Tag Archives: Nifty Metal Movement

Nifty Metal Outlook for the Week (July 27,2020 – July 31, 2020)

EquityPandit’s Outlook for NIFTY METAL for the week (July 27,2020 – July 31, 2020):

NIFTY METAL:

NIFTY METAL Index closed the week on negative note losing 15.50 points 0.74%.

Weekly High: 2,168.70

Weekly Low: 2,071.25

Weekly Close: 2,087.50

NIFTYMETAL

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2025 levels, whereas minor resistance on the upside is capped around 2150-2175 levels.

If NIFTY METAL 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 1925 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 2250.

Currently NIFTY METAL 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 1950 on downside and 2200 on upside.

 

WEEKLY PIVOT LEVELS:

 
RESISTANCE 2: 2,206

RESISTANCE 1: 2,147

SUPPORT 1: 2,049

SUPPORT 2: 2,011

Nifty Metal Outlook for the Week (July 20,2020 – July 24, 2020)

EquityPandit’s Outlook for NIFTY METAL for the week (July 20,2020 – July 24, 2020):

NIFTY METAL:

NIFTY METAL Index closed the week on positive note gaining 24.80 points 1.19%.

Weekly High: 2,130.50

Weekly Low: 2,018.55

Weekly Close: 2,103

NIFTYMETAL

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2030 levels, whereas minor resistance on the upside is capped around 2175-2200 levels.

If NIFTY METAL 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 1950 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 2275.

Currently NIFTY METAL 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 2000 on downside and 2200 on upside.

 

WEEKLY PIVOT LEVELS:
RESISTANCE 2: 2,195

RESISTANCE 1: 2,149

SUPPORT 1: 2,037

SUPPORT 2: 1,972

Nifty Metal Outlook for the Week (July 13,2020 – July 17, 2020)

EquityPandit’s Outlook for NIFTY METAL for the week (July 13,2020 – July 17, 2020):

NIFTY METAL:

NIFTY METAL Index closed the week on positive note gaining 69.70 points 3.47%.

Weekly High: 2,121.75

Weekly Low: 2,013.70

Weekly Close: 2,078.20

NIFTYMETAL

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2000 levels, whereas minor resistance on the upside is capped around 2125-2150 levels.

If NIFTY METAL 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 1950 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 2200.

Currently NIFTY METAL 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 1975 on downside and 2175 on upside.

 

WEEKLY PIVOT LEVELS:

 
RESISTANCE 2: 2,179

RESISTANCE 1: 2,128

SUPPORT 1: 2,020

SUPPORT 2: 1,963

Nifty Metal Outlook for the Week (July 06, 2020 – July 10, 2020)

EquityPandit’s Outlook for NIFTY METAL for the week (July 06, 2020 – July 10, 2020):

NIFTY METAL:

NIFTY METAL Index closed the week on negative note losing 34.85 points 1.71%.

Weekly High: 2,041.30

Weekly Low: 1,964.35

Weekly Close: 2,008.50

NIFTYMETAL

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 1950 levels, whereas minor resistance on the upside is capped around 2050-2075 levels.

If NIFTY METAL 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 1875 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 2150.

Currently NIFTY METAL 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 1900 on downside and 2125 on upside.

 

WEEKLY PIVOT LEVELS:

 

RESISTANCE 2: 2,081

RESISTANCE 1: 2,045

SUPPORT 1: 1,968

SUPPORT 2: 1,927

Nifty Metal Outlook for the Week (June 29, 2020 – July 03, 2020)

EquityPandit’s Outlook for NIFTY METAL for the week (June 29, 2020 – July 03, 2020):

NIFTY METAL:

NIFTY METAL Index closed the week on positive note gaining 45.80 points 2.29%.

Weekly High: 2,123.60

Weekly Low: 1,995.70

Weekly Close: 2,043.35

NIFTYMETAL

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 1985 levels, whereas minor resistance on the upside is capped around 2100-2125 levels.

If NIFTY METAL 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 1900 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 2200.

Currently NIFTY METAL 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 1925 on downside and 2150 on upside.

 

NIFTY METAL WEEKLY PIVOT LEVELS:

RESISTANCE 2: 2,182

RESISTANCE 1: 2,112

SUPPORT 1: 1,984

SUPPORT 2: 1,926

Nifty Metal Outlook for the Week (June 22, 2020 – June 26, 2020)

EquityPandit’s Outlook for NIFTY METAL for the week (June 22, 2020 – June 26, 2020):

NIFTY METAL:

NIFTY METAL Index closed the week on positive note gaining 31.45 points 1.60%.

Weekly High: 2,026.45

Weekly Low: 1,915.95

Weekly Close: 1,997.55

NIFTYMETAL

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 1925 levels, whereas minor resistance on the upside is capped around 2050-2075 levels.

If NIFTY METAL 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 1850 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 2150.

Currently NIFTY METAL 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 1900 on downside and 2100 on upside.

 

WEEKLY PIVOT LEVELS:

 

RESISTANCE 2: 2,090

RESISTANCE 1: 2,044

SUPPORT 1: 1,933

SUPPORT 2: 1,869

 

Nifty Metal Outlook for the Week (June 15, 2020 – June 19, 2020)

EquityPandit’s Outlook for NIFTY METAL for the week (June 15, 2020 – June 19, 2020):

NIFTY METAL:

NIFTY METAL Index closed the week on negative note losing 83.60 points 4.08%.

Weekly High: 2,105.65

Weekly Low: 1,872.40

Weekly Close: 1,966.10

NIFTYMETAL

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 1850 levels, whereas minor resistance on the upside is capped around 2050-2100 levels.

If NIFTY METAL 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 1750 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 2200.

Currently NIFTY METAL 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 1800 on downside and 2150 on upside.

 

WEEKLY PIVOT LEVELS:

 

RESISTANCE 2: 2,214

RESISTANCE 1: 2,090

SUPPORT 1: 1,857

SUPPORT 2: 1,748

Nifty Metal Outlook for the Week (June 8, 2020 – June 12, 2020)

EquityPandit’s Outlook for NIFTY METAL for the week (June 8, 2020 – June 12, 2020):

NIFTY METAL:

NIFTY METAL Index closed the week on positive note gaining 169.85 points 9.04%.

Weekly High: 2,057.05

Weekly Low: 1,907

Weekly Close: 2,049.70

NIFTYMETAL

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 1950 levels, whereas minor resistance on the upside is capped around 2145-2165 levels.

If NIFTY METAL 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 1850 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 2250.

Currently NIFTY METAL 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 1900 on downside and 2200 on upside.

 

WEEKLY PIVOT LEVELS:
RESISTANCE 2: 2,154

RESISTANCE 1: 2,102

SUPPORT 1: 1,952

SUPPORT 2: 1,854

Nifty Metal Outlook for the Week (June 1, 2020 – June 5, 2020)

EquityPandit’s Outlook for NIFTY METAL for the week (June 1, 2020 – June 5, 2020):

NIFTY METAL:

NIFTY METAL Index closed the week on positive note gaining 169.40 points 9.90%.

Weekly High: 1,890.75

Weekly Low: 1,724.35

Weekly Close: 1,879.85

NIFTYMETAL

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 1775 levels, whereas minor resistance on the upside is capped around 1950-1975 levels.

If NIFTY METAL 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 1700 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 2050.

Currently NIFTY METAL 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 1750 on downside and 2000 on upside.

 

Weekly Pivot Levels:
RESISTANCE 2: 1,998

RESISTANCE 1: 1,938

SUPPORT 1: 1,772

SUPPORT 2: 1,665

Nifty Metal Outlook for the Week (May 26, 2020 – May 29, 2020)

EquityPandit’s Outlook for NIFTY METAL for the week (May 26, 2020 – May 29, 2020):

NIFTY METAL:

NIFTY METAL Index closed the week on negative note losing 32.15 points 1.84%.

Weekly High: 1,759.45

Weekly Low: 1,667.80

Weekly Close: 1,710.45

NIFTYMETAL

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 1650 levels, whereas minor resistance on the upside is capped around 1770-1780 levels.

If NIFTY METAL 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 1550 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 1850.

Currently NIFTY METAL 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 1575 on downside and 1825 on upside.

 

Weekly Pivot Levels:
RESISTANCE 2: 1,804

RESISTANCE 1: 1,757

SUPPORT 1: 1,665

SUPPORT 2: 1,620

Nifty Metal Outlook for the Week (May 18, 2020 – May 22, 2020)

EquityPandit’s Outlook for NIFTY METAL for the week (May 18, 2020 – May 22, 2020):

NIFTY METAL:

NIFTY METAL Index closed the week on positive note gaining 66.05 points 3.94%.

Weekly High: 1,813.55

Weekly Low: 1,657.40

Weekly Close: 1,742.60

metal 25may

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 1650 levels, whereas minor resistance on the upside is capped around 1825-1850 levels.

If NIFTY METAL 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 1550 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 1950.

Currently NIFTY METAL 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 1600 on downside and 1900 on upside.

 

Weekly Pivot Levels:
RESISTANCE 2: 1,894

RESISTANCE 1: 1,818

SUPPORT 1: 1,662

SUPPORT 2: 1,581

Nifty Metal Outlook for the Week (May 11, 2020 – May 15, 2020)

EquityPandit’s Outlook for NIFTY METAL for the week (May 11, 2020 – May 15, 2020):

NIFTY METAL:

NIFTY METAL Index closed the week on negative note losing 183.35 points 09.86%.

Weekly High: 1,772.30

Weekly Low: 1,671

Weekly Close: 1,676.55

metal 11may

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 1600 levels, whereas minor resistance on the upside is capped around 1775-1800 levels.

If NIFTY METAL 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 1525 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 1900.

Currently NIFTY METAL 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 1550 on downside and 1850 on upside.

 

Weekly Pivot Levels:
RESISTANCE 2: 1,807

RESISTANCE 1: 1,742

SUPPORT 1: 1,640

SUPPORT 2: 1,605

Nifty Metal Outlook for the Week (May 4, 2020 – May 8, 2020)

EquityPandit’s Outlook for NIFTY METAL for the week (May 4, 2020 – May 8, 2020):

NIFTY METAL:

NIFTY METAL Index closed the week on positive note gaining 214.70 points 13.05%.

Weekly High: 1,871.95

Weekly Low: 1,653.80

Weekly Close: 1,859.90

media 4may

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 1770 levels, whereas minor resistance on the upside is capped around 1925-1950 levels.

If NIFTY METAL 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 1600 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 2100.

Currently NIFTY METAL 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 1650 on downside and 2050 on upside.

 

Weekly Pivot Levels:

RESISTANCE 2: 2,013

RESISTANCE 1: 1,936

SUPPORT 1: 1,718

SUPPORT 2: 1,577

Nifty Metal Outlook for the Week (April 27, 2020 – April 30, 2020)

EquityPandit’s Outlook for NIFTY METAL for the week (April 27, 2020 – April 30, 2020):

NIFTY METAL:

NIFTY METAL Index closed the week on negative note losing 171.30 points 9.43%.

Weekly High: 1,842.90

Weekly Low: 1,616.65

Weekly Close: 1,645.20

metal 27apr

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 1600 levels, whereas minor resistance on the upside is capped around 1700-1725 levels.

If NIFTY METAL 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 1485 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 1850.

Currently NIFTY METAL 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 1500 on downside and 1800 on upside.

Weekly Pivot Levels:

RESISTANCE 2: 1,927

RESISTANCE 1: 1,786

SUPPORT 1: 1,560

SUPPORT 2: 1,475

Nifty Metal Outlook for the Week (April 13, 2020 – April 17, 2020)

EquityPandit’s Outlook for NIFTY METAL for the week (April 13, 2020 – April 17, 2020):

NIFTY METAL:

NIFTY METAL Index closed the week on positive note gaining 182.55 points 11.98%.

Weekly High: 1,726.40

Weekly Low: 1,559.15

Weekly Close: 1,705.45

metal 13apr

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 1600 levels, whereas minor resistance on the upside is capped around 1800-1825 levels.

If NIFTY METAL 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 1500 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 1900.

Currently NIFTY METAL 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 1550 on downside and 1850 on upside.

