MCX Tips for – Friday, June 30, 2017

Gold (28608): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28646 levels. Traders can initiate short positions on every rise until Gold Future closes above 28646 levels.

Silver (38599):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38249  levels.

Crude (2918): 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 2854 levels.

Natural Gas (198.80): 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 195.00 levels.

Copper (383.85): 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 376.70.

Zinc (178.20): 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 174.40 levels.

Lead (148.75): Lead is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Lead is trading above 146.00 levels.

Nickel (598.10):  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 586.85 levels.

Aluminium (123.60):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 121.55 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, June 30, 2017

equitypandit_square

Continue Short Positions Until Nifty Holds 9568 Levels On Closing Basis

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that sharp bounce would be seen but positive trend would be confirmed only if Nifty closes above 9568 levels but until then traders should remain cautious and exactly same happened. Indian Stock Market moved sharply positive as per EquityPandit’s predictions but was not able to hold EquityPandit’s reversal levels of 9568 and fell down sharply. Sensex saw lows right at EquityPandit’s predicted support levels of 30795 like a dot. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market would open gap negative. Technically, Analysis would still remain same and Indian Stock Market, including Nifty, BankNifty and Sensex is still in negative zone. US market has seen a sharp downfall in last trading session and Indian Stock Market would follow it. We would see further downfall and breaching levels of 9475 would force Nifty to see levels of 9440-9400. Traders should continue to hold short positions until Nifty closes above 9568 levels in upper region. If Nifty is able to hold 9475 levels then we may see some bounce in the market but overall market is bearish until Nifty holds 9568 in upper region on closing basis

Also Check 3 Stocks to watch Today

FIIs were net sellers of Rs.1140.77 crores whereas DIIs were net buyers of Rs.600.23 crores in cash market for last trading session. Nifty would see strong support at 9475-9440-9400-9370 whereas strong resistance would be seen at 9568-9580-9620-9637 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (9504) The support for the Nifty is 9475-9440-9400-9370 and the resistance to the up move is at 9568-9580-9620-9637 levels.

NSE BankNifty: (23227) The support for BankNifty is at 23110-23040-22945-22830 and the resistance to the up move is at 23367-23475-23540 levels.

BSE Sensex: (30857) The support for the Sensex is at 30795-30712-30660-30515 and the resistance to the up move is at 31000-31061-30110-31225 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 June 30, 2017

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

1. RAMCOCEM (CMP: 676)
– Daily Recommendation: SELL on rise
– Support Levels: 669.70, 663.60
– Resistance Levels: 679.50, 685.70

2. CADILAHC (CMP: 521)
– Daily Recommendation: SELL on rise
 Support Levels: 515.40, 509.80
 Resistance Levels: 524.70, 529.45

3. AMBUJACEM (CMP: 247)
– Daily Recommendation: BUY on dips
– Support Levels: 244.40, 241.90
– Resistance Levels: 249.10, 251.30

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 – Thursday, June 29, 2017

Gold (28567): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28646 levels. Traders can initiate short positions on every rise until Gold Future closes above 28646 levels.

Silver (38704):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38249  levels.

Crude (2892): 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 2804 levels.

Natural Gas (199.80): 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 194.75 levels.

Copper (378.80): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes  below 372.10.

Zinc (176.75): 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 173.50 levels.

Lead (147.70): Lead is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Lead is trading above 144.40 levels.

Nickel (593.70):  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 580.10 levels.

Aluminium (121.85):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 120.30 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.

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Thursday, June 29, 2017

equitypandit_square

Sharp Bounce Expected Today, Positive Trend Confirmation Only If Nifty Closes Above 9568

 

Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that Indian Stock Market is still in negative zone and traders can go short at every positive rally or hold short positions until Nifty holds below 9560 and exactly same happened. Indian Stock Market moved positive but was not able to hold in positive region and fell down sharply. Nifty saw support right at EquityPandit’s predicted support levels of 9475 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 positive. Technically, Analysis would still remain same and Indian Stock Market, including Nifty, BankNifty and Sensex is still in negative zone. Today is F&O Expiry and we would see huge swing in the market. Nifty has witnessed strong support near 9475 levels and hence there is strong chance of bounce back from the current levels on expiry and hence traders should remain cautious for today. Market would enter into positive zone only if it closes above 9568 for Nifty and 23458 levels for BankNifty. But If Nifty breaches levels of 9475 levels on downside with volumes, we would see it falling down near to 9440 levels.

Also Check 3 Stocks to watch Today

FIIs were net sellers of Rs.469.09 crores whereas DIIs were net buyers of Rs.168.97 crores in cash market for last trading session. Nifty would see strong support at 9475-9440-9400-9370 whereas strong resistance would be seen at 9568-9580-9620-9637 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (9491) The support for the Nifty is 9475-9440-9400-9370 and the resistance to the up move is at 9568-9580-9620-9637 levels.

NSE BankNifty: (23236) The support for BankNifty is at 23110-23040-22945-22830 and the resistance to the up move is at 23367-23475-23540 levels.

BSE Sensex: (30834) The support for the Sensex is at 30795-30712-30660-30515 and the resistance to the up move is at 31000-31061-30110-31225 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 June 29, 2017

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

1. INOXWIND (CMP: 142.50)
– Daily Recommendation: BUY on dips
– Support Levels: 141.30, 139
– Resistance Levels: 144.80, 146

2. TECHM (CMP: 392.25)
– Daily Recommendation: BUY on dips
Support Levels: 388.50, 383.50
Resistance Levels: 397.50, 402.70

3. HINDALCO (CMP: 189.85)
– Daily Recommendation: BUY on dips
– Support Levels: 187.75, 185.20
– Resistance Levels: 192.50, 197.50

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 – Wednesday, June 28, 2017

Gold (28553): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28646 levels. Traders can initiate short positions on every rise until Gold Future closes above 28646 levels.

Silver (38355):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38589  levels.

Crude (2860): 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 2777 levels.

Natural Gas (195.80): 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 190.60 levels.

Copper (376.65): 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 369.75.

Zinc (177.55): 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 172.65 levels.

Lead (146.90): Lead is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Lead is trading above 142.80 levels.

Nickel (593.00):  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 576.70 levels.

Aluminium (121.30):  Aluminium has entered into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 119.20 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Wednesday, June 28, 2017

equitypandit_square

Nifty To See Strong Resistance At 9560-9580, Hold Short For Now

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that some short covering rally can be seen but traders should go short at every positive rally in the market with target of 9475 levels for Nifty and exactly same happened. Indian Stock Market moved positive while opening but saw strong resistance right near EquityPandit’s predicted resistance levels of 9620 for Nifty. Market fell down sharply from there and saw lows right at EquityPandit’s predicted targets of 9475 levels like a dot. Traders, who followed EquityPandit’s advice might have earned whopping profits for the day. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open negative. Technically, Indian Stock Market, including Nifty, BankNifty and Sensex is still in negative zone. Nifty managed to close above 9500 levels in last trading session. Now 9560 would act as immediate resistance for Nifty where it has taken support since last 1 month. Since, We are heading towards F&O Expiry and hence we may see volatility but still every positive rally would be considered as shorting opportunity until Nifty holds below 9560 levels. Traders should hold short positions for now. Breaching 9473, would force Nifty to move towards next logical targets of 9440-9400-9370.

Also Check 3 Stocks to watch Today

FIIs were net buyers of Rs.292.11 crores whereas DIIs were net sellers of Rs.148.54 crores in cash market for last trading session. Nifty would see strong support at 9475-9440-9400-9370 whereas strong resistance would be seen at 9560-9580-9620-9637 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (9511) The support for the Nifty is 9475-9440-9400-9370 and the resistance to the up move is at 9560-9580-9620-9637 levels.

NSE BankNifty: (23216) The support for BankNifty is at 23040-22945-22830-22727 and the resistance to the up move is at 23245-23367-23475-23440 levels.

BSE Sensex: (30958) The support for the Sensex is at 30845-30712-30660-30515 and the resistance to the up move is at 31061-30110-31225-31345 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 June 28, 2017

Watch out for the following 3 stocks on June 28, 2017.

1. CENTURYPLY (CMP: 291)
– Daily Recommendation: SELL on rise
– Support Levels: 287.50, 282.20
– Resistance Levels: 294.50, 300.80

2. NCC (CMP: 88.60)
– Daily Recommendation: SELL on rise
Support Levels: 87.50, 86
Resistance Levels: 90.10, 91.50

3. BAJFINANCE (CMP: 1350)
– Daily Recommendation: SELL on rise
– Support Levels: 1333, 1324
– Resistance Levels: 1361, 1369

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, June 27, 2017

Gold (28510): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28646 levels. Traders can initiate short positions on every rise until Gold Future closes above 28646 levels.

Silver (38304):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38589  levels.

Crude (2801): 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 2846 levels.

Natural Gas (194.40): 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 187.95 levels.

Copper (373.30): 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 367.85.

Zinc (174.65): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc is trading above 171.80 levels.

Lead (144.30): Lead is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Lead is trading above 141.55 levels.

Nickel (579.60):  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 576.20 levels.

Aluminium (120.00):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 120.90 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, June 27, 2017

equitypandit_square

Nifty Bearish Until It Closes Above 9667, Go Short At Positive Rally

 

Last Trading Session: Indian Stock Market opened flat with positive bias for the day. EquityPandit predicted that Traders can go long at dips until Nifty closes below 9602. EquityPandit also predicted that traders can initiate fresh short positions below 9600 levels. Indian Stock Market opened flat and saw highs right near EquityPandit’s predicted resistance levels of 9650 for Nifty. Nifty was not able to hold above EquityPandit’s predicted resistance levels and saw a sharp downfall. Market fell below EquityPandit’s predicted reversal levels and saw lows right above EquityPandit’s predicted support levels of 9560. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market, including Nifty, BankNifty and Sensex has entered into negative zone. Market has developed a long bearish candle and that suggest some nervousness among the bulls. Now, If Nifty breaches levels of 9560, it can move further negative towards 9520-9500-9470 levels. Some short covering rally can be seen after a sharp downfall on Friday but Nifty has now stiff resistance near 9620-9667 levels. Nifty would enter into positive zone only if Nifty closes above 9667 levels and until then bears would be in power and traders can go short at every positive rally in the market.

Also Check 3 Stocks to watch Today

FIIs were net buyers of Rs.269.95 crores whereas DIIs were net sellers of Rs.45.78 crores in cash market for last trading session. Nifty would see strong support at 9560-9520-9475 whereas strong resistance would be seen at 9620-9651-9667-9688 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (9575) The support for the Nifty is 9560-9520-9475 and the resistance to the up move is at 9620-9651-9667-9688 levels.

NSE BankNifty: (23543) The support for BankNifty is at 23475-23440-23380-23240 and the resistance to the up move is at 23580-23630-23708-23800 levels.

BSE Sensex: (31138) The support for the Sensex is at 31060-31025-30940-30865 and the resistance to the up move is at 31225-31345-31380-31430 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 June 27, 2017

Watch out for the following 3 stocks on June 27, 2017.

1. HIMATSEIDE (CMP: 352.60)
– Daily Recommendation: BUY on dips
– Support Levels: 348, 345
– Resistance Levels: 356.30, 360.80

2. TEXRAIL (CMP: 90.10)
– Daily Recommendation: BUY on dips
Support Levels: 89.30, 88.10
Resistance Levels: 92.20, 93.50

3. TATACHEM (CMP: 606)
– Daily Recommendation: SELL on rise
– Support Levels: 597, 588
– Resistance Levels: 610, 616

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 (June 26, 2017 – June 30, 2017)

EquityPandit’s Outlook for Natural Gas for the week  (June 26, 2017 – June 30, 2017) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS (189) closed the week on negative note losing around 3.50%.

As we have mentioned last week that minor support for the commodity lies in the zone of 193 to 194. Support for the commodity lies in the zone of 189 to 190 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 185 to 186 where long term Fibonacci levels are lying. Below these levels the commodity can drift to the levels of 178 to 180. During the week the commodity manages to hit a low of 184 and close the week around the levels of 189.

Support for the commodity lies in the zone of 185 to 186 where long term Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 178 to 180.

Minor resistance for the commodity lies in the zone of 191 to 193. Resistance for the commodity lies in the zone of 200 to 202 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can move to the levels of 205 to 207 where 200 Daily moving averages are lying.

Broad range for the commodity in the coming week can be seen between 178 – 180 on downside & 200 – 202 on upside.

Crude Oil Outlook for the Week (June 26, 2017 – June 30, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (June 26, 2017 – June 30, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (2777) closed the week on negative note losing around 3.50%.

As we have mentioned last week that support for the commodity lies in the zone of 2830 to 2880 where the commodity has taken support in the month of November-2016 and May-2017. If the commodity manages to close below these levels then the commodity can witness a freefall and can drift to the levels of 2600 to 2650. During the week the commodity manages to hit a low of 2732 and close the week around the levels of 2777.

Support for the commodity lies in the zone of 2700 to 2730. If the commodity manages to close below these levels then the commodity can witness a freefall and can drift to the levels of 2600 to 2650.

Resistance for the commodity lies in the zone of 2800 to 2830 where the commodity has taken support in the month of May-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 2880 to 2900 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 2600 – 2630 on downside & 2870 – 2900 on upside.

Aluminium Outlook for the Week (June 26, 2017 – June 30, 2017)

EquityPandit’s Outlook for Aluminium for the week  (June 27, 2017 – June 30, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (120.00) 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 around 119 to 120 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 117.50 to 118 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 120 and close the week around the levels of 120.

Support for the commodity lies in the zone of around 119 to 120 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 117.50 to 118 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 121 to 121.50 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 123.00 to 123.50 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 117 – 118 on downside and 122 – 123 on upside.

Nickel Outlook for the Week (June 26, 2017 – June 30, 2017)

EquityPandit’s Outlook for Nickel for the week  (June 26, 2017 – June 30, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (584.60) 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 567 to 569. Support for the commodity lies in the zone of 555 to 560 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. During the week the commodity manages to hit a low of 568 and close the week around the levels of 585.

Minor support for the commodity lies in the zone of 575 to 578. Support for the commodity lies in the zone of 555 to 560 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 595 to 600. 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 & 600 – 605 on upside.

Lead Outlook for the Week (June 26, 2017 – June 30, 2017)

EquityPandit’s Outlook for Lead for the week  (June 27, 2017 – June 30, 2017) :

LEAD:

 

LEAD 1

 

LEAD (142.85) closed the week on positive note gaining around 5.50%.

