MCX Tips for – August 31, 2017

Gold (29555): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 29450 levels. Traders can initiate long positions on every dip until Gold Future closes below 29450 levels.

Silver (39721):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 39416  levels.

Crude (2957): 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 3049 levels.

Natural Gas (188.90): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG Future closes below 185.45 levels.

Copper (432.55): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes  below 427.50.

Zinc (197.30): Zinc is trading into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc is trading below 201.95 levels.

Lead (150.85): 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 152.75 levels.

Nickel (738.30):  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 727.15 levels.

Aluminium (132.85):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 131.00 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Thursday, August 31, 2017

equitypandit_square

Nifty Rangebound Until It Closes Out Of 9750-9931 Range, F&O Expiry Today

 

Last Trading Session: Indian Stock Market opened gap positive as per EquityPandit’s predictions. EquityPandit predicted that Nifty would see some relief rally but immediate resistance would be placed at 9860-9885 zone and exactly same happened. Indian Stock Market opened gap positive for the day and moved further positive as predicted by EquityPandit. Finally, Indian Stock Market closed gap positive for the day. Nifty closed right at EquityPandit’s predicted resistance levels of 9885 like a dot.

Today: Indian Stock Market to open flat. Technically, Nifty is in negative zone but BankNifty is still in positive zone. Market is still in consolidation. As stated earlier, Nifty is forming a Symmetrical Triangle Pattern which suggest sharp movement in days to come. Nifty needs to close above 9931 to see sharp positive movement whereas a close below 9750 would initiate a sharp correction in the market. Until then Market would remain rangebound. Since, today is F&O Expiry and hence volatility is not ruled out. Until Nifty breaches either of these levels, traders should remain cautious. Traders can go long near EquityPandit’s predicted support levels and short near EquityPandit’s predicted resistance levels until either of these two levels breaches. Breaching levels of 9931 would infuse fresh buying and market would see sharp breakout. Whereas breaching levels of 9750 on downside would infuse fresh selling and market would see a sharp breakdown.

FIIs were net sellers of Rs.12.46 crores whereas DIIs were net buyers of Rs.290.78 crores in cash market for last trading session. Nifty would see strong support at 9850-9825-9785-9740 whereas strong resistance would be seen at 9885-9812-9931-9950 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

Stocks In F&O Ban Period: ADANIENT, BEML, DLF, GMRINFRA, HDIL, IBREALEST, INDIACEM, JPASSOCIAT, JSWENERGY, RELCAPITAL.

NSE Nifty: (9884) The support for the Nifty is 9850-9825-9785-9740 and the resistance to the up move is at 9885-9812-9931-9950 levels.

NSE BankNifty: (24308) The support for BankNifty is at 24234-24170-24066-23935 and the resistance to the up move is at 24385-24460-24535-24625 levels.

BSE Sensex: (31646) The support for the Sensex is at 31524-31470-31420-31340 and the resistance to the up move is at 3175631810-31860-31938 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 – August 30, 2017

Gold (29662): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 29450 levels. Traders can initiate long positions on every dip until Gold Future closes below 29450 levels.

Silver (39818):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 39416  levels.

Crude (2962): 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 3051 levels.

Natural Gas (190.80): 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 185.45 levels.

Copper (434.00): 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 427.20.

Zinc (198.90): 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 201.95 levels.

Lead (151.25): 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 152.75 levels.

Nickel (746.50):  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 727.15 levels.

Aluminium (132.95):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 131.00 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Wednesday, August 30, 2017

equitypandit_square

Nifty To See Some Relief Rally, Immediate Resistance At 9860-9885

 

Last Trading Session: Indian Stock Market opened gap negative as per EquityPandit’s predictions. EquityPandit predicted that Nifty would see sharp correction below 9880 levels and exactly same happened. Indian Stock Market opened at 9886 levels for Nifty but saw a sharp downfall once it breached 9880 levels. Nifty saw lows right at EquityPandit’s predicted support levels of 9785 like a dot. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market to open gap positive. Technically, Nifty has entered into negative zone but BankNifty is still in positive zone. Market would see some relief rally post this sharp downfall that was seen yesterday but 9860-9885 would again act as immediate resistance for Nifty. Nifty would see sharp downfall if it breaches 9740 on intraday basis or closes below 9750. Nifty is forming Symmetrical Triangle Pattern that suggest a sharp movement on either side in upcoming days. So breaching 9740 on downside would initiate a sharp correction whereas closing above 9931 would force the index to breach 10000 levels. Traders should wait for clear direction before taking heavy positions.

FIIs were net sellers of Rs.1459.64 crores whereas DIIs were net buyers of Rs.1391.33 crores in cash market for last trading session. Nifty would see strong support at 9785-9740-9710-9685 whereas strong resistance would be seen at 9828-9860-9885-9931 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

Stocks In F&O Ban Period: BEML, DLF, GMRINFRA, HDIL, IBREALEST, INDIACEM, JSWENERGY, JUSTDIAL and RELCAPITAL.

NSE Nifty: (9796) The support for the Nifty is 9785-9740-9710-9685 and the resistance to the up move is at 9828-9860-9885-9931 levels.

NSE BankNifty: (24129) The support for BankNifty is at 24066-23935-23882-23822 and the resistance to the up move is at 24237-24350-24460-24535 levels.

BSE Sensex: (31388) The support for the Sensex is at 31340-31265-31220-31128 and the resistance to the up move is at 31538-31600-31756-31810 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 – August 29, 2017

Gold (29503): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 29069 levels. Traders can initiate long positions on every dip until Gold Future closes below 29069 levels.

Silver (39727):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38775  levels.

Crude (2970): Crude has entered into negative zone. Traders should initiate short positions on every rise. For now traders can hold short position until Crude future closes above 3083 levels.

Natural Gas (186.80): NG Future is trading into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG Future closes above 190.45 levels.

Copper (431.00): 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 424.85.

Zinc (197.05): Zinc is trading into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc is trading below 201.95 levels.

Lead (148.00): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 152.75 levels.

Nickel (745.40):  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 725.60 levels.

Aluminium (131.95):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 131.00 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Tuesday, August 29, 2017

equitypandit_square

Market To Open Gap Negative As North Korea Fires Missile Over Japan

 

Last Trading Session: Indian Stock Market opened positive as per EquityPandit’s predictions. EquityPandit predicted that traders can go long at dips until Nifty holds 9750 levels on closing basis. Indian Stock Market moved sharply positive and saw highs right at EquityPandit’s predicted resistance levels of 9928 for Nifty. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market to open gap Negative after North Korea fired a ballistic missile over Japan. Technically, Indian Stock Market has entered into positive zone but Nifty has formed DOJI candlestick pattern that suggest indecisiveness and profit booking can’t be ruled out. Nifty would see sharp correction below 9880 levels. Market would be bullish only if it closes above 9950. Closing above 9950 would form Double Bottom pattern for Nifty that is strongly bullish in nature. Traders should add long positions only once Nifty closes above 9950 levels. Until then traders can wait and watch as North Korea worries would initiate sharp profit booking across all markets around the globe.

FIIs were net sellers of Rs.124.74 crores whereas DIIs were net buyers of Rs.476.26 crores in cash market for last trading session. Nifty would see strong support at 9860-9815-9785-9750 whereas strong resistance would be seen at 9928-9950-9965-10000 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

Stocks In F&O Ban Period: BEML, GMRINFRA, HDIL, IBREALEST, INDIACEM, JPASSOCIAT, JSWENERGY, JUSTDIAL and RELCAPITAL.

NSE Nifty: (9913) The support for the Nifty is 9860-9815-9785-9750 and the resistance to the up move is at 9928-9950-9965-10000 levels.

NSE BankNifty: (24377) The support for BankNifty is at 24234-24170-24066-23935 and the resistance to the up move is at 24460-24535-24625-24720 levels.

BSE Sensex: (31751) The support for the Sensex is at 31524-31470-31420-31340-31265 and the resistance to the up move is at 31810-31860-31938-32060 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 – August 28, 2017

Gold (29167): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28977 levels. Traders can initiate long positions on every dip until Gold Future closes below 28977 levels.

Silver (39012):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38611  levels.

Crude (3058): 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 3008 levels.

Natural Gas (185.00): NG Future is trading into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG Future closes above 190.45 levels.

Copper (427.55): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes  below 421.55.

Zinc (195.50): Zinc is trading has entered into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc is trading below 203.10 levels.

Lead (147.30): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 154.10 levels.

Nickel (729.30):  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 725.60 levels.

Aluminium (131.30):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 131.00 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Monday, August 28, 2017

equitypandit_square

Market Consolidating For Now, Go Long At dips Until Nifty Holds 9750 On Closing Basis

 

Last Trading Session: Indian Stock Market opened flat with positive bias for the day. EquityPandit predicted that Indian Stock Market would continue to see positive momentum but would see some immediate resistance in 9860-9885 zone and exactly same happened. Indian Stock Market moved sharply positive but saw highs right below EquityPandit’s predicted resistance level of 9885 for Nifty. Sensex also saw strong resistance at EquityPandit’s predicted resistance levels of 31688. Finally, Indian Stock Market closed flat for the day. Nifty closed right below EquityPandit’s predicted resistance levels of 9860.

Today: Indian Stock Market to open flat with positive bias. Technically, Indian Stock Market is still in negative zone and analysis would remain same. BankNifty would enter into positive zone once it closes above 24351 whereas Nifty would enter into positive zone if it closes above 9901 levels. Nifty still possess some immediate resistance in 9860-9885 zone. 9950 is a major resistance for Nifty and the level to watch for, as breaching 9950 would confirm double bottom pattern, which is bullish in nature. If Nifty managed to breach 9950 in next few days then we would head towards new highs but until then market would continue to trade rangebound. Once Nifty closes above 9901 and BankNifty closes above 24351, traders can go long in index. Overall, 9750 is strong support for Nifty on closing basis, so traders can go long at dips with strict stoploss of 9750 on closing basis. Closing below 9750 would be very negative for the trend and Nifty would head towards 9550 in that case.

FIIs were net sellers of Rs.696.93 crores whereas DIIs were net buyers of Rs.1044.38 crores in cash market for last trading session. Nifty would see strong support at 9815-9785-9750-9710 whereas strong resistance would be seen at 9860-9885-9911-9928 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

Stocks In F&O Ban Period: DLF, GMR Infra, HDIL, Indiabulls Real Estate, JP Associate, JSW Energy and Justdial.

NSE Nifty: (9857) The support for the Nifty is 9815-9785-9750-9710 and the resistance to the up move is at 9860-9885-9911-9928 levels.

NSE BankNifty: (24274) The support for BankNifty is at 24234-24170-24066-23925 and the resistance to the up move is at 24460-24535-24625-24720 levels.

BSE Sensex: (31596) The support for the Sensex is at 31470-31420-31340-31265 and the resistance to the up move is at 31688-31770-31860-31938 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 (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Natural Gas for the week  (Aug 28, 2017 – Sep 01, 2017) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS (185) closed the week on negative note losing around 0.50%.

As we have mentioned last week, that support for the commodity lies in the zone of 183 to 185 where break out level for the commodity is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 178 to 180 where the commodity has formed a short term bottom. 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 183 to 185 where break out level for the commodity is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 178 to 180 where the commodity has formed a short term bottom.

Resistance for the commodity lies in the zone of 188 to 190 where Fibonacci level and short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 194 to 196 from where the commodity has broken down.

Broad range for the commodity in the coming week can be seen between 172 – 174 on downside & 195 – 197 on upside.

Crude Oil Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (Aug 28, 2017 – Sep 01, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3058) closed the week on negative note losing around 1.50%.

As we have mentioned last week, that 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 2980 to 3020 where short term moving averages are lying. During the week the commodity manages to hit a low of 3013 and close the week around the levels of 3058.

Support for the commodity lies in the zone of 2980 to 3020 where short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 2880 to 2920 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 3080 to 3120 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 3200 to 3230 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 2900 – 2930 on downside & 3200 – 3230 on upside.

Aluminium Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Aluminium for the week  (Aug 28, 2017 – Sep 01, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (131.30) closed the week on positive note gaining around 0.20%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 130 to 131 where the commodity has formed multiple top in last 4 years. If the commodity manages to close above these levels then the commodity can witness a major multi-year break out and the commodity can move to the levels of 140 to 142. During the week the commodity manages to hit a high of 135 and close the week around the levels of 131.30.

Support for the commodity lies in the zone of around 127 to 128 where break-out levels for the commodity is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 125 to 126 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 130 to 131 where the commodity has formed multiple top in last 4 years. If the commodity manages to close above these levels then the commodity can witness a major multi-year break out and the commodity can move to the levels of 140 to 142.

Broad range for the commodity in the coming week can be seen between 123 – 125 on downside and 136 – 138 on upside.

Nickel Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Nickel for the week  (Aug 28, 2017 – Sep 01, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (729) closed the week on positive note gaining around 3.60%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 700 to 705 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 720 to 725 where Fibonacci level is lying. During the week the commodity manages to hit a high of 755 and close the week around the levels of 729.

Support for the commodity lies in the zone of 720 to 725 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 700 to 705 where Fibonacci level is lying..

Resistance for the commodity lies in the zone of 745 to 750 from where the commodity has sold off in the month of Feb-2017. If the commodity manages to close above these levels then the commodity can move to the levels of around 775 to 780 from where the commodity has sold off in the month of Dec-2016.

Broad range for the commodity in the coming week can be seen between 680 – 690 on downside & 760 – 770 on upside.

Lead Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Lead for the week  (Aug 28, 2017 – Sep 01, 2017) :

LEAD:

 

LEAD 1

 

LEAD (147.30) closed the week on negative note losing around 2.00%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 153 to 155 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 159 to 161 where long term Fibonacci levels are lying. During the week the commodity manages to hit a high of 154 and close the week around the levels of 147.30

Support for the commodity lies in the zone of 146 to 148 where short term & 200 daily moving averages and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 142 to 143 where medium term moving averages and Fibonacci levels are lying.

Minor resistance for the commodity lies in the zone of 149 to 150. Resistance for the commodity lies in the zone of 153 to 155 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 159 to 161 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 138 – 140 on downside & 155 – 157 on upside.

Zinc Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Zinc for the week  (Aug 28, 2017 – Sep 01, 2017) :

ZINC:

 

ZINC 1

 

ZINC (195.50) closed the week on a negative note losing around 2.60%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 204 to 206 where trend-line joining highs of 208 and 204 are lying. If the commodity manages to close above these levels then the commodity will broke out of multiple years of consolidation and correction. During the week the commodity manages to hit a high of 203 and close the week around the levels of 195.50

Minor support for the commodity lies in the zone of 195 to 197. Support for the commodity lies in the zone of 189 to 191 from where the commodity broke out after consolidation. If the commodity manages to close below these levels then the commodity can drift to the levels of around 185 to 187 from where the commodity broke out of July-2017 highs and declining trend-line support is lying.

Resistance for the commodity lies in the zone of 204 to 206 where trend-line joining highs of 208 and 204 are lying. If the commodity manages to close above these levels then the commodity will broke out of multiple years of consolidation and correction.

Broad range for the commodity in the coming week can be seen between 185 – 187 on downside & 208 – 210 on upside.

