Tag Archives: nifty

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

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

NIFTY:

NIFTY 50 Index closed the week on positive note gaining 292.45 points 2.68%.

Weekly High: 11,239.80

Weekly Low: 10,953

Weekly Close: 11,194.15

NIFTY

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 10950 levels, whereas minor resistance on the upside is capped around 11350-11400 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 10650 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 11650.

Currently nifty 50 index is trading above200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 10700 on downside and 11600 on upside.

 

WEEKLY PIVOT LEVELS:
RESISTANCE 2: 11,415

RESISTANCE 1: 11,304

SUPPORT 1: 11,018

SUPPORT 2: 10,842

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

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

NIFTY:

NIFTY 50 Index closed the week on positive note gaining 133.65 points 1.24%.

Weekly High: 10,933.45

Weekly Low: 10,562.90

Weekly Close: 10,901.70

NIFTY

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 10650 levels, whereas minor resistance on the upside is capped around 11150-11200 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 10300 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 11500.

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 10500 on downside and 11400 on upside.

 

WEEKLY PIVOT LEVELS:

RESISTANCE 2: 11,169

RESISTANCE 1: 11,035

SUPPORT 1: 10,665

SUPPORT 2: 10,428

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

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

NIFTY:

NIFTY 50 Index closed the week on positive note gaining 160.70 points 1.51%.

Weekly High: 10,847.85

Weekly Low: 10,676.55

Weekly Close: 10,768.05

NIFTY

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 10500 levels, whereas minor resistance on the upside is capped around 10950-11000 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 10200 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 11300.

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 10300 on downside and 11200 on upside.

 

WEEKLY PIVOT LEVELS:
RESISTANCE 2: 10,935

RESISTANCE 1: 10,851

SUPPORT 1: 10,680

SUPPORT 2: 10,592

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

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

NIFTY:

NIFTY 50 Index closed the week on positive note gaining 224.35 points 2.16%.

Weekly High: 10,631.30

Weekly Low: 10,223.60

Weekly Close: 10,607.35

NIFTY

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 10400 levels, whereas minor resistance on the upside is capped around 10750-10800 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 10000 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 11100.

Currently nifty 50 index is trading above200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 10100 on downside and 11000 on upside.

 

WEEKLY PIVOT LEVELS:

 

RESISTANCE 2: 10,895

RESISTANCE 1: 10,751

SUPPORT 1: 10,343

SUPPORT 2: 10,079

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

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

NIFTY:

NIFTY 50 Index closed the week on positive note gaining 138.60 points 1.35%.

Weekly High: 10,553.15

Weekly Low: 10,194.50

Weekly Close: 10,383

NIFTY

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 10200 levels, whereas minor resistance on the upside is capped around 10550-10575 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 9700 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 10900.

Currently nifty 50 index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 9800 on downside and 10800 on upside.

 

NIFTY WEEKLY PIVOT LEVELS:

 

RESISTANCE 2: 10,735

RESISTANCE 1: 10,559

SUPPORT 1: 10,200

SUPPORT 2: 10,018

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

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

NIFTY:

NIFTY 50 Index closed the week on positive note gaining 271.50 points 2.72%.

Weekly High: 10,272.40

Weekly Low: 9,726.35

Weekly Close: 10,244.40

NIFTY

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 9900 levels, whereas minor resistance on the upside is capped around 10450-10500 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 9550 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 10800.

Currently nifty 50 index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 9600 on downside and 10700 on upside.

 

WEEKLY PIVOT LEVELS:
RESISTANCE 2: 10,627

RESISTANCE 1: 10,435

SUPPORT 1: 9,889

SUPPORT 2: 9,535

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

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

NIFTY:

NIFTY 50 Index closed the week on negative note losing 169.25 points 1.67%.

Weekly High: 10,328.50

Weekly Low: 9,544.35

Weekly Close: 9,972.90

NIFTY

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 9650 levels, whereas minor resistance on the upside is capped around 10300-10350 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 9350 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 10700.

Currently nifty 50 index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 9400 on downside and 10650 on upside.

 

WEEKLY PIVOT LEVELS:
RESISTANCE 2: 10,732

RESISTANCE 1: 10,352

SUPPORT 1: 9,568

SUPPORT 2: 9,164

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

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

NIFTY:

NIFTY 50 Index closed the week on positive note gaining 561.85 points 5.86%.

Weekly High: 10,177.80

Weekly Low: 9,706.95

Weekly Close: 10,142.15

NIFTY

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 9850 levels, whereas minor resistance on the upside is capped around 10350-10400 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 9500 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 10700.

Currently nifty 50 index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 9600 on downside and 10600 on upside.

 

WEEKLY PIVOT LEVELS:
RESISTANCE 2: 10,479

RESISTANCE 1: 10,310

SUPPORT 1: 9,840

SUPPORT 2: 9,538

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

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

NIFTY:

NIFTY 50 Index closed the week on positive note gaining 541.05 points 5.99%.

Weekly High: 9,598.85

Weekly Low: 8,996.65

Weekly Close: 9,580.30

NIFTY

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 9250 levels, whereas minor resistance on the upside is capped around 9850-9900 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 8900 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 10200.

Currently nifty 50 index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 9100 on downside and 10100 on upside.

 

Weekly Pivot Levels:

RESISTANCE 2: 9,994

RESISTANCE 1: 9,787

SUPPORT 1: 9,185

SUPPORT 2: 8,789

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

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

NIFTY:

NIFTY 50 Index closed the week on negative note losing 97.60 points 1.07%.

Weekly High: 9,178.55

Weekly Low: 8,806.74

Weekly Close: 9,039.25

NIFTY

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 8800 levels, whereas minor resistance on the upside is capped around 9250-9300 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 8400 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 9700.

Currently nifty 50 index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 8450 on downside and 9600 on upside.

 

Weekly Pivot Levels:

 

RESISTANCE 2: 9,379

RESISTANCE 1: 9,209

SUPPORT 1: 8,837

SUPPORT 2: 8,636

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

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

NIFTY:

NIFTY 50 Index closed the week on negative note losing 114.65 Points 1.24%.

Weekly High: 9,584.50

Weekly Low: 9,043.95

Weekly Close: 9,136.85

nifty 25may

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 8800 levels, whereas minor resistance on the upside is capped around 9550-9600 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 8400 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 10000.

