Tag Archives: CNX IT

Nifty IT Outlook for the Week (May 13, 2019 – May 17,2019)

EquityPandit’s Outlook for NIFTY IT for the week (May 13, 2019 – May 17,2019):

NIFTY IT:

 

NIFTYIT

 

NIFTY IT Index closed the week on negative note losing -143.35 Points -0.89 %

Weekly High: 16673.6

Weekly Low: 15911.95

Weekly Close: 15949.60

Nifty IT index trading in classical channel as can be seen from the above chart. Channel’s trend line support lines at 15850, if nifty IT index closes below 15850 we may see sharp sell of in IT major constitutes like TCS, WIPRO, HCLTECH, INFY. Strong support for IT index lies on down side around 100 days exponential moving averages which lies around 15500– 15450

Technically on the daily charts we see minor support on the downside for index lies at 15850– 15800 levels, whereas minor resistance on the upside is capped around 16185– 16200 levels.

If Nifty IT index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 15500– 15400 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 16600– 16700

Currently Nifty IT index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 16600– 16700 on upside and 15500– 15600 on downside.
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Nifty IT Outlook for the Week (May 06, 2019 – May 10,2019)

EquityPandit’s Outlook for NIFTY IT for the week (May 06, 2019 – May 10,2019):

NIFTY IT:

 

NIFTYIT

 

NIFTY IT Index closed the week on negative note losing -277.40 Points -1.69 %

Weekly High: 16720.40

Weekly Low: 16065.45

Weekly Close: 16092.95

Technically on the daily charts we see minor support on the downside for index lies at 15800– 15700 levels, whereas minor resistance on the upside is capped around 16200– 16300 levels.

If Nifty IT index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 15500– 15400 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 16600– 16700

Currently Nifty IT index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 16600– 16700 on upside and 15500– 15600 on downside.
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Nifty IT Outlook for the Week (April 29,2019 – May 03,2019)

EquityPandit’s Outlook for NIFTY IT for the week(April 29,2019 – May 03,2019):

NIFTY IT:

 

NIFTYIT

 

NIFTY IT Index closed the week on positive note gaining +425.15 Points +2.64 %

Weekly High: 16523.75

Weekly Low: 16021

Weekly Close: 16504.45

Nifty IT index crossed all time high levels last week, Strong momentum has been seen in overall index, backed by heavy weight constitute TCS, as results of IT major was positive due to which sentiment in overall index is positive.
Technically on the daily charts we see minor support on the downside for index lies at 16000- 16100 levels, whereas minor resistance on the upside is capped around 16600- 16700 levels.

If Nifty IT index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 15600- 15500 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 17100- 17200

Currently Nifty IT index is trading above 200 days exponential moving average and suggests long term trend is bullish.

EquityPandit’s analyst predicts range for the week is seen from 17100- 17200 on upside and 15600- 15500 on downside.
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Nifty IT Outlook for the Week (April 22,2019 – April 26,2019)

EquityPandit’s Outlook for NIFTY IT for the week (April 22,2019 – April 26,2019):

NIFTY IT:

 

NIFTYIT

 

NIFTY IT Index closed the week on positive note gaining +80.15 Points +0.50%

Weekly High: 16177.85

Weekly Low: 15832

Weekly Close: 16079.30

Technically on the daily charts we see minor support on the downside for index lies at 15700- 15750 levels, whereas minor resistance on the upside is capped around 16400- 16450 levels.

If Nifty IT index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 15200- 15250 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 16700- 16800

Currently Nifty IT index is trading above 200 days exponential moving average and suggests long term trend is bullish.

EquityPandit’s analyst predicts range for the week is seen from 16700- 16800 on upside and 15200-15250 on downside.
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Nifty IT Outlook for the Week (April 15, 2019 – April 19, 2019)

EquityPandit’s Outlook for NIFTY IT for the week (April 15, 2019 – April 19, 2019):

NIFTY IT:

 

NIFTYIT

 

NIFTY IT Index closed the week on negative note losing -11.95 Points -0.08%

Weekly High: 16203.2

Weekly Low: 15759.8

Weekly Close: 15911.10

Technically on the daily charts we see minor support on the downside for index lies at 15700- 15750 levels, whereas minor resistance on the upside is capped around 16200- 16250 levels.

If Nifty IT index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 15200- 15250 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 16200- 16250

Currently Nifty IT index is trading above 200 days exponential moving average and suggests long term trend is bullish.

EquityPandit’s analyst predicts range for the week is seen from 16200-16250 on upside and 15200-15250 on downside.
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Nifty IT Outlook for the Week (April 08, 2019 – April 12, 2019)

EquityPandit’s Outlook for NIFTY IT for the week(April 08, 2019 – April 12, 2019):

NIFTY IT:

 

NIFTYIT

 

NIFTY IT Index closed the week on positive note gaining +294.85 Points (+1.89%).

Weekly High: 16013.20

Weekly Low: 15578.20

Weekly Close: 15923.05

Stiff trend line resistance has been seen around levels of 16100 and if Nifty IT index sustains above 16100 we may see fresh buying attraction in the index. Technically on the daily charts we see minor support on the downside for index lies at 15500- 15400 levels, whereas minor resistance on the upside is capped around 16000- 16100 levels.

If Nifty IT index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 15000- 15100 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 16100- 16300

Currently Nifty IT index is trading above 200 days exponential moving average and suggests long term trend is bullish.

EquityPandit’s analyst predicts range for the week is seen from 16100-16300 on upside and 15000-15100 on downside.
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Nifty IT Outlook for the Week (April 01, 2019 – April 05, 2019)

EquityPandit’s Outlook for NIFTY IT for the week(April 01, 2019 – April 05, 2019):

NIFTY IT:

 

NIFTYIT

 

NIFTY IT Index closed the week on positive note gaining +77.10 Points (0.50%).

Weekly High: 15729.5

Weekly Low: 15218.20

Weekly Close: 15628.20

Nifty IT Index is consolidating in channel pattern on charts. Any breakout may attract market and buying may resume in IT Sector, We have seen huge buying in HCLTECH last week in IT space, Technically on the daily charts we see minor support on the downside for index lies at 15200- 15250 levels, whereas minor resistance on the upside is capped around 15700- 15750 levels.

If Nifty IT index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 14600- 14700 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 16100- 16300

Currently Nifty IT index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 16100-16300 on upside and 14600-14700 on downside.
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Nifty IT Outlook for the Week (Mar 25, 2019 – Mar 29, 2019)

EquityPandit’s Outlook for NIFTY IT for the week (Mar 25, 2019 – Mar 29, 2019)

NIFTY IT:

 

NIFTYIT

 

NIFTY IT Index closed the week on positive note gaining +290.65 Points (+1.90%).

Weekly High: 15735.20

Weekly Low: 15296.00

Weekly Close: 15551.10

Some buying attraction has been seen in NIFTYIT index in the last week , but currently index is trading in consolidation range since last 3 -4 week, we may see breakout either way, one should wait for the clear direction in the IT companies for the upcoming week. Technically on the daily charts we see minor support on the downside for index lies at 15200- 15250 levels, whereas minor resistance on the upside is capped around 15700 -15800 levels.

If Nifty IT index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 14600- 14700 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 16100- 16300

Currently Nifty IT index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 16100-16300 on upside and 14600-14700 on downside.
.

 

Nifty IT Outlook for the Week (Mar 18, 2019 – Mar 22, 2019)

EquityPandit’s Outlook for NIFTY IT for the week (Mar 18, 2019 – Mar 22, 2019)

NIFTY IT:

 

NIFTYIT

 

NIFTY IT Index closed the week on positive note gaining +137.90 Points (+0.89%).

Weekly High: 15788.20

Weekly Low: 15202.00

Weekly Close: 15546.60

No major action has been seen in nifty IT index last week and trading and investing activity was subdued in the IT sector. Many a time we have seen IT index correcting when nifty move up, due to USD/INR correction.

Technically on the daily charts we see minor support on the downside for index lies at 15100- 15000 levels, whereas minor resistance on the upside is capped around 16200 – 16300 levels.

If Nifty IT index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 14500- 14400 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 16700- 16800

Currently Nifty IT index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 16700-16800 on upside and 14500-14400 on downside.
.

Nifty IT Outlook for the Week (Mar 11, 2019 – Mar 15, 2019)

EquityPandit’s Outlook for NIFTY IT for the week (Mar 11, 2019 – Mar 15, 2019)

NIFTY IT:

 

Nifty IT

 

 

NIFTY IT Index closed the week on negative note losing -323.20 Points (-2.06%).

Weekly High: 15871.10

Weekly Low: 15388.20

Weekly Close: 15408.70

Technically on the daily charts we see minor support on the downside for index lies at 15100- 15000 levels, where as minor resistance on the upside is capped around 16200 – 16300 levels.

If Nifty IT index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 14500- 14400 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 16700- 16800

Currently Nifty IT index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 16700-16800 on upside and 14500-14400 on downside.

Nifty IT Outlook for the Week (Mar 05, 2019 – Mar 08, 2019)

EquityPandit’s Outlook for NIFTY IT for the week  (Mar 05, 2019 – Mar 08, 2019) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on positive note gaining around 1.00%.

As we have mentioned last week, that resistance for the index lies in the zone of 15700 to 15800 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 16300 to 16400 where high for the month of September-2018 and October-2018 are lying. During the week the index manages to hit a high of 16069 and close the week around the levels of 15848.

Minor support for the index lies in the zone of 15700 to 15800. Support for the index lies in the zone of 15300 to 15400 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 15000 to 15100 where Fibonacci levels and medium term moving averages are lying.

Resistance for the index lies in the zone of 16100 to 16200 where the index has formed a high in the month of February-2019. If the index manages to close above these levels then the index can move to the levels of 16300 to 16400 where high for the month of September-2018 and October-2018 are lying.

Range for the week is seen from 15400 to 15500 on downside & 16100 to 16200 on upside.

Nifty IT Outlook for the Week (Feb 25, 2019 – Mar 01, 2019)

EquityPandit’s Outlook for NIFTY IT for the week  (Feb 25, 2019 – Mar 01, 2019) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT 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 15700 to 15800 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 15300 to 15400 where Fibonacci levels are lying. During the week the index manages to hit a low of 15287 and close the week around the levels of 15685.

Support for the index lies in the zone of 15300 to 15400 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 15000 to 15100 where Fibonacci levels and medium term moving averages are lying.

Resistance for the index lies in the zone of 15700 to 15800 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 16300 to 16400 where high for the month of September-2018 and October-2018 are lying.

Range for the week is seen from 15200 to 15300 on downside & 16000 to 16100 on upside.

Nifty IT Outlook for the Week (Feb 18, 2019 – Feb 22, 2019)

EquityPandit’s Outlook for NIFTY IT for the week  (Feb 18, 2019 – Feb 22, 2019) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that support for the index lies in the zone of 15700 to 15800 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 15300 to 15400 where Fibonacci levels are lying. During the week the index manages to hit a low of 15620 and close the week around the levels of 15816.

Support for the index lies in the zone of 15700 to 15800 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 15300 to 15400 where Fibonacci levels are lying.

Minor resistance for the index lies around 16000 to 16100. Resistance for the index lies in the zone of 16300 to 16400 where high for the month of September-2018 and October-2018 are lying. If the index manages to close above these levels then the index can move to the levels of 16800 to 17000.

Range for the week is seen from 15300 to 15400 on downside & 16200 to 16300 on upside.

Nifty IT Outlook for the Week (Feb 11, 2019 – Feb 15, 2019)

EquityPandit’s Outlook for NIFTY IT for the week  (Feb 11, 2019 – Feb 15, 2019) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT 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 15700 to 15800 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 16300 to 16400 where high for the month of September-2018 and October-2018 are lying. During the week the index manages to hit a high of 16168 and close the week around the levels of 16020.

Support for the index lies in the zone of 15700 to 15800 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 15300 to 15400 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 16300 to 16400 where high for the month of September-2018 and October-2018 are lying. If the index manages to close above these levels then the index can move to the levels of 16800 to 17000.

Range for the week is seen from 15500 to 15600 on downside & 16400 to 16500 on upside.

Nifty IT Outlook for the Week (Feb 4, 2019 – Feb 8, 2019)

EquityPandit’s Outlook for NIFTY IT for the week  (Feb 4, 2019 – Feb 8, 2019) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 14950 to 15050 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 15300 to 15400 where Fibonacci levels are lying. During the week the index manages to hit a low of 14987 and close the week around the levels of 15724.

Support for the index lies in the zone of 15300 to 15400 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 14950 to 15050 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 15700 to 15800 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 16300 to 16400 where high for the month of September-2018 and October-2018 are lying.

Range for the week is seen from 15200 to 15400 on downside & 16000 to 16200 on upside.

Nifty IT Outlook for the Week (Jan 28, 2019 – Feb 1, 2019)

EquityPandit’s Outlook for NIFTY IT for the week  (Jan 28, 2019 – Feb 1, 2019) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on positive note gaining around 1.00%.

As we have mentioned last week, that resistance for the index lies in the zone of 14950 to 15050 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 15300 to 15400 where Fibonacci levels are lying. During the week the index manages to hit a high of 15161 and close the week around the levels of 15039.

Support for the index lies in the zone of 14600 to 14700 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 14300 to 14400 where Fibonacci levels and long term moving averages are lying.

Resistance for the index lies in the zone of 14950 to 15050 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 15300 to 15400 where Fibonacci levels are lying.

Range for the week is seen from 14500 to 14600 on downside & 15400 to 15500 on upside.

Nifty IT Outlook for the Week (Jan 21, 2019 – Jan 25, 2019)

EquityPandit’s Outlook for NIFTY IT for the week  (Jan 21, 2019 – Jan 25, 2019) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that minor resistance for the index lies in the zone of 14300 to 14400. Resistance for the index lies in the zone of 14600 to 14700 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 14900 to 15000 where Fibonacci levels are lying. During the week the index manages to hit a high of 14924 and close the week around the levels of 14893.

