Tag Archives: CNX Pharma

Nifty Pharma Outlook for the Week (Nov 25, 2019 – Nov 29, 2019)

EquityPandit’s Outlook for NIFTY PHARMA for the week (Nov 25, 2019 – Nov 29, 2019):

NIFTY PHARMA:

NIFTY PHARMA Index closed the week on positive note gaining 346.60 Points 4.49%.

Weekly High: 8,187.10

Weekly Low: 7,750.95

Weekly Close: 8,067.20

niftypharma 25nov

 
Technically on the daily charts we see minor support on the downside for NIFTY PHARMA index lies at 7850 levels, whereas minor resistance on the upside is capped around 8250-8300 levels.

If NIFTY PHARMA index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 7600 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 8400.

Currently NIFTY PHARMA index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 7700 on downside and 8400 on upside.

 

RESISTANCE 2: 8,437

RESISTANCE 1: 8,252

SUPPORT 1: 7,816

SUPPORT 2: 7,565

Nifty Pharma Outlook for the Week (Nov 18, 2019 – Nov 22, 2019)

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

NIFTY PHARMA:

NIFTY PHARMA Index closed the week on negative note losing 66.80 Points 0.86%.

Weekly High: 7,853

Weekly Low: 7,553.05

Weekly Close: 7,720.60

niftypharma 18nov

 

 

Technically on the daily charts we see minor support on the downside for NIFTY PHARMA index lies at 7550 levels, whereas minor resistance on the upside is capped around 7850-7900 levels.

If NIFTY PHARMA index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 7400 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 8100.

Currently NIFTY PHARMA index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 7400 on downside and 8100 on upside.

 
RESISTANCE 2: 8,008

RESISTANCE 1: 7,864

SUPPORT 1: 7,564

SUPPORT 2: 7,408

Nifty Pharma Outlook for the Week (Nov 11, 2019 – Nov 15, 2019)

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

 

NIFTY PHARMA Index closed the week on negative note losing 162.05 Points 2.04%.

Weekly High: 8,061.95

Weekly Low: 7,771

Weekly Close: 7,787.40

niftypharma nov11

NIFTY PHARMA:

 

Technically on the daily charts we see minor support on the downside for NIFTY PHARMA index lies at 7585 levels, whereas minor resistance on the upside is capped around 8060-8100 levels.

If NIFTY PHARMA index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 7450 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 8250.

Currently NIFTY PHARMA index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 7500 on downside and 8100 on upside.

 

WEEKLY PIVOT LEVELS FOR NIFTY PHARMA:

RESISTANCE 2: 8,164

RESISTANCE 1: 7,975

SUPPORT 1: 7,684

SUPPORT 2: 7,582

Nifty Pharma Outlook for the Week (Nov 4, 2019 – Nov 8, 2019)

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

NIFTY PHARMA:

NIFTY PHARMA Index closed the week on positive note gaining 212.90 Points 2.75%.

Weekly High: 7,979.55

Weekly Low: 7,722.25

Weekly Close: 7,949.45

niftypharma 4nov

 

Technically on the daily charts we see minor support on the downside for NIFTY PHARMA index lies at 7700 levels, whereas minor resistance on the upside is capped around 8100-8150 levels.

If NIFTY PHARMA index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 7550 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 8250.

Currently NIFTY PHARMA index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 7700 on downside and 8200 on upside.

RESISTANCE 2: 8,141

RESISTANCE 1: 8,045

SUPPORT 1: 7,787

SUPPORT 2: 7,626

Nifty Pharma Outlook for the Week (Oct 21, 2019 – Oct 25, 2019)

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

NIFTY PHARMA:

NIFTY PHARMA Index closed the week on positive note gaining 329.70 Points 4.53%.

Weekly High: 7,651.95

Weekly Low: 7,281.85

Weekly Close: 7,608.15

niftypharrma 21oct

 

 

 

Technically on the daily charts we see minor support on the downside for NIFTY PHARMA index lies at 7350 levels, whereas minor resistance on the upside is capped around 7775-7800 levels.

If NIFTY PHARMA index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 7150 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 8000.

Currently NIFTY PHARMA index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 7400 on downside and 7900 on upside.

 

RESISTANCE 2: 7,884

RESISTANCE 1: 7,746

SUPPORT 1: 7,376

SUPPORT 2: 7,143

Nifty Pharma Outlook for the Week (Oct 14, 2019 – Oct 18, 2019)

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

NIFTY PHARMA:

 

NIFTY PHARMA Index closed the week on negative note loosing -118.45 Points –1.60%

Weekly High: 7414.15

Weekly Low: 7047.10

Weekly Close: 7248.45

 

niftypharma 14oct

 

RESISTANCE 2: 7,603

RESISTANCE 1: 7,426

SUPPORT 1: 7,058

SUPPORT 2: 6,869

 

Technically on the daily charts we see minor support on the downside for NIFTY PHARMA index lies at 7000 levels, whereas minor resistance on the upside is capped around 7450-7500 levels.

If NIFTY PHARMA index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 6850 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 7750.

Currently NIFTY PHARMA index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 7000 on downside and 7550 on upside.

Nifty Pharma Outlook for the Week (Oct 7, 2019 – Oct 11, 2019)

EquityPandit’s Outlook for NIFTY PHARMA for the week (Oct 7, 2019 – Oct 11, 2019):

NIFTY PHARMA Index closed the week on negative note loosing -239.75 Points -3.03%

Weekly High: 7692.95

Weekly Low: 7323.30

Weekly Close: 7396.90

niftypharma 7oct

 

RESISTANCE 2: 7,840

RESISTANCE 1: 7,618

SUPPORT 1: 7,249

SUPPORT 2: 7,101

 

Technically on the daily charts we see minor support on the downside for NIFTY PHARMA index lies at 7250 levels, whereas minor resistance on the upside is capped around 7650-7700 levels.

If NIFTY PHARMA index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 7100 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 7850.

Currently NIFTY PHARMA index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 7100 on downside and 7700 on upside.

Nifty Pharma Outlook for the Week (Sept 30, 2019 – Oct 5, 2019)

EquityPandit’s Outlook for NIFTY PHARMA for the week (Sept 30, 2019 – Oct 5, 2019):

NIFTY PHARMA:

NIFTY PHARMA Index closed the week on negative note loosing -239.75 Points -3.03%

Weekly High: 8073.70

Weekly Low: 7683.25

Weekly Close: 7695.30

niftypharam 30sept

RESISTANCE 2: 8,207

RESISTANCE 1: 7,951

SUPPORT 1: 7,561

SUPPORT 2: 7,426

Technically on the daily charts we see minor support on the downside for NIFTY PHARMA index lies at 7550 levels, whereas minor resistance on the upside is capped around 7975-8025 levels.

If NIFTY PHARMA index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 7350 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 8200.

Currently NIFTY PHARMA index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 7400 on downside and 8100 on upside.

Nifty Pharma Outlook for the Week (Sept 23, 2019 – Sept 27, 2019)

EquityPandit’s Outlook for NIFTY PHARMA for the week (Sept 23, 2019 – Sept 27, 2019):

NIFTY PHARMA:

NIFTY PHARMA Index closed the week on negative note loosing -49.50 Points -0.62%

Weekly High: 8119.40

Weekly Low: 7745.55

Weekly Close: 7983.55

NIFTY PHARMA

 

RESISTANCE 2: 8,323

RESISTANCE 1: 8,153

SUPPORT 1: 7,779

SUPPORT 2: 7,575

 
Technically on the daily charts we see minor support on the downside for NIFTY PHARMA index lies at 7755 levels, whereas minor resistance on the upside is capped around 8150-8175 levels.

If NIFTY PHARMA index breaches minor support on the downside and closes below it we may see fresh break down and index can drag towards major support on lower side around 7550 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 8350.

Currently NIFTY PHARMA index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 7600 on downside and 8200 on upside.

Nifty Pharma Outlook for the Week (Sept 17, 2019 – Sept 21, 2019)

EquityPandit’s Outlook for NIFTY PHARMA for the week (Sept 17, 2019 – Sept 21, 2019):

NIFTY PHARMA:

PHARMA NIFTY

NIFTY PHARMA Index closed the week on negative note loosing -35.70 Points -0.44%

Weekly High: 8168.50

Weekly Low: 7974.65

Weekly Close: 8033.05

 
RESISTANCE 2: 8253

RESISTANCE 1: 8143

SUPPORT 1: 7949

SUPPORT 2: 7865

 
Technically on the daily charts we see minor support on the downside for NIFTY PHARMA index lies at 7800 levels, whereas minor resistance on the upside is capped around 8200-8250 levels.

If NIFTY PHARMA index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 7550 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 8400.

Currently NIFTY PHARMA index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 8400on upside and 7550 on downside.

