to the levels of 540 to 545 from where the stock broke down. During the week the stock manages to hit a high of 545 and close the week around the levels of 539.

Minor support for the stock lies in the zone of 530 to 533. Support for the stock lies in the zone of 518 to 520 from where the stock broke out of March-2017 and April-2017 highs. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 505 from where the stock broke out after consolidation and short term moving averages are lying.

Resistance for the stock lies in the zone of 540 to 545 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 560 to 565.

Broad range for the stock in the coming week is seen between 515 to 520 on downside & 560 to 565 on upside.

HCL Tech Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for HCL Tech for the week  (May 29, 2017 – June 02, 2017) :

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech 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 835 to 840. Support for the stock lies in the zone of 820 to 825 where Fibonacci levels and break out levels are lying. 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 Daily moving averages are lying. During the week the stock manages to hit a low of 840 and close the week around the levels of 859.

Support for the stock lies in the zone of 835 to 840 where short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 820 to 825 where Fibonacci levels and break out levels are lying.

Resistance for the stock lies in the zone of 855 to 860 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 885 to 895 where Fibonacci levels and highs for the month of March-2017 are lying.

Broad range for the stock in the coming week is seen between 830 to 840 on downside & 880 to 885 on upside.

TCS Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for TCS for the week  (May 29, 2017 – June 02, 2017)  :

TATA CONSULTANCY SERVICES:

 

TCS

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 2520 to 2540. Resistance for the stock lies in the zone of 2580 to 2600 where the stock has formed a top in the month of March-2017. If the stock manages to close above these levels then the stock can move to the levels of 2630 to 2650. During the week the stock manages to hit a high of 2638 and close the week around the levels of 2578.

Minor support for the stock lies in the zone of 2540 to 2560. Support for the stock lies in the zone of 2480 to 2500 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2380 to 2400 where Fibonacci levels and 200 Daily moving averages are lying.

Resistance for the stock lies in the zone of 2580 to 2600 where the stock has formed a top in the month of March-2017. If the stock manages to close above these levels then the stock can move to the levels of 2630 to 2650.

Broad range for the stock in the coming week is seen between 2480 to 2500 on downside & 2650 to 2680 on upside.

Infosys Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Infosys for the week  (May 29, 2017 – June 02, 2017) :

INFOSYS:

 

INFY

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 970 to 980 where Fibonacci level and short & medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of around 990 to 1000 where Fibonacci level and 200 Daily moving averages are lying. During the week the stock manages to hit a high of 1000 and close the week around the levels of 996.

Support for the stock lies in the zone of 970 to 980 where Fibonacci level and short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 945 to 950 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 990 to 1000 where Fibonacci level and 200 Daily moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of around 1015 to 1020 where Fibonacci levels are lying.

Broad range for the stock in the coming week is seen between 970 to 980 on downside & 1025 to 1030 on upside.

SBI Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for SBI for the week  (May 29, 2017 – June 02, 2017) :

STATE BANK OF INDIA:

 

SBIN

 

SBIN closed the week on negative note losing around 6.30%.

As we have mentioned last week that minor support for the stock lies in the zone of 300 to 302. Support for the stock lies in the zone of 288 to 290 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 278 to 280 from where the stock broke out of February-2017 highs. During the week the stock manages to hit a low of 282 and close the week around the levels of 288.

Support for the stock lies in the zone of 278 to 280 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 277 to 279 where lows for the month of April-2017 and medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 292 to 294. Resistance for the stock lies in the zone of 300 to 302 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 307 to 310 from where the stock has sold off in the month of March-2015 & May-2015.

Broad range for the stock in the coming week can be 277 to 279 on lower side & 300 to 302 on upper side.

Axis Bank Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (May 29, 2017 – June 02, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 1.90%.

As we have mentioned last week that minor support for the stock lies in the zone of 495 to 500. Support for the stock lies in the zone of 485 to 488 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 495 and close the week around the levels of 511.

Support for the stock lies in the zone of 500 to 505 where short and 200 Daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 485 to 490 where the stock has taken multiple support and medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 515 to 517. Resistance for the stock lies in the zone of 525 to 530 where the stock has formed a top in the month of February-2017 and March-2017. If the stock manages to close above these levels then the stock can move to the levels of 535 to 540 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be 490– 495 on lower side & 530 – 535 on upper side.

ICICI Bank Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for ICICI Bank for the week  (May 29, 2017 – June 02, 2017) :

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on positive note gaining around 4.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 312 to 315 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 319 to 321 from where the stock sold off in the month of July-2015 & August-2015. During the week the stock manages to hit a high of 323 and close the week around the levels of 321.

Minor support for the stock lies in the zone of 317 to 318. Support for the stock lies in the zone of 312 to 315 where long term Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 305 to 307 from where the stock broke out after consolidation.

Resistance for the stock lies in the zone of 319 to 321 from where the stock sold off in the month of July-2015 & August-2015. If the stock manages to close above these levels then the stock can move to the levels of 326 to 328 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be 312– 314 on lower side & 328 – 330 on upper side.

HDFC Bank Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for HDFC Bank for the week  (May 29, 2017 – June 02, 2017) :

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on positive note gaining around 4.10%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 1555 to 1560. Resistance for the stock lies in the zone of 1570 to 1580 where highs for the month of April-2017 is lying. If the stock manages to close above these levels then the stock can move to the levels of around 1600 to 1610. During the week the stock manages to hit a high of 1632 and close the week around the levels of 1626.

Minor support for the stock lies in the zone of 1595 to 1605. Support for the stock lies in the zone of 1570 to 1580 from where the stock broke out of April-2017 highs. If the stock manages to close below these levels then the stock can drift to the levels of around 1540 to 1550 where the stock has taken multiple support.

Minor resistance for the stock lies in the zone of 1635 to 1640. Resistance for the stock lies in the zone of 1660 to 1665. If the stock manages to close above these levels then the stock can move to the levels of around 1690 to 1700.

Broad range for the stock in the coming week can be 1580 to 1590 on lower side & 1660 to 1670 on upper side.

Nifty Media Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for NIFTY MEDIA for the week  (May 29, 2017 – June 02, 2017) :

NIFTY MEDIA:

 

NIFTYMEDIA

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 3160 to 3200. Resistance for the index lies in the zone of 3250 to 3300 where the index has made a double top pattern and Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 3390 to 3420. During the week the index manages to hit a high of 3160 and close the week around the levels of 3089.

Support for the index lies in the zone of 3020 to 3040 from where the index broke out of February-2017 highs and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 2900 to 2920 where Fibonacci levels and 200 Daily moving averages are lying.

Minor resistance for the index lies in the zone of 3100 to 3120. Resistance for the index lies in the zone of 3160 to 3200 from where the index broke down on intraday basis 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 3250 to 3300 where the index has made a double top pattern and Fibonacci extension is lying.

Broad range for the index is seen between 2950 to 2980 on downside & 3200 to 3230 on upside.

Nifty Realty Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for NIFTY REALTY for the week  (May 29, 2017 – June 02, 2017) :

NIFTY REALTY:

 

NIFTYREALT

 

Nifty REALTY index closed the week on negative note losing around 3.20%.

As we have mentioned last week that minor resistance for the index lies in the zone of 267 to 268. Resistance for the index lies in the zone of 272 to 273. If the index manages to close above these levels then the index can move to the levels of 280 to 282. During the week the index manages to hit a high of 269 and close the week around the levels of 256.

Support for the index lies in the zone of 250 to 252 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 246 to 248 where declining trend-line support for the index is lying.

Minor resistance for the index lies in the zone of 260 to 262. Resistance for the index lies in the zone of 266 to 268 from where the index broke down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 274 to 276 where the index has formed a top in the month of May-2017.

Broad range for the index is seen between 245 to 247 on downside & 266 to 268 on upside.

Nifty PSU Bank Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (May 29, 2017 – June 02, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on negative note losing around 6.00%.

As we have mentioned last week that minor support for the index lies in the zone of 3700 to 3730. Support for the index lies in the zone of 3590 to 3620 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3470 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying. During the week the index manages to hit a low of 3449 and close the week around the levels of 3539.

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 3350 to 3380 where medium term moving averages are lying.

Minor resistance for the index lies in the zone of 3590 to 3620. Resistance for the index lies in the zone of 3780 to 3820 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 3980 to 4000.

Broad range for the index is seen between 3380 to 3420 on downside & 3650 to 3680 on upside.

Nifty Metal Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for NIFTY METAL for the week  (May 29, 2017 – June 02, 2017) :

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week that minor support for the index lies in the zone of 2875 to 2900. Support for the index lies in the zone of 2820 to 2840 where short term bottom and 200 Daily moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 2750 to 2780 where Fibonacci levels are lying. During the week the index manages to hit a low of 2841 and close the week around the levels of 2997.

Minor support for the index lies in the zone of 2900 to 2930. Support for the index lies in the zone of 2820 to 2840 where short term bottom and 200 Daily moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 2750 to 2780 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 2990 to 3020 from where the index broke down after consolidation and 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 3070 to 3100 from where the index has broken down in the month of April-2017.

Broad range for the index is seen between 2900 to 2930 on downside & 3100 to 3130 on upside.

Nifty Energy Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (May 29, 2017 – June 02, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

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

As we have mentioned last week that support for the index lies in the zone of 11600 to 11700 where Fibonacci level and highs for the month of February-2017 & March-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of around 11200 to 11300 where long term break out levels are lying. During the week the index manages to hit a low of 11496 and close the week around the levels of 11858.

Support for the index lies in the zone of 11600 to 11700 where Fibonacci level and highs for the month of February-2017 & March-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of around 11200 to 11300 where long term break out levels are lying.

Minor resistance for the index lies in the zone of 11900 to 12000. Resistance for the index lies in the zone of 12150 to 12200 where Fibonacci levels is lying. If the index manages to close above these levels then the index can move to the levels of around 12450 to 12500 where the index has formed a short term top.

Broad range for the index is seen between 11500 to 11550 on downside & 12200 to 12300 on upside.

Nifty Auto Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (May 29, 2017 – June 02, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 2.90%.

As we have mentioned last week that resistance for the index lies in the zone of 10450 to 10500 where the index has formed a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of around 10650 to 10750. During the week the index manages to hit a high of 10760 and close the week around the levels of 10712.

Minor support for the index lies in the zone of 10450 to 10500. Support for the index lies in the zone of 10150 to 10250 from where the index broke out of February-2017, 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 9900 to 9950 where medium term moving averages are lying.

Resistance for the index lies in the zone of 10800 to 10850. If the index manages to close above these levels then the index can move to the levels of around 11000 to 11100 where Fibonacci levels are lying.

Broad range for the index is seen from 10300 to 10400 on downside & 11000 to 11100 on upside.

Nifty Pharma Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for NIFTY Pharma for the week  (May 29, 2017 – June 02, 2017) :

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 10.80%.

As we have mentioned last week that minor support for the index lies in the zone of 10000 to 10050. Support for the index lies in the zone of 9800 to 9900 from where the index has bounced in the month of October-2014 and November-2016. If the index manages to close below these levels then the index can witness further free fall and virtually no support exit. The index can drift to the levels of 9700. During the week the index manages to hit a low of 9034 and close the week around the levels of 9060.

The index is in a freefall and no support levels are holding. The index can drift to the levels of 8000 to 8100 where long term Fibonacci levels are lying.

Resistance for the index is lying in the zone of 9200 to 9250 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450.

Broad range for the index is seen from 8400 to 8450 on downside & 9300 to 9350 on upside.

Nifty FMCG Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (May 29, 2017 – June 02, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 4.70%.

As we have mentioned last week that resistance for the index lies in the zone of 24500 to 24600 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 24900 to 25000. During the week the index manages to hit a high of 25711 and close the week around the levels of 25507.

Minor support for the index lies in the zone of 25200 to 25300. Support for the index lies in the zone of 24600 to 24700 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 23800 to 24000 where break out levels and short term moving averages are lying.

Resistance for the index lies in the zone of 25700 to 25800. If the index manages to close above these levels then the index can move to the levels of 26000 to 26100 where Fibonacci levels are lying.

Broad range for the index in the coming week is seen from 24500 to 24600 on downside & 26200 to 26300 on upside.

Nifty IT Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for NIFTY IT for the week  (May 29, 2017 – June 02, 2017) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week that resistance for the index lies in the zone of 10550 to 10600 where trend-line resistance and Fibonacci levels for the index is lying. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 where highs for the month of March-2017 and Fibonacci levels are lying. During the week the index manages to hit a high of 10792 and close the week around the levels of 10735.

