Tag Archives: Nifty Movement

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that resistance for the index lies around 10850 to 10950 from where the index has broken down from the September-2018 lows, Fibonacci levels and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11000 to 11100 where Fibonacci levels are lying. During the week the index manages to hit a high of 10839 and close the week around the levels of 10805.

Support for the index lies in the zone of 10600 to 10700 where Fibonacci levels and short & long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where low for the month of November – 2018 and Fibonacci levels are lying.

Resistance for the index lies around 10850 to 10950 from where the index has broken down from the September-2018 lows, Fibonacci levels and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11000 to 11100 where Fibonacci levels are lying.

Broad range for the week is seen from 10400 to 10500 on downside & 11100 to 11200 on upside.

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that support for the index lies in the zone of 10500 to 10600 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9900 to 10000 where low for the month of March – 2018 & October – 2018 and Fibonacci levels are lying. During the week the index manages to hit a low of 10588 and close the week around the levels of 10694.

Support for the index lies in the zone of 10500 to 10600 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9900 to 10000 where low for the month of March – 2018 & October – 2018 and Fibonacci levels are lying.

Resistance for the index lies around 10850 to 10950 from where the index has broken down from the September-2018 lows, Fibonacci levels and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11000 to 11100 where Fibonacci levels are lying.

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

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor support for the index lies in the zone of 10400 to 10500. Support for the index lies in the zone of 9900 to 10000 where low for the month of March – 2018 & October – 2018 and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9400 where Fibonacci levels are lying. During the week the index manages to hit a low of 10490 and close the week around the levels of 10877

Support for the index lies in the zone of 10500 to 10600 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9900 to 10000 where low for the month of March – 2018 & October – 2018 and Fibonacci levels are lying.

Resistance for the index lies around 10850 to 10950 from where the index has broken down from the September-2018 lows, Fibonacci levels and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11000 to 11100 where Fibonacci levels are lying.

Broad range for the week is seen from 10500 to 10600 on downside & 11000 to 11100 on upside.

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that resistance for the index lies around 10750 to 10850 from where the index has broken down from the September-2018 lows and long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11000 to 11100 where Fibonacci levels are lying. During the week the index manages to hit a high of 10775 and close the week around the levels of 10527.

Minor support for the index lies in the zone of 10400 to 10500. Support for the index lies in the zone of 9900 to 10000 where low for the month of March – 2018 & October – 2018 and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9400 where Fibonacci levels are lying.

Resistance for the index lies around 10750 to 10850 from where the index has broken down from the September-2018 lows and long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11000 to 11100 where Fibonacci levels are lying.

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

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that resistance for the index lies around 10500 to 10600 from where the index has broken down from May-2018 and June-2018 lows and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10800 to 10900 from where the index has broken down from the September-2018 lows and long term moving averages are lying. During the week the index manages to hit a high of 10695 and close the week around the levels of 10682.

Minor support for the index lies in the zone of 10400 to 10500. Support for the index lies in the zone of 9900 to 10000 where low for the month of March – 2018 & October – 2018 and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9400 where Fibonacci levels are lying.

Resistance for the index lies around 10750 to 10850 from where the index has broken down from the September-2018 lows and long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11000 to 11100 where Fibonacci levels are lying.

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

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that resistance for the index lies around 10500 to 10600 from where the index has broken down from May-2018 and June-2018 lows and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10800 to 10900 from where the index has broken down from the September-2018 lows and long term moving averages are lying. During the week the index manages to hit a high of 10620 and close the week around the levels of 10585.

Minor support for the index lies in the zone of 10200 to 10300. Support for the index lies in the zone of 9900 to 10000 where low for the month of March – 2018 & October – 2018 and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9400 where Fibonacci levels are lying.

Resistance for the index lies around 10500 to 10600 from where the index has broken down from May-2018 and June-2018 lows and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10800 to 10900 from where the index has broken down from the September-2018 lows and long term moving averages are lying.

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

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 10200 to 10300. Resistance for the index lies around 10500 to 10600 from where the index has broken down from May-2018 and June-2018 lows and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10800 to 10900 from where the index has broken down from the September-2018 lows and long term moving averages are lying. During the week the index manages to hit a high of 10607 and close the week around the levels of 10553.

Minor support for the index lies in the zone of 10200 to 10300. Support for the index lies in the zone of 9900 to 10000 where low for the month of March – 2018 & October – 2018 and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9400 where Fibonacci levels are lying.

Resistance for the index lies around 10500 to 10600 from where the index has broken down from May-2018 and June-2018 lows and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10800 to 10900 from where the index has broken down from the September-2018 lows and long term moving averages are lying.

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

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor support for the index lies in the zone of 10100 to 10200. Support for the index lies in the zone of 9900 to 9950 where low for the month of March -2018 and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9400 where Fibonacci levels are lying. During the week the index manages to hit a low of 10005 and close the week around the levels of 10030.

Support for the index lies in the zone of 9900 to 9950 where low for the month of March -2018 and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9400 where Fibonacci levels are lying.

Minor support for the index lies in the zone of 10200 to 10300. Resistance for the index lies around 10500 to 10600 from where the index has broken down from May-2018 and June-2018 lows and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10800 to 10900 from where the index has broken down from the September-2018 lows and long term moving averages are lying.

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

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that resistance for the index lies around 10500 to 10600 from where the index has broken down from May-2018 and June-2018 lows and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10800 to 10900 from where the index has broken down from the September-2018 lows and long term moving averages are lying. During the week the index manages to hit a high of 10710 and close the week around the levels of 10303.

Minor support for the index lies in the zone of 10100 to 10200. Support for the index lies in the zone of 9900 to 9950 where low for the month of March -2018 and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9400 where Fibonacci levels are lying.

Resistance for the index lies around 10500 to 10600 from where the index has broken down from May-2018 and June-2018 lows and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10800 to 10900 from where the index has broken down from the September-2018 lows and long term moving averages are lying.

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

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that resistance for the index lies around 10450 to 10550 from where the index has broken down from May-2018 and June-2018 lows. If the index manages to close above these levels then the index can move to the levels of 10800 to 10900 from where the index has broken down from the September-2018 lows. During the week the index manages to hit a high of 10492 and close the week around the levels of 10472.

Minor support for the index lies in the zone of 10100 to 10200. Support for the index lies in the zone of 9900 to 9950 where low for the month of March -2018 and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9400 where Fibonacci levels are lying.

Resistance for the index lies around 10500 to 10600 from where the index has broken down from May-2018 and June-2018 lows and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10800 to 10900 from where the index has broken down from the September-2018 lows and long term moving averages are lying.

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

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

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

NIFTY:

 

NIFTY

 

Nifty closed the week on negative note losing around 5.60%.

As we have mentioned last week that support for the index lies in the zone of 10800 to 10900 from where the index broke out of double top 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 10500 to 10600 where low for the month of June-2018 is lying. During the week the index manages to hit a low of 10262 and close the week around the levels of 10316.

Support for the index lies in the zone of 9900 to 9950 where low for the month of March -2018 and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9300 to 9400 where Fibonacci levels are lying.

Resistance for the index lies around 10450 to 10550 from where the index has broken down from May-2018 and June-2018 lows. If the index manages to close above these levels then the index can move to the levels of 10800 to 10900 from where the index has broken down from the September-2018 lows.

Broad range for the week is seen from 9800 to 9900 on downside & 10600 to 10700 on upside.

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that support for the index lies in the zone of 11000 to 11100 from where the index broke out of earlier high. If the index manages to close below these levels then the index can drift to the levels of 10800 to 10900 from where the index broke out of double top and long term moving averages are lying. During the week the index manages to hit a low of 10850 and close the week around the levels of 10930.

Support for the index lies in the zone of 10800 to 10900 from where the index broke out of double top 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 10500 to 10600 where low for the month of June-2018 is lying.

Resistance for the index lies around 11100 to 11200 from where the index has broken down from earlier high. If the index manages to close above these levels then the index can move to the levels of 11300 to 11400 from where the index has broken down from the August-2018 lows and Head & Shoulder pattern.

Broad range for the week is seen from 10600 on downside & 11300 on upside.

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor support for the index lies around 11400 to 11450. Support for the index lies in the zone of 11100 to 11200 from where the index broke out of earlier high. If the index manages to close below these levels then the index can drift to the levels of 10900 to 11000 from where the index broke out of double top and triangle pattern. During the week the index manages to hit a low of 10866 and close the week around the levels of 11143.

Support for the index lies in the zone of 11000 to 11100 from where the index broke out of earlier high. If the index manages to close below these levels then the index can drift to the levels of 10800 to 10900 from where the index broke out of double top and long term moving averages are lying.

Resistance for the index lies around 11250 to 11350 from where the index has broken down from the August-2018 lows and Head & Shoulder pattern. If the index manages to close above these levels then the index can move to the levels of 11600 to 11650 from where the index has broken down after consolidation.

Broad range for the week is seen from 10800 on downside & 11400 on upside.

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor support for the index lies around 11400 to 11450. Support for the index lies in the zone of 11100 to 11200 from where the index broke out of earlier high. If the index manages to close below these levels then the index can drift to the levels of 10900 to 11000 from where the index broke out of double top and triangle pattern. During the week the index manages to hit a low of 11250 and close the week around the levels of 11515.

Minor support for the index lies around 11400 to 11450. Support for the index lies in the zone of 11100 to 11200 from where the index broke out of earlier high. If the index manages to close below these levels then the index can drift to the levels of 10900 to 11000 from where the index broke out of double top and triangle pattern.

Resistance for the index lies around 11600 to 11650 from where the index has broken down after consolidation. If the index manages to close above these levels then the index can move to the levels of 11750 to 11800 where high for the month of August-2018 is lying.

Broad range for the week is seen from 11200 on downside & 11800 on upside.

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor support for the index lies around 11450 to 11500. Support for the index lies in the zone of 11100 to 11200 from where the index broke out of earlier high. If the index manages to close below these levels then the index can drift to the levels of 10900 to 11000 from where the index broke out of double top and triangle pattern. During the week the index manages to hit a low of 11394 and close the week around the levels of 11589.

Minor support for the index lies around 11400 to 11450. Support for the index lies in the zone of 11100 to 11200 from where the index broke out of earlier high. If the index manages to close below these levels then the index can drift to the levels of 10900 to 11000 from where the index broke out of double top and triangle pattern.

Resistance for the index lies around 11600 to 11650 from where the index has broken down after consolidation. If the index manages to close above these levels then the index can move to the levels of 11750 to 11800 where high for the month of August-2018 is lying.

Broad range for the week is seen from 11400 on downside & 11800 on upside.

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that the index is trading at all time high so virtually no resistance exists. Resistance for the index lies around 11600 to 11700. If the index manages to close above these levels then the index can move to the levels of 11900 to 12000. During the week the index manages to hit a high of 11760 and close the week around the levels of 11680.

Minor support for the index lies around 11450 to 11500. Support for the index lies in the zone of 11100 to 11200 from where the index broke out of earlier high. If the index manages to close below these levels then the index can drift to the levels of 10900 to 11000 from where the index broke out of double top and triangle pattern.

The index is trading at all time high so virtually no resistance exists. Resistance for the index lies around 11600 to 11700. If the index manages to close above these levels then the index can move to the levels of 11900 to 12000.

Broad range for the week is seen from 11500 on downside & 11900 on upside.

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that the index is trading at all time high so virtually no resistance exists. Resistance for the index lies around 11400 to 11500 where target of triangle break out pattern lies. If the index manages to close above these levels then the index can move to the levels of 11700 to 11800. During the week the index manages to hit a high of 11621 and close the week around the levels of 11557.

Minor support for the index lies around 11450 to 11500. Support for the index lies in the zone of 11100 to 11200 from where the index broke out of earlier high. If the index manages to close below these levels then the index can drift to the levels of 10900 to 11000 from where the index broke out of double top and triangle pattern.

The index is trading at all time high so virtually no resistance exists. Resistance for the index lies around 11600 to 11700. If the index manages to close above these levels then the index can move to the levels of 11900 to 12000.

Broad range for the week is seen from 11400 on downside & 11800 on upside.

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

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

NIFTY:

 

NIFTY

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

As we have mentioned last week that the index is trading at all time high so virtually no resistance exists. Resistance for the index lies around 11400 to 11500 where target of triangle break out pattern lies. If the index manages to close above these levels then the index can move to the levels of 11700 to 11800. During the week the index manages to hit a high of 11486 and close the week around the levels of 11471.

Minor support for the index lies around 11300 to 11350. Support for the index lies in the zone of 11100 to 11200 from where the index broke out of earlier high. If the index manages to close below these levels then the index can drift to the levels of 10900 to 11000 from where the index broke out of double top and triangle pattern.

The index is trading at all time high so virtually no resistance exists. Resistance for the index lies around 11400 to 11500 where target of triangle break out pattern lies. If the index manages to close above these levels then the index can move to the levels of 11700 to 11800.

Broad range for the week is seen from 11300 on downside & 11700 on upside.

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that the index is trading at all time high so virtually no resistance exists. Resistance for the index lies around 11400 to 11500 where target of triangle break out pattern lies. If the index manages to close above these levels then the index can move to the levels of 11700 to 11800. During the week the index manages to hit a high of 11495 and close the week around the levels of 11429.

Support for the index lies in the zone of 11100 to 11200 from where the index broke out of earlier high. If the index manages to close below these levels then the index can drift to the levels of 10900 to 11000 from where the index broke out of double top and triangle pattern.

The index is trading at all time high so virtually no resistance exists. Resistance for the index lies around 11400 to 11500 where target of triangle break out pattern lies. If the index manages to close above these levels then the index can move to the levels of 11700 to 11800.

Broad range for the week is seen from 11200 on downside & 11600 on upside.

