Equityandit’s Outlook for Nifty for week (June 27, 2017 – June 30, 2017): NIFTY:     Nifty closed the week on negative note losing around 0.15%. As we have mentioned last week that minor resistance for the index lies in the zone of 9650 to 9680. Resistance for the index lies in the zone of 9730 to 9750. If the index manages to close above these levels then the index can move to the levels of 9880 to 9900. During the week the index manages to hit a high of 9699 and close the week around the levels of 9575. Minor support for the index lies in the zone of 9530 to 9550. Support for the index lies in the zone of 9400 to 9450 where break out levels and short term moving averages for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9200

Equityandit’s Outlook for Nifty for week (June 19, 2017 – June 23, 2017): NIFTY:     Nifty closed the week on negative note losing around 0.80%. As we have mentioned last week that minor support for the index lies in the zone of 9550 to 9600. Support for the index lies in the zone of 9350 to 9400 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where break out gap for the index is lying. During the week the index manages to hit a low of 9561 and close the week around the levels of 9588. Minor support for the index lies in the zone of 9530 to 9550. Support for the index lies in the zone of 9350 to 9400 where break out levels and short term moving averages for the index is lying. If the index

Equityandit’s Outlook for Nifty for week (June 12, 2017 – June 16, 2017): NIFTY:     Nifty closed the week on absolutely flat note. As we have mentioned last week that minor support for the index lies in the zone of 9550 to 9600. Support for the index lies in the zone of 9350 to 9400 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where break out gap for the index is lying. During the week the index manages to hit a low of 9608 and close the week around the levels of 9668. Minor support for the index lies in the zone of 9550 to 9600. Support for the index lies in the zone of 9350 to 9400 where break out levels for the index is lying. If the index manages to close below these levels then th

Equityandit’s Outlook for Nifty for week (June 05, 2017 – June 09, 2017): NIFTY:     Nifty closed the week on positive note gaining around 0.60%. As we have mentioned last week that minor support for the index lies in the zone of 9500 to 9520. Support for the index lies in the zone of 9350 to 9400 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where short term moving averages are lying. During the week the index manages to hit a low of 9548 and close the week around the levels of 9653. Minor support for the index lies in the zone of 9550 to 9600. Support for the index lies in the zone of 9350 to 9400 where break out levels for the index is lying. If the index manages to close below these

Equityandit’s Outlook for Nifty for week (May 29, 2017 – June 02, 2017): NIFTY:     Nifty closed the week on positive note gaining around 1.80%. As we have mentioned last week that minor support for the index lies in the zone of 9350 to 9380. Support for the index lies in the zone of 9200 to 9250 where the index had opened gap up 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 9070 to 9130 where Fibonacci levels. During the week the index manages to hit a low of 9341 and close the week around the levels of 9595. Minor support for the index lies in the zone of 9500 to 9520. Support for the index lies in the zone of 9350 to 9400 where break out levels for the index is lying. If the index manages to close bel

Equityandit’s Outlook for Nifty for week (May 22, 2017 – May 26, 2017): NIFTY:     Nifty closed the week on positive note gaining around 0.30%. As we have mentioned last week that minor support for the index lies in the zone of 9350 to 9380. Support for the index lies in the zone of 9200 to 9250 where the index had opened gap up. If the index manages to close below these levels then the index can drift to the levels of 9070 to 9130 where Fibonacci levels and short term moving averages are lying. During the week the index manages to hit a low of 9391 and close the week around the levels of 9428. Minor support for the index lies in the zone of 9350 to 9380. Support for the index lies in the zone of 9200 to 9250 where the index had opened gap up and short term moving averages are lying. If the

Equityandit’s Outlook for Nifty for week (May 15, 2017 – May 19, 2017): NIFTY:     Nifty closed the week on positive note gaining around 1.20%. As we have mentioned last week that minor resistance for the index lies in the zone of 9340 to 9360. Resistance for the index lies in the zone of 9420 to 9460 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 9600. During the week the index manages to hit a high of 9451 and close the week around the levels of 9401. Minor support for the index lies in the zone of 9350 to 9380. Support for the index lies in the zone of 9200 to 9250 where the index had opened gap up. If the index manages to close below these levels then the index can drift to the levels of 9070 to 9130 where Fi

Equityandit’s Outlook for Nifty for week (May 08, 2017 – May 12, 2017): NIFTY:     Nifty closed the week on negative note losing around 0.20%. As we have mentioned last week that minor support for the index lies in the zone of 9250 to 9270. Support for the index lies in the zone of 9170 to 9220 from where the index has opened gap up. If the index manages to close below these levels then the index can drift to the levels of around 9020 to 9070 where lows for the month of April-2017 and the index has opened gap up. During the week the index manages to hit a low of 9270 and close the week around the levels of 9285. Minor support for the index lies in the zone of 9250 to 9270. Support for the index lies in the zone of 9170 to 9220 from where the index has opened gap up. If the index manages to

Equityandit’s Outlook for Nifty for week (May 02, 2017 – May 05, 2017): NIFTY:     Nifty closed the week on positive note gaining around 2.00%. As we have mentioned last week that minor resistance for the index lies in the zone of 9170 to 9200. Resistance for the index lies in the zone of 9220 to 9250 from where the index sold off on intraday basis. If the index manages to close above these levels then the index can move to the levels of around 9300 to 9350. During the week the index manages to hit a high of 9367 and close the week around the levels of 9304. Minor support for the index lies in the zone of 9250 to 9270. Support for the index lies in the zone of 9170 to 9220 from where the index has opened gap up. If the index manages to close below these levels then the index can drift to t

Equityandit’s Outlook for Nifty for week (April 24, 2017 – April 28, 2017): NIFTY:     Nifty closed the week on negative note losing around 0.30%. As we have mentioned last week that minor resistance for the index lies in the zone of 9220 to 9240. Resistance for the index lies in the zone of 9270 to 9300. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying. During the week the index manages to hit a high of 9218 and close the week around the levels of 9119. Minor support for the index lies in the zone of 9070 to 9080. Support for the index lies in the zone of 9020 to 9050 where the index has formed a short term bottom. If the index manages to close below these levels then the index can drift to the levels

Equityandit’s Outlook for Nifty for week (April 17, 2017 – April 21, 2017): NIFTY:     Nifty closed the week on negative note losing around 0.50%. As we have mentioned last week that minor resistance for the index lies in the zone of 9220 to 9240. Resistance for the index lies in the zone of 9270 to 9300. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying. During the week the index manages to hit a high of 9246 and close the week around the levels of 9151. Minor support for the index lies in the zone of 9120 to 9140. Support for the index lies in the zone of 9020 to 9050 where the index has formed a short term bottom. If the index manages to close below these levels then the index can drift to the levels

Equityandit’s Outlook for Nifty for week (April 10, 2017 – April 13, 2017): NIFTY:     Nifty closed the week on positive note gaining around 0.30%. As we have mentioned last week that minor resistance for the index lies in the zone of 9150 to 9180. Resistance for the index lies in the zone of 9220 to 9250 where the index has formed a top in the month of March-2017. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying. During the week the index manages to hit a high of 9274 and close the week around the levels of 9198. Minor support for the index lies in the zone of 9120 to 9140. Support for the index lies in the zone of 9020 to 9050 where the index has formed a short term bottom. If the index manages to clo

Equityandit’s Outlook for Nifty for week (April 03, 2017 – April 07, 2017): NIFTY:     Nifty closed the week on positive note gaining around 0.70%. As we have mentioned last week that minor resistance for the index lies in the zone of 9150 to 9180. Resistance for the index lies in the zone of 9220 to 9250 where the index has formed a short term top. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying. During the week the index manages to hit a high of 9192 and close the week around the levels of 9169. Minor support for the index lies in the zone of 9100 to 9130. Support for the index lies in the zone of 9020 to 9050 where the index has formed a short term bottom. If the index manages to close below these

