MCX Tips for – September 20, 2017

Gold (29621): Gold is trading into negative zone and traders can hold short positions until Gold closes above 29866 levels. Traders can initiate short positions on every rise until Gold closes above 29866 levels.

Silver (40062):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40555  levels.

Crude (3215): 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 3177 levels.

Natural Gas (201.50): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG Future closes below 197.30 levels.

Copper (423.85): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes  above 427.90.

Zinc (200.70): 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 195.20 levels.

Lead (154.60): 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 150.10 levels.

Nickel (714.20):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 731.80 levels.

Aluminium (135.30):  Aluminium has entered into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 132.25 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, September 20, 2017

equitypandit_square

Nifty To Consolidate As Investors Awaits FED Meeting Outcome

 

Last Trading Session: Indian Stock Market opened positive. EquityPandit predicted that Indian Stock Market is still in positive zone. EquityPandit also predicted that market would see some profit booking but traders can continue long positions until Nifty holds 10081 levels and exactly same happened. Nifty moved positive and saw record highs on intraday levels but saw profit booking as predicted by EquityPandit. Sensex saw lows right at EquityPandit’s predicted support levels of 32360 like a dot and managed to recover from there. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market to open flat. Technically, Indian Stock Market is still in positive zone. Indian Stock Market would consolidated for now as investors await US FED meeting outcome. US President Trump warns North Korea in UN speech and hence market would remain under pressure due to geopolitical concerns. Nifty hit the record highs but formed a bearish candle in last trading session. Now, trading below 10130 would make bears active and market can fell further but until Nifty holds 10130 on closing basis, bulls can come into action again and may see lifetime high levels for Nifty again. Market would enter into selling zone only if it closes below 10086 levels for Nifty and 24856 levels for BankNifty. Traders can close all long positions and initiate fresh short positions if that happens. Until then traders can continue to hold long positions for Nifty.

FIIs were net sellers of Rs.1719.62 crores whereas DIIs were net sellers of Rs.77.68 crores in cash market for last trading session. Nifty would see strong support at 10130-10116-10081-10050 whereas strong resistance would be seen at 10188-10205-10218-10235 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, DHFL, HDIL, IBREALEST, INFIBEAM, JPASSOCIAT, JSWENERGY and JUSTDIAL.

NSE Nifty: (10148) The support for the Nifty is 10130-10116-10081-10050 and the resistance to the up move is at 10188-10205-10218-10235 levels.

NSE BankNifty: (25042) The support for BankNifty is at 24940-24815-24737 and the resistance to the up move is at 25080-25188-25240-25340 levels.

BSE Sensex: (32402) The support for the Sensex is at 32360-32238-32130-32082 and the resistance to the up move is at 32450-32546-32636-32688 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 – September 19, 2017

Gold (29547): Gold is trading into negative zone and traders can hold short positions until Gold closes above 29944 levels. Traders can initiate short positions on every rise until Gold closes above 29944 levels.

Silver (39764):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40849  levels.

Crude (3208): 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 3122 levels.

Natural Gas (202.50): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG Future closes below 193.50 levels.

Copper (422.70): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes  above 427.90.

Zinc (200.65): 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 193.75 levels.

Lead (152.50): Lead is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Lead is trading above 148.30 levels.

Nickel (714.60):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 731.80 levels.

Aluminium (132.80):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 134.65 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Tuesday, September 19, 2017

equitypandit_square

Some Profit Booking Expected But Continue Long Until Nifty Holds 10081 By Closing

 

Last Trading Session: Indian Stock Market opened gap positive as per EquityPandit’s predictions. EquityPandit predicted that Nifty would open near Record Highs and traders should continue long positions for Targets of 10150-10200 levels for Nifty in upcoming days and exactly same happened. Nifty hit record highs while opening tick as per EquityPandit’s predictions. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market to open flat. Technically, Indian Stock Market is still in positive zone. Nifty hit record highs in last trading session leaving a gap in the trend and hence some profit booking can’t be ruled out at this point of time but market would still remain bullish until it trades above 10135 levels for Nifty. Traders can continue to hold long positions until Market holds 10081 spot levels for Nifty and 24823 spot levels for BankNifty on closing basis. Next logical target for Nifty is set to 10200 levels on spot basis. Overall, market is bullish and traders can continue to hold long positions for now.

FIIs were net sellers of Rs.96.92 crores whereas DIIs were net buyers of Rs.775.61 crores in cash market for last trading session. Nifty would see strong support at 10135-10116-10081-10050 whereas strong resistance would be seen at 10188-10205-10218-10235 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: DHFL, HDIL, IBREALEST, INFIBEAM, JPASSOCIAT, JSWENERGY, JUSTDIAL and WOCKPHARMA

NSE Nifty: (10153) The support for the Nifty is 10135-10116-10081-10050 and the resistance to the up move is at 10188-10205-10218-10235 levels.

NSE BankNifty: (25047) The support for BankNifty is at 24940-24815-24737 and the resistance to the up move is at 25080-25188-25240-25340 levels.

BSE Sensex: (32424) The support for the Sensex is at 32360-32238-32130-32082 and the resistance to the up move is at 32450-32546-32636-32688 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 (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Natural Gas for the week  (Sep 18, 2017 – Sep 22, 2017) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS (193.90) closed the week on positive note gaining around 4.50%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 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. During the week the commodity manages to hit a high of 199 and close the week around the levels of 194.

Support for the commodity lies in the zone of 188 to 190 where short term moving averages and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 182 to 184 where the commodity has taken multiple supports.

Resistance for the commodity lies in the zone of 194 to 196 where medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 202 to 204 where 200 daily moving averages are lying.

Broad range for the commodity in the coming week can be seen between 182 – 184 on downside & 205 – 207 on upside.

Crude Oil Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (Sep 18, 2017 – Sep 22, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3191) closed the week on positive note gaining around 4.80%.

As we have mentioned last week, that 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. During the week the commodity manages to hit a low of 3010 and close the week around the levels of 3191.

Support for the commodity lies in the zone of 3080 to 3120 where Fibonacci levels 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.

Resistance for the commodity lies in the zone of 3200 to 3250 where Fibonacci levels and 200 Daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3300 to 3330 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 3020 – 3050 on downside & 3300 – 3330 on upside.

Aluminium Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Aluminium for the week  (Sep 18, 2017 – Sep 22, 2017) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM (132.35) closed the week on negative note losing around 0.40%.

As we have mentioned last week, that support for the commodity lies in the zone of around 133 to 134 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 130 to 131 where break out levels are lying. During the week the commodity manages to hit a low of 131.50 and close the week around the levels of 132.

Support for the commodity lies in the zone of around 130 to 131 from where the commodity broke out of March-2017 highs. If the commodity manages to close below these levels then the commodity can drift to the levels of 127 to 128 where break out levels and short term moving averages are lying.

Resistance for the commodity lies in the zone of 133 to 134. If the commodity manages to close above these levels then the commodity can move to the levels of 136 to 138.

Broad range for the commodity in the coming week can be seen between 125 – 127 on downside and 138 – 140 on upside.

Nickel Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Nickel for the week  (Sep 18, 2017 – Sep 22, 2017) :

NICKEL:

 

NICKEL 1

 

NICKEL (710.60) closed the week on negative note losing around 3.20%.

As we have mentioned last week, that support for the commodity lies in the zone of 750 to 755 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 around 720 to 725 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 693 and close the week around the levels of 711.

Support for the commodity lies in the zone of 700 to 705 where break out levels and Fibonacci levels for the commodity is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 680 to 685 where Fibonacci levels and short term moving averages are lying.

Resistance for the commodity lies in the zone of 723 to 728 from where the commodity has broken down from H&S pattern and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 745 to 750.

Broad range for the commodity in the coming week can be seen between 680 – 685 on downside & 745 – 750 on upside.

 

Lead Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Lead for the week  (Sep 18, 2017 – Sep 22, 2017) :

LEAD:

 

LEAD 1

 

LEAD (150.50) closed the week on positive note gaining around 4.70%.

As we have mentioned last week, that 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. During the week the commodity manages to hit a low of 143 and close the week around the levels of 150.

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.

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 – 145 on downside & 160 – 162 on upside.

 

 

Zinc Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Zinc for the week  (Sep 18, 2017 – Sep 22, 2017) :

ZINC:

 

ZINC 1

 

ZINC (194.90) closed the week on a positive note gaining around 0.70%.

Support for the commodity lies in the zone of 189 to 191 where break out levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 183 to 185 where trend-line support for the commodity is lying.

Resistance for the commodity lies in the zone of 195 to 197 from where the commodity has broken down from the consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of 204 to 206 where trend-line joining highs of 208 and 204 are lying.

Broad range for the commodity in the coming week can be seen between 185 – 187 on downside & 205 – 207 on upside.

 

 

Copper Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Copper for the week  (Sep 18, 2017 – Sep 22, 2017) :

COPPER:

 

COPPER 1

 

COPPER (420.10) closed the week on negative note losing around 2.60%.

Support for the commodity lies in the zone of 414 to 417 where short term moving averages and break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 400 to 403 where long term Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 424 to 426. If the commodity manages to close above these levels then the commodity can move to the levels of 430 to 432 from where the commodity has broken down.

Broad range for the commodity in the coming week can be seen between 408 – 410 on downside & 430 – 433 on upside.

 

 

Silver Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Silver for the week  (Sep 18, 2017 – Sep 22, 2017) :

SILVER:

 

SILVER 1

 

SILVER (40814) closed the week on negative note losing around 1.80%.