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that the index is trading at all time high so virtually no resistance exists. Resistance for the index lies around 11400 to 11500 where target of triangle break out pattern lies. If the index manages to close above these levels then the index can move to the levels of 11700 to 11800. During the week the index manages to hit a high of 11391 and close the week around the levels of 11361.

Support for the index lies in the zone of 11100 to 11200 from where the index broke out of earlier high. If the index manages to close below these levels then the index can drift to the levels of 10900 to 11000 from where the index broke out of double top and triangle pattern.

The index is trading at all time high so virtually no resistance exists. Resistance for the index lies around 11400 to 11500 where target of triangle break out pattern lies. If the index manages to close above these levels then the index can move to the levels of 11700 to 11800.

Broad range for the week is seen from 11000 on downside & 11600 on upside.

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 11100 to 11200 where the index has formed a top in the month of January-2018. If the index manages to close above these levels then the index can move to the levels of 11400 to 11500. During the week the index manages to hit a high of 11283 and close the week around the levels of 11278.

Support for the index lies in the zone of 11100 to 11200 from where the index broke out of earlier high. If the index manages to close below these levels then the index can drift to the levels of 10900 to 11000 from where the index broke out of double top and triangle pattern.

The index is trading at all time high so virtually no resistance exists. Resistance for the index lies around 10400 to 10500 where target of triangle break out pattern lies. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800.

Broad range for the week is seen from 11000 on downside & 11500 on upside.

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

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

NIFTY:

 

NIFTY

 

Nifty closed the week on absolutely flat note.

As we have mentioned last week, that minor support for the index lies in the zone of 10850 to 10900. Support for the index lies in the zone of 10700 to 10750 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 10500 to 10550 where Fibonacci levels and medium term moving averages are lying. During the week the index manages to hit a low of 10926 and close the week around the levels of 11010.

Minor support for the index lies in the zone of 10850 to 10900. Support for the index lies in the zone of 10700 to 10750 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 10500 to 10550 where Fibonacci levels and medium term moving averages are lying.

Resistance for the index lies in the zone of 11100 to 11200 where the index has formed a top in the month of January-2018. If the index manages to close above these levels then the index can move to the levels of 11400 to 11500.

Broad range for the week is seen from 10800 on downside & 11200 on upside.

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

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

NIFTY:

 

NIFTY

 

Nifty 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 10900 to 11000 where the index has formed a high in the month of May-2018 and June-2018. If the index manages to close above these levels then the index can move to the levels of 11100 to 11200 where the index has formed a top in the month of January-2018. During the week the index manages to hit a high of 11078 and close the week around the levels of 11019.

Minor support for the index lies in the zone of 10850 to 10900. Support for the index lies in the zone of 10700 to 10750 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 10500 to 10550 where Fibonacci levels and medium term moving averages are lying.

Resistance for the index lies in the zone of 11100 to 11200 where the index has formed a top in the month of January-2018. If the index manages to close above these levels then the index can move to the levels of 11400 to 11500.

Broad range for the week is seen from 10800 on downside & 11200 on upside.

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that minor resistance for the index lies in the zone of 10700 to 10750. Resistance for the index lies in the zone of 10900 to 11000 where the index has formed a high in the month of May-2018 and June-2018. If the index manages to close above these levels then the index can move to the levels of 11100 to 11200 where the index has formed a top in the month of January-2018. During the week the index manages to hit a high of 10816 and close the week around the levels of 10773.

Minor support for the index lies in the zone of 10700 to 10750. Support for the index lies in the zone of 10500 to 10550 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 10300 to 10400 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 10900 to 11000 where the index has formed a high in the month of May-2018 and June-2018. If the index manages to close above these levels then the index can move to the levels of 11100 to 11200 where the index has formed a top in the month of January-2018.

Broad range for the week is seen from 10500 on downside & 11000 on upside.

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 10700 to 10750. Support for the index lies in the zone of 10500 to 10550 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 10300 to 10400 where long term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 10558 and close the week around the levels of 10714.

Support for the index lies in the zone of 10500 to 10550 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 10300 to 10400 where Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 10700 to 10750. Resistance for the index lies in the zone of 10900 to 11000 where the index has formed a high in the month of May-2018 and June-2018. If the index manages to close above these levels then the index can move to the levels of 11100 to 11200 where the index has formed a top in the month of January-2018.

Broad range for the week is seen from 10500 on downside & 11000 on upside.

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

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

NIFTY:

 

NIFTY

Nifty closed the week on absolutely flat note.

As we have mentioned last week, that minor support for the index lies in the zone of 10700 to 10750. Support for the index lies in the zone of 10500 to 10550 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 10300 to 10400 where long term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 10701 and close the week around the levels of 10822.

Minor support for the index lies in the zone of 10700 to 10750. Support for the index lies in the zone of 10500 to 10550 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 10300 to 10400 where long term moving averages and Fibonacci levels are lying.

Resistance for the index lies in the zone of 10900 to 11000 where the index has formed a high in the month of May-2018. If the index manages to close above these levels then the index can move to the levels of 11100 to 11200 where the index has formed a top in the month of January-2018.

Broad range for the week is seen from 10600 on downside & 11000 on upside.

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 10900 to 11000 where the index has formed a high in the month of May-2018. If the index manages to close above these levels then the index can move to the levels of 11100 to 11200 where the index has formed a top in the month of January-2018. During the week the index manages to hit a high of 10893 and close the week around the levels of 10818.

Minor support for the index lies in the zone of 10700 to 10750. Support for the index lies in the zone of 10500 to 10550 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 10300 to 10400 where long term moving averages and Fibonacci levels are lying.

Resistance for the index lies in the zone of 10900 to 11000 where the index has formed a high in the month of May-2018. If the index manages to close above these levels then the index can move to the levels of 11100 to 11200 where the index has formed a top in the month of January-2018.

Broad range for the week is seen from 10500 on downside & 11000 on upside.

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

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

NIFTY:

 

NIFTY

 

Nifty 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 10500 to 10550 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 10300 to 10400 where long term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 10551 and close the week around the levels of 10767.

Minor support for the index lies in the zone of 10650 to 10700. Support for the index lies in the zone of 10500 to 10550 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 10300 to 10400 where long term moving averages and Fibonacci levels are lying.

Resistance for the index lies in the zone of 10900 to 11000 where the index has formed a high in the month of May-2018. If the index manages to close above these levels then the index can move to the levels of 11100 to 11200 where the index has formed a top in the month of January-2018.

Broad range for the week is seen from 10500 on downside & 11000 on upside.

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that support for the index lies in the zone of 10500 to 10550 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 10300 to 10400 where long term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 10558 and close the week around the levels of 10696.

Support for the index lies in the zone of 10500 to 10550 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 10300 to 10400 where long term moving averages and Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 10700 to 10750. Resistance for the index lies in the zone of 10900 to 11000 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 11100 to 11200 where the index has formed a top in the month of January-2018.

Broad range for the week is seen from 10500 on downside & 10900 on upside.

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

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

NIFTY:

 

NIFTY

 

Nifty closed the week on absolutely flat note.

As we have mentioned last week, that support for the index lies in the zone of 10500 to 10550 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 10300 to 10400 where long term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 10418 and close the week around the levels of 10605.

Support for the index lies in the zone of 10500 to 10550 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 10300 to 10400 where long term moving averages and Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 10700 to 10750. Resistance for the index lies in the zone of 10900 to 11000 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 11100 to 11200 where the index has formed a top in the month of January-2018.

Broad range for the week is seen from 10400 on downside & 10800 on upside.

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 10900 to 11000 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 11100 to 11200 where the index has formed a top in the month of January-2018. During the week the index manages to hit a high of 10929 and close the week around the levels of 10596.

Support for the index lies in the zone of 10500 to 10550 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 10300 to 10400 where long term moving averages and Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 10700 to 10750. Resistance for the index lies in the zone of 10900 to 11000 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 11100 to 11200 where the index has formed a top in the month of January-2018.

Broad range for the week is seen from 10300 on downside & 10800 on upside.

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

Equityandit’s Outlook for Nifty for week (May 14, 2018 – May 18, 2018):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 10700 to 10800 where Fibonacci levels and gap is lying. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 where break down levels are lying. During the week the index manages to hit a high of 10812 and close the week around the levels of 10806.

Minor support for the index lies in the zone of 10650 to 10700. Support for the index lies in the zone of 10500 to 10550 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 10300 to 10400 where long term moving averages and Fibonacci levels are lying.

Resistance for the index lies in the zone of 10900 to 11000 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 11100 to 11200 where the index has formed a top in the month of January-2018.

Broad range for the week is seen from 10500 on downside & 11000 on upside.

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

Equityandit’s Outlook for Nifty for week (May 07, 2018 – May 11, 2018):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 10700 to 10800 where Fibonacci levels and gap is lying. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 where break down levels are lying. During the week the index manages to hit a high of 10785 and close the week around the levels of 10618.

Minor support for the index lies in the zone of 10500 to 10550. Support for the index lies in the zone of 10300 to 10400 where long term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9980 to 10030 where the index has taken multiple supports in the month of November-2017 & December-2017.

Resistance for the index lies in the zone of 10700 to 10800 where Fibonacci levels and gap is lying. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 where break down levels are lying.

Broad range for the week is seen from 10400 on downside & 10800 on upside.

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

Equityandit’s Outlook for Nifty for week (Apr 30, 2018 – May 04, 2018):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 10550 to 10600 where high for the month of March-2018 and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where Fibonacci levels and gap is lying. During the week the index manages to hit a high of 10720 and close the week around the levels of 10692.

Minor support for the index lies in the zone of 10500 to 10550. Support for the index lies in the zone of 10300 to 10400 where long term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9980 to 10030 where the index has taken multiple supports in the month of November-2017 & December-2017.

Resistance for the index lies in the zone of 10700 to 10800 where Fibonacci levels and gap is lying. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 where break down levels are lying.

Broad range for the week is seen from 10400 on downside & 10900 on upside.

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

Equityandit’s Outlook for Nifty for week (Apr 23, 2018 – Apr 27, 2018):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 10500 to 10600 where high for the month of March-2018 and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where Fibonacci levels and gap is lying. During the week the index manages to hit a high of 10594 and close the week around the levels of 10564.

Minor support for the index lies in the zone of 10400 to 10450. Support for the index lies in the zone of 10200 to 10250 where long term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9980 to 10030 where the index has taken multiple supports in the month of November-2017 & December-2017.

Resistance for the index lies in the zone of 10550 to 10600 where high for the month of March-2018 and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where Fibonacci levels and gap is lying.

Broad range for the week is seen from 10300 on downside & 10800 on upside.

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

Equityandit’s Outlook for Nifty for week (Apr 16, 2018 – Apr 20, 2018):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 10450 to 10550 where short & medium term moving averages and highs for the month of March-2018 are lying. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where Fibonacci levels and gap is lying. During the week the index manages to hit a high of 10520 and close the week around the levels of 10481.

Minor support for the index lies in the zone of 10350 to 10400. Support for the index lies in the zone of 10200 to 10250 where long term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9980 to 10030 where the index has taken multiple supports in the month of November-2017 & December-2017.

Resistance for the index lies in the zone of 10500 to 10600 where high for the month of March-2018 and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where Fibonacci levels and gap is lying.

Broad range for the week is seen from 10200 on downside & 10800 on upside.

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

Equityandit’s Outlook for Nifty for week (Apr 09, 2018 – Apr 13, 2018):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 10200 to 10250 where long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10450 to 10550 where short & medium term moving averages and highs for the month of March-2018 are lying. During the week the index manages to hit a high of 10350 and close the week around the levels of 10331.

Support for the index lies in the zone of 10200 to 10250 where long term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9980 to 10030 where the index has taken multiple supports in the month of November-2017 & December-2017.

Resistance for the index lies in the zone of 10450 to 10550 where short & medium term moving averages and highs for the month of March-2018 are lying. If the index manages to close above these levels then the index can move to the levels of 10700 to 10800 where Fibonacci levels and gap is lying.

Broad range for the week is seen from 10000 on downside & 10700 on upside.

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

Equityandit’s Outlook for Nifty for week (Apr 02, 2018 – Apr 06, 2018):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that the index has closed around the support zone of 9980 to 10030 where the index has taken multiple supports in the month of November-2017 & December-2017. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9600 where Fibonacci levels and lows for the month of August-2017 and September-2017 are lying. During the week the index manages to hit a low of 9959 and close the week around the levels of 10114.

Support for the index lies in the zone of 9980 to 10030 where the index has taken multiple supports in the month of November-2017 & December-2017. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9600 where Fibonacci levels and lows for the month of August-2017 and September-2017 are lying.

Resistance for the index lies in the zone of 10200 to 10250 where long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10450 to 10550 where short & medium term moving averages and highs for the month of March-2018 are lying.

Broad range for the week is seen from 9800 on downside & 10500 on upside.

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

Equityandit’s Outlook for Nifty for week (Mar 26, 2018 – Mar 28, 2018):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that support for the index lies in the zone of 10000 to 10100 where the index has taken multiple supports in the month of November-2017 & December-2017 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 9500 to 9600 where Fibonacci levels and lows for the month of August-2017 and September-2017 are lying. During the week the index manages to hit a low of 9952 and close the week around the levels of 9998.

The index has closed around the support zone of 9980 to 10030 where the index has taken multiple supports in the month of November-2017 & December-2017. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9600 where Fibonacci levels and lows for the month of August-2017 and September-2017 are lying.

Resistance for the index lies in the zone of 10200 to 10250 where long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10450 to 10550 where medium & short term moving averages are lying.

Broad range for the week is seen from 9700 on downside & 10300 on upside.

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

Equityandit’s Outlook for Nifty for week (Mar 12, 2018 – Mar 16, 2018):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that support for the index lies in the zone of 10400 to 10500 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 10000 to 10100 where the index has taken multiple supports in the month of November-2017 & December-2017 and long term moving averages are lying. During the week the index manages to hit a low of 10141 and close the week around the levels of 10227.