Support for the index lies in the zone of 10550 to 10600 where trend-line support and Fibonacci levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where short & long term moving averages are lying.

Resistance for the index lies in the zone of 10900 to 11000 where highs for the month of March-2017 and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11300 to 11400 from where the index sold off in the month of August-2016.

Broad range for the index in the coming week is seen from 10400 to 10500 on downside & 10900 to 11000 on upside.

Nifty Bank Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (May 29, 2017 – June 02, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on positive note gaining around 2.60%.

As we have mentioned last week that resistance for the index lies in the zone of 22900 to 23000. If the index manages to close above these levels then the index can move to the levels of around 23300 to 23400. During the week the index manages to hit a high of 23408 and close the week around the levels of 23362.

Minor support for the index lies in the zone of 23000 to 23100. Support for the index lies in the zone of 22400 to 22500 where Fibonacci levels and support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 22000 to 22100 where short term moving averages and break out levels for the index is lying.

Resistance for the index lies in the zone of 23450 to 23500. If the index manages to close above these levels then the index can move to the levels of around 23700 to 23800 where Fibonacci levels are lying.

Range for the week is seen from 22700 to 22800 on downside & 23700 to 23800 on upside.

Nifty Outlook for the Week (May 29, 2017 – June 02, 2017)

Equityandit’s Outlook for Nifty for week (May 29, 2017 – June 02, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor support for the index lies in the zone of 9350 to 9380. Support for the index lies in the zone of 9200 to 9250 where the index had opened gap up and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9070 to 9130 where Fibonacci levels. During the week the index manages to hit a low of 9341 and close the week around the levels of 9595.

Minor support for the index lies in the zone of 9500 to 9520. Support for the index lies in the zone of 9350 to 9400 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where short term moving averages are lying.

Resistance for the index lies in the zone of 9700 to 9730. If the index manages to close above these levels then the index can move to the levels of 9880 to 9900.

Broad range for the week is seen from 9400 on downside & 9800 on upside.

MCX Tips for – Friday, May 26, 2017

Gold (28661): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28597 levels. Traders can initiate long positions on every dip until Gold Future closes below 28544 levels.

Silver (39802):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 39348  levels.

Crude (3178): 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 3353 levels.

Natural Gas (205.40): NG Future has entered into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG Future closes above 212.70 levels.

Copper (371.70): 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 366.35.

Zinc (169.55): 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 167.75 levels.

Lead (134.25): 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 136.20 levels.

Nickel (582.00):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 598.60 levels.

Aluminium (126.30):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 124.70 levels.

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

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

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Share Market Tips for – Friday, May 26, 2017

EquityPandit

Nifty Possess Strong Support At 9450, Go Long At Dips, ITC, SunPharma Results Today

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that there is strong chance of sharply short covering rally in BankNifty and Nifty. EquityPandit also predicted that market would enter into positive zone if it breaches 9464 levels for Nifty and 22810 levels for BankNifty and exactly same happened. Indian Stock Market moved sharply positive. BankNifty broke all resistances and made record highs. Sensex also made record highs for the day. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open negative. Technically, Indian Stock Market, including Nifty, Sensex and BankNifty has entered into positive zone. Market has clearly witnessed bulls taking control. We may see some profit booking but market would see strong support at 9450 levels for Nifty. Traders, who missed the rally can go long near EquityPandit’s predicted support levels. Next target for Nifty would be 9550-9600 levels in days to come. Overall, market is positive and traders can go long at dips near EquityPandit’s predicted support levels. ITC and Sunpharma to disclose its results today.

Also Check 3 Stocks to watch Today

FIIs were net buyers of Rs.589.11 crores whereas DIIs were net sellers of Rs.236.44 crores in cash market for last trading session. Nifty would see strong support at 9470-9450-9420-9370 whereas strong resistance would be seen at 9535-9550-9600 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: 3M India, Birla Corporation, Cox & Kings, Crompton Greaves, Divis Lab, FDC, Future Consumer, HPCL, ITC, Kwality, Mahanagar Gas, Navneet Education, NBCC, OnMobile Global, Siti Networks, SKF India, Sun Pharma, TV Today, Tata Chemicals, Tech Mahindra, Torrent Pharma and Trend Ltd..

NSE Nifty: (9510) The support for the Nifty is 9470-9450-9420-9370 and the resistance to the up move is at 9535-9550-9600 levels.

NSE BankNifty: (23190) The support for BankNifty is at 23060-22970-22865 and the resistance to the up move is at 23270-23400-23540 levels.

BSE Sensex: (30750) The support for the Sensex is at 30715-30600-30490 and the resistance to the up move is at 30800-30880-30950-31060 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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3 Stocks to watch on May 26, 2017

Watch out for the following 3 stocks on May 26, 2017.

1. M & M (CMP: 1327.50)
Positional Recommendation: BUY on dips
Support Levels: 1317, 1304
Resistance Levels: 1339, 1349

2. AXISBANK (CMP: 507.45)
Positional Recommendation: BUY on dips
Support Levels: 500.20, 496
Resistance Levels: 512, 518

3. ASIANPAINT (CMP: 1113.20)
Positional Recommendation: BUY on dips
Support Levels: 1103, 1094
Resistance Levels: 1127, 1136

Disclaimer:
The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from Technical analysis software deemed to be reliable but is not guaranteed as to accuracy and completeness. It is advisable to consult the appropriate experts before using the recommendations. Equitypandit should not be hold liable for any consequences. The information mentioned are for study purpose.

MCX Tips for – Thursday, May 25, 2017

Gold (28713): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28597 levels. Traders can initiate long positions on every dip until Gold Future closes below 28544 levels.

Silver (39832):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 39310  levels.

Crude (3329): 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 3272 levels.

Natural Gas (208.60): 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 208.00 levels.

Copper (371.50): 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 365.75.

Zinc (171.30): 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 167.75 levels.

Lead (133.95): 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 136.45 levels.

Nickel (589.80):  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 605.20 levels.

Aluminium (126.10):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 124.60 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, May 25, 2017

equitypandit_square

Short Covering Rally To Be Seen But Go Long Only If Nifty Closes Above 9464

 

Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that Indian Stock Market has entered into negative zone. EquityPandit also predicted that market would see some bounce from current levels but once Nifty breaches levels of 9370, it would see further downfall towards 9336 levels and exactly same happened. Nifty bounced from its previous closing levels of 9386 towards 9431 while opening but was not able to sustain the levels. Market fell sharply from those levels and finally breached EquityPandit’s predicted levels of 9370 for Nifty. Nifty saw lows right near EquityPandit’s predicted support levels of 9336 for the day. Sensex also saw strong resistance right at EquityPandit’s predicted resistance levels of 30540 like a dot. Finally, Market closed negative for the day. Sensex closed right above EquityPandit’s predicted support levels of 30300 like a dot.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market, including Nifty, Sensex and BankNifty are still in negative zone. Today is F&O Expiry and huge volatility would be seen in the market. US Fed minutes indicate plan to wind down the balance sheet and this reduces chances of more rate hike. This is a positive news for market. Major support would be seen at 9336-9300-9270 levels for Nifty whereas Nifty would see immediate resistance at 9400-9450 levels. There is strong chance of some short covering rally in BankNifty and Nifty. Breaching levels of 9340 would confirm the weakness in Nifty. Cross border tensions would keep Market in pressure. Market would see reversal and enter into positive zone only if Nifty closes above 9464 levels and BankNifty closes above 22810 levels.

Also Check 3 Stocks to watch Today

FIIs were net buyers of Rs.81.88 crores whereas DIIs were net buyers of Rs.197.31 crores in cash market for last trading session. Nifty would see strong support at 9336-9300-9270 whereas strong resistance would be seen at 9400-9450-9480-9500 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: AIA Engineering, Ashok Leyland, Bajaj Hindusthan Sugar, BF Utilities, Bosch Ltd, Britannia Industries, Cipla, GSPL, Indian Oil Corporation, Manappuram Finance, Mphasis, NMDC, Page Industries, Prism Cement and Redington India..

NSE Nifty : (9361) The support for the Nifty is 9336-9300-9270 and the resistance to the up move is at 9400-9450-9480-9500 levels.

NSE BankNifty : (22536) The support for BankNifty is at 22500-22445-22307-22240 and the resistance to the up move is at 22618-22740-22764-22834 levels.

BSE Sensex: (30301) The support for the Sensex is at 30270-30185-30110 and the resistance to the up move is at 30450-30480-30540-30610-30710 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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3 Stocks to watch on May 25, 2017

Watch out for the following 3 stocks on May 25, 2017.

1. GRUH (CMP: 400.35)
Positional Recommendation: BUY on dips
Support Levels: 394, 386
Resistance Levels: 403.50, 410.50

2. PHOENIXLTD (CMP: 409.15)
Positional Recommendation: BUY on dips
Support Levels: 405, 401
Resistance Levels: 413.80, 420.35

3. INDIACEM (CMP: 184.55)
Positional Recommendation: SELL on rise
Support Levels: 180.50, 176.80
Resistance Levels: 188.10, 191.70

Disclaimer:
The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from Technical analysis software deemed to be reliable but is not guaranteed as to accuracy and completeness. It is advisable to consult the appropriate experts before using the recommendations. Equitypandit should not be hold liable for any consequences. The information mentioned are for study purpose.

MCX Tips for – Wednesday, May 24, 2017

Gold (28882): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28597 levels. Traders can initiate long positions on every dip until Gold Future closes below 28544 levels.

Silver (39909):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 39310  levels.

Crude (3310): 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 3231 levels.

Natural Gas (213.10): 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 208.00 levels.

Copper (371.40): 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 365.75.

Zinc (171.95): 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 167.75 levels.

Lead (135.80): 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 136.45 levels.

Nickel (603.90):  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 593.60 levels.

Aluminium (125.40):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 123.90 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 – Wednesday, May 24, 2017

equitypandit_square

Nifty Possess Support At 9370, Further Downfall If 9370 Is Broken

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that market would still consolidate in the range of 9370-9350 levels and exactly same happened. Nifty opened positive but fell down sharply to see lows right at EquityPandit’s predicted support levels of 9370 like a dot. Finally, Indian Stock Market closed negative for the day. Sensex also closed right above EquityPandit’s predicted support levels of 30360 like a dot.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market, including Nifty, Sensex and BankNifty are still in negative zone. We are into F&O Expiry week and we would see huge volatility ahead of F&O Expiry. Nifty has already breached its immediate support of 9400 levels. Some bounce can be seen from current levels but once Nifty breaches the levels of 9370, we would see some further downfall towards 9336-9330 levels. BankNifty possess some immediate support at 22500, breaching which, we would see some further slide in BankNifty. Overall, market is choppy and traders can go short at rally in the market. The downfall would not be very steep, so keep booking profits continuously during the downside.

Also Check 3 Stocks to watch Today

FIIs were net sellers of Rs.400.53 crores whereas DIIs were net buyers of Rs.352.54 crores in cash market for last trading session. Nifty would see strong support at 9370-9336-9300 whereas strong resistance would be seen at 9400-9450-9480-9500 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: Adani Ports, Amara Raja Batteries, Bayer CorpScience, Bharat Forge, Dish TV, Kaveri Seed, Lupin, Religare Enterprises, Sundram Fasteners, Tata Investment Corporation, Timken India, TVS Srichakra and Wonderla Holidays..

NSE Nifty: (9386) The support for the Nifty is 9370-9336-9300 and the resistance to the up move is at 9400-9450-9480-9500 levels.

NSE BankNifty: (22583) The support for BankNifty is at 22500-22445-22307-22240 and the resistance to the up move is at 22618-22740-22764-22834 levels.

BSE Sensex: (30365) The support for the Sensex is at 30300-30270-30185-30110 and the resistance to the up move is at 30480-30540-30610-30710 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

3 Stocks to watch on May 24, 2017

Watch out for the following 3 stocks on May 24, 2017.

1. HINDALCO (CMP: 192)
Positional Recommendation: BUY on dips
Support Levels: 190.50, 186
Resistance Levels: 194.15, 196.65

2. APOLLOHOSP (CMP: 1232.15)
Positional Recommendation: SELL on rise
Support Levels: 1220, 1211.50
Resistance Levels: 1239, 1256

3. RAYMOND (CMP: 699.55)
Positional Recommendation: SELL on rise
Support Levels: 690, 680
Resistance Levels: 707, 719

Disclaimer:
The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from Technical analysis software deemed to be reliable but is not guaranteed as to accuracy and completeness. It is advisable to consult the appropriate experts before using the recommendations. Equitypandit should not be hold liable for any consequences. The information mentioned are for study purpose.

