All posts by EquityPandit

MCX Tips for – June 20, 2018

Gold (30891): Gold is trading into negative zone and traders can go short at every rise or hold short positions until Gold closes above 31220  levels.

Silver (39688):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40535  levels.

Crude (4435): Crude is trading into positive zone and traders can go long at every dip or hold long positions until Crude closes below 4426  levels.

Natural Gas (197.40): NG has entered into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG closes above 204.50 levels.

Copper (458.50): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 471.00.

Zinc (205.95): Zinc is trading into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc closes above 211.70  levels.

Lead (165.05): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 167.05 levels.

Nickel (998.90):  Nickel is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Nickel future closes above 1030.90 levels.

Aluminium (149.00): Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 153.10 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 – June 19, 2018

Gold (30974): Gold is trading into negative zone and traders can go short at every rise or hold short positions until Gold closes above 31222  levels.

Silver (40020):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40756  levels.

Crude (4481): Crude is trading into positive zone and traders can go long at every dip or hold long positions until Crude closes below 4426  levels.

Natural Gas (201.40): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 200.20 levels.

Copper (468.75): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 477.80.

Zinc (210.90): Zinc is trading into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc closes above 214.50  levels.

Lead (165.80): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 167.05 levels.

Nickel (1016.60):  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 1049.70 levels.

Aluminium (152.45): Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 154.10 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 – June 18, 2018

Gold (31010): Gold has entered into negative zone and traders can go short at every rise or hold short positions until Gold closes above 31428  levels.

Silver (40199):  Silver has entered into negative zone and traders can go short at every rise or hold short positions until Silver closes above 41540  levels.

Crude (4435): Crude is trading into positive zone and traders can go long at every dip or hold long positions until Crude closes below 4426  levels.

Natural Gas (206.20): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 200.20 levels.

Copper (473.90): Copper has entered into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 486.20.

Zinc (212.00): Zinc has entered into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc closes above 218.10  levels.

Lead (163.80): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 168.00 levels.

Nickel (1030.20):  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 1027.70 levels.

Aluminium (151.95): Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 155.40 levels.

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

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

MCX Subscription Pricing details can be seen at MCX Services

Natural Gas Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for Natural Gas for the week   (June 18, 2018 – June 22, 2018) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS closed the week on positive note gaining around 5.30%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 200 to 203 from where the commodity has sold off in the month of January-2018. If the commodity manages to close above these levels then the commodity can move to the levels of 210 to 215 where the gap is formed. During the week the commodity manages to hit a high of 208 and close the week around the levels of 206.

Support for the commodity lies in the zone of 200 to 203 from where the commodity broke out of May-2018 high. If the commodity manages to close below these levels then the commodity can drift to the levels of 187 to 190 where Fibonacci levels and short term moving averages are lying.

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

Broad range for the commodity in the coming week can be seen between 190 – 195 on downside & 215 – 220 on upside.

Crude Oil Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (June 18, 2018 – June 22, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on negative note losing around 0.20%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 4550 to 4600 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4650 to 4700 from where the commodity has broken down. During the week the commodity manages to hit a high of 4575 and close the week around the levels of 4432.

Minor support for the commodity lies in the zone of 4370 to 4400. Support for the commodity lies in the zone of 4250 to 4300 where break out 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 4000 to 4050 where Fibonacci levels and long term moving averages are lying.

Minor resistance for the commodity lies in the zone of 4480 to 4500. Resistance for the commodity lies in the zone of 4550 to 4600 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4650 to 4700 from where the commodity has broken down.

Broad range for the commodity in the coming week can be seen between 4250 – 4300 on downside & 4550 – 4600 on upside.

Aluminium Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for Aluminium for the week  (June 18, 2018 – June 22, 2018) :

ALUMINIUM:

 

ALUMINIUM 1

 

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

As we have mentioned last week, that minor support for the commodity lies in the zone of 153 to 155. Support for the commodity lies in the zone of around 144 to 146 from where the commodity broke out of December-2017 and January-2018 highs. If the commodity manages to close below these levels then the commodity can drift to the levels of 130 to 135 where Fibonacci levels and long term moving averages are lying. During the week the commodity manages to hit a low of 151 and close the week around the levels of 152.

Support for the commodity lies in the zone of around 144 to 146 from where the commodity broke out of December-2017 and January-2018 highs. If the commodity manages to close below these levels then the commodity can drift to the levels of 130 to 135 where Fibonacci levels are lying.

Minor resistance for the commodity lies in the zone of 155 to 157. Resistance for the commodity lies in the zone of 160 to 162 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 175 to 180 where the commodity has formed a top in the month of April-2018.

Broad range for the commodity in the coming week can be seen between 135 – 140 on downside and 165 – 170 on upside.

Nickel Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for Nickel for the week  (June 18, 2018 – June 22, 2018) :

NICKEL:

 

NICKEL 1

 

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

As we have mentioned last week, that resistance for the commodity lies in the zone of 1050 to 1060 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 1090 to 1100 where the commodity has formed a top in the month of April-2018. During the week the commodity manages to hit a high of 1058 and close the week around the levels of 1032.

Minor support for the commodity lies in the zone of 1010 to 1020. Support for the commodity lies in the zone of 990 to 1000 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 970 to 980 where Fibonacci levels and short term moving averages are lying.

Resistance for the commodity lies in the zone of 1050 to 1060 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 1090 to 1100 where the commodity has formed a top in the month of April-2018.

Broad range for the commodity in the coming week can be seen between 1000 – 1010 on downside & 1070 – 1080 on upside.

Lead Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for Lead for the week  (June 18, 2018 – June 22, 2018) :

LEAD:

 

LEAD 1

 

LEAD closed the week on negative note losing around 1.70%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 165 to 168 from where the commodity has broken down and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 170 to 172 where the commodity has formed a top in the month of February-2018 & May-2018. During the week the commodity manages to hit a high of 170 and close the week around the levels of 164.

Support for the commodity lies in the zone of 158 to 161 where medium & long term moving averages and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 150 to 153 where low for the month of April-2018 & May-2018 and Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 165 to 168 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 170 to 172 where the commodity has formed a top in the month of February-2018 & May-2018.

Broad range for the commodity in the coming week can be seen between 155 – 157 on downside & 175 – 177 on upside.

Zinc Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for Zinc for the week  (June 18, 2018 – June 22, 2018) :

ZINC:

 

ZINC 1

 

ZINC closed the week on a negative note losing around 2.50%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 218 to 220 where high for month of April-2018 and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 228 to 230 where the commodity has formed a top in the month of January-2018. During the week the commodity manages to hit a high of 219 and close the week around the levels of 212.

Support for the commodity lies in the zone of 210 to 212 where short & medium term moving averages and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 200 to 205 where the commodity has taken multiple support in the month of May-2018.

Resistance for the commodity lies in the zone of 218 to 220 where high for month of April-2018 and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 228 to 230 where the commodity has formed a top in the month of January-2018.

Broad range for the commodity in the coming week can be seen between 200 – 205 on downside & 220 – 225 on upside.

Copper Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for Copper for the week   (June 18, 2018 – June 22, 2018) :

COPPER:

 

COPPER 1

 

COPPER closed the week on negative note losing around 3.50%.

As we have mentioned last week, that support for the commodity lies in the zone of 480 to 485 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 470 to 475 from where the commodity broke out of double top pattern. During the week the commodity manages to hit a low of 473 and close the week around the levels of 474.

Support for the commodity lies in the zone of 465 to 470 from where the commodity broke out of December-2017, February-2018 and April-2018 highs. If the commodity manages to close below these levels then the commodity can drift to the levels of 455 to 460 where short and medium term moving averages are lying.

Resistance for the commodity lies in the zone of 480 to 485 from where the commodity has broken down after consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of 495 to 500 where the commodity has formed a short term top.

Broad range for the commodity in the coming week can be seen between 460 – 465 on downside & 490 – 495 on upside.

Silver Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for Silver for the week  (June 18, 2018 – June 22, 2018) :

SILVER:

 

SILVER 1

 

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

As we have mentioned last week, that minor support for the commodity lies in the zone of 40000 to 40100. Support for the commodity lies in the zone of 39400 to 39500 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels of 39000 to 39100 where short, medium & long term moving averages and Fibonacci levels are lying. During the week the commodity manages to hit a high of 41698 and close the week around the levels of 40209.

Minor support for the commodity lies in the zone of 40000 to 40100. Support for the commodity lies in the zone of 39400 to 39500 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels of 39000 to 39100 where short, medium & long term moving averages and Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 40600 to 40800 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 41000 to 41200.

Broad range for the commodity in the coming week can be seen between 39500 – 39700 on downside & 41500 – 41700 on upside.

Gold Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for Gold for the week  (June 18, 2018 – June 22, 2018) :

GOLD:

 

GOLD 1

 

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

As we have mentioned last week, that resistance for the commodity lies in the zone of 31500 to 31600 where Fibonacci levels and trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31900 to 32000 from where the commodity sold off in the month of August-2016. During the week the commodity manages to hit a high of 31424 and close the week around the levels of 31010.

Minor support for the commodity lies in the zone of 30800 to 30900. Support for the commodity lies in the zone of 30400 to 30500 from where the commodity broke out of September-2017 high. If the commodity manages to close below these levels then the commodity can drift to the levels of 29900 to 30000 where the commodity has taken multiple support in the month of Februay-2018 & March-2018 and medium term moving averages are lying.

Resistance for the commodity lies in the zone of 31500 to 31600 where Fibonacci levels and trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31900 to 32000 from where the commodity sold off in the month of August-2016.

Broad range for the commodity in the coming week can be seen between 30500 – 30600 on downside & 31600 – 31700 on upside.

Colgate Palmolive Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for Colgate Palmolive for the week (June 18, 2018 – June 22, 2018) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on negative note losing around 0.90%.

As we have mentioned last week, that minor resistance for the stock lies in the zone of 1250 to 1260. Resistance for the stock lies around 1270 to 1280 where the stock has formed a high in the month of May-2018. If the stock manages to close above these levels then the stock can move to the levels of 1300 to 1310. During the week the stock manages to hit a high of 1253 and close the week around the levels of 1219.

Minor support for the stock lies in the zone of 1210 to 1220. Support for the stock lies in the zone of 1180 to 1190 from where the stock broke out of September-2017 and January-2018 highs. If the stock manages to close below these levels then the stock can drift to the levels of 1140 to 1150 from where the stock broke out.

Minor resistance for the stock lies in the zone of 1250 to 1260. Resistance for the stock lies around 1270 to 1280 where the stock has formed a high in the month of May-2018. If the stock manages to close above these levels then the stock can move to the levels of 1300 to 1310.

Broad range for the stock is seen between 1180 to 1190 on downside & 1270 to 1280 on upside.

Dabur Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for DABUR for the week  (June 18, 2018 – June 22, 2018) :

DABUR:

 

DABUR

 

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

As we have mentioned last week, that minor support for the stock lies in the zone of 375 to 380. Support for the stock lies in the zone of 355 to 360 where break out levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 343 to 348 where Fibonacci levels and medium term moving averages are lying. During the week the stock manages to hit a low of 381 and close the week around the levels of 384.

Minor support for the stock lies in the zone of 375 to 380. Support for the stock lies in the zone of 355 to 360 where break out levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 343 to 348 where Fibonacci levels and medium term moving averages are lying.

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

Broad range for the stock in the coming week can be seen between 365 to 370 on downside & 400 to 405 on upside.

Hindustan Unilever Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for Hindustan Unilever for the week  (June 18, 2018 – June 22, 2018) : 

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on positive note gaining around 1.60%.

As we have mentioned last week, that resistance for the stock lies in the zone of 1620 to 1625 where the stock has formed a top in the month of May-2018. If the stock manages to close above these levels then the stock can move to the levels of 1640 to 1650. During the week the stock manages to hit a high of 1645 and close the week around the levels of 1621.

Minor support for the stock lies in the zone of 1590 to 1600. Support for the stock lies in the zone of 1540 to 1550 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1510 to 1520 from where the stock broke out of April-2018 highs.

Resistance for the stock lies in the zone of 1640 to 1650. If the stock manages to close above these levels then the stock can move to the levels of 1670 to 1680.

Broad range for the stock in coming week is seen between 1570 to 1580 on downside & 1660 to 1670 on upside.

ITC Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for ITC for the week  (June 18, 2018 – June 22, 2018) : 

ITC:

 

ITC

 

ITC closed the week on negative note losing around 1.30%.

As we have mentioned last week, that minor resistance for the stock lies in the zone of 272 to 274. Resistance for the stock lies in the zone of 277 to 280 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 290 to 295 where the stock has formed a top in the month of February-2018 and Fibonacci levels are lying. During the week the stock manages to hit a high of 275 and close the week around the levels of 265.