Copper Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Copper for the week  (Aug 28, 2017 – Sep 01, 2017) :

COPPER:

 

COPPER 1

 

COPPER (427.55) 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 422 to 425 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 428 to 430. During the week the commodity manages to hit a high of 431 and close the week around the levels of 428.

Support for the commodity lies in the zone of 422 to 425 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 412 to 415 where high for the November-2016 and February-2017 is lying.

Resistance for the commodity lies in the zone of 428 to 430. If the commodity manages to close above these levels then the commodity can move to the levels of 439 to 441.

Broad range for the commodity in the coming week can be seen between 412 – 415 on downside & 438 – 440 on upside.

Silver Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Silver for the week  (Aug 28, 2017 – Sep 01, 2017) :

SILVER:

 

SILVER 1

 

SILVER (39012) closed the week on negative note losing around 0.10%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 39300 to 39500. Resistance for the commodity lies in the zone of 40000 to 40200 where 200 daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 40600 to 40700 where Fibonacci level is lying. During the week the commodity manages to hit a high of 39288 and close the week around the levels of 39012.

Support for the commodity lies in the zone of 38800 to 38900 from where the commodity broke out of double top pattern. If the commodity manages to close below these levels then the commodity can drift to the levels of 38100 to 38200 where short term moving averages are lying.

Minor resistance for the commodity lies in the zone of 39300 to 39500. Resistance for the commodity lies in the zone of 40000 to 40200 where 200 daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 40600 to 40700 where Fibonacci level is lying.

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

Gold Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Gold for the week  (Aug 28, 2017 – Sep 01, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29167) closed the week on absolutely flat note.

As we have mentioned last week, that support for the commodity lies in the zone of 28900 to 29000 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where medium and long term moving averages are lying. During the week the commodity manages to hit a low of 28777 and close the week around the levels of 29167

Support for the commodity lies in the zone of 28900 to 29000 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where medium and long term moving averages are lying.

Resistance for the commodity lies in the zone of 29550 to 29650 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can witness a major break-out and the commodity can move to the levels of 30200 to 30300 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 28500 – 28600 on downside & 29600 – 29700 on upside.

Colgate Palmolive Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week  (Aug 28, 2017 – Sep 01, 2017) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on positive note gaining around 1.90%.

As we have mentioned last week that resistance for the stock lies in the zone of 1080 to 1090 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 1125 to 1135 where Fibonacci levels are lying. During the week the stock manages to hit a high of 1098 and close the week around the levels of 1094.

Support for the stock lies in the zone of 1080 to 1090 where Fibonacci level and short term moving average are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1040 to 1050 where medium term moving averages are lying.

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 and high for the month of July-2017 are lying. If the stock manages to close above these levels then the stock can move to the levels of 1150 to 1160.

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

Dabur Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for DABUR for the week  (Aug 28, 2017 – Sep 01, 2017) :

DABUR:

 

DABUR

 

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

As we have mentioned last week, that minor support for the stock lies in the zone of 304 to 306. Support for the stock lies in the zone of 298 to 300 where Fibonacci level and short term moving average are lying. If the stock manages to close below these levels then the stock can drift to the levels of 292 to 294 where high of the month of June-2017 is lying. During the week the stock manages to hit a low of 296 and close the week around the levels of 300.

Support for the stock lies in the zone of 298 to 300 where Fibonacci level and short term moving average are lying. If the stock manages to close below these levels then the stock can drift to the levels of 292 to 294 where high of the month of June-2017 and medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 305 to 307. Resistance for the stock lies in the zone of 312 to 315 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 320 to 323 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 & 312 to 315 on upside.

Hindustan Unilever Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week  (Aug 28, 2017 – Sep 01, 2017) :

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

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

As we have mentioned last week, that resistance for the stock lies in the zone of 1200 to 1210 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 1230 to 1240. During the week the stock manages to hit a high of 1207 and close the week around the levels of 1180.

Minor support for stock lies in the zone of 1173 to 1183. Support for the stock lies in the zone of 1140 to 1145 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 1118 to 1125 where break out levels and short term moving averages for the stock is lying.

Resistance for the stock lies in the zone of 1200 to 1210 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 1230 to 1240.

Broad range for the stock in coming week is seen between 1150 to 1160 on downside & 1230 to 1240 on upside.

ITC Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for ITC for the week  (Aug 28, 2017 – Sep 01, 2017) :

ITC:

 

ITC

 

ITC closed the week on negative note losing around 0.10%.

As we have mentioned last week, that resistance for the stock lies in the zone of 280 to 282 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 293 to 295 where Fibonacci level and medium term moving averages are lying. During the week the stock manages to hit a high of 286 and close the week around the levels of 281.

Minor support for the stock lies in the zone of 277 to 278. Support for the stock lies in the zone of 272 to 274 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 265 to 267 where Fibonacci level and break out levels for the stock are lying.

Resistance for the stock lies in the zone of 280 to 282 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 293 to 295 where Fibonacci level and medium term moving averages are lying.

Broad range for the stock in coming week is seen between 270 to 272 on downside & 293 to 295 on upside.

Cipla Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Cipla for the week  (Aug 28, 2017 – Sep 01, 2017) :

CIPLA:

 

CIPLA

 

CIPLA closed the week on positive note gaining around 1.50%.

As we have mentioned last week, that support for the stock lies in the zone of 550 to 555 where short & medium 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 where the stock has formed a low for the month of July-2017. During the week the stock manages to hit a low of 555 and close the week around the levels of 574.

Support for the stock lies in the zone of 563 to 567. Support for the stock lies in the zone of 550 to 555 where short & medium 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 where the stock has formed a low for the month of July-2017.

Resistance for the stock lies in the zone of 578 to 582. If the stock manages to close above these levels then the stock can move to the levels of 595 to 600 where the stock has formed a short term top.

Broad range for the stock is seen in the range of 550 – 555 on downside & 595 – 600 on upside.

Dr. Reddy Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (Aug 28, 2017 – Sep 01, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 5.40%.

As we have mentioned last week, that support for the stock lies in the zone of 1900 to 1930 where long term Fibonacci levels are lying. If the stock manages to close below these levels then the stock can witness a freefall and the stock can drift to the levels of 1800 to 1820 from where the stock broke out of 2 years of consolidation from the year 2010 to 2012. During the week the stock manages to hit a low of 1921 and close the week around the levels of 2088.

Minor support for the stock lies in the zone of 2000 to 2030. Support for the stock lies in the zone of 1900 to 1930 where long term Fibonacci levels are lying. If the stock manages to close below these levels then the stock can witness a freefall and the stock can drift to the levels of 1800 to 1820 from where the stock broke out of 2 years of consolidation from the year 2010 to 2012.

Resistance for the stock lies in the zone of 2200 to 2230 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2370 to 2400 where Fibonacci level is lying.

Broad range for the stock is seen from 1950 – 2000 on downside & 2200 – 2250 on upside.

Lupin Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Lupin for the week  (Aug 28, 2017 – Sep 01, 2017) :

LUPIN:

 

LUPIN

 

Lupin closed the week on positive note gaining around 5.80%.

As we have mentioned last week, that resistance for the stock lies in the zone of 950 to 960 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 1030 to 1040 from where the stock broke down from July-2017 low. During the week the stock manages to hit a high of 999 and close the week around the levels of 992.

Minor support for the stock lies in the zone of 975 to 980. Support for the stock lies in the zone of 950 to 960 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 870 to 880 where long term Fibonacci level is lying.

Resistance for the stock lies in the zone of 1000 to 1010. If the stock manages to close above these levels then the stock can move to the levels of 1030 to 1040 from where the stock broke down from July-2017 low.

Broad range for the stock in coming week can be seen from 950 – 960 on downside & 1030 – 1040 on upside.

Sun Pharma Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Sun Pharma for the week  (Aug 28, 2017 – Sep 01, 2017) :

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on positive note gaining around 2.70%.

As we have mentioned last week that the stock has broken down from all major support zones on long term charts. Minor support for the stock lies in the zone of 450 to 455. Support for the stock lies in the zone of 430 to 435. If the stock manages to close below these levels then the stock can drift to the levels of 370 to375. During the week the stock manages to hit a low of 459 and close the week around the levels of 483.

Minor support for the stock lies in the zone of 473 to 478. The stock has broken down from all major support zones on long term charts. Support for the stock lies in the zone of 450 to 455. Support for the stock lies in the zone of 430 to 435. If the stock manages to close below these levels then the stock can drift to the levels of 370 to375.

Resistance for the stock lies in the zone of 488 to 492 from where the stock broke down from May-2017 lows. If the stock manages to close above these levels then the stock can move to the levels of 500 to 505.

Broad range for the stock in the coming week can be 450 – 455 on lower side & 500 – 505 on upper side.

Wipro Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Wipro for the week  (Aug 28, 2017 – Sep 01, 2017) :

WIPRO:

 

WIPRO

 

Wipro closed the week on positive note gaining around 0.50%.

As we have mentioned last week, that support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 287 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 (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for HCL Tech for the week  (Aug 28, 2017 – Sep 01, 2017) :

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on negative note losing around 1.00%.

As we have mentioned last week that support for the stock lies in the zone of 860 to 870 where break out levels, Fibonacci levels and short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 830 to 835 where the stock has taken multiple support and 200 daily moving averages are lying. During the week the stock manages to hit a low of 863 and close the week around the levels of 867.

Support for the stock lies in the zone of 860 to 870 where break out levels, Fibonacci levels and short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 830 to 835 where the stock has taken multiple support and 200 daily moving averages are lying.

Minor resistance for the stock lies in the zone of 880 to 885. Resistance for the stock lies in the zone of 890 to 900 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 915 to 925 where Fibonacci level is lying.

Broad range for the stock in the coming week is seen between 830 to 840 on downside & 900 to 910 on upside.

TCS Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for TCS for the week  (Aug 28, 2017 – Sep 01, 2017)  :

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on negative note losing around 0.70%.

As we have mentioned last week, that minor support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 2473 and close the week around the levels of 2497.

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 2520 to 2525. Resistance for the stock lies in the zone of 2580 to 2600 where the stock has formed a top in the month of July-2017. If the stock manages to close above these levels then the stock can move to the levels of 2700 where the stock has formed a top in the month of June-2017.

Broad range for the stock in the coming week is seen between 2380 to 2400 on downside & 2620 to 2650 on upside.

Infosys Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Infosys for the week  (Aug 28, 2017 – Sep 01, 2017) :

INFOSYS:

 

INFY

 

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

As we have mentioned last week, that support for the stock lies in the zone of 900 to 910 where the stock has taken multiple supports. If the stock manages to close below these levels then the stock can witness a major break down and the stock can drift to the levels of 820 to 830 where long term trend-line support for the stock is lying. During the week the stock manages to hit a low of 860 and close the week around the levels of 912.

Support for the stock lies in the zone of 890 to 900 where the stock has taken multiple supports. If the stock manages to close below these levels then the stock can witness a major break down and the stock can drift to the levels of 820 to 830 where long term trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 910 to 920 from where the stock has broken down from the support. If the stock manages to close above these levels then the stock can move to the levels of around 940 to 945 where Fibonacci levels are lying.

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

SBI Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for SBI for the week  (Aug 28, 2017 – Sep 01, 2017) :

STATE BANK OF INDIA:

 

SBIN

 

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

As we have mentioned last week that support for the stock lies in the zone of 275 to 277 where 200 daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 268 to 270 where the stock has taken multiple support. During the week the stock manages to hit a low of 271 and close the week around the levels of 280.

Support for the stock lies in the zone of 275 to 277 where 200 daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 268 to 270 where the stock has taken multiple support.

Minor resistance for the stock lies in the zone of 283 to 285. Resistance for the stock lies in the zone of 288 to 290 where Fibonacci levels and short & medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 297 to 299.

Broad range for the stock in the coming week can be 264 to 266 on lower side & 292 to 294 on upper side.

Axis Bank Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (Aug 28, 2017 – Sep 01, 2017) :

AXIS BANK:

 

AXISBANK

 

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

As we have mentioned last week, that resistance for the stock lies in the zone of 492 to 495 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 503 to 508 where short & medium term moving averages are lying. During the week the stock manages to hit a high of 510 and close the week around the levels of 507.

Minor support for the stock lies in the zone of 498 to 501. Support for the stock lies in the zone of 492 to 495 where 200 Daily Moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 482 to 485 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone of 503 to 508 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 517 to 520 from where the stock has sold off.

Broad range for the stock in the coming week can be 485– 490 on lower side & 515 – 520 on upper side.

ICICI Bank Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for ICICI Bank for the week  (Aug 28, 2017 – Sep 01, 2017) :

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on positive note gaining around 1.50%.

As we have mentioned last week, that resistance for the stock lies in the zone of 295 to 297 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 302 to 305 where the stock has sold off. During the week the stock manages to hit a high of 300 and close the week around the levels of 298.

Minor support for the stock lies in the zone of 293 to 295. Support for the stock lies in the zone of 282 to 284 where Fibonacci level and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 270 to 272 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 302 to 305 where the stock has sold off. If the stock manages to close above these levels then the stock can move to the levels of 310 to 312 where the stock has formed a high in the month of July-2017.

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 (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for HDFC Bank for the week  (Aug 28, 2017 – Sep 01, 2017) :

HDFC BANK:

 

HDFCBANK

 

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

As we have mentioned last week that minor support for the stock lies in the zone of 1735 to 1740. Support for the stock lies in the zone of 1710 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 1680 to 1690 where short term moving averages are lying. During the week the stock manages to hit a low of 1737 and close the week around the levels of 1762.

Minor support for the stock lies in the zone of 1735 to 1740. Support for the stock lies in the zone of 1710 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 1680 to 1690 where short term moving averages are lying.

Minor resistance for the stock lies in the zone of 1770 to 1780. Resistance for the stock lies in the zone of 1800 to 1810 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 around 1850 to 1860.

Broad range for the stock in the coming week can be 1720 to 1730 on lower side & 1800 to 1810 on upper side.

Nifty Media Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for NIFTY MEDIA for the week  (Aug 28, 2017 – Sep 01, 2017) :

NIFTY MEDIA:

 

NIFTYMEDIA

 

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

As we have mentioned last week, that support for the index lies in the zone of 2910 to 2950 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 2750 to 2800 where Fibonacci levels are lying. During the week the index manages to hit a low of 2904 and close the week around the levels of 2930.

Support for the index lies in the zone of 2910 to 2950 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 2750 to 2800 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 3030 to 3060 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 3100 where medium term moving averages are lying.

Broad range for the index is seen between 2850 to 2870 on downside & 3030 to 3050 on upside.

Nifty Realty Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for NIFTY REALTY for the week  (Aug 28, 2017 – Sep 01, 2017) :

NIFTY REALTY:

 

NIFTYREALT

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 264 to 266. Support for the index lies in the zone of 258 to 260 from where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 250 to 252 where trend-line support for the index is lying. During the week the index manages to hit a low of 264 and close the week around the levels of 274.

Minor support for the index lies in the zone of 266 to 268. Support for the index lies in the zone of 258 to 260 from where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 250 to 252 where trend-line support for the index is lying.

Resistance for the index lies in the zone of 275 to 278 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 284 to 286 from where the index has sold off.

