All posts by EquityPandit

MCX Tips for – August 17, 2018

Gold (29330): Gold has entered into negative zone and traders can go short at every rise or hold short positions until Gold closes above  29684  levels.

Silver (36889):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 37501  levels.

Crude (4583): Crude is trading into negative zone and traders can go short at every rise or hold short positions until Crude closes above 4725  levels.

Natural Gas (204.20): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 203.00 levels.

Copper (405.40): 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 416.50.

Zinc (166.90): Zinc is trading into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc closes above 172.00  levels.

Lead (140.10): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 144.60 levels.

Nickel (932.40):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 952.10 levels.

Aluminium (142.30): Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 142.00 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

MCX Tips for – August 16, 2018

Gold (29735): Gold is trading into positive zone and traders can go long at every dip or hold long positions until Gold closes below  29576  levels.

Silver (37799):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38102  levels.

Crude (4712): Crude is trading into negative zone and traders can go short at every rise or hold short positions until Crude closes above 4726  levels.

Natural Gas (207.50): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 203.00 levels.

Copper (416.00): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 423.80.

Zinc (171.80): Zinc is trading into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc closes above 177.20  levels.

Lead (144.85): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 147.50 levels.

Nickel (936.70):  Nickel has entered into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 962.10 levels.

Aluminium (144.30): Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 142.00 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

MCX Tips for – August 14, 2018

Gold (29725): Gold is trading into positive zone and traders can go long at every dip or hold long positions until Gold closes below  29576  levels.

Silver (37713):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38266  levels.

Crude (4643): Crude is trading into negative zone and traders can go short at every rise or hold short positions until Crude closes above 4726  levels.

Natural Gas (205.20): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 201.10 levels.

Copper (423.60): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 423.80.

Zinc (173.65): Zinc is trading into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc closes above 180.20  levels.

Lead (147.35): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 147.50 levels.

Nickel (946.20):  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 938.65 levels.

Aluminium (145.50): Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 142.00 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

MCX Tips for – August 13, 2018

Gold (29783): Gold has entered into positive zone and traders can go long at every dip or hold long positions until Gold closes below  29495  levels.

Silver (37968):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38293  levels.

Crude (4674): Crude is trading into negative zone and traders can go short at every rise or hold short positions until Crude closes above 4726  levels.

Natural Gas (203.20): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 199.20 levels.

Copper (419.60): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 423.80.

Zinc (176.0): Zinc has entered into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc closes above 182.30  levels.

Lead (144.90): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 147.50 levels.

Nickel (952.50):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 938.65 levels.

Aluminium (143.75): Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 142.00 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Natural Gas Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for Natural Gas for the week   (Aug 13, 2018 – Aug 17, 2018) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS closed the week on positive note gaining around 3.40%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 195 to 198. Resistance for the commodity lies in the zone of 205 to 210 where high for the month of June-2018 is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 225 to 230 where the commodity has formed a high in the month of January-2018. During the week the commodity manages to hit a high of 204 and close the week around the levels of 203.

Minor support for the commodity lies in the zone of 198 to 200. Support for the commodity lies in the zone of 190 to 194 where medium and long 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 178 to 182 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 206 to 210 where high for the month of June-2018 is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 225 to 230 where the commodity has formed a high in the month of January-2018.

Broad range for the commodity in the coming week can be seen between 190 – 195 on downside & 210 – 215 on upside.

Crude Oil Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (Aug 13, 2018 – Aug 17, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on negative note losing around 0.30%.

As we have mentioned last week, that support for the commodity lies in the zone of 4550 to 4600 where medium term moving averages and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels 4300 to 4350 where the commodity has formed a bottom in the month of June-2018 and long term moving averages are lying. During the week the commodity manages to hit a low of 4556 and close the week around the levels of 4672.

Support for the commodity lies in the zone of 4550 to 4600 where medium term moving averages and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels 4300 to 4350 where the commodity has formed a bottom in the month of June-2018 and long term moving averages are lying.

Resistance for the commodity lies in the zone of 4800 to 4850 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4950 to 5000 from where the commodity has broken down after consolidation and Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 4500 – 4550 on downside & 4850 – 4900 on upside.

Aluminium Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for Aluminium for the week  (Aug 13, 2018 – Aug 17, 2018) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on positive note gaining around 3.60%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 144 to 146 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 150 to 152 from where the commodity broke down after consolidation. During the week the commodity manages to hit a high of 147 and close the week around the levels of 144.

Support for the commodity lies in the zone of around 136 to 138 where Fibonacci levels and low for the month of July-2018 are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 127 to 130 where long term Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 144 to 146 where Fibonacci levels and short; medium and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 150 to 152 from where the commodity broke down after consolidation.

Broad range for the commodity in the coming week can be seen between 135 – 138 on downside and 150 – 152 on upside.

Nickel Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for Nickel for the week  (Aug 13, 2018 – Aug 17, 2018) :

NICKEL:

 

NICKEL 1

 

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

As we have mentioned last week, that support for the commodity lies in the zone of 920 to 930 from where the commodity broke out of February-2018 high. If the commodity manages to close below these levels then the commodity can drift to the levels of around 900 to 910 where Fibonacci levels and long term moving averages are lying. During the week the commodity manages to hit a low of 914 and close the week around the levels of 952.

Support for the commodity lies in the zone of 920 to 930 from where the commodity broke out of February-2018 high. If the commodity manages to close below these levels then the commodity can drift to the levels of around 900 to 910 where Fibonacci levels and long term moving averages are lying.

Resistance for the commodity lies in the zone of 950 to 960 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 980 to 990 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 910 – 920 on downside & 970 – 980 on upside.

Lead Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for Lead for the week  (Aug 13, 2018 – Aug 17, 2018) :

LEAD:

 

LEAD 1

 

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

As we have mentioned last week, that minor resistance for the commodity lies around 149 to 151. Resistance for the commodity lies in the zone of 155 to 160 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 170 to 172 where the commodity has formed a top in the month of February-2018 & May-2018. During the week the commodity manages to hit a high of 149 and close the week around the levels of 145.

Support for the commodity lies in the zone of 145 to 147 where low for the month of April-2018 and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 135 to 137 where Fibonacci levels are lying.

Minor resistance for the commodity lies around 149 to 151. Resistance for the commodity lies in the zone of 155 to 160 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 170 to 172 where the commodity has formed a top in the month of February-2018 & May-2018.

Broad range for the commodity in the coming week can be seen between 135 – 137 on downside & 152 – 155 on upside.

Zinc Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for Zinc for the week  (Aug 13, 2018 – Aug 17, 2018) :

ZINC:

 

ZINC 1

 

ZINC closed the week on a negative note losing around 2.30%.

As we have mentioned last week, that minor support for the commodity lies around 174 to 176. Support for the commodity lies in the zone of 165 to 170 where long term Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 150 to 155 where the commodity has formed a bottom in the month of June-2017. During the week the commodity manages to hit a low of 176 and close the week around the levels of 177.

Minor support for the commodity lies around 174 to 176. Support for the commodity lies in the zone of 165 to 170 where long term Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 150 to 155 where the commodity has formed a bottom in the month of June-2017.

Resistance for the commodity lies in the zone of 180 to 182 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 190 to 195 from where the commodity broke down from June-2018 lows.

Broad range for the commodity in the coming week can be seen between 165 – 170 on downside & 185 – 190 on upside.

Copper Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for Copper for the week   (Aug 13, 2018 – Aug 17, 2018) :

COPPER:

 

COPPER 1

 

COPPER closed the week on positive note gaining around 0.10%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 425 to 430 from where the commodity broke down from the lows of March-2018 & April-2018 and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 445 to 450 where short; medium and long term moving averages are lying. During the week the commodity manages to hit a high of 428 and close the week around the levels of 420.

Support for the commodity lies in the zone of 415 to 418 where the commodity has taken multiple support in the month of September-2017. If the commodity manages to close below these levels then the commodity can witness a major break down and it can drift to the levels of 400 to 405.

Resistance for the commodity lies in the zone of 425 to 430 from where the commodity broke down from the lows of March-2018 & April-2018 and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 445 to 450 where short; medium and long term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 405 – 410 on downside & 435 – 440 on upside.

Silver Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for Silver for the week  (Aug 13, 2018 – Aug 17, 2018) :

SILVER:

 

SILVER 1

 

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

As we have mentioned last week, that support for the commodity lies in the zone of 37900 to 38100 where the commodity has taken support in the month of April-2018 and May-2018. If the commodity manages to close below these levels then the commodity can drift to the levels of 37400 to 37500 where the commodity has taken support in the month of March-2018. During the week the commodity manages to hit a low of 37774 and close the week around the levels of 37968.

Support for the commodity lies in the zone of 37900 to 38100 where the commodity has taken support in the month of April-2018 and May-2018. If the commodity manages to close below these levels then the commodity can drift to the levels of 37400 to 37500 where the commodity has taken support in the month of March-2018.

Minor resistance for the commodity lies around 38400 to 38500. Resistance for the commodity lies in the zone of 38800 to 39000 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 39500 to 39700 where short; medium and long term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 37500 – 37700 on downside & 38700 – 38900 on upside.

Gold Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for Gold for the week  (Aug 13, 2018 – Aug 17, 2018) :

GOLD:

 

GOLD 1

 

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

As we have mentioned last week, that support for the commodity lies in the zone of 29500 to 29600 from where the commodity broke out in the month of November-2017. If the commodity manages to close below these levels then the commodity can drift to the levels of 29000 to 29100 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 29546 and close the week around the levels of 29783.

Support for the commodity lies in the zone of 29500 to 29600 from where the commodity broke out in the month of November-2017. If the commodity manages to close below these levels then the commodity can drift to the levels of 29000 to 29100 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 29900 to 30000 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of 30400 to 30500 from where the commodity broke down from double bottom pattern and long term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 29200 – 29300 on downside & 30000 – 30100 on upside.

Colgate Palmolive Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for Colgate Palmolive for the week (Aug 13, 2018 – Aug 17, 2018) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on positive note gaining around 1.30%.

As we have mentioned last week, that resistance for the stock lies around 1140 to 1160 from where the stock has broken down and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1180 to 1190 where high for the month of July-2018 and short term moving averages are lying. During the week the stock manages to hit a high of 1164 and close the week around the levels of 1138

Minor support for the stock lies around 1100 to 1110. Support for the stock lies in the zone of 1060 to 1080 where long term trend-line support and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1030 to 1040 from where the stock broke out in the month of March-2018 and Fibonacci levels are lying.

Resistance for the stock lies around 1150 to 1160 from where the stock has broken down and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1180 to 1190 where high for the month of July-2018 is lying.

Broad range for the stock is seen between 1080 to 1100 on downside & 1160 to 1180 on upside.

Dabur Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for DABUR for the week  (Aug 13, 2018 – Aug 17, 2018) :

DABUR:

 

DABUR

 

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

As we have mentioned last week, that the stock is trading at life time high so virtually no resistance lies. Resistance for the stock lies around 440 to 445. If the stock manages to close above these levels then the stock can move to the levels of 455 to 460. During the week the stock manages to hit a high of 447 and close the week around the levels of 443.

Support for the stock lies in the zone of 420 to 425 where Fibonacci extension levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 395 to 400 from where the stock broke out of June-2018 highs.

The stock is trading at life time high so virtually no resistance lies. Resistance for the stock lies around 445 to 450. If the stock manages to close above these levels then the stock can move to the levels of 460 to 465.

Broad range for the stock in the coming week can be seen between 425 to 430 on downside & 455 to 460 on upside.

Hindustan Unilever Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for Hindustan Unilever for the week  (Aug 13, 2018 – Aug 17, 2018) : 

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on negative note losing around 0.60%.

As we have mentioned last week, that minor support for the stock lies around 1710 to 1720. Support for the stock lies in the zone of 1620 to 1640 from where the stock broke out after consolidation and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1540 to 1560 where Fibonacci levels and medium term moving averages are lying. During the week the stock manages to hit a low of 1715 and close the week around the levels of 1753.

Minor support for the stock lies around 1710 to 1720. Support for the stock lies in the zone of 1620 to 1640 from where the stock broke out after consolidation and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1540 to 1560 where Fibonacci levels and medium term moving averages are lying.

Resistance for the stock lies in the zone of 1780 to 1800 where the stock has formed a high in the month of July-2018. If the stock manages to close above these levels then the stock can move to the levels of 1850 to 1870.

Broad range for the stock in coming week is seen between 1700 to 1720 on downside & 1800 to 1820 on upside.

ITC Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for ITC for the week  (Aug 13, 2018 – Aug 17, 2018) : 

ITC:

 

ITC

 

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

As we have mentioned last week, that resistance for the stock lies in the zone of 320 to 325 from where the stock has opened gap down and Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 335 to 340 from where the stock has broken down. During the week the stock manages to hit a high of 307 and close the week around the levels of 305.

Support for the stock lies in the zone of 290 to 295 from where the stock opened gap up and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 275 to 278 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 320 to 325 from where the stock has opened gap down and Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 335 to 340 from where the stock has broken down.

