Tag Archives: Nifty Movement

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)

EquityPandit’s Outlook for Nifty for week (April 11, 2016 – April 13, 2016):

NIFTY:

 

NSE Nifty

 

Nifty ended the week on negative note losing around 2.00%.

As we have mentioned last week that support for the index lies in the zone of 7500 to 7600 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 7527 and close the week around the levels of 7558.

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.

Minor resistance for the index lies in the zone of 7720 where the index has opened gap down on 07/01/2016. Resistance for the index lies in the zone of 7900 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 7400 on downside to 7800 on upside.

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

EquityPandit’s Outlook for Nifty for week (April 04, 2016 – April 08, 2016):

NIFTY:

 

NSE Nifty

 

Nifty ended the week on absolutely flat note.

As we have mentioned last week that support for the index lies in the zone of 7500 to 7600 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 this 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 7582 and close the week around the levels of 7713.

Support for the index lies in the zone of 7500 to 7600 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 this 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.

Minor resistance for the index lies in the zone of 7720 where the index has opened gap down on 07/01/2016. Resistance for the index lies in the zone of 7900 where 200 & 500 Daily SMA is lying. If the index manages to close above this 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 7500 on downside to 7900 on upside.

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

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

NIFTY:

 

NSE Nifty

 

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

As we have mentioned last week that support for the index lies in the zone of 7500 from where the index has broken down after making the double bottom pattern. If the index manages to close below this 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 7617 and bounce to close the week around the levels of 7716.

Support for the index lies in the zone of 7500 to 7600 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 this 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.

Minor resistance for the index lies in the zone of 7720 where the index has opened gap down on 07/01/2016. Resistance for the index lies in the zone of 7900 where 200 & 500 Daily SMA is lying. If the index manages to close above this 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 7500 on downside to 7900 on upside.

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

EquityPandit’s Outlook for Nifty for week (March 21, 2016 – March 23, 2016):

NIFTY:

 

NSE Nifty

 

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

As we have mentioned last week that index has closed around the resistance zone of 7500 to 7550 from where the index has broken down after making the double bottom pattern. If the index manages to close above this levels then the index can move to the levels of 7700 where 100 Daily SMA is lying. During the week the index manages to hit a high of 7615 and close at around the highest levels.

Support for the index lies in the zone of 7500 from where the index has broken down after making the double bottom pattern. If the index manages to close below this 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.

Resistance for the index lies in the zone of 7900 where 200 & 500 Daily SMA is lying. If the index manages to close above this 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 7400 on downside to 7800 on upside.

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

EquityPandit’s Outlook for Nifty for week (March 14, 2016 – March 18, 2016):

 

NIFTY:

 

NSE Nifty

 

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

As we have mentioned last week that index has closed around the resistance zone of 7500 from where the index has broken down after making the double bottom pattern. If the index manages to close above this levels then the index can move to the levels of 7700 where 100 Daily SMA is lying. During the week the index manages to hit a high of 7547 and close the week around the levels of 7514.

Support for the index lies in the zone of 7230 to 7280 from where the index has broken out of the short term top. If the index manages to close below this levels then the index can drift to the levels of 6900 where channel support for the index is lying.

Index has closed around the resistance zone of 7500 to 7550 from where the index has broken down after making the double bottom pattern. If the index manages to close above this levels then the index can move to the levels of 7700 where 100 Daily SMA is lying.

The index is positioned around the trend-line support which is holding the index in every correction since February – 2015. If the index can hold this levels and if the global turmoil settles then the index can witness a significant bounce which can take the index to the levels of 8000.

Broad range for the week is seen from 7300 on downside to 7700 on upside.

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

EquityPandit’s Outlook for Nifty for week (March 08, 2016 – March 11, 2016):

 

NIFTY:

 

NSE Nifty

 

 

Nifty ended the week on positive note gaining around 6.70%.

As we have mentioned last week that resistance for the index lies in the zone of 7240 where the index has formed a previous bottom. If the index manages to close above this levels then the index can move to the levels of 7500 from where the index has broken down after making the double bottom. During the week the index manages to hit a high of 7506 and close the week around the highest levels.

Support for the index lies in the zone of 7230 to 7280 from where the index has broken out of the short term top. If the index manages to close below this levels then the index can drift to the levels of 6900 where channel support for the index is lying.

Index has closed around the resistance zone of 7500 from where the index has broken down after making the double bottom pattern. If the index manages to close above this levels then the index can move to the levels of 7700 where 100 Daily SMA is lying.

The index is positioned around the trend-line support which is holding the index in every correction since February – 2015. If the index can hold this levels and if the global turmoil settles then the index can witness a significant bounce which can take the index to the levels of 8000.

Broad range for the week is seen from 7200 on downside to 7700 on upside.

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

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

 

NIFTY:

 

NSE Nifty

 

Nifty ended the week on negative note losing around 2.40%.