Currently nifty 50 index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 8450 on downside and 9900 on upside.

 

Weekly Pivot Levels:

RESISTANCE 2: 9,795

RESISTANCE 1: 9,466

SUPPORT 1: 8,925

SUPPORT 2: 8,714

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

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

NIFTY:

NIFTY 50 Index closed the week on negative note losing 608.40 Points 6.17%.

Weekly High: 9,533.50

Weekly Low: 9,116.50

Weekly Close: 9,251.50

nifty 11may

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 8800 levels, whereas minor resistance on the upside is capped around 9550-9600 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 8400 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 10000.

Currently nifty 50 index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 8450 on downside and 9900 on upside.

 

Weekly Pivot Levels:

RESISTANCE 2: 9,717

RESISTANCE 1: 9,484

SUPPORT 1: 9,067

SUPPORT 2: 8,883

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

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

NIFTY:

NIFTY 50 Index closed the week on positive note gaining 705.50 Points 7.71%.

Weekly High: 9,889.05

Weekly Low: 9,250.35

Weekly Close: 9,859.90

nifty 4may

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 9450 levels, whereas minor resistance on the upside is capped around 10050-10100 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 9200 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 10350.

Currently nifty 50 index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 9300 on downside and 10300 on upside.

 

Weekly Pivot Levels:

RESISTANCE 2: 10,305

RESISTANCE 1: 10,082

SUPPORT 1: 9,443

SUPPORT 2: 9,027

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

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

NIFTY:

NIFTY 50 Index closed the week on negative note losing 112.35 Points 1.21%.

Weekly High: 9,390.85

Weekly Low: 8,909.40

Weekly Close: 9,154.40

nifty 27apr

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 8850 levels, whereas minor resistance on the upside is capped around 9400-9450 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 8100 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 10100.

Currently nifty 50 index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 8200 on downside and 10000 on upside.

Weekly Pivot Levels:

RESISTANCE 2: 9,633

RESISTANCE 1: 9,393

SUPPORT 1: 8,912

SUPPORT 2: 8,670

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

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

NIFTY:

NIFTY 50 Index closed the week on positive note gaining 1028.10 Points 12.71%.

Weekly High: 9,131.70

Weekly Low: 8,360.95

Weekly Close: 9,111.90

nifty13apr

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 8600 levels, whereas minor resistance on the upside is capped around 9450-9500 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 8000 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 10000.

Currently nifty 50 index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 8100 on downside and 9900 on upside.

Weekly Pivot Levels:

RESISTANCE 2: 9,638

RESISTANCE 1: 9,375

SUPPORT 1: 8,604

SUPPORT 2: 8,097

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

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

NIFTY:

NIFTY 50 Index closed the week on negative note losing 576.45 Points 6.66%.

Weekly High: 8,678.30

Weekly Low: 8,055.80

Weekly Close: 8,083.80

nifty 6apr

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 7800 levels, whereas minor resistance on the upside is capped around 8550-8600 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 7300 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 9200.

Currently nifty 50 index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 7400 on downside and 9000 on upside.

Weekly Pivot Levels:

RESISTANCE 2: 8,895

RESISTANCE 1: 8,489

SUPPORT 1: 7,866

SUPPORT 2: 7,650

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

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

NIFTY:

NIFTY 50 Index closed the week on negative note losing 1209.75 Points 12.15%.

Weekly High: 9,602.20

Weekly Low: 7,832.55

Weekly Close: 8,745.45

nifty 23mar

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 8150 levels, whereas minor resistance on the upside is capped around 9150-9200 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 7750 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 9600.

Currently nifty 50 index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 7700 on downside and 9600 on upside.

Weekly Pivot Levels:

RESISTANCE 2: 10,496

RESISTANCE 1: 9,620

SUPPORT 1: 7,851

SUPPORT 2: 6,957

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

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

NIFTY:

NIFTY 50 Index closed the week on negative note losing 1034.25 Points 9.41%.

Weekly High: 10,751.55

Weekly Low: 8,555.15

Weekly Close: 9,955.20

nifty 16mar

 

 

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 9250 levels, whereas minor resistance on the upside is capped around 10350-10400 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 8500 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 11050.

Currently nifty 50 index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 8700 on downside and 11000 on upside.

Weekly Pivot Levels:

RESISTANCE 2: 11,950

RESISTANCE 1: 10,952

SUPPORT 1: 8,756

SUPPORT 2: 7,557

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

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

NIFTY:

NIFTY 50 Index closed the week on negative note losing 212.30 Points 1.90%.

Weekly High: 11,433

Weekly Low: 10,827.40

Weekly Close: 10,989.45

nifty 9mar

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 10750 levels, whereas minor resistance on the upside is capped around 11200-11250 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 10500 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 11500.

Currently nifty 50 index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 10550 on downside and 11400 on upside.

Weekly Pivot Levels:

RESISTANCE 2: 11,688

RESISTANCE 1: 11,339

SUPPORT 1: 10,733

SUPPORT 2: 10,477

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

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

NIFTY:

NIFTY 50 Index closed the week on negative note losing 879.10 Points 7.28%.

Weekly High: 12,012.55

Weekly Low: 11,175.05

Weekly Close: 11,201.75

nifty 2mar

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 10950 levels, whereas minor resistance on the upside is capped around 11475-11500 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 10600 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 11700.

Currently nifty 50 index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 10600 on downside and 11500 on upside.

Weekly Pivot Levels:

RESISTANCE 2: 12,300

RESISTANCE 1: 11,751

SUPPORT 1: 10,913

SUPPORT 2: 10,625

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

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

NIFTY:

NIFTY 50 Index closed the week on negative note losing 93.80 Points 0.77%.

Weekly High: 12,159.60

Weekly Low: 11,908.05

Weekly Close: 12,080.85

nifty 24feb

 

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11950 levels, whereas minor resistance on the upside is capped around 12175-12200 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 11750 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 12300.

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 11800 on downside and 12300 on upside.

Weekly Pivot Levels:

RESISTANCE 2: 12,301

RESISTANCE 1: 12,190

SUPPORT 1: 11,939

SUPPORT 2: 11,797

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

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

NIFTY:

NIFTY 50 Index closed the week on positive note gaining 15.10 Points 0.12%.