Support for the commodity lies in the zone of 40600 to 40700 from where the commodity broke out of June-2017 highs and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 40000 to 40100 where 200 daily moving averages are lying.

Minor resistance for the commodity lies in the zone of 41500 to 41600. Resistance for the commodity lies in the zone of 42000 to 42200 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 42500 to 42600 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 40000 – 40200 on downside & 42000 – 42200 on upside.

Gold Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Gold for the week  (Sep 18, 2017 – Sep 22, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29856) closed the week on negative note losing around 1.40%.

As we have mentioned last week, that 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. During the week the commodity manages to hit a high of 30200 and close the week around the levels of 29856.

Support 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 below these levels then the commodity can drift to the levels of 28900 to 29000 where Fibonacci level is lying.

Resistance for the commodity lies in the zone of 30200 to 30300 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30600 to 30700 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 29500 – 29600 on downside & 30300 – 30400 on upside.

 

Colgate Palmolive Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week  (Sep 18, 2017 – Sep 22, 2017) :

COLGATE PALMOLIVE:

 

COLPAL

 

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

As we have mentioned last week that the stock is trading at life time highs so virtually so no resistance exist. Resistance for the stock lies in the zone of 1155 to 1165. If the stock manages to close above these levels then the stock can move to the levels of 1180 to 1200. During the week the stock manages to hit a high of 1178 and close the week around the levels of 1138.

Support for the stock lies in the zone of 1130 to 1135 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1080 to 1090 where Fibonacci level and short term moving average are lying.

The stock is trading at life time highs so virtually no resistance exist. Resistance for the stock lies in the zone of 1155 to 1165. If the stock manages to close above these levels then the stock can move to the levels of 1180 to 1200.

Broad range for the stock is seen between 1050 to 1060 on downside & 1170 to 1180 on upside.

Dabur Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for DABUR for the week  (Sep 18, 2017 – Sep 22, 2017) :

DABUR:

 

DABUR

 

Dabur closed the week on positive note gaining around 1.10%.

As we have mentioned last week, that support for the stock lies in the zone of 300 to 305 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. During the week the stock manages to hit a low of 305 and close the week around the levels of 310.

Support for the stock lies in the zone of 300 to 305 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.

Resistance for the stock lies in the zone of 314 to 316 from where the stock broke down after consolidation and Fibonacci levels are lying. 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 300 to 302 on downside & 320 to 322 on upside.

Hindustan Unilever Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week  (Sep 18, 2017 – Sep 22, 2017) :

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

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

As we have mentioned last week, that support for the stock lies in the zone of 1200 to 1210 from where the stock broke out of double top pattern. If the stock manages to close below these levels then the stock can drift to the levels of 1150 to 1160 where short term moving averages for the stock is lying. During the week the stock manages to hit a low of 1206 and close the week around the levels of 1246.

Minor support for the stock lies in the zone of 1220 to 1230. Support for the stock lies in the zone of 1200 to 1210 from where the stock broke out of double top pattern. If the stock manages to close below these levels then the stock can drift to the levels of 1150 to 1160 where short term moving averages for the stock is lying.

Resistance for the stock lies in the zone of 1250 to 1260. If the stock manages to close above these levels then the stock can move to the levels of 1270 to 1280.

Broad range for the stock in coming week is seen between 1210 to 1220 on downside & 1270 to 1280 on upside.

ITC Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for ITC for the week  (Sep 18, 2017 – Sep 22, 2017) :

ITC:

 

ITC

 

ITC closed the week on negative note losing around 1.10%.

As we have mentioned last week, that resistance for the stock lies in the zone of 275 to 277 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 281 to 283. During the week the stock manages to hit a high of 278 and close the week around the levels of 269.

Support for the stock lies in the zone of 268 to 270 where the stock has formed a bottom in the month of August-2017. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 262.

Resistance for the stock lies in the zone of 275 to 277 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 281 to 283.

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 (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Cipla for the week  (Sep 18, 2017 – Sep 22, 2017) :

CIPLA:

 

CIPLA

 

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

As we have mentioned last week, that support for the stock lies in the zone of 545 to 550 where the stock has taken multiple support. 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 543 and close the week around the levels of 561.

Support for the stock lies in the zone of 545 to 550 where the stock has taken multiple support. 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 560 to 565 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 575 to 580 where the stock has formed a short term top.

Broad range for the stock is seen in the range of 540 – 545 on downside & 575 – 580 on upside.

Dr. Reddy Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (Sep 18, 2017 – Sep 22, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 2.20%.

As we have mentioned last week, that minor support for the stock lies in the zone of 2100 to 2150. Support for the stock lies in the zone of 2000 to 2030 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 1900 to 1930 where long term Fibonacci levels are lying. During the week the stock manages to hit a low of 2135 and close the week around the levels of 2211.

Minor support for the stock lies in the zone of 2150 to 2170. Support for the stock lies in the zone of 2050 to 2100 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 1900 to 1930 where long term Fibonacci levels are lying.

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 2300 to 2330 where short term moving averages are lying.

Broad range for the stock is seen from 2100 – 2130 on downside & 2330 – 2350 on upside.

Lupin Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Lupin for the week  (Sep 18, 2017 – Sep 22, 2017) :

LUPIN:

 

LUPIN

 

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

As we have mentioned last week, that minor resistance for the stock lies in the zone of 985 to 990. 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. During the week the stock manages to hit a high of 1018 and close the week around the levels of 1010.

Minor support for the stock lies in the zone of 985 to 990. 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.

Minor resistance for the stock lies in the zone of 1000 to 1010. Resistance for the stock lies in the zone of 1030 to 1040 from where the stock broke down from July-2017 low and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1070 to 1080 where Fibonacci levels are lying.

Broad range for the stock in coming week can be seen from 970 – 980 on downside & 1050 – 1060 on upside.

Sun Pharma Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Sun Pharma for the week  (Sep 18, 2017 – Sep 22, 2017) :

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on positive note gaining around 11.20%.

As we have mentioned last week, that the stock has broken down from all major support zones on long term charts. Support for the stock lies in the zone of 455 to 460. 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 466 and close the week around the levels of 524.

Minor support for the stock lies in the zone of 515 to 519. Support for the stock lies in the zone of 500 to 505 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 480 to485.

Resistance for the stock lies in the zone of 535 to 540 where medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 580 to 585.

Broad range for the stock in the coming week can be 500 – 505 on lower side & 545 – 550 on upper side.

Wipro Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Wipro for the week  (Sep 18, 2017 – Sep 22, 2017) :

WIPRO:

 

WIPRO

 

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

As we have mentioned last week, that resistance for the stock lies in the zone of 300 to 302. If the stock manages to close above these levels then the stock can move to the levels of 308 to 310 where long term Fibonacci levels are lying. During the week the stock manages to hit a high of 303 and close the week around the levels of 286.

Support for the stock lies in the zone of 281 to 284 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 272 to 274 from where the stock has opened gap up.

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 293 to 295.

Broad range for the stock in the coming week is seen between 278 to 280 on downside & 292 to 294 on upside.

HCL Tech Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for HCL Tech for the week  (Sep 18, 2017 – Sep 22, 2017) :

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on positive note gaining around 3.10%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 870 to 880. 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. During the week the stock manages to hit a high of 893 and close the week around the levels of 887.

Minor support for the stock lies in the zone of 870 to 880. Support for the stock lies in the zone of 855 to 860 where break out levels, 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 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 840 to 850 on downside & 920 to 930 on upside.

TCS Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for TCS for the week  (Sep 18, 2017 – Sep 22, 2017)  :

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on positive note gaining around 1.40%.

As we have mentioned last week, that support for the stock lies in the zone of 2430 to 2440 where short and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2370 to 2400 where trend-line support and 200 moving averages are lying. During the week the stock manages to hit a low of 2450 and close the week around the levels of 2506.

Support for the stock lies in the zone of 2450 to 2470 where short and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2370 to 2400 where trend-line support and 200 moving averages are lying.

Resistance for the stock lies in the zone of 2550 to 2580 where the stock has formed a top in the month of July-2017 and August-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 2400 to 2430 on downside & 2570 to 2600 on upside.

Infosys Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Infosys for the week  (Sep 18, 2017 – Sep 22, 2017) :

INFOSYS:

 

INFY

 

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

As we have mentioned last week, that minor support for the stock lies in the zone of 870 to 875. Support for the stock lies in the zone of 855 to 860 where the stock has form a bottom in the month of August-2017. 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 874 and close the week around the levels of 908.

Minor support for the stock lies in the zone of 890 to 900. Support for the stock lies in the zone of 855 to 860 where the stock has form a bottom in the month of August-2017. 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 920 to 930 from where the stock has broken down from the trend-line 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 850 to 860 on downside & 930 to 940 on upside.

Axis Bank Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (Sep 18, 2017 – Sep 22, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 4.50%.

As we have mentioned last week, that 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. During the week the stock manages to hit a low of 493 and close the week around the levels of 516.

Support for the stock lies in the zone of 505 to 508 where short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 492 to 495 where 200 Daily Moving averages are lying.

Resistance for the stock lies in the zone of 517 to 520 from where the stock has sold off. If the stock manages to close above these levels then the stock can move to the levels of 530 to 535 where Fibonacci levels are lying.

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

ICICI Bank Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for ICICI Bank for the week  (Sep 18, 2017 – Sep 22, 2017) :

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on absolutely flat note.

As we have mentioned last week, that minor resistance for the stock lies in the zone of 295 to 297. Resistance for the stock lies in the zone of 300 to 302 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. During the week the stock manages to hit a high of 296 and close the week around the levels of 292.

Support for the stock lies in the zone of 287 to 289 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 280 to 282 where Fibonacci levels are lying.