Broad range for the stock in coming week is seen between 285 to 290 on downside & 320 to 325 on upside.

Cipla Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for Cipla for the week  (Aug 13, 2018 – Aug 17, 2018) : 

CIPLA:

 

CIPLA

 

CIPLA closed the week on negative note losing around 3.10%.

As we have mentioned last week, that resistance for the stock lies in the zone of 640 to 650 where the stock has formed a high in the month of July-2018. If the stock manages to close above these levels then the stock can move to the levels of 660 to 670 where the stock has formed a high in the month of November-2017. During the week the stock manages to hit a high of 662 and close the week around the levels of 621.

Minor support for the stock lies around 610 to 620. Support for the stock lies in the zone of 585 to 590 where long term moving averages are lying. If the stock manages to close below these levels then the stock can move to the levels of 565 to 570 where Fibonacci levels and short & medium term moving averages are lying.

Resistance for the stock lies in the zone of 640 to 650 where the stock has formed a high in the month of July-2018. If the stock manages to close above these levels then the stock can move to the levels of 660 to 670 where the stock has formed a high in the month of November-2017.

Broad range for the stock is seen in the range of 590 – 600 on downside & 650 – 660 on upside.

Dr. Reddy Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for Dr. Reddy for the week (Aug 13, 2018 – Aug 17, 2018) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 2.90%.

As we have mentioned last week, that support for the stock lies in the zone of 2150 to 2200 where short & long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2020 to 2040 from where the stock broke out of consolidation in the month of June-2018. During the week the stock manages to hit a low of 2205 and close the week around the levels of 2214.

Support for the stock lies in the zone of 2150 to 2200 where short & long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2020 to 2040 from where the stock broke out of consolidation in the month of June-2018.

Minor resistance for the stock lies in the zone of 2280 to 2300. Resistance for the stock lies in the zone of 2350 to 2400 where Fibonacci levels and high for the month of June-2018 and July-2018 is lying. If the stock manages to close above these levels then the stock can move to the levels of 2500 to 2550.

Broad range for the stock is seen from 2000 – 2050 on downside & 2400 – 2450 on upside.

Lupin Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for Lupin for the week  (Aug 13, 2018 – Aug 17, 2018) : 

LUPIN:

 

LUPIN

 

Lupin closed the week on negative note losing around 8.60%.

As we have mentioned last week, that resistance for the stock lies in the zone of 900 to 910 where break down levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 940 to 950 where high for the month of July-2018 is lying. During the week the stock manages to hit a high of 897 and close the week around the levels of 809.

Support for the stock lies in the zone of 780 to 790 where the stock has formed a bottom in the month of July-2018. If the stock manages to close below these levels then the stock can drift to the levels of 740 to 750 where the stock has formed a bottom in the month of June-2018.

Resistance for the stock lies in the zone of 840 to 850 where break down levels and long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 880 to 890 where Fibonacci levels are lying.

Broad range for the stock in coming week can be seen from 760 – 770 on lower side & 850 – 860 on upper side.

Sun Pharma Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for Sun Pharma for the week  (Aug 13, 2018 – Aug 17, 2018) : 

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on negative note losing around 5.40%.

As we have mentioned last week, that resistance for the stock lies in the zone of 585 to 590 where the stock has formed a double top pattern in the month of June-2018 and July-2018. If the stock manages to close above these levels then the stock can move to the levels of 600 to 605 where the stock has formed a double top pattern in the month of January-2018 and February-2018. During the week the stock manages to hit a high of 593 and close the week around the levels of 554.

Support for the stock lies in the zone of 530 to 540 where high for the month of May-2018 and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 515 to 520 where Fibonacci levels are lying.

Minor resistance for the stock lies in the zone of 565 to 570. Resistance for the stock lies in the zone of 585 to 590 where the stock has formed a double top pattern in the month of June-2018 and July-2018. If the stock manages to close above these levels then the stock can move to the levels of 600 to 605 where the stock has formed a double top pattern in the month of January-2018 and February-2018.

Broad range for the stock in the coming week can be 530 – 540 on lower side & 580 – 590 on upper side.

Wipro Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for Wipro for the week  (Aug 13, 2018 – Aug 17, 2018) : 

WIPRO:

 

HCLTECH

 

Wipro 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 268 to 270 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 250 to 255 where the stock has taken multiple support in the month of June-2017. During the week the stock manages to hit a low of 274 and close the week around the levels of 279.

Support for the stock lies in the zone of 268 to 270 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 250 to 255 where the stock has taken multiple support in the month of June-2017.

Resistance for the stock lies in the zone of 285 to 290 where Fibonacci levels and long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 300 to 305 where Fibonacci levels are lying.

Broad range for the stock in the coming week is seen between 265 to 270 on downside & 290 to 295 on upside.

HCL Tech Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for HCL Tech for the week (Aug 13, 2018 – Aug 17, 2018) : 

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on absolutely flat note.

As we have mentioned last week, that support for the stock lies in the zone of 960 to 970 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 920 to 930 where Fibonacci levels and short & long term moving averages are lying. During the week the stock manages to hit a low of 953 and close the week around the levels of 966.

Support for the stock lies in the zone of 960 to 970 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 920 to 930 where Fibonacci levels and short & long term moving averages are lying.

Resistance for the stock lies in the zone of 1000 to 1020 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 1050 to 1060 where Fibonacci levels are lying.

Broad range for the stock in the coming week is seen between 910 to 920 on downside & 1000 to 1010 on upside.

TCS Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for TCS for the week  (Aug 13, 2018 – Aug 17, 2018) : 

TATA CONSULTANCY SERVICES:

 

TCS

 

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

As we have mentioned last week, that minor resistance for the stock lies in the zone of 1970 to 1980. Resistance for the stock lies in the zone of 2000 to 2020 where the stock has formed a top in the month of July-2018. If the stock manages to close above these levels then the stock can move to the levels of 2050 to 2070. During the week the stock manages to hit a high of 1999 and close the week around the levels of 1993.

Minor support for the stock lies in the zone of 1960 to 1970. Support for the stock lies in the zone of 1900 to 1920 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1830 to 1850 where break out levels are lying.

Resistance for the stock lies in the zone of 2000 to 2020 where the stock has formed a top in the month of July-2018. If the stock manages to close above these levels then the stock can move to the levels of 2050 to 2070.

Broad range for the stock in the coming week is seen between 1940 to 1960 on downside & 2050 to 2070 on upside.

Infosys Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquiyPandit’s Outlook for Infosys for the week  (Aug 13, 2018 – Aug 17, 2018) : 

INFOSYS:

 

INFY

 

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

As we have mentioned last week, that minor support for the stock lies around 1340 to 1350. Support for the stock lies in the zone of 1270 to 1280 where Fibonacci levels are lying. If the stock manages to close below these levels the stock can drift to the levels of 1240 to 1250 from where the stock broke out of May-2018 high. During the week the stock manages to hit a low of 1347 and close the week around the levels of 1385.

Minor support for the stock lies around 1340 to 1350. Support for the stock lies in the zone of 1270 to 1280 where Fibonacci levels are lying. If the stock manages to close below these levels the stock can drift to the levels of 1240 to 1250 from where the stock broke out of May-2018 high.

Resistance for the stock lies in the zone of 1380 to 1400 where long term trend-line resistance for the stock is lying. If the stock manages to close above these levels then the stock can move to the levels of around 1430 to 1450.

Broad range for the stock in the coming week is seen between 1320 to 1340 on downside & 1400 to 1420 on upside.

SBI Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for SBI for the week  (Aug 13, 2018 – Aug 17, 2018) : 

STATE BANK OF INDIA:

 

SBIN

 

SBIN closed the week on positive note gaining around 1.70%.

As we have mentioned last week, that resistance for the stock lies in the zone of 300 to 305 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 320 to 325. During the week the stock manages to hit a high of 326 and close the week around the levels of 305.

Minor support for the stock lies around 285 to 290. Support for the stock lies in the zone of 275 to 280 where long term moving averages and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 265 to 270 where medium term moving averages and Fibonacci levels are lying.

Resistance for the stock lies in the zone of 300 to 305 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 320 to 325.

Broad range for the stock in the coming week can be 280 to 285 on lower side & 320 to 325 on upper side.

Axis Bank Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for Axis Bank for the week  (Aug 13, 2018 – Aug 17, 2018) : 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 7.00%.

As we have mentioned last week, that resistance for the stock lies in the zone of 575 to 580 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 595 to 600 where trend-line joining earlier high is lying. During the week the stock manages to hit a high of 625 and close the week around the levels of 615.

Minor support for the stock lies around 590 to 600. Support for the stock lies in the zone of 570 to 580 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 550 to 560 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 620 to 630 where trend-line joining earlier high and high for the month of January-2018 are lying. If the stock manages to close above these levels then the stock can move to the levels of 650 to 660 where life time high for the stock is lying.

Broad range for the stock in the coming week can be 570– 580 on lower side & 640 – 650 on upper side.

ICICI Bank Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for ICICI Bank for the week  (Aug 13, 2018 – Aug 17, 2018) : 

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on positive note gaining around 7.80%.

As we have mentioned last week, that resistance for the stock lies in the zone of 303 to 305 where break down levels and long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 315 to 320 where Fibonacci levels and high for the month of May-2018 is lying. During the week the stock manages to hit a high of 346 and close the week around the levels of 329.

Support for the stock lies in the zone of 315 to 320 where Fibonacci levels and high for the month of May-2018 is lying. If the stock manages to close below these levels then the stock can drift to the levels of 303 to 305 from where the stock broke out of June-2018 high and long term moving averages are lying.

Resistance for the stock lies in the zone of 345 to 350 from where the stock broke down in the month of February-2018. If the stock manages to close above these levels then the stock can move to the levels of 365 to 370 where the stock has formed a high in the month of January-2018.

Broad range for the stock in the coming week can be 300 – 305 on lower side & 345 – 350 on upper side.

HDFC Bank Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for HDFC Bank for the week   (Aug 13, 2018 – Aug 17, 2018) : 

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on negative note losing around 0.40%.

As we have mentioned last week, that support for the stock lies in the zone of 2080 to 2100 where break out levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of around 2030 to 2050 where Fibonacci levels and medium term moving averages are lying. During the week the stock manages to hit a low of 2095 and close the week around the levels of 2114.

Support for the stock lies in the zone of 2080 to 2100 where break out levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of around 2030 to 2050 where Fibonacci levels and medium term moving averages are lying.

Minor resistance for the stock lies around 2140 to 2160. Resistance for the stock lies in the zone of 2200 to 2220 where the index has formed a high in the month of July-2018. If the stock manages to close above these levels then the stock can move to the levels of 2250 to 2270.

Broad range for the stock in the coming week can be 2060 to 2080 on lower side & 2150 to 2170 on upper side.

Nifty Media Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for NIFTY MEDIA for the week   (Aug 13, 2018 – Aug 17, 2018) : 

NIFTY MEDIA:

 

NIFTYMEDIA

 

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

As we have mentioned last week, that minor resistance lies around 2850 to 2900. Resistance for the index lies in the zone of 2950 to 3000 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 3050 to 3100 where Fibonacci levels and short term moving averages are lying. During the week the index manages to hit a high of 2968 and close the week around the levels of 2903.

Minor support for the index lies in the zone of 2840 to 2860. Support for the index lies in the zone of 2750 to 2800 where long term trend-line support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 2650 to 2700 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 2950 to 3000 from where the index broke down after consolidation and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3050 to 3100 where Fibonacci levels and medium term moving averages are lying.

Broad range for the index is seen between 2700 to 2750 on downside & 3000 to 3050 on upside.

Nifty Realty Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for NIFTY REALTY for the week  (Aug 13, 2018 – Aug 17, 2018) : 

NIFTY REALTY:

 

NIFTYREALT

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 275 to 280 where trend-line resistance for the index and high for the month of July-2018 are lying. If the index manages to close above these levels then the index can move to the levels of 288 to 290 where Fibonacci levels and medium term moving averages are lying. During the week the index manages to hit a high of 275 and close the week around the levels of 272.

Minor support for the index lies in the zone of 266 to 267. Support for the index lies in the zone of 260 to 263 from where the index has broken out. If the index manages to close below these levels then the index can drift to the levels of 250 to 255 where long term Fibonacci levels and low for the month of July-2018 are lying.

Resistance for the index lies in the zone of 275 to 280 where trend-line resistance for the index and high for the month of July-2018 are lying. If the index manages to close above these levels then the index can move to the levels of 288 to 290 where Fibonacci levels and medium term moving averages are lying.

Broad range for the index is seen between 255 to 260 on downside & 280 to 285 on upside.

Nifty PSU Bank Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Aug 13, 2018 – Aug 17, 2018) :  

NIFTY PSU BANK:

 

NIFTYPSUBA

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 3250 to 3300 from where the index has broken down in the month of February-2018 and long term 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 from where the index has broken down and Fibonacci levels are lying. During the week the index manages to hit a high of 3448 and close the week around the levels of 3251.