Support for the index lies in the zone of 10000 to 10100 where the index has taken multiple supports in the month of November-2017 & December-2017 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 9500 to 9600 where Fibonacci levels and lows for the month of August-2017 and September-2017 are lying.

Resistance for the index lies in the zone of 10400 to 10500 where medium & short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10650 to 10750 from where the index has opened gap down.

Broad range for the week is seen from 10000 on downside & 10500 on upside.

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

Equityandit’s Outlook for Nifty for week (Mar 05, 2018 – Mar 09, 2018):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 10650 to 10750 from where the index has opened gap down. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 from where the index broke down after consolidation. During the week the index manages to hit a high of 10632 and close the week around the levels of 10458.

Support for the index lies in the zone of 10400 to 10500 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 10000 to 10100 where the index has taken multiple supports in the month of November-2017 & December-2017 and long term moving averages are lying.

Resistance for the index lies in the zone of 10650 to 10750 from where the index has opened gap down. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 from where the index broke down after consolidation.

Broad range for the week is seen from 10000 on downside & 11000 on upside.

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

Equityandit’s Outlook for Nifty for week (Feb 26, 2018 – Mar 02, 2018):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that support for the index lies in the zone of 10400 to 10500 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 10000 to 10100 where the index has taken multiple supports in the month of November-2017 & December-2017 and long term moving averages are lying. During the week the index manages to hit a low of 10303 and close the week around the levels of 10491.

Support for the index lies in the zone of 10400 to 10500 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 10000 to 10100 where the index has taken multiple supports in the month of November-2017 & December-2017 and long term moving averages are lying.

Resistance for the index lies in the zone of 10650 to 10750 from where the index has opened gap down. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 from where the index broke down after consolidation.

Broad range for the week is seen from 10000 on downside & 11000 on upside.

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

Equityandit’s Outlook for Nifty for week (Feb 19, 2018 – Feb 23, 2018):

NIFTY:

 

NIFTY

 

Nifty closed the week on absolutely flat note.

As we have mentioned last week, that resistance for the index lies in the zone of 10650 to 10750 from where the index has opened gap down. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 from where the index broke down after consolidation. During the week the index manages to hit a high of 10618 and close the week around the levels of 10452.

Support for the index lies in the zone of 10400 to 10500 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 10000 to 10100 where the index has taken multiple supports in the month of November-2017 & December-2017 and long term moving averages are lying.

Resistance for the index lies in the zone of 10650 to 10750 from where the index has opened gap down. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 from where the index broke down after consolidation.

Broad range for the week is seen from 10000 on downside & 11000 on upside.

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

Equityandit’s Outlook for Nifty for week (Feb 12, 2018 – Feb 16, 2018):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that support for the index lies in the zone of 10600 to 10700 from where the index broke out of trend-line joining highs formed in the month of September-2016 and August-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of 10400 to 10500 where break out levels and short term moving averages are lying. During the week the index manages to hit a low of 10276 and close the week around the levels of 10455.

Support for the index lies in the zone of 10400 to 10500 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 10000 to 10100 where the index has taken multiple supports in the month of November-2017 & December-2017 and long term moving averages are lying.

Resistance for the index lies in the zone of 10650 to 10750 from where the index has opened gap down. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 from where the index broke down after consolidation.

Broad range for the week is seen from 10000 on downside & 11000 on upside.

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

Equityandit’s Outlook for Nifty for week (Feb 05, 2018 – Feb 09, 2018):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 11100 to 11200 where channel resistance for the index is lying. If the index manages to close above these levels then the index can move to the levels of 11400 to 11500. During the week the index manages to hit a high of 11171 and close the week around the levels of 10760.

Support for the index lies in the zone of 10600 to 10700 from where the index broke out of trend-line joining highs formed in the month of September-2016 and August-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of 10400 to 10500 where break out levels and short term moving averages are lying.

Minor resistance for the index lies in the zone of 10850 to 10950. Resistance for the index lies in the zone of 11100 to 11200 where channel resistance for the index is lying. If the index manages to close above these levels then the index can move to the levels of 11400 to 11500.

High level of volatility can be expected during the week as the RBI policy is to be announced next week.

Broad range for the week is seen from 10300 on downside & 11100 on upside.

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

Equityandit’s Outlook for Nifty for week (Jan 29, 2018 – Feb 02, 2018):

NIFTY:

 

NIFTY

 

Nifty 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 10900 to 11000. If the index manages to close above these levels then the index can move to the levels of 11200 to 11300. During the week the index manages to hit a high of 11110 and close the week around the levels of 11070.

Minor support for the index lies in the zone of 10950 to 11000. Support for the index lies in the zone of 10600 to 10700 from where the index broke out of trend-line joining highs formed in the month of September-2016 and August-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of 10350 to 10400 where break out levels and short term moving averages are lying.

Resistance for the index lies in the zone of 11100 to 11200 where channel resistance for the index is lying. If the index manages to close above these levels then the index can move to the levels of 11400 to 11500.

High level of volatility can be expected during the week as the Government is going to announce the Budget on 1st February 2018.

Broad range for the week is seen from 10600 on downside & 11400 on upside.

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

Equityandit’s Outlook for Nifty for week (Jan 22, 2018 – Jan 25, 2018):

NIFTY:

 

NIFTY

 

Nifty 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 10600 to 10700 where trend-line joining highs formed in the month of September-2016 and August-2017 is lying. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000. During the week the index manages to hit a high of 10907 and close the week around the levels of 10895.

Support for the index lies in the zone of 10600 to 10700 from where the index broke out of trend-line joining highs formed in the month of September-2016 and August-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of 10350 to 10400 where break out levels and short term moving averages are lying.

Resistance for the index lies in the zone of 10900 to 11000. If the index manages to close above these levels then the index can move to the levels of 11200 to 11300.

Broad range for the week is seen from 10600 on downside & 11200 on upside.

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

Equityandit’s Outlook for Nifty for week (Jan 15, 2018 – Jan 19, 2018):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 10600 to 10700 where trend-line joining highs formed in the month of September-2016 and August-2017 is lying. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000. During the week the index manages to hit a high of 10690 and close the week around the levels of 10681.

Minor support for the index lies in the zone of 10500 to 10550. Support for the index lies in the zone of 10350 to 10400 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 10000 to 10100 where break out levels are lying.

Resistance for the index lies in the zone of 10600 to 10700 where trend-line joining highs formed in the month of September-2016 and August-2017 is lying. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000.

Broad range for the week is seen from 10400 on downside & 10900 on upside.

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

Equityandit’s Outlook for Nifty for week (Jan 08, 2018 – Jan 12, 2018):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 10400 to 10450. Support for the index lies in the zone of 10000 to 10100 where medium term moving averages and break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9650 to 9700 where 200 daily moving averages and lows for the month of August-2017 and September-2017 are lying. During the week the index manages to hit a low of 10405 and close the week around the levels of 10559.

Minor support for the index lies in the zone of 10400 to 10450. Support for the index lies in the zone of 10000 to 10100 where medium term moving averages and break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9650 to 9700 where lows for the month of August-2017 and September-2017 are lying.

Resistance for the index lies in the zone of 10600 to 10700 where trend-line joining highs formed in the month of September-2016 and August-2017 is lying. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000.

Broad range for the week is seen from 10300 on downside & 10800 on upside.

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

Equityandit’s Outlook for Nifty for week (Jan 01, 2018 – Jan 05, 2018):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 10300 to 10400. Support for the index lies in the zone of 10000 to 10100 where medium term moving averages and break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9650 to 9700 where 200 daily moving averages and lows for the month of August-2017 and September-2017 are lying. During the week the index manages to hit a low of 10460 and close the week around the levels of 10531.

Minor support for the index lies in the zone of 10400 to 10450. Support for the index lies in the zone of 10000 to 10100 where medium term moving averages and break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9650 to 9700 where 200 daily moving averages and lows for the month of August-2017 and September-2017 are lying.

Resistance for the index lies in the zone of 10600 to 10700 where trend-line joining highs formed in the month of September-2016 and August-2017 is lying. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000.

Broad range for the week is seen from 10300 on downside & 10800 on upside.

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

Equityandit’s Outlook for Nifty for week (Dec 26, 2017 – Dec 29, 2017):

NIFTY:

 

NIFTY

 

Nifty 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 10000 to 10100 where medium term moving averages and break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9650 to 9700 where 200 daily moving averages and lows for the month of August-2017 and September-2017 are lying. During the week the index manages to hit a low of 10075 and close the week around the levels of 10493.

Minor support for the index lies in the zone of 10300 to 10400. Support for the index lies in the zone of 10000 to 10100 where medium term moving averages and break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9650 to 9700 where 200 daily moving averages and lows for the month of August-2017 and September-2017 are lying.

Resistance for the index lies in the zone of 10600 to 10700 where trend-line joining highs formed in the month of September-2016 and August-2017 is lying. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000.

Broad range for the week is seen from 10200 on downside & 10800 on upside.

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

Equityandit’s Outlook for Nifty for week (Dec 18, 2017 – Dec 22, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that support for the index lies in the zone of 10000 to 10050 where medium term moving averages and low for the month of November-2017 are lying. If the index manages to close below these levels then the index can drift to the levels of 9650 to 9700 where 200 daily moving averages and lows for the month of August-2017 and September-2017 are lying. During the week the index manages to hit a low of 10141 and close the week around the levels of 10333.

Support for the index lies in the zone of 10000 to 10100 where medium term moving averages and break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9650 to 9700 where 200 daily moving averages and lows for the month of August-2017 and September-2017 are lying.

Resistance for the index lies in the zone of 10300 to 10400 where break down levels are lying. If the index manages to close above these levels then the index can move to the levels of 10600 to 10700 where trend-line joining highs formed in the month of September-2016 and August-2017 is lying.

Broad range for the week is seen from 10000 on downside & 10600 on upside.

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

Equityandit’s Outlook for Nifty for week (Dec 11, 2017 – Dec 15, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that support for the index lies in the zone of 10000 to 10050 where medium term moving averages and low for the month of November-2017 are lying. If the index manages to close below these levels then the index can drift to the levels of 9650 to 9700 where 200 daily moving averages and lows for the month of August-2017 and September-2017 are lying. During the week the index manages to hit a low of 10033 and close the week around the levels of 10266.

Support for the index lies in the zone of 10000 to 10050 where medium term moving averages and low for the month of November-2017 are lying. If the index manages to close below these levels then the index can drift to the levels of 9650 to 9700 where 200 daily moving averages and lows for the month of August-2017 and September-2017 are lying.

Resistance for the index lies in the zone of 10200 to 10300 where short term moving averages and break down levels are lying. If the index manages to close above these levels then the index can move to the levels of 10480 to 10520 where trend-line joining highs formed in the month of September-2016 and August-2017 is lying.

Broad range for the week is seen from 9900 on downside & 10500 on upside.

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

Equityandit’s Outlook for Nifty for week (Dec 04, 2017 – Dec 08, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 10300 to 10320. Support for the index lies in the zone of 10200 to 10250 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10050 to 10150 where short term moving averages are lying. During the week the index manages to hit a low of 10109 and close the week around the levels of 10122.

Support for the index lies in the zone of 10000 to 10050 where medium term moving averages and low for the month of November-2017 are lying. If the index manages to close below these levels then the index can drift to the levels of 9650 to 9700 where 200 daily moving averages and lows for the month of August-2017 and September-2017 are lying.

Resistance for the index lies in the zone of 10200 to 10300 where short term moving averages and break down levels are lying. If the index manages to close above these levels then the index can move to the levels of 10480 to 10520 where trend-line joining highs formed in the month of September-2016 and August-2017 is lying.

Broad range for the week is seen from 9700 on downside & 10400 on upside.

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

Equityandit’s Outlook for Nifty for week (Nov 27, 2017 – Dec 01, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that minor resistance for the index lies in the zone of 10350 to 10400. Resistance for the index lies in the zone of 10480 to 10520 where trend-line joining highs formed in the month of September-2016 and August-2017 is lying. If the index manages to close above these levels then the index can move to the levels of 10650 to 10700. During the week the index manages to hit a high of 10404 and close the week around the levels of 10390.

Minor support for the index lies in the zone of 10300 to 10320. Support for the index lies in the zone of 10200 to 10250 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10050 to 10150 where short term moving averages are lying.

Resistance for the index lies in the zone of 10480 to 10520 where trend-line joining highs formed in the month of September-2016 and August-2017 is lying. If the index manages to close above these levels then the index can move to the levels of 10650 to 10700.

Broad range for the week is seen from 10200 on downside & 10600 on upside.

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

Equityandit’s Outlook for Nifty for week (Nov 20, 2017 – Nov 24, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that support for the index lies in the zone of 10200 to 10250 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10050 to 10100 where short term moving averages are lying. During the week the index manages to hit a low of 10094 and close the week around the levels of 10284.

Support for the index lies in the zone of 10200 to 10250 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10050 to 10100 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 10350 to 10400. Resistance for the index lies in the zone of 10480 to 10520 where trend-line joining highs formed in the month of September-2016 and August-2017 is lying. If the index manages to close above these levels then the index can move to the levels of 10650 to 10700.

Broad range for the week is seen from 10100 on downside & 10600 on upside.

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

Equityandit’s Outlook for Nifty for week (Nov 13, 2017 – Nov 17, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 10350 to 10400. Support for the index lies in the zone of 10200 to 10250 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10050 where short term moving averages are lying. During the week the index manages to hit a low of 10254 and close the week around the levels of 10322.

Support for the index lies in the zone of 10200 to 10250 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10050 to 10100 where short term moving averages are lying.