Broad range for the index is seen between 256 to 258 on downside & 280 to 282 on upside.

Nifty PSU Bank Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Aug 28, 2017 – Sep 01, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

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

As we have mentioned last week, that support for the index lies in the zone of 3200 to 3250 where the index has taken support in the month of March-2017 and June-2017. If the index manages to close below these levels then the index can drift to the levels of 3100 to 3140 where long term Fibonacci levels are lying. During the week the index manages to hit a low of 3202 and close the week around the levels of 3323.

Support for the index lies in the zone of 3200 to 3250 where the index has taken support in the month of March-2017 and June-2017. If the index manages to close below these levels then the index can drift to the levels of 3100 to 3140 where long term Fibonacci levels are lying.

Resistance for the index lies in the zone of 3330 to 3350 where 200 daily moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3470 to 3500 where Fibonacci levels and short & medium term moving averages are lying.

Broad range for the index is seen between 3100 to 3140 on downside & 3470 to 3500 on upside.

Nifty Metal Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for NIFTY METAL for the week  (Aug 28, 2017 – Sep 01, 2017) :

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 3300 to 3330. Support for the index lies in the zone of 3200 to 3230 from where the index broke out of March-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 3060 to 3100 where break out levels for the index is lying and short term moving averages are lying. During the week the index manages to hit a low of 3328 and close the week around the levels of 3414.

Minor support for the index lies in the zone of 3340 to 3370. Support for the index lies in the zone of 3200 to 3230 from where the index broke out of March-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 3060 to 3100 where break out levels for the index is lying and short term moving averages are lying.

Resistance for the index lies in the zone of 3450 to 3460 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 3520 to 3550 where the index has formed a life time high.

Broad range for the index is seen between 3280 to 3320 on downside & 3530 to 3550 on upside.

Nifty Energy Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (Aug 28, 2017 – Sep 01, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

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

As we have mentioned last week that minor support for the index lies in the zone of 12750 to 12800. Support for the index lies in the zone of 12500 to 12600 from where the index broke out of April-2017 highs and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 12000 to 12100 where short & medium term moving averages are lying. During the week the index manages to hit a low of 12780 and close the week around the levels of 12934.

Minor support for the index lies in the zone of 12750 to 12800. Support for the index lies in the zone of 12500 to 12600 from where the index broke out of April-2017 highs and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 12000 to 12100 where short & medium term moving averages are lying.

Minor resistance for the index lies in the zone of 13000 to 13050. Resistance for the index lies in the zone of 13200 to 13300 where the index has formed a short term top. If the index manages to close above these levels then the index can move to the levels of 13500 to 13600.

Broad range for the index is seen between 12500 to 12600 on downside & 13500 to 13600 on upside.

Nifty Auto Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (Aug 28, 2017 – Sep 01, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 1.00%.

As we have mentioned last week, that support for the index lies in the zone of 10470 to 10520 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 from where the index broke out of Feb-2017 highs. During the week the index manages to hit a low of 10468 and close the week around the levels of 10571.

Support for the index lies in the zone of 10500 to 10600 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 from where the index broke out of Feb-2017 highs and Fibonacci levels are lying.

Resistance for the index lies in the zone of 10800 to 10900 from where the index broke down after consolidation and short term moving averages are lying. If the index manages to close below these levels then the index can move to the levels of 11000 to 11100 where Fibonacci levels are lying.

Broad range for the index is seen from 10100 to 10200 on downside & 11000 to 11100 on upside.

Nifty Pharma Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for NIFTY Pharma for the week  (Aug 28, 2017 – Sep 01, 2017) :

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 8600 to 8650 from where the index broke down from the lows of May-2017. If the index manages to close above these levels then the index can move to the levels of 9000 to 9050 from where the index broke down. During the week the index manages to hit a high of 8921 and close the week around the levels of 8902.

Minor support for the index lies in the zone of 8700 to 8750. Support for the index lies in the zone of 8600 to 8650 from where the index broke out of consolidation. If the index manages to close below these levels then the index can drift to the levels of 8300 to 8350 where the index has formed a short term bottom.

Resistance for the index lies in the zone of 8900 to 8950 from where the index broke down. If the index manages to close above these levels then the index can move to the levels of 9200 to 9250 where Fibonacci levels are lying.

Broad range for the index is seen from 8600 to 8650 on downside & 9200 to 9250 on upside.

Nifty FMCG Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (Aug 28, 2017 – Sep 01, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

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

As we have mentioned last week, that support for the index lies in the zone of 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 25000 to 25200 where medium term moving averages and break out levels are lying. During the week the index manages to hit a low of 25538 and close the week around the levels of 25555.

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 25000 to 25200 where medium term moving averages and break out levels are lying.

Resistance for the index lies in the zone of 26100 to 26200 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 26600 to 26700.

Broad range for the index in the coming week is seen from 24700 to 24800 on downside & 26600 to 26700 on upside.

Nifty IT Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for NIFTY IT for the week  ( Aug 28, 2017 – Sep 01, 2017) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that support for the index lies in the zone of 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 10401 and close the week around the levels of 10504.

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 10700 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 10200 to 10300 on downside & 10800 to 10900 on upside.

Nifty Bank Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Aug 28, 2017 – Sep 01, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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

As we have mentioned, last week that 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. During the week the index manages to hit a low of 23882 and close the week around the levels of 24274.

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.

Resistance for the index lies in the zone of 24500 to 24600 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 24900 to 25000.

Range for the week is seen from 23700 to 23800 on downside & 24700 to 24800 on upside.

Nifty Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

Equityandit’s Outlook for Nifty for week (Aug 28, 2017 – Sep 01, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that support for the index lies in the zone of 9780 to 9810 where short term moving averages are lying. Support for the index lies in the zone of 9700 to 9740 from where the index broke out of June-2017 high. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 where medium term moving averages are lying. During the week the index manages to hit a low of 9740 and close the week around the levels of 9857.

Support for the index lies in the zone of 9780 to 9810 where short term moving averages are lying. Support for the index lies in the zone of 9700 to 9740 from where the index broke out of June-2017 high. If the index manages to close below these levels then the index can drift to the levels of 9550 to 9600 where medium term moving averages are lying.

Resistance for the index lies in the zone of 9950 to 10000 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 10080 to 10120 where the index has formed a top.

Broad range for the week is seen from 9650 on downside & 10050 on upside.

MCX Tips for – August 24, 2017

Gold (29164): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28977 levels. Traders can initiate long positions on every dip until Gold Future closes below 28977 levels.

Silver (39074):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38611  levels.

Crude (3107): 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 3008 levels.

Natural Gas (187.80): NG Future is trading into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG Future closes above 190.45 levels.

Copper (421.55): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes  below 416.85.

Zinc (198.70): 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 196.20 levels.

Lead (151.65): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 155.80 levels.

Nickel (750.50):  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 717.20 levels.

Aluminium (133.95):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 130.20 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Thursday, August 24, 2017

equitypandit_square

Go Long At Dips Until Nifty Holds 9750 On Closing Basis

 

Last Trading Session: Indian Stock Market opened gap positive for the day as per EquityPandit predictions. EquityPandit predicted that Indian Stock Market would open positive and 9860-9885 would be major resistace zone for Nifty and exactly same happened. Indian Stock Market moved sharply positive and saw highs right at EquityPandit’s predicted resistance levels of 9860 for Nifty. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market to open flat. Technically, Indian Stock Market is still in negative zone. BankNifty would enter into positive zone once it closes above 24351 whereas Nifty would enter into positive zone if it closes above 9901 levels. Nifty would also see some immediate resistance in 9860-9885 zone but overall market looks to continue positive momentum. Nifty is in initial stage of forming Double Bottom Pattern and this suggests that if Nifty closes above 9950 then it would see new highs in days to come. Market may see some pressure as US President Trump threatens government shutdown that saw drop in US Index Dow Jones Industrial Average by around 88 points yesterday but Traders can go long at dips in the market until Nifty holds above 9750 levels on closing basis. Closing below 9750 would initiate a big downfall.

FIIs were net sellers of Rs.1157.52 crores whereas DIIs were net buyers of Rs.929.84 crores in cash market for last trading session. Nifty would see strong support at 9785-9750-9710-9685 whereas strong resistance would be seen at 9860-9885-9911-9928 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

Stocks In F&O Ban Period: DLF, GMR Infra, HDIL, Indiabulls Real Estate, JP Associate, JSW Energy and Justdial.

NSE Nifty: (9853) The support for the Nifty is 9785-9750-9710-9685 and the resistance to the up move is at 9860-9885-9911-9928 levels.

NSE BankNifty: (24317) The support for BankNifty is at 24234-24170-24066-23925 and the resistance to the up move is at 24460-24535-24625-24720 levels.

BSE Sensex: (31568) The support for the Sensex is at 31470-31420-31340-31265 and the resistance to the up move is at 31688-31770-31860-31938 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 – August 23, 2017

Gold (29105): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28977 levels. Traders can initiate long positions on every dip until Gold Future closes below 28977 levels.

Silver (38939):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38611  levels.

Crude (3072): Crude is trading into positive zone. Traders should initiate long positions on every dip. For now traders can hold long position until Crude future closes below 2995 levels.

Natural Gas (188.70): NG Future is trading into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG Future closes above 190.45 levels.

Copper (422.05): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes  below 416.85.

Zinc (199.60): 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 196.20 levels.

Lead (153.75): 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 155.80 levels.

Nickel (731.00):  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 710.60 levels.

Aluminium (131.95):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 130.20 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Wednesday, August 23, 2017

equitypandit_square

Nifty To Open Positive, Bullish Only Above 9860-9885, Sharp Downfall Below 9750

 

Last Trading Session: Indian Stock Market opened positive for the day as per EquityPandit predictions. EquityPandit predicted that market would see recovery but traders should go short at every positive rally and exactly same happened. Market moved sharply positive and saw highs 9828 levels for Nifty. Nifty saw a sharp downfall from there exactly to EquityPandit’s predicted support levels of 9750 like a dot. Finally, Indian Stock Market closed mildly positive for the day.

Today: Indian Stock Market to open gap positive followed by Wall Street rally on expectation of tax reforms. Technically, Indian Stock Market is still in negative zone. Now 9860-9885 would be major resistance zone for Nifty, breaching which bulls would again come in action and may take the index higher whereas breaching 9750 by closing would pave the path of further downfall for the market. If Nifty managed to close below 9750 then we may see levels of 9710-9685 immediately. Traders should wait for confirmation before taking heavy trades.

FIIs were net sellers of Rs.828.69 crores whereas DIIs were net buyers of Rs.435.05 crores in cash market for last trading session. Nifty would see strong support at 9750-9710-9685-9640 whereas strong resistance would be seen at 9828-9860-9885-9906 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

Stocks In F&O Ban Period: DLF, Fortis, GMR Infra, HDIL, Indiabulls Real Estate, JP Associate, JSW Energy and Justdial.

NSE Nifty: (9766) The support for the Nifty is 9750-9710-9685-9640 and the resistance to the up move is at 9828-9860-9885-9906 levels.

NSE BankNifty: (23974) The support for BankNifty is at 23820-23740-23660-23500 and the resistance to the up move is at 24090-24180-24270-24312 levels.

BSE Sensex: (31292) The support for the Sensex is at 31240-31170-31060-30940-30865 and the resistance to the up move is at 31345-31380-31430-31505 levels.

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

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

MCX Tips for – August 22, 2017

Gold (29283): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28977 levels. Traders can initiate long positions on every dip until Gold Future closes below 28977 levels.

Silver (39088):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38611  levels.

Crude (3033): 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 2989 levels.

Natural Gas (190.30): NG Future is trading into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG Future closes above 190.45 levels.

Copper (421.90): 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 414.40.

Zinc (200.25): 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 196.20 levels.

Lead (149.50): 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 155.80 levels.

Nickel (724.90):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 695.25 levels.

Aluminium (132.60):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 130.20 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Tuesday, August 22, 2017

equitypandit_square

Market To See Some Recovery But Go Short At Every Positive Rally For Now

 

Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that though market can see positive movement for now but overall structure of market is not bullish and hence we could see more pain in the market. EquityPandit also predicted that close below 9814 for Nifty and 23958 for BankNifty would force further downfall and exactly same happened. Indian Stock Market moved sharply positive but saw strong resistance at 9885 levels for Nifty. Market fell down sharply from there entering into negative zone. Nifty closed right above EquityPandit’s predicted support levels of 9750. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market to open positive. Technically, Indian Stock Market, including Nifty, BankNifty and Sensex has entered into negative zone. Some short covering rally would be seen in the market after this sharp downfall. Nifty may face immediate support of 9750-9740, breaching which it would retest the immediate lows of 9685 levels and would open the downfall towards 9550 for Nifty. BankNifty is forming even worser chart pattern where nearest support exists at 23820, breaching which BankNifty could head towards 23500 levels. Overall, short covering rally that would be seen today would be an opportunity for traders to go short in the market until Nifty is holding below 9930 levels on closing basis.

FIIs were net sellers of Rs.1983.39 crores whereas DIIs were net buyers of Rs.474.72 crores in cash market for last trading session. Nifty would see strong support at 9710-9685-9640-9608 whereas strong resistance would be seen at 9800-9820-9860-9885 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

Stocks In F&O Ban Period: BEML, Fortis Healthcare, HDIL, Indiabulls Real Estate, Jaiprakash Associates, JSW Energy, Just Dial.

NSE Nifty: (9754) The support for the Nifty is 9710-9685-9640-9608 and the resistance to the up move is at 9800-9820-9860-9885 levels.

NSE BankNifty: (23937) The support for BankNifty is at 23820-23740-23660-23500 and the resistance to the up move is at 24090-24180-24270-24312 levels.

BSE Sensex: (31259) The support for the Sensex is at 31170-31060-30940-30865 and the resistance to the up move is at 31345-31380-31430-31505 levels.

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

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

MCX Tips for – August 21, 2017

Gold (29163): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28977 levels. Traders can initiate long positions on every dip until Gold Future closes below 28977 levels.

Silver (39063):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38611  levels.

Crude (3104): 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 2985 levels.

Natural Gas (186): 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 190.45 levels.

Copper (415.35): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes  below 411.45.

Zinc (200.80): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc is trading above 193.95 levels.

Lead (150.40): Lead has entered into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 158.00 levels.

Nickel (704.00):  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 677.45 levels.

Aluminium (131.05):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 130.20 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Monday, August 21, 2017

equitypandit_square

Close Below 9814 For Nifty and 23958 For BankNifty Would Force Further Downfall

 

Last Trading Session: Indian Stock Market opened gap negative predicted by EquityPandit. EquityPandit predicted that Indian Market would slide down further on profit booking until Nifty closes above 9906 levels and exactly same happened. Market saw lows right near EquityPandit’s predicted support levels of 9778 for Nifty and 23940 for BankNifty on the news of Vishal Sikka’s Resignation from position of CEO and MD of Infosys. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market to open flat. Technically, Indian Stock Market is still in positive zone but would see reversal i.e. enter into negative zone, if market closes below 9814 levels for Nifty and 23958 for BankNifty. Nifty and BankNifty has formed Hammer Candlestick pattern that shows that bulls were active from the lows of last trading session. Market can see positive movement if it breaches 9866 levels but overall structure of market is not bullish as of now. 9950 and 10000 are strong resistance levels for Nifty to deal with. Though last trading session’s downfall was mainly due to resignation of Infosys CEO Mr. Vishal Sikka and hence recovery is possible as of now but if Nifty managed to close below 9814 then we would see more pain in the market and can expect Nifty to test immediate lows of 9710 again. BankNifty is more bearish as compared to Nifty and if BankNifty is not able to recover from here then a sharp downfall till 23500 is a possibility. Traders should remain cautious as today’s closing for Nifty would be very crucial for further market direction.