Minor resistance for the stock lies in the zone of 295 to 297. Resistance for the stock lies in the zone of 300 to 302 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 280 – 282 on lower side & 300 – 302 on upper side.

HDFC Bank Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for HDFC Bank for the week  (Sep 18, 2017 – Sep 22, 2017) :

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on positive note gaining around 3.40%.

As we have mentioned last week, that resistance for the stock lies in the zone of 1810 to 1820 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 1852 and close the week around the levels of 1849.

Support for the stock lies in the zone of 1800 to 1810 from where the stock broke out of August-2017 highs. If the stock manages to close below these levels then the stock can drift to the levels of around 1770 to 1780 from where the stock broke out after consolidation.

The stock is in strong uptrend. Practically no resistance is visible. Resistance for the stock lies in the zone of 1850 to 1860. If the stock manages to close above these levels then the stock can move to the levels of 1890 to 1900.

Broad range for the stock in the coming week can be 1810 to 1820 on lower side & 1880 to 1890 on upper side.

SBI Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for SBI for the week  (Sep 18, 2017 – Sep 22, 2017) :

STATE BANK OF INDIA:

 

SBIN

 

SBIN closed the week on absolutely flat note.

As we have mentioned last week, that resistance for the stock lies in the zone of 276 to 278 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 286 to 288 where Fibonacci levels and short & medium term moving averages are lying. During the week the stock manages to hit a high of 277 and close the week around the levels of 271.

Support for the stock lies in the zone of 268 to 270 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 260 to 262 from where the stock has broken out.

Resistance for the stock lies in the zone of 276 to 278 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 286 to 288 where Fibonacci levels and short & medium term moving averages are lying.

Broad range for the stock in the coming week can be 260 to 262 on lower side & 282 to 284 on upper side.

Nifty Media Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for NIFTY MEDIA for the week  (Sep 18, 2017 – Sep 22, 2017) :

NIFTY MEDIA:

 

NIFTYMEDIA

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 3070 to 3090 where medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3130 to 3150 where Fibonacci levels are lying. During the week the index manages to hit a high of 3109 and close the week around the levels of 3100.

Minor support for the index lies in the zone of 3020 to 3050. 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 3130 to 3150 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 3200 to 3230.

Broad range for the index is seen between 3000 to 3030 on downside & 3200 to 3230 on upside.

Nifty Realty Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for NIFTY REALTY for the week  (Sep 18, 2017 – Sep 22, 2017) :

NIFTY REALTY:

 

NIFTYREALT

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 284 to 286. Support for the index lies in the zone of 278 to 280 from where the index broke out after consolidation. If the index manages to close below these levels then the index can drift to the levels of 268 to 270 where medium term moving averages are lying. During the week the index manages to hit a low of 283.50 and close the week around the levels of 287.

Minor support for the index lies in the zone of 284 to 286. Support for the index lies in the zone of 278 to 280 from where the index broke out after consolidation. If the index manages to close below these levels then the index can drift to the levels of 268 to 270 where medium term moving averages are lying.

Minor resistance for the index lies in the zone of 287 to 288. Resistance for the index lies in the zone of 290 to 292 where long term Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 310 to 312 from where the index has sold off in the month of Jan-2013.

Broad range for the index is seen between 275 to 277 on downside & 295 to 297 on upside.

Nifty PSU Bank Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Sep 18, 2017 – Sep 22, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

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

As we have mentioned last week, that minor resistance for the index lies in the zone of 3250 to 3280. 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 3450 to 3500 where Fibonacci levels and short & medium term moving averages are lying. During the week the index manages to hit a high of 3310 and close the week around the levels of 3278.

Support for the index lies in the zone of 3170 to 3200 where the index has taken support in the month of March-2017 & June-2017 and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3030 to 3080.

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 3450 to 3500 where Fibonacci levels and short & medium term moving averages are lying.

Broad range for the index is seen between 3070 to 3100 on downside & 3380 to 3400 on upside.

Nifty Metal Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for NIFTY METAL for the week  (Sep 18, 2017 – Sep 22, 2017) :

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on absolutely flat note.

As we have mentioned last week, that resistance for the index lies in the zone of 3650 to 3700 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 3750 to 3770. During the week the index manages to hit a high of 3739 and close the week around the levels of 3663.

Support for the index lies in the zone of 3550 to 3600 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3450 to 3500 from where the index broke out of double top pattern.

Resistance for the index lies in the zone of 3650 to 3700 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 3750 to 3770.

Broad range for the index is seen between 3450 to 3500 on downside & 3750 to 3800 on upside.

Nifty Energy Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (Sep 18, 2017 – Sep 22, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 13300 to 13400 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 13500 to 13600. During the week the index manages to hit a high of 13647 and close the week around the levels of 13347.

Minor support for the index lies in the zone of 13100 to 13150. Support for the index lies in the zone of 12900 to 13000 where break out levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 12500 to 12600 from where the index broke out of April-2017 highs and Fibonacci levels are lying.

Resistance for the index lies in the zone of 13300 to 13400 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 13600 to 13700.

Broad range for the index is seen between 12800 to 12900 on downside & 13600 to 13700 on upside.

Nifty Auto Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (Sep 18, 2017 – Sep 22, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

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

As we have mentioned last week, that 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. During the week the index manages to hit a high of 11026 and close the week around the levels of 10971.

Minor support for the index lies in the zone of 10800 to 10850. Support for the index lies in the zone of 10500 to 10600 where break out levels 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 11000 to 11100 where Fibonacci levels are lying. If the index manages to close below these levels then the index can move to the levels of 11200 to 11300 where the index has formed a high in the month of August-2017.

Broad range for the index is seen from 10500 to 10600 on downside & 11300 to 11400 on upside.

Nifty Pharma Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for NIFTY Pharma for the week  (Sep 18, 2017 – Sep 22, 2017) :

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on positive note gaining around 5.70%.

As we have mentioned last week, that minor resistance for the index lies in the zone of 8950 to 9000. Resistance for the index lies in the zone of 9200 to 9250 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 9300 to 9350 where short term moving averages are lying. During the week the index manages to hit a high of 9396 and close the week around the levels of 9338.

Support for the index lies in the zone of 9200 to 9250 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8900 to 8950 where break out levels are lying.

Resistance for the index lies in the zone of 9300 to 9350 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 9550 to 9600.

Broad range for the index is seen from 9000 to 9050 on downside & 9550 to 9600 on upside.

Nifty FMCG Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (Sep 18, 2017 – Sep 22, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

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

As we have mentioned last week, that minor resistance for the index lies in the zone of 25550 to 25650. Resistance for the index lies in the zone of 26000 to 26100 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. During the week the index manages to hit a high of 25935 and close the week around the levels of 25506.

Support for the index lies in the zone of 25000 to 25200 where break out 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 are lying.

Minor resistance for the index lies in the zone of 25550 to 25650. Resistance for the index lies in the zone of 26000 to 26100 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 24600 to 24700 on downside & 26200 to 26300 on upside.

Nifty IT Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for NIFTY IT for the week  ( Sep 18, 2017 – Sep 22, 2017) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that support for the index lies in the zone of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10100 where Fibonacci levels are lying. During the week the index manages to hit a low of 10428 and close the week around the levels of 10600.

Minor support for the index lies in the zone of 10480 to 10500. Support for the index lies in the zone of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10100 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 10700 to 10800 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 11000 to 11050 where the index has formed a top in the month of June-2017.

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 (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Sep 18, 2017 – Sep 22, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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

As we have mentioned, last week that 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 25100 to 25200 where the index has formed a top in the month of August-2017. During the week the index manages to hit a high of 24994 and close the week around the levels of 24844.

Minor support for the index lies in the zone of 24600 to 24700. Support for the index lies in the zone of 24400 to 24500 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 23800 to 23900 from where the index broke out of June-2017 highs.

Resistance for the index lies in the zone of 25100 to 25200 where the index has formed a top in the month of August-2017. If the index manages to close above these levels then the index can move to the levels of 25400 to 25500.

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

Nifty Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

Equityandit’s Outlook for Nifty for week (Sep 18, 2017 – Sep 22, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 9950 to 10000 from where the index has broken 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 in the month of August-2017. During the week the index manages to hit a high of 10132 and close the week around the levels of 10085.

Minor support for the index lies in the zone of 9980 to 10020. Support for the index lies in the zone of 9880 to 9920 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9700 to 9740 from where the index broke out of June-2017 high.

Resistance for the index lies in the zone of 10100 to 10130 where the index has formed a top in the month of August-2017. If the index manages to close above these levels then the index can move to the levels of 10300 to 10400.

Broad range for the week is seen from 9800 on downside & 10300 on upside.

Share Market Tips for – Monday, September 18, 2017

equitypandit_square

Nifty To Open At Record Highs, Continue Long Until 10024 Holds

 

Last Trading Session: Indian Stock Market opened gap negative as predicted by EquityPandit. Indian Stock Market moved sharply negative but bulls gained strength and took Nifty to intraday highs. Nifty saw highs right at EquityPandit’s predicted resistance levels of 10115 like a dot. Sensex also saw highs right near EquityPandit’s predicted resistance levels of 32350 like a dot. Finally, Indian Stock Market eased from day highs and closed flat for the day.

Today: Indian Stock Market to open gap positive. Technically, Indian Stock Market is still in positive zone. Today, Nifty would see record highs. Traders can hold long positions until Nifty closes below 10024 levels. Next Target for Nifty is set to 10150-10200 levels. Every dip is an opportunity for traders to go long into the market. Once Nifty closes above 10138 levels, huge buying would infuse in the markets and we would soon see targets of 10150-10200levels for Nifty.