Weekly Pivot Levels:

RESISTANCE 2: 1,830

RESISTANCE 1: 1,768

SUPPORT 1: 1,600

SUPPORT 2: 1,496

Nifty Metal Outlook for the Week (April 6, 2020 – April 10, 2020)

EquityPandit’s Outlook for NIFTY METAL for the week (April 6, 2020 – April 10, 2020):

NIFTY METAL:

NIFTY METAL Index closed the week on negative note losing 31.95 points 2.05%.

Weekly High: 1,601

Weekly Low: 1,483.50

Weekly Close: 1,522.90

metal 6apr

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 1450 levels, whereas minor resistance on the upside is capped around 1600-1625 levels.

If NIFTY METAL 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 1350 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 1700.

Currently NIFTY METAL 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 1400 on downside and 1650 on upside.

Weekly Pivot Levels:

RESISTANCE 2: 1,653

RESISTANCE 1: 1,588

SUPPORT 1: 1,470

SUPPORT 2: 1,418

Nifty Metal Outlook for the Week (March 23, 2020 – March 27, 2020)

EquityPandit’s Outlook for NIFTY METAL for the week (March 23, 2020 – March 27, 2020):

NIFTY METAL:

NIFTY METAL Index closed the week on negative note losing 210.50 points 11.06%.

Weekly High: 1,852.45

Weekly Low: 1,558.05

Weekly Close: 1,692.85

metal 23mar

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 1550 levels, whereas minor resistance on the upside is capped around 1825-1850 levels.

If NIFTY METAL 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 1400 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 2000.

Currently NIFTY METAL 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 1450 on downside and 2000 on upside.

Weekly Pivot Levels:

RESISTANCE 2: 1,995

RESISTANCE 1: 1,844

SUPPORT 1: 1,549

SUPPORT 2: 1,406

Nifty Metal Outlook for the Week (March 16, 2020 – March 20, 2020)

EquityPandit’s Outlook for NIFTY METAL for the week (March 16, 2020 – March 20, 2020):

NIFTY METAL:

NIFTY METAL Index closed the week on negative note losing 280.55 points 12.85%.

Weekly High: 2,107.95

Weekly Low: 1,546.15

Weekly Close: 1,903.35

metal 16mar

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 1750 levels, whereas minor resistance on the upside is capped around 2050-2100 levels.

If NIFTY METAL 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 1550 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 2300.

Currently NIFTY METAL 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 1600 on downside and 2200 on upside.

Weekly Pivot Levels:

RESISTANCE 2: 2,414

RESISTANCE 1: 2,158

SUPPORT 1: 1,597

SUPPORT 2: 1,290

Nifty Metal Outlook for the Week (March 09, 2020 – March 13, 2020)

EquityPandit’s Outlook for NIFTY METAL for the week (March 09, 2020 – March 13, 2020):

NIFTY METAL:

NIFTY METAL Index closed the week on negative note losing 62.15 points 2.77%.

Weekly High: 2,351.45

Weekly Low: 2,133.80

Weekly Close: 2,183.90

metal 9mar

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2125 levels, whereas minor resistance on the upside is capped around 2250-2275 levels.

If NIFTY METAL 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 2025 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 2350.

Currently NIFTY METAL 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 2050 on downside and 2300 on upside.

Weekly Pivot Levels:

RESISTANCE 2: 2,440

RESISTANCE 1: 2,312

SUPPORT 1: 2,094

SUPPORT 2: 2,005

Nifty Metal Outlook for the Week (March 02, 2020 – March 06, 2020)

EquityPandit’s Outlook for NIFTY METAL for the week (March 02, 2020 – March 06, 2020):

NIFTY METAL:

NIFTY METAL Index closed the week on negative note losing 366.20 points 14.02%.

Weekly High: 2,578.80

Weekly Low: 2,230.60

Weekly Close: 2,246.05

metal 2mar

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2125 levels, whereas minor resistance on the upside is capped around 2375-2400 levels.

If NIFTY METAL 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 2000 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 2550.

Currently NIFTY METAL 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 2025 on downside and 2500 on upside.

Weekly Pivot Levels:

RESISTANCE 2: 2,700

RESISTANCE 1: 2,473

SUPPORT 1: 2,124

SUPPORT 2: 2,003

Nifty Metal Outlook for the Week (Feb 24, 2020 – Feb 28, 2020)

EquityPandit’s Outlook for NIFTY METAL for the week (Feb 24, 2020 – Feb 28, 2020):

NIFTY METAL:

NIFTY METAL Index closed the week on negative note losing 39.35 points 1.48%.

Weekly High: 2,627.25

Weekly Low: 2,514

Weekly Close: 2,612.25

metal 24feb

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2535 levels, whereas minor resistance on the upside is capped around 2675-2700 levels.

If NIFTY METAL 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 2450 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 2750.

Currently NIFTY METAL 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 2475 on downside and 2725 on upside.

Weekly Pivot Levels:

RESISTANCE 2: 2,697

RESISTANCE 1: 2,655

SUPPORT 1: 2,541

SUPPORT 2: 2,471

Nifty Metal Outlook for the Week (Feb 17, 2020 – Feb 21, 2020)

EquityPandit’s Outlook for NIFTY METAL for the week (Feb 17, 2020 – Feb 21, 2020):

NIFTY METAL:

NIFTY METAL Index closed the week on negative note losing 97.20 points 3.59%.

Weekly High: 2,692.85

Weekly Low: 2,608.85

Weekly Close: 2,613.60

metal 17feb

 

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2550 levels, whereas minor resistance on the upside is capped around 2675-2700 levels.

If NIFTY METAL 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 2475 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 2775.

Currently NIFTY METAL 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 2500 on downside and 2725 on upside.

Weekly Pivot Levels:

RESISTANCE 2: 2,722

RESISTANCE 1: 2,668

SUPPORT 1: 2,584

SUPPORT 2: 2,554

Nifty Metal Outlook for the Week (Feb 10, 2020 – Feb 14, 2020)

EquityPandit’s Outlook for NIFTY METAL for the week (Feb 10, 2020 – Feb 14, 2020):

NIFTY METAL:

NIFTY METAL Index closed the week on positive note gaining 230.25 points 9.28%.

Weekly High: 2,715.85

Weekly Low: 2,458.45

Weekly Close: 2,710.80

metal 10feb

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2600 levels, whereas minor resistance on the upside is capped around 2775-2800 levels.

If NIFTY METAL 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 2525 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 2875.

Currently NIFTY METAL 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 2575 on downside and 2850 on upside.

Weekly Pivot Levels:

RESISTANCE 2: 2,885

RESISTANCE 1: 2,798

SUPPORT 1: 2,540

SUPPORT 2: 2,370

Nifty Metal Outlook for the Week (Jan 27, 2020 – Jan 31, 2020)

EquityPandit’s Outlook for NIFTY METAL for the week (Jan 27, 2020 – Jan 31, 2020):

NIFTY METAL:

NIFTY METAL Index closed the week on negative note losing 68.45 points 2.39%.

Weekly High: 2,882.35

Weekly Low: 2,749.50

Weekly Close: 2,796.20

metal 27jan

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2735 levels, whereas minor resistance on the upside is capped around 2870-2900 levels.

If NIFTY METAL 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 2665 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 2975.

Currently NIFTY METAL 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 2675 on downside and 2900 on upside.

Weekly Pivot Level For Nifty METAL Index:

RESISTANCE 2: 2,942

RESISTANCE 1: 2,869

SUPPORT 1: 2,736

SUPPORT 2: 2,676

Nifty Metal Outlook for the Week (Jan 20, 2020 – Jan 24, 2020)

EquityPandit’s Outlook for NIFTY METAL for the week (Jan 20, 2020 – Jan 24, 2020):

NIFTY METAL:

NIFTY METAL Index closed the week on positive note gaining 23.90 points 0.84%.

Weekly High: 2,927.95

Weekly Low: 2,846.15

Weekly Close: 2,864.65

energy 20jan

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2800 levels, whereas minor resistance on the upside is capped around 2900-2925 levels.

If NIFTY METAL 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 2725 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 3000.

Currently NIFTY METAL 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 2750 on downside and 2950 on upside.

RESISTANCE 2: 2,961

RESISTANCE 1: 2,913

SUPPORT 1: 2,831

SUPPORT 2: 2,797

Nifty Metal Outlook for the Week (Jan 13, 2020 – Jan 17, 2020)

EquityPandit’s Outlook for NIFTY METAL for the week (Jan 13, 2020 – Jan 17, 2020)

NIFTY METAL:

NIFTY METAL Index closed the week on negative note losing 7.60 points 0.27%.

Weekly High: 2,864.55

Weekly Low: 2,736.40

Weekly Close: 2,840.75

metal 13jan

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2775 levels, whereas minor resistance on the upside is capped around 2875-2900 levels.

If NIFTY METAL 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 2725 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 2950.

Currently NIFTY METAL 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 2750 on downside and 2925 on upside.

 

Weekly Pivot Levels:

—————————–

RESISTANCE 2: 2,942

RESISTANCE 1: 2,891

—————————-

SUPPORT 1: 2,763

SUPPORT 2: 2,685

—————————-

Nifty Metal Outlook for the Week (Jan 06, 2020 – Jan 10, 2020)

EquityPandit’s Outlook for NIFTY METAL for the week (Jan 06, 2020 – Jan 10, 2020):

NIFTY METAL:

NIFTY METAL Index closed the week on positive note gaining 88 points 3.19%.

Weekly High: 2,873.10

Weekly Low: 2,737.70

Weekly Close: 2,848.45

auto 6jan

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2765 levels, whereas minor resistance on the upside is capped around 2900-2925 levels.

If NIFTY METAL 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 2725 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 2975.

Currently NIFTY METAL 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 2750 on downside and 2950 on upside.

RESISTANCE 2: 2,955

RESISTANCE 1: 2,901

SUPPORT 1: 2,766

SUPPORT 2: 2,684

Nifty Metal Outlook for the Week (Dec 30, 2019 – Jan 03, 2020):

EquityPandit Thanks Viewer & Clients For The Love & Support  In The Year 2019.  The Time Has Come To Say Goodbye To Year 2019. We Wish Best Of Luck For The Year 2020. 

HAPPY TRADING !!


NIFTY METAL:

NIFTY METAL Index closed the week on positive note gaining 52.85 points 1.95%.

Weekly High: 2,768.75

Weekly Low: 2,694.55

Weekly Close: 2,760.35

metal 30dec

 

 

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2700 levels, whereas minor resistance on the upside is capped around 2800-2825 levels.

If NIFTY METAL 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 2650 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 2875.

Currently NIFTY METAL 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 2700 on downside and 2850 on upside.


RESISTANCE 2: 2,815

RESISTANCE 1: 2,787

SUPPORT 1: 2,713

SUPPORT 2: 2,667


 

Nifty Metal Outlook for the Week (Dec 16, 2019 – Dec 20, 2019)

EquityPandit’s Outlook for NIFTY METAL for the week (Dec 16, 2019 – Dec 20, 2019):

NIFTY METAL:

NIFTY METAL Index closed the week on positive note gaining 90.90 points 3.58%.

Weekly High: 2,645.30

Weekly Low: 2,484

Weekly Close: 2,626.75

metal 16dec

 

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2525 levels, whereas minor resistance on the upside is capped around 2700-2725 levels.

If NIFTY METAL 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 2450 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 2800.

Currently NIFTY METAL 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 2500 on downside and 2800 on upside.

 

RESISTANCE 2: 2,746

RESISTANCE 1: 2,686

SUPPORT 1: 2,525

SUPPORT 2: 2,424

Nifty Metal Outlook for the Week (Dec 09, 2019 – Dec 13, 2019)

EquityPandit’s Outlook for NIFTY METAL for the week (Dec 09, 2019 – Dec 13, 2019):

NIFTY METAL:

NIFTY METAL Index closed the week on negative note losing 89.65 Points 3.41%.

Weekly High: 2,637.10

Weekly Low: 2,514

Weekly Close: 2,535.85

niftymetal 9dec

 

 

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2450 levels, whereas minor resistance on the upside is capped around 2600-2625 levels.

If NIFTY METAL 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 2375 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 2700.

Currently NIFTY METAL 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 2400 on downside and 2650 on upside.

 

RESISTANCE 2: 2,685

RESISTANCE 1: 2,610

SUPPORT 1: 2,487

SUPPORT 2: 2,439

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

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

NIFTY METAL:

NIFTY METAL Index closed the week on positive note gaining 22.35 Points 0.89%.