MCX Tips for – Tuesday, May 23, 2017

Gold (28785): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28544 levels. Traders can initiate long positions on every dip until Gold Future closes below 28544 levels.

Silver (39874):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38981  levels.

Crude (3310): 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 3230 levels.

Natural Gas (214.50): 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 206.60 levels.

Copper (371.50): 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 364.80.

Zinc (170.25): 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 166.25 levels.

Lead (134.60): 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 136.45 levels.

Nickel (605.50):  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 593.20 levels.

Aluminium (125.25):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 123.90 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 – Tuesday, May 23, 2017

equitypandit_square

Market Still In Consolidation, Tata Motors Results Today

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that market would continue to consolidate until Nifty is in the range of 9400-9516 levels and exactly same happened. Nifty moved higher but saw highs right at EquityPandit’s predicted resistance levels of 9500 like a dot and fell down sharply.BankNifty also saw lows right near EquityPandit’s predicted support levels of 22629. Finally, Indian Stock Market closed flat for the day with heavy pressure on BankNifty. Sensex also closed right below EquityPandit’s predicted resistance levels of 30580.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market, including Nifty, Sensex and BankNifty are in negative zone. BankNifty entered into negative zone in last trading session. Market would still consolidate. Some downside can be seen in the market backed with the weakening Banking sector but this downfall is not very convincing. Overall, market would see sideways movement in a rangebound region. Traders should not initiate fresh short sell until Nifty holds 9370 levels on closing basis. Since Market is consolidating, intraday traders can go short near resistance of 9500 levels with closing stoploss above 9516 levels and go long near support of 9400 levels with closing stoploss below 9370 levels.

Also Check 3 Stocks to watch Today

FIIs were net sellers of Rs.321.27 crores whereas DIIs were net buyers of Rs.1262.64 crores in cash market for last trading session. Nifty would see strong support at 9400-9370-9336 whereas strong resistance would be seen at 9480-9500-9516 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: Central Bank Of India, Century Plyboards, Entertainment Network, Future Retail, JB Chemicals, Jindal Steel & Power, Jubiliant Life Sciences, NCC, Novartis India, Radico Khaitan, Tata Motors Ltd, Tata Motors DVR, Torrent Power and Voltas.

NSE Nifty: (9438) The support for the Nifty is 9400-9370-9336 and the resistance to the up move is at 9480-9500-9516 levels.

NSE BankNifty: (22653) The support for BankNifty is at 22629-22550-22514-22470 and the resistance to the up move is at 22764-22834-22890-22980 levels.

BSE Sensex: (30571) The support for the Sensex is at 30500-30400-30360-30277 and the resistance to the up move is at 30685-30740-30825-30950 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

3 Stocks to watch on May 23, 2017

Watch out for the following 3 stocks on May 23, 2017.

1. JUBLFOOD (CMP: 1030)
Positional Recommendation: BUY on dips
Support Levels: 1020, 1006
Resistance Levels: 1047.50, 1056.70

2. RECLTD (CMP: 213)
Positional Recommendation: SELL on rise
Support Levels: 210.20, 205.80
Resistance Levels: 215.20, 218.10

3. CANBK (CMP: 361.70)
Positional Recommendation: SELL on rise
Support Levels: 358.20, 353.70
Resistance Levels: 365, 368.50

Disclaimer:
The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from Technical analysis software deemed to be reliable but is not guaranteed as to accuracy and completeness. It is advisable to consult the appropriate experts before using the recommendations. Equitypandit should not be hold liable for any consequences. The information mentioned are for study purpose.

MCX Tips for – Monday, May 22, 2017

Gold (28635): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28544 levels. Traders can initiate long positions on every dip until Gold Future closes below 28544 levels.

Silver (39111):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38674  levels.

Crude (3271): 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 3167 levels.

Natural Gas (210.60): NG Future is trading into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG Future closes above 213.50 levels.

Copper (369.55): 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 362.20.

Zinc (169.80): 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 163.20 levels.

Lead (135.70): 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 136.45 levels.

Nickel (602.50):  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 586.20 levels.

Aluminium (125.35):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 123.80 levels.

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

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

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3 Stocks to watch on May 22, 2017

Watch out for the following 3 stocks on May 22, 2017.

1. CIPLA (CMP: 565)
Positional Recommendation: BUY on dips
Support Levels: 561, 555.50
Resistance Levels: 568.50, 576.50

2. TATA MOTOR DVR (CMP: 266.80)
Positional Recommendation: BUY on dips
Support Levels: 263.25, 259.60
Resistance Levels: 269.50, 272.15

3. POWERGRID (CMP: 205.75)
Positional Recommendation: SELL on rise
Support Levels: 207.20, 210.30
Resistance Levels: 202.50, 199.60

Disclaimer:
The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from Technical analysis software deemed to be reliable but is not guaranteed as to accuracy and completeness. It is advisable to consult the appropriate experts before using the recommendations. Equitypandit should not be hold liable for any consequences. The information mentioned are for study purpose.

Share Market Tips for – Monday, May 22, 2017

equitypandit_square

Market Would Continue To Consolidate Until Nifty In The Range Of 9400-9516

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that market would open positive but would consolidate in a rangebound region and exactly same happened. Indian Stock Market moved sharply positive while opening but was not able to hold EquityPandit’s predicted resistance levels of 9500 and fell down sharply. Overall Market consolidated for the whole day between EquityPandit’s predicted support and resistance levels of 9400 and 9500 respectively. BankNifty also saw lows right at EquityPandit’s predicted support levels of 22629 like a dot. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market would open positive. Technically, analysis would remain same. Nifty is still in negative zone whereas BankNifty is in positive zone. Nifty would enter into positive zone once it closes above 9516 levels whereas BankNifty would enter into negative zone once it closes below 22685 levels. So, until either of that happens, traders should hold cash in hand as market would continue to consolidate. GST rates have been disclosed on Friday and it would affect the trend of few of the industries affecting Indian Stock Market for the day. US FED would also announce the minutes of meeting on May 24, 2017 that would give some clarity about possible rate hike in June. BankNifty has also formed DOJI candlestick pattern and hence it also suggest uncertainty of the trend. Intraday Traders can go long if BankNifty breaches levels of 22903 whereas go short if BankNifty breaches 22628 levels. US politics and Trump administration would also be eyed for the upcoming week. Overall, traders should hold cash in hand until Nifty breaches the range of 9400-9516. Further positions should be taken only once this range is broken on closing basis.

Also Check 3 Stocks to watch Today

FIIs were net sellers of Rs.988.70 crores whereas DIIs were net buyers of Rs.349.21 crores in cash market for last trading session. Nifty would see strong support at 9400-9370 whereas strong resistance would be seen at 9450-9480-9500-9516 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: Allcargo Logistics, Bank Of India, CCL Products, Engineers India, GAIL, Godrej Industries, Lakshmi Machine Works, PTC India, SRF and Texmaco Rail.

NSE Nifty: (9428) The support for the Nifty is 9400-9370 and the resistance to the up move is at 9450-9480-9500-9516 levels.

NSE BankNifty: (22770) The support for BankNifty is at 22685-22629-22514-22470 and the resistance to the up move is at 22834-22890-22980 levels.

BSE Sensex: (30465) The support for the Sensex is at 30400-30360-30277-30210 and the resistance to the up move is at 30580-30685-30740-30825 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 (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Natural Gas for the week  (May 22, 2017 – May 26, 2017) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS (210.60) closed the week on negative note losing around 4.10%.

As we have mentioned last week that support for the commodity lies in the zone of 213 to 215 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 203 to 205 where Fibonacci level and 200 Daily moving averages are lying. During the week the commodity manages to hit a low of 203 and close the week around the levels of 210.

Minor support for the commodity lies in the zone of 207 to 208. Support for the commodity lies in the zone of 203 to 205 where Fibonacci level 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 198 to 200.

Minor resistance for the commodity lies in the zone of 213 to 215. Resistance for the commodity lies in the zone of 221 to 223 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 226 to 228 from where the commodity broke down on weekly basis.

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 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (May 22, 2017 – May 26, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3271) closed the week on positive note gaining around 6.70%.

As we have mentioned last week that resistance for the commodity lies in the zone of 3080 to 3100 where Fibonacci levels and break down levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3230 to 3250 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 3282 and close the week around the levels of 3271.

Support for the commodity lies in the zone of 3200 to 3230 where short term moving averages & Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3080 to 3100 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 3300 to 3330 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 3400 to 3430 where medium term moving averages and Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 3150 – 3180 on downside & 3350 – 3380 on upside.

Aluminium Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Aluminium for the week  (May 22, 2017 – May 26, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (125.35) closed the week on positive note gaining around 3.40%.

As we have mentioned last week that support for the commodity lies in the zone of around 120 to 120.50 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 117.50 to 118 where Fibonacci level and 200 Daily moving averages are lying. During the week the commodity manages to hit a low of 121.20 and close the week around the levels of 125.35.

Support for the commodity lies in the zone of around 124 to 124.50 from where the commodity broke out of declining trend-line resistance. If the commodity manages to close below these levels then the commodity can drift to the levels of 123 to 12.50 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 126.50 to 127 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 129 to 130 where the commodity has formed a top in the month of March-2017.

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

Nickel Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Nickel for the week  (May 22, 2017 – May 26, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (602.50) closed the week on positive note gaining around 0.60%.

As we have mentioned last week that minor support for the commodity lies in the zone of 590 to 593. Support for the commodity lies in the zone of 570 to 580. If the commodity manages to close below these levels then the commodity can drift to the levels of around 540 to 550 where long term trend-line support for the commodity is lying. During the week the commodity manages to hit a low of 580 and close the week around the levels of 602.

Minor support for the commodity lies in the zone of 592 to 595. Support for the commodity lies in the zone of 575 to 580 where the commodity has formed a short term bottom. If the commodity manages to close below these levels then the commodity can drift to the levels of around 540 to 550 where long term trend-line support for the commodity is lying.

Minor resistance for the commodity lies in the zone of 610 to 615. Resistance for the commodity lies in the zone of 625 to 635 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 medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 580 – 585 on downside & 620 – 625 on upside.

Lead Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Lead for the week  (May 22, 2017 – May 26, 2017) :

LEAD:

 

LEAD 1

 

LEAD (135.70) closed the week on negative note losing around 0.40%.

As we have mentioned last week that support for the commodity lies in the zone of 136 to 138 where the commodity has formed a short term bottom. If the commodity manages to close below these levels then the commodity can witness a freefall up to the levels of 130 to 131. During the week the commodity manages to hit a low of 132 and close the week around the levels of 136.

Minor support for the commodity lies in the zone of 134 to 135. Support for the commodity lies in the zone of 130 to 132 where long term Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 126 to 128.

Resistance for the commodity lies in the zone of 139 to 140 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 142 to 144 where Fibonacci level and 200 Daily moving averages are lying.

Broad range for the commodity in the coming week can be seen between 130 – 131 on downside & 141 – 142 on upside.

Zinc Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Zinc for the week  (May 22, 2017 – May 26, 2017) :

ZINC:

 

ZINC 1

 

ZINC (169.80) closed the week on a positive note gaining around 3.20%.

As we have mentioned last week that 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. During the week the commodity manages to hit a low of 159 and close the week around the levels of 170.

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 171 to 173 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 160 – 162 on downside & 178 – 180 on upside.

Copper Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Copper for the week  (May 22, 2017 – May 26, 2017) :

COPPER:

 

COPPER 1

 

COPPER (369.55) closed the week on positive note gaining around 2.70%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 362 to 364. 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. During the week the commodity manages to hit a high of 370 and close the week around the levels of 369.

Minor support for the commodity lies in the zone of 365 to 366. Support for the commodity lies in the zone of 361 to 363 where Fibonacci level 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 351 where long term 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 360 – 362 on downside & 377 – 380 on upside.

Silver Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Silver for the week  (May 22, 2017 – May 26, 2017) :

SILVER:

 

SILVER 1

 

SILVER (39111) closed the week on positive note gaining around 2.50%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 38300 to 38500. Resistance for the commodity lies in the zone of 39000 to 39300 from where the commodity broke down. If the commodity manages to close above these levels then the commodity can move to the levels of 39800 to 40000 from where the commodity broke down from major support. During the week the commodity manages to hit a high of 39375 and close the week around the levels of 39111.