As we have mentioned last week that 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 short & 200 Daily moving averages are lying. During the week the commodity manages to hit a high of 143 and close the week around the levels of 143.

Support for the commodity lies in the zone of 139 to 140 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 135 to 137 where break out levels for the commodity is lying.

Resistance for the commodity lies in the zone of 143 to 145 where medium & 200 Daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 148 to 150 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 135 – 137 on downside & 150 – 152 on upside.

Zinc Outlook for the Week (June 26, 2017 – June 30, 2017)

EquityPandit’s Outlook for Zinc for the week  (June 26, 2017 – June 30, 2017) :

ZINC:

 

ZINC 1

 

ZINC (174.40) closed the week on a positive note gaining around 7.50%.

As we have mentioned last week that support for the commodity lies in the zone of 162 to 163 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 163 and close the week around the levels of 174.

Support for the commodity lies in the zone of 172 to 173 where 200 Daily moving averages and break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 165 to 167 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 178 to 180 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 188 to 190 where channel resistance for the commodity is lying.

Broad range for the commodity in the coming week can be seen between 165 – 167 on downside & 188 – 190 on upside.

Copper Outlook for the Week (June 26, 2017 – June 30, 2017)

EquityPandit’s Outlook for Copper for the week  (June 26, 2017 – June 30, 2017) :

COPPER:

 

COPPER 1

 

COPPER (373.80) closed the week on positive note gaining around 2.30%.

As we have mentioned last week that support for the commodity lies in the zone of 361 to 363 where Fibonacci level 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 350 to 352. During the week the commodity manages to hit a low of 363 and close the week around the levels of 374.

Support for the commodity lies in the zone of 368 to 370 where 200 Daily moving averages and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 361 to 363 where Fibonacci level are lying.

Resistance for the commodity lies in the zone of 375 to 377 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 385 to 387 where the commodity has formed a top in the month of May-2017.

Broad range for the commodity in the coming week can be seen between 363 – 365 on downside & 385 – 387 on upside.

Silver Outlook for the Week (June 26, 2017 – June 30, 2017)

EquityPandit’s Outlook for Silver for the week  (June 26, 2017 – June 30, 2017) :

SILVER:

 

SILVER 1

 

SILVER (38488) closed the week on absolutely flat note.

As we have mentioned last week that minor support for the commodity lies in the zone of 38300 to 38400. Support for the commodity lies in the zone of 37500 to 37700 where the commodity has formed a bottom in the month of May-2017. If the commodity manages to close below these levels then the commodity can witness a free fall and can drift to the levels of 33500 to 34000. During the week the commodity manages to hit a low of 37811 and close the week around the levels of 38488.

Minor support for the commodity lies in the zone of 38300 to 38400. Support for the commodity lies in the zone of 37500 to 37700 where the commodity has formed a bottom in the month of May-2017. If the commodity manages to close below these levels then the commodity can witness a free fall and can drift to the levels of 33500 to 34000.

Minor resistance for the commodity lies in the zone of 38800 to 39000. Resistance for the commodity lies in the zone of 39600 to 39700 from where the commodity broke down on weekly basis. If the commodity manages to close above these levels then the commodity can move to the levels of 40600 to 40700 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 37300 – 37500 on downside & 39600 – 39800 on upside.

Gold Outlook for the Week (June 26, 2017 – June 30, 2017)

EquityPandit’s Outlook for Gold for the week  (June 26, 2017 – June 30, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28734) closed the week on positive note gaining around 0.15%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 28800 to 28850. 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 29550 to 29650 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 28820 and close the week around the levels of 28734.

Minor support for the commodity lies in the zone of 28500 to 28550. 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.

Minor resistance for the commodity lies in the zone of 28800 to 28850. 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 29550 to 29650 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 28200 – 28300 on downside & 29100 – 29200 on upside.

Colgate Palmolive Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week  (June 27, 2017 – June 30, 2017) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on positive note gaining around 1.50%.

As we have mentioned last week that minor support for the stock lies in the zone of 1070 to 1080. Support for the stock lies in the zone of 1045 to 1055 from where the stock broke out of double top pattern. If the stock manages to close below these levels then the stock can drift to the levels of 1000 to 1010 where short term moving averages are lying. During the week the stock manages to hit a low of 1074 and close the week around the levels of 1111.

Minor support for the stock lies in the zone of 1090 to 1100. Support for the stock lies in the zone of 1070 to 1080 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 1045 to 1055 from where the stock broke out of double top pattern.

Resistance for the stock lies in the zone of 1125 to 1135 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 1050 to 1060 where Fibonacci levels are lying.

Broad range for the stock is seen between 1070 to 1080 on downside & 1150 to 1160 on upside.

Dabur Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for DABUR for the week  (June 27, 2017 – June 30, 2017) :

DABUR:

 

DABUR

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 285 to 286. Support for the stock lies in the zone of 280 to 282 where 200 Daily Moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 277 to 279 where Fibonacci levels are lying. During the week the stock manages to hit a low of 285 and close the week around the levels of 290.

Minor support for the stock lies in the zone of 285 to 286. Support for the stock lies in the zone of 280 to 282 where 200 Daily Moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 277 to 279 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 293 to 295 where the stock has formed a top in the month of April-2017. If the stock manages to close above these levels then the stock can move to the levels of 300 where long term Fibonacci levels are lying.

Broad range for the stock in the coming week can be seen between 280 to 282 on downside & 300 to 302 on upside.

Hindustan Unilever Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week  (June 27, 2017 – June 30, 2017) :

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on positive note gaining around 0.50%.

As we have mentioned last week that minor support for the stock lies in the zone of 1075 to 1085. Support for the stock lies in the zone of 1030 to 1040 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1010 to 1020 where Fibonacci levels are lying. During the week the stock manages to hit a low of 1075 and close the week around the levels of 1098.

Minor support for the stock lies in the zone of 1075 to 1085. Support for the stock lies in the zone of 1030 to 1040 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1010 to 1020 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 1120 to 1130. If the stock manages to close above these levels then the stock can move to the levels of 1160 to 1170.

Broad range for the stock in coming week is seen between 1050 to 1060 on downside & 1130 to 1140 on upside.

ITC Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for ITC for the week  (June 27, 2017 – June 30, 2017) :

ITC:

 

ITC

 

ITC 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 310 to 312. Resistance for the stock lies in the zone of 320 to 322 where the stock has formed a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 330 to 332. During the week the stock manages to hit a high of 314 and close the week around the levels of 311.

Minor support for the stock lies in the zone of 305 to 307. 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.

Minor resistance for the stock lies in the zone of 310 to 312. Resistance for the stock lies in the zone of 320 to 322 where the stock has formed a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 330 to 332.

Broad range for the stock in coming week is seen between 300 to 303 on downside & 320 to 322 on upside.

Cipla Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for Cipla for the week  (June 27, 2017 – June 30, 2017) :

CIPLA:

 

CIPLA

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 555 to 560 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 570 to 575 where medium term and long term moving averages are lying. During the week the stock manages to hit a high of 550 and close the week around the levels of 541.

Minor support for the stock lies in the zone of 535 to 540. Support for the stock lies in the zone of 518 to 522 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can move to the levels of 500 to 505.

Resistance for the stock lies in the zone of 550 to 555 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 570 to 575 where medium term and long term moving averages are lying.

Broad range for the stock is seen in the range of 510 – 515 on downside & 565 – 570 on upside.

Dr. Reddy Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (June 27, 2017 – June 30, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 1.40%.

As we have mentioned last week that support for the stock lies in the zone of 2610 to 2640 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2550 to 2580 where break out levels for the stock is 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. During the week the stock manages to hit a low of 2615 and close the week around the levels of 2644.

Support for the stock lies in the zone of 2610 to 2640 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2550 to 2580 where break out levels for the stock is 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.

Minor resistance for the stock lies in the zone of 2680 to 2700. Resistance for the stock lies in the zone of 2730 to 2760 where the stock has formed a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 2820 to 2850 where Fibonacci levels are lying.

Broad range for the stock is seen from 2500 – 2550 on downside & 2750 – 2800 on upside.

Lupin Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for Lupin for the week  (June 27, 2017 – June 30, 2017) :

LUPIN:

 

LUPIN

 

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

As we have mentioned last week that the stock has broken down on long term charts. Virtually no support lies for the stock. Minor support for the stock lies in the zone of 1130 to 1140. 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. During the week the stock manages to hit a low of 1058 and close the week around the levels of 1060.

The stock has broken down on long term charts. Virtually no support lies for the stock. Minor support for the stock lies in the zone of 1040 to 1050. Support for the stock lies in the zone of 950 to 960 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 1080 to 1100 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 1120 to 1140 from where the stock broke down after consolidation.

Broad range for the stock in coming week can be seen from 1000 – 1020 on downside & 1100 – 1120 on upside.

Sun Pharma Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for Sun Pharma for the week  (June 27, 2017 – June 30, 2017) :

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA 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 520 to 525 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 490 to 495 where the stock has formed a bottom in the month of May-2017. During the week the stock manages to hit a low of 520 and close the week around the levels of 544.

Minor support for the stock lies in the zone of 535 to 540. Support for the stock lies in the zone of 520 to 525 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 490 to 495 where the stock has formed a bottom in the month of May-2017.

Resistance for the stock lies in the zone of 550 to 555. If the stock manages to close above these levels then the stock can move to the levels of 560 to 565 from where the stock has opened gap down.

Broad range for the stock in the coming week can be 520 – 525 on lower side & 560 – 565 on upper side.

Wipro Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for Wipro for the week  (June 27, 2017 – June 30, 2017) :

WIPRO:

 

WIPRO

 

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

As we have mentioned last week that support for the stock lies in the zone of 250 to 252 from where the stock broke out after consolidation 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 242 to 245 where 200 daily moving averages are lying. During the week the stock manages to hit a low of 252 and close the week around the levels of 257.

Support for the stock lies in the zone of 250 to 252 from where the stock broke out after consolidation 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 242 to 245 where 200 daily moving averages are lying.

Resistance for the stock lies in the zone of 258 to 260 from where the stock broke out of March-2017 and April-2017 highs. If the stock manages to close above these levels then the stock can move to the levels of 264 to 266 where Fibonacci levels are lying.

Broad range for the stock in the coming week is seen between 245 to 247 on downside & 265 to 267 on upside.

HCL Tech Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for HCL Tech for the week  (June 27, 2017 – June 30, 2017) :

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on positive note gaining around 1.50%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 845 to 848. Resistance for the stock lies in the zone of 858 to 862 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. During the week the stock manages to hit a high of 858 and close the week around the levels of 852.

Support for the stock lies in the zone of 840 to 845 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, 200 daily moving averages and break out levels are lying.

Resistance for the stock lies in the zone of 858 to 862 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 & 880 to 885 on upside.

TCS Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for TCS for the week  (June 27, 2017 – June 30, 2017)  :

TATA CONSULTANCY SERVICES:

 

TCS

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 2420 to 2430. Resistance for the stock lies in the zone of 2480 to 2500 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 2580 to 2600 where the stock has formed a top in the month of March-2017. During the week the stock manages to hit a high of 2449 and close the week around the levels of 2362.

Support for the stock lies in the zone of 2360 to 2380 where 200 Daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2310 to 2330 where trend-line support and Fibonacci levels are lying.

Minor resistance for the stock lies in the zone of 2400 to 2420. Resistance for the stock lies in the zone of 2480 to 2500 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 2580 to 2600 where the stock has formed a top in the month of March-2017.

Broad range for the stock in the coming week is seen between 2300 to 2330 on downside & 2420 to 2450 on upside.

Infosys Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for Infosys for the week  (June 27, 2017 – June 30, 2017) :

INFOSYS:

 

INFY

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 950 to 955. Resistance for the stock lies in the zone of 970 to 980 where Fibonacci level and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of around 990 to 1000 where Fibonacci level and 200 Daily moving averages are lying. During the week the stock manages to hit a high of 969 and close the week around the levels of 943.

Support for the stock lies in the zone of 935 to 945 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 900 to 910 where the stock has taken support in the month of November-2016, January-2017 and April-2017.

Minor resistance for the stock lies in the zone of 950 to 955. Resistance for the stock lies in the zone of 970 to 975 where Fibonacci level and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of around 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 900 to 910 on downside & 970 to 980 on upside.

SBI Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for SBI for the week  (June 27, 2017 – June 30, 2017) :

STATE BANK OF INDIA:

 

SBIN

 

SBIN closed the week on positive note gaining around 1.00%.

As we have mentioned last week that minor support for the stock lies in the zone of 283 to 285. 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 270 to 272 where long term moving averages and break-out levels for the stock are lying. During the week the stock manages to hit a low of 285 and close the week around the levels of 289.

Minor support for the stock lies in the zone of 285 to 287. 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 270 to 272 where long term moving averages and break-out levels for the stock are lying.

Minor resistance for the stock lies in the zone of 293 to 295. 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 275 to 277 on lower side & 298 to 300 on upper side.

Axis Bank Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (June 27, 2017 – June 30, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 1.20%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 525 and close the week around the levels of 505.

Support for the stock lies in the zone of 502 to 506 where medium term 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.

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 485– 490 on lower side & 530 – 535 on upper side.

ICICI Bank Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for ICICI Bank for the week  (June 27, 2017 – June 30, 2017) :

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on positive note gaining around 1.40%.

As we have mentioned last week that support for the stock lies in the zone of 284 to 286 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 278 to 280 from where the stock broke out after consolidation. During the week the stock manages to hit a low of 285 and close the week around the levels of 292.

Support for the stock lies in the zone of 284 to 286 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 278 to 280 from where the stock broke out after consolidation

Minor resistance for the stock lies in the zone of 291 to 293. Resistance for the stock lies in the zone of 298 to 300 where the stock has formed a top in the month of May-2017. If the stock manages to close above these levels then the stock can move to the levels of 308 to 310.

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

HDFC Bank Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for HDFC Bank for the week  (June 27, 2017 – June 30, 2017) :

HDFC BANK:

 

HDFCBANK

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 1675 to 1680. Resistance for the stock lies in the zone of 1720 to 1730. If the stock manages to close above these levels then the stock can move to the levels of around 1755 to 1765. During the week the stock manages to hit a high of 1716 and close the week around the levels of 1679.

Minor support for the stock lies in the zone of 1655 to 1665. Support for the stock lies in the zone of 1600 to 1620 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 1570 to 1580 from where the stock broke out of April-2017 highs.

Minor resistance for the stock lies in the zone of 1675 to 1680. Resistance for the stock lies in the zone of 1720 to 1730. If the stock manages to close above these levels then the stock can move to the levels of around 1755 to 1765.