Weekly High: 2,550.30

Weekly Low: 2,466.65

Weekly Close: 2,521.15

niftymetal 25nov
Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2425 levels, whereas minor resistance on the upside is capped around 2575-2600 levels.

If NIFTY METAL 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 2350 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 2700.

Currently NIFTY METAL 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 2400 on downside and 2650 on upside.

 

RESISTANCE 2: 2,596

RESISTANCE 1: 2,558

SUPPORT 1: 2,475

SUPPORT 2: 2,429

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

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

NIFTY METAL:

NIFTY METAL Index closed the week on negative note losing 114.15 Points 4.37%.

Weekly High: 2,637.80

Weekly Low: 2,491

Weekly Close: 2,498.80

niftymetal 18nov

 

 

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2450 levels, whereas minor resistance on the upside is capped around 2575-2600 levels.

If NIFTY METAL 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 2375 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 2700.

Currently NIFTY METAL 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 2400 on downside and 2650 on upside.

 
RESISTANCE 2: 2,689

RESISTANCE 1: 2,594

SUPPORT 1: 2,447

SUPPORT 2: 2,395

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

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

NIFTY METAL Index closed the week on positive note gaining 51.20 Points 2.00%.

Weekly High: 2,677.85

Weekly Low: 2,578.35

Weekly Close: 2,612.95

niftymetal nov11

 

 

NIFTY METAL:
Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2550 levels, whereas minor resistance on the upside is capped around 2675-2700 levels.

If NIFTY METAL 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 2450 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 2800.

Currently NIFTY METAL 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 2450 on downside and 2750 on upside.

 

WEEKLY PIVOT LEVELS FOR NIFTY METAL:

RESISTANCE 2: 2,722

RESISTANCE 1: 2,667

SUPPORT 1: 2,568

SUPPORT 2: 2,523

 

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

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

NIFTY METAL:

NIFTY METAL Index closed the week on positive note gaining 150.90 Points 6.26%.

Weekly High: 2,568.35

Weekly Low: 2,428.40

Weekly Close: 2,561.75

niftymetal nov4

 

 

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2450 levels, whereas minor resistance on the upside is capped around 2625-2650 levels.

If NIFTY METAL 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 2350 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 2750.

Currently NIFTY METAL 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 2400 on downside and 2750 on upside.
RESISTANCE 2: 2,659

RESISTANCE 1: 2,610

SUPPORT 1: 2,470

SUPPORT 2: 2,379

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

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

NIFTY METAL:

NIFTY METAL Index closed the week on positive note gaining 118.90 Points 5.09%.

Weekly High: 2,463.25

Weekly Low: 2,331.45

Weekly Close: 2,456

niftymetal 21oct

 

 

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2350 levels, whereas minor resistance on the upside is capped around 2500-2525 levels.

If NIFTY METAL 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 2250 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 2650.

Currently NIFTY METAL 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 2300 on downside and 2650 on upside.

 

RESISTANCE 2: 2,548

RESISTANCE 1: 2,502

SUPPORT 1: 2,370

SUPPORT 2: 2,285

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

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

NIFTY METAL:

 

NIFTY METAL Index closed the week on positive note gaining 39.90 Points 1.74%

Weekly High: 2357.50

Weekly Low: 2252.35

Weekly Close: 2337.10

 

niftymetal 14oct

 

RESISTANCE 2: 2,420

RESISTANCE 1: 2,378

SUPPORT 1: 2,273

SUPPORT 2: 2,210

 

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2250 levels, whereas minor resistance on the upside is capped around 2375-2425 levels.

If NIFTY METAL 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 2150 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 2550.

Currently NIFTY METAL 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 2150 on downside and 2550 on upside.

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

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

NIFTY METAL Index closed the week on positive note gaining 4.05 Points +0.17%

Weekly High: 2449.75

Weekly Low: 2290

Weekly Close: 2297.20

niftymetal 07oct

 
RESISTANCE 2: 2,505

RESISTANCE 1: 2,401

SUPPORT 1: 2,241

SUPPORT 2: 2,185

 

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2175 levels, whereas minor resistance on the upside is capped around 2450-2475 levels.

If NIFTY METAL 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 2075 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 2550.

Currently NIFTY METAL 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 2100 on downside and 2500 on upside.

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

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

NIFTY METAL:

NIFTY METAL Index closed the week on positive note gaining 4.05 Points +0.17%

Weekly High: 2576.25

Weekly Low: 2404.50

Weekly Close: 2453.95

niftymetal 30sept

 

RESISTANCE 2: 2,649

RESISTANCE 1: 2,551

SUPPORT 1: 2,380

SUPPORT 2: 2,306

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2325 levels, whereas minor resistance on the upside is capped around 2600-2650 levels.

If NIFTY METAL 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 2175 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 2800.

Currently NIFTY METAL 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 2200 on downside and 2650 on upside.

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

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

NIFTY METAL:

NIFTY METAL Index closed the week on positive note gaining 53 Points +2.19%

Weekly High: 2519.40

Weekly Low: 2335.90

Weekly Close: 2497.65

NIFTY METAL

 

RESISTANCE 2: 2,634

RESISTANCE 1: 2,566

SUPPORT 1: 2,382

SUPPORT 2: 2,267

 
Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2400 levels, whereas minor resistance on the upside is capped around 2600-2650 levels.

If NIFTY METAL 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 2325 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 2750.

Currently NIFTY METAL 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 2400 on downside and 2650 on upside.

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

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

NIFTY METAL:

METAL NIFTY

NIFTY METAL Index closed the week on positive note gaining +86.40 Points +3.66%

Weekly High: 2452.55

Weekly Low: 2322.60

Weekly Close: 2444.10

 
RESISTANCE 2: 2536

RESISTANCE 1: 2490

SUPPORT 1: 2360

SUPPORT 2: 2276

 
Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2350 levels, whereas minor resistance on the upside is capped around 2500 levels.

If NIFTY METAL 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 2200 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 2600.

Currently NIFTY METAL 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 2600 on upside and 2200 on downside.

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

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

NIFTY METAL:

METAL NIFTY

NIFTY METAL Index closed the week on positive note gaining +67.75 Points +2.96%

Weekly High: 2366.50

Weekly Low: 2198.85

Weekly Close: 2357.70

 
RESISTANCE 2: 2475

RESISTANCE 1: 2417

SUPPORT 1: 2249

SUPPORT 2: 2140

 
Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2300 levels, whereas minor resistance on the upside is capped around 2450 levels.

If NIFTY METAL 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 2100 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 2500.

Currently NIFTY METAL 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 2500 on upside and 2180 on downside.

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

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

NIFTY METAL:

niftymetal

NIFTY METAL Index closed the week on positive note gaining 11.30 Points 0.50%

Weekly High: 2314.20

Weekly Low: 2174.10

Weekly Close: 2289.95

 
RESISTANCE 2: 2400

RESISTANCE 1: 2345

SUPPORT 1: 2205

SUPPORT 2: 2119

 
Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2200 levels, whereas minor resistance on the upside is capped around 2350-2360 levels.

If NIFTY METAL 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 2100 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 2500.

Currently NIFTY METAL 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 2500 on upside and 2100 on downside.

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

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

NIFTY METAL:

 

METAL NIFTY

 

NIFTY METAL Index closed the week on negative note loosing –123.40 Points -5.14%

Weekly High: 2420.70

Weekly Low: 2183.25

Weekly Close: 2278.65

 
RESISTANCE 2: 2532

RESISTANCE 1: 2405

SUPPORT 1: 2168

SUPPORT 2: 2057

 

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2200 levels, whereas minor resistance on the upside is capped around 2350-2360 levels.

If NIFTY METAL 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 2100 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 2500.

Currently NIFTY METAL 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 2500 on upside and 2100 on downside.

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

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

NIFTY METAL:

 

METAL NIFTY

 

NIFTY METAL Index closed the week on positive note gaining 4.05 Points +0.17%

Weekly High: 2423.65

Weekly Low: 2350.05

Weekly Close: 2402.05

 

RESISTANCE 2: 2466

RESISTANCE 1: 2434

SUPPORT 1: 2360

SUPPORT 2: 2318

 

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2350 levels, whereas minor resistance on the upside is capped around 2500-2480 levels.

If NIFTY METAL 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 2250 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 2650.

Currently NIFTY METAL 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 2650 on upside and 2250 on downside.

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

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

NIFTY METAL:

 

MEDIA NIFTY

 

NIFTY METAL Index closed the week on negative note loosing –61.1 Points –2.48%

Weekly High: 2466.50

Weekly Low: 2355.75

Weekly Close: 2398

 

RESISTANCE 2: 2518

RESISTANCE 1: 2458

SUPPORT 1: 2347

SUPPORT 2: 2296

 

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2500 levels, whereas minor resistance on the upside is capped around 2350-2360 levels.

If NIFTY METAL 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 2250 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 2650.

Currently NIFTY METAL 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 2650on upside and 2250 on downside.

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

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

NIFTY METAL:

 

METAL NIFTY

 

NIFTY METAL Index closed the week on negative note loosing –233.35 Points –8.67%

Weekly High: 2689.15

Weekly Low: 2430.35

Weekly Close: 2459.10

 

RESISTANCE 2: 2785

RESISTANCE 1: 2622

SUPPORT 1: 2363

SUPPORT 2: 2267

 

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2400 levels, whereas minor resistance on the upside is capped around 2570-2580 levels.

If NIFTY METAL 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 2250 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 2660.

Currently NIFTY METAL 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 2660on upside and 2250 on downside.

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

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

NIFTY METAL:

 

NIFTY METALS

 

NIFTY METAL Index closed the week on negative note loosing –84.45 Points –2.99%

Weekly High: 2859.40

Weekly Low: 2734.00

Weekly Close: 2741.85

 

RESISTANCE 2: 2904

RESISTANCE 1: 2823

SUPPORT 1: 2697

SUPPORT 2: 2653

 

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2700 levels, whereas minor resistance on the upside is capped around 2750-2770 levels.

If NIFTY METAL 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 2650 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 2850.

Currently NIFTY METAL 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 2850 on upside and 2650 on downside.

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

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

NIFTY METAL:

 

NIFTY METAL

 

NIFTY METAL Index closed the week on negative note loosing –24.95 Points –0.88%

Weekly High: 2859.55

Weekly Low: 2736.60

Weekly Close: 2826.30

 

RESISTANCE 2: 2930

RESISTANCE 1: 2878

SUPPORT 1: 2755

SUPPORT 2: 2685

 

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2770-2750 levels, whereas minor resistance on the upside is capped around 2850-2860 levels.

If NIFTY METAL 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 2730 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 2930.

Currently NIFTY METAL 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 2930 on upside and 2730 on downside.

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

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

NIFTY METAL:

 

nifty metal

 

NIFTY ENERGY Index closed the week on negative note loosing –228.40 Points –1.42%

Weekly High: 16247.10

Weekly Low: 15772.15

Weekly Close: 15818.40

———————————————–

RESISTANCE 2: 16421

RESISTANCE 1: 16120

SUPPORT 1: 15645

SUPPORT 2: 15471

———————————————–

Technically on the daily charts we see minor support on the downside for NIFTY ENERGY index lies at 15730 levels, whereas minor resistance on the upside is capped around 15980-16000 levels.

If NIFTY ENERGY index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 15500 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 16250

Currently NIFTY ENERGY 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 16250 on upside and 15500 on downside.

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

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

NIFTY METAL:

 

nifty metal

 

NIFTY METAL Index closed the week on positive note gaining +50.00 Points +1.70%

Weekly High: 3044.50

Weekly Low: 2854.90

Weekly Close: 2980.20
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RESISTANCE 2: 3149.40

RESISTANCE 1: 3064.80

SUPPORT 1: 2875.20

SUPPORT 2: 2770.20

—————————

Technically on the daily charts we see minor support on the downside for NIFTY METAL index lies at 2920 levels, whereas minor resistance on the upside is capped around 3040-3050 levels.

If NIFTY METAL 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 2850 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 3160

Currently NIFTY METAL 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 3160 on upside and 2850 on downside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 
NIFTY METAL Index closed the week on negative note losing –14.70 Points –0.50%
Technically on the daily charts we see minor support on the downside for index lies at 2830 levels, whereas minor resistance on the upside is capped around 2950 levels.

