All posts by EquityPandit

Natural Gas Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for Natural Gas for the week   (Oct 15, 2018 – Oct 19, 2018) :

NATURAL GAS:

 

NATURALGAS 1

 

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

As we have mentioned last week, that support for the commodity lies in the zone of 225 to 230 from where the commodity broke out of high formed in the month of January-2018 and September-2018. If the commodity manages to close below these levels then the commodity can drift to the levels of 208 to 210 from where the commodity broke out of July-2018 and August-2018 high. During the week the commodity manages to hit a low of 231 and close the week around the levels of 234.

Support for the commodity lies in the zone of 225 to 230 from where the commodity broke out of high formed in the month of January-2018 and September-2018. If the commodity manages to close below these levels then the commodity can drift to the levels of 208 to 210 from where the commodity broke out of July-2018 and August-2018 high.

Resistance for the commodity lies in the zone of 238 to 241 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 255 to 260 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 210 – 215 on downside & 250 – 255 on upside.

Crude Oil Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (Oct 15, 2018 – Oct 19, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on negative note losing around 5.50%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 5450 to 5500. Support for the commodity lies in the zone of 5350 to 5400 from where the commodity broke out of September-2018 high. If the commodity manages to close below these levels then the commodity can drift to the levels 5150 to 5200 from where the commodity broke out of July-2018 high. During the week the commodity manages to hit a low of 5211 and close the week around the levels of 5243.

Support for the commodity lies in the zone of 5150 to 5200 from where the commodity broke out of July-2018 high. If the commodity manages to close below these levels then the commodity can drift to the levels 5050 to 5100 where Fibonacci levels and short term moving averages are lying.

Resistance for the commodity lies in the zone of 5350 to 5400 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 5500 to 5550 from where the commodity has broken down.

Broad range for the commodity in the coming week can be seen between 5000 – 5050 on downside & 5450 – 5500 on upside.

Aluminium Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for Aluminium for the week  (Oct 15, 2018 – Oct 19, 2018) :

ALUMINIUM:

 

ALUMINIUM 1

 

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

As we have mentioned last week, that support for the commodity lies in the zone of around 152 to 154 from where the commodity broke out of August-2018 & September-2018 high and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 146 to 148 where Fibonacci levels and short & medium term moving averages are lying. During the week the commodity manages to hit a low of 150 and close the week around the levels of 150.

Support for the commodity lies in the zone of around 148 to 150 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 143 to 145 where long term moving averages and low for the month of September-2018 is lying.

Resistance for the commodity lies in the zone of 153 to 155 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 158 to 160 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 140 – 143 on downside and 160 – 163 on upside.

Nickel Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for Nickel for the week  (Oct 15, 2018 – Oct 19, 2018) :

NICKEL:

 

NICKEL 1

 

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

As we have mentioned last week, that resistance for the commodity lies in the zone of 960 to 970 where Fibonacci levels and high for the month of August-2018 and September-2018 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 990 to 1000 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 963 and close the week around the levels of 933.

Minor support for the commodity lies around 920 to 930. Support for the commodity lies in the zone of 900 to 910 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 870 to 880 from where the commodity broke out in the month of April-2018.

Minor resistance for the commodity lies around 940 to 945. Resistance for the commodity lies in the zone of 960 to 970 where Fibonacci levels and high for the month of August-2018 and September-2018 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 990 to 1000 where Fibonacci levels are lying.

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

Lead Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for Lead for the week  (Oct  15, 2018 – Oct 19, 2018) :

LEAD:

 

LEAD 1

 

LEAD closed the week on positive note gaining around 2.90%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 150 to 152 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 154 to 156 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 155 and close the week around the levels of 152.

Support for the commodity lies in the zone of 148 to 150 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 138 to 140 where long term Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 153 to 155 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 158 to 160 from where the commodity has broken down in the month of July-2018 and Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 142 – 145 on downside & 160 – 163 on upside.

Zinc Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for Zinc for the week  (Oct 15, 2018 – Oct 19, 2018) :

ZINC:

 

ZINC 1

 

ZINC closed the week on a negative note losing around 0.10%.

As we have mentioned last week, that support for the commodity lies in the zone of 190 to 193 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 185 to 187 from where the commodity broke out of August-2018 & September-2018 high and Fibonacci levels are lying. During the week the commodity manages to hit a low of 193 and close the week around the levels of 198.

Support for the commodity lies in the zone of 190 to 193 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 185 to 187 from where the commodity broke out of August-2018 & September-2018 high and Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 198 to 200 from where the commodity broke down from May-2018 lows and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 205 to 207 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 180 – 185 on downside & 210 – 215 on upside.

Copper Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for Copper for the week   (Oct 15, 2018 – Oct 19, 2018) :

COPPER:

 

COPPER 1

 

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

As we have mentioned last week, that support for the commodity lies in the zone of 445 to 450 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 430 to 435 from where the commodity broke out of August-2018 high and short & long term moving averages are lying. During the week the commodity manages to hit a low of 448 and close the week around the levels of 460.

Support for the commodity lies in the zone of 445 to 450 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 430 to 435 from where the commodity broke out of August-2018 high and short & long term moving averages are lying.

Resistance for the commodity lies in the zone of 460 to 465 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 475 to 480.

Broad range for the commodity in the coming week can be seen between 445 – 450 on downside & 470 – 475 on upside.

Silver Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for Silver for the week  (Oct 15, 2018 – Oct 19, 2018) :

SILVER:

 

SILVER 1

 

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

As we have mentioned last week, that support for the commodity lies in the zone of 38600 to 38800 from where the commodity broke out of September-2018 high and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 38100 to 38200 where Fibonacci levels and medium term moving averages are lying. During the week the commodity manages to hit a low of 38336 and close the week around the levels of 38918.

Support for the commodity lies in the zone of 38600 to 38800 from where the commodity broke out of September-2018 high and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 38100 to 38200 where Fibonacci levels and medium term moving averages are lying.

Resistance for the commodity lies in the zone of 39400 to 39500 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 40000 to 40200 where high for the month of July-2018 is lying.

Broad range for the commodity in the coming week can be seen between 38000 – 38200 on downside & 40000 – 40200 on upside.

Gold Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for Gold for the week  (Oct 15, 2018 – Oct 19, 2018) :

GOLD:

 

GOLD 1

 

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

As we have mentioned last week, that resistance for the commodity lies in the zone of 31700 to 31800 where the commodity has formed a high in the month of May-2018 and June-2018. If the commodity manages to close above these levels then the commodity can move to the levels of 32000 to 32200. During the week the commodity manages to hit a high of 32014 and close the week around the levels of 31846.

Support for the commodity lies in the zone of 31700 to 31800 where the commodity has formed a high in the month of May-2018 and June-2018. If the commodity manages to close below these levels then the commodity can drift to the levels of 31100 to 31200 from where the commodity broke out of September-2018 high and Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 32000 to 32200 from where the commodity has broken down in the month of August-2016. If the commodity manages to close above these levels then the commodity can move to the levels of 32800 to 33000 where the commodity has formed a high in the month of July-2016.

Broad range for the commodity in the coming week can be seen between 31300 – 31500 on downside & 32300 – 32500 on upside.

Colgate Palmolive Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for Colgate Palmolive for the week (Oct 15, 2018 – Oct 19, 2018) :

COLGATE PALMOLIVE:

 

COLPAL

 

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

As we have mentioned last week, that minor resistance for the stock lies around 1090 to 1100. Resistance for the stock lies around 1120 to 1130 where long & short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1160 to 1170 where Fibonacci levels and medium term moving averages are lying. During the week the stock manages to hit a high of 1107 and close the week around the levels of 1100.

Minor support for the stock lies around 1075 to 1085. Support for the stock lies in the zone of 1050 to 1060 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1010 to 1020 where the stock has formed a short term bottom.

Resistance for the stock lies around 1120 to 1130 where long & short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1160 to 1170 where Fibonacci levels are lying.

Broad range for the stock is seen between 1030 to 1050 on downside & 1150 to 1170 on upside.

Dabur Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for DABUR for the week  (Oct 15, 2018 – Oct 19, 2018) :

DABUR:

 

DABUR

 

Dabur closed the week on negative note losing around 2.80%.

As we have mentioned last week, that support for the stock lies in the zone of 415 to 420 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 395 to 400 from where the stock broke out from June-2018 high. During the week the stock manages to hit a low of 384 and close the week around the levels of 408.

Support for the stock lies in the zone of 385 to 390 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 360 to 365 where Fibonacci levels are lying.

Resistance for the stock lies around 420 to 425 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 450 to 455 where Fibonacci levels and short term moving averages are lying.

Broad range for the stock in the coming week can be seen between 380 to 385 on downside & 435 to 440 on upside.

Hindustan Unilever Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for Hindustan Unilever for the week  (Oct 15, 2018 – Oct 19, 2018) : 

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on positive note gaining around 0.60%.

As we have mentioned last week, that support for the stock lies in the zone of 1530 to 1540 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 1480 to 1500 where Fibonacci levels are lying. During the week the stock manages to hit a low of 1477 and close the week around the levels of 1570.

Support for the stock lies in the zone of 1530 to 1540 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 1480 to 1500 where Fibonacci levels are lying.

Minor resistance for the stock lies around 1600 to 1610. Resistance for the stock lies in the zone of 1640 to 1660 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 1680 to 1700 from where the stock broke down after consolidation.

Broad range for the stock in coming week is seen between 1510 to 1530 on downside & 1630 to 1640 on upside.

ITC Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for ITC for the week  (Oct 15, 2018 – Oct 19, 2018) : 

ITC:

 

ITC

 

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

As we have mentioned last week, that support for the stock lies in the zone of 270 to 273 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 265 where low for the month of June-2018 and July-2018 is lying. During the week the stock manages to hit a low of 264 and close the week around the levels of 275.

Support for the stock lies in the zone of 270 to 273 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 265 where low for the month of June-2018 and July-2018 is lying.

Resistance for the stock lies in the zone of 280 to 285 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 290 to 295 where Fibonacci levels are lying.

Broad range for the stock in coming week is seen between 260 to 265 on downside & 290 to 295 on upside.

Lupin Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for Lupin for the week  (Oct 15, 2018 – Oct 19, 2018) : 

LUPIN:

 

LUPIN

 

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

As we have mentioned last week, that support for the stock lies in the zone of 820 to 830 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 790 to 800 where low for the month of July-2018 and August-2018 is lying. During the week the stock manages to hit a low of 818 and close the week around the levels of 846.

Support for the stock lies in the zone of 820 to 830 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 790 to 800 where low for the month of July-2018 and August-2018 is lying.

Resistance for the stock lies in the zone of 875 to 885 where short & medium 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 900 to 910 from where the stock broke down after consolidation.

Broad range for the stock in coming week can be seen from 790 – 800 on lower side & 890 – 900 on upper side.

Cipla Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for Cipla for the week  (Oct 15, 2018 – Oct 19, 2018) : 

CIPLA:

 

CIPLA

 

CIPLA closed the week on negative note losing around 2.20%.

As we have mentioned last week, that minor resistance for the stock lies around 645 to 650. Resistance for the stock lies in the zone of 670 to 680 where the stock has formed a high in the month of August-2018 and September-2018. If the stock manages to close above these levels then the stock can move to the levels of 700 to 710. During the week the stock manages to hit a high of 651 and close the week around the levels of 623.

Support for the stock lies in the zone of 600 to 610 where long term moving averages and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can move to the levels of 570 to 580 where Fibonacci levels are lying.

Minor resistance for the stock lies around 630 to 635. Resistance for the stock lies in the zone of 645 to 650 where Fibonacci levels and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 670 to 680 where the stock has formed a high in the month of August-2018 and September-2018.

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 (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for Dr. Reddy for the week  (Oct 15, 2018 – Oct 19, 2018) : 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 2.30%.

As we have mentioned last week, that resistance for the stock lies in the zone of 2500 to 2530 where high for the month of August-2018 is lying. If the stock manages to close above these levels then the stock can move to the levels of 2630 to 2670 where high for the month of January-2018 and September-2018 are lying. During the week the stock manages to hit a high of 2516 and close the week around the levels of 2451.

Support for the stock lies in the zone of 2350 to 2380 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2220 to 2250 where Fibonacci levels and long term moving averages are lying.

Resistance for the stock lies in the zone of 2500 to 2530 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 2630 to 2670 where high for the month of January-2018 and September-2018 are lying.

Broad range for the stock is seen from 2300 – 2350 on downside & 2550 – 2600 on upside.

Sun Pharma Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for Sun Pharma for the week  (Oct 15, 2018 – Oct 19, 2018) : 

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on negative note losing around 1.30%.

As we have mentioned last week, that minor resistance for the stock lies around 615 to 620. Resistance for the stock lies in the zone of 640 to 650 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 670 to 680 where high for the month of September-2018 is lying. During the week the stock manages to hit a high of 620 and close the week around the levels of 591.