Nifty Pharma Outlook for the Week (Sept 9, 2019 – Sept 13, 2019)

EquityPandit’s Outlook for NIFTY PHARMA for the week (Sept 9, 2019 – Sept 13, 2019):

NIFTY PHARMA:

PHARMA NIFTY

NIFTY PHARMA Index closed the week on negative note loosing -3.30 Points -0.04%

Weekly High: 8104.70

Weekly Low: 7768

Weekly Close: 8068.75

 
RESISTANCE 2: 8317

RESISTANCE 1: 8193

SUPPORT 1: 7856

SUPPORT 2: 7644

 
Technically on the daily charts we see minor support on the downside for NIFTY PHARMA index lies at 7800 levels, whereas minor resistance on the upside is capped around 8200-8250 levels.

If NIFTY PHARMA index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 7550 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 8400.

Currently NIFTY PHARMA index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 8400on upside and 7550 on downside.

Nifty Pharma Outlook for the Week (Sept 2, 2019 – Sept 6, 2019)

EquityPandit’s Outlook for NIFTY PHARMA for the week (Sept 2, 2019 – Sept 6, 2019):

NIFTY PHARMA:

niftypharma

NIFTY PHARMA Index closed the week on positive note gaining +291.50 Points +3.75%

Weekly High: 8112.55

Weekly Low: 7690.75

Weekly Close: 8072.05

 
RESISTANCE 2: 8390

RESISTANCE 1: 8226

SUPPORT 1: 7804

SUPPORT 2: 7537

 
Technically on the daily charts we see minor support on the downside for NIFTY PHARMA index lies at 7800 levels, whereas minor resistance on the upside is capped around 8200-8250 levels.

If NIFTY PHARMA index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 7550 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 8400.

Currently NIFTY PHARMA index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 8400on upside and 7550 on downside.

Nifty Pharma Outlook for the Week (Aug 26, 2019 – Aug 30, 2019)

EquityPandit’s Outlook for NIFTY PHARMA for the week (Aug 26, 2019 – Aug 30, 2019):

NIFTY PHARMA:

 

PHARMA NIFTY

 

NIFTY PHARMA Index closed the week on positive note gaining +96.25 Points +1.25%

Weekly High: 7851.51

Weekly Low: 7554.70

Weekly Close: 7780.55

 
RESISTANCE 2: 8026

RESISTANCE 1: 7903

SUPPORT 1: 7606

SUPPORT 2: 7432

 
Technically on the daily charts we see minor support on the downside for NIFTY PHARMA index lies at 7550 levels, whereas minor resistance on the upside is capped around 8000-8050 levels.

If NIFTY PHARMA index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 7300 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 8200.

Currently NIFTY PHARMA index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 8200on upside and 7300 on downside.

 

Nifty Pharma Outlook for the Week (Aug 19, 2019 – Aug 23, 2019)

EquityPandit’s Outlook for NIFTY PHARMA for the week (Aug 19, 2019 – Aug 23, 2019):

NIFTY PHARMA:

 

PHARMA NIFTY

 

NIFTY PHARMA Index closed the week on negative note loosing -239.75 Points -3.03%

Weekly High: 7984.85

Weekly Low: 7550.50

Weekly Close: 7684.30

 
RESISTANCE 2: 8174

RESISTANCE 1: 7929

SUPPORT 1: 7495

SUPPORT 2: 7306

 

 

Technically on the daily charts we see minor support on the downside for NIFTY PHARMA index lies at 7550 levels, whereas minor resistance on the upside is capped around 7750-7800 levels.

If NIFTY PHARMA index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 7300 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 8000.

Currently NIFTY PHARMA index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 8000 on upside and 7300 on downside.

Nifty Pharma Outlook for the Week (Aug 12, 2019 – Aug 16, 2019)

EquityPandit’s Outlook for NIFTY PHARMA for the week (Aug 12, 2019 – Aug 16, 2019):

NIFTY PHARMA:

 

PHARMA NIFTY

 

NIFTY PHARMA Index closed the week on positive note gaining +55.85 Points +0.71%

Weekly High: 8049.10

Weekly Low: 7735.05

Weekly Close: 7924.05

 
RESISTANCE 2: 8217

RESISTANCE 1: 8070

SUPPORT 1: 7756

SUPPORT 2: 7589

 
Technically on the daily charts we see minor support on the downside for NIFTY PHARMA index lies at 7800 levels, whereas minor resistance on the upside is capped around 8150-8200 levels.

If NIFTY PHARMA index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 7600 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 8400.

Currently NIFTY PHARMA index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 8400on upside and 7600 on downside.

Nifty Pharma Outlook for the Week (Aug 05, 2019 – Aug 09, 2019)

EquityPandit’s Outlook for NIFTY PHARMA for the week (Aug 05, 2019 – Aug 09, 2019):

NIFTY PHARMA:

 

PHARMA NIFFTY

 

NIFTY PHARMA Index closed the week on negative note loosing -310.70 Points –3.80%

Weekly High: 8205.25

Weekly Low: 7781.85

Weekly Close: 7868.20

 

RESISTANCE 2: 8375

RESISTANCE 1: 8122

SUPPORT 1: 7698

SUPPORT 2: 7528

 

Technically on the daily charts we see minor support on the downside for NIFTY PHARMA index lies at 7800 levels, whereas minor resistance on the upside is capped around 8050-8000 levels.

If NIFTY PHARMA index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 7600 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 8250.

Currently NIFTY PHARMA index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 8250on upside and 7600 on downside.

Nifty Pharma Outlook for the Week (July 22, 2019 – July 26, 2019)

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

NIFTY PHARMA:

 

NIFTY PHARMA

 

NIFTY PHARMA Index closed the week on negative note loosing –104.2 Points –1.28%

Weekly High: 8363.75

Weekly Low: 8029.95

Weekly Close: 8040.10

 

RESISTANCE 2: 8478

RESISTANCE 1: 8259

SUPPORT 1: 7925

SUPPORT 2: 7811
Technically on the daily charts we see minor support on the downside for NIFTY PHARMA index lies at 7950 levels, whereas minor resistance on the upside is capped around 8100-8110 levels.

If NIFTY PHARMA index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 7800 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 8200.

Currently NIFTY PHARMA index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 8200on upside and 7800 on downside.

Nifty Pharma Outlook for the Week (July 15, 2019 – July 19, 2019)

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

NIFTY PHARMA:

 

NIFTY PHARMA

 

NIFTY PHARMA Index closed the week on positive note gaining 217.80 Points +2.75%

Weekly High: 8189

Weekly Low: 7791.10

Weekly Close: 8144.30

 

RESISTANCE 2: 8439

RESISTANCE 1: 8292

SUPPORT 1: 7894

SUPPORT 2: 7644
Technically on the daily charts we see minor support on the downside for NIFTY PHARMA index lies at 8050 levels, whereas minor resistance on the upside is capped around 8190-8200 levels.

If NIFTY PHARMA index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 7950 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 8300.

Currently NIFTY PHARMA index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 8300on upside and 7950 on downside.

Nifty Pharma Outlook for the Week (July 8, 2019 – July 12, 2019)

EquityPandit’s Outlook for NIFTY PHARMA for the week (July 8, 2019 – July 12, 2019):

NIFTY PHARMA:

 

nifty pharma

 

NIFTY PHARMA Index closed the week on negative note losing –138.65 Points –1.72%%

Weekly High: 8198.30

Weekly Low: 7911.20

Weekly Close: 7926.50

—————————————–

RESISTANCE 2: 8299

RESISTANCE 1: 8113

SUPPORT 1: 7826

SUPPORT 2: 7725

—————————————–

Technically on the daily charts we see minor support on the downside for NIFTY PHARMA index lies at 7850 levels, whereas minor resistance on the upside is capped around 8000-8020 levels.

If NIFTY PHARMA index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 7750 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 8200

Currently NIFTY PHARMA index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 8200on upside and 7750 on downside.

Nifty Pharma Outlook for the Week (July 1, 2019 – July 5, 2019)

EquityPandit’s Outlook for NIFTY PHARMA for the week (July 1, 2019 – July 5, 2019):

NIFTY PHARMA:

 

nifty pharma

 

NIFTY PHARMA Index closed the week on positive note losing +153.60 Points +1.94%

Weekly High: 8202.65

Weekly Low: 7847.10

Weekly Close: 8065.15
——————————

RESISTANCE 2: 8393

RESISTANCE 1: 8229

SUPPORT 1: 7873

SUPPORT 2: 7682

——————————
Technically on the daily charts we see minor support on the downside for NIFTY PHARMA index lies at 8000 levels, whereas minor resistance on the upside is capped around 8200– 8250 levels.

If NIFTY PHARMA index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 7850 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 8400

Currently NIFTY PHARMA index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 8400 on upside and 7850 on downside.

