Tag Archives: CNX Pharma Outlook

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 9350 to 9400 where short & medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9550 to 9600 from where the index has sold off. During the week the index manages to hit a high of 9345 and close the week around the levels of 9162.

Support for the index lies in the zone of 8900 to 8950 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 8700 to 8750 where the index has taken multiple support in the month of September-2017.

Resistance for the index lies in the zone of 9200 to 9250 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 9350 to 9400 where short & medium term moving averages are lying.

Broad range for the index is seen from 8700 to 8750 on downside & 9350 to 9400 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 5.90%.

As we have mentioned last week, that resistance for the index lies in the zone of 10000 to 10100 from where the index sold off in the month of July-2017. If the index manages to close above these levels then the index can move to the levels of 10300 to 10350 where long term Fibonacci levels are lying. During the week the index manages to hit a high of 9987 and close the week around the levels of 9311.

Support for the index lies in the zone of 9200 to 9250 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8800 to 8900 from where the index has bounced in the month of September-2017.

Resistance for the index lies in the zone of 9350 to 9400 where short & medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9550 to 9600 from where the index has sold off.

Broad range for the index is seen from 9000 to 9050 on downside & 9550 to 9600 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on positive note gaining around 2.60%.

As we have mentioned last week, that minor support for the index lies in the zone of 9500 to 9550. Support for the index lies in the zone of 9350 to 9400 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where Fibonacci levels are lying. During the week the index manages to hit a low of 9599 and close the week around the levels of 9897.

Support for the index lies in the zone of 9750 to 9800 where break out levels and 200 daily moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9650 where break out levels are lying.

Resistance for the index lies in the zone of 10000 to 10100 from where the index sold off in the month of July-2017. If the index manages to close above these levels then the index can move to the levels of 10300 to 10350 where long term Fibonacci levels are lying.

Broad range for the index is seen from 9500 to 9550 on downside & 10200 to 10300 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on positive note gaining around 0.60%.

As we have mentioned last week, that minor support for the index lies in the zone of 9500 to 9550. Support for the index lies in the zone of 9350 to 9400 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where Fibonacci levels are lying. During the week the index manages to hit a low of 9302 and close the week around the levels of 9650.

Minor support for the index lies in the zone of 9500 to 9550. Support for the index lies in the zone of 9350 to 9400 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 9650 to 9700 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 9850 to 9900 where 200 daily moving averages are lying.

Broad range for the index is seen from 9300 to 9350 on downside & 9800 to 9850 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 9650 to 9700 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 9850 to 9900 where 200 daily moving averages are lying. During the week the index manages to hit a high of 9761 and close the week around the levels of 9593.

Minor support for the index lies in the zone of 9500 to 9550. Support for the index lies in the zone of 9350 to 9400 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 9650 to 9700 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 9850 to 9900 where 200 daily moving averages are lying.

Broad range for the index is seen from 9300 to 9350 on downside & 9800 to 9850 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that support for the index lies in the zone of 9350 to 9400 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where Fibonacci levels are lying. During the week the index manages to hit a low of 9385 and close the week around the levels of 9546.

Support for the index lies in the zone of 9350 to 9400 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 9650 to 9700 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 9850 to 9900 where 200 daily moving averages are lying.

Broad range for the index is seen from 9200 to 9250 on downside & 9800 to 9850 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 9200 to 9250 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 9350 to 9400 where medium term moving averages are lying. During the week the index manages to hit a high of 9509 and close the week around the levels of 9478.

Support for the index lies in the zone of 9350 to 9400 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 9500 to 9550. Resistance for the index lies in the zone of 9650 to 9700 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 9850 to 9900 where 200 daily moving averages are lying.

Broad range for the index is seen from 9100 to 9150 on downside & 9700 to 9750 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 3.10%.

As we have mentioned last week, that minor support for the index lies in the zone of 9350 to 9400. Support for the index lies in the zone of 9200 to 9250 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8900 to 8950 where break out levels are lying. During the week the index manages to hit a low of 8977 and close the week around the levels of 9173.

Support for the index lies in the zone of 8900 to 8950 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8720 to 8770 where the index has formed a low in the month of September-2017.

Resistance for the index lies in the zone of 9200 to 9250 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 9350 to 9400 where medium term moving averages are lying.

Broad range for the index is seen from 8750 to 8800 on downside & 9350 to 9400 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA 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 9200 to 9250 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8900 to 8950 where break out levels are lying. During the week the index manages to hit a low of 9218 and close the week around the levels of 9465.

Minor support for the index lies in the zone of 9350 to 9400. Support for the index lies in the zone of 9200 to 9250 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8900 to 8950 where break out levels are lying.

Resistance for the index lies in the zone of 9550 to 9600. If the index manages to close above these levels then the index can move to the levels of 9900 to 9950 where 200 daily moving averages are lying.

Broad range for the index is seen from 9200 to 9250 on downside & 9650 to 9700 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on positive note gaining around 5.70%.

As we have mentioned last week, that minor resistance for the index lies in the zone of 8950 to 9000. Resistance for the index lies in the zone of 9200 to 9250 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 9300 to 9350 where short term moving averages are lying. During the week the index manages to hit a high of 9396 and close the week around the levels of 9338.

Support for the index lies in the zone of 9200 to 9250 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8900 to 8950 where break out levels are lying.

Resistance for the index lies in the zone of 9300 to 9350 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9550 to 9600.

Broad range for the index is seen from 9000 to 9050 on downside & 9550 to 9600 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 8950 to 9000. Support for the index lies in the zone of 8750 to 8800 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 8500 to 8550. During the week the index manages to hit a low of 8793 and close the week around the levels of 8840.

Support for the index lies in the zone of 8750 to 8800 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 8500 to 8550.

Minor resistance for the index lies in the zone of 8950 to 9000. Resistance for the index lies in the zone of 9200 to 9250 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 9300 to 9350 where short term moving averages are lying.

Broad range for the index is seen from 8600 to 8650 on downside & 9100 to 9150 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 8700 to 8750. Support for the index lies in the zone of 8600 to 8650 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 8300 to 8350 where the index has formed a short term bottom. During the week the index manages to hit a low of 8841 and close the week around the levels of 9072.

Minor support for the index lies in the zone of 8950 to 9000. Support for the index lies in the zone of 8750 to 8800 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 8500 to 8550.

Minor resistance for the index lies in the zone of 9100 to 9150. Resistance for the index lies in the zone of 9200 to 9250 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 9350 to 9400 where short term moving averages are lying.

Broad range for the index is seen from 8800 to 8850 on downside & 9300 to 9350 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA 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 8600 to 8650 from where the index broke down from the lows of May-2017. If the index manages to close above these levels then the index can move to the levels of 9000 to 9050 from where the index broke down. During the week the index manages to hit a high of 8921 and close the week around the levels of 8902.

Minor support for the index lies in the zone of 8700 to 8750. Support for the index lies in the zone of 8600 to 8650 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 8300 to 8350 where the index has formed a short term bottom.

Resistance for the index lies in the zone of 8900 to 8950 from where the index broke down. If the index manages to close above these levels then the index can move to the levels of 9200 to 9250 where Fibonacci levels are lying.

Broad range for the index is seen from 8600 to 8650 on downside & 9200 to 9250 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA 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 8600 to 8650 from where the index broke down from the lows of May-2017. If the index manages to close above these levels then the index can move to the levels of 9000 to 9050 from where the index broke down. During the week the index manages to hit a high of 8910 and close the week around the levels of 8639.

Minor support for the index lies in the zone of 8550 to 8580. Support for the index lies in the zone of 8300 to 8350 from where the index broke out of consolidation in the month of June-2014. If the index manages to close below these levels then the index can drift to the levels of 8000 to 8050 where long term Fibonacci levels are lying.

Resistance for the index lies in the zone of 8600 to 8650 from where the index broke down from the lows of May-2017. If the index manages to close above these levels then the index can move to the levels of 9000 to 9050 from where the index broke down.

Broad range for the index is seen from 8000 to 8050 on downside & 9000 to 9050 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 8.00%.

As we have mentioned last week, that support for the index lies in the zone of 9170 to 9230 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where the index has formed a bottom in the month of May-2017. During the week the index manages to hit a low of 8314 and close the week around the levels of 8521.

Support for the index lies in the zone of 8300 to 8350 from where the index broke out of consolidation in the month of June-2014. If the index manages to close below these levels then the index can drift to the levels of 8000 to 8050 where long term Fibonacci levels are lying.

Resistance for the index lies in the zone of 8600 to 8650 from where the index broke down from the lows of May-2017. If the index manages to close above these levels then the index can move to the levels of 9000 to 9050 from where the index broke down.

Broad range for the index is seen from 8000 to 8050 on downside & 9000 to 9050 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that minor resistance for the index lies in the zone of 9700 to 9750. Resistance for the index lies in the zone of 9900 to 9950 where medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10200 to 10300 where Fibonacci levels and 200 daily moving averages are lying. During the week the index manages to hit a high of 9708 and close the week around the levels of 9257.

Support for the index lies in the zone of 9170 to 9230 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where the index has formed a bottom in the month of May-2017.

Resistance for the index lies in the zone of 9350 to 9400 from where the index broke down. If the index manages to close above these levels then the index can move to the levels of 9600 to 9650 where short term moving averages are lying.

Broad range for the index is seen from 9000 to 9050 on downside & 9500 to 9550 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA 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 9900 to 9950 where broke 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 9700 to 9750 from where the index broke out of June-2017 highs. During the week the index manages to hit a low of 9641 and close the week around the levels of 9673.

Support for the index lies in the zone of 9550 to 9600 from where the index broke out after consolidation 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 9350 to 9400 where the index has taken multiple support.

Minor resistance for the index lies in the zone of 9700 to 9750. Resistance for the index lies in the zone of 9900 to 9950 where medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10200 to 10300 where Fibonacci levels and 200 daily moving averages are lying.

Broad range for the index is seen from 9350 to 9400 on downside & 9900 to 9950 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA 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 9950 to 10000 from where the index broke down from double bottom pattern 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 10250 to 10350 where Fibonacci level is lying. During the week the index manages to hit a high of 10260 and close the week around the levels of 10052.

Support for the index lies in the zone of 9900 to 9950 where broke 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 9700 to 9750 from where the index broke out of June-2017 highs.

Resistance for the index lies in the zone of 10250 to 10350 where Fibonacci level and 200 daily moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10650 to 10750 where the index has formed a top in the month of February-2017 and March-2017.

Broad range for the index is seen from 9750 to 9800 on downside & 10250 to 10300 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA 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 9700 to 9750 from where the index broke down from November-2016 lows. If the index manages to close above these levels then the index can move to the levels of 9850 to 9900 from where the index broke down from double bottom pattern. During the week the index manages to hit a high of 9995 and close the week around the levels of 9958.

Minor support for the index lies in the zone of 9870 to 9900. Support for the index lies in the zone of 9770 to 9800 from where the index broke out of June-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 9600 to 9650 where break out levels and short term moving averages are lying.