Support for the stock lies in the zone of 585 to 590 from where the stock broke out of the highs formed in the month of June-2018 & August-2018 and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 560 to 570 where Fibonacci levels and long term moving averages are lying.

Resistance for the stock lies in the zone of 615 to 620 where Fibonacci levels and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 640 to 650 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be 560 – 570 on lower side & 620 – 630 on upper side.

Wipro Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for Wipro for the week  (Oct 15, 2018 – Oct 19, 2018) : 

WIPRO:

 

WIPRO

 

Wipro closed the week on negative note losing around 2.80%.

As we have mentioned last week, that minor support for the stock lies around 315 to 320. Support for the stock lies in the zone of 300 to 305 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 285 to 290 where Fibonacci levels and long term moving averages are lying. During the week the stock manages to hit a low of 305 and close the week around the levels of 316.

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

Minor resistance for the stock lies around 322 to 327. Resistance for the stock lies in the zone of 335 to 340 where high for the month of January-2018 and September-2018 is lying. If the stock manages to close above these levels then the stock can move to the levels of 350 to 355.

Broad range for the stock in the coming week is seen between 300 to 305 on downside & 340 to 345 on upside.

HCL Tech Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for HCL Tech for the week (Oct 15, 2018 – Oct 19, 2018) : 

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on negative note losing around 9.10%.

As we have mentioned last week, that resistance for the stock lies in the zone of 1080 to 1100 where the stock has made a high in the month of April-2018. If the stock manages to close above these levels then the stock can move to the levels of 1120 to 1140. During the week the stock manages to hit a high of 1084 and close the week around the levels of 985.

Support for the stock lies in the zone of 965 to 975 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 930 to 940 where the stock has formed a low in the month of July-2018.

Minor resistance for the stock lies in the zone of 995 to 1000. Resistance for the stock lies in the zone of 1020 to 1030 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 from where the stock broke down after consolidation.

Broad range for the stock in the coming week is seen between 930 to 950 on downside & 1040 to 1060 on upside.

TCS Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for TCS for the week  (Oct 15, 2018 – Oct 19, 2018) : 

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on negative note losing around 8.80%.

As we have mentioned last week, that minor resistance for the stock lies around 2130 to 2140. Resistance for the stock lies in the zone of 2200 to 2220 where high for the month of September-2018 is lying. If the stock manages to close above these levels then the stock can move to the levels of 2260 to 2280. During the week the stock manages to hit a high of 2122 and close the week around the levels of 1918.

Minor support for the stock lies around 1880 to 1900. Support for the stock lies in the zone of 1820 to 1840 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1750 to 1770 where long term moving averages are lying.

Minor resistance for the stock lies around 1940 to 1960. Resistance for the stock lies in the zone of 1980 to 2000 where Fibonacci levels and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 2050 to 2070 from where the stock has broken down and short term moving averages are lying.

Broad range for the stock in the coming week is seen between 1820 to 1840 on downside & 2000 to 2020 on upside.

Infosys Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquiyPandit’s Outlook for Infosys for the week  (Oct 15, 2018 – Oct 19, 2018) : 

INFOSYS:

 

INFY

 

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

As we have mentioned last week, that minor support for the stock lies around 705 to 715. Support for the stock lies in the zone of 685 to 695 where the stock has taken multiple support and Fibonacci levels are lying. If the stock manages to close below these levels the stock can drift to the levels of 660 to 670 where Fibonacci levels and medium term moving averages are lying. During the week the stock manages to hit a low of 661 and close the week around the levels of 679.

Support for the stock lies in the zone of 670 to 680 where Fibonacci levels and medium term moving averages are lying. If the stock manages to close below these levels the stock can drift to the levels of 630 to 640 where Fibonacci levels and long term moving averages are lying.

Resistance for the stock lies around 690 to 700 from where the stock broke down from September-2018 low. If the stock manages to close above these levels then the stock can move to the levels of 745 to 755 where the stock has formed a high in the month of September-2018.

Broad range for the stock in the coming week is seen between 630 to 640 on downside & 710 to 720 on upside.

SBI Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for SBI for the week  (Oct 15, 2018 – Oct 19, 2018) : 

STATE BANK OF INDIA:

 

SBIN

 

SBIN closed the week on positive note gaining around 2.10%.

As we have mentioned last week, that resistance for the stock lies in the zone of 260 to 265 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 275 to 280 where Fibonacci levels and long term moving averages are lying. During the week the stock manages to hit a high of 280 and close the week around the levels of 264.

Support for the stock lies in the zone of 245 to 250 where long term Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 225 to 230 where low for the month of March-2018 and April-2018 is lying.

Resistance for the stock lies in the zone of 275 to 280 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 285 to 290 from where the stock broke down from August-2018 low and short term moving averages are lying.

Broad range for the stock in the coming week can be 245 to 250 on lower side & 285 to 290 on upper side.

Axis Bank Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for Axis Bank for the week  (Oct 15, 2018 – Oct 19, 2018) : 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on positive note gaining around 2.90%.

As we have mentioned last week, that support for the stock lies in the zone of 550 to 560 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 520 to 530 where trend-line support for the stock is lying. During the week the stock manages to hit a low of 546 and close the week around the levels of 585.

Minor resistance for the stock lies around 570 to 575. Support for the stock lies in the zone of 550 to 560 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 520 to 530 where trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 610 to 620 where Fibonacci levels and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 630 to 640 from where the stock has broken down after consolidation.

Broad range for the stock in the coming week can be 550– 560 on lower side & 620 – 630 on upper side.

ICICI Bank Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for ICICI Bank for the week  (Oct 15, 2018 – Oct 19, 2018) : 

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on positive note gaining around 3.90%.

As we have mentioned last week, that support for the stock lies in the zone of 303 to 305 from where the stock broke out of June-2018 high and long & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 285 to 290 where Fibonacci levels are lying. During the week the stock manages to hit a low of 299 and close the week around the levels of 319.

Support for the stock lies in the zone of 300 to 303 from where the stock broke out of June-2018 high and long & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 285 to 290 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 320 to 325 where Fibonacci levels and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 340 to 345 where the stock has formed a double top in the month of August-2018.

Broad range for the stock in the coming week can be 295 – 300 on lower side & 330 – 335 on upper side.

HDFC Bank Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for HDFC Bank for the week   (Oct 15, 2018 – Oct 19, 2018) : 

HDFC BANK:

 

HDFCBANK

 

HDFC Bank 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 2000 to 2020 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 2040 to 2060 where Fibonacci levels and short term moving averages are lying. During the week the stock manages to hit a high of 1997 and close the week around the levels of 1982.

Support for the stock lies in the zone of 1950 to 1970 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 1900 to 1920 where low for the month of September-2018 and Fibonacci levels are lying.

Resistance for the stock lies in the zone of 2000 to 2020 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 2040 to 2060 where Fibonacci levels and short term moving averages are lying.

Broad range for the stock in the coming week can be 1920 to 1940 on lower side & 2040 to 2060 on upper side.

Nifty Media Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for NIFTY MEDIA for the week   (Oct 15, 2018 – Oct 19, 2018) : 

NIFTY MEDIA:

 

NIFTYMEDIA

 

Nifty Media index closed the week on positive note gaining around 8.30%.

As we have mentioned last week, that resistance for the index lies in the zone of 2500 to 2550 from where the index has broken down from the double bottom formed in the month of November-2016 and December-2016. If the index manages to close above these levels then the index can move to the levels of 2650 to 2700 where Fibonacci levels are lying. During the week the index manages to hit a high of 2605 and close the week around the levels of 2567.

Minor support for the index lies in the zone of 2450 to 2500. Support for the index lies in the zone of 2300 to 2350 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 2200 to 2250.

Resistance for the index lies in the zone of 2600 to 2650 where Fibonacci levels and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 2800 to 2850 where Fibonacci levels and medium term moving averages are lying.

Broad range for the index is seen between 2400 to 2450 on downside & 2700 to 2750 on upside.

Nifty Realty Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for NIFTY REALTY for the week  (Oct 15, 2018 – Oct 19, 2018) : 

NIFTY REALTY:

 

NIFTYREALT

 

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

As we have mentioned last week, that support for the index lies in the zone of 195 to 200. If the index manages to close below these levels then the index can witness a freefall and can drift to the levels of 175 to 180. During the week the index manages to hit a low of 198 and close the week around the levels of 209.

Support for the index lies in the zone of 195 to 200. If the index manages to close below these levels then the index can witness a freefall and can drift to the levels of 175 to 180.

Minor resistance for the index lies in the zone of 212 to 215. Resistance for the index lies in the zone of 218 to 220 from where the index broke down from September-2018 lows. If the index manages to close above these levels then the index can move to the levels of 225 to 230.

Broad range for the index is seen between 190 to 195 on downside & 220 to 225 on upside.

Nifty PSU Bank Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Oct 15, 2018 – Oct 19, 2018) :  

NIFTY PSU BANK:

 

NIFTYPSUBA

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 2800 to 2850 where long term Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 2900 to 2950 where Fibonacci levels are lying. During the week the index manages to hit a high of 2835 and close the week around the levels of 2704.

Support for the index lies in the zone of 2650 to 2700 where the index has taken multiple supports in the month of March-2018, May-2018 and July-2018. If the index manages to close below these levels then the index can drift to the levels of 2450 to 2500 where long term Fibonacci levels are lying.

Resistance for the index lies in the zone of 2800 to 2850 where long term Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 2900 to 2950 where Fibonacci levels are lying.

Broad range for the index is seen between 2500 to 2550 on downside & 2850 to 2900 on upside.

Nifty Metal Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for NIFTY METAL for the week (Oct 15, 2018 – Oct 19, 2018) :  

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that support for the index lies in the zone of 3400 to 3450 where Fibonacci levels and short & medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3300 to 3350 where the index has taken support in the month of August-2018. During the week the index manages to hit a low of 3235 and close the week around the levels of 3438.

Support for the index lies in the zone of 3350 to 3400 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3250 to 3300 where the index has taken support in the month of August-2018.

Resistance for the index lies in the zone of 3500 to 3550 where Fibonacci levels and short term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3600 to 3650 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen between 3250 to 3300 on downside & 3600 to 3650 on upside.

Nifty Energy Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (Oct 15, 2018 – Oct 19, 2018) :  

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 7.30%.

As we have mentioned last week, that minor resistance for the index lies around 13700 to 13800. Resistance for the index lies in the zone of 14100 to 14200 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 14500 to 14600 where medium term moving averages are lying. During the week the index manages to hit a high of 14270 and close the week around the levels of 14243.

Minor support for the index lies around 13700 to 13800. Support for the index lies in the zone of 12900 to 13000 where the index has taken multiple support in the month of March-2018, May-2018 & June-2018 and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 12500 to 12600 where high for the month of April-2017 is lying.

Resistance for the index lies in the zone of 14200 to 14300 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 14500 to 14600 where medium term moving averages are lying.

Broad range for the index is seen between 13500 to 13700 on downside & 14700 to 14900 on upside.

Nifty Auto Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for NIFTY Auto for the week  (Oct 15, 2018 – Oct 19, 2018) :  

NIFTY AUTO:

 

NIFTYAUTO

 

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

As we have mentioned last week, that support for the index lies in the zone of 8550 to 8650 where low for the month of November-2016 is lying. If the index manages to close below these levels then the index can drift to the levels of 8000 to 8100 where Fibonacci levels are lying. During the week the index manages to hit a low of 8599 and close the week around the levels of 9085.

Support for the index lies in the zone of 8550 to 8650 where low for the month of November-2016 is lying. If the index manages to close below these levels then the index can drift to the levels of 8000 to 8100 where Fibonacci levels are lying.

Resistance 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 move to the levels of 9500 to 9600 from where the index has broken down from September-2018 lows.

Broad range for the index is seen from 8500 to 8600 on downside & 9400 to 9500 on upside.

Nifty Pharma Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for NIFTY Pharma for the week  (Oct 15, 2018 – Oct 19, 2018) :  

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that support for the index lies in the zone of 9450 to 9500 from where the index broke out of February-2018, June-2018 and July-2018 highs. If the index manages to close below these levels then the index can drift to the levels of 9150 to 9200 where Fibonacci levels and long term moving averages are lying. During the week the index manages to hit a low of 9384 and close the week around the levels of 9526.

Support for the index lies in the zone of 9450 to 9500 from where the index broke out of February-2018, June-2018 and July-2018 highs. If the index manages to close below these levels then the index can drift to the levels of 9150 to 9200 where Fibonacci levels and long term moving averages are lying.

Resistance for the index lies in the zone of 9850 to 9900 from where the index broke down from September-2018 low 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 10200 to 10300 where Fibonacci levels are lying.

Broad range for the index is seen from 9100 to 9200 on downside & 10000 to 10100 on upside.

Nifty FMCG Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for NIFTY FMCG for the week (Oct 15, 2018 – Oct 19, 2018) :  

NIFTY FMCG:

 

NIFTYFMCG

 

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

As we have mentioned last week, that support for the index lies in the zone of 27700 to 28000 where Fibonacci levels and break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 26800 to 27000 from where the index has broken out in the month of April-2018. During the week the index manages to hit a low of 26890 and close the week around the levels of 28154.