As we have mentioned last week that resistance for the index lies in the zone of 7240 where the index has formed a previous bottom. If the index manages to close above this levels then the index can move to the levels of 7500 from where the index has broken down after making the double bottom. During the week the index manages to hit a high of 7252 and sold off to close the week around the levels of 7036.

Support for the index lies in the zone of 6950 to 7000 where the index has formed a short term bottom. If the index manages to close below this levels then the index can drift to the levels of 6700 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the index lies in the zone of 7240 where the index has formed a previous bottom. If the index manages to close above this levels then the index can move to the levels of 7500 from where the index has broken down after making the double bottom.

The index is positioned around the trend-line support which is holding the index in every correction since February – 2015. If the index can hold this levels and if the global turmoil settles then the index can witness a significant bounce which can take the index to the levels of 8000.

Broad range for the week is seen from 7000 on downside to 7300 on upside.

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

EquityPandit’s Outlook for Nifty for week (February 22, 2016 – February 26, 2016):

 

NIFTY:

 

NSE Nifty

 

Nifty ended the week on positive note gaining around 3.20%.

As we have mentioned last week that resistance for the index lies in the zone of 7240 where the index has formed a previous bottom. If the index manages to close above this levels then the index can move to the levels of 7500 from where the index has broken down after making the double bottom. During the week the index manages to hit a high of 7227 and close the week around the levels of 7210.

Support for the index lies in the zone of 7000 where the index has formed a short term bottom. If the index manages to close below this levels then the index can drift to the levels of 6700 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the index lies in the zone of 7240 where the index has formed a previous bottom. If the index manages to close above this levels then the index can move to the levels of 7500 from where the index has broken down after making the double bottom.

The index is positioned around the trend-line support which is holding the index in every correction since February – 2015. If the index can hold this levels and if the global turmoil settles then the index can witness a significant bounce which can take the index to the levels of 8000.

Broad range for the week is seen from 7000 on downside to 7300 on upside.

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

EquityPandit’s Outlook for Nifty for week (February 15, 2016 – February 19, 2016):

 

NIFTY:

 

NSE Nifty

 

Nifty ended the week on negative note losing around 5.80%.

As we have mentioned last week that support for the index lies in the zone of 7100 to 7200 where the lower end of the channel is positioned. If the index manages to close below this levels then the index can drift to the levels of 6700 where 1000 Daily SMA and 200 Weekly SMA are positioned. During the week the index manages to hit a low of 6869 and close around the levels of 6970.

Support for the index lies in the zone of 6700 where 1000 Daily SMA and 200 Weekly SMA are positioned. If the index manages to close below this levels then the index can drift to the levels of 6350 from where the index has broken out.

Resistance for the index lies in the zone of 7240 where the index has formed a previous bottom. If the index manages to close above this levels then the index can move to the levels of 7500 from where the index has broken down after making the double bottom.

The index is positioned around the trend-line support which is holding the index in every correction since February – 2015. If the index can hold this levels and if the global turmoil settles then the index can witness a significant bounce which can take the index to the levels of 8000.

Broad range for the week is seen from 6700 on downside to 7200 on upside.

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

EquityPandit’s Outlook for Nifty for week (February 08, 2016 – February 12, 2016):

 

NIFTY:

 

NSE Nifty

 

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

As we have mentioned last week that resistance for the index lies in the zone of 7550 to 7600 where the index has broken down from the double bottom pattern. If the index manages to close above this levels then the index can move to the levels of 7650 to 7700 where the index has formed a gap on 07/01/2016 on gap down opening. During the week the index manages to hit a high of 7600 and retraced to close the week around the levels of 7500.

Minor support for the index lies in the zone of 7350 to 7400. Support for the index lies in the zone of 7100 to 7200 where the lower end of the channel is positioned which is supporting the index on every downfall since the month of February – 2015. If the index manages to close below this levels then the index can drift to the levels of 6700 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the index lies in the zone of 7550 to 7600 where the index has broken down from the double bottom pattern. If the index manages to close above this levels then the index can move to the levels of 7650 to 7700 where the index has formed a gap on 07/01/2016 on gap down opening.

Broad range for the week is seen from 7350 on downside to 7750 on upside.

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

EquityPandit’s Outlook for Nifty for week (February 01, 2016 – February 05, 2016):

 

NIFTY:

 

NSE Nifty

 

Nifty ended 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 7550 to 7600 where the index has broken down from the double bottom pattern. If the index manages to close above this levels then the index can move to the levels of 7650 to 7700 where the index has formed a gap on 07/01/2016 on gap down opening. During the week the index manages to hit a high of 7575 and virtually close at the highest levels.

Minor support for the index lies in the zone of 7380 to 7420. Support for the index lies in the zone of 7100 to 7200 where the lower end of the channel is positioned which is supporting the index on every downfall since the month of February – 2015. If the index manages to close below this levels then the index can drift to the levels of 6700 where 1000 Daily SMA and 200 Weekly SMA are positioned.