Resistance for the index lies in the zone of 9950 to 10000 from where the index broke down from double bottom pattern 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 10250 to 10350 where Fibonacci level is lying.

Broad range for the index is seen from 9750 to 9800 on downside & 10250 to 10300 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on positive note gaining around 1.20%.

As we have mentioned last week, that minor support for the index lies in the zone of 9525 to 9550. Support for the index lies in the zone of 9250 to 9300 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where the index has formed a short term bottom. During the week the index manages to hit a low of 9497 and close the week around the levels of 9724.

Minor support for the index lies in the zone of 9600 to 9650. Support for the index lies in the zone of 9450 to 9500 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 9250 to 9300 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 9700 to 9750 from where the index broke down from November-2016 lows. If the index manages to close above these levels then the index can move to the levels of 9850 to 9900 from where the index broke down from double bottom pattern.

Broad range for the index is seen from 9500 to 9550 on downside & 9900 to 9950 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that support for the index lies in the zone of 9250 to 9300 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where the index has formed a short term bottom. During the week the index manages to hit a low of 9400 and close the week around the levels of 9606.

Minor support for the index lies in the zone of 9525 to 9550. Support for the index lies in the zone of 9250 to 9300 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where the index has formed a short term bottom.

Resistance for the index lies in the zone of 9700 to 9750 from where the index broke down from November-2016 lows. If the index manages to close above these levels then the index can move to the levels of 9850 to 9900 from where the index broke down from double bottom pattern.

Broad range for the index is seen from 9400 to 9450 on downside & 9800 to 9850 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA 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 9700 to 9750 from where the index broke down from November-2016 lows. If the index manages to close above these levels then the index can move to the levels of 9850 to 9900 from where the index broke down from double bottom pattern and short term moving averages are lying. During the week the index manages to hit a high of 9565 and close the week around the levels of 9478.

Support for the index lies in the zone of 9250 to 9300 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where the index has formed a short term bottom.

Resistance for the index lies in the zone of 9700 to 9750 from where the index broke down from November-2016 lows. If the index manages to close above these levels then the index can move to the levels of 9850 to 9900 from where the index broke down from double bottom pattern.

Broad range for the index is seen from 9200 to 9250 on downside & 9700 to 9750 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 9700 to 9750 from where the index broke down from November-2016 lows. If the index manages to close above these levels then the index can move to the levels of 9850 to 9900 from where the index broke down from double bottom pattern and short term moving averages are lying. During the week the index manages to hit a high of 9765 and close the week around the levels of 9525.

Support for the index lies in the zone of 9250 to 9300 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where the index has formed a short term bottom.

Resistance for the index lies in the zone of 9700 to 9750 from where the index broke down from November-2016 lows. If the index manages to close above these levels then the index can move to the levels of 9850 to 9900 from where the index broke down from double bottom pattern and short term moving averages are lying.

Broad range for the index is seen from 9200 to 9250 on downside & 9700 to 9750 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week that minor support for the index lies in the zone of 9050 to 9150. Support for the index lies in the zone of 8600 to 8650 where the index has formed a short term bottom. The index is in a freefall and no support levels are holding. The index can drift to the levels of 8000 to 8100 where long term Fibonacci levels are lying. During the week the index manages to hit a low of 9150 and close the week around the levels of 9507.

Support for the index lies in the zone of 9250 to 9300 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where the index has formed a short term bottom.

Resistance for the index lies in the zone of 9700 to 9750 from where the index broke down from November-2016 lows. If the index manages to close above these levels then the index can move to the levels of 9850 to 9900 from where the index broke down from double bottom pattern and short term moving averages are lying.

Broad range for the index is seen from 9200 to 9250 on downside & 9700 to 9750 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week that resistance for the index is lying in the zone of 9200 to 9250 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450. During the week the index manages to hit a high of 9293 and close the week around the levels of 9255.

Minor support for the index lies in the zone of 9050 to 9150. Support for the index lies in the zone of 8600 to 8650 where the index has formed a short term bottom. The index is in a freefall and no support levels are holding. The index can drift to the levels of 8000 to 8100 where long term Fibonacci levels are lying.

Resistance for the index is lying in the zone of 9200 to 9250 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450.

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

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 10.80%.

As we have mentioned last week that minor support for the index lies in the zone of 10000 to 10050. Support for the index lies in the zone of 9800 to 9900 from where the index has bounced in the month of October-2014 and November-2016. If the index manages to close below these levels then the index can witness further free fall and virtually no support exit. The index can drift to the levels of 9700. During the week the index manages to hit a low of 9034 and close the week around the levels of 9060.

The index is in a freefall and no support levels are holding. The index can drift to the levels of 8000 to 8100 where long term Fibonacci levels are lying.

Resistance for the index is lying in the zone of 9200 to 9250 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450.

Broad range for the index is seen from 8400 to 8450 on downside & 9300 to 9350 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA 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 10200 to 10250 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 around 10400 to 10450 where short & medium term moving averages are lying. During the week the index manages to hit a high of 10301 and close the week around the levels of 10156.

Minor support for the index lies in the zone of 10000 to 10050. Support for the index lies in the zone of 9800 to 9900 from where the index has bounced in the month of October-2014 and November-2016. If the index manages to close below these levels then the index can witness further free fall and virtually no support exit. The index can drift to the levels of 9700.

Resistance for the index lies in the zone of 10200 to 10250 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 around 10350 to 10400 where short & medium term moving averages are lying.

Broad range for the index is seen from 9900 to 9950 on downside & 10300 to 10350 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 10000 to 10050. Resistance for the index lies in the zone of 10200 to 10250 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 around 10400 to 10450 where short & medium term moving averages are lying. During the week the index manages to hit a high of 10197 and close the week around the levels of 10121.

Minor support for the index lies in the zone of 10000 to 10050. Support for the index lies in the zone of 9800 to 9900 from where the index has bounced in the month of October-2014 and November-2016. If the index manages to close below these levels then the index can witness further free fall and virtually no support exit. The index can drift to the levels of 9700.

Resistance for the index lies in the zone of 10200 to 10250 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 around 10400 to 10450 where short & medium term moving averages are lying.

Broad range for the index is seen from 9900 to 9950 on downside & 10300 to 10350 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week that support for the index lies in the zone of 10000 to 10100 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 9800 to 9900 from where the index has bounced in the month of October-2014 and November-2016. During the week the index manages to hit a low of 9909 and close the week around the levels of 9935.

Support for the index lies in the zone of 9800 to 9900 from where the index has bounced in the month of October-2014 and November-2016. If the index manages to close below these levels then the index can witness further free fall and virtually no support exit. The index can drift to the levels of 9700.

Minor resistance for the index lies in the zone of 10000 to 10050. Resistance for the index lies in the zone of 10200 to 10250 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 around 10400 to 10450 where short & medium term moving averages are lying.

Broad range for the index is seen from 9700 to 9750 on downside & 10200 to 10250 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA 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 10100 to 10200 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 9800 to 9900 from where the index has bounced in the month of October-2014 and November-2016. During the week the index manages to hit a low of 10075 and close the week around the levels of 10121.

Support for the index lies in the zone of 10000 to 10100 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 9800 to 9900 from where the index has bounced in the month of October-2014 and November-2016.

Minor resistance for the index lies in the zone of 10300 to 10350. Resistance for the index lies in the zone of 10450 to 10520 where short & medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of around 10600 to 10700 where Fibonacci level is lying.

Broad range for the index is seen from 9900 to 9950 on downside & 10300 to 10350 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 3.10%.

As we have mentioned last week that minor support for the index lies in the zone of 10400 to 10450. Support for the index lies in the zone of 10250 to 10350 where the index has broken out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016. During the week the index manages to hit a low of 10192 and close the week around the levels of 10208.

Support for the index lies in the zone of 10100 to 10200 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 9800 to 9900 from where the index has bounced in the month of October-2014 and November-2016.

Minor resistance for the index lies in the zone of 10300 to 10350. Resistance for the index lies in the zone of 10450 to 10520 where short & medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of around 10600 to 10700 where Fibonacci level is lying.

Broad range for the index is seen from 9950 to 10000 on downside & 10500 to 10550 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week that support for the index lies in the zone of 10250 to 10350 where the index has broken out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016. During the week the index manages to hit a low of 10257 and close the week around the levels of 10532.

Minor support for the index lies in the zone of 10400 to 10450. Support for the index lies in the zone of 10250 to 10350 where the index has broken out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016.

Resistance for the index lies in the zone of 10620 to 10680 where Fibonacci level is lying. If the index manages to close above these levels then the index can move to the levels of 10750 to 10850 where highs for the month of February-2017 is lying.

Broad range for the index is seen from 10200 to 10250 on downside & 10800 to 10850 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 10500 to 10550. Resistance for the index lies in the zone of 10620 to 10680 where Fibonacci level is lying. If the index manages to close above these levels then the index can move to the levels of 10750 to 10850 where highs for the month of February-2017 is lying. During the week the index manages to hit a high of 10557 and close the week around the levels 10286.

Support for the index lies in the zone of 10250 to 10350 where the index has broken out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016.

Minor resistance for the index lies in the zone of 10350 to 10400. Resistance for the index lies in the zone of 10620 to 10680 where Fibonacci level is lying. If the index manages to close above these levels then the index can move to the levels of 10750 to 10850 where highs for the month of February-2017 is lying.

Broad range for the index is seen from 10000 to 10050 on downside & 10500 to 10550 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week that minor support for the index lies in the zone of 10500 to 10550. Support for the index lies in the zone of 10250 to 10350 where the index has broken out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016. During the week the index manages to hit a low of 10389 and close the week around the levels of 10411.

Support for the index lies in the zone of 10250 to 10350 where the index has broken out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016.

Minor resistance for the index lies in the zone of 10500 to 10550. Resistance for the index lies in the zone of 10620 to 10680 where Fibonacci level is lying. If the index manages to close above these levels then the index can move to the levels of 10750 to 10850 where highs for the month of February-2017 is lying.

Broad range for the index is seen from 10100 to 10150 on downside & 10600 to 10650 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 1.10%.

As we have mentioned last week that minor support for the index lies in the zone of 10500 to 10550. Support for the index lies in the zone of 10250 to 10350 where the index has broken out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016. During the week the index manages to hit a low of 10373 and close the week around the levels of 10556.

Minor support for the index lies in the zone of 10500 to 10550. Support for the index lies in the zone of 10250 to 10350 where the index has broken out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016.

Minor resistance for the index lies in the zone of 10600 to 10650. Resistance for the index lies in the zone of 10750 to 10850 where highs for the month of February-2017 is lying. If the index manages to close above these levels then the index can move to the levels of 11000 to 11100 where 200 Daily SMA is lying.

Broad range for the index is seen from 10200 to 10250 on downside & 10700 to 10800 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week that minor support for the index lies in the zone of 10450 to 10500. Support for the index lies in the zone of 10250 to 10350 where the index has broken out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016. During the week the index manages to hit a low of 10469 and close the week around the levels of 10675.