Resistance for the index lies in the zone of 10400 to 10500 where trend-line joining highs formed in the month of September-2016 and August-2017 is lying. If the index manages to close above these levels then the index can move to the levels of 10600 to 10700.

Broad range for the week is seen from 10100 on downside & 10600 on upside.

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

Equityandit’s Outlook for Nifty for week (Nov 06, 2017 – Nov 10, 2017):

NIFTY:

 

NIFTY

 

Nifty closed the week on positive note gaining around 1.25%.

As we have mentioned last week, that resistance for the index lies in the zone of 10350 to 10450 where trend-line joining highs formed in the month of September-2016 and August-2017 is lying. If the index manages to close above these levels then the index can move to the levels of 10600 to 10700. During the week the index manages to hit a high of 10462 and close the week around the levels of 10452.

Minor support for the index lies in the zone of 10350 to 10400. Support for the index lies in the zone of 10200 to 10250 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10050 where short term moving averages are lying.

Resistance for the index lies in the zone of 10400 to 10500 where trend-line joining highs formed in the month of September-2016 and August-2017 is lying. If the index manages to close above these levels then the index can move to the levels of 10600 to 10700.

Broad range for the week is seen from 10200 on downside & 10700 on upside.

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

Equityandit’s Outlook for Nifty for week (Oct 30, 2017 – Nov 03, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 10100 to 10130. Support for the index lies in the zone of 9950 to 10000 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9700 to 9750 where trend-line joining lows of August-2017 and September-2017 is lying. During the week the index manages to hit a low of 10124 and close the week around the levels of 10323.

Minor support for the index lies in the zone of 10200 to 10250. Support for the index lies in the zone of 10100 to 10130 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9950 to 10000 where short term moving averages are lying.

Resistance for the index lies in the zone of 10350 to 10450 where trend-line joining highs formed in the month of September-2016 and August-2017 is lying. If the index manages to close above these levels then the index can move to the levels of 10600 to 10700.

Broad range for the week is seen from 10000 on downside & 10600 on upside.

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

Equityandit’s Outlook for Nifty for week (Oct 23, 2017 – Oct 27, 2017):

NIFTY:

 

NIFTY

 

Nifty 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 10200 to 10250 where trend-line joining high of August-2017 and September-2017 is lying. If the index manages to close above these levels then the index can move to the levels of 10350 to 10400. During the week the index manages to hit a high of 10252 and close the week around the levels of 10147.

Minor support for the index lies in the zone of 10100 to 10130. Support for the index lies in the zone of 9950 to 10000 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9700 to 9750 where trend-line joining lows of August-2017 and September-2017 is lying.

Resistance for the index lies in the zone of 10200 to 10250 where trend-line joining high of August-2017 and September-2017 is lying. If the index manages to close above these levels then the index can move to the levels of 10350 to 10400.

Broad range for the week is seen from 10000 on downside & 10300 on upside.

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

Equityandit’s Outlook for Nifty for week (Oct 16, 2017 – Oct 19, 2017):

NIFTY:

 

NIFTY

 

Nifty 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 10000 to 10050 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 10130 to 10180 where the index has formed a top in the month of August-2017 & September-2017. During the week the index manages to hit a high of 10192 and close the week around the levels of 10167.

Minor support for the index lies in the zone of 10100 to 10130. Support for the index lies in the zone of 9950 to 10000 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9700 to 9750 where trend-line joining lows of August-2017 and September-2017 is lying.

Resistance for the index lies in the zone of 10200 to 10250 where trend-line joining high of August-2017 and September-2017 is lying. If the index manages to close above these levels then the index can move to the levels of 10350 to 10400.

Broad range for the week is seen from 10000 on downside & 10300 on upside.

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

Equityandit’s Outlook for Nifty for week (Oct 09, 2017 – Oct 13, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that minor resistance for the index lies in the zone of 9840 to 9860. Resistance for the index lies in the zone of 9930 to 9960 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10130 to 10180 where the index has formed a top in the month of August-2017 & September-2017. During the week the index manages to hit a high of 9989 and close the week around the levels of 9980.

Minor support for the index lies in the zone of 9830 to 9850. Support for the index lies in the zone of 9700 to 9740 from where the index broke out of June-2017 high 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 9450 to 9500 where the index has taken support in the month of June-2017.

Resistance for the index lies in the zone of 10000 to 10050 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 10130 to 10180 where the index has formed a top in the month of August-2017 & September-2017.

Broad range for the week is seen from 9700 on downside & 10200 on upside.

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

Equityandit’s Outlook for Nifty for week (Oct 03, 2017 – Oct 06, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that support for the index lies in the zone of 9880 to 9920 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9700 to 9740 from where the index broke out of June-2017 high and medium term moving averages are lying. During the week the index manages to hit a low of 9789 and close the week around the levels of 9789.

Support for the index lies in the zone of 9700 to 9740 from where the index broke out of June-2017 high 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 9450 to 9500 where the index has taken support in the month of June-2017.

Minor resistance for the index lies in the zone of 9840 to 9860. Resistance for the index lies in the zone of 9930 to 9960 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10130 to 10180 where the index has formed a top in the month of August-2017 & September-2017.

Broad range for the week is seen from 9500 on downside & 10000 on upside.

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

Equityandit’s Outlook for Nifty for week (Sep 25, 2017 – Sep 29, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 10100 to 10130 where the index has formed a top in the month of August-2017. If the index manages to close above these levels then the index can move to the levels of 10300 to 10400. During the week the index manages to hit a high of 10179 and close the week around the levels of 9964.

Support for the index lies in the zone of 9880 to 9920 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9700 to 9740 from where the index broke out of June-2017 high and medium term moving averages are lying.

Minor resistance for the index lies in the zone of 9980 to 10020. Resistance for the index lies in the zone of 10100 to 10130 where the index has formed a top in the month of August-2017. If the index manages to close above these levels then the index can move to the levels of 10300 to 10400.

Broad range for the week is seen from 9700 on downside & 10200 on upside.

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

Equityandit’s Outlook for Nifty for week (Sep 18, 2017 – Sep 22, 2017):

NIFTY:

 

NIFTY

 

Nifty 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 9950 to 10000 from where the index has broken down after consolidation. If the index manages to close above these levels then the index can move to the levels of 10080 to 10120 where the index has formed a top in the month of August-2017. During the week the index manages to hit a high of 10132 and close the week around the levels of 10085.

Minor support for the index lies in the zone of 9980 to 10020. Support for the index lies in the zone of 9880 to 9920 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9700 to 9740 from where the index broke out of June-2017 high.

Resistance for the index lies in the zone of 10100 to 10130 where the index has formed a top in the month of August-2017. If the index manages to close above these levels then the index can move to the levels of 10300 to 10400.

Broad range for the week is seen from 9800 on downside & 10300 on upside.

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

Equityandit’s Outlook for Nifty for week (Sep 11, 2017 – Sep 15, 2017):

NIFTY:

 

NIFTY

 

Nifty 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 9950 to 10000 from where the index has broken down after consolidation. If the index manages to close above these levels then the index can move to the levels of 10080 to 10120 where the index has formed a top in the month of August-2017. During the week the index manages to hit a high of 9988 and close the week around the levels of 9935.

Minor support for the index lies in the zone of 9880 to 9910. Support for the index lies in the zone of 9830 to 9850 where short term moving averages are lying. Support for the index lies in the zone of 9700 to 9740 from where the index broke out of June-2017 high. If the index manages to close below these levels then the index can drift to the levels of 9550 to 9600 where medium term moving averages are lying.

Resistance for the index lies in the zone of 9950 to 10000 from where the index has broken down after consolidation. If the index manages to close above these levels then the index can move to the levels of 10080 to 10120 where the index has formed a top in the month of August-2017.

Broad range for the week is seen from 9700 on downside & 10100 on upside.

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

Equityandit’s Outlook for Nifty for week (Sep 04, 2017 – Sep 08, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that support for the index lies in the zone of 9780 to 9810 where short term moving averages are lying. Support for the index lies in the zone of 9700 to 9740 from where the index broke out of June-2017 high. If the index manages to close below these levels then the index can drift to the levels of 9550 to 9600 where medium term moving averages are lying. During the week the index manages to hit a low of 9784 and close the week around the levels of 9975.

Minor support for the index lies in the zone of 9880 to 9910. Support for the index lies in the zone of 9800 to 9830 where short term moving averages are lying. Support for the index lies in the zone of 9700 to 9740 from where the index broke out of June-2017 high. If the index manages to close below these levels then the index can drift to the levels of 9550 to 9600 where medium term moving averages are lying.

Resistance for the index lies in the zone of 9950 to 10000 from where the index has broken down after consolidation. If the index manages to close above these levels then the index can move to the levels of 10080 to 10120 where the index has formed a top in the month of August-2017.

Broad range for the week is seen from 9800 on downside & 10200 on upside.

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

Equityandit’s Outlook for Nifty for week (Aug 28, 2017 – Sep 01, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that support for the index lies in the zone of 9780 to 9810 where short term moving averages are lying. Support for the index lies in the zone of 9700 to 9740 from where the index broke out of June-2017 high. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 where medium term moving averages are lying. During the week the index manages to hit a low of 9740 and close the week around the levels of 9857.

Support for the index lies in the zone of 9780 to 9810 where short term moving averages are lying. Support for the index lies in the zone of 9700 to 9740 from where the index broke out of June-2017 high. If the index manages to close below these levels then the index can drift to the levels of 9550 to 9600 where medium term moving averages are lying.

Resistance for the index lies in the zone of 9950 to 10000 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 10080 to 10120 where the index has formed a top.

Broad range for the week is seen from 9650 on downside & 10050 on upside.

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

Equityandit’s Outlook for Nifty for week (Aug 21, 2017 – Aug 25, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 9770 to 9820 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9950 to 10000 from where the index broke down after consolidation. During the week the index manages to hit a high of 9948 and close the week around the levels of 9837.

Support for the index lies in the zone of 9780 to 9810 where short term moving averages are lying. Support for the index lies in the zone of 9700 to 9740 from where the index broke out of June-2017 high. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 where medium term moving averages are lying.

Resistance for the index lies in the zone of 9950 to 10000 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 10080 to 10120 where the index has formed a top.

Broad range for the week is seen from 9600 on downside & 10050 on upside.

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

Equityandit’s Outlook for Nifty for week (Aug 14, 2017 – Aug 18, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor support for the index lies in the zone of 9980 to 10020. Support for the index lies in the zone of 9900 to 9930 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9700 to 9740 from where the index broke out of June-2017 highs and short term moving averages are lying. During the week the index manages to hit a low of 9686 and close the week around the levels of 9711.

Support for the index lies in the zone of 9700 to 9740 from where the index broke out of June-2017 high. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 where medium term moving averages are lying.

Resistance for the index lies in the zone of 9770 to 9820 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9950 to 10000 from where the index broke down after consolidation.

Broad range for the week is seen from 9400 on downside & 10000 on upside.

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

Equityandit’s Outlook for Nifty for week (Aug 07, 2017 – Aug 11, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that resistance for the index lies in the zone of 10050 to 10100 where Fibonacci levels and channel resistance for the index is lying. If the index manages to close above these levels then the index can move to the levels of 10400 to 10500. During the week the index manages to hit a high of 10138 and close the week around the levels of 10066.

Minor support for the index lies in the zone of 9980 to 10020. Support for the index lies in the zone of 9900 to 9930 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9700 to 9740 from where the index broke out of June-2017 highs and short term moving averages are lying.

Resistance for the index lies in the zone of 10100 to 10150 where channel resistance for the index is lying. If the index manages to close above these levels then the index can move to the levels of 10400 to 10500.

Broad range for the week is seen from 9700 on downside & 10400 on upside.

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

Equityandit’s Outlook for Nifty for week (July 31, 2017 – Aug 04, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 9900 to 9930. If the index manages to close above these levels then the index can move to the levels of 10050 to 10100 where Fibonacci levels and channel resistance for the index is lying. During the week the index manages to hit a high of 10115 and close the week around the levels of 10014.

Minor support for the index lies in the zone of 9900 to 9930. Support for the index lies in the zone of 9670 to 9700 from where the index broke out of June-2017 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 9500 to 9550 where break out levels for the index is lying.

Resistance for the index lies in the zone of 10050 to 10100 where Fibonacci levels and channel resistance for the index is lying. If the index manages to close above these levels then the index can move to the levels of 10400 to 10500.

Broad range for the week is seen from 9700 on downside & 10400 on upside.

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

Equityandit’s Outlook for Nifty for week (July 24, 2017 – July 28, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that minor support for the index lies in the zone of 9770 to 9800. Support for the index lies in the zone of 9670 to 9700 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9550 where short term moving averages are lying. During the week the index manages to hit a low of 9792 and close the week around the levels of 9915.

Resistance for the index lies in the zone of 9900 to 9930. If the index manages to close above these levels then the index can move to the levels of 10000 to 10050 where Fibonacci levels and channel resistance for the index is lying.

Minor support for the index lies in the zone of 9800 to 9820. Support for the index lies in the zone of 9670 to 9700 from where the index broke out of June-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9550 where break out levels for the index is lying.

Resistance for the index lies in the zone of 9900 to 9930. If the index manages to close above these levels then the index can move to the levels of 10050 to 10100 where Fibonacci levels and channel resistance for the index is lying.

Broad range for the week is seen from 9700 on downside & 10100 on upside.

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

Equityandit’s Outlook for Nifty for week (July 17, 2017 – July 21, 2017):

NIFTY:

 

NIFTY

 

Nifty 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 9700 to 9750 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 9880 to 9900. During the week the index manages to hit a high of 9913 and close the week around the levels of 9886.

Minor support for the index lies in the zone of 9770 to 9800. Support for the index lies in the zone of 9670 to 9700 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9550 where short term moving averages are lying.

