Nifty closed the week on positive note gaining around 0.50%.
As we have mentioned last week that resistance for the index lies in the zone of 10050 to 10100 where Fibonacci levels and channel resistance for the index is lying. If the index manages to close above these levels then the index can move to the levels of 10400 to 10500. During the week the index manages to hit a high of 10138 and close the week around the levels of 10066.
Minor support for the index lies in the zone of 9980 to 10020. Support for the index lies in the zone of 9900 to 9930 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9700 to 9740 from where the index broke out of June-2017 highs and short term moving averages are lying.
Resistance for the index lies in the zone of 10100 to 10150 where channel resistance for the index is lying. If the index manages to close above these levels then the index can move to the levels of 10400 to 10500.
Broad range for the week is seen from 9700 on downside & 10400 on upside.
Weekly Outlook for Nifty and major indices (31/07/2017 to 04/08/2017)equitypandit
Nifty closed the week on positive note gaining around 1.00%.
As we have mentioned last week, that resistance for the index lies in the zone of 9900 to 9930. If the index manages to close above these levels then the index can move to the levels of 10050 to 10100 where Fibonacci levels and channel resistance for the index is lying. During the week the index manages to hit a high of 10115 and close the week around the levels of 10014.
Minor support for the index lies in the zone of 9900 to 9930. Support for the index lies in the zone of 9670 to 9700 from where the index broke out of June-2017 highs and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9550 where break out levels for the index is lying.
Resistance for the index lies in the zone of 10050 to 10100 where Fibonacci levels and channel resistance for the index is lying. If the index manages to close above these levels then the index can move to the levels of 10400 to 10500.
Broad range for the week is seen from 9700 on downside & 10400 on upside.
Weekly Outlook for Nifty and major indices (14/08/2017 to 18/08/2017)equitypandit
Nifty closed the week on negative note losing around 3.50%.
As we have mentioned last week that minor support for the index lies in the zone of 9980 to 10020. Support for the index lies in the zone of 9900 to 9930 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9700 to 9740 from where the index broke out of June-2017 highs and short term moving averages are lying. During the week the index manages to hit a low of 9686 and close the week around the levels of 9711.
Support for the index lies in the zone of 9700 to 9740 from where the index broke out of June-2017 high. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 where medium term moving averages are lying.
Resistance for the index lies in the zone of 9770 to 9820 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9950 to 10000 from where the index broke down after consolidation.
Broad range for the week is seen from 9400 on downside & 10000 on upside.
Weekly Outlook for Nifty and major indices (04/09/2017 to 08/09/2017)equitypandit
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.
Weekly Outlook for Nifty and major indices (21/08/2017 to 25/08/2017)equitypandit
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.
Weekly Outlook for Nifty and major indices (27/06/2017 to 30/06/2017)equitypandit
Nifty closed the week on negative note losing around 0.15%.
As we have mentioned last week that minor resistance for the index lies in the zone of 9650 to 9680. Resistance for the index lies in the zone of 9730 to 9750. If the index manages to close above these levels then the index can move to the levels of 9880 to 9900. During the week the index manages to hit a high of 9699 and close the week around the levels of 9575.
Minor support for the index lies in the zone of 9530 to 9550. Support for the index lies in the zone of 9400 to 9450 where break out levels and short term moving averages for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where break out gap for the index is lying.
Minor resistance for the index lies in the zone of 9610 to 9630. Resistance for the index lies in the zone of 9700 to 9750 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 9880 to 9900.
Broad range for the week is seen from 9350 on downside & 9750 on upside.
Weekly Outlook for Nifty and major indices (05/06/2017 to 09/06/2017)equitypandit
Nifty closed the week on positive note gaining around 0.60%.
As we have mentioned last week that minor support for the index lies in the zone of 9500 to 9520. Support for the index lies in the zone of 9350 to 9400 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where short term moving averages are lying. During the week the index manages to hit a low of 9548 and close the week around the levels of 9653.
Minor support for the index lies in the zone of 9550 to 9600. Support for the index lies in the zone of 9350 to 9400 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where break out gap for the index is lying.
Resistance for the index lies in the zone of 9730 to 9750. If the index manages to close above these levels then the index can move to the levels of 9880 to 9900.
On 07/06/2017 Wednesday the RBI will be concluding the two day Policy meet. So the index can witness some volatility.
Broad range for the week is seen from 9450 on downside & 9850 on upside.
Weekly Outlook for Nifty and major indices (29/05/2017 to 02/06/2017)equitypandit
Nifty closed the week on positive note gaining around 1.80%.
As we have mentioned last week that minor support for the index lies in the zone of 9350 to 9380. Support for the index lies in the zone of 9200 to 9250 where the index had opened gap up and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9070 to 9130 where Fibonacci levels. During the week the index manages to hit a low of 9341 and close the week around the levels of 9595.
Minor support for the index lies in the zone of 9500 to 9520. Support for the index lies in the zone of 9350 to 9400 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where short term moving averages are lying.
Resistance for the index lies in the zone of 9700 to 9730. If the index manages to close above these levels then the index can move to the levels of 9880 to 9900.
Broad range for the week is seen from 9400 on downside & 9800 on upside.
Weekly Outlook for Nifty and major indices (March 06, 2017 - March 10, 2017)equitypandit
Nifty ended the week on negative note losing around 0.50%.
As we have mentioned last week that minor support for the index lies in the zone of 8840 to 8880. Support for the index lies in the zone of 8780 to 8810 where the index had opened gap up. If the index manages to close below these levels then the index can drift of 8600 to 8650 from where the index broke out of January-2017 highs. During the week the index manages to hit a low of 8860 and close the week around the levels of 8898.
Minor support for the index lies in the zone of 8850 to 8870. Support for the index lies in the zone of 8780 to 8810 where the index had opened gap up. If the index manages to close below these levels then the index can drift of 8600 to 8650 from where the index broke out of January-2017 highs.
Resistance for the index lies in the zone of 8900 to 8950 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9050 to 9100 where life time highs for the index is lying.
Broad range for the week is seen from 8700 on downside to 9100 on upside.
Weekly Outlook for Nifty and major indices (31/07/2017 to 04/08/2017)equitypandit
Nifty closed the week on positive note gaining around 1.00%.
As we have mentioned last week, that resistance for the index lies in the zone of 9900 to 9930. If the index manages to close above these levels then the index can move to the levels of 10050 to 10100 where Fibonacci levels and channel resistance for the index is lying. During the week the index manages to hit a high of 10115 and close the week around the levels of 10014.
Minor support for the index lies in the zone of 9900 to 9930. Support for the index lies in the zone of 9670 to 9700 from where the index broke out of June-2017 highs and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9550 where break out levels for the index is lying.
Resistance for the index lies in the zone of 10050 to 10100 where Fibonacci levels and channel resistance for the index is lying. If the index manages to close above these levels then the index can move to the levels of 10400 to 10500.
Broad range for the week is seen from 9700 on downside & 10400 on upside.
Weekly Outlook for Nifty and major indices (14/08/2017 to 18/08/2017)equitypandit
Nifty closed the week on negative note losing around 3.50%.
As we have mentioned last week that minor support for the index lies in the zone of 9980 to 10020. Support for the index lies in the zone of 9900 to 9930 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9700 to 9740 from where the index broke out of June-2017 highs and short term moving averages are lying. During the week the index manages to hit a low of 9686 and close the week around the levels of 9711.