Weekly High: 12,246.70

Weekly Low: 11,990.75

Weekly Close: 12,113.45

nifty 17feb

 

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11950 levels, whereas minor resistance on the upside is capped around 12250-12300 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 11750 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 12400.

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 11800 on downside and 12300 on upside.

Weekly Pivot Levels:

RESISTANCE 2: 12,372

RESISTANCE 1: 12,243

SUPPORT 1: 11,987

SUPPORT 2: 11,861

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

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

NIFTY:

NIFTY 50 Index closed the week on positive note gaining 436.50 Points 3.74%.

Weekly High: 12,160.60

Weekly Low: 11,614.50

Weekly Close: 12,098.35

nifty 10feb

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11900 levels, whereas minor resistance on the upside is capped around 12250-12300 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 11750 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 12500.

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 11800 on downside and 12400 on upside.

Weekly Pivot Levels:

RESISTANCE 2: 12,503

RESISTANCE 1: 12,301

SUPPORT 1: 11,755

SUPPORT 2: 11,411

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

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

NIFTY:

NIFTY 50 Index closed the week on negative note losing 104.10 Points 0.84%.

Weekly High: 12,430.50

Weekly Low: 12,087.90

Weekly Close: 12,248.25

nifty 27jan

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 12075 levels, whereas minor resistance on the upside is capped around 12425-12450 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 11900 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 12600.

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 11900 on downside and 12500 on upside.

Weekly Pivot Level For Nifty Index:

RESISTANCE 2: 12,598

RESISTANCE 1: 12,423

SUPPORT 1: 12,080

SUPPORT 2: 11,912

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

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

NIFTY:

NIFTY 50 Index closed the week on positive note gaining 95.55 Points 0.78%.

Weekly High: 12,389.05

Weekly Low: 12,278.75

Weekly Close: 12,352.35

nifty 20jan

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 12275 levels, whereas minor resistance on the upside is capped around 12400-12425 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 12100 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 12500.

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 12150 on downside and 12475 on upside.

RESISTANCE 2: 12,450

RESISTANCE 1: 12,401

SUPPORT 1: 12,291

SUPPORT 2: 12,229

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

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

NIFTY:

NIFTY 50 Index closed the week on positive note gaining 30.15 Points 0.25%.

Weekly High: 12,311.20

Weekly Low: 11,929.60

Weekly Close: 12,256.80

nifty13jan

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 12150 levels, whereas minor resistance on the upside is capped around 12325-12350 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 12000 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 12450.

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 12000 on downside and 12400 on upside.

 

Weekly Pivot Levels:

————————————–

RESISTANCE 2: 12,547

RESISTANCE 1: 12,402

————————————-

SUPPORT 1: 12,020

SUPPORT 2: 11,784

————————————-

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

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

NIFTY:

NIFTY 50 Index closed the week on negative note losing 19.15 Points 0.16%.

Weekly High: 12,289.90

Weekly Low: 12,151.80

Weekly Close: 12,226.65

nifty 6jan

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 12100 levels, whereas minor resistance on the upside is capped around 12325-12350 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 12000 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 12450.

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 12000 on downside and 12450 on upside.

RESISTANCE 2: 12,360

RESISTANCE 1: 12,293

SUPPORT 1: 12,155

SUPPORT 2: 12,084

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

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

HAPPY TRADING !!


 

NIFTY:

NIFTY 50 Index closed the week on negative note losing 26.00 Points 0.21%.

Weekly High: 12,287.15

Weekly Low: 12,118.85

Weekly Close: 12,245.80

nifty 3odec

 

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 12150 levels, whereas minor resistance on the upside is capped around 12325-12350 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 12000 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 12475.

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 12100 on downside and 12450 on upside.


 

RESISTANCE 2: 12,385

RESISTANCE 1: 12,315

SUPPORT 1: 12,147.

SUPPORT 2: 12,048


 

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

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

NIFTY:

NIFTY 50 Index closed the week on positive note gaining 165.20 Points 1.39%.

Weekly High: 12,098.85

Weekly Low: 11,832.30

Weekly Close: 12,086.70

nifty 16dec

 

 

 

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11900 levels, whereas minor resistance on the upside is capped around 12175-12200 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 11750 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 12350.

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 11850 on downside and 12350 on upside.

 
RESISTANCE 2: 12,272

RESISTANCE 1: 12,179

SUPPORT 1: 11,913

SUPPORT 2: 11,739

 

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

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

NIFTY:

NIFTY 50 Index closed the week on negative note losing 134.55 Points 1.12%.

Weekly High: 12,137.15

Weekly Low: 11,888.85

Weekly Close: 11,921.50

nifty 9dec

 

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11800 levels, whereas minor resistance on the upside is capped around 12075-12100 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 11675 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 12200.

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 11700 on downside and 12150 on upside.

 
RESISTANCE 2: 12,230

RESISTANCE 1: 12,076

SUPPORT 1: 11,827

SUPPORT 2: 11,734

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

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

NIFTY:

NIFTY 50 Index closed the week on positive note gaining 16.95 Points 0.16%.

Weekly High: 12,038.60

Weekly Low: 11,867.60

Weekly Close: 11,914.40

nifty 25nov

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11800 levels, whereas minor resistance on the upside is capped around 12025-12050 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 11625 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 12150.

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 11600 on downside and 12100 on upside.

 

RESISTANCE 2: 12,111

RESISTANCE 1: 12,012

SUPPORT 1: 11,841

SUPPORT 2: 11,769

 

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

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

NIFTY:

NIFTY 50 Index closed the week on negative note losing 12.70 Points 0.11%.

Weekly High: 11,973.65

Weekly Low: 11,802.65

Weekly Close: 11,895.45

nifty 18nov
Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11800 levels, whereas minor resistance on the upside is capped around 12025-12050 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 11650 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 12200.

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 11650 on downside and 12100 on upside.

 

RESISTANCE 2: 12,061

RESISTANCE 1: 11,978

SUPPORT 1: 11,807

SUPPORT 2: 11,719

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

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

 

NIFTY 50 Index closed the week on positive note gaining 17.55 Points 0.15%.