Support for the index lies in the zone of 3120 to 3170 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 2950 to 3000 from where the index has opened gap up and short term moving averages are lying.

Resistance for the index lies in the zone of 3250 to 3300 from where the index has broken down in the month of February-2018. If the index manages to close above these levels then the index can move to the levels of 3450 to 3500 from where the index has broken down and Fibonacci levels are lying.

Broad range for the index is seen between 3000 to 3050 on downside & 3400 to 3450 on upside.

Nifty Metal Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for NIFTY METAL for the week (Aug 13, 2018 – Aug 17, 2018) :  

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 3400 to 3450 from where the index has broken down from the double bottom pattern and short term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3550 to 3600 where Fibonacci levels and medium term moving averages are lying. During the week the index manages to hit a high of 3512 and close the week around the levels of 3435.

Minor support for the index lies around 3350 to 3400. Support for the index lies in the zone of 3150 to 3200 from where the index broke out in the month of July-2018. If the index manages to close below these levels then the index can drift to the levels of 3050 to 3100 where the index has formed a bottom in the month of July-2018.

Resistance for the index lies in the zone of 3500 to 3550 where Fibonacci levels and medium term moving averages are lying.. If the index manages close above these levels then the index can move to the levels of 3650 to 3700 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen between 3200 to 3250 on downside & 3550 to 3600 on upside.

Nifty Energy Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (Aug 13, 2018 – Aug 17, 2018) :  

NIFTY ENERGY:

 

NIFTYENERG

 

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

As we have mentioned last week, that support for the index lies in the zone of 15000 to 15100 where Fibonacci extension levels are lying. If the index manages to close below these levels then the index can drift to the levels of 14500 to 14600 from where the index broke out of earlier high. During the week the index manages to hit a low of 15156 and close the week around the levels of 15376.

Support for the index lies in the zone of 15000 to 15100 where Fibonacci extension levels are lying. If the index manages to close below these levels then the index can drift to the levels of 14500 to 14600 from where the index broke out of earlier high.

Resistance for the index lies in the zone of 15300 to 15400. If the index manages to close above these levels then the index can move to the levels of 15600 to 15700.

Broad range for the index is seen between 15000 to 15100 on downside & 15500 to 15600 on upside.

Nifty Auto Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for NIFTY Auto for the week  (Aug 13, 2018 – Aug 17, 2018) :  

NIFTY AUTO:

 

NIFTYAUTO

 

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

As we have mentioned last week, that minor resistance for the index lies around 10900 to 11000. Resistance for the index lies in the zone of 11300 to 11350 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can move to the levels of 11450 to 11550 from where the index has broken down and Fibonacci levels are lying. During the week the index manages to hit a high of 10902 and close the week around the levels of 10839.

Support for the index lies in the zone of 10500 to 10600 where the index has taken support in the month of September-2017 and March-2018. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 where Fibonacci levels are lying.

Minor resistance for the index lies around 10900 to 11000. Resistance for the index lies in the zone of 11300 to 11350 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can move to the levels of 11450 to 11550 from where the index has broken down and Fibonacci levels are lying.

Broad range for the index is seen from 10400 to 10500 on downside & 11200 to 11300 on upside.

Nifty Pharma Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for NIFTY Pharma for the week  (Aug 13, 2018 – Aug 17, 2018) :  

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 9500 to 9600 from where the index has broken down in the month of January-2018. If the index manages to close above these levels then the index can move to the levels of 9950 to 10000 where high for the month of November-2017 and January-2018 are lying. During the week the index manages to hit a high of 9597 and close the week around the levels of 9138.

Support for the index lies in the zone of 9150 to 9200 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8850 to 8900 where break out levels and medium term moving averages are lying.

Minor resistance for the index lies in the zone of 9300 to 9350. Resistance for the index lies in the zone of 9500 to 9600 from where the index has broken down in the month of January-2018. If the index manages to close above these levels then the index can move to the levels of 9950 to 10000 where high for the month of November-2017 and January-2018 are lying.

Broad range for the index is seen from 8900 to 8950 on downside & 9300 to 9350 on upside.

Nifty FMCG Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for NIFTY FMCG for the week (Aug 13, 2018 – Aug 17, 2018) :  

NIFTY FMCG:

 

NIFTYFMCG

 

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

As we have mentioned last week, that the index is trading at life time high so virtually no resistance lies. Resistance for the index lies around 31500 to 31700 where trend-line joining earlier high is lying. If the index manages to close above these levels then the index can move to the levels of 32100 to 32200. During the week the index manages to hit a high of 31551 and close the week around the levels of 31475.

Minor support for the index lies around 30800 to 31000. Support for the index lies in the zone of 30200 to 30400 from where the index has opened gap up. If the index manages to close below these levels then the index can drift to the levels of 29300 to 29500 from where the index has opened gap up and short term moving averages are lying.

The index is trading at life time high so virtually no resistance lies. Resistance for the index lies around 31500 to 31700 where trend-line joining earlier high is lying. If the index manages to close above these levels then the index can move to the levels of 32100 to 32200.

Broad range for the index in the coming week is seen from 30500 to 30700 on downside & 32200 to 32400 on upside.

Nifty IT Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Aug 13, 2018 – Aug 17, 2018) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 14700 to 14800 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 15200 to 15300. During the week the index manages to hit a high of 14731 and close the week around the levels of 14679.

Minor support for the index lies around 14400 to 14500. Support for the index lies in the zone of 14200 to 14300 from where the index broke out of the top formed in the month of April-2018 and June-2018. If the index manages to close below these levels then the index can drift to the levels of 13400 to 13500 from where the index broke out of January-2018 high.

Resistance for the index lies in the zone of 14700 to 14800 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 15200 to 15300.

Broad range for the index in the coming week is seen from 14200 to 14300 on downside & 14900 to 15000 on upside.

Nifty Bank Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Aug 13, 2018 – Aug 17, 2018):

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank 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 27600 to 27700 where the index has formed a top in the month of January-2018. If the index manages to close above these levels then the index can move to the levels of 28000 to 28100. During the week the index manages to hit a high of 28378 and close the week around the levels of 28125.

Support for the index lies in the zone 27900 to 28000 from where the index broke out of July-2018 high. If the index manages to close below these levels then the index can drift to the levels of 27500 to 27600 from where the index broke out of January-2018 high.

Resistance for the index lies in the zone of 28400 to 28500 where Fibonacci extension levels are lying. If the index manages to close above these levels then the index can move to the levels of 28800 to 29000.

Range for the week is seen from 27500 to 27600 on downside & 28500 to 28600 on upside.

Nifty Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for Nifty for the week  (Aug 13, 2018 – Aug 17, 2018):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that the index is trading at all time high so virtually no resistance exists. Resistance for the index lies around 11400 to 11500 where target of triangle break out pattern lies. If the index manages to close above these levels then the index can move to the levels of 11700 to 11800. During the week the index manages to hit a high of 11495 and close the week around the levels of 11429.

Support for the index lies in the zone of 11100 to 11200 from where the index broke out of earlier high. If the index manages to close below these levels then the index can drift to the levels of 10900 to 11000 from where the index broke out of double top and triangle pattern.

The index is trading at all time high so virtually no resistance exists. Resistance for the index lies around 11400 to 11500 where target of triangle break out pattern lies. If the index manages to close above these levels then the index can move to the levels of 11700 to 11800.

Broad range for the week is seen from 11200 on downside & 11600 on upside.

MCX Tips for – August 10, 2018

Gold (29668): Gold is trading into negative zone and traders can go short at every rise or hold short positions until Gold closes above  29792  levels.

Silver (38127):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38293  levels.

Crude (4602): Crude is trading into negative zone and traders can go short at every rise or hold short positions until Crude closes above 4725  levels.

Natural Gas (203.20): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 199.20 levels.

Copper (421.15): 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 423.80.

Zinc (179.85): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 178.30  levels.

Lead (144.65): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 147.50 levels.

Nickel (952.10):  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 936.80 levels.

Aluminium (142.45): Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 142.00 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

MCX Tips for – August 09, 2018

Gold (29610): Gold is trading into negative zone and traders can go short at every rise or hold short positions until Gold closes above  29792  levels.

Silver (37947):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38293  levels.

Crude (4570): Crude is trading into negative zone and traders can go short at every rise or hold short positions until Crude closes above 4772  levels.

Natural Gas (202.10): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 197.20 levels.

Copper (418.00): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 423.80.

Zinc (180.95): Zinc has entered into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 177.40  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 closes above 147.50 levels.

Nickel (960.30):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 935.00 levels.

Aluminium (144.60): Aluminium has entered into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 139.70 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 – August 08, 2018

Gold (29597): Gold is trading into negative zone and traders can go short at every rise or hold short positions until Gold closes above  29830  levels.

Silver (37883):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38361  levels.

Crude (4762): Crude is trading into negative zone and traders can go short at every rise or hold short positions until Crude closes above 4772  levels.

Natural Gas (198.90): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 194.80 levels.

Copper (418.10): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 423.80.

Zinc (180.55): Zinc is trading into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc closes above 180.80  levels.

Lead (147.05): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 147.50 levels.

Nickel (950.90):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 923.20 levels.

Aluminium (139.45): Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 141.40 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

MCX Tips for – August 07, 2018

Gold (29629): Gold is trading into negative zone and traders can go short at every rise or hold short positions until Gold closes above  29830  levels.

Silver (37889):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38361  levels.

Crude (4767): Crude is trading into negative zone and traders can go short at every rise or hold short positions until Crude closes above 4772  levels.

Natural Gas (196.50): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 192.70 levels.

Copper (415.50): 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 423.80.

Zinc (178.60): Zinc is trading into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc closes above 180.80  levels.

Lead (145.75): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 147.50 levels.

Nickel (941.30):  Nickel has entered into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 906.50 levels.

Aluminium (140.25): Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 141.40 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

MCX Tips for – August 06, 2018

Gold (29650): Gold is trading into negative zone and traders can go short at every rise or hold short positions until Gold closes above  29830  levels.

Silver (38052):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38403  levels.

Crude (4690): Crude is trading into negative zone and traders can go short at every rise or hold short positions until Crude closes above 4772  levels.

Natural Gas (196.60): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 192.00 levels.

Copper (419.05): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 423.80.

Zinc (180.65): Zinc is trading into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc closes above 180.80  levels.

Lead (145.25): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 148.90 levels.

Nickel (926.00):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 936.10 levels.

Aluminium (138.60): Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 141.40 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Natural Gas Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for Natural Gas for the week   (Aug 06, 2018 – Aug 10, 2018) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS closed the week on positive note gaining around 2.00%.

As we have mentioned last week, that support for the commodity lies in the zone of 187 to 190 where medium and long 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 178 to 182 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 188 and close the week around the levels of 196.

Support for the commodity lies in the zone of 187 to 190 where medium and long 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 178 to 182 where Fibonacci levels are lying.

Minor resistance for the commodity lies in the zone of 195 to 198. Resistance for the commodity lies in the zone of 205 to 210 where high for the month of June-2018 is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 225 to 230 where the commodity has formed a high in the month of January-2018.

Broad range for the commodity in the coming week can be seen between 180 – 185 on downside & 205 – 210 on upside.

Crude Oil Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (Aug 06, 2018 – Aug 10, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on negative note losing around 0.60%.

As we have mentioned last week, that support for the commodity lies in the zone of 4550 to 4600 where medium term moving averages and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels 4300 to 4350 where the commodity has formed a bottom in the month of June-2018 and long term moving averages are lying. During the week the commodity manages to hit a low of 4592 and close the week around the levels of 4686.

Support for the commodity lies in the zone of 4550 to 4600 where medium term moving averages and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels 4300 to 4350 where the commodity has formed a bottom in the month of June-2018 and long term moving averages are lying.

Resistance for the commodity lies in the zone of 4800 to 4850 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4950 to 5000 from where the commodity has broken down after consolidation and Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 4500 – 4550 on downside & 4850 – 4900 on upside.

Aluminium Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for Aluminium for the week  (Aug 06, 2018 – Aug 10, 2018) :

ALUMINIUM:

 

ALUMINIUM 1

 

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

As we have mentioned last week, that resistance for the commodity lies in the zone of 144 to 146 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 150 to 152 from where the commodity broke down after consolidation. During the week the commodity manages to hit a high of 143 and close the week around the levels of 139.

Support for the commodity lies in the zone of around 134 to 136 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 127 to 130 where long term Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 144 to 146 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 150 to 152 from where the commodity broke down after consolidation.

Broad range for the commodity in the coming week can be seen between 130 – 133 on downside and 148 – 150 on upside.

Nickel Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for Nickel for the week  (Aug 06, 2018 – Aug 10, 2018) :

NICKEL:

 

NICKEL 1

 

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

As we have mentioned last week, that support for the commodity lies in the zone of 920 to 930 from where the commodity broke out of February-2018 high. If the commodity manages to close below these levels then the commodity can drift to the levels of around 900 to 910 where Fibonacci levels and long term moving averages are lying. During the week the commodity manages to hit a low of 900 and close the week around the levels of 926.