Support for the index lies in the zone of 14600 to 14700 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 14300 to 14400 where Fibonacci levels and long term moving averages are lying.

Resistance for the index lies in the zone of 14950 to 15050 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 15300 to 15400 where Fibonacci levels are lying.

Range for the week is seen from 14400 to 14500 on downside & 15300 to 15400 on upside.

Nifty IT Outlook for the Week (Jan 14, 2019 – Jan 18, 2019)

EquityPandit’s Outlook for NIFTY IT for the week  (Jan 14, 2019 – Jan 18, 2019) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that minor resistance for the index lies in the zone of 14300 to 14400. Resistance for the index lies in the zone of 14600 to 14700 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 14900 to 15000 where Fibonacci levels are lying. During the week the index manages to hit a high of 14495 and close the week around the levels of 14307.

Support for the index lies in the zone of 14000 to 14200 where Fibonacci levels and low for the month of December-2018 are lying. If the index manages to close below these levels then the index can drift to the levels of 13700 to 13900 where Fibonacci levels and low for the month of October-2018 & November-2018 are lying.

Minor resistance for the index lies in the zone of 14300 to 14400. Resistance for the index lies in the zone of 14600 to 14700 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 14900 to 15000 where Fibonacci levels are lying.

Range for the week is seen from 13700 to 13800 on downside & 14700 to 14800 on upside.

Nifty IT Outlook for the Week (Jan 07, 2019 – Jan 11, 2019)

EquityPandit’s Outlook for NIFTY IT for the week  (Jan 07, 2019 – Jan 11, 2019) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 1.70%.

As we have mentioned last week, that minor resistance for the index lies in the zone of 14500 to 14600. Resistance for the index lies in the zone of 14900 to 15000 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 15400 to 15600 from where the index has broken down from September-2018 low. During the week the index manages to hit a high of 14594 and close the week around the levels of 14146.

Support for the index lies in the zone of 14000 to 14200 where Fibonacci levels and low for the month of December-2018 are lying. If the index manages to close below these levels then the index can drift to the levels of 13700 to 13900 where Fibonacci levels and low for the month of October-2018 & November-2018 are lying.

Minor resistance for the index lies in the zone of 14300 to 14400. Resistance for the index lies in the zone of 14600 to 14700 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 14900 to 15000 where Fibonacci levels are lying.

Range for the week is seen from 13500 to 13700 on downside & 14500 to 14700 on upside.

Nifty IT Outlook for the Week (Dec 31, 2018 – Jan 04, 2019)

EquityPandit’s Outlook for NIFTY IT for the week  (Dec 31, 2018 – Jan 04, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT 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 14500 to 14600. Resistance for the index lies in the zone of 14900 to 15000 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 15400 to 15600 from where the index has broken down from September-2018 low. During the week the index manages to hit a high of 14461 and close the week around the levels of 14386.

Support for the index lies in the zone of 14200 to 14300 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 13700 to 13900 where Fibonacci levels and low for the month of October-2018 & November-2018 are lying.

Minor resistance for the index lies in the zone of 14500 to 14600. Resistance for the index lies in the zone of 14900 to 15000 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 15400 to 15600 from where the index has broken down from September-2018 low.

Range for the week is seen from 14000 to 14200 on downside & 14600 to 14800 on upside.

Nifty IT Outlook for the Week (Dec 24, 2018 – Dec 28, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Dec 24, 2018 – Dec 28, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 4.30%.

As we have mentioned last week, that resistance for the index lies in the zone of 14900 to 15000 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 15400 to 15600 from where the index has broken down from September-2018 low. During the week the index manages to hit a high of 14931 and close the week around the levels of 14208.

Support for the index lies in the zone of 14200 to 14300 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 13700 to 13900 where Fibonacci levels and low for the month of October-2018 & November-2018 are lying.

Minor resistance for the index lies in the zone of 14500 to 14600. Resistance for the index lies in the zone of 14900 to 15000 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 15400 to 15600 from where the index has broken down from September-2018 low.

Range for the week is seen from 13500 to 13800 on downside & 14600 to 14800 on upside.

Nifty IT Outlook for the Week (Dec 17, 2018 – Dec 21, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Dec 17, 2018 – Dec 21, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on positive note gaining around 1.30%.

As we have mentioned last week, that minor support for the index lies in the zone of 14200 to 14300. Support for the index lies in the zone of 13700 to 13900 where Fibonacci levels and low for the month of October-2018 & November-2018 are lying. If the index manages to close below these levels then the index can drift to the levels of 13200 to 13300 where the index has taken support in the month of May-2018 and June-2018. During the week the index manages to hit a low of 14307 and close the week around the levels of 14851.

Minor support for the index lies in the zone of 14500 to 14600. Support for the index lies in the zone of 14200 to 14300 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 13700 to 13900 where Fibonacci levels and low for the month of October-2018 & November-2018 are lying.

Resistance for the index lies in the zone of 14900 to 15000 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 15400 to 15600 from where the index has broken down from September-2018 low.

Range for the week is seen from 14200 to 14400 on downside & 15200 to 15400 on upside.

Nifty IT Outlook for the Week (Dec 10, 2018 – Dec 14, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Dec 10, 2018 – Dec 14, 2018) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 14800 to 15000 where Fibonacci levels and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 15400 to 15600 from where the index has broken down from September-2018 low. During the week the index manages to hit a high of 15062 and close the week around the levels of 14663.

Minor support for the index lies in the zone of 14200 to 14300. Support for the index lies in the zone of 13700 to 13900 where Fibonacci levels and low for the month of October-2018 & November-2018 are lying. If the index manages to close below these levels then the index can drift to the levels of 13200 to 13300 where the index has taken support in the month of May-2018 and June-2018.

Resistance for the index lies in the zone of 14800 to 15000 where Fibonacci levels and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 15400 to 15600 from where the index has broken down from September-2018 low.

Range for the week is seen from 13900 to 14000 on downside & 15000 to 15100 on upside.

Nifty IT Outlook for the Week (Dec 03, 2018 – Dec 07, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Dec 03, 2018 – Dec 07, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on positive note gaining around 5.80%.

As we have mentioned last week, that support for the index lies in the zone of 13700 to 13900 where Fibonacci levels and low for the month of October-2018 are lying. If the index manages to close below these levels then the index can drift to the levels of 13200 to 13300 where the index has taken support in the month of May-2018 and June-2018. During the week the index manages to hit a low of 13581 and close the week around the levels of 14638.

Minor support for the index lies in the zone of 14200 to 14300. Support for the index lies in the zone of 13700 to 13900 where Fibonacci levels and low for the month of October-2018 & November-2018 are lying. If the index manages to close below these levels then the index can drift to the levels of 13200 to 13300 where the index has taken support in the month of May-2018 and June-2018.

Resistance for the index lies in the zone of 14800 to 15000 where Fibonacci levels and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 15400 to 15600 from where the index has broken down from September-2018 low.

Range for the week is seen from 13900 to 14000 on downside & 15000 to 15100 on upside.

Nifty IT Outlook for the Week (Nov 26, 2018 – Nov 30, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Nov 26, 2018 – Nov 30, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 4.40%.

As we have mentioned last week, that minor support for the index lies in the zone of 14200 to 14300. Support for the index lies in the zone of 13700 to 13900 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 13200 to 13300 where the index has taken support in the month of May-2018 and June-2018. During the week the index manages to hit a low of 13820 and close the week around the levels of 13836.

Support for the index lies in the zone of 13700 to 13900 where Fibonacci levels and low for the month of October-2018 are lying. If the index manages to close below these levels then the index can drift to the levels of 13200 to 13300 where the index has taken support in the month of May-2018 and June-2018.

Minor resistance for the index lies in the zone of 14200 to 14300. Resistance for the index lies in the zone of 14800 to 15000 where Fibonacci levels and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 15500 to 15600 from where the index has broken down from September-2018 low and short term moving averages are lying.

Range for the week is seen from 13300 to 13500 on downside & 14300 to 14500 on upside.

Nifty IT Outlook for the Week (Nov 19, 2018 – Nov 23, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Nov 19, 2018 – Nov 23, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 0.50%.

As we have mentioned last week, that resistance for the index lies in the zone of 14800 to 15000 where Fibonacci levels and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 15500 to 15600 from where the index has broken down from September-2018 low and short term moving averages are lying. During the week the index manages to hit a high of 14822 and close the week around the levels of 14473.

Minor support for the index lies in the zone of 14200 to 14300. Support for the index lies in the zone of 13700 to 13900 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 13200 to 13300 where the index has taken support in the month of May-2018 and June-2018.

Resistance for the index lies in the zone of 14800 to 15000 where Fibonacci levels and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 15500 to 15600 from where the index has broken down from September-2018 low and short term moving averages are lying.

Range for the week is seen from 13900 to 14000 on downside & 15000 to 15100 on upside.

Nifty IT Outlook for the Week (Nov 12, 2018 – Nov 16, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Nov 12, 2018 – Nov 16, 2018) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 14200 to 14300. Support for the index lies in the zone of 13700 to 13900 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 13200 to 13300 where the index has taken support in the month of May-2018 and June-2018. During the week the index manages to hit a low of 14345 and close the week around the levels of 14553.

Minor support for the index lies in the zone of 14200 to 14300. Support for the index lies in the zone of 13700 to 13900 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 13200 to 13300 where the index has taken support in the month of May-2018 and June-2018.

Resistance for the index lies in the zone of 14800 to 15000 where Fibonacci levels and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 15500 to 15600 from where the index has broken down from September-2018 low and short term moving averages are lying.

Range for the week is seen from 13900 to 14000 on downside & 15000 to 15100 on upside.

Nifty IT Outlook for the Week (Nov 05, 2018 – Nov 09, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Nov 05, 2018 – Nov 09, 2018) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that support for the index lies in the zone of 13700 to 13900 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 13200 to 13300 where the index has taken support in the month of May-2018 and June-2018. During the week the index manages to hit a low of 13696 and close the week around the levels of 14397.

Minor support for the index lies in the zone of 14200 to 14300. Support for the index lies in the zone of 13700 to 13900 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 13200 to 13300 where the index has taken support in the month of May-2018 and June-2018.

Resistance for the index lies in the zone of 14800 to 15000 where Fibonacci levels and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 15500 to 15600 from where the index has broken down from September-2018 low and short term moving averages are lying.

Broad range for the index in the coming week is seen from 13700 to 13800 on downside & 15000 to 15100 on upside.

Nifty IT Outlook for the Week (Oct 29, 2018 – Nov 02, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Oct 29, 2018 – Nov 02, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 4.70%.

As we have mentioned last week, that support for the index lies in the zone of 14300 to 14350 from where the index broke out of April-2018 and June-2018 high. If the index manages to close below these levels then the index can drift to the levels of 13800 to 13900 where Fibonacci levels and long term moving averages are lying. During the week the index manages to hit a low of 13770 and close the week around the levels of 13799.

Support for the index lies in the zone of 13700 to 13900 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 13200 to 13300 where the index has taken support in the month of May-2018 and June-2018.

Minor resistance for the index lies in the zone of 14200 to 14300. Resistance for the index lies in the zone of 14700 to 14800 where Fibonacci levels and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 15500 to 15600 from where the index has broken down from September-2018 low and short term moving averages are lying.

Broad range for the index in the coming week is seen from 13100 to 13300 on downside & 14500 to 14700 on upside.

Nifty IT Outlook for the Week (Oct 22, 2018 – Oct 26, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Oct 22, 2018 – Oct 26, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 0.50%.

As we have mentioned last week, that resistance for the index lies in the zone of 14800 to 14900 where Fibonacci levels and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 15500 to 15600 from where the index has broken down from September-2018 low and short term moving averages are lying. During the week the index manages to hit a high of 15191 and close the week around the levels of 14477.

Support for the index lies in the zone of 14300 to 14350 from where the index broke out of April-2018 and June-2018 high. If the index manages to close below these levels then the index can drift to the levels of 13800 to 13900 where Fibonacci levels and long term moving averages are lying.

Resistance for the index lies in the zone of 14800 to 14900 where Fibonacci levels and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 15500 to 15600 from where the index has broken down from September-2018 low and short term moving averages are lying.

Broad range for the index in the coming week is seen from 14000 to 14100 on downside & 15000 to 15100 on upside.

Nifty IT Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Oct 15, 2018 – Oct 19, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 6.70%.

As we have mentioned last week, that support for the index lies in the zone of 15300 to 15400 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 15000 to 15100 from where the index broke out after consolidation. During the week the index manages to hit a low of 14408 and close the week around the levels of 14539.

Support for the index lies in the zone of 14200 to 14300 from where the index broke out of April-2018 and June-2018 high. If the index manages to close below these levels then the index can drift to the levels of 13800 to 13900 where Fibonacci levels and long term moving averages are lying.

Resistance for the index lies in the zone of 14800 to 14900 where Fibonacci levels and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 15500 to 15600 from where the index has broken down from September-2018 low and short term moving averages are lying.

Broad range for the index in the coming week is seen from 14000 to 14100 on downside & 15000 to 15100 on upside.

Nifty IT Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Oct 08, 2018 – Oct 12, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 1.60%.

As we have mentioned last week, that minor support for the index lies around 15800 to 15900. Support for the index lies in the zone of 15300 to 15400 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 15000 to 15100 from where the index broke out after consolidation. During the week the index manages to hit a low of 15266 and close the week around the levels of 15592.

Support for the index lies in the zone of 15300 to 15400 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 15000 to 15100 from where the index broke out after consolidation.

Minor resistance for the index lies around 15800 to 15900. Resistance for the index lies in the zone of 16250 to 16350 where the index has formed a high in the month of September-2018. If the index manages to close above these levels then the index can move to the levels of 16600 to 16700.

Broad range for the index in the coming week is seen from 15000 to 15100 on downside & 16000 to 16100 on upside.

Nifty IT Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Oct 01, 2018 – Oct 05, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on absolutely flat note.