If Nifty Metal 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 2760 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 3060

Currently Nifty Metal index is trading below 200 days exponential moving average suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 3060 on upside and 2760 on downside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 
NIFTY METAL Index closed the week on negative note losing –113.75 Points –0.70%

 
Technically on the daily charts we see minor support on the downside for index lies at 2880 levels, whereas minor resistance on the upside is capped around 2990 levels.

If Nifty Metal 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 2760 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 3060

Currently Nifty Metal index is trading below 200 days exponential moving average suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 3060 on upside and 2760 on downside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 
NIFTY METAL Index closed the week on negative note losing –17.55 Points –0.60%
Technically on the daily charts we see minor support on the downside for index lies at 2850– 2870 levels, whereas minor resistance on the upside is capped around 3000– 3020 levels.

If Nifty Metal 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 2770– 2760 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 3170– 3180

Currently Nifty Metal index is trading below 200 days exponential moving average suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 3170- 3180 on upside and 2770– 2760 on downside.

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

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

NIFTY METAL:

 

NIFTYMETAL
NIFTY METAL Index closed the week on positive note gaining +97.05 Points +3.46%

 
Technically on the daily charts we see minor support on the downside for index lies at 2850– 2870 levels, whereas minor resistance on the upside is capped around 3000– 3020 levels.

If Nifty Metal 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 2770– 2760 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 3170– 3180

Currently Nifty Metal index is trading below 200 days exponential moving average suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 3170- 3180 on upside and 2770– 2760 on downside.

 

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

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

NIFTY METAL:

 

NIFTYMETAL

 
NIFTY METAL Index closed the week on positive note gaining +97.05 Points +3.46%

Weekly High: 2927.7

Weekly Low: 2779.2

Weekly Close: 2904.30

Technically on the daily charts we see minor support on the downside for index lies at 2750– 2700 levels, whereas minor resistance on the upside is capped around 2935– 2955 levels.

If Nifty Metal 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 2750– 2760 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 3050– 3070

Currently Nifty Metal index is trading below 200 days exponential moving average suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 3050– 3070 on upside and 2750– 2760 on downside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

NIFTY METAL Index closed the week on negative note gaining -208.75 Points -6.77%

Weekly High: 3108.95

Weekly Low: 2855.05

Weekly Close: 2872.50

Technically on the daily charts we see minor support on the downside for index lies at 2850– 2830 levels, whereas minor resistance on the upside is capped around 2935– 2955 levels.

If Nifty Metal 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 2750– 2760 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 3050– 3070

Currently Nifty Metal index is trading below 200 days exponential moving average suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 3050– 3070 on upside and 2750– 2760 on downside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 
NIFTY METAL Index closed the week on positive note gaining -33.50 Points +1.10%

Weekly High: 3108.95

Weekly Low: 2985

Weekly Close: 3081.25

Nifty Metal index facing resistance levels of 200 EMA & 100 EMA, Technically on the daily charts we see minor support on the downside for index lies at 3050– 3030 levels, whereas minor resistance on the upside is capped around 3170– 3200 levels.

If Nifty Metal 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 2850– 2830 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 3350– 3400

Currently Nifty Metal index is trading below 200 days exponential moving average suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 3350– 3400 on upside and 2850– 2830 on downside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

NIFTY METAL Index closed the week on positive note gaining -63.20 Points -2.03%

Weekly High: 3158.30

Weekly Low: 2958

Weekly Close: 3046.65

Nifty Metal index facing resistance levels of 200 EMA & 100 EMA, Technically on the daily charts we see minor support on the downside for index lies at 2970- 2950 levels, whereas minor resistance on the upside is capped around 3080- 3100 levels.

If Nifty Metal 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 2900- 2920 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 3170- 3200

Currently Nifty METAL index is trading below 200 days exponential moving average suggests long term trend is bearish.

EquityPandit’s analyst predicts range for the week is seen from 3170- 3200 on upside and 2900- 2920 on downside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

NIFTY METAL Index closed the week on positive note gaining +4.65 Points +0.15%

Weekly High: 3177.4

Weekly Low: 3050.7

Weekly Close: 3109.85

Nifty Metal index facing resistance levels of 200 EMA, We may see fresh buying in metal components only once index closes above 200 EMA, Technically on the daily charts we see minor support on the downside for index lies at 3050- 3000 levels, whereas minor resistance on the upside is capped around 3170- 3200 levels.

If Nifty METAL 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 2900- 2950 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 3270- 3300

Currently Nifty METAL index is trading below 200 days exponential moving average suggests long term trend is bearish.

EquityPandit’s analyst predicts range for the week is seen from 3270- 3300 on upside and 2900- 2950 on downside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

NIFTY METAL Index closed the week on negative note losing -60.75 Points -1.94%

Weekly High: 3162.2

Weekly Low: 3050.7

Weekly Close: 3071.60

Nifty Metal index facing resistance levels of 200 EMA, We may see fresh buying in metal components only once index closes above 200 EMA, Technically on the daily charts we see minor support on the downside for index lies at 3050- 3000 levels, whereas minor resistance on the upside is capped around 3170- 3200 levels.

If Nifty METAL 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 2900- 2950 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 3300- 3350

Currently Nifty METAL index is trading below 200 days exponential moving average suggests long term trend is bearish.

EquityPandit’s analyst predicts range for the week is seen from 3300- 3350 on upside and 2820- 2800 on downside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

NIFTY METAL Index closed the week on positive note gaining+88.82 Points (+2.90%).

Weekly High: 3145.95

Weekly Low: 2990.15

Weekly Close: 3132.15

Nifty Metal index last week broke the resistance levels of 100 EMA and trading above 100 EMA on daily, Metal index is all set to break 200 EMA and we may see smart money flow in metal sector once sustains above 200 EMA. Technically on the daily charts we see minor support on the downside for index lies at 3050- 3000 levels, whereas minor resistance on the upside is capped around 3170- 3200 levels.

If Nifty METAL 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 2900- 2950 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 3300- 3350

Currently Nifty METAL index is trading below 200 days exponential moving average suggests long term trend is bearish.

EquityPandit’s analyst predicts range for the week is seen from 3300- 3350 on upside and 2820- 2800 on downside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

NIFTY METAL Index closed the week on positive note gaining +60.95 Points (+2.04%).

Weekly High: 3053.15

Weekly Low: 2920.60

Weekly Close: 3044.15

Nifty Metal index trading near to 100 days exponential moving average which is acting as stiff resistance for the index, last week we have seen sell off in zone of 3065- 3085, if sustains above 3100 levels we may see buying attraction resuming in nifty metal index, Technically on the daily charts we see minor support on the downside for index lies at 2900- 2950 levels, whereas minor resistance on the upside is capped around 3170- 3200 levels.

If Nifty METAL 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 2820- 2800 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 3300- 3350

Currently Nifty METAL index is trading below 200 days exponential moving average suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 3300- 3350 on upside and 2820- 2800 on downside.

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

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

NIFTY METAL:

 

NIFTY METAL

 

NIFTY METAL Index closed the week on negative note losing -18.85 Points (-0.63%).

Weekly High: 3055.20

Weekly Low: 2973.35

Weekly Close: 2983.20

Nifty Metal index trading near to 100 days exponential moving average which is acting as stiff resistance for the index, last week we have seen sell off in zone of 3065- 3085, if sustains above 3100 levels we may see buying attraction resuming in nifty metal index, Technically on the daily charts we see minor support on the downside for index lies at 2800-2750 levels, whereas minor resistance on the upside is capped around 3200- 3250 levels.

If Nifty METAL 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 2500- 2400 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 3500-3600

Currently Nifty METAL index is trading below 200 days exponential moving average suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 3500- 3600 on upside and 2500- 2400 on downside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

NIFTY METAL Index closed the week on positive note gaining +60.30 Points (+2.05%).

Weekly High: 3065.80

Weekly Low: 2938.05

Weekly Close: 3008.25

Nifty Metal index trading near to 100 days exponential moving average which is acting as stiff resistance for the index, last week we have seen sell off in zone of 3065- 3085, if sustains above 3100 levels we may see buying attraction resuming in nifty metal index, Technically on the daily charts we see minor support on the downside for index lies at 2800-2750 levels, whereas minor resistance on the upside is capped around 3200- 3250 levels.

If Nifty METAL 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 2500- 2400 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 3500-3600

Currently Nifty METAL index is trading below 200 days exponential moving average suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 3500- 3600 on upside and 2500- 2400 on downside.

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

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

NIFTY METAL:

 

Nifty Metal

 

NIFTY METAL Index closed the week on positive note gaining 76.35 Points (+2.66%).

Weekly High: 3035.70

Weekly Low: 2895.00

Weekly Close: 2947.95

Technically on the daily charts we see minor support on the downside for index lies at 2800-2700 levels, where as minor resistance on the upside is capped around 3200- 3300 levels.

If Nifty METAL 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 2500- 2400 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 3500-3600

Currently Nifty METAL index is trading below 200 days exponential moving average suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 3500- 3600 on upside and 2500- 2400 on downside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL 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 2800 to 2850 where long term Fibonacci levels are lying. If the index manages close above these levels then the index can move to the levels of 2900 to 2950 from where the index broke down after consolidation and low for the month of December-2018 is lying. During the week the index manages to hit a high of 2926 and close the week around the levels of 2923.

Support for index lies around 2800 to 2850 where long term Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 2700 to 2750 from where the index broke out of consolidation.

Resistance for the index lies in the zone of 2950 to 3000 from where the index broke down after consolidation and low for the month of December-2018 is lying. If the index manages close above these levels then the index can move to the levels of 3050 to 3100 where Fibonacci levels and medium term moving averages are lying.

Broad range for the index is seen between 2750 to 2800 on downside & 3050 to 3100 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on positive note gaining around 6.20%.

As we have mentioned last week, that support for index lies around 2600 to 2650. If the index manages to close below these levels then the index can witness a free fall to the levels of 2500 to 2550 where long term Fibonacci levels are lying. During the week the index manages to hit a low of 2650 and close the week around the levels of 2842.

Minor support for the index lies around 2700 to 2750. Support for index lies around 2600 to 2650 where the index has formed a double bottom pattern. If the index manages to close below these levels then the index can witness a free fall to the levels of 2500 to 2550 where long term Fibonacci levels are lying.

Resistance for the index lies in the zone of 2800 to 2850 where long term Fibonacci levels are lying. If the index manages close above these levels then the index can move to the levels of 2900 to 2950 from where the index broke down after consolidation and low for the month of December-2018 is lying.

Broad range for the index is seen between 2700 to 2750 on downside & 2950 to 3000 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 2800 to 2850 where long term Fibonacci levels are lying. If the index manages close above these levels then the index can move to the levels of 2900 to 2950 from where the index broke down after consolidation and low for the month of December-2018 is lying. During the week the index manages to hit a high of 2805 and close the week around the levels of 2677.

Support for index lies around 2600 to 2650. If the index manages to close below these levels then the index can witness a free fall to the levels of 2500 to 2550 where long term Fibonacci levels are lying.

Resistance for the index lies in the zone of 2800 to 2850 where long term Fibonacci levels are lying. If the index manages close above these levels then the index can move to the levels of 2900 to 2950 from where the index broke down after consolidation and low for the month of December-2018 is lying.

Broad range for the index is seen between 2500 to 2550 on downside & 2850 to 2900 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that support for the index lies in the zone of 2800 to 2850 where long term Fibonacci levels are lying. If the index manages to close below these levels then the index can witness a freefall and the index can drift to the levels of 2500 to 2550. During the week the index manages to hit a low of 2732 and close the week around the levels of 2741.

The index has broken down from the long term support zone of 2800 to 2850. So the index can witness a freefall and the index can drift to the levels of 2500 to 2550.

Resistance for the index lies in the zone of 2800 to 2850 where long term Fibonacci levels are lying. If the index manages close above these levels then the index can move to the levels of 2900 to 2950 from where the index broke down after consolidation and low for the month of December-2018 is lying.

Broad range for the index is seen between 2600 to 2650 on downside & 2900 to 2950 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that minor resistance for the index lies around 2920 to 2950. Resistance for the index lies in the zone of 3030 to 3080 where Fibonacci levels and short term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3150 to 3200 where Fibonacci levels and medium term moving averages are lying. During the week the index manages to hit a high of 2920 and close the week around the levels of 2816.