FIIs were net buyers of Rs.418.86 crores whereas DIIs were net buyers of Rs.125.55 crores in cash market for last trading session. Nifty would see strong support at 10050-10020-10000-9987 whereas strong resistance would be seen at 10115-10138-10150-10200 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: DHFL, HDIL, IBREALEST, JPASSOCIAT, JSWENERGY and WOCKPHARMA

NSE Nifty: (10085) The support for the Nifty is 10050-10020-10000-9987 and the resistance to the up move is at 10115-10138-10150-10200 levels.

NSE BankNifty: (24844) The support for BankNifty is at 24815-24737-24636-24500 and the resistance to the up move is at 24980-25032-25080-25180 levels.

BSE Sensex: (32273) The support for the Sensex is at 32130-32082-32038-31950 and the resistance to the up move is at 32350-32380-32450-32546 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 – September 15, 2017

Gold (30010): Gold is trading into negative zone and traders can hold short positions until Gold closes above 30185 levels. Traders can initiate short positions on every rise until Gold closes above 30185 levels.

Silver (41140):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 41035  levels.

Crude (3215): 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 3122 levels.

Natural Gas (197.30): 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 192.50 levels.

Copper (421.40): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes  above 429.55.

Zinc (193.00): Zinc is trading into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc is trading below 197.10 levels.

Lead (148.00): 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 142.60 levels.

Nickel (717.30):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 745.30 levels.

Aluminium (133.55):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 135.55 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Share Market Tips for – Friday, September 15, 2017

equitypandit_square

Market To Open Gap Negative After North Korea Launched Another Missile Over Japan

 

Last Trading Session: Indian Stock Market opened positive. EquityPandit predicted that market is still in positive zone but would witness strong resistance near 10138 levels for Nifty. EquityPandit also predicted that Further profit booking would be seen in the market but traders can go long until 10020 holds for Nifty and exactly same happened. Finally, Indian Stock Market closed flat for the day. Sensex closed right at EquityPandit’s predicted resistance levels of 32240 levels like a dot. BankNifty also closed right below EquityPandit’s predicted resistance levels of 24920 levels.

Today: Indian Stock Market to open gap negative. Technically, Indian Stock Market is still in positive zone. North Korea launched another missile over Japan this morning and this would create pressure on Asian Market today. Indian Stock Market would see sharp profit booking over North Korean worries. Now 10024-10000 is important level to watch for Nifty. Market would enter into negative zone if it closes below 10024 levels for Nifty and 24697 levels for BankNifty. Traders can close any long positions if Nifty closes below 10024 levels. If Asian Markets closes flat for the day then the effect would be muted but until then traders should remain cautious. Further Long positions should be taken only if Nifty manages to breach 10138 levels.

FIIs are continuous sellers for the whole month in cash market. FIIs were net sellers of Rs.1334.23 crores whereas DIIs were net buyers of Rs.793.31 crores in cash market for last trading session. Nifty would see strong support at 10050-10020-9987-9965 whereas strong resistance would be seen at 10115-10138-10150-10200 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: DHFL, IBREALEST, JPASSOCIAT, JSWENERGY and WOCKPHARMA

NSE Nifty: (10087) The support for the Nifty is 10050-10020-9987-9965 and the resistance to the up move is at 10115-10138-10150-10200 levels.

NSE BankNifty: (24912) The support for BankNifty is at 24815-24737-24636-24500 and the resistance to the up move is at 24980-25032-25080-25180 levels.

BSE Sensex: (32242) The support for the Sensex is at 32082-32038-31950-31840 and the resistance to the up move is at 32350-32380-32450-32546 levels.

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

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MCX Tips for – September 14, 2017

Gold (29886): Gold is trading into negative zone and traders can hold short positions until Gold closes above 30185 levels. Traders can initiate short positions on every rise until Gold closes above 30185 levels.

Silver (41110):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 41035  levels.

Crude (3162): 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 3055 levels.

Natural Gas (197.10): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG Future closes below 190.14 levels.

Copper (424.20): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes  above 434.10.

Zinc (194.10): Zinc is trading into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc is trading below 199.10 levels.

Lead (146.00): 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 147.50 levels.

Nickel (730.90):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 766.80 levels.

Aluminium (134.10):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 135.55 levels.

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

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

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Share Market Tips for – Thursday, September 14, 2017

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Further Profit Booking Expected But Go Long At Dips Until 10020 Holds For Nifty

 

Last Trading Session: Indian Stock Market opened flat as per EquityPandit’s predictions. EquityPandit predicted that Nifty is heading towards lifetime highs and suggested to continue long positions. EquityPandit also predicted that Nifty ready to see next target of 10115 and exactly same happened. Indian Stock Market moved sharply positive and achieved EquityPandit’s predicted targets of 10115 for Nifty. Nifty made highs just below lifetime highs and reversed from there due to high psychological resistance seen at record high levels. Finally, Indian Stock Market closed flat for the day.

Today: Indian Stock Market to open flat. Technically, Indian Stock Market is still in positive zone. Market saw sharp profit booking by the end of last trading session. This suggest that Nifty would is witnessing strong resistance at lifetime highs of 10137 levels and is not ready to breach those levels in one-go. Nifty may see some further profit booking if it closes below 10063 levels in today’s trading session. Indian Stock Market would see reversal only if it closes below 10020 levels for Nifty and 24636 levels for BankNifty but until then every downfall would be an opportunity for traders to go long in the market. BankNifty is stronger as compared to Nifty and traders can go long at every dip in the market. Once Nifty breaches levels of 10138, it would head towards 10200 levels in upcoming sessions.

FIIs were net sellers of Rs.826.77 crores whereas DIIs were net buyers of Rs.725.90 crores in cash market for last trading session. Nifty would see strong support at 10063-10050-10020-9987 whereas strong resistance would be seen at 10115-10138-10150-10200 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: DHFL, IBREALEST, JPASSOCIAT, JSWENERGY and WOCKPHARMA

Global Data To Watch Today: U.S. consumer-price data, China’s August industrial production, retail sales and fixed-asset investment.

NSE Nifty: (10079) The support for the Nifty is 10063-10050-10020-9987 and the resistance to the up move is at 10115-10138-10150-10200 levels.

NSE BankNifty: (24832) The support for BankNifty is at 24737-24636-24500-24465 and the resistance to the up move is at 24920-24980-25032-25080 levels.

BSE Sensex: (32186) The support for the Sensex is at 32082-32038-31950-31865 and the resistance to the up move is at 32240-32350-32380-32450 levels.

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

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MCX Tips for – September 13, 2017

Gold (29943): Gold is trading into negative zone and traders can hold short positions until Gold closes above 30185 levels. Traders can initiate short positions on every rise until Gold closes above 30185 levels.

Silver (41216):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 41035  levels.

Crude (3092): 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 3122 levels.

Natural Gas (192.90): NG Future has entered into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG Future closes below 186.40 levels.

Copper (430.85): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes  above 439.30.

Zinc (196.00): Zinc is trading into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc is trading below 201.20 levels.

Lead (146.35): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 147.50 levels.

Nickel (760.80):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 767.60 levels.

Aluminium (135.50):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 135.55 levels.

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

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

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Share Market Tips for – Wednesday, September 13, 2017

equitypandit_square

Nifty Heading Towards Lifetime highs, Continue Long Positions

 

Last Trading Session: Indian Stock Market opened positive. EquityPandit predicted that Nifty saw a fresh breakout and traders can continue long positions until 9965 holds for Nifty with targets of 10050-10085-10115-10200 and exactly same happened. Indian Stock Market moved sharply positive and achieved EquityPandit’s predicted targets of 10085 for Nifty. Traders, who followed EquityPandit’s advice might have earned whopping profits for the day. Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market to open flat. Technically, Indian Stock Market is still in positive zone. Retail Inflation (CPI) in August has grown to 3.36% which is still below the RBI’s medium term target of 4% leaving further room for Rate cut. Traders can continue to hold long positions in the market until Nifty holds 9987 levels on closing basis. Some Profit booking may be seen but every dip would be an opportunity for traders to go long in the market. Nifty ready to see next targets of 10115-10138-10200 in upcoming days.

FIIs were net sellers of Rs.1230.74 crores whereas DIIs were net buyers of Rs.1313.08 crores in cash market for last trading session. Nifty would see strong support at 10050-10020-9987-9965 whereas strong resistance would be seen at 10115-10138-10150-10200 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: DHFL, IBREALEST and JPASSOCIAT

NSE Nifty: (10093) The support for the Nifty is 10050-10020-9987-9965 and the resistance to the up move is at 10115-10138-10150-10200 levels.

NSE BankNifty: (24784) The support for BankNifty is at 24618-24500-24465 and the resistance to the up move is at 24860-24980-25032-25080 levels.

BSE Sensex: (32159) The support for the Sensex is at 32082-32038-31950-31865 and the resistance to the up move is at 32240-32322-32380-32450 levels.

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

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MCX Tips for – September 12, 2017

Gold (29933): Gold has entered into negative zone and traders can hold short positions until Gold closes above 30353 levels. Traders can initiate short positions on every rise until Gold closes above 30353 levels.

Silver (41164):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 41035  levels.

Crude (3073): 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 3122 levels.

Natural Gas (189.10): NG Future is trading into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG Future closes above 192.50 levels.

Copper (435.15): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes  above 441.45.

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 201.30 levels.

Lead (144.50): 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 147.50 levels.

Nickel (753.30):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 767.60 levels.

Aluminium (134.50):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 135.55 levels.