Support for the commodity lies in the zone of 38300 to 38500 where trend-line support for the commodity is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 37700 to 37800 where long term Fibonacci level is lying.

Resistance for the commodity lies in the zone of 39000 to 39300 from where the commodity broke down. If the commodity manages to close above these levels then the commodity can move to the levels of 39800 to 40000 from where the commodity broke down from major support.

Broad range for the commodity in the coming week can be seen between 38100 – 38200 on downside & 40000 – 40200 on upside.

Gold Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Gold for the week  (May 22, 2017 – May 26, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28635) closed the week on positive note gaining around 2.20%.

As we have mentioned last week that support for the commodity lies in the zone of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017. If the commodity manages to close below these levels then the commodity can witness a freefall and commodity can drift to the levels of 26800 to 26900 where the commodity has formed a bottom in the month of December-2016. During the week the commodity manages to hit a low of 27982 and close the week around the levels of 28635.

Support for the commodity lies in the zone of 28200 to 28300 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017.

Resistance for the commodity lies in the zone of 28700 to 28800 where 200 daily moving average is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29000 to 29100 where Fibonacci levels and medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 28100 – 28200 on downside & 29000 – 29100 on upside.

Colgate Palmolive Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week  (May 22, 2017 – May 26, 2017) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on positive note gaining around 0.20%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 1030 to 1035. Resistance for the stock lies in the zone of 1045 to 1055 where the stock has formed a short term top. 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 1045 and close the week around the levels of 1016.

Minor support for the stock lies in the zone of 1000 to 1005. 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.

Minor resistance for the stock lies in the zone of 1030 to 1035. Resistance for the stock lies in the zone of 1045 to 1055 where the stock has formed a short term top. 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 (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for DABUR for the week  (May 22, 2017 – May 26, 2017) :

DABUR:

 

DABUR

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 273 to 276. Support for the stock lies in the zone of 267 to 269 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 262 where the stock has formed a bottom in the month of December-2016 and February-2017. During the week the stock manages to hit a low of 271 and close the week around the levels of 275.

Minor support for the stock lies in the zone of 273 to 276. Support for the stock lies in the zone of 267 to 269 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 262 where the stock has formed a bottom in the month of December-2016 and February-2017.

Minor resistance for the stock lies in the zone of 279 to 281. Resistance for the stock lies in the zone of 283 to 286 where 200 Daily moving averages and Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 292 to 295 where the stock has formed a top in the month of April-2017.

Broad range for the stock in the coming week can be seen between 262 to 265 on downside & 285 to 288 on upside.

Hindustan Unilever Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week  (May 22, 2017 – May 26, 2017) :

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on positive note gaining around 2.80%.

As we have mentioned last week that resistance for the stock lies in the zone of 990 to 1000 where Fibonacci level and life time highs for the stock is lying. If the stock manages to close above these levels then the stock can move to the levels of 1010 to 1015 where Fibonacci level is lying. During the week the stock manages to hit a high of 1022 and close the week around the levels of 1008.

Minor support for the stock lies in the zone of 990 to 1000. Support for the stock lies in the zone of 970 to 980 where break out levels for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 950 to 960 from where the stock broke out from the long term trend-line resistance.

Resistance for the stock lies in the zone of 1010 to 1015 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.

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

ITC Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for ITC for the week  (May 22, 2017 – May 26, 2017) :

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 4.10%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 296 and close the week around the levels of 286.

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 where short term moving averages and break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 271 to 273 where the stock has taken multiple support.

Resistance for the stock lies in the zone of 293 to 295 where life time highs for the stock is lying. If the stock manages to close above these levels then the stock can move to the levels of 300 to 302.

Broad range for the stock in coming week is seen between 275 to 277 on downside & 294 to 296 on upside.

Cipla Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Cipla for the week  (May 22, 2017 – May 26, 2017) :

CIPLA:

 

CIPLA

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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 580 to 582 from where the stock broke down and short & medium term moving averages are lying. During the week the stock manages to hit a high of 572 and close the week around the levels of 565.

Minor support for the stock lies in the zone of 560 to 563. 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.

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 580 to 582 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 545 – 550 on downside & 580 – 585 on upside.

Dr. Reddy Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (May 22, 2017 – May 26, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 2.90%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 2600 to 2620. 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 2760 and close the week around the levels of 2656.

Support for the stock lies in the zone of 2620 to 2640. If the stock manages to close below these levels then the stock can drift to the levels of 2520 to 2560 where the stock has formed a short term bottom. 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 2550 – 2580 on downside & 2750 – 2780 on upside.

Lupin Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Lupin for the week  (May 22, 2017 – May 26, 2017) :

LUPIN:

 

LUPIN

 

Lupin closed the week on positive note gaining around 5.10%.

As we have mentioned last week that resistance for the stock lies in the zone of 1280 to 1300 from where the stock has broken down from the lows of March-2017. If the stock manages to close above these levels then the stock can move to the levels of 1330 to 1350. During the week the stock manages to hit a high of 1322 and close the week around the levels of 1318.

Minor support for the stock lies in the zone of 1280 to 1300. Support for the stock lies in the zone of 1240 to 1250 where the stock has formed a short term bottom. The stock has broken down on long term charts. Virtually no support lies for the stock. Long term support for the stock lies in the zone of 1000 to 1050.

Resistance for the stock lies in the zone of 1330 to 1350. If the stock manages to close above these levels then the stock can move to the levels of 1380 to 1400 from where the stock broke down from the triple bottom pattern.

Broad range for the stock in coming week can be seen from 1250 – 1260 on downside & 1350 – 1370 on upside.

Sun Pharma Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Sun Pharma for the week  (May 22, 2017 – May 26, 2017) :

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on negative note losing around 0.30%.

As we have mentioned last week that minor support for the stock lies in the zone of 640 to 645. Support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 643 and close the week around the levels of 653.

Minor support for the stock lies in the zone of 640 to 645. Support for the stock lies in the zone of 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 655 to 660 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 630 – 635 on lower side & 675 – 680 on upper side.

Wipro Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Wipro for the week  (May 22, 2017 – May 26, 2017) :

WIPRO:

 

WIPRO

 

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

As we have mentioned last week that 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 528 and close the week around the levels of 520.

Minor support for the stock lies in the zone of 513 to 515. Support for the stock lies in the zone of 500 to 502 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 490 to 495 where medium & 200 daily moving averages are lying.

Resistance for the stock lies in the zone of 525 to 530 from where the stock broke down in the month of August-2016. If the stock manages to close above these levels then the stock can move to the levels of 540 to 545 from where the stock broke down.

Broad range for the stock in the coming week is seen between 500 to 505 on downside & 540 to 545 on upside.

HCL Tech Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for HCL Tech for the week  (May 22, 2017 – May 26, 2017) :

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on negative note losing around 0.35%.

As we have mentioned last week that minor support for the stock lies in the zone of 835 to 840. Support for the stock lies in the zone of 820 to 825 where Fibonacci levels and break out levels are lying. 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 Daily moving averages are lying. During the week the stock manages to hit a low of 842 and close the week around the levels of 845.

Minor support for the stock lies in the zone of 835 to 840. Support for the stock lies in the zone of 820 to 825 where Fibonacci levels and break out levels are lying. 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 Daily moving averages are lying.

Resistance for the stock lies in the zone of 855 to 860 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 885 to 895 where Fibonacci levels and highs for the month of March-2017 are lying.

Broad range for the stock in the coming week is seen between 810 to 820 on downside & 870 to 875 on upside.

TCS Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for TCS for the week  (May 22, 2017 – May 26, 2017)  :

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on positive note gaining around 6.20%.

As we have mentioned last week that support for the stock lies in the zone of 2300 to 2320 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2240 to 2260 where trend-line joining lows of 2052 and 2153 are lying. During the week the stock manages to hit a low of 2342 and close the week around the levels of 2507.

Minor support for the stock lies in the zone of 2440 to 2460. Support for the stock lies in the zone of 2380 t0 2400 where Fibonacci levels and 200 Daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2300 to 2320 where Fibonacci levels are lying.

Minor resistance for the stock lies in the zone of 2520 to 2540. Resistance for the stock lies in the zone of 2580 to 2600 where the stock has formed a top in the month of March-2017. If the stock manages to close above these levels then the stock can move to the levels of 2630 to 2650.

Broad range for the stock in the coming week is seen between 2380 to 2400 on downside & 2580 to 2600 on upside.

Infosys Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Infosys for the week  (May 22, 2017 – May 26, 2017) :

INFOSYS:

 

INFY

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 970 to 980 where Fibonacci level and short & medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of around 990 to 1000 where Fibonacci level and 200 Daily moving averages are lying. During the week the stock manages to hit a high of 974 and close the week around the levels of 958.

Support for the stock lies in the zone of 945 to 952 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 930 to 935 where break out levels is lying.

Resistance for the stock lies in the zone of 970 to 980 where Fibonacci level and short & medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of around 990 to 1000 where Fibonacci level and 200 Daily moving averages are lying.

Broad range for the stock in the coming week is seen between 920 to 930 on downside & 980 to 990 on upside.

SBI Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for SBI for the week  (May 22, 2017 – May 26, 2017) :

STATE BANK OF INDIA:

 

SBIN

 

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

As we have mentioned last week that minor resistance for the stock lies in the 300 to 302. Resistance for the stock lies in the zone of 307 to 310 from where the stock has sold off in the month of March-2015 & May-2015. If the stock manages to close above these levels then the stock can move to the levels of 328 to 330 where trend-line joining earlier highs is lying. During the week the stock manages to hit a high of 315 and close the week around the levels of 308.

Minor support for the stock lies in the zone of 300 to 302. Support for the stock lies in the zone of 288 to 290 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 278 to 280 from where the stock broke out of February-2017 highs.

Resistance for the stock lies in the zone of 307 to 310 from where the stock has sold off in the month of March-2015 & May-2015. If the stock manages to close above these levels then the stock can move to the levels of 328 to 330 where trend-line joining earlier highs is lying.

Broad range for the stock in the coming week can be 295 to 298 on lower side & 318 to 320 on upper side.

Axis Bank Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (May 22, 2017 – May 26, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 0.30%.

As we have mentioned last week that minor support for the stock lies in the zone of 495 to 500. Support for the stock lies in the zone of 485 to 488 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 490 and close the week around the levels of 502.

Minor support for the stock lies in the zone of 495 to 500. Support for the stock lies in the zone of 485 to 488 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 510 to 513 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 the stock has formed a top in the month of February-2017 and March-2017.

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 (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for ICICI Bank for the week  (May 22, 2017 – May 26, 2017) :

ICICI BANK:

 

ICICIBANK

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 303 to 305. Resistance for the stock lies in the zone of 312 to 315 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 319 to 321 from where the stock sold off in the month of July-2015 & August-2015. During the week the stock manages to hit a high of 313 and close the week around the levels of 307.

Minor support for the stock lies in the zone of 300 to 302. Support for the stock lies in the zone of 293 to 295 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 282 to 284 where the stock has opened gap up.

Resistance for the stock lies in the zone of 312 to 315 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 319 to 321 from where the stock sold off in the month of July-2015 & August-2015.

Broad range for the stock in the coming week can be 290- 293 on lower side & 318 – 320 on upper side.

HDFC Bank Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for HDFC Bank for the week  (May 22, 2017 – May 26, 2017) :

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on positive note gaining around 0.60%.

As we have mentioned last week that minor support for the stock lies in the zone of 1530 to 1540. 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. During the week the stock manages to hit a lo w of 1542 and close the week around the levels of 1561.

Minor support for the stock lies in the zone of 1545 to 1550. 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.

Minor resistance for the stock lies in the zone of 1555 to 1560. Resistance for the stock lies in the zone of 1570 to 1580 where highs for the month of April-2017 is lying. If the stock manages to close above these levels then the stock can move to the levels of around 1600 to 1610.

Broad range for the stock in the coming week can be 1530 to 1540 on lower side & 1580 to 1590 on upper side.

Nifty Media Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for NIFTY MEDIA for the week  (May 22, 2017 – May 26, 2017) :

NIFTY MEDIA:

 

NIFTYMEDIA

 

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

As we have mentioned last week that minor support for the index lies in the zone of 3160 to 3180. Support for the index lies in the zone of 3100 to 3110 from where the index broke out after consolidation and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3030 to 3070 from where the index broke out of February-2017 highs. During the week the index manages to hit a low of 3102 and close the week around the levels of 3136.