Support for the commodity lies in the zone of 920 to 930 from where the commodity broke out of February-2018 high. If the commodity manages to close below these levels then the commodity can drift to the levels of around 900 to 910 where Fibonacci levels and long term moving averages are lying.

Resistance for the commodity lies in the zone of 950 to 960 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 980 to 990 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 890 – 900 on downside & 960 – 970 on upside.

Lead Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for Lead for the week  (Aug 06, 2018 – Aug 10, 2018) :

LEAD:

 

LEAD 1

 

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

As we have mentioned last week, that minor resistance for the commodity lies around 149 to 151. Resistance for the commodity lies in the zone of 155 to 160 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 170 to 172 where the commodity has formed a top in the month of February-2018 & May-2018. During the week the commodity manages to hit a high of 151 and close the week around the levels of 145.

Support for the commodity lies in the zone of 145 to 147 where low for the month of April-2018 and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 135 to 137 where Fibonacci levels are lying.

Minor resistance for the commodity lies around 149 to 151. Resistance for the commodity lies in the zone of 155 to 160 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 170 to 172 where the commodity has formed a top in the month of February-2018 & May-2018.

Broad range for the commodity in the coming week can be seen between 135 – 137 on downside & 152 – 155 on upside.

Zinc Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for Zinc for the week  (Aug 06, 2018 – Aug 10, 2018) :

ZINC:

 

ZINC 1

 

ZINC closed the week on a positive note gaining around 0.80%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 178 to 182 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 190 to 195 from where the commodity broke down from June-2018 lows. During the week the commodity manages to hit a high of 182 and close the week around the levels of 181.

Minor support for the commodity lies around 174 to 176. Support for the commodity lies in the zone of 165 to 170 where long term Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 150 to 155 where the commodity has formed a bottom in the month of June-2017.

Resistance for the commodity lies in the zone of 180 to 182 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 190 to 195 from where the commodity broke down from June-2018 lows.

Broad range for the commodity in the coming week can be seen between 165 – 170 on downside & 190 – 195 on upside.

Copper Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for Copper for the week   (Aug 06, 2018 – Aug 10, 2018) :

COPPER:

 

COPPER 1

 

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

As we have mentioned last week, that support for the commodity lies in the zone of 415 to 418 where the commodity has taken multiple support in the month of September-2017. If the commodity manages to close below these levels then the commodity can witness a major break down and it can drift to the levels of 400 to 405. During the week the commodity manages to hit a low of 412 and close the week around the levels of 419.

Support for the commodity lies in the zone of 415 to 418 where the commodity has taken multiple support in the month of September-2017. If the commodity manages to close below these levels then the commodity can witness a major break down and it can drift to the levels of 400 to 405.

Resistance for the commodity lies in the zone of 425 to 430 from where the commodity broke down from the lows of March-2018 & April-2018 and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 445 to 450 where short; medium and long term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 405 – 410 on downside & 435 – 440 on upside.

Silver Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for Silver for the week  (Aug 06, 2018 – Aug 10, 2018) :

SILVER:

 

SILVER 1

 

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

As we have mentioned last week, that support for the commodity lies in the zone of 37900 to 38100 where the commodity has taken support in the month of April-2018 and May-2018. If the commodity manages to close below these levels then the commodity can drift to the levels of 37400 to 37500 where the commodity has taken support in the month of March-2018. During the week the commodity manages to hit a low of 37736 and close the week around the levels of 38072.

Support for the commodity lies in the zone of 37900 to 38100 where the commodity has taken support in the month of April-2018 and May-2018. If the commodity manages to close below these levels then the commodity can drift to the levels of 37400 to 37500 where the commodity has taken support in the month of March-2018.

Minor resistance for the commodity lies around 38400 to 38500. Resistance for the commodity lies in the zone of 38800 to 39000 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 39500 to 39700 where short; medium and long term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 37500 – 37700 on downside & 39000 – 39200 on upside.

Gold Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for Gold for the week  (Aug 06, 2018 – Aug 10, 2018) :

GOLD:

 

GOLD 2

 

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

As we have mentioned last week, that minor resistance for the commodity lies around 29900 to 30000. Resistance for the commodity lies in the zone of 30400 to 30500 from where the commodity broke down from double bottom pattern and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30900 to 31000 from where the commodity broke down and short & medium term moving averages are lying. During the week the commodity manages to hit a high of 29956 and close the week around the levels of 29671.

Support for the commodity lies in the zone of 29500 to 29600 from where the commodity broke out in the month of November-2017. If the commodity manages to close below these levels then the commodity can drift to the levels of 29000 to 29100 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 29900 to 30000 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of 30400 to 30500 from where the commodity broke down from double bottom pattern and long term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 29200 – 29300 on downside & 30000 – 30100 on upside.

Colgate Palmolive Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for Colgate Palmolive for the week (Aug 06, 2018 – Aug 10, 2018) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on positive note gaining around 2.00%.

As we have mentioned last week, that resistance for the stock lies around 1140 to 1160 from where the stock has broken down and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1180 to 1190 where high for the month of July-2018 and short term moving averages are lying. During the week the stock manages to hit a high of 1155 and close the week around the levels of 1123.

Minor support for the stock lies around 1100 to 1110. Support for the stock lies in the zone of 1060 to 1080 where long term trend-line support and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1030 to 1040 from where the stock broke out in the month of March-2018 and Fibonacci levels are lying.

Resistance for the stock lies around 1140 to 1160 from where the stock has broken down and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1180 to 1190 where high for the month of July-2018 and short term moving averages are lying.

Broad range for the stock is seen between 1060 to 1080 on downside & 1160 to 1180 on upside.

Dabur Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for DABUR for the week  (Aug 06, 2018 – Aug 10, 2018) :

DABUR:

 

DABUR

 

Dabur closed the week on positive note gaining around 13.20%.

As we have mentioned last week, that minor support for the stock lies in the zone of 378 to 382. Support for the stock lies in the zone of 365 to 370 from where the stock broke out of January-2018 high 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 350 to 355 where Fibonacci levels and long term moving averages are lying. During the week the stock manages to hit a low of 384 and close the week around the levels of 437.

Support for the stock lies in the zone of 420 to 425 where Fibonacci extension levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 395 to 400 from where the stock broke out of June-2018 highs.

The stock is trading at life time high so virtually no resistance lies. Resistance for the stock lies around 440 to 445. If the stock manages to close above these levels then the stock can move to the levels of 455 to 460.

Broad range for the stock in the coming week can be seen between 420 to 425 on downside & 450 to 455 on upside.

Hindustan Unilever Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for Hindustan Unilever for the week  (Aug 06, 2018 – Aug 10, 2018) : 

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on positive note gaining around 6.30%.

As we have mentioned last week, that resistance for the stock lies in the zone of 1680 to 1700 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 1740 to 1760. During the week the stock manages to hit a high of 1767 and close the week around the levels of 1763.

Minor support for the stock lies around 1710 to 1720. Support for the stock lies in the zone of 1620 to 1640 from where the stock broke out after consolidation and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1540 to 1560 where Fibonacci levels and medium term moving averages are lying.

Resistance for the stock lies in the zone of 1780 to 1800 where the stock has formed a high in the month of July-2018. If the stock manages to close above these levels then the stock can move to the levels of 1850 to 1870.

Broad range for the stock in coming week is seen between 1700 to 1720 on downside & 1800 to 1820 on upside.

ITC Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for ITC for the week  (Aug 06, 2018 – Aug 10, 2018) : 

ITC:

 

ITC

 

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

As we have mentioned last week, that support for the stock lies in the zone of 290 to 295 from where the stock opened gap up and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 275 to 278 where Fibonacci levels are lying. During the week the stock manages to hit a low of 296 and close the week around the levels of 304.

Support for the stock lies in the zone of 290 to 295 from where the stock opened gap up and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 275 to 278 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 320 to 325 from where the stock has opened gap down and Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 335 to 340 from where the stock has broken down.

Broad range for the stock in coming week is seen between 285 to 290 on downside & 320 to 325 on upside.

Cipla Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for Cipla for the week  (Aug 06, 2018 – Aug 10, 2018) : 

CIPLA:

 

CIPLA

 

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

As we have mentioned last week, that resistance for the stock lies in the zone of 640 to 650 where the stock has formed a high in the month of July-2018. If the stock manages to close above these levels then the stock can move to the levels of 660 to 670 where the stock has formed a high in the month of November-2017. During the week the stock manages to hit a high of 652 and close the week around the levels of 641.

Minor support for the stock lies around 610 to 620. Support for the stock lies in the zone of 585 to 590 where long term moving averages are lying. If the stock manages to close below these levels then the stock can move to the levels of 565 to 570 where Fibonacci levels and short & medium term moving averages are lying.

Resistance for the stock lies in the zone of 640 to 650 where the stock has formed a high in the month of July-2018. If the stock manages to close above these levels then the stock can move to the levels of 660 to 670 where the stock has formed a high in the month of November-2017.

Broad range for the stock is seen in the range of 610 – 620 on downside & 660 – 670 on upside.

Dr. Reddy Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for Dr. Reddy for the week (Aug 06, 2018 – Aug 10, 2018) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 9.50%.

As we have mentioned last week, that resistance for the stock lies in the zone of 2130 to 2150 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 2200 to 2220 from where the stock broke down and long term moving averages are lying. During the week the stock manages to hit a high of 2290 and close the week around the levels of 2281.

Support for the stock lies in the zone of 2150 to 2200 where short & long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2020 to 2040 from where the stock broke out of consolidation in the month of June-2018.

Resistance for the stock lies in the zone of 2350 to 2400 where Fibonacci levels and high for the month of June-2018 and July-2018 is lying. If the stock manages to close above these levels then the stock can move to the levels of 2500 to 2550.

Broad range for the stock is seen from 2000 – 2050 on downside & 2500 – 2550 on upside.

Lupin Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for Lupin for the week  (Aug 06, 2018 – Aug 10, 2018) : 

LUPIN:

 

LUPIN

 

Lupin closed the week on positive note gaining around 8.70%.

As we have mentioned last week, that resistance for the stock lies in the zone of 820 to 830 where short & long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 855 to 865 where Fibonacci levels are lying. During the week the stock manages to hit a high of 896 and close the week around the levels of 886.

Support for the stock lies in the zone of 860 to 870 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 810 to 820 where break out levels and medium & long term moving averages are lying.

Resistance for the stock lies in the zone of 900 to 910 where break down levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 940 to 950 where high for the month of July-2018 is lying.

Broad range for the stock in coming week can be seen from 840 – 850 on lower side & 930 – 940 on upper side.

Sun Pharma Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for Sun Pharma for the week  (Aug 06, 2018 – Aug 10, 2018) : 

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on positive note gaining around 5.20%.

As we have mentioned last week, that minor support for the stock lies in the zone of 550 to 555. Support for the stock lies in the zone of 530 to 540 where high for the month of May-2018 and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 515 to 520 where Fibonacci levels are lying. During the week the stock manages to hit a low of 552 and close the week around the levels of 586.

Minor support for the stock lies in the zone of 565 to 570. Support for the stock lies in the zone of 530 to 540 where high for the month of May-2018 and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 515 to 520 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 585 to 590 where the stock has formed a double top pattern in the month of June-2018 and July-2018. If the stock manages to close above these levels then the stock can move to the levels of 600 to 605 where the stock has formed a double top pattern in the month of January-2018 and February-2018.

Broad range for the stock in the coming week can be 550 – 560 on lower side & 600 – 610 on upper side.

Wipro Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for Wipro for the week  (Aug 06, 2018 – Aug 10, 2018) : 

WIPRO:

 

WIPRO

 

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

As we have mentioned last week, that support for the stock lies in the zone of 268 to 270 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 250 to 255 where the stock has taken multiple support in the month of June-2017. During the week the stock manages to hit a low of 269 and close the week around the levels of 278.

Support for the stock lies in the zone of 268 to 270 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 250 to 255 where the stock has taken multiple support in the month of June-2017.

Resistance for the stock lies in the zone of 285 to 290 where Fibonacci levels and long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 300 to 305 where Fibonacci levels are lying.

Broad range for the stock in the coming week is seen between 265 to 270 on downside & 290 to 295 on upside.

HCL Tech Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for HCL Tech for the week (Aug 06, 2018 – Aug 10, 2018) : 

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on absolutely flat note.

As we have mentioned last week, that resistance for the stock lies in the zone of 1000 to 1020 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 1050 to 1060 where Fibonacci levels are lying. During the week the stock manages to hit a high of 984 and close the week around the levels of 964.

Support for the stock lies in the zone of 960 to 970 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 920 to 930 where Fibonacci levels and short & long term moving averages are lying.

Resistance for the stock lies in the zone of 1000 to 1020 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 1050 to 1060 where Fibonacci levels are lying.

Broad range for the stock in the coming week is seen between 910 to 920 on downside & 1000 to 1010 on upside.