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

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

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Share Market Tips for – Tuesday, September 12, 2017

equitypandit_square

Nifty Saw Fresh Breakout, Continue Long Positions Until 9965 Holds

 

Last Trading Session: Indian Stock Market opened positive as per EquityPandit’s predictions. EquityPandit predicted that Nifty is forming Ascending Triangle Pattern and would see breakout once it closes above 9988 levels and exactly same happened. Indian Stock Market moved sharply positive. Nifty managed to close above 10000 levels for the day and Finally, Indian Stock Market closed gap positive for the day.

Today: Indian Stock Market to open flat with positive bias. Technically, Indian Stock Market is still in positive zone. Nifty has seen a fresh breakout from Ascending Triangle pattern and now its next logical targets are 10050-10085-10115-10200 in upcoming days. Global worries eased as no fresh missile test was seen by North Korea that was expected last weekend and also Hurricane Irma has gradually lost strength and damage from the Hurricane didn’t appear to be as bad as expected by National Hurricane Center. Both these news would give relief to global markets and fresh highs would be seen in Indian Stock Market in upcoming days. Traders can continue to hold long positions as suggested by EquityPandit. India IIP and CPI Inflation would be disclosed today after market hours.

FIIs were net sellers of Rs.392.52 crores whereas DIIs were net buyers of Rs.877.37 crores in cash market for last trading session. Nifty would see strong support at 9965-9912-9880 whereas strong resistance would be seen at 10050-10065-10088-10115 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Check the Trend Of Major Indices and Stocks

Stocks In F&O Ban Period: DHFL, IBREALEST, JPASSOCIAT, JSWENERGY and JUSTDIAL.

NSE Nifty: (10006) The support for the Nifty is 9965-9912-9880 and the resistance to the up move is at 10050-10065-10088-10115 levels.

NSE BankNifty: (24672) The support for BankNifty is at 24618-24500-24465 and the resistance to the up move is at 24860-24980-25032-25080 levels.

BSE Sensex: (31882) The support for the Sensex is at 31865-31800-31618 and the resistance to the up move is at 32091-32134-32240-32322 levels.

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10 Analyst Portfolio Stocks For Wealth Creation

Here are Top 10 Stocks from Analysts Portfolio that would create wealth for investors in next few months.

Godrej Industries

Sector: Personal Care

CMP: 632

Target: 730-850

Investment Time Frame: 4-6 Months

The company is one of the Godrej Group’s holding companies. The company has significant interest in Consumer Goods, Real Estate, Agriculture and Gourmet Retail through its subsidiary and associate companies having presence across 18 countries.

NBCC

Sector: Infrastructure

CMP: 209

Target: 240-260

Investment Time Frame: 4-6 Months

NBCC is a Navratna CPSE. The company has Landmark Projects execution as Project Management Consultancy services. PMC contributes to about 80 – 85% of its annual revenue. The company also focuses on Re-development as a new sector with unique financial modalities.

IDFC

Sector: Finance-Infrastructure

CMP: 59

Target: 70-80

Investment Time Frame: 4-6 Months

IDFC Limited (IDFC) is provider of financial, advisory and management services in the infrastructure space. The Company also has interests in Asset Management, Investment Banking and Brokerage.

BEL

Sector: Defence

CMP: 188

Target: 230-250

Investment Time Frame: 4-6 Months

The company is the prominent player in defence and it the Government of India Undertaking company. The company has more than Rs. 40000 crores of order book. The company has received order worth Rs. 16300 crores during the year 2016 – 2017.

REPCOHOME

Sector: Finance-Housing

CMP: 666

Target: 740-800

Investment Time Frame: 4-6 Months

The company is a professionally managed housing finance company head quartered in Chennai. The company is operating through 120 branches and 31 satellite centres in Tamil Nadu, Andhra Pradesh and many other states.

SOBHA DEV

Sector: Real Estate

CMP: 410

Target: 460-500

Investment Time Frame: 4-6 Months

Sobha is the only company having backward integration model for quality control. The company has completed more than 86.73 mn sqft of area since inception. The company has delivered on an average 7 mn sqft for the past 5 years.

NAVIN FLOURO

Sector: Chemicals

CMP: 667

Target: 800-1000

Investment Time Frame: 4-6 Months

The company is the largest integrated specially Fluorochemical Company in India. The company has the manufacturing plants strategically located close to major ports. More than 45 years of expertise in handling Fluorine.

ENDURANCE

Sector: Automobile

CMP: 1000

Target: 1100-1200

Investment Time Frame: 4-6 Months

The company is one of the India’s leading automotive component manufacturing company. Products include Raw and machined aluminium castings such as High & Low Pressure Die castings, Aluminium alloy wheels, Suspension products, Transmission products and Brake systems.

RECLTD

Sector: Finance-Term Lending Institution

CMP: 163

Target: 200-225

Investment Time Frame: 4-6 Months

The company is a one of the Navratna PSU. The company has the strong fundaments and profitable business. It’s a Nodal agency for major Govt. Of India’s power sector programmes. The company has highest domestic rating of “AAA” on par with sovereign ratings of India.

ONGC

Sector: Oil Drilling and Exploration

CMP: 162

Target: 190-220

Investment Time Frame: 4-6 Months

The company is one of the Navratna PSU. The company has 23 Oil & Gas discoveries (4 in NELP Blocks). 8 out of 13 onshore discoveries monetized during FY’17 itself. The company has the ultimate reserve of 3.4 MM ton and production potential of 0.218 MM ton/year

Share Market Tips for – Monday, September 11, 2017

equitypandit_square

Nifty Forming Ascending Triangle Pattern, Rangebound Until Breaks 9858-9988 Range

 

Last Trading Session: Indian Stock Market opened gap positive. Indian Stock Market moved positive but saw strong resistance right at EquityPandit’s predicted resistance levels of 9965 like a dot. Finally, Indian Stock Market fell down sharply to close flat for the day.

Today: Indian Stock Market to open positive. Technically, Indian Stock Market is still in positive zone. Nifty is forming Ascending Triangle pattern that suggest that Market would see sharp breakout if Nifty managed to close above 9988 levels and a sharp breakdown would be seen below 9858 closing levels for Nifty on spot basis. Until then Market would continue to remain rangebound. Traders can go long at dips and book profits at positive rally until Nifty closes out of this range. Market would enter into negative zone only if it closes below 9858 levels for Nifty and 24161 levels for BankNifty and until then every dip would be an opportunity for traders to go long in the market. Closing above 9988 levels for Nifty would infuse fresh buying in the market. IIP and CPI data that would be disclosed on Tuesday after market hours would affect Indian Stock Market direction.

EP-Nifty analysis

FIIs were net sellers of Rs.256.42 crores whereas DIIs were net buyers of Rs.487.97 crores in cash market for last trading session. Nifty would see strong support at 9880-9858-9825-9785 whereas strong resistance would be seen at 9950-9965-10005-10088 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: DHFL, IBREALEST, JSWENERGY and JUSTDIAL.

NSE Nifty: (9935) The support for the Nifty is 9880-9858-9825-9785 and the resistance to the up move is at 9950-9965-10005-10088 levels.

NSE BankNifty: (24371) The support for BankNifty is at 24260-24170-24066-23935 and the resistance to the up move is at 24420-24460-24535-24625 levels.

BSE Sensex: (31688) The support for the Sensex is at 31618-31524-31470 and the resistance to the up move is at 31756-31810-31860-31938 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.

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Colgate Palmolive Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week  (Sep 11, 2017 – Sep 15, 2017) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on positive note gaining around 2.10%.

As we have mentioned last week that minor support for the stock lies in the zone of 1100 to 1110. 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. During the week the stock manages to hit a low of 1105 and close the week around the levels of 1159.

Support for the stock lies in the zone of 1130 to 1135 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1080 to 1090 where Fibonacci level and short term moving average are lying.

The stock is trading at life time highs so virtually so no resistance exist. Resistance for the stock lies in the zone of 1155 to 1165. If the stock manages to close above these levels then the stock can move to the levels of 1180 to 1200.

Broad range for the stock is seen between 1010 to 1020 on downside & 1200 to 1210 on upside.

Dabur Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for DABUR for the week  (Sep 11, 2017 – Sep 15, 2017) :

DABUR:

 

DABUR

 

Dabur closed the week on negative note losing around 1.80%.

As we have mentioned last week, that resistance for the stock lies in the zone of 314 to 316 from where the stock broke down after consolidation and Fibonacci levels are lying. 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. During the week the stock manages to hit a high of 314 and close the week around the levels of 307.

Support for the stock lies in the zone of 300 to 305 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 309 to 311. Resistance for the stock lies in the zone of 314 to 316 from where the stock broke down after consolidation and Fibonacci levels are lying. 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 & 320 to 322 on upside.

Hindustan Unilever Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week  (Sep 11, 2017 – Sep 15, 2017) :

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on negative note losing around 1.10%.

As we have mentioned last week, that resistance for the stock lies in the zone of 1220 to 1225. If the stock manages to close above these levels then the stock can move to the levels of 1250 to 1260. During the week the stock manages to hit a high of 1222 and close the week around the levels of 1208.

Support for the stock lies in the zone of 1200 to 1210 from where the stock broke out of double top pattern. If the stock manages to close below these levels then the stock can drift to the levels of 1150 to 1160 where short term moving averages for the stock is lying.

Resistance for the stock lies in the zone of 1220 to 1225. 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 1180 to 1190 on downside & 1250 to 1260 on upside.

ITC Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for ITC for the week  (Sep 11, 2017 – Sep 15, 2017) :

ITC:

 

ITC

 

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

As we have mentioned last week, that support for the stock lies in the zone of 280 to 282 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 272 to 274 where 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 272.