Minor support for the index lies in the zone of 10500 to 10550. Support for the index lies in the zone of 10250 to 10350 where the index has broken out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016.

Resistance for the index lies in the zone of 10750 to 10850 where highs for the month of February-2017 is lying. If the index manages to close above these levels then the index can move to the levels of 11000 to 11100 where 200 Daily SMA is lying.

Broad range for the index is seen from 10400 to 10450 on downside & 10900 to 11000 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week that minor support for the index lies in the zone of 10450 to 10500. Support for the index lies in the zone of 10250 to 10350 where the index has broken out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016. During the week the index manages to hit a low of 10444 and close the week around the levels of 10468.

Minor support for the index lies in the zone of 10450 to 10500. Support for the index lies in the zone of 10250 to 10350 where the index has broken out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016.

Minor resistance for the index lies in the zone of 10550 to 10600. Resistance for the index lies in the zone of 10700 to 10800 where Fibonacci level is lying. Above these levels the index can move to the levels of 11000 to 11100 where 200 Daily SMA is lying.

Broad range for the index is seen from 10100 to 10150 on downside & 10700 to 10750 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week that resistance for the index lies in the zone of 10700 to 10800 where Fibonacci level is lying. Above these levels the index can move to the levels of 11000 to 11100 where 200 Daily SMA is lying. During the week the index manages to hit a high of 10759 and close the week around the levels of 10614.

Minor support for the index lies in the zone of 10450 to 10500. Support for the index lies in the zone of 10250 to 10350 where the index has broken out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016.

Resistance for the index lies in the zone of 10700 to 10800 where Fibonacci level is lying. Above these levels the index can move to the levels of 11000 to 11100 where 200 Daily SMA is lying.

Broad range for the index is seen from 10200 to 10250 on downside and 10800 to 10900 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week that resistance for the index lies in the zone of 10700 to 10800 where Fibonacci level is lying. Above these levels the index can move to the levels of 11000 to 11100 where 200 Daily SMA is lying. During the week the index manages to hit a high of 10685 and close the week around the levels of 10562.

Minor support for the index lies in the zone of 10400 to 10450. Support for the index lies in the zone of 10250 to 10350 where the index has broken out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016.

Resistance for the index lies in the zone of 10700 to 10800 where Fibonacci level is lying. Above these levels the index can move to the levels of 11000 to 11100 where 200 Daily SMA is lying.

Broad range for the index is seen from 10200 to 10250 on downside and 10800 to 10900 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week that resistance for the index lies in the zone of 10450 to 10550 from where the index has broken down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where Fibonacci level is lying. Above these levels the index can move to the levels of 11000 to 11100 where 200 Daily SMA is lying. During the week the index manages to hit a high of 10646 and close the week around the levels of 10624.

Minor support for the index lies in the zone of 10400 to 10450. Support for the index lies in the zone of 10250 to 10350 where the index has broken out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016.

Resistance for the index lies in the zone of 10700 to 10800 where Fibonacci level is lying. Above these levels the index can move to the levels of 11000 to 11100 where 200 Daily SMA is lying.

Broad range for the index is seen from 10300 to 10350 on downside to 10900 to 11000 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 1.10%.

As we have mentioned last week that resistance for the index lies in the zone of 10450 to 10550 from where the index has broken down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where Fibonacci level is lying. Above these levels the index can move to the levels of 11000 to 11200 where 200 Daily SMA is lying. During the week the index manages to hit a high of 10809 and close the week around the levels of 10438.

Support for the index lies in the zone of 10250 to 10350 where the index has broken out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016.

Resistance for the index lies in the zone of 10450 to 10550 from where the index has broken down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where Fibonacci level is lying. Above these levels the index can move to the levels of 11000 to 11100 where 200 Daily SMA is lying.

Broad range for the index is seen from 10100 to 10200 on downside to 10900 to 11000 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week that support for the index lies in the zone of 10250 to 10350 where the index has broken out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016. During the week the index manages to hit a low of 10066 and close the week around the levels of 10555.

Support for the index lies in the zone of 10250 to 10350 where the index has broken out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016.

Resistance for the index lies in the zone of 10450 to 10550 from where the index has broken down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where Fibonacci level is lying. Above these levels the index can move to the levels of 11000 to 11200 where 200 Daily SMA is lying.

Broad range for the index is seen from 10100 to 10200 on downside to 10900 to 11000 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on positive note gaining around 0.60%.

As we have mentioned last week that resistance for the index lies in the zone of 10450 to 10550 from where the index has broken down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where Fibonacci level is lying. During the week the index manages to hit a high of 10403 and close the week around the levels of 10367.

Support for the index lies in the zone of 10250 to 10350 where the index has broken out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016.

Resistance for the index lies in the zone of 10450 to 10550 from where the index has broken down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where Fibonacci level is lying.

Broad range for the index is seen from 10000 to 10050 on downside to 10600 to 10650 on upside.

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

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

NIFTY PHARMA:

 

pharma

 

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

As we have mentioned last week that resistance for the index lies in the zone of 10450 to 10550 from where the index has broken down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where medium term moving averages are lying. During the week the index manages to hit a high of 10503 and close the week around the levels of 10308.

Support for the index lies in the zone of 10250 to 10350 where the index has broken out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016.

Resistance for the index lies in the zone of 10450 to 10550 from where the index has broken down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where Fibonacci ratio is lying.

Broad range for the index is seen from 10000 to 10050 on downside to 10500 to 10550 on upside.

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

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

NIFTY PHARMA:

 

pharma

 

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

As we have mentioned last week that resistance for the index lies in the zone of 10450 to 10550 from where the index has broken down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where medium term moving averages are lying. During the week the index manages to hit a high of 10526 and close the week around the levels of 10445.

Support for the index lies in the zone of 10250 to 10350 where the index has broken out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016.

Resistance for the index lies in the zone of 10450 to 10550 from where the index has broken down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where medium term moving averages are lying.

Broad range for the index is seen from 10100 to 10200 on downside to 10700 to 10800 on upside.

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

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

NIFTY PHARMA:

 

pharma

 

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

As we have mentioned last week that resistance for the index lies in the zone of 10350 to 10500 from where the index has broken down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where medium term moving averages are lying. During the week the index manages to hit a high of 10560 and close the week around the levels of 10473.

Minor support for the index lies in the zone of 10250 to 10350 where the index has broken out on intraday basis. Support for the index lies in the zone of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016. The index has been trading very weak and virtually no support for the index is visible. If the index manages to close below these levels then the index can drift to the levels of 9500.

Resistance for the index lies in the zone of 10450 to 10550 from where the index has broken down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where medium term moving averages are lying.

Broad range for the index is seen from 10100 to 10200 on downside to 10700 to 10800 on upside.

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

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

NIFTY PHARMA:

 

pharma

 

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

As we have mentioned last week that support for the index lies in the zone of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016. The index has been trading very weak and virtually no support for the index is visible. If the index manages to close below these levels then the index can drift to the levels of 9500. During the week the index manages to hit a low of 9870 and close the week around the levels of 10267.

Support for the index lies in the zone of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016. The index has been trading very weak and virtually no support for the index is visible. If the index manages to close below these levels then the index can drift to the levels of 9500.

Resistance for the index lies in the zone of 10350 to 10500 from where the index has broken down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where medium term moving averages are lying.

Broad range for the index is seen from 9800 to 9850 on downside to 10400 to 10500 on upside.

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

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

NIFTY PHARMA:

 

pharma

 

Nifty PHARMA index closed the week on negative note losing around 4.60%.

As we have mentioned last week that support for the index lies in the zone of 10350 to 10500 from where the index has bounced in the month of March – 2016 and June – 2016. If the index breaks below these levels on closing basis then the index can witness a free fall as no supports are visible. If the index breaks below these levels then the index can drift to the levels of 10000. During the week the index manages to hit a low of 10075 and close the week around the levels of 10157.

Support for the index lies in the zone of 9800 to 10000 from where the index has bounced in the month of October-2014 and November-2016. The index has been trading very weak and virtually no support for the index is visible. If the index manages to close below these levels then the index can drift to the levels of 9500.

Resistance for the index lies in the zone of 10350 to 10500 from where the index has broken down on intraday basis. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where medium term moving averages are lying.

Broad range for the index is seen from 9800 to 9850 on downside to 10400 to 10500 on upside.

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

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

NIFTY PHARMA:

 

pharma

 

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

As we have mentioned last week that minor support for the index lies in the zone of 10800. Support for the index lies in the zone of 10350 to 10500 from where the index has bounced in the month of March – 2016 and June – 2016. If the index breaks below these levels on closing basis then the index can witness a free fall as no supports are visible. If the index breaks below these levels then the index can drift to the levels of 10000. During the week the index manages to hit a low of 10539 and close the week around the levels of 10639.

Support for the index lies in the zone of 10350 to 10500 from where the index has bounced in the month of March – 2016 and June – 2016. If the index breaks below these levels on closing basis then the index can witness a free fall as no supports are visible. If the index breaks below these levels then the index can drift to the levels of 10000.

Minor resistance for the index lies in the zone of 10750 to 10850. Resistance for the index lies in the zone of 11200 to 11300 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 11500 to 11700 levels from where the index has broken down.

Broad range for the index is seen from 10300 to 10350 on downside to 10800 to 10900 on upside.

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

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

NIFTY PHARMA:

 

pharma

 

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

As we have mentioned last week that resistance for the index lies in the zone of 11200 to 11300 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 11500 to 11700 levels from where the index has broken down. During the week the index manages to hit a high of 11164 and close the week around the levels of 10929.

Minor support for the index lies in the zone of 10800. Support for the index lies in the zone of 10350 to 10500 from where the index has bounced in the month of March – 2016 and June – 2016. If the index breaks below these levels on closing basis then the index can witness a free fall as no supports are visible. If the index breaks below these levels then the index can drift to the levels of 10000.

Resistance for the index lies in the zone of 11200 to 11300 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 11500 to 11700 levels from where the index has broken down.

Broad range for the index is seen from 10500 to 10600 on downside to 11400 to 11500 on upside.

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

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

NIFTY PHARMA:

 

pharma

 

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

As we have mentioned last week that resistance for the index lies in the zone of 11200 to 11300 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 11500 to 11700 levels from where the index has broken down. During the week the index manages to hit a high of 11215 and close the week around the levels of 11038.

Minor support for the index lies in the zone of 10800. Support for the index lies in the zone of 10350 to 10500 from where the index has bounced in the month of March – 2016 and June – 2016. If the index breaks below these levels on closing basis then the index can witness a free fall as no supports are visible. If the index breaks below these levels then the index can drift to the levels of 10000.

Resistance for the index lies in the zone of 11200 to 11300 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 11500 to 11700 levels from where the index has broken down.

Broad range for the index is seen from 10500 to 10600 on downside to 11400 to 11500 on upside.