TCS Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for TCS for the week  (Aug 06, 2018 – Aug 10, 2018) : 

TATA CONSULTANCY SERVICES:

 

TCS

 

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

As we have mentioned last week, that support for the stock lies in the zone of 1900 to 1920 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1830 to 1850 where break out levels are lying. During the week the stock manages to hit a low of 1928 and close the week around the levels of 1979.

Support for the stock lies in the zone of 1900 to 1920 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1830 to 1850 where break out levels are lying.

Minor resistance for the stock lies in the zone of 1970 to 1980. Resistance for the stock lies in the zone of 2000 to 2020 where the stock has formed a top in the month of July-2018. If the stock manages to close above these levels then the stock can move to the levels of 2050 to 2070.

Broad range for the stock in the coming week is seen between 1900 to 1920 on downside & 2050 to 2070 on upside.

Infosys Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquiyPandit’s Outlook for Infosys for the week  (Aug 06, 2018 – Aug 10, 2018) : 

INFOSYS:

 

INFY

 

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

As we have mentioned last week, that minor support for the stock lies around 1340 to 1350. Support for the stock lies in the zone of 1270 to 1280 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels the stock can drift to the levels of 1240 to 1250 from where the stock broke out of May-2018 high. During the week the stock manages to hit a low of 1336 and close the week around the levels of 1364.

Minor support for the stock lies around 1340 to 1350. Support for the stock lies in the zone of 1270 to 1280 where Fibonacci levels are lying. If the stock manages to close below these levels the stock can drift to the levels of 1240 to 1250 from where the stock broke out of May-2018 high.

Resistance for the stock lies in the zone of 1380 to 1400 where long term trend-line resistance for the stock is lying. If the stock manages to close above these levels then the stock can move to the levels of around 1430 to 1450.

Broad range for the stock in the coming week is seen between 1320 to 1340 on downside & 1400 to 1420 on upside.

SBI Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for SBI for the week  (Aug 06, 2018 – Aug 10, 2018) : 

STATE BANK OF INDIA:

 

SBIN

 

SBIN closed the week on positive note gaining around 4.20%.

As we have mentioned last week, that resistance for the stock lies in the zone of 285 to 290 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 300 to 305 where Fibonacci levels are lying. During the week the stock manages to hit a high of 303 and close the week around the levels of 299.

Minor support for the stock lies around 285 to 290. Support for the stock lies in the zone of 275 to 280 where long term moving averages and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 265 to 270 where medium term moving averages and Fibonacci levels are lying.

Resistance for the stock lies in the zone of 300 to 305 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 320 to 325.

Broad range for the stock in the coming week can be 280 to 285 on lower side & 320 to 325 on upper side.

Axis Bank Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for Axis Bank for the week  (Aug 06, 2018 – Aug 10, 2018) : 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 4.00%.

As we have mentioned last week, that support for the stock lies in the zone of 540 to 545 where Fibonacci levels and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 525 to 530 where Fibonacci levels and short & medium term moving averages are lying. During the week the stock manages to hit a low of 538 and close the week around the levels of 575.

Minor support for the stock lies around 560 to 565. Support for the stock lies in the zone of 540 to 545 where Fibonacci levels and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 525 to 530 where Fibonacci levels and short & medium term moving averages are lying.

Resistance for the stock lies in the zone of 575 to 580 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 595 to 600 where trend-line joining earlier high is lying.

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

ICICI Bank Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for ICICI Bank for the week  (Aug 06, 2018 – Aug 10, 2018) : 

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on positive note gaining around 4.00%.

As we have mentioned last week, that resistance for the stock lies in the zone of 300 to 303 where break down levels and long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 315 to 320 where Fibonacci levels and high for the month of May-2018 is lying. During the week the stock manages to hit a high of 309 and close the week around the levels of 305.

Minor support for the stock lies around 292 to 298. Support for the stock lies in the zone of 280 to 285 where 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 260 to 265 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 303 to 305 where break down levels and long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 315 to 320 where Fibonacci levels and high for the month of May-2018 is lying.

Broad range for the stock in the coming week can be 280 – 285 on lower side & 320 – 325 on upper side.

HDFC Bank Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for HDFC Bank for the week   (Aug 06, 2018 – Aug 10, 2018) : 

HDFC BANK:

 

HDFCBANK

 

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

As we have mentioned last week, that resistance for the stock lies in the zone of 2200 to 2220 where the index has formed a high in the month of July-2018. If the stock manages to close above these levels then the stock can move to the levels of 2250 to 2270. During the week the stock manages to hit a high of 2199 and close the week around the levels of 2122.

Support for the stock lies in the zone of 2080 to 2100 where break out levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of around 2030 to 2050 where Fibonacci levels and medium term moving averages are lying.

Minor resistance for the stock lies around 2140 to 2160. Resistance for the stock lies in the zone of 2200 to 2220 where the index has formed a high in the month of July-2018. If the stock manages to close above these levels then the stock can move to the levels of 2250 to 2270.

Broad range for the stock in the coming week can be 2060 to 2080 on lower side & 2160 to 2180 on upper side.

Nifty Media Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for NIFTY MEDIA for the week   (Aug 06, 2018 – Aug 10, 2018) : 

NIFTY MEDIA:

 

NIFTYMEDIA

 

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

As we have mentioned last week, that minor resistance lies around 2850 to 2900. Resistance for the index lies in the zone of 2950 to 3000 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 3050 to 3100 where Fibonacci levels and short term moving averages are lying. During the week the index manages to hit a high of 2876 and close the week around the levels of 2868.

Support for the index lies in the zone of 2750 to 2800 where long term trend-line support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 2650 to 2700 where Fibonacci levels are lying.

Minor resistance lies around 2850 to 2900. Resistance for the index lies in the zone of 2950 to 3000 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 3050 to 3100 where Fibonacci levels and short term moving averages are lying.

Broad range for the index is seen between 2650 to 2700 on downside & 2950 to 3000 on upside.

Nifty Realty Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for NIFTY REALTY for the week  (Aug 06, 2018 – Aug 10, 2018) : 

NIFTY REALTY:

 

NIFTYREALT

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 275 to 280 where trend-line resistance for the index and high for the month of July-2018 are lying. If the index manages to close above these levels then the index can move to the levels of 288 to 290 where Fibonacci levels and medium term moving averages are lying. During the week the index manages to hit a high of 275 and close the week around the levels of 270.

Support for the index lies in the zone of 260 to 263 from where the index has broken out. If the index manages to close below these levels then the index can drift to the levels of 250 to 255 where long term Fibonacci levels and low for the month of July-2018 are lying.

Resistance for the index lies in the zone of 275 to 280 where trend-line resistance for the index and high for the month of July-2018 are lying. If the index manages to close above these levels then the index can move to the levels of 288 to 290 where Fibonacci levels and medium term moving averages are lying.

Broad range for the index is seen between 255 to 260 on downside & 280 to 285 on upside.

Nifty PSU Bank Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Aug 06, 2018 – Aug 10, 2018) :  

NIFTY PSU BANK:

 

NIFTYPSUBA

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 3150 to 3200 where the index has formed a high in the month of May-2018 and long term 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 from where the index has broken down. During the week the index manages to hit a high of 3165 and close the week around the levels of 3239.

Support for the index lies in the zone of 3120 to 3170 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 2950 to 3000 from where the index has opened gap up and short term moving averages are lying.

Resistance for the index lies in the zone of 3250 to 3300 from where the index has broken down in the month of February-2018 and long term 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 from where the index has broken down and Fibonacci levels are lying.

Broad range for the index is seen between 3000 to 3050 on downside & 3400 to 3450 on upside.

Nifty Metal Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for NIFTY METAL for the week (Aug 06, 2018 – Aug 10, 2018) :  

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on positive note gaining around 2.50%.

As we have mentioned last week, that resistance for the index lies in the zone of 3400 to 3450 from where the index has broken down from the double bottom pattern and short term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3550 to 3600 where Fibonacci levels and medium term moving averages are lying. During the week the index manages to hit a high of 3387 and close the week around the levels of 3381.

Minor support for the index lies around 3250 to 3300. Support for the index lies in the zone of 3150 to 3200 from where the index broke out in the month of July-2018. If the index manages to close below these levels then the index can drift to the levels of 3050 to 3100 where the index has formed a bottom in the month of July-2018.

Resistance for the index lies in the zone of 3400 to 3450 from where the index has broken down from the double bottom pattern and short term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3550 to 3600 where Fibonacci levels and medium term moving averages are lying.

Broad range for the index is seen between 3200 to 3250 on downside & 3550 to 3600 on upside.

Nifty Energy Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (Aug 06, 2018 – Aug 10, 2018) :  

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 3.50%.

As we have mentioned last week, that resistance for the index lies in the zone of 15000 to 15100 where Fibonacci extension levels are lying. If the index manages to close above these levels then the index can move to the levels of 15300 to 15400. During the week the index manages to hit a high of 15338 and close the week around the levels of 15206.

Support for the index lies in the zone of 15000 to 15100 where Fibonacci extension levels are lying. If the index manages to close below these levels then the index can drift to the levels of 14500 to 14600 from where the index broke out of earlier high.

Resistance for the index lies in the zone of 15300 to 15400. If the index manages to close above these levels then the index can move to the levels of 15600 to 15700.

Broad range for the index is seen between 14500 to 14600 on downside & 15500 to 15600 on upside.

Nifty Auto Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for NIFTY Auto for the week  (Aug 06, 2018 – Aug 10, 2018) :  

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 0.90%.

As we have mentioned last week, that minor resistance for the index lies around 10900 to 11000. Resistance for the index lies in the zone of 11300 to 11350 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can move to the levels of 11450 to 11550 from where the index has broken down and Fibonacci levels are lying. During the week the index manages to hit a high of 11000 and close the week around the levels of 10775.

Support for the index lies in the zone of 10500 to 10600 where the index has taken support in the month of September-2017 and March-2018. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 where Fibonacci levels are lying.

Minor resistance for the index lies around 10900 to 11000. Resistance for the index lies in the zone of 11300 to 11350 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can move to the levels of 11450 to 11550 from where the index has broken down and Fibonacci levels are lying.

Broad range for the index is seen from 10400 to 10500 on downside & 11200 to 11300 on upside.

Nifty Pharma Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for NIFTY Pharma for the week  (Aug 06, 2018 – Aug 10, 2018) :  

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA 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 9080 to 9150 where Fibonacci levels and long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where high for the month of February-2018 and June-2018 is lying. During the week the index manages to hit a high of 9559 and close the week around the levels of 9501.

Support for the index lies in the zone of 9150 to 9200 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8850 to 8900 where break out levels and medium term moving averages are lying.

Resistance for the index lies in the zone of 9500 to 9600 from where the index has broken down in the month of January-2018. If the index manages to close above these levels then the index can move to the levels of 9950 to 10000 where high for the month of November-2017 and January-2018 are lying.

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

Nifty FMCG Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for NIFTY FMCG for the week (Aug 06, 2018 – Aug 10, 2018) :  

NIFTY FMCG:

 

NIFTYFMCG

 

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

As we have mentioned last week, that the index is trading at life time high so virtually no resistance lies. Resistance for the index lies around 31000 to 31200. If the index manages to close above 31200 then the index can move to the levels of 31500 to 31700 where trend-line joining earlier high is lying. During the week the index manages to hit a high of 31491 and close the week around the levels of 31425.

Minor support for the index lies around 30800 to 31000. Support for the index lies in the zone of 30200 to 30400 from where the index has opened gap up. If the index manages to close below these levels then the index can drift to the levels of 29300 to 29500 from where the index has opened gap up and short term moving averages are lying.

The index is trading at life time high so virtually no resistance lies. Resistance for the index lies around 31500 to 31700 where trend-line joining earlier high is lying. If the index manages to close above these levels then the index can move to the levels of 32100 to 32200.

Broad range for the index in the coming week is seen from 30200 to 30400 on downside & 32200 to 32400 on upside.

Nifty IT Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Aug 06, 2018 – Aug 10, 2018) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 14700 to 14800 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 15200 to 15300. During the week the index manages to hit a high of 14740 and close the week around the levels of 14649.

Minor support for the index lies around 14400 to 14500. Support for the index lies in the zone of 14200 to 14300 from where the index broke out of the top formed in the month of April-2018 and June-2018. If the index manages to close below these levels then the index can drift to the levels of 13400 to 13500 from where the index broke out of January-2018 high.

Resistance for the index lies in the zone of 14700 to 14800 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 15200 to 15300.

Broad range for the index in the coming week is seen from 14200 to 14300 on downside & 14900 to 15000 on upside.

Nifty Bank Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Aug 06, 2018 – Aug 10, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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

As we have mentioned, last week that support for the index lies in the zone 27000 to 27200 from where the index broke out of double top pattern. If the index manages to close below these levels then the index can drift to the levels of 26400 to 26500 where Fibonacci levels and short term moving averages are lying. During the week the index manages to hit a low of 27328 and close the week around the levels of 27695.

