Tag Archives: CNX Energy Outlook

Nifty Energy Outlook for the Week (Nov 20, 2017 – Nov 24, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (Nov 20, 2017 – Nov 24, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 0.70%.

As we have mentioned last week, that support for the index lies in the zone of 13600 to 13700 where the index has formed a double top pattern in the month of September-2017. If the index manages to close below these levels then the index can drift to the levels of 13300 to 13400 where break out levels are lying. During the week the index manages to hit a low of 13625 and close the week around the levels of 13962.

Support for the index lies in the zone of 13600 to 13700 where the index has formed a double top pattern in the month of September-2017. If the index manages to close below these levels then the index can drift to the levels of 13300 to 13400 where break out levels are lying.

Resistance for the index lies in the zone of 14000 to 14100. If the index manages to close above these levels then the index can move to the levels of 14300 to 14400 from where the index broke down after consolidation.

Broad range for the index is seen between 13500 to 13600 on downside & 14300 to 14400 on upside.

Nifty Energy Outlook for the Week (Nov 13, 2017 – Nov 17, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (Nov 13, 2017 – Nov 17, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on negative note losing around 4.50%.

As we have mentioned last week, that minor support for the index lies in the zone of 14250 to 14350. Support for the index lies in the zone of 13600 to 13700 where the index has formed a double top pattern in the month of September-2017. If the index manages to close below these levels then the index can drift to the levels of 13300 to 13400 where short term moving averages are lying. During the week the index manages to hit a low of 13797 and close the week around the levels of 13863.

Support for the index lies in the zone of 13600 to 13700 where the index has formed a double top pattern in the month of September-2017. If the index manages to close below these levels then the index can drift to the levels of 13300 to 13400 where break out levels are lying.

Resistance for the index lies in the zone of 14000 to 14100. If the index manages to close above these levels then the index can move to the levels of 14300 to 14400 from where the index broke down after consolidation.

Broad range for the index is seen between 13300 to 13400 on downside & 14300 to 14400 on upside.

Nifty Energy Outlook for the Week (Nov 06, 2017 – Nov 10, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (Nov 06, 2017 – Nov 10, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 0.90%.

As we have mentioned last week, that resistance for the index lies in the zone of 14500 to 14600. If the index manages to close above these levels then the index can move to the levels of 14850 to 14900. During the week the index manages to hit a high of 14648 and close the week around the levels of 14515.

Minor support for the index lies in the zone of 14250 to 14350. Support for the index lies in the zone of 13600 to 13700 where the index has formed a double top pattern in the month of September-2017. If the index manages to close below these levels then the index can drift to the levels of 13300 to 13400 where short term moving averages are lying.

Resistance for the index lies in the zone of 14500 to 14600. If the index manages to close above these levels then the index can move to the levels of 14850 to 14900.

Broad range for the index is seen between 14000 to 14100 on downside & 14800 to 14900 on upside.

Nifty Energy Outlook for the Week (Oct 30, 2017 – Nov 03, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (Oct 30, 2017 – Nov 03, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 2.90%.

As we have mentioned last week, that minor support for the index lies in the zone of 13800 to 13900. Support for the index lies in the zone of 13600 to 13700 where the index has formed a double top pattern in the month of September-2017. If the index manages to close below these levels then the index can drift to the levels of 13100 to 13200 where short term moving averages are lying. During the week the index manages to hit a low of 13993 and close the week around the levels of 14387.

Minor support for the index lies in the zone of 14250 to 14300. Support for the index lies in the zone of 13600 to 13700 where the index has formed a double top pattern in the month of September-2017. If the index manages to close below these levels then the index can drift to the levels of 13300 to 13400 where short term moving averages are lying.

Resistance for the index lies in the zone of 14500 to 14600. If the index manages to close above these levels then the index can move to the levels of 14850 to 14900.

Broad range for the index is seen between 14000 to 14100 on downside & 14800 to 14900 on upside.

Nifty Energy Outlook for the Week (Oct 23, 2017 – Oct 27, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (Oct 23, 2017 – Oct 27, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 2.20%.

As we have mentioned last week, that support for the index lies in the zone of 13600 to 13700 where the index has formed a double top pattern in the month of September-2017. If the index manages to close below these levels then the index can drift to the levels of 13100 to 13200 where short term moving averages are lying. During the week the index manages to hit a low of 13604 and close the week around the levels of 13980.

Minor support for the index lies in the zone of 13800 to 13900. Support for the index lies in the zone of 13600 to 13700 where the index has formed a double top pattern in the month of September-2017. If the index manages to close below these levels then the index can drift to the levels of 13100 to 13200 where short term moving averages are lying.

Resistance for the index lies in the zone of 14050 to 14100. If the index manages to close above these levels then the index can move to the levels of 14250 to 14300.

Broad range for the index is seen between 13600 to 13700 on downside & 14200 to 14300 on upside.

Nifty Energy Outlook for the Week (Oct 16, 2017 – Oct 19, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (Oct 16, 2017 – Oct 19, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 2.00%.

As we have mentioned last week, that resistance for the index lies in the zone of 13600 to 13700 where the index has formed a double top pattern in the month of September-2017. If the index manages to close above these levels then the index can move to the levels of 13800 to 13900. During the week the index manages to hit a high of 13791 and close the week around the levels of 13678.

Support for the index lies in the zone of 13600 to 13700 where the index has formed a double top pattern in the month of September-2017. If the index manages to close below these levels then the index can drift to the levels of 13100 to 13200 where short term moving averages are lying.

Resistance for the index lies in the zone of 13800 to 13900. If the index manages to close above these levels then the index can move to the levels of 14050 to 14100.

Broad range for the index is seen between 13300 to 13400 on downside & 14000 to 14100 on upside.

Nifty Energy Outlook for the Week (Oct 09, 2017 – Oct 13, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (Oct 09, 2017 – Oct 13, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 5.00%.

As we have mentioned last week, that resistance for the index lies in the zone of 12900 to 13000 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 13250 to 13350 from where the index broke down after consolidation. During the week the index manages to hit a high of 13430 and close the week around the levels of 13405.

Minor support for the index lies in the zone of 13250 to 13300. Support for the index lies in the zone of 13000 to 13100 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 12500 to 12600 from where the index broke out of April-2017 highs and Fibonacci levels are lying.

Resistance for the index lies in the zone of 13600 to 13700 where the index has formed a double top pattern in the month of September-2017. If the index manages to close above these levels then the index can move to the levels of 13800 to 13900.

Broad range for the index is seen between 13000 to 13100 on downside & 13700 to 13800 on upside.

Nifty Energy Outlook for the Week (Oct 03, 2017 – Oct 06, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (Oct 03, 2017 – Oct 06, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on negative note losing around 2.10%.

As we have mentioned last week, that support for the index lies in the zone of 12900 to 13000 where break out levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 12500 to 12600 from where the index broke out of April-2017 highs and Fibonacci levels are lying. During the week the index manages to hit a low of 12602 and close the week around the levels of 12773.

Support for the index lies in the zone of 12500 to 12600 from where the index broke out of April-2017 highs and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 12100 to 12200 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 12900 to 13000 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 13250 to 13350 from where the index broke down after consolidation.

Broad range for the index is seen between 12100 to 12200 on downside & 13100 to 13200 on upside.

Nifty Energy Outlook for the Week (Sep 25, 2017 – Sep 29, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (Sep 25, 2017 – Sep 29, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on negative note losing around 2.20%.

As we have mentioned last week, that resistance for the index lies in the zone of 13300 to 13400 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 13600 to 13700. During the week the index manages to hit a high of 13665 and close the week around the levels of 13047.

Support for the index lies in the zone of 12900 to 13000 where break out levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 12500 to 12600 from where the index broke out of April-2017 highs and Fibonacci levels are lying.

Resistance for the index lies in the zone of 13250 to 13350 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 13600 to 13700 where the index has formed a double top pattern.

Broad range for the index is seen between 12500 to 12600 on downside & 13400 to 13500 on upside.

Nifty Energy Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (Sep 18, 2017 – Sep 22, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 1.50%.

As we have mentioned last week, that resistance for the index lies in the zone of 13300 to 13400 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 13500 to 13600. During the week the index manages to hit a high of 13647 and close the week around the levels of 13347.

Minor support for the index lies in the zone of 13100 to 13150. Support for the index lies in the zone of 12900 to 13000 where break out levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 12500 to 12600 from where the index broke out of April-2017 highs and Fibonacci levels are lying.

Resistance for the index lies in the zone of 13300 to 13400 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 13600 to 13700.

Broad range for the index is seen between 12800 to 12900 on downside & 13600 to 13700 on upside.

Nifty Energy Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (Sep 11, 2017 – Sep 15, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed 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 13000 to 13050. Support for the index lies in the zone of 12500 to 12600 from where the index broke out of April-2017 highs and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 12000 to 12100 where short & medium term moving averages are lying. During the week the index manages to hit a low of 13046 and close the week around the levels of 13153.

Minor support for the index lies in the zone of 13000 to 13050. Support for the index lies in the zone of 12500 to 12600 from where the index broke out of April-2017 highs and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 12000 to 12100 where Fibonacci levels & medium term moving averages are lying.

Resistance for the index lies in the zone of 13300 to 13400 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 13500 to 13600.

Broad range for the index is seen between 12800 to 12900 on downside & 13500 to 13600 on upside.

Nifty Energy Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (Sep 04, 2017 – Sep 08, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 2.20%.

As we have mentioned last week that minor support for the index lies in the zone of 12750 to 12800. Support for the index lies in the zone of 12500 to 12600 from where the index broke out of April-2017 highs and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 12000 to 12100 where short & medium term moving averages are lying. During the week the index manages to hit a low of 12726 and close the week around the levels of 13219.

Minor support for the index lies in the zone of 13000 to 13050. Support for the index lies in the zone of 12500 to 12600 from where the index broke out of April-2017 highs and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 12000 to 12100 where short & medium term moving averages are lying.

Resistance for the index lies in the zone of 13200 to 13300 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 13500 to 13600.

Broad range for the index is seen between 12800 to 12900 on downside & 13500 to 13600 on upside.

Nifty Energy Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (Aug 28, 2017 – Sep 01, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index 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 12750 to 12800. Support for the index lies in the zone of 12500 to 12600 from where the index broke out of April-2017 highs and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 12000 to 12100 where short & medium term moving averages are lying. During the week the index manages to hit a low of 12780 and close the week around the levels of 12934.

Minor support for the index lies in the zone of 12750 to 12800. Support for the index lies in the zone of 12500 to 12600 from where the index broke out of April-2017 highs and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 12000 to 12100 where short & medium term moving averages are lying.

Minor resistance for the index lies in the zone of 13000 to 13050. Resistance for the index lies in the zone of 13200 to 13300 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 13500 to 13600.

Broad range for the index is seen between 12500 to 12600 on downside & 13500 to 13600 on upside.

Nifty Energy Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (Aug 21, 2017 – Aug 25, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 2.40%.

As we have mentioned last week that minor resistance for the index lies in the zone of 12800 to 12900. Resistance for the index lies in the zone of 13200 to 13250. If the index manages to close above these levels then the index can move to the levels of 13500 to 13600. During the week the index manages to hit a high of 13013 and close the week around the levels of 12960.

Minor support for the index lies in the zone of 12750 to 12800. Support for the index lies in the zone of 12500 to 12600 from where the index broke out of April-2017 highs and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 12000 to 12100 where short & medium term moving averages are lying.

Minor resistance for the index lies in the zone of 13000 to 13050. Resistance for the index lies in the zone of 13200 to 13300 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 13500 to 13600.

Broad range for the index is seen between 12500 to 12600 on downside & 13500 to 13600 on upside.

Nifty Energy Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (Aug 14, 2017 – Aug 18, 2017) :

NIFTY ENERGY:

 

NIFTYMEDIA

 

Nifty ENERGY index closed the week on negative note losing around 4.00%.

As we have mentioned last week that support for the index lies in the zone of 12800 to 12900 from where the index broke out of July-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 12500 to 12600 from where the index broke out of April-2017 highs and Fibonacci levels are lying. During the week the index manages to hit a low of 12571 and close the week around the levels of 12659.

Support for the index lies in the zone of 12500 to 12600 from where the index broke out of April-2017 highs and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 12000 to 12100 where short & medium term moving averages are lying.

Minor resistance for the index lies in the zone of 12800 to 12900. Resistance for the index lies in the zone of 13200 to 13250. If the index manages to close above these levels then the index can move to the levels of 13500 to 13600.

Broad range for the index is seen between 12000 to 12100 on downside & 13000 to 13100 on upside.

Nifty Energy Outlook for the Week (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (Aug 07, 2017 – Aug 11, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 4.20%.

As we have mentioned last week that the index is trading at all time highs so virtually no resistance is visible. Resistance for the index lies in the zone of 12800 to 12850. If the index manages to close above these levels then the index can move to the levels of 13000. During the week the index manages to hit a high of 13242 and close the week around the levels of 13204.

Support for the index lies in the zone of 12800 to 12900 from where the index broke out of July-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 12500 to 12600 from where the index broke out of April-2017 highs and Fibonacci levels are lying.