Support for the stock lies in the zone of 258 to 262 from where the stock broke out in the month of April-2018. If the stock manages to close below these levels then the stock can drift to the levels of 250 to 252 where low for the month of March-2018 and Fibonacci levels are lying.

Resistance for the stock lies in the zone of 268 to 272 where long term moving averages and Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 277 to 280 from where the stock broke down after consolidation.

Broad range for the stock in coming week is seen between 250 to 255 on downside & 275 to 280 on upside.

Cipla Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for Cipla for the week  (June 18, 2018 – June 22, 2018) : 

CIPLA:

 

CIPLA

 

CIPLA closed the week on positive note gaining around 9.30%.

As we have mentioned last week, that resistance for the stock lies in the zone of 565 to 570 where Fibonacci levels and short & medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 585 to 590 where long term moving averages are lying. During the week the stock manages to hit a high of 615 and close the week around the levels of 612.

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

Resistance for the stock lies in the zone of 625 to 635 where the stock has formed a high in the month of February-2018 and May-2018. If the stock manages to close above these levels then the stock can move to the levels of 655 to 665 where the stock has formed a high in the month of November-2017.

Broad range for the stock is seen in the range of 570 – 580 on downside & 655 – 665 on upside.

Dr. Reddy Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for Dr. Reddy for the week (June 18, 2018 – June 22, 2018) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 13.90%.

As we have mentioned last week, that minor resistance for the stock lies in the zone of 2080 to 2100. Resistance for the stock lies in the zone of 2180 to 2200 where high for the month of April-2018 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 2300 to 2350 where Fibonacci levels are lying. During the week the stock manages to hit a high of 2386 and close the week around the levels of 2350.

Support for the stock lies in the zone of 2180 to 2200 where high for the month of April-2018 and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2050 to 2100 where short and medium term moving averages are lying.

Resistance for the stock lies in the zone of 2350 to 2400 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 2550 to 2600 where the stock has formed a high in the month of January-2018.

Broad range for the stock is seen from 2150 – 2200 on downside & 2550 – 2600 on upside.

Lupin Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for Lupin for the week  (June 18, 2018 – June 22, 2018) : 

LUPIN:

 

LUPIN

 

Lupin closed the week on positive note gaining around 12.70%.

As we have mentioned last week, that resistance for the stock lies in the zone of 810 to 820 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 840 to 850 where the stock has formed a high in the month of April-2018 and long term moving averages are lying. During the week the stock manages to hit a high of 925 and close the week around the levels of 913.

Support for the stock lies in the zone of 870 to 880 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 840 to 850 from where the stock broke out of April-2018 high and long term moving averages are lying.

Resistance for the stock lies in the zone of 940 to 950 from where the stock has broken down in the month of January-2018. If the stock manages to close above these levels then the stock can move to the levels of 970 to 980 where the stock has formed a high in the month of January-2018.

Broad range for the stock in coming week can be seen from 840 – 850 on lower side & 970 – 980 on upper side.

Sun Pharma Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for Sun Pharma for the week  (June 18, 2018 – June 22, 2018) : 

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on positive note gaining around 8.10%.

As we have mentioned last week, that resistance for the stock lies in the zone of 530 to 540 where high for the month of May-2018 is lying. If the stock manages to close above these levels then the stock can move to the levels of 560 to 565 where high for the month of March-2018 is lying. During the week the stock manages to hit a high of 574 and close the week around the levels of 571.

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

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

Broad range for the stock in the coming week can be 530 – 540 on lower side & 600 – 610 on upper side.

Wipro Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for Wipro for the week  (June 18, 2018 – June 22, 2018) : 

WIPRO:

 

WIPRO

 

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

As we have mentioned last week, that resistance for the stock lies in the zone of 268 to 270 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 285 to 290 where Fibonacci levels and short & long term moving averages are lying. During the week the stock manages to hit a high of 270 and close the week around the levels of 267.

Minor support for the stock lies in the zone of 260 to 262. Support for the stock lies in the zone of 250 to 255 where the stock has taken multiple support in the month of June-2017. If the stock manages to close below these levels then the stock can drift to the levels of 240 to 245.

Resistance for the stock lies in the zone of 268 to 270 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 285 to 290 where Fibonacci levels and short & long term moving averages are lying.

Broad range for the stock in the coming week is seen between 250 to 255 on downside & 275 to 280 on upside.

HCL Tech Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for HCL Tech for the week (June 18, 2018 – June 22, 2018) : 

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on positive note gaining around 1.90%.

As we have mentioned last week, that minor support for the stock lies in the zone of 900 to 910. Support for the stock lies in the zone of 870 to 880 from where the stock broke out in the month of December-2017. If the stock manages to close below these levels then the stock can drift to the levels of 820 to 830 where the stock has taken support in the month of October-2017 and December-2017. During the week the stock manages to hit a low of 908 and close the week around the levels of 948.

Minor support for the stock lies in the zone of 910 to 920. Support for the stock lies in the zone of 870 to 880 from where the stock broke out in the month of December-2017. If the stock manages to close below these levels then the stock can drift to the levels of 820 to 830 where the stock has taken support in the month of October-2017 and December-2017.

Resistance for the stock lies in the zone of 950 to 960 from where the stock broke down from April-2018 low 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 985 to 995 where break down levels are lying.

Broad range for the stock in the coming week is seen between 900 to 910 on downside & 970 to 980 on upside.

TCS Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for TCS for the week  (June 18, 2018 – June 22, 2018) : 

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on positive note gaining around 5.30%.

As we have mentioned last week, that resistance for the stock lies in the zone of 1760 to 1770 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 1810 to 1830 where the stock has formed a high in the month of May-2018. During the week the stock manages to hit a high of 1847 and close the week around the levels of 1840.

Support for the stock lies in the zone of 1780 to 1800 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 1720 to 1730 where the stock has taken multiple support and short term moving averages are lying.

Resistance for the stock lies in the zone of 1830 to 1840 where the stock has formed a high in the month of May-2018. If the stock manages to close above these levels then the stock can move to the levels of 1880 to 1900.

Broad range for the stock in the coming week is seen between 1770 to 1780 on downside & 1880 to 1900 on upside.

Infosys Outlook for the Week (June 18, 2018 – June 22, 2018)

EquiyPandit’s Outlook for Infosys for the week  (June 18, 2018 – June 22, 2018) : 

INFOSYS:

 

INFY

 

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

As we have mentioned last week, that minor support for the stock lies around 1240 to 1250. Support for the stock lies in the zone of 1200 to 1210 from where the stock broke out of March-2018 and April-2018 high. If the stock manages to close below these levels the stock can drift to the levels of 1160 to 1170 where short and medium term moving averages are lying. During the week the stock manages to hit a low of 1234 and close the week around the levels of 1281.

Minor support for the stock lies around 1250 to 1260. Support for the stock lies in the zone of 1200 to 1210 from where the stock broke out of March-2018 and April-2018 high. If the stock manages to close below these levels the stock can drift to the levels of 1160 to 1170 where short and medium term moving averages are lying.

Resistance for the stock lies in the zone of 1300 to 1310. If the stock manages to close above these levels then the stock can move to the levels of around 1340 to 1350.

Broad range for the stock in the coming week is seen between 1240 to 1250 on downside & 1320 to 1340 on upside.

SBI Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for SBI for the week  (June 18, 2018 – June 22, 2018) : 

STATE BANK OF INDIA:

 

SBIN

 

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

As we have mentioned last week, that resistance for the stock lies in the zone of 270 to 275 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 285 to 290 where long term moving averages and Fibonacci levels are lying. During the week the stock manages to hit a high of 290 and close the week around the levels of 277.

Minor support for the stock lies around 267 to 270. Support for the stock lies in the zone of 260 to 263 where medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 250 to 255 where Fibonacci levels are lying.

Resistance for the stock lies in the zone of 275 to 280 where long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 285 to 290 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be 260 to 265 on lower side & 285 to 290 on upper side.

Axis Bank Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for Axis Bank for the week  (June 18, 2018 – June 22, 2018) : 

AXIS BANK:

 

AXISBANK

 

Axis Bank closed the week on negative note losing around 1.60%.

As we have mentioned last week, that resistance for the stock lies in the zone of 540 to 545 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 555 to 560 where Fibonacci levels are lying. During the week the stock manages to hit a high of 552 and close the week around the levels of 529.

Support for the stock lies in the zone of 520 to 525 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 505 where trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 540 to 545 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 555 to 560 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be 505– 510 on lower side & 555 – 560 on upper side.

ICICI Bank Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for ICICI Bank for the week  (June 18, 2018 – June 22, 2018) : 

ICICI BANK:

 

ICICIBANK

 

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

As we have mentioned last week, that minor resistance for the stock lies in the zone of 293 to 295. Resistance for the stock lies in the zone of 300 to 303 where break down levels and long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 315 to 320 where Fibonacci levels are lying. During the week the stock manages to hit a high of 293 and close the week around the levels of 283.

Support for the stock lies in the zone of 275 to 280 where the stock has taken multiple support in the month of April-2018. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 265 where Fibonacci levels are lying.

Minor resistance for the stock lies in the zone of 290 to 293. Resistance for the stock lies in the zone of 300 to 303 where break down levels and long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 315 to 320 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be 265 – 270 on lower side & 300 – 305 on upper side.

HDFC Bank Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for HDFC Bank for the week   (June 18, 2018 – June 22, 2018) : 

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on negative note losing around 0.90%.

As we have mentioned last week, that support for the stock lies in the zone of 2000 to 2020 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of around 1940 to 1950 where Fibonacci levels and medium term moving averages are lying. During the week the stock manages to hit a low of 2022 and close the week around the levels of 2030.

Support for the stock lies in the zone of 2000 to 2020 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of around 1940 to 1950 where Fibonacci levels and medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 2050 to 2060. Resistance for the stock lies in the zone of 2080 to 2100 from where the stock has broken down. If the stock manages to close above these levels then the stock can move to the levels of 2140 to 2160 where the stock has formed a high in the month of May-2018.

Broad range for the stock in the coming week can be 1950 to 1970 on lower side & 2080 to 2100 on upper side.

Nifty Media Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for NIFTY MEDIA for the week   (June 18, 2018 – June 22, 2018) : 

NIFTY MEDIA:

 

NIFTYMEDIA

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 3250 to 3300 where Fibonacci levels and short; medium & long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3350 to 3400 where the index has formed a high in the month of May-2018. During the week the index manages to hit a high of 3248 and close the week around the levels of 3179.

Support for the index lies in the zone of 3130 to 3150 Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3000 to 3050 where break out levels are lying.

Resistance for the index lies in the zone of 3250 to 3300 where Fibonacci levels and short; medium & long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3350 to 3400 where the index has formed a high in the month of May-2018.

Broad range for the index is seen between 3000 to 3050 on downside & 3350 to 3400 on upside.

Nifty Realty Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for NIFTY REALTY for the week  (June 18, 2018 – June 22, 2018) : 

NIFTY REALTY:

 

NIFTYREALT

 

Nifty REALTY index closed the week on negative note losing around 1.50%.

As we have mentioned last week, that support for the index lies in the zone of 290 to 292 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 270 to 275 where trend-line support for the index is lying. During the week the index manages to hit a low of 287 and close the week around the levels of 288.

Support for the index lies in the zone of 270 to 275 where trend-line support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 250 to 255.

Resistance for the index lies in the zone of 290 to 292 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 302 to 308 where short & medium term moving averages are lying.

Broad range for the index is seen between 260 to 265 on downside & 300 to 305 on upside.

Nifty PSU Bank Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (June 18, 2018 – June 22, 2018) :  

NIFTY PSU BANK

 

NIFTYPSUBA

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 3050 to 3100 where the index has formed a high in the month of April-2018 & May-2018. If the index manages to close above these levels then the index can move to the levels of 3150 to 3200 where Fibonacci levels and long term moving averages are lying. During the week the index manages to hit a high of 3169 and close the week around the levels of 3033.

Support for the index lies in the zone of 2850 to 2900 where break out levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 2650 to 2700 where the index has taken support in the month of March-2018 and April-2018.

Resistance for the index lies in the zone of 3050 to 3100 where the index has formed a high in the month of April-2018 & May-2018. If the index manages to close above these levels then the index can move to the levels of 3150 to 3200 where Fibonacci levels are lying.

Broad range for the index is seen between 2900 to 2950 on downside & 3150 to 3200 on upside.

Nifty Metal Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for NIFTY METAL for the week (June 18, 2018 – June 22, 2018) :  

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on negative note losing around 3.20%.