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

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

NIFTY PHARMA:

 

pharma

 

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

As we have mentioned last week that support for the index lies in the zone of 10350 to 10500 from where the index has bounced in the month of March – 2016 and June – 2016. If the index breaks below these levels on closing basis then the index can witness a free fall as no supports are visible. If the index breaks below these levels then the index can drift to the levels of 10000. During the week the index manages to hit a low of 10586 and close the week around the levels of 11085.

Minor support for the index lies in the zone of 10800. Support for the index lies in the zone of 10350 to 10500 from where the index has bounced in the month of March – 2016 and June – 2016. If the index breaks below these levels on closing basis then the index can witness a free fall as no supports are visible. If the index breaks below these levels then the index can drift to the levels of 10000.

Resistance for the index lies in the zone of 11200 to 11300 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 11500 to 11700 levels from where the index has broken down.

Broad range for the index is seen from 10500 to 10600 on downside to 11400 to 11500 on upside.

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

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

NIFTY PHARMA:

 

pharma

 

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

As we have mentioned last week that support for the index lies in the zone of 10350 to 10500 from where the index has bounced in the month of March – 2016 and June – 2016. If the index breaks below these levels on closing basis then the index can witness a free fall as no supports are visible. If the index breaks below these levels then the index can drift to the levels of 10000. During the week the index manages to hit a low of 10530 and close the week around the levels of 10751.

Support for the index lies in the zone of 10350 to 10500 from where the index has bounced in the month of March – 2016 and June – 2016. If the index breaks below these levels on closing basis then the index can witness a free fall as no supports are visible. If the index breaks below these levels then the index can drift to the levels of 10000.

Resistance for the index lies in the zone of 10900 to 11050 where the index has formed a gap on 04/11/2016 on gap down opening. If the index manages to close above these levels then the index can move to the levels of 11200 to 11300 from where the index has broken down from the double bottom pattern and 200 Daily SMA is lying.

Broad range for the index is seen from 10300 to 10400 on downside to 11300 to 11400 on upside.

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

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

NIFTY PHARMA:

 

pharma

 

Nifty PHARMA 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 10900 to 11050 where the index has formed a gap on 04/11/2016 on gap down opening. If the index manages to close above these levels then the index can move to the levels of 11200 to 11300 from where the index has broken down from the double bottom pattern and 200 Daily SMA is lying. During the week the index manages to hit a high of 11172 and close the week around the levels of 10901.

Support for the index lies in the zone of 10350 to 10500 from where the index has bounced in the month of March – 2016 and June – 2016. If the index breaks below these levels on closing basis then the index can witness a free fall as no supports are visible. If the index breaks below these levels then the index can drift to the levels of 10000.

Resistance for the index lies in the zone of 10900 to 11050 where the index has formed a gap on 04/11/2016 on gap down opening. If the index manages to close above these levels then the index can move to the levels of 11200 to 11300 from where the index has broken down from the double bottom pattern and 200 Daily SMA is lying.

Broad range for the index is seen from 10300 to 10400 on downside to 11300 to 11400 on upside.

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

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

NIFTY PHARMA:

 

pharma

 

Nifty PHARMA index closed the week on negative note losing around 8.90%.

As we have mentioned last week that resistance for the index lies in the zone of 11700 to 11800 where the index has formed a top in the month of October – 2016. If the index manages to close above these levels then the index can move to the levels of 11900 to 12000 where the index has formed a triple top pattern. During the week the index manages to hit a high of 11705 and close the week around the levels of 10606.

Support for the index lies in the zone of 10350 to 10500 from where the index has bounced in the month of March – 2016 and June – 2016. If the index breaks below these levels on closing basis then the index can witness a free fall as no supports are visible. If the index breaks below these levels then the index can drift to the levels of 10000.

Resistance for the index lies in the zone of 10900 to 11050 where the index has formed a gap on 04/11/2016 on gap down opening. If the index manages to close above these levels then the index can move to the levels of 11200 to 11300 from where the index has broken down from the double bottom pattern and 200 Daily SMA is lying.

Broad range for the index is seen from 10200 to 10300 on downside to 10900 to 11000 on upside.

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

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

NIFTY PHARMA:

 

pharma

 

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

As we have mentioned last week that support for the index lies in the zone of 11300 to 11400 where medium term 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 11100 to 11200 from where the index has bounced in the month of August – 2016. If the index manages to break these levels on closing basis then the index can witness the correction to the levels of 10600 to 10800 from where the index has bounced in the month of June – 2016. During the week the index manages to hit a low of 11413 and close the week around the levels of 11572.

Support for the index lies in the zone of 11300 to 11400 where medium term 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 11100 to 11200 from where the index has bounced in the month of August – 2016.

Resistance for the index lies in the zone of 11700 to 11800 where the index has formed a top in the month of October – 2016. If the index manages to close above these levels then the index can move to the levels of 11900 to 12000 where the index has formed a triple top pattern.

Broad range for the index is seen from 11200 to 11300 on downside to 11800 to 11900 on upside.

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

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

NIFTY PHARMA:

 

pharma

 

Nifty PHARMA 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 11600 to 11700 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11900 to 12000 from where the index has sold off. During the week the index manages to hit a high of 11586 and close the week around the levels of 11495.

Support for the index lies in the zone of 11300 to 11400 where medium term 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 11100 to 11200 from where the index has bounced in the month of August – 2016. If the index manages to break these levels on closing basis then the index can witness the correction to the levels of 10600 to 10800 from where the index has bounced in the month of June – 2016.

Resistance for the index lies in the zone of 11600 to 11700 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11900 to 12000 from where the index has sold off.

Broad range for the index is seen from 11100 to 11200 on downside to 11600 to 11700 on upside.

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

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

NIFTY PHARMA:

 

pharma

 

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

As we have mentioned last week that support for the index lies in the zone of 11300 to 11400 where medium term 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 11100 to 11200 from where the index has bounced in the month of August – 2016. During the week the index manages to hit a low of 11301 and close the week around the levels of 11380.

Support for the index lies in the zone of 11300 to 11400 where medium term 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 11100 to 11200 from where the index has bounced in the month of August – 2016. If the index manages to break these levels on closing basis then the index can witness the correction to the levels of 10600 to 10800 from where the index has bounced in the month of June – 2016.

Resistance for the index lies in the zone of 11600 to 11700 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11900 to 12000 from where the index has sold off.

Broad range for the index is seen from 11100 to 11200 on downside to 11600 to 11700 on upside.

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

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

NIFTY PHARMA:

 

pharma

 

Nifty PHARMA 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 11600 to 11700 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11900 to 12000 from where the index has sold off. During the week the index manages to hit a high of 11748 and close the week around the levels of 11480.

Support for the index lies in the zone of 11300 to 11400 where medium term 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 11100 to 11200 from where the index has bounced in the month of August – 2016.

Resistance for the index lies in the zone of 11600 to 11700 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11900 to 12000 from where the index has sold off.

Broad range for the index is seen from 11100 to 11200 on downside to 11600 to 11700 on upside.

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

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

NIFTY PHARMA:

 

pharma

 

Nifty PHARMA index closed the week on negative note losing around 2.90%.

As we have mentioned last week that support for the index lies in the zone of 11600 to 11700 where long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 11300 to 11400 where short term and medium term moving averages are lying. During the week the index manages to hit a low of 11269 and close the week around the levels of 11461.

Support for the index lies in the zone of 11300 to 11400 where medium term 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 11100 to 11200 from where the index has bounced in the month of August – 2016.

Resistance for the index lies in the zone of 11600 to 11700 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11900 to 12000 from where the index has sold off.

Broad range for the index is seen from 11100 to 11200 on downside to 11600 to 11700 on upside.

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

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

NIFTY PHARMA:

 

pharma

 

Nifty PHARMA index closed the week on positive note gaining around 0.60%.

As we have mentioned last week that support for the index lies in the zone of 11600 to 11700 where long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 11300 to 11400 where short term and medium term moving averages are lying. During the week the index manages to hit a low of 11704 and close the week around the levels of 11799.

Support for the index lies in the zone of 11600 to 11700 where long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 11300 to 11400 where short term and medium term moving averages are lying.

Resistance for the index lies in the zone of 12050 to 12100 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 12500.

Broad range for the index is seen from 11400 to 11500 on downside to 12100 to 12200 on upside.

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

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

NIFTY PHARMA:

 

cnxpharma

 

Nifty PHARMA 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 11650 to 11700 where long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 11300 to 11400 where short term and medium term moving averages are lying. During the week the index manages to hit a low of 11593 and close the week around the levels of 11725.

Support for the index lies in the zone of 11600 to 11700 where long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 11300 to 11400 where short term and medium term moving averages are lying.

Resistance for the index lies in the zone of 12050 to 12100 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 12500.

Broad range for the index is seen from 11400 to 11500 on downside to 12100 to 12200 on upside.

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

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

NIFTY PHARMA:

 

pharma

 

Nifty PHARMA index closed the week on positive note gaining around 2.30%.

As we have mentioned last week that minor resistance for the index lies in the zone of 11650. Resistance for the index lies in the zone of 11770 to 11800 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 12000 where the index has formed a short term top. During the week the index manages to hit a high of 12043 and close the week around the levels of 11819.

Support for the index lies in the zone of 11650 to 11700 where long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 11300 to 11400 where short term and medium term moving averages are lying.

Resistance for the index lies in the zone of 12050 to 12100 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 12500.

Broad range for the index is seen from 11400 to 11500 on downside to 12100 to 12200 on upside.

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

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

NIFTY PHARMA:

 

cnxpharma

 

Nifty PHARMA 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 11650. Resistance for the index lies in the zone of 11770 to 11800 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 12000 where the index has formed a short term top. During the week the index manages to hit a high of 11654 and close the week around the levels of 11555.

The index has closed around the support zone of 11350 to 11400 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 11000 to 11100.

Minor resistance for the index lies in the zone of 11650. Resistance for the index lies in the zone of 11770 to 11800 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 12000 where the index has formed a short term top.

Broad range for the index is seen from 11200 to 11300 on downside to 11800 to 11900 on upside.

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

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

NIFTY PHARMA:

 

CNXPHARMA

 

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

As we have mentioned last week that support for the index lies in the zone of 11400 to 11450 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 11200 to 11300. During the week the index manages to hit a low of 11361 and close the week around the levels of 11395.

The index has closed around the support zone of 11350 to 11400 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 11000 to 11100.

Minor resistance for the index lies in the zone of 11650. Resistance for the index lies in the zone of 11770 to 11800 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 12000 where the index has formed a short term top.

Broad range for the index is seen from 11100 to 11200 on downside to 11600 to 11700 on upside.

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

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

NIFTY PHARMA:

 

cnxpharma

 

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

As we have mentioned last week that resistance for the index lies in the zone of 11450 to 11500 where 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 11770 to 11800. During the week the index manages to hit a high of 11626 and close the week around the levels of 11587.

Support for the index lies in the zone of 11400 to 11450 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 11200 to 11300.

Resistance for the index lies in the zone of 11770 to 11800 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 12000 where the index has formed a short term top.