Equityandit’s Outlook for Nifty for week (March 27, 2017 – March 31, 2017): NIFTY:     Nifty ended the week on negative note losing around 0.60%. As we have mentioned last week that support for the index lies in the zone of 9080 to 9120 from where the index broke out of the previous highs. If the index manages to close below these levels then the index can drift to the levels of 8950 to 8980 levels where the index has formed a gap. During the week the index manages to hit a low of 9019 and close the week around the levels of 9108. Minor support for the index lies in the zone of 9050 to 9070. Support for the index lies in the zone of 8950 to 8980 where the index has formed a gap. If the index manages to close below these levels then the index can drift to the levels of 8820 to 8850 where the

Equityandit’s Outlook for Nifty for week (March 20, 2017 – March 24, 2017): NIFTY:     Nifty ended 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 8970 to 9000 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9080 to 9120 where life time highs for the index is lying. During the week the index manages to hit a high of 9218 and close the week around the levels of 9160. Support for the index lies in the zone of 9080 to 9120 from where the index broke out of the previous highs. If the index manages to close below these levels then the index can drift to the levels of 8950 to 8980 levels where the index has formed

Equityandit’s Outlook for Nifty for week (March 14, 2017 – March 17, 2017): NIFTY:     Nifty ended the week on positive note gaining around 0.40%. As we have mentioned last week that minor support for the index lies in the zone of 8850 to 8870. Support for the index lies in the zone of 8780 to 8810 where the index had opened gap up. If the index manages to close below these levels then the index can drift of 8600 to 8650 from where the index broke out of January-2017 highs. During the week the index manages to hit a low of 8892 and close the week around the levels of 8935. Minor support for the index lies in the zone of 8850 to 8870. Support for the index lies in the zone of 8780 to 8810 where the index had opened gap up. If the index manages to close below these levels then the index can d

Equityandit’s Outlook for Nifty for week (March 06, 2017 – March 10, 2017): NIFTY:     Nifty ended the week on negative note losing around 0.50%. As we have mentioned last week that minor support for the index lies in the zone of 8840 to 8880. Support for the index lies in the zone of 8780 to 8810 where the index had opened gap up. If the index manages to close below these levels then the index can drift of 8600 to 8650 from where the index broke out of January-2017 highs. During the week the index manages to hit a low of 8860 and close the week around the levels of 8898. Minor support for the index lies in the zone of 8850 to 8870. Support for the index lies in the zone of 8780 to 8810 where the index had opened gap up. If the index manages to close below these levels then the index can dr

Equityandit’s Outlook for Nifty for week (February 27, 2017 – March 03, 2017): NIFTY:     Nifty ended the week on positive note gaining around 1.30%. As we have mentioned last week that minor resistance for the index lies in the zone of 8800 to 8820. Resistance for the index lies in the zone of 8900 to 8950 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9050 to 9100 where life time highs for the index is lying. During the week the index manages to hit a high of 8982 and close the week around the levels of 8939. Minor support for the index lies in the zone of 8840 to 8880. Support for the index lies in the zone of 8780 to 8810 where the index had opened gap up. If the index manages to c

EquityPandit’s Outlook for Nifty for week (February 20, 2017 – February 24, 2017): NIFTY:     Nifty ended the week on positive note gaining around 0.30%. As we have mentioned last week that minor support for the index lies in the zone of 8680 to 8720. Support for the index lies in the zone of 8460 to 8510 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift of 8280 to 8330 from where the index broke out of the declining trend-line and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 8100 to 8150 where Fibonacci levels and highs of December-2016 are lying. During the week the index manages to hit a low of 8713 and close the week around the levels of 8822. Minor support for

EquityPandit’s Outlook for Nifty for week (February 13, 2017 – February 17, 2017): NIFTY:     Nifty ended the week on positive note gaining around 0.60%. As we have mentioned last week that minor resistance for the index lies in the zone of 8800 to 8820. Resistance for the index lies in the zone of 8900 to 8950 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9050 to 9100 where life time highs for the index is lying. During the week the index manages to hit a hit of 8822 and close the week around the levels of 8794. Minor support for the index lies in the zone of 8680 to 8720. Support for the index lies in the zone of 8460 to 8510 where Fibonacci levels are lying. If the index manages to

EquityPandit’s Outlook for Nifty for week (February 06, 2017 – February 10, 2017): NIFTY:     Nifty ended the week on positive note gaining around 1.20%. As we have mentioned last week that resistance for the index lies in the zone of 8680 to 8720 from where the index sold off in the month of October-2016. If the index manages to close above these levels then the index can move to the levels of 8880 to 8920. During the week the index manages to hit a high of 8758 and close the week around the levels of 8741. Minor support for the index lies in the zone of 8650 to 8680. Support for the index lies in the zone of 8460 to 8510 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift of 8280 to 8320 from where the index broke out of the de

EquityPandit’s Outlook for Nifty for week (January 30, 2017 – February 03, 2017): NIFTY:     Nifty ended the week on positive note gaining around 3.50%. As we have mentioned last week that resistance for the index lies in the zone of 8460 to 8510 where Fibonacci ratio, gap on gap down opening on 11/11/2016 is lying. If the index manages to close above these levels then the index can move to the levels of 8680 to 8720 from where the index sold off in the month of October-2016. During the week the index manages to hit a high of 8673 and close the week around the levels of 8641. Support for the index lies in the zone of 8460 to 8510 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift of 8280 to 8320 from where the index broke out o

EquityPandit’s Outlook for Nifty for week (January 23, 2017 – January 27, 2017): NIFTY:     Nifty ended the week on negative note losing around 0.60%. As we have mentioned last week that Resistance for the index lies in the zone of 8460 to 8510 where Fibonacci ratio, gap on gap down opening on 11/11/2016 is lying. If the index manages to close above these levels then the index can move to the levels of 8680 to 8720 from where the index sold off in the month of October-2016. During the week the index manages to hit a high of 8460 and close the week around the levels of 8349. Support for the index lies in the zone of 8280 to 8320 from where the index broke out of the declining trend-line and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drif

EquityPandit’s Outlook for Nifty for week (January 16, 2017 – January 20, 2017): NIFTY:     Nifty ended the week on positive note gaining around 1.90%. As we have mentioned last week that major resistance for the index lies in the zone of 8280 to 8320 where declining trend-line joining highs of 07/09/2016, 23/09/2016 and 24/10/2016 and 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 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying. During the week the index manages to hit a high of 8461 and close the week around the levels of 8400. Support for the index lies in the zone of 8280 to 8320 from where the index broke out of the declining trend-line and 200 Daily SMA is l

EquityPandit’s Outlook for Nifty for week (January 09, 2017 – January 13, 2017): NIFTY:     Nifty ended the week on positive note gaining around 0.70%. As we have mentioned last week that resistance for the index lies in the zone of 8250 to 8300 where the index has form a right shoulder of the H & S pattern and 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 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying. During the week the index manages to hit a high of 8307 and close the week around the levels of 8244. Minor support for the index lies in the zone of 8200 to 8220. Support for the index lies in the zone of 8080 to 8100 from where the index broke out on intrad

EquityPandit’s Outlook for Nifty for week (January 02, 2017 – January 06, 2017): NIFTY:     Nifty ended the week on positive note gaining around 2.50%. As we have mentioned last week that support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500 to 7700. During the week the index manages to hit a low of 7894 and close the week around the levels of 8186. Minor support for the index lies in the zone of 8080 to 8120. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent pa