FIIs were net sellers of Rs.2182.12 crores whereas DIIs were net buyers of Rs.584.59 crores in cash market for last trading session. Nifty would see strong support at 9814-9792-9778-9750 whereas strong resistance would be seen at 9866-9905-9918-9950 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

Stocks In F&O Ban Period: BEML, Fortis Healthcare, HDIL, Indiabulls Real Estate, Jaiprakash Associates, JSW Energy, Just Dial.

NSE Nifty: (9837) The support for the Nifty is 9814-9792-9778-9750 and the resistance to the up move is at 9866-9905-9918-9950 levels.

NSE BankNifty: (24074) The support for BankNifty is at 24066-23940-23820-23750 and the resistance to the up move is at 24170-24312-24460-24535 levels.

BSE Sensex: (31525) The support for the Sensex is at 31500-31350-31265-31110 and the resistance to the up move is at 31623-31715-31885-31950 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 (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for Natural Gas for the week  (Aug 21, 2017 – Aug 25, 2017) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS (186) closed the week on negative note losing around 3.00%.

As we have mentioned last week, that support for the commodity lies in the zone of 188 to 190 where Fibonacci level and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 183 to 185 where break out level for the commodity is lying. During the week the commodity manages to hit a low of 183 and close the week around the levels of 186.

Support for the commodity lies in the zone of 183 to 185 where break out level for the commodity is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 178 to 180 where the commodity has formed a short term bottom.

Resistance for the commodity lies in the zone of 188 to 190 where Fibonacci level and short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 194 to 196 from where the commodity has broken down.

Broad range for the commodity in the coming week can be seen between 172 – 174 on downside & 200 – 202 on upside.

Crude Oil Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (Aug 21, 2017 – Aug 25, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3104) closed the week on negative note losing around 0.70%.

As we have mentioned last week, that support for the commodity lies in the zone of 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. During the week the commodity manages to hit a low of 2981 and close the week around the levels of 3104.

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 2980 to 3020 where short term moving averages are lying.

Minor resistance for the commodity lies in the zone of 3140 to 3150. 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 3000 – 3030 on downside & 3230 – 3250 on upside.

Aluminium Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for Aluminium for the week  (Aug 21, 2017 – Aug 25, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (131.05) 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 130 to 131 where the commodity has formed multiple top in last 4 years. If the commodity manages to close above these levels then the commodity can witness a major multi-year break out and the commodity can move to the levels of 140 to 142. During the week the commodity manages to hit a high of 134.40 and close the week around the levels of 131.

Support for the commodity lies in the zone of around 127 to 128 where break-out levels for the commodity is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 125 to 126 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 130 to 131 where the commodity has formed multiple top in last 4 years. If the commodity manages to close above these levels then the commodity can witness a major multi-year break out and the commodity can move to the levels of 140 to 142.

Broad range for the commodity in the coming week can be seen between 123 – 125 on downside and 136 – 138 on upside.

Nickel Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

NICKEL 1

 

NICKEL (704) closed the week on positive note gaining around 3.30%.

As we have mentioned last week, that support for the commodity lies in the zone of 673 to 678 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 660 to 665 where break out levels and 200 daily moving averages are lying. During the week the commodity manages to hit a low of 664 and close the week around the levels of 704.

Minor support for the commodity lies in the zone of 690 to 695. Support for the commodity lies in the zone of 673 to 678 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 660 to 665 where break out levels and 200 daily moving averages are lying.

Resistance for the commodity lies in the zone of 700 to 705 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 720 to 725 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 660 – 670 on downside & 720 – 730 on upside.

 

 

Lead Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for Lead for the week  (Aug 21, 2017 – Aug 25, 2017) :

LEAD:

 

LEAD 1

 

LEAD (150.40) closed the week on positive note gaining around 1.20%.

As we have mentioned last week, that support for the commodity lies in the zone of 146 to 147 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. During the week the commodity manages to hit a low of 148 and close the week around the levels of 150.40

Support for the commodity lies in the zone of 147 to 149 where 200 daily moving averages and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 142 to 143 where medium term moving averages and Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 153 to 155 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 159 to 161 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 142 – 144 on downside & 158 – 160 on upside.

Zinc Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for Zinc for the week  (Aug 21, 2017 – Aug 25, 2017) :

ZINC:

 

ZINC 1

 

ZINC (200.80) closed the week on a positive note gaining around 8.30%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 186 to 188 where declining trend-line resistance for the commodity is lying. If the commodity manages to close above these levels then the commodity can witness a major long term break-out and the commodity can move to the levels of 196 to 198. During the week the commodity manages to hit a high of 202 and close the week around the levels of 201.

Minor support for the commodity lies in the zone of 195 to 197. Support for the commodity lies in the zone of 189 to 191 from where the commodity broke out after consolidation. If the commodity manages to close below these levels then the commodity can drift to the levels of around 185 to 187 from where the commodity broke out of July-2017 highs and declining trend-line support is lying.

Resistance for the commodity lies in the zone of 204 to 206 where trend-line joining highs of 208 and 204 are lying. If the commodity manages to close above these levels then the commodity will broke out of multiple years of consolidation and correction.

Broad range for the commodity in the coming week can be seen between 190 – 192 on downside & 208 – 210 on upside.

Copper Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for Copper for the week  (Aug 21, 2017 – Aug 25, 2017) :

COPPER:

 

COPPER 1

 

COPPER (415.35) 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 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. During the week the commodity manages to hit a high of 422 and close the week around the levels of 415.

Support 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 below these levels then the commodity can drift to the levels of 406 to 408 where the commodity has taken multiple support.

Resistance for the commodity lies in the zone of 422 to 425 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 428 to 430.

Broad range for the commodity in the coming week can be seen between 400 – 403 on downside & 425 – 428 on upside.

Silver Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for Silver for the week  (Aug 21, 2017 – Aug 25, 2017) :

SILVER:

 

SILVER 1

 

SILVER (39063) closed the week on negative note losing around 0.30%.

As we have mentioned last week, that support for the commodity lies in the zone of 38800 to 38900 from where the commodity broke out of double top pattern. If the commodity manages to close below these levels then the commodity can drift to the levels of 38100 to 38200 where short term moving averages are lying. During the week the commodity manages to hit a low of 38305 and close the week around the levels of 39063.

Support for the commodity lies in the zone of 38800 to 38900 from where the commodity broke out of double top pattern. If the commodity manages to close below these levels then the commodity can drift to the levels of 38100 to 38200 where short term moving averages are lying.

Minor resistance for the commodity lies in the zone of 39300 to 39500. Resistance for the commodity lies in the zone of 40000 to 40200 where 200 daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 40600 to 40700 where Fibonacci level is lying.

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

Gold Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for Gold for the week  (Aug 21, 2017 – Aug 25, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29163) closed the week on negative note losing around 0.10%.

As we have mentioned last week, that support for the commodity lies in the zone of 28900 to 29000 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where medium and long term moving averages are lying. During the week the commodity manages to hit a low of 28800 and close the week around the levels of 29163.

Support for the commodity lies in the zone of 28900 to 29000 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where medium and long term moving averages are lying.

Resistance for the commodity lies in the zone of 29550 to 29650 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can witness a major break-out and the commodity can move to the levels of 30200 to 30300 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 28500 – 28600 on downside & 29600 – 29700 on upside.

Colgate Palmolive Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week  (Aug 21, 2017 – Aug 25, 2017) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on positive note gaining around 2.60%.

As we have mentioned last week that support for the stock lies in the zone of 1030 to 1040 where Fibonacci level and medium term moving average are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1000 to 1010. During the week the stock manages to hit a low of 1040 and close the week around the levels of 1074.

Minor support for the stock lies in the zone of 1055 to 1060. Support for the stock lies in the zone of 1030 to 1040 where Fibonacci level and medium term moving average are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1000 to 1010.

Resistance for the stock lies in the zone of 1080 to 1090 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 1125 to 1135 where Fibonacci levels are lying.

Broad range for the stock is seen between 1040 to 1050 on downside & 1120 to 1130 on upside.

Dabur Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for DABUR for the week  (Aug 21, 2017 – Aug 25, 2017) :

DABUR:

 

DABUR

 

Dabur closed the week on positive note gaining around 2.20%.

As we have mentioned last week, that minor resistance for the stock lies in the zone of 308 to 310. Resistance for the stock lies in the zone of 320 to 323 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. During the week the stock manages to hit a high of 312 and close the week around the levels of 310.

Minor support for the stock lies in the zone of 304 to 306. Support for the stock lies in the zone of 298 to 300 where Fibonacci level and short term moving average are lying. If the stock manages to close below these levels then the stock can drift to the levels of 292 to 294 where high of the month of June-2017 is lying.

Minor resistance for the stock lies in the zone of 312 to 315. Resistance for the stock lies in the zone of 320 to 323 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 295 to 297 on downside & 320 to 322 on upside.

Hindustan Unilever Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week  (Aug 21, 2017 – Aug 25, 2017) :

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on positive note gaining around 4.30%.

As we have mentioned last week that support for the stock lies in the zone of 1140 to 1145 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 1118 to 1125 where break out levels and short term moving averages for the stock is lying. During the week the stock manages to hit a low of 1147 and close the week around the levels of 1202.

Minor support for stock lies in the zone of 1173 to 1183. Support for the stock lies in the zone of 1140 to 1145 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 1118 to 1125 where break out levels and short term moving averages for the stock is lying.

Resistance for the stock lies in the zone of 1200 to 1210 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 1230 to 1240.

Broad range for the stock in coming week is seen between 1150 to 1160 on downside & 1230 to 1240 on upside.

ITC Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for ITC for the week  (Aug 21, 2017 – Aug 25, 2017) :

ITC:

 

ITC

 

ITC 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 274 to 275. Resistance for the stock lies in the zone of 280 to 282 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 290 to 292 where Fibonacci level and medium term moving averages are lying. During the week the stock manages to hit a high of 284 and close the week around the levels of 282.

Minor support for the stock lies in the zone of 277 to 278. Support for the stock lies in the zone of 272 to 274 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 265 to 267 where Fibonacci level and break out levels for the stock are lying.

Resistance for the stock lies in the zone of 280 to 282 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 293 to 295 where Fibonacci level and medium term moving averages are lying.

Broad range for the stock in coming week is seen between 270 to 272 on downside & 293 to 295 on upside.

Cipla Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for Cipla for the week  (Aug 21, 2017 – Aug 25, 2017) :

CIPLA:

 

CIPLA

 

CIPLA closed the week on positive note gaining around 4.40%.

As we have mentioned last week, that resistance for the stock lies in the zone of 550 to 555 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 570 to 575 where long term moving averages are lying. During the week the stock manages to hit a high of 594 and close the week around the levels of 565.

Support for the stock lies in the zone of 550 to 555 where short & medium 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 where the stock has formed a low for the month of July-2017.

Resistance for the stock lies in the zone of 565 to 570 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 590 to 595.

Broad range for the stock is seen in the range of 520 – 525 on downside & 595 – 600 on upside.

Dr. Reddy Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (Aug 21, 2017 – Aug 25, 2017) :

DR. REDDY:

 

DRREDDY

 

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

As we have mentioned last week, that minor resistance for the stock lies in the zone of 2050 to 2070. Resistance for the stock lies in the zone of 2200 to 2230 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2370 to 2400 where Fibonacci level is lying. During the week the stock manages to hit a high of 2040 and close the week around the levels of 1982.

Support for the stock lies in the zone of 1900 to 1930 where long term Fibonacci levels are lying. If the stock manages to close below these levels then the stock can witness a freefall and the stock can drift to the levels of 1800 to 1820 from where the stock broke out of 2 years of consolidation from the year 2010 to 2012.

Minor resistance for the stock lies in the zone of 2050 to 2070. Resistance for the stock lies in the zone of 2200 to 2230 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2370 to 2400 where Fibonacci level is lying.

Broad range for the stock is seen from 1800 – 1850 on downside & 2200 – 2250 on upside.

Lupin Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for Lupin for the week  (Aug 21, 2017 – Aug 25, 2017) :

LUPIN:

 

LUPIN

 

Lupin closed the week on absolutely flat note.

As we have mentioned last week, that resistance for the stock lies in the zone of 950 to 960 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 1030 to 1040 from where the stock broke down from July-2017 low. During the week the stock manages to hit a high of 974 and close the week around the levels of 938.

The stock is in strong downtrend and the support levels are not holding. Support for the stock lies in the zone of 870 to 880 where long term Fibonacci level is lying.

Resistance for the stock lies in the zone of 950 to 960 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 1030 to 1040 from where the stock broke down from July-2017 low.

Broad range for the stock in coming week can be seen from 900 – 910 on downside & 970 – 980 on upside.

Sun Pharma Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for Sun Pharma for the week  (Aug 21, 2017 – Aug 25, 2017) :

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on positive note gaining around 4.50%.

As we have mentioned last week that the stock has broken down from all major support zones on long term charts. The stock is in a freefall. Support for the stock lies in the zone of 430 to 435. If the stock manages to close below these levels then the stock can drift to the levels of 370 to375. During the week the stock manages to hit a low of 433 and close the week around the levels of 470.

The stock has broken down from all major support zones on long term charts. Minor support for the stock lies in the zone of 450 to 455.. Support for the stock lies in the zone of 430 to 435. If the stock manages to close below these levels then the stock can drift to the levels of 370 to375.

Resistance for the stock lies in the zone of 488 to 492 from where the stock broke down from May-2017 lows. If the stock manages to close above these levels then the stock can move to the levels of 500 to 505.

Broad range for the stock in the coming week can be 430 – 435 on lower side & 500 – 505 on upper side.

Wipro Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for Wipro for the week  (Aug 21, 2017 – Aug 25, 2017) :

WIPRO:

 

WIPRO

 

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

As we have mentioned last week, that support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 287 and close the week around the levels of 288.

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 (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for HCL Tech for the week  (Aug 21, 2017 – Aug 25, 2017) :

HCL TECHNOLOGIES:

 

HCLTECH

 

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

As we have mentioned last week that support for the stock lies in the zone of 860 to 870 where break out levels, Fibonacci levels and short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 830 to 835 where the stock has taken multiple support and 200 daily moving averages are lying. During the week the stock manages to hit a low of 851 and close the week around the levels of 876.

Support for the stock lies in the zone of 860 to 870 where break out levels, Fibonacci levels and short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 830 to 835 where the stock has taken multiple support and 200 daily moving averages are lying.

Resistance for the stock lies in the zone of 890 to 900 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 915 to 925 where Fibonacci level is lying.

