EquityPandit’s Outlook for NIFTY FMCG for the week (July 13,2020 - July 17, 2020): NIFTY FMCG: NIFTY FMCG Index closed the week on positive note gaining 292.05 points 0.96%. Weekly High: 30,919.10 Weekly Low: 30,402.75 Weekly Close: 30,821.15 Technically on the daily charts we see minor support on the downside for NIFTY FMCG index lies at 30400 levels, whereas minor resistance on the upside is capped around 31150--31200 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 29800 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 31600. Currently NIFTY FMCG index is trading abo

EquityPandit’s Outlook for NIFTY IT for the week (July 13,2020 - July 17, 2020): NIFTY IT: NIFTY IT Index closed the week on positive note gaining 279.30 points 1.83%. Weekly High: 15,806.85 Weekly Low: 15,351.70 Weekly Close: 15,565.20 Technically on the daily charts we see minor support on the downside for Nifty IT index lies at 15300 levels, whereas minor resistance on the upside is capped around 15850-15900 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 15000 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 16100. Currently Nifty IT index is trading above 200 days e

EquityPandit’s Outlook for Nifty Bank for the week (July 13,2020 - July 17, 2020) NIFTY BANK: NIFTY BANK Index closed the week on positive note gaining 546.05 points 2.50%. Weekly High: 23,080.60 Weekly Low: 22,040.35 Weekly Close: 22,398.45 Technically on the daily charts we see minor support on the downside for NIFTY BANK index lies at 21900 levels, whereas minor resistance on the upside is capped around 23450-23500 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 20800 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 24500. Currently NIFTY BANK index is trading below

EquityPandit’s Outlook for Nifty for the week (July 13,2020 - July 17, 2020): NIFTY: NIFTY 50 Index closed the week on positive note gaining 160.70 points 1.51%. Weekly High: 10,847.85 Weekly Low: 10,676.55 Weekly Close: 10,768.05 Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 10500 levels, whereas minor resistance on the upside is capped around 10950-11000 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 10200 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 11300. Currently nifty 50 index is trading above 200 days expone

Market To See Profit Booking But Initiate Short Positions Only If Nifty Closes Below 10638   Last Trading Session: Indian Stock Market opened positive as predicted by EquityPandit. EquityPandit predicted that the market would consolidate in the 10616-10850 range and exactly the same happened. Market moved sharply positive and saw highs right at EquityPandit's predicted resistance levels of 10835 for Nifty like a dot. Finally, Indian Stock Market closed the gap positive for the day but remained within the predicted range. Today: Indian Stock Market would open negative. Technically, Indian Stock Market is still in the positive zone. Market would enter into a negative zone only if it closes below 10638 for Nifty and 22305 for BankNifty but until then the market would be considered bullish. BankNifty if breaches

Market To Consolidate Until Closes Out Of 10616-10850 Range For Nifty, TCS Results Today   Last Trading Session: Indian Stock Market opened positive for the day. EquityPandit predicted that the market is in uptrend until Nifty holds 10606. EquityPandit also advised that if Nifty doesn't hold 10815 then it would see sharp profit booking and exactly the same happened. Indian Stock Market moved sharply positive but was not able to hold higher levels and breached 10815 forcing market to see a sharp profit booking as predicted by EquityPandit. Market saw lows right near EquityPandit's predicted support levels of 10685 for Nifty and 36245 for Sensex. Finally, Indian Stock Market closed negative for the day. Today: Indian Stock Market would open positive. Technically, Indian Stock Market is still in the positive zo

Market In Uptrend Until Nifty Holds Above 10606, Initiate Short If Close Below 10606   Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that the market would see some profit booking but traders should continue long positions until Nifty holds above 10591 and exactly the same happened. Indian Stock Market saw sharp profit booking and saw low right near EquityPandit's predicted support levels of 10685 for Nifty like a dot. Market recovered sharply from there as predicted and finally, managed to close positive for the day. Today: Indian Stock Market would open flat with a positive bias. Technically, Indian Stock Market is still in the positive zone. Market has formed a Dragonfly Doji pattern that is normally formed at the bottom of the trend and suggests a reversal of t

Market May See Some Profit Booking But Continue Long Until Nifty Holds Above 10591   Last Trading Session: Indian Stock Market opened positive as predicted by EquityPandit. EquityPandit predicted that the Indian Stock Market is overstretched but traders should continue to hold long positions until Nifty closes above 10438 for Nifty. Indian Stock Market moved sharply positive and finally, closed gap positive for the day. Today: Indian Stock Market would open flat with a negative bias. Technically, Indian Stock Market is still in the positive zone. Analysis would remain the same. Market is over-stretched and may see some profit booking but traders can continue long positions until the market holds above 10591 for Nifty and 21670 for BankNifty by closing. Once the market closes below these levels, traders can