Broad range for the index is seen from 11300 to 11400 on downside to 11800 to 11900 on upside.

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

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

NIFTY PHARMA:

 

cnxpharma

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 11770 to 11800. Resistance for the index lies in the zone of 12000 to 12100 from where the index has retraced in the month of Dec – 2015. 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 11766 and close the week around the levels of 11362.

Support for the index lies in the zone of 11100 to 11200 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10900 to 11000.

Resistance for the index lies in the zone of 11450 to 11500 where 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 11770 to 11800.

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

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

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

NIFTY PHARMA:

 

cnxpharma

 

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

As we have mentioned last week that support for the index lies in the zone of 11450 to 11500 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 11100 to 11200 where medium term moving averages are lying. During the week the index manages to hit a low of 11478 and close the week around the levels of 11679.

Support for the index lies in the zone of 11450 to 11500 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 11100 to 11200 where medium term moving averages are lying.

Minor resistance for the index lies in the zone of 11770 to 11800. Resistance for the index lies in the zone of 12000 to 12100 from where the index has retraced in the month of Dec – 2015. 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 is seen from 11400 to 11500 on downside to 12000 to 12100 on upside.

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

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

NIFTY PHARMA:

 

cnxpharma

 

Nifty PHARMA 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 11450 to 11500 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 11100 to 11200 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 from where the index has formed a short term bottom in the month of June – 2016. During the week the index manages to hit a low of 11453 and close the week around the levels of 11697.

Support for the index lies in the zone of 11450 to 11500 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 11100 to 11200 where medium term moving averages are lying.

Minor resistance for the index lies in the zone of 11770 to 11800. Resistance for the index lies in the zone of 12000 to 12100 from where the index has retraced in the month of Dec – 2015. 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 is seen from 11300 to 11400 on downside to 11900 to 12000 on upside.

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

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

NIFTY PHARMA:

 

CNXPHARMA

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 11700 to 11750. If the index manages to close above these levels then the index can move to the levels of 12000 to 12100 from where the index has retraced in the month of Dec – 2015. During the week the index manages to hit a high of 12012 and close the week around the levels of 11816.

Support for the index lies in the zone of 11450 to 11500 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 11100 to 11200 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 from where the index has formed a short term bottom in the month of June – 2016.

Resistance for the index lies in the zone of 12000 to 12100 from where the index has retraced in the month of Dec – 2015. 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 is seen from 11500 to 11600 on downside to 12200 to 12300 on upside.

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

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

NIFTY PHARMA:

 

niftypharma

 

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

As we have mentioned last week that minor support for the index lies in the zone of 11200 to 11300. Support for the index lies in the zone of 11000 where channel support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10500 from where the index has formed a short term bottom in the month of June – 2016. During the week the index manages to hit a low of 11536 and close the week around the levels of 11608.

Support for the index lies in the zone of 11450 to 11500 where 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 11100 to 11200 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 from where the index has formed a short term bottom in the month of June – 2016.

Minor resistance for the index lies in the zone of 11700 to 11750. If the index manages to close above these levels then the index can move to the levels of 12000 to 12100 from where the index has retraced in the month of Dec – 2015.

Broad range for the index is seen from 11200 to 11300 on downside to 11800 to 11900 on upside.

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

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

NIFTY PHARMA:

 

cnxpharma

 

Nifty PHARMA 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 11300 to 11400 where 100 Weekly SMA are lying. If the index manages to close above these levels then the index can move to the levels of 11400 to 11600 where 200 Daily SMA is lying. During the week the index manages to hit a high of 11640 and close the week around the levels of 11570.

Minor support for the index lies in the zone of 11200 to 11300. Support for the index lies in the zone of 11000 where channel support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10500 from where the index has formed a short term bottom in the month of June – 2016.

Resistance for the index lies in the zone of 11600 to 11700 where 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 12000 to 12100 from where the index has retraced in the month of Dec – 2015.

Broad range for the index is seen from 11200 to 11300 on downside to 11800 to 11900 on upside.

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

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

NIFTY PHARMA:

 

cnxpharma

 

Nifty PHARMA index closed the week on positive note gaining around 4.70%.

As we have mentioned last week that resistance for the index lies in the zone of 11000 where channel resistance and short term moving averages for the index is lying. If the index manages to close above these levels then the index can drift to the levels of 11300 to 11400 where 100 Weekly SMA are lying. During the week the index manages to hit a high of 11281 and close the week around the levels of 11251.

Support for the index lies in the zone of 11000 where channel support and short term moving averages for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10500 from where the index has formed a short term bottom in the month of June – 2016.

Resistance for the index lies in the zone of 11300 to 11400 where 100 Weekly SMA are lying. If the index manages to close above these levels then the index can move to the levels of 11400 to 11600 where 200 Daily SMA is lying.

Broad range for the index is seen from 10800 to 10900 on downside to 11500 to 11600 on upside.

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

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

NIFTY PHARMA:

 

cnxpharma

 

Nifty PHARMA 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 10400 to 10500 where weekly 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 10300 from where the index has bounced in the month of Mar – 2016. During the week the index manages to hit a low of 10499 and close the week around the levels of 10748.

Support for the index lies in the zone of 10400 to 10500 where weekly 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 10300 from where the index has bounced in the month of Mar – 2016.

Resistance for the index lies in the zone of 11000 where channel resistance and short term moving averages for the index is lying. If the index manages to close above these levels then the index can drift to the levels of 11300 to 11400 where 100 Weekly SMA are lying.

Broad range for the index is seen from 10400 to 10450 on downside to 11000 to 11100 on upside.

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

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

NIFTY PHARMA:

 

cnxpharma

 

Nifty PHARMA index closed the week on absolutely flat note.

As we have mentioned last week that support for the index lies in the zone of 10400 to 10500 where weekly 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 10300 from where the index has bounced in the month of Mar – 2016. During the week the index manages to hit a low of 10603 and close the week around the levels of 10653.

Support for the index lies in the zone of 10400 to 10500 where weekly 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 10300 from where the index has bounced in the month of Mar – 2016.

Resistance for the index lies in the zone of 11000 where channel resistance for the index is lying. If the index manages to close above these levels then the index can drift to the levels of 11300 to 11400 where 100 Daily SMA and 100 Weekly SMA are lying.

Broad range for the index is seen from 10300 to 10350 on downside to 10900 to 11000 on upside.

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

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

NIFTY PHARMA:

 

cnxpharma

 

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

As we have mentioned last week that support for the index lies in the zone of 10400 to 10500 where weekly 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 10300 from where the index has bounced in the month of Mar – 2016. During the week the index manages to hit a low of 10581 and close the week around the levels of 10658.

Support for the index lies in the zone of 10400 to 10500 where weekly 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 10300 from where the index has bounced in the month of Mar – 2016.

Resistance for the index lies in the zone of 11000 where channel resistance for the index is lying. If the index manages to close above these levels then the index can drift to the levels of 11300 to 11400 where 100 Daily SMA and 100 Weekly SMA are lying.

Broad range for the index is seen from 10250 to 10300 on downside to 10900 to 11000 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARMA

 

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

As we have mentioned last week that resistance for the index lies in the zone of 11300 to 11400 where 100 Daily SMA and 100 Weekly SMA are lying. If the index manages to close above these levels then the index can move to the levels of 11800 to 12000 where 200 Daily SMA is lying. During the week the index manages to hit a high of 11318 and close the week around the levels of 10808.

Support for the index lies in the zone of 10400 to 10500 where weekly 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 10300 from where the index has bounced in the month of Mar – 2016.

Resistance for the index lies in the zone of 11000 where channel resistance for the index is lying. If the index manages to close above these levels then the index can drift to the levels of 11300 to 11400 where 100 Daily SMA and 100 Weekly SMA are lying.

Broad range for the index is seen from 10250 to 10300 on downside to 11000 to 11100 on upside.

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

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

NIFTY PHARMA:

 

jcharts(4)

 

Nifty PHARMA 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 11300 to 11400 where 100 Daily SMA and 100 Weekly SMA are lying. If the index manages to close above these levels then the index can move to the levels of 11800 to 12000 where 200 Daily SMA is lying. During the week the index manages to hit a high of 11334 and close the week around the levels of 11071.

Support for the index lies in the zone of 11000 where channel support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10400 to 10500 where weekly trend-line support for the index is lying.

Resistance for the index lies in the zone of 11300 to 11400 where 100 Daily SMA and 100 Weekly SMA are lying. If the index manages to close above these levels then the index can move to the levels of 11800 to 12000 where 200 Daily SMA is lying.

Broad range for the index is seen from 10700 to 10800 on downside to 11300 to 11400 on upside.

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

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

NIFTY PHARMA:

 

niftypharma

 

Nifty PHARMA index closed the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 11300 to 11400 where 100 Daily SMA and 100 Weekly SMA are lying. If the index manages to close above these levels then the index can move to the levels of 11800 to 12000 where 200 Daily SMA is lying. During the week the index manages to hit a high of 11320 and close the week around the levels of 11155.

Support for the index lies in the zone of 11000 to 11200 where 500 Daily SMA and channel support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10400 to 10500 where weekly trend-line support for the index is lying.

Resistance for the index lies in the zone of 11300 to 11400 where 100 Daily SMA and 100 Weekly SMA are lying. If the index manages to close above these levels then the index can move to the levels of 11800 to 12000 where 200 Daily SMA is lying.

Broad range for the index is seen from 10700 to 10800 on downside to 11300 to 11400 on upside.

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

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

NIFTY PHARMA:

 

niftypharma

 

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

As we have mentioned last week that support for the index lies in the zone of 11000 where 500 Daily SMA and channel support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10400 to 10500 where weekly trend-line support for the index is lying. During the week the index manages to hit a low of 11080 and close the week around the levels of 11111.

Support for the index lies in the zone of 11000 to 11200 where 500 Daily SMA and channel support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10400 to 10500 where weekly trend-line support for the index is lying.

Resistance for the index lies in the zone of 11300 to 11400 where 100 Daily SMA and 100 Weekly SMA are lying. If the index manages to close above these levels then the index can move to the levels of 11800 to 12000 where 200 Daily SMA is lying.

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

 

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 11300 to 11400 where 100 Daily SMA and 100 Weekly SMA are lying. If the index manages to close above these levels then the index can move to the levels of 11800 to 12000 where 200 Daily SMA is lying. During the week the index manages to hit a high of 11326 and close the week around the levels of 11293.

Support for the index lies in the zone of 11000 where 500 Daily SMA and channel support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10400 to 10500 where weekly trend-line support for the index is lying.

Resistance for the index lies in the zone of 11300 to 11400 where 100 Daily SMA and 100 Weekly SMA are lying. If the index manages to close above these levels then the index can move to the levels of 11800 to 12000 where 200 Daily SMA is lying.

Broad range for the index is seen from 10800 to 10900 on downside to 11500 to 11600 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week that resistance for the index lies in the zone of 11300 to 11400 where short term moving averages and 100 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 11800 to 12000 where 200 Daily SMA is lying. During the week the index manages to hit a high of 11363 and close the week around the levels of 11278.