The index is trading at all time highs so virtually no resistance is visible. Resistance for the index lies in the zone of 13200 to 13250. If the index manages to close above these levels then the index can move to the levels of 13500 to 13600.

Broad range for the index is seen between 12900 to 13000 on downside & 13500 to 13600 on upside.

Nifty Energy Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (July 31, 2017 – Aug 04, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 0.20%.

As we have mentioned last week that the index is trading at all time highs so virtually no resistance is visible. Resistance for the index lies in the zone of 12800 to 12850. If the index manages to close above these levels then the index can move to the levels of 13000. During the week the index manages to hit a high of 12850 and close the week around the levels of 12671.

Minor support for the index lies in the zone of 12450 to 12500. Support for the index lies in the zone of 12100 to 12200 where Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of around 11600 to 11650 where Fibonacci level and highs for the month of February-2017 & March-2017 is lying.

The index is trading at all time highs so virtually no resistance is visible. Resistance for the index lies in the zone of 12800 to 12850. If the index manages to close above these levels then the index can move to the levels of 13000.

Broad range for the index is seen between 12200 to 12300 on downside & 12900 to 13000 on upside.

Nifty Energy Outlook for the Week (July 24, 2017 – July 28, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (July 24, 2017 – July 28, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 1.60%.

As we have mentioned last week that minor support for the index lies in the zone of 12280 to 12320. Support for the index lies in the zone of 12100 to 12200 where Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of around 11600 to 11650 where Fibonacci level and highs for the month of February-2017 & March-2017 is lying. During the week the index manages to hit a low of 12344 and close the week around the levels of 12641.

Minor support for the index lies in the zone of 12450 to 12500. Support for the index lies in the zone of 12100 to 12200 where Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of around 11600 to 11650 where Fibonacci level and highs for the month of February-2017 & March-2017 is lying.

The index is trading at all time highs so virtually no resistance is visible. Resistance for the index lies in the zone of 12800 to 12850. If the index manages to close above these levels then the index can move to the levels of 13000.

Broad range for the index is seen between 12200 to 12300 on downside & 12900 to 13000 on upside.

Nifty Energy Outlook for the Week (July 17, 2017 – July 21, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (July 17, 2017 – July 21, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed 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 12100 to 12200 where Fibonacci level is lying. If the index manages to close above these levels then the index can move to the levels of around 12450 to 12500 where the index has formed a top in the month of April-2017. During the week the index manages to hit a high of 12456 and close the week around the levels of 12444.

Minor support for the index lies in the zone of 12280 to 12320. Support for the index lies in the zone of 12100 to 12200 where Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of around 11600 to 11650 where Fibonacci level and highs for the month of February-2017 & March-2017 is lying.

Resistance for the index lies in the zone of 12450 to 12500 where the index has formed a top in the month of April-2017. If the index manages to close above these levels then the index can move to the levels of around 12600 to 12650.

Broad range for the index is seen between 12000 to 12050 on downside & 12600 to 12650 on upside.

Nifty Energy Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (July 10, 2017 – July 14, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 3.90%.

As we have mentioned last week that minor resistance for the index lies in the zone of 11750 to 11800. Resistance for the index lies in the zone of 12000 to 12100 where Fibonacci level is lying. If the index manages to close above these levels then the index can move to the levels of around 12450 to 12500 where the index has formed a top in the month of April-2017. During the week the index manages to hit a high of 12085 and close the week around the levels of 12056.

Minor support for the index lies in the zone of 11800 to 11900. Support for the index lies in the zone of 11600 to 11650 where Fibonacci level and highs for the month of February-2017 & March-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of around 11200 to 11300 where long term break out levels are lying.

Resistance for the index lies in the zone of 12100 to 12200 where Fibonacci level is lying. If the index manages to close above these levels then the index can move to the levels of around 12450 to 12500 where the index has formed a top in the month of April-2017.

Broad range for the index is seen between 11800 to 11850 on downside & 12200 to 12250 on upside.

Nifty Energy Outlook for the Week (July 03, 2017 – July 07, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (July 03, 2017 – July 07, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on negative note losing around 1.40%.

As we have mentioned last week that support for the index lies in the zone of 11600 to 11700 where Fibonacci level and highs for the month of February-2017 & March-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of around 11200 to 11300 where long term break out levels are lying. During the week the index manages to hit a low of 11542 and close the week around the levels of 11600.

Support for the index lies in the zone of 11600 to 11650 where Fibonacci level and highs for the month of February-2017 & March-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of around 11200 to 11300 where long term break out levels are lying.

Minor resistance for the index lies in the zone of 11750 to 11800. Resistance for the index lies in the zone of 12000 to 12100 where Fibonacci level is lying. If the index manages to close above these levels then the index can move to the levels of around 12450 to 12500 where the index has formed a top in the month of April-2017.

Broad range for the index is seen between 11300 to 11350 on downside & 11900 to 12000 on upside.

Nifty Energy Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (June 27, 2017 – June 30, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index 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 11900 to 11950. Resistance for the index lies in the zone of 12150 to 12200 where Fibonacci levels is lying. If the index manages to close above these levels then the index can move to the levels of around 12450 to 12500 where the index has formed a top in the month of April-2017. During the week the index manages to hit a high of 12000 and close the week around the levels of 11769.

Support for the index lies in the zone of 11600 to 11700 where Fibonacci level and highs for the month of February-2017 & March-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of around 11200 to 11300 where long term break out levels are lying.

Minor resistance for the index lies in the zone of 11900 to 11950. Resistance for the index lies in the zone of 12150 to 12200 where Fibonacci levels is lying. If the index manages to close above these levels then the index can move to the levels of around 12450 to 12500 where the index has formed a top in the month of April-2017.

Broad range for the index is seen between 11500 to 11550 on downside & 12000 to 12100 on upside.

Nifty Energy Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (June 19, 2017 – June 23, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 1.10%.

As we have mentioned last week that support for the index lies in the zone of 11600 to 11700 where Fibonacci level and highs for the month of February-2017 & March-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of around 11200 to 11300 where long term break out levels are lying. During the week the index manages to hit a low of 11604 and close the week around the levels of 11823.

Support for the index lies in the zone of 11600 to 11700 where Fibonacci level and highs for the month of February-2017 & March-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of around 11200 to 11300 where long term break out levels are lying.

Minor resistance for the index lies in the zone of 11900 to 11950. Resistance for the index lies in the zone of 12150 to 12200 where Fibonacci levels is lying. If the index manages to close above these levels then the index can move to the levels of around 12450 to 12500 where the index has formed a top in the month of April-2017.

Broad range for the index is seen between 11500 to 11550 on downside & 12200 to 12300 on upside.

Nifty Energy Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (June 12, 2017 – June 16, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed 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 11600 to 11700 where Fibonacci level and highs for the month of February-2017 & March-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of around 11200 to 11300 where long term break out levels are lying. During the week the index manages to hit a low of 11642 and close the week around the levels of 11688.

Support for the index lies in the zone of 11600 to 11700 where Fibonacci level and highs for the month of February-2017 & March-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of around 11200 to 11300 where long term break out levels are lying.

Minor resistance for the index lies in the zone of 11800 to 11900. Resistance for the index lies in the zone of 12150 to 12200 where Fibonacci levels is lying. If the index manages to close above these levels then the index can move to the levels of around 12450 to 12500 where the index has formed a top in the month of April-2017.

Broad range for the index is seen between 11400 to 11450 on downside & 12000 to 12100 on upside.

Nifty Energy Outlook for the Week (June 05, 2017 – June 09, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (June 05, 2017 – June 09, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on negative note losing around 0.90%.

As we have mentioned last week that minor resistance for the index lies in the zone of 11900 to 12000. Resistance for the index lies in the zone of 12150 to 12200 where Fibonacci levels is lying. If the index manages to close above these levels then the index can move to the levels of around 12450 to 12500 where the index has formed a short term top. During the week the index manages to hit a high of 12021 and close the week around the levels of 11758.

Support for the index lies in the zone of 11600 to 11700 where Fibonacci level and highs for the month of February-2017 & March-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of around 11200 to 11300 where long term break out levels are lying.

Minor resistance for the index lies in the zone of 11900 to 12000. Resistance for the index lies in the zone of 12150 to 12200 where Fibonacci levels is lying. If the index manages to close above these levels then the index can move to the levels of around 12450 to 12500 where the index has formed a short term top.

Broad range for the index is seen between 11400 to 11450 on downside & 12000 to 12100 on upside.

Nifty Energy Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (May 29, 2017 – June 02, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 0.50%.

As we have mentioned last week that support for the index lies in the zone of 11600 to 11700 where Fibonacci level and highs for the month of February-2017 & March-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of around 11200 to 11300 where long term break out levels are lying. During the week the index manages to hit a low of 11496 and close the week around the levels of 11858.

Support for the index lies in the zone of 11600 to 11700 where Fibonacci level and highs for the month of February-2017 & March-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of around 11200 to 11300 where long term break out levels are lying.

Minor resistance for the index lies in the zone of 11900 to 12000. Resistance for the index lies in the zone of 12150 to 12200 where Fibonacci levels is lying. If the index manages to close above these levels then the index can move to the levels of around 12450 to 12500 where the index has formed a short term top.

Broad range for the index is seen between 11500 to 11550 on downside & 12200 to 12300 on upside.

Nifty Energy Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (May 22, 2017 – May 26, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on negative note losing around 1.80%.

As we have mentioned last week that minor resistance for the index lies in the zone of 12050 to 12150. Resistance for the index lies in the zone of 12450 to 12500 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 around 12620 to 12680 where Fibonacci level is lying. During the week the index manages to hit a high of 12180 and close the week around the levels of 11795.

Support for the index lies in the zone of 11600 to 11700 where Fibonacci level and highs for the month of February-2017 & March-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of around 11200 to 11300 where long term break out levels are lying.

Minor resistance for the index lies in the zone of 11900 to 12000. Resistance for the index lies in the zone of 12150 to 12200 where Fibonacci levels is lying. If the index manages to close above these levels then the index can move to the levels of around 12450 to 12500 where the index has formed a short term top.

Broad range for the index is seen between 11500 to 11550 on downside & 12000 to 12100 on upside.

Nifty Energy Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (May 15, 2017 – May 19, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 0.80%.

As we have mentioned last week that minor resistance for the index lies in the zone of 12050 to 12150. Resistance for the index lies in the zone of 12450 to 12500 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 around 12620 to 12680 where Fibonacci level is lying. During the week the index manages to hit a high of 12169 and close the week around the levels of 12018.

Minor support for the index lies in the zone of 11820 to 11870. Support for the index lies in the zone of 11600 to 11700 where short term moving averages and Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of around 11200 to 11300 from where the index broke out in the month of February-2017.

Minor resistance for the index lies in the zone of 12050 to 12150. Resistance for the index lies in the zone of 12450 to 12500 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 around 12620 to 12680 where Fibonacci level is lying.

Broad range for the index is seen between 11700 to 11750 on downside & 12250 to 12300 on upside.

Nifty Energy Outlook for the Week (May 08, 2017 – May 12, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (May 08, 2017 – May 12, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on negative note losing around 2.75%.

As we have mentioned last week that support for the index lies in the zone of 12100 to 12200 where the index has taken multiple support. If the index manages to close below these levels then the index can drift to the levels of around 11600 to 11700 where short term moving averages and Fibonacci level is lying. During the week the index manages to hit a low of 11907 and close the week around the levels of 11925.

Minor support for the index lies in the zone of 11820 to 11870. Support for the index lies in the zone of 11600 to 11700 where short term moving averages and Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of around 11200 to 11300 from where the index broke out in the month of February-2017.

Minor resistance for the index lies in the zone of 12050 to 12150. Resistance for the index lies in the zone of 12450 to 12500 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 around 12620 to 12680 where Fibonacci level is lying.

Broad range for the index is seen between 11600 to 11650 on downside & 12200 to 12250 on upside.

Nifty Energy Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (May 02, 2017 – May 05, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed 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 12150 to 12200 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 12400 to 12500. During the week the index manages to hit a high of 12497 and close the week around the levels of 12264.

Support for the index lies in the zone of 12100 to 12200 where the index has taken multiple support. If the index manages to close below these levels then the index can drift to the levels of around 11600 to 11700 where short term moving averages and Fibonacci level is lying.

Resistance for the index lies in the zone of 12450 to 12500 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 around 12620 to 12680 where Fibonacci level is lying.

Broad range for the index is seen between 12000 to 12050 on downside & 12500 to 12550 on upside.

Nifty Energy Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (April 24, 2017 – April 28, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 1.50%.

As we have mentioned last week that minor support for the index lies in the zone of 11900 to 11950. Support for the index lies in the zone of 11620 to 11680 from where the index has broken out of March-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 11100 to 11200 where the index has taken multiple support in the month of March-2017. During the week the index manages to hit a low of 11969 and close the week around the levels of 12194.

Minor support for the index lies in the zone of 12000 to 12050. Support for the index lies in the zone of 11850 to 11900 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 of 11620 to 11680 from where the index has broken out of March-2017 highs.