Support for the index lies in the zone of 27700 to 28000 where Fibonacci levels and break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 26800 to 27000 from where the index has broken out in the month of April-2018.

Resistance for the index lies around 28400 to 28600 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 29300 to 29400 where low for the month of September-2018 and Fibonacci levels are lying.

Broad range for the index in the coming week is seen from 27200 to 27400 on downside & 28800 to 29000 on upside.

Nifty IT Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Oct 15, 2018 – Oct 19, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 6.70%.

As we have mentioned last week, that support for the index lies in the zone of 15300 to 15400 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 15000 to 15100 from where the index broke out after consolidation. During the week the index manages to hit a low of 14408 and close the week around the levels of 14539.

Support for the index lies in the zone of 14200 to 14300 from where the index broke out of April-2018 and June-2018 high. If the index manages to close below these levels then the index can drift to the levels of 13800 to 13900 where Fibonacci levels and long term moving averages are lying.

Resistance for the index lies in the zone of 14800 to 14900 where Fibonacci levels and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 15500 to 15600 from where the index has broken down from September-2018 low and short term moving averages are lying.

Broad range for the index in the coming week is seen from 14000 to 14100 on downside & 15000 to 15100 on upside.

Nifty Bank Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 15, 2018 – Oct 19, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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

As we have mentioned, last week that minor resistance for the index lies around 24800 to 25000. Resistance for the index lies in the zone of 25500 to 25600 from where the index has broken down from May-2018 lows. If the index manages to close above these levels then the index can move to the levels of 26000 to 26100 where low for the month of June-2018 & July-2018 and long term moving averages are lying. During the week the index manages to hit a high of 25484 and close the week around the levels of 25396.

Minor support for the index lies around 24800 to 25000. Support for the index lies in the zone 24100 to 24200 where short term bottom has been formed. If the index manages to close below these levels then the index can drift to the levels of 23600 to 23700 where the index has formed a low in the month of March-2018.

Resistance for the index lies in the zone of 25500 to 25600 from where the index has broken down from May-2018 lows. If the index manages to close above these levels then the index can move to the levels of 26000 to 26100 where low for the month of June-2018 & July-2018 and long term moving averages are lying.

Range for the week is seen from 24500 to 24600 on downside & 26000 to 26100 on upside.

Nifty Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for Nifty for the week  (Oct 15, 2018 – Oct 19, 2018):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that resistance for the index lies around 10450 to 10550 from where the index has broken down from May-2018 and June-2018 lows. If the index manages to close above these levels then the index can move to the levels of 10800 to 10900 from where the index has broken down from the September-2018 lows. During the week the index manages to hit a high of 10492 and close the week around the levels of 10472.

Minor support for the index lies in the zone of 10100 to 10200. Support for the index lies in the zone of 9900 to 9950 where low for the month of March -2018 and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9400 where Fibonacci levels are lying.

Resistance for the index lies around 10500 to 10600 from where the index has broken down from May-2018 and June-2018 lows and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10800 to 10900 from where the index has broken down from the September-2018 lows and long term moving averages are lying.

Broad range for the week is seen from 10000 to 10100 on downside & 10700 to 10800 on upside.

MCX Tips for – October 12, 2018

Gold (31991): Gold is trading into positive zone and traders can go long at every dip or hold long positions until Gold closes below  31363  levels.

Silver (38900):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38400  levels.

Crude (5255): Crude has entered into negative zone and traders can go short at every rise or hold short positions until Crude closes above 5485  levels.

Natural Gas (237.90): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 236.10 levels.

Copper (459.25): Copper is trading into positive zone. Traders can hold long positions or can initiate fresh long at every dip until it closes below 452.20.

Zinc (196.30): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 195.80  levels.

Lead (148.65): Lead has entered into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Lead closes below 140.35 levels.

Nickel (936.20):  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 924.40 levels.

Aluminium (149.60): Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 156.15 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

MCX Tips for – October 11, 2018

Gold (31395): Gold is trading into positive zone and traders can go long at every dip or hold long positions until Gold closes below  31128  levels.

Silver (38485):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38400  levels.

Crude (5454): Crude is trading into positive zone and traders can go long at every dip or hold long positions until Crude closes below 5434  levels.

Natural Gas (243.00): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 236.10 levels.

Copper (458.70): Copper is trading into positive zone. Traders can hold long positions or can initiate fresh long at every dip until it closes below 452.20.

Zinc (196.20): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 195.80  levels.

Lead (142.30): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 146.20 levels.

Nickel (943.30):  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 924.40 levels.

Aluminium (152.05): Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 158.00 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 – October 10, 2018

Gold (31283): Gold is trading into positive zone and traders can go long at every dip or hold long positions until Gold closes below  31128  levels.

Silver (38621):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38400  levels.

Crude (5574): Crude is trading into positive zone and traders can go long at every dip or hold long positions until Crude closes below 5434  levels.

Natural Gas (241.10): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 235.80 levels.

Copper (463.20): Copper is trading into positive zone. Traders can hold long positions or can initiate fresh long at every dip until it closes below 452.20.

Zinc (202.90): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 195.80  levels.

Lead (143.45): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 149.50 levels.

Nickel (960.10):  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 924.40 levels.

Aluminium (153.05): Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 158.70 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 – October 09, 2018

Gold (31243): Gold is trading into positive zone and traders can go long at every dip or hold long positions until Gold closes below  31128  levels.

Silver (38458):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38400  levels.

Crude (5494): Crude is trading into positive zone and traders can go long at every dip or hold long positions until Crude closes below 5434  levels.

Natural Gas (242.00): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 230.60 levels.

Copper (456.10): Copper is trading into positive zone. Traders can hold long positions or can initiate fresh long at every dip until it closes below 452.20.

Zinc (198.35): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 192.30  levels.

Lead (146.25): Lead has entered into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 150.10 levels.

Nickel (936.70):  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 909.60 levels.

Aluminium (153.85): Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 160.10 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

MCX Tips for – October 08, 2018

Gold (31643): Gold is trading into positive zone and traders can go long at every dip or hold long positions until Gold closes below  31128  levels.

Silver (39274):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38400  levels.

Crude (5546): Crude is trading into positive zone and traders can go long at every dip or hold long positions until Crude closes below 5434  levels.

Natural Gas (232.70): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 227.70 levels.

Copper (456.55): Copper is trading into positive zone. Traders can hold long positions or can initiate fresh long at every dip until it closes below 452.20.

Zinc (197.95): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 192.30  levels.

Lead (147.90): Lead is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Lead closes below 146.30 levels.

Nickel (940.20):  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 909.60 levels.

Aluminium (157.70): Aluminium has entered into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 165.30 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Natural Gas Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for Natural Gas for the week   (Oct 08, 2018 – Oct 12, 2018) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS closed the week on positive note gaining around 6.90%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 225 to 230 where the commodity has formed a high in the month of January-2018 and September-2018. If the commodity manages to close above these levels then the commodity can move to the levels of 235 to 240. During the week the commodity manages to hit a high of 240 and close the week around the levels of 233.

Support for the commodity lies in the zone of 225 to 230 from where the commodity broke out of high formed in the month of January-2018 and September-2018. If the commodity manages to close below these levels then the commodity can drift to the levels of 208 to 210 from where the commodity broke out of July-2018 and August-2018 high.

Resistance for the commodity lies in the zone of 235 to 240. If the commodity manages to close above these levels then the commodity can move to the levels of 255 to 260 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 210 – 215 on downside & 250 – 255 on upside.

Crude Oil Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (Oct 08, 2018 – Oct 12, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on positive note gaining around 4.00%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 5330 to 5380 where high for the month of September-2018 is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 5450 to 5500 where long term Fibonacci levels are lying. During the week the commodity manages to hit a high of 5669 and close the week around the levels of 5546.

Minor support for the commodity lies in the zone of 5450 to 5500. Support for the commodity lies in the zone of 5350 to 5400 from where the commodity broke out of September-2018 high. If the commodity manages to close below these levels then the commodity can drift to the levels 5150 to 5200 from where the commodity broke out of July-2018 high.

Resistance for the commodity lies in the zone of 5650 to 5700. If the commodity manages to close above these levels then the commodity can move to the levels of 5900 to 5950.

Broad range for the commodity in the coming week can be seen between 5350 – 5400 on downside & 5750 – 5800 on upside.

Aluminium Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for Aluminium for the week  (Oct 08, 2018 – Oct 12, 2018) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM closed the week on positive note gaining around 8.20%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 152 to 154 from where the commodity broke down after consolidation and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 158 to 160 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 168 and close the week around the levels of 158.

Support for the commodity lies in the zone of around 152 to 154 from where the commodity broke out of August-2018 & September-2018 high and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 146 to 148 where Fibonacci levels and short & medium term moving averages are lying.

Resistance for the commodity lies in the zone of 158 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 165 to 167 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 147 – 150 on downside and 165 – 168 on upside.

Nickel Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for Nickel for the week  (Oct 08, 2018 – Oct 12, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 3.70%.

As we have mentioned last week, that minor resistance for the commodity lies around 930 to 940. Resistance for the commodity lies in the zone of 960 to 970 where Fibonacci levels and high for the month of August-2018 and September-2018 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 990 to 1000 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 960 and close the week around the levels of 940.

Minor support for the commodity lies around 920 to 930. Support for the commodity lies in the zone of 900 to 910 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 870 to 880 from where the commodity broke out in the month of April-2018.

Resistance for the commodity lies in the zone of 960 to 970 where Fibonacci levels and high for the month of August-2018 and September-2018 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 990 to 1000 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 900 – 910 on downside & 980 – 990 on upside.

Lead Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for Lead for the week  (Oct  08, 2018 – Oct 12, 2018) :

LEAD:

 

LEAD 1

 

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

As we have mentioned last week, that resistance for the commodity lies in the zone of 150 to 152 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 154 to 156 where Fibonacci levels and long term moving averages are lying. During the week the commodity manages to hit a high of 152 and close the week around the levels of 148.

Minor support for the commodity lies around 144 to 146. Support for the commodity lies in the zone of 138 to 140 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 130 to 132 where long term Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 150 to 152 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 154 to 156 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 138 – 140 on downside & 155 – 158 on upside.

Zinc Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for Zinc for the week  (Oct 08, 2018 – Oct 12, 2018) :

ZINC:

 

ZINC 1

 

ZINC closed the week on a positive note gaining around 5.90%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 195 to 198 from where the commodity broke down from December-2017 & May-2018 lows and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 203 to 206 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 200 and close the week around the levels of 198.

Support for the commodity lies in the zone of 190 to 193 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 185 to 187 from where the commodity broke out of August-2018 & September-2018 high and Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 198 to 200 from where the commodity broke down from May-2018 lows and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 204 to 206 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 180 – 185 on downside & 210 – 215 on upside.

Copper Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for Copper for the week   (Oct 08, 2018 – Oct 12, 2018) :

COPPER:

 

COPPER 1

 

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

As we have mentioned last week, that support for the commodity lies in the zone of 445 to 450 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 430 to 435 from where the commodity broke out of August-2018 high and short term moving averages are lying. During the week the commodity manages to hit a low of 446 and close the week around the levels of 457.

Support for the commodity lies in the zone of 445 to 450 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 430 to 435 from where the commodity broke out of August-2018 high and short & long term moving averages are lying.

Resistance for the commodity lies in the zone of 460 to 465 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 475 to 480.

Broad range for the commodity in the coming week can be seen between 435 – 440 on downside & 470 – 475 on upside.

Silver Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for Silver for the week  (Oct 08, 2018 – Oct 12, 2018) :

SILVER:

 

SILVER 1

 

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

As we have mentioned last week, that support for the commodity lies in the zone of 38000 to 38100 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 37300 to 37400 where Fibonacci levels and short term moving averages are lying. During the week the commodity manages to hit a low of 38055 and close the week around the levels of 39274.

Support for the commodity lies in the zone of 38600 to 38800 from where the commodity broke out of September-2018 high and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 38100 to 38200 where Fibonacci levels and medium term moving averages are lying.

Resistance for the commodity lies in the zone of 39400 to 39500 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 40000 to 40200 where high for the month of July-2018 is lying.

Broad range for the commodity in the coming week can be seen between 38500 – 38700 on downside & 40000 – 40200 on upside.

Gold Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for Gold for the week  (Oct 08, 2018 – Oct 12, 2018) :

GOLD:

 

GOLD 2

 

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

As we have mentioned last week, that resistance for the commodity lies in the zone of 30500 to 30600 from where the commodity has broken down from 3 months of consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of 30700 to 30800 from where the commodity has broken down in the month of July-2018. During the week the commodity manages to hit a high of 31670 and close the week around the levels of 31643.

Minor support for the commodity lies around 31300 to 31400. Support for the commodity lies in the zone of 31000 to 31100 from where the commodity broke out of September-2018 high and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 30500 to 30600 where short & medium term moving averages are lying.