Nifty Pharma Outlook for the Week (June 24, 2019 – June 28, 2019)

EquityPandit’s Outlook for NIFTY PHARMA for the week (June 24, 2019 – June 28, 2019):

NIFTY PHARMA:

 

NIFTYPHARMA

 
NIFTY PHARMA Index closed the week on negative note losing –172 Points –2.13%

Technically on the daily charts we see minor support on the downside for index lies at 7700 levels, whereas minor resistance on the upside is capped around 8260 levels.

If Nifty Phamra Index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 7350 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 8550

Currently Nifty Pharma Index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 8550 on upside and 7350 on downside.

Nifty Pharma Outlook for the Week (June 17, 2019 – June 21, 2019)

EquityPandit’s Outlook for NIFTY PHARMA for the week (June 17, 2019 – June 21, 2019):

NIFTY PHARMA:

 

NIFTYPHARMA

 
NIFTY PHARMA Index closed the week on negative note losing –96.05 Points –1.17%

Technically on the daily charts we see minor support on the downside for index lies at 7955 levels, whereas minor resistance on the upside is capped around 8245 levels.

If Nifty Phamra Index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 7700 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 8605

Currently Nifty Pharma Index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 8605 on upside and 7700 on downside.

 

Nifty Pharma Outlook for the Week (June 10, 2019 – June 14, 2019)

EquityPandit’s Outlook for NIFTY PHARMA for the week (June 10, 2019 – June 14, 2019):

NIFTY PHARMA:

 

NIFTYPHARMA

 

 
NIFTY PHARMA Index closed the week on negative note losing –295.10 Points –3.48%

Technically on the daily charts we see minor support on the downside for index lies at 8100– 8150 levels, whereas minor resistance on the upside is capped around 8300– 8200 levels.

If Nifty Phamra Index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 7900– 7800 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 8500– 8600

Currently Nifty Pharma Index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 8500– 8600 on upside and 7900– 7800 on downside.

Nifty Pharma Outlook for the Week (June 01, 2019 – June 07, 2019)

EquityPandit’s Outlook for NIFTY PHARMA for the week (June 01, 2019 – June 07, 2019):

NIFTY PHARMA:

 

NIFTYPHARMA

 
NIFTY PHARMA Index closed the week on negative note losing –153.35 Points –1.78%

Technically on the daily charts we see minor support on the downside for index lies at 8200- 8150 levels, whereas minor resistance on the upside is capped around 8600– 8650 levels.

If Nifty Phamra Index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 7900– 7800 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 8800– 8850

Currently Nifty Pharma Index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 8800– 8850 on upside and 7900– 7800 on downside.

Nifty Pharma Outlook for the Week (May 27, 2019 – May 31,2019)

EquityPandit’s Outlook for NIFTY PHARMA for the week (May 27, 2019 – May 31,2019)

NIFTY PHARMA:

 

NIFTYPHARMA

 
NIFTY PHARMA Index closed the week on positive note gaining +159.50 Points +1.89%

Weekly High: 8725.80

Weekly Low: 8387.90

Weekly Close: 8608.45

Technically on the daily charts we see minor support on the downside for index lies at 8200- 8150 levels, whereas minor resistance on the upside is capped around 8700– 8750 levels.

If Nifty Phamra Index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 7700– 7750 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 8900– 9000

Currently Nifty Pharma Index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 8900– 9000 on upside and 7700– 7750 on downside.

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

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

NIFTY PHARMA:

 

NIFTYPHARMA

 

NIFTY PHARMA Index closed the week on negative note losing -275.85 Points -2.99%

Weekly High: 9419.7

Weekly Low: 8881.6

Weekly Close: 8944.60

Nifty Pharma index has see sharp sell off last week and index broke important support levels of 100 and 200 days exponential moving averages. Nifty Pharma may find support on the lower side around trend line support levels around 8700– 8720, as can be seen from the above chart. If index does not hold levels of 8700 we may selling pressure building in Pharma sector.

Technically on the daily charts we see minor support on the downside for index lies at 8890– 8900 levels, whereas minor resistance on the upside is capped around 9070– 9100 levels.

If Nifty Phamra Index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 8600– 8615 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 9250– 9270

Currently Nifty Pharma Index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 9250– 9270 on upside and 8600– 8615 on downside.

Nifty Pharma Outlook for the Week (May 06, 2019 – May 10,2019)

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

NIFTY PHARMA:

 

NIFTYPHARMA

 
NIFTY PHARMA Index closed the week on negative note losing -238.55 Points -2.52%

Weekly High: 9578.4

Weekly Low: 9193.05

Weekly Close: 9220.45

Technically on the daily charts we see minor support on the downside for index lies at 9150– 9100 levels, whereas minor resistance on the upside is capped around 9300– 9350 levels.

If Nifty Phamra Index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 9000– 8900 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 9400– 9500

Currently Nifty Pharma Index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 9400– 9500 on upside and 9000– 8900 on downside.

Nifty Pharma Outlook for the Week (April 29,2019 – May 03,2019)

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

NIFTY PHARMA:

 

NIFTYPHARMA

 

NIFTY PHARMA Index closed the week on positive note gaining +51.80 Points +0.55%

Weekly High: 9578.40

Weekly Low: 9260.95

Weekly Close: 9461.70

Nifty Pharma is trading in a classical technical upward channel pattern. Technically on the daily charts we see minor support on the downside for index lies at 9600- 9650 levels, whereas minor resistance on the upside is capped around 9400- 9450 levels.

If Nifty Phamra index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 9100- 9150 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 9800- 9850

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

EquityPandit’s analyst predicts range for the week is seen from 9800-9850 on upside and 9100-9150 on downside.

Nifty Pharma Outlook for the Week (April 22,2019 – April 26,2019)

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

NIFTY PHARMA:

 

NIFTYPHARMA

 

NIFTY PHARMA Index closed the week on positive note gaining +2.00 Points +0.02%

Weekly High: 9474.1

Weekly Low: 9338.65

Weekly Close: 9409.90

Nifty pharma is trading in a classical technical upward channel pattern. Technically on the daily charts we see minor support on the downside for index lies at 9100 -9150 levels, whereas minor resistance on the upside is capped around 9500- 9550 levels.

If Nifty PHARMA index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 8800-8900 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 9900- 10000

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

EquityPandit’s analyst predicts range for the week is seen from 9900- 10000 on upside and 8800-8900 on downside.

Nifty Pharma Outlook for the Week (April 15, 2019 – April 19, 2019)

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

NIFTY PHARMA:

 

NIFTYPHARMA

 

NIFTY PHARMA Index closed the week on positive note gaining +154.90 Points +1.67%

Weekly High: 9520.3

Weekly Low: 9207.45

Weekly Close: 9426.45

Nifty pharma is trading in a classical technical upward channel pattern. Technically on the daily charts we see minor support on the downside for index lies at 9100 -9150 levels, whereas minor resistance on the upside is capped around 9500- 9550 levels.

If Nifty PHARMA index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 8800-8900 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 9900- 10000

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

EquityPandit’s analyst predicts range for the week is seen from 9900- 10000 on upside and 8800-8900 on downside.

Nifty Pharma Outlook for the Week (April 08, 2019 – April 12, 2019)

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

NIFTY PHARMA:

 

NIFTYPHARMA

 

NIFTY PHARMA Index closed the week on negative note gaining -75 Points (-0.80%).

Weekly High: 9425.95

Weekly Low: 9163.50

Weekly Close: 9271.55

Nifty pharma has stiff resistance zone of 9350- 9650 levels, Once sustains above these levels we may see huge buying attraction, Technically on the daily charts we see minor support on the downside for index lies at 9100 -9150 levels, whereas minor resistance on the upside is capped around 9600- 9650levels.

If Nifty PHARMA index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 8800-8900 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 9900- 10000

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

EquityPandit’s analyst predicts range for the week is seen from 9900- 10000 on upside and 8800-8900 on downside.

Nifty Pharma Outlook for the Week (April 01, 2019 – April 05, 2019)

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

NIFTY PHARMA:

 

NIFTYPHARMA

NIFTY PHARMA Index closed the week on positive note gaining +147.20 Points (+1.60%).

Weekly High: 9366.65

Weekly Low: 9081.55

Weekly Close: 9346.55

Nifty pharma has stiff resistance zone of 9350- 9650 levels, Once sustains above these levels we may see huge buying attraction, Technically on the daily charts we see minor support on the downside for index lies at 9100 -9150 levels, whereas minor resistance on the upside is capped around 9600- 9650 levels.

If Nifty PHARMA index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 8800-8900 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 9900- 10000

Currently Nifty PHARMA index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 9900- 10000 on upside and 8800-8900 on downside.

 

Nifty Pharma Outlook for the Week (Mar 25, 2019 – Mar 29, 2019)

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

NIFTY PHARMA:

 

NIFTYPHARMA

 

NIFTY PHARMA Index closed the week on positive note gaining +14.45 Points (+0.16%).