EquityPandit’s Outlook for Nifty for week (December 26, 2016 – December 30, 2016): NIFTY:     Nifty ended the week on negative note losing around 1.90%. As we have mentioned last week that minor support for the index lies in the zone of 8100 to 8150 on intraday basis. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500. During the week the index manages to hit a low of 7942 and close the week around the levels of 7986. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times i

EquityPandit’s Outlook for Nifty for week (December 19, 2016 – December 23, 2016): NIFTY:     Nifty ended the week on negative note losing around 1.48%. As we have mentioned last week that minor support for the index lies in the zone of 8100 to 8150 on intraday basis. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500. During the week the index manages to hit a low of 8122 and close the week around the levels of 8139. Minor support for the index lies in the zone of 8100 to 8150 on intraday basis. Support for the index lies in th

EquityPandit’s Outlook for Nifty for week (December 12, 2016 – December 16, 2016): NIFTY:     Nifty ended the week on positive note gaining around 2.20%. As we have mentioned last week that resistance for the index lies in the zone of 8250 to 8300 where the index can form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying. During the week the index manages to hit a high of 8275 and close the week around the levels of 8262. Minor support for the index lies in the zone of 8100 to 8150 on intraday basis. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past an

EquityPandit’s Outlook for Nifty for week (December 05, 2016 – December 09, 2016): NIFTY:     Nifty ended the week on negative note losing around 0.30%. As we have mentioned last week that resistance for the index lies in the zone of 8250 to 8300 where the index can form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying. So it may be possible that the index can bounce from these levels of 8000 to 8300 to complete the right shoulder. During the week the index manages to hit a high of 8251 and close the week around the levels of 8087. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounce

EquityPandit’s Outlook for Nifty for week (November 28, 2016 – December 02, 2016): NIFTY:     Nifty ended the week on positive note gaining around 0.50%. As we have mentioned last week that the index has closed just below the 200 Daily SMA. Support for the index lies in the zone of 8000 to 8100 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500. During the week the index manages to hit a low of 7916 and close the week around the levels of 8114. The index has closed just below the 200 Daily SMA. Support for the index lies in the zone of 7900 to 8000 levels from where the index has b

EquityPandit’s Outlook for Nifty for week (November 21, 2016 – November 25, 2016): NIFTY:     Nifty ended the week on negative note losing around 2.70%. As we have mentioned last week that support for the index lies in the zone of 8000 to 8200 levels where long term moving averages are lying and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500. During the week the index manages to hit a low of 8048 and close the week around the levels of 8074. The index has closed just below the 200 Daily SMA. Support for the index lies in the zone of 8000 to 8100 levels from where the index has bounced couple of times in recent past and this range is the strong support

EquityPandit’s Outlook for Nifty for week (November 15, 2016 – November 18, 2016): NIFTY:     Nifty ended the week on negative note losing around 1.60%. As we have mentioned last week that the index has broken the trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500 to 8550. Support for the index lies in the zone of 8350 to 8400 where the index has formed a gap on 11/07/2016. If the index breaks below these levels on closing basis then the index can drift to the levels of 8000 to 8100 levels where long term moving averages are lying. It seems the index has formed a H & S pattern where neckline lies around the levels of 8500 to 8550. If the index has broken this pattern then the target for this can be in the range of 8100. During the

EquityPandit’s Outlook for Nifty for week (November 07, 2016 – November 11, 2016): NIFTY:     Nifty ended the week on negative note losing around 2.20%. As we have mentioned last week that minor resistance for the index lies in the zone of 8680 to 8720. Resistance for the index lies in the zone of 8810 to 8850 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September - 2016. During the week the index manages to hit a high of 8670 and close the week around the levels of 8434. The index has broken the trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500 to 8550. Support for the index lies in the zone

EquityPandit’s Outlook for Nifty for week (November 01, 2016 – November 04, 2016): NIFTY:     Nifty ended the week on negative note losing around 0.60%. As we have mentioned last week that minor resistance for the index lies in the zone of 8650 to 8700. Resistance for the index lies in the zone of 8810 to 8850 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September - 2016. During the week the index manages to hit a high of 8737 and close the week around the levels of 8638. Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July - 2016 and August - 2016. The trend-line joining the lows of March, A

EquityPandit’s Outlook for Nifty for week (October 24, 2016 – October 28, 2016): NIFTY:     Nifty ended the week on positive note gaining around 1.30%. As we have mentioned last week that support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July - 2016 and August - 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of 8350 and then 8000 levels can also be not ruled out. During the week the index manages to hit a low of 8506 and close the week around the levels of 8693. Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in

EquityPandit’s Outlook for Nifty for week (October 17, 2016 – October 21, 2016): NIFTY:     Nifty ended the week on negative note losing around 1.30%. As we have mentioned last week that Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July - 2016 and August - 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500. If the index manages to break this trend-line, the up-trend in which the index is moving since March will be broken and we can see the index drifting lower. During the week the index manages to hit a low of 8541 and close the week around the levels of 8583. Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of J

EquityPandit’s Outlook for Nifty for week (October 10, 2016 – October 14, 2016): NIFTY:     Nifty ended the week on positive note gaining around 1.00%. As we have mentioned last week that resistance for the index lies in the zone of 8680 to 8720 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September - 2016. During the week the index manages to hit a high of 8807 and close the week around the levels of 8697. Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July - 2016 and August - 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500.

EquityPandit’s Outlook for Nifty for week (October 03, 2016 – October 07, 2016): NIFTY:     Nifty ended the week on negative note losing around 2.50%. As we have mentioned last week that support for the index lies in the zone of 8680 to 8710 from where the index broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where short term moving averages are lying. During the week the index manages to hit a low of 8555 and close the week around the levels of 8611. Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July - 2016 and August - 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500. If

EquityPandit’s Outlook for Nifty for week (September 26, 2016 – September 30, 2016): NIFTY:     Nifty ended the week on positive note gaining around 0.60%. As we have mentioned last week that support for the index lies in the zone of 8680 to 8710 from where the index broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where short term moving averages are lying. During the week the index manages to hit a low of 8757 and close the week around the levels of 8831. Support for the index lies in the zone of 8680 to 8710 from where the index broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where short term moving averages

EquityPandit’s Outlook for Nifty for week (September 19, 2016 – September 23, 2016): NIFTY:     Nifty ended the week on negative note losing around 1.00%. As we have mentioned last week that minor support for the index lies in the zone of 8800. Support for the index lies in the zone of 8700 to 8730 from where the index broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where short term moving averages are lying. During the week the index manages to hit a low of 8689 and close the week around the levels of 8780. Support for the index lies in the zone of 8680 to 8710 from where the index broke out of the short term top. If the index manages to close below these levels then the index can drift to the le

EquityPandit’s Outlook for Nifty for week (September 12, 2016 – September 16, 2016): NIFTY:     Nifty ended the week on positive note gaining around 0.60%. As we have mentioned last week that Resistance for the index lies in the zone of 8800 to 8850. If the index manages to close above these levels then the index can move to the levels of 9000 to 9100 where life time high for the index is lying. During the week the index manages to hit a high of 8969 and close the week around the levels of 8867. Minor support for the index lies in the zone of 8800. Support for the index lies in the zone of 8700 to 8730 from where the index broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where short term moving ave

EquityPandit’s Outlook for Nifty for week (September 06, 2016 – September 09, 2016): NIFTY:     Nifty ended the week on positive note gaining around 2.80%. As we have mentioned last week that resistance for the index lies in the zone of 8700 to 8750 levels where the index has made a short term top. 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 8824 and close the week around the levels of 8810. Minor support for the index lies in the zone of 8700 to 8720. Support for the index lies in the 8580 to 8620 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8350 to 8400 where the index has created a ga