Resistance for the commodity lies in the zone of 31700 to 31800 where the commodity has formed a high in the month of May-2018 and June-2018. If the commodity manages to close above these levels then the commodity can move to the levels of 32000 to 32200.

Broad range for the commodity in the coming week can be seen between 31000 – 31200 on downside & 32000 – 32200 on upside.

Colgate Palmolive Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for Colgate Palmolive for the week (Oct 08, 2018 – Oct 12, 2018) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on negative note losing around 1.00%.

As we have mentioned last week, that minor resistance for the stock lies around 1100 to 1110. Resistance for the stock lies around 1120 to 1130 where long & short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1160 to 1170 where Fibonacci levels and medium term moving averages are lying. During the week the stock manages to hit a high of 1109 and close the week around the levels 1070.

Support for the stock lies in the zone of 1040 to 1050 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1000 to 1010.

Minor resistance for the stock lies around 1090 to 1100. Resistance for the stock lies around 1120 to 1130 where long & short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1160 to 1170 where Fibonacci levels and medium term moving averages are lying.

Broad range for the stock is seen between 1020 to 1030 on downside & 1110 to 1120 on upside.

Dabur Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for DABUR for the week  (Oct 08, 2018 – Oct 12, 2018) :

DABUR:

 

DABUR

 

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

As we have mentioned last week, that minor resistance for the stock lies around 435 to 440. Resistance for the stock lies around 455 to 460 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 475 to 480 where high for the month of August-2018 and September-2018 is lying. During the week the stock manages to hit a high of 443 and close the week around the levels of 420.

Support for the stock lies in the zone of 415 to 420 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 395 to 400 from where the stock broke out from June-2018 high.

Minor resistance for the stock lies around 435 to 440. Resistance for the stock lies around 450 to 455 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 475 to 480 where high for the month of August-2018 and September-2018 is lying.

Broad range for the stock in the coming week can be seen between 390 to 395 on downside & 450 to 465 on upside.

Hindustan Unilever Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for Hindustan Unilever for the week  (Oct 08, 2018 – Oct 12, 2018) : 

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on negative note losing around 3.00%.

As we have mentioned last week, that minor resistance for the stock lies around 1630 to 1640. Resistance for the stock lies in the zone of 1660 to 1680 where short and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1700 to 1710 from where the stock broke down after consolidation. During the week the stock manages to hit a high of 1652 and close the week around the levels of 1559.

Support for the stock lies in the zone of 1530 to 1540 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 1480 to 1500 where Fibonacci levels are lying.

Minor resistance for the stock lies around 1600 to 1610. Resistance for the stock lies in the zone of 1660 to 1680 where short and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1700 to 1710 from where the stock broke down after consolidation.

Broad range for the stock in coming week is seen between 1500 to 1510 on downside & 1620 to 1630 on upside.

ITC Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for ITC for the week  (Oct 08, 2018 – Oct 12, 2018) : 

ITC:

 

ITC

 

ITC closed the week on negative note losing around 7.20%.

As we have mentioned last week, that minor resistance for the stock lies around 303 to 306. Resistance for the stock lies in the zone of 310 to 315 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 from where the stock has opened gap down and Fibonacci levels are lying. During the week the stock manages to hit a high of 303 and close the week around the levels of 276.

Support for the stock lies in the zone of 270 to 273 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 265 where low for the month of June-2018 and July-2018 is lying.

Resistance for the stock lies in the zone of 280 to 285 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 290 to 295 where Fibonacci levels are lying.

Broad range for the stock in coming week is seen between 260 to 265 on downside & 290 to 295 on upside.

Cipla Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for Cipla for the week  (Oct 08, 2018 – Oct 12, 2018) : 

CIPLA:

 

CIPLA

 

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

As we have mentioned last week, that minor support for the stock lies around 640 to 650. Support for the stock lies in the zone of 600 to 610 where medium term moving averages and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can move to the levels of 585 to 590 where break out levels and long term moving averages are lying. During the week the stock manages to hit a low of 631 and close the week around the levels of 637.

Support for the stock lies in the zone of 600 to 610 where medium term moving averages and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can move to the levels of 585 to 590 where break out levels and long term moving averages are lying.

Minor resistance for the stock lies around 645 to 650. Resistance for the stock lies in the zone of 670 to 680 where the stock has formed a high in the month of August-2018 and September-2018. If the stock manages to close above these levels then the stock can move to the levels of 700 to 710.

Broad range for the stock is seen in the range of 600 – 610 on downside & 660 – 670 on upside.

Dr. Reddy Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for Dr. Reddy for the week  (Oct 08, 2018 – Oct 12, 2018) : 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 5.40%.

As we have mentioned last week, that support for the stock lies in the zone of 2500 to 2530 where high for the month of August-2018 is lying. If the stock manages to close below these levels then the stock can drift to the levels of 2370 to 2400 where Fibonacci levels and high for the month of June-2018 and July-2018 is lying. During the week the stock manages to hit a low of 2350 and close the week around the levels of 2395.

Support for the stock lies in the zone of 2350 to 2380 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2220 to 2250 where Fibonacci levels and long term moving averages are lying.

Resistance for the stock lies in the zone of 2500 to 2530 where high for the month of August-2018 is lying. If the stock manages to close above these levels then the stock can move to the levels of 2630 to 2670 where high for the month of January-2018 and September-2018 are lying.

Broad range for the stock is seen from 2200 – 2250 on downside & 2550 – 2600 on upside.

Lupin Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for Lupin for the week  (Oct 08, 2018 – Oct 12, 2018) : 

LUPIN:

 

LUPIN

 

Lupin closed the week on negative note losing around 6.90%.

As we have mentioned last week, that minor resistance for the stock lies in the zone of 915 to 925. Resistance for the stock lies in the zone of 940 to 950 from where the stock broke down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 980 to 990 where high for the month of January-2018 is lying. During the week the stock manages to hit a high of 914 and close the week around the levels of 839.

Support for the stock lies in the zone of 820 to 830 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 790 to 800 where low for the month of July-2018 and August-2018 is lying.

Resistance for the stock lies in the zone of 860 to 870 where short & medium 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 900 to 910 from where the stock broke down after consolidation.

Broad range for the stock in coming week can be seen from 780 – 800 on lower side & 900 – 920 on upper side.

Sun Pharma Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for Sun Pharma for the week  (Oct 08, 2018 – Oct 12, 2018) : 

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on negative note losing around 4.00%.

As we have mentioned last week, that minor resistance for the stock lies around 640 to 650. Resistance for the stock lies in the zone of 670 to 680 where high for the month of September-2018 is lying. If the stock manages to close above these levels then the stock can move to the levels of 700 to 710. During the week the stock manages to hit a high of 641 and close the week around the levels of 598.

Support for the stock lies in the zone of 590 to 600 from where the stock broke out of the highs formed in the month of June-2018 and August-2018. If the stock manages to close below these levels then the stock can drift to the levels of 570 to 580 where break out levels and medium term moving averages are lying.

Minor resistance for the stock lies around 615 to 620. Resistance for the stock lies in the zone of 640 to 650 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 670 to 680 where high for the month of September-2018 is lying.

Broad range for the stock in the coming week can be 570 – 580 on lower side & 630 – 640 on upper side.

Wipro Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for Wipro for the week  (Oct 08, 2018 – Oct 12, 2018) : 

WIPRO:

 

WIPRO

 

Wipro closed the week on absolutely flat note.

As we have mentioned last week, that minor support for the stock lies around 315 to 320. Support for the stock lies in the zone of 300 to 305 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 285 to 290 where Fibonacci levels and long term moving averages are lying. During the week the stock manages to hit a low of 321 and close the week around the levels of 325.

Minor support for the stock lies around 315 to 320. Support for the stock lies in the zone of 300 to 305 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 285 to 290 where Fibonacci levels and long term moving averages are lying.

Resistance for the stock lies in the zone of 335 to 340 where high for the month of January-2018 and September-2018 is lying. If the stock manages to close above these levels then the stock can move to the levels of 350 to 355.

Broad range for the stock in the coming week is seen between 300 to 305 on downside & 350 to 355 on upside.

HCL Tech Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for HCL Tech for the week (Oct 08, 2018 – Oct 12, 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 1080 to 1100 where the stock has made a high in the month of April-2018. If the stock manages to close above these levels then the stock can move to the levels of 1120 to 1140. During the week the stock manages to hit a high of 1102 and close the week around the levels of 1084.

Support for the stock lies in the zone of 1040 to 1050 where Fibonacci levels and high for the month of August-2018 are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1010 to 1020 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 1080 to 1100 where the stock has made a high in the month of April-2018. If the stock manages to close above these levels then the stock can move to the levels of 1120 to 1140.

Broad range for the stock in the coming week is seen between 1020 to 1040 on downside & 1120 to 1140 on upside.

TCS Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for TCS for the week  (Oct 08, 2018 – Oct 12, 2018) : 

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on negative note losing around 3.70%.

As we have mentioned last week, that minor support for the stock lies in the zone of 2130 to 2150. Support for the stock lies in the zone of 2100 to 2110 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2020 to 2040 where low for the month of September-2018 is lying. During the week the stock manages to hit a low of 2021 and close the week around the levels of 2103.

Support for the stock lies in the zone of 2100 to 2110 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2020 to 2040 where low for the month of September-2018 is lying.

Minor resistance for the stock lies around 2130 to 2140. Resistance for the stock lies in the zone of 2200 to 2220 where high for the month of September-2018 is lying. If the stock manages to close above these levels then the stock can move to the levels of 2260 to 2280.

Broad range for the stock in the coming week is seen between 2020 to 2040 on downside & 2160 to 2180 on upside.

Infosys Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquiyPandit’s Outlook for Infosys for the week  (Oct 08, 2018 – Oct 12, 2018) : 

INFOSYS:

 

INFY

 

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

As we have mentioned last week, that resistance for the stock lies around 745 to 755 where the stock has formed a high in the month of September-2018. If the stock manages to close above these levels then the stock can move to the levels of 765 to 775. During the week the stock manages to hit a high of 755 and close the week around the levels of 725.

Minor support for the stock lies around 705 to 715. Support for the stock lies in the zone of 685 to 695 where the stock has taken multiple support and Fibonacci levels are lying. If the stock manages to close below these levels the stock can drift to the levels of 660 to 670 where Fibonacci levels and medium term moving averages are lying.

Resistance for the stock lies around 745 to 755 where the stock has formed a high in the month of September-2018. If the stock manages to close above these levels then the stock can move to the levels of 765 to 775.

Broad range for the stock in the coming week is seen between 690 to 700 on downside & 750 to 760 on upside.

SBI Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for SBI for the week  (Oct 08, 2018 – Oct 12, 2018) : 

STATE BANK OF INDIA:

 

SBIN

 

SBIN 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 275 to 280 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 285 to 290 from where the stock has broken down from August-2018 lows. During the week the stock manages to hit a high of 279 and close the week around the levels of 258.

Support for the stock lies in the zone of 245 to 250 where long term Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 225 to 230 where low for the month of March-2018 and April-2018 is lying.

Resistance for the stock lies in the zone of 260 to 265 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 275 to 280 where Fibonacci levels and long term moving averages are lying.

Broad range for the stock in the coming week can be 230 to 235 on lower side & 275 to 280 on upper side.

Axis Bank Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for Axis Bank for the week  (Oct 08, 2018 – Oct 12, 2018) : 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 7.40%.

As we have mentioned last week, that support for the stock lies in the zone of 580 to 590 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 and long term moving averages are lying. During the week the stock manages to hit a low of 554 and close the week around the levels of 568.

Support for the stock lies in the zone of 550 to 560 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 520 to 530 where trend-line support for the stock is lying.

Minor resistance for the stock lies around 580 to 590. Resistance for the stock lies in the zone of 620 to 630 from where the stock has broken down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 650 to 660 from where high for the month of September-2018 is lying.

Broad range for the stock in the coming week can be 520– 530 on lower side & 600 – 610 on upper side.

ICICI Bank Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for ICICI Bank for the week  (Oct 08, 2018 – Oct 12, 2018) : 

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on absolutely flat note.

As we have mentioned last week, that resistance for the stock lies in the zone of 315 to 320 where 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 where the stock has formed a double top in the month of August-2018. During the week the stock manages to hit a high of 322 and close the week around the levels of 307.

Support for the stock lies in the zone of 303 to 305 from where the stock broke out of June-2018 high and long & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 285 to 290 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 315 to 320 where 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 where the stock has formed a double top in the month of August-2018.

Broad range for the stock in the coming week can be 285 – 290 on lower side & 320 – 325 on upper side.

HDFC Bank Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for HDFC Bank for the week   (Oct 08, 2018 – Oct 12, 2018) : 

HDFC BANK:

 

HDFCBANK

 

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

As we have mentioned last week, that resistance for the stock lies in the zone of 2000 to 2020 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 2040 to 2060 from where the stock has broken down from double bottom pattern. During the week the stock manages to hit a high of 2052 and close the week around the levels of 1965.