The index has closed around the strong resistance zone of 7550 to 7600 where the index has broken down from the double bottom pattern. If the index manages to close above this levels then the index can move to the levels of 7650 to 7700 where the index has formed a gap on 07/01/2016 on gap down opening.

Broad range for the week is seen from 7350 on downside to 7750 on upside.

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

EquityPandit’s Outlook for Nifty for week (January 25, 2016 – January 29, 2016):

 

NIFTY:

 

NSE Nifty

 

Nifty ended the week on absolutely flat note.

As we have mentioned last week that support for the index lies in the zone of 7100 to 7200 where the lower end of the channel is positioned which is supporting the index on every downfall since the month of February – 2015. If the index manages to close below this levels then the index can drift to the levels of 6700 where 1000 Daily SMA and 200 Weekly SMA are positioned. During the week the index manages to hit a low of 7241 and bounce to close the week around the levels of 7422.

Support for the index lies in the zone of 7100 to 7200 where the lower end of the channel is positioned which is supporting the index on every downfall since the month of February – 2015. If the index manages to close below this levels then the index can drift to the levels of 6700 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the index lies in the zone of 7550 to 7600 where the index has broken down from the double bottom pattern. If the index manages to close above this levels then the index can move to the levels of 7650 to 7700 where the index has formed a gap on 07/01/2016 on gap down opening.

The index has formed a Dragon Fly doji in downtrend indicating the trend reversal.

Broad range for the week is seen from 7200 on downside to 7600 on upside.

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

EquityPandit’s Outlook for Nifty for week (January 18, 2016 – January 22, 2016):

 

NIFTY:

 

NSE Nifty

 

Nifty ended 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 7500 to 7550 where the index has formed a medium term bottom. If the index manages to close below this levels then the index can drift to the levels of 7100 to 7200 where the lower end of the channel is positioned which is supporting the index on every downfall since the month of February – 2015. During the week the index hit low of 7426 and virtually close at the lowest levels.

Support for the index lies in the zone of 7100 to 7200 where the lower end of the channel is positioned which is supporting the index on every downfall since the month of February – 2015. If the index manages to close below this levels then the index can drift to the levels of 6700 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the index lies in the zone of 7550 to 7600 where the index has broken down from the double bottom pattern. If the index manages to close above this levels then the index can move to the levels of 7650 to 7700 where the index has formed a gap on 07/01/2016 on gap down opening.

Broad range for the week is seen from 7100 on downside to 7700 on upside.

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

EquityPandit’s Outlook for Nifty for week (January 11, 2016 – January 15, 2016):

 

NIFTY:

 

NSE Nifty

 

 

Nifty ended the week on negative note losing around 4.50%.

As we have mentioned last week that support for the index lies in the zone of 7800 to 7850 where short term moving averages and 500 Daily SMA are positioned. If the index manages to close below this levels then the index can drift to the levels of 7500 where the index has formed a double bottom. During the week the index manages to hit a low of 7556 and close around the lowest levels.

Support for the index lies in the zone of 7500 to 7550 where the index has formed a medium term bottom. If the index manages to close below this levels then the index can drift to the levels of 7100 to 7200 where the lower end of the channel is positioned which is supporting the index on every downfall since the month of February – 2015.

Resistance for the index lies in the zone of 7800 to 7850 where short term moving averages and 500 Daily SMA is positioned. If the index manages to close above this levels then the index can move to the levels of 7950 to 8000 where 100 Daily SMA and 100 Weekly SMA are lying.

Broad range for the week is seen from 7300 on downside to 7800 on upside.

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

EquityPandit’s Outlook for Nifty for week (January 04, 2016 – January 08, 2016):

 

NIFTY:

 

NSE Nifty

 

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

As we have mentioned last week that Index has closed around the strong resistance zone of 7850 to 7900 where short term moving averages and 100 Weekly SMA is positioned. If the index manages to close above the levels of 7900 then the index can move to the levels of 8000 where 100 Daily SMA is lying. During the week the index manages to hit a high of 7972 and virtually closed at the highest levels.

Support for the index lies in the zone of 7800 to 7850 where short term moving averages and 500 Daily SMA are positioned. If the index manages to close below this levels then the index can drift to the levels of 7500 where the index has formed a double bottom.

Resistance for the index lies in the zone of 8000 where 100 Daily SMA is lying. If the index manages to close above this levels then the index can move to the levels of 8200 to 8250 where 200 Daily SMA and trend-line resistance for the index is positioned.

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

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

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

 

NIFTY:

 

NSE Nifty

 

Nifty ended 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 7850 to 7900 where short term moving averages and 100 Weekly SMA are lying. If the stock manages to close above this levels then the stock can move to the levels of 8000 where 100 Daily SMA is positioned. During the week the stock manages to hit a high of 7889 and close at virtually the highest levels of the week.