Support for the index lies in the zone 27000 to 27200 from where the index broke out of double top pattern. If the index manages to close below these levels then the index can drift to the levels of 26400 to 26500 where Fibonacci levels and short term moving averages are lying.

Resistance for the index lies in the zone of 27600 to 27700 where the index has formed a top in the month of January-2018. If the index manages to close above these levels then the index can move to the levels of 28000 to 28100.

Range for the week is seen from 26800 to 27000 on downside & 28000 to 28200 on upside.

Nifty Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for Nifty for the week  (Aug 06, 2018 – Aug 10, 2018):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that the index is trading at all time high so virtually no resistance exists. Resistance for the index lies around 11400 to 11500 where target of triangle break out pattern lies. If the index manages to close above these levels then the index can move to the levels of 11700 to 11800. During the week the index manages to hit a high of 11391 and close the week around the levels of 11361.

Support for the index lies in the zone of 11100 to 11200 from where the index broke out of earlier high. If the index manages to close below these levels then the index can drift to the levels of 10900 to 11000 from where the index broke out of double top and triangle pattern.

The index is trading at all time high so virtually no resistance exists. Resistance for the index lies around 11400 to 11500 where target of triangle break out pattern lies. If the index manages to close above these levels then the index can move to the levels of 11700 to 11800.

Broad range for the week is seen from 11000 on downside & 11600 on upside.

MCX Tips for – August 03, 2018

Gold (29451): Gold is trading into negative zone and traders can go short at every rise or hold short positions until Gold closes above  29686  levels.

Silver (37941):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38403  levels.

Crude (4744): Crude is trading into negative zone and traders can go short at every rise or hold short positions until Crude closes above 4772  levels.

Natural Gas (194.30): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 188.30 levels.

Copper (424.10): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 430.60.

Zinc (177.95): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 175.10  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 closes above 149.65 levels.

Nickel (916.30):  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 940.10 levels.

Aluminium (139.45): Aluminium has entered into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 142.70 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 – August 01, 2018

Gold (29653): Gold is trading into negative zone and traders can go short at every rise or hold short positions until Gold closes above  29831  levels.

Silver (38321):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38608  levels.

Crude (4728): Crude is trading into positive zone and traders can go long at every dip or hold long positions until Crude closes below 4659  levels.

Natural Gas (192.80): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 190.00 levels.

Copper (437.15): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes below 430.00.

Zinc (181.95): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 175.10  levels.

Lead (148.50): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 149.65 levels.

Nickel (964.70):  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 939.20 levels.

Aluminium (142.25): Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 140.20 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

MCX Tips for – July 31, 2018

Gold (29766): Gold is trading into negative zone and traders can go short at every rise or hold short positions until Gold closes above  29921  levels.

Silver (38342):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38608  levels.

Crude (4824): Crude is trading into positive zone and traders can go long at every dip or hold long positions until Crude closes below 4659  levels.

Natural Gas (193.20): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 189.60 levels.

Copper (432.60): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes below 430.00.

Zinc (176.70): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 175.20  levels.

Lead (148.40): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 150.00 levels.

Nickel (952.80):  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 929.20 levels.

Aluminium (142.65): Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 140.90 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

MCX Tips for – July 30, 2018

Gold (29780): Gold is trading into negative zone and traders can go short at every rise or hold short positions until Gold closes above  29924  levels.

Silver (38326):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38608  levels.

Crude (4714): Crude is trading into positive zone and traders can go long at every dip or hold long positions until Crude closes below 4650  levels.

Natural Gas (192.60): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 188.90 levels.

Copper (425.85): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes below 422.40.

Zinc (180.45): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 175.10  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 closes above 149.65 levels.

Nickel (941.30):  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 942.70 levels.

Aluminium (140.45): Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 140.00 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Natural Gas Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for Natural Gas for the week   (July 30, 2018 – Aug 03, 2018) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS closed the week on positive note gaining around 1.30%.

As we have mentioned last week, that support for the commodity lies in the zone of 187 to 190 where medium and long 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 178 to 182 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 187 and close the week around the levels of 193.

Support for the commodity lies in the zone of 187 to 190 where medium and long 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 178 to 182 where Fibonacci levels are lying.

Minor resistance for the commodity lies in the zone of 195 to 198. Resistance for the commodity lies in the zone of 210 to 215 where the gap is formed in the month of January-2018. If the commodity manages to close above these levels then the commodity can move to the levels of 225 to 230 where the commodity has formed a high in the month of January-2018.

Broad range for the commodity in the coming week can be seen between 175 – 180 on downside & 205 – 210 on upside.

Crude Oil Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (July 30, 2018 – Aug 03, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on positive note gaining around 0.20%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 4800 to 4850 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4950 to 5000 from where the commodity has broken down after consolidation and Fibonacci levels are lying. During the week the commodity manages to hit a high of 4812 and close the week around the levels of 4710.

Support for the commodity lies in the zone of 4550 to 4600 where medium term moving averages and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels 4300 to 4350 where the commodity has formed a bottom in the month of June-2018 and long term moving averages are lying.

Resistance for the commodity lies in the zone of 4800 to 4850 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4950 to 5000 from where the commodity has broken down after consolidation and Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 4500 – 4550 on downside & 4900 – 4950 on upside.

Aluminium Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for Aluminium for the week  (July 30, 2018 – Aug 03, 2018) :

ALUMINIUM:

 

ALUMINIUM 1

 

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

As we have mentioned last week, that resistance for the commodity lies in the zone of 144 to 146 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 150 to 152 from where the commodity broke down after consolidation. During the week the commodity manages to hit a high of 145 and close the week around the levels of 140.

Support for the commodity lies in the zone of around 134 to 136 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 127 to 130 where long term Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 144 to 146 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 150 to 152 from where the commodity broke down after consolidation.

Broad range for the commodity in the coming week can be seen between 130 – 133 on downside and 150 – 153 on upside.

Nickel Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for Nickel for the week  (July 30, 2018 – Aug 03, 2018) :

NICKEL:

 

NICKEL 1

 

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

As we have mentioned last week, that support for the commodity lies in the zone of 920 to 930 from where the commodity broke out of February-2018 high. If the commodity manages to close below these levels then the commodity can drift to the levels of around 900 to 910 where Fibonacci levels and long term moving averages are lying. During the week the commodity manages to hit a low of 917 and close the week around the levels of 941.

Support for the commodity lies in the zone of 920 to 930 from where the commodity broke out of February-2018 high. If the commodity manages to close below these levels then the commodity can drift to the levels of around 900 to 910 where Fibonacci levels and long term moving averages are lying.

Resistance for the commodity lies in the zone of 950 to 960 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 980 to 990 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 910 – 920 on downside & 960 – 970 on upside.

Lead Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for Lead for the week  (July 30, 2018 – Aug 03, 2018) :

LEAD:

 

LEAD 1

 

LEAD closed the week on negative note losing around 0.20%.

As we have mentioned last week, that support for the commodity lies in the zone of 145 to 150 where low for the month of April-2018 and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 135 to 140 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 145 and close the week around the levels of 146.

Support for the commodity lies in the zone of 145 to 147 where low for the month of April-2018 and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 135 to 140 where Fibonacci levels are lying.

Minor resistance for the commodity lies around 149 to 151. Resistance for the commodity lies in the zone of 155 to 160 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 170 to 172 where the commodity has formed a top in the month of February-2018 & May-2018.

Broad range for the commodity in the coming week can be seen between 135 – 140 on downside & 155 – 160 on upside.

Zinc Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for Zinc for the week  (July 30, 2018 – Aug 03, 2018) :

ZINC:

 

ZINC 1

 

ZINC closed the week on a positive note gaining around 0.60%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 178 to 182 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 190 to 195 from where the commodity broke down from June-2018 lows. During the week the commodity manages to hit a high of 183 and close the week around the levels of 180.

Support for the commodity lies in the zone of 165 to 170 where long term Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 150 to 155 where the commodity has formed a bottom in the month of June-2017.

Resistance for the commodity lies in the zone of 178 to 182 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 190 to 195 from where the commodity broke down from June-2018 lows.

Broad range for the commodity in the coming week can be seen between 165 – 170 on downside & 190 – 195 on upside.

Copper Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for Copper for the week   (July 30, 2018 – Aug 03, 2018) :

COPPER:

 

COPPER 1

 

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

As we have mentioned last week, that resistance for the commodity lies in the zone of 425 to 430 from where the commodity broke down from the lows of March-2018 & April-2018 and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 445 to 450 where short; medium and long term moving averages are lying. During the week the commodity manages to hit a high of 433 and close the week around the levels of 426.

Support for the commodity lies in the zone of 415 to 418 where the commodity has taken multiple support in the month of September-2017. If the commodity manages to close below these levels then the commodity can witness a major break down and it can drift to the levels of 400 to 405.

Resistance for the commodity lies in the zone of 425 to 430 from where the commodity broke down from the lows of March-2018 & April-2018 and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 445 to 450 where short; medium and long term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 405 – 410 on downside & 440 – 445 on upside.

Silver Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for Silver for the week  (July 30, 2018 – Aug 03, 2018) :

SILVER:

 

SILVER 1

 

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

As we have mentioned last week, that support for the commodity lies in the zone of 37900 to 38100 where the commodity has taken support in the month of April-2018 and May-2018. If the commodity manages to close below these levels then the commodity can drift to the levels of 37400 to 37500 where the commodity has taken support in the month of March-2018. During the week the commodity manages to hit a low of 38003 and close the week around the levels of 38326.

Support for the commodity lies in the zone of 37900 to 38100 where the commodity has taken support in the month of April-2018 and May-2018. If the commodity manages to close below these levels then the commodity can drift to the levels of 37400 to 37500 where the commodity has taken support in the month of March-2018.

Resistance for the commodity lies in the zone of 38800 to 39000 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 39500 to 39700 where short; medium and long term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 37500 – 37700 on downside & 39500 – 39700 on upside.

Gold Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for Gold for the week  (July 30, 2018 – Aug 03, 2018) :

GOLD:

 

GOLD 1

 

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

As we have mentioned last week, that support for the commodity lies in the zone of 29800 to 30000 where the commodity has taken multiple support in the month of Februay-2018 & March-2018. If the commodity manages to close below these levels then the commodity can drift to the levels of 29500 to 29600 from where the commodity broke out in the month of November-2017. During the week the commodity manages to hit a low of 29652 and close the week around the levels of 29780.

Support for the commodity lies in the zone of 29500 to 29600 from where the commodity broke out in the month of November-2017. If the commodity manages to close below these levels then the commodity can drift to the levels of 29000 to 29100 where Fibonacci levels are lying.

Minor resistance for the commodity lies around 29900 to 30000. Resistance for the commodity lies in the zone of 30400 to 30500 from where the commodity broke down from double bottom pattern and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30900 to 31000 from where the commodity broke down and short & medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 29200 – 29300 on downside & 30200 – 30300 on upside.

Colgate Palmolive Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for Colgate Palmolive for the week (July 30, 2018 – Aug 03, 2018) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on negative note losing around 2.00%.

As we have mentioned last week, that support for the stock lies in the zone of 1080 to 1100 where long term moving averages and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1030 to 1040 from where the stock broke out in the month of March-2018 and Fibonacci levels are lying. During the week the stock manages to hit a low of 1068 and close the week around the levels of 1102.

Support for the stock lies in the zone of 1060 to 1080 where long term trend-line support and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1030 to 1040 from where the stock broke out in the month of March-2018 and Fibonacci levels are lying.

Resistance for the stock lies around 1140 to 1160 from where the stock has broken down and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1180 to 1190 where high for the month of July-2018 and short term moving averages are lying.

Broad range for the stock is seen between 1040 to 1060 on downside & 1140 to 1160 on upside.

Dabur Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for DABUR for the week  (July 30, 2018 – Aug 03, 2018) :

DABUR:

 

DABUR

 

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

As we have mentioned last week, that support for the stock lies in the zone of 365 to 370 from where the stock broke out of January-2018 high 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 350 to 355 where Fibonacci levels and long term moving averages are lying. During the week the stock manages to hit a low of 370 and close the week around the levels of 386.

Minor support for the stock lies in the zone of 378 to 382. Support for the stock lies in the zone of 365 to 370 from where the stock broke out of January-2018 high 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 350 to 355 where Fibonacci levels and long term moving averages are lying.

Resistance for the stock lies in the zone of 390 to 395 where Fibonacci extension and high for the month of June-2018 is lying. If the stock manages to close above these levels then the stock can move to the levels of 400 to 405.

Broad range for the stock in the coming week can be seen between 370 to 375 on downside & 400 to 405 on upside.

Hindustan Unilever Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for Hindustan Unilever for the week  (July 30, 2018 – Aug 03, 2018) : 

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on absolutely flat note.

As we have mentioned last week, that support for the stock lies in the zone of 1620 to 1640 from where the stock broke out after consolidation and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1540 to 1560 where Fibonacci levels and medium term moving averages are lying. During the week the stock manages to hit a low of 1638 and close the week around the levels of 1659.