As we have mentioned last week, that support for the index lies in the zone of 3580 to 3610 where break out levels and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3420 to 3470 where the index has taken support in the month of March-2018 and May-2018. During the week the index manages to hit a low of 3523 and close the week around the levels of 3542.

Support for the index lies in the zone of 3420 to 3470 where the index has taken support in the month of March-2018 and May-2018. If the index manages to close below these levels then the index can drift to the levels of 3200 to 3250 from where the index has broken out in the month of March-2017.

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 3730 to 3750 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen between 3400 to 3430 on downside & 3700 to 3750 on upside.

Nifty Energy Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (June 18, 2018 – June 22, 2018) :  

NIFTY ENERGY:

 

NIFTYENERG

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 13900 to 14000 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 14100 to 14200 where the index has formed a double top pattern. During the week the index manages to hit a high of 14033 and close the week around the levels of 13939.

Minor support for the index lies in the zone of 13750 to 13800. Support for the index lies in the zone of 13500 to 13600 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 13000 to 13100 where the index has taken support in the month of March-2018.

Resistance for the index lies in the zone of 13900 to 14000 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 14100 to 14200 where the index has formed a double top pattern.

Broad range for the index is seen between 13400 to 13500 on downside & 14200 to 14300 on upside.

Nifty Auto Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for NIFTY Auto for the week  (June 18, 2018 – June 22, 2018) :  

NIFTY AUTO:

 

NIFTYAUTO

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 11300 to 11350 where Fibonacci levels and medium & long term moving averages are lying. If the index manages to close below these levels then the index can move to the levels of 11450 to 11550 from where the index has broken down and Fibonacci levels are lying. During the week the index manages to hit a high of 11311 and close the week around the levels of 11173.

Minor support for the index lies around 11000 to 11100. Support for the index lies in the zone of 10700 to 10800 where the index has formed a bottom in the month of May-2018. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10600 where the index has taken support in the month of September-2017 and March-2018.

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

Broad range for the index is seen from 10700 to 10800 on downside & 11500 to 11600 on upside.

Nifty Pharma Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for NIFTY Pharma for the week  (June 18, 2018 – June 22, 2018) :  

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA 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 8650 to 8700 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 8800 to 8850. During the week the index manages to hit a high of 9352 and close the week around the levels of 9316.

Support for the index lies in the zone of 9100 to 9150 where Fibonacci levels 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 8850 to 8900 where break out levels are lying.

Resistance for the index lies in the zone of 9400 to 9450 where high for the month of February-2018 is lying. If the index manages to close above these levels then the index can move to the levels of 9550 to 9600 from where the index has broken down in the month of January-2018.

Broad range for the index is seen from 9100 to 9150 on downside & 9550 to 9600 on upside.

Nifty FMCG Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for NIFTY FMCG for the week (June 18, 2018 – June 22, 2018) :  

NIFTY FMCG:

 

NIFTYFMCG

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 28900 to 29000 where the index has formed a high in the month of July-2017. If the index manages to close above these levels then the index can move to the levels of 29500 to 29600. During the week the index manages to hit a high of 29161 and close the week around the levels of 28775.

Support for the index lies in the zone of 28400 to 28500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 27900 to 28000 from where the index broke out of January-2018 high.

Resistance for the index lies in the zone of 28900 to 29000 where the index has formed a high in the month of July-2017. If the index manages to close above these levels then the index can move to the levels of 29500 to 29600.

Broad range for the index in the coming week is seen from 27900 to 28000 on downside & 29200 to 29300 on upside.

Nifty IT Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (June 18, 2018 – June 22, 2018) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 13900 to 14000 where the index has formed a top in the month of May-2018. If the index manages to close above these levels then the index can move to the levels of 14200 to 14300 where the index has formed a top in the month of April-2018. During the week the index manages to hit a high of 14152 and close the week around the levels of 14121.

Minor support for the index lies around 13900 to 14000. Support for the index lies in the zone of 13400 to 13500 from where the index broke out of January-2018 high. If the index manages to close below these levels then the index can drift to the levels of 12900 to 13000 from where the index broke out of March-2018 high and short term moving averages are lying.

Resistance for the index lies in the zone of 14200 to 14300 where the index has formed a top in the month of April-2018. If the index manages to close above these levels then the index can move to the levels of 14500 to 14600.

Broad range for the index in the coming week is seen from 13600 to 13700 on downside & 14500 to 14600 on upside.

Nifty Bank Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (June 18, 2018 – June 22, 2018):

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on absolutely flat note.

As we have mentioned, last week that minor resistance lies around the zone of 26500 to 26600. Resistance for the index lies in the zone of 26900 to 27000 where the index has formed a double top in the month of May-2018. If the index manages to close above these levels then the index can move to the levels of 27500 to 27600 where the index has formed a top in the month of January-2018. During the week the index manages to hit a high of 26765 and close the week around the levels of 26417.

Support for the index lies in the zone 25900 to 26000 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 25500 to 25600 where Fibonacci levels and medium term moving averages are lying.

Minor resistance lies around the zone of 26550 to 26600. Resistance for the index lies in the zone of 26900 to 27000 where the index has formed a double top in the month of May-2018. If the index manages to close above these levels then the index can move to the levels of 27500 to 27600 where the index has formed a top in the month of January-2018.

Range for the week is seen from 25800 to 25900 on downside & 27000 to 27100 on upside.

Nifty Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for Nifty for the week  (June 18, 2018 – June 22, 2018):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 10900 to 11000 where the index has formed a high in the month of May-2018. If the index manages to close above these levels then the index can move to the levels of 11100 to 11200 where the index has formed a top in the month of January-2018. During the week the index manages to hit a high of 10893 and close the week around the levels of 10818.

Minor support for the index lies in the zone of 10700 to 10750. Support for the index lies in the zone of 10500 to 10550 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where long term moving averages and Fibonacci levels are lying.

Resistance for the index lies in the zone of 10900 to 11000 where the index has formed a high in the month of May-2018. If the index manages to close above these levels then the index can move to the levels of 11100 to 11200 where the index has formed a top in the month of January-2018.

Broad range for the week is seen from 10500 on downside & 11000 on upside.

MCX Tips for – June 15, 2018

Gold (31377): Gold is trading into positive zone and traders can go long at every dip or hold long positions until Gold closes below 31101  levels.

Silver (41508):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 40769  levels.

Crude (4517): Crude is trading into positive zone and traders can go long at every dip or hold long positions until Crude closes below 4426  levels.

Natural Gas (201.00): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 195.60 levels.

Copper (481.55): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes below 480.40.

Zinc (217.10): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 214.10  levels.

Lead (166.45): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 169.30 levels.

Nickel (1032.20):  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 1027.70 levels.

Aluminium (154.00): Aluminium has entered into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 157.05 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 – June 14, 2018

Gold (31143): Gold is trading into positive zone and traders can go long at every dip or hold long positions until Gold closes below 30937  levels.

Silver (40766):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 40307  levels.

Crude (4506): Crude has entered into positive zone and traders can go long at every dip or hold long positions until Crude closes below 4392  levels.

Natural Gas (200.00): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 195.40 levels.

Copper (485.05): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes below 480.40.

Zinc (218.60): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 214.10  levels.

Lead (167.65): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 170.00 levels.

Nickel (1054.20):  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 1027.70 levels.

Aluminium (154.85): Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 154.60 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

MCX Tips for – June 13, 2018

Gold (31156): Gold is trading into positive zone and traders can go long at every dip or hold long positions until Gold closes below 30927  levels.

Silver (40691):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 40185  levels.

Crude (4478): Crude is trading into negative zone and traders can go short at every rise or hold short positions until Crude closes above 4484  levels.

Natural Gas (198.50): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 195.20 levels.

Copper (484.60): 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 480.40.

Zinc (217.45): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 213.80  levels.

Lead (166.55): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 170.00 levels.

Nickel (1029.00):  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 1027.70 levels.

Aluminium (156.35): Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 154.60 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

MCX Tips for – June 12, 2018

Gold (31216): Gold is trading into positive zone and traders can go long at every dip or hold long positions until Gold closes below 30927  levels.

Silver (40791):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 40161  levels.

Crude (4472): Crude is trading into negative zone and traders can go short at every rise or hold short positions until Crude closes above 4484  levels.

Natural Gas (198.70): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 194.30 levels.

Copper (485.00): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes below 480.40.

Zinc (218.00): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 212.60  levels.

Lead (167.30): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 170.05 levels.

Nickel (1028.60):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 1027.70 levels.

Aluminium (156.80): Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 154.60 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

MCX Tips for – June 11, 2018

Gold (31215): Gold is trading into positive zone and traders can go long at every dip or hold long positions until Gold closes below 30927  levels.

Silver (40412):  Silver is trading into positive zone and traders can go long at every dip or hold long positions until Silver closes below 39996  levels.

Crude (4445): Crude is trading into negative zone and traders can go short at every rise or hold short positions until Crude closes above 4484  levels.

Natural Gas (195.80): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 193.20 levels.

Copper (491.25): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes below 480.40.

Zinc (217.40): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 211.40  levels.

Lead (166.65): Lead has entered into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 170.45 levels.

Nickel (1043.10):  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 1027.70 levels.

Aluminium (156.90): Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 154.60 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 (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for Natural Gas for the week   (June 11, 2018 – June 15, 2018) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS closed the week on negative note losing around 1.30%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 200 to 203 from where the commodity has sold off in the month of January-2018. If the commodity manages to close above these levels then the commodity can move to the levels of 210 to 215 where the gap is formed. During the week the commodity manages to hit a high of 201 and close the week around the levels of 196.

Support for the commodity lies in the zone of 187 to 190 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 180 to 183 where Fibonacci levels and break out levels are lying.

Resistance for the commodity lies in the zone of 200 to 203 from where the commodity has sold off in the month of January-2018. If the commodity manages to close above these levels then the commodity can move to the levels of 210 to 215 where the gap is formed.

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

Crude Oil Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (June 11, 2018 – June 15, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on positive note gaining around 0.40%.

As we have mentioned last week, that support for the commodity lies in the zone of 4250 to 4300 where break out 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 4000 to 4050 where Fibonacci levels and long term moving averages are lying. During the week the commodity manages to hit a low of 4305 and close the week around the levels of 4448.

Support for the commodity lies in the zone of 4250 to 4300 where break out 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 4000 to 4050 where Fibonacci levels and long term moving averages are lying.

Resistance for the commodity lies in the zone of 4550 to 4600 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4650 to 4700 from where the commodity has broken down.

Broad range for the commodity in the coming week can be seen between 4250 – 4300 on downside & 4550 – 4600 on upside.

Aluminium Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for Aluminium for the week  (June 11, 2018 – June 15, 2018) :

ALUMINIUM:

 

ALUMINIUM 1

 

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

As we have mentioned last week, that resistance for the commodity lies in the zone of 158 to 161 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 175 to 180 where the commodity has formed a top in the month of April-2018. During the week the commodity manages to hit a high of 159 and close the week around the levels of 157.

Minor support for the commodity lies in the zone of 153 to 155. Support for the commodity lies in the zone of around 144 to 146 from where the commodity broke out of December-2017 and January-2018 highs. If the commodity manages to close below these levels then the commodity can drift to the levels of 130 to 135 where Fibonacci levels and long term moving averages are lying.

Resistance for the commodity lies in the zone of 160 to 162 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 175 to 180 where the commodity has formed a top in the month of April-2018.

Broad range for the commodity in the coming week can be seen between 145 – 150 on downside and 165 – 170 on upside.

Nickel Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for Nickel for the week  (June 11, 2018 – June 15, 2018) :

NICKEL:

 

NICKEL 1

 

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

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 1000 to 1010. Resistance for the commodity lies in the zone of 1050 to 1060 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 1090 to 1100 where the commodity has formed a top in the month of April-2018. During the week the commodity manages to hit a high of 1060 and close the week around the levels of 1044.

Minor support for the commodity lies in the zone of 1010 to 1020. Support for the commodity lies in the zone of 990 to 1000 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 970 to 980 where Fibonacci levels and short term moving averages are lying.

Resistance for the commodity lies in the zone of 1050 to 1060 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 1090 to 1100 where the commodity has formed a top in the month of April-2018.

Broad range for the commodity in the coming week can be seen between 1000 – 1010 on downside & 1070 – 1080 on upside.

Lead Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for Lead for the week  (June 11, 2018 – June 15, 2018) :

LEAD:

 

LEAD 1

 

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

As we have mentioned last week, that resistance for the commodity lies in the zone of 165 to 168 from where the commodity has broken down and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 170 to 172 where the commodity has formed a top in the month of February-2018 & May-2018. During the week the commodity manages to hit a high of 172 and close the week around the levels of 167.