Broad range for the stock in the coming week can be 1600 to 1620 on lower side & 1720 to 1730 on upper side.

Nifty Media Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for NIFTY MEDIA for the week  (June 27, 2017 – June 30, 2017) :

NIFTY MEDIA:

 

NIFTYMEDIA

 

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

As we have mentioned last week that minor support for the index lies in the zone of 3070 to 3080. Support for the index lies in the zone of 3000 to 3020 from where the index broke out of February-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 2900 to 2920 where Fibonacci levels and 200 Daily moving averages are lying. During the week the index manages to hit a low of 3030 and close the week around the levels of 3038.

Support for the index lies in the zone of 3000 to 3020 from where the index broke out of February-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 2900 to 2920 where Fibonacci levels and 200 Daily moving averages are lying.

Minor resistance for the index lies in the zone of 3060 to 3090. Resistance for the index lies in the zone of 3130 to 3160 where short term moving averages and Fibonacci levels 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 level is lying.

Broad range for the index is seen between 2900 to 2930 on downside & 3150 to 3180 on upside.

Nifty Realty Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for NIFTY REALTY for the week  (June 27, 2017 – June 30, 2017) :

NIFTY REALTY:

 

NIFTYREALT

 

Nifty REALTY index closed the week on negative note losing around 2.80%.

As we have mentioned last week that resistance for the index lies in the zone of 274 to 276 where the index has formed a top in the month of May-2017. 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 275 and close the week around the levels of 263.

Support for the index lies in the zone of 258 to 260 where breakout levels for the index is lying. 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 266 to 268. Resistance for the index lies in the zone of 274 to 276 where the index has formed a top in the month of May-2017. 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 250 to 252 on downside & 270 to 272 on upside.

Nifty PSU Bank Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (June 27, 2017 – June 30, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

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

As we have mentioned last week that resistance for the index lies in the zone of 3490 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying. If the index manages to close above these levels then the index can move to the levels of 3580 to 3620 where short term moving averages are lying. During the week the index manages to hit a high of 3534 and close the week around the levels of 3444.

Support for the index lies in the zone of 3400 to 3420 where the index has formed a bottom in the month of May-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of 3300 to 3330 where 200 daily moving averages are lying.

Resistance for the index lies in the zone of 3490 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying. If the index manages to close above these levels then the index can move to the levels of 3580 to 3620 where short term moving averages are lying.

Broad range for the index is seen between 3330 to 3350 on downside & 3580 to 3600 on upside.

Nifty Metal Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for NIFTY METAL for the week  (June 27, 2017 – June 30, 2017) :

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week that minor support for the index lies in the zone of 2880 to 2900. Support for the index lies in the zone of 2830 to 2850 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 2857 and close the week around the levels of 2892.

Minor support for the index lies in the zone of 2880 to 2900. Support for the index lies in the zone of 2830 to 2850 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.

Minor resistance for the index lies in the zone of 2920 to 2950. Resistance for the index lies in the zone of 3020 to 3050 where medium term moving averages and the highs for the month of May-2017 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 2750 to 2780 on downside & 3000 to 3030 on upside.

Nifty Energy Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (June 27, 2017 – June 30, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 11900 to 11950. 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 top in the month of April-2017. During the week the index manages to hit a high of 12000 and close the week around the levels of 11769.

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 11950. 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 top in the month of April-2017.

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

Nifty Auto Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (June 27, 2017 – June 30, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 2.10%.

As we have mentioned last week that support for the index lies in the zone of 10600 to 10650 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 10300 to 10400 where Fibonacci levels and short term moving averages are lying. During the week the index manages to hit a low of 10624 and close the week around the levels of 10637.

Support for the index lies in the zone of 10600 to 10650 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 10300 to 10400 where Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 10700 to 10800. Resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 11250 to 11300.

Broad range for the index is seen from 10000 to 10100 on downside & 11000 to 11100 on upside.

Nifty Pharma Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for NIFTY Pharma for the week  (June 27, 2017 – June 30, 2017) :

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week that resistance for the index lies in the zone of 9700 to 9750 from where the index broke down from November-2016 lows. If the index manages to close above these levels then the index can move to the levels of 9850 to 9900 from where the index broke down from double bottom pattern and short term moving averages are lying. During the week the index manages to hit a high of 9565 and close the week around the levels of 9478.

Support for the index lies in the zone of 9250 to 9300 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where the index has formed a short term bottom.

Resistance for the index lies in the zone of 9700 to 9750 from where the index broke down from November-2016 lows. If the index manages to close above these levels then the index can move to the levels of 9850 to 9900 from where the index broke down from double bottom pattern.

Broad range for the index is seen from 9200 to 9250 on downside & 9700 to 9750 on upside.

Nifty FMCG Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (June 27, 2017 – June 30, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG 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 26000 to 26100. Resistance for the index lies in the zone of 26500 to 26600. If the index manages to close above these levels then the index can move to the levels of 27200 to 27400 where Fibonacci levels are lying. During the week the index manages to hit a high of 26350 and close the week around the levels of 26164.

Minor support for the index lies in the zone of 25900 to 26000. Support for the index lies in the zone of 25400 to 25500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 24500 to 24600 where break out levels are lying.

Resistance for the index lies in the zone of 26400 to 26500. If the index manages to close above these levels then the index can move to the levels of 26800 to 27000.

Broad range for the index in the coming week is seen from 25000 to 25100 on downside & 27000 to 27100 on upside.

Nifty IT Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for NIFTY IT for the week  (June 27, 2017 – June 30, 2017) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 0.20%.

As we have mentioned last week that resistance for the index lies in the zone of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10500 to 10600 where trend-line resistance and Fibonacci levels for the index is lying. During the week the index manages to hit a high of 10355 and close the week around the levels of 10171.

Support for the index lies in the zone of 10000 to 10100 where Fibonacci levels and trend-line support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9850 to 9900 where the index has formed a bottom in the month of April-2017.

Resistance for the index lies in the zone of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10500 to 10600 where trend-line resistance and Fibonacci levels for the index is lying.

Broad range for the index in the coming week is seen from 9850 to 9900 on downside & 10500 to 10600 on upside.

Nifty Bank Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (June 27, 2017 – June 30, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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

As we have mentioned last week that resistance for the index lies in the zone of 23700 to 23800 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 24150 to 24250. During the week the index manages to hit a high of 23897 and close the week around the levels of 23543.

Minor support for the index lies in the zone of 23450 to 23500. Support for the index lies in the zone of 22900 to 23000 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 22400 to 22500 where break out levels for the index is lying.

Resistance for the index lies in the zone of 23700 to 23800 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 24150 to 24250.

Range for the week is seen from 23000 to 23100 on downside & 24100 to 24200 on upside.

Nifty Outlook for the Week (June 27, 2017 – June 30, 2017)

Equityandit’s Outlook for Nifty for week (June 27, 2017 – June 30, 2017):

NIFTY:

 

NIFTY

 

Nifty closed the week on negative note losing around 0.15%.

As we have mentioned last week that minor resistance for the index lies in the zone of 9650 to 9680. Resistance for the index lies in the zone of 9730 to 9750. If the index manages to close above these levels then the index can move to the levels of 9880 to 9900. During the week the index manages to hit a high of 9699 and close the week around the levels of 9575.

Minor support for the index lies in the zone of 9530 to 9550. Support for the index lies in the zone of 9400 to 9450 where break out levels and short term moving averages 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 break out gap for the index is lying.

Minor resistance for the index lies in the zone of 9610 to 9630. Resistance for the index lies in the zone of 9700 to 9750 where the index has formed a double top pattern. 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 9350 on downside & 9750 on upside.

MCX Tips for – Friday, June 23, 2017

Gold (28629): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28724 levels. Traders can initiate short positions on every rise until Gold Future closes above 28724 levels.

Silver (38220):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38589  levels.

Crude (2776): 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 2849 levels.

Natural Gas (187.40): 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 192.75 levels.

Copper (370.60): 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 371.75.

Zinc (174.05): 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 168.55 levels.

Lead (141.50): Lead is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Lead is trading above 138.20 levels.

Nickel (582.80):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 570.50 levels.

Aluminium (120.40):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 121.90 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 – Friday, June 23, 2017

equitypandit_square

Nifty In The Range Of 9600-9700, Go Long Until Nifty Holds 9600 On Closing Basis

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that Indian Stock Market is still positive and traders should buy at dips or hold long positions until Nifty holds 9602 levels on closing basis and exactly same happened. Indian Stock Market moved sharply positive achieving EquityPandit’s predicted targets of 9684 for Nifty. Nifty saw highs right at EquityPandit’s predicted resistance levels of 9700 and lows at EquityPandit’s predicted support levels of 9620 for the trading session.EquityPandit also predicted a day before that market would see new record highs in days to come and traders can grab the opportunity to go long at every dip. Sensex and BankNifty hit new record highs yesterday and traders, who followed EquityPandit’s advice might have generated whopping profits for the day. Finally, Indian Stock Market fell from record highs and closed flat for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone. Market made new highs but fell down from highs, generating indecisiveness. Nifty is experiencing strong resistance at 9700 levels whereas witnessing support at 9600 levels. So until Nifty closes out of this range, best strategy for traders is to buy near support i.e. 9600 and book profits or short at resistance levels i.e.9700 levels. Once Nifty closes below 9602 levels, traders can initiate fresh short positions as in that case, Nifty may see levels of 9580-9560 but until then keep trading in the range of 9600-9700 levels. Market would see reversal i.e. would enter into negative zone only if it closes below 9602 levels for Nifty and 23610 levels for BankNifty and until then bulls would be considered stronger and traders can hold long positions. Once Nifty closes above 9700, it would march towards next target of 9800 levels.

Also Check 3 Stocks to watch Today

FIIs were net buyers of Rs.192.68 crores whereas DIIs were net buyers of Rs.455.21 crores in cash market for last trading session. Nifty would see strong support at 9620-9602-9585-9560 whereas strong resistance would be seen at 9651-9688-9700-9725 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (9630) The support for the Nifty is 9620-9602-9585-9560 and the resistance to the up move is at 9651-9688-9700-9725 levels.

NSE BankNifty: (23736) The support for BankNifty is at 23590-23545-23475-23380 and the resistance to the up move is at 23800-23880-23945-24060 levels.

BSE Sensex: (31291) The support for the Sensex is at 311240-31163-31025 and the resistance to the up move is at 31380-31430-31505 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 June 23, 2017

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

1. SIEMENS (CMP: 1352.55)
– Daily Recommendation: BUY on dips
– Support Levels: 1341, 1332
– Resistance Levels: 1362, 1376

2. GRANULES (CMP: 136.85)
– Daily Recommendation: SELL on rise
Support Levels: 135.20, 133.75
Resistance Levels: 137.65, 139.20

3. SUNPHARMA (CMP: 538.70)
– Daily Recommendation: BUY on dips
– Support Levels: 534.50, 531.80
– Resistance Levels: 542.70, 546.80

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 – Thursday, June 22, 2017

Gold (28577): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28724 levels. Traders can initiate short positions on every rise until Gold Future closes above 28724 levels.

Silver (37977):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38589  levels.

Crude (2741): 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 2871 levels.

Natural Gas (186.50): 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 192.75 levels.

Copper (370.20): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 371.75.

Zinc (170.80): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc is trading above 164.50 levels.

Lead (140.25): Lead is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Lead is trading above 135.50 levels.

Nickel (578.20):  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 570.50 levels.

Aluminium (120.25):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 121.90 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Thursday, June 22, 2017

equitypandit_square

Continue Long Positions Or Buy At Dips Until Nifty Holds 9602 On Closing Basis

 

Last Trading Session: Indian Stock Market, including Nifty and BankNifty opened negative for the day as per EquityPandit’s predictions. EquityPandit predicted that market would see sharp profit booking but traders can go long at dips with strict stoploss of 9602 on closing basis and exactly same happened. Indian Stock Market saw sharp profit booking as per predictions but recovered sharply in the latter half of the trading session confirming that bulls are still stronger. Traders, who followed EquityPandit’s suggestions and went long at dips might have earned huge profits for the day. Finally, Indian Stock Market closed flat to minor negative for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market, including Nifty, BankNifty and Sensex are still in positive zone. Overall, market would be considered positive until it holds 9602 levels on closing basis. Indian Stock Market would see reversal only if it closes below 9602 levels for Nifty and 23518 levels for BankNifty. Until then traders can continue to hold long positions or buy at dips. Traders can close all long positions and initiate fresh short positions only if Nifty closes below 9602 levels but until then every downfall would be an opportunity for traders to go long in the market.

Also Check 3 Stocks to watch Today

FIIs were net sellers of Rs.152.82 crores whereas DIIs were net sellers of Rs.41.39 crores in cash market for last trading session. Nifty would see strong support at 9620-9602-9585-9560 whereas strong resistance would be seen at 9651-9688-9700-9710 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (9634) The support for the Nifty is 9620-9602-9585-9560 and the resistance to the up move is at 9651-9688-9700-9710 levels.

NSE BankNifty: (23698) The support for BankNifty is at 23590-23545-23475-23380 and the resistance to the up move is at 23800-23880-23945-24060 levels.

BSE Sensex: (31284) The support for the Sensex is at 31163-31025 and the resistance to the up move is at 31380-31430-31505 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 June 22, 2017

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

1. FEDERALBNK (CMP: 116.70)
– Daily Recommendation: SELL on rise
– Support Levels: 115.50, 114.20
– Resistance Levels: 118.40, 120

2. JMFINANCIL (CMP: 122.45)
– Daily Recommendation: SELL on rise
Support Levels: 121.60, 120.50
Resistance Levels: 123.70, 125

3. STAR (CMP: 943)
– Daily Recommendation: BUY on dips
– Support Levels: 934, 926
– Resistance Levels: 951, 959

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, June 21, 2017

Gold (28526): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28752 levels. Traders can initiate short positions on every rise until Gold Future closes above 28752 levels.

Silver (38065):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38762  levels.

Crude (2813): 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 2906 levels.

Natural Gas (188.10): 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 192.75 levels.

Copper (365.20): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 371.75.

Zinc (164.90): 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 161.75 levels.

Lead (136.55): Lead is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Lead is trading above 134.35 levels.

Nickel (572.20):  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 570.50 levels.