Support for the index lies in the zone of 9700 to 9740 from where the index broke out of June-2017 high. If the index manages to close below these levels then the index can drift to the levels of 9450 to 9500 where medium term moving averages are lying.
Resistance for the index lies in the zone of 9770 to 9820 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 9950 to 10000 from where the index broke down after consolidation.
Broad range for the week is seen from 9400 on downside & 10000 on upside.
Weekly Outlook for Nifty and major indices (04/09/2017 to 08/09/2017)equitypandit
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.
Weekly Outlook for Nifty and major indices (21/08/2017 to 25/08/2017)equitypandit
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.
Weekly Outlook for Nifty and major indices (27/06/2017 to 30/06/2017)equitypandit
Nifty closed the week on negative note losing around 0.15%.
As we have mentioned last week that minor resistance for the index lies in the zone of 9650 to 9680. Resistance for the index lies in the zone of 9730 to 9750. If the index manages to close above these levels then the index can move to the levels of 9880 to 9900. During the week the index manages to hit a high of 9699 and close the week around the levels of 9575.
Minor support for the index lies in the zone of 9530 to 9550. Support for the index lies in the zone of 9400 to 9450 where break out levels and short term moving averages for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where break out gap for the index is lying.
Minor resistance for the index lies in the zone of 9610 to 9630. Resistance for the index lies in the zone of 9700 to 9750 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 9880 to 9900.
Broad range for the week is seen from 9350 on downside & 9750 on upside.
Weekly Outlook for Nifty and major indices (05/06/2017 to 09/06/2017)equitypandit
Nifty closed the week on positive note gaining around 0.60%.
As we have mentioned last week that minor support for the index lies in the zone of 9500 to 9520. Support for the index lies in the zone of 9350 to 9400 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where short term moving averages are lying. During the week the index manages to hit a low of 9548 and close the week around the levels of 9653.
Minor support for the index lies in the zone of 9550 to 9600. Support for the index lies in the zone of 9350 to 9400 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where break out gap for the index is lying.
Resistance for the index lies in the zone of 9730 to 9750. If the index manages to close above these levels then the index can move to the levels of 9880 to 9900.
On 07/06/2017 Wednesday the RBI will be concluding the two day Policy meet. So the index can witness some volatility.
Broad range for the week is seen from 9450 on downside & 9850 on upside.
Weekly Outlook for Nifty and major indices (29/05/2017 to 02/06/2017)equitypandit
Nifty closed the week on positive note gaining around 1.80%.
As we have mentioned last week that minor support for the index lies in the zone of 9350 to 9380. Support for the index lies in the zone of 9200 to 9250 where the index had opened gap up and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9070 to 9130 where Fibonacci levels. During the week the index manages to hit a low of 9341 and close the week around the levels of 9595.
Minor support for the index lies in the zone of 9500 to 9520. Support for the index lies in the zone of 9350 to 9400 where break out levels for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 9200 to 9250 where short term moving averages are lying.
Resistance for the index lies in the zone of 9700 to 9730. If the index manages to close above these levels then the index can move to the levels of 9880 to 9900.
Broad range for the week is seen from 9400 on downside & 9800 on upside.
Weekly Outlook for Nifty and major indices (March 06, 2017 - March 10, 2017)equitypandit
Nifty ended the week on negative note losing around 0.50%.
As we have mentioned last week that minor support for the index lies in the zone of 8840 to 8880. Support for the index lies in the zone of 8780 to 8810 where the index had opened gap up. If the index manages to close below these levels then the index can drift of 8600 to 8650 from where the index broke out of January-2017 highs. During the week the index manages to hit a low of 8860 and close the week around the levels of 8898.
Minor support for the index lies in the zone of 8850 to 8870. Support for the index lies in the zone of 8780 to 8810 where the index had opened gap up. If the index manages to close below these levels then the index can drift of 8600 to 8650 from where the index broke out of January-2017 highs.
Resistance for the index lies in the zone of 8900 to 8950 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9050 to 9100 where life time highs for the index is lying.
Broad range for the week is seen from 8700 on downside to 9100 on upside.
Weekly Outlook for Nifty and major indices (February 27, 2017 - March 03, 2017)equitypandit
Nifty ended the week on positive note gaining around 1.30%.
As we have mentioned last week that minor resistance for the index lies in the zone of 8800 to 8820. Resistance for the index lies in the zone of 8900 to 8950 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9050 to 9100 where life time highs for the index is lying. During the week the index manages to hit a high of 8982 and close the week around the levels of 8939.
Minor support for the index lies in the zone of 8840 to 8880. Support for the index lies in the zone of 8780 to 8810 where the index had opened gap up. If the index manages to close below these levels then the index can drift of 8600 to 8650 from where the index broke out of January-2017 highs.
Resistance for the index lies in the zone of 8900 to 8950 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9050 to 9100 where life time highs for the index is lying.
Broad range for the week is seen from 8700 on downside to 9100 on upside.
Weekly Outlook for Nifty and major indices (February 20, 2017 - February 24, ...equitypandit
Nifty ended the week on positive note gaining around 0.30%.
As we have mentioned last week that minor support for the index lies in the zone of 8680 to 8720. Support for the index lies in the zone of 8460 to 8510 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift of 8280 to 8330 from where the index broke out of the declining trend-line and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 8100 to 8150 where Fibonacci levels and highs of December-2016 are lying. During the week the index manages to hit a low of 8713 and close the week around the levels of 8822.
Minor support for the index lies in the zone of 8720 to 8750. Support for the index lies in the zone of 8550 to 8600 from where the index broke out. If the index manages to close below these levels then the index can drift of 8350 to 8400 where Fibonacci levels and 200 Daily SMA is lying.
Minor resistance for the index lies in the zone of 8800 to 8820. Resistance for the index lies in the zone of 8900 to 8950 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9050 to 9100 where life time highs for the index is lying.
Broad range for the week is seen from 8700 on downside to 9100 on upside.
Weekly Outlook for Nifty and major Indices (June 27, 2016 to July 01, 2016)equitypandit
Nifty ended the week on negative note losing around 1.00%.
As we have mentioned last week that resistance for the index lies in the zone of 8280 to 8340 where the index has created the gap on gap down opening in the month of Aug - 2015. If the index manages to close above these levels then the index can move to the levels of 8600 to 8650 levels. During the week the index manages to hit a high of 8285 and close the week around the levels of 8089.
Support for the index lies in the zone of 8000 from where the index has broken out from the triple top formation. If the index manages to close below these levels then the index can drift to the levels of 7770 to 7800 where 200 Daily SMA is lying.
Resistance for the index lies in the zone of 8280 to 8340 where the index has created the gap on gap down opening in the month of Aug - 2015. If the index manages to close above these levels then the index can move to the levels of 8600 to 8650 levels.
Broad range for the week is seen from 7800 on downside to 8300 on upside.
Weekly Outlook for Nifty and major indices (August 29, 2016 to September 02, ...equitypandit
Nifty ended the week on negative note losing around 1.10%.
As we have mentioned last week that minor support for the index lies in the zone of 8550 to 8600. Support for the index lies in the zone of 8350 to 8400 where the index has created the gap up opening on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8250 where medium term moving averages are lying. During the week the index manages to hit a low of 8547 and close the week around the levels of 8573.