Broad range for the stock in the coming week is seen between 830 to 840 on downside & 900 to 910 on upside.

TCS Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for TCS for the week  (Aug 21, 2017 – Aug 25, 2017)  :

TATA CONSULTANCY SERVICES:

 

 

TCS

 

TCS 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 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. During the week the stock manages to hit a low of 2462 and close the week around the levels of 2514.

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 2520 to 2525. Resistance for the stock lies in the zone of 2580 to 2600 where the stock has formed a top in the month of July-2017. If the stock manages to close above these levels then the stock can move to the levels of 2700 where the stock has formed a top in the month of June-2017.

Broad range for the stock in the coming week is seen between 2380 to 2400 on downside & 2620 to 2650 on upside.

Infosys Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for Infosys for the week  (Aug 21, 2017 – Aug 25, 2017) :

INFOSYS:

 

INFY

 

INFY closed the week on negative note losing around 6.50%.

As we have mentioned last week, that resistance for the stock lies in the zone of 1010 to 1020 where Fibonacci levels and declining trend-line resistance for the stock are lying. If the stock manages to close above these levels then the stock can move to the levels of around 1040 to 1045 where the stock has formed a top in the month of March-2017. During the week the stock manages to hit a high of 1029 and close the week around the levels of 923.

Support for the stock lies in the zone of 900 to 910 where the stock has taken multiple supports. If the stock manages to close below these levels then the stock can witness a major break down and the stock can drift to the levels of 820 to 830 where long term trend-line support for the stock is lying.

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

Broad range for the stock in the coming week is seen between 880 to 890 on downside & 950 to 960 on upside.

SBI Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for SBI for the week  (Aug 21, 2017 – Aug 25, 2017) :

STATE BANK OF INDIA:

 

SBIN

 

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

As we have mentioned last week that support for the stock lies in the zone of 275 to 277 where 200 daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 268 to 270 where the stock has taken multiple support. During the week the stock manages to hit a low of 274 and close the week around the levels of 279.

Support for the stock lies in the zone of 275 to 277 where 200 daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 268 to 270 where the stock has taken multiple support.

Minor resistance for the stock lies in the zone of 283 to 285. Resistance for the stock lies in the zone of 288 to 290 where Fibonacci levels and short & medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 297 to 299.

Broad range for the stock in the coming week can be 264 to 266 on lower side & 292 to 294 on upper side.

Axis Bank Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (Aug 21, 2017 – Aug 25, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on absolutely flat note.

As we have mentioned last week, that resistance for the stock lies in the zone of 492 to 495 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 503 to 508 where short & medium term moving averages are lying. During the week the stock manages to hit a high of 503 and close the week around the levels of 490.

Support for the stock lies in the zone of 480 to 485 where the stock has taken multiple support in the month of March-2017 and April-2017. If the stock manages to close below these levels then the stock can drift to the levels of 464 to 466 where Fibonacci levels and trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 492 to 495 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 503 to 508 where short & medium term moving averages are lying.

Broad range for the stock in the coming week can be 470– 475 on lower side & 505 – 510 on upper side.

ICICI Bank Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for ICICI Bank for the week  (Aug 21, 2017 – Aug 25, 2017) :

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on positive note gaining around 2.10%.

As we have mentioned last week, that resistance for the stock lies in the zone of 289 to 291 from where the stock has broken down from the July-2017 low. If the stock manages to close above these levels then the stock can move to the levels of 298 to 300 where Fibonacci levels are lying. During the week the stock manages to hit a high of 298 and close the week around the levels of 293.

Minor support for the stock lies in the zone of 288 to 290. Support for the stock lies in the zone of 282 to 284 where Fibonacci level and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 270 to 272 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 295 to 297 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 302 to 305 where the stock has sold off.

Broad range for the stock in the coming week can be 282 – 284 on lower side & 305 – 307 on upper side.

HDFC Bank Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for HDFC Bank for the week  (Aug 21, 2017 – Aug 25, 2017) :

HDFC BANK:

 

HDFCBANK

 

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

As we have mentioned last week that minor resistance for the stock lies in the zone of 1755 to 1765. Resistance for the stock lies in the zone of 1800 to 1810 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 around 1850 to 1860. During the week the stock manages to hit a high of 1790 and close the week around the levels of 1752.

Minor support for the stock lies in the zone of 1735 to 1740. Support for the stock lies in the zone of 1710 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 1680 to 1690 where short term moving averages are lying.

Minor resistance for the stock lies in the zone of 1755 to 1765. Resistance for the stock lies in the zone of 1800 to 1810 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 around 1850 to 1860.

Broad range for the stock in the coming week can be 1700 to 1720 on lower side & 1800 to 1810 on upper side.

Nifty Media Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for NIFTY MEDIA for the week  (Aug 21, 2017 – Aug 25, 2017) :

NIFTY MEDIA:

 

NIFTYMEDIA

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 2910 to 2950 where Fibonacci levels 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 3030 to 3060 where short term moving averages are lying. During the week the index manages to hit a high of 3013 and close the week around the levels of 2948.

Support for the index lies in the zone of 2910 to 2950 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 2750 to 2800 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 3030 to 3060 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 3100 where medium term moving averages are lying.

Broad range for the index is seen between 2850 to 2870 on downside & 3030 to 3050 on upside.

Nifty Realty Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for NIFTY REALTY for the week  (Aug 21, 2017 – Aug 25, 2017) :

NIFTY REALTY:

 

NIFTYREALT

 

Nifty REALTY index closed the week on positive note gaining around 6.40%.

As we have mentioned last week, that resistance for the index lies in the zone of 258 to 260 from where the index has broken down from the June-2017 lows 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 272 to 274 from where the index broke down after consolidation and short term moving averages are lying. During the week the index manages to hit a high of 277 and close the week around the levels of 271.

Minor support for the index lies in the zone of 264 to 266. Support for the index lies in the zone of 258 to 260 from where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 250 to 252 where trend-line support for the index is lying.

Resistance for the index lies in the zone of 275 to 278 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 284 to 286 from where the index has sold off.

Broad range for the index is seen between 256 to 258 on downside & 280 to 282 on upside.

Nifty PSU Bank Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Aug 21, 2017 – Aug 25, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on positive note gaining around 0.40%.

As we have mentioned last week, that support for the index lies in the zone of 3200 to 3250 where the index has taken support in the month of March-2017 and June-2017. If the index manages to close below these levels then the index can drift to the levels of 3100 to 3140 where long term Fibonacci levels are lying. During the week the index manages to hit a low of 3236 and close the week around the levels of 3306.

Support for the index lies in the zone of 3200 to 3250 where the index has taken support in the month of March-2017 and June-2017. If the index manages to close below these levels then the index can drift to the levels of 3100 to 3140 where long term Fibonacci levels are lying.

Resistance for the index lies in the zone of 3330 to 3350 where 200 daily moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3470 to 3500 where Fibonacci levels and short & medium term moving averages are lying.

Broad range for the index is seen between 3100 to 3140 on downside & 3470 to 3500 on upside.

Nifty Metal Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for NIFTY METAL for the week  (Aug 21, 2017 – Aug 25, 2017) :

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on positive note gaining around 5.20%.

As we have mentioned last week, that support for the index lies in the zone of 3200 to 3230 from where the index broke out of March-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 3060 to 3100 where break out levels for the index is lying and short term moving averages are lying. During the week the index manages to hit a low of 3251 and close the week around the levels of 3385.

Minor support for the index lies in the zone of 3300 to 3330. Support for the index lies in the zone of 3200 to 3230 from where the index broke out of March-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 3060 to 3100 where break out levels for the index is lying and short term moving averages are lying.

Resistance for the index lies in the zone of 3450 to 3460 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 3520 to 3550 where the index has formed a life time high.

Broad range for the index is seen between 3250 to 3280 on downside & 3500 to 3550 on upside.

Nifty Energy Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (Aug 21, 2017 – Aug 25, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 12800 to 12900. Resistance for the index lies in the zone of 13200 to 13250. If the index manages to close above these levels then the index can move to the levels of 13500 to 13600. During the week the index manages to hit a high of 13013 and close the week around the levels of 12960.

Minor support for the index lies in the zone of 12750 to 12800. Support for the index lies in the zone of 12500 to 12600 from where the index broke out of April-2017 highs and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 12000 to 12100 where short & medium term moving averages are lying.

Minor resistance for the index lies in the zone of 13000 to 13050. Resistance for the index lies in the zone of 13200 to 13300 where the index has formed a short term top. If the index manages to close above these levels then the index can move to the levels of 13500 to 13600.

Broad range for the index is seen between 12500 to 12600 on downside & 13500 to 13600 on upside.

Nifty Auto Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (Aug 21, 2017 – Aug 25, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on positive note gaining around 2.10%.

As we have mentioned last week, that resistance for the index lies in the zone of 10470 to 10520 where medium term moving averages are lying. If the index manages to close below these levels then the index can move to the levels of 10800 to 10900 from where the index broke down after consolidation and short term moving averages are lying. During the week the index manages to hit a high of 10810 and close the week around the levels of 10676.

Support for the index lies in the zone of 10470 to 10520 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 from where the index broke out of Feb-2017 highs.

Resistance for the index lies in the zone of 10800 to 10900 from where the index broke down after consolidation and short term moving averages are lying. If the index manages to close below these levels then the index can move to the levels of 11000 to 11100 where Fibonacci levels are lying.

Broad range for the index is seen from 10100 to 10200 on downside & 11000 to 11100 on upside.

Nifty Pharma Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for NIFTY Pharma for the week  (Aug 21, 2017 – Aug 25, 2017) :

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 8600 to 8650 from where the index broke down from the lows of May-2017. If the index manages to close above these levels then the index can move to the levels of 9000 to 9050 from where the index broke down. During the week the index manages to hit a high of 8910 and close the week around the levels of 8639.

Minor support for the index lies in the zone of 8550 to 8580. Support for the index lies in the zone of 8300 to 8350 from where the index broke out of consolidation in the month of June-2014. If the index manages to close below these levels then the index can drift to the levels of 8000 to 8050 where long term Fibonacci levels are lying.

Resistance for the index lies in the zone of 8600 to 8650 from where the index broke down from the lows of May-2017. If the index manages to close above these levels then the index can move to the levels of 9000 to 9050 from where the index broke down.

Broad range for the index is seen from 8000 to 8050 on downside & 9000 to 9050 on upside.

Nifty FMCG Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (Aug 21, 2017 – Aug 25, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 3.90%.

As we have mentioned last week, that resistance for the index lies in the zone of 25100 to 25200 where lows for the month of July-2017 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 25500 to 25600 where Fibonacci levels are lying. During the week the index manages to hit a high of 25751 and close the week around the levels of 25719.

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 25000 to 25200 where medium term moving averages and break out levels are lying.

Resistance for the index lies in the zone of 26100 to 26200 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 26600 to 26700.

Broad range for the index in the coming week is seen from 24700 to 24800 on downside & 26600 to 26700 on upside.

Nifty IT Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for NIFTY IT for the week  ( Aug 21, 2017 – Aug 25, 2017) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 0.70%.

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 10475 and close the week around the levels of 10570.

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 10700 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 10200 to 10300 on downside & 10800 to 10900 on upside.

Nifty Bank Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Aug 21, 2017 – Aug 25, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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

As we have mentioned, last week that resistance for the index lies in the zone of 24300 to 24400. If the index manages to close above these levels then the index can move to the levels of 24500 to 24600 from where the index broke down after consolidation. During the week the index manages to hit a high of 24496 and close the week around the levels of 24074.

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.

Resistance for the index lies in the zone of 24300 to 24400. If the index manages to close above these levels then the index can move to the levels of 24500 to 24600 from where the index broke down after consolidation.

Range for the week is seen from 23300 to 23400 on downside & 24500 to 24600 on upside.

Nifty Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

Equityandit’s Outlook for Nifty for week (Aug 21, 2017 – Aug 25, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 9770 to 9820 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 9950 to 10000 from where the index broke down after consolidation. During the week the index manages to hit a high of 9948 and close the week around the levels of 9837.

Support for the index lies in the zone of 9780 to 9810 where short term moving averages are lying. Support for the index lies in the zone of 9700 to 9740 from where the index broke out of June-2017 high. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 where medium term moving averages are lying.

Resistance for the index lies in the zone of 9950 to 10000 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 10080 to 10120 where the index has formed a top.

Broad range for the week is seen from 9600 on downside & 10050 on upside.

MCX Tips for – August 18, 2017

Gold (29151): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28939 levels. Traders can initiate long positions on every dip until Gold Future closes below 28939 levels.

Silver (39098):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38419  levels.

Crude (3021): 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 3073 levels.

Natural Gas (188.20): 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 190.45 levels.

Copper (415.65): 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 411.45.

Zinc (195.60): 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 193.35 levels.

Lead (153.20): 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 152.80 levels.

Nickel (683.00):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 689.20 levels.

Aluminium (131.85):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 130.20 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Friday, August 18, 2017

equitypandit_square

Indian Market To Slide down On Profit Booking Until Nifty Closes Above 9906

 

Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that Indian Stock Market has entered into positive zone. EquityPandit also predicted that profit booking can’t be ruled out at higher levels and hence traders can keep on booking partial profits on every upmove. Indian Stock Market moved sharply positive and saw highs right near EquityPandit’s predicted resistance levels of 9950 for Nifty, 24500 for BankNifty and 31950 for Sensex. Finally, Indian Stock Market closed flat for the day. Nifty closed right below EquityPandit’s predicted resistance levels of 9905 like a dot.

Today: Indian Stock Market to open gap negative. Technically, Indian Stock Market is still in positive zone but bearish candle that was formed yesterday, warns traders for profit booking. Rising issues over India-China border may be a matter of concern for Asian markets. Moreover, Asian markets are under pressure after investors on Wall Street sell off on growing uncertainty over the Trump administration’s ability to follow through on economic policy. Nifty needs to close above 9906 to resume its positive momentum. If Nifty managed to close below 9883 then bears would become active again and further downfall would be seen in the market. Market would see reversal and would enter into negative zone once it closes below 9814 for Nifty and 23958 for BankNifty on spot basis. If that happens then market would again test its immediate lows of 9700 in days to come. overall, market may consolidate and traders should keep booking partial profits at every upmove until Nifty closes above 9950 levels.

FIIs were net sellers of Rs.981.05 crores whereas DIIs were net buyers of Rs.828.59 crores in cash market for last trading session. Nifty would see strong support at 9883-9850-9807-9778 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

NSE Nifty: (9904) The support for the Nifty is 9883-9850-9807-9778 and the resistance to the up move is at 9905-9918-9950-9970 levels.

NSE BankNifty: (24237) The support for BankNifty is at 24170-24066-23940-23850 and the resistance to the up move is at 24312-24460-24535 levels.

BSE Sensex: (31795) The support for the Sensex is at 31718-31660-31500 and the resistance to the up move is at 31885-31950-32060-32180 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 – August 17, 2017

Gold (28952): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28939 levels. Traders can initiate long positions on every dip until Gold Future closes below 28939 levels.

Silver (38863):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38364  levels.

Crude (3008): 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 3113 levels.

Natural Gas (186.20): NG Future has entered into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG Future closes above 191.30 levels.