Support for the stock lies in the zone of 268 to 270 where the stock has formed a bottom in the month of August-2017. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 262.

Resistance for the stock lies in the zone of 275 to 277 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 281 to 283.

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 (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for Cipla for the week  (Sep 11, 2017 – Sep 15, 2017) :

CIPLA:

 

CIPLA

 

CIPLA closed the week on negative note losing around 3.00%.

As we have mentioned last week, that 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. During the week the stock manages to hit a high of 577 and close the week around the levels of 552.

Support for the stock lies in the zone of 545 to 550 where the stock has taken multiple support. 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 558 to 562 where medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 575 to 580 where the stock has formed a short term top.

Broad range for the stock is seen in the range of 530 – 535 on downside & 575 – 580 on upside.

Dr. Reddy Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (Sep 11, 2017 – Sep 15, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 2.50%.

As we have mentioned last week, that 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 and short term moving averages are lying. During the week the stock manages to hit a high of 2236 and close the week around the levels of 2162.

Minor support for the stock lies in the zone of 2100 to 2150. Support for the stock lies in the zone of 2000 to 2030 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 1900 to 1930 where long term Fibonacci levels are lying.

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 and short term moving averages are lying.

Broad range for the stock is seen from 2000 – 2050 on downside & 2350 – 2400 on upside.

Lupin Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for Lupin for the week  (Sep 11, 2017 – Sep 15, 2017) :

LUPIN:

 

LUPIN

 

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

As we have mentioned last week, that 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. During the week the stock manages to hit a high of 1006 and close the week around the levels of 970.

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.

Minor resistance for the stock lies in the zone of 985 to 990. 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 930 – 940 on downside & 1000 – 1010 on upside.

Sun Pharma Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for Sun Pharma for the week  (Sep 11, 2017 – Sep 15, 2017) :

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on negative note losing around 3.20%.

As we have mentioned last week, that 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. During the week the stock manages to hit a high of 510 and close the week around the levels of 471.

The stock has broken down from all major support zones on long term charts. Support for the stock lies in the zone of 455 to 460. 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 485 to 490 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 & 485 – 490 on upper side.

Wipro Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for Wipro for the week  (Sep 11, 2017 – Sep 15, 2017) :

WIPRO:

 

WIPRO

 

Wipro 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 294 to 296 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 284 to 286 from where the stock broke out of June-2017 highs. 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 294 to 296 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 284 to 286 from where the stock broke out of June-2017 highs.

Resistance for the stock lies in the zone of 300 to 302. If the stock manages to close above these levels then the stock can move to the levels of 308 to 310 where long term Fibonacci levels are lying.

Broad range for the stock in the coming week is seen between 288 to 290 on downside & 308 to 310 on upside.

HCL Tech Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for HCL Tech for the week  (Sep 11, 2017 – Sep 15, 2017) :

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on negative note losing around 0.70%.

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 846 and close the week around the levels of 860.

Support for the stock lies in the zone of 855 to 860 where break out levels, 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 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 870 to 880. 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 (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for TCS for the week  (Sep 11, 2017 – Sep 15, 2017)  :

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS 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 2430 to 2440 where short and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2370 to 2400 where trend-line support and 200 moving averages are lying. During the week the stock manages to hit a low of 2437 and close the week around the levels of 2470.

Support for the stock lies in the zone of 2430 to 2440 where short and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2370 to 2400 where trend-line support and 200 moving averages are lying.

Minor resistance for the stock lies in the zone of 2480 to 2500. Resistance for the stock lies in the zone of 2550 to 2580 where the stock has formed a top in the month of July-2017 and August-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 2350 to 2380 on downside & 2550 to 2580 on upside.

Infosys Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for Infosys for the week  (Sep 11, 2017 – Sep 15, 2017) :

INFOSYS:

 

INFY

 

INFY closed the week on negative note losing around 3.90%.

As we have mentioned last week, that resistance for the stock lies in the zone of 920 to 930 from where the stock has broken down from the trend-line 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. During the week the stock manages to hit a high of 921 and close the week around the levels of 884.

Minor support for the stock lies in the zone of 870 to 875. Support for the stock lies in the zone of 855 to 860 where the stock has form a bottom in the month of August-2017. 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.

Minor resistance for the stock lies in the zone of 890 to 900. Resistance for the stock lies in the zone of 920 to 930 from where the stock has broken down from the trend-line 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 850 to 860 on downside & 930 to 940 on upside.

SBI Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for SBI for the week  (Sep 11, 2017 – Sep 15, 2017) :

STATE BANK OF INDIA:

 

SBIN

 

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

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 272.

Support for the stock lies in the zone of 268 to 270 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 260 to 262 from where the stock has broken out.

Resistance for the stock lies in the zone of 276 to 278 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 286 to 288 where Fibonacci levels and short & medium term moving averages are lying.

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 (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (Sep 11, 2017 – Sep 15, 2017) :

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 2.70%.

As we have mentioned last week, that minor support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 491 and close the week around the levels of 494.

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.

Minor resistance for the stock lies in the zone of 498 to 500. Resistance for the stock lies in the zone of 505 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 480– 482 on lower side & 510 – 515 on upper side.

ICICI Bank Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for ICICI Bank for the week  (Sep 11, 2017 – Sep 15, 2017) :

ICICI BANK:

 

ICICIBANK

 

ICICI Bank 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 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. During the week the stock manages to hit a high of 300 and close the week around the levels of 292.

Support for the stock lies in the zone of 287 to 289 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 280 to 282 where Fibonacci levels are lying.

Minor resistance for the stock lies in the zone of 295 to 297. Resistance for the stock lies in the zone of 300 to 302 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 280 – 282 on lower side & 300 – 302 on upper side.

HDFC Bank Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for HDFC Bank for the week  (Sep 11, 2017 – Sep 15, 2017) :

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on positive note gaining around 1.00%.

As we have mentioned last week that minor support for the stock lies in the zone of 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 1738 and close the week around the levels of 1788.

Minor support for the stock lies in the zone of 1765 to 1770. Support for the stock lies in the zone of 1735 to 1740 where the stock has taken multiple support. If the stock manages to close below these levels then the stock can drift to the levels of around 1710 to 1720 from where the stock broke out of June-2017 highs.

Resistance for the stock lies in the zone of 1810 to 1820 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 1750 to 1760 on lower side & 1820 to 1830 on upper side.

Nifty Media Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for NIFTY MEDIA for the week  (Sep 11, 2017 – Sep 15, 2017) :

NIFTY MEDIA:

 

NIFTYMEDIA

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 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. During the week the index manages to hit a high of 3086 and close the week around the levels of 3040.

Minor support for the index lies in the zone of 3000 to 3020. 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 3070 to 3090 where medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3130 to 3150 where Fibonacci levels are lying.

Broad range for the index is seen between 2900 to 2930 on downside & 3130 to 3150 on upside.

Nifty Realty Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for NIFTY REALTY for the week  (Sep 11, 2017 – Sep 15, 2017) :

NIFTY REALTY:

 

NIFTYREALT

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 290 to 292 where long term Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 310 to 312 from where the index has sold off in the month of Jan-2013. During the week the index manages to hit a high of 292 and close the week around the levels of 285.

Minor support for the index lies in the zone of 284 to 286. Support for the index lies in the zone of 278 to 280 from where the index broke out after consolidation. If the index manages to close below these levels then the index can drift to the levels of 268 to 270 where medium term moving averages are lying.

Minor resistance for the index lies in the zone of 287 to 288. Resistance for the index lies in the zone of 290 to 292 where long term Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 310 to 312 from where the index has sold off in the month of Jan-2013.

Broad range for the index is seen between 275 to 277 on downside & 295 to 297 on upside.

Nifty PSU Bank Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Sep 11, 2017 – Sep 15, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

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

As we have mentioned last week, that support for the index lies in the zone of 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 3212 and close the week around the levels of 3220.

Support for the index lies in the zone of 3170 to 3200 where the index has taken support in the month of March-2017 & June-2017 and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3030 to 3080.

Minor resistance for the index lies in the zone of 3250 to 3280. 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 3450 to 3500 where Fibonacci levels and short & medium term moving averages are lying.

Broad range for the index is seen between 3070 to 3100 on downside & 3350 to 3380 on upside.

Nifty Metal Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for NIFTY METAL for the week  (Sep 11, 2017 – Sep 15, 2017) :

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that support for the index lies in the zone of 3450 to 3460 from where the index has broken out of double top pattern. If the index manages to close below these levels then the index can drift to the levels of 3320 to 3350 where the index has taken multiple support. During the week the index manages to hit a low of 3486 and close the week around the levels of 3653.

Support for the index lies in the zone of 3550 to 3600 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3450 to 3500 from where the index broke out of double top pattern.

Resistance for the index lies in the zone of 3650 to 3700 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 3750 to 3770.

Broad range for the index is seen between 3450 to 3500 on downside & 3750 to 3800 on upside.

Nifty Energy Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (Sep 11, 2017 – Sep 15, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

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

As we have mentioned last week that minor support for the index lies in the zone of 13000 to 13050. 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 13046 and close the week around the levels of 13153.

Minor support for the index lies in the zone of 13000 to 13050. 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 Fibonacci levels & medium term moving averages are lying.

Resistance for the index lies in the zone of 13300 to 13400 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 13500 to 13600.

Broad range for the index is seen between 12800 to 12900 on downside & 13500 to 13600 on upside.

Nifty Auto Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (Sep 11, 2017 – Sep 15, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 10700 to 10750. 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. During the week the index manages to hit a low of 10687 and close the week around the levels of 10779.