Support for the index lies in the zone of 11000 where 500 Daily SMA and channel support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10400 to 10500 where weekly trend-line support for the index is lying.

Resistance for the index lies in the zone of 11300 to 11400 where 100 Daily SMA and 100 Weekly SMA are lying. If the index manages to close above these levels then the index can move to the levels of 11800 to 12000 where 200 Daily SMA is lying.

Broad range for the index is seen from 10800 to 10900 on downside to 11500 to 11600 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA 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 11000 where 500 Daily SMA and channel resistance for the index is lying. If the index manages to close above these levels then the index can move to the levels of 11500 to 11600 where 100 Daily SMA is lying. During the week the index manages to hit a high of 11253 and close the week around the levels of 11226.

Support for the index lies in the zone of 11000 where 500 Daily SMA and channel support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10400 to 10500 where weekly trend-line support for the index is lying.

Resistance for the index lies in the zone of 11300 to 11400 where short term moving averages and 100 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 11800 to 12000 where 200 Daily SMA is lying.

Broad range for the index is seen from 10800 to 10900 on downside to 11500 to 11600 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week that resistance for the index lies in the zone of 11000 where 500 Daily SMA and channel resistance for the index is lying. If the index manages to close above these levels then the index can move to the levels of 11500 to 11600 where 100 Daily SMA is lying. During the week the index manages to hit a high of 11084 and close the week around the levels of 11000.

Support for the index lies in the zone of 10400 to 10500 where weekly trend-line support for the index is lying. If the index manages to close below these levels then the index can witness another round of freefall and next support for the index lies in the zone of 10000.

Resistance for the index lies in the zone of 11000 where 500 Daily SMA and channel resistance for the index is lying. If the index manages to close above these levels then the index can move to the levels of 11500 to 11600 where 100 Daily SMA is lying.

Broad range for the index is seen from 10400 to 10500 on downside to 11200 to 11300 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week that minor resistance for the index is lying in the zone of 11300 where short term moving averages are lying. Resistance for the index lies in the zone of 11500 to 11600 where 100 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 11800 to 12000 where 200 Daily SMA is lying. During the week the index manages to hit a high of 11243 and close the week around the levels of 10918.

Support for the index lies in the zone of 10400 to 10500 where weekly trend-line support for the index is lying. If the index manages to close below this levels then the index can witness another round of freefall and next support for the index lies in the zone of 10000.

Resistance for the index lies in the zone of 11000 where 500 Daily SMA and channel resistance for the index is lying. If the index manages to close above this levels then the index can move to the levels of 11500 to 11600 where 100 Daily SMA is lying.

Broad range for the index is seen from 10400 to 10500 on downside to 11200 to 11300 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed 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 11000 where channel support and 500 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 10500 where weekly trend-line support for the index is lying. During the week the index manages to hit a low of 11079 and close the week around the levels of 11198.

The index has closed around the support zone of 11000 where channel support and 500 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 10500 where weekly trend-line support for the index is lying.

Minor resistance for the index is lying in the zone of 11300 where short term moving averages are lying. Resistance for the index lies in the zone of 11500 to 11600 where 100 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 11800 to 12000 where 200 Daily SMA is lying.

Broad range for the index is seen from 10800 to 11000 on downside to 11500 to 11600 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 5.10%.

As we have mentioned last week that support for the index lies in the zone of 11400 to 11500 where short term moving averages are lying. If the index manages to close below this levels then the index can drift to the levels of 11000 where channel support and 500 Daily SMA is lying. During the week the index manages to hit a low of 10922 and close the week around the levels of 11096.

The index has closed around the support zone of 11000 where channel support and 500 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 10500 where weekly trend-line support for the index is lying.

Resistance for the index lies in the zone of 11500 to 11600 where 100 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 11800 to 12000 where 200 Daily SMA is lying.

Broad range for the index is seen from 10800 to 11000 on downside to 11500 to 11600 on upside.

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

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

 

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA 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 11400 to 11500 where short term moving averages are lying. If the index manages to close above this levels then the index can move to the levels of 11800 to 12000 where a gap which was created by the index on 09/11/2015 are positioned. During the week the index manages to hit a high of 11710 and close the week around the levels of 11704.

Support for the index lies in the zone of 11400 to 11500 where short term moving averages are lying. If the index manages to close below this levels then the index can drift to the levels of 11000 where channel support and 500 Daily SMA is lying.

Resistance for the index lies in the zone of 11800 to 12000 where a gap which was created by the index on 09/11/2015 and 100 Daily SMA are positioned. If the index manages to close above this levels then the index can move to the levels of 12100 to 12200 where 200 Daily SMA is lying.

Broad range for the index is seen from 11400 to 11500 on downside to 12000 to 12100 on upside.

 

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

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

 

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week that resistance for the index lies in the zone of 11500 where short term moving averages are lying. If the index manages to close above this levels then the index can move to the levels of 11800 to 12000 where a gap which was created by the index on 09/11/2015 are positioned. During the week the index manages to hit a high of 11603 and close the week around the levels of 11545.

Support for the index lies in the zone of 11000 where channel support and 500 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 10300.

Resistance for the index lies in the zone of 11400 to 11500 where short term moving averages are lying. If the index manages to close above this levels then the index can move to the levels of 11800 to 12000 where a gap which was created by the index on 09/11/2015 are positioned.

Broad range for the index is seen from 11100 to 11200 on downside to 11800 to 12000 on upside.

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

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

 

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA 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 11500 where short term moving averages are lying. If the index manages to close above this levels then the index can move to the levels of 11800 to 12000 where a gap which was created by the index on 09/11/2015 are positioned. During the week the index manages to hit a high of 11570 and close the week around the levels of 11175.

Support for the index lies in the zone of 11000 where channel support and 500 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 10300.

Resistance for the index lies in the zone of 11500 where short term moving averages are lying. If the index manages to close above this levels then the index can move to the levels of 11800 to 12000 where a gap which was created by the index on 09/11/2015 are positioned.

Broad range for the index is seen from 10900 to 11000 on downside to 11500 to 11700 on upside.

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

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

 

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA 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 11500 where short term moving averages are lying. If the index manages to close above this levels then the index can move to the levels of 11800 to 12000 where a gap which was created by the index on 09/11/2015 are positioned. During the week the index manages to hit a high of 11447 and close the week around the levels of 11343.

Support for the index lies in the zone of 11000 where channel support and 500 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 10300.

Resistance for the index lies in the zone of 11500 where short term moving averages are lying. If the index manages to close above this levels then the index can move to the levels of 11800 to 12000 where a gap which was created by the index on 09/11/2015 are positioned.

Broad range for the index is seen from 10900 to 11000 on downside to 11500 to 11700 on upside.

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

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

 

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 5.20%.

As we have mentioned last week that support for the index lies in the zone of 11500 where short term moving averages are lying. If the index manages to close below this levels then the index can drift to the levels of 11000 to 11200 where channel support for the index is lying in which the index is moving since April – 2015. During the week the index manages to hit a low of 10810 and bounce to close the week around the levels of 11050.

The index has closed around the support zone of 11000 where channel support and 500 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 10300.

Resistance for the index lies in the zone of 11500 where short term moving averages are lying. If the index manages to close above this levels then the index can move to the levels of 11800 to 12000 where a gap which was created by the index on 09/11/2015 are positioned.

Broad range for the index is seen from 10500 to 10700 on downside to 11500 to 11700 on upside.

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

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

 

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA 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 11500 where short term moving averages are lying. If the index manages to close below this levels then the index can drift to the levels of 11000 to 11200 where channel support for the index is lying in which the index is moving since April – 2015. During the week the index manages to hit a low of 11065 and bounce to close the week around the levels of 11665.

Support for the index lies in the zone of 11500 where short term moving averages are lying. If the index manages to close below this levels then the index can drift to the levels of 11000 to 11200 where channel support for the index is lying in which the index is moving since April – 2015.

Resistance for the index lies in the zone of 12000 where a gap which was created by the index on 09/11/2015 are positioned. If the index manages to close above this levels then the index can move to the levels of 12200 where 100 & 200 Daily SMA is lying.

Broad range for the index is seen from 11000 to 11200 on downside to 12000 to 12200 on upside.

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

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

 

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on positive note gaining around 6.0%.

As we have mentioned last week that resistance for the index lies in the zone of 11700 where short term moving averages are positioned. If the index manages to close above this levels then the index can move to the levels 12000 where a gap which was created by the index on 09/11/2015 are positioned. During the week the index manages to hit a 11809 and close around the highest levels.

Support for the index lies in the zone of 11500 where short term moving averages are lying. If the index manages to close below this levels then the index can drift to the levels of 11000 to 11200 where channel support for the index is lying in which the index is moving since April – 2015.

Resistance for the index lies in the zone of 12000 where a gap which was created by the index on 09/11/2015 are positioned. If the index manages to close above this levels then the index can move to the levels of 12200 where 100 & 200 Daily SMA is lying.

Broad range for the index is seen from 11400 to 11600 on downside to 12000 to 12200 on upside.

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

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

 

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA 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 11000 to 11200 where trend-line and channel support for the index is positioned. If the index closes below this levels then the index can drift to the levels of 10700 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the index manages to hit a low of 10825 and bounce to close the week around the levels of 11141.

The index has closed around the strong support zone of 11000 to 11200 where trend-line and channel support for the index is positioned. If the index closes below this levels then the index can drift to the levels of 10700 where 500 Daily SMA and 100 Weekly SMA are positioned.

Resistance for the index lies in the zone of 11700 where short term moving averages are positioned. If the index manages to close above this levels then the index can move to the levels 12000 where a gap which was created by the index on 09/11/2015 are positioned.

Broad range for the index is seen from 10800 to 11000 on downside to 11500 to 11700 on upside.

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

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

 

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 1.90%.

As we have mentioned last week that the index has closed just below the support zone of 11500. If the index close below this levels then the index can drift to the levels of 11000 to 11200 where trend-line and channel support for the index is positioned. During the week the index manages to hit a low of 11121 and close the week around the levels of 11266.

Support for the index lies in the zone of 11000 to 11200 where trend-line and channel support for the index is positioned. If the index closes below this levels then the index can drift to the levels of 10700 where 500 Daily SMA and 100 Weekly SMA are positioned.

Resistance for the index lies in the zone of 11700 where short term moving averages are positioned. If the index manages to close above this levels then the index can move to the levels 12000 where a gap which was created by the index on 09/11/2015 are positioned.

Broad range for the index is seen from 10800 to 11000 on downside to 11500 to 11700 on upside.

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

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

 

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 4.10%.

As we have mentioned last week that the index has closed around strong resistance zone of 12000 where short term moving averages and a gap which was created by the index on 09/11/2015 are positioned. If the index close above this levels then the index can move to the levels of 12500 where 100 & 200 Daily SMA are lying. During the week the index manages to hit a high of 11984 and sold off to close the week around the levels of 11486.