Resistance for the index lies in the zone of 9900 to 9930. If the index manages to close above these levels then the index can move to the levels of 10000 to 10050 where Fibonacci levels and channel resistance for the index is lying.

Broad range for the week is seen from 9700 on downside & 10050 on upside.

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

Equityandit’s Outlook for Nifty for week (July 10, 2017 – July 14, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 9550 to 9580. Resistance for the index lies in the zone of 9700 to 9750 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 9880 to 9900. During the week the index manages to hit a high of 9701 and close the week around the levels of 9666.

Minor support for the index lies in the zone of 9570 to 9620. Support for the index lies in the zone of 9400 to 9450 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where break out gap for the index is lying.

Resistance for the index lies in the zone of 9700 to 9750 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 9880 to 9900.

Broad range for the week is seen from 9450 on downside & 9850 on upside.

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

Equityandit’s Outlook for Nifty for week (July 03, 2017 – July 07, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor support for the index lies in the zone of 9530 to 9550. Support for the index lies in the zone of 9400 to 9450 where break out levels and short term moving averages for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where break out gap for the index is lying. During the week the index manages to hit a low of 9449 and close the week around the levels of 9521.

Support for the index lies in the zone of 9400 to 9450 where break out levels and short term moving averages for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where break out gap for the index is lying.

Minor resistance for the index lies in the zone of 9550 to 9580. Resistance for the index lies in the zone of 9700 to 9750 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 9880 to 9900.

Broad range for the week is seen from 9300 on downside & 9700 on upside.

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

Equityandit’s Outlook for Nifty for week (June 27, 2017 – June 30, 2017):

NIFTY:

 

NIFTY

 

Nifty closed the week on negative note losing around 0.15%.

As we have mentioned last week that minor resistance for the index lies in the zone of 9650 to 9680. Resistance for the index lies in the zone of 9730 to 9750. If the index manages to close above these levels then the index can move to the levels of 9880 to 9900. During the week the index manages to hit a high of 9699 and close the week around the levels of 9575.

Minor support for the index lies in the zone of 9530 to 9550. Support for the index lies in the zone of 9400 to 9450 where break out levels and short term moving averages for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where break out gap for the index is lying.

Minor resistance for the index lies in the zone of 9610 to 9630. Resistance for the index lies in the zone of 9700 to 9750 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 9880 to 9900.

Broad range for the week is seen from 9350 on downside & 9750 on upside.

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

Equityandit’s Outlook for Nifty for week (June 19, 2017 – June 23, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor support for the index lies in the zone of 9550 to 9600. Support for the index lies in the zone of 9350 to 9400 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where break out gap for the index is lying. During the week the index manages to hit a low of 9561 and close the week around the levels of 9588.

Minor support for the index lies in the zone of 9530 to 9550. Support for the index lies in the zone of 9350 to 9400 where break out levels and short term moving averages for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where break out gap for the index is lying.

Minor resistance for the index lies in the zone of 9650 to 9680. Resistance for the index lies in the zone of 9730 to 9750. If the index manages to close above these levels then the index can move to the levels of 9880 to 9900.

Broad range for the week is seen from 9400 on downside & 9800 on upside.

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

Equityandit’s Outlook for Nifty for week (June 12, 2017 – June 16, 2017):

NIFTY:

 

NIFTY

 

Nifty closed the week on absolutely flat note.

As we have mentioned last week that minor support for the index lies in the zone of 9550 to 9600. Support for the index lies in the zone of 9350 to 9400 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where break out gap for the index is lying. During the week the index manages to hit a low of 9608 and close the week around the levels of 9668.

Minor support for the index lies in the zone of 9550 to 9600. Support for the index lies in the zone of 9350 to 9400 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where break out gap for the index is lying.

Resistance for the index lies in the zone of 9730 to 9750. If the index manages to close above these levels then the index can move to the levels of 9880 to 9900.

Broad range for the week is seen from 9450 on downside & 9850 on upside.

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

Equityandit’s Outlook for Nifty for week (June 05, 2017 – June 09, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor support for the index lies in the zone of 9500 to 9520. Support for the index lies in the zone of 9350 to 9400 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where short term moving averages are lying. During the week the index manages to hit a low of 9548 and close the week around the levels of 9653.

Minor support for the index lies in the zone of 9550 to 9600. Support for the index lies in the zone of 9350 to 9400 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where break out gap for the index is lying.

Resistance for the index lies in the zone of 9730 to 9750. If the index manages to close above these levels then the index can move to the levels of 9880 to 9900.

On 07/06/2017 Wednesday the RBI will be concluding the two day Policy meet. So the index can witness some volatility.

Broad range for the week is seen from 9450 on downside & 9850 on upside.

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

Equityandit’s Outlook for Nifty for week (May 29, 2017 – June 02, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor support for the index lies in the zone of 9350 to 9380. Support for the index lies in the zone of 9200 to 9250 where the index had opened gap up 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 9070 to 9130 where Fibonacci levels. During the week the index manages to hit a low of 9341 and close the week around the levels of 9595.

Minor support for the index lies in the zone of 9500 to 9520. Support for the index lies in the zone of 9350 to 9400 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where short term moving averages are lying.

Resistance for the index lies in the zone of 9700 to 9730. If the index manages to close above these levels then the index can move to the levels of 9880 to 9900.

Broad range for the week is seen from 9400 on downside & 9800 on upside.

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

Equityandit’s Outlook for Nifty for week (May 22, 2017 – May 26, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor support for the index lies in the zone of 9350 to 9380. Support for the index lies in the zone of 9200 to 9250 where the index had opened gap up. If the index manages to close below these levels then the index can drift to the levels of 9070 to 9130 where Fibonacci levels and short term moving averages are lying. During the week the index manages to hit a low of 9391 and close the week around the levels of 9428.

Minor support for the index lies in the zone of 9350 to 9380. Support for the index lies in the zone of 9200 to 9250 where the index had opened gap up 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 9070 to 9130 where Fibonacci levels.

Resistance for the index lies in the zone of 9420 to 9460 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 9550 to 9600.

Broad range for the week is seen from 9200 on downside & 9600 on upside.

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

Equityandit’s Outlook for Nifty for week (May 15, 2017 – May 19, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 9340 to 9360. Resistance for the index lies in the zone of 9420 to 9460 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 9600. During the week the index manages to hit a high of 9451 and close the week around the levels of 9401.

Minor support for the index lies in the zone of 9350 to 9380. Support for the index lies in the zone of 9200 to 9250 where the index had opened gap up. If the index manages to close below these levels then the index can drift to the levels of 9070 to 9130 where Fibonacci levels and short term moving averages are lying.

Resistance for the index lies in the zone of 9420 to 9460 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 9600.

Broad range for the week is seen from 9200 on downside & 9600 on upside.

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

Equityandit’s Outlook for Nifty for week (May 08, 2017 – May 12, 2017):

NIFTY:

 

NIFTY

 

Nifty 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 9250 to 9270. Support for the index lies in the zone of 9170 to 9220 from where the index has opened gap up. If the index manages to close below these levels then the index can drift to the levels of around 9020 to 9070 where lows for the month of April-2017 and the index has opened gap up. During the week the index manages to hit a low of 9270 and close the week around the levels of 9285.

Minor support for the index lies in the zone of 9250 to 9270. Support for the index lies in the zone of 9170 to 9220 from where the index has opened gap up. If the index manages to close below these levels then the index can drift to the levels of around 9020 to 9070 where lows for the month of April-2017 and the index has opened gap up.

Minor resistance for the index lies in the zone of 9340 to 9360. Resistance for the index lies in the zone of 9420 to 9460 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 9600.

Broad range for the week is seen from 9100 on downside & 9500 on upside.

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

Equityandit’s Outlook for Nifty for week (May 02, 2017 – May 05, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 9170 to 9200. Resistance for the index lies in the zone of 9220 to 9250 from where the index sold off on intraday basis. If the index manages to close above these levels then the index can move to the levels of around 9300 to 9350. During the week the index manages to hit a high of 9367 and close the week around the levels of 9304.

Minor support for the index lies in the zone of 9250 to 9270. Support for the index lies in the zone of 9170 to 9220 from where the index has opened gap up. If the index manages to close below these levels then the index can drift to the levels of around 9020 to 9070 where lows for the month of April-2017 and the index has opened gap up.

Minor resistance for the index lies in the zone of 9340 to 9360. Resistance for the index lies in the zone of 9420 to 9460 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 9600.

Broad range for the week is seen from 9100 on downside & 9500 on upside.

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

Equityandit’s Outlook for Nifty for week (April 24, 2017 – April 28, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 9220 to 9240. Resistance for the index lies in the zone of 9270 to 9300. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying. During the week the index manages to hit a high of 9218 and close the week around the levels of 9119.

Minor support for the index lies in the zone of 9070 to 9080. Support for the index lies in the zone of 9020 to 9050 where the index has formed a short term bottom. If the index manages to close below these levels then the index can drift to the levels of 8930 to 8970 where the index has formed a gap on gap up opening.

Minor resistance for the index lies in the zone of 9170 to 9200. Resistance for the index lies in the zone of 9220 to 9250 from where the index sold off on intraday basis. If the index manages to close above these levels then the index can move to the levels of around 9300 to 9350.

Broad range for the week is seen from 8900 on downside & 9300 on upside.

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

Equityandit’s Outlook for Nifty for week (April 17, 2017 – April 21, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 9220 to 9240. Resistance for the index lies in the zone of 9270 to 9300. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying. During the week the index manages to hit a high of 9246 and close the week around the levels of 9151.

Minor support for the index lies in the zone of 9120 to 9140. Support for the index lies in the zone of 9020 to 9050 where the index has formed a short term bottom. If the index manages to close below these levels then the index can drift to the levels of 8930 to 8970 where the index has formed a gap on gap up opening.

Minor resistance for the index lies in the zone of 9220 to 9240. Resistance for the index lies in the zone of 9270 to 9300. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying.

Broad range for the week is seen from 8900 on downside & 9300 on upside.

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

Equityandit’s Outlook for Nifty for week (April 10, 2017 – April 13, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 9150 to 9180. Resistance for the index lies in the zone of 9220 to 9250 where the index has formed a top in the month of March-2017. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying. During the week the index manages to hit a high of 9274 and close the week around the levels of 9198.

Minor support for the index lies in the zone of 9120 to 9140. Support for the index lies in the zone of 9020 to 9050 where the index has formed a short term bottom. If the index manages to close below these levels then the index can drift to the levels of 8930 to 8970 where the index has formed a gap on gap up opening.

Minor resistance for the index lies in the zone of 9220 to 9240. Resistance for the index lies in the zone of 9270 to 9300. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying.

Broad range for the week is seen from 9000 on downside & 9400 on upside.

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

Equityandit’s Outlook for Nifty for week (April 03, 2017 – April 07, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 9150 to 9180. Resistance for the index lies in the zone of 9220 to 9250 where the index has formed a short term top. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying. During the week the index manages to hit a high of 9192 and close the week around the levels of 9169.

Minor support for the index lies in the zone of 9100 to 9130. Support for the index lies in the zone of 9020 to 9050 where the index has formed a short term bottom. If the index manages to close below these levels then the index can drift to the levels of 8930 to 8970 where the index has formed a gap on gap up opening.

Minor resistance for the index lies in the zone of 9150 to 9180. Resistance for the index lies in the zone of 9220 to 9250 where the index has formed a top in the month of March-2017. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying.

Broad range for the week is seen from 9000 on downside & 9400 on upside.

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

Equityandit’s Outlook for Nifty for week (March 27, 2017 – March 31, 2017):

NIFTY:

 

NIFTY

 

Nifty ended the week on negative note losing around 0.60%.

As we have mentioned last week that support for the index lies in the zone of 9080 to 9120 from where the index broke out of the previous highs. If the index manages to close below these levels then the index can drift to the levels of 8950 to 8980 levels where the index has formed a gap. During the week the index manages to hit a low of 9019 and close the week around the levels of 9108.

Minor support for the index lies in the zone of 9050 to 9070. Support for the index lies in the zone of 8950 to 8980 where the index has formed a gap. If the index manages to close below these levels then the index can drift to the levels of 8820 to 8850 where the index has taken multiple support and short term moving averages are lying.

Minor resistance for the index lies in the zone of 9150 to 9180. Resistance for the index lies in the zone of 9220 to 9250 where the index has formed a short term top. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying.

Broad range for the week is seen from 8900 on downside & 9300 on upside.

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

Equityandit’s Outlook for Nifty for week (March 20, 2017 – March 24, 2017):

NIFTY:

 

NIFTY

 

Nifty ended 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 8970 to 9000 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9080 to 9120 where life time highs for the index is lying. During the week the index manages to hit a high of 9218 and close the week around the levels of 9160.

Support for the index lies in the zone of 9080 to 9120 from where the index broke out of the previous highs. If the index manages to close below these levels then the index can drift to the levels of 8950 to 8980 levels where the index has formed a gap.

The index is trading at life time highs so virtually no resistance is visible. Resistance for the index lies in the zone of 9220 to 9250. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying.

Broad range for the week is seen from 8900 on downside & 9300 on upside.

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

Equityandit’s Outlook for Nifty for week (March 14, 2017 – March 17, 2017):

NIFTY:

 

NIFTY

 

Nifty ended the week on positive note gaining around 0.40%.

As we have mentioned last week that minor support for the index lies in the zone of 8850 to 8870. Support for the index lies in the zone of 8780 to 8810 where the index had opened gap up. If the index manages to close below these levels then the index can drift of 8600 to 8650 from where the index broke out of January-2017 highs. During the week the index manages to hit a low of 8892 and close the week around the levels of 8935.

Minor support for the index lies in the zone of 8850 to 8870. Support for the index lies in the zone of 8780 to 8810 where the index had opened gap up. If the index manages to close below these levels then the index can drift of 8600 to 8650 from where the index broke out of January-2017 highs.