Support for the commodity lies in the zone of 158 to 161 where 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 150 to 153 where low for the month of April-2018 & May-2018 and Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 165 to 168 from where the commodity has broken down and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 170 to 172 where the commodity has formed a top in the month of February-2018 & May-2018.

Broad range for the commodity in the coming week can be seen between 155 – 157 on downside & 175 – 177 on upside.

Zinc Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for Zinc for the week  (June 11, 2018 – June 15, 2018) :

ZINC:

 

ZINC 1

 

ZINC closed the week on a positive note gaining around 4.70%.

As we have mentioned last week, that support for the commodity lies in the zone of 200 to 205 where the commodity has taken multiple support in the month of October-2017 and December-2017. If the commodity manages to close below these levels then the commodity can drift to the levels of around 188 to 190 where Fibonacci levels and lows for the month of September-2017 is lying. During the week the commodity manages to hit a low of 206 and close the week around the levels of 217.

Support for the commodity lies in the zone of 212 to 215 where short & long term moving averages and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 200 to 205 where the commodity has taken multiple support in the month of October-2017 and December-2017.

Resistance for the commodity lies in the zone of 218 to 220 where high for month of April-2018 and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 228 to 230 where the commodity has formed a top in the month of January-2018.

Broad range for the commodity in the coming week can be seen between 200 – 205 on downside & 225 – 230 on upside.

Copper Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for Copper for the week   (June 11, 2018 – June 15, 2018) :

COPPER:

 

COPPER 1

 

COPPER closed the week on positive note gaining around 7.10%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 463 to 466 from where the commodity has retraced multiple times and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 470 to 475 where the commodity has formed a high in the month of December-2017. During the week the commodity manages to hit a high of 493 and close the week around the levels of 491.

Support for the commodity lies in the zone of 480 to 485 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 470 to 475 from where the commodity broke out of double top pattern.

Resistance for the commodity lies in the zone of 495 to 500 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 510 to 515 where life time high for the commodity is lying.

Broad range for the commodity in the coming week can be seen between 470 – 475 on downside & 510 – 515 on upside.

Silver Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for Silver for the week  (June 11, 2018 – June 15, 2018) :

SILVER:

 

SILVER 1

 

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

As we have mentioned last week, that support for the commodity lies in the zone of 39400 to 39500 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels of 39000 to 39100 where short, medium & long term moving averages and Fibonacci levels are lying. During the week the commodity manages to hit a low of 39461 and close the week around the levels of 40412.

Minor support for the commodity lies in the zone of 40000 to 40100. Support for the commodity lies in the zone of 39400 to 39500 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels of 39000 to 39100 where short, medium & long term moving averages and Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 40600 to 40800 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 41000 to 41200.

Broad range for the commodity in the coming week can be seen between 39500 – 39700 on downside & 41500 – 41700 on upside.

Gold Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for Gold for the week  (June 11, 2018 – June 15, 2018) :

GOLD:

 

GOLD 1

 

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

As we have mentioned last week, that support for the commodity lies in the zone of 30400 to 30500 from where the commodity broke out of September-2017 high. If the commodity manages to close below these levels then the commodity can drift to the levels of 29900 to 30000 where the commodity has taken multiple support in the month of Februay-2018 & March-2018 and medium term moving averages are lying. During the week the commodity manages to hit a low of 30540 and close the week around the levels of 31215.

Minor support for the commodity lies in the zone of 30800 to 30900. Support for the commodity lies in the zone of 30400 to 30500 from where the commodity broke out of September-2017 high. If the commodity manages to close below these levels then the commodity can drift to the levels of 29900 to 30000 where the commodity has taken multiple support in the month of Februay-2018 & March-2018 and medium term moving averages are lying.

Resistance for the commodity lies in the zone of 31500 to 31600 where Fibonacci levels and trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31900 to 32000 from where the commodity sold off in the month of August-2016.

Broad range for the commodity in the coming week can be seen between 30500 – 30600 on downside & 31600 – 31700 on upside.

Colgate Palmolive Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for Colgate Palmolive for the week (June 11, 2018 – June 15, 2018) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on negative note losing around 1.40%.

As we have mentioned last week, that minor support for the stock lies in the zone of 1230 to 1240. Support for the stock lies in the zone of 1180 to 1190 from where the stock broke out of September-2017 and January-2018 highs. If the stock manages to close below these levels then the stock can drift to the levels of 1140 to 1150 from where the stock broke out. During the week the stock manages to hit a low of 1221 and close the week around the levels of 1230.

Minor support for the stock lies in the zone of 1210 to 1220. Support for the stock lies in the zone of 1180 to 1190 from where the stock broke out of September-2017 and January-2018 highs. If the stock manages to close below these levels then the stock can drift to the levels of 1140 to 1150 from where the stock broke out.

Minor resistance for the stock lies in the zone of 1250 to 1260. Resistance for the stock lies around 1270 to 1280 where the stock has formed a high in the month of May-2018. If the stock manages to close above these levels then the stock can move to the levels of 1300 to 1310.

Broad range for the stock is seen between 1180 to 1190 on downside & 1270 to 1280 on upside.

Dabur Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for DABUR for the week  (June 11, 2018 – June 15, 2018) :

DABUR:

 

DABUR

 

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

As we have mentioned last week, that minor support for the stock lies in the zone of 375 to 380. Support for the stock lies in the zone of 355 to 360 where break out levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 343 to 348 where Fibonacci levels and medium term moving averages are lying. During the week the stock manages to hit a low of 375 and close the week around the levels of 382.

Minor support for the stock lies in the zone of 375 to 380. Support for the stock lies in the zone of 355 to 360 where break out levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 343 to 348 where Fibonacci levels and medium term moving averages are lying.

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

Broad range for the stock in the coming week can be seen between 365 to 370 on downside & 400 to 405 on upside.

Hindustan Unilever Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for Hindustan Unilever for the week  (June 11, 2018 – June 15, 2018) : 

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on positive note gaining around 0.40%.

As we have mentioned last week, that minor support for the stock lies in the zone of 1550 to 1560. Support for the stock lies in the zone of 1510 to 1520 from where the stock broke out of April-2018 highs. If the stock manages to close below these levels then the stock can drift to the levels of 1400 to 1410 from where the stock broke out of January-2018 high. During the week the stock manages to hit a low of 1547 and close the week around the levels of 1596.

Minor support for the stock lies in the zone of 1550 to 1560. Support for the stock lies in the zone of 1510 to 1520 from where the stock broke out of April-2018 highs. If the stock manages to close below these levels then the stock can drift to the levels of 1400 to 1410 from where the stock broke out of January-2018 high.

Resistance for the stock lies in the zone of 1620 to 1625 where the stock has formed a top in the month of May-2018. If the stock manages to close above these levels then the stock can move to the levels of 1640 to 1650.

Broad range for the stock in coming week is seen between 1540 to 1550 on downside & 1630 to 1640 on upside.

ITC Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for ITC for the week  (June 11, 2018 – June 15, 2018) : 

ITC:

 

ITC

 

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

As we have mentioned last week, that support for the stock lies in the zone of 266 to 268 where break out 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 258 to 262 from where the stock broke out in the month of April-2018. During the week the stock manages to hit a low of 267 and close the week around the levels of 268.

Support for the stock lies in the zone of 266 to 268 where break out 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 258 to 262 from where the stock broke out in the month of April-2018.

Minor resistance for the stock lies in the zone of 272 to 274. Resistance for the stock lies in the zone of 277 to 280 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 290 to 295 where the stock has formed a top in the month of February-2018 and Fibonacci levels are lying.

Broad range for the stock in coming week is seen between 255 to 260 on downside & 280 to 285 on upside.

Lupin Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for Lupin for the week  (June 11, 2018 – June 15, 2018) : 

LUPIN:

 

LUPIN

 

Lupin closed the week on positive note gaining around 6.00%.

As we have mentioned last week, that support for the stock lies in the zone of 740 to 745 where the stock has formed a bottom in the month of April-2018. If the stock manages to close below these levels then the stock can drift to the levels of 720 to 730 where the stock has formed a bottom in the month of March-2018 & May-2018. During the week the stock manages to hit a low of 745 and close the week around the levels of 810.

Support for the stock lies in the zone of 770 to 780 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 740 to 745 where the stock has formed a bottom in the month of April-2018.

Resistance for the stock lies in the zone of 810 to 820 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 840 to 850 where the stock has formed a high in the month of April-2018 and long term moving averages are lying.

Broad range for the stock in coming week can be seen from 750 – 760 on lower side & 840 – 850 on upper side.

Cipla Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for Cipla for the week  (June 11, 2018 – June 15, 2018) : 

CIPLA:

 

CIPLA

 

CIPLA closed the week on positive note gaining around 6.70%.

As we have mentioned last week, that minor resistance for the stock lies in the zone of 535 to 540. Resistance for the stock lies in the zone of 550 to 555 from where the stock broke down from April-2018 lows and Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 565 to 570 where Fibonacci levels and short term moving averages are lying. During the week the stock manages to hit a high of 562 and close the week around the levels of 560.

Minor support for the stock lies in the zone of 545 to 550. Support for the stock lies in the zone of 520 to 525 where Fibonacci levels and lows for the month of March-2018 and May-2018 is lying. If the stock manages to close below these levels then the stock can move to the levels of 500 to 505.

Resistance for the stock lies in the zone of 565 to 570 where Fibonacci levels and short & medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 585 to 590 where long term moving averages are lying.

Broad range for the stock is seen in the range of 520 – 525 on downside & 585 – 590 on upside.

Dr. Reddy Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for Dr. Reddy for the week (June 11, 2018 – June 15, 2018) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 6.30%.

As we have mentioned last week, that minor resistance for the stock lies in the zone of 1960 to 1980. Resistance for the stock lies in the zone of 2030 to 2060 from where the stock has broken down from March-2018 and April-2018 low. If the stock manages to close above these levels then the stock can move to the levels of 2100 to 2130. During the week the stock manages to hit a high of 2073 and close the week around the levels of 2063.

Minor support for the stock lies in the zone of 2000 to 2030. Support for the stock lies in the zone of 1880 to 1910 where Fibonacci levels and bottom for the month of August-2017 & May-2018 is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1800 to 1830.

Minor resistance for the stock lies in the zone of 2080 to 2100. Resistance for the stock lies in the zone of 2180 to 2200 where high for the month of April-2018 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 2300 to 2350 where Fibonacci levels are lying.

Broad range for the stock is seen from 1900 – 1950 on downside & 2150 – 2200 on upside.

Sun Pharma Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for Sun Pharma for the week  (June 11, 2018 – June 15, 2018) : 

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on positive note gaining around 9.10%.

As we have mentioned last week, that minor support for the stock lies in the zone of 472 to 475. Support for the stock lies in the zone of 460 to 465 where the stock has taken support in the month of September-2017. If the stock manages to close below these levels then the stock can drift to the levels of 430 to 435 where the stock has formed a bottom in the month of August-2017. During the week the stock manages to hit a low of 470 and close the week around the levels of 528.

Support for the stock lies in the zone of 515 to 520 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 490 to 495 where break out levels and short term moving averages are lying.

Resistance for the stock lies in the zone of 530 to 540 where high for the month of May-2018 is lying. If the stock manages to close above these levels then the stock can move to the levels of 560 to 565 where high for the month of March-2018 is lying.

Broad range for the stock in the coming week can be 490 – 495 on lower side & 565 – 570 on upper side.

Wipro Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for Wipro for the week  (June 11, 2018 – June 15, 2018) : 

WIPRO:

 

WIPRO

 

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

As we have mentioned last week, that support for the stock lies in the zone of 250 to 255 where the stock has taken multiple support in the month of June-2017. If the stock manages to close below these levels then the stock can drift to the levels of 240 to 245. During the week the stock manages to hit a low of 254 and close the week around the levels of 264.

Minor support for the stock lies in the zone of 258 to 260. Support for the stock lies in the zone of 250 to 255 where the stock has taken multiple support in the month of June-2017. If the stock manages to close below these levels then the stock can drift to the levels of 240 to 245.

Resistance for the stock lies in the zone of 268 to 270 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 285 to 290 where Fibonacci levels and short & long term moving averages are lying.

Broad range for the stock in the coming week is seen between 245 to 250 on downside & 275 to 280 on upside.

HCL Tech Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for HCL Tech for the week (June 11, 2018 – June 15, 2018) : 

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on positive note gaining around 2.70%.

As we have mentioned last week, that support for the stock lies in the zone of 870 to 880 from where the stock broke out in the month of December-2017. If the stock manages to close below these levels then the stock can drift to the levels of 820 to 830 where the stock has taken support in the month of October-2017 and December-2017. During the week the stock manages to hit a low of 880 and close the week around the levels of 929.