Copper (419.00): 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 409.60.

Zinc (199.70): 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 189.60 levels.

Lead (160.10): Lead has entered into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Lead is trading above 151.80 levels.

Nickel (686.10):  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 689.20 levels.

Aluminium (133.15):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 129.40 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Thursday, August 17, 2017

equitypandit_square

Market Entered Positive Zone, Hold Long Positions Or Go Long At Dips For Now

 

Last Trading Session: Indian Stock Market opened flat with positive bias for the day. Market saw some profit booking till 9774 levels for Nifty but recovered smartly to see 9900 levels. BankNifty saw highs right at EquityPandit’s predicted resistance levels of 24460 like a dot. Finally, Indian Stock market closed gap positive for the day.

Today: Indian Stock Market to open flat. Technically, Indian Stock Market, including Nifty, Sensex and BankNifty has entered into positive zone. Both Nifty and BankNifty managed to close above its 20 day EMA, which is a positive signal for the market. If Nifty managed to hold these levels then we would see a rally till 9980 in upcoming trading sessions. Traders can continue to hold long positions as of now and keep on booking partial profits on the way till 9980 levels. Some profit booking can’t be ruled out at higher levels but traders can go long at dips for now.

FIIs were net sellers of Rs.1090.10 crores whereas DIIs were net buyers of Rs.1336.91 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

NSE Nifty: (9897) 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: (24438) The support for BankNifty is at 24380-24340-24260 and the resistance to the up move is at 24500-24640-24720-24865 levels.

BSE Sensex: (31771) The support for the Sensex is at 31718-31660-31500 and the resistance to the up move is at 31885-31950-32060-32180 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 – August 16, 2017

Gold (29080): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28939 levels. Traders can initiate long positions on every dip until Gold Future closes below 28939 levels.

Silver (39178):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38364  levels.

Crude (3070): Crude has entered into negative zone. Traders should initiate short positions on every rise. For now traders can hold short position until Crude future closes above 3172 levels.

Natural Gas (189.30): 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 187.40 levels.

Copper (411.05): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes  below 409.00.

Zinc (186.65): 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 185.40 levels.

Lead (149.40): 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 151.60 levels.

Nickel (667.40):  Nickel has entered into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 689.20 levels.

Aluminium (128.95):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 127.65 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, August 16, 2017

equitypandit_square

Nifty To See 9860-9880 If Closes Above 9823, Bearish Again Below 9750

 

Last Trading Session: Indian Stock Market opened gap positive, exactly as predicted by EquityPandit. EquityPandit predicted that market would see sharp recovery but short selling opportunity would be seen again near 9820-9850 resistance levels and exactly same happened. Indian Stock Market moved sharply positive and saw highs right at EquityPandit’s predicted resistance levels of 9820 like a dot. BankNifty also saw highs right near EquityPandit’s predicted resistance levels of 24200. Nifty saw sharp profit booking from 9820 levels as predicted by EquityPandit but finally, managed to close gap positive for the day.

Today: Indian Stock Market to open flat. Technically, Indian Stock Market is still in negative zone. Nifty has formed a bullish candle after a Doji Candlestick that suggest that bulls are again active. Now, if market managed to close above 9823 levels then we may see upmove towards 9860-9880 levels whereas bears would be active below last day’s Intraday lows of 9750 levels. Nifty would resume its downtrend if it breaches 9700 levels, that may open the doors of downfall for Nifty till 9550 levels.

FIIs were net sellers of Rs.1638.83 crores whereas DIIs were net buyers of Rs.1619.17 crores in cash market for last trading session. Nifty would see strong support at 9750-9700-9670-9638 whereas strong resistance would be seen at 9823-9860-9880 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

NSE Nifty: (9794) The support for the Nifty is 9750-9700-9670-9638 and the resistance to the up move is at 9823-9860-9880 levels.

NSE BankNifty: (24116) The support for BankNifty is at 24038-23940-23820-23750 and the resistance to the up move is at 24200-24312-24460-24535 levels.

BSE Sensex: (31449) The support for the Sensex is at 31192-31120-31066-31000 and the resistance to the up move is at 31505-31632-31688-31760 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 – August 14, 2017

Gold (29203): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28939 levels. Traders can initiate long positions on every dip until Gold Future closes below 28939 levels.

Silver (39194):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38364  levels.

Crude (3127): 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 3121 levels.

Natural Gas (191.70): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG Future closes below 187.40 levels.

Copper (412.25): 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 409.00.

Zinc (185.45): 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 185.40 levels.

Lead (148.60.90): Lead has entered into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 152.10 levels.

Nickel (681.40):  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 681.20 levels.

Aluminium (130.30):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 127.65 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, August 14, 2017

equitypandit_square

Nifty To See Sharp Recovery, But Short Selling Opportunity Again Near 9820-9850 Resistance Levels

 

Last Trading Session: Indian Stock Market opened gap negative exactly as predicted by EquityPandit. EquityPandit predicted that market would see Black Friday where a sharp downfall would be seen and exactly same happened. Indian Stock Market saw a sharp downfall as per EquityPandit predictions. Traders, who followed EquityPandit’s advice might have earned huge profits for the day. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market to open gap positive. Technically, Indian Stock Market is still in negative zone. Nifty has formed a DOJI candle stick pattern that shows indecisiveness. Some sharp recovery would be seen at this point of time that may take Nifty near to 9800 levels but 9820-9850 is a strong resistance zone for Nifty and 24400-24500 is a strong resistance for BankNifty. So, market would again see correction near these levels and hence these levels would be an opportunity for traders to go short again at these levels. Once Nifty breaches 9685 levels on downside, it would see levels of 9640.

FIIs were net sellers of Rs.1943.86 crores whereas DIIs were net buyers of Rs.2016.84 crores in cash market for last trading session. Nifty would see strong support at 9700-9670-9638 whereas strong resistance would be seen at 9770-9800-9823-9850 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: AIA Engineering, Apollo Hospitals, Bajaj Hindusthan Sugar, Coal India, Future Consumer, Gayatri Projects, Granules India, IDBI Bank, Jain Irrigation, JK Tyre, MTNL, NBCC, Prestige Estates, Rolta india, Sadbhav Engineering, Sonata Software, Suven Life Sciences, Swan Energy, Take Solutions, Tata Power and Unitech.

NSE Nifty: (9711) The support for the Nifty is 9700-9670-9638-9620 and the resistance to the up move is at 9770-9800-9823-9850 levels.

NSE BankNifty: (23986) The support for BankNifty is at 23940-23820-23750-23640 and the resistance to the up move is at 24200-24312-24460-24535 levels.

BSE Sensex: (31214) The support for the Sensex is at 31120-31066-31000-30940 and the resistance to the up move is at 31400-31632-31688 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 (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Natural Gas for the week  (Aug 14, 2017 – Aug 18, 2017) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS (191.70) closed the week on positive note gaining around 7.60%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 184 to 186 from where the commodity has broken down from the June-2017 lows. If the commodity manages to close above these levels then the commodity can move to the levels of 190 to 192 where Fibonacci levels and short term moving averages are lying. During the week the commodity manages to hit a high of 193 and close the week around the levels of 192.

Support for the commodity lies in the zone of 188 to 190 where Fibonacci level and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 183 to 185 where break out level for the commodity is lying.

Resistance for the commodity lies in the zone of 194 to 196 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 199 to 201 where Fibonacci levels and medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 182 – 184 on downside & 200 – 202 on upside.

Crude Oil Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (Aug 14, 2017 – Aug 18, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3127) closed the week on negative note losing around 0.70%.

As we have mentioned last week, that support for the commodity lies in the zone of 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. During the week the commodity manages to hit a low of 3082 and close the week around the levels of 3127.

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.

Minor resistance for the commodity lies in the zone of 3160 to 3180. 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 3030 – 3050 on downside & 3230 – 3250 on upside.

Aluminium Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Aluminium for the week  (Aug 14, 2017 – Aug 18, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (130.30) closed the week on positive note gaining around 7.60%.

As we have mentioned last week, that 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. During the week the commodity manages to hit a low of 121.50 and close the week around the levels of 130.30.

Support for the commodity lies in the zone of around 127 to 128 where break-out levels for the commodity is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 125 to 126 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 130 to 131 where the commodity has formed multiple top in last 4 years. If the commodity manages to close above these levels then the commodity can witness a major multi-year break out and the commodity can move to the levels of 140 to 142.

Broad range for the commodity in the coming week can be seen between 123 – 125 on downside and 136 – 138 on upside.

Lead Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Lead for the week  (Aug 14, 2017 – Aug 18, 2017) :

LEAD:LEAD 1

 

LEAD (148.60) 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 150 to 151 where the commodity has formed a top in the month of July-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 153 to 155 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 154 and close the week around the levels of 149.

Support for the commodity lies in the zone of 146 to 147 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 150 to 151 where the commodity has formed a top in the month of July-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 153 to 155 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 145 – 146 on downside & 154 – 155 on upside.

Nickel Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Nickel for the week  (Aug 14, 2017 – Aug 18, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (681) closed the week on positive note gaining around 3.40%.

As we have mentioned last week, that 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. During the week the commodity manages to hit a high of 703 and close the week around the levels of 681.

Support for the commodity lies in the zone of 673 to 678 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 660 to 665 where break out levels and 200 daily moving averages are lying.

Minor resistance for the commodity lies in the zone of 690 to 695. Resistance for the commodity lies in the zone of 700 to 705 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 720 to 725 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 650 – 660 on downside & 710 – 720 on upside.

Zinc Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Zinc for the week  (Aug 14, 2017 – Aug 18, 2017) :

ZINC:

 

ZINC 1

 

ZINC (185.45) closed the week on a positive note gaining around 3.50%.

As we have mentioned last week, that 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. During the week the commodity manages to hit a high of 190 and close the week around the levels of 185.

Minor support for the commodity lies in the zone of 182 to 183. Support for the commodity lies in the zone of 178 to 180 where Fibonacci level and 200 Daily moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 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 186 to 188 where declining trend-line resistance for the commodity is lying. If the commodity manages to close above these levels then the commodity can witness a major long term break-out and the commodity can move to the levels of 196 to 198.

Broad range for the commodity in the coming week can be seen between 175 – 177 on downside & 195 – 198 on upside.

Copper Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Copper for the week  (Aug 14, 2017 – Aug 18, 2017) :

COPPER:

 

COPPER 1

 

COPPER (412.25) 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 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. During the week the commodity manages to hit a high of 417 and close the week around the levels of 412.

Minor support for the commodity lies in the zone of 408 to 410. Support for the commodity lies in the zone of 400 to 403 where the stock has taken multiple support. If the commodity manages to close below these levels then the commodity can drift to the levels of 395 to 397 where trend-line support for the commodity is 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 395 – 398 on downside & 422 – 425 on upside.

Silver Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Silver for the week  (Aug 14, 2017 – Aug 18, 2017) :

SILVER:

 

SILVER 1

 

SILVER (39194) closed the week on positive note gaining around 5.20%.

As we have mentioned last week, that support for the commodity lies in the zone of 37000 to 37200 where break out levels for the commodity is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 35500 to 35600 where the commodity has formed a bottom in the month of July-2017. During the week the commodity manages to hit a low of 36935 and close the week around the levels of 39194.

Support for the commodity lies in the zone of 38800 to 38900 from where the commodity broke out of double top pattern. If the commodity manages to close below these levels then the commodity can drift to the levels of 38100 to 38200 where short term moving averages are lying.

Minor resistance for the commodity lies in the zone of 39300 to 39500. Resistance for the commodity lies in the zone of 40000 to 40200 where 200 daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 40600 to 40700 where Fibonacci level is lying.

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

Gold Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Gold for the week  (Aug 14, 2017 – Aug 18, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29302) closed the week on positive note gaining around 2.60%.

As we have mentioned last week, that 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. During the week the commodity manages to hit a low of 28300 and close the week around the levels of 29203.

Support for the commodity lies in the zone of 28900 to 29000 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where medium and long term moving averages are lying.

Resistance for the commodity lies in the zone of 29550 to 29650 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can witness a major break-out and the commodity can move to the levels of 30200 to 30300 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 28500 – 28600 on downside & 29600 – 29700 on upside.

Colgate Palmolive Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week  (Aug 14, 2017 – Aug 18, 2017) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on negative note losing around 2.50%.

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 1080 and close the week around the levels of 1047.

Support for the stock lies in the zone of 1030 to 1040 where Fibonacci level and medium term moving average are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1000 to 1010.

Minor resistance for the stock lies in the zone of 1060 to 1070. Resistance for the stock lies in the zone of 1080 to 1090 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 1125 to 1135 where Fibonacci levels are lying.

Broad range for the stock is seen between 1000 to 1010 on downside & 1100 to 1110 on upside.

Dabur Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for DABUR for the week  (Aug 14, 2017 – Aug 18, 2017) :

DABUR:

 

DABUR

 

Dabur 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 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. During the week the stock manages to hit a low of 300 and close the week around the levels of 303.

Support for the stock lies in the zone of 298 to 300 where Fibonacci level and short term moving average are lying. If the stock manages to close below these levels then the stock can drift to the levels of 292 to 294 where high of the month of June-2017 is lying.

Minor resistance for the stock lies in the zone of 308 to 310. Resistance for the stock lies in the zone of 320 to 323 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 292 to 294 on downside & 315 to 317 on upside.

Hindustan Unilever Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week  (Aug 14, 2017 – Aug 18, 2017) :

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on negative note losing around 3.30%.

As we have mentioned last week that minor support for the stock lies in the zone of 1170 to 1175. Support for the stock lies in the zone of 1140 to 1145 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 1118 to 1125 where break out levels for the stock is lying. During the week the stock manages to hit a low of 1144 and close the week around the levels of 1153.

Support for the stock lies in the zone of 1140 to 1145 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 1118 to 1125 where break out levels and short term moving averages for the stock is lying.

Minor resistance for the stock lies in the zone of 1170 to 1180. Resistance for the stock lies in the zone of 1200 to 1210 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 1230 to 1240.

Broad range for the stock in coming week is seen between 1100 to 1110 on downside & 1200 to 1210 on upside.

ITC Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for ITC for the week  (Aug 14, 2017 – Aug 18, 2017) :

ITC:

 

ITC

 

ITC closed the week on negative note losing around 3.30%.

As we have mentioned last week, that 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. During the week the stock manages to hit a low of 270 and close the week around the levels of 271.

The stock has closed just below the 200 daily moving average lying around the levels of 272. Support for the stock lies in the zone of 265 to 267 where Fibonacci level 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 248 to 250 where Fibonacci level is lying.

Minor resistance for the stock lies in the zone of 274 to 275. Resistance for the stock lies in the zone of 280 to 282 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 290 to 292 where Fibonacci level and medium term moving averages are lying.

Broad range for the stock in coming week is seen between 260 to 262 on downside & 280 to 282 on upside.

Cipla Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Cipla for the week  (Aug 14, 2017 – Aug 18, 2017) :

CIPLA:

 

CIPLA

 

CIPLA closed the week on negative note losing around 4.80%.

As we have mentioned last week, that 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. During the week the stock manages to hit a high of 581 and close the week around the levels of 541.