Support for the index lies in the zone of 8350 to 8400 where the index has created the gap up opening on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8250 where medium term moving averages are lying.
Resistance for the index lies in the zone of 8700 to 8750 levels where the index has made a short term top. If the index manages to close above these levels then the index can move to the levels of 8800 to 8850.
The index has broken the inclining H & S pattern formed from 8530 to 8730. Neckline for H & S pattern is around the levels of 8580. The index has closed below the neckline levels and the target for the same can be around the levels of 8350 to 8400.
Broad range for the week is seen from 8350 on downside to 8700 on upside.
Weekly Outlook for Nifty and major indices (March 08, 2016 - March 11, 2016)equitypandit
Nifty ended the week on positive note gaining around 6.70%.
As we have mentioned last week that resistance for the index lies in the zone of 7240 where the index has formed a previous bottom. If the index manages to close above this levels then the index can move to the levels of 7500 from where the index has broken down after making the double bottom. During the week the index manages to hit a high of 7506 and close the week around the highest levels.
Support for the index lies in the zone of 7230 to 7280 from where the index has broken out of the short term top. If the index manages to close below this levels then the index can drift to the levels of 6900 where channel support for the index is lying.
Index has closed around the resistance zone of 7500 from where the index has broken down after making the double bottom pattern. If the index manages to close above this levels then the index can move to the levels of 7700 where 100 Daily SMA is lying.
The index is positioned around the trend-line support which is holding the index in every correction since February - 2015. If the index can hold this levels and if the global turmoil settles then the index can witness a significant bounce which can take the index to the levels of 8000.
Broad range for the week is seen from 7200 on downside to 7700 on upside.
Weekly Outlook for Nifty and major indices (February 04, 2017 - February 10, ...equitypandit
Nifty ended the week on positive note gaining around 1.20%.
As we have mentioned last week that resistance for the index lies in the zone of 8680 to 8720 from where the index sold off in the month of October-2016. If the index manages to close above these levels then the index can move to the levels of 8880 to 8920. During the week the index manages to hit a high of 8758 and close the week around the levels of 8741.
Minor support for the index lies in the zone of 8650 to 8680. Support for the index lies in the zone of 8460 to 8510 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift of 8280 to 8320 from where the index broke out of the declining trend-line and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 8100 to 8150 where Fibonacci levels and highs of December-2016 are lying.
Minor resistance for the index lies in the zone of 8800 to 8820. Resistance for the index lies in the zone of 8900 to 8950 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9050 to 9100 where life time highs for the index is lying.
Broad range for the week is seen from 8500 on downside to 9000 on upside.
Weekly Outlook for Nifty and major indices (08-05-2017 to 12-05-2017)equitypandit
Nifty closed the week on negative note losing around 0.20%.
As we have mentioned last week that minor support for the index lies in the zone of 9250 to 9270. Support for the index lies in the zone of 9170 to 9220 from where the index has opened gap up. If the index manages to close below these levels then the index can drift to the levels of around 9020 to 9070 where lows for the month of April-2017 and the index has opened gap up. During the week the index manages to hit a low of 9270 and close the week around the levels of 9285.
Minor support for the index lies in the zone of 9250 to 9270. Support for the index lies in the zone of 9170 to 9220 from where the index has opened gap up. If the index manages to close below these levels then the index can drift to the levels of around 9020 to 9070 where lows for the month of April-2017 and the index has opened gap up.
Minor resistance for the index lies in the zone of 9340 to 9360. Resistance for the index lies in the zone of 9420 to 9460 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 9600.
Broad range for the week is seen from 9100 on downside & 9500 on upside.
Weekly Outlook for Nifty and major indices (October 10, 2016 - October 14, 2016)equitypandit
Nifty ended the week on positive note gaining around 1.00%.
As we have mentioned last week that resistance for the index lies in the zone of 8680 to 8720 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September - 2016. During the week the index manages to hit a high of 8807 and close the week around the levels of 8697.
Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July - 2016 and August - 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500. If the index manages to break this trend-line, the up-trend in which the index is moving since March will be broken and we can see the index drifting lower. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of 8350 and then 8000 levels can also be not ruled out.
Minor resistance for the index lies in the zone of 8680 to 8720. Resistance for the index lies in the zone of 8810 to 8850 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September - 2016.
Broad range for the week is seen from 8500 on downside to 8900 on upside.
Weekly Outlook for Nifty and major indices (October 03, 2016 - October 07, 2016)equitypandit
Nifty ended the week on negative note losing around 2.50%.
As we have mentioned last week that support for the index lies in the zone of 8680 to 8710 from where the index broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where short term moving averages are lying. During the week the index manages to hit a low of 8555 and close the week around the levels of 8611.
Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July - 2016 and August - 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500. If the index manages to break this trend-line the up-trend in which the index is moving since March will be broken and we can see the index drifting lower. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of 8350 and then 8000 levels can also be not ruled out.
Resistance for the index lies in the zone of 8680 to 8720 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September - 2016.
Broad range for the week is seen from 8300 on downside to 8850 on upside.
Weekly Outlook for Nifty and major indices (February 29, 2016 - March 04, 2016)equitypandit
Nifty ended the week on negative note losing around 2.40%.
As we have mentioned last week that resistance for the index lies in the zone of 7240 where the index has formed a previous bottom. If the index manages to close above this levels then the index can move to the levels of 7500 from where the index has broken down after making the double bottom. During the week the index manages to hit a high of 7252 and sold off to close the week around the levels of 7036.
Support for the index lies in the zone of 6950 to 7000 where the index has formed a short term bottom. If the index manages to close below this levels then the index can drift to the levels of 6700 where 1000 Daily SMA and 200 Weekly SMA are positioned.
Resistance for the index lies in the zone of 7240 where the index has formed a previous bottom. If the index manages to close above this levels then the index can move to the levels of 7500 from where the index has broken down after making the double bottom.
The index is positioned around the trend-line support which is holding the index in every correction since February - 2015. If the index can hold this levels and if the global turmoil settles then the index can witness a significant bounce which can take the index to the levels of 8000.
Broad range for the week is seen from 7000 on downside to 7300 on upside.
Weekly Outlook for Nifty and major indices (02/05/2017 to 05/05/2017)equitypandit
Nifty closed the week on positive note gaining around 2.00%.
As we have mentioned last week that minor resistance for the index lies in the zone of 9170 to 9200. Resistance for the index lies in the zone of 9220 to 9250 from where the index sold off on intraday basis. If the index manages to close above these levels then the index can move to the levels of around 9300 to 9350. During the week the index manages to hit a high of 9367 and close the week around the levels of 9304.
Minor support for the index lies in the zone of 9250 to 9270. Support for the index lies in the zone of 9170 to 9220 from where the index has opened gap up. If the index manages to close below these levels then the index can drift to the levels of around 9020 to 9070 where lows for the month of April-2017 and the index has opened gap up.
Minor resistance for the index lies in the zone of 9340 to 9360. Resistance for the index lies in the zone of 9420 to 9460 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 9600.
Broad range for the week is seen from 9100 on downside & 9500 on upside.
Weekly Outlook for Nifty and major indices (December 12, 2016 - December 16, ...equitypandit
Nifty ended the week on positive note gaining around 2.20%.