Minor support for the stock lies in the zone of 900 to 910. Support for the stock lies in the zone of 870 to 880 from where the stock broke out in the month of December-2017. If the stock manages to close below these levels then the stock can drift to the levels of 820 to 830 where the stock has taken support in the month of October-2017 and December-2017.

Resistance for the stock lies in the zone of 950 to 960 from where the stock broke down from April-2018 low 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 985 to 995 where break down levels are lying.

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

TCS Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for TCS for the week  (June 11, 2018 – June 15, 2018) : 

TATA CONSULTANCY SERVICES:

 

TCS

 

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

As we have mentioned last week, that support for the stock lies in the zone of 1700 to 1720 where the stock has taken multiple support in the month of May-2018. If the stock manages to close below these levels then the stock can drift to the levels of 1640 to 1660 where medium term moving averages are lying. During the week the stock manages to hit a low of 1711 and close the week around the levels of 1747.

Support for the stock lies in the zone of 1700 to 1720 where the stock has taken multiple support in the month of May-2018. If the stock manages to close below these levels then the stock can drift to the levels of 1640 to 1660 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 1760 to 1770 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 1810 to 1830 where the stock has formed a high in the month of May-2018.

Broad range for the stock in the coming week is seen between 1700 to 1710 on downside & 1800 to 1820 on upside.

Infosys Outlook for the Week (June 11, 2018 – June 15, 2018)

EquiyPandit’s Outlook for Infosys for the week  (June 11, 2018 – June 15, 2018) : 

INFOSYS:

 

INFY

 

INFY closed the week on positive note gaining around 3.20%.

As we have mentioned last week, that support for the stock lies in the zone of 1200 to 1210 from where the stock broke out of March-2018 and April-2018 high. If the stock manages to close below these levels the stock can drift to the levels of 1160 to 1170 where short and medium term moving averages are lying. During the week the stock manages to hit a low of 1212 and close the week around the levels of 1260.

Minor support for the stock lies around 1240 to 1250. Support for the stock lies in the zone of 1200 to 1210 from where the stock broke out of March-2018 and April-2018 high. If the stock manages to close below these levels the stock can drift to the levels of 1160 to 1170 where short and medium term moving averages are lying.

Resistance for the stock lies in the zone of 1270 to 1280 where the stock has formed a top in the month of June-2016. If the stock manages to close above these levels then the stock can move to the levels of around 1300 to 1330.

Broad range for the stock in the coming week is seen between 1200 to 1210 on downside & 1300 to 1330 on upside.

SBI Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for SBI for the week  (June 11, 2018 – June 15, 2018) : 

STATE BANK OF INDIA:

 

SBIN

 

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

As we have mentioned last week, that minor support for the stock lies around 258 to 260. Support for the stock lies in the zone of 250 to 255 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 235 to 240 where break out levels are lying. During the week the stock manages to hit a low of 261 and close the week around the levels of 273.

Minor support for the stock lies around 265 to 268. Support for the stock lies in the zone of 250 to 255 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 235 to 240 where break out levels are lying.

Resistance for the stock lies in the zone of 270 to 275 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 285 to 290 where long term moving averages and Fibonacci levels are lying.

Broad range for the stock in the coming week can be 255 to 260 on lower side & 280 to 285 on upper side.

Axis Bank Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for Axis Bank for the week  (June 11, 2018 – June 15, 2018) : 

AXIS BANK:

 

AXISBANK

 

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

As we have mentioned last week, that support for the stock lies in the zone of 520 to 525 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 505 where trend-line support for the stock is lying. During the week the stock manages to hit a low of 524 and close the week around the levels of 537.

Support for the stock lies in the zone of 520 to 525 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 505 where trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 540 to 545 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 555 to 560 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be 505– 510 on lower side & 555 – 560 on upper side.

ICICI Bank Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for ICICI Bank for the week  (June 11, 2018 – June 15, 2018) : 

ICICI BANK:

 

ICICIBANK

 

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

As we have mentioned last week, that support for the stock lies in the zone of 285 to 288 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 270 to 275 where the stock has taken multiple support in the month of April-2018. During the week the stock manages to hit a low of 281 and close the week around the levels of 288.

Support for the stock lies in the zone of 275 to 280 where the stock has taken multiple support in the month of April-2018. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 265 where Fibonacci levels are lying.

Minor resistance for the stock lies in the zone of 293 to 295. Resistance for the stock lies in the zone of 300 to 303 where break down levels and long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 315 to 320 where Fibonacci levels are lying.

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

HDFC Bank Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for HDFC Bank for the week   (June 11, 2018 – June 15, 2018) : 

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on negative note losing around 2.90%.

As we have mentioned last week, that resistance for the stock lies in the zone of 2140 to 2160 where the stock has formed a high in the month of May-2018. If the stock manages to close above these levels then the stock can move to the levels of 2200 to 2220. During the week the stock manages to hit a high of 2157 and close the week around the levels of 2049.

Support for the stock lies in the zone of 2000 to 2020 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of around 1940 to 1950 where Fibonacci levels and medium term moving averages are lying.

Minor resistance for the stock lies in the zone of 2080 to 2100. Resistance for the stock lies in the zone of 2140 to 2160 where the stock has formed a high in the month of May-2018. If the stock manages to close above these levels then the stock can move to the levels of 2200 to 2220.

Broad range for the stock in the coming week can be 1980 to 2000 on lower side & 2100 to 2120 on upper side.

Nifty Media Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for NIFTY MEDIA for the week   (June 11, 2018 – June 15, 2018) : 

NIFTY MEDIA:

 

NIFTYMEDIA

 

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

As we have mentioned last week, that minor resistance for the index lies in the zone of 3200 to 3220. Resistance for the index lies in the zone of 3250 to 3300 where Fibonacci levels and short; medium & long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3350 to 3400 where the index has formed a high in the month of May-2018. During the week the index manages to hit a high of 3201 and close the week around the levels of 3194.

Support for the index lies in the zone of 3130 to 3150 Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3000 to 3050 where break out levels are lying.

Resistance for the index lies in the zone of 3250 to 3300 where Fibonacci levels and short; medium & long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3350 to 3400 where the index has formed a high in the month of May-2018.

Broad range for the index is seen between 3000 to 3050 on downside & 3350 to 3400 on upside.

Nifty Realty Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for NIFTY REALTY for the week  (June 11, 2018 – June 15, 2018) : 

NIFTY REALTY:

 

NIFTYREALT

 

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

As we have mentioned last week, that support for the index lies in the zone of 290 to 292 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 270 to 275 where trend-line support for the index is lying. During the week the index manages to hit a low of 275 and close the week around the levels of 292.

Support for the index lies in the zone of 290 to 292 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 270 to 275 where trend-line support for the index is lying.

Resistance for the index lies in the zone of 302 to 308 where medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 315 to 320 from where the index has broken down and long term moving averages are lying.

Broad range for the index is seen between 270 to 275 on downside & 310 to 315 on upside.

Nifty PSU Bank Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (June 11, 2018 – June 15, 2018) :  

NIFTY PSU BANK

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on positive note gaining around 2.80%.

As we have mentioned last week, that support for the index lies in the zone of 2850 to 2900 where break out levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 2650 to 2700 where the index has taken support in the month of March-2018 and April-2018. During the week the index manages to hit a low of 2860 and close the week around the levels of 3019.

Support for the index lies in the zone of 2850 to 2900 where break out levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 2650 to 2700 where the index has taken support in the month of March-2018 and April-2018.

Resistance for the index lies in the zone of 3050 to 3100 where the index has formed a high in the month of April-2018 & May-2018. If the index manages to close above these levels then the index can move to the levels of 3150 to 3200 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen between 2800 to 2850 on downside & 3150 to 3200 on upside.

Nifty Metal Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for NIFTY METAL for the week (June 11, 2018 – June 15, 2018) :  

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that minor resistance for the index lies in the zone of 3630 to 3650. Resistance for the index lies in the zone of 3750 to 3800 where Fibonacci levels and long term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3850 to 3900 where Fibonacci levels and medium term moving averages are lying. During the week the index manages to hit a high of 3705 and close the week around the levels of 3659.

Support for the index lies in the zone of 3580 to 3610 where break out levels and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3420 to 3470 where the index has taken support in the month of March-2018 and May-2018.

Resistance for the index lies in the zone of 3730 to 3780 where Fibonacci levels and long term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3850 to 3900 where Fibonacci levels are lying.

Broad range for the index is seen between 3450 to 3500 on downside & 3800 to 3850 on upside.

Nifty Energy Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (June 11, 2018 – June 15, 2018) :  

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 2.70%.

As we have mentioned last week, that resistance for the index lies in the zone of 13500 to 13600 where break down levels and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 13700 to 13800 where Fibonacci levels and medium & long term moving averages are lying. During the week the index manages to hit a high of 13889 and close the week around the levels of 13863.

Minor support for the index lies in the zone of 13700 to 13750. Support for the index lies in the zone of 13500 to 13600 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 13000 to 13100 where the index has taken support in the month of March-2018.

Resistance for the index lies in the zone of 13900 to 14000 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 14100 to 14200 where the index has formed a double top pattern.

Broad range for the index is seen between 13400 to 13500 on downside & 14100 to 14200 on upside.

Nifty Auto Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for NIFTY Auto for the week  (June 11, 2018 – June 15, 2018) :  

NIFTY AUTO:

 

NIFTYAUTO

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 11100 to 11200 where Fibonacci levels and medium & long term moving averages are lying. If the index manages to close below these levels then the index can move to the levels of 11400 to 11500 from where the index has broken down. During the week the index manages to hit a high of 11261 and close the week around the levels of 11226.

Minor support for the index lies around 11000 to 11100. Support for the index lies in the zone of 10700 to 10800 where the index has formed a bottom in the month of May-2018. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10600 where the index has taken support in the month of September-2017 and March-2018.

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

Broad range for the index is seen from 10700 to 10800 on downside & 11500 to 11600 on upside.

Nifty Pharma Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for NIFTY Pharma for the week  (June 11, 2018 – June 15, 2018) :  

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that support for the index lies in the zone of 8000 to 8050. If the index manages to close below these levels then the index can witness a major break down and can drift to the levels of 7900 to 7950 where long term Fibonacci levels are lying. During the week the index manages to hit a low of 8019 and close the week around the levels of 8599.

Minor support for the index lies in the zone of 8480 to 8520. Support for the index lies in the zone of 8350 to 8400 from where the index broke out. If the index manages to close below these levels then the index can drift to the levels of 8000 to 8050 where long term Fibonacci levels are lying.

Resistance for the index lies in the zone of 8650 to 8700 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 8800 to 8850.

Broad range for the index is seen from 8300 to 8350 on downside & 8850 to 8900 on upside.

Nifty FMCG Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for NIFTY FMCG for the week (June 11, 2018 – June 15, 2018) :  

NIFTY FMCG:

 

NIFTYFMCG

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 28900 to 29000 where the index has formed a high in the month of July-2017. If the index manages to close above these levels then the index can move to the levels of 29500 to 29600. During the week the index manages to hit a high of 28898 and close the week around the levels of 28713.

Support for the index lies in the zone of 28400 to 28500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 27900 to 28000 from where the index broke out of January-2018 high.

Resistance for the index lies in the zone of 28900 to 29000 where the index has formed a high in the month of July-2017. If the index manages to close above these levels then the index can move to the levels of 29500 to 29600.

Broad range for the index in the coming week is seen from 27900 to 28000 on downside & 29200 to 29300 on upside.

Nifty IT Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (June 11, 2018 – June 15, 2018) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that support for the index lies in the zone of 13400 to 13500 from where the index broke out of January-2018 high. If the index manages to close below these levels then the index can drift to the levels of 12900 to 13000 from where the index broke out of March-2018 high and short term moving averages are lying. During the week the index manages to hit a low of 13355 and close the week around the levels of 13770.

Support for the index lies in the zone of 13400 to 13500 from where the index broke out of January-2018 high. If the index manages to close below these levels then the index can drift to the levels of 12900 to 13000 from where the index broke out of March-2018 high and short term moving averages are lying.

Resistance for the index lies in the zone of 13900 to 14000 where the index has formed a top in the month of May-2018. If the index manages to close above these levels then the index can move to the levels of 14200 to 14300 where the index has formed a top in the month of April-2018.

Broad range for the index in the coming week is seen from 13400 to 13500 on downside & 14000 to 14100 on upside.

Nifty Bank Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (June 11, 2018 – June 15, 2018):

NIFTY BANK:

 

BANKNIFTY

 

Nifty Bank closed the week on negative note losing around 1.20%.