Support for the stock lies in the zone of 1950 to 1970 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 1880 to 1900 where low for the month of September-2018 is lying.

Resistance for the stock lies in the zone of 2000 to 2020 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 2040 to 2060 where Fibonacci levels and short term moving averages are lying.

Broad range for the stock in the coming week can be 1900 to 1920 on lower side & 2020 to 2040 on upper side.

Nifty Media Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for NIFTY MEDIA for the week   (Oct 08, 2018 – Oct 12, 2018) : 

NIFTY MEDIA:

 

NIFTYMEDIA

 

Nifty Media index closed the week on negative note losing around 3.10%.

As we have mentioned last week, that resistance for the index lies in the zone of 2500 to 2550 from where the index has broken down from the double bottom formed in the month of November-2016 and December-2016. If the index manages to close above these levels then the index can move to the levels of 2650 to 2700 where Fibonacci levels are lying. During the week the index manages to hit a high of 2511 and close the week around the levels of 2371.

Support for the index lies in the zone of 2300 to 2350 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 2200 to 2250.

Resistance for the index lies in the zone of 2500 to 2550 from where the index has broken down from the double bottom formed in the month of November-2016 and December-2016. If the index manages to close above these levels then the index can move to the levels of 2650 to 2700 where Fibonacci levels are lying.

Broad range for the index is seen between 2200 to 2250 on downside & 2500 to 2550 on upside.

Nifty Realty Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for NIFTY REALTY for the week  (Oct 08, 2018 – Oct 12, 2018) : 

NIFTY REALTY:

 

NIFTYREALT

 

Nifty REALTY index closed the week on negative note losing around 5.00%.

As we have mentioned last week, that support for the index lies in the zone of 215 to 220 from where the index broke out in the year 2016. If the index manages to close below these levels then the index can witness a freefall and can drift to the levels of 195 to 200. During the week the index manages to hit a low of 206 and close the week around the levels of 209.

Support for the index lies in the zone of 195 to 200. If the index manages to close below these levels then the index can witness a freefall and can drift to the levels of 175 to 180.

Minor resistance for the index lies in the zone of 212 to 215. Resistance for the index lies in the zone of 218 to 220 from where the index broke down from September-2018 lows. If the index manages to close above these levels then the index can move to the levels of 225 to 230.

Broad range for the index is seen between 190 to 195 on downside & 220 to 225 on upside.

Nifty PSU Bank Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Oct 08, 2018 – Oct 12, 2018) :  

NIFTY PSU BANK:

 

NIFTYPSUBA

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 2800 to 2850 where long term Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 2900 to 2950 where Fibonacci levels are lying. During the week the index manages to hit a high of 2862 and close the week around the levels of 2656.

Support for the index lies in the zone of 2650 to 2700 where the index has taken multiple supports in the month of March-2018, May-2018 and July-2018. If the index manages to close below these levels then the index can drift to the levels of 2450 to 2500 where long term Fibonacci levels are lying.

Resistance for the index lies in the zone of 2800 to 2850 where long term Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 2900 to 2950 where Fibonacci levels are lying.

Broad range for the index is seen between 2500 to 2550 on downside & 2850 to 2900 on upside.

Nifty Metal Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for NIFTY METAL for the week (Oct 08, 2018 – Oct 12, 2018) :  

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that support for the index lies in the zone of 3400 to 3450 where Fibonacci levels and short & medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3300 to 3350 where the index has taken support in the month of August-2018. During the week the index manages to hit a low of 3396 and close the week around the levels of 3445.

Support for the index lies in the zone of 3400 to 3450 where Fibonacci levels and short & medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3300 to 3350 where the index has taken support in the month of August-2018.

Minor resistance for the index lies around 3520 to 3550. Resistance for the index lies in the zone of 3600 to 3630 where Fibonacci levels are lying. If the index manages close above these levels then the index can move to the levels of 3700 to 3750 where high for the month of September-2018 is lying.

Broad range for the index is seen between 3300 to 3350 on downside & 3650 to 3700 on upside.

Nifty Energy Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (Oct 08, 2018 – Oct 12, 2018) :  

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on negative note losing around 13.80%.

As we have mentioned last week, that minor support for the index lies in the zone of 15400 to 15500. Support for the index lies in the zone of 15000 to 15100 where Fibonacci 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 13517 and close the week around the levels of 13538.

Support for the index lies in the zone of 12900 to 13000 where the index has taken multiple support in the month of March-2018, May-2018 & June-2018 and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 12500 to 12600 where high for the month of April-2017 is lying.

Minor resistance for the index lies around 13700 to 13800. Resistance for the index lies in the zone of 14100 to 14200 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 14500 to 14600 where medium term moving averages are lying.

Broad range for the index is seen between 12500 to 12700 on downside & 14200 to 14400 on upside.

Nifty Auto Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for NIFTY Auto for the week  (Oct 08, 2018 – Oct 12, 2018) :  

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 7.00%.

As we have mentioned last week, that support for the index lies in the zone of 9400 to 9500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9000 to 9100 from where the index broke out from the high formed in the year 2015. During the week the index manages to hit a low of 8837 and close the week around the levels of 8915.

Support for the index lies in the zone of 8550 to 8650 where low for the month of November-2016 is lying. If the index manages to close below these levels then the index can drift to the levels of 8000 to 8100 where Fibonacci levels are lying.

Resistance 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 move to the levels of 9500 to 9600 from where the index has broken down from September-2018 lows.

Broad range for the index is seen from 8500 to 8600 on downside & 9400 to 9500 on upside.

Nifty Pharma Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for NIFTY Pharma for the week  (Oct 08, 2018 – Oct 12, 2018) :  

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 4.30%.

As we have mentioned last week, that support for the index lies in the zone of 9900 to 10000 where high for the month of January-2018 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 9450 to 9500 from where the index broke out of February-2018, June-2018 and July-2018 highs. During the week the index manages to hit a low of 9496 and close the week around the levels of 9547.

Support for the index lies in the zone of 9450 to 9500 from where the index broke out of February-2018, June-2018 and July-2018 highs. If the index manages to close below these levels then the index can drift to the levels of 9150 to 9200 where Fibonacci levels and long term moving averages are lying.

Resistance for the index lies in the zone of 9850 to 9900 from where the index broke down from September-2018 low 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 10200 to 10300 where Fibonacci levels are lying.

Broad range for the index is seen from 9100 to 9200 on downside & 10000 to 10100 on upside.

Nifty FMCG Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for NIFTY FMCG for the week (Oct 08, 2018 – Oct 12, 2018) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on negative note losing around 6.30%.

As we have mentioned last week, that minor resistance for the index lies around 30000 to 30100. Resistance for the index lies around 30900 to 31100 where Fibonacci levels and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 31800 to 32000 from where the index has broken down after consolidation. During the week the index manages to hit a high of 30030 and close the week around the levels of 27874.

Support for the index lies in the zone of 27700 to 28000 where Fibonacci levels and break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 26800 to 27000 from where the index has broken out in the month of April-2018.

Resistance for the index lies around 28600 to 28800 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 29500 to 29700 where low for the month of September-2018 and Fibonacci levels are lying.

Broad range for the index in the coming week is seen from 26500 to 26700 on downside & 28700 to 28900 on upside.

Nifty IT Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Oct 08, 2018 – Oct 12, 2018) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that minor support for the index lies around 15800 to 15900. Support for the index lies in the zone of 15300 to 15400 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 15000 to 15100 from where the index broke out after consolidation. During the week the index manages to hit a low of 15266 and close the week around the levels of 15592.

Support for the index lies in the zone of 15300 to 15400 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 15000 to 15100 from where the index broke out after consolidation.

Minor resistance for the index lies around 15800 to 15900. Resistance for the index lies in the zone of 16250 to 16350 where the index has formed a high in the month of September-2018. If the index manages to close above these levels then the index can move to the levels of 16600 to 16700.

Broad range for the index in the coming week is seen from 15000 to 15100 on downside & 16000 to 16100 on upside.

Nifty Bank Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 08, 2018 – Oct 12, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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

As we have mentioned, last week that minor support for the index lies around 25000 to 25100. Support for the index lies in the zone 24500 to 24700 from where the index broke out in the month of April-2018. If the index manages to close below these levels then the index can drift to the levels of 23900 to 24100 where low for the month of April-2018 is lying. During the week the index manages to hit a low of 24251 and close the week around the levels of 24443.

Support for the index lies in the zone 24000 to 24100 where low for the month of April-2018 is lying. If the index manages to close below these levels then the index can drift to the levels of 23600 to 23700 where the index has formed a low in the month of March-2018.

Minor resistance for the index lies around 24800 to 25000. Resistance for the index lies in the zone of 25500 to 25600 from where the index has broken down from May-2018 lows. If the index manages to close above these levels then the index can move to the levels of 26000 to 26100 where low for the month of June-2018 & July-2018 and long term moving averages are lying.

Range for the week is seen from 23500 to 23600 on downside & 25500 to 25600 on upside.

Nifty Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for Nifty for the week  (Oct 08, 2018 – Oct 12, 2018):

NIFTY:

 

NIFTY

 

Nifty closed the week on negative note losing around 5.60%.

As we have mentioned last week that support for the index lies in the zone of 10800 to 10900 from where the index broke out of double top and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10600 where low for the month of June-2018 is lying. During the week the index manages to hit a low of 10262 and close the week around the levels of 10316.

Support for the index lies in the zone of 9900 to 9950 where low for the month of March -2018 and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9400 where Fibonacci levels are lying.

Resistance for the index lies around 10450 to 10550 from where the index has broken down from May-2018 and June-2018 lows. If the index manages to close above these levels then the index can move to the levels of 10800 to 10900 from where the index has broken down from the September-2018 lows.

Broad range for the week is seen from 9800 to 9900 on downside & 10600 to 10700 on upside.

MCX Tips for – October 05, 2018

Gold (31130): Gold is trading into positive zone and traders can go long at every dip or hold long positions until Gold closes below  30766  levels.

Silver (38971):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38400  levels.

Crude (5487): Crude is trading into positive zone and traders can go long at every dip or hold long positions until Crude closes below 5436  levels.

Natural Gas (234.20): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 227.70 levels.

Copper (457.20): Copper is trading into positive zone. Traders can hold long positions or can initiate fresh long at every dip until it closes below 452.20.

Zinc (195.75): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 192.30  levels.

Lead (147.85): Lead is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Lead closes below 146.40 levels.

Nickel (928.90):  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 909.60 levels.

Aluminium (161.20): Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 159.10 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

MCX Tips for – October 04, 2018

Gold (31150): Gold has entered into positive zone and traders can go long at every dip or hold long positions until Gold closes below  30766  levels.

Silver (39092):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 38254  levels.

Crude (5646): Crude is trading into positive zone and traders can go long at every dip or hold long positions until Crude closes below 5436  levels.

Natural Gas (238.90): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 227.00 levels.

Copper (464.70): Copper has entered into positive zone. Traders can hold long positions or can initiate fresh long at every dip until it closes below 451.30.

Zinc (199.65): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 192.00  levels.

Lead (150.15): Lead is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Lead closes below 146.30 levels.

Nickel (953.40):  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 907.40 levels.

Aluminium (165.45): Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 155.60 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Natural Gas Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for Natural Gas for the week   (Oct 01, 2018 – Oct 05, 2018) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS closed the week on positive note gaining around 1.40%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 225 to 230 where the commodity has formed a high in the month of January-2018. If the commodity manages to close above these levels then the commodity can move to the levels of 235 to 240. During the week the commodity manages to hit a high of 226 and close the week around the levels of 218.

Support for the commodity lies in the zone of 208 to 210 from where the commodity broke out of July-2018 and August-2018 high. If the commodity manages to close below these levels then the commodity can drift to the levels of 200 to 203 where Fibonacci levels and short term moving averages are lying.

Resistance for the commodity lies in the zone of 225 to 230 where the commodity has formed a high in the month of January-2018 and September-2018. If the commodity manages to close above these levels then the commodity can move to the levels of 235 to 240.

Broad range for the commodity in the coming week can be seen between 200 – 205 on downside & 230 – 235 on upside.

Crude Oil Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (Oct 01, 2018 – Oct 05, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on positive note gaining around 3.70%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 5150 to 5200 where the commodity has formed a high in the month of July-2018. If the commodity manages to close above these levels then the commodity can move to the levels of 5300 to 5350. During the week the commodity manages to hit a high of 5350 and close the week around the levels of 5335.

Support for the commodity lies in the zone of 5150 to 5200 from where the commodity broke out of July-2018 high. If the commodity manages to close below these levels then the commodity can drift to the levels 4850 to 4900 where break out levels and Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 5330 to 5380 where high for the month of September-2018 is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 5450 to 5500 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 5050 – 5100 on downside & 5450 – 5500 on upside.