Resistance for the index lies in the zone of 12150 to 12200 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 12400 to 12500.

Broad range for the index is seen between 11800 to 11850 on downside & 12400 to 12500 on upside.

Nifty Energy Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (April 17, 2017 – April 21, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed 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 12050 to 12150 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 12300 to 12400. During the week the index manages to hit a high of 12190 and close the week around the levels of 12018.

Minor support for the index lies in the zone of 11900 to 11950. Support for the index lies in the zone of 11620 to 11680 from where the index has broken out of March-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 11100 to 11200 where the index has taken multiple support in the month of March-2017.

Resistance for the index lies in the zone of 12050 to 12150 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 12300 to 12400.

Broad range for the index is seen between 11500 to 11550 on downside & 12300 to 12400 on upside.

Nifty Energy Outlook for the Week (April 10, 2017 – April 13, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (April 10, 2017 – April 13, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed 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 11750 to 11800. If the index manages to close above these levels then the index can move to the levels of 12050 to 12150 where Fibonacci extension is lying. During the week the index manages to hit a high of 12149 and close the week around the levels of 12055.

Minor support for the index lies in the zone of 11900 to 11950. Support for the index lies in the zone of 11620 to 11680 from where the index has broken out of March-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 11100 to 11200 where the index has taken multiple support in the month of March-2017.

Resistance for the index lies in the zone of 12050 to 12150 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 12300 to 12400.

Broad range for the index is seen between 11500 to 11550 on downside & 12300 to 12400 on upside.

Nifty Energy Outlook for the Week (April 03, 2017 – April 07, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week  (April 03, 2017 – April 07, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 1.40%.

As we have mentioned last week that minor support for the index lies in the zone of 11400 to 11450. Support for the index lies in the zone of 11150 to 11200 where the index has taken multiple support in the month of March-2017. If the index manages to close below these levels then the index can drift to the levels of 10800 to 10900 from where the index broke out of January-2017 highs. During the week the index manages to hit a low of 11251 and close the week around the levels of 11649.

Minor support for the index lies in the zone of 11580 to 11600. Support for the index lies in the zone of 11450 to 11500 from where the index has broken out after consolidation. If the index manages to close below these levels then the index can drift to the levels of 11100 to 11200 where the index has taken multiple support in the month of March-2017.

Resistance for the index lies in the zone of 11750 to 11800. If the index manages to close above these levels then the index can move to the levels of 12050 to 12150 where Fibonacci extension is lying.

Broad range for the index is seen between 11350 to 11400 on downside & 11900 to 12000 on upside.

Nifty Energy Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week (March 27, 2017 – March 31, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on absolutely flat note.

As we have mentioned last week that Minor support for the index lies in the zone of 11400 to 11450. Support for the index lies in the zone of 11150 to 11200 where the index has taken multiple support in the month of March-2017. Support for the index lies in the zone of 10800 to 10900 from where the index broke out of January-2017 highs. During the week the index manages to hit a low of 11246 and close the week around the levels of 11485.

Minor support for the index lies in the zone of 11400 to 11450. Support for the index lies in the zone of 11150 to 11200 where the index has taken multiple support in the month of March-2017. If the index manages to close below these levels then the index can drift to the levels of 10800 to 10900 from where the index broke out of January-2017 highs.

The index is trading at the life time highs so virtually no resistance is lying. Resistance for the index lies in the zone of 11600 to 11650 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 11750 to 11800.

Broad range for the index is seen between 11150 to 11200 on downside & 11700 to 11750 on upside.

Nifty Energy Outlook for the Week (March 20, 2017 – March 24, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week (March 20, 2017 – March 24, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index 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 11400 to 11450. The index is trading at the life time highs so virtually no resistance is lying. Resistance for the index lies in the zone of 11600 to 11650 where Fibonacci extension is lying. During the week the index manages to hit a high of 11625 and close the week around the levels of 11487.

Minor support for the index lies in the zone of 11400 to 11450. Support for the index lies in the zone of 11150 to 11200 where the index has taken multiple support in the month of March-2017. Support for the index lies in the zone of 10800 to 10900 from where the index broke out of January-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 10600 to 10700 where Fibonacci levels and short term moving averages are lying.

The index is trading at the life time highs so virtually no resistance is lying. Resistance for the index lies in the zone of 11600 to 11650 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 11750 to 11800.

Broad range for the index is seen between 11150 to 11200 on downside & 11700 to 11750 on upside.

Nifty Energy Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week (March 14, 2017 – March 17, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 0.40%.

As we have mentioned last week that the index is trading at the life time highs so virtually no resistance is lying. Resistance for the index lies in the zone of 11500 to 11600 where Fibonacci extension is lying. During the week the index manages to hit a high of 11649 and close the week around the levels of 11351.

Minor support for the index lies in the zone of 11150 to 11200. Support for the index lies in the zone of 10800 to 10900 from where the index broke out of January-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 10600 to 10700 where Fibonacci levels and short term moving averages are lying.

Minor resistance for the index lies in the zone of 11400 to 11450. The index is trading at the life time highs so virtually no resistance is lying. Resistance for the index lies in the zone of 11600 to 11650 where Fibonacci extension is lying.

Broad range for the index is seen between 11000 to 11050 on downside & 11500 to 11550 on upside.

Nifty Energy Outlook for the Week (March 06, 2017 – March 10, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week (March 06, 2017 – March 10, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on absolutely flat note.

As we have mentioned last week that minor support for the index lies in the zone of 11050 to 11150. Support for the index lies in the zone of 10800 to 10900 from where the index broke out of January-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10600 where Fibonacci levels and short term moving averages are lying. During the week the index manages to hit a low of 11129 and close the week around the levels of 11305.

Minor support for the index lies in the zone of 11050 to 11150. Support for the index lies in the zone of 10800 to 10900 from where the index broke out of January-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 10600 to 10700 where Fibonacci levels and short term moving averages are lying.

The index is trading at the life time highs so virtually no resistance is lying. Resistance for the index lies in the zone of 11500 to 11600 where Fibonacci extension is lying.

Broad range for the index is seen between 11000 to 11050 on downside & 11500 to 11550 on upside.

Nifty Energy Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week (February 27, 2017 – March 03, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 4.30%.

As we have mentioned last week that the index is trading at the life time highs so virtually no resistance is lying. Resistance for the index lies in the zone of 11100 to 11200. During the week the index manages to hit a high of 11483 and close the week around the levels of 11311.

Minor support for the index lies in the zone of 11050 to 11150. Support for the index lies in the zone of 10800 to 10900 from where the index broke out of January-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10600 where Fibonacci levels and short term moving averages are lying.

The index is trading at the life time highs so virtually no resistance is lying. Resistance for the index lies in the zone of 11500 to 11600 where Fibonacci extension is lying.

Broad range for the index is seen between 11000 to 11050 on downside & 11500 to 11550 on upside.

Nifty Energy Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week (February 20, 2017 – February 24, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 1.60%.

As we have mentioned last week that support for the index lies in the zone of 10650 to 10700 from where the index broke out of June-2014 highs. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10550 from where the index broke out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10350 where short term moving averages and from where the index broke out from the October-2016 highs. During the week the index manages to hit a low of 10613 and close the week around the levels of 10846.

Support for the index lies in the zone of 10650 to 10700 from where the index broke out of June-2014 highs. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10550 from where the index broke out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10350 where short term moving averages and from where the index broke out from the October-2016 highs.

The index is trading at the life time highs so virtually no resistance is lying. Resistance for the index lies in the zone of 11100 to 11200.

Broad range for the index is seen between 10500 to 10550 on downside & 11200 to 11300 on upside.

Nifty Energy Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week (February 13, 2017 – February 17, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on negative note losing around 0.30%.

As we have mentioned last week that support for the index lies in the zone of 10650 to 10700 from where the index broke out of June-2014 highs. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10550 from where the index broke out on intraday basis. During the week the index manages to hit a low of 10663 and close the week around the levels of 10677.

Support for the index lies in the zone of 10650 to 10700 from where the index broke out of June-2014 highs. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10550 from where the index broke out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10350 where short term moving averages and from where the index broke out from the October-2016 highs.

The index is trading at the life time highs so virtually no resistance is lying. Resistance for the index lies in the zone of 10900 to 11000.

Broad range for the index is seen between 10400 to 10450 on downside to 10950 to 11000 on upside.

Nifty Energy Outlook for the Week (February 06, 2017 – February 10, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week (February 06, 2017 – February 10, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on negative note losing around 0.30%.

As we have mentioned last week that support for the index lies in the zone of 10650 to 10700 from where the index broke out of June-2014 highs. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10550 from where the index broke out on intraday basis. During the week the index manages to hit a low of 10650 and close the week around the levels of 10708.

Support for the index lies in the zone of 10650 to 10700 from where the index broke out of June-2014 highs. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10550 from where the index broke out on intraday basis.

The index is trading at the life time highs so virtually no resistance is lying. Resistance for the index lies in the zone of 10900 to 11000.

Broad range for the index is seen between 10400 to 10450 on downside to 10950 to 11000 on upside.

Nifty Energy Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week (January 30, 2017 – February 03, 2017) :

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 3.20%.

As we have mentioned last week that support for the index lies in the zone of 10250 to 10350 from where the index broke out of October-2016 and December-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10050 where short term moving averages are lying. During the week the index manages to hit a low of 10386 and close the week around the levels of 10735.

Support for the index lies in the zone of 10650 to 10700 from where the index broke out of June-2014 highs. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10550 from where the index broke out on intraday basis.

The index is trading at the life time highs so virtually no resistance is lying. Resistance for the index lies in the zone of 10900 to 11000.

Broad range for the index is seen between 10400 to 10450 on downside to 10950 to 11000 on upside.

Nifty Energy Outlook for the Week (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week (January 23, 2017 – January 27, 2017) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on negative note losing around 2.30%.

As we have mentioned last week that minor support for the index lies in the zone of 10500 to 10550. Support for the index lies in the zone of 10250 to 10350 from where the index broke out of October-2016 and December-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10050 where short term moving averages are lying. During the week the index manages to hit a high of 10348 and close the week around the levels of 10407.

Support for the index lies in the zone of 10250 to 10350 from where the index broke out of October-2016 and December-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10050 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 10500 to 10550. Major resistance for the index lies in the zone of 10600 to 10700 where life time highs for the index is lying. If the index manages to close above these levels then the index will broke out of consolidation zone of more than 2 years and the index can move to the levels of 10900.

Broad range for the index is seen between 10100 to 10150 on downside to 10650 to 10700 on upside.

Nifty Energy Outlook for the Week (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week (January 16, 2017 – January 20, 2017) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on positive note gaining around 1.80%.

As we have mentioned last week that major resistance for the index lies in the zone of 10600 to 10700 where life time highs for the index is lying. If the index manages to close above these levels then the index will broke out of consolidation zone of more than 2 years and the index can move to the levels of 10900. During the week the index manages to hit a high of 10704 and close the week around the levels of 10656.

Minor support for the index lies in the zone of 10500 to 10550. Support for the index lies in the zone of 10250 to 10350 from where the index broke out of October-2016 and December-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10050 where short term moving averages are lying.

Major resistance for the index lies in the zone of 10600 to 10700 where life time highs for the index is lying. If the index manages to close above these levels then the index will broke out of consolidation zone of more than 2 years and the index can move to the levels of 10900.

Broad range for the index is seen between 10400 to 10450 on downside to 10850 to 10900 on upside.

Nifty Energy Outlook for the Week (January 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week (January 09, 2017 – January 13, 2017) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on positive note gaining around 1.90%.

As we have mentioned last week that resistance for the index lies in the zone of 10200 to 10300 where the index has made a top in the month of October-2016. If the index manages to close above these levels then the index can move to the levels of 10500 to 10600 where life time highs for the index is lying. During the week the index manages to hit a high of 10591 and close the week around the levels of 10469.

Minor support for the index lies in the zone of 10250 to 10350 from where the index broke out on October highs. Support for the index lies in the zone of 9950 to 10000 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9750 to 9800 where the index has formed a bottom in the month of December-2016.

Major resistance for the index lies in the zone of 10600 to 10700 where life time highs for the index is lying. If the index manages to close above these levels then the index will broke out of consolidation zone of more than 2 years and the index can move to the levels of 10900.

Broad range for the index is seen between 10200 to 10250 on downside to 10650 to 10700 on upside.

Nifty Energy Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for NIFTY ENERGY for the week (January 02, 2017 – January 06, 2017) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on positive note gaining around 2.10%.

As we have mentioned last week that minor support for the index lies in the zone of 9930 to 9960 on intraday basis. Support for the index lies in the zone of 9650 to 9700. Support for the index lies in the zone of 9500 to 9550 from where the index has bounced in the month of September – 2016. If the index manages to close below these levels then the index can drift to the levels of 8800 to 9000 from where the index has broken out of the double top pattern. During the week the index manages to hit a low of 9915 and close the week around the levels of 10272.

Minor support for the index lies in the zone of 10100 to 10150. Support for the index lies in the zone of 9950 to 10000 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9750 to 9800 where the index has formed a bottom in the month of December-2016.