As we have mentioned last week, that minor support for the index lies around 15800 to 15900. Support for the index lies in the zone of 15300 to 15400 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 15000 to 15100 from where the index broke out after consolidation. During the week the index manages to hit a low of 15735 and close the week around the levels of 15838.

Minor support for the index lies around 15800 to 15900. Support for the index lies in the zone of 15300 to 15400 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 15000 to 15100 from where the index broke out after consolidation.

Resistance for the index lies in the zone of 16250 to 16350 where the index has formed a high in the month of September-2018. If the index manages to close above these levels then the index can move to the levels of 16600 to 16700.

Broad range for the index in the coming week is seen from 15300 to 15400 on downside & 16200 to 16300 on upside.

Nifty IT Outlook for the Week (Sep 24, 2018 – Sep 28, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Sep 24, 2018 – Sep 28, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 1.50%.

As we have mentioned last week, that resistance for the index lies in the zone of 16200 to 16300. If the index manages to close above these levels then the index can move to the levels of 16500 to 16600. During the week the index manages to hit a high of 16207 and close the week around the levels of 15833.

Minor support for the index lies around 15800 to 15900. Support for the index lies in the zone of 15300 to 15400 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 15000 to 15100 from where the index broke out after consolidation.

Resistance for the index lies in the zone of 16200 to 16300. If the index manages to close above these levels then the index can move to the levels of 16500 to 16600.

Broad range for the index in the coming week is seen from 15300 to 15400 on downside & 16200 to 16300 on upside.

Nifty IT Outlook for the Week (Sep 17, 2018 – Sep 21, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Sep 17, 2018 – Sep 21, 2018) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that minor support for the index lies around 15800 to 15900. Support for the index lies in the zone of 15300 to 15400 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 15000 to 15100 from where the index broke out after consolidation. During the week the index manages to hit a low of 15843 and close the week around the levels of 16072.

Minor support for the index lies around 15800 to 15900. Support for the index lies in the zone of 15300 to 15400 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 15000 to 15100 from where the index broke out after consolidation.

Resistance for the index lies in the zone of 16200 to 16300. If the index manages to close above these levels then the index can move to the levels of 16500 to 16600.

Broad range for the index in the coming week is seen from 15500 to 15600 on downside & 16400 to 16500 on upside.

Nifty IT Outlook for the Week (Sep 10, 2018 – Sep 14, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Sep 10, 2018 – Sep 14, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT 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 15900 to 16000 where Fibonacci extension levels are lying. If the index manages to close above these levels then the index can move to the levels of 16400 to 16500. During the week the index manages to hit a high of 16130 and close the week around the levels of 16105.

Minor support for the index lies around 15800 to 15900. Support for the index lies in the zone of 15300 to 15400 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 15000 to 15100 from where the index broke out after consolidation.

Resistance for the index lies in the zone of 16200 to 16300. If the index manages to close above these levels then the index can move to the levels of 16500 to 16600.

Broad range for the index in the coming week is seen from 15500 to 15600 on downside & 16400 to 16500 on upside.

Nifty IT Outlook for the Week (Sep 03, 2018 – Sep 07, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Sep 03, 2018 – Sep 07, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on positive note gaining around 3.60%.

As we have mentioned last week, that Resistance for the index lies in the zone of 15200 to 15300. If the index manages to close above these levels then the index can move to the levels of 15500 to 15600. During the week the index manages to hit a high of 15834 and close the week around the levels of 15811.

Minor support for the index lies around 15500 to 15600. Support for the index lies in the zone of 15000 to 15100 from where the index broke out after consolidation. If the index manages to close below these levels then the index can drift to the levels of 14700 to 14800 where Fibonacci extension and high for the month of July-2018 is lying.

Resistance for the index lies in the zone of 15900 to 16000 where Fibonacci extension levels are lying. If the index manages to close above these levels then the index can move to the levels of 16400 to 16500.

Broad range for the index in the coming week is seen from 15400 to 15500 on downside & 16100 to 16200 on upside.

Nifty IT Outlook for the Week (Aug 27, 2018 – Aug 31, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Aug 27, 2018 – Aug 31, 2018) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that support for the index lies in the zone of 14700 to 14800 where Fibonacci extension and high for the month of July-2018 is lying. If the index manages to close below these levels then the index can drift to the levels of 14200 to 14300 from where the index broke out of the top formed in the month of April-2018 and June-2018. During the week the index manages to hit a low of 14946 and close the week around the levels of 15260.

Minor support for the index lies around 15000 to 15050. Support for the index lies in the zone of 14700 to 14800 where Fibonacci extension and high for the month of July-2018 is lying. If the index manages to close below these levels then the index can drift to the levels of 14200 to 14300 from where the index broke out of the top formed in the month of April-2018 and June-2018.

Resistance for the index lies in the zone of 15200 to 15300. If the index manages to close above these levels then the index can move to the levels of 15500 to 15600.

Broad range for the index in the coming week is seen from 14700 to 14800 on downside & 15500 to 15600 on upside.

Nifty IT Outlook for the Week (Aug 20, 2018 – Aug 24, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Aug 20, 2018 – Aug 24, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on positive note gaining around 3.00%.

As we have mentioned last week, that resistance for the index lies in the zone of 14700 to 14800 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 15200 to 15300. During the week the index manages to hit a high of 15143 and close the week around the levels of 15126.

Support for the index lies in the zone of 14700 to 14800 where Fibonacci extension and high for the month of July-2018 is lying. If the index manages to close below these levels then the index can drift to the levels of 14200 to 14300 from where the index broke out of the top formed in the month of April-2018 and June-2018.

Resistance for the index lies in the zone of 15200 to 15300. If the index manages to close above these levels then the index can move to the levels of 15500 to 15600.

Broad range for the index in the coming week is seen from 14600 to 14700 on downside & 15400 to 15500 on upside.

Nifty IT Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Aug 13, 2018 – Aug 17, 2018) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 14700 to 14800 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 15200 to 15300. During the week the index manages to hit a high of 14731 and close the week around the levels of 14679.

Minor support for the index lies around 14400 to 14500. Support for the index lies in the zone of 14200 to 14300 from where the index broke out of the top formed in the month of April-2018 and June-2018. If the index manages to close below these levels then the index can drift to the levels of 13400 to 13500 from where the index broke out of January-2018 high.

Resistance for the index lies in the zone of 14700 to 14800 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 15200 to 15300.

Broad range for the index in the coming week is seen from 14200 to 14300 on downside & 14900 to 15000 on upside.

Nifty IT Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Aug 06, 2018 – Aug 10, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on positive note gaining around 1.00%.

As we have mentioned last week, that resistance for the index lies in the zone of 14700 to 14800 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 15200 to 15300. During the week the index manages to hit a high of 14740 and close the week around the levels of 14649.

Minor support for the index lies around 14400 to 14500. Support for the index lies in the zone of 14200 to 14300 from where the index broke out of the top formed in the month of April-2018 and June-2018. If the index manages to close below these levels then the index can drift to the levels of 13400 to 13500 from where the index broke out of January-2018 high.

Resistance for the index lies in the zone of 14700 to 14800 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 15200 to 15300.

Broad range for the index in the coming week is seen from 14200 to 14300 on downside & 14900 to 15000 on upside.

Nifty IT Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (July 30, 2018 – Aug 03, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 1.20%.

As we have mentioned last week, that resistance for the index lies in the zone of 14700 to 14800 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 15200 to 15300. During the week the index manages to hit a high of 14769 and close the week around the levels of 14518.

Minor support for the index lies around 14400 to 14500. Support for the index lies in the zone of 14200 to 14300 from where the index broke out of the top formed in the month of April-2018 and June-2018. If the index manages to close below these levels then the index can drift to the levels of 13400 to 13500 from where the index broke out of January-2018 high.

Resistance for the index lies in the zone of 14700 to 14800 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 15200 to 15300.

Broad range for the index in the coming week is seen from 14000 to 14100 on downside & 14900 to 15000 on upside.

Nifty IT Outlook for the Week (July 23, 2018 – July 27, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (July 23, 2018 – July 27, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT 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 14700 to 14800 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 15200 to 15300. During the week the index manages to hit a high of 14776 and close the week around the levels of 14701.

Minor support for the index lies around 14400 to 14500. Support for the index lies in the zone of 14200 to 14300 from where the index broke out of the top formed in the month of April-2018 and June-2018. If the index manages to close below these levels then the index can drift to the levels of 13400 to 13500 from where the index broke out of January-2018 high.

Resistance for the index lies in the zone of 14700 to 14800 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 15200 to 15300.

Broad range for the index in the coming week is seen from 14200 to 14300 on downside & 14900 to 15000 on upside.

Nifty IT Outlook for the Week (July 16, 2018 – July 20, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (July 16, 2018 – July 20, 2018) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that minor resistance for the index lies around 13900 to 14000. Resistance for the index lies in the zone of 14200 to 14300 where the index has formed a top in the month of April-2018 and June-2018. If the index manages to close above these levels then the index can move to the levels of 14500 to 14600. During the week the index manages to hit a high of 14655 and close the week around the levels of 14535.

Support for the index lies in the zone of 14200 to 14300 from where the index broke out of the top formed in the month of April-2018 and June-2018. If the index manages to close below these levels then the index can drift to the levels of 13400 to 13500 from where the index broke out of January-2018 high.

Resistance for the index lies in the zone of 14700 to 14800 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 15200 to 15300.

Broad range for the index in the coming week is seen from 14000 to 14100 on downside & 14800 to 14900 on upside.

Nifty IT Outlook for the Week (July 09, 2018 – July 13, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (July 09, 2018 – July 13, 2018) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that minor resistance for the index lies around 13900 to 14000. Resistance for the index lies in the zone of 14200 to 14300 where the index has formed a top in the month of April-2018 and June-2018. If the index manages to close above these levels then the index can move to the levels of 14500 to 14600. During the week the index manages to hit a high of 14244 and close the week around the levels of 14016.

Support for the index lies in the zone of 13400 to 13500 from where the index broke out of January-2018 high. If the index manages to close below these levels then the index can drift to the levels of 12900 to 13000 from where the index broke out of March-2018 high and Fibonacci levels are lying.

Minor resistance for the index lies around 13900 to 14000. Resistance for the index lies in the zone of 14200 to 14300 where the index has formed a top in the month of April-2018 and June-2018. If the index manages to close above these levels then the index can move to the levels of 14500 to 14600.

Broad range for the index in the coming week is seen from 13500 to 13600 on downside & 14300 to 14400 on upside.

Nifty IT Outlook for the Week (July 02, 2018 – July 06, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (July 02, 2018 – July 06, 2018) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that minor resistance for the index lies around 13900 to 14000. Resistance for the index lies in the zone of 14200 to 14300 where the index has formed a top in the month of April-2018. If the index manages to close above these levels then the index can move to the levels of 14500 to 14600. During the week the index manages to hit a high of 14143 and close the week around the levels of 13989.

Support for the index lies in the zone of 13400 to 13500 from where the index broke out of January-2018 high. If the index manages to close below these levels then the index can drift to the levels of 12900 to 13000 from where the index broke out of March-2018 high and Fibonacci levels are lying.

Minor resistance for the index lies around 13900 to 14000. Resistance for the index lies in the zone of 14200 to 14300 where the index has formed a top in the month of April-2018 and June-2018. If the index manages to close above these levels then the index can move to the levels of 14500 to 14600.

Broad range for the index in the coming week is seen from 13500 to 13600 on downside & 14300 to 14400 on upside.

Nifty IT Outlook for the Week (June 25, 2018 – June 29, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (June 25, 2018 – June 29, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 2.70%.

As we have mentioned last week, that resistance for the index lies in the zone of 14200 to 14300 where the index has formed a top in the month of April-2018. If the index manages to close above these levels then the index can move to the levels of 14500 to 14600. During the week the index manages to hit a high of 14223 and close the week around the levels of 13744.

Support for the index lies in the zone of 13400 to 13500 from where the index broke out of January-2018 high. If the index manages to close below these levels then the index can drift to the levels of 12900 to 13000 from where the index broke out of March-2018 high and short term moving averages are lying.

Minor resistance for the index lies around 13900 to 14000. Resistance for the index lies in the zone of 14200 to 14300 where the index has formed a top in the month of April-2018. If the index manages to close above these levels then the index can move to the levels of 14500 to 14600.

Broad range for the index in the coming week is seen from 13400 to 13500 on downside & 14000 to 14100 on upside.

Nifty IT Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (June 18, 2018 – June 22, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT 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 13900 to 14000 where the index has formed a top in the month of May-2018. If the index manages to close above these levels then the index can move to the levels of 14200 to 14300 where the index has formed a top in the month of April-2018. During the week the index manages to hit a high of 14152 and close the week around the levels of 14121.

Minor support for the index lies around 13900 to 14000. Support for the index lies in the zone of 13400 to 13500 from where the index broke out of January-2018 high. If the index manages to close below these levels then the index can drift to the levels of 12900 to 13000 from where the index broke out of March-2018 high and short term moving averages are lying.

Resistance for the index lies in the zone of 14200 to 14300 where the index has formed a top in the month of April-2018. If the index manages to close above these levels then the index can move to the levels of 14500 to 14600.

Broad range for the index in the coming week is seen from 13600 to 13700 on downside & 14500 to 14600 on upside.

Nifty IT Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (June 11, 2018 – June 15, 2018) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that support for the index lies in the zone of 13400 to 13500 from where the index broke out of January-2018 high. If the index manages to close below these levels then the index can drift to the levels of 12900 to 13000 from where the index broke out of March-2018 high and short term moving averages are lying. During the week the index manages to hit a low of 13355 and close the week around the levels of 13770.

Support for the index lies in the zone of 13400 to 13500 from where the index broke out of January-2018 high. If the index manages to close below these levels then the index can drift to the levels of 12900 to 13000 from where the index broke out of March-2018 high and short term moving averages are lying.

Resistance for the index lies in the zone of 13900 to 14000 where the index has formed a top in the month of May-2018. If the index manages to close above these levels then the index can move to the levels of 14200 to 14300 where the index has formed a top in the month of April-2018.