As we have mentioned last week that resistance for the index lies in the zone of 8250 to 8300 where the index can form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying. During the week the index manages to hit a high of 8275 and close the week around the levels of 8262.
Minor support for the index lies in the zone of 8100 to 8150 on intraday basis. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500.
Resistance for the index lies in the zone of 8250 to 8300 where the index can form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying.
Next week on 13th & 14th December the market has to deal with major event as FED is meeting for the Rate Hike decision. Generally the Rate Hike decision is a setback for the emerging markets in short term so Markets can be highly volatile.
Broad range for the week is seen from 7850 on downside to 8450 on upside.
Weekly Outlook for Nifty and major indices (October 05, 2015 to October 10, 2...equitypandit
CNX Nifty ended the week on positive note gaining around 1%.
As we have mentioned last week that it seems the index is moving in the range of 7700 to 7750 on downside to 8000 to 8050 on upside. During the week, the index hit a low of 7691 and high of 8008.
As seen from the chart the index is forming a Inverse Head & Shoulder pattern on daily charts. Neckline for the inverse Head & Shoulder pattern lies around the levels of 8030.
If the index manages to close above the levels of 8050 with heavy volumes, then the index can move to the levels of 8250 to 8300 where 100 & 200 Daily SMA are positioned. Targets for the inverse Head & Shoulder pattern can be in the range of 8550 to 8600.
If the index manages to close below the levels of 7700 where 100 Weekly SMA is lying, then the index can drift to the levels of 7550 to 7600 where 500 Daily SMA.
Broad range for the week is seen from 7700 on downside to 8100 on upside.
Weekly Outlook for Nifty and major indices (November 09, 2015 - November 13, ...equitypandit
CNX Nifty ended the week on negative note losing around 1.3%.
As we have mentioned last week that resistance for the index lies in the zone of 8200 where 100 Daily SMA is lying. If the index manages to close above this levels on closing basis then the index can move to the levels of 8400 where 200 Daily SMA and trend-line resistance for the index is positioned. During the week the index manages to hit a high of 8116 and sold off to close the week around the levels of 7962.
Support for the index lies in the zone of 7900 to 7950. If the index breaks below this levels on closing basis then the index can drift to the levels of 7700 where trend-line, 500 Daily SMA & 100 Weekly SMA supports are positioned.
Resistance for the index lies in the zone of 8100 where short term moving averages are positioned. If the index manages to close above this levels on closing basis then the index can move to the levels of 8200 where 100 Daily SMA.
Broad range for the week is seen from 7800 on downside to 8100 on upside.
Weekly Outlook for Nifty and major indices (December 26, 2016 - December 30, ...equitypandit
Nifty ended the week on negative note losing around 1.90%.
As we have mentioned last week that minor support for the index lies in the zone of 8100 to 8150 on intraday basis. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500. During the week the index manages to hit a low of 7942 and close the week around the levels of 7986.
Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500 to 7700.
Minor resistance for the index lies in the zone of 8050 to 8100. Resistance for the index lies in the zone of 8250 to 8300 where the index has form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying.
Broad range for the week is seen from 7750 on downside to 8150 on upside.
Weekly Outlook for Nifty and major indices (November 28, 2016 - December 02, ...equitypandit
Nifty ended the week on positive note gaining around 0.50%.
As we have mentioned last week that the index has closed just below the 200 Daily SMA. Support for the index lies in the zone of 8000 to 8100 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500. During the week the index manages to hit a low of 7916 and close the week around the levels of 8114.
The index has closed just below the 200 Daily SMA. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500.
Resistance for the index lies in the zone of 8250 to 8300 where the index can form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying.
The index can form a H & S pattern where left shoulder is from 8000 to 8300 and Head being the rally from 8000 to 8950 and a drop to the levels of 8000. So it may be possible that the index can bounce from these levels of 8000 to 8300 to complete the right shoulder.
Broad range for the week is seen from 7950 on downside to 8350 on upside.
Weekly Outlook for Nifty and major indices (01 November, 2016 to 04 November,...equitypandit
Nifty ended the week on negative note losing around 0.60%.
As we have mentioned last week that minor resistance for the index lies in the zone of 8650 to 8700. Resistance for the index lies in the zone of 8810 to 8850 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September - 2016. During the week the index manages to hit a high of 8737 and close the week around the levels of 8638.
Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July - 2016 and August - 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500 to 8550. If the index manages to break this trend-line, the up-trend in which the index is moving since March will be broken and we can see the index drifting lower. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of 8350 and then 8000 levels can also be not ruled out.
Minor resistance for the index lies in the zone of 8680 to 8720. Resistance for the index lies in the zone of 8810 to 8850 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September - 2016.
Broad range for the week is seen from 8450 on downside to 8850 on upside.
Weekly Outlook for Nifty and major indices (24/04/2017 to 28/04/2017)equitypandit
Nifty closed the week on negative note losing around 0.30%.
As we have mentioned last week that minor resistance for the index lies in the zone of 9220 to 9240. Resistance for the index lies in the zone of 9270 to 9300. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying. During the week the index manages to hit a high of 9218 and close the week around the levels of 9119.
Minor support for the index lies in the zone of 9070 to 9080. Support for the index lies in the zone of 9020 to 9050 where the index has formed a short term bottom. If the index manages to close below these levels then the index can drift to the levels of 8930 to 8970 where the index has formed a gap on gap up opening.
Minor resistance for the index lies in the zone of 9170 to 9200. Resistance for the index lies in the zone of 9220 to 9250 from where the index sold off on intraday basis. If the index manages to close above these levels then the index can move to the levels of around 9300 to 9350.
Broad range for the week is seen from 8900 on downside & 9300 on upside.
Weekly Outlook for Nifty and major indices (October 24, 2016 - October 28, 2016)equitypandit
Nifty ended the week on positive note gaining around 1.30%.
As we have mentioned last week that support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July - 2016 and August - 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of 8350 and then 8000 levels can also be not ruled out. During the week the index manages to hit a low of 8506 and close the week around the levels of 8693.
Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July - 2016 and August - 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500. If the index manages to break this trend-line, the up-trend in which the index is moving since March will be broken and we can see the index drifting lower. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of 8350 and then 8000 levels can also be not ruled out.
Minor resistance for the index lies in the zone of 8650 to 8700. Resistance for the index lies in the zone of 8810 to 8850 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September - 2016.
Broad range for the week is seen from 8450 on downside to 8850 on upside.
Weekly Outlook for Nifty and major indices (January 02, 2017 - January 06, 2017)equitypandit
Nifty ended the week on positive note gaining around 2.50%.
As we have mentioned last week that support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500 to 7700. During the week the index manages to hit a low of 7894 and close the week around the levels of 8186.
Minor support for the index lies in the zone of 8080 to 8120. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500 to 7700.
Resistance for the index lies in the zone of 8250 to 8300 where the index has form a right shoulder of the H & S pattern and medium & long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying.
Broad range for the week is seen from 8000 on downside to 8400 on upside.
Weekly Outlook for Nifty and major indices (10/04/2017 to 13/04/2017)equitypandit
Nifty closed the week on positive note gaining around 0.30%.