EquityPandit’s Outlook for Nifty for week (August 29, 2016 – September 02, 2016): NIFTY:     Nifty ended the week on negative note losing around 1.10%. As we have mentioned last week that minor support for the index lies in the zone of 8550 to 8600. Support for the index lies in the zone of 8350 to 8400 where the index has created the gap up opening on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8250 where medium term moving averages are lying. During the week the index manages to hit a low of 8547 and close the week around the levels of 8573. Support for the index lies in the zone of 8350 to 8400 where the index has created the gap up opening on 11/07/2016. If the index manages to close below these levels then the ind

EquityPandit’s Outlook for Nifty for week (August 22, 2016 – August 26, 2016): NIFTY:     Nifty ended the week on absolutely flat note. As we have mentioned last week that resistance for the index lies in the zone of 8700 to 8750 levels where the index has made a short term top. 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 8697 and close the week around the levels of 8667. Minor support for the index lies in the zone of 8550 to 8600. Support for the index lies in the zone of 8350 to 8400 where the index has created the gap up opening on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8250 where medium term moving a

EquityPandit’s Outlook for Nifty for week (August 16, 2016 – August 19, 2016): NIFTY:     Nifty ended the week on absolutely flat note. As we have mentioned last week that minor support for the index lies in the zone of 8500 to 8550. Support for the index lies in the zone of 8350 to 8400 where the index has created the gap up opening on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8100 to 8150 where medium term moving averages are lying. During the week the index manages to hit a low of 8540 and close the week around the levels of 8672. Minor support for the index lies in the zone of 8500 to 8550. Support for the index lies in the zone of 8350 to 8400 where the index has created the gap up opening on 11/07/2016. If the index ma

EquityPandit’s Outlook for Nifty for week (August 08, 2016 – August 12, 2016): NIFTY:     Nifty ended 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 8600 to 8650 levels from where the index has sold off in the month of July - 2015. 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 8711 and close the week around the levels of 8683. Minor support for the index lies in the zone of 8500 to 8550. Support for the index lies in the zone of 8350 to 8400 where the index has created the gap up opening on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8100

EquityPandit’s Outlook for Nifty for week (August 01, 2016 – August 05, 2016): NIFTY:     Nifty ended the week on positive note gaining around 1.10%. As we have mentioned last week that resistance for the index lies in the zone of 8600 to 8650 levels from where the index has sold off in the month of July - 2015. 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 a high of 8675 and close the week around the levels of 8638. Minor support for the index lies in the zone of 8580 to 8600. Support for the index lies in the zone of 8350 to 8400 where the index has created the gap up opening on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8100 to 8

EquityPandit’s Outlook for Nifty for week (July 22, 2016 – July 29, 2016): NIFTY:     Nifty ended the week on absolutely flat note. As we have mentioned last week that resistance for the index lies in the zone of 8600 to 8650 levels from where the index has sold off in the month of July - 2015. 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 8587 and close the week around the levels of 8541. Minor support for the index lies in the zone of 8350 to 8400 where the index has created the gap on gap up opening on 11/07/2016. Support for the index lies in the zone of 8200 to 8250 where short term moving averages are lying. If the index manages to close below these levels then the index

EquityPandit’s Outlook for Nifty for week (July 18, 2016 – July 22, 2016): NIFTY:     Nifty ended the week on positive note gaining around 2.60%. As we have mentioned last week that resistance for the index lies in the zone of 8340 to 8360 where the index has created the gap on gap down opening in the month of Aug - 2015. If the index manages to close above these levels then the index can move to the levels of 8600 to 8650 levels. During the week the index manages to hit a high of 8595 and close the week around the levels of 8541. Minor support for the index lies in the zone of 8350 to 8400 where the index has created the gap on gap up opening on 11/07/2016. Support for the index lies in the zone of 8200 to 8250 where short term moving averages are lying. If the index manages to close

EquityPandit’s Outlook for Nifty for week (July 11, 2016 – July 15, 2016): NIFTY:   Nifty ended the week on absolutely flat note. As we have mentioned last week that minor support for the index lies in the zone of 8220 to 8250. Support for the index lies in the zone of 8000 from where the index has broken out from the triple top formation. If the index manages to close below these levels then the index can drift to the levels of 7770 to 7800 where 200 Daily SMA is lying. During the week the index manages to hit a low of 8287 and close the week around the levels of 8323. Minor support for the index lies in the zone of 8220 to 8250. Support for the index lies in the zone of 8000 from where the index has broken out from the triple top formation. If the index manages to close below these levels t

EquityPandit’s Outlook for Nifty for week (July 04, 2016 – July 08, 2016): NIFTY:     Nifty ended the week on positive note gaining around 3.00%. As we have mentioned last week that support for the index lies in the zone of 8000 from where the index has broken out from the triple top formation. If the index manages to close below these levels then the index can drift to the levels of 7770 to 7800 where 200 Daily SMA is lying. During the week the index manages to hit a low of 8039 and close the week around the levels of 8328. Minor support for the index lies in the zone of 8220 to 8250. Support for the index lies in the zone of 8000 from where the index has broken out from the triple top formation. If the index manages to close below these levels then the index can drift to the level

EquityPandit’s Outlook for Nifty for week (June 27, 2016 – July 01, 2016): NIFTY:     Nifty ended 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 8280 to 8340 where the index has created the gap on gap down opening in the month of Aug - 2015. If the index manages to close above these levels then the index can move to the levels of 8600 to 8650 levels. During the week the index manages to hit a high of 8285 and close the week around the levels of 8089. Support for the index lies in the zone of 8000 from where the index has broken out from the triple top formation. If the index manages to close below these levels then the index can drift to the levels of 7770 to 7800 where 200 Daily SMA is lying. Resista

EquityPandit’s Outlook for Nifty for week (June 20, 2016 – June 24, 2016): NIFTY:     Nifty ended the week on negative note losing around 0.20%. As we have mentioned last week that support for the index lies in the zone of 8000 from where the index has broken out from the triple top formation. If the index manages to close below these levels then the index can drift to the levels of 7800 where 200 Daily SMA is lying. During the week the index manages to hit a low of 8076 and close the week around the levels of 8174. Support for the index lies in the zone of 8000 from where the index has broken out from the triple top formation. If the index manages to close below these levels then the index can drift to the levels of 7800 where 200 Daily SMA is lying. Resistance for the index lies

EquityPandit’s Outlook for Nifty for week (June 13, 2016 – June 17, 2016): NIFTY:     Nifty ended the week on negative note losing around 0.60%. As we have mentioned last week that resistance for the index lies in the zone of 8250 to 8300 from where the index has sold off in the month of Oct - 2015. If the index manages to close above these levels then the index can move to the levels of 8600 to 8650 levels. During the week the index manages to hit a high of 8295 and close the week around the levels of 8170. Support for the index lies in the zone of 8000 from where the index has broken out from the triple top formation. If the index manages to close below these levels then the index can drift to the levels of 7800 where 200 Daily SMA is lying. Resistance for the index lies in the z

EquityPandit’s Outlook for Nifty for week (June 06, 2016 – June 10, 2016): NIFTY:     Nifty ended the week on positive note gaining around 0.80%. As we have mentioned last week that resistance for the index lies in the zone of 8250 to 8300 from where the index has sold off in the month of Oct - 2015. If the index manages to close above these levels then the index can move to the levels of 8600 to 8650 levels. During the week the index manages to hit a high of 8262 and close the week around the levels of 8221. Support for the index lies in the zone of 8000 from where the index has broken out from the triple top formation. If the index manages to close below these levels then the index can drift to the levels of 7800 where 200 Daily SMA is lying. Resistance for the index lies in the

EquityPandit’s Outlook for Nifty for week (May 30, 2016 – June 03, 2016): NIFTY:     Nifty ended the week on positive note gaining around 5.30%. As we have mentioned last week that the index has closed around the resistance zone of 7820 where 200 Daily SMA is lying. Resistance for the index lies in the zone of 7950 to 8000 where 500 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 8200. During the week the index manages to hit a high of 8164 and close the week around the levels of 8157. Support for the index lies in the zone of 8000 from where the index has broken out from the triple top formation. If the index manages to close below these levels then the index can drift to the levels of 7800 where 200 Daily SMA is lying.

