EquiyPandit’s Outlook for Infosys for the week  (Dec 10, 2018 – Dec 14, 2018) :  INFOSYS:     INFY closed the week on positive note gaining around 2.40%. As we have mentioned last week, that resistance for the stock lies around 670 to 680 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 690 to 700 from where the stock broke down from September-2018 low and Fibonacci levels are lying. During the week the stock manages to hit a high of 688 and close the week around the levels of 683. Support for the stock lies in the zone of 660 to 670 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels the stock can drift to the levels

EquityPandit’s Outlook for SBI for the week  (Dec 10, 2018 – Dec 14, 2018) :  STATE BANK OF INDIA:     SBIN closed the week on negative note losing around 3.50%. As we have mentioned last week, that support for the stock lies in the zone of 275 to 280 from where the stock broke out of October-2018 high and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 265 to 270 where long term moving averages and Fibonacci levels are lying. During the week the stock manages to hit a low of 272 and close the week around the levels of 275. Support for the stock lies in the zone of 270 to 275 where Fibonacci levels and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift

EquityPandit’s Outlook for Axis Bank for the week  (Dec 10, 2018 – Dec 14, 2018) :  AXIS BANK:     Axis Bank closed the week on negative note losing around 3.50%. As we have mentioned last week, that support for the stock lies in the zone of 600 to 610 where Fibonacci levels and short & medium term moving are lying. If the stock manages to close below these levels then the stock can drift to the levels of 580 to 590 where Fibonacci levels are lying. During the week the stock manages to hit a low of 592 and close the week around the levels of 604. Support for the stock lies in the zone of 590 to 600 where Fibonacci levels and short & medium term moving are lying. If the stock manages to close below these levels then the stock can drift to the levels of 570 to 580 where Fibon

EquityPandit’s Outlook for ICICI Bank for the week  (Dec 10, 2018 – Dec 14, 2018) :  ICICI BANK:     ICICI 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 343 to 347 from where the stock broke out of double top formed in the month of August-2018. If the stock manages to close below these levels then the stock can drift to the levels of 330 to 335 where Fibonacci levels and short term moving averages are lying. During the week the stock manages to hit a low of 343 and close the week around the levels of 352. Support for the stock lies in the zone of 343 to 347 from where the stock broke out of double top formed in the month of August-2018. If the stock manages to close below these levels then t

EquityPandit’s Outlook for HDFC Bank for the week   (Dec 10, 2018 – Dec 14, 2018) :  HDFC BANK:     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 2080 to 2100 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of around 2040 to 2060 where Fibonacci levels and medium term moving averages are lying. During the week the stock manages to hit a low of 2076 and close the week around the levels of 2108. Support for the stock lies in the zone of 2080 to 2100 where Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of around 2040 to 2060 where Fibonacci levels

EquityPandit’s Outlook for NIFTY MEDIA for the week   (Dec 10, 2018 – Dec 14, 2018) :  NIFTY MEDIA:     Nifty Media index closed the week on negative note losing around 2.10%. As we have mentioned last week, that minor support for the index lies in the zone of 2450 to 2480. Support for the index lies in the zone of 2350 to 2400 where Fibonacci levels and low for the month of November-2018 are lying. If the index manages to close below these levels then the index can drift to the levels of 2200 to 2250. During the week the index manages to hit a low of 2450 and close the week around the levels of 2498. Minor support for the index lies in the zone of 2450 to 2480. Support for the index lies in the zone of 2350 to 2400 where Fibonacci levels and low for the month of November-2018 are

EquityPandit’s Outlook for NIFTY REALTY for the week  (Dec 10, 2018 – Dec 14, 2018) :  NIFTY REALTY:     Nifty REALTY index closed the week on negative note losing around 0.70%. As we have mentioned last week, that resistance for the index lies in the zone of 235 to 240 where Fibonacci levels and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 245 to 250 where Fibonacci levels are lying. During the week the index manages to hit a high of 239 and close the week around the levels of 230. Support for the index lies in the zone of 215 to 220 from where the index broke out of October-2018 high, Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Dec 10, 2018 – Dec 14, 2018) :   NIFTY PSU BANK:     Nifty PSU BANK index closed the week on negative note losing around 3.10%. As we have mentioned last week, that minor support for the index lies in the zone of 2900 to 2930. Support for the index lies in the zone of 2800 to 2850 where long term 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 2550 to 2600 where low for the month of October-2018 is lying. During the week the index manages to hit a low of 2786 and close the week around the levels of 2825. Support for the index lies in the zone of 2800 to 2830 where long term Fibonacci levels and short term moving averages ar