As we have mentioned last week that minor resistance for the index lies in the zone of 9150 to 9180. Resistance for the index lies in the zone of 9220 to 9250 where the index has formed a top in the month of March-2017. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying. During the week the index manages to hit a high of 9274 and close the week around the levels of 9198.
Minor support for the index lies in the zone of 9120 to 9140. Support for the index lies in the zone of 9020 to 9050 where the index has formed a short term bottom. If the index manages to close below these levels then the index can drift to the levels of 8930 to 8970 where the index has formed a gap on gap up opening.
Minor resistance for the index lies in the zone of 9220 to 9240. Resistance for the index lies in the zone of 9270 to 9300. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying.
Broad range for the week is seen from 9000 on downside & 9400 on upside.
Weekly Outlook for Nifty and major indices (03/04/2017 to 07/04/2017)equitypandit
Nifty closed the week on positive note gaining around 0.70%.
As we have mentioned last week that minor resistance for the index lies in the zone of 9150 to 9180. Resistance for the index lies in the zone of 9220 to 9250 where the index has formed a short term top. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying. During the week the index manages to hit a high of 9192 and close the week around the levels of 9169.
Minor support for the index lies in the zone of 9100 to 9130. Support for the index lies in the zone of 9020 to 9050 where the index has formed a short term bottom. If the index manages to close below these levels then the index can drift to the levels of 8930 to 8970 where the index has formed a gap on gap up opening.
Minor resistance for the index lies in the zone of 9150 to 9180. Resistance for the index lies in the zone of 9220 to 9250 where the index has formed a top in the month of March-2017. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying.
Broad range for the week is seen from 9000 on downside & 9400 on upside.
Weekly Outlook for Nifty and major indices (February 27, 2017 - March 03, 2017)equitypandit
Nifty ended the week on positive note gaining around 1.30%.
As we have mentioned last week that minor resistance for the index lies in the zone of 8800 to 8820. Resistance for the index lies in the zone of 8900 to 8950 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9050 to 9100 where life time highs for the index is lying. During the week the index manages to hit a high of 8982 and close the week around the levels of 8939.
Minor support for the index lies in the zone of 8840 to 8880. Support for the index lies in the zone of 8780 to 8810 where the index had opened gap up. If the index manages to close below these levels then the index can drift of 8600 to 8650 from where the index broke out of January-2017 highs.
Resistance for the index lies in the zone of 8900 to 8950 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9050 to 9100 where life time highs for the index is lying.
Broad range for the week is seen from 8700 on downside to 9100 on upside.
Weekly Outlook for Nifty and major indices (February 20, 2017 - February 24, ...equitypandit
Nifty ended the week on positive note gaining around 0.30%.
As we have mentioned last week that minor support for the index lies in the zone of 8680 to 8720. Support for the index lies in the zone of 8460 to 8510 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift of 8280 to 8330 from where the index broke out of the declining trend-line and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 8100 to 8150 where Fibonacci levels and highs of December-2016 are lying. During the week the index manages to hit a low of 8713 and close the week around the levels of 8822.
Minor support for the index lies in the zone of 8720 to 8750. Support for the index lies in the zone of 8550 to 8600 from where the index broke out. If the index manages to close below these levels then the index can drift of 8350 to 8400 where Fibonacci levels and 200 Daily SMA is lying.
Minor resistance for the index lies in the zone of 8800 to 8820. Resistance for the index lies in the zone of 8900 to 8950 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9050 to 9100 where life time highs for the index is lying.
Broad range for the week is seen from 8700 on downside to 9100 on upside.
Weekly Outlook for Nifty and major Indices (June 27, 2016 to July 01, 2016)equitypandit
Nifty ended the week on negative note losing around 1.00%.
As we have mentioned last week that resistance for the index lies in the zone of 8280 to 8340 where the index has created the gap on gap down opening in the month of Aug - 2015. If the index manages to close above these levels then the index can move to the levels of 8600 to 8650 levels. During the week the index manages to hit a high of 8285 and close the week around the levels of 8089.
Support for the index lies in the zone of 8000 from where the index has broken out from the triple top formation. If the index manages to close below these levels then the index can drift to the levels of 7770 to 7800 where 200 Daily SMA is lying.
Resistance for the index lies in the zone of 8280 to 8340 where the index has created the gap on gap down opening in the month of Aug - 2015. If the index manages to close above these levels then the index can move to the levels of 8600 to 8650 levels.
Broad range for the week is seen from 7800 on downside to 8300 on upside.
Weekly Outlook for Nifty and major indices (August 29, 2016 to September 02, ...equitypandit
Nifty ended the week on negative note losing around 1.10%.
As we have mentioned last week that minor support for the index lies in the zone of 8550 to 8600. Support for the index lies in the zone of 8350 to 8400 where the index has created the gap up opening on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8250 where medium term moving averages are lying. During the week the index manages to hit a low of 8547 and close the week around the levels of 8573.
Support for the index lies in the zone of 8350 to 8400 where the index has created the gap up opening on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 8200 to 8250 where medium term moving averages are lying.
Resistance for the index lies in the zone of 8700 to 8750 levels where the index has made a short term top. If the index manages to close above these levels then the index can move to the levels of 8800 to 8850.
The index has broken the inclining H & S pattern formed from 8530 to 8730. Neckline for H & S pattern is around the levels of 8580. The index has closed below the neckline levels and the target for the same can be around the levels of 8350 to 8400.
Broad range for the week is seen from 8350 on downside to 8700 on upside.
Weekly Outlook for Nifty and major indices (March 08, 2016 - March 11, 2016)equitypandit
Nifty ended the week on positive note gaining around 6.70%.
As we have mentioned last week that resistance for the index lies in the zone of 7240 where the index has formed a previous bottom. If the index manages to close above this levels then the index can move to the levels of 7500 from where the index has broken down after making the double bottom. During the week the index manages to hit a high of 7506 and close the week around the highest levels.
Support for the index lies in the zone of 7230 to 7280 from where the index has broken out of the short term top. If the index manages to close below this levels then the index can drift to the levels of 6900 where channel support for the index is lying.
Index has closed around the resistance zone of 7500 from where the index has broken down after making the double bottom pattern. If the index manages to close above this levels then the index can move to the levels of 7700 where 100 Daily SMA is lying.
The index is positioned around the trend-line support which is holding the index in every correction since February - 2015. If the index can hold this levels and if the global turmoil settles then the index can witness a significant bounce which can take the index to the levels of 8000.
Broad range for the week is seen from 7200 on downside to 7700 on upside.
Weekly Outlook for Nifty and major indices (February 04, 2017 - February 10, ...equitypandit
Nifty ended the week on positive note gaining around 1.20%.
As we have mentioned last week that resistance for the index lies in the zone of 8680 to 8720 from where the index sold off in the month of October-2016. If the index manages to close above these levels then the index can move to the levels of 8880 to 8920. During the week the index manages to hit a high of 8758 and close the week around the levels of 8741.
Minor support for the index lies in the zone of 8650 to 8680. Support for the index lies in the zone of 8460 to 8510 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift of 8280 to 8320 from where the index broke out of the declining trend-line and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 8100 to 8150 where Fibonacci levels and highs of December-2016 are lying.
Minor resistance for the index lies in the zone of 8800 to 8820. Resistance for the index lies in the zone of 8900 to 8950 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9050 to 9100 where life time highs for the index is lying.