EquityPandit’s Outlook for Nifty for week (May 23, 2016 – May 27, 2016): NIFTY:     Nifty ended the week on negative note losing around 0.80%. As we have mentioned last week that the index has closed around the resistance zone of 7820 where 200 Daily SMA is lying. Resistance for the index lies in the zone of 7950 to 8000 where 500 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 8200. During the week the index manages to hit a high of 7940 and close the week around the levels of 7750. Minor support for the index lies in the zone of 7700 to 7750. Support for the index lies in the zone of 7500 to 7550 from where the index has broken down after making the double bottom pattern and 100 Daily SMA is lying. If the index manages to

EquityPandit’s Outlook for Nifty for week (May 16, 2016 – May 20, 2016): NIFTY:     Nifty ended the week on positive note gaining around 1.00%. As we have mentioned last week that resistance for the index lies in the zone of 7800 where 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 7950 to 8000 where 500 Daily SMA is lying. During the week the index manages to hit a high of 7916 and close the week around the levels of 7814. Minor support for the index lies in the zone of 7700 to 7750. Support for the index lies in the zone of 7500 to 7550 from where the index has broken down after making the double bottom pattern and 100 Daily SMA is lying. If the index manages to close below these levels then the index can drift to th

EquityPandit’s Outlook for Nifty for week (May 09, 2016 – May 13, 2016): NIFTY:     Nifty ended 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 7850 where 200 Daily SMA is lying. Minor support for the index lies in the zone of 7730 to 7780 where the index has opened gap up on 13/04/2016. If the index manages to close below these levels then the index can drift to the levels of 7500 to 7550 from where the index has broken down after making the double bottom pattern and 100 Daily SMA is lying. During the week the index manages to hit a low of 7678 and close the week around the levels of 7735. Support for the index lies in the zone of 7500 to 7550 from where the index has broken down after making the double bot

EquityPandit’s Outlook for Nifty for week (May 02, 2016 – May 06, 2016): NIFTY:     Nifty ended the week on negative note losing around 0.70%. As we have mentioned last week that the index has closed around the strong resistance zone of 7950 to 8000 where 500 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 8100 where trend-line joining earlier highs is lying. During the week the index manages to hit a high of 7992 and close the week around the levels of 7845. Support for the index lies in the zone of 7850 where 200 Daily SMA is lying. Minor support for the index lies in the zone of 7730 to 7780 where the index has opened gap up on 13/04/2016. If the index manages to close below these levels then the index can drift to the

EquityPandit’s Outlook for Nifty for week (April 25, 2016 – April 29, 2016): NIFTY:     Nifty ended the week on positive note gaining around 0.70%. As we have mentioned last week that the index has closed around the resistance zone of 7900 to 7950 where 200 & 500 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 8100 where trend-line joining earlier highs is lying. During the week the index manages to hit a high of 7978 and close the week around the levels of 7900. Support for the index lies in the zone of 7850 where 200 Daily SMA is lying. Minor support for the index lies in the zone of 7700 to 7750 where the index has opened gap up on 13/04/2016. If the index manages to close below these levels then the index can drift

EquityPandit’s Outlook for Nifty for week (April 18, 2016 – April 22, 2016): NIFTY:     Nifty ended the week on positive note gaining around 3.90%. As we have mentioned last week that support for the index lies in the zone of 7500 to 7550 from where the index has broken down after making the double bottom pattern and 100 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7400 where the index has opened with the gap up on 03/03/2016 and short term moving averages are lying. During the week the index manages to hit a low of 7517 and bounce to close the week around the levels of 7850. Minor support for the index lies in the zone of 7700 to 7750 where the index has opened gap up on 13/04/2016. Support for the index lies in the zo

EquityPandit’s Outlook for Nifty for week (April 11, 2016 – April 13, 2016): NIFTY:     Nifty ended the week on negative note losing around 2.00%. As we have mentioned last week that support for the index lies in the zone of 7500 to 7600 from where the index has broken down after making the double bottom pattern and 100 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7400 where the index has opened with the gap up on 03/03/2016 and short term moving averages are lying. During the week the index manages to hit a low of 7527 and close the week around the levels of 7558. Support for the index lies in the zone of 7500 to 7550 from where the index has broken down after making the double bottom pattern and 100 Daily SMA is lying

EquityPandit’s Outlook for Nifty for week (April 04, 2016 – April 08, 2016): NIFTY:     Nifty ended the week on absolutely flat note. As we have mentioned last week that support for the index lies in the zone of 7500 to 7600 from where the index has broken down after making the double bottom pattern and 100 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 7400 where the index has opened with the gap up on 03/03/2016 and short term moving averages are lying. During the week the index manages to hit a low of 7582 and close the week around the levels of 7713. Support for the index lies in the zone of 7500 to 7600 from where the index has broken down after making the double bottom pattern and 100 Daily SMA is lying. If the ind

EquityPandit’s Outlook for Nifty for week (March 28, 2016 – April 01, 2016): NIFTY:     Nifty ended 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 7500 from where the index has broken down after making the double bottom pattern. If the index manages to close below this levels then the index can drift to the levels of 7400 where the index has opened with the gap up on 03/03/2016 and short term moving averages are lying. During the week the index manages to hit a low of 7617 and bounce to close the week around the levels of 7716. Support for the index lies in the zone of 7500 to 7600 from where the index has broken down after making the double bottom pattern and 100 Daily SMA is lying. If the index manages t

EquityPandit’s Outlook for Nifty for week (March 21, 2016 – March 23, 2016): NIFTY:     Nifty ended the week on positive note gaining around 1.20%. As we have mentioned last week that index has closed around the resistance zone of 7500 to 7550 from where the index has broken down after making the double bottom pattern. If the index manages to close above this levels then the index can move to the levels of 7700 where 100 Daily SMA is lying. During the week the index manages to hit a high of 7615 and close at around the highest levels. Support for the index lies in the zone of 7500 from where the index has broken down after making the double bottom pattern. If the index manages to close below this levels then the index can drift to the levels of 7400 where the index has opened with the

EquityPandit’s Outlook for Nifty for week (March 14, 2016 – March 18, 2016):   NIFTY:     Nifty ended the week on positive note gaining around 0.40%. As we have mentioned last week that index has closed around the resistance zone of 7500 from where the index has broken down after making the double bottom pattern. If the index manages to close above this levels then the index can move to the levels of 7700 where 100 Daily SMA is lying. During the week the index manages to hit a high of 7547 and close the week around the levels of 7514. Support for the index lies in the zone of 7230 to 7280 from where the index has broken out of the short term top. If the index manages to close below this levels then the index can drift to the levels of 6900 where channel support for the index i

EquityPandit’s Outlook for Nifty for week (March 08, 2016 – March 11, 2016):   NIFTY:       Nifty ended the week on positive note gaining around 6.70%. As we have mentioned last week that resistance for the index lies in the zone of 7240 where the index has formed a previous bottom. If the index manages to close above this levels then the index can move to the levels of 7500 from where the index has broken down after making the double bottom. During the week the index manages to hit a high of 7506 and close the week around the highest levels. Support for the index lies in the zone of 7230 to 7280 from where the index has broken out of the short term top. If the index manages to close below this levels then the index can drift to the levels of 6900 where channel support