The index has closed just below the support zone of 11500. If the index close below this levels then the index can drift to the levels of 11000 to 11200 where trend-line and channel support for the index is positioned.

Resistance for the index lies in the zone of 11850 where short term moving averages are positioned. If the index manages to close above this levels then the index can move to the levels 12000 where a gap which was created by the index on 09/11/2015 are positioned.

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

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

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

 

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed 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 11800 to 112000 where short term moving averages and a gap which was created by the index on 09/11/2015 are positioned. If the index close above this levels then the index can move to the levels of 12500 where 100 & 200 Daily SMA are lying. During the week the index manages to hit a high of 12091 and close the week around the levels of 11980.

Support for the index lies in the zone of 11500. If the index close below this levels then the index can drift to the levels of 11000 to 11200 where trend-line and channel support for the index is positioned.

The index has closed around strong resistance zone of 12000 where short term moving averages and a gap which was created by the index on 09/11/2015 are positioned. If the index close above this levels then the index can move to the levels of 12500 where 100 & 200 Daily SMA are lying.

Broad range for the index is seen from 11600 to 11700 on downside to 12200 to 12300 on upside.

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

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

 

NIFTY PHARMA:

 

 

NIFTYPHARM

 

 

Nifty PHARMA 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 11800 to 112000 where short term moving averages and a gap which was created by the index on 09/11/2015 are positioned. If the index close above this levels then the index can move to the levels of 12500 where 100 & 200 Daily SMA are lying. During the week the index manages to hit a high of 11883 and close the week around the levels of 11790.

Support for the index lies in the zone of 11500. If the index close below this levels then the index can drift to the levels of 11000 to 11200 where trend-line and channel support for the index is positioned.

The index has closed around strong resistance zone of 11800 to 112000 where short term moving averages and a gap which was created by the index on 09/11/2015 are positioned. If the index close above this levels then the index can move to the levels of 12500 where 100 & 200 Daily SMA are lying.

Broad range for the index is seen from 11500 to 11600 on downside to 12000 to 12100 on upside.

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

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

 

NIFTY PHARMA:

 

 

NIFTYPHARM

 

 

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

As we have mentioned last week that the index has closed around the support zone of 11600. If the index does not manage to close above the levels of 11600 then the index can drift to the levels of 11000 to 11200 where trend-line and channel support for the index is positioned. During the week the index manages to hit a low of 11202 and bounce to close the week around the levels of 11380.

Support for the index lies in the zone of 11500. If the index close below this levels then the index can drift to the levels of 11000 to 11200 where trend-line and channel support for the index is positioned.

Resistance for the index lies in the zone of 11800 to 112000 where short term moving averages and a gap which was created by the index on 09/11/2015 are positioned. If the index close above this levels then the index can move to the levels of 12500 where 100 & 200 Daily SMA are lying.

Broad range for the index is seen from 11300 to 11400 on downside to 11800 to 12000 on upside.

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

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

 

NIFTY PHARMA:

 

 

NIFTYPHARM

 

 

Nifty PHARMA index closed 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 11600. If the index does not manage to close above the levels of 11600 then the index can drift to the levels of 11000 to 11200 where trend-line and channel support for the index is positioned. During the week the index manages to hit a low of 11202 and bounce to close the week around the levels of 11380.

Support for the index lies in the zone of 11000 to 11200 where trend-line and channel support for the index is positioned. If the index close below this levels then the index can drift to the levels of 10500 to 10700 where 500 Daily SMA and 100 Weekly SMA are lying.

Resistance for the index lies in the zone of 11500 to 11600 where short term moving averages are positioned. If the index closes above this levels then the index can move to the levels of 12000 where the index has created a gap on 09/11/2015.

Broad range for the index is seen from 11000 to 11100 on downside to 11600 to 11700 on upside.

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

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

 

NIFTY PHARMA:

 

 

NIFTYPHARM

 

 

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

As we have mentioned last week that Resistance for the index lies in the zone of 11800. If the index closes above this levels then the index can move to the levels of 12000 to 12200 where the index has created the gap on 09/11/2015 on gap down opening. During the week the index manages to hit a high of 11812 and close the week around the levels of 11635.

The index has closed around the support zone of 11600. If the index does not manage to close above the levels of 11600 then the index can drift to the levels of 11000 to 11200 where trend-line and channel support for the index is positioned.

Resistance for the index lies in the zone of 11800. If the index closes above this levels then the index can move to the levels of 12000 to 12200 where the index has created the gap on 09/11/2015 on gap down opening.

The index has formed a Inverted Hammer pattern on weekly charts in a downtrend indicating the exhaustion in selling pressure.

Broad range for the index is seen from 11200 to 11300 on downside to 11800 to 12000 on upside.

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

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

 

NIFTY PHARMA:

 

 

NIFTYPHARM

 

 

Nifty PHARMA index closed the week on negative note losing around 1.0%.

As we have mentioned last week that support for the index lies in the zone of 11600. If the index closes below this levels then the index can drift to the levels of 11000 to 11200 where trend-line and channel support for the index is positioned. During the week the index manages to hit a low of 11497 and close the week around the levels of 11566.

The index has closed below the support zone of 11600. If the index does not manage to close above the levels of 11600 then the index can drift to the levels of 11000 to 11200 where trend-line and channel support for the index is positioned.

Resistance for the index lies in the zone of 11800. If the index closes above this levels then the index can move to the levels of 12000 to 12200 where the index has created the gap on 09/11/2015 on gap down opening. If the index close above this levels then the index can move to the levels of 12500 to 12600 where 100 & 200 Daily SMA are positioned.

Broad range for the index is seen from 11200 to 11300 on downside to 11800 to 12000 on upside.

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

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

 

NIFTY PHARMA:

 

 

NIFTYPHARM

 

 

Nifty PHARMA index closed the week on absolutely flat note.

As we have mentioned last week that support for the index lies in the zone of 11600. If the index closes below this levels then the index can drift to the levels of 11000 to 11200 where trend-line and channel support for the index is positioned. During the week the index manages to hit a low of 11576 and close the week around the levels of 11687.

Support for the index lies in the zone of 11600. If the index closes below this levels then the index can drift to the levels of 11000 to 11200 where trend-line and channel support for the index is positioned.

Resistance for the index lies in the zone of 12000 to 12200 where the index has created the gap on 09/11/2015 on gap down opening. If the index close above this levels then the index can move to the levels of 12500 to 12600 where 100 & 200 Daily SMA are positioned.

The index has formed a Doji pattern on weekly charts in a downtrend indicating the exhaustion in selling pressure.

Broad range for the index is seen from 11200 to 11300 on downside to 12000 to 12200 on upside.

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

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

 

NIFTY PHARMA:

 

 

NIFTYPHARM

 

 

Nifty PHARMA index closed the week on negative note losing around 4.80%.

As we have mentioned last week that the index is very weak and trading below the major long term moving averages. The index has close below the short term upward moving trend-line. If the index does not manage to close above the levels of 12400 then the index can drift to the levels of 11000 where channel support for the index is lying. The index is moving in this channel since the month of April – 2015. During the week the index manages to hit a low of 11600 and close the week around the levels of 11708.

Support for the index lies in the zone of 11600. If the index closes below this levels then the index can drift to the levels of 11000 to 11200 where trend-line and channel support for the index is positioned.

Resistance for the index lies in the zone of 12000 to 12200 where the index has created the gap on 09/11/2015 on gap down opening. If the index close above this levels then the index can move to the levels of 12500 to 12600 where 100 & 200 Daily SMA are positioned.

Broad range for the index is seen from 11200 to 11300 on downside to 12000 to 12200 on upside.

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

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

 

CNX PHARMA:

 

 

CNXPHARMA

 

 

CNX PHARMA index closed the week on negative note losing around 7.0%.

As we have mentioned last week that support for the index lies in the zone of 13000 from where the index has broken out. If the index manages to move below the levels of 13000 on closing basis, then the index can drift to the levels of 12200 to 12500 where 100 and 200 Daily SMA are positioned. During the week the index manages to hit a low of 12205 and close the week at virtually the lowest point.

The index is very weak and trading below the major long term moving averages. The index has close below the short term upward moving trend-line. If the index does not manage to close above the levels of 12400 then the index can drift to the levels of 11000 where channel support for the index is lying. The index is moving in this channel since the month of April – 2015.

Resistance for the index lies in the zone of 12400 to 12600 where 100 & 200 Daily SMA are positioned. If the index manages to close above this levels then the index can move to the levels of 13000 from where the index has sold off.

Broad range for the index is seen from 11600 to 11800 on downside to 12500 to 12700 on upside.

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

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

 

CNX PHARMA:

 

 

CNXPHARMA

 

 

CNX PHARMA index closed the week on negative note losing around 0.7%.

As we have mentioned last week that support for the index lies in the zone of 13000 from where the index has broken out. If the index manages to move below the levels of 13000 on closing basis, then the index can drift to the levels of 12200 to 12500 where 100 and 200 Daily SMA are positioned. During the week the index manages to hit a low of 13030 and close the week around the levels of 13160.

Support for the index lies in the zone of 13000 from where the index has broken out. If the index manages to move below the levels of 13000 on closing basis, then the index can drift to the levels of 12200 to 12500 where 100 and 200 Daily SMA are positioned.

Resistance for the index lies in the zone of 13300 from where the index has sold off earlier. If the index manages to close above the levels of 13300 then the index can move to the levels of 13600 where trend-line joining earlier highs is positioned.

Broad range for the index is seen from 12800 to 13000 on downside to 13500 to 13600 on upside.

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

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

 

CNX PHARMA:

 

 

CNXPHARMA

 

 

CNX PHARMA index closed the week on positive note gaining around 0.5%.

As we have mentioned last week that resistance for the index lies in the zone of 13300 from where the index has sold off earlier. If the index manages to close above the levels of 13300 then the index can move to the levels of 13600 where trend-line joining earlier highs is positioned. During the week the index manages to hit a high of 13490 but could not sustain above the levels of 13300.

Support for the index lies in the zone of 13000 from where the index has broken out. If the index manages to move below the levels of 13000 on closing basis, then the index can drift to the levels of 12200 to 12500 where 100 and 200 Daily SMA are positioned.

Resistance for the index lies in the zone of 13300 from where the index has sold off earlier. If the index manages to close above the levels of 13300 then the index can move to the levels of 13600 where trend-line joining earlier highs is positioned.

The index has form a Shooting star pattern on weekly charts. The index has to close above the levels of 13300 to negate this pattern.

Broad range for the index is seen from 12800 to 13000 on downside to 13600 to 13700 on upside.

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

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

 

CNX PHARMA:

 

 

CNXPHARMA

 

 

CNX PHARMA index closed the week on negative note losing around 0.5%.

As we have mentioned last week that support for the index lies in the zone of 13000 from where the index has broken out. If the index manages to move below the levels of 13000 on closing basis, then the index can drift to the levels of 12200 to 12500 where 100 and 200 Daily SMA are positioned. During the week the index manages to hit a low of 13026 and close the week around the levels of 13204.