Broad range for the index in the coming week is seen from 13400 to 13500 on downside & 14000 to 14100 on upside.

Nifty IT Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (June 04, 2018 – June 08, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 1.50%.

As we have mentioned last week, that minor support for the index lies in the zone of 13650 to 13750. Support for the index lies in the zone of 13400 to 13500 from where the index broke out of January-2018 high. If the index manages to close below these levels then the index can drift to the levels of 12900 to 13000 from where the index broke out of March-2018 high and short term moving averages are lying. During the week the index manages to hit a low of 13457 and close the week around the levels of 13558.

Support for the index lies in the zone of 13400 to 13500 from where the index broke out of January-2018 high. If the index manages to close below these levels then the index can drift to the levels of 12900 to 13000 from where the index broke out of March-2018 high and short term moving averages are lying.

Minor resistance for the index lies in the zone of 13650 to 13750. Resistance for the index lies in the zone of 13900 to 14000 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 14200 to 14300 where the index has formed a top in the month of April-2018.

Broad range for the index in the coming week is seen from 13000 to 13100 on downside & 14000 to 14100 on upside.

Nifty IT Outlook for the Week (May 28, 2018 – June 01, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (May 28, 2018 – June 01, 2018) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that support for the index lies in the zone of 13400 to 13500 from where the index broke out of January-2018 high. If the index manages to close below these levels then the index can drift to the levels of 12900 to 13000 from where the index broke out of March-2018 high and short term moving averages are lying. During the week the index manages to hit a low of 13420 and close the week around the levels of 13899.

Minor support for the index lies in the zone of 13650 to 13750. Support for the index lies in the zone of 13400 to 13500 from where the index broke out of January-2018 high. If the index manages to close below these levels then the index can drift to the levels of 12900 to 13000 from where the index broke out of March-2018 high and short term moving averages are lying.

Resistance for the index lies in the zone of 13900 to 14000 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 14200 to 14300 where the index has formed a top in the month of April-2018.

Broad range for the index in the coming week is seen from 13500 to 13600 on downside & 14200 to 14300 on upside.

Nifty IT Outlook for the Week (May 21, 2018 – May 25, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (May 21, 2018 – May 25, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on absolutely flat note.

As we have mentioned last week, that support for the index lies in the zone of 13400 to 13500 from where the index broke out of January-2018 high. If the index manages to close below these levels then the index can drift to the levels of 12900 to 13000 from where the index broke out of March-2018 high and short term moving averages are lying. During the week the index manages to hit a low of 13358 and close the week around the levels of 13459.

Support for the index lies in the zone of 13400 to 13500 from where the index broke out of January-2018 high. If the index manages to close below these levels then the index can drift to the levels of 12900 to 13000 from where the index broke out of March-2018 high and short term moving averages are lying.

Resistance for the index lies in the zone of 13700 to 13800 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 14200 to 14300 where the index has formed a top in the month of April-2018.

Broad range for the index in the coming week is seen from 13000 to 13100 on downside & 14000 to 14100 on upside.

Nifty IT Outlook for the Week (May 14, 2018 – May 18, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (May 14, 2018 – May 18, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on absolutely flat note.

As we have mentioned last week, that resistance for the index lies in the zone of 13700 to 13800 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 14200 to 14300 where the index has formed a top in the month of April-2018. During the week the index manages to hit a high of 13566 and close the week around the levels of 13478.

Support for the index lies in the zone of 13400 to 13500 from where the index broke out of January-2018 high. If the index manages to close below these levels then the index can drift to the levels of 12900 to 13000 from where the index broke out of March-2018 high and short term moving averages are lying.

Resistance for the index lies in the zone of 13700 to 13800 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 14200 to 14300 where the index has formed a top in the month of April-2018.

Broad range for the index in the coming week is seen from 13000 to 13100 on downside & 14000 to 14100 on upside.

Nifty IT Outlook for the Week (May 07, 2018 – May 11, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (May 07, 2018 – May 11, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 2.50%.

As we have mentioned last week, that resistance for the index lies in the zone of 13900 to 14000. If the index manages to close above these levels then the index can move to the levels of 14400 to 14500. During the week the index manages to hit a high of 14094 and close the week around the levels of 13453.

Support for the index lies in the zone of 13400 to 13500 from where the index broke out of January-2018 high. If the index manages to close below these levels then the index can drift to the levels of 12900 to 13000 from where the index broke out of March-2018 high and short term moving averages are lying.

Resistance for the index lies in the zone of 13700 to 13800 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 14200 to 14300 where the index has formed a top in the month of April-2018.

Broad range for the index in the coming week is seen from 13000 to 13100 on downside & 14000 to 14100 on upside.

Nifty IT Outlook for the Week (Apr 30, 2018 – May 04, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Apr 30, 2018 – May 04, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT 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 13400 to 13500 from where the index broke out of January-2018 high. If the index manages to close below these levels then the index can drift to the levels of 12900 to 13000 from where the index broke out of March-2018 highs. During the week the index manages to hit a low of 13666 and close the week around the levels of 13795.

Support for the index lies in the zone of 13400 to 13500 from where the index broke out of January-2018 high. If the index manages to close below these levels then the index can drift to the levels of 12900 to 13000 from where the index broke out of March-2018 highs.

Resistance for the index lies in the zone of 13900 to 14000. If the index manages to close above these levels then the index can move to the levels of 14400 to 14500.

Broad range for the index in the coming week is seen from 13200 to 13300 on downside & 14200 to 14300 on upside.

Nifty IT Outlook for the Week (Apr 23, 2018 – Apr 27, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Apr 23, 2018 – Apr 27, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on positive note gaining around 4.90%.

As we have mentioned last week, that support for the index lies in the zone of 12900 to 13000 from where the index broke out of March-2018 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 and short term moving averages are lying. During the week the index manages to hit a low of 12935 and close the week around the levels of 13910.

Support for the index lies in the zone of 13400 to 13500 from where the index broke out of January-2018 high. If the index manages to close below these levels then the index can drift to the levels of 12900 to 13000 from where the index broke out of March-2018 highs.

Resistance for the index lies in the zone of 13900 to 14000. If the index manages to close above these levels then the index can move to the levels of 14400 to 14500.

Broad range for the index in the coming week is seen from 13400 to 13500 on downside & 14400 to 14500 on upside.

Nifty IT Outlook for the Week (Apr 16, 2018 – Apr 20, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Apr 16, 2018 – Apr 20, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on positive note gaining around 5.20%.

As we have mentioned last week, that resistance for the index lies in the zone of 12800 to 12900 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 13400 to 13500 where the index has formed a top in the month of January-2018. During the week the index manages to hit a high of 13380 and close the week around the levels of 13260.

Support for the index lies in the zone of 12900 to 13000 from where the index broke out of March-2018 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 and short term moving averages are lying.

Resistance for the index lies in the zone of 13400 to 13500 where the index has formed a top in the month of January-2018. If the index manages to close above these levels then the index can move to the levels of 13900 to 14000.

Broad range for the index in the coming week is seen from 12500 to 12600 on downside & 13800 to 13900 on upside.

Nifty IT Outlook for the Week (Apr 09, 2018 – Apr 13, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Apr 09, 2018 – Apr 13, 2018) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 12500 to 12600. Support for the index lies in the zone of 12200 to 12300 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11700 to 11800 where Fibonacci levels are lying. During the week the index manages to hit a low of 12442 and close the week around the levels of 12603.

Minor support for the index lies in the zone of 12500 to 12600. Support for the index lies in the zone of 12200 to 12300 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11700 to 11800 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 12800 to 12900 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 13400 to 13500 where the index has formed a top in the month of January-2018.

Broad range for the index in the coming week is seen from 12000 to 12100 on downside & 13000 to 13100 on upside.

Nifty IT Outlook for the Week (Apr 02, 2018 – Apr 06, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Apr 02, 2018 – Apr 06, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT 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 12500 to 12600. Support for the index lies in the zone of 12200 to 12300 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11700 to 11800 where Fibonacci levels are lying. During the week the index manages to hit a low of 12392 and close the week around the levels of 12511.

Minor support for the index lies in the zone of 12500 to 12600. Support for the index lies in the zone of 12200 to 12300 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11700 to 11800 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 12800 to 12900 from where the index has opened gap down and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 13400 to 13500 where the index has formed a top in the month of January-2018.

Broad range for the index in the coming week is seen from 12000 to 12100 on downside & 13000 to 13100 on upside.

Nifty IT Outlook for the Week (Mar 26, 2018 – Mar 28, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Mar 26, 2018 – Mar 28, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 1.20%.

As we have mentioned last week, that minor support for the index lies in the zone of 12500 to 12600. Support for the index lies in the zone of 12200 to 12300 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11700 to 11800 where medium term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 12281 and close the week around the levels of 12541.

Minor support for the index lies in the zone of 12500 to 12600. Support for the index lies in the zone of 12200 to 12300 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11700 to 11800 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 12800 to 12900 from where the index has opened gap down and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 13400 to 13500 where the index has formed a top in the month of January-2018.

Broad range for the index in the coming week is seen from 12000 to 12100 on downside & 13000 to 13100 on upside.

Nifty IT Outlook for the Week (Mar 12, 2018 – Mar 16, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Mar 12, 2018 – Mar 16, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT 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 12800 to 12900 from where the index has opened gap down and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 13400 to 13500 where the index has formed a top in the month of January-2018. During the week the index manages to hit a high of 12930 and close the week around the levels of 12747.

Minor support for the index lies in the zone of 12500 to 12600. Support for the index lies in the zone of 12200 to 12300 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11700 to 11800 where medium term moving averages and Fibonacci levels are lying.

Resistance for the index lies in the zone of 12800 to 12900 from where the index has opened gap down and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 13400 to 13500 where the index has formed a top in the month of January-2018.

Broad range for the index in the coming week is seen from 12200 to 12300 on downside & 13200 to 13300 on upside.

Nifty IT Outlook for the Week (Mar 05, 2018 – Mar 09, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Mar 05, 2018 – Mar 09, 2018) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 12800 to 12900 from where the index has opened gap down and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 13400 to 13500 where the index has formed a top in the month of January-2018. During the week the index manages to hit a high of 12904 and close the week around the levels of 12769.

Minor support for the index lies in the zone of 12500 to 12600. Support for the index lies in the zone of 12200 to 12300 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11700 to 11800 where medium term moving averages and Fibonacci levels are lying.

Resistance for the index lies in the zone of 12800 to 12900 from where the index has opened gap down and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 13400 to 13500 where the index has formed a top in the month of January-2018.

Broad range for the index in the coming week is seen from 12400 to 12500 on downside & 13400 to 13500 on upside.

Nifty IT Outlook for the Week (Feb 26, 2018 – Mar 02, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Feb 26, 2018 – Mar 02, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on positive note gaining around 3.50%.

As we have mentioned last week, that support for the index lies in the zone of 12200 to 12300 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11700 to 11800 where medium term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 12229 and close the week around the levels of 12871.

Minor support for the index lies in the zone of 12500 to 12600. Support for the index lies in the zone of 12200 to 12300 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11700 to 11800 where medium term moving averages and Fibonacci levels are lying.

Resistance for the index lies in the zone of 12800 to 12900 from where the index has opened gap down and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 13400 to 13500 where the index has formed a top in the month of January-2018.

Broad range for the index in the coming week is seen from 12400 to 12500 on downside & 13400 to 13500 on upside.

Nifty IT Outlook for the Week (Feb 19, 2018 – Feb 23, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Feb 19, 2018 – Feb 23, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 0.50%.

As we have mentioned last week, that resistance for the index lies in the zone of 12700 to 12800 from where the index has opened gap down. If the index manages to close above these levels then the index can move to the levels of 13000 to 13100 from where the index broke down after consolidation and Fibonacci levels are lying. During the week the index manages to hit a high of 12687 and close the week around the levels of 12438.

Support for the index lies in the zone of 12200 to 12300 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11700 to 11800 where medium term moving averages and Fibonacci levels are lying.

Resistance for the index lies in the zone of 12700 to 12800 from where the index has opened gap down. If the index manages to close above these levels then the index can move to the levels of 13000 to 13100 from where the index broke down after consolidation and Fibonacci levels are lying.

Broad range for the index in the coming week is seen from 12000 to 12100 on downside & 13000 to 13100 on upside.

Nifty IT Outlook for the Week (Feb 12, 2018 – Feb 16, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Feb 12, 2018 – Feb 16, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 3.80%.

As we have mentioned last week, that support for the index lies in the zone of 12900 to 13000 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 12400 to 12500 where break out levels are lying. During the week the index manages to hit a low of 12350 and close the week around the levels of 12495.

Support for the index lies in the zone of 12200 to 12300 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11800 to 11900 where short term moving averages and Fibonacci levels are lying.

Resistance for the index lies in the zone of 12700 to 12800 from where the index has opened gap down. If the index manages to close above these levels then the index can move to the levels of 13000 to 13100 from where the index broke down after consolidation and Fibonacci levels are lying.

Broad range for the index in the coming week is seen from 12000 to 12100 on downside & 13000 to 13100 on upside.

Nifty IT Outlook for the Week (Feb 05, 2018 – Feb 09, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  (Feb 05, 2018 – Feb 09, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT 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 12900 to 13000 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 12400 to 12500 where break out levels are lying. During the week the index manages to hit a low of 12813 and close the week around the levels of 12984.

Support for the index lies in the zone of 12900 to 13000 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 12400 to 12500 where break out levels are lying.

Resistance for the index lies in the zone of 13500 to 13600. If the index manages to close above these levels then the index can move to the levels of 14000 to 14100.

Broad range for the index in the coming week is seen from 12400 to 12500 on downside & 13500 to 13600 on upside.

Nifty IT Outlook for the Week (Jan 29, 2018 – Feb 02, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  ( Jan 29, 2018 – Feb 02, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT 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 12900 to 13000 where life time high for the index is lying. 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 13554 and close the week around the levels of 13138.

Support for the index lies in the zone of 12900 to 13000 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 12400 to 12500 where break out levels are lying.