Support for the index lies in the zone of 2800 to 2850 where long term Fibonacci levels are lying. If the index manages to close below these levels then the index can witness a freefall and the index can drift to the levels of 2500 to 2550.

Minor resistance for the index lies around 2920 to 2950. Resistance for the index lies in the zone of 3030 to 3080 where Fibonacci levels and short term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3150 to 3200 where Fibonacci levels and medium term moving averages are lying.

Broad range for the index is seen between 2650 to 2700 on downside & 3000 to 3050 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on negative note losing around 3.40%.

As we have mentioned last week, that support for the index lies in the zone of 2850 to 2900 where long term Fibonacci levels are lying. If the index manages to close below these levels then the index can witness a freefall and the index can drift to the levels of 2500 to 2550. During the week the index manages to hit a low of 2847 and close the week around the levels of 2858.

Support for the index lies in the zone of 2830 to 2860 where long term Fibonacci levels are lying. If the index manages to close below these levels then the index can witness a freefall and the index can drift to the levels of 2500 to 2550.

Minor resistance for the index lies around 2920 to 2950. Resistance for the index lies in the zone of 3030 to 3080 where Fibonacci levels and short term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3150 to 3200 where Fibonacci levels and medium term moving averages are lying.

Broad range for the index is seen between 2700 to 2750 on downside & 3000 to 3050 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL 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 3050 to 3100 where Fibonacci levels are lying. If the index manages close above these levels then the index can move to the levels of 3150 to 3200 where Fibonacci levels and short term moving averages are lying. During the week the index manages to hit a high of 3004 and close the week around the levels of 2957.

Support for the index lies in the zone of 2850 to 2900 where long term Fibonacci levels are lying. If the index manages to close below these levels then the index can witness a freefall and the index can drift to the levels of 2500 to 2550.

Resistance for the index lies in the zone of 3030 to 3080 where Fibonacci levels are lying. If the index manages close above these levels then the index can move to the levels of 3150 to 3200 where Fibonacci levels and short term moving averages are lying.

Broad range for the index is seen between 2800 to 2850 on downside & 3100 to 3150 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL 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 3050 to 3100 where Fibonacci levels are lying. If the index manages close above these levels then the index can move to the levels of 3150 to 3200 where Fibonacci levels and short term moving averages are lying. During the week the index manages to hit a high of 3055 and close the week around the levels of 2971.

Support for the index lies in the zone of 2850 to 2900 where long term Fibonacci levels are lying. If the index manages to close below these levels then the index can witness a freefall and the index can drift to the levels of 2500 to 2550.

Resistance for the index lies in the zone of 3050 to 3100 where Fibonacci levels are lying. If the index manages close above these levels then the index can move to the levels of 3150 to 3200 where Fibonacci levels and short term moving averages are lying.

Broad range for the index is seen between 2800 to 2850 on downside & 3100 to 3150 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on negative note losing around 3.50%.

As we have mentioned last week, that support for the index lies in the zone of 3050 to 3100 where Fibonacci levels are lying. If the index manages to close below these levels then the index can witness a freefall and the index can drift to the levels of 2850 to 2900. During the week the index manages to hit a low of 2949 and close the week around the levels of 3002.

Support for the index lies in the zone of 2850 to 2900 where long term Fibonacci levels are lying. If the index manages to close below these levels then the index can witness a freefall and the index can drift to the levels of 2500 to 2550.

Resistance for the index lies in the zone of 3050 to 3100 where Fibonacci levels are lying. If the index manages close above these levels then the index can move to the levels of 3150 to 3200 where Fibonacci levels and short term moving averages are lying.

Broad range for the index is seen between 2850 to 2900 on downside & 3150 to 3200 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that support for the index lies in the zone of 3050 to 3100 where Fibonacci levels are lying. If the index manages to close below these levels then the index can witness a freefall and the index can drift to the levels of 2850 to 2900. During the week the index manages to hit a low of 3050 and close the week around the levels of 3112.

Support for the index lies in the zone of 3050 to 3100 where Fibonacci levels are lying. If the index manages to close below these levels then the index can witness a freefall and the index can drift to the levels of 2850 to 2900.

Minor resistance for the index lies in the zone of 3200 to 3250. Resistance for the index lies in the zone of 3350 to 3400 where Fibonacci levels and medium term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3450 to 3500 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen between 2950 to 3000 on downside & 3250 to 3300 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that minor resistance for the index lies in the zone of 3200 to 3250. Resistance for the index lies in the zone of 3350 to 3400 where Fibonacci levels and medium term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3450 to 3500 where Fibonacci levels and long term moving averages are lying. During the week the index manages to hit a high of 3223 and close the week around the levels of 3162.

Support for the index lies in the zone of 3050 to 3100 where Fibonacci levels are lying. If the index manages to close below these levels then the index can witness a freefall and the index can drift to the levels of 2850 to 2900.

Minor resistance for the index lies in the zone of 3200 to 3250. Resistance for the index lies in the zone of 3350 to 3400 where Fibonacci levels and medium term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3450 to 3500 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen between 3000 to 3050 on downside & 3300 to 3350 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL 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 3050 to 3100 where the index has taken support in the month of July-2018 and November-2018. If the index manages to close below these levels then the index can witness a freefall and the index can drift to the levels of 2850 to 2900. During the week the index manages to hit a low of 2985 and close the week around the levels of 3112.

Support for the index lies in the zone of 3050 to 3100 where Fibonacci levels are lying. If the index manages to close below these levels then the index can witness a freefall and the index can drift to the levels of 2850 to 2900.

Minor resistance for the index lies in the zone of 3200 to 3250. Resistance for the index lies in the zone of 3350 to 3400 where Fibonacci levels and medium term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3450 to 3500 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen between 2900 to 2950 on downside & 3250 to 3300 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL 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 3050 to 3100 where the index has taken support in the month of July-2018 and November-2018. If the index manages to close below these levels then the index can witness a freefall and the index can drift to the levels of 2850 to 2900. During the week the index manages to hit a low of 3042 and close the week around the levels of 3071.

Support for the index lies in the zone of 3050 to 3100 where the index has taken support in the month of July-2018 and November-2018. If the index manages to close below these levels then the index can witness a freefall and the index can drift to the levels of 2850 to 2900.

Minor resistance for the index lies in the zone of 3200 to 3250. Resistance for the index lies in the zone of 3350 to 3400 where Fibonacci levels and short term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3450 to 3500 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen between 2900 to 2950 on downside & 3250 to 3300 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that support for the index lies in the zone of 3150 to 3200 where long term Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3000 to 3050 where the index has taken support in the month of July-2018. During the week the index manages to hit a low of 3092 and close the week around the levels of 3164.

Support for the index lies in the zone of 3050 to 3100 where the index has taken support in the month of July-2018 and November-2018. If the index manages to close below these levels then the index can witness a freefall and the index can drift to the levels of 2850 to 2900.

Minor resistance for the index lies in the zone of 3200 to 3250. Resistance for the index lies in the zone of 3350 to 3400 where Fibonacci levels and short term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3450 to 3500 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen between 3000 to 3050 on downside & 3400 to 3450 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 3350 to 3380. Support for the index lies in the zone of 3150 to 3200 where long term Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3000 to 3050 where the index has taken support in the month of July-2018. During the week the index manages to hit a low of 3208 and close the week around the levels of 3215.

Support for the index lies in the zone of 3150 to 3200 where long term Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3000 to 3050 where the index has taken support in the month of July-2018.

Minor resistance for the index lies in the zone of 3300 to 3350. Resistance for the index lies in the zone of 3450 to 3500 where Fibonacci levels and medium term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3550 to 3600 where Fibonacci levels and short & long term moving averages are lying.

Broad range for the index is seen between 3000 to 3050 on downside & 3400 to 3450 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 3450 to 3500 where Fibonacci levels and short term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3550 to 3600 where Fibonacci levels and short & long term moving averages are lying. During the week the index manages to hit a high of 3463 and close the week around the levels of 3355.

Minor support for the index lies in the zone of 3350 to 3380. Support for the index lies in the zone of 3150 to 3200 where long term Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3000 to 3050 where the index has taken support in the month of July-2018.

Resistance for the index lies in the zone of 3450 to 3500 where Fibonacci levels and medium term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3550 to 3600 where Fibonacci levels and short & long term moving averages are lying.

Broad range for the index is seen between 3200 to 3250 on downside & 3500 to 3550 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 3400 to 3450 where Fibonacci levels and medium term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3500 to 3550 where Fibonacci levels and short & long term moving averages are lying. During the week the index manages to hit a high of 3480 and close the week around the levels of 3432.

Minor support for the index lies in the zone of 3350 to 3380. Support for the index lies in the zone of 3150 to 3200 where long term Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3000 to 3050 where the index has taken support in the month of July-2018.

Resistance for the index lies in the zone of 3450 to 3500 where Fibonacci levels and short term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3550 to 3600 where Fibonacci levels and short & long term moving averages are lying.

Broad range for the index is seen between 3200 to 3250 on downside & 3550 to 3600 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on positive note gaining around .

As we have mentioned last week, that minor resistance for the index lies in the zone of 3320 to 3350. Resistance for the index lies in the zone of 3400 to 3450 where Fibonacci levels and medium term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3500 to 3550 where Fibonacci levels and long term moving averages are lying. During the week the index manages to hit a high of 3470 and close the week around the levels of 3439.

Minor support for the index lies in the zone of 3320 to 3350. Support for the index lies in the zone of 3150 to 3200 where long term Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3000 to 3050 where the index has taken support in the month of July-2018.

Resistance for the index lies in the zone of 3400 to 3450 where Fibonacci levels and medium term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3500 to 3550 where Fibonacci levels and short & long term moving averages are lying.

Broad range for the index is seen between 3200 to 3250 on downside & 3550 to 3600 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that support for the index lies in the zone of 3330 to 3380 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3250 to 3280 where the index has taken support in the month of August-2018. During the week the index manages to hit a low of 3231 and close the week around the levels of 3284.

Support for the index lies in the zone of 3150 to 3200 where long term Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3000 to 3050 where the index has taken support in the month of July-2018.

Minor resistance for the index lies in the zone of 3320 to 3350. Resistance for the index lies in the zone of 3400 to 3450 where Fibonacci levels and medium term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3500 to 3550 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen between 3100 to 3150 on downside & 3400 to 3450 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that support for the index lies in the zone of 3350 to 3400 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3250 to 3300 where the index has taken support in the month of August-2018. During the week the index manages to hit a low of 3297 and close the week around the levels of 3365.

Support for the index lies in the zone of 3330 to 3380 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3250 to 3280 where the index has taken support in the month of August-2018.

Minor resistance for the index lies in the zone of 3420 to 3450. Resistance for the index lies in the zone of 3500 to 3550 where Fibonacci levels and short term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3600 to 3650 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen between 3200 to 3250 on downside & 3500 to 3550 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL 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 3400 to 3450 where Fibonacci 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 3300 to 3350 where the index has taken support in the month of August-2018. During the week the index manages to hit a low of 3235 and close the week around the levels of 3438.

Support for the index lies in the zone of 3350 to 3400 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3250 to 3300 where the index has taken support in the month of August-2018.

Resistance for the index lies in the zone of 3500 to 3550 where Fibonacci levels and short term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3600 to 3650 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen between 3250 to 3300 on downside & 3600 to 3650 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that support for the index lies in the zone of 3400 to 3450 where Fibonacci 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 3300 to 3350 where the index has taken support in the month of August-2018. During the week the index manages to hit a low of 3396 and close the week around the levels of 3445.

Support for the index lies in the zone of 3400 to 3450 where Fibonacci 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 3300 to 3350 where the index has taken support in the month of August-2018.

Minor resistance for the index lies around 3520 to 3550. Resistance for the index lies in the zone of 3600 to 3630 where Fibonacci levels are lying. If the index manages close above these levels then the index can move to the levels of 3700 to 3750 where high for the month of September-2018 is lying.

Broad range for the index is seen between 3300 to 3350 on downside & 3650 to 3700 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that minor resistance for the index lies around 3700 to 3730. Resistance for the index lies in the zone of 3800 to 3850 where Fibonacci levels and gap for the index is lying. If the index manages close above these levels then the index can move to the levels of 3900 to 3950 where high for the month of April-2018 is lying. During the week the index manages to hit a high of 3725 and close the week around the levels of 3485.

Support for the index lies in the zone of 3400 to 3450 where Fibonacci 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 3300 to 3350 where the index has taken support in the month of August-2018.