Resistance for the index lies in the zone of 8970 to 9000 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9080 to 9120 where life time highs for the index is lying.

On 11th March results of 5 state elections are going to be announced and the markets are closed on 13th March Monday. So Indian market can witnessed a major gap up or down opening on 14th March Tuesday.

Broad range for the week is seen from 8700 on downside & 9100 on upside.

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

Equityandit’s Outlook for Nifty for week (March 06, 2017 – March 10, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor support for the index lies in the zone of 8840 to 8880. Support for the index lies in the zone of 8780 to 8810 where the index had opened gap up. If the index manages to close below these levels then the index can drift of 8600 to 8650 from where the index broke out of January-2017 highs. During the week the index manages to hit a low of 8860 and close the week around the levels of 8898.

Minor support for the index lies in the zone of 8850 to 8870. Support for the index lies in the zone of 8780 to 8810 where the index had opened gap up. If the index manages to close below these levels then the index can drift of 8600 to 8650 from where the index broke out of January-2017 highs.

Resistance for the index lies in the zone of 8900 to 8950 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9050 to 9100 where life time highs for the index is lying.

Broad range for the week is seen from 8700 on downside to 9100 on upside.

 

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

Equityandit’s Outlook for Nifty for week (February 27, 2017 – March 03, 2017):

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that minor resistance for the index lies in the zone of 8800 to 8820. Resistance for the index lies in the zone of 8900 to 8950 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9050 to 9100 where life time highs for the index is lying. During the week the index manages to hit a high of 8982 and close the week around the levels of 8939.

Minor support for the index lies in the zone of 8840 to 8880. Support for the index lies in the zone of 8780 to 8810 where the index had opened gap up. If the index manages to close below these levels then the index can drift of 8600 to 8650 from where the index broke out of January-2017 highs.

Resistance for the index lies in the zone of 8900 to 8950 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9050 to 9100 where life time highs for the index is lying.

Broad range for the week is seen from 8700 on downside to 9100 on upside.

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

EquityPandit’s Outlook for Nifty for week (February 20, 2017 – February 24, 2017):

NIFTY:

 

NIFTY

 

Nifty ended the week on positive note gaining around 0.30%.

As we have mentioned last week that minor support for the index lies in the zone of 8680 to 8720. Support for the index lies in the zone of 8460 to 8510 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift of 8280 to 8330 from where the index broke out of the declining trend-line and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 8100 to 8150 where Fibonacci levels and highs of December-2016 are lying. During the week the index manages to hit a low of 8713 and close the week around the levels of 8822.

Minor support for the index lies in the zone of 8720 to 8750. Support for the index lies in the zone of 8550 to 8600 from where the index broke out. If the index manages to close below these levels then the index can drift of 8350 to 8400 where Fibonacci levels and 200 Daily SMA is lying.

Minor resistance for the index lies in the zone of 8800 to 8820. Resistance for the index lies in the zone of 8900 to 8950 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9050 to 9100 where life time highs for the index is lying.

Broad range for the week is seen from 8700 on downside to 9100 on upside.

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

EquityPandit’s Outlook for Nifty for week (February 13, 2017 – February 17, 2017):

NIFTY:

 

NIFTY

 

Nifty ended the week on positive note gaining around 0.60%.

As we have mentioned last week that minor resistance for the index lies in the zone of 8800 to 8820. Resistance for the index lies in the zone of 8900 to 8950 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9050 to 9100 where life time highs for the index is lying. During the week the index manages to hit a hit of 8822 and close the week around the levels of 8794.

Minor support for the index lies in the zone of 8680 to 8720. Support for the index lies in the zone of 8460 to 8510 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift of 8280 to 8330 from where the index broke out of the declining trend-line and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 8100 to 8150 where Fibonacci levels and highs of December-2016 are lying.

Minor resistance for the index lies in the zone of 8800 to 8820. Resistance for the index lies in the zone of 8900 to 8950 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9050 to 9100 where life time highs for the index is lying.

Broad range for the week is seen from 8600 on downside to 9000 on upside.

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

EquityPandit’s Outlook for Nifty for week (February 06, 2017 – February 10, 2017):

NIFTY:

 

NIFTY

 

Nifty ended the week on positive note gaining around 1.20%.

As we have mentioned last week that resistance for the index lies in the zone of 8680 to 8720 from where the index sold off in the month of October-2016. If the index manages to close above these levels then the index can move to the levels of 8880 to 8920. During the week the index manages to hit a high of 8758 and close the week around the levels of 8741.

Minor support for the index lies in the zone of 8650 to 8680. Support for the index lies in the zone of 8460 to 8510 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift of 8280 to 8320 from where the index broke out of the declining trend-line and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 8100 to 8150 where Fibonacci levels and highs of December-2016 are lying.

Minor resistance for the index lies in the zone of 8800 to 8820. Resistance for the index lies in the zone of 8900 to 8950 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9050 to 9100 where life time highs for the index is lying.

Broad range for the week is seen from 8500 on downside to 9000 on upside.

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

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

NIFTY:

 

NIFTY

 

Nifty ended the week on positive note gaining around 3.50%.

As we have mentioned last week that resistance for the index lies in the zone of 8460 to 8510 where Fibonacci ratio, gap on gap down opening on 11/11/2016 is lying. If the index manages to close above these levels then the index can move to the levels of 8680 to 8720 from where the index sold off in the month of October-2016. During the week the index manages to hit a high of 8673 and close the week around the levels of 8641.

Support for the index lies in the zone of 8460 to 8510 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift of 8280 to 8320 from where the index broke out of the declining trend-line and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 8100 to 8150 where Fibonacci levels and highs of December-2016 are lying.

Resistance for the index lies in the zone of 8680 to 8720 from where the index sold off in the month of October-2016. If the index manages to close above these levels then the index can move to the levels of 8880 to 8920.

On 1st February 2017 the Government is going to announce the Union Budget so very high level of volatility can be witnessed in the market.

Broad range for the week is seen from 8200 on downside to 8900 on upside.

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

EquityPandit’s Outlook for Nifty for week (January 23, 2017 – January 27, 2017):

NIFTY:

 

nifty

 

Nifty ended the week on negative note losing around 0.60%.

As we have mentioned last week that Resistance for the index lies in the zone of 8460 to 8510 where Fibonacci ratio, gap on gap down opening on 11/11/2016 is lying. If the index manages to close above these levels then the index can move to the levels of 8680 to 8720 from where the index sold off in the month of October-2016. During the week the index manages to hit a high of 8460 and close the week around the levels of 8349.

Support for the index lies in the zone of 8280 to 8320 from where the index broke out of the declining trend-line and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 8100 to 8150 where Fibonacci ratios and short term moving averages are lying.

Resistance for the index lies in the zone of 8460 to 8510 where Fibonacci ratio, gap on gap down opening on 11/11/2016 is lying. If the index manages to close above these levels then the index can move to the levels of 8680 to 8720 from where the index sold off in the month of October-2016.

Broad range for the week is seen from 8100 on downside to 8500 on upside.

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

EquityPandit’s Outlook for Nifty for week (January 16, 2017 – January 20, 2017):

NIFTY:

 

nifty

 

Nifty ended the week on positive note gaining around 1.90%.

As we have mentioned last week that major resistance for the index lies in the zone of 8280 to 8320 where declining trend-line joining highs of 07/09/2016, 23/09/2016 and 24/10/2016 and medium & long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying. During the week the index manages to hit a high of 8461 and close the week around the levels of 8400.

Support for the index lies in the zone of 8280 to 8320 from where the index broke out of the declining trend-line and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 8100 to 8150 where Fibonacci ratios and short term moving averages are lying.

Resistance for the index lies in the zone of 8460 to 8510 where Fibonacci ratio, gap on gap down opening on 11/11/2016 is lying. If the index manages to close above these levels then the index can move to the levels of 8680 to 8720 from where the index sold off in the month of October-2016.

Broad range for the week is seen from 8200 on downside to 8600 on upside.

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

EquityPandit’s Outlook for Nifty for week (January 09, 2017 – January 13, 2017):

NIFTY:

 

nifty

 

Nifty ended the week on positive note gaining around 0.70%.

As we have mentioned last week that resistance for the index lies in the zone of 8250 to 8300 where the index has form a right shoulder of the H & S pattern and medium & long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying. During the week the index manages to hit a high of 8307 and close the week around the levels of 8244.

Minor support for the index lies in the zone of 8200 to 8220. Support for the index lies in the zone of 8080 to 8100 from where the index broke out on intraday basis. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500 to 7700.

Major resistance for the index lies in the zone of 8280 to 8320 where declining trend-line joining highs of 07/09/2016, 23/09/2016 and 24/10/2016 and medium & long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying.

The index is trading around the major resistance zone of 8280 to 8320.

Broad range for the week is seen from 8000 on downside to 8500 on upside.

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

EquityPandit’s Outlook for Nifty for week (January 02, 2017 – January 06, 2017):

NIFTY:

 

nifty

 

Nifty ended 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 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500 to 7700. During the week the index manages to hit a low of 7894 and close the week around the levels of 8186.

Minor support for the index lies in the zone of 8080 to 8120. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500 to 7700.

Resistance for the index lies in the zone of 8250 to 8300 where the index has form a right shoulder of the H & S pattern and medium & long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying.

Broad range for the week is seen from 8000 on downside to 8400 on upside.

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

EquityPandit’s Outlook for Nifty for week (December 26, 2016 – December 30, 2016):

NIFTY:

 

nifty

 

Nifty ended the week on negative note losing around 1.90%.

As we have mentioned last week that minor support for the index lies in the zone of 8100 to 8150 on intraday basis. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500. During the week the index manages to hit a low of 7942 and close the week around the levels of 7986.

Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500 to 7700.

Minor resistance for the index lies in the zone of 8050 to 8100. Resistance for the index lies in the zone of 8250 to 8300 where the index has form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying.

Broad range for the week is seen from 7750 on downside to 8150 on upside.

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

EquityPandit’s Outlook for Nifty for week (December 19, 2016 – December 23, 2016):

NIFTY:

 

nifty

 

Nifty ended the week on negative note losing around 1.48%.

As we have mentioned last week that minor support for the index lies in the zone of 8100 to 8150 on intraday basis. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500. During the week the index manages to hit a low of 8122 and close the week around the levels of 8139.

Minor support for the index lies in the zone of 8100 to 8150 on intraday basis. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500.

Resistance for the index lies in the zone of 8250 to 8300 where the index can form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying.

Broad range for the week is seen from 7900 on downside to 8300 on upside.

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

EquityPandit’s Outlook for Nifty for week (December 12, 2016 – December 16, 2016):

NIFTY:

 

nifty

 

Nifty ended 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 8250 to 8300 where the index can form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying. During the week the index manages to hit a high of 8275 and close the week around the levels of 8262.

Minor support for the index lies in the zone of 8100 to 8150 on intraday basis. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500.

Resistance for the index lies in the zone of 8250 to 8300 where the index can form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying.

Next week on 13th & 14th December the market has to deal with major event as FED is meeting for the Rate Hike decision. Generally the Rate Hike decision is a setback for the emerging markets in short term so Markets can be highly volatile.

Broad range for the week is seen from 7850 on downside to 8450 on upside.

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

EquityPandit’s Outlook for Nifty for week (December 05, 2016 – December 09, 2016):

NIFTY:

 

nifty

 

Nifty ended the week on negative note losing around 0.30%.

As we have mentioned last week that resistance for the index lies in the zone of 8250 to 8300 where the index can form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying. So it may be possible that the index can bounce from these levels of 8000 to 8300 to complete the right shoulder. During the week the index manages to hit a high of 8251 and close the week around the levels of 8087.

Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500.

Resistance for the index lies in the zone of 8250 to 8300 where the index can form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying.

Now in coming weeks if the index breaks below the levels of 7900 to 8000 on closing basis then index can form a Bearish H & S pattern. The targets for the same can be in the range of 7100 to 7200.

Broad range for the week is seen from 7850 on downside to 8350 on upside.

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

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

NIFTY:

 

nifty

 

Nifty ended the week on positive note gaining around 0.50%.

As we have mentioned last week that the index has closed just below the 200 Daily SMA. Support for the index lies in the zone of 8000 to 8100 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500. During the week the index manages to hit a low of 7916 and close the week around the levels of 8114.

The index has closed just below the 200 Daily SMA. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500.

Resistance for the index lies in the zone of 8250 to 8300 where the index can form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying.

The index can form a H & S pattern where left shoulder is from 8000 to 8300 and Head being the rally from 8000 to 8950 and a drop to the levels of 8000. So it may be possible that the index can bounce from these levels of 8000 to 8300 to complete the right shoulder.

Broad range for the week is seen from 7950 on downside to 8350 on upside.

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

EquityPandit’s Outlook for Nifty for week (November 21, 2016 – November 25, 2016):

NIFTY:

 

nifty

 

Nifty ended 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 8000 to 8200 levels where long term moving averages are lying and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500. During the week the index manages to hit a low of 8048 and close the week around the levels of 8074.

The index has closed just below the 200 Daily SMA. Support for the index lies in the zone of 8000 to 8100 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500.

Resistance for the index lies in the zone of 8250 to 8300 where the index can form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying.

The index can form a H & S pattern where left shoulder is from 8000 to 8300 and Head being the rally from 8000 to 8950 and a drop to the levels of 8000. So it may be possible that the index can bounce from these levels of 8000 to 8300 to complete the right shoulder. Coming few weeks are very crucial for the markets as the levels of 8000 may be make or break levels.

Broad range for the week is seen from 7800 on downside to 8200 on upside.

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

EquityPandit’s Outlook for Nifty for week (November 15, 2016 – November 18, 2016):

NIFTY:

 

nifty

 

Nifty ended the week on negative note losing around 1.60%.