Support for the index lies in the zone of 3100 to 3110 from where the index broke out after consolidation. If the index manages to close below these levels then the index can drift to the levels of 3030 to 3070 from where the index broke out of February-2017 highs.

Minor resistance for the index lies in the zone of 3160 to 3200. Resistance for the index lies in the zone of 3250 to 3300 where the index has made a double top pattern and Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 3390 to 3420.

Broad range for the index is seen between 3000 to 3030 on downside & 3250 to 3280 on upside.

Nifty Realty Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for NIFTY REALTY for the week  (May 22, 2017 – May 26, 2017) :

NIFTY REALTY:

 

NIFTYREALT

 

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

As we have mentioned last week that support for the index lies in the zone of 260 to 262 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 250 to 252 where the index has taken multiple support. During the week the index manages to hit a low of 259 and close the week around the levels of 264.50.

Support for the index lies in the zone of 260 to 262 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 250 to 252 where the index has taken multiple support.

Minor resistance for the index lies in the zone of 267 to 268. Resistance for the index lies in the zone of 272 to 273. If the index manages to close above these levels then the index can move to the levels of 280 to 282.

Broad range for the index is seen between 255 to 257 on downside & 272 to 275 on upside.

Nifty PSU Bank Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (May 22, 2017 – May 26, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on positive note gaining around 1.15%.

As we have mentioned last week that minor support for the index lies in the zone of 3680 to 3700. Support for the index lies in the zone of 3590 to 3620 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3470 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying. During the week the index manages to hit a low of 3715 and close the week around the levels of 3769.

Minor support for the index lies in the zone of 3700 to 3730. Support for the index lies in the zone of 3590 to 3620 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3470 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying.

Resistance for the index lies in the zone of 3780 to 3820 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 3980 to 4000.

Broad range for the index is seen between 3680 to 3700 on downside & 3850 to 3880 on upside.

Nifty Metal Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for NIFTY METAL for the week  (May 22, 2017 – May 26, 2017) :

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 2900 to 2920. Resistance for the index lies in the zone of 2980 to 3020 from where the index broke down after consolidation and 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 3130 to 3150. During the week the index manages to hit a high of 3042 and close the week around the levels of 2943.

Minor support for the index lies in the zone of 2875 to 2900. Support for the index lies in the zone of 2820 to 2840 where short term bottom and 200 Daily moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 2750 to 2780 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 2980 to 3020 from where the index broke down after consolidation and 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 3130 to 3150.

Broad range for the index is seen between 2800 to 2830 on downside & 3030 to 3050 on upside.

Nifty Energy Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (May 22, 2017 – May 26, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 12050 to 12150. 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. During the week the index manages to hit a high of 12180 and close the week around the levels of 11795.

Support for the index lies in the zone of 11600 to 11700 where Fibonacci level and highs for the month of February-2017 & March-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of around 11200 to 11300 where long term break out levels are lying.

Minor resistance for the index lies in the zone of 11900 to 12000. Resistance for the index lies in the zone of 12150 to 12200 where Fibonacci levels is lying. If the index manages to close above these levels then the index can move to the levels of around 12450 to 12500 where the index has formed a short term top.

Broad range for the index is seen between 11500 to 11550 on downside & 12000 to 12100 on upside.

Nifty Auto Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (May 22, 2017 – May 26, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 10450 to 10500 where the index has formed a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of around 10650 to 10750. During the week the index manages to hit a high of 10680 and close the week around the levels of 10410.

Minor support for the index lies in the zone of 10300 to 10350. Support for the index lies in the zone of 10100 to 10200 from where the index broke out of February-2017, 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 9900 to 9950 where short term moving averages are lying.

Resistance for the index lies in the zone of 10450 to 10500 where the index has formed a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of around 10650 to 10750.

Broad range for the index is seen from 10100 to 10200 on downside & 10600 to 10650 on upside.

Nifty Pharma Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for NIFTY Pharma for the week  (May 22, 2017 – May 26, 2017) :

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on positive note gaining around 0.30%.

As we have mentioned last week that resistance for the index lies in the zone of 10200 to 10250 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of around 10400 to 10450 where short & medium term moving averages are lying. During the week the index manages to hit a high of 10301 and close the week around the levels of 10156.

Minor support for the index lies in the zone of 10000 to 10050. Support for the index lies in the zone of 9800 to 9900 from where the index has bounced in the month of October-2014 and November-2016. If the index manages to close below these levels then the index can witness further free fall and virtually no support exit. The index can drift to the levels of 9700.

Resistance for the index lies in the zone of 10200 to 10250 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of around 10350 to 10400 where short & medium term moving averages are 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 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (May 22, 2017 – May 26, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

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

As we have mentioned last week that resistance for the index lies in the zone of 23800 to 24000 from where the index has broken down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 24500 to 24600 where Fibonacci extension is lying. During the week the index manages to hit a high of 24922 and close the week around the levels of 24353.

Minor support for the index lies in the zone of 24000 to 24100. Support for the index lies in the zone of 23500 to 23700 where break out levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 23000 to 23200 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 24500 to 24600 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 24900 to 25000.

Broad range for the index in the coming week is seen from 23300 to 23500 on downside & 24800 to 24900 on upside.

Nifty IT Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for NIFTY IT for the week  (May 22, 2017 – May 26, 2017) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week that resistance for the index lies in the zone of 10350 to 10400 where medium term moving averages & 200 Daily moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10550 to 10600 where trend-line resistance for the index is lying. During the week the index manages to hit a high of 10706 and close the week around the levels of 10456.

Support for the index lies in the zone of 10300 to 10350. Support for the index lies in the zone of 10150 to 10200 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9950 to 10000 where trend-line support for the index is lying.

Resistance for the index lies in the zone of 10550 to 10600 where trend-line resistance and Fibonacci levels for the index is lying. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 where highs for the month of March-2017 and Fibonacci levels are lying.

Broad range for the index in the coming week is seen from 10100 to 10200 on downside & 10600 to 10650 on upside.

Nifty Bank Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (May 22, 2017 – May 26, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on positive note gaining around 0.40%.

As we have mentioned last week that resistance for the index lies in the zone of 22900 to 23000. If the index manages to close above these levels then the index can move to the levels of around 23300 to 23400. During the week the index manages to hit a high of 22978 and close the week around the levels of 22770.

Minor support for the index lies in the zone of 22500 to 22600. Support for the index lies in the zone of 22000 to 22200 from where the index broke out of April-2017 highs and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 21400 to 21500 where the index has taken multiple support.

Resistance for the index lies in the zone of 22900 to 23000. If the index manages to close above these levels then the index can move to the levels of around 23300 to 23400.

Range for the week is seen from 22000 to 22100 on downside & 23100 to 23200 on upside.

Nifty Outlook for the Week (May 22, 2017 – May 26, 2017)

Equityandit’s Outlook for Nifty for week (May 22, 2017 – May 26, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor support for the index lies in the zone of 9350 to 9380. Support for the index lies in the zone of 9200 to 9250 where the index had opened gap up. If the index manages to close below these levels then the index can drift to the levels of 9070 to 9130 where Fibonacci levels and short term moving averages are lying. During the week the index manages to hit a low of 9391 and close the week around the levels of 9428.

Minor support for the index lies in the zone of 9350 to 9380. Support for the index lies in the zone of 9200 to 9250 where the index had opened gap up and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9070 to 9130 where Fibonacci levels.

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 9550 to 9600.

Broad range for the week is seen from 9200 on downside & 9600 on upside.

MCX Tips for – Friday, May 19, 2017

Gold (28705): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28544 levels. Traders can initiate long positions on every dip until Gold Future closes below 28544 levels.

Silver (38889):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38674  levels.

Crude (3203): 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 3091 levels.

Natural Gas (207.80): NG Future is trading into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG Future closes above 213.50 levels.

Copper (364.55): Copper has entered into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes below 355.95.

Zinc (164.45): 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 165.60 levels.

Lead (134.05): 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 136.45 levels.

Nickel (594.20):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 585.20 levels.

Aluminium (124.90):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 122.40 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, May 19, 2017

equitypandit_square

Market To Consolidate, SBI Result Today

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that Indian Stock Market would see sharp correction, so traders can book profits and hold cash in hand and exactly same happened. Indian Stock Market fell down sharply after negative opening and BankNifty saw lows right near EquityPandit’s predicted support levels of 22670. Traders, who followed EquityPandit’s advice might have booked huge profits and might have been saved from this downfall. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open positive. Technically, Nifty has now entered into negative zone whereas BankNifty is still in positive zone. BankNifty would enter into negative zone once it closes below 22685 levels on spot basis. Market would see some short covering rally (positive movement) after this sharp downfall but overall market has entered into consolidation mode and would see sideways movement for now. Market would see strong resistance near 9480-9500 levels whereas immediate support would be seen near 9400-9370 levels. Market would consolidate in this range for now. Traders should continue to hold cash in hand until Nifty closes above 9516 levels on closing basis. Once Nifty manages to close above 9516 levels, traders can initiate fresh long positions again. SBI, Union Bank and Tata Power to disclose its results today and it would affect Indian Stock Market For Today.

Also Check 3 Stocks To Watch Today

FIIs were net sellers of Rs.360.59 crores whereas DIIs were net buyers of Rs.897.96 crores in cash market for last trading session. Nifty would see strong support at 9400-9370 whereas strong resistance would be seen at 9450-9480-9500-9516 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: Aarti Industries, Abbott India, Dhanuka Agritech, Glaxosmithkline Pharma, Grasim Industries, HT Media, IFCI, Just Dial, KEC International, Kalpataru Power, Mahindra Holidays, Motherson Sumi, Sintex, SBI, Suzlon Energy, Tata Power, Titagarh Wagons, Union Bank Of India, V-Guard Industries and VRL Logistics.

NSE Nifty: (9429) The support for the Nifty is 9400-9370 and the resistance to the up move is at 9450-9480-9500-9516 levels.

NSE BankNifty: (22699) The support for BankNifty is at 22685-22629-22514-22470 and the resistance to the up move is at 22780-22834-22890-22980 levels.

BSE Sensex: (30435) The support for the Sensex is at 30400-30360-30277-30210 and the resistance to the up move is at 30580-30685-30740-30825 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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3 Stocks to watch on May 19, 2017

Watch out for the following 3 stocks on May 19, 2017.

1. INFY (CMP: 960.10)
Positional Recommendation: BUY on dips
Support Levels: 954, 946
Resistance Levels: 968, 976

2. PC JEWELLER (CMP: 446.60)
Positional Recommendation: SELL on rise
Support Levels: 439.40, 432.75
Resistance Levels: 449.65, 456.30

3. JUBLFOOD (CMP: 1014.10)
Positional Recommendation: SELL on rise
Support Levels: 1004.50, 990
Resistance Levels: 1026, 1041

Disclaimer:
The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from Technical analysis software deemed to be reliable but is not guaranteed as to accuracy and completeness. It is advisable to consult the appropriate experts before using the recommendations. Equitypandit should not be hold liable for any consequences. The information mentioned are for study purpose.

MCX Tips for – Thursday, May 18, 2017

Gold (28619): Gold Future has entered into positive zone and traders can hold long positions until Gold Future closes below 28183 levels. Traders can initiate long positions on every dip until Gold Future closes below 28183 levels.

Silver (39199):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38674  levels.

Crude (3156): 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 3045 levels.

Natural Gas (204.70): NG Future is trading into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG Future closes above 213.50 levels.

Copper (363.15): 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 364.00.

Zinc (164.35): 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 166.00 levels.

Lead (135.45): 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 137.45 levels.

Nickel (585.40):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 585.20 levels.

Aluminium (123.70):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 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.

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Share Market Tips for – Thursday, May 18, 2017

equitypandit_square

Market To See Correction, Book Profits And Hold Cash In Hand

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that market is in positive momentum and traders should hold long positions as of now. EquityPandit also predicted that Nifty would see immediate resistance at 9535 levels and exactly same happened. Nifty moved sharply positive and saw highs right at EquityPandit’s predicted resistance levels of 9535 like a dot. BankNifty also saw highs right at EquityPandit’s predicted resistance levels of 22980 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 gap negative. Technically, Indian Stock Market is still in positive zone but Nifty and BankNifty has formed HANGING MAN candlestick pattern with Stochastic in overbought region and it suggests that market would see sharp correction as of now. Once Nifty closes below 9486 levels and BankNifty closes below 22830 levels then market would see further correction in days to come. Traders should book their profits and wait for market to close above 9535 levels for Nifty and 22980 levels for BankNifty to go long again but until then market would remain in profit booking mode. Nifty would enter into negative zone once it closes below 9447 levels where fresh short positions can be initiated. For now, traders can book profits in their long positions and hold cash in hand until Nifty closes above 9535 levels.

