EquityPandit’s Outlook for NIFTY IT for the week (Dec 16, 2019 - Dec 20, 2019): NIFTY IT: NIFTY IT Index closed the week on negative note losing 89.05 Points 0.58%. Weekly High: 15,322.55 Weekly Low: 14,890.60 Weekly Close: 15,200.55   Technically on the daily charts we see minor support on the downside for Nifty IT index lies at 14900 levels, whereas minor resistance on the upside is capped around 15375-15400 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 14700 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 15700. Currently Nifty IT index is trading below 200

EquityPandit’s Outlook for Nifty Bank for the week (Dec 16, 2019 - Dec 20, 2019) NIFTY BANK: NIFTY BANK Index closed the week on positive note gaining 672.70 points 2.15%. Weekly High: 32,105.05 Weekly Low: 30,996.40 Weekly Close: 32,014.25     Technically on the daily charts we see minor support on the downside for NIFTY BANK index lies at 31650 levels, whereas minor resistance on the upside is capped around 32350-32400 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 31300 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 32750. Currently NIFTY BANK inde

EquityPandit’s Outlook for Nifty for the week (Dec 16, 2019 - Dec 20, 2019): NIFTY: NIFTY 50 Index closed the week on positive note gaining 165.20 Points 1.39%. Weekly High: 12,098.85 Weekly Low: 11,832.30 Weekly Close: 12,086.70       Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11900 levels, whereas minor resistance on the upside is capped around 12175-12200 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 11750 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 12350. Currently nifty 50 index is

Positive Movement To Be Seen, Go Long If Nifty Closes Above 11991   Last Trading Session: Indian Stock Market opened positive exactly as predicted by EquityPandit. EquityPandit predicted that market would see further short covering and traders can initiate long positions if Nifty closes above 11991 levels but until then wait for the confirmation of the trend and exactly same happened. Indian Stock Market moved sharply positive. BankNifty have seen sharp positive movement and finally, Indian Stock Market closed gap positive for the day. Today: Indian Stock Market would open positive. Technically, BankNifty have entered into positive zone whereas Nifty is still in negative zone and would enter into positive zone once it closes above 11991 levels. Market would see further positive movement. Traders should close

Market To See Further Short Covering, Initiate Long If Nifty Closes Above 11991   Last Trading Session: Indian Stock Market opened flat with positive bias exactly as predicted. EquityPandit predicted that market is expected to see some sharp short covering rally (Positive rally) and hence traders should book profits in short positions while opening and go short again after the short covering rally and exactly same happened. Indian Stock Market opened flat and moved sharply positive on the account of short covering rally. Traders, who followed EquityPandit's advice to book profits in short positions and again go short after the positive rally, might have earned huge profits for the day. BankNifty saw highs right at EquityPandit's predicted resistance levels of 31340 like a dot. Finally, Indian Stock Market clo

Short Covering Expected But Market Bearish Until Nifty Holds Below 12009   Last Trading Session: Indian Stock Market opened flat for the day. EquityPandit predicted that market is still bearish and traders should go short at every positive movement in the market until it holds below 12105 and exactly same happened. Indian Stock Market moved sharply negative as predicted by EquityPandit. Traders, who followed EquityPandit's advice might have earned huge profits in these two days. Finally, Indian Stock Market closed gap negative for the day. Today: Indian Stock Market would open flat with positive bias. Analysis would still remain same. Indian Stock Market is still in negative zone. Market may see some short covering today but overall, market would still be considered bearish until it holds below 12009 for Ni

EquityPandit’s Outlook for Wipro for the week (Dec 09, 2019 - Dec 13, 2019): WIPRO: BSE: 507685 | NSE: WIPRO | ISIN: INE075A01022 | SECTOR: I.T. WIPRO Ltd. Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 239 levels, Minor resistance on the upside is capped around 248 levels. If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 232 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 254. Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the week as 270 on upside and 240

EquityPandit’s Outlook for HCL Tech for the week (Dec 09, 2019 - Dec 13, 2019) HCL TECHNOLOGIES: BSE: 532281 | NSE: HCLTECH | ISIN: INE860A01027| SECTOR: I.T.   HCL Technologies Ltd. Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1101 levels, Minor resistance on the upside is capped around 1147 levels. If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 1076 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 1169. Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range