As we have mentioned, last week that minor support lies around the zone of 26400 to 26500. Support for the index lies in the zone 25900 to 26000 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 25500 to 25600 where Fibonacci levels and medium term moving averages are lying. During the week the index manages to hit a low of 26070 and close the week around the levels of 26367.

Support for the index lies in the zone 25900 to 26000 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 25500 to 25600 where Fibonacci levels and medium term moving averages are lying.

Minor resistance lies around the zone of 26500 to 26600. Resistance for the index lies in the zone of 26900 to 27000 where the index has formed a double top in the month of May-2018. If the index manages to close above these levels then the index can move to the levels of 27500 to 27600 where the index has formed a top in the month of January-2018.

Range for the week is seen from 25500 to 25600 on downside & 27000 to 27100 on upside.

Nifty Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for Nifty for the week  (June 11, 2018 – June 15, 2018):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that support for the index lies in the zone of 10500 to 10550 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where long term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 10551 and close the week around the levels of 10767.

Minor support for the index lies in the zone of 10650 to 10700. Support for the index lies in the zone of 10500 to 10550 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where long term moving averages and Fibonacci levels are lying.

Resistance for the index lies in the zone of 10900 to 11000 where the index has formed a high in the month of May-2018. If the index manages to close above these levels then the index can move to the levels of 11100 to 11200 where the index has formed a top in the month of January-2018.

Broad range for the week is seen from 10500 on downside & 11000 on upside.

MCX Tips for – June 08, 2018

Gold (31193): Gold has entered into positive zone and traders can go long at every dip or hold long positions until Gold closes below 30806  levels.

Silver (40460):  Silver has entered into positive zone and traders can go long at every dip or hold long positions until Silver closes below 39932  levels.

Crude (4443): Crude is trading into negative zone and traders can go short at every rise or hold short positions until Crude closes above 4484  levels.

Natural Gas (198.60): NG has entered into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 193.20 levels.

Copper (487.55): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes below 479.10.

Zinc (214.85): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 211.20  levels.

Lead (168.70): Lead is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Lead closes below 166.70 levels.

Nickel (1040.00):  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 1027.70 levels.

Aluminium (155.15): Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 154.60 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

MCX Tips for – June 07, 2018

Gold (30861): Gold is trading into negative zone and traders can go short at every rise or hold short positions until Gold closes above 30920  levels.

Silver (39927):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40132  levels.

Crude (4342): Crude is trading into negative zone and traders can go short at every rise or hold short positions until Crude closes above 4484  levels.

Natural Gas (193.90): NG is trading into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG closes above 198.40 levels.

Copper (481.25): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes below 469.50.

Zinc (214.00): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 211.20  levels.

Lead (169.35): Lead is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Lead closes below 165.45 levels.

Nickel (1043.40):  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 1027.70 levels.

Aluminium (157.30): Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 154.60 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

MCX Tips for – June 06, 2018

Gold (31046): Gold is trading into negative zone and traders can go short at every rise or hold short positions until Gold closes above 30920  levels.

Silver (39804):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40132  levels.

Crude (4392): Crude is trading into negative zone and traders can go short at every rise or hold short positions until Crude closes above 4484  levels.

Natural Gas (194.20): NG is trading into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG closes above 200.00 levels.

Copper (474.80): Copper is trading into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes below 461.90.

Zinc (215.60): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 209.00  levels.

Lead (168.50): Lead is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Lead closes below 165.45 levels.

Nickel (1057.30):  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 1021.50 levels.

Aluminium (156.60): Aluminium is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 154.60 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

MCX Tips for – June 05, 2018

Gold (30685): Gold is trading into negative zone and traders can go short at every rise or hold short positions until Gold closes above 30920  levels.

Silver (39576):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40132  levels.

Crude (4351): Crude is trading into negative zone and traders can go short at every rise or hold short positions until Crude closes above 4512  levels.

Natural Gas (197.70): NG is trading into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG closes above 200.00 levels.

Copper (465.30): Copper has entered into positive zone. Traders can hold Copper Future long positions or can initiate fresh long at every dip until it closes below 454.50.

Zinc (210.65): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 207.10  levels.

Lead (168.15): Lead has entered into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Lead closes below 162.35 levels.

Nickel (1038.10):  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 1008.40 levels.

Aluminium (156.40): Aluminium has entered into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Aluminium closes below 154.00 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 – June 04, 2018

Gold (30546): Gold is trading into negative zone and traders can go short at every rise or hold short positions until Gold closes above 30936  levels.

Silver (39537):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40138  levels.

Crude (4428): Crude is trading into negative zone and traders can go short at every rise or hold short positions until Crude closes above 4595  levels.

Natural Gas (198.40): NG is trading into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG closes above 200.00 levels.

Copper (458.85): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 463.45.

Zinc (207.70): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 207.10  levels.

Lead (164.90): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 165.85 levels.

Nickel (1030.30):  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 1001.70 levels.

Aluminium (155.25): Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 156.00 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.

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Natural Gas Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for Natural Gas for the week   (June 04, 2018 – June 08, 2018) :

NATURAL GAS:

 

NATURALGAS 1

 

NATURAL GAS 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 200 to 203 from where the commodity has sold off in the month of January-2018. If the commodity manages to close above these levels then the commodity can move to the levels of 210 to 215 where the gap is formed. During the week the commodity manages to hit a high of 203 and close the week around the levels of 198.

Minor support for the commodity lies in the zone of 194 to 196. Support for the commodity lies in the zone of 187 to 190 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 180 to 183 from where the commodity broke out and short & medium term moving averages are lying.

Resistance for the commodity lies in the zone of 200 to 203 from where the commodity has sold off in the month of January-2018. If the commodity manages to close above these levels then the commodity can move to the levels of 210 to 215 where the gap is formed.

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

Crude Oil Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (June 04, 2018 – June 08, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on negative note losing around 3.70%.

As we have mentioned last week, that support for the commodity lies in the zone of 4550 to 4600 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 4250 to 4300 where break out levels and medium term moving averages are lying. During the week the commodity manages to hit a low of 4417 and close the week around the levels of 4428.

Support for the commodity lies in the zone of 4250 to 4300 where break out 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 4000 to 4050 where Fibonacci levels and long term moving averages are lying.

Resistance for the commodity lies in the zone of 4550 to 4600 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4650 to 4700 from where the commodity has broken down.

Broad range for the commodity in the coming week can be seen between 4250 – 4300 on downside & 4550 – 4600 on upside.

Aluminium Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for Aluminium for the week  (June 04, 2018 – June 08, 2018) :

ALUMINIUM:

 

ALUMINIUM 1

 

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

As we have mentioned last week, that minor support for the commodity lies in the zone of 150 to 153. Support for the commodity lies in the zone of around 144 to 146 from where the commodity broke out of December-2017 and January-2018 highs. If the commodity manages to close below these levels then the commodity can drift to the levels of 130 to 135 where Fibonacci levels and long term moving averages are lying. During the week the commodity manages to hit a low of 152 and close the week around the levels of 155.

Minor support for the commodity lies in the zone of 150 to 153. Support for the commodity lies in the zone of around 144 to 146 from where the commodity broke out of December-2017 and January-2018 highs. If the commodity manages to close below these levels then the commodity can drift to the levels of 130 to 135 where Fibonacci levels and long term moving averages are lying.

Resistance for the commodity lies in the zone of 158 to 161 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 175 to 180 where the commodity has formed a top in the month of April-2018.

Broad range for the commodity in the coming week can be seen between 140 – 145 on downside and 165 – 170 on upside.

Nickel Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for Nickel for the week  (June 04, 2018 – June 08, 2018) :

NICKEL:

 

NICKEL 1

 

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

As we have mentioned last week, that minor support for the commodity lies in the zone of 985 to 990. Support for the commodity lies in the zone of 965 to 975 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 945 to 955 from where the commodity broke out after consolidation. During the week the commodity manages to hit a low of 988 and close the week around the levels of 1030.

Minor support for the commodity lies in the zone of 1000 to 1010. Support for the commodity lies in the zone of 965 to 975 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of around 945 to 955 from where the commodity broke out after consolidation.

Minor resistance for the commodity lies in the zone of 1000 to 1010. Resistance for the commodity lies in the zone of 1050 to 1060 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of around 1090 to 1100 where the commodity has formed a top in the month of April-2018.

Broad range for the commodity in the coming week can be seen between 1000 – 1010 on downside & 1050 – 1060 on upside.

Lead Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for Lead for the week  (June 04, 2018 – June 08, 2018) :

LEAD:

 

LEAD 1

 

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

As we have mentioned last week, that support for the commodity lies in the zone of 158 to 161 where 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 146 to 150 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 158 and close the week around the levels of 165.

Support for the commodity lies in the zone of 158 to 161 where 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 150 to 153 where low for the month of April-2018 & May-2018 and Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 165 to 168 from where the commodity has broken down and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 170 to 172 where the commodity has formed a top in the month of February-2018 & May-2018.

Broad range for the commodity in the coming week can be seen between 150 – 155 on downside & 175 – 177 on upside.

Zinc Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for Zinc for the week  (June 04, 2018 – June 08, 2018) :

ZINC:

 

ZINC 1

 

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

As we have mentioned last week, that resistance for the commodity lies in the zone of 212 to 215 where short & 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 228 to 230 where the commodity has formed a top in the month of January-2018. During the week the commodity manages to hit a high of 213 and close the week around the levels of 208.

Support for the commodity lies in the zone of 200 to 205 where the commodity has taken multiple support in the month of October-2017 and December-2017. If the commodity manages to close below these levels then the commodity can drift to the levels of around 188 to 190 where Fibonacci levels and lows for the month of September-2017 is lying.

Resistance for the commodity lies in the zone of 212 to 215 where short & 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 228 to 230 where the commodity has formed a top in the month of January-2018.

Broad range for the commodity in the coming week can be seen between 190 – 195 on downside & 220 – 225 on upside.

Copper Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for Copper for the week   (June 04, 2018 – June 08, 2018) :

COPPER:

 

COPPER 1

 

COPPER closed the week on negative note losing around 0.60%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 457 to 459. Support for the commodity lies in the zone of 448 to 452 where short & medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 438 to 442 where break out levels and long term moving averages are lying. During the week the commodity manages to hit a low of 451 and close the week around the levels of 459.

Support for the commodity lies in the zone of 448 to 452 where short & medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 438 to 442 where break out levels and long term moving averages are lying.

Resistance for the commodity lies in the zone of 463 to 466 from where the commodity has retraced multiple times and Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 470 to 475 where the commodity has formed a high in the month of December-2017.

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 (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for Silver for the week  (June 04, 2018 – June 08, 2018) :

SILVER:

 

SILVER 1

 

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

As we have mentioned last week, that minor support for the commodity lies in the zone of 40000 to 40100. Support for the commodity lies in the zone of 39400 to 39500 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels of 39000 to 39100 where short, medium & long term moving averages and Fibonacci levels are lying. During the week the commodity manages to hit a low of 39482 and close the week around the levels of 39537.

Support for the commodity lies in the zone of 39400 to 39500 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels of 39000 to 39100 where short, medium & long term moving averages and Fibonacci levels are lying.

Minor resistance for the commodity lies in the zone of 40000 to 40100. Resistance for the commodity lies in the zone of 40600 to 40800 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 41000 to 41200.

Broad range for the commodity in the coming week can be seen between 38500 – 38700 on downside & 40500 – 40700 on upside.

Gold Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for Gold for the week  (June 04, 2018 – June 08, 2018) :

GOLD:

 

GOLD 1

 

GOLD closed the week on negative note losing around 2.10%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 31200 to 31300. Resistance for the commodity lies in the zone of 31500 to 31600 where Fibonacci levels and trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31900 to 32000 from where the commodity sold off in the month of August-2016. During the week the commodity manages to hit a high of 31325 and close the week around the levels of 30546.

Support for the commodity lies in the zone of 30400 to 30500 from where the commodity broke out of September-2017 high. If the commodity manages to close below these levels then the commodity can drift to the levels of 29900 to 30000 where the commodity has taken multiple support in the month of Februay-2018 & March-2018 and medium term moving averages are lying.

Minor resistance for the commodity lies in the zone of 30800 to 30900. Resistance for the commodity lies in the zone of 31500 to 31600 where Fibonacci levels and trend-line joining earlier high is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 31900 to 32000 from where the commodity sold off in the month of August-2016.

Broad range for the commodity in the coming week can be seen between 29900 – 30000 on downside & 31000 – 31100 on upside.

Colgate Palmolive Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for Colgate Palmolive for the week (June 04, 2018 – June 08, 2018) :

COLGATE PALMOLIVE:

 

COLPAL

 

Colgate Palmolive closed the week on negative note losing around 0.80%.