Support for the index lies in the zone of 13000 from where the index has broken out. If the index manages to move below the levels of 13000 on closing basis, then the index can drift to the levels of 12200 to 12500 where 100 and 200 Daily SMA are positioned.

Resistance for the index lies in the zone of 13300 from where the index has sold off earlier. If the index manages to close above the levels of 13300 then the index can move to the levels of 13600 where trend-line joining earlier highs is positioned.

Broad range for the index is seen from 12800 to 13000 on downside to 13600 to 13700 on upside.

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

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

 

CNX PHARMA:

 

 

CNXPHARMA

 

 

CNX PHARMA index closed the week on positive note gaining around 1%.

As we have mentioned last week that resistance for the index lies in the zone of 13300 from where the index has sold off earlier. If the index manages to close above the levels of 13300 then the index can move to the levels of 13600 where trend-line joining earlier highs is positioned. During the week the index struggle to hold to the levels of 13300 on closing basis. The index closed the week around the levels of 13270.

Support for the index lies in the zone of 13000 from where the index has broken out. If the index manages to move below the levels of 13000 on closing basis, then the index can drift to the levels of 12200 to 12500 where 100 and 200 Daily SMA are positioned.

Resistance for the index lies in the zone of 13300 from where the index has sold off earlier. If the index manages to close above the levels of 13300 then the index can move to the levels of 13600 where trend-line joining earlier highs is positioned.

Broad range for the index is seen from 12800 to 13000 on downside to 13600 to 13700 on upside.

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

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

 

CNX PHARMA:

 

 

CNXPHARMA

 

 

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

As we have mentioned last week that resistance for the index lies in the zone of 12800 to 13000. If the index manages close above the levels of 13000 the index can move to the levels of 13300 to 13500. The index manages to hit a high of 13183 during the week and closed almost at the highest point of the week.

Support for the index lies in the zone of 12800 from where the index has broken out. If the index manages to move below the levels of 12800 on closing basis, then the index can drift to the levels of 12200 to 12500 where 100 and 200 Daily SMA are positioned.

Resistance for the index lies in the zone of 13300 from where the index has sold off earlier. If the index manages to close above the levels of 13300 then the index can move to the levels of 13600 where trend-line joining earlier highs is positioned.

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

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

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

 

CNX PHARMA:

 

 

CNXPHARMA

 

 

CNX PHARMA index closed the week on positive note gaining around 0.6%.

As we have mentioned last week that support for the index lies in the zone of 12600 where short term moving averages are positioned. Below the levels of 12600 the index can drift to the levels of 12300 where 100 Daily SMA is positioned. During the week the index manages to hit a low of 12482 and bounce to close the week around the levels of 12826.

Resistance for the index lies in the zone of 12800 to 13000. If the index manages close above the levels of 13000 the index can move to the levels of 13300 to 13500.

Support for the index lies in the zone of 12600 where short term moving averages are positioned. If the index manages to move below the levels of 12600 on closing basis, then the index can drift to the levels of 12100 to 12300 where 100 and 200 Daily SMA are positioned.

Broad range for the index is seen from 12400 to 12600 on downside to 13000 to 13300 on upside.

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

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

 

CNX PHARMA:

 

 

CNXPHARMA

 

 

CNX PHARMA index closed the week on positive note gaining more than 3%.

As we have mentioned last week that the resistance for the index lies in the zone of 12600 from where the index has broken down the channel support and the index manages to move above that channel resistance and close the week around the levels of 12750.

Support for the index lies in the zone of 12600 where short term moving averages are positioned. Below the levels of 12600 the index can drift to the levels of 12300 where 100 Daily SMA is positioned.

Resistance for the index lies in the zone of 12800 to 13000. Above the levels of 13000 the index can move to the levels of 13300.

Broad range for the index is seen from 12300 to 12500 on downside to 13000 to 13300 on upside.

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

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

 

CNX PHARMA:

 

CNXPHARMA

 

CNX PHARMA index closed the week on negative note losing more than 1%.

As we have mentioned last week that the index has taken support around the levels of 12500 where short term moving averages and 100 Daily SMA are lying. If the index drifts below the levels of 12500 the index can move to the levels of 12000 where 200 Daily SMA is lying, the index manages to hit a low of 11933 and bounce to the levels of 12325.

The index has broken the channel in which the index was moving since June-2015.

Support for the index lies around the levels of 12000 where 200 Daily SMA is positioned. If the index breaks below this level then the index can drift to the levels of 11200 where trend-line and channel support for the index is lying.

Resistance for the index lies in the zone of 12600 from where the index has broken down the channel support.

Broad range for the index is seen from 11500 to 11800 on downside to 12800 to 13000 on upside.

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

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

 

CNX PHARMA:

 

CNXPHARMA

 

CNX PHARMA index closed the week on negative note losing around 3%.

As we have mentioned last week that if the index manages to close above the levels of 13300 the index can move to the levels of 13700 but the index manages to hit a high of 13251 during the week and sold off to the levels of 12540.

The index has taken support around the levels of 12500 where short term moving averages and 100 Daily SMA are lying. If the index drifts below the levels of 12500 the index can move to the levels of 12000 where 200 Daily SMA is lying.

If the index manages to close above the levels of 13000 where trend-line resistance is positioned then the index can move to the levels of 13500.

Resistance for the index lies in the zone of 13500 to 13750 where trend-line resistance is positioned.

Broad range for the index is seen from 11800 to 12000 on downside to 13000 to 13500 on upside.

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

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

 

CNX PHARMA:

 

CNXPHARMA

 

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

As we have mentioned last week that the index has formed the bearish pattern on daily charts on 20/08/2015 and 21/08/2015 around the upper end of the channel pattern. So next week we can expect the index to consolidate or correct. If the index broke below the levels of 13100 the index can move to the levels of 12500 where the lower end of the upper moving channel is positioned.

During the week the index has taken support around the lower end of the upper moving channel and 100 Daily SMA positioned around the levels of 12300.

This week if the index manages to close above the levels of 13300 the index can move to the levels of 13700.

Support for the index lies in the zone of 12300 to 12500 where short term moving averages and 100 Daily SMA are lying.

Resistance for the index lies in the zone of 13750 where trend-line resistance is positioned.

Broad range for the index is seen from 12300 to 12500 on downside to 13500 to 13700 on upside.

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

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

 

CNX PHARMA:

 

CNXPHARMA

 

CNX PHARMA index closed the week on positive note gaining more than 2%.

As seen from the chart the index has been facing the resistance around the rising channel pattern in which the index is moving since the month of June – 2015.

The index has formed the bearish pattern on daily charts on 20/08/2015 and 21/08/2015 around the upper end of the channel pattern.

So next week we can expect the index to consolidate or correct. If the index manages to close above the levels of 13750 the index can move to the levels of 14000.

If the index broke below the levels of 13100 the index can move to the levels of 12500 where the lower end of the upper moving channel is positioned.

Support for the index lies in the zone of 12500 to 12700 where short term moving averages and 100 Daily SMA are lying.

Resistance for the index lies in the zone of 13750 where trend-line resistance is positioned.

Broad range for the index is seen from 12700 to 13000 on downside to 13800 to 14100 on upside.

CNX Pharma Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for CNX Pharma for the week (August 17, 2015 – August 21, 2015):

 

CNX PHARMA:

 

CNXPHARMA

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

As we have mentioned last week that if the index move above the levels of 12800 the index can move to the levels of 13200 and the index hit a high of 13238 and retraced back to the levels of 13137.

The index has formed a Shooting star pattern on monthly charts in an uptrend. The index has to sustain above the levels of 13200 on closing basis on monthly charts to negate this pattern.

Support for the index lies in the zone of 12500 to 12800 from where the index broke out and short term moving averages are positioned.

Resistance for the index lies in the zone of 13600 where upward moving trend-line is positioned.

Broad range for the index is seen from 12500 to 12700 on downside to 13400 to 13600 on upside.

 

CNX Pharma Outlook for Next Week (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for CNX Pharma for week (August 10, 2015 – August 14, 2015):

 

CNX PHARMA:

 

CNX Pharma

 

 

CNX PHARMA index closed the week on positive note gaining more than 2%.

As we have mentioned last week that if the index manages to move above the resistance zone of 12500 the index can move to the levels of 12800 and index hit a high of 12788 and retraced to the levels of 12620.

The index has formed a Shooting star pattern on monthly charts in an uptrend. The index has to sustain above the levels of 13200 on closing basis on monthly charts to negate this pattern. If the index closes below the levels of 11800 the index can drift to the levels of 11200.

Support for the index lies in the zone of 12300 to 12500 where short term moving averages and 100 Daily SMA are lying.

Resistance for the index lies in the zone of 12800 where trend-line resistance is positioned. Above the levels of 12800 the index can move to the levels of 13200.

Broad range for the index is seen from 12000 to 12200 on downside to 12800 to 13000 on upside.

CNX Pharma Outlook for Next Week (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for CNX Pharma for week (August 03, 2015 – August 07, 2015):

 

CNX PHARMA:

 

CNXPHARMA

CNX PHARMA index closed the week on positive note gaining around 1%.

As we have suggested last week that the support for the index lies in the zone of 11800 to 12000 where 200 Daily SMA is lying and the index hit a low of 11870 and recovered during the week to close at the high of 12362 levels.

The index has formed a Hammer pattern on weekly charts indicating the trend reversal. The index has formed a Shooting star pattern on monthly charts in an uptrend.

The index has to sustain above the levels of 13200 on closing basis on monthly charts to negate this pattern. If the index closes below the levels of 11800 the index can drift to the levels of 11200.

Support for the index lies in the zone of 11800 to 12000 where 200 Daily SMA is lying.

Resistance for the index lies in the zone of 12500 where 100 Daily SMA is lying. Above the levels of 12500 the index can move to the levels of 12800.

Broad range for the index is seen from 11800 to 12000 on downside to 12800 to 13000 on upside.

CNX Pharma Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for CNX Pharma for week (July 27, 2015 – July 31, 2015):

 

CNX PHARMA:

 

CNXPHARMA

CNX PHARMA index closed the week on negative note losing around 7%.

As we have mentioned last week that the resistance for the index lies in the range of 13300 to 13400 where Fibonacci retracement is lying for the entire down move, the index hit a high of 13200 during the week and sold off to the levels of 12180.

On 21/07/2015, Sun Pharma raised the red flag on the earning outlook which spook the pharma sector and the index opened gap down of more than 5%. During the week Lupin the other pharma major disappointed on earnings front and the index could not recover.

The index has closed the week below the 100 Daily SMA which was lying around the levels of 12400.

Support for the index lies in the zone of 11800 to 12000 where 200 Daily SMA is lying.

Resistance for the index lies in the zone of 12500 where short term moving averages and 100 Daily SMA is lying.

Broad range for the index is seen from 11800 to 12000 on downside to 12600 to 12700 on upside.