Also Check 3 Stocks To Watch Today

FIIs were net sellers of Rs.731.39 crores whereas DIIs were net buyers of Rs.614.51 crores in cash market for last trading session. Nifty would see strong support at 9486-9470-9440-9400 whereas strong resistance would be seen at 9535-9550-9580-9600 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: Aditya Birla Nuvo, Bajaj Auto, Bajaj Holdings, Bank Of Baroda, CESC, Coffee Day, Cummins India, DB Corp, EID Parry, Hindustan Media Ventures, HSIL, IDBI Bank, Muthoot Finance, Pidilite Industries, Stride Shasun, Take Solutions, Tata Coffee and Triveni Turbine.

NSE Nifty: (9526) The support for the Nifty is 9486-9470-9440-9400 and the resistance to the up move is at 9535-9550-9580-9600 levels.

NSE BankNifty: (22936) The support for BankNifty is at 22880-22830-22730-22670-22629 and the resistance to the up move is at 22980-23060-23120-23240 levels.

BSE Sensex: (30659) The support for the Sensex is at 30520-30480-30400-30360 and the resistance to the up move is at 30685-30740-30825 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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3 Stocks to watch on May 18, 2017

Watch out for the following 3 stocks on May 18, 2017.

1. JUST DIAL (CMP: 524.30)
Positional Recommendation: BUY on dips
Support Levels: 520.50, 516.10
Resistance Levels: 529.50, 533.75

2. MINDTREE (CMP: 506.35)
Positional Recommendation: SELL on rise
Support Levels: 500.75, 494.40
Resistance Levels: 511.30, 516

3. HAVELLS (CMP: 509.45)
Positional Recommendation: SELL on rise
Support Levels: 504, 499.40
Resistance Levels: 514.40, 519.70

Disclaimer:
The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from Technical analysis software deemed to be reliable but is not guaranteed as to accuracy and completeness. It is advisable to consult the appropriate experts before using the recommendations. Equitypandit should not be hold liable for any consequences. The information mentioned are for study purpose.

MCX Tips for – Wednesday, May 17, 2017

Gold (28094): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28226 levels. Traders can initiate short positions on every rise until Gold Future closes above 28226 levels.

Silver (38744):  Silver has entered into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38192  levels.

Crude (3123): 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 3045 levels.

Natural Gas (206.30): NG Future has entered into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG Future closes above 217.95 levels.

Copper (362.45): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 364.00.

Zinc (163.05): 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 166.00 levels.

Lead (133.45): 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 137.45 levels.

Nickel (585.60):  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 585.20 levels.

Aluminium (123.45):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 121.35 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, May 17, 2017

equitypandit_square

Market Still In Positive Momentum, Hold Long Positions As Of Now

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that Market is strong until Nifty holds 9375 levels. EquityPandit also predicted that next target for Nifty is set to 9500 levels and exactly same happened. Nifty moved sharply positive and breached EquityPandit’s target of 9500 with high volumes. BankNifty saw lows right at EquityPandit’s predicted support levels of 22730 and moved sharply positive from there. Traders, who followed EquityPandit’s advice might have earned whopping profits for the day. Nifty saw new record highs for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone. Market is overstretched and some profit booking would be seen but Nifty would continue to see positive rally in a cyclic manner. Some immediate resistance would be seen at 9535-9554 levels but overall, market is in positive momentum and traders can continue to hold long positions until Nifty holds 9423 levels on closing basis. Market has generated a strong bullish candle yesterday that shows strength still lying in the trend. Next target for Nifty is set to 9550-9580 levels in upcoming days. Traders are suggested to hold long positions as of now. Also Check 4 Stocks To Watch Today

FIIs were net buyers of Rs.858.29 crores whereas DIIs were net sellers of Rs.401.89 crores in cash market for last trading session. Nifty would see strong support at 9500-9470-9420 whereas strong resistance would be seen at 9535-9550-9580-9600 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: Allahabad Bank, Bajaj Finance, Bajaj Finserv, Edelweiss Financial Services, Hindustan Copper, Hindustan Unilever, Indian Overseas Bank, JK Lakshmi Cement, JSW Steel, Mangalore Refinery & Petrochemicals, NIIT Ltd and United Breweries Ltd.

NSE Nifty: (9512) The support for the Nifty is 9500-9470-9420 and the resistance to the up move is at 9535-9550-9580-9600 levels.

NSE BankNifty: (22929) The support for BankNifty is at 22880-22730-22670-22629 and the resistance to the up move is at 22980-23060-23120-23240 levels.

BSE Sensex: (30582) The support for the Sensex is at 30530-30480-30400-30360 and the resistance to the up move is at 30600-30685-30740-30825 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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4 Stocks to watch on May 17, 2017

Watch out for the following 4 stocks on May 17, 2017.

1. INDUSIND BANK (CMP: 1437)
Positional Recommendation: BUY on dips
Support Levels: 1424.75, 1417.10
Resistance Levels: 1453.75, 1468.80

2. DISHTV (CMP: 100)
Positional Recommendation: BUY on dips
Support Levels: 98.50, 96.80
Resistance Levels: 101.30, 103.60

3. HINDPETRO (CMP: 542)
Positional Recommendation: BUY on dips
Support Levels: 538.50, 532.50
Resistance Levels: 548, 551

4. AMARAJABAT (CMP: 924.70)
Positional Recommendation: SELL on rise
Support Levels: 918, 911.50
Resistance Levels: 938, 946.80

Disclaimer:
The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from Technical analysis software deemed to be reliable but is not guaranteed as to accuracy and completeness. It is advisable to consult the appropriate experts before using the recommendations. Equitypandit should not be hold liable for any consequences. The information mentioned are for study purpose.

MCX Tips for – Tuesday, May 16, 2017

Gold (27992): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28226 levels. Traders can initiate short positions on every rise until Gold Future closes above 28226 levels.

Silver (38502):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38506  levels.

Crude (3149): 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 3038 levels.

Natural Gas (215.00): 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 211.50 levels.

Copper (361.55): 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 364.00.

Zinc (164.70): 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 168.65 levels.

Lead (136.35): 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 139.55 levels.

Nickel (587.10):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 585.20 levels.

Aluminium (122.25):  Aluminium has entered into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 120.60 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, May 16, 2017

equitypandit_square

Profit Booking To Be Seen But Market Strong Until Nifty Holds 9375

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive for the day. EquityPandit predicted that traders can hold long positions until Nifty holds 9367 levels and exactly same happened. Nifty saw highs right at EquityPandit’s predicted resistance levels of 9450 like a dot. Sensex also saw strong resistance near EquityPandit’s predicted resistance levels of 30367 levels. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone. Nifty would possess strong support near 9400 levels. Market would see reversal only if Nifty closes below 9375 levels. Market is ready for a big movement in either side. Some profit booking can’t be ruled out at this point of time as Nifty and BankNifty are near its major resistance levels. Technically, next target for Nifty is set to 9475-9500 but traders and investors should consider booking partial profits at this point of time and hold remaining quantity with stoploss of 9375 levels for Nifty on closing basis. Fresh Short can only be initiated if Nifty closes below 9375 levels. Tata Motors and PNB results Today. Also Check 4 Stocks To Watch Today

FIIs were net buyers of Rs.235.33 crores whereas DIIs were net sellers of Rs.65.77 crores in cash market for last trading session. Nifty would see strong support at 9420-9400-9370-9350whereas strong resistance would be seen at 9450-9475-9500-9550 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: Andhra Bank, Dishman Pharma, Minda Industries, Oracle Financial Services Software, PI Industries, PNB, Shree Cement, Sobha, Symphony, Tata Steel and Whirpool Of India Ltd.

NSE Nifty: (9445) The support for the Nifty is 9420-9400-9370-9350 and the resistance to the up move is at 9450-9475-9500-9550 levels.

NSE BankNifty: (22822) The support for BankNifty is at 22730-22670-22629-22500 and the resistance to the up move is at 22890-22980-23060 levels.

BSE Sensex: (30322) The support for the Sensex is at 30300-30270-30185-30110and the resistance to the up move is at 30367-30480-30540 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

4 Stocks to watch on May 16, 2017

Watch out for the following 4 stocks on May 16, 2017.

1. NMDC (CMP: 128.45)
Positional Recommendation: BUY on dips
Support Levels: 126.10, 124.30
Resistance Levels: 130, 132.65

 

2. TATA COMM (CMP: 687.05)
Positional Recommendation: BUY on dips
Support Levels: 680, 668.15
Resistance Levels: 694.60, 704.65

 

3. UPL (CMP: 837.25)
Positional Recommendation: BUY on dips
Support Levels: 831.10, 820.50
Resistance Levels: 846.50, 857.25

 

4. IDEA (CMP: 86.05)
Positional Recommendation: SELL on rise
Support Levels: 84.25, 83.65
Resistance Levels: 87.00, 88.62

 

 

Disclaimer:
The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from Technical analysis software deemed to be reliable but is not guaranteed as to accuracy and completeness. It is advisable to consult the appropriate experts before using the recommendations. Equitypandit should not be hold liable for any consequences. The information mentioned are for study purpose.

MCX Tips for – Monday, May 15, 2017

Gold (28005): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28226 levels. Traders can initiate short positions on every rise until Gold Future closes above 28226 levels.

Silver (38115):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38506  levels.

Crude (3066): 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 2995 levels.

Natural Gas (219.70): 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 211.50 levels.

Copper (359.80): 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 364.00.

Zinc (163.60): Zinc has entered into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc is trading below 169.10 levels.

Lead (136.30): 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 141.05 levels.

Nickel (599.20):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 585.20 levels.

Aluminium (121.20):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 122.05 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, May 15, 2017

equitypandit_square

Go Short Only If Nifty Closes Below 9367, Until Then Hold Long

 

Last Trading Session: Indian Stock Market closed negative for the second day in a row and saw lows right near EquityPandit’s predicted support levels of 9370. Nifty already achieved EquityPandit’s target of 9415 levels. Indian Stock Market fell down sharply and finally, closed negative for the day. Nifty was able to close above its crucial psychological levels of 9400.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market including Nifty, BankNifty and Sensex are still in positive zone. Nifty would enter into negative zone once it closes below 9367 levels whereas BankNifty would enter into negative zone if it closes below 22629 levels. Traders can hold long positions until Nifty manages to close above 9367 levels. Currently market is holding its important support levels of 9370-9350 for Nifty and until then trade is to go long at dips. Once Nifty closes below 9367 levels and BankNifty closes below 22629 levels, traders can initiate fresh short positions.

FIIs were net buyers of Rs.841.80 crores whereas DIIs were net sellers of Rs.710.83 crores in cash market for last trading session. Nifty would see strong support at 9400-9370-9350-9320 whereas strong resistance would be seen at 9438-9450-9500-9550 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: Bata India, Chennai Petroleum, Colgate-Palmolive, JK Tyre, Kajaria Ceramics, Polaris Consulting, South Indian Bank, Tube Investments and Vedanta Ltd.

NSE Nifty: (9401) The support for the Nifty is 9400-9370-9350-9320 and the resistance to the up move is at 9438-9450-9500-9550 levels.

NSE BankNifty: (22672) The support for BankNifty is at 22670-22629-22500-22440 and the resistance to the up move is at 22780-22860-22980-23060 levels.

BSE Sensex: (30188) The support for the Sensex is at 30185-30110-30060-30000 and the resistance to the up move is at 30300-30367-30480 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 (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Natural Gas for the week  (May 15, 2017 – May 19, 2017) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS (219.70) closed the week on positive note gaining around 4.50%.

As we have mentioned last week that minor support for the commodity lies in the zone of 207 to 208. 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. During the week the commodity manages to hit a low of 202 and close the week around the levels of 220.

Support for the commodity lies in the zone of 213 to 215 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 203 to 205 where Fibonacci level and 200 Daily moving averages are lying.

Resistance for the commodity lies in the zone of 221 to 223 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 226 to 228 from where the commodity broke down on weekly basis.