Broad range for the week is seen from 8500 on downside to 9000 on upside.
Weekly Outlook for Nifty and major indices (08-05-2017 to 12-05-2017)equitypandit
Nifty closed the week on negative note losing around 0.20%.
As we have mentioned last week that minor support for the index lies in the zone of 9250 to 9270. Support for the index lies in the zone of 9170 to 9220 from where the index has opened gap up. If the index manages to close below these levels then the index can drift to the levels of around 9020 to 9070 where lows for the month of April-2017 and the index has opened gap up. During the week the index manages to hit a low of 9270 and close the week around the levels of 9285.
Minor support for the index lies in the zone of 9250 to 9270. Support for the index lies in the zone of 9170 to 9220 from where the index has opened gap up. If the index manages to close below these levels then the index can drift to the levels of around 9020 to 9070 where lows for the month of April-2017 and the index has opened gap up.
Minor resistance for the index lies in the zone of 9340 to 9360. Resistance for the index lies in the zone of 9420 to 9460 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 9600.
Broad range for the week is seen from 9100 on downside & 9500 on upside.
Weekly Outlook for Nifty and major indices (October 10, 2016 - October 14, 2016)equitypandit
Nifty ended the week on positive note gaining around 1.00%.
As we have mentioned last week that resistance for the index lies in the zone of 8680 to 8720 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September - 2016. During the week the index manages to hit a high of 8807 and close the week around the levels of 8697.
Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July - 2016 and August - 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500. If the index manages to break this trend-line, the up-trend in which the index is moving since March will be broken and we can see the index drifting lower. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of 8350 and then 8000 levels can also be not ruled out.
Minor resistance for the index lies in the zone of 8680 to 8720. Resistance for the index lies in the zone of 8810 to 8850 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September - 2016.
Broad range for the week is seen from 8500 on downside to 8900 on upside.
Weekly Outlook for Nifty and major indices (October 03, 2016 - October 07, 2016)equitypandit
Nifty ended the week on negative note losing around 2.50%.
As we have mentioned last week that support for the index lies in the zone of 8680 to 8710 from where the index broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 8600 to 8650 where short term moving averages are lying. During the week the index manages to hit a low of 8555 and close the week around the levels of 8611.
Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July - 2016 and August - 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500. If the index manages to break this trend-line the up-trend in which the index is moving since March will be broken and we can see the index drifting lower. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of 8350 and then 8000 levels can also be not ruled out.
Resistance for the index lies in the zone of 8680 to 8720 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September - 2016.
Broad range for the week is seen from 8300 on downside to 8850 on upside.
Weekly Outlook for Nifty and major indices (February 29, 2016 - March 04, 2016)equitypandit
Nifty ended the week on negative note losing around 2.40%.
As we have mentioned last week that resistance for the index lies in the zone of 7240 where the index has formed a previous bottom. If the index manages to close above this levels then the index can move to the levels of 7500 from where the index has broken down after making the double bottom. During the week the index manages to hit a high of 7252 and sold off to close the week around the levels of 7036.
Support for the index lies in the zone of 6950 to 7000 where the index has formed a short term bottom. If the index manages to close below this levels then the index can drift to the levels of 6700 where 1000 Daily SMA and 200 Weekly SMA are positioned.
Resistance for the index lies in the zone of 7240 where the index has formed a previous bottom. If the index manages to close above this levels then the index can move to the levels of 7500 from where the index has broken down after making the double bottom.
The index is positioned around the trend-line support which is holding the index in every correction since February - 2015. If the index can hold this levels and if the global turmoil settles then the index can witness a significant bounce which can take the index to the levels of 8000.
Broad range for the week is seen from 7000 on downside to 7300 on upside.
Weekly Outlook for Nifty and major indices (02/05/2017 to 05/05/2017)equitypandit
Nifty closed the week on positive note gaining around 2.00%.
As we have mentioned last week that minor resistance for the index lies in the zone of 9170 to 9200. Resistance for the index lies in the zone of 9220 to 9250 from where the index sold off on intraday basis. If the index manages to close above these levels then the index can move to the levels of around 9300 to 9350. During the week the index manages to hit a high of 9367 and close the week around the levels of 9304.
Minor support for the index lies in the zone of 9250 to 9270. Support for the index lies in the zone of 9170 to 9220 from where the index has opened gap up. If the index manages to close below these levels then the index can drift to the levels of around 9020 to 9070 where lows for the month of April-2017 and the index has opened gap up.
Minor resistance for the index lies in the zone of 9340 to 9360. Resistance for the index lies in the zone of 9420 to 9460 where Fibonacci extension is lying. If the index manages to close above these levels then the index can move to the levels of 9600.
Broad range for the week is seen from 9100 on downside & 9500 on upside.
Weekly Outlook for Nifty and major indices (December 12, 2016 - December 16, ...equitypandit
Nifty ended the week on positive note gaining around 2.20%.
As we have mentioned last week that resistance for the index lies in the zone of 8250 to 8300 where the index can form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying. During the week the index manages to hit a high of 8275 and close the week around the levels of 8262.
Minor support for the index lies in the zone of 8100 to 8150 on intraday basis. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500.
Resistance for the index lies in the zone of 8250 to 8300 where the index can form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying.
Next week on 13th & 14th December the market has to deal with major event as FED is meeting for the Rate Hike decision. Generally the Rate Hike decision is a setback for the emerging markets in short term so Markets can be highly volatile.
Broad range for the week is seen from 7850 on downside to 8450 on upside.
Weekly Outlook for Nifty and major indices (October 05, 2015 to October 10, 2...equitypandit
CNX Nifty ended the week on positive note gaining around 1%.
As we have mentioned last week that it seems the index is moving in the range of 7700 to 7750 on downside to 8000 to 8050 on upside. During the week, the index hit a low of 7691 and high of 8008.
As seen from the chart the index is forming a Inverse Head & Shoulder pattern on daily charts. Neckline for the inverse Head & Shoulder pattern lies around the levels of 8030.
If the index manages to close above the levels of 8050 with heavy volumes, then the index can move to the levels of 8250 to 8300 where 100 & 200 Daily SMA are positioned. Targets for the inverse Head & Shoulder pattern can be in the range of 8550 to 8600.
If the index manages to close below the levels of 7700 where 100 Weekly SMA is lying, then the index can drift to the levels of 7550 to 7600 where 500 Daily SMA.
Broad range for the week is seen from 7700 on downside to 8100 on upside.
Weekly Outlook for Nifty and major indices (November 09, 2015 - November 13, ...equitypandit
CNX Nifty ended the week on negative note losing around 1.3%.
As we have mentioned last week that resistance for the index lies in the zone of 8200 where 100 Daily SMA is lying. If the index manages to close above this levels on closing basis then the index can move to the levels of 8400 where 200 Daily SMA and trend-line resistance for the index is positioned. During the week the index manages to hit a high of 8116 and sold off to close the week around the levels of 7962.
Support for the index lies in the zone of 7900 to 7950. If the index breaks below this levels on closing basis then the index can drift to the levels of 7700 where trend-line, 500 Daily SMA & 100 Weekly SMA supports are positioned.
Resistance for the index lies in the zone of 8100 where short term moving averages are positioned. If the index manages to close above this levels on closing basis then the index can move to the levels of 8200 where 100 Daily SMA.