As we have mentioned last week that the index has broken the trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500 to 8550. Support for the index lies in the zone of 8350 to 8400 where the index has formed a gap on 11/07/2016. If the index breaks below these levels on closing basis then the index can drift to the levels of 8000 to 8100 levels where long term moving averages are lying. It seems the index has formed a H & S pattern where neckline lies around the levels of 8500 to 8550. If the index has broken this pattern then the target for this can be in the range of 8100. During the week the index manages to hit a low of 8002 and close the week around the levels of 8296.

Support for the index lies in the zone of 8000 to 8200 levels where long term moving averages are lying and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500.

Resistance for the index lies in the zone of 8500 to 8550 levels, which was holding the index since August – 2016. If the index manages to close above these levels then the index can move to the levels of 8650 to 8700.

As FII are the net sellers in Cash & Futures Segment we may see index consolidating in the range of 8000 on downside to 8500 on upside for few weeks.

Broad range for the week is seen from 8000 on downside to 8500 on upside.

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

EquityPandit’s Outlook for Nifty for week (November 07, 2016 – November 11, 2016):

NIFTY:

 

nifty

 

Nifty ended the week on negative note losing around 2.20%.

As we have mentioned last week that minor resistance for the index lies in the zone of 8680 to 8720. Resistance for the index lies in the zone of 8810 to 8850 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September – 2016. During the week the index manages to hit a high of 8670 and close the week around the levels of 8434.

The index has broken the trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500 to 8550. Support for the index lies in the zone of 8350 to 8400 where the index has formed a gap on 11/07/2016. If the index breaks below these levels on closing basis then the index can drift to the levels of 8000 to 8100 levels where long term moving averages are lying.

Resistance for the index lies in the zone of 8500 to 8550 levels, which was holding the index since August – 2016. If the index manages to close above these levels then the index can move to the levels of 8650 to 8700.

It seems the index has formed a H & S pattern where neckline lies around the levels of 8500 to 8550. If the index has broken this pattern then the target for this can be in the range of 8100. The coming week can be highly volatile for global markets as Unites States is going for elections.

Broad range for the week is seen from 8100 on downside to 8700 on upside.

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

EquityPandit’s Outlook for Nifty for week (November 01, 2016 – November 04, 2016):

NIFTY:

 

nifty

 

Nifty ended the week on negative note losing around 0.60%.

As we have mentioned last week that minor resistance for the index lies in the zone of 8650 to 8700. Resistance for the index lies in the zone of 8810 to 8850 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September – 2016. During the week the index manages to hit a high of 8737 and close the week around the levels of 8638.

Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July – 2016 and August – 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500 to 8550. If the index manages to break this trend-line, the up-trend in which the index is moving since March will be broken and we can see the index drifting lower. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of 8350 and then 8000 levels can also be not ruled out.

Minor resistance for the index lies in the zone of 8680 to 8720. Resistance for the index lies in the zone of 8810 to 8850 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September – 2016.

Broad range for the week is seen from 8450 on downside to 8850 on upside.

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

EquityPandit’s Outlook for Nifty for week (October 24, 2016 – October 28, 2016):

NIFTY:

 

nifty

 

Nifty ended 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 8500 to 8550 from where the index has bounced in the month of July – 2016 and August – 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of 8350 and then 8000 levels can also be not ruled out. During the week the index manages to hit a low of 8506 and close the week around the levels of 8693.

Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July – 2016 and August – 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500. If the index manages to break this trend-line, the up-trend in which the index is moving since March will be broken and we can see the index drifting lower. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of 8350 and then 8000 levels can also be not ruled out.

Minor resistance for the index lies in the zone of 8650 to 8700. Resistance for the index lies in the zone of 8810 to 8850 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September – 2016.

Broad range for the week is seen from 8450 on downside to 8850 on upside.

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

EquityPandit’s Outlook for Nifty for week (October 17, 2016 – October 21, 2016):

NIFTY:

 

nifty

 

Nifty ended the week on negative note losing around 1.30%.

As we have mentioned last week that Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July – 2016 and August – 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500. If the index manages to break this trend-line, the up-trend in which the index is moving since March will be broken and we can see the index drifting lower. During the week the index manages to hit a low of 8541 and close the week around the levels of 8583.

Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July – 2016 and August – 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500. If the index manages to break this trend-line, the up-trend in which the index is moving since March will be broken and we can see the index drifting lower. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of 8350 and then 8000 levels can also be not ruled out.

Minor resistance for the index lies in the zone of 8650 to 8700. Resistance for the index lies in the zone of 8810 to 8850 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September – 2016.

Broad range for the week is seen from 8300 on downside to 8700 on upside.

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

EquityPandit’s Outlook for Nifty for week (October 10, 2016 – October 14, 2016):

NIFTY:

 

nifty

 

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

As we have mentioned last week that resistance for the index lies in the zone of 8680 to 8720 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September – 2016. During the week the index manages to hit a high of 8807 and close the week around the levels of 8697.

Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July – 2016 and August – 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500. If the index manages to break this trend-line, the up-trend in which the index is moving since March will be broken and we can see the index drifting lower. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of 8350 and then 8000 levels can also be not ruled out.

Minor resistance for the index lies in the zone of 8680 to 8720. Resistance for the index lies in the zone of 8810 to 8850 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September – 2016.

Broad range for the week is seen from 8500 on downside to 8900 on upside.

 

 

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

EquityPandit’s Outlook for Nifty for week (October 03, 2016 – October 07, 2016):

NIFTY:

 

nifty

 

Nifty ended the week on negative note losing around 2.50%.

As we have mentioned last week that support for the index lies in the zone of 8680 to 8710 from where the index broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where short term moving averages are lying. During the week the index manages to hit a low of 8555 and close the week around the levels of 8611.

Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July – 2016 and August – 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500. If the index manages to break this trend-line the up-trend in which the index is moving since March will be broken and we can see the index drifting lower. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of 8350 and then 8000 levels can also be not ruled out.

Resistance for the index lies in the zone of 8680 to 8720 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September – 2016.

Broad range for the week is seen from 8300 on downside to 8850 on upside.

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

EquityPandit’s Outlook for Nifty for week (September 26, 2016 – September 30, 2016):

NIFTY:

 

nifty

 

Nifty ended the week on positive note gaining around 0.60%.

As we have mentioned last week that support for the index lies in the zone of 8680 to 8710 from where the index broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where short term moving averages are lying. During the week the index manages to hit a low of 8757 and close the week around the levels of 8831.

Support for the index lies in the zone of 8680 to 8710 from where the index broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 8850. Resistance for the index lies in the zone of 8950 to 9000. If the index manages to close above these levels then the index can move to the levels of 9100 where life time high for the index is lying.

Broad range for the week is seen from 8600 on downside to 9000 on upside.

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

EquityPandit’s Outlook for Nifty for week (September 19, 2016 – September 23, 2016):

NIFTY:

 

nifty

 

Nifty ended the week on negative note losing around 1.00%.

As we have mentioned last week that minor support for the index lies in the zone of 8800. Support for the index lies in the zone of 8700 to 8730 from where the index broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where short term moving averages are lying. During the week the index manages to hit a low of 8689 and close the week around the levels of 8780.

Support for the index lies in the zone of 8680 to 8710 from where the index broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where short term moving averages are lying.

Minor resistance for the index lies in the zone of 8850. Resistance for the index lies in the zone of 8950 to 9000. If the index manages to close above these levels then the index can move to the levels of 9100 where life time high for the index is lying.

Broad range for the week is seen from 8600 on downside to 9000 on upside.

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

EquityPandit’s Outlook for Nifty for week (September 12, 2016 – September 16, 2016):

NIFTY:

 

nifty

 

Nifty ended 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 8800 to 8850. If the index manages to close above these levels then the index can move to the levels of 9000 to 9100 where life time high for the index is lying. During the week the index manages to hit a high of 8969 and close the week around the levels of 8867.

Minor support for the index lies in the zone of 8800. Support for the index lies in the zone of 8700 to 8730 from where the index broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where short term moving averages are lying.

Resistance for the index lies in the zone of 8950 to 9000. If the index manages to close above these levels then the index can move to the levels of 9100 where life time high for the index is lying.

Broad range for the week is seen from 8600 on downside to 9000 on upside.

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

EquityPandit’s Outlook for Nifty for week (September 06, 2016 – September 09, 2016):

NIFTY:

 

nifty

 

Nifty ended 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 8700 to 8750 levels where the index has made a short term top. If the index manages to close above these levels then the index can move to the levels of 8800 to 8850. During the week the index manages to hit a high of 8824 and close the week around the levels of 8810.

Minor support for the index lies in the zone of 8700 to 8720. Support for the index lies in the 8580 to 8620 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 8350 to 8400 where the index has created a gap on 11/07/2016.

Resistance for the index lies in the zone of 8800 to 8850. If the index manages to close above these levels then the index can move to the levels of 9000 to 9100 where life time high for the index is lying.

Broad range for the week is seen from 8600 on downside to 9000 on upside.

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

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

NIFTY:

 

NIFTY

 

Nifty ended the week on negative note losing around 1.10%.

As we have mentioned last week that minor support for the index lies in the zone of 8550 to 8600. Support for the index lies in the zone of 8350 to 8400 where the index has created the gap up opening on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8250 where medium term moving averages are lying. During the week the index manages to hit a low of 8547 and close the week around the levels of 8573.

Support for the index lies in the zone of 8350 to 8400 where the index has created the gap up opening on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8250 where medium term moving averages are lying.

Resistance for the index lies in the zone of 8700 to 8750 levels where the index has made a short term top. If the index manages to close above these levels then the index can move to the levels of 8800 to 8850.

The index has broken the inclining H & S pattern formed from 8530 to 8730. Neckline for H & S pattern is around the levels of 8580. The index has closed below the neckline levels and the target for the same can be around the levels of 8350 to 8400.

Broad range for the week is seen from 8350 on downside to 8700 on upside.

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

EquityPandit’s Outlook for Nifty for week (August 22, 2016 – August 26, 2016):

NIFTY:

 

nifty

 

Nifty ended the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 8700 to 8750 levels where the index has made a short term top. If the index manages to close above these levels then the index can move to the levels of 8800 to 8850. During the week the index manages to hit a high of 8697 and close the week around the levels of 8667.

Minor support for the index lies in the zone of 8550 to 8600. Support for the index lies in the zone of 8350 to 8400 where the index has created the gap up opening on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8250 where medium term moving averages are lying.

Resistance for the index lies in the zone of 8700 to 8750 levels where the index has made a short term top. If the index manages to close above these levels then the index can move to the levels of 8800 to 8850.

Broad range for the week is seen from 8550 on downside to 8850 on upside.

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

EquityPandit’s Outlook for Nifty for week (August 16, 2016 – August 19, 2016):

NIFTY:

 

nifty

 

Nifty ended the week on absolutely flat note.

As we have mentioned last week that minor support for the index lies in the zone of 8500 to 8550. Support for the index lies in the zone of 8350 to 8400 where the index has created the gap up opening on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8100 to 8150 where medium term moving averages are lying. During the week the index manages to hit a low of 8540 and close the week around the levels of 8672.

Minor support for the index lies in the zone of 8500 to 8550. Support for the index lies in the zone of 8350 to 8400 where the index has created the gap up opening on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8100 to 8150 where medium term moving averages are lying.

Resistance for the index lies in the zone of 8700 to 8750 levels where the index has made a short term top. If the index manages to close above these levels then the index can move to the levels of 8800 to 8850.

Broad range for the week is seen from 8450 on downside to 8850 on upside.

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

EquityPandit’s Outlook for Nifty for week (August 08, 2016 – August 12, 2016):

NIFTY:

 

nifty

 

Nifty ended the week on positive note gaining around 0.50%.

As we have mentioned last week that resistance for the index lies in the zone of 8600 to 8650 levels from where the index has sold off in the month of July – 2015. If the index manages to close above these levels then the index can move to the levels of 8800 to 8850. During the week the index manages to hit a high of 8711 and close the week around the levels of 8683.

Minor support for the index lies in the zone of 8500 to 8550. Support for the index lies in the zone of 8350 to 8400 where the index has created the gap up opening on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8100 to 8150 where medium term moving averages are lying.

Resistance for the index lies in the zone of 8650 to 8700 levels where the index has made a short term top. If the index manages to close above these levels then the index can move to the levels of 8800 to 8850.

Broad range for the week is seen from 8500 on downside to 8850 on upside.

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

EquityPandit’s Outlook for Nifty for week (August 01, 2016 – August 05, 2016):

NIFTY:

 

nifty

 

Nifty ended the week on positive note gaining around 1.10%.

As we have mentioned last week that resistance for the index lies in the zone of 8600 to 8650 levels from where the index has sold off in the month of July – 2015. If the index manages to close above these levels then the index can move to the levels of 8800 to 8850. During the week the index manages to a high of 8675 and close the week around the levels of 8638.

Minor support for the index lies in the zone of 8580 to 8600. Support for the index lies in the zone of 8350 to 8400 where the index has created the gap up opening on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8100 to 8150 where medium term moving averages are lying.

Resistance for the index lies in the zone of 8600 to 8650 levels from where the index has sold off in the month of July – 2015. If the index manages to close above these levels then the index can move to the levels of 8800 to 8850.

Broad range for the week is seen from 8450 on downside to 8850 on upside.

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

EquityPandit’s Outlook for Nifty for week (July 22, 2016 – July 29, 2016):

NIFTY:

 

NIFTY

 

Nifty ended the week on absolutely flat note.

As we have mentioned last week that resistance for the index lies in the zone of 8600 to 8650 levels from where the index has sold off in the month of July – 2015. If the index manages to close above these levels then the index can move to the levels of 8800 to 8850. During the week the index manages to hit a high of 8587 and close the week around the levels of 8541.