As we have mentioned last week, that minor support for the stock lies in the zone of 1230 to 1240. Support for the stock lies in the zone of 1180 to 1190 from where the stock broke out of September-2017 and January-2018 highs. If the stock manages to close below these levels then the stock can drift to the levels of 1140 to 1150 from where the stock broke out. During the week the stock manages to hit a low of 1230 and close the week around the levels of 1247.

Minor support for the stock lies in the zone of 1230 to 1240. Support for the stock lies in the zone of 1180 to 1190 from where the stock broke out of September-2017 and January-2018 highs. If the stock manages to close below these levels then the stock can drift to the levels of 1140 to 1150 from where the stock broke out.

Resistance for the stock lies around 1270 to 1280 where the stock has formed a high in the month of May-2018. If the stock manages to close above these levels then the stock can move to the levels of 1300 to 1310.

Broad range for the stock is seen between 1200 to 1210 on downside & 1300 to 1310 on upside.

Dabur Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for DABUR for the week  (June 04, 2018 – June 08, 2018) :

DABUR:

 

DABUR

 

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

As we have mentioned last week, that resistance for the stock lies in the zone of 380 to 385 where the stock has formed a double top. If the stock manages to close above these levels then the stock can move to the levels of 390 to 395 where Fibonacci extension is lying. During the week the stock manages to hit a high of 392 and close the week around the levels of 387.

Minor support for the stock lies in the zone of 375 to 380. Support for the stock lies in the zone of 355 to 360 where break out levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 343 to 348 where Fibonacci levels and medium term moving averages are lying.

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

Broad range for the stock in the coming week can be seen between 365 to 370 on downside & 400 to 405 on upside.

Hindustan Unilever Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for Hindustan Unilever for the week  (June 04, 2018 – June 08, 2018) : 

HINDUSTAN UNILEVER:

 

HINDUNILVR

 

HIND Unilever closed the week on positive note gaining around 0.80%.

As we have mentioned last week, that minor support for the stock lies in the zone of 1550 to 1560. Support for the stock lies in the zone of 1510 to 1520 from where the stock broke out of April-2018 highs. If the stock manages to close below these levels then the stock can drift to the levels of 1400 to 1410 from where the stock broke out of January-2018 high. During the week the stock manages to hit a low of 1557 and close the week around the levels of 1589.

Minor support for the stock lies in the zone of 1550 to 1560. Support for the stock lies in the zone of 1510 to 1520 from where the stock broke out of April-2018 highs. If the stock manages to close below these levels then the stock can drift to the levels of 1400 to 1410 from where the stock broke out of January-2018 high.

Resistance for the stock lies in the zone of 1620 to 1625 where the stock has formed a top in the month of May-2018. If the stock manages to close above these levels then the stock can move to the levels of 1640 to 1650.

Broad range for the stock in coming week is seen between 1540 to 1550 on downside & 1630 to 1640 on upside.

ITC Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for ITC for the week  (June 04, 2018 – June 08, 2018) : 

ITC:

 

ITC

 

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

As we have mentioned last week, that resistance for the stock lies in the zone of 277 to 280 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 290 to 295 where the stock has formed a top in the month of February-2018 and Fibonacci levels are lying. During the week the stock manages to hit a high of 278 and close the week around the levels of 270.

Support for the stock lies in the zone of 266 to 268 where break out 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 258 to 262 from where the stock broke out in the month of April-2018.

Resistance for the stock lies in the zone of 277 to 280 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 290 to 295 where the stock has formed a top in the month of February-2018 and Fibonacci levels are lying.

Broad range for the stock in coming week is seen between 255 to 260 on downside & 280 to 285 on upside.

Cipla Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for Cipla for the week  (June 04, 2018 – June 08, 2018) : 

CIPLA:

 

CIPLA

 

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

As we have mentioned last week, that support for the stock lies in the zone of 520 to 525 where Fibonacci levels and lows for the month of March-2018 is lying. If the stock manages to close below these levels then the stock can move to the levels of 500 to 505. During the week the stock manages to hit a low of 520 and close the week around the levels of 524.

Support for the stock lies in the zone of 520 to 525 where Fibonacci levels and lows for the month of March-2018 is lying. If the stock manages to close below these levels then the stock can move to the levels of 500 to 505.

Minor resistance for the stock lies in the zone of 535 to 540. Resistance for the stock lies in the zone of 550 to 555 from where the stock broke down from April-2018 lows and Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 565 to 570 where Fibonacci levels and short term moving averages are lying.

Broad range for the stock is seen in the range of 500 – 505 on downside & 550 – 555 on upside.

Dr. Reddy Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for Dr. Reddy for the week (June 04, 2018 – June 08, 2018) :

DR. REDDY:

 

DRREDDY

 

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

As we have mentioned last week, that support for the stock lies in the zone of 1900 to 1930 where Fibonacci levels and bottom for the month of August-2017 is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1800 to 1830. During the week the stock manages to hit a low of 1926 and close the week around the levels of 1941.

Support for the stock lies in the zone of 1880 to 1910 where Fibonacci levels and bottom for the month of August-2017 & May-2018 is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1800 to 1830.

Minor resistance for the stock lies in the zone of 1960 to 1980. Resistance for the stock lies in the zone of 2030 to 2060 from where the stock has broken down from March-2018 and April-2018 low. If the stock manages to close above these levels then the stock can move to the levels of 2100 to 2130.

Broad range for the stock is seen from 1800 – 1850 on downside & 2050 – 2100 on upside.

Lupin Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for Lupin for the week  (June 04, 2018 – June 08, 2018) : 

LUPIN:

 

LUPIN

 

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

As we have mentioned last week, that resistance for the stock lies in the zone of 760 to 770 where break down levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 780 to 790 where Fibonacci levels and short term moving averages are lying. During the week the stock manages to hit a high of 799 and close the week around the levels of 764.

Support for the stock lies in the zone of 740 to 745 where the stock has formed a bottom in the month of April-2018. If the stock manages to close below these levels then the stock can drift to the levels of 720 to 730 where the stock has formed a bottom in the month of March-2018 & May-2018.

Resistance for the stock lies in the zone of 770 to 780 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 800 to 810 where Fibonacci levels and medium term moving averages are lying.

Broad range for the stock in coming week can be seen from 720 – 730 on lower side & 790 – 800 on upper side.

Sun Pharma Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for Sun Pharma for the week  (June 04, 2018 – June 08, 2018) : 

SUN PHARMA:

 

SUNPHARMA

 

SUN PHARMA closed the week on positive note gaining around 3.80%.

As we have mentioned last week, that minor resistance for the stock lies in the zone of 472 to 475. Resistance for the stock lies in the zone of 490 to 495 from where the stock broke down from triple bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 505 to 510 from where the stock broke down from April-2018 low. During the week the stock manages to hit a high of 510 and close the week around the levels of 484.

Minor support for the stock lies in the zone of 472 to 475. Support for the stock lies in the zone of 460 to 465 where the stock has taken support in the month of September-2017. If the stock manages to close below these levels then the stock can drift to the levels of 430 to 435 where the stock has formed a bottom in the month of August-2017.

Resistance for the stock lies in the zone of 490 to 495 from where the stock broke down from triple bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 505 to 510 from where the stock broke down from April-2018 low.

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

Wipro Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for Wipro for the week  (June 04, 2018 – June 08, 2018) : 

WIPRO:

 

WIPRO

 

Wipro closed the week on negative note losing around 1.50%.

As we have mentioned last week, that resistance for the stock lies in the zone of 268 to 270 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 285 to 290 where Fibonacci levels and short & long term moving averages are lying. During the week the stock manages to hit a high of 265 and close the week around the levels of 261.

Support for the stock lies in the zone of 250 to 255 where the stock has taken multiple support in the month of June-2017. If the stock manages to close below these levels then the stock can drift to the levels of 240 to 245.

Resistance for the stock lies in the zone of 268 to 270 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 285 to 290 where Fibonacci levels and short & long term moving averages are lying.

Broad range for the stock in the coming week is seen between 245 to 250 on downside & 275 to 280 on upside.

HCL Tech Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for HCL Tech for the week (June 04, 2018 – June 08, 2018) : 

HCL TECHNOLOGIES:

 

HCLTECH

 

HCL Tech closed the week on negative note losing around 1.20%.

As we have mentioned last week, that resistance for the stock lies in the zone of 920 to 930 where long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 950 to 960 from where the stock broke down from April-2018 low and medium term moving averages are lying. During the week the stock manages to hit a high of 924 and close the week around the levels of 905.

Support for the stock lies in the zone of 870 to 880 from where the stock broke out in the month of December-2017. If the stock manages to close below these levels then the stock can drift to the levels of 820 to 830 where the stock has taken support in the month of October-2017 and December-2017.

Resistance for the stock lies in the zone of 920 to 930 where long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 950 to 960 from where the stock broke down from April-2018 low and medium term moving averages are lying.

Broad range for the stock in the coming week is seen between 850 to 860 on downside & 950 to 960 on upside.

TCS Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for TCS for the week  (June 04, 2018 – June 08, 2018) : 

TATA CONSULTANCY SERVICES:

 

TCS

 

TCS closed the week on negative note losing around 3.40%.

As we have mentioned last week, that resistance for the stock lies in the zone of 3680 to 3710. If the stock manages to close above these levels then the stock can move to the levels of 3760 to 3800. During the week the stock manages to hit a high of 3675 and close the week around the levels of 1732 (after bonus price).

Support for the stock lies in the zone of 1700 to 1720 where the stock has taken multiple support in the month of May-2018. If the stock manages to close below these levels then the stock can drift to the levels of 1640 to 1660 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 1750 to 1770 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 1810 to 1830 where the stock has formed a high in the month of May-2018.

Broad range for the stock in the coming week is seen between 1650 to 1670 on downside & 1800 to 1820 on upside.

Infosys Outlook for the Week (June 04, 2018 – June 08, 2018)

EquiyPandit’s Outlook for Infosys for the week  (June 04, 2018 – June 08, 2018) : 

INFOSYS:

 

INFY

 

INFY closed the week on negative note losing around 0.60%.

As we have mentioned last week, that support for the stock lies in the zone of 1200 to 1210 from where the stock broke out of March-2018 and April-2018 high. If the stock manages to close below these levels the stock can drift to the levels of 1160 to 1170 where short and medium term moving averages are lying. During the week the stock manages to hit a low of 1206 and close the week around the levels of 1221.

Support for the stock lies in the zone of 1200 to 1210 from where the stock broke out of March-2018 and April-2018 high. If the stock manages to close below these levels the stock can drift to the levels of 1160 to 1170 where short and medium term moving averages are lying.

Resistance for the stock lies in the zone of 1230 to 1250. If the stock manages to close above these levels then the stock can move to the levels of around 1270 to 1280 where the stock has formed a top in the month of June-2016.

Broad range for the stock in the coming week is seen between 1160 to 1170 on downside & 1270 to 1280 on upside.

SBI Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for SBI for the week  (June 04, 2018 – June 08, 2018) : 

STATE BANK OF INDIA:

 

SBIN

 

SBIN closed the week on absolutely flat note.

As we have mentioned last week, that resistance for the stock lies in the zone of 265 to 270 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 285 to 290 where long term moving averages and Fibonacci levels are lying. During the week the stock manages to hit a high of 275 and close the week around the levels of 267.

Minor support for the stock lies around 258 to 260. Support for the stock lies in the zone of 250 to 255 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 235 to 240 where break out levels are lying.

Resistance for the stock lies in the zone of 270 to 275 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 285 to 290 where long term moving averages and Fibonacci levels are lying.

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 (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for Axis Bank for the week  (June 04, 2018 – June 08, 2018) : 

AXIS BANK:

 

AXISBANK

 

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

As we have mentioned last week, that resistance for the stock lies in the zone of 540 to 545 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 555 to 560 where Fibonacci levels are lying. During the week the stock manages to hit a high of 552 and close the week around the levels of 536.

Support for the stock lies in the zone of 520 to 525 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 505 where trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 540 to 545 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 555 to 560 where Fibonacci levels are lying.

Broad range for the stock in the coming week can be 505– 510 on lower side & 555 – 560 on upper side.

ICICI Bank Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for ICICI Bank for the week  (June 04, 2018 – June 08, 2018) : 

ICICI BANK:

 

ICICIBANK

 

ICICI Bank closed the week on negative note losing around 2.10%.

As we have mentioned last week, that resistance for the stock lies in the zone of 300 to 303 where break down levels and long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 315 to 320 where Fibonacci levels are lying. During the week the stock manages to hit a high of 302 and close the week around the levels of 289.

Support for the stock lies in the zone of 285 to 288 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 270 to 275 where the stock has taken multiple support in the month of April-2018.