Minor resistance for the index lies around 3520 to 3550. Resistance for the index lies in the zone of 3600 to 3630 where Fibonacci levels are lying. If the index manages close above these levels then the index can move to the levels of 3700 to 3750 where high for the month of September-2018 is lying.

Broad range for the index is seen between 3300 to 3350 on downside & 3650 to 3700 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that minor support for the index lies around 3630 to 3670. Support for the index lies in the zone of 3500 to 3550 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3400 to 3450 where Fibonacci levels and short term moving averages are lying. During the week the index manages to hit a low of 3519 and close the week around the levels of 3673.

Minor support for the index lies around 3630 to 3670. Support for the index lies in the zone of 3500 to 3550 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3400 to 3450 where Fibonacci levels and short term moving averages are lying.

Minor resistance for the index lies around 3700 to 3730. Resistance for the index lies in the zone of 3800 to 3850 where Fibonacci levels and gap for the index is lying. If the index manages close above these levels then the index can move to the levels of 3900 to 3950 where high for the month of April-2018 is lying.

Broad range for the index is seen between 3500 to 3550 on downside & 3750 to 3800 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that minor support for the index lies around 3600 to 3620. Support for the index lies in the zone of 3500 to 3550 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3400 to 3450 where Fibonacci levels and short term moving averages are lying. During the week the index manages to hit a low of 3543 and close the week around the levels of 3714.

Minor support for the index lies around 3630 to 3670. Support for the index lies in the zone of 3500 to 3550 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3400 to 3450 where Fibonacci levels and short term moving averages are lying.

Resistance for the index lies in the zone of 3800 to 3850 where Fibonacci levels and gap for the index is lying. If the index manages close above these levels then the index can move to the levels of 3900 to 3950 where high for the month of April-2018 is lying.

Broad range for the index is seen between 3550 to 3600 on downside & 3800 to 3850 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that support for the index lies in the zone of 3500 to 3550 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3400 to 3450 where Fibonacci levels and short term moving averages are lying. During the week the index manages to hit a low of 3538 and close the week around the levels of 3699.

Minor support for the index lies around 3600 to 3620. Support for the index lies in the zone of 3500 to 3550 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3400 to 3450 where Fibonacci levels and short term moving averages are lying.

Resistance for the index lies in the zone of 3680 to 3730 where Fibonacci levels and long term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3800 to 3850 where Fibonacci levels are lying.

Broad range for the index is seen between 3500 to 3550 on downside & 3800 to 3850 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on positive note gaining around 4.60%.

As we have mentioned last week, that resistance for the index lies in the zone of 3500 to 3550 where Fibonacci levels and medium term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3650 to 3700 where Fibonacci levels and long term moving averages are lying. During the week the index manages to hit a high of 3687 and close the week around the levels of 3643.

Support for the index lies in the zone of 3500 to 3550 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3400 to 3450 where Fibonacci levels and short term moving averages are lying.

Resistance for the index lies in the zone of 3650 to 3700 where Fibonacci levels and long term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3800 to 3850 where Fibonacci levels are lying.

Broad range for the index is seen between 3400 to 3450 on downside & 3800 to 3850 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that minor support for the index lies around 3350 to 3400. Support for the index lies in the zone of 3150 to 3200 from where the index broke out in the month of July-2018. If the index manages to close below these levels then the index can drift to the levels of 3050 to 3100 where the index has formed a bottom in the month of July-2018. During the week the index manages to hit a low of 3394 and close the week around the levels of 3481.

Minor support for the index lies around 3380 to 3430. Support for the index lies in the zone of 3200 to 3250 from where the index broke out in the month of July-2018. If the index manages to close below these levels then the index can drift to the levels of 3050 to 3100 where the index has formed a bottom in the month of July-2018.

Resistance for the index lies in the zone of 3500 to 3550 where Fibonacci levels and medium term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3650 to 3700 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen between 3300 to 3350 on downside & 3600 to 3650 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that minor support for the index lies around 3350 to 3400. Support for the index lies in the zone of 3150 to 3200 from where the index broke out in the month of July-2018. If the index manages to close below these levels then the index can drift to the levels of 3050 to 3100 where the index has formed a bottom in the month of July-2018. During the week the index manages to hit a low of 3330 and close the week around the levels of 3394.

Minor support for the index lies around 3350 to 3400. Support for the index lies in the zone of 3150 to 3200 from where the index broke out in the month of July-2018. If the index manages to close below these levels then the index can drift to the levels of 3050 to 3100 where the index has formed a bottom in the month of July-2018.

Resistance for the index lies in the zone of 3500 to 3550 where Fibonacci levels and medium term moving averages are lying.. If the index manages close above these levels then the index can move to the levels of 3650 to 3700 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen between 3200 to 3250 on downside & 3550 to 3600 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 3400 to 3450 from where the index has broken down from the double bottom pattern and short term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3550 to 3600 where Fibonacci levels and medium term moving averages are lying. During the week the index manages to hit a high of 3512 and close the week around the levels of 3435.

Minor support for the index lies around 3350 to 3400. Support for the index lies in the zone of 3150 to 3200 from where the index broke out in the month of July-2018. If the index manages to close below these levels then the index can drift to the levels of 3050 to 3100 where the index has formed a bottom in the month of July-2018.

Resistance for the index lies in the zone of 3500 to 3550 where Fibonacci levels and medium term moving averages are lying.. If the index manages close above these levels then the index can move to the levels of 3650 to 3700 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen between 3200 to 3250 on downside & 3550 to 3600 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL 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 3400 to 3450 from where the index has broken down from the double bottom pattern and short term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3550 to 3600 where Fibonacci levels and medium term moving averages are lying. During the week the index manages to hit a high of 3387 and close the week around the levels of 3381.

Minor support for the index lies around 3250 to 3300. Support for the index lies in the zone of 3150 to 3200 from where the index broke out in the month of July-2018. If the index manages to close below these levels then the index can drift to the levels of 3050 to 3100 where the index has formed a bottom in the month of July-2018.

Resistance for the index lies in the zone of 3400 to 3450 from where the index has broken down from the double bottom pattern and short term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3550 to 3600 where Fibonacci levels and medium term moving averages are lying.

Broad range for the index is seen between 3200 to 3250 on downside & 3550 to 3600 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on positive note gaining around 6.70%.

As we have mentioned last week, that support for the index lies in the zone of 3000 to 3050 from where the index broke out in the month of July-2017. If the index manages to close below these levels then the index can drift to the levels of 2850 to 2900 where long term Fibonacci levels are lying. During the week the index manages to hit a low of 3069 and close the week around the levels of 3298.

Minor support for the index lies around 3150 to 3200. Support for the index lies in the zone of 3000 to 3050 from where the index broke out in the month of July-2017. If the index manages to close below these levels then the index can drift to the levels of 2850 to 2900 where long term Fibonacci levels are lying.

Resistance for the index lies in the zone of 3400 to 3450 from where the index has broken down from the double bottom pattern and short term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3550 to 3600 where Fibonacci levels and medium term moving averages are lying.

Broad range for the index is seen between 3100 to 3150 on downside & 3550 to 3600 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that support for the index lies in the zone of 3200 to 3250 from where the index has broken out in the month of March-2017. If the index manages to close below these levels then the index can drift to the levels of 3000 to 3050 from where the index broke out in the month of July-2017. During the week the index manages to hit a low of 3062 and close the week around the levels of 3092.

Support for the index lies in the zone of 3000 to 3050 from where the index broke out in the month of July-2017. If the index manages to close below these levels then the index can drift to the levels of 2850 to 2900 where long term Fibonacci levels are lying.

Resistance for the index lies in the zone of 3150 to 3200 where Fibonacci levels are lying. If the index manages close above these levels then the index can move to the levels of 3400 to 3450 from where the index has broken down from the double bottom pattern.

Broad range for the index is seen between 2950 to 3000 on downside & 3200 to 3250 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL 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 3400 to 3450 from where the index has broken down from the double bottom pattern. If the index manages close above these levels then the index can move to the levels of 3550 to 3600 where Fibonacci levels are lying. During the week the index manages to hit a high of 3427 and close the week around the levels of 3287.

Support for the index lies in the zone of 3200 to 3250 from where the index has broken out in the month of March-2017. If the index manages to close below these levels then the index can drift to the levels of 3000 to 3050 from where the index broke out in the month of July-2017.

Resistance for the index lies in the zone of 3400 to 3450 from where the index has broken down from the double bottom pattern. If the index manages close above these levels then the index can move to the levels of 3550 to 3600 where Fibonacci levels are lying.

Broad range for the index is seen between 3150 to 3200 on downside & 3400 to 3450 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on negative note losing around 3.40%.

As we have mentioned last week, that support for the index lies in the zone of 3400 to 3450 where the index has taken support in the month of March-2018 and May-2018. If the index manages to close below these levels then the index can drift to the levels of 3200 to 3250 from where the index has broken out in the month of March-2017. During the week the index manages to hit a low of 3275 and close the week around the levels of 3322.

Support for the index lies in the zone of 3200 to 3250 from where the index has broken out in the month of March-2017. If the index manages to close below these levels then the index can drift to the levels of 3000 to 3050 from where the index broke out in the month of July-2017.

Resistance for the index lies in the zone of 3400 to 3450 from where the index has broken down from the double bottom pattern. If the index manages close above these levels then the index can move to the levels of 3550 to 3600 where Fibonacci levels are lying.

Broad range for the index is seen between 3200 to 3250 on downside & 3450 to 3500 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that support for the index lies in the zone of 3400 to 3450 where the index has taken support in the month of March-2018 and May-2018. If the index manages to close below these levels then the index can drift to the levels of 3200 to 3250 from where the index has broken out in the month of March-2017. During the week the index manages to hit a low of 3318 and close the week around the levels of 3440.

Support for the index lies in the zone of 3400 to 3450 where the index has taken support in the month of March-2018 and May-2018. If the index manages to close below these levels then the index can drift to the levels of 3200 to 3250 from where the index has broken out in the month of March-2017.

Resistance for the index lies in the zone of 3550 to 3600 where Fibonacci levels are lying. If the index manages close above these levels then the index can move to the levels of 3730 to 3750 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen between 3300 to 3330 on downside & 3600 to 3650 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that support for the index lies in the zone of 3420 to 3470 where the index has taken support in the month of March-2018 and May-2018. If the index manages to close below these levels then the index can drift to the levels of 3200 to 3250 from where the index has broken out in the month of March-2017. During the week the index manages to hit a low of 3398 and close the week around the levels of 3432.

Support for the index lies in the zone of 3400 to 3450 where the index has taken support in the month of March-2018 and May-2018. If the index manages to close below these levels then the index can drift to the levels of 3200 to 3250 from where the index has broken out in the month of March-2017.

Resistance for the index lies in the zone of 3550 to 3600 where Fibonacci levels are lying. If the index manages close above these levels then the index can move to the levels of 3730 to 3750 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen between 3300 to 3330 on downside & 3600 to 3650 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that support for the index lies in the zone of 3580 to 3610 where break out levels and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3420 to 3470 where the index has taken support in the month of March-2018 and May-2018. During the week the index manages to hit a low of 3523 and close the week around the levels of 3542.

Support for the index lies in the zone of 3420 to 3470 where the index has taken support in the month of March-2018 and May-2018. If the index manages to close below these levels then the index can drift to the levels of 3200 to 3250 from where the index has broken out in the month of March-2017.

Resistance for the index lies in the zone of 3600 to 3630 where Fibonacci levels are lying. If the index manages close above these levels then the index can move to the levels of 3730 to 3750 where Fibonacci levels and long term moving averages are lying.

Broad range for the index is seen between 3400 to 3430 on downside & 3700 to 3750 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that minor resistance for the index lies in the zone of 3630 to 3650. Resistance for the index lies in the zone of 3750 to 3800 where Fibonacci levels and long term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3850 to 3900 where Fibonacci levels and medium term moving averages are lying. During the week the index manages to hit a high of 3705 and close the week around the levels of 3659.

Support for the index lies in the zone of 3580 to 3610 where break out levels and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3420 to 3470 where the index has taken support in the month of March-2018 and May-2018.

Resistance for the index lies in the zone of 3730 to 3780 where Fibonacci levels and long term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3850 to 3900 where Fibonacci levels are lying.