Resistance for the index lies in the zone of 13500 to 13600. If the index manages to close above these levels then the index can move to the levels of 14000 to 14100.

Broad range for the index in the coming week is seen from 12400 to 12500 on downside & 13500 to 13600 on upside.

Nifty IT Outlook for the Week (Jan 22, 2018 – Jan 25, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  ( Jan 22, 2018 – Jan 25, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on positive note gaining around 4.40%.

As we have mentioned last week, that resistance for the index lies in the zone of 12200 to 12300 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 12500 to 12600. During the week the index manages to hit a high of 12668 and close the week around the levels of 12634.

Minor support for the index lies in the zone of 12300 to 12400. Support for the index lies in the zone of 12000 to 12100 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11700 to 11800 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 12900 to 13000 where life time high for the index is lying. 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 in the coming week is seen from 12000 to 12100 on downside & 13000 to 13100 on upside.

Nifty IT Outlook for the Week (Jan 15, 2018 – Jan 19, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  ( Jan 15, 2018 – Jan 19, 2018) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on positive note gaining around 6.60%.

As we have mentioned last week, that resistance for the index lies in the zone of 11650 to 11750. If the index manages to close above these levels then the index can move to the levels of 12000 to 12100. During the week the index manages to hit a high of 12179 and close the week around the levels of 12099.

Minor support for the index lies in the zone of 11900 to 12000. Support for the index lies in the zone of 11700 to 11800 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11300 to 11350 from where the index broke out of the double top pattern and Fibonacci levels are lying.

Resistance for the index lies in the zone of 12200 to 12300 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 12500 to 12600.

Broad range for the index in the coming week is seen from 11600 to 11700 on downside & 12500 to 12600 on upside.

Nifty IT Outlook for the Week (Jan 08, 2018 – Jan 12, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  ( Jan 08, 2018 – Jan 12, 2018) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 11500 to 11550. Support for the index lies in the zone of 11300 to 11350 from where the index broke out of the double top pattern and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11050 to 11100 where long term Fibonacci levels are lying. During the week the index manages to hit a low of 11510 and close the week around the levels of 11630.

Minor support for the index lies in the zone of 11500 to 11550. Support for the index lies in the zone of 11300 to 11350 from where the index broke out of the double top pattern and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11050 to 11100 where long term Fibonacci levels are lying.

Resistance for the index lies in the zone of 11650 to 11750. If the index manages to close above these levels then the index can move to the levels of 12000 to 12100.

Broad range for the index in the coming week is seen from 11300 to 11400 on downside & 11900 to 12000 on upside.

Nifty IT Outlook for the Week (Jan 01, 2018 – Jan 05, 2018)

EquityPandit’s Outlook for NIFTY IT for the week  ( Jan 01, 2018 – Jan 05, 2018) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 11450 to 11550. If the index manages to close above these levels then the index can move to the levels of 11650 to 11750. During the week the index manages to hit a high of 11690 and close the week around the levels of 11666.

Minor support for the index lies in the zone of 11500 to 11550. Support for the index lies in the zone of 11300 to 11350 from where the index broke out of the double top pattern and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11050 to 11100 where long term Fibonacci levels are lying.

Resistance for the index lies in the zone of 11650 to 11750. If the index manages to close above these levels then the index can move to the levels of 12000 to 12100.

Broad range for the index in the coming week is seen from 11300 to 11400 on downside & 11900 to 12000 on upside.

Nifty IT Outlook for the Week (Dec 26, 2017 – Dec 29, 2017)

EquityPandit’s Outlook for NIFTY IT for the week  ( Dec 26, 2017 – Dec 29, 2017) :  

NIFTY IT:

 

NIFTYIT

 

Nifty IT 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 11250 to 11350 where the index has formed a double top pattern and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11450 to 11550. During the week the index manages to hit a high of 11533 and close the week around the levels of 11502.

Support for the index lies in the zone of 11250 to 11350 from where the index broke out of the double top pattern and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11050 to 11100 where long term Fibonacci levels and short term moving averages are lying.

Resistance for the index lies in the zone of 11450 to 11550. If the index manages to close above these levels then the index can move to the levels of 11650 to 11750.

Broad range for the index in the coming week is seen from 11100 to 11200 on downside & 11700 to 11800 on upside.

Nifty IT Outlook for the Week (Dec 18, 2017 – Dec 22, 2017)

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on positive note gaining around 1.00%.

As we have mentioned last week, that resistance for the index lies in the zone of 11250 to 11350 where the index has formed a double top pattern and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11450 to 11550. During the week the index manages to hit a high of 11342 and close the week around the levels of 11288.

Support for the index lies in the zone of 11050 to 11100 where long term Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10850 to 10900 where break out levels and medium term moving averages are lying.

Resistance for the index lies in the zone of 11250 to 11350 where the index has formed a double top pattern and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11450 to 11550.

Broad range for the index in the coming week is seen from 10900 to 11000 on downside & 11500 to 11600 on upside.

Nifty IT Outlook for the Week (Dec 11, 2017 – Dec 15, 2017)

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

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that support for the index lies in the zone of 10850 to 10900 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 10600 to 10700 where medium & long term moving averages and trend-line support for the index is lying. During the week the index manages to hit a low of 10901 and close the week around the levels of 11173.

Support for the index lies in the zone of 11050 to 11100 where long term Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10850 to 10900 where break out levels and short term moving averages are lying.

Resistance for the index lies in the zone of 11250 to 11350 where the index has formed a double top pattern and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11450 to 11550.

Broad range for the index in the coming week is seen from 10700 to 10800 on downside & 11400 to 11500 on upside.

Nifty IT Outlook for the Week (Dec 04, 2017 – Dec 08, 2017)

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 3.20%.

As we have mentioned last week, that resistance for the index lies in the zone of 11250 to 11350 from where the index has sold off in the month of August-2016. If the index manages to close above these levels then the index can move to the levels of 11600 to 11700. During the week the index manages to hit a high of 11326 and close the week around the levels of 10948.

Support for the index lies in the zone of 10850 to 10900 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 10600 to 10700 where medium & long term moving averages and trend-line support for the index is lying.

Resistance for the index lies in the zone of 11050 to 11100 where long term Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11250 to 11350 from where the index has sold off in the month of August-2016.

Broad range for the index in the coming week is seen from 10600 to 10700 on downside & 11200 to 11300 on upside.

Nifty IT Outlook for the Week (Nov 27, 2017 – Dec 01, 2017)

EquityPandit’s Outlook for NIFTY IT for the week  ( Nov 27, 2017 – Dec 01, 2017) :  

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that support for the index lies in the zone of 10950 to 11050 where long term Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10700 to 10800 where break out levels and short term moving averages are lying. During the week the index manages to hit a low of 11073 and close the week around the levels of 11306.

Minor support for the index lies in the zone of 11150 to 11200. Support for the index lies in the zone of 10950 to 11050 where long term Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10800 to 10850 where break out levels and short term moving averages are lying.

Resistance for the index lies in the zone of 11250 to 11350 from where the index has sold off in the month of August-2016. If the index manages to close above these levels then the index can move to the levels of 11600 to 11700.

Broad range for the index in the coming week is seen from 11000 to 11100 on downside & 11500 to 11600 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT 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 10900 to 11000 where long term Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10700 to 10750 where break out levels and short term moving averages are lying. During the week the index manages to hit a low of 11059 and close the week around the levels of 11150.

Support for the index lies in the zone of 10950 to 11050 where long term Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10700 to 10800 where break out levels and short term moving averages are lying.

Resistance for the index lies in the zone of 11200 to 11300 from where the index has sold off in the month of August-2016. If the index manages to close above these levels then the index can move to the levels of 11600 to 11700.

Broad range for the index in the coming week is seen from 10800 to 10900 on downside & 11300 to 11400 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT 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 10900 to 11000 where long term Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11200 to 11300. During the week the index manages to hit a high of 11306 and close the week around the levels of 11222.

Support for the index lies in the zone of 10900 to 11000 where long term Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10700 to 10750 where break out levels and short term moving averages are lying.

Resistance for the index lies in the zone of 11200 to 11300 from where the index has sold off in the month of August-2016. If the index manages to close above these levels then the index can move to the levels of 11600 to 11700.

Broad range for the index in the coming week is seen from 10900 to 11000 on downside & 11600 to 11700 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT 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 10900 to 11000 where long term Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11200 to 11300. During the week the index manages to hit a high of 10914 and close the week around the levels of 10839.

Minor support for the index lies in the zone of 10800 to 10830. Support for the index lies in the zone of 10700 to 10750 where the index has formed a top in the month of September-2017. If the index manages to close below these levels then the index can drift to the levels of 10550 to 10600 where short term moving averages and Fibonacci levels are lying.

Resistance for the index lies in the zone of 10900 to 11000 where long term Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11200 to 11300.

Broad range for the index in the coming week is seen from 10500 to 10600 on downside & 11200 to 11300 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 10830 to 10870. Support for the index lies in the zone of 10700 to 10750 where the index has formed a top in the month of September-2017. If the index manages to close below these levels then the index can drift to the levels of 10550 to 10600 where short term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 10799 and close the week around the levels of 10862.

Minor support for the index lies in the zone of 10800 to 10830. Support for the index lies in the zone of 10700 to 10750 where the index has formed a top in the month of September-2017. If the index manages to close below these levels then the index can drift to the levels of 10550 to 10600 where short term moving averages and Fibonacci levels are lying.

Resistance for the index lies in the zone of 10900 to 11000 where long term Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11200 to 11300.

Broad range for the index in the coming week is seen from 10500 to 10600 on downside & 11200 to 11300 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 10830 to 10870. Support for the index lies in the zone of 10700 to 10750 where the index has formed a top in the month of September-2017. If the index manages to close below these levels then the index can drift to the levels of 10550 to 10600 where short term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 10873 and close the week around the levels of 10891.

Minor support for the index lies in the zone of 10830 to 10870. Support for the index lies in the zone of 10700 to 10750 where the index has formed a top in the month of September-2017. If the index manages to close below these levels then the index can drift to the levels of 10550 to 10600 where short term moving averages and Fibonacci levels are lying.

Resistance for the index lies in the zone of 10900 to 11000 where long term Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11200 to 11300.

Broad range for the index in the coming week is seen from 10500 to 10600 on downside & 11200 to 11300 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT 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 10700 to 10750 where the index has formed a top in the month of September-2017. If the index manages to close above these levels then the index can move to the levels of 10850 to 10900 where the index has formed a top in the month of July-2017 & August-2017. During the week the index manages to hit a high of 10997 and close the week around the levels of 10924.

Minor support for the index lies in the zone of 10830 to 10870. Support for the index lies in the zone of 10700 to 10750 where the index has formed a top in the month of September-2017. If the index manages to close below these levels then the index can drift to the levels of 10550 to 10600 where short term moving averages and Fibonacci levels are lying.

Resistance for the index lies in the zone of 10900 to 11000 where long term Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11200 to 11300.

Broad range for the index in the coming week is seen from 10700 to 10750 on downside & 11200 to 11300 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT 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 10550 to 10600 where short term moving averages and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10700 to 10750 where the index has formed a top in the month of September-2017. During the week the index manages to hit a high of 10666 and close the week around the levels of 10655.

Support for the index lies in the zone of 10550 to 10600 where short term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where 200 daily moving averages and Fibonacci levels are lying.

Resistance for the index lies in the zone of 10700 to 10750 where the index has formed a top in the month of September-2017. If the index manages to close above these levels then the index can move to the levels of 10850 to 10900 where the index has formed a top in the month of July-2017 & August-2017.

Broad range for the index in the coming week is seen from 10400 to 10500 on downside & 10800 to 10900 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 1.50%.

As we have mentioned last week, that minor support for the index lies in the zone of 10480 to 10500. Support for the index lies in the zone of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10100 where Fibonacci levels are lying. During the week the index manages to hit a low of 10454 and close the week around the levels of 10475.

Support for the index lies in the zone of 10300 to 10400 where 200 daily moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10100 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 10550 to 10600 where short term moving averages and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10700 to 10750 where the index has formed a top in the month of September-2017.

Broad range for the index in the coming week is seen from 10200 to 10300 on downside & 10700 to 10800 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on positive note gaining around 0.30%.

As we have mentioned last week, that resistance for the index lies in the zone of 10700 to 10800 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 11000 to 11050 where the index has formed a top in the month of June-2017. During the week the index manages to hit a high of 10694 and close the week around the levels of 10632.

Minor support for the index lies in the zone of 10480 to 10500. Support for the index lies in the zone of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10100 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 10700 to 10800 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 11000 to 11050 where the index has formed a top in the month of June-2017.

Broad range for the index in the coming week is seen from 10300 to 10400 on downside & 10900 to 11000 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that support for the index lies in the zone of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10100 where Fibonacci levels are lying. During the week the index manages to hit a low of 10428 and close the week around the levels of 10600.

Minor support for the index lies in the zone of 10480 to 10500. Support for the index lies in the zone of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10100 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 10700 to 10800 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 11000 to 11050 where the index has formed a top in the month of June-2017.

Broad range for the index in the coming week is seen from 10300 to 10400 on downside & 10900 to 11000 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT 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 10500 to 10600 where trend-line support and Fibonacci levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 10388 and close the week around the levels of 10454.

Support for the index lies in the zone of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10100 where Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 10500 to 10550. Resistance for the index lies in the zone of 10700 to 10800 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 11000 to 11050 where the index has formed a top in the month of June-2017.

Broad range for the index in the coming week is seen from 10000 to 10100 on downside & 10800 to 10900 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 0.10%.

As we have mentioned last week, that support for the index lies in the zone of 10500 to 10600 where trend-line support and Fibonacci levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 10453 and close the week around the levels of 10514.

Support for the index lies in the zone of 10500 to 10600 where trend-line support and Fibonacci levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 10700 to 10800. Resistance for the index lies in the zone of 11000 to 11050 where the index has formed a top in the month of June-2017. If the index manages to close above these levels then the index can move to the levels of 11200 to 11300 where the index has formed a top in the month of August-2016.