Support for the stock lies in the zone of 530 to 535 where the stock has formed a low for the month of July-2017. If the stock manages to close below these levels then the stock can move to the levels of 518 to 522 where Fibonacci level is lying.

Resistance for the stock lies in the zone of 550 to 555 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 570 to 575 where 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 (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (Aug 14, 2017 – Aug 18, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 10.20%.

As we have mentioned last week, that support for the stock lies in the zone of 2200 to 2230 where the stock has formed a bottom in the month of May-2014. If the stock manages to close below these levels then the stock can witness a freefall and the stock can drift to the levels of 1900 to 1930 where long term Fibonacci levels are lying. During the week the stock manages to hit a low of 1901 and close the week around the levels of 2011.

Support for the stock lies in the zone of 1900 to 1930 where long term Fibonacci levels are lying. If the stock manages to close below these levels then the stock can witness a freefall and the stock can drift to the levels of 1800 to 1820 from where the stock broke out of 2 years of consolidation from the year 2010 to 2012.

Minor resistance for the stock lies in the zone of 2050 to 2070. Resistance for the stock lies in the zone of 2200 to 2230 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2370 to 2400 where Fibonacci level is lying.

Broad range for the stock is seen from 1800 – 1850 on downside & 2200 – 2250 on upside.

Lupin Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Lupin for the week  (Aug 14, 2017 – Aug 18, 2017) :

LUPIN:

 

LUPIN

 

Lupin closed the week on negative note losing around 5.20%.

As we have mentioned last week, that support for the stock lies in the zone of 950 to 960 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can witness a freefall and the stock can drift to the levels of 870 to 880. During the week the stock manages to hit a low of 920 and close the week around the levels of 941.

The stock is in strong downtrend and the support levels are not holding. Support for the stock lies in the zone of 870 to 880 where long term Fibonacci level is lying.

Resistance for the stock lies in the zone of 950 to 960 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 1030 to 1040 from where the stock broke down from July-2017 low.

Broad range for the stock in coming week can be seen from 900 – 910 on downside & 1000 – 1010 on upside.

Sun Pharma Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Sun Pharma for the week  (Aug 14, 2017 – Aug 18, 2017) :

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on negative note losing around 11.10%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 520 to 522. Resistance for the stock lies in the zone of 540 to 545 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 560 to 565 from where the stock has broken down from the H & S Pattern. During the week the stock manages to hit a high of 513 and close the week around the levels of 450.

The stock has broken down from all major support zones on long term charts. The stock is in a freefall. Support for the stock lies in the zone of 430 to 435. If the stock manages to close below these levels then the stock can drift to the levels of 370 to375.

Resistance for the stock lies in the zone of 460 to 465 from where the stock broke down from the trend-line support. If the stock manages to close above these levels then the stock can move to the levels of 490 to 495 from where the stock broke down from May-2017 lows.

Broad range for the stock in the coming week can be 420 – 425 on lower side & 480 – 485 on upper side.

Wipro Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Wipro for the week  (Aug 14, 2017 – Aug 18, 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 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. During the week the stock manages to hit a low of 285 and close the week around the levels of 290.

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 (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for HCL Tech for the week  (Aug 14, 2017 – Aug 18, 2017) :

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on negative note losing around 2.10%.

As we have mentioned last week that 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, Fibonacci levels and short & medium term moving averages are lying. During the week the stock manages to hit a low of 864 and close the week around the levels of 872.

Support for the stock lies in the zone of 860 to 870 where break out levels, Fibonacci levels and short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 830 to 835 where the stock has taken multiple support and 200 daily moving averages are lying.

Resistance for the stock lies in the zone of 890 to 900 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 915 to 925 where Fibonacci level is lying.

Broad range for the stock in the coming week is seen between 830 to 840 on downside & 900 to 910 on upside.

TCS Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for TCS for the week  (Aug 14, 2017 – Aug 18, 2017)  :

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on negative note losing around 1.00%.

As we have mentioned last week, that 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. During the week the stock manages to hit a low of 2481 and close the week around the levels of 2496.

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 2520 to 2525. Resistance for the stock lies in the zone of 2580 to 2600 where the stock has formed a top in the month of July-2017. If the stock manages to close above these levels then the stock can move to the levels of 2700 where the stock has formed a top in the month of June-2017.

Broad range for the stock in the coming week is seen between 2380 to 2400 on downside & 2620 to 2650 on upside.

Infosys Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Infosys for the week  (Aug 14, 2017 – Aug 18, 2017) :

INFOSYS:

 

INFY

 

INFY closed the week on positive note gaining around 0.40%.

As we have mentioned last week, that 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. During the week the stock manages to hit a low of 955 and close the week around the levels of 988.

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 1010 to 1020 where Fibonacci levels and declining trend-line resistance for the stock are lying. If the stock manages to close above these levels then the stock can move to the levels of around 1040 to 1045 where the stock has formed a top in the month of March-2017.

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

SBI Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for SBI for the week  (Aug 14, 2017 – Aug 18, 2017) :

STATE BANK OF INDIA:

 

SBIN

 

SBIN closed the week on negative note losing around 8.20%.

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 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 277 and close the week around the levels of 280.

Support for the stock lies in the zone of 275 to 277 where 200 daily moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 268 to 270 where the stock has taken multiple support.

Minor resistance for the stock lies in the zone of 283 to 285. Resistance for the stock lies in the zone of 288 to 290 where Fibonacci levels and short & medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 297 to 299.

Broad range for the stock in the coming week can be 264 to 266 on lower side & 292 to 294 on upper side.

Axis Bank Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (Aug 14, 2017 – Aug 18, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 3.60%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 510 to 514. Resistance for the stock lies in the zone of 525 to 530 from where the stock broke down on intraday basis. If the stock manages to close above these levels then the stock can move to the levels of 535 to 540 where Fibonacci levels are lying. During the week the stock manages to hit a high of 512 and close the week around the levels of 490.

Support for the stock lies in the zone of 480 to 485 where the stock has taken multiple support in the month of March-2017 and April-2017. If the stock manages to close below these levels then the stock can drift to the levels of 464 to 466 where Fibonacci levels and trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 492 to 495 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 503 to 508 where short & medium term moving averages are lying.

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

ICICI Bank Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for ICICI Bank for the week  (Aug 14, 2017 – Aug 18, 2017) :

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on negative note losing around 3.10%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 300 to 301. Resistance for the stock lies in the zone of 304 to 306 from where the stock has broken down. If the stock manages to close above these levels then the stock can move to the levels of 310 to 314 where the stock has formed a top in the month of July-2017. During the week the stock manages to hit a high of 303 and close the week around the levels of 287.

Support for the stock lies in the zone of 279 to 281 where medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 270 to 272 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 289 to 291 from where the stock has broken down from the July-2017 low. If the stock manages to close above these levels then the stock can move to the levels of 298 to 300 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be 272 – 274 on lower side & 300 – 302 on upper side.

HDFC Bank Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for HDFC Bank for the week  (Aug 14, 2017 – Aug 18, 2017) :

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on negative note losing around 2.30%.

As we have mentioned last week that minor support for the stock lies in the zone of 1760 to 1770. 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 1670 to 1680 where short term moving averages are lying. During the week the stock manages to hit a low of 1731 and close the week around the levels of 1749.

Minor support for the stock lies in the zone of 1735 to 1740. Support for the stock lies in the zone of 1710 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 1680 to 1690 where short term moving averages are lying.

Minor resistance for the stock lies in the zone of 1755 to 1765. Resistance for the stock lies in the zone of 1800 to 1810 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 around 1850 to 1860.

Broad range for the stock in the coming week can be 1700 to 1720 on lower side & 1800 to 1810 on upper side.

Nifty Media Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for NIFTY MEDIA for the week  (Aug 14, 2017 – Aug 18, 2017) :

NIFTY MEDIA:

 

NIFTYMEDIA

 

Nifty Media index closed the week on negative note losing around 7.00%.

As we have mentioned last week, that minor support for the index lies in the zone of 3080 to 3100 where short term moving averages are lying. 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 2845 and close the week around the levels of 2873.

Support for the index lies in the zone of 2750 to 2800 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 2670 to 2700 where break out levels for the index is lying.

Resistance for the index lies in the zone of 2910 to 2950 where Fibonacci levels 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 3030 to 3060 where short term moving averages are lying.

Broad range for the index is seen between 2750 to 2770 on downside & 3000 to 3030 on upside.

Nifty Realty Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for NIFTY REALTY for the week  (Aug 14, 2017 – Aug 18, 2017) :

NIFTY REALTY:

 

NIFTYREALT

 

Nifty REALTY index closed the week on negative note losing around 9.20%.

As we have mentioned last week, that minor support for the index lies in the zone of 278 to 279. Support for the index lies in the zone of 275 to 277 from where the index broke out of May-2017 and June-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 266 to 268 where break out levels for the index and short term moving averages are lying. During the week the index manages to hit a low of 250 and close the week around the levels of 255.

Minor support for the index lies in the zone of 248 to 250. Support for the index lies in the zone of 240 to 242 where the index has taken support in the month of May-2017. If the index manages to close below these levels then the index can drift to the levels of 218 to 220 where long term Fibonacci levels and 200 daily moving averages are lying.

Resistance for the index lies in the zone of 258 to 260 from where the index has broken down from the June-2017 lows 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 272 to 274 from where the index broke down after consolidation and short term moving averages are lying.

Broad range for the index is seen between 240 to 242 on downside & 270 to 272 on upside.

Nifty PSU Bank Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Aug 14, 2017 – Aug 18, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on negative note losing around 8.60%.

As we have mentioned last week, that minor resistance for the index lies in the zone of 3630 to 3650. 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. During the week the index manages to hit a high of 3666 and close the week around the levels of 3293.

Support for the index lies in the zone of 3200 to 3250 where the index has taken support in the month of March-2017 and June-2017. If the index manages to close below these levels then the index can drift to the levels of 3100 to 3140 where long term Fibonacci levels are lying.

Resistance for the index lies in the zone of 3330 to 3350 where 200 daily moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3470 to 3500 short & medium term moving averages are lying.

Broad range for the index is seen between 3100 to 3140 on downside & 3470 to 3500 on upside.

Nifty Metal Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for NIFTY METAL for the week  (Aug 14, 2017 – Aug 18, 2017) :

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on negative note losing around 2.60%.

As we have mentioned last week, that minor support for the index lies in the zone of 3250 to 3270. Support for the index lies in the zone of 3200 to 3230 from where the index broke out of March-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 3050 to 3100 where break out levels for the index is lying and short term moving averages are lying. During the week the index manages to hit a low of 3194 and close the week around the levels of 3217.

Support for the index lies in the zone of 3200 to 3230 from where the index broke out of March-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 3060 to 3100 where break out levels for the index is lying and short term moving averages are lying.

Resistance for the index lies in the zone of 3300 to 3330. If the index manages to close above these levels then the index can move to the levels of 3400 to 3450 where the index has formed a short term top.

Broad range for the index is seen between 3050 to 3100 on downside & 3400 to 3450 on upside.

Nifty Energy Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (Aug 14, 2017 – Aug 18, 2017) :

NIFTY ENERGY:

 

NIFTYMEDIA

 

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

As we have mentioned last week that support for the index lies in the zone of 12800 to 12900 from where the index broke out of July-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 12500 to 12600 from where the index broke out of April-2017 highs and Fibonacci levels are lying. During the week the index manages to hit a low of 12571 and close the week around the levels of 12659.

Support for the index lies in the zone of 12500 to 12600 from where the index broke out of April-2017 highs and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 12000 to 12100 where short & medium term moving averages are lying.

Minor resistance for the index lies in the zone of 12800 to 12900. Resistance for the index lies in the zone of 13200 to 13250. If the index manages to close above these levels then the index can move to the levels of 13500 to 13600.

Broad range for the index is seen between 12000 to 12100 on downside & 13000 to 13100 on upside.

Nifty Auto Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (Aug 14, 2017 – Aug 18, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 6.10%.

As we have mentioned last week, that resistance for the index lies in the zone of 11150 to 11200 where channel resistance for the index is lying. If the index manages to close below these levels then the index can move to the levels of 11500 to 11600 where Fibonacci levels are lying. During the week the index manages to hit a high of 11247 and close the week around the levels of 10458.

Support for the index lies in the zone of 10200 to 10300 from where the index broke out of Feb-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 9900 to 10000 trend-line support and 200 daily moving averages are lying.

Resistance for the index lies in the zone of 10470 to 10520 where medium term moving averages are lying. If the index manages to close below these levels then the index can move to the levels of 10800 to 10900 from where the index broke down after consolidation and short term moving averages are lying.

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

Nifty Pharma Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for NIFTY Pharma for the week  (Aug 14, 2017 – Aug 18, 2017) :

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 8.00%.

As we have mentioned last week, that support for the index lies in the zone of 9170 to 9230 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where the index has formed a bottom in the month of May-2017. During the week the index manages to hit a low of 8314 and close the week around the levels of 8521.

Support for the index lies in the zone of 8300 to 8350 from where the index broke out of consolidation in the month of June-2014. If the index manages to close below these levels then the index can drift to the levels of 8000 to 8050 where long term Fibonacci levels are lying.

Resistance for the index lies in the zone of 8600 to 8650 from where the index broke down from the lows of May-2017. If the index manages to close above these levels then the index can move to the levels of 9000 to 9050 from where the index broke down.

Broad range for the index is seen from 8000 to 8050 on downside & 9000 to 9050 on upside.

Nifty FMCG Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (Aug 14, 2017 – Aug 18, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on negative note losing around 3.00%.

As we have mentioned last week, that 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. During the week the index manages to hit a low of 24665 and close the week around the levels of 24762.

Support for the index lies in the zone of 24600 to 24700 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 23900 to 24000 where break out levels for the index is lying.

Resistance for the index lies in the zone of 25100 to 25200 where lows for the month of July-2017 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 25500 to 25600 where Fibonacci levels are lying.

Broad range for the index in the coming week is seen from 23900 to 24000 on downside & 25400 to 25500 on upside.

Nifty IT Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for NIFTY IT for the week  ( Aug 14, 2017 – Aug 18, 2017) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 1.00%.

As we have mentioned last week, that minor resistance for the index lies in the zone of 10700 to 10900. 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. During the week the index manages to hit a high of 10758 and close the week around the levels of 10647.

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 10700 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 10300 to 10400 on downside & 10900 to 11000 on upside.

Nifty Bank Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Aug 14, 2017 – Aug 18, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on negative note losing around 3.40%.

As we have mentioned, last week that 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. During the week the index manages to hit a low of 23822 and close the week around the levels of 23986.

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.

Resistance for the index lies in the zone of 24300 to 24400. If the index manages to close above these levels then the index can move to the levels of 24500 to 24600 from where the index broke down after consolidation.

Range for the week is seen from 23300 to 23400 on downside & 24500 to 24600 on upside.

Nifty Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

Equityandit’s Outlook for Nifty for week (Aug 14, 2017 – Aug 18, 2017):

NIFTY:

 

NIFTY

 

Nifty closed the week on negative note losing around 3.50%.

As we have mentioned last week that minor support for the index lies in the zone of 9980 to 10020. Support for the index lies in the zone of 9900 to 9930 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 9700 to 9740 from where the index broke out of June-2017 highs and short term moving averages are lying. During the week the index manages to hit a low of 9686 and close the week around the levels of 9711.