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 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (May 15, 2017 – May 19, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3066) closed the week on positive note gaining around 3.30%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 3000 to 3030. Resistance for the commodity lies in the zone of 3080 to 3100 where Fibonacci levels and break down levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3230 to 3250 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 3112 and close the week around the levels of 3066.

Minor support for the commodity lies in the zone of 3000 to 3030. Support for the commodity lies in the zone of 2880 to 2900 where the commodity has taken support in the month of September-2016 and November-2016. If the commodity manages to close below these levels then the commodity can drift to the levels of 2730 to 2750 where long term Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 3080 to 3100 where Fibonacci levels and break down levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3230 to 3250 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 2950 – 2980 on downside & 3150 – 3170 on upside.

Aluminium Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Aluminium for the week  (May 15, 2017 – May 19, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (121.20) closed the week on negative note losing around 0.70%.

As we have mentioned last week that support for the commodity lies in the zone of around 121 to 121.50 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120 to 120.50 where Fibonacci level is lying. During the week the commodity manages to hit a low of 120.35 and close the week around the levels of 121.20.

Support for the commodity lies in the zone of around 120 to 120.50 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 117.50 to 118 where Fibonacci level and 200 Daily moving averages are lying.

Resistance for the commodity lies in the zone of 121 to 121.50 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 123 to 123.50 where Fibonacci level and medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 119 – 120 on downside and 123 – 124 on upside.

Nickel Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Nickel for the week  (May 15, 2017 – May 19, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (599.20) closed the week on positive note gaining around 1.60%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 600 to 605. Resistance for the commodity lies in the zone of 630 to 635 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 medium term moving averages are lying. During the week the commodity manages to hit a high of 605 and close the week around the levels of 599.

Minor support for the commodity lies in the zone of 590 to 593. Support for the commodity lies in the zone of 570 to 580. If the commodity manages to close below these levels then the commodity can drift to the levels of around 540 to 550 where long term trend-line support for the commodity is lying.

Minor resistance for the commodity lies in the zone of 600 to 605. Resistance for the commodity lies in the zone of 630 to 635 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 medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 560 – 565 on downside & 620 – 625 on upside.

Lead Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Lead for the week  (May 15, 2017 – May 19, 2017) :

LEAD:

 

LEAD 1

 

LEAD (136.30) closed the week on negative note losing around 3.00%.

As we have mentioned last week that minor resistance for the commodity lies around 143 to 144. 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. During the week the commodity manages to hit a high of 143 and close the week around the levels of 136.

Support for the commodity lies in the zone of 136 to 138 where the commodity has formed a short term bottom. If the commodity manages to close below these levels then the commodity can witness a freefall up to the levels of 130 to 131.

Resistance for the commodity lies in the zone of 139 to 140 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 142 to 144 where Fibonacci level and 200 Daily moving averages are lying.

Broad range for the commodity in the coming week can be seen between 130 – 131 on downside & 141 – 142 on upside.

Zinc Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Zinc for the week  (May 15, 2017 – May 19, 2017) :

ZINC:

 

ZINC 1

 

ZINC (163.60) closed the week on a negative note losing around 1.90%.

As we have mentioned last week that 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. During the week the commodity manages to hit a high of 171 and close the week around the levels of 164.

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.

Minor resistance for the commodity lies in the zone of 166 to 167. 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 155 – 157 on downside & 175 – 177 on upside.

Copper Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Copper for the week  (May 15, 2017 – May 19, 2017) :

COPPER:

 

COPPER 1

 

COPPER (359.80) closed the week on negative note losing around 0.50%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 364 to 365. 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. During the week the commodity manages to hit a high of 365 and close the week around the levels of 360.

Minor support for the commodity lies in the zone of 354 to 356. Support for the commodity lies in the zone of 350 to 351 where long term Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 343 to 345.

Minor resistance for the commodity lies in the zone of 362 to 364. 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 350 – 352 on downside & 372 – 375 on upside.

Silver Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Silver for the week  (May 15, 2017 – May 19, 2017) :

SILVER:

 

SILVER 1

 

SILVER (38155) closed the week on negative note losing around 0.40%.

As we have mentioned last week that support for the commodity lies in the zone of 38300 to 38500 where the commodity has formed a bottom in the month of December-2016 and long term Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can witness a freefall and can drift to the levels of 35400 to 35500. During the week the commodity manages to hit a low of 37720 and close the week around the levels of 38155.

Support for the commodity lies in the zone of 37700 to 37800 where long term Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can witness a freefall and can drift to the levels of 35400 to 35500.

Minor resistance for the commodity lies in the zone of 38300 to 38500. Resistance for the commodity lies in the zone of 39000 to 39300 from where the commodity broke down. If the commodity manages to close above these levels then the commodity can move to the levels of 39800 to 40000 from where the commodity broke down from major support.

Broad range for the commodity in the coming week can be seen between 37100 – 37300 on downside & 39000 – 39200 on upside.

Gold Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Gold for the week  (May 15, 2017 – May 19, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28005) closed the week on negative note losing around 0.20%.

As we have mentioned last week that support for the commodity lies in the zone of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017. If the commodity manages to close below these levels then the commodity can witness a freefall and commodity can drift to the levels of 26800 to 26900 where the commodity has formed a bottom in the month of December-2016. During the week the commodity manages to hit a low of 27932 and close the week around the levels of 28005.

Support for the commodity lies in the zone of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017. If the commodity manages to close below these levels then the commodity can witness a freefall and commodity can drift to the levels of 26800 to 26900 where the commodity has formed a bottom in the month of December-2016.

Resistance for the commodity lies in the zone of 28200 to 28300 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28500 to 28600 where 200 Daily moving average is lying.

Broad range for the commodity in the coming week can be seen between 27500 – 27600 on downside & 28500 – 28600 on upside.

Colgate Palmolive Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week  (May 15, 2017 – May 19, 2017) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on absolutely flat note.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 981 and close the week around the levels of 1014.

Minor support for the stock lies in the zone of 1000 to 1005. 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.

Minor resistance for the stock lies in the zone of 1030 to 1035. Resistance for the stock lies in the zone of 1045 to 1055 where the stock has formed a short term top. 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 (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for DABUR for the week  (May 15, 2017 – May 19, 2017) :

DABUR:

 

DABUR

 

Dabur 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 275 to 277 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 281 to 283 where short term and 200 Daily moving averages are lying. During the week the stock manages to hit a high of 285 and close the week around the levels of 280.

Minor support for the stock lies in the zone of 273 to 276. Support for the stock lies in the zone of 267 to 269 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 262 where the stock has formed a bottom in the month of December-2016 and February-2017.

Resistance for the stock lies in the zone of 283 to 286 where 200 Daily moving averages and Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 292 to 295 where the stock has formed a top in the month of April-2017.

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

Hindustan Unilever Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week  (May 15, 2017 – May 19, 2017) :

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on positive note gaining around 2.80%.

As we have mentioned last week that support for the stock lies in the zone of 945 to 950 from where the stock broke out from July-2016 and September-2016 highs. If the stock manages to close below these levels then the stock can drift to the levels of 920 to 925 from where the stock broke out after consolidation. During the week the stock manages to hit a low of 946 and close the week around the levels of 980.

Minor support for the stock lies in the zone of 965 to 970. Support for the stock lies in the zone of 945 to 950 from where the stock broke out from July-2016 and September-2016 highs. If the stock manages to close below these levels then the stock can drift to the levels of 920 to 925 from where the stock broke out after consolidation.

Resistance for the stock lies in the zone of 990 to 1000 where Fibonacci level and life time highs for the stock is lying. If the stock manages to close above these levels then the stock can move to the levels of 1010 to 1015 where Fibonacci level is lying.

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

ITC Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for ITC for the week  (May 15, 2017 – May 19, 2017) :

ITC:

 

ITC

 

ITC 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 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 275.

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 & 284 to 286 on upside.

Cipla Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Cipla for the week  (May 15, 2017 – May 19, 2017) :

CIPLA:

 

CIPLA

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a high of 570 and close the week around the levels of 568.

Minor support for the stock lies in the zone of 560 to 563. 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.

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 580 to 582 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 545 – 550 on downside & 580 – 585 on upside.

Dr. Reddy Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (May 15, 2017 – May 19, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 0.80%.

As we have mentioned last week that 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 2522 and close the week around the levels of 2581.

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.

Minor resistance for the stock lies in the zone of 2600 to 2620. 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 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Lupin for the week  (May 15, 2017 – May 19, 2017) :

LUPIN:

 

LUPIN

 

Lupin closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 1280 to 1300 from where the stock has broken down from the lows of March-2017. If the stock manages to close above these levels then the stock can move to the levels of 1330 to 1350. During the week the stock manages to hit a high of 1285 and close the week around the levels of 1254.

The stock has broken down on long term charts. Virtually no support lies for the stock. Long term support for the stock lies in the zone of 1000 to 1050.

Resistance for the stock lies in the zone of 1280 to 1300 from where the stock has broken down from the lows of March-2017. If the stock manages to close above these levels then the stock can move to the levels of 1330 to 1350.

Broad range for the stock in coming week can be seen from 1200 – 1210 on downside & 1300 – 1310 on upside.

Sun Pharma Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Sun Pharma for the week  (May 15, 2017 – May 19, 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 640 to 642. 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 657 and close the week around the levels of 655.

Minor support for the stock lies in the zone of 640 to 645. 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 630 – 635 on lower side & 675 – 680 on upper side.

Wipro Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Wipro for the week  (May 15, 2017 – May 19, 2017) :

WIPRO:

 

WIPRO

 

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

As we have mentioned last week that support for the stock lies in the zone of 492 to 495 where Fibonacci level and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 480 to 485 from where the stock broke out after consolidation and medium term & 200 days moving averages are lying. During the week the stock manages to hit a low of 496 and close the week around the levels of 507.

Minor support for the stock lies in the zone of 501 to 503. Support for the stock lies in the zone of 492 to 495 where Fibonacci level 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 & 200 days moving averages are lying.

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 490 to 495 on downside & 520 to 525 on upside.

HCL Tech Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for HCL Tech for the week  (May 15, 2017 – May 19, 2017) :

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on positive note gaining around 2.80%.

As we have mentioned last week that resistance for the stock lies in the zone of 835 to 840 where short & medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 855 to 860 where Fibonacci level is lying. During the week the stock manages to hit a high of 859 and close the week around the levels of 848.

Minor support for the stock lies in the zone of 835 to 840. Support for the stock lies in the zone of 820 to 825 where Fibonacci levels and break out levels are lying. 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 Daily moving averages are lying.

Resistance for the stock lies in the zone of 855 to 860 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 885 to 895 where Fibonacci levels and highs for the month of March-2017 are lying.

Broad range for the stock in the coming week is seen between 810 to 820 on downside & 870 to 875 on upside.

TCS Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for TCS for the week  (May 15, 2017 – May 19, 2017)  :

TATA CONSULTANCY SERVICES:

 

TCS

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 2290 to 2300. Support for the stock lies in the zone of 2240 to 2260 where 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. During the week the stock manages to hit a low of 2316 and close the week around the levels of 2361.

Support for the stock lies in the zone of 2300 to 2320 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2240 to 2260 where trend-line joining lows of 2052 and 2153 are lying.

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 2280 to 2300 on downside & 2420 to 2440 on upside.

Infosys Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Infosys for the week  (May 15, 2017 – May 19, 2017) :

INFOSYS:

 

INFY

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 966 and close the week around the levels of 964.

Support for the stock lies in the zone of 945 to 952 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 930 to 935 where break out levels is lying.

Resistance for the stock lies in the zone of 970 to 980 where Fibonacci level and short & medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of around 990 to 1000 where Fibonacci level and 200 Daily moving averages are lying.

Broad range for the stock in the coming week is seen between 930 to 940 on downside & 990 to 1000 on upside.

SBI Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for SBI for the week  (May 15, 2017 – May 19, 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 stock lies in the 300 to 302. Resistance for the stock lies in the zone of 307 to 310 from where the stock has sold off in the month of March-2015 & May-2015. If the stock manages to close above these levels then the stock can move to the levels of 328 to 330 where trend-line joining earlier highs is lying. During the week the stock manages to hit a high of 303 and close the week around the levels of 298.

Minor support for the stock lies in the zone of 293 to 295. Support for the stock lies in the zone of 288 to 290 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 278 to 280 from where the stock broke out of February-2017 highs and short term moving averages are lying.