Weekly High: 12,034.15

Weekly Low: 11,850.25

Weekly Close: 11,908.15

nifty nov11

 

 

NIFTY:
Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11800 levels, whereas minor resistance on the upside is capped around 12025-12050 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 11650 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 12250.

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 11650 on downside and 12100 on upside.

 

WEEKLY PIVOT LEVELS FOR NIFTY:

RESISTANCE 2: 12,114

RESISTANCE 1: 12,011

SUPPORT 1: 11,827

SUPPORT 2: 11,746

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

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

NIFTY:

NIFTY 50 Index closed the week on positive note gaining 306.70 Points 2.65%.

Weekly High: 11,945

Weekly Low: 11,627.35

Weekly Close: 11,890.60

nifty 4nov

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11700 levels, whereas minor resistance on the upside is capped around 12100-12150 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 11500 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 12250.

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 11600 on downside and 12250 on upside.

RESISTANCE 2: 12,138

RESISTANCE 1: 12,014

SUPPORT 1: 11,696

SUPPORT 2: 11,503

 

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

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

NIFTY:

NIFTY 50 Index closed the week on positive note gaining 356.80 Points 3.16%.

Weekly High: 11,684.70

Weekly Low: 11,290.05

Weekly Close: 11,661.85

nifty 21oct

 

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11400 levels, whereas minor resistance on the upside is capped around 11800-11850 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 11300 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 12000.

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 11400 on downside and 11950 on upside.

 

RESISTANCE 2: 11,940

RESISTANCE 1: 11,801

SUPPORT 1: 11,406

SUPPORT 2: 11,150

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

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

NIFTY:

 

NIFTY 50 Index closed the week on positive note gaining 130.30 Points 1.17%

Weekly High: 11362.90

Weekly Low: 11090.15

Weekly Close: 11305.05

 

nifty 14oct

 

RESISTANCE 2: 11,525

RESISTANCE 1: 11,415

SUPPORT 1: 11,142

SUPPORT 2: 10,979

 

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11090 levels, whereas minor resistance on the upside is capped around 11400-11450 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 10950 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 11575

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 10950 on downside and 11550 on upside.

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

EquityPandit’s Outlook for Nifty for the week (Oct 7, 2019 – Oct 11, 2019)

NIFTY 50 Index closed the week on negative note loosing -61.85 Points -0.56%

Weekly High: 11554.20

Weekly Low: 11158.35

Weekly Close: 11174.75

nifty 07oct

 

RESISTANCE 2: 11,691

RESISTANCE 1: 11,433

SUPPORT 1: 11,037

SUPPORT 2: 10,899

 

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11000 levels, whereas minor resistance on the upside is capped around 11400-11450 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 10750 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 11650

Currently nifty 50 index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 10750 on downside and 11450 on upside.

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

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

NIFTY:

NIFTY 50 Index closed the week on negative note loosing -61.85 Points -0.56%

Weekly High: 11542.70

Weekly Low: 11416.10

Weekly Close: 11512.40

NIFTY 30 SEPT

 

RESISTANCE 2: 11,819

RESISTANCE 1: 11,666

SUPPORT 1: 11,387

SUPPORT 2: 11,262

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11300 levels, whereas minor resistance on the upside is capped around 11650-11700 levels.

If nifty 50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 11100 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 11850

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 11300 on downside and 11800 on upside.

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

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

NIFTY:

NIFTY 50 Index closed the week on positive note gaining +198.30 Points +1.79%

Weekly High: 11381.90

Weekly Low: 10670.25

Weekly Close: 11274.20

NIFTY
RESISTANCE 2: 11820.43

RESISTANCE 1: 11547.32

SUPPORT 1: 10835.67

SUPPORT 2: 10397.13
Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11070 levels, whereas minor resistance on the upside is capped around 11450-11550 levels.

If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag towards major support on lower side around 10835 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 11750

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 10835 on downside and 11750 on upside.

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

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

NIFTY:

NIFTY

NIFTY 50 Index closed the week on positive note gaining +129.70 Points +1.18%

Weekly High: 11084.45

Weekly Low: 10889.80

Weekly Close: 11075.90

 
RESISTANCE 2: 11211

RESISTANCE 1: 11144

SUPPORT 1: 10949

SUPPORT 2: 10822

 
Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 10650 levels, whereas minor resistance on the upside is capped around 11150-11100 levels.

If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 10400 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 11400

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 11400 on upside and 10400 on downside.

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

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

NIFTY:

NIFTY

NIFTY 50 Index closed the week on negative note loosing -77.05 Points -0.70%

Weekly High: 10967.5

Weekly Low: 10746.35

Weekly Close: 10946.20

 
RESISTANCE 2: 11108

RESISTANCE 1: 11027

SUPPORT 1: 10806

SUPPORT 2: 10666

 
Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 10800 levels, whereas minor resistance on the upside is capped around 11050-11100 levels.

If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 10600 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 11400

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 11300 on upside and 10600 on downside.

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

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

NIFTY:

nifty
NIFTY 50 Index closed the week on positive note gaining 193.90 Points 1.79%

Weekly High: 11141.75

Weekly Low: 10756.55

Weekly Close: 11023.25

 
RESISTANCE 2: 11359

RESISTANCE 1: 11191

SUPPORT 1: 10806

SUPPORT 2: 10589

 
Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 10800 levels, whereas minor resistance on the upside is capped around 11050-11100 levels.

If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 10600 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 11300

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 11300 on upside and 10600 on downside.

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

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

NIFTY:

 

NIFTY

 

NIFTY 50 Index closed the week on negative note loosing -218.45 Points -1.98%

Weekly High: 11146.90

Weekly Low: 10637.15

Weekly Close: 10829.35

 
RESISTANCE 2: 11381

RESISTANCE 1: 11105

SUPPORT 1: 10595

SUPPORT 2: 10361

 
Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 10550 levels, whereas minor resistance on the upside is capped around 10950-11000 levels.

If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 10300 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 11200

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 11200 on upside and 10300 on downside.