Broad range for the index in the coming week is seen from 10200 to 10300 on downside & 10800 to 10900 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT 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 10500 to 10600 where trend-line support and Fibonacci levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 10401 and close the week around the levels of 10504.

Support for the index lies in the zone of 10500 to 10600 where trend-line support and Fibonacci levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 10700 to 10800. Resistance for the index lies in the zone of 11000 to 11050 where the index has formed a top in the month of June-2017. If the index manages to close above these levels then the index can move to the levels of 11200 to 11300 where the index has formed a top in the month of August-2016.

Broad range for the index in the coming week is seen from 10200 to 10300 on downside & 10800 to 10900 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 0.70%.

As we have mentioned last week, that support for the index lies in the zone of 10500 to 10600 where trend-line support and Fibonacci levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 10475 and close the week around the levels of 10570.

Support for the index lies in the zone of 10500 to 10600 where trend-line support and Fibonacci levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 10700 to 10800. Resistance for the index lies in the zone of 11000 to 11050 where the index has formed a top in the month of June-2017. If the index manages to close above these levels then the index can move to the levels of 11200 to 11300 where the index has formed a top in the month of August-2016.

Broad range for the index in the coming week is seen from 10200 to 10300 on downside & 10800 to 10900 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that minor resistance for the index lies in the zone of 10700 to 10900. Resistance for the index lies in the zone of 11000 to 11050 where the index has formed a top in the month of June-2017. If the index manages to close above these levels then the index can move to the levels of 11200 to 11300 where the index has formed a top in the month of August-2016. During the week the index manages to hit a high of 10758 and close the week around the levels of 10647.

Support for the index lies in the zone of 10500 to 10600 where trend-line support and Fibonacci levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 10700 to 10800. Resistance for the index lies in the zone of 11000 to 11050 where the index has formed a top in the month of June-2017. If the index manages to close above these levels then the index can move to the levels of 11200 to 11300 where the index has formed a top in the month of August-2016.

Broad range for the index in the coming week is seen from 10300 to 10400 on downside & 10900 to 11000 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT 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 10500 to 10600 where trend-line support and Fibonacci levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 10638 and close the week around the levels of 10758.

Support for the index lies in the zone of 10500 to 10600 where trend-line support and Fibonacci levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 10700 to 10900. Resistance for the index lies in the zone of 11000 to 11050 where the index has formed a top in the month of June-2017. If the index manages to close above these levels then the index can move to the levels of 11200 to 11300 where the index has formed a top in the month of August-2016.

Broad range for the index in the coming week is seen from 10400 to 10500 on downside & 11000 to 11100 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on absolutely flat note.

As we have mentioned last week, that support for the index lies in the zone of 10500 to 10600 where trend-line support and Fibonacci levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 10511 and close the week around the levels of 10699.

Support for the index lies in the zone of 10500 to 10600 where trend-line support and Fibonacci levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 10750 to 10800. Resistance for the index lies in the zone of 11000 to 11050 where the index has formed a top in the month of June-2017. If the index manages to close above these levels then the index can move to the levels of 11200 to 11300 where the index has formed a top in the month of August-2016.

Broad range for the index in the coming week is seen from 10400 to 10500 on downside & 11000 to 11100 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT 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 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10500 to 10600 where trend-line resistance and Fibonacci levels for the index is lying. During the week the index manages to hit a high of 10726 and close the week around the levels of 10711.

Support for the index lies in the zone of 10500 to 10600 where trend-line support and Fibonacci levels for the index is lying.. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 10750 to 10800. Resistance for the index lies in the zone of 11000 to 11050 where the index has formed a top in the month of June-2017. If the index manages to close above these levels then the index can move to the levels of 11200 to 11300 where the index has formed a top in the month of August-2016.

Broad range for the index in the coming week is seen from 10400 to 10500 on downside & 11000 to 11100 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10500 to 10600 where trend-line resistance and Fibonacci levels for the index is lying. During the week the index manages to hit a high of 10612 and close the week around the levels of 10331.

Support for the index lies in the zone of 10220 to 10270. Support for the index lies in the zone of 10000 to 10100 where Fibonacci levels and trend-line support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9850 to 9900 where the index has formed a bottom in the month of April-2017.

Resistance for the index lies in the zone of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10500 to 10600 where trend-line resistance and Fibonacci levels for the index is lying.

Broad range for the index in the coming week is seen from 9900 to 10000 on downside & 10600 to 10700 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 0.70%.

As we have mentioned last week that support for the index lies in the zone of 10000 to 10100 where Fibonacci levels and trend-line support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9850 to 9900 where the index has formed a bottom in the month of April-2017. During the week the index manages to hit a low of 10074 and close the week around the levels of 10088.

Support for the index lies in the zone of 10000 to 10100 where Fibonacci levels and trend-line support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9850 to 9900 where the index has formed a bottom in the month of April-2017.

Resistance for the index lies in the zone of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10500 to 10600 where trend-line resistance and Fibonacci levels for the index is lying.

Broad range for the index in the coming week is seen from 9750 to 9800 on downside & 10200 to 10300 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on absolutely flat note.

As we have mentioned last week that support for the index lies in the zone of 10000 to 10100 where Fibonacci levels and trend-line support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9850 to 9900 where the index has formed a bottom in the month of April-2017. During the week the index manages to hit a low of 10045 and close the week around the levels of 10155.

Support for the index lies in the zone of 10000 to 10100 where Fibonacci levels and trend-line support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9850 to 9900 where the index has formed a bottom in the month of April-2017.

Resistance for the index lies in the zone of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10500 to 10600 where trend-line resistance and Fibonacci levels for the index is lying.

Broad range for the index in the coming week is seen from 9850 to 9900 on downside & 10500 to 10600 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT 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 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10500 to 10600 where trend-line resistance and Fibonacci levels for the index is lying. During the week the index manages to hit a high of 10355 and close the week around the levels of 10171.

Support for the index lies in the zone of 10000 to 10100 where Fibonacci levels and trend-line support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9850 to 9900 where the index has formed a bottom in the month of April-2017.

Resistance for the index lies in the zone of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10500 to 10600 where trend-line resistance and Fibonacci levels for the index is lying.

Broad range for the index in the coming week is seen from 9850 to 9900 on downside & 10500 to 10600 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 2.40%.

As we have mentioned last week that support for the index lies in the zone of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10100 where Fibonacci levels and trend-line support for the index is lying. During the week the index manages to hit a low of 10161 and close the week around the levels of 10189.

Support for the index lies in the zone of 10000 to 10100 where Fibonacci levels and trend-line support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9850 to 9900 where the index has formed a bottom in the month of April-2017.

Resistance for the index lies in the zone of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10500 to 10600 where trend-line resistance and Fibonacci levels for the index is lying.

Broad range for the index in the coming week is seen from 9850 to 9900 on downside & 10500 to 10600 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 1.60%.

As we have mentioned last week that minor resistance for the index lies in the zone of 10700 to 10750. Resistance for the index lies in the zone of 10900 to 11000 where highs for the month of March-2017 and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11300 to 11400 from where the index sold off in the month of August-2016. During the week the index manages to hit a high of 11016 and close the week around the levels of 10443.

Support for the index lies in the zone of 10300 to 10400 where short & long term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10100 where Fibonacci levels and trend-line support for the index is lying.

Resistance for the index lies in the zone of 10500 to 10600 where trend-line resistance and Fibonacci levels for the index is lying. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 where highs for the month of March-2017 and Fibonacci levels are lying.

Broad range for the index in the coming week is seen from 10000 to 10100 on downside & 10700 to 10800 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 1.20%.

As we have mentioned last week that support for the index lies in the zone of 10550 to 10600 where trend-line support and Fibonacci levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where short & long term moving averages are lying. During the week the index manages to hit a low of 10467 and close the week around the levels of 10609.

Support for the index lies in the zone of 10500 to 10600 where trend-line support and Fibonacci levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where short & long term moving averages are lying.

Minor resistance for the index lies in the zone of 10700 to 10750. Resistance for the index lies in the zone of 10900 to 11000 where highs for the month of March-2017 and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11300 to 11400 from where the index sold off in the month of August-2016.

Broad range for the index in the coming week is seen from 10300 to 10400 on downside & 10900 to 11000 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week that resistance for the index lies in the zone of 10550 to 10600 where trend-line resistance and Fibonacci levels for the index is lying. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 where highs for the month of March-2017 and Fibonacci levels are lying. During the week the index manages to hit a high of 10792 and close the week around the levels of 10735.

Support for the index lies in the zone of 10550 to 10600 where trend-line support and Fibonacci levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where short & long term moving averages are lying.

Resistance for the index lies in the zone of 10900 to 11000 where highs for the month of March-2017 and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11300 to 11400 from where the index sold off in the month of August-2016.

Broad range for the index in the coming week is seen from 10400 to 10500 on downside & 10900 to 11000 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week that resistance for the index lies in the zone of 10350 to 10400 where medium term moving averages & 200 Daily moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10550 to 10600 where trend-line resistance for the index is lying. During the week the index manages to hit a high of 10706 and close the week around the levels of 10456.

Support for the index lies in the zone of 10300 to 10350. Support for the index lies in the zone of 10150 to 10200 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9950 to 10000 where trend-line support for the index is lying.

Resistance for the index lies in the zone of 10550 to 10600 where trend-line resistance and Fibonacci levels for the index is lying. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 where highs for the month of March-2017 and Fibonacci levels are lying.

Broad range for the index in the coming week is seen from 10100 to 10200 on downside & 10600 to 10650 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on positive note gaining around 2.80%.

As we have mentioned last week that resistance for the index lies in the zone of 10200 to 10300 where Fibonacci level is lying. If the index manages to close above these levels then the index can move to the levels of 10450 to 10500 where medium term moving averages and Fibonacci level is lying. During the week the index manages to hit a high of 10373 and close the week around the levels of 10368.

Minor support for the index lies in the zone of 10250 to 10300. Support for the index lies in the zone of 10150 to 10200 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9950 to 10000 where trend-line support for the index is lying.

Resistance for the index lies in the zone of 10350 to 10400 where medium term moving averages & 200 Daily moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10550 to 10600 where trend-line resistance for the index is lying.

Broad range for the index in the coming week is seen from 10000 to 10100 on downside & 10500 to 10550 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 10050 to 10100. Resistance for the index lies in the zone of 10200 to 10300 where Fibonacci level is lying. If the index manages to close above these levels then the index can move to the levels of 10450 to 10530 where 200 Daily moving average and Fibonacci level is lying. During the week the index manages to hit a high of 10170 and close the week around the levels of 10086.

Minor support for the index lies in the zone of 10000. Support for the index lies in the zone of 9890 to 9930 where trend-line joining lows of 9295 and 9592 is lying and long term Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 9580 to 9620 levels where the index has formed a low in the month of February-2017.

Resistance for the index lies in the zone of 10200 to 10300 where Fibonacci level is lying. If the index manages to close above these levels then the index can move to the levels of 10450 to 10500 where medium term moving averages and Fibonacci level is lying.

Broad range for the index in the coming week is seen from 9900 to 9930 on downside & 10300 to 10350 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 0.60%.

As we have mentioned last week that minor resistance for the index lies in the zone of 10080 to 10130. Resistance for the index lies in the zone of 10200 to 10300 where Fibonacci level is lying. If the index manages to close above these levels then the index can move to the levels of 10450 to 10530 where 200 Daily moving average and Fibonacci level is lying. During the week the index manages to hit a high of 10163 and close the week around the levels of 9944.

Support for the index lies in the zone of 9890 to 9930 where trend-line joining lows of 9295 and 9592 is lying and long term Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 9580 to 9620 levels where the index has formed a low in the month of February-2017.

Minor resistance for the index lies in the zone of 10050 to 10100. Resistance for the index lies in the zone of 10200 to 10300 where Fibonacci level is lying. If the index manages to close above these levels then the index can move to the levels of 10450 to 10530 where 200 Daily moving average and Fibonacci level is lying.

Broad range for the index in the coming week is seen from 9800 to 9830 on downside & 10200 to 10250 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT 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 9890 to 9930 where trend-line joining lows of 9295 and 9592 is lying and long term Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 9580 to 9620 levels where the index has formed a low in the month of February-2017. During the week the index manages to hit a low of 9902 and close the week around the levels of 10008.

Support for the index lies in the zone of 9890 to 9930 where trend-line joining lows of 9295 and 9592 is lying and long term Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 9580 to 9620 levels where the index has formed a low in the month of February-2017.

Minor resistance for the index lies in the zone of 10080 to 10130. Resistance for the index lies in the zone of 10200 to 10300 where Fibonacci level is lying. If the index manages to close above these levels then the index can move to the levels of 10450 to 10530 where 200 Daily moving average and Fibonacci level is lying.

Broad range for the index in the coming week is seen from 9800 to 9850 on downside & 10300 to 10350 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 10550 to 10600. Resistance for the index lies in the zone of 10680 to 10720 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 10900 to 11000 where long term Fibonacci levels and top for the month of March-2017 are lying. During the week the index manages to hit a high of 10543 and close the week around the levels of 10064.

Support for the index lies in the zone of 9890 to 9930 where trend-line joining lows of 9295 and 9592 is lying and long term Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 9580 to 9620 levels where the index has formed a low in the month of February-2017.

Resistance for the index lies in the zone of 10200 to 10300 where Fibonacci level is lying. If the index manages to close above these levels then the index can move to the levels of 10500 to 10550 where 200 Daily moving average and Fibonacci level is lying.

Broad range for the index in the coming week is seen from 9800 to 9850 on downside & 10300 to 10350 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT index closed the week on negative note losing around 2.00%.

As we have mentioned last week that support for the index lies in the zone of 10650 to 10680 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 10470 to 10520 from where the index has broken out from the double top pattern, Fibonacci level and 200 Daily SMA is lying. During the week the index manages to hit a low of 10471 and close the week around the levels of 10486.