Aluminium (121.45):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 121.90 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, June 21, 2017

equitypandit_square

Market To Open Gap Negative, Go Long At Dips Until Nifty Holds 9602

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat with positive bias. EquityPandit predicted that market has entered into positive zone and traders can either hold long positions or go long at dips in the market. Indian Stock Market moved positive after opening but was not able to sustain higher levels and saw some profit booking. But Nifty managed to hold its psychological levels of 9650. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market would open gap negative. Technically, Indian Stock Market, including Nifty, BankNifty and Sensex are still in positive zone. Market may see some sharp profit booking as crude oil saw a sharp downfall but traders can go long at dips with strict stoploss of 9602 on closing basis. Market is bullish and would move positive in cyclic manner. Every dip is an opportunity for traders to go long in the market until Nifty holds 9602 levels on closing basis. Next logical target for Nifty is 9684-9700 levels, if 9602 holds.

Also Check 3 Stocks to watch Today

FIIs were net sellers of Rs.312.84 crores whereas DIIs were net buyers of Rs.477.13 crores in cash market for last trading session. Nifty would see strong support at 9620-9602-9585-9560 whereas strong resistance would be seen at 9688-9700-9710-9725 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (9654) The support for the Nifty is 9620-9602-9585-9560 and the resistance to the up move is at 9688-9700-9710-9725 levels.

NSE BankNifty: (23698) The support for BankNifty is at 23590-23545-23475-23380 and the resistance to the up move is at 23800-23880-23945-24060 levels.

BSE Sensex: (31298) The support for the Sensex is at 31163-31025 and the resistance to the up move is at 31380-31430-31505 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 June 21, 2017

Watch out for the following 3 stocks on June 21, 2017.

1. JKIL (CMP: 292.90)
– Daily Recommendation: SELL on rise
– Support Levels: 289.50, 286.20
– Resistance Levels: 295.20, 298.50

2. CANBK (CMP: 352.45)
– Daily Recommendation: SELL on rise
Support Levels: 350, 348
Resistance Levels: 354, 356

3. GATI (CMP: 132)
– Daily Recommendation: BUY on dips
– Support Levels: 130, 127.70
– Resistance Levels: 135.50, 138

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, June 20, 2017

Gold (28600): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28821 levels. Traders can initiate short positions on every rise until Gold Future closes above 28821 levels.

Silver (38370):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38949  levels.

Crude (2895): 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 2952 levels.

Natural Gas (187.60): 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 196.50 levels.

Copper (368.35): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 371.75.

Zinc (163.85): 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 160.40 levels.

Lead (137.25): Lead is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Lead is trading above 134.35 levels.

Nickel (577.90):  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 567.50 levels.

Aluminium (120.70):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 121.90 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, June 20, 2017

equitypandit_square

Market Ready To See Record Highs, Hold Long Positions For Now

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap positive for the day. EquityPandit predicted that there is a strong chance of recovery from here and traders can go long with strict stoploss of 9560 and exactly same happened. Indian Stock Market moved sharply positive after opening and achieves EquityPandit’s target of 9645 for Nifty. Nifty saw highs of 9673 levels for the day and traders, who followed EquityPandit’s advice might have earned huge profits for the day. BankNifty closed right below EquityPandit’s predicted resistance levels of 23745 like a dot. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market would open flat with positive bias. Technically, Indian Stock Market, including Nifty, BankNifty and Sensex has entered into positive zone. Traders can continue to hold long positions as market is expected to make new record highs in days to come. Next target for Nifty is set to 9684-9700-9715 levels. Breaching 9710 would force Nifty to move towards next logical target of 9800 levels. Traders can go long at dips until Nifty holds 9585 levels on closing basis.

FIIs were net sellers of Rs.764.48 crores whereas DIIs were net buyers of Rs.890.91 crores in cash market for last trading session. Nifty would see strong support at 9620-9585-9560-9520 whereas strong resistance would be seen at 9685-9700-9710-9725 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (9658) The support for the Nifty is 9620-9585-9560-9520 and the resistance to the up move is at 9685-9700-9710-9725 levels.

NSE BankNifty: (23742) The support for BankNifty is at 23590-23545-23475-23380 and the resistance to the up move is at 23800-23880-23945-24060 levels.

BSE Sensex: (31312) The support for the Sensex is at 31163-31025 and the resistance to the up move is at 31380-31430-31505 levels.

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

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MCX Tips for – Monday, June 19, 2017

Gold (28690): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 29012 levels. Traders can initiate short positions on every rise until Gold Future closes above 29012 levels.

Silver (38481):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 39252  levels.

Crude (2879): 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 2957 levels.

Natural Gas (195.90): 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 192.10 levels.

Copper (365.45): 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 371.75.

Zinc (162.30): 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 159.40 levels.

Lead (135.35): Lead is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Lead is trading above 132.90 levels.

Nickel (574.70):  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 574.80 levels.

Aluminium (120.25):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 121.90 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 – Monday, June 19, 2017

equitypandit_square

Nifty Saw Support At 9560 And Forms DOJI, Go Long At Dips Until It Holds 9560

 

Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that short covering rally can’t be ruled out but traders can go short at every positive rally until Nifty breaches 9649 levels and exactly same happened. Indian Stock Market moved positive but was not able to hold and fell down sharply. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market would open gap positive. Technically, Indian Stock Market is still in negative zone. Nifty has formed DOJI candlestick pattern with Stochastic indicator in overbought region and hence there are strong chance of recovery from here. Market is currently in indecisive mode and Nifty would see a breakout above 9622 levels whereas breakdown below 9560 levels. Traders can take a chance to go long from here with strict stoploss below 9560 as the risk is too small. Once Nifty breaches levels of 9560, it would move down towards 9520 levels but until 9560 holds, there is strong chance of recovery in the market. Once Nifty manages to close above 9622 levels, we can see levels of 9645-9684-9700 in upcoming sessions. Overall, trade for today is to go long at dips and book profits near EquityPandit’s predicted resistance levels with stoploss below support levels. Traders can resume short positions only below 9560 levels for Nifty.

FIIs were net sellers of Rs.764.48 crores whereas DIIs were net buyers of Rs.890.91 crores in cash market for last trading session. Nifty would see strong support at 9560-9520-9500-9470 whereas strong resistance would be seen at 9622-9650-9685 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (9588) The support for the Nifty is 9560-9520-9500-9470 and the resistance to the up move is at 9622-9650-9685 levels.

NSE BankNifty: (23502) The support for BankNifty is at 23390-23300-23250-23211 and the resistance to the up move is at 23562-23660-23745 levels.

BSE Sensex: (31056) The support for the Sensex is at 31025-30940-30865 and the resistance to the up move is at 31168-31225-31345-31380 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

Natural Gas Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Natural Gas for the week  (June 19, 2017 – June 23, 2017) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS (195.90) closed the week on absolutely flat note.

As we have mentioned last week that support for the commodity lies in the zone of 189 to 190 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 185 to 186 where long term Fibonacci levels are lying. Below these levels the commodity can drift to the levels of 178 to 180. During the week the commodity manages to hit a low of 188 and close the week around the levels of 196.

Minor support for the commodity lies in the zone of 193 to 194. Support for the commodity lies in the zone of 189 to 190 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 185 to 186 where long term Fibonacci levels are lying. Below these levels the commodity can drift to the levels of 178 to 180.

Resistance for the commodity lies in the zone of 200 to 202 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can move to the levels of 205 to 207 where short and long term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 185 – 187 on downside & 204 – 206 on upside.

Crude Oil Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (June 19, 2017 – June 23, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (2879) closed the week on negative note losing around 2.70%.

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 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3200 to 3230 where Fibonacci levels and medium term moving averages are lying. During the week the commodity manages to hit a high of 3015 and close the week around the levels of 2879.

Support for the commodity lies in the zone of 2830 to 2880 where the commodity has taken support in the month of November-2016 and May-2017. If the commodity manages to close below these levels then the commodity can witness a freefall and can drift to the levels of 2600 to 2650.

Minor resistance for the commodity lies in the zone of 2930 to 2950. Resistance for the commodity lies in the zone of 3080 to 3100 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3200 to 3230 where Fibonacci levels and medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 2750 – 2780 on downside & 3000 – 3030 on upside.

Aluminium Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Aluminium for the week  (June 19, 2017 – June 23, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (120.25) closed the week on negative note losing around 1.90%.

As we have mentioned last week that support for the commodity lies in the zone of around 121 to 121.50 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 119 to 120 where Fibonacci levels and 200 Daily moving averages are lying. During the week the commodity manages to hit a low of 120 and close the week around the levels of 120.25.

Support for the commodity lies in the zone of around 119 to 120 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 117.50 to 118 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 121 to 121.50 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 123.00 to 123.50 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 117 – 118 on downside and 122 – 123 on upside.

Nickel Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Nickel for the week  (June 19, 2017 – June 23, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (574.70) closed the week on negative note losing around 0.30%.

As we have mentioned last week that support for the commodity lies in the zone of 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. During the week the commodity manages to hit a low of 559 and close the week around the levels of 575.

Minor support for the commodity lies in the zone of 567 to 569. Support for the commodity lies in the zone of 555 to 560 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 581 to 583. 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 555 – 560 on downside & 590 – 595 on upside.

Lead Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Lead for the week  (June 19, 2017 – June 23, 2017) :

LEAD:

 

LEAD 1

 

LEAD (135.35) closed the week on absolutely flat note.

As we have mentioned last week that minor support for the commodity lies in the zone of 133 to 134. Support for the commodity lies in the zone of 130 to 131 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 132 and close the week around the levels of 135.

Minor support for the commodity lies in the zone of 133 to 134. Support for the commodity lies in the zone of 130 to 131 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 short & 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 (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Zinc for the week  (June 19, 2017 – June 23, 2017) :

ZINC:

 

ZINC 1

 

ZINC (162.30) closed the week on a negative note losing around 0.50%.

As we have mentioned last week that support for the commodity lies in the zone of 162 to 163 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 157 and close the week around the levels of 162.

Support for the commodity lies in the zone of 162 to 163 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 165 to 166. Resistance for the commodity lies in the zone of 168 to 170 from where the commodity broke down after consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of 172 to 173 where 200 Daily moving averages are lying.

Broad range for the commodity in the coming week can be seen between 153 – 155 on downside & 170 – 172 on upside.

Copper Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Copper for the week  (June 19, 2017 – June 23, 2017) :

COPPER:

 

COPPER 1

 

COPPER (365.45) closed the week on negative note losing around 3.10%.

As we have mentioned last week that minor support for the commodity lies in the zone of 375 to 376. Support for the commodity lies in the zone of 368 to 370 where 200 Daily moving averages and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 361 to 363 where Fibonacci level are lying. During the week the commodity manages to hit a low of 363 and close the week around the levels of 365.

Support for the commodity lies in the zone of 361 to 363 where Fibonacci level 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 350 to 352.

Resistance for the commodity lies in the zone of 368 to 370 where 200 Daily moving averages and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 375 to 377 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 350 – 352 on downside & 375 – 377 on upside.

Silver Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Silver for the week  (June 19, 2017 – June 23, 2017) :

SILVER:

 

SILVER 1

 

SILVER (38481) closed the week on negative note losing 3.00%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 39900 to 40000. Resistance for the commodity lies in the zone of 40600 to 40700 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 41100 to 41200 where medium term moving averages are lying. During the week the commodity manages to hit a high of 39821 and close the week around the levels of 38481.

Minor support for the commodity lies in the zone of 38300 to 38400. Support for the commodity lies in the zone of 37500 to 37700 where the commodity has formed a bottom in the month of May-2017. If the commodity manages to close below these levels then the commodity can witness a free fall and can drift to the levels of 33500 to 34000.

Minor resistance for the commodity lies in the zone of 39100 to 39300. Resistance for the commodity lies in the zone of 39600 to 39700 from where the commodity broke down on weekly basis. If the commodity manages to close above these levels then the commodity can move to the levels of 40600 to 40700 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 37300 – 37500 on downside & 39600 – 39800 on upside.

Gold Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Gold for the week  (June 19, 2017 – June 23, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28690) closed the week on negative note losing around 1.10%.

As we have mentioned last week that 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 29550 to 29650 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 29087 and close the week around the levels of 28690.

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.

Minor resistance for the commodity lies in the zone of 28800 to 28850. 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 29550 to 29650 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 28200 – 28300 on downside & 29100 – 29200 on upside.

Colgate Palmolive Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week  (June 19, 2017 – June 23, 2017) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on positive note gaining around 1.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 1090 to 1100 where the stock has formed a life time high in the month of April-2015. If the stock manages to close above these levels then the stock can move to the levels of 1125 to 1135 where Fibonacci levels are lying. During the week the stock manages to hit a high of 1101 and close the week around the levels of 1095.

Minor support for the stock lies in the zone of 1070 to 1080. Support for the stock lies in the zone of 1045 to 1055 from where the stock broke out of double top pattern. If the stock manages to close below these levels then the stock can drift to the levels of 1000 to 1010 where short term moving averages are lying.

Resistance for the stock lies in the zone of 1090 to 1100 where the stock has formed a life time high in the month of April-2015. If the stock manages to close above these levels then the stock can move to the levels of 1125 to 1135 where Fibonacci levels are lying.

Broad range for the stock is seen between 1050 to 1060 on downside & 1130 to 1140 on upside.

Dabur Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for DABUR for the week  (June 19, 2017 – June 23, 2017) :

DABUR:

 

DABUR

 

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

As we have mentioned last week that support for the stock lies in the zone of 280 to 282 where 200 Daily Moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 277 to 279 where Fibonacci levels are lying. During the week the stock manages to hit a low of 279 and close the week around the levels of 289.

Minor support for the stock lies in the zone of 285 to 286. Support for the stock lies in the zone of 280 to 282 where 200 Daily Moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 277 to 279 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 293 to 295 where the stock has formed a top in the month of April-2017. If the stock manages to close above these levels then the stock can move to the levels of 300 where long term Fibonacci levels are lying.

Broad range for the stock in the coming week can be seen between 280 to 282 on downside & 300 to 302 on upside.

Hindustan Unilever Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week  (June 19, 2017 – June 23, 2017) :

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever 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 1110 to 1120. If the stock manages to close above these levels then the stock can move to the levels of 1160 to 1170. During the week the stock manages to hit a high of 1121 and close the week around the levels of 1092.

Minor support for the stock lies in the zone of 1075 to 1085. Support for the stock lies in the zone of 1030 to 1040 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1010 to 1020 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 1110 to 1120. If the stock manages to close above these levels then the stock can move to the levels of 1160 to 1170.

Broad range for the stock in coming week is seen between 1030 to 1040 on downside & 1130 to 1140 on upside.