Broad range for the week is seen from 7800 on downside to 8100 on upside.
Weekly Outlook for Nifty and major indices (December 26, 2016 - December 30, ...equitypandit
Nifty ended the week on negative note losing around 1.90%.
As we have mentioned last week that minor support for the index lies in the zone of 8100 to 8150 on intraday basis. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500. During the week the index manages to hit a low of 7942 and close the week around the levels of 7986.
Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500 to 7700.
Minor resistance for the index lies in the zone of 8050 to 8100. Resistance for the index lies in the zone of 8250 to 8300 where the index has form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying.
Broad range for the week is seen from 7750 on downside to 8150 on upside.
Weekly Outlook for Nifty and major indices (November 28, 2016 - December 02, ...equitypandit
Nifty ended the week on positive note gaining around 0.50%.
As we have mentioned last week that the index has closed just below the 200 Daily SMA. Support for the index lies in the zone of 8000 to 8100 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500. During the week the index manages to hit a low of 7916 and close the week around the levels of 8114.
The index has closed just below the 200 Daily SMA. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500.
Resistance for the index lies in the zone of 8250 to 8300 where the index can form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying.
The index can form a H & S pattern where left shoulder is from 8000 to 8300 and Head being the rally from 8000 to 8950 and a drop to the levels of 8000. So it may be possible that the index can bounce from these levels of 8000 to 8300 to complete the right shoulder.
Broad range for the week is seen from 7950 on downside to 8350 on upside.
Weekly Outlook for Nifty and major indices (01 November, 2016 to 04 November,...equitypandit
Nifty ended the week on negative note losing around 0.60%.
As we have mentioned last week that minor resistance for the index lies in the zone of 8650 to 8700. Resistance for the index lies in the zone of 8810 to 8850 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September - 2016. During the week the index manages to hit a high of 8737 and close the week around the levels of 8638.
Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July - 2016 and August - 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500 to 8550. If the index manages to break this trend-line, the up-trend in which the index is moving since March will be broken and we can see the index drifting lower. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of 8350 and then 8000 levels can also be not ruled out.
Minor resistance for the index lies in the zone of 8680 to 8720. Resistance for the index lies in the zone of 8810 to 8850 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September - 2016.
Broad range for the week is seen from 8450 on downside to 8850 on upside.
Weekly Outlook for Nifty and major indices (24/04/2017 to 28/04/2017)equitypandit
Nifty closed the week on negative note losing around 0.30%.
As we have mentioned last week that minor resistance for the index lies in the zone of 9220 to 9240. Resistance for the index lies in the zone of 9270 to 9300. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying. During the week the index manages to hit a high of 9218 and close the week around the levels of 9119.
Minor support for the index lies in the zone of 9070 to 9080. Support for the index lies in the zone of 9020 to 9050 where the index has formed a short term bottom. If the index manages to close below these levels then the index can drift to the levels of 8930 to 8970 where the index has formed a gap on gap up opening.
Minor resistance for the index lies in the zone of 9170 to 9200. Resistance for the index lies in the zone of 9220 to 9250 from where the index sold off on intraday basis. If the index manages to close above these levels then the index can move to the levels of around 9300 to 9350.
Broad range for the week is seen from 8900 on downside & 9300 on upside.
Weekly Outlook for Nifty and major indices (October 24, 2016 - October 28, 2016)equitypandit
Nifty ended the week on positive note gaining around 1.30%.
As we have mentioned last week that support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July - 2016 and August - 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of 8350 and then 8000 levels can also be not ruled out. During the week the index manages to hit a low of 8506 and close the week around the levels of 8693.
Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July - 2016 and August - 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500. If the index manages to break this trend-line, the up-trend in which the index is moving since March will be broken and we can see the index drifting lower. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of 8350 and then 8000 levels can also be not ruled out.
Minor resistance for the index lies in the zone of 8650 to 8700. Resistance for the index lies in the zone of 8810 to 8850 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September - 2016.
Broad range for the week is seen from 8450 on downside to 8850 on upside.
Weekly Outlook for Nifty and major indices (January 02, 2017 - January 06, 2017)equitypandit
Nifty ended the week on positive note gaining around 2.50%.
As we have mentioned last week that support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500 to 7700. During the week the index manages to hit a low of 7894 and close the week around the levels of 8186.
Minor support for the index lies in the zone of 8080 to 8120. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500 to 7700.
Resistance for the index lies in the zone of 8250 to 8300 where the index has form a right shoulder of the H & S pattern and medium & long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying.
Broad range for the week is seen from 8000 on downside to 8400 on upside.
Weekly Outlook for Nifty and major indices (10/04/2017 to 13/04/2017)equitypandit
Nifty closed the week on positive note gaining around 0.30%.
As we have mentioned last week that minor resistance for the index lies in the zone of 9150 to 9180. Resistance for the index lies in the zone of 9220 to 9250 where the index has formed a top in the month of March-2017. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying. During the week the index manages to hit a high of 9274 and close the week around the levels of 9198.
Minor support for the index lies in the zone of 9120 to 9140. Support for the index lies in the zone of 9020 to 9050 where the index has formed a short term bottom. If the index manages to close below these levels then the index can drift to the levels of 8930 to 8970 where the index has formed a gap on gap up opening.
Minor resistance for the index lies in the zone of 9220 to 9240. Resistance for the index lies in the zone of 9270 to 9300. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying.
Broad range for the week is seen from 9000 on downside & 9400 on upside.
Weekly Outlook for Nifty and major indices (03/04/2017 to 07/04/2017)equitypandit
Nifty closed the week on positive note gaining around 0.70%.
As we have mentioned last week that minor resistance for the index lies in the zone of 9150 to 9180. Resistance for the index lies in the zone of 9220 to 9250 where the index has formed a short term top. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying. During the week the index manages to hit a high of 9192 and close the week around the levels of 9169.
Minor support for the index lies in the zone of 9100 to 9130. Support for the index lies in the zone of 9020 to 9050 where the index has formed a short term bottom. If the index manages to close below these levels then the index can drift to the levels of 8930 to 8970 where the index has formed a gap on gap up opening.
Minor resistance for the index lies in the zone of 9150 to 9180. Resistance for the index lies in the zone of 9220 to 9250 where the index has formed a top in the month of March-2017. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying.
Broad range for the week is seen from 9000 on downside & 9400 on upside.
Weekly Outlook for Nifty and major indices (17/04/2017 to 21/04/2017)equitypandit
Nifty closed the week on negative note losing around 0.50%.
As we have mentioned last week that minor resistance for the index lies in the zone of 9220 to 9240. Resistance for the index lies in the zone of 9270 to 9300. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying. During the week the index manages to hit a high of 9246 and close the week around the levels of 9151.
Minor support for the index lies in the zone of 9120 to 9140. Support for the index lies in the zone of 9020 to 9050 where the index has formed a short term bottom. If the index manages to close below these levels then the index can drift to the levels of 8930 to 8970 where the index has formed a gap on gap up opening.
Minor resistance for the index lies in the zone of 9220 to 9240. Resistance for the index lies in the zone of 9270 to 9300. If the index manages to close above these levels then the index can move to the levels of 9400 to 9450 where Fibonacci extension is lying.
Broad range for the week is seen from 8900 on downside & 9300 on upside.