EquityPandit’s Outlook for Nifty for week (February 29, 2016 – March 04, 2016):   NIFTY:     Nifty ended the week on negative note losing around 2.40%. As we have mentioned last week that resistance for the index lies in the zone of 7240 where the index has formed a previous bottom. If the index manages to close above this levels then the index can move to the levels of 7500 from where the index has broken down after making the double bottom. During the week the index manages to hit a high of 7252 and sold off to close the week around the levels of 7036. Support for the index lies in the zone of 6950 to 7000 where the index has formed a short term bottom. If the index manages to close below this levels then the index can drift to the levels of 6700 where 1000 Daily SMA and 200

EquityPandit’s Outlook for Nifty for week (February 22, 2016 – February 26, 2016):   NIFTY:     Nifty ended the week on positive note gaining around 3.20%. As we have mentioned last week that resistance for the index lies in the zone of 7240 where the index has formed a previous bottom. If the index manages to close above this levels then the index can move to the levels of 7500 from where the index has broken down after making the double bottom. During the week the index manages to hit a high of 7227 and close the week around the levels of 7210. Support for the index lies in the zone of 7000 where the index has formed a short term bottom. If the index manages to close below this levels then the index can drift to the levels of 6700 where 1000 Daily SMA and 200 Weekly SMA are

EquityPandit’s Outlook for Nifty for week (February 15, 2016 – February 19, 2016):   NIFTY:     Nifty ended the week on negative note losing around 5.80%. As we have mentioned last week that support for the index lies in the zone of 7100 to 7200 where the lower end of the channel is positioned. If the index manages to close below this levels then the index can drift to the levels of 6700 where 1000 Daily SMA and 200 Weekly SMA are positioned. During the week the index manages to hit a low of 6869 and close around the levels of 6970. Support for the index lies in the zone of 6700 where 1000 Daily SMA and 200 Weekly SMA are positioned. If the index manages to close below this levels then the index can drift to the levels of 6350 from where the index has broken out. Resistance

EquityPandit’s Outlook for Nifty for week (February 08, 2016 – February 12, 2016):   NIFTY:     Nifty ended the week on negative note losing around 0.80%. As we have mentioned last week that resistance for the index lies in the zone of 7550 to 7600 where the index has broken down from the double bottom pattern. If the index manages to close above this levels then the index can move to the levels of 7650 to 7700 where the index has formed a gap on 07/01/2016 on gap down opening. During the week the index manages to hit a high of 7600 and retraced to close the week around the levels of 7500. Minor support for the index lies in the zone of 7350 to 7400. Support for the index lies in the zone of 7100 to 7200 where the lower end of the channel is positioned which is supporting the

EquityPandit’s Outlook for Nifty for week (February 01, 2016 – February 05, 2016):   NIFTY:     Nifty ended 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 7550 to 7600 where the index has broken down from the double bottom pattern. If the index manages to close above this levels then the index can move to the levels of 7650 to 7700 where the index has formed a gap on 07/01/2016 on gap down opening. During the week the index manages to hit a high of 7575 and virtually close at the highest levels. Minor support for the index lies in the zone of 7380 to 7420. Support for the index lies in the zone of 7100 to 7200 where the lower end of the channel is positioned which is supporting the index on every

EquityPandit’s Outlook for Nifty for week (January 25, 2016 – January 29, 2016):   NIFTY:     Nifty ended the week on absolutely flat note. As we have mentioned last week that support for the index lies in the zone of 7100 to 7200 where the lower end of the channel is positioned which is supporting the index on every downfall since the month of February - 2015. If the index manages to close below this levels then the index can drift to the levels of 6700 where 1000 Daily SMA and 200 Weekly SMA are positioned. During the week the index manages to hit a low of 7241 and bounce to close the week around the levels of 7422. Support for the index lies in the zone of 7100 to 7200 where the lower end of the channel is positioned which is supporting the index on every downfall since the

EquityPandit’s Outlook for Nifty for week (January 18, 2016 – January 22, 2016):   NIFTY:     Nifty ended the week on negative note losing around 2.20%. As we have mentioned last week that support for the index lies in the zone of 7500 to 7550 where the index has formed a medium term bottom. If the index manages to close below this levels then the index can drift to the levels of 7100 to 7200 where the lower end of the channel is positioned which is supporting the index on every downfall since the month of February - 2015. During the week the index hit low of 7426 and virtually close at the lowest levels. Support for the index lies in the zone of 7100 to 7200 where the lower end of the channel is positioned which is supporting the index on every downfall since the month of Feb

EquityPandit’s Outlook for Nifty for week (January 11, 2016 – January 15, 2016):   NIFTY:       Nifty ended the week on negative note losing around 4.50%. As we have mentioned last week that support for the index lies in the zone of 7800 to 7850 where short term moving averages and 500 Daily SMA are positioned. If the index manages to close below this levels then the index can drift to the levels of 7500 where the index has formed a double bottom. During the week the index manages to hit a low of 7556 and close around the lowest levels. Support for the index lies in the zone of 7500 to 7550 where the index has formed a medium term bottom. If the index manages to close below this levels then the index can drift to the levels of 7100 to 7200 where the lower end of the ch

EquityPandit’s Outlook for Nifty for week (January 04, 2016 – January 08, 2016):   NIFTY:     Nifty ended the week on positive note gaining around 1.20%. As we have mentioned last week that Index has closed around the strong resistance zone of 7850 to 7900 where short term moving averages and 100 Weekly SMA is positioned. If the index manages to close above the levels of 7900 then the index can move to the levels of 8000 where 100 Daily SMA is lying. During the week the index manages to hit a high of 7972 and virtually closed at the highest levels. Support for the index lies in the zone of 7800 to 7850 where short term moving averages and 500 Daily SMA are positioned. If the index manages to close below this levels then the index can drift to the levels of 7500 where the index

EquityPandit’s Outlook for Nifty for week (December 28, 2015 – January 01, 2016):   NIFTY:     Nifty ended 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 7850 to 7900 where short term moving averages and 100 Weekly SMA are lying. If the stock manages to close above this levels then the stock can move to the levels of 8000 where 100 Daily SMA is positioned. During the week the stock manages to hit a high of 7889 and close at virtually the highest levels of the week. Support for the index lies in the zone of 7750 where 500 Daily SMA is lying. If the index closes below this levels then the index can drift to the levels of 7500 to 7600 where the index has formed a double bottom. Index has closed a

EquityPandit’s Outlook for Nifty for week (December 21, 2015 – December 24, 2015):   NIFTY:         Nifty ended the week on positive note gaining around 2.0%. As we have mentioned last week that support for the index lies in the range of 7540 where the index has made a medium term bottom in the month of September - 2015. If the index closes below this levels then the index can drift to the levels of 7200 where lower end of the channel is positioned. The index is moving in this channel since the month of February - 2015. During the week the index manages to hit a low of 7551 and bounce to close the week around the levels of 7763. Support for the index lies in the range of 7540 where the index has made a medium term bottom in the month of September - 2015. If the

EquityPandit’s Outlook for Nifty for week (December 14, 2015 – December 18, 2015):   NIFTY:         Nifty ended the week on negative note losing around 2.2%. As we have mentioned last week that support for the index lies in the zone of 7700 where 500 Daily SMA and trend-line support for the index is lying. If the index closes below this levels then the index can drift to the levels of 7500 where the index has made a medium term bottom. During the week the index manages to hit a low of 7575 and close at virtually the lowest levels. Support for the index lies in the range of 7540 where the index has made a medium term bottom in the month of September - 2015. If the index closes below this levels then the index can drift to the levels of 7200 where lower end of th