Minor resistance for the stock lies in the 300 to 302. Resistance for the stock lies in the zone of 307 to 310 from where the stock has sold off in the month of March-2015 & May-2015. If the stock manages to close above these levels then the stock can move to the levels of 328 to 330 where trend-line joining earlier highs is lying.

Broad range for the stock in the coming week can be 285 to 287 on lower side & 308 to 310 on upper side.

Axis Bank Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (May 15, 2017 – May 19, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 0.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 513 to 516 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 the stock has formed a top in the month of February-2017 and March-2017. During the week the stock manages to hit a high of 535 and close the week around the levels of 503.

Minor support for the stock lies in the zone of 495 to 500. Support for the stock lies in the zone of 485 to 488 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 510 to 513 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 the stock has formed a top in the month of February-2017 and March-2017.

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 (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for ICICI Bank for the week  (May 15, 2017 – May 19, 2017) :

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on negative note losing around 0.70%.

As we have mentioned last week that minor support for the stock lies in the zone of 290 to 292. Support for the stock lies in the zone of 282 to 284 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 275 to 277 from where the stock broke out of declining trend-line resistance. During the week the stock manages to hit a low of 293 and close the week around the levels of 297.

Minor support for the stock lies in the zone of 290 to 292. Support for the stock lies in the zone of 282 to 284 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 275 to 277 from where the stock broke out of declining trend-line resistance.

Minor resistance for the stock lies in the zone of 303 to 305. Resistance for the stock lies in the zone of 312 to 315 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 319 to 321 from where the stock sold off in the month of July-2015 & August-2015.

Broad range for the stock in the coming week can be 285- 287 on lower side & 308 – 310 on upper side.

HDFC Bank Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for HDFC Bank for the week  (May 15, 2017 – May 19, 2017) :

HDFC BANK:

 

HDFCBANK

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 1555 to 1560. 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. During the week the stock manages to hit a high of 1560 and close the week around the levels of 1552.

Minor support for the stock lies in the zone of 1530 to 1540. 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.

Minor resistance for the stock lies in the zone of 1555 to 1560. 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 1520 to 1530 on lower side & 1580 to 1590 on upper side.

Nifty Media Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for NIFTY MEDIA for the week  (May 15, 2017 – May 19, 2017) :

NIFTY MEDIA:

 

NIFTYMEDIA

 

Nifty Media index closed the week on positive note gaining around 2.90%.

As we have mentioned last week that support for the index lies in the zone of 3100 to 3110 from where the index broke out after consolidation and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3030 to 3070 from where the index broke out of February-2017 highs. During the week the index manages to hit a low of 3094 and close the week around the levels of 3210.

Minor support for the index lies in the zone of 3160 to 3180. Support for the index lies in the zone of 3100 to 3110 from where the index broke out after consolidation and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3030 to 3070 from where the index broke out of February-2017 highs.

Resistance for the index lies in the zone of 3250 to 3300 where the index has made a double top pattern and Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 3390 to 3420.

Broad range for the index is seen between 3100 to 3130 on downside & 3300 to 3330 on upside.

Nifty Realty Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for NIFTY REALTY for the week  (May 15, 2017 – May 19, 2017) :

NIFTY REALTY:

 

NIFTYREALT

 

Nifty REALTY index closed the week on positive note gaining around 5.50%.

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 272 and close the week around the levels of 269.50.

Support for the index lies in the zone of 260 to 262 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 250 to 252 where the index has taken multiple support.

Resistance for the index lies in the zone of 272 to 273. If the index manages to close above these levels then the index can move to the levels of 280 to 282.

Broad range for the index is seen between 260 to 262 on downside & 282 to 285 on upside.

Nifty PSU Bank Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (May 15, 2017 – May 19, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index 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 3620 to 3650. 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 3691 and close the week around the levels of 3726.

Minor support for the index lies in the zone of 3680 to 3700. Support for the index lies in the zone of 3590 to 3620 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3470 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying.

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

Broad range for the index is seen between 3600 to 3630 on downside & 3800 to 3830 on upside.

Nifty Metal Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for NIFTY METAL for the week  (May 15, 2017 – May 19, 2017) :

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL 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 2900 to 2920. 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 2947 and close the week around the levels of 2912.

Minor support for the index lies in the zone of 2875 to 2900. Support for the index lies in the zone of 2750 to 2800 where Fibonacci levels and 200 Daily moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 2680 to 2700.

Minor resistance for the index lies in the zone of 2900 to 2920. Resistance for the index lies in the zone of 2980 to 3020 from where the index broke down after consolidation and 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 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 (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (May 15, 2017 – May 19, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 12050 to 12150. 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. During the week the index manages to hit a high of 12169 and close the week around the levels of 12018.

Minor support for the index lies in the zone of 11820 to 11870. Support for the index lies in the zone of 11600 to 11700 where short term moving averages and Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of around 11200 to 11300 from where the index broke out in the month of February-2017.

Minor resistance for the index lies in the zone of 12050 to 12150. 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 11700 to 11750 on downside & 12250 to 12300 on upside.

Nifty Auto Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (May 15, 2017 – May 19, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 10200 to 10250. 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. During the week the index manages to hit a high of 10461 and close the week around the levels of 10429.

Minor support for the index lies in the zone of 10300 to 10350. Support for the index lies in the zone of 10100 to 10200 from where the index broke out of February-2017, 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 9900 to 9950 where short term moving averages are lying.

Resistance for the index lies in the zone of 10450 to 10500 where the index has formed a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of around 10650 to 10750.

Broad range for the index is seen from 10100 to 10200 on downside & 10600 to 10650 on upside.

Nifty Pharma Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for NIFTY Pharma for the week  (May 15, 2017 – May 19, 2017) :

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA 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 10000 to 10050. Resistance for the index lies in the zone of 10200 to 10250 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of around 10400 to 10450 where short & medium term moving averages are lying. During the week the index manages to hit a high of 10197 and close the week around the levels of 10121.

Minor support for the index lies in the zone of 10000 to 10050. Support for the index lies in the zone of 9800 to 9900 from where the index has bounced in the month of October-2014 and November-2016. If the index manages to close below these levels then the index can witness further free fall and virtually no support exit. The index can drift to the levels of 9700.

Resistance for the index lies in the zone of 10200 to 10250 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of around 10400 to 10450 where short & medium term moving averages are 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 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (May 15, 2017 – May 19, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

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

As we have mentioned last week that minor support for the index lies in the zone of 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. During the week the index manages to hit a low of 23386 and close the week around the levels of 23967.

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 23800 to 24000 from where the index has broken down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 24500 to 24600 where Fibonacci extension is lying.

Broad range for the index in the coming week is seen from 23000 to 23100 on downside & 24600 to 24700 on upside.

Nifty IT Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for NIFTY IT for the week  (May 15, 2017 – May 19, 2017) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week that 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 10500 where medium term moving averages and Fibonacci level is lying. During the week the index manages to hit a high of 10373 and close the week around the levels of 10368.

Minor support for the index lies in the zone of 10250 to 10300. Support for the index lies in the zone of 10150 to 10200 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9950 to 10000 where trend-line support for the index is lying.

Resistance for the index lies in the zone of 10350 to 10400 where medium term moving averages & 200 Daily moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10550 to 10600 where trend-line resistance for the index is lying.

Broad range for the index in the coming week is seen from 10000 to 10100 on downside & 10500 to 10550 on upside.

Nifty Bank Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (May 15, 2017 – May 19, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank 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 22800 to 22900. If the index manages to close above these levels then the index can move to the levels of around 23300 to 23400. During the week the index manages to hit a high of 22978 and close the week around the levels of 22672.

Minor support for the index lies in the zone of 22450 to 22500. 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 22900 to 23000. If the index manages to close above these levels then the index can move to the levels of around 23300 to 23400.

Range for the week is seen from 22000 to 22100 on downside & 23000 to 23100 on upside.

Nifty Outlook for the Week (May 15, 2017 – May 19, 2017)

Equityandit’s Outlook for Nifty for week (May 15, 2017 – May 19, 2017):

NIFTY:

 

NIFTY

 

Nifty 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 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. During the week the index manages to hit a high of 9451 and close the week around the levels of 9401.

Minor support for the index lies in the zone of 9350 to 9380. Support for the index lies in the zone of 9200 to 9250 where the index had opened gap up. If the index manages to close below these levels then the index can drift to the levels of 9070 to 9130 where Fibonacci levels and short term moving averages are lying.

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 9200 on downside & 9600 on upside.

MCX Tips for – Friday, May 12, 2017

Gold (28004): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28226 levels. Traders can initiate short positions on every rise until Gold Future closes above 28226 levels.

Silver (37992):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38506  levels.

Crude (3089): 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 2995 levels.

Natural Gas (217.80): 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 208.20 levels.

Copper (358.85): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 364.00.

Zinc (166.35): 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 165.25 levels.

Lead (139.95): 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 142.00 levels.

Nickel (598.40):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 583.95 levels.

Aluminium (120.85):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 122.05 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

MCX Tips for – Thursday, May 11, 2017

Gold (27996): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28265 levels. Traders can initiate short positions on every rise until Gold Future closes above 28265 levels.

Silver (37952):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38506  levels.

Crude (3083): Crude has entered into positive zone. Traders should initiate long positions on every dip. For now traders can hold long position until Crude future closes below 2941 levels.

Natural Gas (213.40): 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 205.45 levels.

Copper (358.00): 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 364.00.

Zinc (167.75): 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 165.25 levels.

Lead (141.70): 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 142.00 levels.

Nickel (591.00):  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 581.00 levels.

Aluminium (120.60):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 122.05 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

MCX Tips for – Wednesday, May 10, 2017

Gold (27971): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28265 levels. Traders can initiate short positions on every rise until Gold Future closes above 28265 levels.

Silver (37789):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38506  levels.

Crude (2969): 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 3015 levels.

Natural Gas (209.70): 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 204.15 levels.

Copper (359.10): 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 364.00.

Zinc (168.90): 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 165.25 levels.

Lead (140.50): 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 142.00 levels.

Nickel (597.00):  Nickel has entered into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 581.00 levels.

Aluminium (121.05):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 122.70 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

MCX Tips for – Tuesday, May 09, 2017

Gold (28091): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28350 levels. Traders can initiate short positions on every rise until Gold Future closes above 28350 levels.

Silver (38011):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38506  levels.

Crude (2980): 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 3015 levels.

Natural Gas (204.20): 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 204.15 levels.

Copper (356.65): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 364.00.

Zinc (166.85): 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 167.35 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 142.00 levels.

Nickel (589.70):  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 595.95 levels.

Aluminium (120.90):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 122.80 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

MCX Tips for – Monday, May 08, 2017

Gold (28072): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28371 levels. Traders can initiate short positions on every rise until Gold Future closes above 28371 levels.

Silver (38305):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38506  levels.

Crude (2969): 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 3015 levels.

Natural Gas (210.20): 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 204.15 levels.

Copper (361.45): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 366.50.

Zinc (166.70): 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 167.35 levels.

Lead (140.45): 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 143.05 levels.

Nickel (589.70):  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 595.95 levels.

Aluminium (122.05):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 124.10 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

Natural Gas Outlook for the Week (May 08, 2017 – May 12, 2017)

EquityPandit’s Outlook for Natural Gas for the week  (May 08, 2017 – May 12, 2017) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS (210.20) 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 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. During the week the commodity manages to hit a low of 204 and close the week around the levels of 210.

Minor support for the commodity lies in the zone of 207 to 208. 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 08, 2017 – May 12, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (May 08, 2017 – May 12, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (2969) closed the week on a negative note losing around 6.50%.

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 2839 and close the week around the levels of 2969.

Support for the commodity lies in the zone of 2880 to 2900 where the commodity has taken support in the month of September-2016 and November-2016. Support for the commodity lies in the zone of 2730 to 2750 where long term Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can witness a freefall and can drift to the levels of 2630 to 2650 where the commodity has formed a bottom in the month of August-2016.

Minor resistance for the commodity lies in the zone of 3000 to 3030. Resistance for the commodity lies in the zone of 3080 to 3100 where Fibonacci levels and break down levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3230 to 3250 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 2770 – 2800 on downside & 3050 – 3070 on upside.

Aluminium Outlook for the Week (May 08, 2017 – May 12, 2017)

EquityPandit’s Outlook for Aluminium for the week  (May 08, 2017 – May 12, 2017) :

ALUMINIUM: