Colgate Palmolive Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week  (July 31, 2017 – Aug 04, 2017) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on absolutely flat note.

As we have mentioned last week that minor resistance for the stock lies in the zone of 1080 to 1090. 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 1150 to 1160 where Fibonacci levels are lying. During the week the stock manages to hit a high of 1084 and close the week around the levels of 1071.

Support for the stock lies in the zone of 1062 to 1065 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.

Minor resistance for the stock lies in the zone of 1080 to 1090. 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 1150 to 1160 where Fibonacci levels are lying.

Broad range for the stock is seen between 1030 to 1040 on downside & 1110 to 1120 on upside.

Dabur Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for DABUR for the week  (July 31, 2017 – Aug 04, 2017) :

DABUR:

 

DABUR

 

Dabur closed the week on positive note gaining around 2.60%.

As we have mentioned last week, that resistance for the stock lies in the zone of 303 to 305 where the stock has formed a top in the month of August-2016 and November-2016. If the stock manages to close above these levels then the stock can move to the levels of 316 to 320 where long term Fibonacci levels are lying and life time highs for the stock is lying. During the week the stock manages to hit a high of 314 and close the week around the levels of 310.

Minor support for the stock lies in the zone of 306 to 308. Support for the stock lies in the zone of 298 to 300 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 where short term moving averages and highs of the month of June-2017 is lying.

Resistance for the stock lies in the zone of 316 to 320 where long term Fibonacci levels are lying and life time highs for the stock is lying. If the stock manages to close above these levels then the stock can move to the levels of 330 to 335.

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

Hindustan Unilever Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week  (July 31, 2017 – Aug 04, 2017) :

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on negative note losing around 0.40%.

As we have mentioned last week that minor support for the stock lies in the zone of 1140 to 1145. Support for the stock lies in the zone of 1118 to 1125 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 1170 to 1180 where short term moving averages are lying. During the week the stock manages to hit a low of 1142 and close the week around the levels of 1154.

Minor support for the stock lies in the zone of 1140 to 1145. Support for the stock lies in the zone of 1118 to 1125 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 1170 to 1180 where short term moving averages are lying.

Resistance for the stock lies in the zone of 1165 to 1175. If the stock manages to close above these levels then the stock can move to the levels of 1190 to 1200.

Broad range for the stock in coming week is seen between 1120 to 1130 on downside & 1180 to 1190 on upside.

ITC Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for ITC for the week  (July 31, 2017 – Aug 04, 2017) :

ITC:

 

ITC

 

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

As we have mentioned last week, that resistance for the stock lies in the zone of 293 to 295 where Fibonacci levels and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 300 to 302 where Fibonacci levels are lying. During the week the stock manages to hit a high of 295 and close the week around the levels of 292.

Minor support for the stock lies in the zone of 286 to 288. Support for the stock lies in the zone of 280 to 282 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 266 to 268 where Fibonacci levels and 200 Daily moving averages are lying.

Resistance for the stock lies in the zone of 293 to 295 where Fibonacci levels and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 300 to 302 where Fibonacci levels are lying.

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

Cipla Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Cipla for the week  (July 31, 2017 – Aug 04, 2017) :

CIPLA:

 

CIPLA

 

CIPLA closed the week on absolutely flat note.

As we have mentioned last week that minor support for the stock lies in the zone of 555 to 560. Support for the stock lies in the zone of 545 to 550 where short term moving averages are lying. If the stock manages to close below these levels then the stock can move to the levels of 530 to 535. During the week the stock manages to hit a low of 556 and close the week around the levels of 566.

Minor support for the stock lies in the zone of 555 to 560. Support for the stock lies in the zone of 545 to 550 where short term moving averages are lying. If the stock manages to close below these levels then the stock can move to the levels of 530 to 535.

Resistance for the stock lies in the zone of 570 to 575 where long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 585 to 590.

Broad range for the stock is seen in the range of 540 – 545 on downside & 585 – 590 on upside.

Dr. Reddy Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (July 31, 2017 – Aug 04, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 10.80%.

As we have mentioned last week, that resistance for the stock lies in the zone of 2750 to 2780 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. During the week the stock manages to hit a high of 2787 and close the week around the levels of 2465.

Support for the stock lies in the zone of 2370 to 2400 where the stock has formed a bottom in the month of May-2017. If the stock manages to close below these levels then the stock can drift to the levels of 2300 to 2330.

Resistance for the stock lies in the zone of 2480 to 2500 where the stock has opened gap down. If the stock manages to close above these levels then the stock can move to the levels of 2580 to 2600.

Broad range for the stock is seen from 2350 – 2380 on downside & 2580 – 2600 on upside.

Lupin Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Lupin for the week  (July 31, 2017 – Aug 04, 2017) :

LUPIN:

 

LUPIN

 

Lupin closed the week on negative note losing around 6.80%.

As we have mentioned last week, that resistance for the stock lies in the zone of 1160 to 1170 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 1200 to 1220 where high for the month of June-2017 is lying. During the week the stock manages to hit a high of 1175 and close the week around the levels of 1064.

Support for the stock lies in the zone of 1030 to 1040 where the stock has formed a short term bottom. If the stock manages to close below these levels then the stock can drift to the levels of 950 to 960 where Fibonacci levels are lying.

Minor resistance for the stock lies in the zone of 1075 to 1080. Resistance for the stock lies in the zone of 1115 to 1125 where short term moving averages and Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 1140 to 1150 from where the stock broke down after consolidation.

Broad range for the stock in coming week can be seen from 1000 – 1010 on downside & 1100 – 1110 on upside.

Sun Pharma Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Sun Pharma for the week  (July 31, 2017 – Aug 04, 2017) :

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on negative note losing around 4.40%.

As we have mentioned last week that minor support for the stock lies in the zone of 560 to 565. Support for the stock lies in the zone of 550 to 555 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 520 to 525 where break out levels for the stock is lying. During the week the stock manages to hit a low of 549 and close the week around the levels of 551.

Support for the stock lies in the zone of 550 to 555 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 520 to 525 where break out levels for the stock and Fibonacci levels is lying.

Resistance for the stock lies in the zone of 560 to 565 from where the stock has broken down from the H & S Pattern. If the stock manages to close above these levels then the stock can move to the levels of 585 to 590 where the stock has formed a short term top.

Broad range for the stock in the coming week can be 520 – 525 on lower side & 575 – 580 on upper side.

Wipro Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Wipro for the week  (July 31, 2017 – Aug 04, 2017) :

WIPRO:

 

WIPRO

 

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

As we have mentioned last week, that resistance for the stock lies in the zone of 288 to 290. If the stock manages to close above these levels then the stock can move to the levels of 294 to 296 where long term Fibonacci levels are lying. During the week the stock manages to hit a high of 293 and close the week around the levels of 289.

Support for the stock lies in the zone of 284 to 286 from where the stock broke out of June-2017 highs. If the stock manages to close below these levels then the stock can drift to the levels of 275 to 277 from where the stock broke out on gap up opening.

Resistance for the stock lies in the zone of 288 to 290. If the stock manages to close above these levels then the stock can move to the levels of 294 to 296 where long term Fibonacci levels are lying.

Broad range for the stock in the coming week is seen between 282 to 284 on downside & 294 to 296 on upside.

HCL Tech Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for HCL Tech for the week  (July 31, 2017 – Aug 04, 2017) :

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on negative note losing around 1.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 915 to 925 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 950 to 960. During the week the stock manages to hit a high of 928 and close the week around the levels of 893.

Support for the stock lies in the zone of 885 to 895 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 860 to 870 where break out levels and Fibonacci levels are lying.

Resistance for the stock lies in the zone of 915 to 925 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 950 to 960.

Broad range for the stock in the coming week is seen between 860 to 870 on downside & 930 to 940 on upside.

TCS Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for TCS for the week  (July 31, 2017 – Aug 04, 2017)  :

TATA CONSULTANCY SERVICES:

 

TCS

 

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

As we have mentioned last week, that minor resistance for the stock lies in the zone of 2500 to 2515. Resistance for the stock lies in the zone of 2580 to 2600 from where the stock broke down in the month of June-2017. If the stock manages to close above these levels then the stock can move to the levels of 2650. During the week the stock manages to hit a high of 2585 and close the week around the levels of 2484.

Minor support for the stock lies in the zone of 2460 to 2480. Support for the stock lies in the zone of 2400 to 2430 where Fibonacci levels and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2350 to 2360 where trend-line support and 200 moving averages are lying.

Minor resistance for the stock lies in the zone of 2500 to 2515. Resistance for the stock lies in the zone of 2580 to 2600 from where the stock broke down in the month of June-2017. If the stock manages to close above these levels then the stock can move to the levels of 2650.

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

Infosys Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Infosys for the week  (July 31, 2017 – Aug 04, 2017) :

INFOSYS:

 

INFY

 

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

As we have mentioned last week, that support for the stock lies in the zone of 960 to 970 where short term moving averages and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 940 to 945 where Fibonacci levels are lying. During the week the stock manages to hit a low of 962 and close the week around the levels of 997.

Support for the stock lies in the zone of 960 to 970 where short, medium & long term moving averages and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 940 to 945 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 1000 to 1010 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of around 1025 to 1030 where Fibonacci levels and declining trend-line resistance for the stock is lying.

Broad range for the stock in the coming week is seen between 970 to 980 on downside & 1025 to 1035 on upside.

Natural Gas Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Natural Gas for the week  (July 31, 2017 – Aug 04, 2017) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS (189.50) closed the week on negative note losing around 2.00%.

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 184 to 185 where low for the month of June-2017 is lying. During the week the commodity manages to hit a low of 186 and close the week around the levels of 189.50.

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 184 to 185 where low for the month of June-2017 is lying.

Minor resistance for the commodity lies in the zone of 193 to 194. Resistance for the commodity lies in the zone of 196 to 197 where short term moving averages are lying. If the commodity manages to close below these levels then the commodity can move to the levels of 200 to 202 where Fibonacci levels and medium term moving averages are lying.

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

Crude Oil Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (July 31, 2017 – Aug 04, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3192) closed the week on positive note gaining around 7.70%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 2900 to 2930. Support for the commodity lies in the zone of 2800 to 2830 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 2700 to 2750 where long term Fibonacci level is lying. During the week the commodity manages to hit a low of 2936 and close the week around the levels of 3192.

Minor support for the commodity lies in the zone of 3150 to 3160. Support for the commodity lies in the zone of 3080 to 3100 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3000 to 3030 where short term moving averages are lying.

Resistance for the commodity lies in the zone of 3200 to 3230 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3280 to 3300 where 200 Daily moving averages are lying.

Broad range for the commodity in the coming week can be seen between 3080 – 3100 on downside & 3280 – 3300 on upside.

Aluminium Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Aluminium for the week  (July 31, 2017 – Aug 04, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (121.15) 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 123 to 123.50 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 125 to 125.50 where Fibonacci level is lying. During the week the commodity manages to hit a high of 125.40 and close the week around the levels of 121.15.

Support for the commodity lies in the zone of around 121.00 to 121.50 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 119.50 to 120 where Fibonacci levels are lying.

Minor resistance for the commodity lies in the zone of 122 to 122.50. Resistance for the commodity lies in the zone of 123 to 123.50 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 125 to 125.50 where Fibonacci level is lying.

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

Nickel Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Nickel for the week  (July 31, 2017 – Aug 04, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (656.90) closed the week on positive note gaining around 7.10%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 625 to 630 from where the commodity broke down on weekly charts. If the commodity manages to close above these levels then the commodity can move to the levels of around 640 to 645. During the week the commodity manages to hit a high of 658 and close the week around the levels of 657.

Minor support for the commodity lies in the zone of 645 to 650. Support for the commodity lies in the zone of 625 to 630 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 605 to 610 where break out levels and medium term moving averages are lying.

Resistance for the commodity lies in the zone of 665 to 670 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 around 680 to 685 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 620 – 625 on downside & 680 – 685 on upside.

Lead Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Lead for the week  (July 31, 2017 – Aug 04, 2017) :

LEAD:

 

LEAD 1

 

LEAD (147.65) closed the week on positive note gaining around 3.00%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 146 to 148 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 150 to 152 where the commodity has formed a short term top. During the week the commodity manages to hit a high of 150 and close the week around the levels of 148.

Support for the commodity lies in the zone of 145 to 146 where 200 daily moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 142 to 143 where medium term moving averages and Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 149 to 150 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 152 to 154 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 140 – 142 on downside & 152 – 154 on upside.

Zinc Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Zinc for the week  (July 31, 2017 – Aug 04, 2017) :

ZINC:

 

ZINC 1

 

ZINC (178) closed the week on a positive note gaining around 0.30%.

As we have mentioned last week, that support for the commodity lies in the zone of 175 to 176 where 200 Daily moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 170 to 172 where short & medium term moving averages and break out levels for the commodity is lying. During the week the commodity manages to hit a low of 177 and close the week around the levels of 178.

Support for the commodity lies in the zone of 175 to 176 where 200 Daily moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 170 to 172 where short & medium term moving averages and break out levels for the commodity is lying.

Resistance for the commodity lies in the zone of 179 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 185 to 187 where the commodity has formed a short term top and declining trend-line resistance are lying.

Broad range for the commodity in the coming week can be seen between 170 – 172 on downside & 188 – 190 on upside.

Copper Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Copper for the week  (July 31, 2017 – Aug 04, 2017) :

COPPER:

 

COPPER 1

 

COPPER (408.90) closed the week on positive note gaining around 5.10%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 390 to 391 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 395 to 397 where trend-line resistance for the commodity is lying. During the week the commodity manages to hit a high of 414 and close the week around the levels of 409.

Minor support for the commodity lies in the zone of 400 to 403. Support for the commodity lies in the zone of 395 to 397 where trend-line support for the commodity is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 390 to 392 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 412 to 415 where high for the November-2016 and February-2017 is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 422 to 425 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 390 – 393 on downside & 422 – 425 on upside.

Silver Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Silver for the week  (July 31, 2017 – Aug 04, 2017) :

SILVER:

 

SILVER 1

 

SILVER (38460) closed the week on positive note gaining around 0.80%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 37950 to 38000. Support for the commodity lies in the zone of 37500 to 37700 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 37000 to 37200 where break out levels for the commodity is lying. During the week the commodity manages to hit a low of 37652 and close the week around the levels of 38460.

Minor support for the commodity lies in the zone of 37950 to 38000. Support for the commodity lies in the zone of 37500 to 37700 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 37000 to 37200 where break out levels for the commodity is lying.

Resistance for the commodity lies in the zone of 38500 to 38600 where short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 38800 to 39000 from where the commodity has sold off.

Broad range for the commodity in the coming week can be seen between 37500 – 37700 on downside & 39300 – 39500 on upside.

Gold Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Gold for the week  (July 31, 2017 – Aug 04, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28580) closed the week on positive note gaining around 0.10%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 28600 to 28700 where medium and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28900 to 29000 where Fibonacci level is lying. During the week the commodity manages to hit a high of 28610 and close the week around the levels of 28580.

Minor support for the commodity lies in the zone of 28350 to 28400. Support for the commodity lies in the zone of 28100 to 28200 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27800 to 27900 where break out levels are lying.

Resistance for the commodity lies in the zone of 28600 to 28700 where medium and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28900 to 29000 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 28000 – 28100 on downside & 29000 – 29100 on upside.

SBI Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for SBI for the week  (July 31, 2017 – Aug 04, 2017) :

STATE BANK OF INDIA:

 

SBIN

 

SBIN 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 295 to 297 where high for the month of June-2017 is lying. If the stock manages to close above these levels then the stock can move to the levels of 300 to 302. During the week the stock manages to hit a high of 301 and close the week around the levels of 299.

Minor support for the stock lies in the zone of 295 to 296. Support for the stock lies in the zone of 288 to 290 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 279 to 281 from where the stock broke down from the lows of April – 2017 and May – 2017.

Resistance for the stock lies in the zone of 300 to 302. If the stock manages to close above these levels then the stock can move to the levels of 310 to 315 where the stock has formed a top in the month of May-2017.

Broad range for the stock in the coming week can be 290 to 292 on lower side & 312 to 315 on upper side.

Axis Bank Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (July 31, 2017 – Aug 04, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 4.70%.

As we have mentioned last week that minor support for the stock lies in the zone of 536 to 538. Support for the stock lies in the zone of 525 to 530 from where the stock broke out. If the stock manages to close below these levels then the stock can drift to the levels of 510 to 515 where short & medium term moving averages are lying. During the week the stock manages to hit a low of 512 and close the week around the levels of 515.

Support for the stock lies in the zone of 508 to 512 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 490 to 495 where 200 daily moving averages are lying.

Resistance for the stock lies in the zone of 525 to 530. 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 495– 500 on lower side & 535 – 540 on upper side.

ICICI Bank Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for ICICI Bank for the week  (July 31, 2017 – Aug 04, 2017) :

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on negative note losing around 2.00%.

As we have mentioned last week that minor support for the stock lies in the zone of 299 to 300. Support for the stock lies in the zone of 293 to 295 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 284 to 286 where long term Fibonacci levels are lying. During the week the stock manages to hit a low of 294 and close the week around the levels of 296.

Support for the stock lies in the zone of 293 to 295 where break out levels for the stock 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 284 to 286 where long term Fibonacci levels are lying.

Minor resistance for the stock lies in the zone of 299 to 300. Resistance for the stock lies in the zone of 304 to 306 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 310 to 312 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be 284 – 286 on lower side & 305 – 307 on upper side.

HDFC Bank Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for HDFC Bank for the week  (July 31, 2017 – Aug 04, 2017) :

HDFC BANK:

 

HDFCBANK

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 1685 to 1690. Support for the stock lies in the zone of 1650 to 1660 from where the stock broke out 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 around 1600 to 1610. During the week the stock manages to hit a low of 1695 and close the week around the levels of 1778.

Minor support for the stock lies in the zone of 1750 to 1760. Support for the stock lies in the zone of 1700 to 1720 from where the stock broke out of June-2017 highs. If the stock manages to close below these levels then the stock can drift to the levels of around 1650 to 1660 where short term moving averages are lying.

Resistance for the stock lies in the zone of 1800 to 1810. If the stock manages to close above these levels then the stock can move to the levels of around 1850 to 1860.

Broad range for the stock in the coming week can be 1700 to 1720 on lower side & 1850 to 1860 on upper side.

Nifty Media Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for NIFTY MEDIA for the week  (July 31, 2017 – Aug 04, 2017) :

NIFTY MEDIA:

 

NIFTYMEDIA

 

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

As we have mentioned last week that minor support for the index lies in the zone of 3080 to 3100. Support for the index lies in the zone of 3000 to 3030 from where the index broke out. If the index manages to close below these levels then the index can drift to the levels of 2910 to 2940 where Fibonacci levels and 200 Daily moving averages are lying. During the week the index manages to hit a low of 3083 and close the week around the levels of 3106.

Minor support for the index lies in the zone of 3080 to 3100. Support for the index lies in the zone of 3000 to 3030 from where the index broke out. If the index manages to close below these levels then the index can drift to the levels of 2910 to 2940 where Fibonacci levels and 200 Daily moving averages are lying.

Resistance for the index lies in the zone of 3140 to 3160 where 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 3000 to 3030 on downside & 3270 to 3300 on upside.

Nifty Realty Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for NIFTY REALTY for the week  (July 31, 2017 – Aug 04, 2017) :

NIFTY REALTY:

 

NIFTYREALT

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 280 to 282. If the index manages to close above these levels then the index can move to the levels of 290 to 292 where long term Fibonacci levels are lying. During the week the index manages to hit a high of 289 and close the week around the levels of 281.

Minor support for the index lies in the zone of 275 to 276. Support for the index lies in the zone of 264 to 266 where break out levels for the index 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 258 to 260 where breakout level for the index is lying.

Resistance for the index lies in the zone of 280 to 282. If the index manages to close above these levels then the index can move to the levels of 290 to 292 where long term Fibonacci levels are lying.

Broad range for the index is seen between 270 to 272 on downside & 290 to 292 on upside.

Nifty PSU Bank Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (July 31, 2017 – Aug 04, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on positive note gaining around 2.30%.

As we have mentioned last week, that resistance for the index lies in the zone of 3510 to 3530 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3580 to 3600 where high for the month of June-2017 is lying. During the week the index manages to hit a high of 3624 and close the week around the levels of 3592.

Minor support for the index lies in the zone of 3530 to 3550. Support for the index lies in the zone of 3450 to 3470 where Fibonacci levels and short & medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3320 to 3350 where 200 daily moving averages are lying.

Minor resistance for the index lies in the zone of 3600 to 3620. Resistance for the index lies in the zone of 3680 to 3700 from where the index broke down in the month of May-2017. If the index manages to close above these levels then the index can move to the levels of 3800 to 3850 where the index has formed a top in the month of May-2017.

Broad range for the index is seen between 3450 to 3480 on downside & 3700 to 3730 on upside.

Nifty Metal Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for NIFTY METAL for the week  (July 31, 2017 – Aug 04, 2017) :

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on absolutely flat note.

As we have mentioned last week, that resistance for the index lies in the zone of 3200 to 3230 where the index has formed a top in the month of March-2017. If the index manages to close above these levels then the index can move to the levels of 3300 to 3325. During the week the index manages to hit a high of 3298 and close the week around the levels of 3207.

Minor support for the index lies in the zone of 3150 to 3170. Support for the index lies in the zone of 3050 to 3070 from where the index broke out of May-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 2920 to 2950 from where the index has opened gap up.

Resistance for the index lies in the zone of 3200 to 3230 where the index has formed a top in the month of March-2017. If the index manages to close above these levels then the index can move to the levels of 3300 to 3325.

Broad range for the index is seen between 3100 to 3130 on downside & 3300 to 3330 on upside.

Nifty Energy Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (July 31, 2017 – Aug 04, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

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

As we have mentioned last week that the index is trading at all time highs so virtually no resistance is visible. Resistance for the index lies in the zone of 12800 to 12850. If the index manages to close above these levels then the index can move to the levels of 13000. During the week the index manages to hit a high of 12850 and close the week around the levels of 12671.

Minor support for the index lies in the zone of 12450 to 12500. Support for the index lies in the zone of 12100 to 12200 where Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of around 11600 to 11650 where Fibonacci level and highs for the month of February-2017 & March-2017 is lying.

The index is trading at all time highs so virtually no resistance is visible. Resistance for the index lies in the zone of 12800 to 12850. If the index manages to close above these levels then the index can move to the levels of 13000.

Broad range for the index is seen between 12200 to 12300 on downside & 12900 to 13000 on upside.

Nifty Auto Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (July 31, 2017 – Aug 04, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO 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 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 11109 and close the week around the levels of 10935.

Minor support for the index lies in the zone of 10800 to 10850. Support for the index lies in the zone of 10650 to 10700 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10550 where break out levels for the index is 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 10600 to 10700 on downside & 11300 to 11400 on upside.

Nifty Pharma Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for NIFTY Pharma for the week  (July 31, 2017 – Aug 04, 2017) :

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 3.80%.

As we have mentioned last week, that support for the index lies in the zone of 9900 to 9950 where broke 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 9700 to 9750 from where the index broke out of June-2017 highs. During the week the index manages to hit a low of 9641 and close the week around the levels of 9673.

Support for the index lies in the zone of 9550 to 9600 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 9350 to 9400 where the index has taken multiple support.

Minor resistance for the index lies in the zone of 9700 to 9750. Resistance for the index lies in the zone of 9900 to 9950 where medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10200 to 10300 where Fibonacci levels and 200 daily moving averages are lying.

Broad range for the index is seen from 9350 to 9400 on downside & 9900 to 9950 on upside.

Nifty FMCG Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (July 31, 2017 – Aug 04, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 26150 to 26250 where Fibonacci levels 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 27000 to 27100 from where the index opened gap down. During the week the index manages to hit a high of 26276 and close the week around the levels of 26034.

Minor support for the index lies in the zone of 25700 to 25800. 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 24600 to 24700 where Fibonacci levels and medium term moving averages are lying.

Resistance for the index lies in the zone of 26150 to 26250 where Fibonacci levels 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 27000 to 27100 from where the index opened gap down.

Broad range for the index in the coming week is seen from 25000 to 25100 on downside & 26800 to 27000 on upside.

Nifty IT Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for NIFTY IT for the week  (July 31, 2017 – Aug 04, 2017) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on absolutely flat note.

As we have mentioned last week, that support for the index lies in the zone of 10500 to 10600 where trend-line support and Fibonacci levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 10511 and close the week around the levels of 10699.

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

Minor resistance for the index lies in the zone of 10750 to 10800. Resistance for the index lies in the zone of 11000 to 11050 where the index has formed a top in the month of June-2017. If the index manages to close above these levels then the index can move to the levels of 11200 to 11300 where the index has formed a top in the month of August-2016.

Broad range for the index in the coming week is seen from 10400 to 10500 on downside & 11000 to 11100 on upside.

Nifty Bank Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (July 31, 2017 – Aug 04, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on positive note gaining around 2.30%.

As we have mentioned, last week that the index is trading at life time highs so virtually no resistance is visible. Resistance for the index lies in the zone of 24250 to 24300. If the index manages to close above these levels then the index can move to the levels of 24500 to 24600. During the week the index manages to hit a high of 25032 and close the week around the levels of 24811.

Minor support for the index lies in the zone of 24500 to 24600. Support for the index lies in the zone of 23800 to 23900 from where the index broke out of June-2017 highs 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 23300 to 23400 where break out levels for the index is lying.

The index is trading at life time highs so virtually no resistance is visible. Resistance for the index lies in the zone of 25000 to 25100. If the index manages to close above these levels then the index can move to the levels of 25300 to 25400 where channel resistance for the index is lying.

Range for the week is seen from 24000 to 24100 on downside & 25400 to 25500 on upside.

Nifty Outlook for the Week (July 31, 2017 – Aug 04, 2017)

Equityandit’s Outlook for Nifty for week (July 31, 2017 – Aug 04, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 9900 to 9930. If the index manages to close above these levels then the index can move to the levels of 10050 to 10100 where Fibonacci levels and channel resistance for the index is lying. During the week the index manages to hit a high of 10115 and close the week around the levels of 10014.

Minor support for the index lies in the zone of 9900 to 9930. Support for the index lies in the zone of 9670 to 9700 from where the index broke out of June-2017 highs 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 9500 to 9550 where break out levels for the index is lying.

Resistance for the index lies in the zone of 10050 to 10100 where Fibonacci levels and channel resistance for the index is lying. If the index manages to close above these levels then the index can move to the levels of 10400 to 10500.

Broad range for the week is seen from 9700 on downside & 10400 on upside.

Share Market Tips for – Friday, July 28, 2017

equitypandit_square

Market To Correct From Highs, Profit Booking Expected

 

Last Trading Session: Indian Stock Market opened positive as per EquityPandit’s predictions. EquityPandit predicted that Market would continue to see short covering rally (Positive Momentum) on F&O Expiry day to trap the short positions. EquityPandit also predicted that Nifty would see levels of 10100 for the day and exactly same happened. Indian Stock Market moved sharply positive and achieved EquityPandit’s Targets of 10100. Indian Stock Market saw new record highs for the day. Market rebounded from day highs and fell down sharply to close flat for the day.

Today: Indian Stock Market to open gap negative. Technically, Indian Stock Market is still positive. Now since we are done with F&O Expiry and hence we may see some profit booking at this point of time. Nifty has generated bearish candlestick pattern and we would see some profit booking in days to come. Traders can take a chance to go short Nifty with strict stoploss of 10115. Though Market is bullish as of now but correction can’t be ruled out at this point of time. Nifty has touched higher end of trend channel and should rebound from there. Nifty would see reversal and enter into negative zone once it closes below 9983 levels. Traders can initiate fresh short positions if Nifty closes below 9983 levels. L&T would disclose its results today and would affect Indian Stock Market direction.

FIIs were net buyers of Rs.1869.92 crores whereas DIIs were net sellers of Rs.660.03 crores in cash market for last trading session. Nifty would see strong support at 9983-9948-9920 whereas strong resistance would be seen at 10040-10070-10100-10115 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: Coromandel International, Equitas Holdings, Escorts, India Cements, L&T, LIC Housing Finance, NIIT, Oberoi Realty, Shoppers Stop and SKF India.

NSE Nifty: (10021) The support for the Nifty is 9983-9948-9920 and the resistance to the up move is at 10040-10070-10100-10115 levels.

NSE BankNifty: (24922) The support for BankNifty is at 24795-24700-24535-24450 and the resistance to the up move is at 25032-25110-25180-25240 levels.

BSE Sensex: (32383) The support for the Sensex is at 32300-32270-32225-32195 and the resistance to the up move is at 332450-32500-32660 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 – July 27, 2017

Gold (28384): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28365 levels. Traders can initiate long positions on every dip until Gold Future closes below 28365 levels.

Silver (38091):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 37686  levels.

Crude (3132): 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 3052 levels.

Natural Gas (188.40): 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 192.90 levels.

Copper (408.10): 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 403.80.

Zinc (180.25): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc is trading above 178.65 levels.

Lead (147.50): 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 145.60 levels.

Nickel (639.40):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 625.30 levels.

Aluminium (123.55):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 122.65 levels.

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

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Share Market Tips for – Thursday, July 27, 2017

equitypandit_square

Market Expected To See Short Covering On F&O Expiry, Hold Long Positions

 

Last Trading Session: Indian Stock Market opened positive as per EquityPandit’s predictions. EquityPandit predicted that Indian Stock Market is still positive and traders should hold long positions for now. EquityPandit also predicted that Nifty would hover in 9920-10036 range for the day and exactly same happened. Nifty opened positive and moved positive but remained in EquityPandit’s predicted 9920-10036 range for the whole day. Indian Stock Market move sharply positive for the day. Yes Bank’s excellent results forced BankNifty to move sharply positive. Nifty managed to close above 10000 mark for the first time. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market to open positive. Technically, Indian Stock Market is still positive. US FED leaves rates unchanged and hence global markets moved higher. Today is F&O Expiry and huge volatility would be seen for the day. Market would continue to see short covering rally (Positive movement) on F&O Expiry day to trap the short positions. Nifty may see levels of 10036-10070-10100 for the day. Nifty would be remain bullish until it holds 9924 levels on closing basis. Traders should continue to hold long positions for the day. Few Indian Corporate Giants like ICICI Bank, ITC, ONGC, Maruti, IDFC Bank, Biocon and Dr. Reddy would disclose their quarterly earnings today and would affect Indian Stock Market for the day.

FIIs were net sellers of Rs.60.60 crores whereas DIIs were net buyers of Rs.676.61 crores in cash market for last trading session. Nifty would see strong support at 9985-9948-9920 whereas strong resistance would be seen at 10040-10070-10100 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: Biocon, Blue Dart, Cholamandalam Investment, Crompton Greaves, Dr. Reddy Laboratories, Exide Industries, Glenmark Pharma, HCL Technologies, ICICI Bank, Idea Cellular, IDFC Bank, IDFC, ITC, Maruti Suzuki, Motilal Oswal Financial Services, ONGC, Redington India, Tata Coffee, Tata Elxsi and WABCO India.

NSE Nifty: (10021) The support for the Nifty is 9985-9948-9920 and the resistance to the up move is at 10040-10070-10100 levels.

NSE BankNifty: (24671) The support for BankNifty is at 24535-24450-24380-24340 and the resistance to the up move is at 24720-24880 levels.

BSE Sensex: (32382) The support for the Sensex is at 32300-32270-32225-32195 and the resistance to the up move is at 332450-32500-32660 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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Share Market Tips for – Wednesday, July 26, 2017

equitypandit_square

Nifty To Hover In 9920-10036 Range, Yes Bank Results Today

 

Last Trading Session: Indian Stock Market opened positive as per EquityPandit’s predictions. EquityPandit Predicted that Indian Stock Market is in positive zone and traders should hold long positions. Nifty hit record 10000 Mark and saw some profit booking thereafter. Market saw lows right at EquityPandit’s predicted support levels of 9948 for Nifty and 32195 for Sensex like a dot and rebounded from there to close flat for the day.

Today: Indian Stock Market to open positive. Technically, Indian Stock Market is still in positive zone and traders can continue to buy at dips until Nifty holds 9906 on closing basis. Nifty would see immediate support at 9948-9920 while resistance would be seen at 10036 levels. Investors should buy fresh long positions only if Nifty closes above 10000 levels. If Nifty manages to close above 10000 levels then we would again see a next bull movement. Until then market would continue to hover around 9920-10000 range as Investors would remain cautious ahead of FED two days policy Meeting Outcome (July 25-26). Market would remain highly volatile ahead of F&O Expiry and Profit booking can’t be ruled out at this point of time, but overall, market is bullish and any downfall would be an opportunity for traders to go long in the market. Breaching 10040 would force Nifty to see 10100 levels. Yes Bank and Nestle to disclose its quarterly earnings and would affect Indian Stock Market for the day.

FIIs were net buyers of Rs.270.77 crores whereas DIIs were net sellers of Rs.209.50 crores in cash market for last trading session. Nifty would see strong support at 9948-9920-9900-9879 whereas strong resistance would be seen at 10011-10036-10100 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: Bharat Financial Inclusion, Federal Bank, HCL Infosystems, Inox Leisure, L&T Finance Holdings, Mphasis, Nestle India, Orient Cement, PVR, Radico Khaitan and Yes Bank.

NSE Nifty: (9965) The support for the Nifty is 9948-9920-9900-9879 and the resistance to the up move is at 10011-10036-10100 levels.

NSE BankNifty: (24521) The support for BankNifty is at 24450-24380-24340-24260 and the resistance to the up move is at 24640-24710-24880 levels.

BSE Sensex: (32228) The support for the Sensex is at 32195-32110-32060-31940 and the resistance to the up move is at 32320-32380-32450-32500 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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Share Market Tips for – Tuesday, July 25, 2017

equitypandit_square

Nifty Inching Towards 10000 Mark, Hold Long Positions

 

Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that Indian Stock Market has entered into positive zone and traders should go long at every dip in the market. Nifty moved sharply positive as per EquityPandit’s advice. Indian Stock Market saw new record highs for the day. Finally, Indian Stock Market closed gap positive for the day. Nifty closed right below EquityPandit’s predicted resistance levels of 9970.

Today: Indian Stock Market to open positive. Technically, Indian Stock Market is still in positive zone and traders should continue to hold long positions as of now. Every dip would be an opportunity for traders to go long in the market until Nifty holds 9879 levels on closing basis. Nifty is inching towards important psychological resistance levels of 10000. Few Indian corporate Giants like Asian Paints, Axis Bank, Bharti Airtel, Hero MotoCorp and Vedanta Ltd would disclose their quarterly earnings today and would affect Indian Stock Market.

FIIs were net sellers of Rs.366.84 crores whereas DIIs were net buyers of Rs.668.87 crores in cash market for last trading session. Nifty would see strong support at 9948-9920-9900-9879 whereas strong resistance would be seen at 9982-10000-10036-10100 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: Asian Paints, Axis Bank, Bharti Airtel, Glaxosmithkline Pharma, Hero MOtocorp, KPR Mills Ltd, L&T Technology Services, lakshmi Vilas Bank, Pidilite Industries, Raymond and Vedanta Ltd.

NSE Nifty: (9966) The support for the Nifty is 9948-9920-9900-9879 and the resistance to the up move is at 9982-10000-10036-10100 levels.

NSE BankNifty: (24421) The support for BankNifty is at 24380-24340-24260 and the resistance to the up move is at 24460-24500-24640-24710 levels.

BSE Sensex: (32246) The support for the Sensex is at 32195-32110-32060-31940 and the resistance to the up move is at 32320-32380-32450-32500 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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Share Market Tips for – Monday, July 24, 2017

equitypandit_square

Closing Above 9930 Would Force Nifty To See 10000 Levels, HDFC Bank Results Today

 

Last Trading Session: Indian Stock Market opened flat with positive bias. EquityPandit predicted that Nifty is still in negative zone but BankNifty is in positive zone. EquityPandit also predicted that Traders can go long if Nifty closes above 9911 levels as it would enter into positive zone. Indian Stock Market moved sharply down. BankNifty saw support right near EquityPandit’s predicted support levels of 24060 and recovered smartly. Nifty also recovered sharply to close above EquityPandit’s predicted reversal levels. Finally, Indian Stock Market closed positive for the day. Nifty closed right below EquityPandit’s predicted resistance levels of 9918.

Today: Indian Stock Market to open flat. Technically, Indian Stock Market including Nifty and Sensex has entered into positive zone. Immediate resistance would be seen at 9930 levels for Nifty. Closing above 9930 would open door for 10000 levels for Nifty. Once Nifty closes above 9930, we would soon see breaching of 10000 levels for Nifty. Until then some profit booking can be seen. But Overall, market is positive for now and traders should go long at every dip in the market. HDFC Bank would disclose its results today and would affect Indian Stock Market direction for the day.

FIIs were net buyers of Rs.12.90 crores whereas DIIs were net buyers of Rs.147.66 crores in cash market for last trading session. Nifty would see strong support at 9900-9870-9848-9820 whereas strong resistance would be seen at 9930-9970-10000 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: Ambuja Cements, Bharti Infratel, Delta Corp, GIC Housing Finance, HDFC Bank, HUDCO, Indiabulls Housing Finance, Indiabulls Real Estate, Info Edge, IRB Infra, JM Financial, Just Dial, L&T Infotech, M&M Financial Services, Tata Communication, Texmaco and Zee Entertainment Enterprises.

NSE Nifty: (9915) The support for the Nifty is 9900-9870-9848-9820 and the resistance to the up move is at 9930-9970-10000 levels.

NSE BankNifty: (24257) The support for BankNifty is at 24170-24060-23940-23880 and the resistance to the up move is at 24270-24336-24380-24450 levels.

BSE Sensex: (32029) The support for the Sensex is at 31940-31850-31718 and the resistance to the up move is at 32090-32110-32180-32240 levels.

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Natural Gas Outlook for the Week (July 24, 2017 – July 28, 2017)

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

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS (193.40) closed the week on positive note gaining around 0.60%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 196 to 197 where short term moving averages are lying. If the commodity manages to close below these levels then the commodity can move to the levels of 200 to 202 where Fibonacci levels and medium term moving averages are lying. During the week the commodity manages to hit a high of 201 and close the week around the levels of 193.

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 184 to 185 where low for the month of June-2017 is lying.

Resistance for the commodity lies in the zone of 196 to 197 where short term moving averages are lying. If the commodity manages to close below these levels then the commodity can move to the levels of 200 to 202 where Fibonacci levels and medium term moving averages are lying.

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

Crude Oil Outlook for the Week (July 24, 2017 – July 28, 2017)

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

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (2965) closed the week on negative note losing around 0.80%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 3000 to 3030 where short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3080 to 3100 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 3084 and close the week around the levels of 2965.

Minor support for the commodity lies in the zone of 2900 to 2930. Support for the commodity lies in the zone of 2800 to 2830 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 2700 to 2750 where long term Fibonacci level is lying.

Resistance for the commodity lies in the zone of 3000 to 3030 where short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3080 to 3100 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 2850 – 2880 on downside & 3080 – 3100 on upside.

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

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

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (122.45) closed the week on negative note losing around 0.50%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 123.50 to 124. Resistance for the commodity lies in the zone of 125 to 125.50 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 126.50 to 127 where the commodity has formed a top in the month of May-2017. During the week the commodity manages to hit a high of 124.20 and close the week around the levels of 122.45.

Support for the commodity lies in the zone of around 121.00 to 121.50 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 119.50 to 120 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 123 to 123.50 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 125 to 125.50 where Fibonacci level is 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 (July 24, 2017 – July 28, 2017)

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

NICKEL:

 

NICKEL 1

 

NICKEL (613.20) closed the week on absolutely flat note.

As we have mentioned last week, that the commodity has closed just above the major resistance 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 627 and close the week around the levels of 613.

Minor support for the commodity lies in the zone of 605 to 608. Support for the commodity lies in the zone of 595 to 598 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 585 to 587 where short term moving averages are lying.

Resistance for the commodity lies in the zone of 625 to 630 from where the commodity broke down on weekly charts. If the commodity manages to close above these levels then the commodity can move to the levels of around 640 to 645.

Broad range for the commodity in the coming week can be seen between 590 – 595 on downside & 625 – 630 on upside.

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

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

LEAD:

 

LEAD 1

 

LEAD (143.30) closed the week on negative note losing around 3.30%.

As we have mentioned last week that support 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 below these levels then the commodity can drift to the levels of 139 to 140 where long term Fibonacci level is lying. During the week the commodity manages to hit a low of 140 and close the week around the levels of 143.

Support for the commodity lies in the zone of 142 to 143 where medium term 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 139 to 140 where long term Fibonacci level is lying.

Resistance for the commodity lies in the zone of 146 to 148 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 150 to 152 where the commodity has formed a short term top.

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 (July 24, 2017 – July 28, 2017)

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

ZINC:

 

ZINC 1

 

ZINC (177.55) closed the week on a negative note losing around 1.00%.

As we have mentioned last week, that support for the commodity lies in the zone of 178 to 180 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 173 to 174 where 200 Daily moving averages and break out levels are lying. During the week the commodity manages to hit a low of 175 and close the week around the levels of 178.

Support for the commodity lies in the zone of 175 to 176 where 200 Daily moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 170 to 172 where short & medium term moving averages and break out levels for the commodity is lying.

Resistance for the commodity lies in the zone of 179 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 185 to 187 where the commodity has formed a short term top and declining trend-line resistance are lying.

Broad range for the commodity in the coming week can be seen between 170 – 172 on downside & 188 – 190 on upside.

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

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

COPPER:

 

COPPER 1

 

COPPER (389) closed the week on positive note gaining around 1.40%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 385 to 387 where the commodity has formed a top in the month of May-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 390 to 391 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 392 and close the week around the levels of 389.

Minor support for the commodity lies in the zone of 385 to 387. Support for the commodity lies in the zone of 380 to 382 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 375 to 377 where short, medium and 200 Daily moving averages and Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 390 to 391 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 395 to 397 where trend-line resistance for the commodity is lying.

Broad range for the commodity in the coming week can be seen between 378 – 380 on downside & 397 – 399 on upside.

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

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

SILVER:

 

SILVER 1

 

SILVER (38150) closed the week on positive note gaining around 3.20%.

As we have mentioned last week that resistance for the commodity lies in the zone of 36800 to 37000. If the commodity manages to close above these levels then the commodity can move to the levels of 37500 to 37700 where long term Fibonacci levels are lying. During the week the commodity manages to hit a high of 38170 and close the week around the levels of 38150.

Minor support for the commodity lies in the zone of 37950 to 38000. Support for the commodity lies in the zone of 37500 to 37700 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 37000 to 37200 where break out levels for the commodity is lying.

Resistance for the commodity lies in the zone of 38500 to 38600 where short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 38800 to 39000 from where the commodity has sold off.

Broad range for the commodity in the coming week can be seen between 37000 – 37200 on downside & 38800 – 39000 on upside.

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

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

GOLD:

 

GOLD 1

 

GOLD (28541) closed the week on positive note gaining around 2.00%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017 & May-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 28200 to 28300 where Fibonacci level is lying. During the week the commodity manages to hit a high of 28559 and close the week around the levels of 28541.

Minor support for the commodity lies in the zone of 28350 to 28400. Support for the commodity lies in the zone of 28100 to 28200 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27800 to 27900 where break out levels are lying.

Resistance for the commodity lies in the zone of 28600 to 28700 where medium and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28900 to 29000 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 28000 – 28100 on downside & 29000 – 29100 on upside.

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

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

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on absolutely flat note.

As we have mentioned last week that support for the stock lies in the zone of 1062 to 1065 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. During the week the stock manages to hit a low of 1059 and close the week around the levels of 1069.

Support for the stock lies in the zone of 1062 to 1065 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.

Minor resistance for the stock lies in the zone of 1080 to 1090. 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 1150 to 1160 where Fibonacci levels are lying.

Broad range for the stock is seen between 1030 to 1040 on downside & 1110 to 1120 on upside.

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

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

DABUR:

 

DABUR

 

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

As we have mentioned last week, that minor support for the stock lies in the zone of 298 to 300. Support for the stock lies in the zone of 294 to 296 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 286 to 288 where Fibonacci levels are lying. During the week the stock manages to hit a low of 296 and close the week around the levels of 303.

Minor support for the stock lies in the zone of 298 to 300. Support for the stock lies in the zone of 294 to 296 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 286 to 288 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 303 to 305 where the stock has formed a top in the month of August-2016 and November-2016. If the stock manages to close above these levels then the stock can move to the levels of 316 to 320 where long term Fibonacci levels are lying and life time highs for the stock is lying.

Broad range for the stock in the coming week can be seen between 290 to 293 on downside & 315 to 317 on upside.

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

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

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on positive note gaining around 1.70%.

As we have mentioned last week that support for the stock lies in the zone of 1118 to 1125 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 1170 to 1180 where short term moving averages are lying. During the week the stock manages to hit a low of 1130 and close the week around the levels of 1159.

Minor support for the stock lies in the zone of 1140 to 1145. Support for the stock lies in the zone of 1118 to 1125 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 1170 to 1180 where short term moving averages are lying.

Resistance for the stock lies in the zone of 1165 to 1175. If the stock manages to close above these levels then the stock can move to the levels of 1190 to 1200.

Broad range for the stock in coming week is seen between 1120 to 1130 on downside & 1180 to 1190 on upside.

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

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

ITC:

 

ITC

 

ITC closed the week on negative note losing around 14.30%.

As we have mentioned last week that support for the stock lies in the zone of 325 to 330 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 315 to 318 from where the stock broke out of May-2017 highs. During the week the stock manages to hit a low of 276 and close the week around the levels of 289.

Minor support for the stock lies in the zone of 286 to 288. Support for the stock lies in the zone of 280 to 282 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 266 to 268 where Fibonacci levels and 200 Daily moving averages are lying.

Resistance for the stock lies in the zone of 293 to 295 where Fibonacci levels and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 300 to 302 where Fibonacci levels are lying.

Broad range for the stock in coming week is seen between 276 to 278 on downside & 300 to 302 on upside.

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

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

CIPLA:

 

CIPLA

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 552 to 555. 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 577 and close the week around the levels of 566.

Minor support for the stock lies in the zone of 555 to 560. Support for the stock lies in the zone of 545 to 550 where short term moving averages are lying. If the stock manages to close below these levels then the stock can move to the levels of 530 to 535.

Resistance for the stock lies in the zone of 570 to 575 where long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 585 to 590.

Broad range for the stock is seen in the range of 540 – 545 on downside & 585 – 590 on upside.

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

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

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 2.40%.

As we have mentioned last week that minor support for the stock lies in the zone of 2670 to 2680. 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. During the week the stock manages to hit a low of 2682 and close the week around the levels of 2762.

Minor support for the stock lies in the zone of 2700 to 2730. Support for the stock lies in the zone of 2630 to 2650 where Fibonacci levels and short 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 2550 to 2580 where break out levels for the stock is lying.

Resistance for the stock lies in the zone of 2750 to 2780 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 2650 – 2680 on downside & 2820 – 2850 on upside.

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

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

LUPIN:

 

LUPIN

 

Lupin 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 1110 to 1120 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1030 to 1040 where the stock has formed a short term bottom. During the week the stock manages to hit a low of 1131 and close the week around the levels of 1143.

Support for the stock lies in the zone of 1110 to 1120 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1030 to 1040 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone of 1160 to 1170 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 1200 to 1220 where high for the month of June-2017 is lying.

Broad range for the stock in coming week can be seen from 1070 – 1090 on downside & 1180 – 1190 on upside.

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

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

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on positive note gaining around 0.60%.

As we have mentioned last week that resistance for the stock lies in the zone of 565 to 575 from where the stock has opened gap down and lows for the month of November – 2016 is lying. If the stock manages to close above these levels then the stock can move to the levels of 600 to 605. During the week the stock manages to hit a high of 591 and close the week around the levels of 576.

Minor support for the stock lies in the zone of 560 to 565. Support for the stock lies in the zone of 550 to 555 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 520 to 525 where break out levels for the stock is lying.

Resistance for the stock lies in the zone of 580 to 585. If the stock manages to close above these levels then the stock can move to the levels of 600 to 605.

Broad range for the stock in the coming week can be 550 – 555 on lower side & 595 – 600 on upper side.

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

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

WIPRO:

 

WIPRO

 

Wipro closed the week on positive note gaining around 10.00%.

As we have mentioned last week, that resistance for the stock lies in the zone of 264 to 266 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 275 to 277. During the week the stock manages to hit a high of 291 and close the week around the levels of 286.

Minor support for the stock lies in the zone of 281 to 283. Support for the stock lies in the zone of 275 to 277 from where the stock broke out on gap up opening. If the stock manages to close below these levels then the stock can drift to the levels of 269 to 271 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 288 to 290. If the stock manages to close above these levels then the stock can move to the levels of 294 to 296 where long term Fibonacci levels are lying.

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

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

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

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on positive note gaining around 6.40%.

As we have mentioned last week that minor support for the stock lies in the zone of 840 to 845. Support for the stock lies in the zone of 820 to 825 where Fibonacci levels, 200 daily moving averages and break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 800 to 810 where Fibonacci levels are lying. During the week the stock manages to hit a low of 844 and close the week around the levels of 905.

Support for the stock lies in the zone of 885 to 895 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 860 to 870 where break out levels and Fibonacci levels are lying.

Resistance for the stock lies in the zone of 915 to 925 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 950 to 960.

Broad range for the stock in the coming week is seen between 860 to 870 on downside & 950 to 960 on upside.

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

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

TATA CONSULTANCY SERVICES:

 

TCS

 

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

As we have mentioned last week, that resistance for the stock lies in the zone of 2400 to 2430 where short 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 2480 to 2500 where Fibonacci levels are lying. During the week the stock manages to hit a high of 2500 and close the week around the levels of 2491.

Minor support for the stock lies in the zone of 2460 to 2480. Support for the stock lies in the zone of 2400 to 2430 where Fibonacci levels and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2350 to 2360 where trend-line support and 200 moving averages are lying.

Minor resistance for the stock lies in the zone of 2500 to 2515. Resistance for the stock lies in the zone of 2580 to 2600 from where the stock broke down in the month of June-2017. If the stock manages to close above these levels then the stock can move to the levels of 2650.

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

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

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

INFOSYS:

 

INFY

 

INFY 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 955 to 960. Support for the stock lies in the zone of 940 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 920 to 930 where trend-line support for the stock is lying. During the week the stock manages to hit a low of 967 and close the week around the levels of 980.

Support for the stock lies in the zone of 960 to 970 where short term moving averages and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 940 to 945 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 995 to 1005 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of around 1015 to 1025 where Fibonacci levels and declining trend-line resistance for the stock is lying.

Broad range for the stock in the coming week is seen between 950 to 960 on downside & 1015 to 1025 on upside.

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

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

STATE BANK OF INDIA:

 

SBIN

 

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

As we have mentioned last week that support for the stock lies in the zone of 288 to 290 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 279 to 281 from where the stock broke down from the lows of April – 2017 and May – 2017. During the week the stock manages to hit a low of 288 and close the week around the levels of 291.

Support for the stock lies in the zone of 288 to 290 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 279 to 281 from where the stock broke down from the lows of April – 2017 and May – 2017.

Resistance for the stock lies in the zone of 295 to 297 where high for the month of June-2017 is lying. If the stock manages to close above these levels then the stock can move to the levels of 300 to 302.

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

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

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

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 5.40%.

As we have mentioned last week that minor support for the stock lies in the zone of 508 to 510. Support for the stock lies in the zone of 495 to 500 where 200 Daily moving averages is 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 supports. During the week the stock manages to hit a low of 508 and close the week around the levels of 541.

Minor support for the stock lies in the zone of 536 to 538. Support for the stock lies in the zone of 525 to 530 from where the stock broke out. If the stock manages to close below these levels then the stock can drift to the levels of 510 to 515 where short & medium term moving averages are lying.

The stock has broken out of 6 months of consolidation. Resistance for the stock lies in the zone of 548 to 550. If the stock manages to close above these levels then the stock can move to the levels of 590 to 600.

Broad range for the stock in the coming week can be 515– 520 on lower side & 575 – 580 on upper side.

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

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

ICICI BANK:

 

ICICIBANK

 

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

As we have mentioned last week that support for the stock lies in the zone of 293 to 295 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 284 to 286 where long term Fibonacci levels are lying. During the week the stock manages to hit a low of 296 and close the week around the levels of 302.

Minor support for the stock lies in the zone of 299 to 300. Support for the stock lies in the zone of 293 to 295 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 284 to 286 where long term Fibonacci levels are lying.

Resistance for the stock lies in the zone of 304 to 306 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 310 to 312 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be 290 – 292 on lower side & 310 – 312 on upper side.

HDFC Bank Outlook for the Week (July 24, 2017 – July 28, 2017)

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

HDFC BANK:

 

HDFCBANK

 

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

As we have mentioned last week that 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 1715 and close the week around the levels of 1703.

Minor support for the stock lies in the zone of 1685 to 1690. Support for the stock lies in the zone of 1650 to 1660 from where the stock broke out 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 around 1600 to 1610.

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 1670 to 1680 on lower side & 1730 to 1740 on upper side.

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

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

NIFTY MEDIA:

 

NIFTYMEDIA

 

Nifty Media index closed the week on positive note gaining around 3.00%.

As we have mentioned last week that minor resistance for the index lies in the zone of 3060 to 3080. Resistance for the index lies in the zone of 3130 to 3150 where 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. During the week the index manages to hit a high of 3166 and close the week around the levels of 3158.

Minor support for the index lies in the zone of 3080 to 3100. Support for the index lies in the zone of 3000 to 3030 from where the index broke out. If the index manages to close below these levels then the index can drift to the levels of 2910 to 2940 where Fibonacci levels and 200 Daily moving averages are lying.

Resistance for the index lies in the zone of 3130 to 3150 where 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 3000 to 3030 on downside & 3270 to 3300 on upside.

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

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

NIFTY REALTY:

 

NIFTYREALT

 

Nifty REALTY index closed the week on positive note gaining around 1.30%.

As we have mentioned last week, that minor support for the index lies in the zone of 275 to 276. Support for the index lies in the zone of 264 to 266 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 258 to 260 where breakout level for the index is lying. During the week the index manages to hit a low of 275 and close the week around the levels of 280.

Minor support for the index lies in the zone of 275 to 276. Support for the index lies in the zone of 264 to 266 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 258 to 260 where breakout level for the index is lying.

Resistance for the index lies in the zone of 280 to 282. If the index manages to close above these levels then the index can move to the levels of 290 to 292 where long term Fibonacci levels are lying.

Broad range for the index is seen between 270 to 272 on downside & 290 to 292 on upside.

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

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

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on absolutely flat note.

As we have mentioned last week that support for the index lies in the zone of 3450 to 3470 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3320 to 3350 where 200 daily moving averages are lying. During the week the index manages to hit a low of 3480 and close the week around the levels of 3511.

Support for the index lies in the zone of 3450 to 3470 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3320 to 3350 where 200 daily moving averages are lying.

Resistance for the index lies in the zone of 3510 to 3530 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3580 to 3600 where high for the month of June-2017 is lying.

Broad range for the index is seen between 3400 to 3430 on downside & 3630 to 3650 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 3100 to 3150 from where the index has broken down in the month of March-2017 and April-2017. If the index manages to close above these levels then the index can move to the levels of 3200 to 3230 where the index has formed a top in the month of March-2017. During the week the index manages to hit a high of 3232 and close the week around the levels of 3203.

Minor support for the index lies in the zone of 3150 to 3170. Support for the index lies in the zone of 3050 to 3070 from where the index broke out of May-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 2920 to 2950 from where the index has opened gap up.

Resistance for the index lies in the zone of 3200 to 3230 where the index has formed a top in the month of March-2017. If the index manages to close above these levels then the index can move to the levels of 3300 to 3325.

Broad range for the index is seen between 3100 to 3130 on downside & 3300 to 3330 on upside.

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

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

NIFTY ENERGY:

 

NIFTYENERG

 

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

As we have mentioned last week that minor support for the index lies in the zone of 12280 to 12320. Support for the index lies in the zone of 12100 to 12200 where Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of around 11600 to 11650 where Fibonacci level and highs for the month of February-2017 & March-2017 is lying. During the week the index manages to hit a low of 12344 and close the week around the levels of 12641.

Minor support for the index lies in the zone of 12450 to 12500. Support for the index lies in the zone of 12100 to 12200 where Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of around 11600 to 11650 where Fibonacci level and highs for the month of February-2017 & March-2017 is lying.

The index is trading at all time highs so virtually no resistance is visible. Resistance for the index lies in the zone of 12800 to 12850. If the index manages to close above these levels then the index can move to the levels of 13000.

Broad range for the index is seen between 12200 to 12300 on downside & 12900 to 13000 on upside.

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

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

NIFTY AUTO:

 

NIFTYAUTO

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 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 11055 and close the week around the levels of 10955.

Minor support for the index lies in the zone of 10800 to 10850. Support for the index lies in the zone of 10650 to 10700 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10550 where break out levels for the index is 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 10600 to 10700 on downside & 11300 to 11400 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 9950 to 10000 from where the index broke down from double bottom pattern and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10250 to 10350 where Fibonacci level is lying. During the week the index manages to hit a high of 10260 and close the week around the levels of 10052.

Support for the index lies in the zone of 9900 to 9950 where broke 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 9700 to 9750 from where the index broke out of June-2017 highs.

Resistance for the index lies in the zone of 10250 to 10350 where Fibonacci level and 200 daily moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10650 to 10750 where the index has formed a top in the month of February-2017 and March-2017.

Broad range for the index is seen from 9750 to 9800 on downside & 10250 to 10300 on upside.

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

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

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on negative note losing around 7.40%.

As we have mentioned last week that minor resistance for the index lies in the zone of 27700 to 27800. Resistance for the index lies in the zone of 28200 to 28300. If the index manages to close above these levels then the index can move to the levels of 28800 to 29000. During the week the index manages to hit a high of 27772 and close the week around the levels of 25795.

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 24600 to 24700 where Fibonacci levels and medium term moving averages are lying.

Resistance for the index lies in the zone of 26150 to 26250 where Fibonacci levels 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 27000 to 27100 from where the index opened gap down.

Broad range for the index in the coming week is seen from 24600 to 24700 on downside & 26800 to 27000 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 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 10726 and close the week around the levels of 10711.

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

Minor resistance for the index lies in the zone of 10750 to 10800. Resistance for the index lies in the zone of 11000 to 11050 where the index has formed a top in the month of June-2017. If the index manages to close above these levels then the index can move to the levels of 11200 to 11300 where the index has formed a top in the month of August-2016.

Broad range for the index in the coming week is seen from 10400 to 10500 on downside & 11000 to 11100 on upside.

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

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

NIFTY BANK:

 

BANKNIFTY

 

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

As we have mentioned, last week that the index is trading at life time highs so virtually no resistance is visible. Resistance for the index lies in the zone of 24150 to 24250. If the index manages to close above these levels then the index can move to the levels of 24500 to 24600. During the week the index manages to hit a high of 24299 and close the week around the levels of 24257.

Minor support for the index lies in the zone of 23900 to 24000. Support for the index lies in the zone of 23400 to 23500 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 22800 to 22900 where break out levels for the index is lying.

The index is trading at life time highs so virtually no resistance is visible. Resistance for the index lies in the zone of 24250 to 24300. If the index manages to close above these levels then the index can move to the levels of 24500 to 24600.

Range for the week is seen from 23700 to 23800 on downside & 24600 to 24700 on upside.

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 9770 to 9800. Support for the index lies in the zone of 9670 to 9700 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 9500 to 9550 where short term moving averages are lying. During the week the index manages to hit a low of 9792 and close the week around the levels of 9915.

Resistance for the index lies in the zone of 9900 to 9930. If the index manages to close above these levels then the index can move to the levels of 10000 to 10050 where Fibonacci levels and channel resistance for the index is lying.

Minor support for the index lies in the zone of 9800 to 9820. Support for the index lies in the zone of 9670 to 9700 from where the index broke out of June-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9550 where break out levels for the index is lying.

Resistance for the index lies in the zone of 9900 to 9930. If the index manages to close above these levels then the index can move to the levels of 10050 to 10100 where Fibonacci levels and channel resistance for the index is lying.

Broad range for the week is seen from 9700 on downside & 10100 on upside.

Share Market Tips for – Friday, July 21, 2017

equitypandit_square

Nifty Still Consolidating, Go Long Only If It Closes Above 9911

 

Last Trading Session: Indian Stock Market opened flat with positive bias. EquityPandit predicted traders to go long only if Nifty closes above 9911 levels. Nifty moved positive but saw sharp profit booking and fell down below 9900 levels. Finally, Indian Stock Market closed negative for the day but BankNifty was still strong and made record highs for the day.

Today: Indian Stock Market to open flat. Technically, Nifty is still in negative zone whereas BankNifty is still in positive zone. Nifty would enter into positive zone only once it closes above 9911 levels and if that happened then it would breach 10000 levels in days to come. Until then market would continue to consolidate. If Nifty is not able to close above 9911 levels then it may retest the levels of 9800 in days to come. Reliance Industries Limited posted better results than street expectations and may open gap positive. It may help Nifty to move higher. Intraday resistance would be seen at 9930 levels for Nifty breaching which Nifty would move sharply positive. Strong support lies at 9800 levels whereas immediate support can be seen at 9848-9820 levels for Nifty.

FIIs were net buyers of Rs.154.91 crores whereas DIIs were net buyers of Rs.0.08 crores in cash market for last trading session. Nifty would see strong support at 9848-9820-9800-9778 whereas strong resistance would be seen at 9900-9918-9930-9970 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: Ashok Leyland, Atul Ltd. Can Fin Homes, DHFL, Indian Bank, Mangalore Refinery and Petrochemicals, Persistent Systems and Tata Sponge Ltd.

NSE Nifty: (9873) The support for the Nifty is 9848-9820-9800-9778 and the resistance to the up move is at 9900-9918-9930-9970 levels.

NSE BankNifty: (24213) The support for BankNifty is at 24170-24060-23940-23880 and the resistance to the up move is at 24270-24336-24380-24450 levels.

BSE Sensex: (31904) The support for the Sensex is at 31850-31718-31660 and the resistance to the up move is at 32090-32110-32180-32240 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 – July 20, 2017

Gold (28250): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28001 levels. Traders can initiate long positions on every dip until Gold Future closes below 28001 levels.

Silver (37757):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 36880  levels.

Crude (3031): 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 2926 levels.

Natural Gas (197.50): 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 193.35 levels.

Copper (386.25): 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 383.25.

Zinc (175.65): 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 181.05 levels.

Lead (141.05): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 145.90 levels.

Nickel (619.00):  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 610.20 levels.

Aluminium (122.40):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 121.65 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Thursday, July 20, 2017

equitypandit_square

Go Long Only If Nifty Closes Above 9911: RIL, Kotak Bank And Wipro Results Today

 

Last Trading Session: Indian Stock Market opened flat with positive bias as expected. Nifty recovered smartly and managed to close right at EquityPandit’s predicted resistance levels of 9900 like a dot. BankNifty made new record highs right at EquityPandit’s predicted resistance levels of 24180 like a dot. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market to open flat. Technically, Nifty is still in negative zone but would enter into positive zone once it closes above 9911 levels. Market would see strong resistance at 10000 levels for Nifty whereas strong support would be seen at 9800 levels. Traders can take long positions if Nifty managed to close above 9911 levels. Few Indian Corporate Giants like Reliance Industries, Wipro, Kotak Bank and Bajaj Auto would disclose its quarterly earnings today and would affect Indian Stock Market direction for the day.

FIIs were net buyers of Rs.1046.65 crores whereas DIIs were net sellers of Rs.12.48 crores in cash market for last trading session. Nifty would see strong support at 9848-9800-9778-9737 whereas strong resistance would be seen at 9900-9918-9930-9970 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: ABB India, Alembic Pharma, Bajaj Auto, Bajaj Holdings, DB Corp, Force Motors, Hindustan Zinc, Kansai Nerolac Paints, Kotak Mahindra Bank, Mahindra CIE, NIIT Technologies, Rallis India, RBL Bank, Reliance Industries, Wipro and Zensar Technologies.

NSE Nifty: (9900) The support for the Nifty is 9848-9800-9778-9737 and the resistance to the up move is at 9900-9918-9930-9970 levels.

NSE BankNifty: (24153) The support for BankNifty is at 24060-23940-23880 and the resistance to the up move is at 24180-24270-24336-24380 levels.

BSE Sensex: (31955) The support for the Sensex is at 31880-31718-31660 and the resistance to the up move is at 32090-32110-32180-32240 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 – July 19, 2017

Gold (28253): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28385 levels. Traders can initiate long positions on every dip until Gold Future closes below 28385 levels.

Silver (37695):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 36809  levels.

Crude (2973): 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 2905 levels.

Natural Gas (198.10): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG Future closes below 191.70 levels.

Copper (388.80): 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 383.25.

Zinc (179.20): 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 182.35 levels.

Lead (144.90): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 148.60 levels.

Nickel (624.50):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 608.10 levels.

Aluminium (123.00):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 121.65 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Wednesday, July 19, 2017

equitypandit_square

Nifty Enters Negative Zone, Strong Resistance At 9900 For Now

 

Last Trading Session: Indian Stock Market opened gap negative for the day. EquityPandit predicted that Market would see profit booking before breaching 10000 levels for Nifty. EquityPandit also predicted that a dip is sure to come and traders should remain cautious and same happened. Nifty moved sharply negative. Traders who followed the advice might have been able to avoid this downfall. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market to open flat with positive bias. Technically, Nifty entered into negative zone as it closed below 9848 levels. Some small short covering rally can be seen after a sharp downfall yesterday but Nifty has formed a Doji Candlestick pattern that suggest indecisiveness and Market would see further downfall. Now 9900 would act as strong resistance for Nifty and immediate resistance would be seen at 9850 levels. Next Logical targets for Nifty would be 9780-9720 levels, which would also act as support for the index. BankNifty is still in positive zone and relatively strong. BankNifty would enter into negative zone only if it closes below 23804 levels. Fresh Long positions should only be made if Nifty closes above 9911 levels.

FIIs were net buyers of Rs.317.44 crores whereas DIIs were net sellers of Rs.975.01 crores in cash market for last trading session. Nifty would see strong support at 9778-9737-9700 whereas strong resistance would be seen at 9855-9880-9900-9918 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: Bajaj Finance, Bajaj Finserv, Canara Bank, Havells India, KPIT Technologies, Mindtree, Sanofi India and Sterlite Technologies Ltd.

NSE Nifty: (9827) The support for the Nifty is 9778-9737-9700 and the resistance to the up move is at 9855-9880-9900-9918 levels.

NSE BankNifty: (24022) The support for BankNifty is at 23940-23880-23800-23740 and the resistance to the up move is at 24090-24180-24270 levels.

BSE Sensex: (31711) The support for the Sensex is at 31660-31500-31426 and the resistance to the up move is at 31885-31950-32090 levels.

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

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

MCX Tips for – July 18, 2017

Gold (28120): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 27878 levels. Traders can initiate long positions on every dip until Gold Future closes below 27878 levels.

Silver (37410):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 36556  levels.

Crude (2968): 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 2905 levels.

Natural Gas (194): 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 188.50 levels.

Copper (389.30): 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 383.25.

Zinc (181.45): Zinc is trading into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc is trading below 182.35 levels.

Lead (146.80): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 149.90 levels.

Nickel (618.10):  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 608.10 levels.

Aluminium (122.20):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 121.65 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Tuesday, July 18, 2017

equitypandit_square

Market To See Some Profit Booking Before Breaching 10000 Levels For Nifty

 

Last Trading Session: Indian Stock Market opened positive for the day as predicted. EquityPandit predicted that market is still in positive zone and next logical target for Nifty is 9915-9925 but traders should remain cautious. Nifty achieved EquityPandit’s predicted Target of 9925 levels and saw resistance right below EquityPandit’s predicted resistance levels of 9930 like a dot. BankNifty managed to close above 24000 levels for the first time. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market to open flat with negative bias. Technically, Indian Stock Market would still be considered positive until it holds 9848 levels on closing basis. Closing below 9848 for Nifty would force market to see further downfall.  All eyes are now on 10000 level for Nifty, will it breach? Its a strong psychological resistance level for now. Though next logical target for Nifty is 9965 but traders should remain cautious as profit booking can’t be ruled out before breaching 10000 mark for Nifty. Highest open interest lies at 10000 Nifty call options and hence this may act as strong resistance levels and some dip or consolidation is surely expected. For a sustainable positive rally, Nifty should consolidate for some days or see some profit booking before breaching 10000 levels.

FIIs were net buyers of Rs.328.61 crores whereas DIIs were net sellers of Rs.447.14 crores in cash market for last trading session. Nifty would see strong support at 9848-9807-9778 whereas strong resistance would be seen at 9918-9930-9950-9970 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: CRISIL, Hindustan Unilever, Jubilant Life Sciences, Network 18 Media, TV18 Broadcast and Ultratech Cement.

NSE Nifty: (9916) The support for the Nifty is 9850-9807-9778 and the resistance to the up move is at 9918-9930-9950-9970 levels.

NSE BankNifty: (24015) The support for BankNifty is at 23960-23880-23800-23740 and the resistance to the up move is at 24090-24180-24270 levels.

BSE Sensex: (32075) The support for the Sensex is at 31940-31880-31718-31660 and the resistance to the up move is at 32088-32110-32180-32240 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 – July 17, 2017

Gold (27996): Gold Future has entered into positive zone and traders can hold long positions until Gold Future closes below 27716 levels. Traders can initiate long positions on every dip until Gold Future closes below 27716 levels.

Silver (36970):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 36216  levels.

Crude (2990): 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 2896 levels.

Natural Gas (192.30): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG Future closes below 187.90 levels.

Copper (383.65): 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 379.90.

Zinc (179.30): Zinc has entered into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc is trading below 182.35 levels.

Lead (148.20): 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 149.90 levels.

Nickel (612.60):  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 591.75 levels.

Aluminium (123.10):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 121.65 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Monday, July 17, 2017

equitypandit_square

Nifty Approaching 10000 Mark, Traders Should Be Cautious Of Profit Booking

 

Last Trading Session: Indian Stock Market opened flat with positive bias. EquityPandit predicted that Nifty is entering its major resistance zone of 9900-10000. EquityPandit also predicted that though next logical target for Nifty is at 9915 but profit booking can’t be ruled out once Nifty enters 9900-10000 zone and exactly same happened. Nifty saw highs right near EquityPandit’s predicted target of 9915 and fell down sharply on profit booking. Finally, Indian Stock Market recovered from EquityPandit’s predicted support levels of 9850 and closed flat for the day. BankNifty and Sensex also saw day highs right at EquityPandit’s predicted resistance levels of 23965 and 32110 like a dot.

Today: Indian Stock Market to open positive. Technically, Indian Stock Market is still in positive zone and analysis would remain same. Indian Stock Market is still in positive momentum but we would keep witnessing profit booking in 9900-10000 zone until a decisive breakout is seen from this resistance zone on closing basis. Next logical targets for Nifty is at 9915-9925-9950 but traders should remain cautious as all indices including Nifty, BankNifty and Sensex has developed Hanging Man Candlestick pattern with Stochastic Indicator in overbought region and this suggest that market is near its highs where it can possibly reverse. Nifty would see reversal below 9807 levels on closing basis but bulls would lose their control once Nifty breaches 9845 levels. Traders and investors are suggested not to make any fresh buying position at this point of time as all eyes are on 10000 mark for Nifty and market may see profit booking at every upmove until a decisive breakout is seen from 10000 levels.

FIIs were net buyers of Rs.673.56 crores whereas DIIs were net sellers of Rs.136.27 crores in cash market for last trading session. Nifty would see strong support at 9850-9807-9778 whereas strong resistance would be seen at 9918-9930-9950-9970 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: ACC, Jubilant Foodworks and Linde India Ltd.

NSE Nifty: (9886) The support for the Nifty is 9850-9807-9778 and the resistance to the up move is at 9918-9930-9950-9970 levels.

NSE BankNifty: (23938) The support for BankNifty is at 23800-23740-23660-23500 and the resistance to the up move is at 23965-24090-24180-24270 levels.

BSE Sensex: (32021) The support for the Sensex is at 31940-31880-31718-31660 and the resistance to the up move is at 32088-32110-32180-32240 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 (July 17, 2017 – July 21, 2017)

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

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS (192.30) closed the week on positive note gaining around 3.80%.

As we have mentioned last week, that support for the commodity lies in the zone of 184 to 185 where lows for the month of June-2017 is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 178 to 180 where long term Fibonacci level is lying. During the week the commodity manages to hit a low of 186 and close the week around the levels of 192.

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 184 to 185 where low for the month of June-2017 is lying.

Resistance for the commodity lies in the zone of 196 to 197 where short term moving averages are lying. If the commodity manages to close below these levels then the commodity can move to the levels of 200 to 202 where Fibonacci levels and medium term moving averages are lying.

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

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

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

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (2990) closed the week on positive note gaining around 4.50%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 2880 to 2900 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3000 to 3030 where short term moving averages are lying. During the week the commodity manages to hit a high of 3010 and close the week around the levels of 2990.

Minor support for the commodity lies in the zone of 2900 to 2930. Support for the commodity lies in the zone of 2800 to 2830 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 2700 to 2750 where long term Fibonacci level is lying.

Resistance for the commodity lies in the zone of 3000 to 3030 where short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3080 to 3100 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 2850 – 2880 on downside & 3080 – 3100 on upside.

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

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

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (123.10) closed the week on negative note losing around 1.10%.

As we have mentioned last week that minor support for the commodity lies in the zone of 123.50 to 124. Support for the commodity lies in the zone of around 122.50 to 123 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120.50 to 121 where Fibonacci levels and 200 Daily moving averages are lying. During the week the commodity manages to hit a low of 120.90 and close the week around the levels of 123.10.

Support for the commodity lies in the zone of around 122.50 to 123 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120.50 to 121 where Fibonacci levels and 200 Daily moving averages are lying.

Minor resistance for the commodity lies in the zone of 123.50 to 124. Resistance for the commodity lies in the zone of 125 to 125.50 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 126.50 to 127 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 121 – 122 on downside and 125 – 126 on upside.

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

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

ZINC:

 

ZINC 1

 

ZINC (179.30) closed the week on a negative note losing around 0.60%.

As we have mentioned last week, that support for the commodity lies in the zone of 178 to 180 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 173 to 174 where 200 Daily moving averages and break out levels are lying. During the week the commodity manages to hit a low of 177 and close the week around the levels of 179.

Support for the commodity lies in the zone of 178 to 180 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 173 to 174 where 200 Daily moving averages and break out levels are lying.

Minor resistance for the commodity lies in the zone of 183 to 184. Resistance for the commodity lies in the zone of 188 to 190 where channel resistance for the commodity is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 195 to 198 where the commodity has formed a top in the month of February-2017.

Broad range for the commodity in the coming week can be seen between 170 – 172 on downside & 188 – 190 on upside.

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

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

NICKEL:

 

NICKEL 1

 

NICKEL (612.60) closed the week on positive note gaining around 5.50%.

As we have mentioned last week, that support for the commodity lies in the zone of 580 to 583 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 555 to 560 where the commodity has formed a short term bottom. During the week the commodity manages to hit a low of 573 and close the week around the levels of 613.

Minor support for the commodity lies in the zone of 600 to 603. Support for the commodity lies in the zone of 580 to 583 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 555 to 560 where the commodity has formed a short term bottom.

The commodity has closed just above the major resistance 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 590 – 595 on downside & 625 – 630 on upside.

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

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

LEAD:

 

LEAD 1

 

LEAD (148.20) closed the week on absolutely flat note.

As we have mentioned last week that support 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 below these levels then the commodity can drift to the levels of 139 to 140 where long term Fibonacci level is lying. During the week the commodity manages to hit a low of 146 and close the week around the levels of 148.

Support 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 below these levels then the commodity can drift to the levels of 139 to 140 where long term Fibonacci level is lying.

Resistance for the commodity lies in the zone of 148 to 150 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 152 to 154 where Fibonacci levels and highs for the month of April-2017 are lying.

Broad range for the commodity in the coming week can be seen between 140 – 142 on downside & 154 – 156 on upside.

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

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

COPPER:

 

COPPER 1

 

COPPER (383.65) closed the week on positive note gaining around 0.90%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 379 to 381. Support for the commodity lies in the zone of 375 to 376 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 370 to 372 where 200 Daily moving averages and Fibonacci levels are lying. During the week the commodity manages to hit a low of 376 and close the week around the levels of 384.

Minor support for the commodity lies in the zone of 379 to 381. Support for the commodity lies in the zone of 375 to 376 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 370 to 372 where 200 Daily moving averages and Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 385 to 387 where the commodity has formed a top in the month of May-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 390 to 391 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 370 – 372 on downside & 393 – 395 on upside.

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

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

SILVER:

 

SILVER 1

 

SILVER (36970) closed the week on positive note gaining around 2.00%.

As we have mentioned last week that support for the commodity lies in the zone of 35500 to 35700 where the commodity has formed a bottom in the month of April-2016. 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 35460 and close the week around the levels of 36970.

Minor support for the commodity lies in the zone of 36200 to 36400. Support for the commodity lies in the zone of 35500 to 35700 where the commodity has formed a bottom in the month of April-2016. 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.

Resistance for the commodity lies in the zone of 36800 to 37000. If the commodity manages to close above these levels then the commodity can move to the levels of 37500 to 37700 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 35500 – 35700 on downside & 37800 – 38000 on upside.

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

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

GOLD:

 

GOLD 1

 

GOLD (27996) closed the week on positive note gaining around 0.80%.

As we have mentioned last week that the commodity has broken down from the long term trend-line support. Support for the commodity lies in the zone of 27500 to 27600 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 26800 to 26900 where the commodity has formed a bottom in the month of December-2016. During the week the commodity manages to hit a low of 27603 and close the week around the levels of 27996.

The commodity has broken down from the long term trend-line support. Minor support for the commodity lies in the zone of 27800 to 27850. Support for the commodity lies in the zone of 27500 to 27600 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 26800 to 26900 where the commodity has formed a bottom in the month of December-2016.

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

Broad range for the commodity in the coming week can be seen between 27500 – 27600 on downside & 28300 – 28400 on upside.

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

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

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on negative note losing around 1.80%.

As we have mentioned last week that support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 1055 and close the week around the levels of 1069.

Support for the stock lies in the zone of 1062 to 1065 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.

Minor resistance for the stock lies in the zone of 1080 to 1090. 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 1150 to 1160 where Fibonacci levels are lying.

Broad range for the stock is seen between 1030 to 1040 on downside & 1110 to 1120 on upside.

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

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

DABUR:

 

DABUR

 

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

As we have mentioned last week, that minor support for the stock lies in the zone of 298 to 300. Support for the stock lies in the zone of 294 to 296 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 286 to 288 where Fibonacci levels are lying. During the week the stock manages to hit a low of 301 and close the week around the levels of 304.

Minor support for the stock lies in the zone of 298 to 300. Support for the stock lies in the zone of 294 to 296 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 286 to 288 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 303 to 305 where the stock has formed a top in the month of August-2016 and November-2016. If the stock manages to close above these levels then the stock can move to the levels of 316 to 320 where long term Fibonacci levels are lying and life time highs for the stock is lying.

Broad range for the stock in the coming week can be seen between 293 to 295 on downside & 315 to 317 on upside.

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

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

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on positive note gaining around 3.80%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 1095 to 1100. 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. During the week the stock manages to hit a high of 1150 and close the week around the levels of 1139.

Support for the stock lies in the zone of 1118 to 1125 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 1170 to 1180 where short term moving averages are lying.

Resistance for the stock lies in the zone of 1145 to 1150. If the stock manages to close above these levels then the stock can move to the levels of 1165 to 1175.

Broad range for the stock in coming week is seen between 1100 to 1110 on downside & 1170 to 1180 on upside.

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

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

ITC:

 

ITC

 

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

As we have mentioned last week that support for the stock lies in the zone of 325 to 330 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 315 to 318 from where the stock broke out of May-2017 highs. During the week the stock manages to hit a low of 327 and close the week around the levels of 337.

Support for the stock lies in the zone of 325 to 330 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 315 to 318 from where the stock broke out of May-2017 highs.

Resistance for the stock lies in the zone of 340 to 343. If the stock manages to close above these levels then the stock can move to the levels of 352 to 355.

Broad range for the stock in coming week is seen between 320 to 322 on downside & 352 to 355 on upside.

Cipla Outlook for the Week (July 17, 2017 – July 21, 2017)

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

CIPLA:

 

CIPLA

 

CIPLA closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 552 to 555. 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 553 and close the week around the levels of 548.

Minor support for the stock lies in the zone of 540 to 545. Support for the stock lies in the zone of 520 to 525 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 552 to 555. 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 & 565 – 570 on upside.

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

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

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on absolutely flat note.

As we have mentioned last week that minor support for the stock lies in the zone of 2670 to 2680. 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. During the week the stock manages to hit a low of 2669 and close the week around the levels of 2703.

Minor support for the stock lies in the zone of 2670 to 2680. 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.

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 2580 – 2600 on downside & 2800 – 2820 on upside.

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

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

LUPIN:

 

LUPIN

 

Lupin 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 1120 to 1140 from where the stock broke down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 1180 to 1190 where short term moving averages are lying. During the week the stock manages to hit a high of 1229 and close the week around the levels of 1139.

Support for the stock lies in the zone of 1110 to 1120 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1030 to 1040 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone of 1160 to 1170 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 1200 to 1220 where high for the month of June-2017 is lying.

Broad range for the stock in coming week can be seen from 1070 – 1090 on downside & 1180 – 1190 on upside.

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

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

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on positive note gaining around 4.20%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 553 to 555. Resistance for the stock lies in the zone of 565 to 570 from where the stock has opened gap down and lows for the month of November – 2016 is lying. If the stock manages to close above these levels then the stock can move to the levels of 600 to 605. During the week the stock manages to hit a high of 579 and close the week around the levels of 573.

Minor support for the stock lies in the zone of 560 to 565. Support for the stock lies in the zone of 550 to 555 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 520 to 525 where break out levels for the stock is lying.

Resistance for the stock lies in the zone of 565 to 575 from where the stock has opened gap down and lows for the month of November – 2016 is lying. If the stock manages to close above these levels then the stock can move to the levels of 600 to 605.

Broad range for the stock in the coming week can be 550 – 555 on lower side & 595 – 600 on upper side.

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

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

WIPRO:

 

WIPRO

 

Wipro 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 258 to 260. 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. During the week the stock manages to hit a high of 273 and close the week around the levels of 260.

Minor support for the stock lies in the zone of 255 to 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 264 to 266 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 275 to 277.

Broad range for the stock in the coming week is seen between 252 to 254 on downside & 265 to 267 on upside.

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

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

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on positive note gaining around 2.20%.

As we have mentioned last week that support for the stock lies in the zone of 820 to 825 where Fibonacci levels, 200 daily moving averages and break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 800 to 810 where Fibonacci levels are lying. During the week the stock manages to hit a low of 830 and close the week around the levels of 850.

Minor support for the stock lies in the zone of 840 to 845. Support for the stock lies in the zone of 820 to 825 where Fibonacci levels, 200 daily moving averages and break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 800 to 810 where Fibonacci 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 880 to 890 where Fibonacci levels are lying.

Broad range for the stock in the coming week is seen between 800 to 810 on downside & 880 to 890 on upside.

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

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

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS 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 2310 to 2330 where trend-line support and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2220 to 2250 where Fibonacci level is lying. During the week the stock manages to hit a low of 2341 and close the week around the levels of 2397.

Support for the stock lies in the zone of 2350 to 2360 where trend-line support and 200 moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2300 to 2310 where Fibonacci level is lying.

Resistance for the stock lies in the zone of 2400 to 2430 where short 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 2480 to 2500 where Fibonacci levels are lying.

Broad range for the stock in the coming week is seen between 2250 to 2280 on downside & 2500 to 2530 on upside.

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

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

INFOSYS:

 

INFY

 

INFY closed the week on positive note gaining around 4.00%.

As we have mentioned last week, that support for the stock lies in the zone of 920 to 925. 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. During the week the stock manages to hit a low of 937 and close the week around the levels of 972.

Minor support for the stock lies in the zone of 955 to 960. Support for the stock lies in the zone of 940 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 920 to 930 where trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 970 to 975 where Fibonacci level and medium & long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of around 995 to 1005 where Fibonacci levels are lying.

Broad range for the stock in the coming week is seen between 930 to 940 on downside & 990 to 1000 on upside.

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

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

STATE BANK OF INDIA:

 

SBIN

 

SBIN closed the week on positive note gaining around 4.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 279 to 281 from where the stock broke down from the lows of April – 2017 and May – 2017. If the stock manages to close above these levels then the stock can move to the levels of 288 to 290 where Fibonacci level is lying. During the week the stock manages to hit a high of 300 and close the week around the levels of 292.

Support for the stock lies in the zone of 288 to 290 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 279 to 281 from where the stock broke down from the lows of April – 2017 and May – 2017..

Resistance for the stock lies in the zone of 295 to 297 where high for the month of June-2017 is lying. If the stock manages to close above these levels then the stock can move to the levels of 300 to 302.

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

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

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

AXIS BANK:

 

AXISBANK

 

Axis 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 510 to 515. 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 530 and close the week around the levels of 513.

Minor support for the stock lies in the zone of 508 to 510. Support for the stock lies in the zone of 495 to 500 where 200 Daily moving averages is 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 supports.

Minor resistance for the stock lies in the zone of 510 to 515. 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 & 525 – 530 on upper side.

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

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

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on positive note gaining around 2.80%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 305 and close the week around the levels of 298.

Support for the stock lies in the zone of 293 to 295 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 284 to 286 where long term Fibonacci levels are lying.

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 290 – 292 on lower side & 308 – 310 on upper side.

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

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

HDFC BANK:

 

HDFCBANK

 

HDFC Bank 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 1655 to 1660. Support for the stock lies in the zone of 1600 to 1620 where the stock has taken multiple support and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 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 1658 and close the week around the levels of 1680.

Minor support for the stock lies in the zone of 1660 to 1665. Support for the stock lies in the zone of 1600 to 1620 where the stock has taken multiple support and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of around 1570 to 1580 from where the stock broke out of April-2017 highs.

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 1640 to 1650 on lower side & 1720 to 1730 on upper side.

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

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

NIFTY MEDIA:

 

NIFTYMEDIA

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 3060 to 3080. Resistance for the index lies in the zone of 3100 to 3150 where short & medium 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. During the week the index manages to hit a high of 3083 and close the week around the levels of 3065.

Minor support for the index lies in the zone of 3000 to 3030. Support for the index lies in the zone of 2900 to 2920 where Fibonacci levels and 200 Daily moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 2800 to 2820 where Fibonacci level is lying.

Minor resistance for the index lies in the zone of 3060 to 3080. Resistance for the index lies in the zone of 3130 to 3150 where 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 2930 to 2960 on downside & 3150 to 3180 on upside.

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

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

NIFTY REALTY:

 

NIFTYREALT

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 275 to 276. Support for the index lies in the zone of 264 to 266 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 258 to 260 where breakout level for the index is lying. During the week the index manages to hit a low of 274 and close the week around the levels of 276.

Minor support for the index lies in the zone of 275 to 276. Support for the index lies in the zone of 264 to 266 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 258 to 260 where breakout level for the index is lying.

Resistance for the index lies in the zone of 280 to 282. If the index manages to close above these levels then the index can move to the levels of 290 to 292 where long term Fibonacci levels are lying.

Broad range for the index is seen between 264 to 266 on downside & 290 to 292 on upside.

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

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

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on positive note gaining around 4.10%.

As we have mentioned last week that minor support for the index lies in the zone of 3350 to 3360. Support for the index lies in the zone of 3300 to 3320 where 200 daily moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3175 to 3200 where Fibonacci level and low for the month of March-2017 is lying. During the week the index manages to hit a low of 3183 and close the week around the levels of 3520.

Support for the index lies in the zone of 3450 to 3470 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3320 to 3350 where 200 daily moving averages are lying.

Resistance for the index lies in the zone of 3510 to 3530 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3580 to 3600 where high for the month of June-2017 is lying.

Broad range for the index is seen between 3300 to 3320 on downside & 3630 to 3650 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on positive note gaining around 1.70%.

As we have mentioned last week, that resistance for the index lies in the zone of 3100 to 3150 from where the index has broken down in the month of March-2017 and April-2017. If the index manages to close above these levels then the index can move to the levels of 3200 to 3230 where the index has formed a top in the month of March-2017. During the week the index manages to hit a high of 3164 and close the week around the levels of 3140.

Minor support for the index lies in the zone of 3080 to 3100. Support for the index lies in the zone of 3030 to 3050 from where the index broke out of May-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 2920 to 2950 from where the index has opened gap up.

Resistance for the index lies in the zone of 3100 to 3150 from where the index has broken down in the month of March-2017 and April-2017. If the index manages to close above these levels then the index can move to the levels of 3200 to 3230 where the index has formed a top in the month of March-2017.

Broad range for the index is seen between 3000 to 3030 on downside & 3230 to 3250 on upside.

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

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

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 3.20%.

As we have mentioned last week that resistance for the index lies in the zone of 12100 to 12200 where Fibonacci level 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 12456 and close the week around the levels of 12444.

Minor support for the index lies in the zone of 12280 to 12320. Support for the index lies in the zone of 12100 to 12200 where Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of around 11600 to 11650 where Fibonacci level and highs for the month of February-2017 & March-2017 is lying.

Resistance for the index lies in the zone of 12450 to 12500 where the index has formed a top in the month of April-2017. If the index manages to close above these levels then the index can move to the levels of around 12600 to 12650.

Broad range for the index is seen between 12000 to 12050 on downside & 12600 to 12650 on upside.

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

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

NIFTY AUTO:

 

NIFTYAUTO

 

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

As we have mentioned last week that minor support for the index lies in the zone of 10600 to 10650. Support for the index lies in the zone of 10500 to 10550 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 10350 where Fibonacci levels are lying. During the week the index manages to hit a low of 10573 and close the week around the levels of 10892.

Minor support for the index lies in the zone of 10750 to 10800. Support for the index lies in the zone of 10650 to 10700 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10550 where break out levels for the index is 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 10600 to 10700 on downside & 11200 to 11300 on upside.

Nifty Pharma Outlook for the Week (July 17, 2017 – July 21, 2017)

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that 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. During the week the index manages to hit a high of 9995 and close the week around the levels of 9958.

Minor support for the index lies in the zone of 9870 to 9900. Support for the index lies in the zone of 9770 to 9800 from where the index broke out of June-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9650 where break out levels and short term moving averages are lying.

Resistance for the index lies in the zone of 9950 to 10000 from where the index broke down from double bottom pattern and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10250 to 10350 where Fibonacci level is lying.

Broad range for the index is seen from 9750 to 9800 on downside & 10250 to 10300 on upside.

Nifty FMCG Outlook for the Week (July 17, 2017 – July 21, 2017)

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

NIFTY FMCG:

 

NIFTYFMCG

 

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

As we have mentioned last week that support for the index lies in the zone of 26800 to 27000 from where the index opened gap up. If the index manages to close below these levels then the index can drift to the levels of 26000 to 26200 from where the index broke out after consolidation. During the week the index manages to hit a low of 27049 and close the week around the levels of 27864.

Minor support for the index lies in the zone of 27500 to 27600. Support for the index lies in the zone of 26800 to 27000 from where the index opened gap up. If the index manages to close below these levels then the index can drift to the levels of 26000 to 26200 from where the index broke out after consolidation.

Minor resistance for the index lies in the zone of 27700 to 27800. Resistance for the index lies in the zone of 28200 to 28300. If the index manages to close above these levels then the index can move to the levels of 28800 to 29000.

Broad range for the index in the coming week is seen from 26800 to 27000 on downside & 28500 to 28700 on upside.

Nifty IT Outlook for the Week (July 17, 2017 – July 21, 2017)

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

NIFTY IT:

 

NIFTYIT

 

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

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 10612 and close the week around the levels of 10331.

Support for the index lies in the zone of 10220 to 10270. 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 9900 to 10000 on downside & 10600 to 10700 on upside.

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

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

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on positive note gaining around 2.10%.

As we have mentioned, last week that minor resistance for the index lies in the zone of 23400 to 23500. Resistance for the index lies in the zone of 23700 to 23800 where the index has formed a top in the month of June-2017. 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 23964 and close the week around the levels of 23938.

Minor support for the index lies in the zone of 23700 to 23750. Support for the index lies in the zone of 23250 to 23350 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 22800 to 22900 where break out levels for the index is lying.

The index is trading at life time highs so virtually no resistance is visible. Resistance for the index lies in the zone of 24150 to 24250. If the index manages to close above these levels then the index can move to the levels of 24500 to 24600.

Range for the week is seen from 23500 to 23600 on downside & 24500 to 24600 on upside.

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

Equityandit’s Outlook for Nifty for week (July 17, 2017 – July 21, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that 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. During the week the index manages to hit a high of 9913 and close the week around the levels of 9886.

Minor support for the index lies in the zone of 9770 to 9800. Support for the index lies in the zone of 9670 to 9700 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 9500 to 9550 where short term moving averages are lying.

Resistance for the index lies in the zone of 9900 to 9930. If the index manages to close above these levels then the index can move to the levels of 10000 to 10050 where Fibonacci levels and channel resistance for the index is lying.

Broad range for the week is seen from 9700 on downside & 10050 on upside.

MCX Tips for – July 14, 2017

Gold (27837): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 27937 levels. Traders can initiate short positions on every rise until Gold Future closes above 27937 levels.

Silver (36590):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 36216  levels.

Crude (2964): 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 2870 levels.

Natural Gas (192.20): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG Future closes below 187.90 levels.

Copper (380.85): 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 379.90.

Zinc (180.20): 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 179.95 levels.

Lead (146.95): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 149.90 levels.

Nickel (591.50):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 584.75 levels.

Aluminium (123.40):  Aluminium has entered into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 121.40 levels.

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

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Share Market Tips for – Friday, July 14, 2017

equitypandit_square

Nifty Entering Major Resistance Zone, Traders Should Remain Cautious

 

Last Trading Session: Indian Stock Market opened gap positive as predicted. EquityPandit predicted that market is ready to see new record highs and next logical target for Nifty is at 9880 and exactly same happened. Indian Stock Market moved sharply positive achieving EquityPandit’s predicted targets of 9880 levels. Nifty and Sensex saw new record highs as predicted. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market to open flat. Technically, Indian Stock Market is still in positive zone. Nifty is still in positive momentum but near its strong psychological resistance levels of 9900-10000. Though next target for Nifty is at 9915-9950 but profit booking can’t be ruled out once Nifty enters its major resistance zone. As Nifty is entering its resistance zone of 9900-10000, we are already witnessing selling pressure in more number of stocks. Its pretty sure that Nifty would not breach this resistance zone very easily. So, traders should remain cautious at this point of time. Market would see reversal only if it closes below 9807 levels for Nifty and 23634 levels for BankNifty and until then bulls would have a higher hand but would struggle in the resistance zone of 9900-10000 as bears would try hard to break the positive momentum. TCS reported below estimate results yesterday. Infosys would disclose its quarterly earning today and it would affect Indian Stock Market direction for the day.

FIIs were net sellers of Rs.59.15 crores whereas DIIs were net buyers of Rs.279.13 crores in cash market for last trading session. Nifty would see strong support at 9850-9807-9778 whereas strong resistance would be seen at 9905-9918-9950-9970 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: Infosys.

NSE Nifty: (9816) The support for the Nifty is 9850-9807-9778 and the resistance to the up move is at 9905-9918-9950-9970 levels.

NSE BankNifty: (23889) The support for BankNifty is at 23800-23740-23660-23500 and the resistance to the up move is at 23965-24090-24180-24270 levels.

BSE Sensex: (32037) The support for the Sensex is at 31940-31880-31718-31660 and the resistance to the up move is at 32088-32110-32180-32240 levels.

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

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

MCX Tips for – July 13, 2017

Gold (27851): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 27937 levels. Traders can initiate short positions on every rise until Gold Future closes above 27937 levels.

Silver (36968):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 36216  levels.

Crude (2949): 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 2870 levels.

Natural Gas (192.50): 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 187.90 levels.

Copper (383.25): 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 379.90.

Zinc (181.65): 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 179.95 levels.

Lead (148.75): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 149.90 levels.

Nickel (592.40):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 584.75 levels.

Aluminium (121.20):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 123.15 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, July 13, 2017

equitypandit_square

Market To Open Gap Positive And Ready To See New Record Highs

 

Last Trading Session: Indian Stock Market opened positive for the day. Market consolidated for the whole day and managed to close above psychological levels of 9800 for Nifty. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market to open gap positive. Technically, Indian Stock Market is still in positive zone. Nifty has formed an Inverse Head and Shoulder pattern in yesterday’s trading session on intraday basis and that suggest that it would see new record highs today. Traders can continue long positions in the market until Nifty holds 9737 levels on closing basis. Next logical target of Nifty is at 9845-9880. TCS would disclose its quarterly earnings today and it would affect the Indian Stock Market direction for the day.

FIIs were net buyers of Rs.361.25 crores whereas DIIs were net sellers of Rs.330.58 crores in cash market for last trading session. Nifty would see strong support at 9778-9737-9700 whereas strong resistance would be seen at 9855-9880-9800-9818 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Important Results To Be Disclosed Today: Adani Enterprises, Cyient, MCX and TCS.

NSE Nifty: (9816) The support for the Nifty is 9778-9737-9700 and the resistance to the up move is at 9855-9880-9800-9818 levels.

NSE BankNifty: (23695) The support for BankNifty is at 23500-23440-23310 and the resistance to the up move is at 23761-23900-23965-24060 levels.

BSE Sensex: (31805) The support for the Sensex is at 31718-31660-31500 and the resistance to the up move is at 31885-31950-32060-32180 levels.

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MCX Tips for – July 12, 2017

Gold (27834): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 27937 levels. Traders can initiate short positions on every rise until Gold Future closes above 27937 levels.

Silver (36771):  Silver has entered into positive zone and traders can go long at every dip or hold long positions until Silver closes below 35724  levels.

Crude (2912): 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 2935 levels.

Natural Gas (196.80): 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 186.85 levels.

Copper (382.60): 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 383.05.

Zinc (182.40): 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 177.60 levels.

Lead (148.50): 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 149.90 levels.

Nickel (593.00):  Nickel has entered into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 576.40 levels.

Aluminium (122.15):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 123.50 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

MCX Tips for – July 11, 2017

Gold (27794): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 27937 levels. Traders can initiate short positions on every rise until Gold Future closes above 27937 levels.

Silver (36544):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 36719  levels.

Crude (2876): 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 2935 levels.

Natural Gas (189.40): 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 192.00 levels.

Copper (379.25): 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 383.00.

Zinc (178.95): 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 177.60 levels.

Lead (148.85): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 149.90 levels.

Nickel (581.10):  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 588.50 levels.

Aluminium (121.95):  Aluminium has entered into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 124.55 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

MCX Tips for – July 10, 2017

Gold (27784): Gold Future is trading into negative zone and traders can hold short positions until Gold Future closes above 28141 levels. Traders can initiate short positions on every rise until Gold Future closes above 28141 levels.

Silver (36231):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 37312  levels.

Crude (2863): 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 2962 levels.

Natural Gas (185.20): 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 192.00 levels.

Copper (380.10): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes  above 385.60.

Zinc (180.30): 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 177.60 levels.

Lead (148.25): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 149.90 levels.

Nickel (580.80):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 593.10 levels.

Aluminium (124.45):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 123.80 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

3 Stocks to watch on July 10, 2017

Watch out for the following 3 stocks on July 10, 2017.

1. MFSL (CMP: 594.15)
– Daily Recommendation: SELL on rise
– Support Levels: 588, 582
– Resistance Levels: 597.30, 603.50

2. COLPAL (CMP: 1088.70)
– Daily Recommendation: SELL on rise
 Support Levels: 1079.20, 1069.70
 Resistance Levels: 1093, 1102.50

3. GRANULES (CMP: 141.15)
– Daily Recommendation: BUY on dips
– Support Levels: 139.40, 137.60
– Resistance Levels: 143.80, 146.40

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 (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for Natural Gas for the week  (July 10, 2017 – July 14, 2017) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS (185.20) closed the week on negative note losing around 4.50%.

As we have mentioned last week, that support for the commodity lies in the zone of 191 to 193 where Fibonacci level is 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 level is lying. During the week the commodity manages to hit a low of 184 and close the week around the levels of 185.

Support for the commodity lies in the zone of 184 to 185 where lows for the month of June-2017 is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 178 to 180 where long term Fibonacci level is lying.

Resistance 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 move to the levels of 200 to 202 where Fibonacci levels and short & medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 176 – 178 on downside & 195 – 198 on upside.

Crude Oil Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (July 10, 2017 – July 14, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (2863) closed the week on negative note losing around 3.50%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 3000 to 3030 where short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3080 to 3100 where Fibonacci level is lying. During the week the commodity manages to hit a high of 3075 and close the week around the levels of 2863.

Support for the commodity lies in the zone of 2800 to 2830 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 2700 to 2750 where long term Fibonacci level is lying.

Resistance for the commodity lies in the zone of 2880 to 2900 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3000 to 3030 where short term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 2700 – 2730 on downside & 2950 – 3000 on upside.

Aluminium Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for Aluminium for the week  (July 10, 2017 – July 14, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (124.45) closed the week on positive note gaining around 0.70%.

As we have mentioned last week that resistance for the commodity lies in the zone of 124.50 to 125 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 126.50 to 127 where the commodity has formed a top in the month of May-2017. During the week the commodity manages to hit a high of 125.80 and close the week around the levels of 124.45.

Minor support for the commodity lies in the zone of 123.50 to 124. Support for the commodity lies in the zone of around 122.50 to 123 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 120.50 to 121 where Fibonacci levels and 200 Daily moving averages are lying.

Resistance for the commodity lies in the zone of 125 to 125.50 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 126.50 to 127 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 121 – 122 on downside and 126 – 127 on upside.

Nickel Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for Nickel for the week  (July 10, 2017 – July 14, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (580.80) closed the week on negative note losing around 3.30%.

As we have mentioned last week, that 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 613 and close the week around the levels of 581.

Support for the commodity lies in the zone of 580 to 583 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 555 to 560 where the commodity has formed a short term bottom.

Minor resistance for the commodity lies in the zone of 590 to 595. Resistance for the commodity lies in the zone of 608 to 610 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 625 to 635 from where the commodity broke down on weekly charts.

Broad range for the commodity in the coming week can be seen between 560 – 565 on downside & 600 – 605 on upside.

Lead Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for Lead for the week  (July 10, 2017 – July 14, 2017) :

LEAD:

 

LEAD 1

 

LEAD (148.25) closed the week on positive note gaining around 0.70%.

As we have mentioned last week that support for the commodity lies in the zone of 143 to 145 where medium & 200 Daily moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 139 to 140 where long term Fibonacci level is lying. During the week the commodity manages to hit a low of 145 and close the week around the levels of 148.

Support 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 below these levels then the commodity can drift to the levels of 139 to 140 where long term Fibonacci level is lying.

Resistance for the commodity lies in the zone of 148 to 150 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 152 to 154 where Fibonacci levels and highs for the month of April-2017 are lying.

Broad range for the commodity in the coming week can be seen between 140 – 142 on downside & 155 – 157 on upside.

Zinc Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for Zinc for the week  (July 10, 2017 – July 14, 2017) :

ZINC:

 

ZINC 1

 

ZINC (180.30) closed the week on a positive note gaining around 1.10%.

As we have mentioned last week, that 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. During the week the commodity manages to hit a high of 183 and close the week around the levels of 180.

Support for the commodity lies in the zone of 178 to 180 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 173 to 174 where 200 Daily moving averages and break out levels are lying.

Minor resistance for the commodity lies in the zone of 183 to 184. Resistance for the commodity lies in the zone of 188 to 190 where channel resistance for the commodity is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 195 to 198 where the commodity has formed a top in the month of February-2017.

Broad range for the commodity in the coming week can be seen between 170 – 172 on downside & 188 – 190 on upside.

Copper Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for Copper for the week  (July 10, 2017 – July 14, 2017) :

COPPER:

 

COPPER 1

 

COPPER (380.10) closed the week on negative note losing around 1.30%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 385 to 387 where the commodity has formed a top in the month of May-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 390 to 391 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 390 and close the week around the levels of 380.

Minor support for the commodity lies in the zone of 379 to 381. Support for the commodity lies in the zone of 375 to 376 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 370 to 372 where 200 Daily moving averages and Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 385 to 387 where the commodity has formed a top in the month of May-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 390 to 391 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 370 – 372 on downside & 393 – 395 on upside.

Silver Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for Silver for the week  (July 10, 2017 – July 14, 2017) :

SILVER:

 

SILVER 1

 

SILVER (36231) closed the week on negative note losing around 5.50%.

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 35980 and close the week around the levels of 36231.

Support for the commodity lies in the zone of 35500 to 35700 where the commodity has formed a bottom in the month of April-2016. 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.

Resistance for the commodity lies in the zone of 36800 to 37000. If the commodity manages to close above these levels then the commodity can move to the levels of 37500 to 37700 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 35000 – 35300 on downside & 37500 – 37700 on upside.

Gold Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for Gold for the week  (July 10, 2017 – July 14, 2017) :

GOLD:

 

GOLD 1

 

GOLD (27784) closed the week on negative note losing around 2.30%.

As we have mentioned last week that 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. During the week the commodity manages to hit a low of 27724 and close the week around the levels of 27784.

The commodity has broken down from the long term trend-line support. Support for the commodity lies in the zone of 27500 to 27600 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 26800 to 26900 where the commodity has formed a bottom in the month of December-2016.

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

Broad range for the commodity in the coming week can be seen between 26800 – 27000 on downside & 28300 – 28400 on upside.

Colgate Palmolive Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week  (July 10, 2017 – July 14, 2017) :

COLGATE PALMOLIVE:

 

COLPAL

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 1083 and close the week around the levels of 1089.

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.

Minor resistance for the stock lies in the zone of 1100 to 1110. 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 1150 to 1160 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 (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for DABUR for the week  (July 10, 2017 – July 14, 2017) :

DABUR:

 

DABUR

 

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

As we have mentioned last week, that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 303 and close the week around the levels of 302.

Minor support for the stock lies in the zone of 298 to 300. Support for the stock lies in the zone of 294 to 296 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 286 to 288 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 303 to 305 where the stock has formed a top in the month of August-2016 and November-2016. If the stock manages to close above these levels then the stock can move to the levels of 316 to 320 where long term Fibonacci levels are lying and life time highs for the stock is lying.

Broad range for the stock in the coming week can be seen between 290 to 292 on downside & 310 to 312 on upside.

Hindustan Unilever Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week  (July 10, 2017 – July 14, 2017) :

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on positive note gaining around 1.70%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 1095 to 1100. 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. During the week the stock manages to hit a high of 1112 and close the week around the levels of 1098.

Minor support for the stock lies in the zone of 1070 to 1080. Support for the stock lies in the zone of 1035 to 1045 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.

Minor resistance for the stock lies in the zone of 1095 to 1100. 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 1060 to 1070 on downside & 1130 to 1140 on upside.

ITC Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for ITC for the week  (July 10, 2017 – July 14, 2017) :

ITC:

 

ITC

 

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

As we have mentioned last week that the stock is in strong uptrend and virtually no resistance is visible. Resistance for the stock lies in the zone of 328 to 330. During the week the stock manages to hit a high of 355 and close the week around the levels of 334.

Support for the stock lies in the zone of 325 to 330 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 315 to 318 from where the stock broke out of May-2017 highs.

Resistance for the stock lies in the zone of 340 to 343. If the stock manages to close above these levels then the stock can move to the levels of 352 to 355.

Broad range for the stock in coming week is seen between 320 to 322 on downside & 352 to 355 on upside.

Cipla Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for Cipla for the week  (July 10, 2017 – July 14, 2017) :

CIPLA:

 

CIPLA

 

CIPLA closed the week on negative note losing around 1.50%.

As we have mentioned last week that minor support for the stock lies in the zone of 540 to 545. Support for the stock lies in the zone of 520 to 525 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. During the week the stock manages to hit a low of 540 and close the week around the levels of 547.

Minor support for the stock lies in the zone of 540 to 545. Support for the stock lies in the zone of 520 to 525 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 552 to 555. 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 & 565 – 570 on upside.

Dr. Reddy Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (July 10, 2017 – July 14, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 0.60%.

As we have mentioned last week that minor support for the stock lies in the zone of 2660 to 2670. 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. During the week the stock manages to hit a low of 2610 and close the week around the levels of 2705.

Minor support for the stock lies in the zone of 2670 to 2680. 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.

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 2580 – 2600 on downside & 2800 – 2820 on upside.

Lupin Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for Lupin for the week  (July 10, 2017 – July 14, 2017) :

LUPIN:

 

LUPIN

 

Lupin closed the week on positive note gaining around 5.40%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 1137 and close the week around the levels of 1117.

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 1070 to 1080. Support for the stock lies in the zone of 1030 to 1040 where the stock has formed a short term bottom. If the stock manages to close below these levels then the stock can drift to the levels of 950 to 960 where long term Fibonacci levels are lying.

Resistance for the stock lies in the zone of 1120 to 1140 from where the stock broke down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 1180 to 1190 where short term moving averages are lying.

Broad range for the stock in coming week can be seen from 1060 – 1070 on downside & 1180 – 1190 on upside.

Sun Pharma Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for Sun Pharma for the week  (July 10, 2017 – July 14, 2017) :

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on negative note losing around 1.30%.

As we have mentioned last week that minor support for the stock lies in the zone of 545 to 550. 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 544 and close the week around the levels of 549.

Minor support for the stock lies in the zone of 540 to 545. 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.

Minor resistance for the stock lies in the zone of 553 to 555. Resistance for the stock lies in the zone of 565 to 570 from where the stock has opened gap down and lows for the month of November – 2016 is lying. If the stock manages to close above these levels then the stock can move to the levels of 600 to 605.

Broad range for the stock in the coming week can be 530 – 535 on lower side & 560 – 565 on upper side.

Wipro Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for Wipro for the week  (July 10, 2017 – July 14, 2017) :

WIPRO:

 

WIPRO

 

Wipro closed the week on absolutely flat note.

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 258.

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. 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 250 to 252 on downside & 265 to 267 on upside.

HCL Tech Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for HCL Tech for the week  (July 10, 2017 – July 14, 2017) :

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on negative note losing around 2.20%.

As we have mentioned last week that support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 829 and close the week around the levels of 832.

Support for the stock lies in the zone of 820 to 825 where Fibonacci levels, 200 daily moving averages and break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 800 to 810 where Fibonacci levels are lying.

Resistance 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 above these levels then the stock can move to the levels of 858 to 862 where Fibonacci level is lying.

Broad range for the stock in the coming week is seen between 800 to 810 on downside & 850 to 855 on upside.

TCS Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for TCS for the week  (July 10, 2017 – July 14, 2017)  :

TATA CONSULTANCY SERVICES:

 

TCS

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 2383 and close the week around the levels of 2332.

Support for the stock lies in the zone of 2310 to 2330 where trend-line support and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2220 to 2250 where Fibonacci level is lying.

Resistance for the stock lies in the zone of 2360 to 2370 where 200 Daily moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 2400 to 2430 where Fibonacci levels are lying.

Broad range for the stock in the coming week is seen between 2220 to 2250 on downside & 2400 to 2430 on upside.

Infosys Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for Infosys for the week  (July 10, 2017 – July 14, 2017) :

INFOSYS:

 

INFY

 

INFY closed the week on absolutely flat note.

As we have mentioned last week, that resistance for the stock lies in the zone of 945 to 950 where Fibonacci level and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of around 970 to 975 where Fibonacci level and medium term moving averages are lying. During the week the stock manages to hit a high of 970 and close the week around the levels of 935.

Support for the stock lies in the zone of 920 to 925. 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 945 to 950 where Fibonacci level and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of around 970 to 975 where Fibonacci level and medium term 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 (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for SBI for the week  (July 10, 2017 – July 14, 2017) :

STATE BANK OF INDIA:

 

SBIN

 

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

As we have mentioned last week that resistance for the stock lies in the zone of 279 to 281 from where the stock broke down from the lows of April – 2017 and May – 2017. If the stock manages to close above these levels then the stock can move to the levels of 288 to 290 where Fibonacci level is lying. During the week the index manages to hit a high of 283 and close the week around the levels of 280.

Minor support for the index lies in the zone of 276 to 277. Support for the stock lies in the zone of 270 to 272 where long term moving averages and break-out levels for the stock are lying. If the stock manages to close below these levels then the stock can drift to the levels of 264 to 266 where lows for the month of March – 2017 is lying.

Resistance for the stock lies in the zone of 279 to 281 from where the stock broke down from the lows of April – 2017 and May – 2017. If the stock manages to close above these levels then the stock can move to the levels of 288 to 290 where Fibonacci level is lying.

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

Axis Bank Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (July 10, 2017 – July 14, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 2.70%.

As we have mentioned last week that minor support for the stock lies in the zone of 509 to 511. 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 supports. During the week the stock manages to hit a low of 501 and close the week around the levels of 503.

Support for the stock lies in the zone of 495 to 500 where 200 Daily moving averages is 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 supports.

Minor resistance for the stock lies in the zone of 510 to 515. 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 480– 485 on lower side & 520 – 525 on upper side.

ICICI Bank Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for ICICI Bank for the week  (July 10, 2017 – July 14, 2017) :

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on absolutely flat note.

As we have mentioned last week that minor resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 295 and close the week around the levels of 290.

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 (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for HDFC Bank for the week  (July 10, 2017 – July 14, 2017) :

HDFC BANK:

 

HDFCBANK

 

HDFC Bank 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 1635 to 1645. 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 1645 and close the week around the levels of 1667.

Minor support for the stock lies in the zone of 1655 to 1660. Support for the stock lies in the zone of 1600 to 1620 where the stock has taken multiple support and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 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 1630 to 1640 on lower side & 1690 to 1700 on upper side.

Nifty Media Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for NIFTY MEDIA for the week  (July 10, 2017 – July 14, 2017) :

NIFTY MEDIA:

 

NIFTYMEDIA

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 3000 to 3030. Resistance for the index lies in the zone of 3100 to 3150 where short & medium 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. During the week the index manages to hit a high of 3051 and close the week around the levels of 3038.

Minor support for the index lies in the zone of 2970 to 2980. Support for the index lies in the zone of 2900 to 2920 where Fibonacci levels and 200 Daily moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 2800 to 2820 where Fibonacci level is lying.

Minor resistance for the index lies in the zone of 3060 to 3080. Resistance for the index lies in the zone of 3100 to 3150 where short & medium 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 (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for NIFTY REALTY for the week  (July 10, 2017 – July 14, 2017) :

NIFTY REALTY:

 

NIFTYREALT

 

Nifty REALTY index closed the week on positive note gaining around 6.00%.

As we have mentioned last week, that 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. During the week the index manages to hit a high of 280 and close the week around the levels of 279.

Minor support for the index lies in the zone of 275 to 276. Support for the index lies in the zone of 264 to 266 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 258 to 260 where breakout level for the index is lying.

Resistance for the index lies in the zone of 280 to 282. If the index manages to close above these levels then the index can move to the levels of 290 to 292 where long term Fibonacci levels are lying.

Broad range for the index is seen between 264 to 266 on downside & 290 to 292 on upside.