Weekly High: 9338.3

Weekly Low: 9133.8

Weekly Close: 9199.35

Nifty pharma has stiff resistance zone of 9500- 10000 levels, Once sustains above these levels we may see huge buying attraction, Technically on the daily charts we see minor support on the downside for index lies at 8900- 8800 levels, whereas minor resistance on the upside is capped around 9400- 9500 levels.

If Nifty PHARMA index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 8500- 8400 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 9900- 10000

Currently Nifty PHARMA index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 9900- 10000 on upside and 8500- 8400 on downside.

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

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

NIFTY PHARMA:

 

NIFTYPHARMA

 

NIFTY PHARMA Index closed the week on positive note gaining +199.90 Points (+2.22%).

Weekly High: 9345.10

Weekly Low: 9007.80

Weekly Close: 9221.75

We have seen some buying attraction last week in nifty pharma index, index settled 2.22% up, Technically on the daily charts we see minor support on the downside for index lies at 8900- 8800 levels, whereas minor resistance on the upside is capped around 9400- 9500 levels.

If Nifty PHARMA index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 8500- 8400 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 9900- 10000

Currently Nifty PHARMA index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 9900- 10000 on upside and 8500- 8400 on downside.

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

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

NIFTY PHARMA:

 

Nifty Pharma

 
NIFTY PHARMA Index closed the week on positive note gaining 137 Points (+1.54%).

Weekly High: 9209.15

Weekly Low: 8882.20

Weekly Close: 9021.85

Technically on the daily charts we see minor support on the downside for index lies at 8900- 8800 levels, where as minor resistance on the upside is capped around 9400- 9500 levels.

If Nifty PHARMA index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 8500- 8400 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 9900- 10000

Currently Nifty PHARMA index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 9900- 10000 on upside and 8500- 8400 on downside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that minor support for the index lies around 8600 to 8700. Support for the index lies in the zone of 8400 to 8500 where the index has formed a bottom in the month of December-2018. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8300. During the week the index manages to hit a low of 8659 and close the week around the levels of 8973.

Minor support for the index lies around 8700 to 8800. Support for the index lies in the zone of 8500 to 8600 where the index has formed a bottom in the month of January-2019. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8300 where low for the month of February-2019 is lying.

Resistance for the index lies in the zone of 9000 to 9100 where high for the month of January-2019 & February-2019 and long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9200 to 9300 where Fibonacci levels are lying.

Broad range for the index is seen from 8600 to 8700 on downside & 9200 to 9300 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that minor resistance for the index lies around 8700 to 8800. Resistance for the index lies in the zone of 8900 to 9000 from where the index has broken down from October-2018 and November-2018 lows. If the index manages to close above these levels then the index can move to the levels of 9100 to 9200 where Fibonacci levels and long term moving averages are lying. During the week the index manages to hit a high of 8778 and close the week around the levels of 8773.

Minor support for the index lies around 8600 to 8700. Support for the index lies in the zone of 8400 to 8500 where the index has formed a bottom in the month of December-2018. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8300.

Resistance for the index lies in the zone of 8800 to 8900 from where the index has broken down 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 9100 to 9200 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen from 8400 to 8500 on downside & 9000 to 9100 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that minor support for the index lies around 8750 to 8800. Support for the index lies in the zone of 8400 to 8500 where the index has formed a bottom in the month of December-2018. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8300. During the week the index manages to hit a low of 8252 and close the week around the levels of 8643.

Support for the index lies in the zone of 8400 to 8500 where the index has formed a bottom in the month of December-2018. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8300.

Minor resistance for the index lies around 8700 to 8800. Resistance for the index lies in the zone of 8900 to 9000 from where the index has broken down from October-2018 and November-2018 lows. If the index manages to close above these levels then the index can move to the levels of 9100 to 9200 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen from 8300 to 8400 on downside & 8900 to 9000 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that minor support for the index lies around 8750 to 8800. Support for the index lies in the zone of 8400 to 8500 where the index has formed a bottom in the month of December-2018. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8300. During the week the index manages to hit a low of 8703 and close the week around the levels of 8984.

Minor support for the index lies around 8750 to 8800. Support for the index lies in the zone of 8400 to 8500 where the index has formed a bottom in the month of December-2018. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8300.

Resistance for the index lies in the zone of 8900 to 9000 from where the index has broken down from October-2018 and November-2018 lows. If the index manages to close above these levels then the index can move to the levels of 9100 to 9200 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen from 8600 to 8700 on downside & 9100 to 9200 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 8900 to 9000 from where the index has broken down from October-2018 and November-2018 lows. If the index manages to close above these levels then the index can move to the levels of 9200 to 9300 where Fibonacci levels and long term moving averages are lying. During the week the index manages to hit a high of 8992 and close the week around the levels of 8969.

Minor support for the index lies around 8750 to 8800. Support for the index lies in the zone of 8400 to 8500 where the index has formed a bottom in the month of December-2018. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8300.

Resistance for the index lies in the zone of 8900 to 9000 from where the index has broken down from October-2018 and November-2018 lows. If the index manages to close above these levels then the index can move to the levels of 9100 to 9200 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen from 8600 to 8700 on downside & 9100 to 9200 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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 around 8700 to 8750. Resistance for the index lies in the zone of 8900 to 9000 from where the index has broken down from October-2018 and November-2018 lows. If the index manages to close above these levels then the index can move to the levels of 9200 to 9300 where Fibonacci levels and long term moving averages are lying. During the week the index manages to hit a high of 9001 and close the week around the levels of 8891.

Minor support for the index lies around 8700 to 8750. Support for the index lies in the zone of 8400 to 8500 where the index has formed a bottom in the month of December-2018. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8300.

Resistance for the index lies in the zone of 8900 to 9000 from where the index has broken down from October-2018 and November-2018 lows. If the index manages to close above these levels then the index can move to the levels of 9200 to 9300 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen from 8500 to 8600 on downside & 9100 to 9200 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 8900 to 9000 from where the index has broken down from October-2018 and November-2018 lows. If the index manages to close above these levels then the index can move to the levels of 9200 to 9300 where Fibonacci levels and long term moving averages are lying. During the week the index manages to hit a high of 9098 and close the week around the levels of 8648.

Support for the index lies in the zone of 8400 to 8500 where the index has formed a bottom in the month of December-2018. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8300.

Minor resistance for the index lies around 8700 to 8750. Resistance for the index lies in the zone of 8900 to 9000 from where the index has broken down from October-2018 and November-2018 lows. If the index manages to close above these levels then the index can move to the levels of 9200 to 9300 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen from 8400 to 8500 on downside & 8800 to 8900 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 8900 to 9000 from where the index has broken down from October-2018 and November-2018 lows. If the index manages to close above these levels then the index can move to the levels of 9200 to 9300 where Fibonacci levels and long term moving averages are lying. During the week the index manages to hit a high of 8969 and close the week around the levels of 8902.

Minor support for the index lies around 8800 to 8830. Support for the index lies in the zone of 8600 to 8700 from where the index broke out in the month of June-2018. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8300.

Resistance for the index lies in the zone of 8900 to 9000 from where the index has broken down from October-2018 and November-2018 lows. If the index manages to close above these levels then the index can move to the levels of 9200 to 9300 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen from 8600 to 8700 on downside & 9100 to 9200 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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 8900 to 9000 from where the index has broken down from October-2018 and November-2018 lows. If the index manages to close above these levels then the index can move to the levels of 9200 to 9300 where Fibonacci levels and long term moving averages are lying. During the week the index manages to hit a high of 8930 and close the week around the levels of 8788.

Support for the index lies in the zone of 8600 to 8700 from where the index broke out in the month of June-2018. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8300.

Resistance for the index lies in the zone of 8900 to 9000 from where the index has broken down from October-2018 and November-2018 lows. If the index manages to close above these levels then the index can move to the levels of 9200 to 9300 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen from 8500 to 8600 on downside & 9100 to 9200 on upside.

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

EquityPandit’s Outlook for NIFTY Pharma for the week  (Dec 31, 2018 – Jan 04, 2019) :  

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that support for the index lies in the zone of 8600 to 8700 from where the index broke out in the month of June-2018. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8300. During the week the index manages to hit a low of 8549 and close the week around the levels of 8814.

Support for the index lies in the zone of 8600 to 8700 from where the index broke out in the month of June-2018. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8300.

Resistance for the index lies in the zone of 8900 to 9000 from where the index has broken down from October-2018 and November-2018 lows. If the index manages to close above these levels then the index can move to the levels of 9200 to 9300 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen from 8500 to 8600 on downside & 9100 to 9200 on upside.

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

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

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 8900 to 9000 from where the index has broken down from October-2018 and November-2018 lows. If the index manages to close above these levels then the index can move to the levels of 9200 to 9300 where Fibonacci levels and long term moving averages are lying. During the week the index manages to hit a high of 8914 and close the week around the levels of 8774.