Minor support for the index lies in the zone of 10700 to 10750. 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 10500 to 10600 on downside & 11200 to 11300 on upside.

Nifty Pharma Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for NIFTY Pharma for the week  (Sep 11, 2017 – Sep 15, 2017) :

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 8950 to 9000. Support for the index lies in the zone of 8750 to 8800 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 8500 to 8550. During the week the index manages to hit a low of 8793 and close the week around the levels of 8840.

Support for the index lies in the zone of 8750 to 8800 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 8500 to 8550.

Minor resistance for the index lies in the zone of 8950 to 9000. Resistance for the index lies in the zone of 9200 to 9250 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 9300 to 9350 where short term moving averages are lying.

Broad range for the index is seen from 8600 to 8650 on downside & 9100 to 9150 on upside.

Nifty FMCG Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (Sep 11, 2017 – Sep 15, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 25700 to 25800. Support for the index lies in the zone of 25400 to 25500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 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 25276 and close the week around the levels of 25409.

Support for the index lies in the zone of 25000 to 25200 where medium term moving averages and break out 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 are lying.

Minor resistance for the index lies in the zone of 25550 to 25650. Resistance for the index lies in the zone of 26000 to 26100 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 24600 to 24700 on downside & 26200 to 26300 on upside.

Nifty IT Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for NIFTY IT for the week  ( Sep 11, 2017 – Sep 15, 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 10388 and close the week around the levels of 10454.

Support for the index lies in the zone of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10100 where Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 10500 to 10550. Resistance for the index lies in the zone of 10700 to 10800 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 11000 to 11050 where the index has formed a top in the month of June-2017.

Broad range for the index in the coming week is seen from 10000 to 10100 on downside & 10800 to 10900 on upside.

Nifty Bank Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Sep 11, 2017 – Sep 15, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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

As we have mentioned, last week that resistance for the index lies in the zone of 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 25100 to 25200 where the index has formed a top in the month of August-2017. During the week the index manages to hit a high of 24459 and close the week around the levels of 24354.

Minor support for the index lies in the zone of 24200 to 24300. Support for the index lies in the zone of 23800 to 23900 from where the index broke out of June-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 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 25100 to 25200 where the index has formed a top in the month of August-2017.

Range for the week is seen from 23700 to 23800 on downside & 24800 to 25000 on upside.

Nifty Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

Equityandit’s Outlook for Nifty for week (Sep 11, 2017 – Sep 15, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 9950 to 10000 from where the index has broken 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 in the month of August-2017. During the week the index manages to hit a high of 9988 and close the week around the levels of 9935.

Minor support for the index lies in the zone of 9880 to 9910. Support for the index lies in the zone of 9830 to 9850 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 has broken 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 in the month of August-2017.

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

MCX Tips for – September 08, 2017

Gold (30282): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 29898 levels. Traders can initiate long positions on every dip until Gold Future closes below 29898 levels.

Silver (41617):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 40859  levels.

Crude (3143): 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 3076 levels.

Natural Gas (191.40): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG Future closes below 189.85 levels.

Copper (446.05): 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 440.45.

Zinc (200.60): Zinc is trading into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc is trading below 202.90 levels.

Lead (149.10): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 151.60 levels.

Nickel (778.70):  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 760.60 levels.

Aluminium (134.45):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 135.55 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

MCX Tips for – September 07, 2017

Gold (30075): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 29839 levels. Traders can initiate long positions on every dip until Gold Future closes below 29839 levels.

Silver (41323):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 40763  levels.

Crude (3155): 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 3076 levels.

Natural Gas (193.00): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG Future closes below 189.85 levels.

Copper (447.75): 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 440.45.

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 203.05 levels.

Lead (149.85): 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 152.20 levels.

Nickel (782.40):  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 759.60 levels.

Aluminium (134.65):  Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 135.55 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

MCX Tips for – September 06, 2017

Gold (30223): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 29839 levels. Traders can initiate long positions on every dip until Gold Future closes below 29839 levels.

Silver (40372):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 39982  levels.

Crude (3122): 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 3018 levels.

Natural Gas (191.40): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG Future closes below 189.85 levels.

Copper (445.00): 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 440.45.

Zinc (199.05): Zinc has entered into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc is trading below 205.80 levels.

Lead (148.70): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 152.75 levels.

Nickel (768.20):  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 760.50 levels.

Aluminium (133.35):  Aluminium has entered into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 136.10 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

MCX Tips for – September 05, 2017

Gold (30105): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 29839 levels. Traders can initiate long positions on every dip until Gold Future closes below 29839 levels.

Silver (40639):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 39982  levels.

Crude (3049): 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 2965 levels.

Natural Gas (193.20): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG Future closes below 189.85 levels.

Copper (448.25): 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 439.30.

Zinc (205.35): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc is trading above 200.90 levels.

Lead (152.40): 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 152.75 levels.

Nickel (785.10):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 760.50 levels.

Aluminium (135.00):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 133.70 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

MCX Tips for – September 04, 2017

Gold (29823): Gold Future is trading into positive zone and traders can hold long positions until Gold Future closes below 29506 levels. Traders can initiate long positions on every dip until Gold Future closes below 29506 levels.

Silver (40021):  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 (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 3049 levels.

Natural Gas (196.90): 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 189.85 levels.

Copper (441.95): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes  below 434.10.

Zinc (204.80): Zinc has entered into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc is trading above 198.90 levels.

Lead (152.65): 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 152.75 levels.

Nickel (773.80):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 745.00 levels.

Aluminium (136.05):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 133.70 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Colgate Palmolive Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for Colgate Palmolive for the week  (Sep 04, 2017 – Sep 08, 2017) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on positive note gaining around 2.80%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 1133 and close the week around the levels of 1124.

Minor support for the stock lies in the zone of 1100 to 1100. 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.

Resistance for the stock lies in the zone of 1130 to 1140 where 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 1080 to 1090 on downside & 1150 to 1160 on upside.

Dabur Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for DABUR for the week  (Sep 04, 2017 – Sep 08, 2017) :

DABUR:

 

DABUR

 

Dabur closed the week on positive note gaining around 4.50%.

As we have mentioned last week, that 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. During the week the stock manages to hit a low of 301 and close the week around the levels of 313.

Minor support for the stock lies in the zone of 308 to 310. Support for the stock lies in the zone of 300 to 303 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.

Resistance for the stock lies in the zone of 314 to 316 from where the stock broke down after consolidation and Fibonacci levels are lying. 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 300 to 302 on downside & 322 to 325 on upside.

Hindustan Unilever Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for Hindustan Unilever for the week  (Sep 04, 2017 – Sep 08, 2017) :

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

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

As we have mentioned last week, that minor support for 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. During the week the stock manages to hit a low of 1179 and close the week around the levels of 1216.

Support for the stock lies in the zone of 1200 to 1210 from where the stock broke out of double top pattern. If the stock manages to close below these levels then the stock can drift to the levels of 1150 to 1160 where short term moving averages for the stock is lying.

Resistance for the stock lies in the zone of 1220 to 1225. 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 1180 to 1190 on downside & 1250 to 1260 on upside.

ITC Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for ITC for the week  (Sep 04, 2017 – Sep 08, 2017) :

ITC:

 

ITC

 

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

As we have mentioned last week, that minor support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 279 and close the week around the levels of 284.

Support for the stock lies in the zone of 280 to 282 where Fibonacci level is lying. If the stock manages to close below these levels then the stock can drift to the levels of 272 to 274 where 200 daily moving averages are lying.

Resistance for the stock lies in the zone of 285 to 287. 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 274 to 276 on downside & 293 to 295 on upside.

Cipla Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for Cipla for the week  (Sep 04, 2017 – Sep 08, 2017) :

CIPLA:

 

CIPLA

 

CIPLA 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 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. During the week the stock manages to hit a low of 562 and close the week around the levels of 568.

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 540 – 545 on downside & 595 – 600 on upside.

Dr. Reddy Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (Sep 04, 2017 – Sep 08, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 6.20%.

As we have mentioned last week, that 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 2233 and close the week around the levels of 2218.

Minor support for the stock lies in the zone of 2100 to 2150. Support for the stock lies in the zone of 2000 to 2030 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 1900 to 1930 where long term Fibonacci levels are lying.

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 and short term moving averages are lying.

Broad range for the stock is seen from 2000 – 2050 on downside & 2350 – 2400 on upside.

Lupin Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for Lupin for the week  (Sep 04, 2017 – Sep 08, 2017) :

LUPIN:

 

LUPIN

 

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

As we have mentioned last week, that minor support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 975 and close the week around the levels of 996.

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 (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for Sun Pharma for the week  (Sep 04, 2017 – Sep 08, 2017) :

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA 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 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. During the week the stock manages to hit a low of 477 and close the week around the levels of 486.

Minor support for the stock lies in the zone of 474 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 460 – 465 on lower side & 505 – 510 on upper side.

Wipro Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for Wipro for the week  (Sep 04, 2017 – Sep 08, 2017) :

WIPRO:

 

WIPRO

 

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

As we have mentioned last week, that resistance for the stock lies in the zone of 288 to 290. If the stock manages to close above these levels then the stock can move to the levels of 294 to 296 where long term Fibonacci levels are lying. During the week the stock manages to hit a high of 300 and close the week around the levels of 296.

Support for the stock lies in the zone of 294 to 296 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 284 to 286 from where the stock broke out of June-2017 highs.

Resistance for the stock lies in the zone of 300 to 302. If the stock manages to close above these levels then the stock can move to the levels of 308 to 310 where long term Fibonacci levels are lying.