Aluminium Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for Aluminium for the week  (Oct 01, 2018 – Oct 05, 2018) :

ALUMINIUM:

 

ALUMINIUM 2

 

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

As we have mentioned last week, that resistance for the commodity lies in the zone of 151 to 153 from where the commodity broke down after consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of 158 to 160 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 152 and close the week around the levels of 149.

Support for the commodity lies in the zone of around 144 to 146 where Fibonacci levels and medium & long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 138 to 140 where Fibonacci levels and low for the month of July-2018 and August-2018 are lying.

Resistance for the commodity lies in the zone of 152 to 154 from where the commodity broke down after consolidation and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 158 to 160 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 140 – 143 on downside and 155 – 158 on upside.

Nickel Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for Nickel for the week  (Oct 01, 2018 – Oct 05, 2018) :

NICKEL:

 

NICKEL 2

 

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

As we have mentioned last week, that minor support for the commodity lies around 930 to 940. Support for the commodity lies in the zone of 900 to 910 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 870 to 880 from where the commodity broke out in the month of April-2018. During the week the commodity manages to hit a low of 903 and close the week around the levels of 913.

Support for the commodity lies in the zone of 900 to 910 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 870 to 880 from where the commodity broke out in the month of April-2018.

Minor resistance for the commodity lies around 930 to 940. Resistance for the commodity lies in the zone of 960 to 970 where Fibonacci levels and high for the month of August-2018 and September-2018 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 990 to 1000 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 870 – 880 on downside & 940 – 950 on upside.

Lead Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for Lead for the week  (Oct  01, 2018 – Oct 05, 2018) :

LEAD:

 

LEAD 2

 

LEAD closed the week on absolutely flat note.

As we have mentioned last week, that resistance for the commodity lies in the zone of 150 to 152 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 154 to 156 where Fibonacci levels and long term moving averages are lying. During the week the commodity manages to hit a high of 151 and close the week around the levels of 148.

Minor support for the commodity lies around 144 to 146. Support for the commodity lies in the zone of 138 to 140 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 130 to 132 where long term Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 150 to 152 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 154 to 156 where Fibonacci levels and long term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 138 – 140 on downside & 155 – 158 on upside.

Zinc Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for Zinc for the week  (Oct 01, 2018 – Oct 05, 2018) :

ZINC:

 

ZINC 2

 

ZINC closed the week on a positive note gaining around 4.60%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 185 to 187 where high for the month of August-2018 is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 190 to 192 where long term moving averages and Fibonacci levels are lying. During the week the commodity manages to hit a high of 195 and close the week around the levels of 192.

Support for the commodity lies in the zone of 185 to 187 from where the commodity broke out of August-2018 high 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 180 where Fibonacci levels and short term moving averages are lying.

Resistance for the commodity lies in the zone of 195 to 198 from where the commodity broke down from December-2017 & May-2018 lows and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 203 to 206 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 175 – 180 on downside & 200 – 205 on upside.

Copper Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for Copper for the week   (Oct 01, 2018 – Oct 05, 2018) :

COPPER:

 

COPPER 1

 

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

As we have mentioned last week, that resistance for the commodity lies in the zone of 460 to 465 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 475 to 480. During the week the commodity manages to hit a high of 463 and close the week around the levels of 453.

Support for the commodity lies in the zone of 445 to 450 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 430 to 435 from where the commodity broke out of August-2018 high and short term moving averages are lying.

Resistance for the commodity lies in the zone of 460 to 465 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 475 to 480.

Broad range for the commodity in the coming week can be seen between 435 – 440 on downside & 470 – 475 on upside.

Silver Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for Silver for the week  (Oct 01, 2018 – Oct 05, 2018) :

SILVER:

 

SILVER 1

 

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

As we have mentioned last week, that resistance for the commodity lies in the zone of 37800 to 38000 from where the commodity has broken down from April-2018, May-2018 and July-2018 lows. If the commodity manages to close above these levels then the commodity can move to the levels of 38400 to 38500 where long term moving averages and break down levels are lying. During the week the commodity manages to hit a high of 38634 and close the week around the levels of 38577.

Support for the commodity lies in the zone of 38000 to 38100 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 37300 to 37400 where Fibonacci levels and short term moving averages are lying.

Resistance for the commodity lies in the zone of 38600 to 38700 where long term moving averages and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 39100 to 39300 where Fibonacci levels are lying.

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

Gold Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for Gold for the week  (Oct 01, 2018 – Oct 05, 2018) :

GOLD:

 

GOLD 1

 

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

As we have mentioned last week, that minor support for the commodity lies around 30200 to 30300. Support for the commodity lies in the zone of 29900 to 30000 from where the commodity broke out after consolidation. If the commodity manages to close below these levels then the commodity can drift to the levels of 29500 to 29600 where break out levels and trend-line support for the commodity is lying. During the week the commodity manages to hit a low of 30220 and close the week around the levels of 30481.

Minor support for the commodity lies around 30200 to 30300. Support for the commodity lies in the zone of 29900 to 30000 from where the commodity broke out after consolidation and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 29500 to 29600 where break out levels and trend-line support for the commodity is lying.

Resistance for the commodity lies in the zone of 30500 to 30600 from where the commodity has broken down from 3 months of consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of 30700 to 30800 from where the commodity has broken down in the month of July-2018.

Broad range for the commodity in the coming week can be seen between 30100 – 30200 on downside & 30800 – 30900 on upside.

Colgate Palmolive Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for Colgate Palmolive for the week (Oct 01, 2018 – Oct 05, 2018) :

COLGATE PALMOLIVE:

 

COLPAL

 

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

As we have mentioned last week, that support for the stock lies in the zone of 1090 to 1100 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1040 to 1050 where Fibonacci levels are lying. During the week the stock manages to hit a low of 1055 and close the week around the levels of 1081.

Support for the stock lies in the zone of 1040 to 1050 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1000 to 1010.

Minor resistance for the stock lies around 1100 to 1110. Resistance for the stock lies around 1120 to 1130 where long & short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1160 to 1170 where Fibonacci levels and medium term moving averages are lying.

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

Dabur Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for DABUR for the week  (Oct 01, 2018 – Oct 05, 2018) :

DABUR:

 

DABUR

 

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

As we have mentioned last week, that support for the stock lies in the zone of 445 to 450 from where the stock broke out after consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 430 to 435 where Fibonacci levels and short term moving averages are lying. During the week the stock manages to hit a low of 417 and close the week around the levels of 427.

Support for the stock lies in the zone of 415 to 420 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 395 to 400 from where the stock broke out from June-2018 high.

Minor resistance for the stock lies around 435 to 440. Resistance for the stock lies around 455 to 460 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 475 to 480 where high for the month of August-2018 and September-2018 is lying.

Broad range for the stock in the coming week can be seen between 400 to 405 on downside & 450 to 465 on upside.

Hindustan Unilever Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for Hindustan Unilever for the week  (Oct 01, 2018 – Oct 05, 2018) : 

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on negative note losing around 0.80%.

As we have mentioned last week, that minor support for the stock lies around 1590 to 1600. Support for the stock lies in the zone of 1540 to 1550 where Fibonacci levels and low for the month of June-2018 is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1500 to 1510 where long term moving averages are lying. During the week the stock manages to hit a low of 1564 and close the week around the levels of 1608.

Minor support for the stock lies around 1590 to 1600. Support for the stock lies in the zone of 1540 to 1550 where Fibonacci levels and low for the month of June-2018 and September-2018 is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1500 to 1510 where long term moving averages are lying.

Minor resistance for the stock lies around 1630 to 1640. Resistance for the stock lies in the zone of 1660 to 1680 where short and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1700 to 1710 from where the stock broke down after consolidation.

Broad range for the stock in coming week is seen between 1550 to 1570 on downside & 1650 to 1670 on upside.

ITC Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for ITC for the week  (Oct 01, 2018 – Oct 05, 2018) : 

ITC:

 

ITC

 

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

As we have mentioned last week, that support for the stock lies in the zone of 300 to 303 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 290 to 293 from where the stock opened gap up and Fibonacci levels are lying. During the week the stock manages to hit a low of 290 and close the week around the levels of 298.

Support for the stock lies in the zone of 290 to 293 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 280 where Fibonacci levels and long term moving averages are lying.

Minor resistance for the stock lies around 303 to 306. Resistance for the stock lies in the zone of 310 to 315 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 from where the stock has opened gap down and Fibonacci levels are lying.

Broad range for the stock in coming week is seen between 280 to 285 on downside & 315 to 320 on upside.

Lupin Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for Lupin for the week  (Oct 01, 2018 – Oct 05, 2018) : 

LUPIN:

 

LUPIN

 

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

As we have mentioned last week, that support for the stock lies in the zone of 860 to 870 where short & medium 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 820 to 830 where long term moving averages are lying. During the week the stock manages to hit low of 852 and close the week around the levels of 901.

Support for the stock lies in the zone of 860 to 870 where short & medium 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 820 to 830 where long term moving averages are lying.

Minor support for the stock lies in the zone of 915 to 925. Resistance for the stock lies in the zone of 940 to 950 from where the stock broke down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 980 to 990 where high for the month of January-2018 is lying.

Broad range for the stock in coming week can be seen from 850 – 860 on lower side & 950 – 960 on upper side.

Cipla Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for Cipla for the week  (Oct 01, 2018 – Oct 05, 2018) : 

CIPLA:

 

CIPLA

 

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

As we have mentioned last week, that minor support for the stock lies around 640 to 650. Support for the stock lies in the zone of 600 to 610 where medium term moving averages and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can move to the levels of 585 to 590 where break out levels and long term moving averages are lying. During the week the stock manages to hit a low of 641 and close the week around the levels of 654.

Minor support for the stock lies around 640 to 650. Support for the stock lies in the zone of 600 to 610 where medium term moving averages and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can move to the levels of 585 to 590 where break out levels and long term moving averages are lying.

Resistance for the stock lies in the zone of 670 to 680 where the stock has formed a high in the month of August-2018 and September-2018. If the stock manages to close above these levels then the stock can move to the levels of 700 to 710.

Broad range for the stock is seen in the range of 620 – 630 on downside & 680 – 690 on upside.

Dr. Reddy Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for Dr. Reddy for the week (Oct 01, 2018 – Oct 05, 2018) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 1.00%.

As we have mentioned last week, that support for the stock lies in the zone of 2500 to 2550 where high for the month of August-2018 is lying. If the stock manages to close below these levels then the stock can drift to the levels of 2350 to 2400 where Fibonacci levels and high for the month of June-2018 and July-2018 is lying. During the week the stock manages to hit a low of 2485 and close the week around the levels of 2531.

Support for the stock lies in the zone of 2500 to 2530 where high for the month of August-2018 is lying. If the stock manages to close below these levels then the stock can drift to the levels of 2370 to 2400 where Fibonacci levels and high for the month of June-2018 and July-2018 is lying.

Resistance for the stock lies in the zone of 2630 to 2670 where high for the month of January-2018 and September-2018 are lying. If the stock manages to close above these levels then the stock can move to the levels of 2800 to 2850 where long term Fibonacci levels are lying.

Broad range for the stock is seen from 2400 – 2450 on downside & 2650 – 2700 on upside.

Sun Pharma Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for Sun Pharma for the week  (Oct 01, 2018 – Oct 05, 2018) : 

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on negative note losing around 1.80%.

As we have mentioned last week, that minor resistance for the stock lies around 650 to 660. Resistance for the stock lies in the zone of 680 to 690 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 720 to 730. During the week the stock manages to hit a high of 650 and close the week around the levels of 623.

Support for the stock lies in the zone of 600 to 610 from where the stock broke out of the highs formed in the month of January-2018 and February-2018 and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 570 to 580 where break out levels and medium term moving averages are lying.

Minor resistance for the stock lies around 640 to 650. Resistance for the stock lies in the zone of 670 to 680 where high for the month of September-2018 is lying. If the stock manages to close above these levels then the stock can move to the levels of 700 to 710.

Broad range for the stock in the coming week can be 600 – 610 on lower side & 650 – 660 on upper side.

Wipro Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for Wipro for the week  (Oct 01, 2018 – Oct 05, 2018) : 

WIPRO:

 

WIPRO

 

Wipro closed the week on negative losing around 3.30%.

As we have mentioned last week, that minor support for the stock lies around 320 to 325. Support for the stock lies in the zone of 300 to 305 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 285 to 290 where Fibonacci levels and long term moving averages are lying. During the week the stock manages to hit a low of 315 and close the week around the levels of 324.

Minor support for the stock lies around 315 to 320. Support for the stock lies in the zone of 300 to 305 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 285 to 290 where Fibonacci levels and long term moving averages are lying.

Resistance for the stock lies in the zone of 335 to 340 where high for the month of January-2018 and September-2018 is lying. If the stock manages to close above these levels then the stock can move to the levels of 350 to 355.

Broad range for the stock in the coming week is seen between 300 to 305 on downside & 350 to 355 on upside.