Support for the stock lies in the zone of 1620 to 1640 from where the stock broke out after consolidation and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1540 to 1560 where Fibonacci levels and medium term moving averages are lying.

Resistance for the stock lies in the zone of 1680 to 1700 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 1740 to 1760.

Broad range for the stock in coming week is seen between 1600 to 1620 on downside & 1700 to 1720 on upside.

ITC Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for ITC for the week  (July 30, 2018 – Aug 03, 2018) : 

ITC:

 

ITC

 

ITC closed the week on positive note gaining around 10.20%.

As we have mentioned last week, that resistance for the stock lies in the zone of 275 to 278 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 285 to 290 where the stock has formed a double top pattern in the month of May-2018. During the week the stock manages to hit a high of 307 and close the week around the levels of 303.

Support for the stock lies in the zone of 290 to 295 from where the stock opened gap up and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 275 to 278 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 320 to 325 from where the stock has opened gap down and Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 335 to 340 from where the stock has broken down.

Broad range for the stock in coming week is seen between 285 to 290 on downside & 320 to 325 on upside.

Cipla Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for Cipla for the week  (July 30, 2018 – Aug 03, 2018) : 

CIPLA:

 

CIPLA

 

CIPLA closed the week on positive note gaining around 1.70%.

As we have mentioned last week, that minor support for the stock lies around 600 to 610. Support for the stock lies in the zone of 585 to 590 where long term moving averages are lying. If the stock manages to close below these levels then the stock can move to the levels of 565 to 570 where Fibonacci levels and short & medium term moving averages are lying. During the week the stock manages to hit a low of 613 and close the week around the levels of 636.

Minor support for the stock lies around 600 to 610. Support for the stock lies in the zone of 585 to 590 where long term moving averages are lying. If the stock manages to close below these levels then the stock can move to the levels of 565 to 570 where Fibonacci levels and short & medium term moving averages are lying.

Resistance for the stock lies in the zone of 640 to 650 where the stock has formed a high in the month of July-2018. If the stock manages to close above these levels then the stock can move to the levels of 660 to 670 where the stock has formed a high in the month of November-2017.

Broad range for the stock is seen in the range of 600 – 610 on downside & 655 – 665 on upside.

Dr. Reddy Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for Dr. Reddy for the week (July 30, 2018 – Aug 03, 2018) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 1.50%.

As we have mentioned last week, that resistance for the stock lies in the zone of 2130 to 2150 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 2200 to 2220 from where the stock broke down and long term moving averages are lying. During the week the stock manages to hit a high of 2191 and close the week around the levels of 2083.

Support for the stock lies in the zone of 2020 to 2040 from where the stock broke out of consolidation in the month of June-2018. If the stock manages to close below these levels then the stock can drift to the levels of 1900 to 1950 where the stock has taken support in the month of May-2018 and long term Fibonacci levels are lying.

Resistance for the stock lies in the zone of 2130 to 2150 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 2200 to 2220 from where the stock broke down and long term moving averages are lying.

Broad range for the stock is seen from 1900 – 1950 on downside & 2200 – 2250 on upside.

Lupin Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for Lupin for the week  (July 30, 2018 – Aug 03, 2018) : 

LUPIN:

 

LUPIN

 

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

As we have mentioned last week, that support for the stock lies in the zone of 780 to 790 from where the stock broke out in the month of June-2018. If the stock manages to close below these levels then the stock can drift to the levels of 740 to 750 where low for the month of June-2018 is lying. During the week the stock manages to hit a low of 790 and close the week around the levels of 815.

Support for the stock lies in the zone of 780 to 790 from where the stock broke out in the month of June-2018. If the stock manages to close below these levels then the stock can drift to the levels of 740 to 750 where low for the month of June-2018 is lying.

Resistance for the stock lies in the zone of 820 to 830 where short & long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 855 to 865 where Fibonacci levels are lying.

Broad range for the stock in coming week can be seen from 760 – 770 on lower side & 840 – 850 on upper side.

Sun Pharma Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for Sun Pharma for the week  (July 30, 2018 – Aug 03, 2018) : 

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on negative note losing around 0.60%.

As we have mentioned last week, that minor support for the stock lies in the zone of 550 to 555. Support for the stock lies in the zone of 530 to 540 where high for the month of May-2018 and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 515 to 520 where Fibonacci levels are lying. During the week the stock manages to hit a low of 551 and close the week around the levels of 557.

Minor support for the stock lies in the zone of 550 to 555. Support for the stock lies in the zone of 530 to 540 where high for the month of May-2018 and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 515 to 520 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 575 to 580 from where the stock has broken down in the month of February-2018. If the stock manages to close above these levels then the stock can move to the levels of 600 to 605 where the stock has formed a double top pattern in the month of January-2018 and February-2018.

Broad range for the stock in the coming week can be 530 – 540 on lower side & 575 – 580 on upper side.

Wipro Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for Wipro for the week  (July 30, 2018 – Aug 03, 2018) : 

WIPRO:

 

WIPRO

 

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

As we have mentioned last week, that minor support for the stock lies around 275 to 278. Support for the stock lies in the zone of 268 to 270 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 250 to 255 where the stock has taken multiple support in the month of June-2017. During the week the stock manages to hit a low of 263 and close the week around the levels of 275.

Support for the stock lies in the zone of 268 to 270 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 250 to 255 where the stock has taken multiple support in the month of June-2017.

Resistance for the stock lies in the zone of 285 to 290 where Fibonacci levels and long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 300 to 305 where Fibonacci levels are lying.

Broad range for the stock in the coming week is seen between 260 to 265 on downside & 285 to 290 on upside.

HCL Tech Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for HCL Tech for the week (July 30, 2018 – Aug 03, 2018) : 

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on negative note losing around 3.60%.

As we have mentioned last week, that resistance for the stock lies in the zone of 1000 to 1020 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 1050 to 1060 where Fibonacci levels are lying. During the week the stock manages to hit a high of 1011 and close the week around the levels of 963.

Support for the stock lies in the zone of 960 to 970 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 920 to 930 where Fibonacci levels and short & long term moving averages are lying.

Resistance for the stock lies in the zone of 1000 to 1020 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 1050 to 1060 where Fibonacci levels are lying.

Broad range for the stock in the coming week is seen between 900 to 910 on downside & 1000 to 1010 on upside.

TCS Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for TCS for the week  (July 30, 2018 – Aug 03, 2018) : 

TATA CONSULTANCY SERVICES:

 

TCS

 

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

As we have mentioned last week, that resistance for the stock lies in the zone of 2000 to 2020. If the stock manages to close above these levels then the stock can move to the levels of 2050 to 2070. During the week the stock manages to hit a high of 2015 and close the week around the levels of 1944.

Support for the stock lies in the zone of 1900 to 1920 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1830 to 1850 where break out levels are lying.

Minor resistance for the stock lies in the zone of 1970 to 1980. Resistance for the stock lies in the zone of 2000 to 2020 where the stock has formed a top in the month of July-2018. If the stock manages to close above these levels then the stock can move to the levels of 2050 to 2070.

Broad range for the stock in the coming week is seen between 1900 to 1920 on downside & 2000 to 2020 on upside.

Infosys Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquiyPandit’s Outlook for Infosys for the week  (July 30, 2018 – Aug 03, 2018) : 

INFOSYS:

 

INFY

 

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

As we have mentioned last week, that resistance for the stock lies in the zone of 1340 to 1350. If the stock manages to close above these levels then the stock can move to the levels of around 1380 to 1400 where long term trend-line resistance for the stock is lying. During the week the stock manages to hit a high of 1394 and close the week around the levels of 1373.

Minor support for the stock lies around 1340 to 1350. Support for the stock lies in the zone of 1270 to 1280 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels the stock can drift to the levels of 1240 to 1250 from where the stock broke out of May-2018 high.

Resistance for the stock lies in the zone of 1380 to 1400 where long term trend-line resistance for the stock is lying. If the stock manages to close above these levels then the stock can move to the levels of around 1430 to 1450.

Broad range for the stock in the coming week is seen between 1320 to 1340 on downside & 1400 to 1420 on upside.

SBI Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for SBI for the week  (July 30, 2018 – Aug 03, 2018) : 

STATE BANK OF INDIA:

 

SBIN

 

SBIN closed the week on positive note gaining around 9.60%.

As we have mentioned last week, that minor resistance for the stock lies around 266 to 270. Resistance for the stock lies in the zone of 275 to 280 where long term moving averages and Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 285 to 290 where Fibonacci levels are lying. During the week the stock manages to hit a high of 297 and close the week around the levels of 287.

Support for the stock lies in the zone of 275 to 280 where long term moving averages and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 265 to 270 where medium term moving averages and Fibonacci levels are lying.

Resistance for the stock lies in the zone of 285 to 290 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 300 to 305 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be 270 to 275 on lower side & 300 to 305 on upper side.

Axis Bank Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for Axis Bank for the week  (July 30, 2018 – Aug 03, 2018) : 

AXIS BANK:

 

AXISBANK

 

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

As we have mentioned last week, that minor support for the stock lies around 520 to 525. Support for the stock lies in the zone of 500 to 505 where trend-line support for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 480 to 485 where the stock has taken support in the month of April-2018. During the week the stock manages to hit a low of 526 and close the week around the levels of 553.

Support for the stock lies in the zone of 540 to 545 where Fibonacci levels and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 525 to 530 where Fibonacci levels and short & medium term moving averages are lying.

Resistance for the stock lies in the zone of 555 to 560 where high for the month of May-2018 and June-2018 is lying. If the stock manages to close above these levels then the stock can move to the levels of 575 to 580 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be 530– 535 on lower side & 575 – 580 on upper side.

ICICI Bank Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for ICICI Bank for the week  (July 30, 2018 – Aug 03, 2018) : 

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on positive note gaining around 10.30%.

As we have mentioned last week, that minor resistance for the stock lies in the zone of 272 to 275. Resistance for the stock lies in the zone of 285 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 300 to 303 where break down levels and long term moving averages are lying. During the week the stock manages to hit a high of 295 and close the week around the levels of 293.

Support for the stock lies in the zone of 280 to 285 where 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 260 to 265 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 300 to 303 where break down levels and long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 315 to 320 where Fibonacci levels and high for the month of May-2018 is lying.

Broad range for the stock in the coming week can be 270 – 275 on lower side & 315 – 320 on upper side.

HDFC Bank Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for HDFC Bank for the week   (July 30, 2018 – Aug 03, 2018) : 

HDFC BANK:

 

HDFCBANK

 

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

As we have mentioned last week, that minor support for the stock lies around 2140 to 2160. Support for the stock lies in the zone of 2080 to 2100 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of around 2030 to 2050 where Fibonacci levels and short term moving averages are lying. During the week the stock manages to hit a low of 2138 and close the week around the levels of 2202.

Minor support for the stock lies around 2140 to 2160. Support for the stock lies in the zone of 2080 to 2100 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of around 2030 to 2050 where Fibonacci levels and short term moving averages are lying.

Resistance for the stock lies in the zone of 2200 to 2220 where the index has formed a high in the month of July-2018. If the stock manages to close above these levels then the stock can move to the levels of 2250 to 2270.

Broad range for the stock in the coming week can be 2160 to 2180 on lower side & 2230 to 2250 on upper side.

Nifty Media Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for NIFTY MEDIA for the week   (July 30, 2018 – Aug 03, 2018) : 

NIFTY MEDIA:

 

NIFTYMEDIA

 

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

As we have mentioned last week, that support for the index lies in the zone of 2750 to 2800 where long term trend-line support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 2650 to 2700 where Fibonacci levels are lying. During the week the index manages to hit a low of 2791 and close the week around the levels of 2828.

Support for the index lies in the zone of 2750 to 2800 where long term trend-line support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 2650 to 2700 where Fibonacci levels are lying.

Minor resistance lies around 2850 to 2900. Resistance for the index lies in the zone of 2950 to 3000 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 3050 to 3100 where Fibonacci levels and short term moving averages are lying.

Broad range for the index is seen between 2650 to 2700 on downside & 2950 to 3000 on upside.

Nifty Realty Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for NIFTY REALTY for the week  (July 30, 2018 – Aug 03, 2018) : 

NIFTY REALTY:

 

NIFTYREALT

 

Nifty REALTY index closed the week on positive note gaining around 4.20%.

As we have mentioned last week, that resistance for the index lies in the zone of 260 to 265 from where the index has broken down from the June-2018 lows. If the index manages to close above these levels then the index can move to the levels of 275 to 280 where trend-line resistance for the index is lying. During the week the index manages to hit a high of 270 and close the week around the levels of 268.

Support for the index lies in the zone of 260 to 263 from where the index has broken out. If the index manages to close below these levels then the index can drift to the levels of 250 to 255 where long term Fibonacci levels and low for the month of July-2018 are lying.

