EquityPandit’s Outlook for NIFTY FMCG for the week (Jan 20, 2020 - Jan 24, 2020): NIFTY FMCG: NIFTY FMCG Index closed the week on positive note gaining 1001 Points 3.30%. Weekly High: 31,507.70 Weekly Low: 30,443.50 Weekly Close: 31,371.45 Technically on the daily charts we see minor support on the downside for NIFTY FMCG index lies at 31000 levels, whereas minor resistance on the upside is capped around 31700-31750 levels. If NIFTY FMCG index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 30700 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 32000. Currently NIFTY FMCG index is trading above 2

EquityPandit’s Outlook for NIFTY IT for the week (Jan 20, 2020 - Jan 24, 2020): NIFTY IT: NIFTY IT Index closed the week on positive note gaining 396.70 Points 2.49%. Weekly High: 16,447.35 Weekly Low: 16,075.75 Weekly Close: 16,356.60 Technically on the daily charts we see minor support on the downside for Nifty IT index lies at 16200 levels, whereas minor resistance on the upside is capped around 16475-16500 levels. If Nifty IT index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 15900 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 16700. Currently Nifty IT index is trading above 200 days ex

EquityPandit’s Outlook for Nifty Bank for the week (Jan 20, 2020 - Jan 24, 2020) NIFTY BANK: NIFTY BANK Index closed the week on negative note losing 506.75 points 1.58%. Weekly High: 32,322.65 Weekly Low: 31,445.50 Weekly Close: 31,590.65 Technically on the daily charts we see minor support on the downside for NIFTY BANK index lies at 31000 levels, whereas minor resistance on the upside is capped around 32000-32100 levels. If NIFTY BANK index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 30700 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 32500. Currently NIFTY BANK index is trading above 20

EquityPandit’s Outlook for Nifty for the week (Jan 20, 2020 - Jan 24, 2020): NIFTY: NIFTY 50 Index closed the week on positive note gaining 95.55 Points 0.78%. Weekly High: 12,389.05 Weekly Low: 12,278.75 Weekly Close: 12,352.35 Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 12275 levels, whereas minor resistance on the upside is capped around 12400-12425 levels. If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 12100 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 12500. Currently nifty 50 index is trading above 200 days exponent

Market Still In Positive Zone, Continue Long Until Nifty Holds Above 12226   Last Trading Session: Indian Stock Market opened flat exactly as predicted by EquityPandit. EquityPandit predicted that market would consolidate in a rangebound region but traders should hold long positions for now and exactly same happened. Indian Stock Market moved sharply but was not able to sustain higher levels and saw sharp profit booking. Finally, Indian Stock Market closed flat for the day. Today: Indian Stock Market would open flat. Market still in positive zone until it holds above 12226 for Nifty and 31678 for BankNifty. Market would continue to consolidate and traders are still suggested to hold long positions for now. Initiate fresh short positions only if market closes below these reversal levels. Nifty: BankNifty:

Market Still Consolidating, Initiate Short Only If Nifty Closes Below 12182   Last Trading Session: Indian Stock Market opened flat with negative bias as predicted by EquityPandit. EquityPandit predicted that market would consolidate for now and exactly same happened. Indian Stock Market saw some profit booking and saw lows right at EquityPandit's predicted support levels of 41650 for Sensex like a dot. Finally Indian Stock Market closed marginally negative for the day. BankNifty closed right above EquityPandit's predicted support levels of 31820 like a dot. Today: Indian Stock Market would open flat. Analysis still remains same. Technically, Indian Stock Market is still in positive zone but as predicted yesterday, some consolidation would be seen before taking further directional move. Market would enter in

Market To Consolidate For Now, Continue Long Until Nifty Above 12182   Last Trading Session: Indian Stock Market opened positive as predicted. EquityPandit predicted that market is still bullish and traders should continue to hold long positions and exactly same happened. Indian Stock Market saw some profit booking after opening but strong support was seen near EquityPandit's predicted support levels of 12300 for Nifty. Market recovered sharply from there and saw highs near EquityPandit's predicted resistance levels of 12380 for Nifty. Finally, Indian Stock Market closed positive for the day but BankNifty closed negative for the day. Today: Indian Stock Market would open flat with negative bias. Technically, Indian Stock Market is still in positive zone but now some consolidation would be seen before taking

Market Still Bullish, Continue Long Positions Until Nifty Holds Above 12182   Last Trading Session: Indian Stock Market opened positive exactly as predicted by EquityPandit. EquityPandit predicted that market is still in positive zone and traders should continue to hold long positions until Nifty holds above 12129 levels and exactly same happened. Indian Stock Market moved sharply positive and saw highs right at EquityPandit's predicted resistance levels of 12228 like a dot. Finally Indian Stock Market closed gap positive for the day. BankNifty closed right below EquityPandit's predicted resistance levels of 32180 like a dot. Today: Indian Stock Market would open positive. Technically, Indian Stock Market is still in positive zone. Analysis would remain same. Market would enter into negative zone only if it