HCL Tech Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for HCL Tech for the week (Oct 01, 2018 – Oct 05, 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 1080 to 1100 where the stock has made a high in the month of April-2018. If the stock manages to close above these levels then the stock can move to the levels of 1120 to 1140. During the week the stock manages to hit a high of 1125 and close the week around the levels of 1088.

Support for the stock lies in the zone of 1040 to 1050 where Fibonacci levels and high for the month of August-2018 are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1010 to 1020 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 1080 to 1100 where the stock has made a high in the month of April-2018. If the stock manages to close above these levels then the stock can move to the levels of 1120 to 1140.

Broad range for the stock in the coming week is seen between 1020 to 1040 on downside & 1120 to 1140 on upside.

TCS Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for TCS for the week  (Oct 01, 2018 – Oct 05, 2018) : 

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on positive note gaining around 3.80%.

As we have mentioned last week, that resistance for the stock lies in the zone of 2100 to 2120. If the stock manages to close above these levels then the stock can move to the levels of 2140 to 2160. During the week the stock manages to hit a high of 2212 and close the week around the levels of 2184.

Minor support for the stock lies in the zone of 2130 to 2150. Support for the stock lies in the zone of 2100 to 2110 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2020 to 2040 where low for the month of September-2018 is lying.

Resistance for the stock lies in the zone of 2200 to 2220 where high for the month of September-2018 is lying. If the stock manages to close above these levels then the stock can move to the levels of 2260 to 2280.

Broad range for the stock in the coming week is seen between 2100 to 2120 on downside & 2220 to 2240 on upside.

Infosys Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquiyPandit’s Outlook for Infosys for the week  (Oct 01, 2018 – Oct 05, 2018) : 

INFOSYS:

 

INFY

 

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

As we have mentioned last week, that minor resistance for the stock lies around 720 to 730. Resistance for the stock lies around 745 to 755 where the stock has formed a short term top. If the stock manages to close above these levels then the stock can move to the levels of 765 to 775. During the week the stock manages to hit a high of 736 and close the week around the levels of 730.

Minor support for the stock lies around 710 to 720. Support for the stock lies in the zone of 685 to 695 where the stock has taken multiple support and short term moving averages are lying. If the stock manages to close below these levels the stock can drift to the levels of 660 to 670 where Fibonacci levels and medium term moving averages are lying.

Resistance for the stock lies around 745 to 755 where the stock has formed a high in the month of September-2018. If the stock manages to close above these levels then the stock can move to the levels of 765 to 775.

Broad range for the stock in the coming week is seen between 690 to 700 on downside & 750 to 760 on upside.

SBI Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for SBI for the week  (Oct 01, 2018 – Oct 05, 2018) : 

STATE BANK OF INDIA:

 

SBIN

 

SBIN closed the week on negative note losing around 1.90%.

As we have mentioned last week, that resistance for the stock lies in the zone of 275 to 280 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 285 to 290 from where the stock has broken down from August-2018 lows. During the week the stock manages to hit a high of 274 and close the week around the levels of 265.

Support for the stock lies in the zone of 260 to 265 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 245 to 250 where long term Fibonacci levels are lying.

Resistance for the stock lies in the zone of 275 to 280 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 285 to 290 from where the stock has broken down from August-2018 lows.

Broad range for the stock in the coming week can be 250 to 255 on lower side & 280 to 285 on upper side.

Axis Bank Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for Axis Bank for the week  (Oct 01, 2018 – Oct 05, 2018) : 

AXIS BANK:

 

AXISBANK

 

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

As we have mentioned last week, that minor resistance for the stock lies around 615 to 620. Resistance for the stock lies in the zone of 630 to 640 from where the stock has broken down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 650 to 660 from where the stock has broken down. During the week the stock manages to hit a high of 625 and close the week around the levels of 613.

Support for the stock lies in the zone of 580 to 590 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 and long term moving averages are lying.

Minor resistance for the stock lies around 615 to 620. Resistance for the stock lies in the zone of 630 to 640 from where the stock has broken down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 650 to 660 from where the stock has broken down.

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 (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for ICICI Bank for the week  (Oct 01, 2018 – Oct 05, 2018) : 

ICICI BANK:

 

ICICIBANK

 

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

As we have mentioned last week, that 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. During the week the stock manages to hit a low of 300 and close the week around the levels of 306.

Support for the stock lies in the zone of 303 to 305 from where the stock broke out of June-2018 high and long & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 285 to 290 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 315 to 320 where 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 where the stock has formed a double top in the month of August-2018.

Broad range for the stock in the coming week can be 285 – 290 on lower side & 320 – 325 on upper side.

HDFC Bank Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for HDFC Bank for the week   (Oct 01, 2018 – Oct 05, 2018) : 

HDFC BANK:

 

HDFCBANK

 

HDFC Bank 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 1930 to 1950 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 1880 to 1900. During the week the stock manages to hit a low of 1915 and close the week around the levels of 2006.

Support for the stock lies in the zone of 1950 to 1970 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 1880 to 1900 where low for the month of September-2018 is lying.

Resistance for the stock lies in the zone of 2000 to 2020 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 2040 to 2060 from where the stock has broken down from double bottom pattern.

Broad range for the stock in the coming week can be 1950 to 1970 on lower side & 2030 to 2050 on upper side.

Nifty Media Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for NIFTY MEDIA for the week   (Oct 01, 2018 – Oct 05, 2018) : 

NIFTY MEDIA:

 

NIFTYMEDIA

 

Nifty Media index closed the week on negative note losing around 5.20%.

As we have mentioned last week, that support for the index lies in the zone of 2500 to 2550 where the index has formed a double bottom in the month of November-2016 and December-2016. If the index manages to close below these levels then the index can drift to the levels of 2400 to 2450 where long term Fibonacci levels are lying. During the week the index manages to hit a low of 2412 and close the week around the levels of 2447.

Support for the index lies in the zone of 2400 to 2450 where long term Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 2300 to 2350 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 2500 to 2550 from where the index has broken down from the double bottom formed in the month of November-2016 and December-2016. If the index manages to close above these levels then the index can move to the levels of 2650 to 2700 where Fibonacci levels are lying.

Broad range for the index is seen between 2300 to 2350 on downside & 2550 to 2600 on upside.

Nifty Realty Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for NIFTY REALTY for the week  (Oct 01, 2018 – Oct 05, 2018) : 

NIFTY REALTY:

 

NIFTYREALT

 

Nifty REALTY index closed the week on negative note losing around 11.70%.

As we have mentioned last week, that support for the index lies in the zone of 245 to 250 where the index has taken support in the month of August-2017 and July-2018. If the index manages to close below these levels then the index can drift to the levels of 220 to 230 where long term Fibonacci levels are lying. During the week the index manages to hit a low of 218 and close the week around the levels of 220.

Support for the index lies in the zone of 215 to 220 from where the index broke out in the year 2016. If the index manages to close below these levels then the index can witness a freefall and can drift to the levels of 195 to 200.

Minor resistance for the index lies in the zone of 225 to 230. Resistance for the index lies in the zone of 235 to 240 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 245 to 250 from where the index broke down from July-2018 lows.

Broad range for the index is seen between 200 to 205 on downside & 240 to 245 on upside.

Nifty PSU Bank Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Oct 01, 2018 – Oct 05, 2018) :  

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on negative note losing around 4.70%.

As we have mentioned last week, that support for the index lies in the zone of 2800 to 2850 where long term Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 2650 to 2700 where the index has taken multiple supports in the 2nd half of the year. During the week the index manages to hit a low of 2674 and close the week around the levels of 2700.

Support for the index lies in the zone of 2650 to 2700 where the index has taken multiple supports in the month of March-2018, May-2018 and July-2018. If the index manages to close below these levels then the index can drift to the levels of 2450 to 2500 where long term Fibonacci levels are lying.

Resistance for the index lies in the zone of 2800 to 2850 where long term Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 2900 to 2950 where Fibonacci levels are lying.

Broad range for the index is seen between 2500 to 2550 on downside & 2850 to 2900 on upside.

Nifty Metal Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for NIFTY METAL for the week (Oct 01, 2018 – Oct 05, 2018) :  

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on negative note losing around 5.10%.

As we have mentioned last week, that minor resistance for the index lies around 3700 to 3730. Resistance for the index lies in the zone of 3800 to 3850 where Fibonacci levels and gap for the index is lying. If the index manages close above these levels then the index can move to the levels of 3900 to 3950 where high for the month of April-2018 is lying. During the week the index manages to hit a high of 3725 and close the week around the levels of 3485.

Support for the index lies in the zone of 3400 to 3450 where Fibonacci levels and short & medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3300 to 3350 where the index has taken support in the month of August-2018.

Minor resistance for the index lies around 3520 to 3550. Resistance for the index lies in the zone of 3600 to 3630 where Fibonacci levels are lying. If the index manages close above these levels then the index can move to the levels of 3700 to 3750 where high for the month of September-2018 is lying.

Broad range for the index is seen between 3300 to 3350 on downside & 3650 to 3700 on upside.

Nifty Energy Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (Oct 01, 2018 – Oct 05, 2018) :  

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 0.80%.

As we have mentioned last week, that minor support for the index lies in the zone of 15400 to 15500. Support for the index lies in the zone of 15000 to 15100 where Fibonacci 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 15193 and close the week around the levels of 15697.

Minor support for the index lies in the zone of 15400 to 15500. Support for the index lies in the zone of 15000 to 15100 where Fibonacci 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 16000 to 16100 where the index has formed a high in the month of September-2018. If the index manages to close above these levels then the index can move to the levels of 16400 to 16500 where the index has formed a high in the month of August-2018.

Broad range for the index is seen between 15000 to 15100 on downside & 16000 to 16100 on upside.

Nifty Auto Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for NIFTY Auto for the week  (Oct 01, 2018 – Oct 05, 2018) :  

NIFTY AUTO:

 

NIFTYAUTO

 

Nifty AUTO index closed the week on negative note losing around 7.80%.

As we have mentioned last week, that support for the index lies in the zone of 10100 to 10200 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9400 to 9500 where Fibonacci levels are lying. During the week the index manages to hit a low of 9456 and close the week around the levels of 9590.

Support for the index lies in the zone of 9400 to 9500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9000 to 9100 from where the index broke out from the high formed in the year 2015.

Minor resistance for the index lies around 9800 to 9900. Resistance for the index lies in the zone of 10150 to 10250 where Fibonacci levels are lying. If the index manages to close below these levels then the index can move to the levels of 10500 to 10600 from where the index has broken down from the lows formed in the month of September-2017 and March-2018.

Broad range for the index is seen from 9000 to 9100 on downside & 10000 to 10100 on upside.

Nifty Pharma Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for NIFTY Pharma for the week  (Oct 01, 2018 – Oct 05, 2018) :  

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that minor resistance for the index lies around 10400 to 10500. Resistance for the index lies in the zone of 10700 to 10800 from where the index has broken down in December-2016. If the index manages to close above these levels then the index can move to the levels of 11000 to 11200. During the week the index manages to hit a high of 10440 and close the week around the levels of 9972.

Support for the index lies in the zone of 9900 to 10000 where high for the month of January-2018 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 9450 to 9500 from where the index broke out of February-2018, June-2018 and July-2018 highs.

Resistance for the index lies in the zone of 10200 to 10300 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where high for the month of September-2018 is lying.

Broad range for the index is seen from 9600 to 9700 on downside & 10300 to 10400 on upside.

Nifty FMCG Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for NIFTY FMCG for the week (Oct 01, 2018 – Oct 05, 2018) :  

NIFTY FMCG:

 

NIFTYFMCG

 

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

As we have mentioned last week, that support for the index lies in the zone of 30000 to 30200 where the index has formed a gap, Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 29500 to 29700 where the index has formed a gap and Fibonacci levels are lying. During the week the index manages to hit a low of 29373 and close the week around the levels of 29758.

Support for the index lies in the zone of 29300 to 29500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 28400 to 28600 where Fibonacci levels and long term moving averages are lying.

Minor resistance for the index lies around 30000 to 30100. Resistance for the index lies around 30900 to 31100 where Fibonacci levels and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 31800 to 32000 from where the index has broken down after consolidation.

Broad range for the index in the coming week is seen from 28500 to 28700 on downside & 30700 to 30900 on upside.

Nifty IT Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Oct 01, 2018 – Oct 05, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on absolutely flat note.

As we have mentioned last week, that minor support for the index lies around 15800 to 15900. Support for the index lies in the zone of 15300 to 15400 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 15000 to 15100 from where the index broke out after consolidation. During the week the index manages to hit a low of 15735 and close the week around the levels of 15838.

Minor support for the index lies around 15800 to 15900. Support for the index lies in the zone of 15300 to 15400 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 15000 to 15100 from where the index broke out after consolidation.

Resistance for the index lies in the zone of 16250 to 16350 where the index has formed a high in the month of September-2018. If the index manages to close above these levels then the index can move to the levels of 16600 to 16700.

Broad range for the index in the coming week is seen from 15300 to 15400 on downside & 16200 to 16300 on upside.