Minor support for the index lies in the zone of 8350 to 8400 where the index has created the gap on gap up opening on 11/07/2016. Support for the index lies in the zone of 8200 to 8250 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 8000 to 8050 where medium term moving averages are lying.

Resistance for the index lies in the zone of 8600 to 8650 levels from where the index has sold off in the month of July – 2015. If the index manages to close above these levels then the index can move to the levels of 8800 to 8850.

Broad range for the week is seen from 8350 on downside to 8750 on upside.

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

EquityPandit’s Outlook for Nifty for week (July 18, 2016 – July 22, 2016):

NIFTY:

 

nifty

 

Nifty ended the week on positive note gaining around 2.60%.

As we have mentioned last week that resistance for the index lies in the zone of 8340 to 8360 where the index has created the gap on gap down opening in the month of Aug – 2015. If the index manages to close above these levels then the index can move to the levels of 8600 to 8650 levels. During the week the index manages to hit a high of 8595 and close the week around the levels of 8541.

Minor support for the index lies in the zone of 8350 to 8400 where the index has created the gap on gap up opening on 11/07/2016. Support for the index lies in the zone of 8200 to 8250 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 8000 to 8050 where medium term moving averages are lying.

Resistance for the index lies in the zone of 8600 to 8650 levels from where the index has sold off in the month of July – 2015. If the index manages to close above these levels then the index can move to the levels of 8800 to 8850.

Broad range for the week is seen from 8350 on downside to 8750 on upside.

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

EquityPandit’s Outlook for Nifty for week (July 11, 2016 – July 15, 2016):

NIFTY:

 

nifty

Nifty ended the week on absolutely flat note.

As we have mentioned last week that minor support for the index lies in the zone of 8220 to 8250. Support for the index lies in the zone of 8000 from where the index has broken out from the triple top formation. If the index manages to close below these levels then the index can drift to the levels of 7770 to 7800 where 200 Daily SMA is lying. During the week the index manages to hit a low of 8287 and close the week around the levels of 8323.

Minor support for the index lies in the zone of 8220 to 8250. Support for the index lies in the zone of 8000 from where the index has broken out from the triple top formation. If the index manages to close below these levels then the index can drift to the levels of 7770 to 7800 where 200 Daily SMA is lying.

Resistance for the index lies in the zone of 8340 to 8360 where the index has created the gap on gap down opening in the month of Aug – 2015. If the index manages to close above these levels then the index can move to the levels of 8600 to 8650 levels.

Broad range for the week is seen from 8150 on downside to 8550 on upside.

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

EquityPandit’s Outlook for Nifty for week (July 04, 2016 – July 08, 2016):

NIFTY:

 

nifty

 

Nifty ended 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 8000 from where the index has broken out from the triple top formation. If the index manages to close below these levels then the index can drift to the levels of 7770 to 7800 where 200 Daily SMA is lying. During the week the index manages to hit a low of 8039 and close the week around the levels of 8328.

Minor support for the index lies in the zone of 8220 to 8250. Support for the index lies in the zone of 8000 from where the index has broken out from the triple top formation. If the index manages to close below these levels then the index can drift to the levels of 7770 to 7800 where 200 Daily SMA is lying.

Resistance for the index lies in the zone of 8340 to 8360 where the index has created the gap on gap down opening in the month of Aug – 2015. If the index manages to close above these levels then the index can move to the levels of 8600 to 8650 levels.

Broad range for the week is seen from 8100 on downside to 8500 on upside.

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

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

NIFTY:

 

nifty

 

Nifty ended 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 8280 to 8340 where the index has created the gap on gap down opening in the month of Aug – 2015. If the index manages to close above these levels then the index can move to the levels of 8600 to 8650 levels. During the week the index manages to hit a high of 8285 and close the week around the levels of 8089.

Support for the index lies in the zone of 8000 from where the index has broken out from the triple top formation. If the index manages to close below these levels then the index can drift to the levels of 7770 to 7800 where 200 Daily SMA is lying.

Resistance for the index lies in the zone of 8280 to 8340 where the index has created the gap on gap down opening in the month of Aug – 2015. If the index manages to close above these levels then the index can move to the levels of 8600 to 8650 levels.

Broad range for the week is seen from 7800 on downside to 8300 on upside.

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

EquityPandit’s Outlook for Nifty for week (June 20, 2016 – June 24, 2016):

NIFTY:

 

nifty

 

Nifty ended 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 8000 from where the index has broken out from the triple top formation. If the index manages to close below these levels then the index can drift to the levels of 7800 where 200 Daily SMA is lying. During the week the index manages to hit a low of 8076 and close the week around the levels of 8174.

Support for the index lies in the zone of 8000 from where the index has broken out from the triple top formation. If the index manages to close below these levels then the index can drift to the levels of 7800 where 200 Daily SMA is lying.

Resistance for the index lies in the zone of 8280 to 8340 where the index has created the gap on gap down opening in the month of Aug – 2015. If the index manages to close above these levels then the index can move to the levels of 8600 to 8650 levels.

Due to Brexit Referendum on 24th June we could see wide swings in all the Global Markets including India.

Broad range for the week is seen from 8000 on downside to 8400 on upside.

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

EquityPandit’s Outlook for Nifty for week (June 13, 2016 – June 17, 2016):

NIFTY:

 

nifty

 

Nifty ended the week on negative note losing around 0.60%.

As we have mentioned last week that resistance for the index lies in the zone of 8250 to 8300 from where the index has sold off in the month of Oct – 2015. If the index manages to close above these levels then the index can move to the levels of 8600 to 8650 levels. During the week the index manages to hit a high of 8295 and close the week around the levels of 8170.

Support for the index lies in the zone of 8000 from where the index has broken out from the triple top formation. If the index manages to close below these levels then the index can drift to the levels of 7800 where 200 Daily SMA is lying.

Resistance for the index lies in the zone of 8280 to 8340 where the index has created the gap on gap down opening in the month of Aug – 2015. If the index manages to close above these levels then the index can move to the levels of 8600 to 8650 levels.

Broad range for the week is seen from 8000 on downside to 8400 on upside.

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

EquityPandit’s Outlook for Nifty for week (June 06, 2016 – June 10, 2016):

NIFTY:

 

NIFTY

 

Nifty ended the week on positive note gaining around 0.80%.

As we have mentioned last week that resistance for the index lies in the zone of 8250 to 8300 from where the index has sold off in the month of Oct – 2015. If the index manages to close above these levels then the index can move to the levels of 8600 to 8650 levels. During the week the index manages to hit a high of 8262 and close the week around the levels of 8221.

Support for the index lies in the zone of 8000 from where the index has broken out from the triple top formation. If the index manages to close below these levels then the index can drift to the levels of 7800 where 200 Daily SMA is lying.

Resistance for the index lies in the zone of 8250 to 8300 from where the index has sold off in the month of Oct – 2015. If the index manages to close above these levels then the index can move to the levels of 8600 to 8650 levels.

Broad range for the week is seen from 8000 on downside to 8400 on upside.

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

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

NIFTY:

 

nifty

 

Nifty ended the week on positive note gaining around 5.30%.

As we have mentioned last week that the index has closed around the resistance zone of 7820 where 200 Daily SMA is lying. Resistance for the index lies in the zone of 7950 to 8000 where 500 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 8200. During the week the index manages to hit a high of 8164 and close the week around the levels of 8157.

Support for the index lies in the zone of 8000 from where the index has broken out from the triple top formation. If the index manages to close below these levels then the index can drift to the levels of 7800 where 200 Daily SMA is lying.

Resistance for the index lies in the zone of 8250 to 8300 from where the index has sold off in the month of Oct – 2015. If the index manages to close above these levels then the index can move to the levels of 8600 to 8650 levels.

Broad range for the week is seen from 8000 on downside to 8300 on upside.

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

EquityPandit’s Outlook for Nifty for week (May 23, 2016 – May 27, 2016):

NIFTY:

 

jcharts(1)

 

Nifty ended the week on negative note losing around 0.80%.

As we have mentioned last week that the index has closed around the resistance zone of 7820 where 200 Daily SMA is lying. Resistance for the index lies in the zone of 7950 to 8000 where 500 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 8200. During the week the index manages to hit a high of 7940 and close the week around the levels of 7750.

Minor support for the index lies in the zone of 7700 to 7750. Support for the index lies in the zone of 7500 to 7550 from where the index has broken down after making the double bottom pattern and 100 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7250 to 7300 where the index has opened gap up on 02/03/2016.

The index has closed around the resistance zone of 7820 where 200 Daily SMA is lying. Resistance for the index lies in the zone of 7950 to 8000 where 500 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 8200.

Broad range for the week is seen from 7500 on downside to 8000 on upside.

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

EquityPandit’s Outlook for Nifty for week (May 16, 2016 – May 20, 2016):

NIFTY:

 

nifty

 

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

As we have mentioned last week that resistance for the index lies in the zone of 7800 where 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 7950 to 8000 where 500 Daily SMA is lying. During the week the index manages to hit a high of 7916 and close the week around the levels of 7814.

Minor support for the index lies in the zone of 7700 to 7750. Support for the index lies in the zone of 7500 to 7550 from where the index has broken down after making the double bottom pattern and 100 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7250 to 7300 where the index has opened gap up on 02/03/2016.

The index has closed around the resistance zone of 7820 where 200 Daily SMA is lying. Resistance for the index lies in the zone of 7950 to 8000 where 500 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 8200.

Broad range for the week is seen from 7500 on downside to 8000 on upside.

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

EquityPandit’s Outlook for Nifty for week (May 09, 2016 – May 13, 2016):

NIFTY:

 

Nifty

 

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

As we have mentioned last week that support for the index lies in the zone of 7850 where 200 Daily SMA is lying. Minor support for the index lies in the zone of 7730 to 7780 where the index has opened gap up on 13/04/2016. If the index manages to close below these levels then the index can drift to the levels of 7500 to 7550 from where the index has broken down after making the double bottom pattern and 100 Daily SMA is lying. During the week the index manages to hit a low of 7678 and close the week around the levels of 7735.

Support for the index lies in the zone of 7500 to 7550 from where the index has broken down after making the double bottom pattern and 100 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7250 to 7300 where the index has opened gap up on 02/03/2016.

Resistance for the index lies in the zone of 7800 where 200 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 7950 to 8000 where 500 Daily SMA is lying.

Broad range for the week is seen from 7500 on downside to 8000 on upside.

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

EquityPandit’s Outlook for Nifty for week (May 02, 2016 – May 06, 2016):

NIFTY:

 

NSE Nifty

 

Nifty ended the week on negative note losing around 0.70%.

As we have mentioned last week that the index has closed around the strong resistance zone of 7950 to 8000 where 500 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 8100 where trend-line joining earlier highs is lying. During the week the index manages to hit a high of 7992 and close the week around the levels of 7845.

Support for the index lies in the zone of 7850 where 200 Daily SMA is lying. Minor support for the index lies in the zone of 7730 to 7780 where the index has opened gap up on 13/04/2016. If the index manages to close below these levels then the index can drift to the levels of 7500 to 7550 from where the index has broken down after making the double bottom pattern and 100 Daily SMA is lying.

Strong resistance zone for the index lies in the range of 7950 to 8000 where 500 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 8050 where trend-line joining earlier highs is lying.

As we have mentioned in our weekly report on 15/02/2016 to 19/02/2016, the index has achieved our target of around 8000. Now it seems that we can witness some sharp correction or consolidation in the market, so it is wise to remain cautious and wait for the further direction.

Broad range for the week is seen from 7600 on downside to 8100 on upside.

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

EquityPandit’s Outlook for Nifty for week (April 25, 2016 – April 29, 2016):

NIFTY:

 

NSE Nifty

 

Nifty ended the week on positive note gaining around 0.70%.

As we have mentioned last week that the index has closed around the resistance zone of 7900 to 7950 where 200 & 500 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 8100 where trend-line joining earlier highs is lying. During the week the index manages to hit a high of 7978 and close the week around the levels of 7900.

Support for the index lies in the zone of 7850 where 200 Daily SMA is lying. Minor support for the index lies in the zone of 7700 to 7750 where the index has opened gap up on 13/04/2016. If the index manages to close below these levels then the index can drift to the levels of 7500 to 7550 from where the index has broken down after making the double bottom pattern and 100 Daily SMA is lying.

The index has closed around the strong resistance zone of 7950 to 8000 where 500 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 8100 where trend-line joining earlier highs is lying.

As we have mentioned in our weekly report on 15/02/2016 to 19/02/2016, the index has achieved our target of around 8000. Now it seems that we can witness some sharp correction or consolidation in the market, so it is wise to remain cautious and wait for the further direction.

Broad range for the week is seen from 7700 on downside to 8100 on upside.

 

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

EquityPandit’s Outlook for Nifty for week (April 18, 2016 – April 22, 2016):

NIFTY:

 

NSE Nifty

 

Nifty ended the week on positive note gaining around 3.90%.

As we have mentioned last week that support for the index lies in the zone of 7500 to 7550 from where the index has broken down after making the double bottom pattern and 100 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7400 where the index has opened with the gap up on 03/03/2016 and short term moving averages are lying. During the week the index manages to hit a low of 7517 and bounce to close the week around the levels of 7850.

Minor support for the index lies in the zone of 7700 to 7750 where the index has opened gap up on 13/04/2016. Support for the index lies in the zone of 7500 to 7550 from where the index has broken down after making the double bottom pattern and 100 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 7400 where the index has opened with the gap up on 03/03/2016 and short term moving averages are lying.

The index has closed around the resistance zone of 7900 to 7950 where 200 & 500 Daily SMA is lying. If the index manages to close above these levels then the index can move to the levels of 8100 where trend-line joining earlier highs is lying.

Broad range for the week is seen from 7600 on downside to 8000 on upside.

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