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

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

NIFTY:

 

NIFTY

 

NIFTY 50 Index closed the week on negative note loosing -61.85 Points -0.56%

Weekly High: 11145.90

Weekly Low: 10901.6

Weekly Close: 11047.80

 
RESISTANCE 2: 11276

RESISTANCE 1: 11162

SUPPORT 1: 10918

SUPPORT 2: 10787

 
Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 10770 levels, whereas minor resistance on the upside is capped around 11150-11200 levels.

If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 10450 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 11750

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 11750 on upside and 10450 on downside.

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

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

NIFTY:

 

NIFTY

 

NIFTY 50 Index closed the week on positive note gaining +112.30 Points +1.02%

Weekly High: 11181.45

Weekly Low: 10782.60

Weekly Close: 11109.65

 
RESISTANCE 2: 11423

RESISTANCE 1: 11267

SUPPORT 1: 10868

SUPPORT 2: 10626

 
Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 10960 levels, whereas minor resistance on the upside is capped around 11400-11450 levels.

If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 10750 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 11750

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 11750 on upside and 10750 on downside.

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

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

NIFTY:

 

NIFTY

 

NIFTY 50 Index closed the week on negative note loosing –421.90 Points –3.69%

Weekly High: 11310.95

Weekly Low: 10848.95

Weekly Close: 10997.35

 
RESISTANCE 2: 11514

RESISTANCE 1: 11256

SUPPORT 1: 10794

SUPPORT 2: 10590

 
Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11850 levels, whereas minor resistance on the upside is capped around 11100-11150 levels.

If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 10550 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 11350

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 11350 on upside and 10550 on downside.

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

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

NIFTY:

 

NIFTY

 

NIFTY 50 Index closed the week on negative note loosing –133.25 Points –1.15%

Weekly High: 11706.65

Weekly Low: 11399.30

Weekly Close: 11419.25
RESISTANCE 2: 11816

RESISTANCE 1: 11618

SUPPORT 1: 11310

SUPPORT 2: 11201

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11270 levels, whereas minor resistance on the upside is capped around 11470-11480 levels.

If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 11100 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 11700

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 11700 on upside and 11100 on downside.

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

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

NIFTY:

 

NIFTY

 
NIFTY 50 Index closed the week on negative note loosing –258.65 Points –2.19%

Weekly High: 11771.90

Weekly Low: 11461.00

Weekly Close: 11552.50

 

RESISTANCE 2: 11906

RESISTANCE 1: 11729

SUPPORT 1: 11418

SUPPORT 2: 11284
Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11500 levels, whereas minor resistance on the upside is capped around 11640-11650 levels.

If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 11400 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 11750

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 11750 on upside and 11400 on downside.

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

nifty
NIFTY 50 Index closed the week on positive note gaining +22.3 Points +0.19%

Weekly High: 11981.75

Weekly Low: 11797.90

Weekly Close: 11811.15

——————————————–

RESISTANCE 2: 12047.45

RESISTANCE 1: 11929.30

SUPPORT 1: 11745

SUPPORT 2: 11679

——————————————–

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11750 levels, whereas minor resistance on the upside is capped around 11850-11860 levels.

If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 11650 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 11950

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 11950 on upside and 11650 on downside.

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

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

NIFTY:

nifty

 

 

NIFTY 50 Index closed the week on positive note losing +64.75 Points +0.55%

Weekly High: 11911.15

Weekly Low: 11651.00

Weekly Close: 11788.85

——————————

RESISTANCE 2: 12043
RESISTANCE 1: 11915

SUPPORT 1: 11655
SUPPORT 2: 11523

——————————-

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11650 levels, whereas minor resistance on the upside is capped around 11900– 12000 levels.
If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 11400 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 12100.
Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 12100 on upside and 11400 on downside.

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

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

NIFTY:

 

NIFTY

 

NIFTY 50 Index closed the week on negative note losing –99.20 Points –0.84%

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11600 levels, whereas minor resistance on the upside is capped around 11950– 12000 levels.

If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 11400 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 12100

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 12100 on upside and 11400 on downside.

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

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

NIFTY:

 

NIFTY

 

NIFTY 50 Index closed the week on negative note losing –47.35 Points –0.40%

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11600-11550 levels, whereas minor resistance on the upside is capped around 11950– 12000 levels.

If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 11300-11250 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 12150– 12200

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 12150 on upside and 11300 on downside.

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

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

NIFTY:

 

NIFTY

 

NIFTY 50 Index closed the week on negative note losing –75.25 Points –0.63%

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11600-11550 levels, whereas minor resistance on the upside is capped around 11950– 12000 levels.

If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 11300-11250 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 12150– 12200

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 12300– 12350 on upside and 11300– 11250 on downside.

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

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

NIFTY:

 

NIFTY

 

NIFTY 50 Index closed the week on positive note gaining +78.70 Points +0.66 %

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11600-11550 levels, whereas minor resistance on the upside is capped around 12050-12100 levels.

If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 11300-11250 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 12300– 12350

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 12300– 12350 on upside and 11300– 11250 on downside.

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

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

NIFTY:

 

NIFTY

 

NIFTY 50 Index closed the week on positive note gaining +436.95 Points +3.83 %

Weekly High: 12041.2

Weekly Low: 11259.8

Weekly Close: 11844.10

Nifty 50 touch the historic levels of 12000 on the election results day. We think next phase of bull run will continue and mid caps will now out perform the nifty index for the next 1-2 years. For the week nifty has stiff resistance zone around 12050– 12100 and any daily closing above 12100 is bullish for the market and we can see rally up to 13000 mark. As we can clearly see a huge run away gap on charts which market may cover before heading towards higher levels, hence for the week we may see some selling and profit booking in market.

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11600-11550 levels, whereas minor resistance on the upside is capped around 12050-12100 levels.

If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 11300-11250 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 12300– 12350

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 12300– 12350 on upside and 11300– 11250 on downside.

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

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

NIFTY:

 

NIFTY

 
NIFTY 50 Index closed the week on negative note losing -433.35 Points -3.70 %

Weekly High: 11789.30

Weekly Low: 11251.05

Weekly Close: 11278.90

Nifty 50 Index trading near to 100 exponential moving average which is important level to be watched, If nifty spot trades below 11220 levels and sustains below it we may see sharp sell off in over all market and nifty may head towards 11000– 10900. Ahead of election results we have see sharp sell off last week which may continue if nifty 50 closes below 11220.