Resistance for the index lies in the zone of 10200 to 10300 where the index has made a top in the month of October-2016. If the index manages to close above these levels then the index can move to the levels of 10500 to 10600 where life time highs for the index is lying.

Broad range for the index is seen between 10000 to 10050 on downside to 10500 to 10600 on upside.

Nifty Energy Outlook for the Week (December 26, 2016 – December 30, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (December 26, 2016 – December 30, 2016) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 10200 to 10300 where the index has made a top in the month of October-2016. If the index manages to close above these levels then the index can move to the levels of 10500 to 10600 where life time highs for the index is lying. During the week the index manages to hit a high of 10193 and close the week around the levels of 10062.

Minor support for the index lies in the zone of 9930 to 9960 on intraday basis. Support for the index lies in the zone of 9650 to 9700. Support for the index lies in the zone of 9500 to 9550 from where the index has bounced in the month of September – 2016. If the index manages to close below these levels then the index can drift to the levels of 8800 to 9000 from where the index has broken out of the double top pattern.

Resistance for the index lies in the zone of 10200 to 10300 where the index has made a top in the month of October-2016. If the index manages to close above these levels then the index can move to the levels of 10500 to 10600 where life time highs for the index is lying.

Broad range for the index is seen between 9700 to 9750 on downside to 10300 to 10400 on upside.

Nifty Energy Outlook for the Week (December 19, 2016 – December 23, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (December 19, 2016 – December 23, 2016) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 10200 to 10300 where the index has made a top in the month of October-2016. If the index manages to close above these levels then the index can move to the levels of 10500 to 10600 where life time highs for the index is lying. During the week the index manages to hit a high of 10245 and close the week around the levels of 10081.

Minor support for the index lies in the zone of 9930 to 9960 on intraday basis. Support for the index lies in the zone of 9650 to 9700. Support for the index lies in the zone of 9500 to 9550 from where the index has bounced in the month of September – 2016. If the index manages to close below these levels then the index can drift to the levels of 8800 to 9000 from where the index has broken out of the double top pattern.

Resistance for the index lies in the zone of 10200 to 10300 where the index has made a top in the month of October-2016. If the index manages to close above these levels then the index can move to the levels of 10500 to 10600 where life time highs for the index is lying.

Broad range for the index is seen between 9700 to 9750 on downside to 10300 to 10400 on upside.

Nifty Energy Outlook for the Week (December 12, 2016 – December 16, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (December 12, 2016 – December 16, 2016) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on positive note gaining around 3.10%.

As we have mentioned last week that minor support for the index lies in the zone of 9650 to 9700 on intraday basis. Support for the index lies in the zone of 9500 to 9550 from where the index has bounced in the month of September – 2016. If the index manages to close below these levels then the index can drift to the levels of 8800 to 9000 from where the index has broken out of the double top pattern. During the week the index manages to hit a low of 9742 and close the week around the levels of 10112.

Minor support for the index lies in the zone of 9930 to 9960 on intraday basis. Support for the index lies in the zone of 9650 to 9700. Support for the index lies in the zone of 9500 to 9550 from where the index has bounced in the month of September – 2016. If the index manages to close below these levels then the index can drift to the levels of 8800 to 9000 from where the index has broken out of the double top pattern.

Resistance for the index lies in the zone of 10200 to 10300 where the index has made a top in the month of October-2016. If the index manages to close above these levels then the index can move to the levels of 10500 to 10600 where life time highs for the index is lying.

Broad range for the index is seen between 9700 to 9750 on downside to 10300 to 10400 on upside.

Nifty Energy Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (December 05, 2016 – December 09, 2016) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 9850 to 10000 from where the index has broken down from the lows of October – 2016. If the index manages to close above these levels then the index can move to the levels of 10200 to 10300 where the index has made a top in the month of October-2016. During the week the index manages to hit a high of 10030 and close the week around the levels of 9805.

Minor support for the index lies in the zone of 9650 to 9700 on intraday basis. Support for the index lies in the zone of 9500 to 9550 from where the index has bounced in the month of September – 2016. If the index manages to close below these levels then the index can drift to the levels of 8800 to 9000 from where the index has broken out of the double top pattern.

Resistance for the index lies in the zone of 9850 to 10000 from where the index has broken down from the lows of October – 2016. If the index manages to close above these levels then the index can move to the levels of 10200 to 10300 where the index has made a top in the month of October-2016.

Broad range for the index is seen between 9500 to 9550 on downside to 10000 to 10100 on upside.

Nifty Energy Outlook for the Week (November 28, 2016 – December 02, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (November 28, 2016 – December 02, 2016) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 9850 to 10000 from where the index has broken down from the lows of October – 2016. If the index manages to close above these levels then the index can move to the levels of 10200 to 10300 where the index has made a top in the month of October-2016. During the week the index manages to hit a high of 9847 and close the week around the levels of 9806.

Support for the index lies in the zone of 9500 to 9550 from where the index has bounced in the month of September – 2016 and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8800 to 9000 from where the index has broken out of the double top pattern.

Resistance for the index lies in the zone of 9850 to 10000 from where the index has broken down from the lows of October – 2016. If the index manages to close above these levels then the index can move to the levels of 10200 to 10300 where the index has made a top in the month of October-2016.

Broad range for the index is seen between 9500 to 9550 on downside to 10000 to 10100 on upside.

Nifty Energy Outlook for the Week (November 21, 2016 – November 25, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (November 21, 2016 – November 25, 2016) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on absolutely flat note.

As we have mentioned last week that support for the index lies in the zone of 9500 to 9550 from where the index has bounced in the month of September – 2016 and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8800 to 9000 from where the index has broken out of the double top pattern. During the week the index manages to hit a low of 9575 and close the week around the levels of 9797.

Support for the index lies in the zone of 9500 to 9550 from where the index has bounced in the month of September – 2016 and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8800 to 9000 from where the index has broken out of the double top pattern.

Resistance for the index lies in the zone of 9850 to 10000 from where the index has broken down from the lows of October – 2016. If the index manages to close above these levels then the index can move to the levels of 10200 to 10300 where the index has made a top in the month of October-2016.

Broad range for the index is seen between 9500 to 9550 on downside to 10000 to 10100 on upside.

Nifty Energy Outlook for the Week (November 15, 2016 – November 18, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (November 15, 2016 – November 18, 2016) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on negative note losing around 1.00%.

As we have mentioned last week that support for the index lies in the zone of 9500 to 9550 from where the index has bounced in the month of September – 2016 and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8800 to 9000 from where the index has broken out of the double top pattern. During the week the index manages to hit a low of 9168 and close the week around the levels of 9807.

Support for the index lies in the zone of 9500 to 9550 from where the index has bounced in the month of September – 2016 and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8800 to 9000 from where the index has broken out of the double top pattern.

Resistance for the index lies in the zone of 9850 to 10000 from where the index has broken down from the lows of October – 2016. If the index manages to close above these levels then the index can move to the levels of 10200 to 10300 where the index has made a top in the month of October-2016.

Broad range for the index is seen between 9500 to 9550 on downside to 10000 to 10100 on upside.

Nifty Energy Outlook for the Week (November 07, 2016 – November 11, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (November 07, 2016 – November 11, 2016) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on negative note losing around 3.60%.

As we have mentioned last week that support for the index lies in the zone of 9900 to 10000 from where the index has broken out of the top formed in the month of September – 2016. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9700 where short term moving averages are lying. During the week the index manages to hit a low of 9653 and close the week around the levels of 9711.

Support for the index lies in the zone of 9500 to 9550 from where the index has bounced in the month of September – 2016 and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8800 to 9000 from where the index has broken out of the double top pattern.

Resistance for the index lies in the zone of 9850 to 10000 from where the index has broken down from the lows of October – 2016. If the index manages to close above these levels then the index can move to the levels of 10100 to 10200 from where the index has broken down.

Broad range for the index is seen between 9500 to 9550 on downside to 10000 to 10100 on upside.

Nifty Energy Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (November 01, 2016 – November 04, 2016) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on absolutely flat note.

As we have mentioned last week that support for the index lies in the zone of 9900 to 10000 from where the index has broken out of the top formed in the month of September – 2016. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9700 where short term moving averages are lying. During the week the index manages to hit a low of 10003 and close the week around the levels of 10092.

Support for the index lies in the zone of 9900 to 10000 from where the index has broken out of the top formed in the month of September – 2016. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9700 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 10200 to 10300. Resistance for the index lies in the zone of 10400 to 10500. If the index manages to close above these levels then the index can move to the levels of 10700 where life time high for the index is lying.

Broad range for the index is seen between 9600 to 9700 on downside to 10400 to 10500 on upside.

Nifty Energy Outlook for the Week (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (October 24, 2016 – October 28, 2016) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on positive note gaining around 0.40%.

As we have mentioned last week that support for the index lies in the zone of 9900 to 10000 from where the index has broken out of the top formed in the month of September – 2016. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9700 where short term moving averages are lying. During the week the index manages to hit a low of 9972 and close the week around the levels of 10106.

Support for the index lies in the zone of 9900 to 10000 from where the index has broken out of the top formed in the month of September – 2016. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9700 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 10200 to 10300. Resistance for the index lies in the zone of 10400 to 10500. If the index manages to close above these levels then the index can move to the levels of 10700 where life time high for the index is lying.

Broad range for the index is seen between 9600 to 9700 on downside to 10400 to 10500 on upside.

Nifty Energy Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (October 17, 2016 – October 21, 2016) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on negative note losing around 0.80%.

As we have mentioned last week that support for the index lies in the zone of 10000 from where the index has broken out of the top formed in the month of September – 2016. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9700 where short term moving averages are lying. During the week the index manages to hit a low of 9856 and close the week around the levels of 10062.

Support for the index lies in the zone of 9900 to 10000 from where the index has broken out of the top formed in the month of September – 2016. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9700 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 10200 to 10300. Resistance for the index lies in the zone of 10400 to 10500. If the index manages to close above these levels then the index can move to the levels of 10700 where life time high for the index is lying.

Broad range for the index is seen between 9600 to 9700 on downside to 10400 to 10500 on upside.

Nifty Energy Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (October 10, 2016 – October 14, 2016) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on positive note gaining around 4.00%.

As we have mentioned last week that resistance for the index lies in the zone of 9950 to 10000. If the index manages to close above these levels then the index can move to the levels of 10500. During the week the index manages to hit a high of 10344 and close the week around the levels of 10145.

Support for the index lies in the zone of 10000 from where the index has broken out of the top formed in the month of September – 2016. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9700 where short term moving averages are lying.

Resistance for the index lies in the zone of 10400 to 10500. If the index manages to close above these levels then the index can move to the levels of 10700 where life time high for the index is lying.

Broad range for the index is seen between 9600 to 9700 on downside to 10400 to 10500 on upside.

Nifty Energy Outlook for the Week (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (October 03, 2016 – October 07, 2016) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on negative note losing around 1.30%.

As we have mentioned last week that resistance for the index lies in the zone of 9950 to 10000. If the index manages to close above these levels then the index can move to the levels of 10500. During the week the index manages to hit a high of 10018 and close the week around the levels of 9756.

Support for the index lies in the zone of 9450 to 9500 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 9200 to 9250.

Resistance for the index lies in the zone of 9950 to 10000. If the index manages to close above these levels then the index can move to the levels of 10500.

Broad range for the index is seen between 9500 to 9550 on downside to 10000 to 10100 on upside.

Nifty Energy Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (September 26, 2016 – September 30, 2016) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed 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 9700 to 9750 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 9850 to 9900. During the week the index manages to hit a high of 9934 and close the week around the levels of 9886.

Support for the index lies in the zone of 9740 to 9760 from where the index has broken out of the double top pattern. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 where short term moving averages are lying.

Resistance for the index lies in the zone of 9950 to 10000. If the index manages to close above these levels then the index can move to the levels of 10500.

Broad range for the index is seen between 9650 to 9700 on downside to 10100 to 10200 on upside.

Nifty Energy Outlook for the Week (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (September 19, 2016 – September 23, 2016) :

NIFTY ENERGY:

 

cnxenergy

 

Nifty ENERGY index closed the week on negative note losing around 0.20%.

As we have mentioned last week that resistance for the index lies in the zone of 9700 to 9750 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 9850 to 9900. During the week the index manages to hit a high of 9756 and close the week around the levels of 9645.

Minor support for the index lies in the zone of 9450 to 9500. Support for the index lies in the zone of 9300 where short term moving average are lying. If the index manages to close below these levels then the index can drift to the levels of 9000 where medium term moving averages are lying.

Resistance for the index lies in the zone of 9700 to 9750 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 9850 to 9900.

Broad range for the index is seen between 9300 to 9350 on downside to 9850 to 9900 on upside.

Nifty Energy Outlook for the Week (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (September 12, 2016 – September 16, 2016) :

NIFTY ENERGY:

 

energy

 

Nifty ENERGY index closed the week on positive note gaining around 1.70%.

As we have mentioned last week that resistance for the index lies in the zone of 9580 to 9620. If the index manages to close above these levels then the index can move to the levels of 9700 to 9750. During the week the index manages to hit a high of 9720 and close the week around the levels of 9668.