ITC Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for ITC for the week  (June 19, 2017 – June 23, 2017) :

ITC:

 

ITC

 

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

As we have mentioned last week that support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 299 and close the week around the levels of 307.

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.

Minor resistance for the stock lies in the zone of 310 to 312. Resistance for the stock lies in the zone of 320 to 322 where the stock has formed a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 330 to 332.

Broad range for the stock in coming week is seen between 292 to 295 on downside & 320 to 322 on upside.

Cipla Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Cipla for the week  (June 19, 2017 – June 23, 2017) :

CIPLA:

 

CIPLA

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 555 to 560 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 570 to 575 where medium term and long term moving averages are lying. During the week the stock manages to hit a high of 555 and close the week around the levels of 537.

Minor support for the stock lies in the zone of 535 to 540. Support for the stock lies in the zone of 515 to 520 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can move to the levels of 500 to 505.

Resistance for the stock lies in the zone of 555 to 560 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 570 to 575 where medium term and long term moving averages are lying.

Broad range for the stock is seen in the range of 510 – 515 on downside & 555 – 560 on upside.

Dr. Reddy Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (June 19, 2017 – June 23, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 2.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 2640 to 2660 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 2730 to 2760 where the stock has formed a double top pattern. During the week the stock manages to hit a high of 2721 and close the week around the levels of 2683.

Support for the stock lies in the zone of 2610 to 2640 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2550 to 2580 where break out levels for the stock is 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.

Resistance for the stock lies in the zone of 2730 to 2760 where the stock has formed a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 2820 to 2850 where Fibonacci levels are lying.

Broad range for the stock is seen from 2550 – 2580 on downside & 2760 – 2780 on upside.

Lupin Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Lupin for the week  (June 19, 2017 – June 23, 2017) :

LUPIN:

 

LUPIN

 

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

As we have mentioned last week that the stock has broken down on long term charts. Virtually no support lies for the stock. Minor support for the stock lies in the zone of 1130 to 1140. 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. During the week the stock manages to hit a low of 1105 and close the week around the levels of 1131.

The stock has broken down on long term charts. Virtually no support lies for the stock. Minor support for the stock lies in the zone of 1130 to 1140. 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 1170 to 1180. 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 1080 – 1100 on downside & 1170 – 1180 on upside.

Sun Pharma Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Sun Pharma for the week  (June 19, 2017 – June 23, 2017) :

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on positive note gaining around 0.80%.

As we have mentioned last week that minor support for the stock lies in the zone of 515 to 520. Support for the stock lies in the zone of 500 to 505. If the stock manages to close below these levels then the stock can drift to the levels of 470 to 475. During the week the stock manages to hit a low of 522 and close the week around the levels of 529.

Support for the stock lies in the zone of 520 to 525 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 490 to 495 where the stock has formed a bottom in the month of May-2017..

Resistance for the stock lies in the zone of 550 to 555. If the stock manages to close above these levels then the stock can move to the levels of 560 to 565 from where the stock has opened gap down.

The stock has taken support around the levels of 500 where declining trend-line joining lows of 704 (November-2015) and 572 (November-2016) is lying. If the stock manages to hold on to the support zone and sector sees some value buying then the stock can move to the levels of 600 to 630 where channel resistance for the stock is lying.

Broad range for the stock in the coming week can be 500 – 505 on lower side & 550 – 555 on upper side.

Wipro Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Wipro for the week  (June 19, 2017 – June 23, 2017) :

WIPRO:

 

WIPRO

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 268 to 270. Support for the stock lies in the zone of 259 to 260 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 250 to 251 from where the stock broke out after consolidation and short term moving averages are lying. During the week the stock manages to hit a low of 252 and close the week around the levels of 255.

Support for the stock lies in the zone of 250 to 252 from where the stock broke out after consolidation 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 242 to 245 where 200 daily moving averages are lying.

Resistance for the stock lies in the zone of 258 to 260 from where the stock broke out of March-2017 and April-2017 highs. If the stock manages to close above these levels then the stock can move to the levels of 264 to 266 where Fibonacci levels are lying.

Broad range for the stock in the coming week is seen between 242 to 245 on downside & 264 to 266 on upside.

HCL Tech Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for HCL Tech for the week  (June 19, 2017 – June 23, 2017) :

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on negative note losing around 2.50%.

As we have mentioned last week that minor support for the stock lies in the zone of 845 to 850. 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. During the week the stock manages to hit a low of 835 and close the week around the levels of 839.

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, 200 daily moving averages and break out levels are lying.

Minor resistance for the stock lies in the zone of 845 to 848. Resistance for the stock lies in the zone of 858 to 862 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 (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for TCS for the week  (June 19, 2017 – June 23, 2017)  :

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on negative note losing around 4.30%.

As we have mentioned last week that 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. During the week the stock manages to hit a low of 2386 and close the week around the levels of 2400.

Support for the stock lies in the zone of 2380 to 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 2310 to 2330 where trend-line support and Fibonacci levels are lying.

Minor resistance for the stock lies in the zone of 2420 to 2430. Resistance for the stock lies in the zone of 2480 to 2500 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 2580 to 2600 where the stock has formed a top in the month of March-2017.

Broad range for the stock in the coming week is seen between 2300 to 2330 on downside & 2500 to 2530 on upside.

Infosys Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Infosys for the week  (June 19, 2017 – June 23, 2017) :

INFOSYS:

 

INFY

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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 968 and close the week around the levels of 940.

Support for the stock lies in the zone of 935 to 945 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 900 to 910 where the stock has taken support in the month of November-2016, January-2017 and April-2017.

Minor resistance for the stock lies in the zone of 950 to 955. Resistance for the stock lies in the zone of 970 to 980 where Fibonacci level and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of around 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 900 to 910 on downside & 970 to 980 on upside.

SBI Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for SBI for the week  (June 19, 2017 – June 23, 2017) :

STATE BANK OF INDIA:

 

SBIN

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 283 to 285. 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 270 to 272 where long term moving averages and break-out levels for the stock are lying. During the week the stock manages to hit a low of 281 and close the week around the levels of 286.

Minor support for the stock lies in the zone of 283 to 285. 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 270 to 272 where long term moving averages and break-out levels for the stock are lying.

Minor resistance for the stock lies in the zone of 290 to 292. 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 275 to 277 on lower side & 295 to 297 on upper side.

Axis Bank Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (June 19, 2017 – June 23, 2017) :

AXIS BANK:

 

AXISBANK

 

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

As we have mentioned last week that support for the stock lies in the zone of 502 to 506 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. During the week the stock manages to hit a low of 502 and close the week around the levels of 510.

Support for the stock lies in the zone of 502 to 506 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.

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 (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for ICICI Bank for the week  (June 19, 2017 – June 23, 2017) :

ICICI BANK:

 

ICICIBANK

 

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

As we have mentioned last week that support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 314 and close the week around the levels of 316.

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.

Minor resistance for the stock lies in the zone of 320 to 322. Resistance for the stock lies in the zone of 326 to 328 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 340 to 342 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be 305 – 307 on lower side & 325 – 327 on upper side.

HDFC Bank Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for HDFC Bank for the week  (June 19, 2017 – June 23, 2017) :

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on positive note gaining around 0.10%.

As we have mentioned last week that minor support for the stock lies in the zone of 1650 to 1655. Support for the stock lies in the zone of 1600 to 1620 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 1570 to 1580 from where the stock broke out of April-2017 highs. During the week the stock manages to hit a low of 1654 and close the week around the levels of 1669.

Minor support for the stock lies in the zone of 1650 to 1655. Support for the stock lies in the zone of 1600 to 1620 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 1570 to 1580 from where the stock broke out of April-2017 highs.

Minor resistance for the stock lies in the zone of 1675 to 1680. Resistance for the stock lies in the zone of 1720 to 1730. If the stock manages to close above these levels then the stock can move to the levels of around 1755 to 1765.

Broad range for the stock in the coming week can be 1600 to 1620 on lower side & 1720 to 1730 on upper side.

Nifty Media Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for NIFTY MEDIA for the week  (June 19, 2017 – June 23, 2017) :

NIFTY MEDIA:

 

NIFTYMEDIA

 

Nifty Media index closed the week on absolutely flat note.

As we have mentioned last week that minor resistance for the index lies in the zone of 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. During the week the index manages to hit a high of 3109 and close the week around the levels of 3095.

Minor support for the index lies in the zone of 3070 to 3080. Support for the index lies in the zone of 3000 to 3020 from where the index broke out of February-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 2900 to 2920 where Fibonacci levels and 200 Daily moving averages are lying.

Minor resistance for the index lies in the zone of 3110 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 level 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 (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for NIFTY REALTY for the week  (June 19, 2017 – June 23, 2017) :

NIFTY REALTY:

 

NIFTYREALT

 

Nifty REALTY index closed the week on positive note gaining around 4 .30%.

As we have mentioned last week that minor support for the index lies in the zone of 255 to 257. 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. During the week the index manages to hit a low of 258 and close the week around the levels of 271.

Minor support for the index lies in the zone of 266 to 268. Support for the index lies in the zone of 258 to 260 where breakout levels for the index is lying. 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 274 to 276 where the index has formed a top in the month of May-2017. 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 & 280 to 282 on upside.

Nifty PSU Bank Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (June 19, 2017 – June 23, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on negative note losing around 1.60%.

As we have mentioned last week that support for the index lies in the zone of 3470 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 3350 to 3380 where medium term moving averages are lying. During the week the index manages to hit a low of 3433 and close the week around the levels of 3463.

Support for the index lies in the zone of 3420 to 3450 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3300 to 3330 where 200 daily moving averages are lying.

Resistance for the index lies in the zone of 3490 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying. If the index manages to close above these levels then the index can move to the levels of 3580 to 3620 where short term moving averages are lying.

Broad range for the index is seen between 3330 to 3350 on downside & 3580 to 3600 on upside.

Nifty Metal Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for NIFTY METAL for the week  (June 19, 2017 – June 23, 2017) :

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on negative note losing around 2.20%.

As we have mentioned last week that resistance for the index lies in the zone of 3030 to 3050 where medium term moving averages and the highs for the month of May-2017 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. During the week the index manages to hit a high of 3022 and close the week around the levels of 2931.

Minor support for the index lies in the zone of 2880 to 2900. Support for the index lies in the zone of 2830 to 2850 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.

Minor resistance for the index lies in the zone of 2950 to 2970. Resistance for the index lies in the zone of 3030 to 3050 where medium term moving averages and the highs for the month of May-2017 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 2800 to 2830 on downside & 3000 to 3030 on upside.

Nifty Energy Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (June 19, 2017 – June 23, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 1.10%.

As we have mentioned last week that support for the index lies in the zone of 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 11604 and close the week around the levels of 11823.

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 11950. 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 top in the month of April-2017.

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

Nifty Auto Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (June 19, 2017 – June 23, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 1.60%.

As we have mentioned last week that resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 11250 to 11300. During the week the index manages to hit a high of 11056 and close the week around the levels of 10869.

Support for the index lies in the zone of 10600 to 10650 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 10300 to 10400 where Fibonacci levels and short term moving averages are lying.

Resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 11250 to 11300.

Broad range for the index is seen from 10500 to 10600 on downside & 11000 to 11100 on upside.

Nifty Pharma Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for NIFTY Pharma for the week  (June 19, 2017 – June 23, 2017) :

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 9700 to 9750 from where the index broke down from November-2016 lows. If the index manages to close above these levels then the index can move to the levels of 9850 to 9900 from where the index broke down from double bottom pattern and short term moving averages are lying. During the week the index manages to hit a high of 9765 and close the week around the levels of 9525.

Support for the index lies in the zone of 9250 to 9300 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where the index has formed a short term bottom.

Resistance for the index lies in the zone of 9700 to 9750 from where the index broke down from November-2016 lows. If the index manages to close above these levels then the index can move to the levels of 9850 to 9900 from where the index broke down from double bottom pattern and short term moving averages are lying.

Broad range for the index is seen from 9200 to 9250 on downside & 9700 to 9750 on upside.

Nifty FMCG Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (June 19, 2017 – June 23, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on absolutely flat note.

As we have mentioned last week that minor resistance for the index lies in the zone of 26000 to 26100. Resistance for the index lies in the zone of 26500 to 26600. If the index manages to close above these levels then the index can move to the levels of 27200 to 27400 where Fibonacci levels are lying. During the week the index manages to hit a high of 26041 and close the week around the levels of 25914.

Support for the index lies in the zone of 25400 to 25500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 24500 to 24600 where break out levels are lying.

Minor resistance for the index lies in the zone of 26000 to 26100. Resistance for the index lies in the zone of 26500 to 26600. If the index manages to close above these levels then the index can move to the levels of 27200 to 27400 where Fibonacci levels are lying.

Broad range for the index in the coming week is seen from 25000 to 25100 on downside & 27000 to 27100 on upside.

Nifty IT Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for NIFTY IT for the week  (June 19, 2017 – June 23, 2017) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 2.40%.

As we have mentioned last week that support for the index lies in the zone of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10100 where Fibonacci levels and trend-line support for the index is lying. During the week the index manages to hit a low of 10161 and close the week around the levels of 10189.

Support for the index lies in the zone of 10000 to 10100 where Fibonacci levels and trend-line support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9850 to 9900 where the index has formed a bottom in the month of April-2017.

Resistance for the index lies in the zone of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10500 to 10600 where trend-line resistance and Fibonacci levels for the index is lying.

Broad range for the index in the coming week is seen from 9850 to 9900 on downside & 10500 to 10600 on upside.

Nifty Bank Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (June 19, 2017 – June 23, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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

As we have mentioned last week that minor support for the index lies in the zone of 23450 to 23500. Support for the index lies in the zone of 22900 to 23000 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 22400 to 22500 where short term moving averages and break out levels for the index is lying. During the week the index manages to hit a low of 23312 and close the week around the levels of 23503.

Minor support for the index lies in the zone of 23450 to 23500. Support for the index lies in the zone of 22900 to 23000 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 22400 to 22500 where short term moving averages and break out levels for the index is lying.

Resistance for the index lies in the zone of 23700 to 23800 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 24150 to 24250.

Range for the week is seen from 23000 to 23100 on downside & 24100 to 24200 on upside.

 

Nifty Outlook for the Week (June 19, 2017 – June 23, 2017)

Equityandit’s Outlook for Nifty for week (June 19, 2017 – June 23, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor support for the index lies in the zone of 9550 to 9600. 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 break out gap for the index is lying. During the week the index manages to hit a low of 9561 and close the week around the levels of 9588.

Minor support for the index lies in the zone of 9530 to 9550. Support for the index lies in the zone of 9350 to 9400 where break out levels and short term moving averages 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 break out gap for the index is lying.

Minor resistance for the index lies in the zone of 9650 to 9680. Resistance for the index lies in the zone of 9730 to 9750. 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, June 16, 2017

Gold (28768): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 29112 levels. Traders can initiate short positions on every rise until Gold Future closes above 29112 levels.

Silver (38721):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 39453  levels.

Crude (2877): 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 2957 levels.

Natural Gas (197.60): 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 187.95 levels.

Copper (367.05): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 371.75.

Zinc (161.95): 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 157.55 levels.

Lead (135.50): Lead has entered into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Lead is trading above 131.90 levels.

Nickel (573.40):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 574.80 levels.

Aluminium (120.70):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 121.90 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.

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Share Market Tips for – Friday, June 16, 2017

equitypandit_square

Hold Short Or Sell At Rally Until Nifty Breaches 9649 On Closing Basis

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that traders can go short in Nifty with initial stoploss above 9662 levels. EquityPandit also predicted that traders can short BankNifty, if it breaches 23407 levels and exactly same happened. Indian Stock Market opened negative and fell down sharply. Traders, who followed EquityPandit’s advice might have earned whopping profits for the day. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market including Nifty, Sensex and BankNifty has entered into negative zone. Market would remain weak until Nifty is below 9600 levels and hence traders can continue to hold short positions as of now. A short covering rally can’t be ruled out at this point of time but every positive rally would be an opportunity for traders to go short in the market until Nifty closes above 9649 levels. Nifty could see levels of 9550-9520 in upcoming sessions. Fresh long positions should be initiated only if Nifty managed to close above 9649 levels. Nifty would see new lifetime highs only if it closes above 9649 levels and until then either hold short positions or go short at every positive rally.

Also Check 3 Stocks to watch Today

FIIs were net sellers of Rs.645.35 crores whereas DIIs were net buyers of Rs.854.85 crores in cash market for last trading session. Nifty would see strong support at 9550-9520-9500-9470 whereas strong resistance would be seen at 9600-9622-9650-9685 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (9578) The support for the Nifty is 9550-9520-9500-9470 and the resistance to the up move is at 9600-9622-9650-9685 levels.

NSE BankNifty: (23392) The support for BankNifty is at 23300-23250-23211-23170 and the resistance to the up move is at 23470-23540-23660-23745 levels.

BSE Sensex: (31076) The support for the Sensex is at 31025-30940-30865 and the resistance to the up move is at 31168-31225-31345-31380 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 June 16, 2017

Watch out for the following 3 stocks on June 16, 2017.

1. CAPF (CMP: 722.20)
– Daily Recommendation: BUY on dips
– Support Levels: 718.50, 714
– Resistance Levels: 728, 733

2. INOXWIND (CMP: 143.85)
– Daily Recommendation: BUY on dips
Support Levels: 141.60, 139.50
Resistance Levels: 146, 148

3. PTC (CMP: 94)
– Daily Recommendation: SELL on rise
– Support Levels: 92.70, 91.50
– Resistance Levels: 94.70, 95.80

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 – Thursday, June 15, 2017

Gold (29030): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 29192 levels. Traders can initiate short positions on every rise until Gold Future closes above 29192 levels.

Silver (39418):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 39453  levels.

Crude (2873): 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 3016 levels.

Natural Gas (188.80): 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 194.85 levels.

Copper (363.90): Copper has entered into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 373.35.

Zinc (159.00): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc is trading above 157.55 levels.

Lead (132.65): 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 134.95 levels.

Nickel (569.40):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 574.80 levels.

Aluminium (120.15):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 122.30 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.

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Thursday, June 15, 2017

equitypandit_square

Go Short In Nifty With Initial Stoploss Above 9662 levels On Closing Basis

 

Last Trading Session: Indian Stock Market opened flat with positive bias. EquityPandit predicted that market has formed Inverted Hammer pattern and traders can go long with strict stoploss of 9595 on closing basis. EquityPandit also predicted that last support would be seen at 9580 for Nifty and exactly same happened. Indian Stock Market moved sharply negative and saw lows right near EquityPandit’s predicted support levels of 9580 like a dot. As EquityPandit predicted, market recovered sharply from there and managed to close near its highs. Traders, who followed EquityPandit’s advice might have earned whopping profits for the day. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open gap negative. Technically, Nifty is in negative zone but BankNifty is still in positive zone. US FED has hiked Interest Rates by 25 bps. Markets were expecting this rate hike. Though Nifty and BankNifty has developed HAMMER candlestick pattern that suggest a reversal but traders can go short in Nifty with initial stoploss above 9662 levels. Some short covering would be seen after a downfall but traders can take short positions home if Nifty closes below 9600 levels. BankNifty would enter into negative zone once it closes below 23407 levels on closing basis. If Nifty breaches 9580-9570 levels then a slide towards 9550-9520 can be expected. Once BankNifty closes below 23407 levels, traders can initiate short in BankNifty. If Nifty managed to close above 9600 levels then a sharp short covering rally can be seen in upcoming days.

Also Check 3 Stocks to watch Today

FIIs were net sellers of Rs.161.13 crores whereas DIIs were net buyers of Rs.71.65 crores in cash market for last trading session. Nifty would see strong support at 9600-9580-9550 whereas strong resistance would be seen at 9650-9684-9705-9715 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (9618) The support for the Nifty is 9600-9580-9550 and the resistance to the up move is at 9650-9684-9705-9715 levels.

NSE BankNifty: (23499) The support for BankNifty is at 23440-23380-23240 and the resistance to the up move is at 23580-23630-23708 levels.

BSE Sensex: (31156) The support for the Sensex is at 31060-30940-30865 and the resistance to the up move is at 31225-31345-31380-31430-31505 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 June 15, 2017

Watch out for the following 3 stocks on June 15, 2017.

1. TORNTPHARM (CMP: 1234)
– Daily Recommendation: BUY on dips
– Support Levels: 1216.80, 1199
– Resistance Levels: 1250.10, 1266

2. QUESS (CMP: 885)
– Daily Recommendation: SELL on rise
Support Levels: 879, 873
Resistance Levels: 892, 896

3. ASIANPAINT (CMP: 1149.60)
– Daily Recommendation: SELL on rise
– Support Levels: 1142, 1133
– Resistance Levels: 1159, 1165

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, June 14, 2017

Gold (28944): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 29192 levels. Traders can initiate short positions on every rise until Gold Future closes above 29192 levels.

Silver (38771):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 39453  levels.

Crude (2985): 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 3036 levels.

Natural Gas (192.00): 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 199.50 levels.

Copper (369.65): 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 368.30.

Zinc (158.75): 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 157.50 levels.

Lead (132.00): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 135.25 levels.

Nickel (566.30):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 574.80 levels.

Aluminium (121.35):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 122.60 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 – Wednesday, June 14, 2017

equitypandit_square

Go Long If Nifty Holds 9595, Short Below 9595, FED Interest Rate Policy Tonight

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened positive. EquityPandit predicted that traders can go short at every rally and long at every dip in the market and exactly same happened. Indian Stock Market saw sharp rally till 9654, near EquityPandit’s predicted resistance levels. Traders, who went short at EquityPandit’s predicted resistance levels as suggested, might have earned huge profits for the day. Nifty fell down sharply from there upto 9595 levels. Sensex saw lows right at EquityPandit’s predicted support levels of 31060 like a dot. BankNifty also saw strong support right near EquityPandit’s predicted support levles of 23440 like a dot. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market would open flat. Technically, Nifty has entered into negative zone but BankNifty is still in positive zone. Interestingly, both Nifty and BankNifty has formed INVERSE HAMMER candlestick pattern with long shadow and this suggest that market would see positive movement from here. It looks like Nifty would hold 9600 levels on closing basis. Traders can go long in Nifty with strict stoploss below 9595 levels on closing basis. If Nifty managed to hold 9600 levels then market would see sharp recovery from here. Traders can initiate short only if Nifty is not able to hold 9600-9595, which is an important support on closing basis. Next support for Nifty is placed at 9580-9570 levels. US FED Interest Rate Policy would be disclosed tonight and it would impact all global markets, so market would remain cautious.

Also Check 3 Stocks to watch Today

FIIs were net sellers of Rs.312.40 crores whereas DIIs were net buyers of Rs.304.58 crores in cash market for last trading session. Nifty would see strong support at 9609-9600-9580-9550 whereas strong resistance would be seen at 9650-9684-9705-9715 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (9607) The support for the Nifty is 9609-9600-9580-9550 and the resistance to the up move is at 9650-9684-9705-9715 levels.

NSE BankNifty: (23478) The support for BankNifty is at 23440-23380-23240 and the resistance to the up move is at 23580-23630-23708 levels.

BSE Sensex: (31103) The support for the Sensex is at 31060-30940-30865 and the resistance to the up move is at 31225-31345-31380-31430-31505 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 June 14, 2017

Watch out for the following 3 stocks on June 14, 2017.

1. LUPIN (CMP: 1180)
– Daily Recommendation: BUY on dips
– Support Levels: 1173, 1167
– Resistance Levels: 1187, 1195

2. DREDGECORP (CMP: 600)
– Daily Recommendation: BUY on dips
Support Levels: 594.50, 590
Resistance Levels: 605, 611.40

3. MINDTREE (CMP: 531.80)
– Daily Recommendation: SELL on rise
– Support Levels: 527.20, 522.60
– Resistance Levels: 536, 539.30

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, June 13, 2017

Gold (28993): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 29287 levels. Traders can initiate short positions on every rise until Gold Future closes above 29287 levels.

Silver (39165):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 39923  levels.

Crude (2988): 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 3036 levels.

Natural Gas (195.30): 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 200.10 levels.

Copper (372.95): 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 368.30.

Zinc (159.35): 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 157.50 levels.

Lead (132.00): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 135.55 levels.

Nickel (564.00):  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 580.00 levels.

Aluminium (121.25):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 123.20 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Tuesday, June 13, 2017

equitypandit_square

Buy At Dips And Short At Rally Until Nifty Holds 9609 On Closing Basis

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened gap negative for the day. EquityPandit predicted that huge volatility would be seen in the market and traders can buy at dips and sell at rally until Nifty holds 9609 levels on closing basis and exactly same happened. Indian Stock Market moved sharply negative after opening and saw lows right near EquityPandit’s predicted support levels of 9600 like a dot. Market recovered from there and managed to close above EquityPandit’s predicted reversal levels of 9609 levels. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market would open positive. Technically, Indian Stock Market is still in positive zone until Nifty holds 9609 levels. Some short covering can’t be ruled out after yesterday’s downfall. Still 9600 would act as immediate support for Nifty and breaching which, downside would open till 9580-9570 which would act as immediate support levels for Nifty. CPI Inflation fell to 2.18 percent in May, lowest in last 5 years due to fall in food prices. This opens the scope of rate cut by RBI in near future but this also indicate weaker economic activity and poor demand. If Nifty closes below 9609 levels, then it would enter into negative zone. As of now, traders can go long at dips and short at rally until Nifty breaches the range of 9609-9700 on either side. Market would also keenly look at US FED Interest rate policy on June 14, this week.

Also Check 3 Stocks to watch Today

FIIs were net sellers of Rs.169.25 crores whereas DIIs were net sellers of Rs.63.11 crores in cash market for last trading session. Nifty would see strong support at 9609-9600-9580-9550 whereas strong resistance would be seen at 9650-9684-9705-9715 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (9616) The support for the Nifty is 9609-9600-9580-9550 and the resistance to the up move is at 9650-9684-9705-9715 levels.

NSE BankNifty: (23470) The support for BankNifty is at 23440-23380-23240 and the resistance to the up move is at 23510-23580-23630-23708 levels.

BSE Sensex: (31096) The support for the Sensex is at 31060-30940-30865 and the resistance to the up move is at 31225-31345-31380-31430-31505 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 June 13, 2017

Watch out for the following 3 stocks on June 13, 2017.

1. ZEEL (CMP: 513.20)
Daily Recommendation: SELL on rise
Support Levels: 508.80, 506
Resistance Levels: 516.80, 521.80

2. CROMPTON (CMP: 224.20)
Daily Recommendation: SELL on rise
Support Levels: 221.20, 215.80
Resistance Levels: 227, 231.25

3. ADANIPOWER (CMP: 27.80)
– Daily Recommendation: BUY on dips
– Support Levels: 27.50, 27.10
– Resistance Levels: 28.35, 28.65

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, June 12, 2017

Gold (29019): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 29318 levels. Traders can initiate short positions on every rise until Gold Future closes above 29318 levels.

Silver (39694):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40321  levels.

Crude (2959): 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 3036 levels.

Natural Gas (196.10): 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 200.10 levels.

Copper (377.15): 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 367.60.

Zinc (163.15): 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 157.30 levels.

Lead (135.20): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 135.55 levels.

Nickel (576.60):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 580.00 levels.

Aluminium (122.60):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 123.55 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, June 12, 2017

equitypandit_square

Event-Packed Week, Nifty Reversal Only Below 9609, Volatility To Increase

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that market is still positive and traders should hold long positions until Nifty closes below 9630 levels and exactly same happened. Indian Stock Market moved sharply negative and saw lows at 9608 levels. Market saw sharp recovery from day lows and managed to close positive for the day.

Today: Indian Stock Market would open gap negative. Technically, Indian Stock Market is still in positive zone. Nifty would see reversal i.e. would enter into negative zone only if it closes below 9609 levels on spot basis. Market has witnessed strong resistance near 9700 levels and strong hands looks to book profits at this point of time. IT stocks would witness huge pressure whereas Auto and Banking stocks would try to hold market. Nifty may open gap negative but some recovery would be seen after opening. If BankNifty is not able to hold then market would see some further downfall. Traders can initiate fresh short positions only if Nifty managed to close below 9609 levels as market is overstretched but until then traders can buy at dips. Overall, Nifty is trading in 9609-9700 range and traders can buy at dips and short at rally until this range breaks on closing basis.

Furthermore, this week is events packed week as IIP for April and CPI for May would be disclosed on June 12, WPI on June 14 and Trade data on June 15, would affect direction of Indian Stock Market. On Global front, FED meeting that would start on June 12 and FED Interest rate decision would be disclosed on June 14, this week. Street expects further rate hike this month by 25 bps and hence US FED Policy would affect market across the globe.

Also Check 3 Stocks to watch Today

FIIs were net sellers of Rs.100.99 crores whereas DIIs were net buyers of Rs.324.7 crores in cash market for last trading session. Nifty would see strong support at 9609-9600-9580 whereas strong resistance would be seen at 9684-9705-9715-9725 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (9668) The support for the Nifty is 9609-9600-9580 and the resistance to the up move is at 9684-9705-9715-9725 levels.

NSE BankNifty: (23690) The support for BankNifty is at 23545-23475-23380-23240 and the resistance to the up move is at 23708-23740-23800-23880 levels.

BSE Sensex: (31262) The support for the Sensex is at 31170-31060-30940-30865 and the resistance to the up move is at 31345-31380-31430-31505 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 June 12, 2017

Watch out for the following 3 stocks on June 12, 2017.

1. MARICO (CMP: 316.55)
Daily Recommendation: SELL on rise
Support Levels: 313.20, 309
Resistance Levels: 319.80, 323.20

2. CHENNPETRO (CMP: 383)
Daily Recommendation: SELL on rise
Support Levels: 380.20, 377.10
Resistance Levels: 386, 389

3. EROSMEDIA (CMP: 232.80)
– Daily Recommendation: BUY on dips
– Support Levels: 228.50, 225.20
– Resistance Levels: 237, 240.60

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.

Natural Gas Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for Natural Gas for the week  (June 12, 2017 – June 16, 2017) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS (196) closed the week on positive note gaining around 1.20%.

As we have mentioned last week that support for the commodity lies in the zone of 189 to 190 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 185 to 186 where long term Fibonacci levels are lying. Below these levels the commodity can drift to the levels of 178 to 180. During the week the commodity manages to hit a low of 189 and close the week around the levels of 196.

Support for the commodity lies in the zone of 189 to 190 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 185 to 186 where long term Fibonacci levels are lying. Below these levels the commodity can drift to the levels of 178 to 180.

Resistance for the commodity lies in the zone of 200 to 202 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 204 to 205 where short, medium and long term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 185 – 187 on downside & 204 – 206 on upside.

Crude Oil Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (June 12, 2017 – June 16, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (2959) closed the week on negative note losing around 4.00%.

As we have mentioned last week that support for the commodity lies in the zone of 3000 to 3030 where break out levels for the commodity are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 2900 to 2930. During the week the commodity manages to hit a low of 2910 and close the week around the levels of 2959.

Support for the commodity lies in the zone of 2830 to 2880 where the commodity has taken support in the month of November-2016 and May-2017. If the commodity manages to close below these levels then the commodity can witness a freefall and can drift to the levels of 2600 to 2650.

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 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3200 to 3230 where Fibonacci levels and medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 2800 – 2830 on downside & 3100 – 3130 on upside.

Aluminium Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for Aluminium for the week  (June 12, 2017 – June 16, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (122.60) closed the week on negative note losing around 1.00%.

As we have mentioned last week that support for the commodity lies in the zone of around 123 to 123.50 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 121 to 121.50 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 121 and close the week around the levels of 122.60.

Support for the commodity lies in the zone of around 121 to 121.50 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 119 to 120 where Fibonacci levels and 200 Daily moving averages are lying.

Resistance for the commodity lies in the zone of 123.00 to 123.50 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 124.50 to 125 where short & medium term moving averages and Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 120 – 121 on downside and 124 – 125 on upside.

Nickel Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for Nickel for the week  (June 12, 2017 – June 16, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (576.60) closed the week on positive note gaining around 0.40%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 578 to 580. 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. During the week the commodity manages to hit a high of 581 and close the week around the levels of 577.

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 585 to 590. 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 555 – 560 on downside & 590 – 595 on upside.

Lead Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for Lead for the week  (June 12, 2017 – June 16, 2017) :

LEAD:

 

LEAD 1

 

LEAD (135.20) closed the week on negative note losing around 0.40%.

As we have mentioned last week that minor support for the commodity lies in the zone of 133 to 134. Support for the commodity lies in the zone of 130 to 131 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 132 and close the week around the levels of 135.

Minor support for the commodity lies in the zone of 133 to 134. Support for the commodity lies in the zone of 130 to 131 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 short & 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 (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for Zinc for the week  (June 12, 2017 – June 16, 2017) :

ZINC:

 

ZINC 1

 

ZINC (163.15) closed the week on a positive note gaining around 0.10%.

As we have mentioned last week that support for the commodity lies in the zone of 162 to 163 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 156 and close the week around the levels of 163.

Support for the commodity lies in the zone of 162 to 163 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 165 to 166. Resistance for the commodity lies in the zone of 168 to 170 from where the commodity broke down after consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of 172 to 173 where 200 Daily moving averages are lying.

Broad range for the commodity in the coming week can be seen between 153 – 155 on downside & 170 – 172 on upside.

Copper Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for Copper for the week  (June 12, 2017 – June 16, 2017) :

COPPER:

 

COPPER 1

 

COPPER (377) closed the week on positive note gaining around 2.80%.

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 377 and close the week around the levels of 377.

Minor support for the commodity lies in the zone of 375 to 376. Support for the commodity lies in the zone of 368 to 370 where 200 Daily moving averages and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 361 to 363 where Fibonacci level are lying.

Resistance for the commodity lies in the zone of 379 to 381 where medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 388 to 390 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 366 – 368 on downside & 388 – 390 on upside.

Silver Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for Silver for the week  (June 12, 2017 – June 16, 2017) :

SILVER:

 

SILVER 1

 

SILVER (39694) closed the week on negative note losing 1.50%.

As we have mentioned last week that resistance for the commodity lies in the zone of 40600 to 40700 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 41100 to 41200 where medium term moving averages are lying. Above these levels the commodity can move to the levels of 41700 to 41800 where 200 daily moving averages are lying. During the week the commodity manages to hit a high of 40842 and close the week around the levels of 39694.

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 where break out levels for the commodity is lying. Below these levels the commodity can drift to the levels of 38400 to 38500.

Minor resistance for the commodity lies in the zone of 39900 to 40000. Resistance for the commodity lies in the zone of 40600 to 40700 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 41100 to 41200 where medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 38500 – 38700 on downside & 40500 – 40700 on upside.

Gold Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for Gold for the week  (June 12, 2017 – June 16, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29019) closed the week on positive note gaining around 0.50%.

As we have mentioned last week that 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. During the week the commodity manages to hit a high of 29585 and close the week around the levels of 29019.

Support for the commodity lies in the zone of 28700 to 28800. 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 29550 to 29650 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 28500 – 28600 on downside & 29500 – 29600 on upside.

Colgate Palmolive Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week  (June 12, 2017 – June 16, 2017) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on positive note gaining around 4.90%.

As we have mentioned last week that resistance for the stock lies in the zone of 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 1085 and close the week around the levels of 1076.

Support for the stock lies in the zone of 1045 to 1055 from where the stock broke out of double top pattern. If the stock manages to close below these levels then the stock can drift to the levels of 1000 to 1010 where short term moving averages are lying.

Resistance for the stock lies in the zone of 1090 to 1100 where the stock has formed a life time high in the month of April-2015. If the stock manages to close above these levels then the stock can move to the levels of 1125 to 1135 where Fibonacci levels are lying.

Broad range for the stock is seen between 1020 to 1030 on downside & 1120 to 1030 on upside.

Dabur Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for DABUR for the week  (June 12, 2017 – June 16, 2017) :

DABUR:

 

DABUR

 

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

As we have mentioned last week that support for the stock lies in the zone of 281 to 282 where 200 Daily Moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 277 to 279 where Fibonacci levels are lying. During the week the stock manages to hit a low of 277 and close the week around the levels of 282.

Support for the stock lies in the zone of 280 to 282 where 200 Daily Moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 277 to 279 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 286 to 288 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 293 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 & 292 to 295 on upside.

Hindustan Unilever Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week  (June 12, 2017 – June 16, 2017) :

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on positive note gaining around 0.80%.

As we have mentioned last week that resistance for the stock lies in the zone of 1110 to 1120. If the stock manages to close above these levels then the stock can move to the levels of 1160 to 1170. During the week the stock manages to hit a high of 1115 and close the week around the levels of 1095.

Minor support for the stock lies in the zone of 1075 to 1085. Support for the stock lies in the zone of 1030 to 1040 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1010 to 1020 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 1110 to 1120. If the stock manages to close above these levels then the stock can move to the levels of 1160 to 1170.

Broad range for the stock in coming week is seen between 1030 to 1040 on downside & 1130 to 1140 on upside.

ITC Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for ITC for the week  (June 12, 2017 – June 16, 2017) :

ITC:

 

ITC

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 312 to 314. 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. During the week the stock manages to hit a low of 305 and close the week around the levels of 306.

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.

Minor resistance for the stock lies in the zone of 310 to 312. Resistance for the stock lies in the zone of 320 to 322 where the stock has formed a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 330 to 332.

Broad range for the stock in coming week is seen between 292 to 295 on downside & 320 to 322 on upside.

Cipla Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for Cipla for the week  (June 12, 2017 – June 16, 2017) :

CIPLA:

 

CIPLA

 

CIPLA 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 535 to 538. Resistance for the stock lies in the zone of 542 to 545 from where the stock broke down from double bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 555 to 560 where short term moving averages are lying. During the week the stock manages to hit a high of 556 and close the week around the levels of 551.

Minor support for the stock lies in the zone of 535 to 540. Support for the stock lies in the zone of 515 to 520 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can move to the levels of 500 to 505.

Resistance for the stock lies in the zone of 555 to 560 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 570 to 575 where medium term and long term moving averages are lying.

Broad range for the stock is seen in the range of 520 – 525 on downside & 570 – 575 on upside.

Dr. Reddy Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (June 12, 2017 – June 16, 2017) :

DR. REDDY:

 

DRREDDY

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 2550 to 2570 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2620 to 2650 where Fibonacci levels are lying. During the week the stock manages to hit a high of 2666 and close the week around the levels of 2629.

Minor support for the stock lies in the zone of 2550 to 2570. 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 2640 to 2660 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 2730 to 2760 where the stock has formed a double top pattern.

Broad range for the stock is seen from 2500 – 2530 on downside & 2730 – 2760 on upside.

Lupin Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for Lupin for the week  (June 12, 2017 – June 16, 2017) :

LUPIN:

 

LUPIN

 

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

As we have mentioned last week that the stock has broken down on long term charts. Virtually no support lies for the stock. Minor support for the stock lies in the zone of 1130 to 1140. 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. During the week the stock manages to hit a low of 1142 and close the week around the levels of 1160.

The stock has broken down on long term charts. Virtually no support lies for the stock. Minor support for the stock lies in the zone of 1130 to 1140. 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 1170 to 1180. 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 1080 – 1100 on downside & 1200 – 1210 on upside.

Sun Pharma Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for Sun Pharma for the week  (June 12, 2017 – June 16, 2017) :

SUN PHARMA:

 

SUNPHARMA

 

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

As we have mentioned last week that the stock is in a freefall and no support zone is holding. Support for the stock lies in the zone of 492 to 495. If the stock manages to close below these levels then the stock can drift to the levels of 470 to 475. During the week the stock manages to hit a low of 503 and close the week around the levels of 525.

Minor support for the stock lies in the zone of 515 to 520. Support for the stock lies in the zone of 500 to 505. If the stock manages to close below these levels then the stock can drift to the levels of 470 to 475.

Resistance for the stock lies in the zone of 530 to 535 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 560 to 565 from where the stock has opened gap down.

The stock has taken support around the levels of 500 where declining trend-line joining lows of 704 (November-2015) and 572 (November-2016) is lying. If the stock manages to hold on to the support zone and sector sees some value buying then the stock can move to the levels of 600 to 630 where channel resistance for the stock is lying.

Broad range for the stock in the coming week can be 500 – 505 on lower side & 550 – 555 on upper side.

Wipro Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for Wipro for the week  (June 12, 2017 – June 16, 2017) :

WIPRO:

 

WIPRO

 

Wipro closed the week on negative note losing around 2.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 555 to 557 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 562 to 566. During the week the stock manages to hit a high of 568 and close the week around the levels of 537.

Minor support for the stock lies in the zone of 535 to 540. 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.

Minor resistance for the stock lies in the zone of 540 to 545. Resistance for the stock lies in the zone of 555 to 557 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 565 to 568.

Broad range for the stock in the coming week is seen between 510 to 515 on downside & 555 to 560 on upside.

HCL Tech Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for HCL Tech for the week  (June 12, 2017 – June 16, 2017) :

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on positive note gaining around 0.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 910 and close the week around the levels of 861.

Minor support for the stock lies in the zone of 845 to 850. 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 858 to 862 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 (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for TCS for the week  (June 12, 2017 – June 16, 2017)  :

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on negative note losing around 2.30%.

As we have mentioned last week that minor support for the stock lies in the zone of 2530 to 2540. 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. During the week the stock manages to hit a low of 2486 and close the week around the levels of 2507.

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.

Minor resistance for the stock lies in the zone of 2540 to 2560. 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 2670 to 2700.

Broad range for the stock in the coming week is seen between 2400 to 2430 on downside & 2600 to 2630 on upside.

Infosys Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for Infosys for the week  (June 12, 2017 – June 16, 2017) :

INFOSYS:

 

INFY

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 989 and close the week around the levels of 949.

Support for the stock lies in the zone of 935 to 945 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 900 to 910 where the stock has taken support in the month of November-2016, January-2017 and April-2017.

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 900 to 910 on downside & 1000 to 1010 on upside.

HDFC Bank Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for HDFC Bank for the week  (June 12, 2017 – June 16, 2017) :

HDFC BANK:

 

HDFCBANK

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 1670 and close the week around the levels of 1667.

Minor support for the stock lies in the zone of 1650 to 1655. Support for the stock lies in the zone of 1600 to 1620 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 1570 to 1580 from where the stock broke out of April-2017 highs.

Minor resistance for the stock lies in the zone of 1675 to 1680. Resistance for the stock lies in the zone of 1720 to 1730. If the stock manages to close above these levels then the stock can move to the levels of around 1755 to 1765.

Broad range for the stock in the coming week can be 1600 to 1620 on lower side & 1720 to 1730 on upper side.

SBI Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for SBI for the week  (June 12, 2017 – June 16, 2017) :

STATE BANK OF INDIA:

 

SBIN

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 293 and close the week around the levels of 289.

Minor support for the stock lies in the zone of 283 to 285. 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 270 to 272 where long term moving averages and break-out levels for the stock 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 (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (June 12, 2017 – June 16, 2017) :

AXIS BANK:

 

AXISBANK

 

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

As we have mentioned last week that 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. During the week the stock manages to hit a low of 506 and close the week around the levels of 514.