Nifty Bank Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 01, 2018 – Oct 05, 2018):

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on negative note losing around 1.90%.

As we have mentioned, last week that minor support for the index lies around 25400 to 25500. Support for the index lies in the zone 25000 to 25100 from where the index has broken out in the month of April-2018. If the index manages to close below these levels then the index can drift to the levels of 24500 to 24600. During the week the index manages to hit a low of 24678 and close the week around the levels of 25120.

Minor support for the index lies around 25000 to 25100. Support for the index lies in the zone 24500 to 24700 from where the index broke out in the month of April-2018. If the index manages to close below these levels then the index can drift to the levels of 23900 to 24100 where low for the month of April-2018 is lying.

Minor resistance for the index lies around 25400 to 25500. Resistance for the index lies in the zone of 26000 to 26100 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 26500 to 26600 where Fibonacci levels are lying.

Range for the week is seen from 24000 to 24100 on downside & 26000 to 26100 on upside.

Nifty Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for Nifty for the week  (Oct 01, 2018 – Oct 05, 2018):

NIFTY:

 

NIFTY

 

Nifty closed the week on negative note losing around 1.90%.

As we have mentioned last week that support for the index lies in the zone of 11000 to 11100 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 10800 to 10900 from where the index broke out of double top and long term moving averages are lying. During the week the index manages to hit a low of 10850 and close the week around the levels of 10930.

Support for the index lies in the zone of 10800 to 10900 from where the index broke out of double top and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10600 where low for the month of June-2018 is lying.

Resistance for the index lies around 11100 to 11200 from where the index has broken down from earlier high. If the index manages to close above these levels then the index can move to the levels of 11300 to 11400 from where the index has broken down from the August-2018 lows and Head & Shoulder pattern.

Broad range for the week is seen from 10600 on downside & 11300 on upside.

MCX Tips for – September 28, 2018

Gold (30324): Gold has entered into negative zone and traders can go short at every rise or hold short positions until Gold closes above  30764  levels.

Silver (37599):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 37597  levels.

Crude (5239): Crude is trading into positive zone and traders can go long at every dip or hold long positions until Crude closes below 5146  levels.

Natural Gas (223.50): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 216.40 levels.

Copper (448.35): Copper has entered into negative zone. Traders can hold short positions or can initiate fresh short at every rise until it closes above 460.50.

Zinc (184.20): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 180.30  levels.

Lead (144.60): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 147.20 levels.

Nickel (905.60):  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 936.00 levels.

Aluminium (146.20): Aluminium has entered into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 150.20 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 – September 27, 2018

Gold (30593): Gold is trading into positive zone and traders can go long at every dip or hold long positions until Gold closes below  30517  levels.

Silver (37866):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 37597  levels.

Crude (5212): Crude is trading into positive zone and traders can go long at every dip or hold long positions until Crude closes below 5146  levels.

Natural Gas (218.50): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 216.40 levels.

Copper (456.60): 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 449.80.

Zinc (185.90): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 179.80  levels.

Lead (143.90): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 147.90 levels.

Nickel (924.00):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 920.10 levels.

Aluminium (148.05): Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 146.40 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 – September 26, 2018

Gold (30819): Gold is trading into positive zone and traders can go long at every dip or hold long positions until Gold closes below  30517  levels.

Silver (38242):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 37530  levels.

Crude (5271): Crude is trading into positive zone and traders can go long at every dip or hold long positions until Crude closes below 5146  levels.

Natural Gas (223.00): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 216.40 levels.

Copper (457.35): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes below 449.80.

Zinc (183.40): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 179.20  levels.

Lead (145.50): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 147.90 levels.

Nickel (936.90):  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 920.10 levels.

Aluminium (148.90): Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 145.50 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

MCX Tips for – September 25, 2018

Gold (30842): Gold is trading into positive zone and traders can go long at every dip or hold long positions until Gold closes below  30507  levels.

Silver (37867):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 37238  levels.

Crude (5276): Crude is trading into positive zone and traders can go long at every dip or hold long positions until Crude closes below 5095  levels.

Natural Gas (220.80): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 212.40 levels.

Copper (459.10): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes below 449.80.

Zinc (183.80): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 179.20  levels.

Lead (147.30): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 147.90 levels.

Nickel (929.90):  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 920.10 levels.

Aluminium (147.40): Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 145.50 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

MCX Tips for – September 24, 2018

Gold (30582): Gold is trading into positive zone and traders can go long at every dip or hold long positions until Gold closes below  30507  levels.

Silver (37590):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 37139  levels.

Crude (5146): Crude is trading into positive zone and traders can go long at every dip or hold long positions until Crude closes below 4989  levels.

Natural Gas (215.20): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 209.10 levels.

Copper (458.15): 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 440.00.

Zinc (182.30): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 175.60  levels.

Lead (147.75): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 147.90 levels.

Nickel (954.40):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 913.70 levels.

Aluminium (149.05): Aluminium has entered into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 144.80 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Natural Gas Outlook for the Week (Sep 24, 2018 – Sep 28, 2018)

EquityPandit’s Outlook for Natural Gas for the week   (Sep 24, 2018 – Sep 28, 2018) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS closed the week on positive note gaining around 7.80%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 203 to 205. Resistance for the commodity lies in the zone of 208 to 210 where high for the month of June-2018 and August-2018 are 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 216 and close the week around the levels of 215.

Support for the commodity lies in the zone of 208 to 210 from where the commodity broke out of July-2018 and August-2018 high. If the commodity manages to close below these levels then the commodity can drift to the levels of 200 to 203 where Fibonacci levels and short term moving averages are lying.

Resistance for the commodity lies in the zone of 225 to 230 where the commodity has formed a high in the month of January-2018. If the commodity manages to close above these levels then the commodity can move to the levels of 235 to 240.

Broad range for the commodity in the coming week can be seen between 195 – 200 on downside & 230 – 235 on upside.

Crude Oil Outlook for the Week (Sep 24, 2018 – Sep 28, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (Sep 24, 2018 – Sep 28, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on positive note gaining around 4.00%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 5000 to 5050 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 5150 to 5200 where the commodity has formed a high in the month of July-2018. During the week the commodity manages to hit a high of 5195 and close the week around the levels of 5134.

Minor support for the commodity lies in the zone of 5000 to 5050. Support for the commodity lies in the zone of 4850 to 4900 where break out levels and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels 4750 to 4800 where medium term moving averages and Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 5150 to 5200 where the commodity has formed a high in the month of July-2018. If the commodity manages to close above these levels then the commodity can move to the levels of 5300 to 5350.

Broad range for the commodity in the coming week can be seen between 4900 – 4950 on downside & 5300 – 5350 on upside.

Aluminium Outlook for the Week (Sep 24, 2018 – Sep 28, 2018)

EquityPandit’s Outlook for Aluminium for the week  (Sep 24, 2018 – Sep 28, 2018) :

ALUMINIUM:

 

ALUMINIUM 1

 

ALUMINIUM 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 around 144 to 146 where Fibonacci levels and medium & long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 138 to 140 where Fibonacci levels and low for the month of July-2018 and August-2018 are lying. During the week the commodity manages to hit a low of 144 and close the week around the levels of 149.

Support for the commodity lies in the zone of around 144 to 146 where Fibonacci levels and medium & long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 138 to 140 where Fibonacci levels and low for the month of July-2018 and August-2018 are lying.

Resistance for the commodity lies in the zone of 151 to 153 from where the commodity broke down after consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of 158 to 160 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 140 – 143 on downside and 155 – 158 on upside.

Nickel Outlook for the Week (Sep 24, 2018 – Sep 28, 2018)

EquityPandit’s Outlook for Nickel for the week  (Sep 24, 2018 – Sep 28, 2018) :

NICKEL:

 

NICKEL 1

 

NICKEL closed the week on positive note gaining around 6.80%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 900 to 910 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 around 950 to 960 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 957 and close the week around the levels of 953.

Minor support for the commodity lies around 930 to 940. Support for the commodity lies in the zone of 900 to 910 where Fibonacci levels and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 870 to 880 from where the commodity broke out in the month of April-2018.

Resistance for the commodity lies in the zone of 960 to 970 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 990 to 1000 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 900 – 910 on downside & 980 – 990 on upside.

Lead Outlook for the Week (Sep 24, 2018 – Sep 28, 2018)

EquityPandit’s Outlook for Lead for the week  (Sep 24, 2018 – Sep 28, 2018) :

LEAD:

 

LEAD 1

 

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

As we have mentioned last week, that resistance for the commodity lies in the zone of 150 to 152 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 154 to 156 where Fibonacci levels and long term moving averages are lying. During the week the commodity manages to hit a high of 151 and close the week around the levels of 147.

Minor support for the commodity lies around 144 to 146. Support for the commodity lies in the zone of 138 to 140 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 130 to 132 where long term Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 150 to 152 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 154 to 156 where Fibonacci levels and long term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 138 – 140 on downside & 152 – 155 on upside.

Zinc Outlook for the Week (Sep 24, 2018 – Sep 28, 2018)

EquityPandit’s Outlook for Zinc for the week  (Sep 24, 2018 – Sep 28, 2018) :

ZINC:

 

ZINC 1

 

ZINC closed the week on a positive note gaining around 9.60%.

As we have mentioned last week, that minor resistance for the commodity lies around 170 to 173. Resistance for the commodity lies in the zone of 178 to 180 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 185 to 187 where high for the month of August-2018 is lying. During the week the commodity manages to hit a high of 184 and close the week around the levels of 182.

Support for the commodity lies in the zone of 178 to 180 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 170 to 173 where break out levels are lying.

Resistance for the commodity lies in the zone of 185 to 187 where high for the month of August-2018 is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 190 to 192 where long term moving averages and Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 170 – 175 on downside & 190 – 195 on upside.

Copper Outlook for the Week (Sep 24, 2018 – Sep 28, 2018)

EquityPandit’s Outlook for Copper for the week   (Sep 24, 2018 – Sep 28, 2018) :

COPPER:

 

COPPER 1

 

COPPER closed the week on positive note gaining around 8.10%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 430 to 435 from where the commodity broke down from the lows of March-2018 & April-2018, Fibonacci levels and short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 440 to 445 where medium & long term moving averages are lying. During the week the commodity manages to hit a high of 461 and close the week around the levels of 458.

Support for the commodity lies in the zone of 445 to 450 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 430 to 435 from where the commodity broke out of August-2018 high and short term moving averages are lying.

Resistance for the commodity lies in the zone of 460 to 465 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 475 to 480.

Broad range for the commodity in the coming week can be seen between 435 – 440 on downside & 475 – 480 on upside.

Silver Outlook for the Week (Sep 24, 2018 – Sep 28, 2018)

EquityPandit’s Outlook for Silver for the week  (Sep 24, 2018 – Sep 28, 2018) :

SILVER:

 

SILVER 1

 

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

As we have mentioned last week, that resistance for the commodity lies in the zone of 37400 to 37500 from where the commodity has broken down from the February-2018 and March-2018 low. If the commodity manages to close above these levels then the commodity can move to the levels of 37900 to 38100 from where the commodity has broken down from April-2018, May-2018 and July-2018 lows. During the week the commodity manages to hit a high of 37845 and close the week around the levels of 37582.

Minor support for the commodity lies in the zone of 37000 to 37200. Support for the commodity lies in the zone of 36500 to 36600 where the commodity has formed a low in the month of December-2017 and August-2018. If the commodity manages to close below these levels then the commodity can drift to the levels of 35500 to 35600 where the commodity has formed a low in the month of July-2017.

Resistance for the commodity lies in the zone of 37800 to 38000 from where the commodity has broken down from April-2018, May-2018 and July-2018 lows. If the commodity manages to close above these levels then the commodity can move to the levels of 38400 to 38500 where long term moving averages and break down levels are lying.

Broad range for the commodity in the coming week can be seen between 36500 – 36700 on downside & 38300 – 38500 on upside.

Gold Outlook for the Week (Sep 24, 2018 – Sep 28, 2018)

EquityPandit’s Outlook for Gold for the week  (Sep 24, 2018 – Sep 28, 2018) :

GOLD:

 

GOLD 1

 

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

As we have mentioned last week, that resistance for the commodity lies in the zone of 30450 to 30550 from where the commodity has broken down from 3 months of consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of 30700 to 30800 from where the commodity has broken down in the month of July-2018. During the week the commodity manages to hit a high of 30928 and close the week around the levels of 30582.

Minor support for the commodity lies around 30200 to 30300. Support for the commodity lies in the zone of 29900 to 30000 from where the commodity broke out after consolidation. If the commodity manages to close below these levels then the commodity can drift to the levels of 29500 to 29600 where break out levels and trend-line support for the commodity is lying.

Resistance for the commodity lies in the zone of 30450 to 30550 from where the commodity has broken down from 3 months of consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of 30700 to 30800 from where the commodity has broken down in the month of July-2018.

Broad range for the commodity in the coming week can be seen between 30000 – 30100 on downside & 30800 – 30900 on upside.