Support for the index lies in the zone of 7750 where 500 Daily SMA is lying. If the index closes below this levels then the index can drift to the levels of 7500 to 7600 where the index has formed a double bottom.

Index has closed around the strong resistance zone of 7850 to 7900 where short term moving averages and 100 Weekly SMA is positioned. If the index manages to close above the levels of 7900 then the index can move to the levels of 8000 where 100 Daily SMA is lying.

Broad range for the week is seen from 7750 on downside to 8000 on upside.

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

EquityPandit’s Outlook for Nifty for week (December 21, 2015 – December 24, 2015):

 

NIFTY:

 

 

NSE Nifty

 

 

Nifty ended the week on positive note gaining around 2.0%.

As we have mentioned last week that support for the index lies in the range of 7540 where the index has made a medium term bottom in the month of September – 2015. If the index closes below this levels then the index can drift to the levels of 7200 where lower end of the channel is positioned. The index is moving in this channel since the month of February – 2015. During the week the index manages to hit a low of 7551 and bounce to close the week around the levels of 7763.

Support for the index lies in the range of 7540 where the index has made a medium term bottom in the month of September – 2015. If the index closes below this levels then the index can drift to the levels of 7200 where lower end of the channel is positioned. The index is moving in this channel since the month of February – 2015.

Resistance for the index lies in the zone of 7850 to 7900 where short term moving averages and 100 Weekly SMA are lying. If the stock manages to close above this levels then the stock can move to the levels of 8000 where 100 Daily SMA is positioned.

Broad range for the week is seen from 7600 on downside to 7900 on upside.

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

EquityPandit’s Outlook for Nifty for week (December 14, 2015 – December 18, 2015):

 

NIFTY:

 

 

NSE Nifty

 

 

Nifty ended the week on negative note losing around 2.2%.

As we have mentioned last week that support for the index lies in the zone of 7700 where 500 Daily SMA and trend-line support for the index is lying. If the index closes below this levels then the index can drift to the levels of 7500 where the index has made a medium term bottom. During the week the index manages to hit a low of 7575 and close at virtually the lowest levels.

Support for the index lies in the range of 7540 where the index has made a medium term bottom in the month of September – 2015. If the index closes below this levels then the index can drift to the levels of 7200 where lower end of the channel is positioned. The index is moving in this channel since the month of February – 2015.

The index has broken down from the Head & Shoulder pattern. The neckline for the same lies in the zone of 7725. Immediate resistance for the index lies in the zone of 7725 where neckline and 500 Daily SMA are lying. If the index manages to close above this levels then the index can move to the levels of 7850 to 7900 where short term moving averages are lying.

Broad range for the week is seen from 7400 on downside to 7800 on upside.

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

EquityPandit’s Outlook for Nifty for week (December 07, 2015 – December 11, 2015):

 

NIFTY:

 

 

NSE Nifty

 

 

Nifty ended the week on negative note losing around 2.0%.

As we have mentioned last week that resistance for the index lies in the zone of 7950 to 8000 where short term moving averages are positioned. If the index manages to close above this levels then the index can move to the levels of 8200 where 100 Daily SMA is lying. During the week the index manages to hit a high of 7979 and sold off to close the week around the levels of 7787 virtually at the lowest levels.

Support for the index lies in the zone of 7700 where 500 Daily SMA and trend-line support for the index is lying. If the index closes below this levels then the index can drift to the levels of 7500 where the index has made a medium term bottom.

Resistance for the index lies in the zone of 7850 to 7900 where short term moving averages are positioned. If the index closes above this levels then the index can move to the levels of 8000 to 8050 where 100 Daily SMA is positioned.

Broad range for the week is seen from 7600 on downside to 8000 on upside.

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

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

 

NIFTY:

 

 

NSE Nifty

 

 

Nifty ended the week on positive note gaining around 1.1%.

As we have mentioned last week that resistance for the index lies in the zone of 7950 to 8000 where short term moving averages are positioned. If the index manages to close above this levels then the index can move to the levels of 8200 where 100 Daily SMA is lying. During the week the index manages to hit a high of 7959 and virtually end the week around the highest levels.

Support for the index lies in the zone of 7800 where 100 Weekly SMA is lying. If the index closes below this levels then the index will drift to the levels of 7700 where 500 Daily SMA and trend-line support for the index is lying.

Resistance for the index lies in the zone of 8000 where short term moving averages are positioned. If the index manages to close above this levels then the index can move to the levels of 8150 where 100 Daily SMA is lying.

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

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

EquityPandit’s Outlook for Nifty for week (November 23, 2015 – November 27, 2015):

 

NIFTY:

 

 

NSE Nifty

 

 

Nifty ended the week on positive note gaining around 1.1%.

As we have mentioned last week that support for the index lies in the zone of 7700 where trend-line, 500 Daily SMA & 100 Weekly SMA supports are positioned. If the index manages to close below this levels then the index can drift to the levels of 7500 where trend-line support for the index is positioned. During the week the index manages to hit a low of 7714 and bounce back to close the week around the levels of 7850.