Support for the index lies in the zone of 10470 to 10520 from where the index has broken out from the double top pattern, Fibonacci level and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10350 where Fibonacci level is lying.

Minor resistance for the index lies in the zone of 10550 to 10600. Resistance for the index lies in the zone of 10680 to 10720 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 10900 to 11000 where long term Fibonacci levels and top for the month of March-2017 are lying.

Broad range for the index in the coming week is seen from 10300 to 10350 on downside & 10700 to 10750 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT 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 10650 to 10680 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 10500 to 10550 from where the index has broken out from the double top pattern, Fibonacci level and 200 Daily SMA is lying. During the week the index manages to hit a low of 10631 and close the week around the levels of 10703.

Support for the index lies in the zone of 10650 to 10680 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 10470 to 10520 from where the index has broken out from the double top pattern, Fibonacci level and 200 Daily SMA is lying.

Minor resistance for the index lies in the zone of 10800 to 10900. Resistance for the index lies in the zone of 11000 to 11050 where long term Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11300 from where the index broke down in the month of August-2016.

Broad range for the index in the coming week is seen from 10400 to 10450 on downside & 11000 to 11050 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT index ended the week on negative note losing around 1.20%.

As we have mentioned last week that minor support for the index lies in the zone of 10750 to 10800. Support for the index lies in the zone of 10600 to 10650 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 10500 to 10550 from where the index has broken out from the double top pattern and 200 Daily SMA is lying. During the week the index manages to hit a low of 10711 and close the week around the levels of 10769.

Support for the index lies in the zone of 10650 to 10680 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 10500 to 10550 from where the index has broken out from the double top pattern, Fibonacci level and 200 Daily SMA is lying.

Minor resistance for the index lies in the zone of 10800 to 10900. Resistance for the index lies in the zone of 11000 to 11050 where long term Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11300 from where the index broke down in the month of August-2016.

Broad range for the index in the coming week is seen from 10500 to 10550 on downside & 11000 to 11050 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT index ended 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 10650 to 10680. Support for the index lies in the zone of 10500 to 10550 from where the index has broken out from the double top pattern and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10350 where Fibonacci levels and short term moving averages are lying. During the week the index manages to hit a low of 10678 and close the week around the levels of 10900.

Minor support for the index lies in the zone of 10750 to 10800. Support for the index lies in the zone of 10600 to 10650 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 10500 to 10550 from where the index has broken out from the double top pattern and 200 Daily SMA is lying.

Resistance for the index lies in the zone of 11000 to 11050 where long term Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11300 from where the index broke down in the month of August-2016.

Broad range for the index in the coming week is seen from 10600 to 10650 on downside & 11250 to 11300 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT index ended the week on negative note losing around 0.50%.

As we have mentioned last week that resistance for the index lies in the zone of 10800 to 10850 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 11000 where long term Fibonacci levels are lying. During the week the index manages to hit a high of 10822 and close the week around the levels of 10750.

Minor support for the index lies in the zone of 10650 to 10680. Support for the index lies in the zone of 10500 to 10550 from where the index has broken out from the double top pattern and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10350 where Fibonacci levels and short term moving averages are lying.

Resistance for the index lies in the zone of 10800 to 10850 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 11000 where long term Fibonacci levels are lying.

Broad range for the index in the coming week is seen from 10500 to 10550 on downside & 10950 to 11000 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT index ended the week on positive note gaining around 1.00%.

As we have mentioned last week that resistance for the index lies in the zone of 10800 to 10850 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 11000 where long term Fibonacci levels are lying. During the week the index manages to hit a high of 10819 and close the week around the levels of 10806.

Minor support for the index lies in the zone of 10700 to 10750. Support for the index lies in the zone of 10500 to 10600 from where the index has broken out from the double top pattern and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10350 where Fibonacci levels and short term moving averages are lying.

Resistance for the index lies in the zone of 10800 to 10850 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 11000 where long term Fibonacci levels are lying.

Broad range for the index in the coming week is seen from 10600 to 10650 on downside and 10950 to 11000 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT index ended 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 10500 to 10600 from where the index has broken down from the double bottom pattern and 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where trend-line joining earlier highs is lying. During the week the index manages to hit a high of 10802 and close the week around the levels of 10690.

Support for the index lies in the zone of 10500 to 10600 from where the index has broken out from the double top pattern and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10350 where Fibonacci levels and short term moving averages are lying.

Resistance for the index lies in the zone of 10800 to 10850 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 11000 where long term Fibonacci levels are lying.

Broad range for the index in the coming week is seen from 10300 to 10350 on downside and 10950 to 11000 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT index ended the week on positive note gaining around 1.30%.

As we have mentioned last week that minor support for the index lies in the zone of 10250 to 10300. Support for the index lies in the zone of 9900 to 10000 where Fibonacci level are lying. If the index manages to close below these levels then the index can drift to the levels of 9700 to 9750 where the index has formed a bottom in the month of December-2016. During the week the index manages to hit a low of 10319 and close the week around the levels of 10527.

Minor support for the index lies in the zone of 10250 to 10300. Support for the index lies in the zone of 9900 to 10000 where Fibonacci level are lying. If the index manages to close below these levels then the index can drift to the levels of 9700 to 9750 where the index has formed a bottom in the month of December-2016.

Resistance for the index lies in the zone of 10500 to 10600 from where the index has broken down from the double bottom pattern and 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where trend-line joining earlier highs is lying.

Broad range for the index in the coming week is seen from 10250 to 10300 on downside to 10750 to 10800 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT index ended the week on positive note gaining around 3.60%.

As we have mentioned last week that support for the index lies in the zone of 9900 to 10000 where Fibonacci level are lying. If the index manages to close below these levels then the index can drift to the levels of 9700 to 9750 where the index has formed a bottom in the month of December-2016. During the week the index manages to hit a low of 9955 and close the week around the levels of 10388.

Minor support for the index lies in the zone of 10250 to 10300. Support for the index lies in the zone of 9900 to 10000 where Fibonacci level are lying. If the index manages to close below these levels then the index can drift to the levels of 9700 to 9750 where the index has formed a bottom in the month of December-2016.

Resistance for the index lies in the zone of 10500 to 10600 from where the index has broken down from the double bottom pattern and 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where trend-line joining earlier highs is lying.

Broad range for the index in the coming week is seen from 10050 to 10150 on downside to 10550 to 10600 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT index ended the week on negative note losing around 1.50%.

As we have mentioned last week that support for the index lies in the zone of 10000 to 10100 where short term moving averages are lying and Fibonacci level are lying. If the index manages to close below these levels then the index can drift to the levels of 9700 to 9750 where the index has formed a bottom in the month of December-2016. During the week the index manages to hit a low of 9592 and close the week around the levels of 10026.

Support for the index lies in the zone of 9900 to 10000 where Fibonacci level are lying. If the index manages to close below these levels then the index can drift to the levels of 9700 to 9750 where the index has formed a bottom in the month of December-2016.

Minor resistance for the index lies in the zone of 10100 to 10200. Resistance for the index lies in the zone of 10500 to 10600 from where the index has broken down from the double bottom pattern and 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where trend-line joining earlier highs is lying.

Broad range for the index in the coming week is seen from 9800 to 9850 on downside to 10300 to 10350 on upside.

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

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

NIFTY IT:

 

NIFTYIT

 

Nifty IT index ended 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 10000 to 10100 where short term moving averages are lying and Fibonacci level are lying. If the index manages to close below these levels then the index can drift to the levels of 9700 to 9750 where the index has formed a bottom in the month of December-2016. During the week the index manages to hit a low of 10029 and close the week around the levels of 10182.

Support for the index lies in the zone of 10000 to 10100 where short term moving averages are lying and Fibonacci level are lying. If the index manages to close below these levels then the index can drift to the levels of 9700 to 9750 where the index has formed a bottom in the month of December-2016.

Minor resistance for the index lies in the zone of 10200 to 10300. Resistance for the index lies in the zone of 10500 to 10600 from where the index has broken down from the double bottom pattern. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where 200 Daily SMA is lying.

Broad range for the index in the coming week is seen from 9800 to 9850 on downside to 10300 to 10350 on upside.

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

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

NIFTY IT:

 

it

 

Nifty IT index ended 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 10200 to 10300. Resistance for the index lies in the zone of 10500 to 10600 from where the index has broken down from the double bottom pattern. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where 200 Daily SMA is lying. During the week the index manages to hit a high of 10275 and close the week around the levels of 10133.

Support for the index lies in the zone of 10000 to 10100 where short term moving averages are lying and Fibonacci ratios are lying. If the index manages to close below these levels then the index can drift to the levels of 9700 to 9750 where the index has formed a bottom in the month of December-2016.

Minor resistance for the index lies in the zone of 10200 to 10300. Resistance for the index lies in the zone of 10500 to 10600 from where the index has broken down from the double bottom pattern. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where 200 Daily SMA is lying.

Broad range for the index in the coming week is seen from 9800 to 9850 on downside to 10300 to 10350 on upside.

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

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

NIFTY IT:

 

it

 

Nifty IT index ended the week on positive note gaining around 1.50%.

As we have mentioned last week that support for the index lies in the zone of 10000 to 10100 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 9700 to 9750 where the index has formed a bottom in the month of December-2016. During the week the index manages to hit a low of 10024 and close the week around the levels of 10263.

Support for the index lies in the zone of 10000 to 10100 where short term moving averages are lying and Fibonacci ratios are lying. If the index manages to close below these levels then the index can drift to the levels of 9700 to 9750 where the index has formed a bottom in the month of December-2016.

Minor resistance for the index lies in the zone of 10200 to 10300. Resistance for the index lies in the zone of 10500 to 10600 from where the index has broken down from the double bottom pattern. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where 200 Daily SMA is lying.

Broad range for the index in the coming week is seen from 10000 to 10050 on downside to 10500 to 10550 on upside.

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

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

NIFTY IT:

 

it

 

Nifty IT index ended the week on negative note losing around 2.80%.

As we have mentioned last week that resistance for the index lies in the zone of 10500 to 10600 from where the index has broken down from the double bottom pattern. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where 200 Daily SMA is lying. During the week the index manages to hit a high of 10590 and close the week around the levels of 10110.

Support for the index lies in the zone of 10000 to 10100 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 9700 to 9750 where the index has formed a bottom in the month of December-2016.

Minor resistance for the index lies in the zone of 10200 to 10300. Resistance for the index lies in the zone of 10500 to 10600 from where the index has broken down from the double bottom pattern. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where 200 Daily SMA is lying.

Weekly report on Nifty IT published on 11/11/2016, it was mentioned that if the index manages to hold the levels of 9400 and if value buying emerges, the index can bounce to the levels of 10500 and in this week the index retraced from the levels of 10590.

Broad range for the index in the coming week is seen from 9750 to 9800 on downside to 10300 to 10400 on upside.

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

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

NIFTY IT:

 

it

 

Nifty IT index ended the week on positive note gaining around 3.30%.

As we have mentioned last week that minor support for the index lies in the zone of 10000 to 10050 from where the index has broken out on intraday basis. Support for the index lies in the zone of 9700 to 9800 from where the index broke out of consolidation. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9400 where trend-line joining the lows of April-2015, July-2015 and February-2016 is lying. During the week the index manages to hit a low of 9980 and close the week around the levels of 10399.

Minor support for the index lies in the zone of 10200 to 10250. Support for the index lies in the zone of 10000 to 10100 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 9700 to 9750 where the index has formed a bottom in the month of December-2016.

Resistance for the index lies in the zone of 10500 to 10600 from where the index has broken down from the double bottom pattern. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where 200 Daily SMA is lying.

Broad range for the index in the coming week is seen from 10000 to 10050 on downside to 10600 to 10700 on upside.

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

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

NIFTY IT:

 

it

 

Nifty IT index ended the week on negative note losing around 1.50%.

As we have mentioned last week that minor support for the index lies in the zone of 10000 to 10050 from where the index has broken out on intraday basis. Support for the index lies in the zone of 9700 to 9800 from where the index broke out of consolidation. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9400 where trend-line joining the lows of April-2015, July-2015 and February-2016 is lying. During the week the index manages to hit a low of 10049 and close the week around the levels of 10071.

Minor support for the index lies in the zone of 10000 to 10050 from where the index has broken out on intraday basis. Support for the index lies in the zone of 9700 to 9800 from where the index broke out of consolidation. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9400 where trend-line joining the lows of April-2015, July-2015 and February-2016 is lying.

The index has closed around the resistance zone of 10100 to 10200 from where the index has broken down from the February – 2016 lows. If the index manages to close above these levels then the index can move to the levels of around 10500 to 10600 from where the index has broken down from the double bottom pattern.

Broad range for the index in the coming week is seen from 9800 to 9850 on downside to 10250 to 10300 on upside.

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

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

NIFTY IT:

 

it

 

Nifty IT index ended the week on positive note gaining around 1.60%.

As we have mentioned last week that resistance for the index lies in the zone of 10000 to 10200 from where the index has broken down from the February – 2016 lows. If the index manages to close above these levels then the index can move to the levels of around 10500 to 10600 from where the index has broken down from the double bottom pattern. During the week the index manages to hit a high of 10300 and close the week around the levels of 10219.

Minor support for the index lies in the zone of 10000 to 10050 from where the index has broken out on intraday basis. Support for the index lies in the zone of 9700 to 9800 from where the index broke out of consolidation. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9400 where trend-line joining the lows of April-2015, July-2015 and February-2016 is lying.

The index has closed around the resistance zone of 10100 to 10200 from where the index has broken down from the February – 2016 lows. If the index manages to close above these levels then the index can move to the levels of around 10500 to 10600 from where the index has broken down from the double bottom pattern.

Broad range for the index in the coming week is seen from 9900 to 9950 on downside to 10450 to 10500 on upside.

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

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

NIFTY IT:

 

it

 

Nifty IT index ended the week on positive note gaining around 0.80%.