Support for the index lies in the zone of 8600 to 8700 from where the index broke out in the month of June-2018. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8300.

Resistance for the index lies in the zone of 8900 to 9000 from where the index has broken down from October-2018 and November-2018 lows. If the index manages to close above these levels then the index can move to the levels of 9200 to 9300 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen from 8300 to 8400 on downside & 8900 to 9000 on upside.

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

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

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 8900 to 9000 from where the index has broken down from October-2018 and November-2018 lows. If the index manages to close above these levels then the index can move to the levels of 9200 to 9300 where Fibonacci levels and long term moving averages are lying. During the week the index manages to hit a high of 8870 and close the week around the levels of 8726.

Support for the index lies in the zone of 8600 to 8700 from where the index broke out in the month of June-2018. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8300.

Resistance for the index lies in the zone of 8900 to 9000 from where the index has broken down from October-2018 and November-2018 lows. If the index manages to close above these levels then the index can move to the levels of 9200 to 9300 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen from 8300 to 8400 on downside & 8900 to 9000 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 6.40%.

As we have mentioned last week, that support for the index lies in the zone of 9000 to 9100 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8700 from where the index broke out in the month of June-2018. During the week the index manages to hit a low of 8642 and close the week around the levels of 8683.

Support for the index lies in the zone of 8600 to 8700 from where the index broke out in the month of June-2018. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8300.

Resistance for the index lies in the zone of 8900 to 9000 from where the index has broken down from October-2018 and November-2018 lows. If the index manages to close above these levels then the index can move to the levels of 9200 to 9300 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen from 8300 to 8400 on downside & 8900 to 9000 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that support for the index lies in the zone of 9100 to 9200 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8700 from where the index broke out in the month of June-2018. During the week the index manages to hit a low of 8966 and close the week around the levels of 9276.

Support for the index lies in the zone of 9000 to 9100 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8700 from where the index broke out in the month of June-2018.

Minor resistance for the index lies in the zone of 9400 to 9500. Resistance for the index lies in the zone of 9700 to 9800 where high for the month of November-2018 is 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 are lying.

Broad range for the index is seen from 8900 to 9000 on downside & 9500 to 9600 on upside.

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

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

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 9100 to 9200 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8700 from where the index broke out in the month of June-2018. During the week the index manages to hit a low of 9201 and close the week around the levels of 9302.

Support for the index lies in the zone of 9100 to 9200 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8700 from where the index broke out in the month of June-2018.

Minor resistance for the index lies in the zone of 9500 to 9600. Resistance for the index lies in the zone of 9850 to 9950 from where the index broke down from September-2018 low and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10200 to 10300 where Fibonacci levels are lying.

Broad range for the index is seen from 9000 to 9100 on downside & 9600 to 9700 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 9300 to 9400. Support for the index lies in the zone of 9100 to 9200 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8700 from where the index broke out in the month of June-2018. During the week the index manages to hit a low of 9153 and close the week around the levels of 9301.

Support for the index lies in the zone of 9100 to 9200 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8700 from where the index broke out in the month of June-2018.

Minor resistance for the index lies in the zone of 9500 to 9600. Resistance for the index lies in the zone of 9850 to 9950 from where the index broke down from September-2018 low and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10200 to 10300 where Fibonacci levels are lying.

Broad range for the index is seen from 9000 to 9100 on downside & 9600 to 9700 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 9300 to 9400. Support for the index lies in the zone of 9100 to 9200 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8700 from where the index broke out in the month of June-2018. During the week the index manages to hit a low of 9369 and close the week around the levels of 9644.

Minor support for the index lies in the zone of 9300 to 9400. Support for the index lies in the zone of 9100 to 9200 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8700 from where the index broke out in the month of June-2018.

Minor resistance for the index lies in the zone of 9600 to 9700. Resistance for the index lies in the zone of 9850 to 9950 from where the index broke down from September-2018 low and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10200 to 10300 where Fibonacci levels are lying.

Broad range for the index is seen from 9200 to 9300 on downside & 9900 to 10000 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on positive note gaining around 4.80%.

As we have mentioned last week, that support for the index lies in the zone of 9100 to 9200 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8700 from where the index broke out in the month of June-2018. During the week the index manages to hit a low of 9169 and close the week around the levels of 9548.

Minor support for the index lies in the zone of 9300 to 9400. Support for the index lies in the zone of 9100 to 9200 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8700 from where the index broke out in the month of June-2018.

Minor resistance for the index lies in the zone of 9600 to 9700. Resistance for the index lies in the zone of 9850 to 9900 from where the index broke down from September-2018 low and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10200 to 10300 where Fibonacci levels are lying.

Broad range for the index is seen from 9100 to 9200 on downside & 9800 to 9900 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 5.50%.

As we have mentioned last week, that support for the index lies in the zone of 9450 to 9500 from where the index broke out of February-2018, June-2018 and July-2018 highs. If the index manages to close below these levels then the index can drift to the levels of 9150 to 9200 where Fibonacci levels and long term moving averages are lying. During the week the index manages to hit a low of 9021 and close the week around the levels of 9115.

Support for the index lies in the zone of 9100 to 9200 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8700 from where the index broke out in the month of June-2018.

Minor resistance for the index lies in the zone of 9300 to 9400. Resistance for the index lies in the zone of 9850 to 9900 from where the index broke down from September-2018 low and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10200 to 10300 where Fibonacci levels are lying.

Broad range for the index is seen from 8600 to 8700 on downside & 9700 to 9800 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 9850 to 9900 from where the index broke down from September-2018 low and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10200 to 10300 where Fibonacci levels are lying. During the week the index manages to hit a high of 9925 and close the week around the levels of 9650.

Support for the index lies in the zone of 9450 to 9500 from where the index broke out of February-2018, June-2018 and July-2018 highs. If the index manages to close below these levels then the index can drift to the levels of 9150 to 9200 where Fibonacci levels and long term moving averages are lying.

Resistance for the index lies in the zone of 9850 to 9900 from where the index broke down from September-2018 low and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10200 to 10300 where Fibonacci levels are lying.

Broad range for the index is seen from 9100 to 9200 on downside & 10000 to 10100 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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 9450 to 9500 from where the index broke out of February-2018, June-2018 and July-2018 highs. If the index manages to close below these levels then the index can drift to the levels of 9150 to 9200 where Fibonacci levels and long term moving averages are lying. During the week the index manages to hit a low of 9384 and close the week around the levels of 9526.

Support for the index lies in the zone of 9450 to 9500 from where the index broke out of February-2018, June-2018 and July-2018 highs. If the index manages to close below these levels then the index can drift to the levels of 9150 to 9200 where Fibonacci levels and long term moving averages are lying.

Resistance for the index lies in the zone of 9850 to 9900 from where the index broke down from September-2018 low and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10200 to 10300 where Fibonacci levels are lying.

Broad range for the index is seen from 9100 to 9200 on downside & 10000 to 10100 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that support for the index lies in the zone of 9900 to 10000 where high for the month of January-2018 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 9450 to 9500 from where the index broke out of February-2018, June-2018 and July-2018 highs. During the week the index manages to hit a low of 9496 and close the week around the levels of 9547.

Support for the index lies in the zone of 9450 to 9500 from where the index broke out of February-2018, June-2018 and July-2018 highs. If the index manages to close below these levels then the index can drift to the levels of 9150 to 9200 where Fibonacci levels and long term moving averages are lying.

Resistance for the index lies in the zone of 9850 to 9900 from where the index broke down from September-2018 low and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10200 to 10300 where Fibonacci levels are lying.

Broad range for the index is seen from 9100 to 9200 on downside & 10000 to 10100 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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 around 10400 to 10500. Resistance for the index lies in the zone of 10700 to 10800 from where the index has broken down in December-2016. If the index manages to close above these levels then the index can move to the levels of 11000 to 11200. During the week the index manages to hit a high of 10440 and close the week around the levels of 9972.

Support for the index lies in the zone of 9900 to 10000 where high for the month of January-2018 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 9450 to 9500 from where the index broke out of February-2018, June-2018 and July-2018 highs.

Resistance for the index lies in the zone of 10200 to 10300 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where high for the month of September-2018 is lying.

Broad range for the index is seen from 9600 to 9700 on downside & 10300 to 10400 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that minor support for the index lies around 10300 to 10400. Support for the index lies in the zone of 10000 to 10100 where high for the month of November-2017 and January-2018 are lying. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 from where the index broke out of February-2018, June-2018 and July-2018 highs. During the week the index manages to hit a low of 9861 and close the week around the levels of 10252.

Support for the index lies in the zone of 10000 to 10100 where high for the month of November-2017 and January-2018 are lying. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 from where the index broke out of February-2018, June-2018 and July-2018 highs.