Support for the index lies in the zone of 7700 where trend-line & 500 Daily SMA supports are positioned. If the index manages to close below this levels then the index can drift to the levels of 7500 where trend-line support for the index is positioned.

Resistance for the index lies in the zone of 7950 to 8000 where short term moving averages are positioned. If the index manages to close above this levels then the index can move to the levels of 8200 where 100 Daily SMA is lying.

Broad range for the week is seen from 7700 on downside to 8000 on upside.

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

EquityPandit’s Outlook for Nifty for week (November 16, 2015 – November 20, 2015):

 

NIFTY:

 

 

NSE Nifty

 

 

Nifty ended the week on negative note losing around 2.4%.

As we have mentioned last week that support for the index lies in the zone of 7900 to 7950. If the index breaks below this levels on closing basis then the index can drift to the levels of 7700 where trend-line, 500 Daily SMA & 100 Weekly SMA supports are positioned. During the week the index manages to hit a low of 7730 and close the week around the levels of 7760.

Support for the index lies in the zone of 7700 where trend-line, 500 Daily SMA & 100 Weekly SMA supports are positioned. If the index manages to close below this levels then the index can drift to the levels of 7500 where trend-line support for the index is positioned.

Resistance for the index lies in the zone of 7950 to 8000 where short term moving averages are positioned. If the index manages to close above this levels then the index can move to the levels of 8200 where 100 Daily SMA is lying.

Broad range for the week is seen from 7600 on downside to 8000 on upside.

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

EquityPandit’s Outlook for Nifty for week (November 09, 2015 – November 13, 2015):

 

NIFTY:

 

 

NSE Nifty

 

 

CNX Nifty ended the week on negative note losing around 1.3%.

As we have mentioned last week that resistance for the index lies in the zone of 8200 where 100 Daily SMA is lying. If the index manages to close above this levels on closing basis then the index can move to the levels of 8400 where 200 Daily SMA and trend-line resistance for the index is positioned. During the week the index manages to hit a high of 8116 and sold off to close the week around the levels of 7962.

Support for the index lies in the zone of 7900 to 7950. If the index breaks below this levels on closing basis then the index can drift to the levels of 7700 where trend-line, 500 Daily SMA & 100 Weekly SMA supports are positioned.

Resistance for the index lies in the zone of 8100 where short term moving averages are positioned. If the index manages to close above this levels on closing basis then the index can move to the levels of 8200 where 100 Daily SMA.

Broad range for the week is seen from 7800 on downside to 8100 on upside.

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

EquityPandit’s Outlook for Nifty for week (November 02, 2015 – November 06, 2015):

 

NIFTY:

 

 

NSE Nifty

 

 

CNX Nifty ended the week on negative note losing around 2.9%.

As we have mentioned last week that the index has closed above the 100 Daily SMA which is lying around the levels of 8200. Support for the index lies in the zone of 8200 where 100 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 8050 to 8100 from where the index has broken out of the Inverse Head & Shoulder pattern. During the week the index manages to hit a low of 8044 and close the week at the lowest point.

Support for the index lies in the zone of 8050 to 8100 from where the index has broken out of the Inverse Head & Shoulder pattern. If the index breaks below this levels on closing basis then the index can drift to the levels of 7700 where trend-line and 100 Weekly SMA supports are positioned.

Resistance for the index lies in the zone of 8200 where 100 Daily SMA is lying. If the index manages to close above this levels on closing basis then the index can move to the levels of 8400 where 200 Daily SMA and trend-line resistance for the index is positioned.

Broad range for the week is seen from 7850 on downside to 8250 on upside.

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

EquityPandit’s Outlook for Nifty for week (October 26, 2015 – October 30, 2015):

 

NIFTY:

 

 

NSE Nifty

 

 

CNX Nifty ended the week on positive note gaining around 0.7%.

As we have mentioned last week that strong resistance for the index lies in the zone of 8380 to 8450 where 200 Daily SMA and channel resistance for the index is positioned. During the week the index manages to hit a high of 8328 and close the week around the levels of 8295.

The index has closed above the 100 Daily SMA which is lying around the levels of 8200. Support for the index lies in the zone of 8200 where 100 Daily SMA is lying. If the index manages to close below this levels then the index can drift to the levels of 8050 to 8100 from where the index has broken out of the Inverse Head & Shoulder pattern.

The index is approaching towards the strong resistance zone of 8380 to 8450 where 200 Daily SMA and channel resistance for the index is positioned.

Coming week will be the expiry week so we expect the index to trade with huge volatility. The lot sizes are revised upwards from next expiry.

Broad range for the week is seen from 8200 on downside to 8400 on upside.

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

EquityPandit’s Outlook for Nifty for week (October 19, 2015 – October 23, 2015):

 

NIFTY:

 

 

NSE Nifty

 

 

CNX Nifty ended the week on positive note gaining around 0.6%.