EquityPandit’s Outlook for Nifty for week (December 07, 2015 – December 11, 2015):   NIFTY:         Nifty ended the week on negative note losing around 2.0%. As we have mentioned last week that resistance for the index lies in the zone of 7950 to 8000 where short term moving averages are positioned. If the index manages to close above this levels then the index can move to the levels of 8200 where 100 Daily SMA is lying. During the week the index manages to hit a high of 7979 and sold off to close the week around the levels of 7787 virtually at the lowest levels. Support for the index lies in the zone of 7700 where 500 Daily SMA and trend-line support for the index is lying. If the index closes below this levels then the index can drift to the levels of 7500 wh

EquityPandit’s Outlook for Nifty for week (November 30, 2015 – December 04, 2015):   NIFTY:         Nifty ended the week on positive note gaining around 1.1%. As we have mentioned last week that resistance for the index lies in the zone of 7950 to 8000 where short term moving averages are positioned. If the index manages to close above this levels then the index can move to the levels of 8200 where 100 Daily SMA is lying. During the week the index manages to hit a high of 7959 and virtually end the week around the highest levels. Support for the index lies in the zone of 7800 where 100 Weekly SMA is lying. If the index closes below this levels then the index will drift to the levels of 7700 where 500 Daily SMA and trend-line support for the index is lying. R

EquityPandit’s Outlook for Nifty for week (November 23, 2015 – November 27, 2015):   NIFTY:         Nifty ended the week on positive note gaining around 1.1%. As we have mentioned last week that support for the index lies in the zone of 7700 where trend-line, 500 Daily SMA & 100 Weekly SMA supports are positioned. If the index manages to close below this levels then the index can drift to the levels of 7500 where trend-line support for the index is positioned. During the week the index manages to hit a low of 7714 and bounce back to close the week around the levels of 7850. Support for the index lies in the zone of 7700 where trend-line & 500 Daily SMA supports are positioned. If the index manages to close below this levels then the index can drift to t

EquityPandit’s Outlook for Nifty for week (November 16, 2015 – November 20, 2015):   NIFTY:         Nifty ended the week on negative note losing around 2.4%. As we have mentioned last week that support for the index lies in the zone of 7900 to 7950. If the index breaks below this levels on closing basis then the index can drift to the levels of 7700 where trend-line, 500 Daily SMA & 100 Weekly SMA supports are positioned. During the week the index manages to hit a low of 7730 and close the week around the levels of 7760. Support for the index lies in the zone of 7700 where trend-line, 500 Daily SMA & 100 Weekly SMA supports are positioned. If the index manages to close below this levels then the index can drift to the levels of 7500 where trend-line sup

EquityPandit’s Outlook for Nifty for week (November 09, 2015 – November 13, 2015):   NIFTY:         CNX Nifty ended the week on negative note losing around 1.3%. As we have mentioned last week that resistance for the index lies in the zone of 8200 where 100 Daily SMA is lying. If the index manages to close above this levels on closing basis then the index can move to the levels of 8400 where 200 Daily SMA and trend-line resistance for the index is positioned. During the week the index manages to hit a high of 8116 and sold off to close the week around the levels of 7962. Support for the index lies in the zone of 7900 to 7950. If the index breaks below this levels on closing basis then the index can drift to the levels of 7700 where trend-line, 500 Daily SMA &am

EquityPandit’s Outlook for Nifty for week (November 02, 2015 – November 06, 2015):   NIFTY:         CNX Nifty ended the week on negative note losing around 2.9%. As we have mentioned last week that the index has closed above the 100 Daily SMA which is lying around the levels of 8200. Support for the index lies in the zone of 8200 where 100 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 8050 to 8100 from where the index has broken out of the Inverse Head & Shoulder pattern. During the week the index manages to hit a low of 8044 and close the week at the lowest point. Support for the index lies in the zone of 8050 to 8100 from where the index has broken out of the Inverse Head & Shoulder patte

EquityPandit’s Outlook for Nifty for week (October 26, 2015 – October 30, 2015):   NIFTY:         CNX Nifty ended the week on positive note gaining around 0.7%. As we have mentioned last week that strong resistance for the index lies in the zone of 8380 to 8450 where 200 Daily SMA and channel resistance for the index is positioned. During the week the index manages to hit a high of 8328 and close the week around the levels of 8295. The index has closed above the 100 Daily SMA which is lying around the levels of 8200. Support for the index lies in the zone of 8200 where 100 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 8050 to 8100 from where the index has broken out of the Inverse Head & Should

EquityPandit’s Outlook for Nifty for week (October 19, 2015 – October 23, 2015):   NIFTY:         CNX Nifty ended the week on positive note gaining around 0.6%. As we have mentioned last week that support for the index lies in the zone of 8050 from where the index has broken out of the Inverse Head & Shoulder pattern. If the index breaks below the levels of 8050 on closing basis then the index can drift to the levels of 7800 where support for the index is positioned. During the week the index made a low of 8088 and bounce to close the week around the levels of 8241. The index has closed above the 100 Daily SMA which is lying around the levels of 8200. Support for the index lies in the zone of 8050 to 8100 from where the index has broken out of the Inverse H

EquityPandit’s Outlook for Nifty for week (October 12, 2015 – October 16, 2015):   NIFTY:         CNX Nifty ended the week on positive note gaining around 2.8%. As we have mentioned last week that if the index manages to close above the levels of 8050 with heavy volumes, then the index can move to the levels of 8250 to 8300 where 100 & 200 Daily SMA are positioned. The index manages to hit a high of 8232 during the week and ended the week around the levels of 8178. The index is approaching towards the strong resistance zone of 8250 to 8350 where 100 & 200 Daily SMA and channel resistance are positioned. Support for the index lies in the zone of 8050 from where the index has broken out of the Inverse Head & Shoulder pattern. If the index breaks be

EquityPandit’s Outlook for Nifty for week (October 05, 2015 – October 09, 2015):   NIFTY:         CNX Nifty ended the week on positive note gaining around 1%. As we have mentioned last week that it seems the index is moving in the range of 7700 to 7750 on downside to 8000 to 8050 on upside. During the week, the index hit a low of 7691 and high of 8008. As seen from the chart the index is forming a Inverse Head & Shoulder pattern on daily charts. Neckline for the inverse Head & Shoulder pattern lies around the levels of 8030. If the index manages to close above the levels of 8050 with heavy volumes, then the index can move to the levels of 8250 to 8300 where 100 & 200 Daily SMA are positioned. Targets for the inverse Head & Shoulder pattern ca

EquityPandit’s Outlook for Nifty for week (September 28, 2015 – October 02, 2015):   NIFTY:         CNX Nifty ended the week on negative note losing around 1.5%. As we have mentioned last week that the support for the index lies around the levels of 7750 to 7800. If the index breaks below the levels of 7750 on closing basis then the index can drift to the levels of 7500. During the week the index manages to hit a low of 7723 and bounce to close the week around the levels of 7868. It seems the index is moving in the range of 7700 to 7750 on downside to 8000 to 8050 on upside. If the index manages to close above the levels of 8050, then the index can move to the levels of 8250 to 8300 where 100 & 200 Daily SMA are positioned. If the index manages to clo

EquityPandit’s Outlook for Nifty for week (September 14, 2015 – September 18, 2015):   NIFTY:     CNX Nifty ended the week on positive note gaining more than 1%. As we have mentioned last week that if the index breaks below the levels of 7620, where downward moving trend-line is positioned, the index can move to the levels of 7500 where 500 Daily SMA is positioned and the index manage to hit a low of 7539 and bounce back to the levels of around 7850. Technically the index is trading below short term and long term moving averages which suggest the index is trading very weak and the high volatility can be witnessed during the week. There are many global events next week so we can see very high levels of volatility. Major event which the markets have to dealt will be FED outcome.