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11220- 11200 levels, whereas minor resistance on the upside is capped around 11350- 11370 levels.

If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 11070– 11000 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 11550– 11570

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 11550– 11570 on upside and 11070– 11000 on downside.

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

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

NIFTY:

 

NIIFTY

 
NIFTY 50 Index closed the week on negative note losing -13.90 Points -0.12 %

Weekly High: 11796.80

Weekly Low: 11624.30

Weekly Close: 11712.25

Nifty last week sustained above strong support levels of 11550, Volatility may rule the market. INDIAVXI heading towards higher levels. Data shows volatility tends to boost in the month of election results, currently INDIA VXI volatility index is trading around 24 levels and can head towards 40 levels. This means higher volatility & higher option premiums. So stay caution as trade with strict stop loss or properly hedge you long or short position.

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11550- 11500 levels, whereas minor resistance on the upside is capped around 11750- 11800 levels.

If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 11400- 11300 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 12100- 12200

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 12100-12200 on upside and 11400- 11300 on downside.

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

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

NIFTY:

 

NIFTY
NIFTY 50 Index closed the week on positive note gaining+1.85 Points +0.02%

Weekly High: 11856.2

Weekly Low: 11564.80

Weekly Close: 11754.65

Nifty last week sustained above strong support levels of 11550, Heading towards all time highs ahead of general Election 2019, results to be announced in May 2019, its time to be alert as ahead of event nifty trading at all-time highs, time to trade with hedge in Nifty.

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11550- 11500 levels, whereas minor resistance on the upside is capped around 11750- 11800 levels.

If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 11400- 11300 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 12000- 12100

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish.

EquityPandit’s analyst predicts range for the week is seen from 12000-12100 on upside and 11400- 11300 on downside.

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

EquityPandit’s Outlook for Nifty for the week (April 22,2019 – April 26,2019)

NIFTY:

 

nifty

 
NIFTY 50 Index closed the week on positive note gaining +168.50Points +1.45%

Weekly High: 11856.2

Weekly Low: 11550.5

Weekly Close: 11752.80

Nifty last week crossed previous all-time high resistance levels of 11761 and closed above it, Nifty has entered the bullish zone and upside rally may be seen in the this week.

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11600- 11700 levels, whereas minor resistance on the upside is capped around 12000- 12100 levels.

If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 11200- 11300 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 12300- 12400

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish.

EquityPandit’s analyst predicts range for the week is seen from 12300- 12400 on upside and 11200- 11300 on downside.

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

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

NIFTY:

 

 

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

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

NIFTY:

 

NIFTY
NIFTY 50 Index closed the week on negative to flat note losing -22.50 Points -0.19%

Weekly High: 11710

Weekly Low: 11549.10

Weekly Close: 11643.45

Nifty index currently has strong support zone around 11500- 11550 and we would see tough fight between bulls and bears this week, ahead of general election we may see consolidation in range of 11300- 11750, Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11500- 11550 levels, whereas minor resistance on the upside is capped around 11750- 11800 levels.

If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 11000- 10900 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 12000- 12100

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish.

EquityPandit’s analyst predicts range for the week is seen from 12000-12100 on upside and 11000-10900 on downside.

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

EquityPandit’s Outlook for Nifty for the week  (April 08, 2019 – April 012, 2019):

NIFTY:

 

NIFTY

 
NIFTY 50 Index closed the week on positive note gaining +42.05 Points (+0.36%).

Weekly High: 11761

Weekly Low: 11559.20

Weekly Close: 11665.95

Nifty last week as we predicted touched all time high levels, which would act as stiff resistance for the index. One should go long on nifty only once it closes above 11761 levels, During last week nifty formed bearish engulfing candlestick pattern and from there we have seen profit booking. Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11300 11350 levels, whereas minor resistance on the upside is capped around 11750- 11800 levels.

If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 11000- 10900 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 12000- 12100

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish.

EquityPandit’s analyst predicts range for the week is seen from 12000-12100 on upside and 11000-10900 on downside.

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

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

NIFTY:

 

NIFTY

 

NIFTY 50 Index closed the week on positive note gaining +167 Points (+1.46%).

Weekly High: 11630.35

Weekly Low: 11311.6

Weekly Close: 11623.90

Nifty is all set to test all-time highs and last week we have seen tough fight between bulls and bears. But finally technical study suggest all time high is all ready to be market in this week. Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11300 11350 levels, whereas minor resistance on the upside is capped around 11750- 11800 levels.

If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 11000- 10900 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 12000- 12100

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 12000-12100 on upside and 11000-10900 on downside.

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

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

NIFTY:

 

NIFTY

 
NIFTY 50 Index closed the week on positive note gaining +113.65 Points (+1.00%).

Weekly High: 11572.80

Weekly Low: 11370.80

Weekly Close: 11456.90

Nifty was not able to cross 52 week high mart this week and took a pause with minor correction in the last trading session of the week, Nifty is stiff trading in a bull run and buying interest may again resume on the lower levels. Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11080- 11180 levels, whereas minor resistance on the upside is capped around 11750- 11800 levels.

If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 10700 -10800 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 12000- 12100

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 12000-12100 on upside and 10700- 10800 on downside.

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

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

NIFTY:

 

NIFTY

 

NIFTY 50 Index closed the week on positive note gaining 391.45 Points (+3.55%).

Weekly High: 11487

Weekly Low: 11009

Weekly Close: 11426.85

As we predicted last week nifty broke minor resistance of 11150 and is heading towards resistance of 11700- 11800, Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11080- 11180 levels, whereas minor resistance on the upside is capped around 11700- 11800 levels.

If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 10700 -10800 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 12000- 12100

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 12000-12100 on upside and 10700- 10800 on downside.

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

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

NIFTY:

nifty

 

NIFTY 50 Index closed the week on positive note gaining +242.90 Points (+2.25%).

Weekly High: 11089.05

Weekly Low: 10784.80

Weekly Close: 11035.40

Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 10500- 10550 levels, where as minor resistance on the upside is capped around 11150- 11250 levels.

If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 10150- 10200 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 11600- 11700

Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 11600- 11700 on upside and 10500- 10550 on downside.

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that resistance for the index lies around 10800 to 10900 where Fibonacci levels and short & medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11100 to 11200 where Fibonacci levels are lying. During the week the index manages to hit a high of 10940 and close the week around the levels of 10863.