As we have mentioned last week that support for the index lies in the zone of 9700 to 9800 from where the index broke out of consolidation. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9400 where trend-line joining the lows of April-2015, July-2015 and February-2016 is lying. During the week the index manages to hit a low of 9764 and close the week around the levels of 9997.

Support for the index lies in the zone of 9700 to 9800 from where the index broke out of consolidation. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9400 where trend-line joining the lows of April-2015, July-2015 and February-2016 is lying.

Resistance for the index lies in the zone of 10000 to 10200 from where the index has broken down from the February – 2016 lows. If the index manages to close above these levels then the index can move to the levels of around 10500 to 10600 from where the index has broken down from the double bottom pattern.

Broad range for the index in the coming week is seen from 9600 to 9700 on downside to 10300 to 10400 on upside.

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

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

NIFTY IT:

 

cnxit

 

Nifty IT index ended the week on negative note losing around 1.90%.

As we have mentioned last week that resistance for the index lies in the zone of 10000 to 10200 from where the index has broken down from the February – 2016 lows. If the index manages to close above these levels then the index can move to the levels of around 10500 to 10600 from where the index has broken down from the double bottom pattern. During the week the index manages to hit a high of 10172 and close the week around the levels of 9923.

Support for the index lies in the zone of 9700 to 9800 from where the index broke out of consolidation. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9400 where trend-line joining the lows of April-2015, July-2015 and February-2016 is lying.

Resistance for the index lies in the zone of 10000 to 10200 from where the index has broken down from the February – 2016 lows. If the index manages to close above these levels then the index can move to the levels of around 10500 to 10600 from where the index has broken down from the double bottom pattern.

Broad range for the index in the coming week is seen from 9600 to 9700 on downside to 10300 to 10400 on upside.

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

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

NIFTY IT:

 

it

 

Nifty IT index ended the week on positive note gaining around 6.70%.

As we have mentioned last week that support for the index lies in the zone of 9300 to 9400 where trend-line joining the lows of April-2015, July-2015 and February-2016 is lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8700 from where the index has bounced in the month of May-2014. If the index manages to hold on to the trend-line support and if value buying emerges in the sector then the index can also bounce to the levels of around 10500. During the week the index manages to hit a low of 9430 and close the week around the levels of 10115.

Support for the index lies in the zone of 9700 to 9800 from where the index broke out of consolidation. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9400 where trend-line joining the lows of April-2015, July-2015 and February-2016 is lying.

Resistance for the index lies in the zone of 10000 to 10200 from where the index has broken down from the February – 2016 lows. If the index manages to close above these levels then the index can move to the levels of around 10500 to 10600 from where the index has broken down from the double bottom pattern.

Broad range for the index in the coming week is seen from 9700 to 9800 on downside to 10300 to 10400 on upside.

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

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

NIFTY IT:

 

it

 

Nifty IT index ended 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 9300 to 9400 where trend-line joining the lows of April-2015, July-2015 and February-2016 is lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8700 from where the index has bounced in the month of May-2014. During the week the index manages to hit a low of 9295 and close the week around the levels of 9476.

Support for the index lies in the zone of 9300 to 9400 where trend-line joining the lows of April-2015, July-2015 and February-2016 is lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8700 from where the index has bounced in the month of May-2014.

Minor resistance for the index lies in the zone of 9700 to 9800. Resistance for the index lies in the zone of 10000 to 10200 from where the index has broken down from the February – 2016 lows. If the index manages to close above these levels then the index can move to the levels of around 10500 to 10600 from where the index has broken down from the double bottom pattern.

If the index manages to hold on to the trend-line support and if value buying emerges in the sector then the index can also bounce to the levels of around 10500.

Broad range for the index in the coming week is seen from 9100 to 9200 on downside to 9800 to 9900 on upside.

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

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

NIFTY IT:

 

it

 

Nifty IT index ended the week on negative note losing around 4.90%.

As we have mentioned last week that resistance for the index lies in the zone of 10000 to 10200 from where the index has broken down from the February – 2016 lows. If the index manages to close above these levels then the index can move to the levels of around 10500 to 10600 from where the index has broken down from the double bottom pattern. During the week the index manages to hit high of 10045 and close the week around the levels of 9434.

Support for the index lies in the zone of 9300 to 9400 where trend-line joining the lows of April-2015, July-2015 and February-2016 is lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8700 from where the index has bounced in the month of May-2014.

Minor resistance for the index lies in the zone of 9700 to 9800. Resistance for the index lies in the zone of 10000 to 10200 from where the index has broken down from the February – 2016 lows. If the index manages to close above these levels then the index can move to the levels of around 10500 to 10600 from where the index has broken down from the double bottom pattern.

If the index manages to hold on to the trend-line support and if value buying emerges in the sector then the index can also bounce to the levels of around 10500.

Broad range for the index in the coming week is seen from 9000 to 9100 on downside to 9700 to 9800 on upside.

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

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

NIFTY IT:

 

it

 

Nifty IT index ended the week on negative note losing around 1.60%.

As we have mentioned last week that minor resistance for the index lies in the zone of 10200 to 10300. Resistance for the index lies around 10500 to 10600 from where the index has broken down from the double bottom pattern and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 where long term moving averages are lying. During the week the index manages to hit a high of 10109 and close the week around the levels of 9924.

The index has closed below the major support zone of 10000 to 10100 from where the index has bounced in the month of February – 2016. The index has seen a major breakdown and no support is visible. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9600.

Resistance for the index lies in the zone of 10000 to 10200 from where the index has broken down from the February – 2016 lows. If the index manages to close above these levels then the index can move to the levels of around 10500 to 10600 from where the index has broken down from the double bottom pattern.

Broad range for the index in the coming week is seen from 9700 to 9750 on downside to 10200 to 10300 on upside.

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

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

NIFTY IT:

 

cnxit

 

Nifty IT index ended the week on negative note losing around 4.00%.

As we have mentioned last week that minor support for the index lies in the zone of 10280 to 10320. Support for the index lies in the zone of 10000 to 10100 from where the index has bounced in the month of February – 2016. The index has seen a major breakdown and no support is visible. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9600. During the week the index manages to hit a low of 10027 and close the week around the levels of 10048.

Support for the index lies in the zone of 10000 to 10100 from where the index has bounced in the month of February – 2016. The index has seen a major breakdown and no support is visible. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9600.

Minor resistance for the index lies in the zone of 10200 to 10300. Resistance for the index lies around 10500 to 10600 from where the index has broken down from the double bottom pattern and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 where long term moving averages are lying.

Broad range for the index in the coming week is seen from 9700 to 9750 on downside to 10300 to 10400 on upside.

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

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

NIFTY IT:

 

cnxit

 

Nifty IT index ended the week on positive note gaining around 2.40%.

As we have mentioned last week that resistance for the index lies around 10500 to 10600 from where the index has broken down from the double bottom pattern. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 where long term moving averages are lying. During the week the index manages to hit a high of 10483 and close the week around the levels of 10477.

Minor support for the index lies in the zone of 10280 to 10320. Support for the index lies in the zone of 10000 to 10100 from where the index has bounced in the month of February – 2016. The index has seen a major breakdown and no support is visible. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9600.

Resistance for the index lies around 10500 to 10600 from where the index has broken down from the double bottom pattern and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 where long term moving averages are lying.

Broad range for the index in the coming week is seen from 10000 to 10100 on downside to 10600 to 10700 on upside.

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

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

NIFTY IT:

 

it

 

Nifty IT index ended 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 10000 to 10100 from where the index has bounced in the month of February – 2016. The index has seen a major breakdown and no support is visible. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9600. During the week the index manages to hit a low of 10116 and close the week around the levels of 10229.

Support for the index lies in the zone of 10000 to 10100 from where the index has bounced in the month of February – 2016. The index has seen a major breakdown and no support is visible. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9600.

Resistance for the index lies around 10500 to 10600 from where the index has broken down from the double bottom pattern. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 where long term moving averages are lying.

Broad range for the index in the coming week is seen from 9500 to 9600 on downside to 10500 to 10600 on upside.

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

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

NIFTY IT:

 

cnxit

 

Nifty IT index ended 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 10000 to 10100 from where the index has bounced in the month of February – 2016. The index has seen a major breakdown and no support is visible. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9600. During the week the index manages to hit a low of 10146 and close the week around the levels of 10184.

Support for the index lies in the zone of 10000 to 10100 from where the index has bounced in the month of February – 2016. The index has seen a major breakdown and no support is visible. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9600.

Resistance for the index lies around 10500 to 10600 from where the index has broken down from the double bottom pattern. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 where long term moving averages are lying.

IT giants Infy & TCS are announcing there quarterly results coming week so the index can be volatile and can swing on either side.

Broad range for the index in the coming week is seen from 9500 to 9600 on downside to 10500 to 10600 on upside.

 

 

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

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

NIFTY IT:

 

cnxit

 

Nifty IT index ended the week on negative note losing around 1.00%.

As we have mentioned last week that minor support for the index lies in the zone of 10250 to 10300. Support for the index lies in the zone of 10000 to 10100 from where the index has bounced in the month of February – 2016. The index has seen a major breakdown and no support is visible. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9600. During the week the index manages to hit a low of 10228 and close the week around the levels of 10292.

Support for the index lies in the zone of 10000 to 10100 from where the index has bounced in the month of February – 2016. The index has seen a major breakdown and no support is visible. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9600.

Resistance for the index lies in the zone of 10500 to 10600 from where the index has broken down from the double bottom pattern. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 where long term moving averages are lying.

Broad range for the index in the coming week is seen from 10000 to 10100 on downside to 10600 to 10700 on upside.

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

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

NIFTY IT:

 

it

 

Nifty IT index ended the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 10500 to 10600 from where the index has broken down from the short term bottom. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 where short term and long term moving averages are lying. During the week the index manages to hit a high of 10531 and close the week around the levels of 10391.

Minor support for the index lies in the zone of 10250 to 10300. Support for the index lies in the zone of 10000 to 10100 from where the index has bounced in the month of February – 2016. The index has seen a major breakdown and no support is visible. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9600.

Resistance for the index lies in the zone of 10500 to 10600 from where the index has broken down from the double bottom pattern. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 where long term moving averages are lying.

Broad range for the index in the coming week is seen from 10000 to 10100 on downside to 10600 to 10700 on upside.

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

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

NIFTY IT:

 

cnxit

 

Nifty IT index ended the week on positive note gaining around 1.00%.

As we have mentioned last week that the index has closed around the support zone of 10000 to 10100 from where the index has bounced in the month of February – 2016. The index has seen a major breakdown and no support is visible. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9600. During the week the index manages to hit a low of 10182 and close the week around the levels of 10399.

The index has closed around the support zone of 10000 to 10100 from where the index has bounced in the month of February – 2016. The index has seen a major breakdown and no support is visible. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9600.

Resistance for the index lies in the zone of 10500 to 10600 from where the index has broken down from the short term bottom. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 where short term and long term moving averages are lying.

Broad range for the index in the coming week is seen from 10000 to 10100 on downside to 10600 to 10700 on upside.

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

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

NIFTY IT:

 

it

 

Nifty IT index ended the week on negative note losing around 2.20%.

As we have mentioned last week that the index has closed around the support zone of 10525 to 10575 from where the index has bounced in the month of July – 2016. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 from where the index has bounced in the month of February – 2016. During the week the index manages to hit a low of 10160 and close the week around the levels of 10291.

The index has closed around the support zone of 10000 to 10100 from where the index has bounced in the month of February – 2016. The index has seen a major breakdown and no support is visible. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9600.

Resistance for the index lies in the zone of 10500 to 10600 from where the index has broken down from the short term bottom. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 where short term and long term moving averages are lying.

Broad range for the index in the coming week is seen from 9850 to 9900 on downside to 10600 to 10700 on upside.

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

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

NIFTY IT:

 

cnxit

 

Nifty IT index ended the week on absolutely flat note.

As we have mentioned last week that the index has closed just below the support zone of 10550 to 10600 from where the index has bounced in the month of July – 2016. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 from where the index has bounced in the month of February – 2016. During the week the index manages to hit a low of 10330 and close the week around the levels of 10528.

The index has closed around the support zone of 10525 to 10575 from where the index has bounced in the month of July – 2016. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 from where the index has bounced in the month of February – 2016.

Minor resistance for the index lies in the zone of 10650 to 10700. Resistance for the index lies in the zone of 10900 to 11000 where short term and long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11300 from where the index has sold off in the month of August – 2016.

Broad range for the index in the coming week is seen from 10200 to 10300 on downside to 10700 to 10800 on upside.

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

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

NIFTY IT:

 

CNXIT

 

Nifty IT index ended the week on negative note losing around 1.90%.

As we have mentioned last week that minor resistance for the index lies in the zone of 10850 to 10900. Resistance for the index lies in the zone of 10900 to 11000 where short term and long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11300 from where the index has sold off in the month of August – 2016. During the week the index manages to hit a high of 10846 and close the week around the levels of 10523.

The index has closed just below the support zone of 10550 to 10600 from where the index has bounced in the month of July – 2016. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 from where the index has bounced in the month of February – 2016.

Minor resistance for the index lies in the zone of 10850 to 10900. Resistance for the index lies in the zone of 10900 to 11000 where short term and long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11300 from where the index has sold off in the month of August – 2016.

Broad range for the index in the coming week is seen from 10200 to 10300 on downside to 10700 to 10800 on upside.

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

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

NIFTY IT:

 

cnxit

 

Nifty IT index ended 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 11050 to 11100 where short term moving averages and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 10800 to 10900. During the week the index manages to hit a low of 10722 and close the week around the levels of 10728.

Support for the index lies in the zone of 10600 to 10700 from where the index has bounced in the month of July – 2016. If the index manages to close below these levels then the index can drift to the levels of 10200 to 10300 from where the index has bounced in the month of February – 2016.

Minor resistance for the index lies in the zone of 10850 to 10900. Resistance for the index lies in the zone of 10900 to 11000 where short term and long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11300 from where the index has sold off in the month of August – 2016.

Broad range for the index in the coming week is seen from 10500 on downside to 11000 on upside.