Minor support for the index lies in the zone of 9400 to 9430. Support for the index lies in the zone of 9300 where short term moving average are lying. If the index manages to close below these levels then the index can drift to the levels of 9000 where medium term moving averages are lying.

Resistance for the index lies in the zone of 9700 to 9750 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 9850 to 9900.

Broad range for the index is seen between 9250 to 9300 on downside to 9800 to 9850 on upside.

Nifty Energy Outlook for the Week (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (September 06, 2016 – September 09, 2016) :

NIFTY ENERGY:

 

cnxenergy

 

Nifty ENERGY index closed the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 9530 to 9550. If the index manages to close above these levels then the index can move to the levels of 9700 to 9750. During the week the index manages to hit a high of 9745 and close the week around the levels of 9500.

Minor support for the index lies in the zone of 9200 to 9240. Support for the index lies in the zone of 8880 to 8910 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8680 to 8720 from where the index has broken out of the medium term top.

Resistance for the index lies in the zone of 9580 to 9620. If the index manages to close above these levels then the index can move to the levels of 9700 to 9750.

Broad range for the index is seen between 9250 to 9300 on downside to 9700 to 9750 on upside.

Nifty Energy Outlook for the Week (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (August 29, 2016 – September 02, 2016) :

NIFTY ENERGY:

 

CNXENERGY

 

Nifty ENERGY index closed the week on negative note losing around 0.40%.

As we have mentioned last week that resistance for the index lies in the zone of 9530 to 9550. If the index manages to close above these levels then the index can move to the levels of 9700 to 9750. During the week the index manages to hit a high of 9584 and close the week around the levels of 9488.

Minor support for the index lies in the zone of 9200 to 9240. Support for the index lies in the zone of 8880 to 8910 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8680 to 8720 from where the index has broken out of the medium term top.

Resistance for the index lies in the zone of 9530 to 9550. If the index manages to close above these levels then the index can move to the levels of 9700 to 9750.

Broad range for the index is seen between 9250 to 9300 on downside to 9650 to 9700 on upside.

Nifty Energy Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (August 22, 2016 – August 26, 2016):

NIFTY ENERGY:

 

cnxenergy

 

Nifty ENERGY index closed the week on positive note gaining around 0.90%.

As we have mentioned last week that resistance for the index lies in the zone of 9500 to 9530. If the index manages to close above these levels then the index can move to the levels of 9600 to 9700. During the week the index manages to hit a high of 9539 and close the week around the levels of 9523.

Minor support for the index lies in the zone of 9200 to 9240. Support for the index lies in the zone of 8880 to 8910 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8680 to 8720 from where the index has broken out of the medium term top.

Resistance for the index lies in the zone of 9530 to 9550. If the index manages to close above these levels then the index can move to the levels of 9700 to 9750.

Broad range for the index is seen between 9300 to 9350 on downside to 9700 to 9750 on upside.

Nifty Energy Outlook for the Week (August 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (August 16, 2016 – August 19, 2016):

NIFTY ENERGY:

 

cnxenergy

 

Nifty ENERGY index closed the week on positive note gaining around 0.50%.

As we have mentioned last week that minor support for the index lies in the zone of 9150 to 9200. Support for the index lies in the zone of 8880 to 8910 where the index has opened gap up on 11/07/2016 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 8680 to 8720 from where the index has broken out of the medium term top. During the week the index manages to hit a low of 9241 and close the week around the levels of 9434.

Minor support for the index lies in the zone of 9150 to 9200. Support for the index lies in the zone of 8880 to 8910 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8680 to 8720 from where the index has broken out of the medium term top.

Resistance for the index lies in the zone of 9500 to 9530. If the index manages to close above these levels then the index can move to the levels of 9600 to 9700.

Broad range for the index is seen between 9200 to 9250 on downside to 9600 to 9650 on upside.

Nifty Energy Outlook for the Week (August 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (August 08, 2016 – August 12, 2016):

NIFTY ENERGY:

 

cnxenergy

 

Nifty ENERGY index closed the week on positive note gaining around 0.90%.

As we have mentioned last week that minor support for the index lies in the zone of 9150 to 9200. Support for the index lies in the zone of 8880 to 8910 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8680 to 8720 from where the index has broken out of the medium term top and short term moving averages are lying. During the week the index manages to hit a low of 9120 and close the week around the levels of 9393.

Minor support for the index lies in the zone of 9150 to 9200. Support for the index lies in the zone of 8880 to 8910 where the index has opened gap up on 11/07/2016 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 8680 to 8720 from where the index has broken out of the medium term top.

Resistance for the index lies in the zone of 9350 to 9400. If the index manages to close above these levels then the index can move to the levels of 9600 to 9700.

Broad range for the index is seen between 9150 to 9200 on downside to 9550 to 9600 on upside.

Nifty Energy Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (August 01, 2016 – August 05, 2016):

NIFTY ENERGY:

 

cnxenergy

 

Nifty ENERGY index closed 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 9300. If the index manages to close above these levels then the index can move to the levels of 9450 to 9500. During the week the index manages to hit a high of 9390 and close the week around the levels of 9312.

Minor support for the index lies in the zone of 9150 to 9200. Support for the index lies in the zone of 8880 to 8910 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8680 to 8720 from where the index has broken out of the medium term top and short term moving averages are lying.

Resistance for the index lies in the zone of 9350 to 9400. If the index manages to close above these levels then the index can move to the levels of 9500 to 9550.

Broad range for the index is seen between 9100 to 9150 on downside to 9500 to 9550 on upside.

Nifty Energy Outlook for the Week (July 25, 2016 – July 29, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (July 25, 2016 – July 29, 2016):

NIFTY ENERGY:

 

CNXENERGY

 

Nifty ENERGY index closed the week on positive note gaining around 1.50%.

As we have mentioned last week that minor support for the index lies in the zone of 8880 to 8910 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8680 to 8720 from where the index has broken out of the medium term top and short term moving averages are lying. During the week the index manages to hit a low of 8931 and close the week around the levels of 9207.

Minor support for the index lies in the zone of 8880 to 8910 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8680 to 8720 from where the index has broken out of the medium term top and short term moving averages are lying.

Resistance for the index lies in the zone of 9300. If the index manages to close above these levels then the index can move to the levels of 9450 to 9500.

Broad range for the index is seen between 9000 to 9050 on downside to 9400 to 9450 on upside.

Nifty Energy Outlook for the Week (July 18, 2016 – July 22, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (July 18, 2016 – July 22, 2016):

NIFTY ENERGY:

 

niftyenergy

 

Nifty ENERGY index closed the week on positive note gaining around 2.70%.

As we have mentioned last week that minor resistance for the index lies in the zone of 8800 to 8900. Resistance for the index lies in the zone of 9100 from where the index has retraced couple of times in Feb – 2015 and July – 2015. During the week the index manages to hit a high of 9149 and close the week around the levels of 9067.

Minor support for the index lies in the zone of 8880 to 8910 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8680 to 8720 from where the index has broken out of the medium term top and short term moving averages are lying.

Resistance for the index lies in the zone of 9100 to 9150 from where the index has retraced couple of times in Feb – 2015 and July – 2015. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450.

Broad range for the index is seen between 8800 to 8850 on downside to 9200 to 9250 on upside.

Nifty Energy Outlook for the Week (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (July 11, 2016 – July 15, 2016):

NIFTY ENERGY:

 

cnxenergy

 

Nifty ENERGY index 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 8800 to 8900. Resistance for the index lies in the zone of 9100 from where the index has retraced couple of times in Feb – 2015 and July – 2015. During the week the index manages to hit a high of 9025 and close the week around the levels of 8825.

Minor support for the index lies in the zone of 8650 to 8700 from where the index has broken out of the medium term top. If the index manages to close below these levels then the index can drift to the levels of 8400 to 8450 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 8800 to 8900. Resistance for the index lies in the zone of 9100 from where the index has retraced couple of times in Feb – 2015 and July – 2015.

Broad range for the index is seen between 8550 to 8600 on downside to 9000 to 9050 on upside.

Nifty Energy Outlook for the Week (July 04, 2016 – July 08, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (July 04, 2016 – July 08, 2016):

NIFTY ENERGY:

 

cnxenergy

 

Nifty ENERGY index closed the week on positive note gaining around 5.00%.

As we have mentioned last week that minor resistance for the index lies in the zone of 8500. Resistance for the index lies in the zone of 8700 where the index has hit a high in the month of April – 2016. If the index manages to close above these levels then the index can move to the levels of 8800 to 8900. During the week the index manages to hit a high of 8867 and close the week around the levels of 8849.

Minor support for the index lies in the zone of 8650 to 8700 from where the index has broken out of the medium term top. If the index manages to close below these levels then the index can drift to the levels of 8400 to 8450 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 8800 to 8900. Resistance for the index lies in the zone of 9100 from where the index has retraced couple of times in Feb – 2015 and July – 2015.

Broad range for the index is seen between 8550 to 8600 on downside to 9000 to 9050 on upside.

Nifty Energy Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (June 27, 2016 – July 01, 2016):

NIFTY ENERGY:

 

cnxenergy

 

Nifty ENERGY index closed the week on negative note losing around 1.40%.

As we have mentioned last week that support for the index lies in the zone of 8300 to 8350 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 8100 to 8150 from where 200 Daily SMA is lying. During the week the index manages to hit a low of 8280 and close the week around the levels of 8428.

Support for the index lies in the zone of 8250 to 8300 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8100 to 8150 from where 200 Daily SMA is lying.

Minor resistance for the index lies in the zone of 8500. Resistance for the index lies in the zone of 8700 where the index has hit a high in the month of April – 2016. If the index manages to close above these levels then the index can move to the levels of 8800 to 8900.

Broad range for the index is seen between 8200 to 8250 on downside to 8650 to 8700 on upside.

Nifty Energy Outlook for the Week (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (June 20, 2016 – June 24, 2016):

NIFTY ENERGY:

 

cnxenergy

 

Nifty ENERGY index closed the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 8700 where the index has hit a high in the month of April – 2016. If the index manages to close above these levels then the index can move to the levels of 8800 to 8900. During the week the index manages to hit a high of 8618 and close the week around the levels of 8551.

Support for the index lies in the zone of 8300 to 8350 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 8100 to 8150 from where 200 Daily SMA is lying.

Resistance for the index lies in the zone of 8700 where the index has hit a high in the month of April – 2016. If the index manages to close above these levels then the index can move to the levels of 8800 to 8900.

Broad range for the index is seen between 8200 to 8250 on downside to 8650 to 8700 on upside.

Nifty Energy Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (June 13, 2016 – June 17, 2016):

NIFTY ENERGY:

 

cnxenergy

 

Nifty ENERGY index 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 8500. Resistance for the index lies in the zone of 8700 where the index has hit a high in the month of April – 2016. If the index manages to close above these levels then the index can move to the levels of 8800 to 8900. During the week the index manages to hit a high of 8630 and close the week around the levels of 8547.

Support for the index lies in the zone of 8300 to 8350 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 8100 to 8150 from where 200 Daily SMA is lying.

Resistance for the index lies in the zone of 8700 where the index has hit a high in the month of April – 2016. If the index manages to close above these levels then the index can move to the levels of 8800 to 8900.

Broad range for the index is seen between 8200 to 8250 on downside to 8650 to 8700 on upside.

Nifty Energy Outlook for the Week (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (June 06, 2016 – June 10, 2016):

NIFTY ENERGY:

 

NIFTYENERGY

 

Nifty ENERGY index closed the week on absolutely flat note.

As we have mentioned last week that support for the index lies in the zone of 8200 to 8250 where short term moving averages and 100 & 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7900 to 7920 from where the index has broken out in the month of March – 2016. During the week the index manages to hit a low of 8318 and close the week around the levels of 8447.

Support for the index lies in the zone of 8200 to 8250 where short term moving averages and 100 & 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7900 to 7920 from where the index has broken out in the month of March – 2016.

Minor resistance for the index lies in the zone of 8500. Resistance for the index lies in the zone of 8700 where the index has hit a high in the month of April – 2016. If the index manages to close above these levels then the index can move to the levels of 8800 to 8900.

Broad range for the index is seen between 8200 to 8250 on downside to 8650 to 8700 on upside.

Nifty Energy Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (May 30, 2016 – June 03, 2016):

NIFTY ENERGY:

 

niftyenergy

 

Nifty ENERGY index closed the week on positive note gaining around 3.80%.

As we have mentioned last week that strong resistance for the index lies in the zone of 8200 to 8250 where short term moving averages and 100 & 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 8350 to 8400. During the week the index manages to hit a high of 8499 and close the week around the levels of 8454.

Support for the index lies in the zone of 8200 to 8250 where short term moving averages and 100 & 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7900 to 7920 from where the index has broken out in the month of March – 2016.

Resistance for the index lies in the zone of 8700 where the index has hit a high in the month of April – 2016. If the index manages to close above these levels then the index can move to the levels of 8800 to 8900.

Broad range for the index is seen between 8200 to 8250 on downside to 8750 to 8800 on upside.