As we have mentioned last week that support for the index lies in the zone of 8050 from where the index has broken out of the Inverse Head & Shoulder pattern. If the index breaks below the levels of 8050 on closing basis then the index can drift to the levels of 7800 where support for the index is positioned. During the week the index made a low of 8088 and bounce to close the week around the levels of 8241.

The index has closed above the 100 Daily SMA which is lying around the levels of 8200. Support for the index lies in the zone of 8050 to 8100 from where the index has broken out of the Inverse Head & Shoulder pattern.

Strong resistance for the index lies in the zone of 8380 to 8450 where 200 Daily SMA and channel resistance for the index is positioned.

Broad range for the week is seen from 8100 on downside to 8400 on upside.

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

EquityPandit’s Outlook for Nifty for week (October 12, 2015 – October 16, 2015):

 

NIFTY:

 

 

NSE Nifty

 

 

CNX Nifty ended the week on positive note gaining around 2.8%.

As we have mentioned last week that if the index manages to close above the levels of 8050 with heavy volumes, then the index can move to the levels of 8250 to 8300 where 100 & 200 Daily SMA are positioned. The index manages to hit a high of 8232 during the week and ended the week around the levels of 8178.

The index is approaching towards the strong resistance zone of 8250 to 8350 where 100 & 200 Daily SMA and channel resistance are positioned.

Support for the index lies in the zone of 8050 from where the index has broken out of the Inverse Head & Shoulder pattern. If the index breaks below the levels of 8050 on closing basis then the index can drift to the levels of 7800 where support for the index is positioned.

On 12/10/2015, IT giant Infy will kick start the quarterly & half yearly results. So we expect the index to be highly volatile during the week.

Broad range for the week is seen from 7900 on downside to 8400 on upside.

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

EquityPandit’s Outlook for Nifty for week (October 05, 2015 – October 09, 2015):

 

NIFTY:

 

 

NSE Nifty

 

 

CNX Nifty ended the week on positive note gaining around 1%.

As we have mentioned last week that it seems the index is moving in the range of 7700 to 7750 on downside to 8000 to 8050 on upside. During the week, the index hit a low of 7691 and high of 8008.

As seen from the chart the index is forming a Inverse Head & Shoulder pattern on daily charts. Neckline for the inverse Head & Shoulder pattern lies around the levels of 8030.

If the index manages to close above the levels of 8050 with heavy volumes, then the index can move to the levels of 8250 to 8300 where 100 & 200 Daily SMA are positioned. Targets for the inverse Head & Shoulder pattern can be in the range of 8550 to 8600.

If the index manages to close below the levels of 7700 where 100 Weekly SMA is lying, then the index can drift to the levels of 7550 to 7600 where 500 Daily SMA.

Broad range for the week is seen from 7700 on downside to 8100 on upside.

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

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

 

NIFTY:

 

 

NSE Nifty

 

 

CNX Nifty ended the week on negative note losing around 1.5%.

As we have mentioned last week that the support for the index lies around the levels of 7750 to 7800. If the index breaks below the levels of 7750 on closing basis then the index can drift to the levels of 7500. During the week the index manages to hit a low of 7723 and bounce to close the week around the levels of 7868.

It seems the index is moving in the range of 7700 to 7750 on downside to 8000 to 8050 on upside.

If the index manages to close above the levels of 8050, then the index can move to the levels of 8250 to 8300 where 100 & 200 Daily SMA are positioned.

If the index manages to close below the levels of 7700, then the index can drift to the levels of 7550 to 7600 where 500 Daily SMA and 100 Weekly SMA are positioned.

Next week on 29/09/2015, RBI is announcing the credit policy. So we expect the markets to be highly volatile and the policy will decide the further direction of the markets.

Broad range for the week is seen from 7700 on downside to 8100 on upside.

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

EquityPandit’s Outlook for Nifty for week (September 21, 2015 – September 25, 2015):

 

NIFTY:

NSE Nifty

 

CNX Nifty ended the week on positive note gaining more than 2.5%.

As we have mentioned last week that if index manages to close above the levels of 7820, the index can move to the levels of 8000 and the index made the high of 8055 on 18/09/2015 but could not manage to close above 8000 levels.

Coming week will be the expiry week so index can be highly volatile. Options data suggest that the index should move in the range of 7750 on downside and 8100 on upside during the week.

Support for the index lies around the levels of 7750 to 7800. If the index breaks below the levels of 7750 on closing basis then the index can drift to the levels of 7500.

Resistance for the index lies in the zone of 8000 to 8050. If the index manages to move above this levels on closing basis then the index can move to the levels of 8200 where 100 Daily SMA is positioned.

Range for the week is seen from 7700 on downside to 8100 on upside.

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

EquityPandit’s Outlook for Nifty for week (September 14, 2015 – September 18, 2015):

 

NIFTY:

 

NSE Nifty

 

CNX Nifty ended the week on positive note gaining more than 1%.