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

Broad range for the stock in the coming week can be 275 – 280 on lower side & 305 – 310 on upper side.

HDFC Bank Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for HDFC Bank for the week   (June 04, 2018 – June 08, 2018) : 

HDFC BANK:

 

HDFCBANK

 

HDFC Bank closed the week on positive note gaining around 5.00%.

As we have mentioned last week, that resistance for the stock lies in the zone of 2020 to 2030 from where the index has broken down on intraday basis. If the stock manages to close above these levels then the stock can move to the levels of 2050 to 2060. During the week the stock manages to hit a high of 2160 and close the week around the levels of 2110.

Minor support for the stock lies in the zone of 2080 to 2100. Support for the stock lies in the zone of 2050 to 2060 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 2000 to 2020 where Fibonacci levels and short term moving averages are lying.

Resistance for the stock lies in the zone of 2140 to 2160 where the stock has formed a high in the month of May-2018. If the stock manages to close above these levels then the stock can move to the levels of 2200 to 2220.

Broad range for the stock in the coming week can be 2000 to 2020 on lower side & 2200 to 2220 on upper side.

Nifty Media Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for NIFTY MEDIA for the week   (June 04, 2018 – June 08, 2018) : 

NIFTY MEDIA:

 

NIFTYMEDIA

 

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

As we have mentioned last week, that minor resistance for the index lies in the zone of 3250 to 3300. Resistance for the index lies in the zone of 3350 to 3400 where short & medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3450 to 3500 from where the index sold off after consolidation and Fibonacci levels are lying. During the week the index manages to hit a high of 3280 and close the week around the levels of 3165.

Support for the index lies in the zone of 3150 to 3200 where the index has taken support in the month of March-2018 & May-2018 and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3000 to 3050 where break out levels are lying.

Minor resistance for the index lies in the zone of 3200 to 3220. Resistance for the index lies in the zone of 3250 to 3300 where Fibonacci levels and short; medium & long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3350 to 3400 where the index has formed a high in the month of May-2018.

Broad range for the index is seen between 3000 to 3050 on downside & 3350 to 3400 on upside.

Nifty Realty Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for NIFTY REALTY for the week  (June 04, 2018 – June 08, 2018) : 

NIFTY REALTY:

 

NIFTYREALT

 

Nifty REALTY index closed the week on negative note losing around 1.30%.

As we have mentioned last week, that resistance for the index lies in the zone of 302 to 308 where medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 315 to 320 from where the index has broken down and long term moving averages are lying. During the week the index manages to hit a high of 301 and close the week around the levels of 291.

Support for the index lies in the zone of 290 to 292 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 270 to 275 where trend-line support for the index is lying.

Resistance for the index lies in the zone of 302 to 308 where medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 315 to 320 from where the index has broken down and long term moving averages are lying.

Broad range for the index is seen between 270 to 275 on downside & 310 to 315 on upside.

Nifty PSU Bank Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (June 04, 2018 – June 08, 2018) :  

NIFTY PSU BANK

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on negative note losing around 0.40%.

As we have mentioned last week, that support for the index lies in the zone of 2850 to 2900 where break out levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 2650 to 2700 where the index has taken support in the month of March-2018 and April-2018. During the week the index manages to hit a low of 2892 and close the week around the levels of 2938.

Support for the index lies in the zone of 2850 to 2900 where break out levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 2650 to 2700 where the index has taken support in the month of March-2018 and April-2018.

Resistance for the index lies in the zone of 3050 to 3100 where the index has formed a high in the month of April-2018 & May-2018 and medium term moving average is lying. If the index manages to close above these levels then the index can move to the levels of 3150 to 3200 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen between 2700 to 2750 on downside & 3150 to 3200 on upside.

Nifty Metal Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for NIFTY METAL for the week (June 04, 2018 – June 08, 2018) :  

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on absolutely flat note.

As we have mentioned last week, that support for the index lies in the zone of 3550 to 3580 where break out levels and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3400 to 3450 where the index has taken support in the month of March-2018. During the week the index manages to hit a low of 3552 and close the week around the levels of 3568.

Support for the index lies in the zone of 3550 to 3580 where break out levels and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3400 to 3450 where the index has taken support in the month of March-2018.

Minor resistance for the index lies in the zone of 3630 to 3650. Resistance for the index lies in the zone of 3750 to 3800 where Fibonacci levels and long term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3850 to 3900 where Fibonacci levels and medium term moving averages are lying.

Broad range for the index is seen between 3400 to 3450 on downside & 3700 to 3750 on upside.

Nifty Energy Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (June 04, 2018 – June 08, 2018) :  

NIFTY ENERGY:

 

NIFTYENERG

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 13400 to 13500 where break down levels and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 14100 to 14200 where the index has formed a double top pattern. During the week the index manages to hit a high of 13553 and close the week around the levels of 13498.

Support for the index lies in the zone of 13000 to 13100 where the index has taken support in the month of March-2018. If the index manages to close below these levels then the index can drift to the levels of 12500 to 12600 where the index has taken support in the month of August-2017 and September-2017.

Resistance for the index lies in the zone of 13500 to 13600 where break down levels and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 13700 to 13800 where Fibonacci levels and medium & long term moving averages are lying.

Broad range for the index is seen between 13000 to 13100 on downside & 13800 to 13900 on upside.

Nifty Auto Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for NIFTY Auto for the week  (June 04, 2018 – June 08, 2018) :  

NIFTY AUTO:

 

NIFTYAUTO

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 11100 to 11200 where Fibonacci levels and medium & long term moving averages are lying. If the index manages to close below these levels then the index can move to the levels of 11400 to 11500 from where the index has broken down. During the week the index manages to hit a high of 11150 and close the week around the levels of 11076.

Minor support for the index lies around 10800 to 10900. Support for the index lies in the zone of 10500 to 10600 where the index has taken support in the month of September-2017 and March-2018. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 11100 to 11200 where Fibonacci levels and medium & long term moving averages are lying. If the index manages to close below these levels then the index can move to the levels of 11400 to 11500 from where the index has broken down.

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

Nifty Pharma Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for NIFTY Pharma for the week  (June 04, 2018 – June 08, 2018) :  

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 8250 to 8300 from where the index has broken down from the March-2018 low. Resistance for the index lies in the zone of 8450 to 8500 where medium term moving averages and break down levels are lying. If the index manages to close above these levels then the index can move to the levels of 8650 to 8700 from where the index broke down after consolidation. During the week the index manages to hit a high of 8554 and close the week around the levels of 8213.

Support for the index lies in the zone of 8000 to 8050. If the index manages to close below these levels then the index can witness a major break down and can drift to the levels of 7900 to 7950 where long term Fibonacci levels are lying.

Resistance for the index lies in the zone of 8250 to 8300 from where the index has broken down from the March-2018 low. Resistance for the index lies in the zone of 8450 to 8500 where medium term moving averages and break down levels are lying. If the index manages to close above these levels then the index can move to the levels of 8650 to 8700 from where the index broke down after consolidation.

Broad range for the index is seen from 7900 to 7950 on downside & 8350 to 8400 on upside.

Nifty FMCG Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for NIFTY FMCG for the week (June 04, 2018 – June 08, 2018) :  

NIFTY FMCG:

 

NIFTYFMCG

 

Nifty FMCG index closed the week on absolutely flat note.

As we have mentioned last week, that resistance for the index lies in the zone of 28900 to 29000 where the index has formed a high in the month of July-2017. If the index manages to close above these levels then the index can move to the levels of 29500 to 29600. During the week the index manages to hit a high of 28953 and close the week around the levels of 28611.

Support for the index lies in the zone of 28400 to 28500 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 27900 to 28000 from where the index broke out of January-2018 high.

Resistance for the index lies in the zone of 28900 to 29000 where the index has formed a high in the month of July-2017. If the index manages to close above these levels then the index can move to the levels of 29500 to 29600.

Broad range for the index in the coming week is seen from 27600 to 27700 on downside & 29200 to 29300 on upside.

Nifty IT Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (June 04, 2018 – June 08, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 1.50%.

As we have mentioned last week, that minor support for the index lies in the zone of 13650 to 13750. Support for the index lies in the zone of 13400 to 13500 from where the index broke out of January-2018 high. If the index manages to close below these levels then the index can drift to the levels of 12900 to 13000 from where the index broke out of March-2018 high and short term moving averages are lying. During the week the index manages to hit a low of 13457 and close the week around the levels of 13558.

Support for the index lies in the zone of 13400 to 13500 from where the index broke out of January-2018 high. If the index manages to close below these levels then the index can drift to the levels of 12900 to 13000 from where the index broke out of March-2018 high and short term moving averages are lying.

Minor resistance for the index lies in the zone of 13650 to 13750. Resistance for the index lies in the zone of 13900 to 14000 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 14200 to 14300 where the index has formed a top in the month of April-2018.

Broad range for the index in the coming week is seen from 13000 to 13100 on downside & 14000 to 14100 on upside.

Nifty Bank Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (June 04, 2018 – June 08, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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

As we have mentioned, last week that minor support lies around the zone of 25900 to 26000. Support for the index lies in the zone 25500 to 25600 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 25000 to 25100 where Fibonacci levels and medium & long term moving averages are lying. During the week the index manages to hit a low of 25981 and close the week around the levels of 26693.

Minor support lies around the zone of 26400 to 26500. Support for the index lies in the zone 25900 to 26000 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 25500 to 25600 where Fibonacci levels and medium term moving averages are lying.

Resistance for the index lies in the zone of 26900 to 27000 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 27500 to 27600 where the index has formed a top in the month of January-2018.

Range for the week is seen from 26000 to 26100 on downside & 27000 to 27100 on upside.

Nifty Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for Nifty for the week  (June 04, 2018 – June 08, 2018):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that support for the index lies in the zone of 10500 to 10550 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where long term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 10558 and close the week around the levels of 10696.

Support for the index lies in the zone of 10500 to 10550 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where long term moving averages and Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 10700 to 10750. Resistance for the index lies in the zone of 10900 to 11000 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 11100 to 11200 where the index has formed a top in the month of January-2018.

Broad range for the week is seen from 10500 on downside & 10900 on upside.

MCX Tips for – June 01, 2018

Gold (31246): Gold is trading into negative zone and traders can go short at every rise or hold short positions until Gold closes above 31534  levels.

Silver (39904):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40371  levels.

Crude (4517): Crude is trading into negative zone and traders can go short at every rise or hold short positions until Crude closes above 4621  levels.

Natural Gas (199.50): NG is trading into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG closes above 200.00 levels.

Copper (457.05): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 463.45.

Zinc (209.40): Zinc is trading into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 207.10  levels.

Lead (165.05): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 165.85 levels.

Nickel (1020.20):  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 993.50 levels.

Aluminium (155.95): Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 156.00 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 – May 31, 2018

Gold (31035): Gold is trading into negative zone and traders can go short at every rise or hold short positions until Gold closes above 31261  levels.

Silver (40044):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40371  levels.

Crude (4614): Crude is trading into negative zone and traders can go short at every rise or hold short positions until Crude closes above 4621  levels.

Natural Gas (195.90): NG has entered into negative zone. Traders can hold short positions and can initiate short positions at every rise until NG closes above 200.00 levels.

Copper (458.85): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 463.45.

Zinc (212.30): Zinc has entered into positive zone. Traders can hold long position or can initiate fresh long position on every dip until Zinc closes below 206.10  levels.

Lead (164.50): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 165.85 levels.

Nickel (1013.40):  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 991.25 levels.

Aluminium (152.85): Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 156.00 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 – May 30, 2018

Gold (31188): Gold is trading into negative zone and traders can go short at every rise or hold short positions until Gold closes above 31261  levels.

Silver (39979):  Silver is trading into negative zone and traders can go short at every rise or hold short positions until Silver closes above 40492  levels.

Crude (4527): Crude is trading into negative zone and traders can go short at every rise or hold short positions until Crude closes above 4621  levels.

Natural Gas (197.10): NG is trading into positive zone. Traders can hold long positions and can initiate long positions at every dip until NG closes below 196.90 levels.

Copper (460.70): Copper is trading into negative zone. Traders can hold Copper Future short positions or can initiate fresh short at every rise until it closes above 464.70.

Zinc (209.25): Zinc is trading into negative zone. Traders can hold short position or can initiate fresh short position on every rise until Zinc closes above 209.90  levels.

Lead (164.80): Lead is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Lead closes above 165.85 levels.

Nickel (1004.80):  Nickel is trading into positive zone. Traders can hold long positions or can initiate fresh long position on every dip until Nickel future closes below 991.25 levels.

Aluminium (153.80): Aluminium is trading into negative zone. Traders can hold short positions or can initiate fresh short position on every rise until Aluminium closes above 156.80 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