EquityPandit’s Outlook for Nifty for week (September 07, 2015 – September 11, 2015):   NIFTY:     CNX Nifty ended the week on negative note losing more than 4%. As we have mentioned last week that if the index breaks below the levels of 7800 the index can move to the levels of 7600 and the index hit a low of 7627 during the week. During the week the index could not manage to move above the levels of 8100 and the index sold off to the levels of around 7600. Technically the index is trading below short term and long term moving averages which suggest the index is trading very weak and the high volatility can be witnessed during the week. Coming week we can expect the markets to be quite volatile and broad range for the week can be 7400 on downside to 7900 on upside. If

EquityPandit’s Outlook for Nifty for week (August 31, 2015 – September 04, 2015):   NIFTY:     CNX Nifty ended the week on negative note losing around 3.5%. Global jitters hit the markets all over the world and all the global markets where down between 3% to 7%. This week was very volatile and the index was moving everywhere. Technically the index is trading below short term and long term moving averages which suggest the index is trading very weak and the high volatility can be witnessed during the week. Coming week we can expect the markets to be quite volatile and broad range for the week can be 7700 on downside to 8300 on upside. The index has formed a Hammer pattern on weekly charts in an downtrend. If the index manages to close above the levels of 8100 the in

EquityPandit’s Outlook for Nifty for week (August 24, 2015 – August 28, 2015):   NIFTY:     CNX Nifty ended the week on negative note losing around 3%. As we have mentioned last week that if the index closes below the levels of 8300 the index can drift to the levels of 8300. On 21/08/2015 the index broke below the levels of 8300 and moved to the levels of 8225 but manages to close around the levels of 8300. As seen from the chart above the index has taken support around the channel support lying around the levels of 8230. Next week will be the expiry week and the index will be moving according to the options position. 8200 & 8300 Put options have the highest open interest of close to 50.00 lacs shares outstanding. So we think the index can hold the levels of 8250 til

EquityPandit’s Outlook for Nifty for week (August 17, 2015 – August 21, 2015):   NIFTY:       CNX Nifty ended the week on negative note losing around 0.5%. As we have been mentioning since last 2 weeks that the index is facing stiff resistance in the zone of 8550 to 8600, the index made a high of 8621 and the index sold off to the levels of 8338 during the week before recovering back to the levels of 8520 on 14/08/2015. Since last 1 month the index has been moving in the range of 8300 on downside to 8650 on upside. If the index breaks below 8300 the index can drift to the levels of 8000 and if the index breaks above the levels of 8650 the index can move to the levels of 8800 to 8900. If in the coming week, the index manages to close above the levels of 8600 the inde

EquityPandit’s Outlook for Nifty for week (August 10, 2015 – August 14, 2015):   NIFTY:   Nifty ended the week on positive note gaining around 0.5%. The index has been struggling to move past the resistance zone of 8600 on closing basis. On 06/08/2015 and 07/08/2015, the index could not close above the levels of 8600 and was witnessing constant selling pressure. If the index manages to close above the levels of 8650 the index can move to the levels of around 8800. Support for the index lies in the zone of 8400 to 8500 where short term and long term moving averages are positioned. Resistance for the index lies in the zone of 8700 to 8750 where upper end of the channel is positioned. Range of the week is seen from 8400 to 8450 on downside to 8700 to 8750 on upside.

EquityPandit’s Outlook for Nifty for week (August 03, 2015 – August 07, 2015):   NIFTY:       Nifty ended the week on absolutely flat note. As we have suggested last week that the index has the support around the levels of 8350 and the index hit a low of 8321 and bounced back. On weekly charts the index has formed a Hammer pattern in downtrend indicating the trend reversal. Above the levels of 8550 the index can move to the levels of 8700 where upper end of channel is positioned. On 04/08/2015, RBI is announcing the quarterly policy which will decide the direction of the markets going forward. Technically the index is poised to move forward towards the levels of 8800. Support for the index lies in the zone of 8350 to 8400 where short term & long term moving averages and

EquityPandit’s Outlook for Nifty for week (July 27, 2015 – July 31, 2015):   NIFTY:   Nifty ended the week with the loss of around 1%. As we have suggested last week that the index is moving in a channel pattern from 26/06/2015 and according to that channel the next target for the index lies in the range of 8680 to 8720 levels and the index hit a high of around 8655 and retraced back. The coming week will be the expiry week so we can expect the volatility in the markets. As per the options data it is seen that the index has the logical support around the levels of 8450 to 8480 zone as 8500 Put options has the highest open interest outstanding. On the call side the highest open interest lies in the 8600 and 8700 strike price which will cap the index on any up-move. Technically also the inde

EquityPandit’s Outlook for Nifty for week (July 20, 2015 – July 24, 2015):   NIFTY:       Nifty ended the week with the gain of around 3%. As we have suggested that the index has formed a hammer pattern on 10/07/2015 in downtrend indicating the trend reversal. The index started the week on positive note. As it is seen from the chart the index has moved above the key resistance zone of 8550 and the next targets for the index can be in the range of 8800. The index is moving in a channel pattern from 26/06/2015 and according to that channel the next target for the index lies in the range of 8680 to 8720 levels. Support for the index lies in the zone of 8400 to 8500 where 100 Daily SMA, 200 Daily SMA and trend-lines are positioned. Range for the week is seen from 8350 to 8450 on

EquityPandit’s Outlook for Nifty for week (July 13, 2015 – July 17, 2015):   NIFTY:       Nifty ended the week with the loss of around 1.5%. The index virtually underperformed the global markets which remain flat to positive for the week. The index has formed a Shooting star pattern on the weekly charts. After all the Greek Drama during the week the index has retraced back from the levels of 8550 where trend-line resistance was positioned. The index has formed a hammer pattern on 10/07/2015 in downtrend indicating the trend reversal. From the chart it is seen that the index has the minor trend-line resistance around the levels of 8550. If index manages to move above the levels of 8550 to 8600 we can see index moving towards the levels of 8800. Support for the index lies in t

EquityPandit’s Outlook for Nifty and Major indices for week (July 06, 2015 – July 10, 2015): NIFTY Nifty ended the week with the gain of around 1.2%. After the gap-down opening on 29/06/2015 due to Greek Drama the index recovered smartly from the levels of sub 8200 and close the week on high around the resistance zone of 8500. The index closed above the levels of 8450 where 100 Daily SMA was positioned. On 05/07/2015 Greece is going for the referendum and the outcome will decide further direction of the markets. From the chart it is seen that the index has the minor trend-line resistance around the levels of 8550. If index manages to move above the levels of 8550 to 8600 we can see index moving towards the levels of 8800. Support for the index lies in the zone of 8200 to 8300 where short term moving a

  EquityPandit's Outlook for Nifty and Major indices for week (June 22, 2015 - June  26, 2015): CNX NIFTY     Nifty ended the week with the gain of around 3%. As we have suggested last week that the index will take support around the levels of 7950 - 8000 where many trend-line support lies. On weekly basis the index has formed the Bullish engulfing pattern. The index is approaching towards the strong resistance zone of 8300 where medium term moving averages and trend-line are lying. 50 Daily EMA is lying around the levels of 8280 and as seen from the chart the downward sloping trend-line is also lying around the levels of 8300 which will provide resistance to any up-move in the index. The coming week is the expiry week so we can see some volatility in the markets. Put options in 8000, 8

CNX Nifty: Nifty ended the week with the cuts of around 1.5%.  As we have suggested last week that the index will take support around the levels of 7950 - 8000 where many trend-line support lies.  Even during the week the index bounced back from this level but could not sustain and sold off.  As seen from the charts the index is just trading at around the important trend-line support . The break of this trend-line on closing basis will take the index to the levels of around 7700.  So next week it will be very crucial for the bulls to hold on to this levels.  Global markets are also edgy on the Greek issue.  Also some heavy activity has been witnessed in the 7600 & 7700 put options.  For the coming week we may see index in the range of 7700 on downside to 8200 on upside with very high intraday vo