As we have mentioned last week that if the index breaks below the levels of 7620, where downward moving trend-line is positioned, the index can move to the levels of 7500 where 500 Daily SMA is positioned and the index manage to hit a low of 7539 and bounce back to the levels of around 7850.

Technically the index is trading below short term and long term moving averages which suggest the index is trading very weak and the high volatility can be witnessed during the week. There are many global events next week so we can see very high levels of volatility. Major event which the markets have to dealt will be FED outcome.

If the index breaks below the levels of 7500 on closing basis the index can move to the levels of 7200.

As we have mentioned last week that if the index manages to move above the levels of 7820 the index can move to the levels of 8000. Index manages to move above the levels of 7820 but could not close above that level. So next week if index manages to close above the levels of 7820, the index can move to the levels of 8000.

Range of the week is seen from 7400 to 7500 on downside to 8000 to 8100 on upside.

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

EquityPandit’s Outlook for Nifty for week (September 07, 2015 – September 11, 2015):

 

NIFTY:

 

NSE Nifty

 

CNX Nifty ended the week on negative note losing more than 4%.

As we have mentioned last week that if the index breaks below the levels of 7800 the index can move to the levels of 7600 and the index hit a low of 7627 during the week.

During the week the index could not manage to move above the levels of 8100 and the index sold off to the levels of around 7600.

Technically the index is trading below short term and long term moving averages which suggest the index is trading very weak and the high volatility can be witnessed during the week.

Coming week we can expect the markets to be quite volatile and broad range for the week can be 7400 on downside to 7900 on upside.

If the index breaks below the levels of 7620, where downward moving trend-line is positioned, the index can move to the levels of 7500 where 500 Daily SMA is positioned.

If the index manages to move above the levels of 7820 the index can move to the levels of 8000.

Range of the week is seen from 7400 to 7500 on downside to 7850 to 7900 on upside.

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

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

 

NIFTY:

 

NSE Nifty

 

CNX Nifty ended the week on negative note losing around 3.5%.

Global jitters hit the markets all over the world and all the global markets where down between 3% to 7%.

This week was very volatile and the index was moving everywhere.

Technically the index is trading below short term and long term moving averages which suggest the index is trading very weak and the high volatility can be witnessed during the week.

Coming week we can expect the markets to be quite volatile and broad range for the week can be 7700 on downside to 8300 on upside.

The index has formed a Hammer pattern on weekly charts in an downtrend.

If the index manages to close above the levels of 8100 the index can move to the levels of 8250 to 8300.

If the index breaks below the levels of 7800 the index can move to the levels of 7600.

Range of the week is seen from 7650 to 7700 on downside to 8350 to 8400 on upside.

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

EquityPandit’s Outlook for Nifty for week (August 24, 2015 – August 28, 2015):

 

NIFTY:

 

NSE Nifty

 

CNX Nifty ended the week on negative note losing around 3%.

As we have mentioned last week that if the index closes below the levels of 8300 the index can drift to the levels of 8300. On 21/08/2015 the index broke below the levels of 8300 and moved to the levels of 8225 but manages to close around the levels of 8300.

As seen from the chart above the index has taken support around the channel support lying around the levels of 8230.

Next week will be the expiry week and the index will be moving according to the options position.

8200 & 8300 Put options have the highest open interest of close to 50.00 lacs shares outstanding. So we think the index can hold the levels of 8250 till expiry.

8400, 8500 & 8600 Call options have the highest open interest of close to 40.00 to 50.00 lacs shares outstanding. So we think the index will face stiff resistance around the levels of 8450.

Technically the index is trading below short term and long term moving averages.

Range of the week is seen from 8150 to 8200 on downside to 8400 to 8450 on upside.

Advice for – Tuesday, August 18, 2015

EquityPandit

Last Trading Session: Exactly as predicted by EquityPandit, Indian Stock Market opened flat. EquityPandit predicted that market has entered into positive zone and would consolidate or hold in the current region for now. EquityPandit also suggested traders to go long in BankNifty at every dip in the market to earn good profits and exactly same happened. Nifty consolidated in a rangebound region as predicted by EquityPandit. BankNifty fell down sharply after opening giving the opportunity to traders to go long as suggested by EquityPandit. BankNifty remained strong and bounced from day lows to see intraday highs. Traders who followed EquityPandit’s suggestion to go long might have earned huge profits for the day. Sensex and BankNifty saw lows right near EquityPandit’s predicted support levels of 27735 and 18590, respectively. BankNifty closed right below EquityPandit’s predicted resistance levels of 18830 for the day. Finally, Nifty and Sensex closed in negative region with BankNifty showing some positive signs.