Weekly Outlook for Nifty and major indices (February 13, 2017 - February 17, ...equitypandit
Nifty ended the week on positive note gaining around 0.60%.
As we have mentioned last week that minor resistance for the index lies in the zone of 8800 to 8820. Resistance for the index lies in the zone of 8900 to 8950 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9050 to 9100 where life time highs for the index is lying. During the week the index manages to hit a hit of 8822 and close the week around the levels of 8794.
Minor support for the index lies in the zone of 8680 to 8720. Support for the index lies in the zone of 8460 to 8510 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift of 8280 to 8330 from where the index broke out of the declining trend-line and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 8100 to 8150 where Fibonacci levels and highs of December-2016 are lying.
Minor resistance for the index lies in the zone of 8800 to 8820. Resistance for the index lies in the zone of 8900 to 8950 where the index had made a top in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 9050 to 9100 where life time highs for the index is lying.
Broad range for the week is seen from 8600 on downside to 9000 on upside.
Weekly Outlook for Nifty and major indices (December 19, 2016 - December 23, ...equitypandit
Nifty ended the week on negative note losing around 1.48%.
As we have mentioned last week that minor support for the index lies in the zone of 8100 to 8150 on intraday basis. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500. During the week the index manages to hit a low of 8122 and close the week around the levels of 8139.
Minor support for the index lies in the zone of 8100 to 8150 on intraday basis. Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500.
Resistance for the index lies in the zone of 8250 to 8300 where the index can form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying.
Broad range for the week is seen from 7900 on downside to 8300 on upside.
Weekly Outlook for Nifty and major indices (November 21, 2016 - November 25, ...equitypandit
Nifty ended the week on negative note losing around 2.70%.
As we have mentioned last week that support for the index lies in the zone of 8000 to 8200 levels where long term moving averages are lying and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500. During the week the index manages to hit a low of 8048 and close the week around the levels of 8074.
The index has closed just below the 200 Daily SMA. Support for the index lies in the zone of 8000 to 8100 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500.
Resistance for the index lies in the zone of 8250 to 8300 where the index can form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying.
The index can form a H & S pattern where left shoulder is from 8000 to 8300 and Head being the rally from 8000 to 8950 and a drop to the levels of 8000. So it may be possible that the index can bounce from these levels of 8000 to 8300 to complete the right shoulder. Coming few weeks are very crucial for the markets as the levels of 8000 may be make or break levels.
Broad range for the week is seen from 7800 on downside to 8200 on upside.
Weekly Outlook for Nifty and major indices (December 05, 2016 - December 09, ...equitypandit
Nifty ended the week on negative note losing around 0.30%.
As we have mentioned last week that resistance for the index lies in the zone of 8250 to 8300 where the index can form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying. So it may be possible that the index can bounce from these levels of 8000 to 8300 to complete the right shoulder. During the week the index manages to hit a high of 8251 and close the week around the levels of 8087.
Support for the index lies in the zone of 7900 to 8000 levels from where the index has bounced couple of times in recent past and this range is the strong support zone for the index. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of around 7500.
Resistance for the index lies in the zone of 8250 to 8300 where the index can form a right shoulder of the H & S pattern. If the index manages to close above these levels then the index can move to the levels of 8450 to 8500 where neckline of the H & S pattern of 8500 to 8900 is lying.
Now in coming weeks if the index breaks below the levels of 7900 to 8000 on closing basis then index can form a Bearish H & S pattern. The targets for the same can be in the range of 7100 to 7200.
Broad range for the week is seen from 7850 on downside to 8350 on upside.
Weekly Outlook for Nifty and major indices (October 17, 2016 - October 21, 2016)equitypandit
Nifty ended the week on negative note losing around 1.30%.
As we have mentioned last week that Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July - 2016 and August - 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500. If the index manages to break this trend-line, the up-trend in which the index is moving since March will be broken and we can see the index drifting lower. During the week the index manages to hit a low of 8541 and close the week around the levels of 8583.
Support for the index lies in the zone of 8500 to 8550 from where the index has bounced in the month of July - 2016 and August - 2016. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 8500. If the index manages to break this trend-line, the up-trend in which the index is moving since March will be broken and we can see the index drifting lower. If the index breaks below these levels on closing basis for couple of days then the index can drift to the levels of 8350 and then 8000 levels can also be not ruled out.
Minor resistance for the index lies in the zone of 8650 to 8700. Resistance for the index lies in the zone of 8810 to 8850 levels from where the index has broken down. If the index closes above these levels then the index can move to the levels of 8900 to 8950 where the index has made a top in the month of September - 2016.
Broad range for the week is seen from 8300 on downside to 8700 on upside.
Weekly Outlook for Nifty and major indices (September 07, 2015 to September 1...equitypandit
CNX Nifty ended the week on negative note losing more than 4%.
As we have mentioned last week that if the index breaks below the levels of 7800 the index can move to the levels of 7600 and the index hit a low of 7627 during the week.
During the week the index could not manage to move above the levels of 8100 and the index sold off to the levels of around 7600.
Technically the index is trading below short term and long term moving averages which suggest the index is trading very weak and the high volatility can be witnessed during the week.
Coming week we can expect the markets to be quite volatile and broad range for the week can be 7400 on downside to 7900 on upside.
If the index breaks below the levels of 7620, where downward moving trend-line is positioned, the index can move to the levels of 7500 where 500 Daily SMA is positioned.
If the index manages to move above the levels of 7820 the index can move to the levels of 8000.
Range of the week is seen from 7400 to 7500 on downside to 7850 to 7900 on upside.
Weekly Outlook for Nifty IT and its main components (March 06, 2017 to March ...equitypandit
Nifty IT index ended the week on positive note gaining around 1.00%.
As we have mentioned last week that resistance for the index lies in the zone of 10800 to 10850 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 11000 where long term Fibonacci levels are lying. During the week the index manages to hit a high of 10819 and close the week around the levels of 10806.
Minor support for the index lies in the zone of 10700 to 10750. Support for the index lies in the zone of 10500 to 10600 from where the index has broken out from the double top pattern and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 10300 to 10350 where Fibonacci levels and short term moving averages are lying.
Resistance for the index lies in the zone of 10800 to 10850 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 11000 where long term Fibonacci levels are lying.
Broad range for the index in the coming week is seen from 10600 to 10650 on downside and 10950 to 11000 on upside.
Weekly Outlook for Nifty IT and its main components (01 November, 2016 to 04 ...equitypandit
Nifty IT index ended the week on negative note losing around 4.00%.
As we have mentioned last week that minor support for the index lies in the zone of 10280 to 10320. Support for the index lies in the zone of 10000 to 10100 from where the index has bounced in the month of February - 2016. The index has seen a major breakdown and no support is visible. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9600. During the week the index manages to hit a low of 10027 and close the week around the levels of 10048.
Support for the index lies in the zone of 10000 to 10100 from where the index has bounced in the month of February - 2016. The index has seen a major breakdown and no support is visible. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9600.
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 the double bottom pattern and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10900 to 11000 where long term moving averages are lying.
Broad range for the index in the coming week is seen from 9700 to 9750 on downside to 10300 to 10400 on upside.
Similar to Weekly Outlook for Nifty and major indices (07/08/2017 to 11/08/2017) (11)
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The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
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While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
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how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247