Broad range for the stock in the coming week is seen between 288 to 290 on downside & 305 to 308 on upside.

HCL Tech Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for HCL Tech for the week  (Sep 04, 2017 – Sep 08, 2017) :

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on negative note losing around 0.20%.

As we have mentioned last week that 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. During the week the stock manages to hit a high of 885 and close the week around the levels of 866.

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 (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for TCS for the week  (Sep 04, 2017 – Sep 08, 2017)  :

TATA CONSULTANCY SERVICES:

 

TCS

 

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

As we have mentioned last week, that minor support for the stock lies in the zone of 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 2436 and close the week around the levels of 2456.

Support for the stock lies in the zone of 2430 to 2440 where short and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2370 to 2400 where trend-line support and 200 moving averages are lying.

Minor resistance for the stock lies in the zone of 2480 to 2500. Resistance for the stock lies in the zone of 2550 to 2580 where the stock has formed a top in the month of July-2017 and August-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 2350 to 2380 on downside & 2550 to 2580 on upside.

Infosys Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for Infosys for the week  (Sep 04, 2017 – Sep 08, 2017) :

INFOSYS:

 

INFY

 

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

As we have mentioned last week, that resistance for the stock lies in the zone of 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. During the week the stock manages to hit a high of 954 and close the week around the levels of 920.

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 920 to 930 from where the stock has broken down from the trend-line 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 & 960 to 970 on upside.

SBI Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for SBI for the week  (Sep 04, 2017 – Sep 08, 2017) :

STATE BANK OF INDIA:

 

SBIN

 

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

As we have mentioned last week that support for the stock lies in the zone of 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 278.

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 (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for Axis Bank for the week  (Sep 04, 2017 – Sep 08, 2017) :

AXIS BANK:

 

AXISBANK

 

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

As we have mentioned last week, that minor support for the stock lies in the zone of 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. During the week the stock manages to hit a low of 498 and close the week around the levels of 508.

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 & 520 – 525 on upper side.

ICICI Bank Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for ICICI Bank for the week  (Sep 04, 2017 – Sep 08, 2017) :

ICICI BANK:

 

ICICIBANK

 

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

As we have mentioned last week, that 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. During the week the stock manages to hit a high of 303 and close the week around the levels of 298.

Minor support for the stock lies in the zone of 294 to 296. Support for the stock lies in the zone of 284 to 286 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 (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for HDFC Bank for the week  (Sep 04, 2017 – Sep 08, 2017) :

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on positive note gaining around 0.30%.

As we have mentioned last week that minor support for the stock lies in the zone of 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 1738 and close the week around the levels of 1768.

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 1730 to 1740 on lower side & 1800 to 1810 on upper side.

Nifty Media Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for NIFTY MEDIA for the week  (Sep 04, 2017 – Sep 08, 2017) :

NIFTY MEDIA:

 

NIFTYMEDIA

 

Nifty Media index closed the week on positive note gaining around 3.30%.

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 2929 and close the week around the levels of 3027,

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 2900 to 2930 on downside & 3130 to 3150 on upside.

Nifty Realty Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for NIFTY REALTY for the week  (Sep 04, 2017 – Sep 08, 2017) :

NIFTY REALTY:

 

NIFTYREALT

 

Nifty REALTY index closed the week on positive note gaining around 5.10%.

As we have mentioned last week, that 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. During the week the index manages to hit a high of 289 and close the week around the levels of 288.

Minor support for the index lies in the zone of 284 to 286. Support for the index lies in the zone of 278 to 280 from where the index broke out after consolidation. If the index manages to close below these levels then the index can drift to the levels of 270 to 272 where short term moving averages are lying.

Resistance for the index lies in the zone of 290 to 292 where long term Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 310 to 312 from where the index has sold off in the month of Jan-2013.

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

Nifty PSU Bank Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Sep 04, 2017 – Sep 08, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

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

As we have mentioned last week, that 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. During the week the index manages to hit a high of 3347 and close the week around the levels of 3296.

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 3450 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 (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for NIFTY METAL for the week  (Sep 04, 2017 – Sep 08, 2017) :

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on positive note gaining around 3.80%.

As we have mentioned last week, that 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. During the week the index manages to hit a high of 3545 and close the week around the levels of 3542.

Support for the index lies in the zone of 3450 to 3460 from where the index has broken out of double top pattern. If the index manages to close below these levels then the index can drift to the levels of 3320 to 3350 where the index has taken multiple support.

Resistance for the index lies in the zone of 3520 to 3550 where the index has formed a life time high. If the index manages to close above these levels then the index can move to the levels of 3600 to 3650.

Broad range for the index is seen between 3320 to 3380 on downside & 3650 to 3700 on upside.

Nifty Energy Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (Sep 04, 2017 – Sep 08, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 2.20%.

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 12726 and close the week around the levels of 13219.

Minor support for the index lies in the zone of 13000 to 13050. 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.

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 12800 to 12900 on downside & 13500 to 13600 on upside.

Nifty Auto Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for NIFTY Auto for the week  (Sep 04, 2017 – Sep 08, 2017) :

NIFTY AUTO:

 

NIFTYAUTO

 

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

As we have mentioned last week, that support for the index lies in the zone of 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. During the week the index manages to hit a low of 10486 and close the week around the levels of 10824.

Minor support for the index lies in the zone of 10700 to 10750. 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 10500 to 10600 on downside & 11200 to 11300 on upside.

Nifty Pharma Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for NIFTY Pharma for the week  (Sep 04, 2017 – Sep 08, 2017) :

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that minor 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. During the week the index manages to hit a low of 8841 and close the week around the levels of 9072.

Minor support for the index lies in the zone of 8950 to 9000. Support for the index lies in the zone of 8750 to 8800 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 8500 to 8550.

Minor resistance for the index lies in the zone of 9100 to 9150. Resistance for the index lies in the zone of 9200 to 9250 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 9350 to 9400 where short term moving averages are lying.

Broad range for the index is seen from 8800 to 8850 on downside & 9300 to 9350 on upside.

Nifty FMCG Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for NIFTY FMCG for the week  (Sep 04, 2017 – Sep 08, 2017) :  

NIFTY FMCG:

 

NIFTYFMCG

 

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

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 25445 and close the week around the levels of 25907.

Minor support for the index lies in the zone of 25700 to 25800. Support for the index lies in the zone of 25400 to 25500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 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 24900 to 25000 on downside & 26800 to 26900 on upside.

Nifty IT Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for NIFTY IT for the week  ( Sep 04, 2017 – Sep 08, 2017) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 0.10%.

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 10453 and close the week around the levels of 10514.

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 (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Sep 04, 2017 – Sep 08, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on positive note gaining around 0.70%.

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 24103 and close the week around the levels of 24434.

Minor support for the index lies in the zone of 24200 to 24300. Support for the index lies in the zone of 23800 to 23900 from where the index broke out of June-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 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 25100 to 25200 where the index has formed a top in the month of August-2017.

Range for the week is seen from 24000 to 24100 on downside & 25000 to 25100 on upside.

Nifty Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

Equityandit’s Outlook for Nifty for week (Sep 04, 2017 – Sep 08, 2017):

NIFTY:

 

NIFTY

 

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

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 9550 to 9600 where medium term moving averages are lying. During the week the index manages to hit a low of 9784 and close the week around the levels of 9975.

Minor support for the index lies in the zone of 9880 to 9910. Support for the index lies in the zone of 9800 to 9830 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 has broken 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 in the month of August-2017.

Broad range for the week is seen from 9800 on downside & 10200 on upside.

MCX Tips for – September 01, 2017

Gold (29745): 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 (39798):  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 (3038): 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 (194.80): NG Future is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG Future closes below 185.75 levels.

Copper (434.55): 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 429.55.

Zinc (200.95): Zinc is trading into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc is trading below 201.95 levels.

Lead (151.90): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead is trading below 152.75 levels.

Nickel (743.70):  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 727.15 levels.

Aluminium (135.30):  Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 132.25 levels.

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

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Share Market Tips for – Friday, September 01, 2017

equitypandit_square

Initiate Fresh Long Positions If Nifty Closes Above 9931 Levels

 

Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that market would remain rangebound until Nifty closes out of 9750-9931 range. Indian Stock Market moved sharply negative after opening. Nifty saw strong support near EquityPandit’s predicted support levels of 9850. Market recovered from day lows and saw intraday highs right at EquityPandit’s predicted resistance levels of 31756 for Sensex like a dot. Finally, Indian Stock Market closed positive for the day.

Today: Indian Stock Market to open flat. Technically, Nifty is in negative zone but BankNifty is still in positive zone. Nifty would enter into positive zone only if it closes above 9931 levels. Indian Market may see some pressure as GDP numbers disclosed yesterday after market hours were way below street expectations but breaching 9931-9950 zone on upside would force Nifty to confirm bullish breakout from the Symmetrical Triangle pattern which would infuse fresh buying in the market and would force market to breach 10000 levels again in days to come. Traders can go long if Nifty manages to close above 9931 levels as it would force market to see new lifetime highs in upcoming days.

FIIs were net buyers of Rs.77.58 crores whereas DIIs were net buyers of Rs.509.71 crores in cash market for last trading session. Nifty would see strong support at 9885-9850-9825-9785 whereas strong resistance would be seen at 9931-9950-9965-10005 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: JSWENERGY.

NSE Nifty: (9918) The support for the Nifty is 9885-9850-9825-9785 and the resistance to the up move is at 9931-9950-9965-10005 levels.

NSE BankNifty: (24318) 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: (31730) The support for the Sensex is at 316505-31524-31470 and the resistance to the up move is at 31756-31810-31860-31938 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.

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