Nifty Energy Outlook for the Week (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (May 23, 2016 – May 27, 2016):

NIFTY ENERGY:

 

jcharts(6)

 

Nifty ENERGY index closed the week on negative note losing around 2.10%.

As we have mentioned last week that support for the index lies in the zone of 8150 to 8200 where 100, 200 and 1000 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7900 from where the index has broken out in the month of March – 2016. During the week the index manages to hit a low of 8118 and close the week around the levels of 8131.

Minor support for the index lies in the zone of 7900 to 7920 from where the index has broken out in the month of March – 2016. If the index manages to close below these levels then the index can drift to the levels of 7600.

Strong resistance for the index lies in the zone of 8200 to 8250 where short term moving averages and 100 & 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 8350 to 8400.

Broad range for the index is seen between 7950 to 8000 on downside to 8250 to 8300 on upside.

Nifty Energy Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (May 16, 2016 – May 20, 2016):

NIFTY ENERGY:

 

niftyenergy

 

Nifty ENERGY index closed the week on absolutely flat note.

As we have mentioned last week that support for the index lies in the zone of 8150 to 8200 where 100, 200 and 1000 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7900 from where the index has broken out in the month of March – 2016. During the week the index manages to hit a low of 8245 and close the week around the levels of 8300.

Support for the index lies in the zone of 8150 to 8200 where 100, 200 and 1000 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7900 from where the index has broken out in the month of March – 2016.

Minor resistance for the index lies in the zone of 8500. Resistance for the index lies in the zone of 8700 where 500 Daily SMA and 100 Weekly SMA is lying. If the index manages to close above these levels then the index can move to the levels of 9100.

Broad range for the index is seen between 8100 to 8150 on downside to 8450 to 8500 on upside.

Nifty Energy Outlook for the Week (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (May 09, 2016 – May 13, 2016):

NIFTY ENERGY:

 

niftyenergy

 

Nifty ENERGY index closed the week on negative note losing around 1.30%.

As we have mentioned last week that minor resistance for the index lies in the zone of 8500. Resistance for the index lies in the zone of 8700 where 500 Daily SMA and 100 Weekly SMA is lying. If the index manages to close above these levels then the index can move to the levels of 9100. During the week the index manages to hit a high of 8483 and close the week around the levels of 8300.

Support for the index lies in the zone of 8150 to 8200 where 100, 200 and 1000 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7900 from where the index has broken out in the month of March – 2016.

Minor resistance for the index lies in the zone of 8500. Resistance for the index lies in the zone of 8700 where 500 Daily SMA and 100 Weekly SMA is lying. If the index manages to close above these levels then the index can move to the levels of 9100.

Broad range for the index is seen between 8100 to 8150 on downside to 8450 to 8500 on upside.

Nifty Energy Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (May 02, 2016 – May 06, 2016):

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on negative note losing around 3.00%.

As we have mentioned last week that the index has closed around the strong resistance zone of 8700 where 500 Daily SMA and 100 Weekly SMA is lying. If the index manages to close above these levels then the index can move to the levels of 9100. During the week the index manages to hit a high of 8668 and close the week around the levels of 8400.

Support for the index lies in the zone of 8150 to 8200 where 100, 200 and 1000 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7900 from where the index has broken out in the month of March – 2016.

Minor resistance for the index lies in the zone of 8500. Resistance for the index lies in the zone of 8700 where 500 Daily SMA and 100 Weekly SMA is lying. If the index manages to close above these levels then the index can move to the levels of 9100.

Broad range for the index is seen between 8150 to 8200 on downside to 8600 to 8650 on upside.

Nifty Energy Outlook for the Week (April 25, 2016 – April 29, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (April 25, 2016 – April 29, 2016):

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on absolutely flat note.

As we have mentioned last week that the index has closed around the strong resistance zone of 8700 where 500 Daily SMA and 100 Weekly SMA is lying. If the index manages to close above these levels then the index can move to the levels of 9100. During the week the index manages to hit a high of 8717 and close the week around the levels of 8662.

Minor support for the index lies in the zone of 8500 to 8575 levels. If the index manages to close below this levels then the index can drift to the levels of 8150 to 8200 where 100, 200 and 1000 Daily SMA is lying.

The index has closed around the strong resistance zone of 8700 where 500 Daily SMA and 100 Weekly SMA is lying. If the index manages to close above these levels then the index can move to the levels of 9100.

Broad range for the index is seen between 8400 to 8450 on downside to 8800 to 8850 on upside.

Nifty Energy Outlook for the Week (April 18, 2016 – April 22, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (April 18, 2016 – April 22, 2016):

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 3.30%.

As we have mentioned last week that minor resistance for the index lies in the zone of 8500. Resistance for the index lies in the zone of 8700 where 500 Daily SMA and 100 Weekly SMA is lying. If the index manages to close above these levels then the index can move to the levels of 9100. During the week the index manages to hit a high of 8695 and close the week around the levels of 8678.

Minor support for the index lies in the zone of 8500 to 8575 levels. If the index manages to close below this levels then the index can drift to the levels of 8150 to 8200 where 100, 200 and 1000 Daily SMA is lying.

The index has closed around the strong resistance zone of 8700 where 500 Daily SMA and 100 Weekly SMA is lying. If the index manages to close above these levels then the index can move to the levels of 9100.

Broad range for the index is seen between 8400 to 8450 on downside to 8800 to 8850 on upside.

Nifty Energy Outlook for the Week (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (April 11, 2016 – April 13, 2016):

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 0.50%.

As we have mentioned last week that strong support for the index lies in the zone of 8100 to 8200 where 100, 200 and 1000 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 8000. During the week the index manages to hit a low of 8264 and close the week around the levels of 8395.

Strong support for the index lies in the zone of 8100 to 8150 where 100, 200 and 1000 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 8000.

Minor resistance for the index lies in the zone of 8500. Resistance for the index lies in the zone of 8700 where 500 Daily SMA and 100 Weekly SMA is lying. If the index manages to close above these levels then the index can move to the levels of 9100.

Broad range for the index is seen between 8100 to 8150 on downside to 8500 to 8550 on upside.

Nifty Energy Outlook for the Week (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (April 04, 2016 – April 08, 2016):

NIFTY ENERGY:-

 

NIFTYENERG

 

Nifty ENERGY index closed 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 8500 to 8700 where 500 Daily SMA and 100 Weekly SMA is lying. If the index manages to close above this levels then the index can move to the levels of 9100. During the week the index manages to hit a high of 8503 and close the week around the levels of 8350.

Strong support for the index lies in the zone of 8100 to 8200 where 100, 200 and 1000 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 8000.

Resistance for the index lies in the zone of 8500 to 8700 where 500 Daily SMA and 100 Weekly SMA is lying. If the index manages to close above this levels then the index can move to the levels of 9100.

Broad range for the index is seen between 8050 to 8100 on downside to 8450 to 8500 on upside.

Nifty Energy Outlook for the Week (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (March 28, 2016 – April 01, 2016):

NIFTY ENERGY:-

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 0.40%.

As we have mentioned last week that strong support for the index lies in the zone of 8100 to 8200 where 100, 200 and 1000 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 8000. During the week the index manages to hit a low of 8276 and close the week around the levels of 8309.

Strong support for the index lies in the zone of 8100 to 8200 where 100, 200 and 1000 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 8000.

Resistance for the index lies in the zone of 8500 to 8700 where 500 Daily SMA and 100 Weekly SMA is lying. If the index manages to close above this levels then the index can move to the levels of 9100.

Broad range for the index is seen between 8050 to 8100 on downside to 8450 to 8500 on upside.

Nifty Energy Outlook for the Week (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for NIFTY Energy for the week (March 21, 2016 – March 23, 2016):

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 2.00%.

As we have mentioned last week that resistance for the index lies in the zone of 8100 to 8200 where 100, 200 and 1000 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8700 where 500 Daily SMA is lying. During the week the index manages to hit a high of 8313 and close the week around the levels of 8276.

Strong support for the index lies in the zone of 8100 to 8200 where 100, 200 and 1000 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 8000.

Resistance for the index lies in the zone of 8700 where 500 Daily SMA and 100 Weekly SMA is lying. If the index manages to close above this levels then the index can move to the levels of 9100.

Broad range for the index is seen between 8000 to 8100 on downside to 8450 to 8500 on upside.

Nifty Energy Outlook for the Week (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (March 14, 2016 – March 18, 2016):

 

NIFTY ENERGY:

 

 

NIFTYENERG

 

Nifty ENERGY index closed 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 8100 to 8200 where 100, 200 and 1000 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8700 where 500 Daily SMA is lying. During the week the index manages to hit a high of 8259 and close the week around the levels of 8114.

Minor support for the index lies in the zone of 7700 to 7800. Support for the index lies in the zone of 7350 where the index has made a medium term bottom. If the index closes below this levels then the index can witness the free fall and no support is visible.

Resistance for the index lies in the zone of 8100 to 8200 where 100, 200 and 1000 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8700 where 500 Daily SMA is lying.

Broad range for the index is seen between 7800 to 7850 on downside to 8300 to 8350 on upside.

Nifty Energy Outlook for the Week (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (March 08, 2016 – March 11, 2016):

 

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 4.50%.

As we have mentioned last week that minor support for the index lies in the zone of 7600. Support for the index lies in the zone of 7350 where the index has made a medium term bottom. If the index closes below this levels then the index can witness the free fall and no support is visible. During the week the index manages to hit a low of 7570 and bounce to close the week around the levels of 8058.

Minor support for the index lies in the zone of 7700 to 7800. Support for the index lies in the zone of 7350 where the index has made a medium term bottom. If the index closes below this levels then the index can witness the free fall and no support is visible.

Resistance for the index lies in the zone of 8100 to 8200 where 100, 200 and 1000 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8700 where 500 Daily SMA is lying.

Broad range for the index is seen between 7750 to 7800 on downside to 8200 to 8250 on upside.

Nifty Energy Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (February 29, 2016 – March 04, 2016):

 

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on negative note losing around 0.90%.

As we have mentioned last week that minor support for the index lies in the zone of 7600. Support for the index lies in the zone of 7350 where the index has made a medium term bottom. If the index closes below this levels then the index can witness the free fall and no support is visible. During the week the index manages to hit a low of 7633 and close the week around the levels of 7728.

Minor support for the index lies in the zone of 7600. Support for the index lies in the zone of 7350 where the index has made a medium term bottom. If the index closes below this levels then the index can witness the free fall and no support is visible.

The index has closed around the strong resistance zone of 7800 from 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 8100 to 8200 where 100 and 1000 Daily SMA is lying.

Broad range for the index is seen between 7500 to 7550 on downside to 7900 to 7950 on upside.

Nifty Energy Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (February 22, 2016 – February 26, 2016):

 

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 3.70%.

As we have mentioned last week that resistance for the index lies in the zone of 7800 from 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 8100 to 8200 where 100 and 1000 Daily SMA is lying. During the week the index manages to hit a high of 7920 and close the week around the levels of 7792.

Minor support for the index lies in the zone of 7600. Support for the index lies in the zone of 7350 where the index has made a medium term bottom. If the index closes below this levels then the index can witness the free fall and no support is visible.

The index has closed around the strong resistance zone of 7800 from 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 8100 to 8200 where 100 and 1000 Daily SMA is lying.

Broad range for the index is seen between 7500 to 7550 on downside to 7900 to 7950 on upside.

Nifty Energy Outlook for the Week (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (February 15, 2016 – February 19, 2016):

 

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed 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 7800 from where the index has broken out on 06/10/2015. If the index closes below this levels then the index can drift to the levels of 7350 where the index has made a medium term bottom. During the week the index manages to hit a low of 7378 and close the week around the levels of 7500.

Support for the index lies in the zone of 7350 where the index has made a medium term bottom. If the index closes below this levels then the index can witness the free fall and no support is visible.

Resistance for the index lies in the zone of 7800 from 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 8100 to 8200 where 100 and 1000 Daily SMA is lying.

Broad range for the index is seen between 7200 to 7250 on downside to 7800 to 7850 on upside.

Nifty Energy Outlook for the Week (February 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (February 08, 2016 – February 12, 2016):

 

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on negative note losing around 5.00%.

As we have mentioned last week that support zone of 8200 to 8300 where 200 & 1000 Daily SMA is lying. If the index closes below this levels then the index can drift to the levels of 8000 where 100 Daily SMA and 500 Monthly SMA is positioned. During the week the index manages to hit a low of 8008 and close the week around the levels of 8080.

Support for the index lies in the zone of 7800 from where the index has broken out on 06/10/2015. If the index closes below this levels then the index can drift to the levels of 7350 where the index has made a medium term bottom.

Resistance for the index lies in the zone of 8100 to 8200 where 100 and 1000 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8500 to 8600 where 500 Daily SMA is lying.

Broad range for the index is seen between 7800 to 7900 on downside to 8200 to 8300 on upside.

Nifty Energy Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (February 01, 2016 – February 05, 2016):

 

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 3.10%.

As we have mentioned last week that the index has closed around the strong support zone of 8200 where 1000 Daily SMA is lying. If the index closes below this levels then the index can drift to the levels of 8000 where 100 Daily SMA and 500 Monthly SMA is positioned. During the week the index manages to hit a low of 8195 and bounce to close the week around the levels of 8505.