Resistance for the index lies in the zone of 275 to 280 where trend-line resistance for the index and high for the month of July-2018 are lying. If the index manages to close above these levels then the index can move to the levels of 288 to 290 where Fibonacci levels and medium term moving averages are lying.

Broad range for the index is seen between 255 to 260 on downside & 280 to 285 on upside.

Nifty PSU Bank Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (July 30, 2018 – Aug 03, 2018) :  

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on positive note gaining around 10.40%.

As we have mentioned last week, that resistance for the index lies in the zone of 2850 to 2900 where break out levels and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3050 to 3100 where the index has formed a high in the month of April-2018 & May-2018. During the week the index manages to hit a high of 3183 and close the week around the levels of 3094.

Support for the index lies in the zone of 2950 to 3000 from where the index has opened gap up and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 2850 to 2900 where Fibonacci levels and medium term moving averages are lying.

Resistance for the index lies in the zone of 3150 to 3200 where the index has formed a high in the month of May-2018 and long term 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 from where the index has broken down.

Broad range for the index is seen between 2800 to 2850 on downside & 3200 to 3250 on upside.

Nifty Metal Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for NIFTY METAL for the week (July 30, 2018 – Aug 03, 2018) :  

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on positive note gaining around 6.70%.

As we have mentioned last week, that support for the index lies in the zone of 3000 to 3050 from where the index broke out in the month of July-2017. If the index manages to close below these levels then the index can drift to the levels of 2850 to 2900 where long term Fibonacci levels are lying. During the week the index manages to hit a low of 3069 and close the week around the levels of 3298.

Minor support for the index lies around 3150 to 3200. Support for the index lies in the zone of 3000 to 3050 from where the index broke out in the month of July-2017. If the index manages to close below these levels then the index can drift to the levels of 2850 to 2900 where long term Fibonacci levels are lying.

Resistance for the index lies in the zone of 3400 to 3450 from where the index has broken down from the double bottom pattern and short term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3550 to 3600 where Fibonacci levels and medium term moving averages are lying.

Broad range for the index is seen between 3100 to 3150 on downside & 3550 to 3600 on upside.

Nifty Energy Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (July 30, 2018 – Aug 03, 2018) :  

NIFTY ENERGY:

 

NIFTYENERG

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 14600 to 14700 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 15000 to 15100 where Fibonacci extension levels are lying. During the week the index manages to hit a high of 14737 and close the week around the levels of 14694.

Support for the index lies in the zone of 14500 to 14600 from where the index broke out of earlier high. If the index manages to close below these levels then the index can drift to the levels of 14000 to 14100 from where the index broke out of June-2018 high and short & long term moving averages are lying.

Resistance for the index lies in the zone of 15000 to 15100 where Fibonacci extension levels are lying. If the index manages to close above these levels then the index can move to the levels of 15300 to 15400.

Broad range for the index is seen between 14200 to 14300 on downside & 15000 to 15100 on upside.

Nifty Auto Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for NIFTY Auto for the week  (July 30, 2018 – Aug 03, 2018) :  

NIFTY AUTO:

 

NIFTYAUTO

 

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

As we have mentioned last week, that support for the index lies in the zone of 10500 to 10600 where the index has taken support in the month of September-2017 and March-2018. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 where Fibonacci levels are lying. During the week the index manages to hit a low of 10600 and close the week around the levels of 10875.

Support for the index lies in the zone of 10500 to 10600 where the index has taken support in the month of September-2017 and March-2018. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 where Fibonacci levels are lying.

Minor support for the index lies around 10900 to 11000. Resistance for the index lies in the zone of 11300 to 11350 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can move to the levels of 11450 to 11550 from where the index has broken down and Fibonacci levels are lying.

Broad range for the index is seen from 10400 to 10500 on downside & 11200 to 11300 on upside.

Nifty Pharma Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for NIFTY Pharma for the week  (July 30, 2018 – Aug 03, 2018) :  

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that support for the index lies in the zone of 8850 to 8900 where break out levels and short & medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8500 to 8550 from where the index broke out in the month of June-2018. During the week the index manages to hit a low of 8858 and close the week around the levels of 9039.

Support for the index lies in the zone of 8850 to 8900 where break out levels and short & medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8500 to 8550 from where the index broke out in the month of June-2018.

Resistance for the index lies in the zone of 9080 to 9150 where Fibonacci levels and long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where high for the month of February-2018 and June-2018 is lying.

Broad range for the index is seen from 8800 to 8850 on downside & 9250 to 9300 on upside.

Nifty FMCG Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for NIFTY FMCG for the week (July 30, 2018 – Aug 03, 2018) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on positive note gaining around 5.00%.

As we have mentioned last week, that resistance for the index lies in the zone of 29600 to 29700 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 30000 to 30100. During the week the index manages to hit a high of 31015 and close the week around the levels of 30749.

Support for the index lies in the zone of 30200 to 30400 from where the index has opened gap up. If the index manages to close below these levels then the index can drift to the levels of 29300 to 29500 from where the index has opened gap up and short term moving averages are lying.

The index is trading at life time high so virtually no resistance lies. Resistance for the index lies around 31000 to 31200. If the index manages to close above 31200 then the index can move to the levels of 31500 to 31700 where trend-line joining earlier high is lying.

Broad range for the index in the coming week is seen from 29500 to 29700 on downside & 31500 to 31700 on upside.

Nifty IT Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (July 30, 2018 – Aug 03, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 1.20%.

As we have mentioned last week, that resistance for the index lies in the zone of 14700 to 14800 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 15200 to 15300. During the week the index manages to hit a high of 14769 and close the week around the levels of 14518.

Minor support for the index lies around 14400 to 14500. Support for the index lies in the zone of 14200 to 14300 from where the index broke out of the top formed in the month of April-2018 and June-2018. If the index manages to close below these levels then the index can drift to the levels of 13400 to 13500 from where the index broke out of January-2018 high.

Resistance for the index lies in the zone of 14700 to 14800 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 15200 to 15300.

Broad range for the index in the coming week is seen from 14000 to 14100 on downside & 14900 to 15000 on upside.

Nifty Bank Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (July 30, 2018 – Aug 03, 2018):

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on positive note gaining around 2.50%.

As we have mentioned, last week that minor support lies around the zone of 26600 to 26700. Support for the index lies in the zone 26400 to 26500 where Fibonacci 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 25900 to 26000 where Fibonacci levels and medium moving averages are lying. During the week the index manages to hit a low of 26671 and close the week around the levels of 27559.

Support for the index lies in the zone 27000 to 27200 from where the index broke out of double top pattern. If the index manages to close below these levels then the index can drift to the levels of 26400 to 26500 where Fibonacci levels and short term moving averages are lying.

Resistance for the index lies in the zone of 27500 to 27600 where the index has formed a top in the month of January-2018. If the index manages to close above these levels then the index can move to the levels of 28000 to 28100.

Range for the week is seen from 26800 to 27000 on downside & 28000 to 28200 on upside.

Nifty Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for Nifty for the week  (July 30, 2018 – Aug 03, 2018):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 11100 to 11200 where the index has formed a top in the month of January-2018. If the index manages to close above these levels then the index can move to the levels of 11400 to 11500. During the week the index manages to hit a high of 11283 and close the week around the levels of 11278.

Support for the index lies in the zone of 11100 to 11200 from where the index broke out of earlier high. If the index manages to close below these levels then the index can drift to the levels of 10900 to 11000 from where the index broke out of double top and triangle pattern.

The index is trading at all time high so virtually no resistance exists. Resistance for the index lies around 10400 to 10500 where target of triangle break out pattern lies. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800.

Broad range for the week is seen from 11000 on downside & 11500 on upside.

MCX Tips for – July 27, 2018

Gold (29788): Gold is trading into negative zone and traders can go short at every rise or hold short positions until Gold closes above  29924  levels.

Silver (38275):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38608  levels.

Crude (4800): Crude is trading into positive zone and traders can go long at every dip or hold long positions until Crude closes below 4648  levels.

Natural Gas (190.50): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 188.20 levels.

Copper (428.90): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes below 422.40.

Zinc (179.85): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 175.10  levels.

Lead (147.70): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 150.30 levels.

Nickel (942.00):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 942.70 levels.

Aluminium (141.10): Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 140.00 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

MCX Tips for – July 26, 2018

Gold (29915): Gold is trading into negative zone and traders can go short at every rise or hold short positions until Gold closes above  29924  levels.

Silver (38559):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38608  levels.

Crude (4778): Crude is trading into positive zone and traders can go long at every dip or hold long positions until Crude closes below 4614  levels.

Natural Gas (190.20): NG is trading into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG closes above 191.20 levels.

Copper (430.30): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes below 421.90.

Zinc (179.80): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 175.10  levels.

Lead (147.00): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 150.30 levels.

Nickel (936.70):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 942.70 levels.

Aluminium (140.50): Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 140.00 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

MCX Tips for – July 25, 2018

Gold (29863): Gold is trading into negative zone and traders can go short at every rise or hold short positions until Gold closes above  29924  levels.

Silver (38450):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38608  levels.

Crude (4745): Crude is trading into positive zone and traders can go long at every dip or hold long positions until Crude closes below 4605  levels.

Natural Gas (188.50): NG is trading into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG closes above 191.20 levels.

Copper (428.95): Copper has entered into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes below 419.60.

Zinc (181.10): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 174.50  levels.

Lead (147.20): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 150.60 levels.

Nickel (934.30):  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 942.70 levels.

Aluminium (142.45): Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 140.00 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

MCX Tips for – July 24, 2018

Gold (29872): Gold is trading into negative zone and traders can go short at every rise or hold short positions until Gold closes above  29924  levels.

Silver (38283):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38608  levels.

Crude (4690): Crude is trading into positive zone and traders can go long at every dip or hold long positions until Crude closes below 4605  levels.

Natural Gas (188.30): NG is trading into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG closes above 191.20 levels.

Copper (420.05): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 423.65.

Zinc (177.35): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 173.60  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 closes above 150.60 levels.

Nickel (918.40):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 942.70 levels.

Aluminium (141.90): Aluminium has entered into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 139.00 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

MCX Tips for – July 23, 2018

Gold (29895): Gold is trading into negative zone and traders can go short at every rise or hold short positions until Gold closes above  29924  levels.

Silver (38430):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 38608  levels.

Crude (4713): Crude is trading into positive zone and traders can go long at every dip or hold long positions until Crude closes below 4605  levels.

Natural Gas (190.10): NG is trading into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG closes above 191.20 levels.

Copper (420.45): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 423.65.

Zinc (179.15): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 173.60  levels.

Lead (146.10): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 150.60 levels.

Nickel (924.70):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 942.70 levels.

Aluminium (140.65): Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 141.65 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

Natural Gas Outlook for the Week (July 23, 2018 – July 27, 2018)

EquityPandit’s Outlook for Natural Gas for the week   (July 23, 2018 – July 27, 2018) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS closed the week on positive note gaining around 0.30%.

As we have mentioned last week, that support for the commodity lies in the zone of 187 to 190 where medium and long 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 178 to 182 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 187 and close the week around the levels of 190.

Support for the commodity lies in the zone of 187 to 190 where medium and long 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 178 to 182 where Fibonacci levels are lying.

Minor resistance for the commodity lies in the zone of 195 to 198. Resistance for the commodity lies in the zone of 210 to 215 where the gap is formed in the month of January-2018. If the commodity manages to close above these levels then the commodity can move to the levels of 225 to 230 where the commodity has formed a high in the month of January-2018.

Broad range for the commodity in the coming week can be seen between 175 – 180 on downside & 205 – 210 on upside.

Crude Oil Outlook for the Week (July 23, 2018 – July 27, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (July 23, 2018 – July 27, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on negative note losing around 3.60%.

As we have mentioned last week, that support for the commodity lies in the zone of 4750 to 4800 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels 4550 to 4600 where medium term moving averages and Fibonacci levels are lying. During the week the commodity manages to hit a low of 4585 and close the week around the levels of 4713.

Support for the commodity lies in the zone of 4550 to 4600 where medium term moving averages and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels 4300 to 4350 where the commodity has formed a bottom in the month of June-2018 and long term moving averages are lying.

Resistance for the commodity lies in the zone of 4800 to 4850 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4950 to 5000 from where the commodity has broken down after consolidation and Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 4500 – 4550 on downside & 4900 – 4950 on upside.

Aluminium Outlook for the Week (July 23, 2018 – July 27, 2018)

EquityPandit’s Outlook for Aluminium for the week  (July 23, 2018 – July 27, 2018) :

ALUMINIUM:

 

ALUMINIUM 1

 

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

As we have mentioned last week, that resistance for the commodity lies in the zone of 144 to 146 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 150 to 152 from where the commodity broke down after consolidation. During the week the commodity manages to hit a high of 143 and close the week around the levels of 141.

Support for the commodity lies in the zone of around 130 to 135 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 125 to 130 where long term Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 144 to 146 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 150 to 152 from where the commodity broke down after consolidation.

Broad range for the commodity in the coming week can be seen between 130 – 135 on downside and 150 – 155 on upside.