Weekly Outlook for Nifty and major indices (November 09, 2015 - November 13, 2015)

DATE: 06/11/2015
WEEKLY OUTLOOK FOR
NIFTY AND
MAJOR INDICES
(09/11/2015 - 13/11/2015)
© EquityPandit Financial Services Pvt. Ltd. | www.equitypandit.com | info@equitypandit.com
Jagrut Shah Darpan Shah
Sr. Research Analyst Head - Research
EquityPandit Financial Services Pvt. Ltd.
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CNX NIFTYPAGE 2
CNX Nifty ended the week on negative note losing around 1.3%.
As we have mentioned last week that resistance for the index lies in the zone of 8200 where
100 Daily SMA is lying. If the index manages to close above this levels on closing basis then
the index can move to the levels of 8400 where 200 Daily SMA and trend-line resistance for
the index is positioned. During the week the index manages to hit a high of 8116 and sold off
to close the week around the levels of 7962.
Support for the index lies in the zone of 7900 to 7950. If the index breaks below this levels on
closing basis then the index can drift to the levels of 7700 where trend-line, 500 Daily SMA &
100 Weekly SMA supports are positioned.
Resistance for the index lies in the zone of 8100 where short term moving averages are posi-
tioned. If the index manages to close above this levels on closing basis then the index can
move to the levels of 8200 where 100 Daily SMA.
Broad range for the week is seen from 7800 on downside to 8100 on upside.

Bank Nifty ended the week on negative note losing around 1.4%.
As we have mentioned last week that the support for the index lies in the zone of 16800 to
17000 where channel support for the index is lying. If the index breaks below this levels on
closing basis then the index can drift to the levels of 16000 where trend-line and channel
support for the index is positioned. During the week the index manages to hit a low of 16911
and bounce to close the week around the levels of 17114.
Support for the index lies in the zone of 16800 to 17000 where channel support for the index
is lying. If the index breaks below this levels on closing basis then the index can drift to the
levels of 16000 where trend-line and channel support for the index is positioned.
Resistance for the index lies in the zone of 17500 where short term moving averages are po-
sitioned. If the index manages to close above the levels of 17500 then the index can move to
the levels of 18000 where 100 Daily SMA are positioned.
Range for the week is seen from 16300 to 16500 on downside to 17500 to 17700 on upside.
BANK NIFTY

CNX IT index closed the week on absolutely flat note.
As we have mentioned last week that resistance for the index lies in the zone of 11600 to
11700 where 200 Daily SMA is positioned. If the index manages to close above this levels
then the index can move to the levels of 12000 where channel resistance for the index is po-
sitioned. During the week the index manages to hit a high of 11688 and retraced to close the
week around the levels of 11493.
The index has close just below the support zone of 11500 where 100 Daily SMA is lying. If
the index closes below the levels of 11400 then the index can drift to the levels of 11300
where trend-line support for the index is positioned.
Resistance for the index lies in the zone of 11600 to 11700 where 200 Daily SMA is posi-
tioned. If the index manages to close above this levels then the index can move to the levels
of 12000 where channel resistance for the index is positioned.
Broad range for the index in the coming week is seen from 11200 on downside to 11700 on
upside.
CNX IT

CNX FMCG index 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 20300 to
20500 where 200 Daily SMA and trend-line resistance are positioned. If the index manages
to close above this levels then the index can move to the levels of 21000. During the week the
index manages to hit a high of 20419 and close the week around the levels of 20277.
Resistance for the index lies in the zone of 20300 to 20500 where 200 Daily SMA and trend-
line resistance are positioned. If the index manages to close above this levels then the index
can move to the levels of 21000.
Support for the index lies in the zone of 20000 where 100 Daily SMA is positioned. If the in-
dex closes below this levels then the index can drift to the levels of 19350 where long term
support for the index is positioned.
Broad range for the index in the coming week is seen from 19500 to 19700 on downside to
20500 to 20600 on upside.
CNX FMCG

CNX PHARMA index closed the week on negative note losing around 7.0%.
As we have mentioned last week that support for the index lies in the zone of 13000 from
where the index has broken out. If the index manages to move below the levels of 13000 on
closing basis, then the index can drift to the levels of 12200 to 12500 where 100 and 200
Daily SMA are positioned. During the week the index manages to hit a low of 12205 and close
the week at virtually the lowest point.
The index is very weak and trading below the major long term moving averages. The index
has close below the short term upward moving trend-line. If the index does not manage to
close above the levels of 12400 then the index can drift to the levels of 11000 where channel
support for the index is lying. The index is moving in this channel since the month of April -
2015.
Resistance for the index lies in the zone of 12400 to 12600 where 100 & 200 Daily SMA are
positioned. If the index manages to close above this levels then the index can move to the lev-
els of 13000 from where the index has sold off.
Broad range for the index is seen from 11600 to 11800 on downside to 12500 to 12700 on
upside.
CNX PHARMA

CNX AUTO index closed the week on positive note gaining around 0.70%.
As we have mentioned last week that resistance for the index lies in the zone of 8200 to 8250
where 100 Daily SMA is lying. If the index manages to close above this levels then the index
can move to the levels of 8400 where 200 Daily SMA is positioned. During the week the index
manages to hit a high of 8269 and retraced to close the week around the levels of 8149.
Support for the index lies in the zone of 7950 to 8000 where trend-line support for the index
is positioned. If the index manages to break this levels on closing basis then the index can
drift to the levels of 7600 where channel support for the index is positioned.
Resistance for the index lies in the zone of 8200 to 8250 where 100 Daily SMA is lying. If the
index manages to close above this levels then the index can move to the levels of 8400 where
200 Daily SMA is positioned.
Broad range for the index is seen from 7950 to 8000 on downside to 8250 to 8300 on upside.
CNX AUTO

CNX ENERGY index closed the week on positive note gaining around 0.90%.
As we have mentioned last week that resistance for the index lies in the zone of 8200 to 8250
where 100 & 1000 Daily SMA are positioned. If the index manages to close above this levels
then the index can move to the levels of 8400 where trend-line and 200 Daily SMA are posi-
tioned. During the week the index manages to hit a high of 8286 and sold off to close the
week around the levels of 8171.
Support for the index lies in the zone of 8000 from where the index has broken out of the
consolidation zone. If the index breaks below this levels on closing basis then the index can
drift to the levels of 7800.
Resistance for the index lies in the zone of 8200 to 8250 where 100 & 1000 Daily SMA are
positioned. If the index manages to close above this levels then the index can move to the lev-
els of 8400 where trend-line and 200 Daily SMA are positioned.
Broad range for the index is seen between 7900 to 7950 on downside to 8250 to 8300 on up-
side.
CNX ENERGY

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mentioned. No representations can be made that the recommendations contained herein will be profitable or
that they will not result in losses. Readers using the information contained herein are solely responsible for
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Weekly Outlook for Nifty and major indices (November 09, 2015 - November 13, 2015)

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