Support for the index lies in the zone of 9700 to 9740 from where the index broke out of June-2017 high. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 where medium term moving averages are lying.

Resistance for the index lies in the zone of 9770 to 9820 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 9950 to 10000 from where the index broke down after consolidation.

Broad range for the week is seen from 9400 on downside & 10000 on upside.

MCX Tips for – August 11, 2017

Gold (29176): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28825 levels. Traders can initiate long positions on every dip until Gold Future closes below 28825 levels.

Silver (39213):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38364  levels.

Crude (3128): 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 3121 levels.

Natural Gas (191.90): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG Future closes below 183.35 levels.

Copper (411.50): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes  below 409.00.

Zinc (187.55): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc is trading above 185.40 levels.

Lead (150.90): Lead is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Lead is trading above 149.20 levels.

Nickel (697.20):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 681.20 levels.

Aluminium (129.80):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 127.65 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 – Friday, August 11, 2017

equitypandit_square

Black Friday For Markets, Sharp Downfall Would Be Seen, SBI Result Today

 

Last Trading Session: Indian Stock Market opened flat with negative bias. EquityPandit predicted that Nifty would see downfall till 9838-9792 levels if it doesn’t hold 9892 levels and exactly same happened. Market breached EquityPandit’s predicted levels of 9892 for Nifty in early trade and fell down sharply to achieve EquityPandit’s predicted targets of 9792 for Nifty. Finally, Indian Stock Market closed gap negative for the day.

Today: Indian Stock Market to open gap negative. Technically, Indian Stock Market is still in negative zone. Geopolitical tensions still weighs on global stock markets and hence further downfall cannot be ruled out. Nifty would see immediate support at 9770, breaching which Nifty can see levels of 9737-9700-9670, which would act as consecutive support levels. Downfall is open for now until Nifty holds below 9922 on closing basis. Market would enter into positive zone only if it closes above 9922 levels for Nifty and 24401 for BankNifty. Until then every positive movement would be an opportunity for traders to go short in the market. EquityPandit has warned traders and investors for this downfall and suggested to go short since Nifty was at 10024 levels. Investors and Traders should avoid long positions for now as downfall is intact. SBI, Sunpharma and Bank of Baroda to disclose its quarterly results today and it would affect Indian Stock Market for the day.

FIIs were net sellers of Rs.1171.21 crores whereas DIIs were net buyers of Rs.821.72 crores in cash market for last trading session. Nifty would see strong support at 9770-9737-9700-9670 whereas strong resistance would be seen at 9885-9900-9922 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: Allahabad Bank, Avanti Feeds, Bank Of Baroda, BEML, BPCL, Blue Star, Bosch, Cadila Healthcare, CESC, Cipla, Corporation Bank, Cox & Kings, eClerx Services, Eros International, Finolex Industries, GMR Infra, Godrej Industries, Gujarat Fluorochemicals, GSPL, Hindalco Industries, HDIL, HSIL, Indraprastha Gas, Ipca Laboratories, JSW Energy, Kalpataru Power Transmission, Kwality, Marksans Pharma, Max india, Oil India, Omaxe, Oracle Financial Services Software, Oriental Bank Of Commerce, PNB Housing Finance, Praj Industries, Rural Electrification Corporation, Siti Networks, SBI, SAIL, Strides Shasun, Sun Pharmaceuticals, Sun TV, Suzlon Energy, TV Today, Tata Global Beverages, TTK Prestige, TVS Motor, Uflex and Vardhman Textiles.

NSE Nifty: (9820) The support for the Nifty is 9770-9737-9700-9670 and the resistance to the up move is at 9885-9900-9922 levels.

NSE BankNifty: (24217) The support for BankNifty is at 24170-24066-23940-23850 and the resistance to the up move is at 24312-24460-24535 levels.

BSE Sensex: (31531) The support for the Sensex is at 31470-31420-31340-31265 and the resistance to the up move is at 31632-31688-31750-31860 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 – August 10, 2017

Gold (28844): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 28476 levels. Traders can initiate long positions on every dip until Gold Future closes below 28476 levels.

Silver (38590):  Silver has entered into positive zone and traders can go long at every dip or hold long positions until Silver closes below 37511  levels.

Crude (3157): 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 3121 levels.

Natural Gas (185.40): NG Future has entered into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG Future closes below 178.35 levels.

Copper (413.60): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes  below 409.00.

Zinc (187.60): 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 185.40 levels.

Lead (150.30): Lead is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Lead is trading above 149.20 levels.

Nickel (686.70):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 674.20 levels.

Aluminium (128.80):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 127.20 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Thursday, August 10, 2017

equitypandit_square

Nifty To See 9865-9840 If 9892 Breaches, Recovery Expected If 9892 Holds

 

Last Trading Session: Indian Stock Market opened negative for the day. Last Friday, EquityPandit predicted that market has entered negative zone and traders should short at every positive movement and exactly same happened. Market has seen a sharp downfall since then. Traders, who followed EquityPandit’s advice might have generated huge profits in last 3 trading sessions. Finally, market took support near 9900 levels and managed to close above those levels but in gap negative zone.

Today: Indian Stock Market to open flat. Technically, Indian Stock Market is still in negative zone. 9900 is an important level to watch for traders. If Nifty trades below 9900 for sometime, then next logical support would be at 9862 levels. There is strong chances of bounceback from here but traders should remain cautious at this point of time as Geopolitical tensions would weigh on markets across the globe. If Nifty is not able to bounceback from these levels then a sharp downfall would be seen till 9862-9838-9792 levels. Breaching 9892, would force Nifty to see targets of 9865-9840 levels on spot basis.

FIIs were net sellers of Rs.841.44 crores whereas DIIs were net buyers of Rs.553.17 crores in cash market for last trading session. Nifty would see strong support at 9892-9862-9838-9792 whereas strong resistance would be seen at 9970-9992-10000-10022 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 Power, Adani Transmission, Allcargo Logistics, Bharat Forge, BHEL, Bombay Dyeing, Coffee Day, Dhanuka Agrotech, GAIL, Gujarat Gas, Gujarat Pipavav, Hathway Cable & Datacom, HFCL, Indian Overseas Bank, Kajaria Ceramics, KRBL, Manappuram Finance, Manpasand Beverages, MOIL, Motherson Sumi, Page Industries, Petronet LNG, Phoenix Mills, PFC, PTC India, Religare Enterprises, Shipping Corporation Of India, SpiceJet, Sudarshan Chemical, Suntech Realty, Symphony, Titagarh Wagons, Union Bank Of India, United Breweries and Zydus Wellness.

NSE Nifty: (9908) The support for the Nifty is 9892-9862-9838-9792 and the resistance to the up move is at 9970-9992-10000-10022 levels.

NSE BankNifty: (24375) The support for BankNifty is at 24280-24234-24170-24066 and the resistance to the up move is at 24460-24535-24625-24720 levels.

BSE Sensex: (31798) The support for the Sensex is at 31718-31625-31470 and the resistance to the up move is at 31860-31968-32090-32240 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 – August 09, 2017

Gold (28379): 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 (37499):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 37775  levels.

Crude (3139): 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 3121 levels.

Natural Gas (180.10): NG Future is trading into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG Future closes above 182.25 levels.

Copper (414.05): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes  below 405.80.

Zinc (186.95): 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 181.60 levels.

Lead (151.80): 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 148.50 levels.

Nickel (684.00):  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 656.10 levels.

Aluminium (128.80):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 125.30 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

MCX Tips for – August 08, 2017

Gold (28457): 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 (37271):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 37775  levels.

Crude (3144): 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 3121 levels.

Natural Gas (179.40): 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 182.25 levels.

Copper (410.55): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes  below 403.80.

Zinc (183.25): Zinc has entered into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc is trading above 178.15 levels.

Lead (150.85): 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 148.50 levels.

Nickel (662.70):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 646.95 levels.

Aluminium (125.55):  Aluminium has entered into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 121.85 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 – August 07, 2017

Gold (28465): 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 (37262):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38300  levels.

Crude (3149): Crude is trading into positive zone. Traders should initiate long positions on every dip. For now traders can hold long position until Crude future closes below 3121 levels.

Natural Gas (178.10): NG Future is trading into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG Future closes above 182.25 levels.

Copper (406.70): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes  below 403.80.

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 180.20 levels.

Lead (149.75): Lead is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Lead is trading above 147.70 levels.

Nickel (659.00):  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 644.40 levels.

Aluminium (121.10):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 122.85 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Natural Gas Outlook for the Week (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for Natural Gas for the week  (Aug 07, 2017 – Aug 11, 2017) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS (178.10) closed the week on negative note losing around 6.00%.

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 176 and close the week around the levels of 178.

Support for the commodity lies in the zone of 170 to 172 where the commodity has formed a double bottom in the month of Nov-2016 and Feb-2017. If the commodity manages to close below these levels then the commodity can drift to the levels of 164 to 166 where long term Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 184 to 186 from where the commodity has broken down from the June-2017 lows. If the commodity manages to close above these levels then the commodity can move to the levels of 190 to 192 where Fibonacci levels and short term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 168 – 170 on downside & 188 – 190 on upside.

Crude Oil Outlook for the Week (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (Aug 07, 2017 – Aug 11, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3149) closed the week on negative note losing around 1.30%.

As we have mentioned last week, that 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. During the week the commodity manages to hit a low of 3094 and close the week around the levels of 3149.

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 3030 – 3050 on downside & 3230 – 3250 on upside.

Aluminium Outlook for the Week (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for Aluminium for the week  (Aug 07, 2017 – Aug 11, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (121.10) closed the week on absolutely flat note.

As we have mentioned last week, that 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. During the week the commodity manages to hit a high of 123.65 and close the week around the levels of 121.10.

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 (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for Nickel for the week  (Aug 07, 2017 – Aug 11, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (659) closed the week on positive note gaining around 0.30%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 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. During the week the commodity manages to hit a low of 648 and close the week around the levels of 659.

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 (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for Lead for the week  (Aug 07, 2017 – Aug 11, 2017) :

LEAD:

 

LEAD 1

 

LEAD (149.75) closed the week on positive note gaining around 1.50%.

As we have mentioned last week, that 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. During the week the commodity manages to hit a high of 151 and close the week around the levels of 150.

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 150 to 151 where the commodity has formed a top in the month of July-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 153 to 155 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 145 – 146 on downside & 154 – 155 on upside.

Zinc Outlook for the Week (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for Zinc for the week  (Aug 07, 2017 – Aug 11, 2017) :

ZINC:

 

ZINC 1

 

ZINC (179.20) closed the week on a positive note gaining around 0.70%.

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 176 and close the week around the levels of 179.

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 (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for Copper for the week  (Aug 07, 2017 – Aug 11, 2017) :

COPPER:

 

COPPER 1

 

COPPER (406.70) closed the week on negative note losing around 0.50%.

As we have mentioned last week, that 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. During the week the commodity manages to hit a low of 402 and close the week around the levels of 407.

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 (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for Silver for the week  (Aug 07, 2017 – Aug 11, 2017) :

SILVER:

 

SILVER 1

 

SILVER (37262) closed the week on negative note losing around 3.10%.

As we have mentioned last week, that 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. During the week the commodity manages to hit a high of 38820 and close the week around the levels of 37262.

Support for the commodity lies in the zone of 37000 to 37200 where break out levels for the commodity is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 35500 to 35600 where the commodity has formed a bottom in the month of July-2017.

Resistance for the commodity lies in the zone of 37500 to 37700 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 38500 to 38600 where short term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 35500 – 35600 on downside & 38500 – 38600 on upside.

Gold Outlook for the Week (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for Gold for the week  (Aug 07, 2017 – Aug 11, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28465) closed the week on negative note losing around 0.40%.

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 28666 and close the week around the levels of 28465.

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 (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week  (Aug 07, 2017 – Aug 11, 2017) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive 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 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 1027 and close the week around the levels of 1073.

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 (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for DABUR for the week  (Aug 07, 2017 – Aug 11, 2017) :

DABUR:

 

DABUR

 

Dabur closed the week on negative note losing around 1.00%.

As we have mentioned last week, that 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. During the week the stock manages to hit a low of 297 and close the week around the levels of 307.

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 295 to 297 on downside & 320 to 322 on upside.

Hindustan Unilever Outlook for the Week (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week  (Aug 07, 2017 – Aug 11, 2017) :

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on positive note gaining around 3.30%.

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 1192.

Minor support for the stock lies in the zone of 1170 to 1175. Support for the stock lies in the zone of 1140 to 1145 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 1118 to 1125 where break out levels for the stock is lying.

Resistance for the stock lies in the zone of 1190 to 1200 where the stock has formed a top in the month of July-2017. If the stock manages to close above these levels then the stock can move to the levels of 1250 to 1260.

Broad range for the stock in coming week is seen between 1140 to 1150 on downside & 1250 to 1260 on upside.

ITC Outlook for the Week (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for ITC for the week  (Aug 07, 2017 – Aug 11, 2017) :

ITC:

 

ITC

 

ITC closed the week on negative note losing around 3.70%.

As we have mentioned last week, that 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. During the week the stock manages to hit a low of 280 and close the week around the levels of 281.

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.

Minor resistance for the stock lies in the zone of 286 to 288. 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 270 to 272 on downside & 290 to 292 on upside.

Cipla Outlook for the Week (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for Cipla for the week  (Aug 07, 2017 – Aug 11, 2017) :

CIPLA:

 

CIPLA

 

CIPLA closed the week on positive note gaining around 0.50%.

As we have mentioned last week that minor support for the stock lies in the zone of 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 543 and close the week around the levels of 569.

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 (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (Aug 07, 2017 – Aug 11, 2017) :

DR. REDDY:

 

DRREDDY

 

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

As we have mentioned last week, that support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 2230 and close the week around the levels of 2240.

Support for the stock lies in the zone of 2200 to 2230 where the stock has formed a bottom in the month of May-2014. If the stock manages to close below these levels then the stock can witness a freefall and the stock can drift to the levels of 1900 to 1930 where long term Fibonacci levels are lying.

Minor resistance for the stock lies in the zone of 2300 to 2310. Resistance for the stock lies in the zone of 2350 to 2370 where Fibonacci levels and bottom for the month of May-2017 are lying. If the stock manages to close above these levels then the stock can move to the levels of 2450 to 2500 where the stock has opened gap down.

Broad range for the stock is seen from 2000 – 2050 on downside & 2350 – 2400 on upside.

Lupin Outlook for the Week (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for Lupin for the week  (Aug 07, 2017 – Aug 11, 2017) :

LUPIN:

 

LUPIN

 

Lupin closed the week on negative note losing around 6.70%.

As we have mentioned last week, that 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. During the week the stock manages to hit a low of 963 and close the week around the levels of 993.

Support for the stock lies in the zone of 950 to 960 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can witness a freefall and the stock can drift to the levels of 870 to 880.

Minor resistance for the stock lies in the zone of 1030 to 1040. Resistance for the stock lies in the zone of 1080 to 1100 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 950 – 960 on downside & 1050 – 1060 on upside.