Support zone of 8200 to 8300 where 200 & 1000 Daily SMA is lying. If the index closes below this levels then the index can drift to the levels of 8000 where 100 Daily SMA and 500 Monthly SMA is positioned.

Resistance for the index lies in the zone of 8650 to 8700 where 500 Daily SMA and 100 Weekly SMA are lying. If the index manages to close above this levels then the index can move to the levels of 9000.

Broad range for the index is seen between 8200 to 8250 on downside to 8650 to 8700 on upside.

Nifty Energy Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (January 25, 2016 – January 29, 2016):

 

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on negative note losing around 4.20%.

As we have mentioned last week that the resistance for the index lies in the zone of 8650 to 8700 where 500 Daily SMA and 100 Weekly SMA are lying. If the index closes above this levels then the index can move to the levels of 9000. During the week the index manages to hit a high of 8643 and sold off to close the week around the levels of 8242.

The index has closed around the strong support zone of 8200 where 1000 Daily SMA is lying. If the index closes below this levels then the index can drift to the levels of 8000 where 100 Daily SMA and 500 Monthly SMA is positioned.

Resistance for the index lies in the zone of 8300 where 200 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8650 to 8700 where 500 Daily SMA and 100 Weekly SMA are lying.

Broad range for the index is seen between 8000 to 8050 on downside to 8500 to 8550 on upside.

Nifty Energy Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (January 18, 2016 – January 22, 2016):

 

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on absolutely flat note.

As we have mentioned last week that the resistance for the index lies in the zone of 8650 to 8700 where 500 Daily SMA and 100 Weekly SMA are lying. If the index closes above this levels then the index can move to the levels of 9000. During the week the index manages to hit a high of 8780 and close the week around the levels of 8600.

Support for the index lies in the zone of 8300 where 200 Daily SMA and 200 Weekly SMA are lying. If the index closes below this levels then the index can drift to the levels of 8200 where 1000 Daily SMA is lying.

Resistance for the index lies in the zone of 8650 to 8700 where 500 Daily SMA and 100 Weekly SMA are lying. If the index closes above this levels then the index can move to the levels of 9000.

Broad range for the index is seen between 8350 to 8400 on downside to 8700 to 8750 on upside.

Nifty Energy Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (January 11, 2016 – January 15, 2016):

 

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on absolutely flat note.

As we have mentioned last week that the resistance for the index lies in the zone of 8650 to 8700 where 500 Daily SMA and 100 Weekly SMA are lying. If the index closes above this levels then the index can move to the levels of 9000. During the week the index manages to hit a high of 8703 and close the week around the levels of 8600.

Support for the index lies in the zone of 8300 where 200 Daily SMA and 200 Weekly SMA are lying. If the index closes below this levels then the index can drift to the levels of 8200 where 1000 Daily SMA is lying.

Resistance for the index lies in the zone of 8650 to 8700 where 500 Daily SMA and 100 Weekly SMA are lying. If the index closes above this levels then the index can move to the levels of 9000.

Broad range for the index is seen between 8350 to 8400 on downside to 8700 to 8750 on upside.

Nifty Energy Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (January 04, 2016 – January 08, 2016):

 

NIFTY ENERGY:

 

NIFTYENERG

 

Nifty ENERGY index closed the week on positive note gaining around 1.70%.

As we have mentioned last week that the resistance for the index lies in the zone of 8650 to 8700 where 500 Daily SMA and 100 Weekly SMA are lying. If the index closes above this levels then the index can move to the levels of 9000. During the week the index manages to hit a high of 8610 and virtually close at the highest levels.

Support for the index lies in the zone of 8300 where 200 Daily SMA and 200 Weekly SMA are lying. If the index closes below this levels then the index can drift to the levels of 8200 where 1000 Daily SMA is lying.

Resistance for the index lies in the zone of 8650 to 8700 where 500 Daily SMA and 100 Weekly SMA are lying. If the index closes above this levels then the index can move to the levels of 9000.

Broad range for the index is seen between 8350 to 8400 on downside to 8700 to 8750 on upside.

Nifty Energy Outlook for the Week (December 28, 2015 – January 01, 2016)

EquityPandit’s Outlook for NIFTY ENERGY for the week (December 28, 2015 – January 01, 2016):

 

NIFTY ENERGY:

 

 

NIFTYENERG

 

 

Nifty ENERGY index closed the week on positive note gaining around 2.20%.

As we have mentioned last week that the Index has closed around the strong resistance of 8300 where 200 Daily SMA and 200 Weekly SMA are lying. If the index manages to close above this levels then the index can move to the levels of 8600 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the index manages to hit a high of 8498 and close the week around the levels of 8461.

Support for the index lies in the zone of 8300 where 200 Daily SMA and 200 Weekly SMA are lying. If the index closes below this levels then the index can drift to the levels of 8200 where 1000 Daily SMA is lying.

Resistance for the index lies in the zone of 8650 to 8700 where 500 Daily SMA and 100 Weekly SMA are lying. If the index closes above this levels then the index can move to the levels of 9000.

Broad range for the index is seen between 8200 to 8250 on downside to 8550 to 8600 on upside.

Nifty Energy Outlook for the Week (December 21, 2015 – December 24, 2015)

EquityPandit’s Outlook for NIFTY ENERGY for the week (December 21, 2015 – December 24, 2015):

 

NIFTY ENERGY:

 

 

NIFTYENERG

 

 

Nifty ENERGY index closed the week on positive note gaining around 3.40%.

As we have mentioned last week that strong resistance for the index lies in the zone of 8100 to 8150 where 100 & 1000 Daily SMA are positioned. If the index manages to close above this levels then the index can move to the levels of 8300 where 200 Daily SMA and 200 Weekly SMA are lying. During the week the index manages to hit a high of 8373 and retraced to close the week around the levels of 8275.

Support for the index lies in the zone of 8100 to 8150 where 1000 Daily SMA is lying. If the index closes below this levels then the index can drift to the levels of 8000 where 100 Daily SMA is positioned.

Index has closed around the strong resistance of 8300 where 200 Daily SMA and 200 Weekly SMA are lying. If the index manages to close above this levels then the index can move to the levels of 8600 where 500 Daily SMA and 100 Weekly SMA are positioned.

Broad range for the index is seen between 8000 to 8050 on downside to 8350 to 8400 on upside.

Nifty Energy Outlook for the Week (December 14, 2015 – December 18, 2015)

EquityPandit’s Outlook for NIFTY ENERGY for the week (December 14, 2015 – December 18, 2015):

 

NIFTY ENERGY:

 

 

NIFTYENERG

 

 

Nifty ENERGY index closed 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 8100 to 8150 where 100 & 1000 Daily SMA are positioned. If the index closes below this levels then the index can drift to the levels of 7800 where the index has taken multiple supports. During the week the index manages to hit a low of 7837 and bounce to close the week around the levels of 7990.

Support for the index lies in the zone of 7800 where the index has taken multiple support in recent times. If the index closes below this levels then the index can drift to the levels of 7400.

Strong resistance for the index lies in the zone of 8100 to 8150 where 100 & 1000 Daily SMA are positioned. If the index manages to close above this levels then the index can move to the levels of 8300 where 200 Daily SMA and 200 Weekly SMA are lying.

Broad range for the index is seen between 7700 to 7750 on downside to 8200 to 8250 on upside.

Nifty Energy Outlook for the Week (December 07, 2015 – December 11, 2015)

EquityPandit’s Outlook for NIFTY ENERGY for the week (December 07, 2015 – December 11, 2015):

 

NIFTY ENERGY:

 

 

NIFTYENERG

 

 

Nifty ENERGY index closed the week on negative note losing around 1.30%.

As we have mentioned last week that resistance for the index lies in the zone of 8350 where 200 Daily SMA is positioned. If the index manages to close above the levels of 8350 then the index can move to the levels of 8600 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the index manages to hit a high of 8364 and sold off to the levels of 8177.

Support for the index lies in the zone of 8100 to 8150 where 100 & 1000 Daily SMA are positioned. If the index closes below this levels then the index can drift to the levels of 7800 where the index has taken multiple supports.

Resistance for the index lies in the zone of 8350 where 200 Daily SMA is positioned. If the index manages to close above the levels of 8350 then the index can move to the levels of 8600 where 500 Daily SMA and 100 Weekly SMA are positioned.

Broad range for the index is seen between 8000 to 8050 on downside to 8300 to 8350 on upside.

Nifty Energy Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for NIFTY ENERGY for the week (November 30, 2015 – December 04, 2015):

 

NIFTY ENERGY:

 

 

NIFTYENERG

 

 

Nifty ENERGY index closed the week on positive note gaining around 2.0%.

As we have mentioned last week that resistance for the index lies in the zone of 8200 where 100 & 1000 Daily SMA are positioned. If the index manages to close above this levels then the index can move to the levels of 8350 where 200 Daily SMA is lying. During the week the index manages to hit a high of 8350 and retraced to close the week around the levels of 8291.

Support for the index lies in the zone of 8150 where 100 & 1000 Daily SMA are positioned. If the index closes below this levels then the index can drift to the levels of 7800 where the index has taken multiple supports.

Resistance for the index lies in the zone of 8350 where 200 Daily SMA is positioned. If the index manages to close above the levels of 8350 then the index can move to the levels of 8600 where 500 Daily SMA and 100 Weekly SMA are positioned.

Broad range for the index is seen between 8000 to 8050 on downside to 8400 to 8450 on upside.

Nifty Energy Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for NIFTY ENERGY for the week (November 23, 2015 – November 27, 2015):

 

NIFTY ENERGY:

 

 

NIFTYENERG

 

 

Nifty ENERGY index closed the week on positive note gaining around 2.4%.

As we have mentioned last week that resistance for the index lies in the zone of 8000 to 8050 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 to 8250 where 100 & 1000 Daily SMA are positioned. During the week the index manages to hit a high of 8172 and close the week around the levels of 8125.

Support for the index lies in the zone of 8000 where short term moving averages are positioned. If the index closes below this levels then the index can drift to the levels of 7800 to 7850 where the index has taken multiple support.

Resistance for the index lies in the zone of 8200 where 100 & 1000 Daily SMA are positioned. If the index manages to close above this levels then the index can move to the levels of 8350 where 200 Daily SMA is lying.

Broad range for the index is seen between 7950 to 8000 on downside to 8200 to 8250 on upside.

Nifty Energy Outlook for the Week (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for NIFTY ENERGY for the week (November 16, 2015 – November 20, 2015):

 

NIFTY ENERGY:

 

 

NIFTYENERG

 

 

Nifty ENERGY index closed the week on negative note losing around 3.0%.

As we have mentioned last week that support for the index lies in the zone of 8000 from where the index has broken out of the consolidation zone. If the index breaks below this levels on closing basis then the index can drift to the levels of 7800. During the week the index manages to hit a low of 7846 and close the week around the levels of 7932.

Support for the index lies in the zone of 7800 to 7830 from where the index has broken out. If the index closes below this levels then the index can drift to the levels of 7400.

Resistance for the index lies in the zone of 8000 to 8050 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 to 8250 where 100 & 1000 Daily SMA are positioned.

Broad range for the index is seen between 7800 to 7850 on downside to 8050 to 8100 on upside.

CNX Energy Outlook for the Week (November 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for CNX Energy for the week (November 09, 2015 – November 13, 2015):

 

CNX ENERGY:

 

 

CNXENERGY

 

 

CNX ENERGY index closed the week on positive note gaining around 0.90%.

As we have mentioned last week that resistance for the index lies in the zone of 8200 to 8250 where 100 & 1000 Daily SMA are positioned. If the index manages to close above this levels then the index can move to the levels of 8400 where trend-line and 200 Daily SMA are positioned. During the week the index manages to hit a high of 8286 and sold off to close the week around the levels of 8171.

Support for the index lies in the zone of 8000 from where the index has broken out of the consolidation zone. If the index breaks below this levels on closing basis then the index can drift to the levels of 7800.

Resistance for the index lies in the zone of 8200 to 8250 where 100 & 1000 Daily SMA are positioned. If the index manages to close above this levels then the index can move to the levels of 8400 where trend-line and 200 Daily SMA are positioned.

Broad range for the index is seen between 7900 to 7950 on downside to 8250 to 8300 on upside.

CNX Energy Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for CNX Energy for the week (November 02, 2015 – November 06, 2015):

 

CNX ENERGY:

 

 

CNXENERGY

 

 

CNX ENERGY index closed the week on negative note losing around 2.2%.

As we have mentioned last week that support for the index lies around the levels of 8100 to 8150 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 8000 from where the index has broken out. During the week the index manages to hit a low of 8040 and close the week around the levels of 8090.

Support for the index lies in the zone of 8000 from where the index has broken out of the consolidation zone. If the index breaks below this levels on closing basis then the index can drift to the levels of 7800.

Resistance for the index lies in the zone of 8200 to 8250 where 100 & 1000 Daily SMA are positioned. If the index manages to close above this levels then the index can move to the levels of 8400 where trend-line and 200 Daily SMA are positioned.