Support for the index lies in the zone of 10550 to 10650 where low for the month of January-2019 & February-2019 and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where Fibonacci levels and low for the month of December-2018 are lying.

Resistance for the index lies around 10800 to 10900 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11100 to 11200 where Fibonacci levels and high for the month of February-2019 are lying.

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

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

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

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 10600 to 10700 where Fibonacci levels and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where Fibonacci levels and low for the month of December-2018 are lying. During the week the index manages to hit a low of 10586 and close the week around the levels of 10792.

Support for the index lies in the zone of 10550 to 10650 where low for the month of January-2019 and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where Fibonacci levels and low for the month of December-2018 are lying.

Resistance for the index lies around 10800 to 10900 where Fibonacci levels and short & medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11100 to 11200 where Fibonacci levels are lying.

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

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that support for the index lies in the zone of 10800 to 10900 from where the index broke out of high for the month of December-2018 & January-2018 and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10600 to 10700 where Fibonacci levels and long term moving averages are lying. During the week the index manages to hit a low of 10620 and close the week around the levels of 10724.

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

Resistance for the index lies around 10800 to 10900 where Fibonacci levels and short & medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11100 to 11200 where Fibonacci levels are lying.

Broad range for the week is seen from 10300 to 10400 on downside & 11000 to 11100 on upside.

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

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

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 around 10900 to 11000 where high for the month of December-2018 & January-2018 and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11100 to 11200 where Fibonacci levels are lying. During the week the index manages to hit a high of 11118 and close the week around the levels of 10944.

Support for the index lies in the zone of 10800 to 10900 from where the index broke out of high for the month of December-2018 & January-2018 and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10600 to 10700 where Fibonacci levels and long term moving averages are lying.

Resistance for the index lies around 11100 to 11200 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11400 to 11500 where Fibonacci levels are lying.

Broad range for the week is seen from 10500 to 10600 on downside & 11300 to 11400 on upside.

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that support for the index lies in the zone of 10600 to 10700 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where low for the month of November – 2018 and Fibonacci levels are lying. During the week the index manages to hit a low of 10652 and close the week around the levels of 10893.

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

Resistance for the index lies around 10900 to 11000 where high for the month of December-2018 & January-2018 and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11100 to 11200 where Fibonacci levels are lying.

Broad range for the week is seen from 10500 to 10600 on downside & 11100 to 11200 on upside.

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

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

NIFTY:

 

NSE NIFTY

 

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

As we have mentioned last week that resistance for the index lies around 10850 to 10950 from where the index has broken down from the September-2018 lows and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11000 to 11100 where Fibonacci levels are lying. During the week the index manages to hit a high of 10987 and close the week around the levels of 10781.

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

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

Broad range for the week is seen from 10500 to 10600 on downside & 11100 to 11200 on upside.

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that support for the index lies in the zone of 10600 to 10700 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where low for the month of November – 2018 and Fibonacci levels are lying. During the week the index manages to hit a low of 10692 and close the week around the levels of 10907.

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

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

Broad range for the week is seen from 10500 to 10600 on downside & 11100 to 11200 on upside.

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that resistance for the index lies around 10850 to 10950 from where the index has broken down from the September-2018 lows and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11000 to 11100 where Fibonacci levels are lying. During the week the index manages to hit a high of 10870 and close the week around the levels of 10795.

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

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

Broad range for the week is seen from 10300 to 10400 on downside & 11000 to 11100 on upside.

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

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

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 around 10850 to 10950 from where the index has broken down from the September-2018 lows and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 11000 to 11100 where Fibonacci levels are lying. During the week the index manages to hit a high of 10923 and close the week around the levels of 10727.

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

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

Broad range for the week is seen from 10300 to 10400 on downside & 11000 to 11100 on upside.

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week that support for the index lies in the zone of 10600 to 10700 where Fibonacci levels and short; medium & long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where low for the month of November – 2018 and Fibonacci levels are lying. During the week the index manages to hit a low of 10535 and close the week around the levels of 10860.

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

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

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

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

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

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 around 10850 to 10950 from where the index has broken down from the September-2018 lows, Fibonacci levels and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 11000 to 11100 where Fibonacci levels are lying. During the week the index manages to hit a high of 10985 and close the week around the levels of 10754.

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

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

Broad range for the week is seen from 10300 to 10400 on downside & 11000 to 11100 on upside.

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

Opinion: The State Assembly Elections 2018

Equitypandit_Election

Today marks the last day for the assembly elections 2018, as the states of Rajasthan and Telangana goes into polling. Rajasthan which consists of 199 constituencies and Telangana which houses 119 constituencies are up for electing their state Legislatures. A few days earlier, the states of Madhya Pradesh, Chhattisgarh and Mizoram also appeared for polling and the election results for these states will be declared on December 11.

The conclusion of the polling, which is set to be at 5 PM today, will enable the media houses to publish their exit polls for the states that went for elections. The most recent opinion polls that were published before elections, showcased a loss in the state of Rajasthan and a tough fight in the states of Madhya Pradesh and Chattisgarh for incumbent BJP. In Telangana, the ruling party TRS is more likely to hold onto its power whereas a hung assembly could be the most likely outcome in Mizoram, as per the major opinions polls.

Which States To Watch Closely?

Out of the five states that went in for elections, the outcome for the states of Madhya Pradesh and Rajasthan would be closely watched by the market. The anticipation around the results of Madhya Pradesh and Rajasthan is majorly due to the linkage between the ongoing state elections and the upcoming General Election in 2019. Rajasthan and Madhya Pradesh solely consists of about 10% of the total Lok Sabha seats in India and hence will play a major role for the current government who wishes to stay in power.

How Will The Results Impact The Market?

At present, the assumption in the market is that BJP will win in Madhya Pradesh for sure, however, the chances for BJP to come back in power in the state of Rajasthan are very thin. In Equitypandit’s view, if BJP loses both Madhya Pradesh and Rajasthan, it would be a major shock for the market. In that case, NIFTY may go down to 10200 levels. But if BJP loses only in Rajasthan, it would not have a much adverse effect on the market. Nifty at the most may go to 10500 zones and will bounce back from that level.