Minor support for the index lies around 10400 to 10500. Resistance for the index lies in the zone of 10700 to 10800 from where the index has broken down in December-2016. If the index manages to close above these levels then the index can move to the levels of 11000 to 11200.

Broad range for the index is seen from 9800 to 9900 on downside & 10500 to 10600 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on absolutely flat note.

As we have mentioned last week, that minor support for the index lies around 10300 to 10400. Support for the index lies in the zone of 10000 to 10100 where high for the month of November-2017 and January-2018 are lying. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 from where the index broke out of February-2018, June-2018 and July-2018 highs. During the week the index manages to hit a low of 10152 and close the week around the levels of 10653.

Minor support for the index lies around 10300 to 10400. Support for the index lies in the zone of 10000 to 10100 where high for the month of November-2017 and January-2018 are lying. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 from where the index broke out of February-2018, June-2018 and July-2018 highs.

Resistance for the index lies in the zone of 10700 to 10800 from where the index has broken down in December-2016. If the index manages to close above these levels then the index can move to the levels of 11000 to 11200.

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

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that support for the index lies in the zone of 10000 to 10100 where high for the month of November-2017 and January-2018 are lying. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 from where the index broke out of February-2018, June-2018 and July-2018 highs. During the week the index manages to hit a low of 10120 and close the week around the levels of 10661.

Minor support for the index lies around 10300 to 10400. Support for the index lies in the zone of 10000 to 10100 where high for the month of November-2017 and January-2018 are lying. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 from where the index broke out of February-2018, June-2018 and July-2018 highs.

Resistance for the index lies in the zone of 10700 to 10800 from where the index has broken down in December-2016. If the index manages to close above these levels then the index can move to the levels of 11000 to 11200.

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

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

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

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 10000 to 10100 where high for the month of November-2017 and January-2018 are lying. If the index manages to close above these levels then the index can move to the levels of 10200 to 10300 where long term Fibonacci levels are lying. During the week the index manages to hit a high of 10445 and close the week around the levels of 10391.

Support for the index lies in the zone of 10000 to 10100 where high for the month of November-2017 and January-2018 are lying. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 from where the index broke out of February-2018, June-2018 and July-2018 highs.

Resistance for the index lies in the zone of 10300 to 10400 where long term Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800.

Broad range for the index is seen from 10000 to 10100 on downside & 10600 to 10700 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 9950 to 10000 where high for the month of November-2017 and January-2018 are lying. If the index manages to close above these levels then the index can move to the levels of 10200 to 10300 where long term Fibonacci levels are lying. During the week the index manages to hit a high of 10142 and close the week around the levels of 10061.

Minor support for the index lies around 9700 to 9800. Support for the index lies in the zone of 9450 to 9500 from where the index broke out of February-2018, June-2018 and July-2018 highs. If the index manages to close below these levels then the index can drift to the levels of 9150 to 9200 where Fibonacci levels and short term moving averages are lying.

Resistance for the index lies in the zone of 10000 to 10100 where high for the month of November-2017 and January-2018 are lying. If the index manages to close above these levels then the index can move to the levels of 10200 to 10300 where long term Fibonacci levels are lying.

Broad range for the index is seen from 9600 to 9700 on downside & 10200 to 10300 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on positive note gaining around 6.10%.

As we have mentioned last week, that support for the index lies in the zone of 9150 to 9200 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8850 to 8900 where break out levels and medium term moving averages are lying. During the week the index manages to hit a low of 9094 and close the week around the levels of 9694.

Support for the index lies in the zone of 9450 to 9500 from where the index broke out of February-2018, June-2018 and July-2018 highs. If the index manages to close below these levels then the index can drift to the levels of 9150 to 9200 where Fibonacci levels and short term moving averages are lying.

Resistance for the index lies in the zone of 9950 to 10000 where high for the month of November-2017 and January-2018 are lying. If the index manages to close above these levels then the index can move to the levels of 10200 to 10300 where long term Fibonacci levels are lying.

Broad range for the index is seen from 9400 to 9500 on downside & 9900 to 10000 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 9500 to 9600 from where the index has broken down in the month of January-2018. If the index manages to close above these levels then the index can move to the levels of 9950 to 10000 where high for the month of November-2017 and January-2018 are lying. During the week the index manages to hit a high of 9597 and close the week around the levels of 9138.

Support for the index lies in the zone of 9150 to 9200 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8850 to 8900 where break out levels and medium term moving averages are lying.

Minor resistance for the index lies in the zone of 9300 to 9350. Resistance for the index lies in the zone of 9500 to 9600 from where the index has broken down in the month of January-2018. If the index manages to close above these levels then the index can move to the levels of 9950 to 10000 where high for the month of November-2017 and January-2018 are lying.

Broad range for the index is seen from 8900 to 8950 on downside & 9300 to 9350 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on positive note gaining around 5.10%.

As we have mentioned last week, that resistance for the index lies in the zone of 9080 to 9150 where Fibonacci levels and long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where high for the month of February-2018 and June-2018 is lying. During the week the index manages to hit a high of 9559 and close the week around the levels of 9501.

Support for the index lies in the zone of 9150 to 9200 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8850 to 8900 where break out levels and medium term moving averages are lying.

Resistance for the index lies in the zone of 9500 to 9600 from where the index has broken down in the month of January-2018. If the index manages to close above these levels then the index can move to the levels of 9950 to 10000 where high for the month of November-2017 and January-2018 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 (July 30, 2018 – Aug 03, 2018)

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that support for the index lies in the zone of 8850 to 8900 where break out levels and short & medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8500 to 8550 from where the index broke out in the month of June-2018. During the week the index manages to hit a low of 8858 and close the week around the levels of 9039.

Support for the index lies in the zone of 8850 to 8900 where break out levels and short & medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8500 to 8550 from where the index broke out in the month of June-2018.

Resistance for the index lies in the zone of 9080 to 9150 where Fibonacci levels and long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where high for the month of February-2018 and June-2018 is lying.

Broad range for the index is seen from 8800 to 8850 on downside & 9250 to 9300 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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 9080 to 9130 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8850 to 8900 where break out levels are lying. During the week the index manages to hit a low of 8725 and close the week around the levels of 8895.

Support for the index lies in the zone of 8850 to 8900 where break out levels and short & medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8500 to 8550 from where the index broke out in the month of June-2018.

Resistance for the index lies in the zone of 9080 to 9150 where Fibonacci levels and long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where high for the month of February-2018 and June-2018 is lying.

Broad range for the index is seen from 8600 to 8650 on downside & 9150 to 9200 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that support for the index lies in the zone of 9080 to 9130 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8850 to 8900 where break out levels are lying. During the week the index manages to hit a low of 9142 and close the week around the levels of 9164.

Support for the index lies in the zone of 9080 to 9130 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8850 to 8900 where break out levels are lying.

Resistance for the index lies in the zone of 9400 to 9450 where high for the month of February-2018 and June-2018 is 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 broken down in the month of January-2018.

Broad range for the index is seen from 8900 to 8950 on downside & 9450 to 9500 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that support for the index lies in the zone of 9100 to 9150 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8850 to 8900 where break out levels are lying. During the week the index manages to hit a low of 9080 and close the week around the levels of 9190.

Support for the index lies in the zone of 9080 to 9130 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8850 to 8900 where break out levels are lying.

Resistance for the index lies in the zone of 9400 to 9450 where high for the month of February-2018 and June-2018 is 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 broken down in the month of January-2018.

Broad range for the index is seen from 8900 to 8950 on downside & 9450 to 9500 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that support for the index lies in the zone of 9100 to 9150 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8850 to 8900 where break out levels are lying. During the week the index manages to hit a low of 9083 and close the week around the levels of 9173.

Support for the index lies in the zone of 9100 to 9150 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8850 to 8900 where break out levels are lying.

Resistance for the index lies in the zone of 9400 to 9450 where high for the month of February-2018 and June-2018 is 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 broken down in the month of January-2018.

Broad range for the index is seen from 8900 to 8950 on downside & 9350 to 9400 on upside.

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

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

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 9400 to 9450 where high for the month of February-2018 is 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 broken down in the month of January-2018. During the week the index manages to hit a high of 9424 and close the week around the levels of 9313.

Support for the index lies in the zone of 9100 to 9150 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8850 to 8900 where break out levels are lying.

Resistance for the index lies in the zone of 9400 to 9450 where high for the month of February-2018 is 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 broken down in the month of January-2018.

Broad range for the index is seen from 9100 to 9150 on downside & 9550 to 9600 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on positive note gaining around 8.30%.

As we have mentioned last week, that resistance for the index lies in the zone of 8650 to 8700 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 8800 to 8850. During the week the index manages to hit a high of 9352 and close the week around the levels of 9316.

Support for the index lies in the zone of 9100 to 9150 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 8850 to 8900 where break out levels are lying.