Support for the stock lies in the zone of 502 to 506 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.

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 (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for ICICI Bank for the week  (June 12, 2017 – June 16, 2017) :

ICICI BANK:

 

ICICIBANK

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 327 and close the week around the levels of 322.

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 326 to 328 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 340 to 342 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be 310– 312 on lower side & 330 – 332 on upper side.

Nifty Media Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for NIFTY MEDIA for the week  (June 12, 2017 – June 16, 2017) :

NIFTY MEDIA:

 

NIFTYMEDIA

 

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

As we have mentioned last week that minor support for the index lies in the zone of 3070 to 3090. 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. During the week the index manages to hit a low of 3068 and close the week around the levels of 3096.

Minor support for the index lies in the zone of 3070 to 3090. Support for the index lies in the zone of 3000 to 3020 from where the index broke out of February-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 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 (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for NIFTY REALTY for the week  (June 12, 2017 – June 16, 2017) :

NIFTY REALTY:

 

NIFTYREALT

 

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

As we have mentioned last week that 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. During the week the index manages to hit a low of 250 and close the week around the levels of 260.

Minor support for the index lies in the zone of 255 to 257. 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 250 to 252 on downside & 270 to 272 on upside.

Nifty PSU Bank Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (June 12, 2017 – June 16, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

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

As we have mentioned last week that support for the index lies in the zone of 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. During the week the index manages to hit a low of 3486 and close the week around the levels of 3519.

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 3570 to 3590. Resistance for the index lies in the zone of 3680 to 3700 from where the index broke down. If the index manages to close above these levels then the index can move to the levels of 3780 to 3820 from where the index sold off in the month of May-2017.

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

Nifty Metal Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for NIFTY METAL for the week  (June 12, 2017 – June 16, 2017) :

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week that 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. During the week the index manages to hit a low of 2888 and close the week around the levels of 2998.

Minor support for the index lies in the zone of 2920 to 2940. Support for the index lies in the zone of 2830 to 2850 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 3030 to 3050 where medium term moving averages and the highs for the month of May-2017 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 & 3080 to 3100 on upside.

Nifty Energy Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (June 12, 2017 – June 16, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

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

As we have mentioned last week that support for the index lies in the zone of 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 11642 and close the week around the levels of 11688.

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 11800 to 11900. 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 top in the month of April-2017.

Broad range for the index is seen between 11400 to 11450 on downside & 12000 to 12100 on upside.

Nifty Auto Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (June 12, 2017 – June 16, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

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

As we have mentioned last week that minor support for the index lies in the zone of 10750 to 10800. Support for the index lies in the zone of 10600 to 10650 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 10300 to 10400 where Fibonacci levels are lying. During the week the index manages to hit a low of 10793 and close the week around the levels of 11047.

Minor support for the index lies in the zone of 10850 to 10900. Support for the index lies in the zone of 10600 to 10650 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 10300 to 10400 where Fibonacci levels and short term moving averages are lying.

Resistance for the index lies in the zone of 11000 to 11100 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 11250 to 11300.

Broad range for the index is seen from 10500 to 10600 on downside & 11300 to 11400 on upside.

Nifty Pharma Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for NIFTY Pharma for the week  (June 12, 2017 – June 16, 2017) :

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week that minor support for the index lies in the zone of 9050 to 9150. Support for the index lies in the zone of 8600 to 8650 where the index has formed a short term bottom. 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. During the week the index manages to hit a low of 9150 and close the week around the levels of 9507.

Support for the index lies in the zone of 9250 to 9300 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where the index has formed a short term bottom.

Resistance for the index lies in the zone of 9700 to 9750 from where the index broke down from November-2016 lows. If the index manages to close above these levels then the index can move to the levels of 9850 to 9900 from where the index broke down from double bottom pattern and short term moving averages are lying.

Broad range for the index is seen from 9200 to 9250 on downside & 9700 to 9750 on upside.

Nifty FMCG Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (June 12, 2017 – June 16, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on negative note losing around 1.70%.

As we have mentioned last week that resistance for the index lies in the zone of 26600 to 26700. If the index manages to close above these levels then the index can move to the levels of 27200 to 27400 where Fibonacci levels are lying. During the week the index manages to hit a high of 26515 and close the week around the levels of 25941.

Support for the index lies in the zone of 25400 to 25500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 24500 to 24600 where break out levels are lying.

Minor resistance for the index lies in the zone of 26000 to 26100. Resistance for the index lies in the zone of 26500 to 26600. If the index manages to close above these levels then the index can move to the levels of 27200 to 27400 where Fibonacci levels are lying.

Broad range for the index in the coming week is seen from 25000 to 25100 on downside & 27000 to 27100 on upside.

Nifty IT Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for NIFTY IT for the week  (June 12, 2017 – June 16, 2017) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 1.60%.

As we have mentioned last week that minor resistance for the index lies in the zone of 10700 to 10750. 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. During the week the index manages to hit a high of 11016 and close the week around the levels of 10443.

Support for the index lies in the zone of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10100 where Fibonacci levels and trend-line support for the index is lying.

Resistance for the index lies in the zone of 10500 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 10000 to 10100 on downside & 10700 to 10800 on upside.

Nifty Bank Outlook for the Week (June 12, 2017 – June 16, 2017)

 

EquityPandit’s Outlook for Nifty Bank for the week  (June 12, 2017 – June 16, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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

As we have mentioned last week that 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. During the week the index manages to hit a high of 23709 and close the week around the levels of 23691.

Minor support for the index lies in the zone of 23450 to 23500. Support for the index lies in the zone of 22900 to 23000 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 22400 to 22500 where short term moving averages and break out levels for the index is lying.

Resistance for the index lies in the zone of 23700 to 23800 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 24150 to 24250.

Range for the week is seen from 23300 to 23400 on downside & 24100 to 24200 on upside.

Nifty Outlook for the Week (June 12, 2017 – June 16, 2017)

Equityandit’s Outlook for Nifty for week (June 12, 2017 – June 16, 2017):

NIFTY:

 

NIFTY

 

Nifty closed the week on absolutely flat note.

As we have mentioned last week that minor support for the index lies in the zone of 9550 to 9600. 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 break out gap for the index is lying. During the week the index manages to hit a low of 9608 and close the week around the levels of 9668.

Minor support for the index lies in the zone of 9550 to 9600. 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 break out gap for the index is lying.

Resistance for the index lies in the zone of 9730 to 9750. 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 9450 on downside & 9850 on upside.

MCX Tips for – Friday, June 09, 2017

Gold (29131): Gold Future has entered into negative zone and traders can hold short positions until Gold Future closes above 29514 levels. Traders can initiate short positions on every rise until Gold Future closes above 29514 levels.

Silver (40050):  Silver has entered into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40756  levels.

Crude (2945): 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 3038 levels.

Natural Gas (196.20): 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 200.10 levels.

Copper (370.85): 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 361.20.

Zinc (158.40): Zinc is trading into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc is trading below 160.75 levels.

Lead (134.10): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 135.55 levels.

Nickel (567.90):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 580.00 levels.

Aluminium (122.10):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 123.55 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, June 09, 2017

equitypandit_square

Market Consolidated For A Week, Nifty Ready For A 9630-9700 Range Breakout

 

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat for the day. EquityPandit predicted that market is still positive but showing bearish signals and hence profit booking would be seen at higher levels and exactly same happened. Indian Stock Market moved positive but saw strong resistance right at EquityPandit’s predicted resistance levels of 9684 for Nifty and 23660 for BankNifty like a dot. Market rebounded from day highs right at EquityPandit’s predicted resistance levels and fell down sharply. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed negative for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone. Market has been consolidating for more than a week now and we would soon see a big move in upcoming days. Market is rangebound as Nifty possess strong support at 9630-9600-9580 levels whereas resistance is been seen at 9700 levels. So, Nifty needs to breach any of these levels to see further movement. Downfall is limited as market has many supports nearby. Traders can hold long positions until Nifty holds 9630 levels and initiate fresh short positions if Nifty closes below 9594 levels. Until then traders can hold long positions but book profits near 9680-9700 levels and wait for Nifty to breach 9700 levels for initiating fresh long positions.

Also Check 3 Stocks to watch Today

FIIs were net buyers of Rs.90.78 crores whereas DIIs were net buyers of Rs.738.78 crores in cash market for last trading session. Nifty would see strong support at 9630-9600-9580 whereas strong resistance would be seen at 9684-9705-9715-9725 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (9647) The support for the Nifty is 9630-9600-9580 and the resistance to the up move is at 9684-9705-9715-9725 levels.

NSE BankNifty: (23536) The support for BankNifty is at 23420-23380-23240-23180 and the resistance to the up move is at 23600-23660-23740 levels.

BSE Sensex: (31213) The support for the Sensex is at 31170-31060-30940-30865 and the resistance to the up move is at 31345-31380-31430-31505 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 June 09, 2017

Watch out for the following 3 stocks on June 09, 2017.

1. BALMLAWRIE (CMP: 236.50)
Daily Recommendation: BUY on dips
Support Levels: 234.20, 230.60
Resistance Levels: 239.50, 241.60

2. TATASPONGE (CMP: 836)
Daily Recommendation: SELL on rise
Support Levels: 828, 817
Resistance Levels: 844, 853

3. PIIND (CMP: 829)
Daily Recommendation: BUY on dips
Support Levels: 822, 815
Resistance Levels: 837, 846

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, June 08, 2017

Gold (29440): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 29184 levels. Traders can initiate long positions on every dip until Gold Future closes below 29184 levels.

Silver (40552):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 40171  levels.

Crude (2966): 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 3131 levels.

Natural Gas (196.40): 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 200.10 levels.

Copper (363.85): 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 367.90.

Zinc (156.80): Zinc is trading into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc is trading below 160.75 levels.

Lead (132.50): 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 135.55 levels.

Nickel (568.80):  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 580.00 levels.

Aluminium (122.40):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 123.55 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, June 08, 2017

equitypandit_square

Nifty Still Positive, Immediate Support At 9630, Reversal Below 9594

 

Last Trading Session: Indian Stock Market opened positive. EquityPandit predicted that traders should go long at dips until Nifty holds 9580 levels for targets of 9700 and exactly same happened. Indian Stock Market consolidated for past few days but moved positive and achieved EquityPandit’s predicted targets of 9700 for Nifty. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market would open flat. Technically, Indian Stock Market is still in positive zone. BEARISH ENGULFING Candlestick Pattern on Tuesday and DOJI Candlestick Pattern on Wednesday suggest that Nifty is showing bearish signals but still in indecisive mode. 9630 is the immediate strong support for Nifty and traders can hold long positions until 9630 holds for Nifty on closing basis. BankNifty has made new record highs and still very strong. Overall market is strong until Nifty holds 9630 levels. Nifty can see some profit booking below 9630 levels but would see support at 9600-9580 levels. Traders can initiate fresh short positions only if Nifty closes below 9594 levels on closing basis. Market is already at its highs and profit booking cant be ruled out at this point of time so, fresh long should not be taken until Nifty holds above 9700 levels.

Also Check 3 Stocks to watch Today

FIIs were net buyers of Rs.73.79 crores whereas DIIs were net buyers of Rs.166.22 crores in cash market for last trading session. Nifty would see strong support at 9630-9600-9580 whereas strong resistance would be seen at 9684-9705-9715 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (9664) The support for the Nifty is 9630-9600-9580 and the resistance to the up move is at 9684-9705-9715 levels.

NSE BankNifty: (23568) The support for BankNifty is at 23420-23380-23240-23180 and the resistance to the up move is at 23600-23660-23740 levels.

BSE Sensex: (31271) The support for the Sensex is at 31170-31060-30940-30865 and the resistance to the up move is at 31345-31380-31430-31505 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 June 08, 2017

Watch out for the following 3 stocks on June 08, 2017.

1. HEIDELBERG (CMP: 132.35)
Daily Recommendation: BUY on dips
Support Levels: 131, 129.20
Resistance Levels: 134.50, 137

2. BHARATFIN (CMP: 740)
Daily Recommendation: BUY on dips
Support Levels: 734, 729
Resistance Levels: 747, 753

3. RAJESHEXPO (CMP: 644)
Daily Recommendation: SELL on rise
Support Levels: 639, 634
Resistance Levels: 646, 651

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, June 07, 2017

Gold (29567): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 29155 levels. Traders can initiate long positions on every dip until Gold Future closes below 29155 levels.

Silver (40777):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 40171  levels.

Crude (3090): 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 3170 levels.

Natural Gas (196.60): 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 200.10 levels.

Copper (363.25): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 367.90.

Zinc (158.30): 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 162.80 levels.

Lead (133.10): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 136.00 levels.

Nickel (575.40):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 580.00 levels.

Aluminium (122.50):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 123.55 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

3 Stocks to watch on June 07, 2017

Watch out for the following 3 stocks on June 07, 2017.

1. TAKE (CMP: 133.55)
Daily Recommendation: BUY on dips
Support Levels: 132, 130.20
Resistance Levels: 135.5, 138

2. ACC (CMP: 1607)
Daily Recommendation: SELL on rise
Support Levels: 1597, 1585
Resistance Levels: 1616, 1625

3. OMAXE (CMP: 199)
Daily Recommendation: SELL on rise
Support Levels: 198, 196
Resistance Levels: 200.50, 201.60

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.

MCX Tips for – Tuesday, June 06, 2017

Gold (28889): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28755 levels. Traders can initiate long positions on every dip until Gold Future closes below 28755 levels.

Silver (40453):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 39970  levels.

Crude (3052): 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 3171 levels.

Natural Gas (193.20): 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 200.10 levels.

Copper (364.85): Copper has entered into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 369.55.

Zinc (160.25): 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 164.10 levels.

Lead (135.30): 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 136.00 levels.

Nickel (572.10):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 580.00 levels.

Aluminium (122.25):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 124.45 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

3 Stocks to watch on June 06, 2017

Watch out for the following 3 stocks on June 06, 2017.

1. MANAPPURAM (CMP: 91.80)
Daily Recommendation: BUY on dips
Support Levels: 91.10, 89.75
Resistance Levels: 93.10, 94.50

2. GSFC (CMP: 132)
Daily Recommendation: BUY on dips
Support Levels: 130.80, 129.60
Resistance Levels: 133.50, 134.70

3. GESHIP (CMP: 404.85)
Daily Recommendation: SELL on rise
Support Levels: 401.10, 397.30
Resistance Levels: 40