Broad range for the index is seen between 3450 to 3500 on downside & 3800 to 3850 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on absolutely flat note.

As we have mentioned last week, that support for the index lies in the zone of 3550 to 3580 where break out levels and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3400 to 3450 where the index has taken support in the month of March-2018. During the week the index manages to hit a low of 3552 and close the week around the levels of 3568.

Support for the index lies in the zone of 3550 to 3580 where break out levels and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3400 to 3450 where the index has taken support in the month of March-2018.

Minor resistance for the index lies in the zone of 3630 to 3650. Resistance for the index lies in the zone of 3750 to 3800 where Fibonacci levels and long term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3850 to 3900 where Fibonacci levels and medium term moving averages are lying.

Broad range for the index is seen between 3400 to 3450 on downside & 3700 to 3750 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that support for the index lies in the zone of 3575 to 3625 where break out levels and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3400 to 3450 where the index has taken support in the month of March-2018. During the week the index manages to hit a low of 3420 and close the week around the levels of 3567.

Support for the index lies in the zone of 3550 to 3580 where break out levels and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3400 to 3450 where the index has taken support in the month of March-2018.

Minor resistance for the index lies in the zone of 3630 to 3650. Resistance for the index lies in the zone of 3750 to 3800 where Fibonacci levels and long term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3850 to 3900 where Fibonacci levels and medium term moving averages are lying.

Broad range for the index is seen between 3400 to 3450 on downside & 3700 to 3750 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on negative note losing around 3.30%.

As we have mentioned last week, that resistance for the index lies in the zone of 3750 to 3800 where Fibonacci levels and long term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3850 to 3900 where Fibonacci levels and medium term moving averages are lying. During the week the index manages to hit a high of 3779 and close the week around the levels of 3591.

Support for the index lies in the zone of 3575 to 3625 where break out levels and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3400 to 3450 where the index has taken support in the month of March-2018.

Minor resistance for the index lies in the zone of 3640 to 3660. Resistance for the index lies in the zone of 3750 to 3800 where Fibonacci levels and long term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3850 to 3900 where Fibonacci levels and medium term moving averages are lying.

Broad range for the index is seen between 3450 to 3500 on downside & 3750 to 3800 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL 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 3700 to 3750 where Fibonacci levels and long term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3800 to 3850 where Fibonacci levels and medium term moving averages are lying. During the week the index manages to hit a high of 3747 and close the week around the levels of 3713.

Support for the index lies in the zone of 3575 to 3625 where break out levels and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3400 to 3450 where the index has taken support in the month of March-2018.

Resistance for the index lies in the zone of 3750 to 3800 where Fibonacci levels and long term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3850 to 3900 where Fibonacci levels and medium term moving averages are lying.

Broad range for the index is seen between 3500 to 3550 on downside & 3850 to 3900 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on negative note losing around 3.40%.

As we have mentioned last week, that support for the index lies in the zone of 3700 to 3750 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 3575 to 3625 where break out levels and Fibonacci levels are lying. During the week the index manages to hit a low of 3611 and close the week around the levels of 3634.

Support for the index lies in the zone of 3575 to 3625 where break out levels and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3400 to 3450 where the index has taken support in the month of March-2018.

Resistance for the index lies in the zone of 3700 to 3750 where Fibonacci levels and long term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3800 to 3850 where Fibonacci levels and medium term moving averages are lying.

Broad range for the index is seen between 3400 to 3450 on downside & 3750 to 3800 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on negative note losing around 3.30%.

As we have mentioned last week, that support for the index lies in the zone of 3800 to 3850 where Fibonacci 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 3700 to 3750 where Fibonacci levels and long term moving averages are lying. During the week the index manages to hit a low of 3715 and close the week around the levels of 3764.

Support for the index lies in the zone of 3700 to 3750 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 3575 to 3625 where break out levels and Fibonacci levels are lying.

Resistance for the index lies in the zone of 3800 to 3850 where Fibonacci levels and medium term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3950 to 4000 Fibonacci levels are lying.

Broad range for the index is seen between 3550 to 3600 on downside & 3950 to 4000 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 3700 to 3750 from where the index broke down from February-2018 lows. If the index manages close above these levels then the index can move to the levels of 3800 to 3850 where Fibonacci levels and short & medium term moving averages are lying. During the week the index manages to hit a high of 3944 and close the week around the levels of 3891.

Support for the index lies in the zone of 3800 to 3850 where Fibonacci 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 3700 to 3750 where Fibonacci levels and long term moving averages are lying.

Resistance for the index lies in the zone of 3950 to 4000 Fibonacci levels are lying. If the index manages close above these levels then the index can move to the levels of 4100 to 4130 where the index has formed a double top in the month of February-2018.

Broad range for the index is seen between 3650 to 3700 on downside & 4050 to 4100 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL 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 3600 to 3650 where Fibonacci levels and long term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3700 to 3750 from where the index broke down from February-2018 lows. During the week the index manages to hit a high of 3748 and close the week around the levels of 3725.

Support for the index lies in the zone of 3600 to 3650 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 3500 to 3550 from where the index broke out.

Resistance for the index lies in the zone of 3700 to 3750 from where the index broke down from February-2018 lows. If the index manages close above these levels then the index can move to the levels of 3800 to 3850 where Fibonacci levels and short & medium term moving averages are lying.

Broad range for the index is seen between 3550 to 3600 on downside & 3850 to 3900 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 3550 to 3600 where Fibonacci levels and long term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3700 to 3750 from where the index broke down from February-2018 lows. During the week the index manages to hit a high of 3614 and close the week around the levels of 3593.

Minor support for the index lies in the zone of 3500 to 3550. Support for the index lies in the zone of 3350 to 3400 where the index has taken support in the month of September-2017 and lows for the month of March-2018 are lying. If the index manages to close below these levels then the index can drift to the levels of 3200 to 3250 from where the index broke out from March-2017 highs.

Resistance for the index lies in the zone of 3600 to 3650 where Fibonacci levels and long term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3700 to 3750 from where the index broke down from February-2018 lows.

Broad range for the index is seen between 3400 to 3450 on downside & 3750 to 3800 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL 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 3550 to 3600 where break out levels and long term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3700 to 3750 from where the index broke down from February-2018 lows. During the week the index manages to hit a high of 3595 and close the week around the levels of 3513.

Support for the index lies in the zone of 3350 to 3400 where the index has taken support in the month of September-2017 and lows for the month of March-2018 are lying. If the index manages to close below these levels then the index can drift to the levels of 3200 to 3250 from where the index broke out from March-2017 highs.

Resistance for the index lies in the zone of 3550 to 3600 where Fibonacci levels and long term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3700 to 3750 from where the index broke down from February-2018 lows.

Broad range for the index is seen between 3300 to 3350 on downside & 3700 to 3750 on upside.

 

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that support for the index lies in the zone of 3550 to 3600 where break out 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 3350 to 3400 where the index has taken support in the month of September-2017. During the week the index manages to hit a low of 3410 and close the week around the levels of 3448.

Support for the index lies in the zone of 3350 to 3400 where the index has taken support in the month of September-2017. If the index manages to close below these levels then the index can drift to the levels of 3200 to 3250 from where the index broke out from March-2017 highs.

Resistance for the index lies in the zone of 3550 to 3600 where break out levels and long term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 3700 to 3750 from where the index broke down from February-2018 lows.

Broad range for the index is seen between 3200 to 3250 on downside & 3650 to 3700 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on negative note losing around 6.90%.

As we have mentioned last week, that support for the index lies in the zone of 3850 to 3900 where break out levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3550 to 3600 where break out levels and long term moving averages are lying. During the week the index manages to hit a low of 3678 and close the week around the levels of 3688.

Support for the index lies in the zone of 3550 to 3600 where break out 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 3350 to 3400 where the index has taken support in the month of September-2017.

Minor resistance for the index lies in the zone of 3780 to 3820. Resistance for the index lies in the zone of 3900 to 3950 where medium term moving averages are lying. If the index manages close above these levels then the index can move to the levels of 4050 to 4100 where break down levels are lying.

Broad range for the index is seen between 3500 to 3550 on downside & 3850 to 3900 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 4050 to 4100 where break down levels are lying. If the index manages close above these levels then the index can move to the levels of 4200 to 4250 where the index has formed a high in the month of January-2018. During the week the index manages to hit a high of 4102 and close the week around the levels of 3961.

Support for the index lies in the zone of 3850 to 3900 where break out levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3550 to 3600 where break out levels and long term moving averages are lying.

Resistance for the index lies in the zone of 4050 to 4100 where break down levels are lying. If the index manages close above these levels then the index can move to the levels of 4200 to 4250 where the index has formed a high in the month of January-2018.

Broad range for the index is seen between 3800 to 3850 on downside & 4100 to 4150 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that support for the index lies in the zone of 3850 to 3900 where break out levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3550 to 3600 where break out levels and long term moving averages are lying. During the week the index manages to hit a low of 3861 and close the week around the levels of 4029.

Minor resistance for the index lies in the zone of 3980 to 4000. Support for the index lies in the zone of 3850 to 3900 where break out levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3550 to 3600 where break out levels and long term moving averages are lying.

Resistance for the index lies in the zone of 4050 to 4100 where break down levels are lying. If the index manages close above these levels then the index can move to the levels of 4200 to 4250 where the index has formed a high in the month of January-2018.

Broad range for the index is seen between 3850 to 3900 on downside & 4200 to 4250 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL 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 3980 to 4000 where break down levels are lying. If the index manages close above these levels then the index can move to the levels of 4150 to 4200 from where the index has broken down. During the week the index manages to hit a high of 4113 and close the week around the levels of 3992.

Support for the index lies in the zone of 3850 to 3900 where break out levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3550 to 3600 where break out levels and long term moving averages are lying.

Resistance for the index lies in the zone of 4000 to 4050 where break down levels are lying. If the index manages close above these levels then the index can move to the levels of 4150 to 4200 from where the index has broken down.

Broad range for the index is seen between 3750 to 3800 on downside & 4100 to 4150 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that support for the index lies in the zone of 3850 to 3900 where break out levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3550 to 3600 where break out levels are lying. During the week the index manages to hit a low of 3718 and close the week around the levels of 3986.

Support for the index lies in the zone of 3850 to 3900 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 3550 to 3600 where break out levels and long term moving averages are lying.

Resistance for the index lies in the zone of 3980 to 4000 where break down levels are lying. If the index manages close above these levels then the index can move to the levels of 4150 to 4200 from where the index has broken down.

Broad range for the index is seen between 3750 to 3800 on downside & 4100 to 4150 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 4150 to 4200 from where the index has broken down. If the index manages close above these levels then the index can move to the levels of 4250 to 4300 where the index has formed a top. During the week the index manages to hit a high of 4217 and close the week around the levels of 3948.

Support for the index lies in the zone of 3850 to 3900 where break out levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3550 to 3600 where break out levels are lying.

Resistance for the index lies in the zone of 3980 to 4000 where break down levels are lying. If the index manages close above these levels then the index can move to the levels of 4150 to 4200 from where the index has broken down.

Broad range for the index is seen between 3750 to 3800 on downside & 4050 to 4100 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that support for the index lies in the zone of 3950 to 3980 from where the index has broken out of top formed in the month of October-2017 and November-2017. If the index manages to close below these levels then the index can drift to the levels of 3800 to 3850 where break out levels and short term moving averages are lying. During the week the index manages to hit a low of 3985 and close the week around the levels of 4135.

Minor support for the index lies in the zone of 4050 to 4080. Support for the index lies in the zone of 3950 to 3980 from where the index has broken out of top formed in the month of October-2017 and November-2017. If the index manages to close below these levels then the index can drift to the levels of 3800 to 3850 where break out levels and short term moving averages are lying.

Resistance for the index lies in the zone of 4150 to 4200 from where the index has broken down. If the index manages close above these levels then the index can move to the levels of 4250 to 4300 where the index has formed a top.

Broad range for the index is seen between 3950 to 4000 on downside & 4250 to 4300 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL 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 4100 to 4120 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3980 to 4020 from where the index has broken out of top formed in the month of October-2017 and November-2017. During the week the index manages to hit a low of 3958 and close the week around the levels of 4033.

Support for the index lies in the zone of 3950 to 3980 from where the index has broken out of top formed in the month of October-2017 and November-2017. If the index manages to close below these levels then the index can drift to the levels of 3800 to 3850 where break out levels and short term moving averages are lying.