Overall the technical set up of the market is still bullish, in long-term. The worst-case scenario, which we have mentioned above, may create panic in the market and can drag nifty to sub 10200 levels. Apart from this, the market would remain in a consolidation range only. Nifty to stays between 10500-10900 levels in present expiry.

Read EquityPandit’s Technical Analysis Of Indian Stock Market

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

Support for the index lies in the zone of 10800 to 10900 from where the index broke out of double top and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10600 where low for the month of June-2018 is lying.

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

Nifty closed the week on absolutely flat note.

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

Minor support for the index lies in the zone of 10850 to 10900. Support for the index lies in the zone of 10700 to 10750 where break out levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10550 where Fibonacci levels and medium term moving averages are lying.

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

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

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 10900 to 11000 where the index has formed a high in the month of May-2018 and June-2018. If the index manages to close above these levels then the index can move to the levels of 11100 to 11200 where the index has formed a top in the month of January-2018. During the week the index manages to hit a high of 11078 and close the week around the levels of 11019.

Minor support for the index lies in the zone of 10850 to 10900. Support for the index lies in the zone of 10700 to 10750 where break out levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10500 to 10550 where Fibonacci levels and medium term moving averages are lying.

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

Minor support for the index lies in the zone of 10700 to 10750. Support for the index lies in the zone of 10500 to 10550 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where Fibonacci levels are lying.

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

Support for the index lies in the zone of 10500 to 10550 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where Fibonacci levels are lying.

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

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

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

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

NIFTY:

 

NIFTY

Nifty closed the week on absolutely flat note.

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

Minor support for the index lies in the zone of 10700 to 10750. Support for the index lies in the zone of 10500 to 10550 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where long term moving averages and Fibonacci levels are lying.

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

Minor support for the index lies in the zone of 10700 to 10750. Support for the index lies in the zone of 10500 to 10550 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where long term moving averages and Fibonacci levels are lying.

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

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

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that support for the index lies in the zone of 10500 to 10550 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where long term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 10551 and close the week around the levels of 10767.

Minor support for the index lies in the zone of 10650 to 10700. Support for the index lies in the zone of 10500 to 10550 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where long term moving averages and Fibonacci levels are lying.

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

Support for the index lies in the zone of 10500 to 10550 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where long term moving averages and Fibonacci levels are lying.

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

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

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

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

NIFTY:

 

NIFTY

 

Nifty closed the week on absolutely flat note.

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

Support for the index lies in the zone of 10500 to 10550 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where long term moving averages and Fibonacci levels are lying.

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

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

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 10900 to 11000 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 11100 to 11200 where the index has formed a top in the month of January-2018. During the week the index manages to hit a high of 10929 and close the week around the levels of 10596.

Support for the index lies in the zone of 10500 to 10550 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where long term moving averages and Fibonacci levels are lying.

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

Minor support for the index lies in the zone of 10650 to 10700. Support for the index lies in the zone of 10500 to 10550 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10400 where long term moving averages and Fibonacci levels are lying.

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

Support for the index lies in the zone of 10000 to 10100 where the index has taken multiple supports in the month of November-2017 & December-2017 and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9600 where Fibonacci levels and lows for the month of August-2017 and September-2017 are lying.

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

Support for the index lies in the zone of 10400 to 10500 where break out levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10100 where the index has taken multiple supports in the month of November-2017 & December-2017 and long term moving averages are lying.

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

Support for the index lies in the zone of 10400 to 10500 where break out levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10100 where the index has taken multiple supports in the month of November-2017 & December-2017 and long term moving averages are lying.

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

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

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

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

NIFTY:

 

NIFTY

 

Nifty closed the week on absolutely flat note.

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

Support for the index lies in the zone of 10400 to 10500 where break out levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10100 where the index has taken multiple supports in the month of November-2017 & December-2017 and long term moving averages are lying.

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

Support for the index lies in the zone of 10400 to 10500 where break out levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10100 where the index has taken multiple supports in the month of November-2017 & December-2017 and long term moving averages are lying.

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 10900 to 11000. If the index manages to close above these levels then the index can move to the levels of 11200 to 11300. During the week the index manages to hit a high of 11110 and close the week around the levels of 11070.

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 10600 to 10700 where trend-line joining highs formed in the month of September-2016 and August-2017 is lying. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000. During the week the index manages to hit a high of 10907 and close the week around the levels of 10895.

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

Minor support for the index lies in the zone of 10500 to 10550. Support for the index lies in the zone of 10350 to 10400 where break out levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10100 where break out levels are lying.

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that support for the index lies in the zone of 10000 to 10100 where medium term moving averages and break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 9650 to 9700 where 200 daily moving averages and lows for the month of August-2017 and September-2017 are lying. During the week the index manages to hit a low of 10075 and close the week around the levels of 10493.

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 10200 to 10250 where trend-line joining high of August-2017 and September-2017 is lying. If the index manages to close above these levels then the index can move to the levels of 10350 to 10400. During the week the index manages to hit a high of 10252 and close the week around the levels of 10147.

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 10000 to 10050 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 10130 to 10180 where the index has formed a top in the month of August-2017 & September-2017. During the week the index manages to hit a high of 10192 and close the week around the levels of 10167.

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

Minor support for the index lies in the zone of 9830 to 9850. Support for the index lies in the zone of 9700 to 9740 from where the index broke out of June-2017 high and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 where the index has taken support in the month of June-2017.

Resistance for the index lies in the zone of 10000 to 10050 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 10130 to 10180 where the index has formed a top in the month of August-2017 & September-2017.

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 9950 to 10000 from where the index has broken down after consolidation. If the index manages to close above these levels then the index can move to the levels of 10080 to 10120 where the index has formed a top in the month of August-2017. During the week the index manages to hit a high of 10132 and close the week around the levels of 10085.

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

As we have mentioned last week, that resistance for the index lies in the zone of 9950 to 10000 from where the index has broken down after consolidation. If the index manages to close above these levels then the index can move to the levels of 10080 to 10120 where the index has formed a top in the month of August-2017. During the week the index manages to hit a high of 9988 and close the week around the levels of 9935.

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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

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

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

NIFTY:

 

NIFTY

 

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

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

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

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

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