Today: Indian Stock Market would open positive. Indian Stock Market is in positive zone. Indian Stock Market and especially BankNifty is holding current levels in expectation of RBI cutting the key rates in upcoming days. If rate cut is seen by RBI, then sharp positive movement would be seen in BankNifty. Traders are suggested to go long in BankNifty at every dip in the market for now. Market will fall down sharply if no rate cut is seen in upcoming days. Traders should note that Medium-term trend of BankNifty is negative and this can be an alarming situation but for now it would continue to move positive. FIIs were net buyers of Rs.142.34 crores whereas DIIs were net buyers of Rs.183.72 crores in last trading session. Nifty would see strong support at 8450-8380-8335 whereas strong resistance would be seen at 8530-8561-8616-8655 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

Click Here to Read Nifty and Major Stocks Outlook for This Week 

NSE Nifty: (8477) The support for the Nifty is 8450-8380-8335 and the resistance to the up move is at 8531-8561-8616-8655 levels.

NSE BankNifty: (18822) The support for BankNifty is at 18580-18449-18300 and the resistance to the up move is at 18940-19067-19230 levels.

BSE Sensex: (27878) The support for the Sensex is at 27735-27640-27475 and the resistance to the up move is at 28100-28162-28265-28550 levels.

Note: All our Premium paid subscribers earn very good daily profits irrespective of any market direction. If you wish to subscribe for premium packages or have any queries, kindly contact us or mail us at admin@equitypandit.com or call our Executive at 08000816688.

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Nifty Outlook for Next Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for Nifty for week (August 17, 2015 – August 21, 2015):

 

NIFTY:

 

NIFTY

 

 

CNX Nifty ended the week on negative note losing around 0.5%.

As we have been mentioning since last 2 weeks that the index is facing stiff resistance in the zone of 8550 to 8600, the index made a high of 8621 and the index sold off to the levels of 8338 during the week before recovering back to the levels of 8520 on 14/08/2015.

Since last 1 month the index has been moving in the range of 8300 on downside to 8650 on upside. If the index breaks below 8300 the index can drift to the levels of 8000 and if the index breaks above the levels of 8650 the index can move to the levels of 8800 to 8900.

If in the coming week, the index manages to close above the levels of 8600 the index can move to the levels of around 8800.

Support for the index lies in the zone of 8400 to 8500 where short term and long term moving averages are positioned.

Resistance for the index lies in the zone of 8700 to 8750 where upper end of the channel is positioned.

Range of the week is seen from 8400 to 8450 on downside to 8700 to 8750 on upside.

Nifty Outlook for Next Week (August 10, 2015 – August 14, 2015)

EquityPandit’s Outlook for Nifty for week (August 10, 2015 – August 14, 2015):

 

NIFTY:

 

Nifty

Nifty ended the week on positive note gaining around 0.5%.

The index has been struggling to move past the resistance zone of 8600 on closing basis. On 06/08/2015 and 07/08/2015, the index could not close above the levels of 8600 and was witnessing constant selling pressure.

If the index manages to close above the levels of 8650 the index can move to the levels of around 8800.

Support for the index lies in the zone of 8400 to 8500 where short term and long term moving averages are positioned.

Resistance for the index lies in the zone of 8700 to 8750 where upper end of the channel is positioned.

Range of the week is seen from 8400 to 8450 on downside to 8700 to 8750 on upside.

Nifty Outlook for Next Week (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for Nifty for week (August 03, 2015 – August 07, 2015):

 

NIFTY:

 

nifty

 

 

Nifty ended the week on absolutely flat note.

As we have suggested last week that the index has the support around the levels of 8350 and the index hit a low of 8321 and bounced back.

On weekly charts the index has formed a Hammer pattern in downtrend indicating the trend reversal.

Above the levels of 8550 the index can move to the levels of 8700 where upper end of channel is positioned.

On 04/08/2015, RBI is announcing the quarterly policy which will decide the direction of the markets going forward.

Technically the index is poised to move forward towards the levels of 8800.

Support for the index lies in the zone of 8350 to 8400 where short term & long term moving averages and channel support are positioned.

Range of the week is seen from 8350 to 8400 on downside to 8700 to 8750 on upside.

Nifty Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for Nifty for week (July 27, 2015 – July 31, 2015):

 

NIFTY:

 

nifty

Nifty ended the week with the loss of around 1%.

As we have suggested last week that the index is moving in a channel pattern from 26/06/2015 and according to that channel the next target for the index lies in the range of 8680 to 8720 levels and the index hit a high of around 8655 and retraced back.

The coming week will be the expiry week so we can expect the volatility in the markets.

As per the options data it is seen that the index has the logical support around the levels of 8450 to 8480 zone as 8500 Put options has the highest open interest outstanding.

On the call side the highest open interest lies in the 8600 and 8700 strike price which will cap the index on any up-move.

Technically also the index has the support around the zone of 8430 to 8480 where 20 Daily EMA and 50 Daily EMA are lying.

Resistance for the index lies in the zone of 8600 to 8650.

Range for the week is seen from 8350 to 8450 on downside to 8650 to 8750 on upside.