Resistance for the index lies in the zone of 4100 to 4120 from where the index broke down after consolidation. If the index manages close above these levels then the index can move to the levels of 4250 to 4300 where the index has formed a top.

Broad range for the index is seen between 3850 to 3900 on downside & 4150 to 4200 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 4100 to 4150 where trend-line resistance for the index is lying. If the index manages to close above these levels then the index can move to the levels of 4250 to 4300. During the week the index manages to hit a high of 4210 and close the week around the levels of 4189.

Support for the index lies in the zone of 4100 to 4120 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3980 to 4020 from where the index has broken out of top formed in the month of October-2017 and November-2017.

The index is trading at all time highs and is in strong uptrend so virtually no resistance levels are visible. Resistance for the index lies in the zone of 4280 to 4320.

Broad range for the index is seen between 3980 to 4020 on downside & 4280 to 4320 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 3980 to 4020 where the index has formed a top in the month of October-2017 and November-2017. If the index manages to close above these levels then the index can move to the levels of 4100 to 4150 where trend-line resistance for the index is lying. During the week the index manages to hit a high of 4182 and close the week around the levels of 4130.

Support for the index lies in the zone of 3980 to 4020 from where the index has broken out of top formed in the month of October-2017 and November-2017. If the index manages to close below these levels then the index can drift to the levels of 3800 to 3850 where break out levels and short term moving averages are lying.

Resistance for the index lies in the zone of 4100 to 4150 where trend-line resistance for the index is lying. If the index manages to close above these levels then the index can move to the levels of 4250 to 4300.

Broad range for the index is seen between 3950 to 4000 on downside & 4250 to 4300 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 3850 to 3900 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 3980 to 4020 where the index has formed a top in the month of November-2017. During the week the index manages to hit a high of 3985 and close the week around the levels of 3940.

Support for the index lies in the zone of 3800 to 3850 where break out levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3700 to 3750 where medium term moving averages and break out levels are lying.

Resistance for the index lies in the zone of 3980 to 4020 where the index has formed a top in the month of October-2017 and November-2017. If the index manages to close above these levels then the index can move to the levels of 4100 to 4150 where trend-line resistance for the index is lying.

Broad range for the index is seen between 3700 to 3750 on downside & 4100 to 4150 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL 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 3550 to 3600 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3350 to 3400 where the index has formed a bottom in the month of September-2017. During the week the index manages to hit a low of 3553 and close the week around the levels of 3839.

Support for the index lies in the zone of 3750 to 3780 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3550 to 3600 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 3850 to 3900 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 3980 to 4020 where the index has formed a top in the month of November-2017.

Broad range for the index is seen between 3600 to 3650 on downside & 3950 to 4000 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL 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 3700 to 3750 where trend-line joining earlier highs 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 3900 to 3950 from where the index broke down after consolidation. During the week the index manages to hit a high of 3699 and close the week around the levels of 3666.

Support for the index lies in the zone of 3550 to 3600 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3350 to 3400 where the index has formed a bottom in the month of September-2017.

Resistance for the index lies in the zone of 3700 to 3750 where trend-line joining earlier highs 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 3900 to 3950 from where the index broke down after consolidation.

Broad range for the index is seen between 3500 to 3550 on downside & 3800 to 3850 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL 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 3550 to 3600 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3350 to 3400 where the index has formed a bottom in the month of September-2017. During the week the index manages to hit a low of 3521 and close the week around the levels of 3643.

Support for the index lies in the zone of 3550 to 3600 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3350 to 3400 where the index has formed a bottom in the month of September-2017.

Resistance for the index lies in the zone of 3700 to 3750 where trend-line joining earlier highs 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 3900 to 3950 from where the index broke down after consolidation.

Broad range for the index is seen between 3400 to 3450 on downside & 3800 to 3850 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on negative note losing around 3.90%.

As we have mentioned last week, that support for the index lies in the zone of 3700 to 3750 where trend-line joining earlier highs 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 3550 to 3600 where Fibonacci levels are lying. During the week the index manages to hit a low of 3610 and close the week around the levels of 3618.

Support for the index lies in the zone of 3550 to 3600 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3350 to 3400 where the index has formed a bottom in the month of September-2017.

Resistance for the index lies in the zone of 3700 to 3750 where trend-line joining earlier highs 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 3900 to 3950 from where the index broke down after consolidation.

Broad range for the index is seen between 3350 to 3400 on downside & 3800 to 3850 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on absolutely flat note.

As we have mentioned last week, that minor resistance for the index lies in the zone of 3800 to 3830. Resistance for the index lies in the zone of 3900 to 3950 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 4050 to 4100. During the week the index manages to hit a high of 3855 and close the week around the levels of 3766.

Support for the index lies in the zone of 3700 to 3750 where trend-line joining earlier highs 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 3550 to 3600 where Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 3800 to 3830. Resistance for the index lies in the zone of 3900 to 3950 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 4050 to 4100.

Broad range for the index is seen between 3600 to 3650 on downside & 4000 to 4050 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL 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 3800 to 3830. Support for the index lies in the zone of 3680 to 3720 where trend-line joining earlier highs 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 3550 to 3600 where Fibonacci levels are lying. During the week the index manages to hit a low of 3641 and close the week around the levels of 3768.

Support for the index lies in the zone of 3680 to 3720 where trend-line joining earlier highs 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 3550 to 3600 where Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 3800 to 3830. Resistance for the index lies in the zone of 3900 to 3950 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 4050 to 4100.

Broad range for the index is seen between 3600 to 3650 on downside & 4000 to 4050 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 3840 to 3870. Support for the index lies in the zone of 3680 to 3720 where trend-line joining earlier highs is lying. If the index manages to close below these levels then the index can drift to the levels of 3550 to 3600 where Fibonacci levels are lying. During the week the index manages to hit a low of 3802 and close the week around the levels of 3866.

Minor support for the index lies in the zone of 3800 to 3830. Support for the index lies in the zone of 3680 to 3720 where trend-line joining earlier highs 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 3550 to 3600 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 3900 to 3950 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 4050 to 4100.

Broad range for the index is seen between 3700 to 3750 on downside & 4100 to 4150 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 3800 to 3850. Support for the index lies in the zone of 3680 to 3720 where trend-line joining earlier highs is lying. If the index manages to close below these levels then the index can drift to the levels of 3550 to 3600 where Fibonacci levels are lying. During the week the index manages to hit a low of 3854 and close the week around the levels of 3938.

Minor support for the index lies in the zone of 3840 to 3870. Support for the index lies in the zone of 3680 to 3720 where trend-line joining earlier highs is lying. If the index manages to close below these levels then the index can drift to the levels of 3550 to 3600 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 3950 to 4000. If the index manages to close above these levels then the index can move to the levels of 4100 to 4150.

Broad range for the index is seen between 3700 to 3750 on downside & 4100 to 4150 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL 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 3850 to 3870. If the index manages to close above these levels then the index can move to the levels of 3920 to 3950. During the week the index manages to hit a high of 3982 and close the week around the levels of 3945.

Minor support for the index lies in the zone of 3800 to 3850. Support for the index lies in the zone of 3680 to 3720 where trend-line joining earlier highs is lying. If the index manages to close below these levels then the index can drift to the levels of 3550 to 3600 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 3920 to 3950. If the index manages to close above these levels then the index can move to the levels of 4100 to 4150.

Broad range for the index is seen between 3700 to 3750 on downside & 4100 to 4150 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL 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 3770 to 3800. If the index manages to close above these levels then the index can move to the levels of 3850 to 3870. During the week the index manages to hit a high of 3885 and close the week around the levels of 3820.

Minor support for the index lies in the zone of 3750 to 3770. Support for the index lies in the zone of 3680 to 3720 where trend-line joining earlier highs is lying. If the index manages to close below these levels then the index can drift to the levels of 3550 to 3600 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 3850 to 3870. If the index manages to close above these levels then the index can move to the levels of 3920 to 3950.

Broad range for the index is seen between 3650 to 3670 on downside & 3950 to 3970 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL 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 3680 to 3720 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 3770 to 3800. During the week the index manages to hit a high of 3808 and close the week around the levels of 3784.

Support for the index lies in the zone of 3680 to 3720 where trend-line joining earlier highs is lying. If the index manages to close below these levels then the index can drift to the levels of 3550 to 3600 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 3770 to 3800. If the index manages to close above these levels then the index can move to the levels of 3850 to 3870.

Broad range for the index is seen between 3650 to 3670 on downside & 3850 to 3870 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 3550 to 3600 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 3650 to 3700 where trend-line joining earlier highs is lying. During the week the index manages to hit a high of 3720 and close the week around the levels of 3711.

Support for the index lies in the zone of 3550 to 3600 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3420 to 3450 from where the index broke out of double top pattern and short term moving averages are lying.

Resistance for the index lies in the zone of 3680 to 3720 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 3770 to 3800.

Broad range for the index is seen between 3500 to 3550 on downside & 3800 to 3850 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 3550 to 3600 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 3650 to 3700 where trend-line joining earlier highs is lying. During the week the index manages to hit a high of 3570 and close the week around the levels of 3550.

Support for the index lies in the zone of 3420 to 3450 from where the index broke out of double top pattern 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 3200 to 3230 from where the index broke out of March-2017 highs.

Resistance for the index lies in the zone of 3550 to 3600 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 3650 to 3700 where trend-line joining earlier highs is lying.

Broad range for the index is seen between 3300 to 3350 on downside & 3700 to 3750 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that support for the index lies in the zone of 3550 to 3600 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3450 to 3500 from where the index broke out of double top pattern. During the week the index manages to hit a low of 3479 and close the week around the levels of 3492.

Support for the index lies in the zone of 3410 to 3440 from where the index broke out of double top pattern 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 3200 to 3230 from where the index broke out of March-2017 highs.

Resistance for the index lies in the zone of 3550 to 3600 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 3650 to 3700 where trend-line joining earlier highs is lying.

Broad range for the index is seen between 3200 to 3250 on downside & 3700 to 3750 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL index closed the week on absolutely flat note.

As we have mentioned last week, that resistance for the index lies in the zone of 3650 to 3700 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 3750 to 3770. During the week the index manages to hit a high of 3739 and close the week around the levels of 3663.

Support for the index lies in the zone of 3550 to 3600 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3450 to 3500 from where the index broke out of double top pattern.

Resistance for the index lies in the zone of 3650 to 3700 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 3750 to 3770.

Broad range for the index is seen between 3450 to 3500 on downside & 3750 to 3800 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that support for the index lies in the zone of 3450 to 3460 from where the index has broken out of double top pattern. If the index manages to close below these levels then the index can drift to the levels of 3320 to 3350 where the index has taken multiple support. During the week the index manages to hit a low of 3486 and close the week around the levels of 3653.

Support for the index lies in the zone of 3550 to 3600 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3450 to 3500 from where the index broke out of double top pattern.

Resistance for the index lies in the zone of 3650 to 3700 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 3750 to 3770.

Broad range for the index is seen between 3450 to 3500 on downside & 3750 to 3800 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

Nifty METAL 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 3450 to 3460 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 3520 to 3550 where the index has formed a life time high. During the week the index manages to hit a high of 3545 and close the week around the levels of 3542.

Support for the index lies in the zone of 3450 to 3460 from where the index has broken out of double top pattern. If the index manages to close below these levels then the index can drift to the levels of 3320 to 3350 where the index has taken multiple support.

Resistance for the index lies in the zone of 3520 to 3550 where the index has formed a life time high. If the index manages to close above these levels then the index can move to the levels of 3600 to 3650.

Broad range for the index is seen between 3320 to 3380 on downside & 3650 to 3700 on upside.

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

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

NIFTY METAL:

 

NIFTYMETAL

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 3300 to 3330. Support for the index lies in the zone of 3200 to 3230 from where the index broke out of March-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 3060 to 3100 where break out levels for the index is lying and short term moving averages are lying. During the week the index manages to hit a low of 3328 and close the week around the levels of 3414.

Minor support for the index lies in the zone of 3340 to 3370. Support for the index lies in the zone of 3200 to 3230 from where the index broke out of March-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 3060 to 3100 where break out levels for the index is lying and short term moving averages are lying.

Resistance for the index lies in the zone of 3450 to 3460 where the index has formed a do