Broad range for the index is seen between 7900 to 7950 on downside to 8250 to 8300 on upside.

CNX Energy Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for CNX Energy for the week (October 26, 2015 – October 30, 2015):

 

CNX ENERGY:

 

 

CNXENERGY

 

 

CNX ENERGY index closed the week on positive note gaining around 2.0%.

As we have mentioned last week that the index is approaching towards the strong resistance zone of 8200 to 8300 where 1000 & 100 Daily SMA and 200 Weekly SMA are positioned. If the index manages to move above this levels then the index can move to the levels of 8400 where downward sloping trend-line and 200 Daily SMA are positioned. During the week the index manages to hit a high of 8366 and close the week around the levels of 8278.

Support for the index lies around the levels of 8100 to 8150 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 8000 from where the index has broken out.

Resistance for the index lies in the zone of 8400 to 8500 where 200 Daily SMA and inclining trend-line is lying. If the index manages to close above this levels then the index can move to the levels of 8600 where 500 Daily SMA is positioned.

Broad range for the index is seen between 8050 to 8100 on downside to 8450 to 8500 on upside.

CNX Energy Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for CNX Energy for the week (October 19, 2015 – October 23, 2015):

 

CNX ENERGY:

 

CNXENERGY

 

CNX ENERGY index closed the week on positive note gaining around 2.2%.

As we have mentioned last week that resistance for the index lies in the zone of 8050 to 8100. If the index manages to close above the levels of 8100 then the index can move to the levels of 8200 to 8300 where 1000 and 100 Daily SMA are positioned. During the week the index manages to hit a high of 8129 and virtually close around the highs of the week.

Support for the index lies in the zone of 7950 to 8000 from where the index has broken out of the consolidation. If the index closes below the levels of 7900 then the index can drift to the levels of 7600.

The index is approaching towards the strong resistance zone of 8200 to 8300 where 1000 & 100 Daily SMA and 200 Weekly SMA are positioned. If the index manages to move above this levels then the index can move to the levels of 8400 where downward sloping trend-line and 200 Daily SMA are positioned.

Broad range for the index is seen between 7950 to 8000 on downside to 8250 to 8300 on upside.

CNX Energy Outlook for the Week (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for CNX Energy for the week (October 12, 2015 – October 16, 2015):

 

CNX ENERGY:

 

 

CNXENERGY

 

 

CNX ENERGY index closed the week on positive note gaining around 3.5%.

As we have mentioned last week that if the index manages to close above the levels of 7800 for couple of days, the index can witness a huge short covering bounce which can take index to the levels of 8000. During the week the index manages to hit a high of 8062 before closing the week around the levels of 7922.

Support for the index lies in the zone of 7800 from where the index has broken out of the 2 months of consolidation. If the index closes below the levels of 7800 then the index can drift to the levels of 7600.

Resistance for the index lies in the zone of 8050 to 8100. If the index manages to close above the levels of 8100 then the index can move to the levels of 8200 to 8300 where 1000 and 100 Daily SMA are positioned.

Broad range for the index is seen between 7700 to 7750 on downside to 8150 to 8200 on upside.

CNX Energy Outlook for the Week (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for CNX Energy for the week (October 05, 2015 – October 09, 2015):

 

CNX ENERGY:

 

 

CNXENERGY

 

 

CNX ENERGY index closed the week on positive note gaining around 2%.

As we have mentioned last week that support for the index lies in the zone of 7500. If the index broke below the levels of 7500 on closing basis then the index can drift to the levels of 7300. The index manages to hit a low of 7360 during the week and close the week around the levels of 7640.

The index has formed a Doji pattern on monthly charts in a strong downtrend indicating the trend reversal or the indecision among the traders about the further direction of the index. The index has been moving in the range of 7300 on downside to 7800 on upside since last 4 weeks. A break of the index on either side can move the index further 5% to 7% in that direction.

Support for the index lies in the zone of 7500. If the index broke below the levels of 7500 on closing basis then the index can drift to the levels of 7300.

If the index manages to close above the levels of 7800 for couple of days, the index can witness a huge short covering bounce which can take index to the levels of 8000.

Broad range for the index is seen between 7400 to 7450 on downside to 7900 to 8000 on upside.

CNX Energy Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for CNX Energy for the week (September 28, 2015 – October 02, 2015):

 

CNX ENERGY:

 

 

CNXENERGY

 

 

CNX ENERGY index closed the week on negative note losing around 4%.

As we have mentioned last week that support for the index lies in the zone of 7500 to 7600 where short term moving averages are positioned. If the index broke below the levels of 7500 on closing basis then the index can drift to the levels of 7300. The index has close the week around the levels of 7491.

The index has been moving in the range of 7300 on downside to 7800 on upside since last 4 weeks. A break of the index on either side can move the index further 5% to 7% in that direction.

Support for the index lies in the zone of 7500. If the index broke below the levels of 7500 on closing basis then the index can drift to the levels of 7300.

If the index manages to close above the levels of 7800 for couple of days, the index can witness a huge short covering bounce which can take index to the levels of 8000.

Broad range for the index is seen between 7400 to 7450 on downside to 7900 to 8000 on upside.

CNX Energy Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for CNX Energy for the week (September 21, 2015 – September 25, 2015):

 

CNX ENERGY:

 

 

CNXENERGY

 

 

CNX ENERGY index closed the week on positive note gaining around 4%.

As we have mentioned last week that if the index closes above the levels of 7500 for couple of days then the index can move to the levels of 7800 and the index manages to hit a high of 7825 during the week.

The index has been moving in the range of 7300 on downside to 7800 on upside since last 3 weeks. A break of the index on either side can move the index further 5% to 7% in that direction.

Support for the index lies in the zone of 7500 to 7600 where short term moving averages are positioned. If the index broke below the levels of 7500 on closing basis then the index can drift to the levels of 7300.

If the index manages to close above the levels of 7800 for couple of days, the index can witness a huge short covering bounce which can take index to the levels of 8000.

Broad range for the index is seen between 7500 to 7550 on downside to 7900 to 8000 on upside.

CNX Energy Outlook for the Week (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for CNX Energy for the week (September 14, 2015 – September 18, 2015):

 

CNX ENERGY:

 

CNXENERGY

 

CNX ENERGY index closed the week on positive note gaining around 2%.

As we have mentioned last week that if the index closes below the levels of 7300 then the index can move to the levels of 7000 but the index manage to hold the levels of 7300 on closing basis.

The index has been moving in the range of 7300 on downside to 7800 on upside since last 2 weeks. A break of the index on either side can move the index further 5% to 7% in that direction.

If the index closes below the levels of 7300 then the index can move to the levels of 7000.

If the index closes above the levels of 7500 for couple of days then the index can move to the levels of 7800.

Broad range for the index is seen between 7200 to 7300 on downside to 7700 to 7800 on upside.

CNX Energy Outlook for the Week (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for CNX Energy for the week (September 07, 2015 – September 11, 2015):

 

CNX ENERGY:

 

CNXENERGY

 

CNX ENERGY index closed the week on negative note losing around 5%.

As we have mentioned last week that if the index manages to close above the levels of 7800, the index can witness a huge short covering bounce which can take index to the levels of 8000, but the index manages to hit a high of 7770 during the week and sold off to the levels of 7276 and close the week around the major support zone of 7350.

The index has been moving in the range of 7300 on downside to 7800 on upside since last 2 weeks. A break of the index on either side can move the index further 5% to 7% in that direction.

If the index closes below the levels of 7300 then the index can move to the levels of 7000.

If the index closes above the levels of 7500 then the index can move to the levels of 7800.

Broad range for the index is seen between 7100 to 7200 on downside to 7700 to 7800 on upside.

CNX Energy Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for CNX Energy for the week (August 31, 2015 – September 04, 2015):

 

CNX ENERGY:

 

CNXENERGY

 

CNX ENERGY index closed the week on negative note losing more than 3%.

As we have mentioned last week that the index broke below the 1000 Daily SMA and 200 Weekly SMA, and close the week virtually at the lowest point and the index sold off to the levels of 7250 before closing the week around the levels of 7730.

During the week the index also drifted below the long term support zone of 7300 but manages to bounce back. So coming week if the index manages to hold the levels of 7300 the index can move to the levels of 8000.

If the index manages to close above the levels of 7800, the index can witness a huge short covering bounce which can take index to the levels of 8000.

Resistance for the index is lying in the zone of 8100 to 8200 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Broad range for the index is seen between 7300 to 7400 on downside to 8000 to 8100 on upside.

CNX Energy Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for CNX Energy for the week (August 24, 2015 – August 28, 2015):

 

CNX ENERGY:

 

CNXENERGY

 

CNX ENERGY index closed the week on negative note losing around 5%.

On 20/08/2015, the index broke below the 1000 Daily SMA and 200 Weekly SMA, and close the week virtually at the lowest point.

The index has taken support around the levels of 7900 where 500 Weekly SMA is lying. If in the coming week if the index manages to hold this level we can expect the index to bounce to the levels of 8150 to 8200 from where the index broke down.

Support for the index lies in the zone of 7850 to 7900 where 500 Weekly SMA is positioned.

Resistance for the index is lying in the zone of 8100 to 8200 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Broad range for the index is seen between 7800 to 7850 on downside to 8100 to 8150 on upside.

CNX Energy Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for CNX Energy for the week (August 17, 2015 – August 21, 2015):

CNX ENERGY:

 

CNXENERGY

 

CNX ENERGY index closed the week on negative note losing around 3%.

As we have mentioned last week that the support for the index lies in the zone of 8600 below which the index can drift to the levels of around 8100 where 1000 Daily SMA is lying and the index hit a low of 8227 and closed the week at around the levels of 8418.

The index has formed a Morning star pattern on daily charts in an downtrend indicating the trend reversal.

The index has formed a Shooting Star pattern on monthly charts in an uptrend indicating the trend reversal. The index has to close above the levels of 9000 to negate bearish pattern on monthly charts.

Support for the index lies in the zone of 8100 to 8200 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the index lies in the zone of 8500 to 8600 where downward sloping trend-line and 100 & 500 Daily SMA are positioned.

Broad range for the index is seen between 8100 to 8200 on downside to 8600 to 8650 on upside.

CNX Energy Outlook for Next Week (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for CNX Energy for week (August 10, 2015 – August 14, 2015):

CNX ENERGY:

 

 CNX Energy

CNX ENERGY index closed the week on negative note losing around 0.5%.

As we have mentioned last week that the index has formed a Evening star pattern on weekly charts in an uptrend indicating the trend reversal. If the index closes below the levels of 8650 the index can move to the levels of 8400 and the index hit a low of 8565 and close the week on positive note around the levels of 8666 above the levels of 8650.

The index has formed a Shooting Star pattern on monthly charts in an uptrend indicating the trend reversal. The index has to close above the levels of 9000 to negate bearish pattern on weekly and monthly charts.

Support for the index lies in the zone of 8600 to 8650 where 100 Daily SMA and 500 Daily SMA are positioned.

Resistance for the index is lying in the zone of 8700 to 8800 where 200 Daily SMA and trend-line are positioned.

Broad range for the index is seen between 8500 to 8550 on downside to 8900 to 8950 on upside.

CNX Energy Outlook for Next Week (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for CNX Energy for week (August 03, 2015 – August 07, 2015):

 

CNX ENERGY:

 

CNXENERGY

CNX ENERGY index closed the week on negative note losing more than 2%.

The index has formed a Evening star pattern on weekly charts in an uptrend indicating the trend reversal. If the index closes below the levels of 8650 the index can move to the levels of 8400.

The index has formed a Shooting Star pattern on monthly charts in an uptrend indicating the trend reversal. If the index closes below the levels of 8650 the index can move to the levels of 8400.

The index has to close above the levels of 9000 to negate bearish pattern on weekly and monthly charts.

Support for the index lies in the zone of 8600 to 8650 where 100 Daily SMA and 500 Daily SMA are positioned.

Resistance for the index is lying in the zone of 8700 to 8800 where 200 Daily SMA and trend-line are positioned.

Broad range for the index is seen between 8500 to 8550 on downside to 8900 to 8950 on upside.

CNX Energy Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for CNX Energy for week (July 27, 2015 – July 31, 2015):

 

CNX ENERGY:

 

CNXENERGY

CNX ENERGY index closed the week on absolutely flat note.

As we have mentioned last week that if the index manages to close above the levels of 9000 for couple of days then the index can move to the levels of 9200 where upward sloping trend-lines are positioned. During the week the index hit a high of 9149 levels.

On 24/07/2015, Reliance Industries announced the quarterly results which were in line with street expectation. So on 27/07/2015 the index will open as per the opening of Reliance stock.

If the index broke below the levels of 8700 the index can go to the levels of 8500 where trend-line supports are lying and the index will end the medium term uptrend.

Support for the index lies in the zone of 8700 to 8800 where 50 Daily EMA and 200 Daily SMA are positioned.

Resistance for the index is lying in the zone of 9100 to 9200 where trend-line are positioned.

Broad range for the index is seen between 8600 to 8700 on downside to 9200 to 9300 on upside.