Resistance for the index lies in the zone of 9400 to 9450 where high for the month of February-2018 is 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 broken down in the month of January-2018.

Broad range for the index is seen from 9100 to 9150 on downside & 9550 to 9600 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that support for the index lies in the zone of 8000 to 8050. If the index manages to close below these levels then the index can witness a major break down and can drift to the levels of 7900 to 7950 where long term Fibonacci levels are lying. During the week the index manages to hit a low of 8019 and close the week around the levels of 8599.

Minor support for the index lies in the zone of 8480 to 8520. Support for the index lies in the zone of 8350 to 8400 from where the index broke out. 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 8650 to 8700 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 8800 to 8850.

Broad range for the index is seen from 8300 to 8350 on downside & 8850 to 8900 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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 8250 to 8300 from where the index has broken down from the March-2018 low. Resistance for the index lies in the zone of 8450 to 8500 where medium term moving averages and break down levels are lying. If the index manages to close above these levels then the index can move to the levels of 8650 to 8700 from where the index broke down after consolidation. During the week the index manages to hit a high of 8554 and close the week around the levels of 8213.

Support for the index lies in the zone of 8000 to 8050. If the index manages to close below these levels then the index can witness a major break down and can drift to the levels of 7900 to 7950 where long term Fibonacci levels are lying.

Resistance for the index lies in the zone of 8250 to 8300 from where the index has broken down from the March-2018 low. Resistance for the index lies in the zone of 8450 to 8500 where medium term moving averages and break down levels are lying. If the index manages to close above these levels then the index can move to the levels of 8650 to 8700 from where the index broke down after consolidation.

Broad range for the index is seen from 7900 to 7950 on downside & 8350 to 8400 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on absolutely flat note.

As we have mentioned last week, that the index has closed below the support zone of 8250 to 8300. If the index manages to close below these levels then the index can witness a major break down and can drift to the levels of 8000 to 8050 where long term Fibonacci levels are lying. During the week the index manages to hit a low of 7900 and close the week around the levels of 8198.

Support for the index lies in the zone of 8000 to 8050. If the index manages to close below these levels then the index can witness a major break down and can drift to the levels of 7900 to 7950 where long term Fibonacci levels are lying.

Resistance for the index lies in the zone of 8250 to 8300 from where the index has broken down from the March-2018 low. Resistance for the index lies in the zone of 8450 to 8500 where medium term moving averages and break down levels are lying. If the index manages to close above these levels then the index can move to the levels of 8650 to 8700 from where the index broke down after consolidation.

Broad range for the index is seen from 7900 to 7950 on downside & 8350 to 8400 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 2.80%.

As we have mentioned last week, that minor resistance for the index lies in the zone of 8550 to 8600. Resistance for the index lies in the zone of 8650 to 8700 where medium term moving averages and break down levels are lying. If the index manages to close above these levels then the index can move to the levels of 8800 to 8850 from where the index broke down after consolidation. During the week the index manages to hit a high of 8598 and close the week around the levels of 8212.

The index has closed below the support zone of 8250 to 8300. If the index manages to close below these levels then the index can witness a major break down and can drift to the levels of 8000 to 8050 where long term Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 8400 to 8450. Resistance for the index lies in the zone of 8650 to 8700 where medium term moving averages and break down levels are lying. If the index manages to close above these levels then the index can move to the levels of 8800 to 8850 from where the index broke down after consolidation.

Broad range for the index is seen from 8000 to 8050 on downside & 8450 to 8500 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that minor resistance for the index lies in the zone of 8850 to 8900. Resistance for the index lies in the zone of 9100 to 9150 where Fibonacci levels and medium & long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9250 to 9300 where Fibonacci levels are lying. During the week the index manages to hit a high of 8882 and close the week around the levels of 8446.

Support for the index lies in the zone of 8250 to 8300 where the index has formed a bottom in the month of March-2018 and August-2017. If the index manages to close below these levels then the index can witness a major break down and can drift to the levels of 8000 to 8050 where long term Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 8550 to 8600. Resistance for the index lies in the zone of 8650 to 8700 where medium term moving averages and break down levels are lying. If the index manages to close above these levels then the index can move to the levels of 8800 to 8850 from where the index broke down after consolidation.

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

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 9100 to 9150 where Fibonacci levels and medium & long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9250 to 9300 where Fibonacci levels are lying. During the week the index manages to hit a high of 9111 and close the week around the levels of 8817.

Support for the index lies in the zone of 8650 to 8700 where Fibonacci levels and break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8350 to 8400 from where the index has broken out.

Minor resistance for the index lies in the zone of 8850 to 8900. Resistance for the index lies in the zone of 9100 to 9150 where Fibonacci levels and medium & long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9250 to 9300 where Fibonacci levels 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 (Apr 30, 2018 – May 04, 2018)

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

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 8850 to 8900 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 9100 to 9150 where Fibonacci levels and medium term moving averages are lying. During the week the index manages to hit a high of 9093 and close the week around the levels of 8987.

Minor support for the index lies in the zone of 8850 to 8900. Support for the index lies in the zone of 8650 to 8700 where Fibonacci levels and break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8350 to 8400 from where the index has broken out.

Resistance for the index lies in the zone of 9100 to 9150 where Fibonacci levels and medium & long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9250 to 9300 where Fibonacci levels are lying.

Broad range for the index is seen from 8700 to 8750 on downside & 9250 to 9300 on upside.

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

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

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 8850 to 8900 where Fibonacci levels and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9100 to 9150 where Fibonacci levels and medium term moving averages are lying. During the week the index manages to hit a high of 8904 and close the week around the levels of 8820.

Support for the index lies in the zone of 8650 to 8700 where Fibonacci levels and break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8350 to 8400 from where the index has broken out.

Resistance for the index lies in the zone of 8850 to 8900 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 9100 to 9150 where Fibonacci levels and medium term moving averages are lying.

Broad range for the index is seen from 8600 to 8650 on downside & 8950 to 9000 on upside.

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

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

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 8850 to 8900 where Fibonacci levels and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9100 to 9150 where Fibonacci levels and medium term moving averages are lying. During the week the index manages to hit a high of 8842 and close the week around the levels of 8731.

Support for the index lies in the zone of 8600 to 8650 where Fibonacci levels and break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8350 to 8400 from where the index has broken out.

Resistance for the index lies in the zone of 8850 to 8900 where Fibonacci levels and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9100 to 9150 where Fibonacci levels and medium term moving averages are lying.

Broad range for the index is seen from 8500 to 8550 on downside & 8900 to 8950 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 8450 to 8500 from where the index has opened gap down. If the index manages to close above these levels then the index can move to the levels of 8700 to 8750 from where the index broke down from February-2018 lows. During the week the index manages to hit a high of 8808 and close the week around the levels of 8772.

Support for the index lies in the zone of 8600 to 8650 where Fibonacci levels and break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8350 to 8400 from where the index has broken out.

Resistance for the index lies in the zone of 8850 to 8900 where Fibonacci levels and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9100 to 9150 where Fibonacci levels and medium term moving averages are lying.

Broad range for the index is seen from 8500 to 8550 on downside & 9000 to 9050 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 8450 to 8500 from where the index has opened gap down. If the index manages to close above these levels then the index can move to the levels of 8700 to 8750 from where the index broke down from February-2018 lows. During the week the index manages to hit a high of 8492 and close the week around the levels of 8358.

Support for the index lies in the zone of 8300 to 8350 where the index has taken support in the month of August-2017. If the index manages to close below these levels then the index can witness a freefall to the levels of 8000 to 8050 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 8450 to 8500 from where the index has opened gap down. If the index manages to close above these levels then the index can move to the levels of 8700 to 8750 from where the index broke down from February-2018 lows.

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

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 2.60%.

As we have mentioned last week, that support for the index lies in the zone of 8300 to 8350 where the index has taken support in the month of August-2017. If the index manages to close below these levels then the index can witness a freefall to the levels of 8000 to 8050 where Fibonacci levels are lying. During the week the index manages to hit a low of 8280 and close the week around the levels of 8327.

Support for the index lies in the zone of 8300 to 8350 where the index has taken support in the month of August-2017. If the index manages to close below these levels then the index can witness a freefall to the levels of 8000 to 8050 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 8450 to 8500 from where the index has opened gap down. If the index manages to close above these levels then the index can move to the levels of 8700 to 8750 from where the index broke down from February-2018 lows.

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

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that support for the index lies in the zone of 8900 to 8950 where the index has taken support in the month of December-2017. 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 formed a double bottom in the month of February-2018. During the week the index manages to hit a low of 8491 and close the week around the levels of 8516.

Support for the index lies in the zone of 8300 to 8350 where the index has taken support in the month of August-2017. If the index manages to close below these levels then the index can witness a freefall to the levels of 8000 to 8050 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 8700 to 8750 from where the index broke down from February-2018 lows. If the index manages to close above these levels then the index can move to the levels of 8950 to 9000 where break down levels are lying.

Broad range for the index is seen from 8300 to 8350 on downside & 8700 to 8750 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that minor resistance for the index lies in the zone of 9150 to 9200. Resistance for the index lies in the zone of 9400 to 9450 where short, medium and long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9600 to 9650 where break down levels are lying. During the week the index manages to hit a high of 9146 and close the week around the levels of 8918.

Support for the index lies in the zone of 8900 to 8950 where the index has taken support in the month of December-2017. 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 formed a double bottom in the month of February-2018.

Minor resistance for the index lies in the zone of 9150 to 9200. Resistance for the index lies in the zone of 9400 to 9450 where short, medium and long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9600 to 9650 where break down levels are lying.

Broad range for the index is seen from 8700 to 8750 on downside & 9400 to 9450 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 9100 to 9150. Support for the index lies in the zone of 8900 to 8950 where the index has taken support in the month of December-2017. If the index manages to close below these levels then the index can drift to the levels of 8300 to 8400 where the index has taken support in the month of August-2017. During the week the index manages to hit a low of 8754 and close the week around the levels of 9095.

Support for the index lies in the zone of 8900 to 8950 where the index has taken support in the month of December-2017. 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 formed a double bottom in the month of February-2018.

Minor resistance for the index lies in the zone of 9150 to 9200. Resistance for the index lies in the zone of 9400 to 9450 where short, medium and long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9600 to 9650 where break down levels are lying.

Broad range for the index is seen from 8700 to 8750 on downside & 9400 to 9450 on upside.

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

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

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 9400 to 9450 where short, medium and long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9600 to 9650 where break down levels are lying. During the week the index manages to hit a high of 9454 and close the week around the levels of 9181.

Minor support for the index lies in the zone of 9100 to 9150. Support for the index lies in the zone of 8900 to 8950 where the index has taken support in the month of December-2017. If the index manages to close below these levels then the index can drift to the levels of 8300 to 8400 where the index has taken support in the month of August-2017.

Resistance for the index lies in the zone of 9400 to 9450 where short, medium and long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9600 to 9650 where break down levels are lying.

Broad range for the index is seen from 8900 to 8950 on downside & 9400 to 9450 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that support for the index lies in the zone of 8900 to 8950 where the index has taken support in the month of December-2017. If the index manages to close below these levels then the index can drift to the levels of 8300 to 8400 where the index has taken support in the month of August-2017. During the week the index manages to hit a low of 8729 and close the week around the levels of 9223.

Minor support for the index lies in the zone of 9100 to 9150. Support for the index lies in the zone of 8900 to 8950 where the index has taken support in the month of December-2017. If the index manages to close below these levels then the index can drift to the levels of 8300 to 8400 where the index has taken support in the month of August-2017.

Resistance for the index lies in the zone of 9400 to 9450 where short, medium and long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9600 to 9650 where break down levels are lying.

Broad range for the index is seen from 8900 to 8950 on downside & 9400 to 9450 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on negative note losing around 7.00%.

As we have mentioned last week, that resistance for the index lies in the zone of 9750 to 9850 from where the index has broken down after consolidation. If the index manages to close above these levels then the index can move to the levels of 10000 to 10050 where the index has formed a top in the month of November-2017. During the week the index manages to hit a high of 9752 and close the week around the levels of 9043.

Support for the index lies in the zone of 8900 to 8950 where the index has taken support in the month of December-2017. If the index manages to close below these levels then the index can drift to the levels of 8300 to 8400 where the index has taken support in the month of August-2017.

Minor resistance for the index lies in the zone of 9150 to 9200. Resistance for the index lies in the zone of 9400 to 9450 where short, medium and long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9600 to 9650 where break down levels are lying.

Broad range for the index is seen from 8500 to 8550 on downside & 9400 to 9450 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 9600 to 9650. Support for the index lies in the zone of 9400 to 9500 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9150 to 9200 where Fibonacci levels are lying. During the week the index manages to hit a low of 9587 and close the week around the levels of 9729.

Minor support for the index lies in the zone of 9600 to 9650. Support for the index lies in the zone of 9400 to 9500 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9150 to 9200 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 9750 to 9850 from where the index has broken down after consolidation. If the index manages to close above these levels then the index can move to the levels of 10000 to 10050 where the index has formed a top in the month of November-2017.

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

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

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

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 9750 to 9850 from where the index has broken down after consolidation. If the index manages to close above these levels then the index can move to the levels of 10000 to 10050 where the index has formed a top in the month of November-2017. During the week the index manages to hit a high of 9819 and close the week around the levels of 9626.

Minor support for the index lies in the zone of 9600 to 9650. Support for the index lies in the zone of 9400 to 9500 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9150 to 9200 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 9750 to 9850 from where the index has broken down after consolidation. If the index manages to close above these levels then the index can move to the levels of 10000 to 10050 where the index has formed a top in the month of November-2017.

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

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 9600 to 9650. Support for the index lies in the zone of 9400 to 9500 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9150 to 9200 where Fibonacci levels are lying. During the week the index manages to hit a low of 9656 and close the week around the levels of 9742.

Minor support for the index lies in the zone of 9600 to 9650. Support for the index lies in the zone of 9400 to 9500 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9150 to 9200 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 9750 to 9850 from where the index has broken down after consolidation. If the index manages to close above these levels then the index can move to the levels of 10000 to 10050 where the index has formed a top in the month of November-2017.

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

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that support for the index lies in the zone of 9400 to 9500 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9150 to 9200 where Fibonacci levels are lying. During the week the index manages to hit a low of 9476 and close the week around the levels of 9701.

Minor support for the index lies in the zone of 9600 to 9650. Support for the index lies in the zone of 9400 to 9500 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9150 to 9200 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 9750 to 9850 from where the index has broken down after consolidation. If the index manages to close above these levels then the index can move to the levels of 10000 to 10050 where the index has formed a top in the month of November-2017.

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

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 9350 to 9400 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 where long term moving averages are lying. During the week the index manages to hit a high of 9733 and close the week around the levels of 9620.

Support for the index lies in the zone of 9400 to 9500 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9150 to 9200 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 9750 to 9850 from where the index has broken down after consolidation. If the index manages to close above these levels then the index can move to the levels of 10000 to 10050 where the index has formed a top in the month of November-2017.

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

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

Nifty PHARMA index closed the week on positive note gaining around 2.50%.

As we have mentioned last week, that resistance for the index lies in the zone of 9150 to 9200 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. During the week the index manages to hit a high of 9418 and close the week around the levels of 9326.

Support for the index lies in the zone of 9150 to 9200 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 8950 to 9000 where the index has formed a double bottom pattern.

Resistance for the index lies in the zone of 9350 to 9400 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 where long term moving averages are lying.

Broad range for the index is seen from 9000 to 9050 on downside & 9600 to 9650 on upside.

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

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

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 8950 to 9000 where the index has formed a double bottom pattern. If the index manages to close below these levels then the index can drift to the levels of 8750 to 8800 where break out levels for the index is lying. During the week the index manages to hit a low of 8975 and close the week around the levels of 9100.

Support for the index lies in the zone of 8950 to 9000 where the index has formed a double bottom pattern. If the index manages to close below these levels then the index can drift to the levels of 8750 to 8800 where break out levels for the index is lying.

Resistance for the index lies in the zone of 9150 to 9200 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 8800 to 8850 on downside & 9300 to 9350 on upside.

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

EquityPandit’s Outlook for NIFTY Pharma for the week  (Dec 11, 2017 – Dec 15, 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 9150 to 9200 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. During the week the index manages to hit a high of 9153 and close the week around the levels of 9098.

Support for the index lies in the zone of 8950 to 9000 where the index has formed a double bottom pattern. If the index manages to close below these levels then the index can drift to the levels of 8750 to 8800 where break out levels for the index is lying.

Resistance for the index lies in the zone of 9150 to 9200 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 8800 to 8850 on downside & 9300 to 9350 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

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 9600 to 9650 from where the index has broken down. During the week the index manages to hit a high of 9401 and close the week around the levels of 9084.

Support for the index lies in the zone of 8950 to 9000 where the index has formed a double bottom pattern. If the index manages to close below these levels then the index can drift to the levels of 8750 to 8800 where break out levels for the index is lying.

Resistance for the index lies in the zone of 9150 to 9200 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 & 9300 to 9350 on upside.

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

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

NIFTY PHARMA:

 

NIFTYPHARM

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 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. During the week the index manages to hit a high of 9419 and close the week around the levels of 9364.

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 9100 to 9150 from where the index has opened gap up.

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 9600 to 9650 from where the index has broken down.

Broad range for the index is seen from 9000 to 9050 on downside & 9650 to 9700 on upside.

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)