Nifty IT index ended the week on negative note losing around 1.60%.
As we have mentioned last week that minor resistance for the index lies in the zone of 10200 to 10300. Resistance for the index lies around 10500 to 10600 from where the index has broken down from 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. During the week the index manages to hit a high of 10109 and close the week around the levels of 9924.
The index has closed below the major support 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.
Resistance for the index lies in the zone of 10000 to 10200 from where the index has broken down from the February - 2016 lows. If the index manages to close above these levels then the index can move to the levels of around 10500 to 10600 from where the index has broken down from the double bottom pattern.
Broad range for the index in the coming week is seen from 9700 to 9750 on downside to 10200 to 10300 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.
Weekly Outlook for Nifty IT and its main components (June 27, 2016 to July 01...equitypandit
Nifty IT index ended the week on negative note losing around 0.80%.
As we have mentioned last week that support for the index lies in the zone of 11100 to 11200 where short term moving averages and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 10700 to 10800 from where the index has bounced in the month of March - 2016. During the week the index manages to hit a low of 11043 and close the week around the levels of 11203.
Support for the index lies in the zone of 11100 to 11200 where medium term moving averages & 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 10700 to 10800 from where the index has bounced in the month of March - 2016.
Minor resistance for the index lies in the zone of 11400 to 11500. Resistance for the index lies in the zone of 11650 to 11700 where the index has hit a high in the month of April - 2016. If the index manages to close above these levels then the index can move to the levels of 12000 from where the index has sold off in the month of Oct - 2015.
Broad range for the index in the coming week is seen from 10700 on downside to 11500 on upside.
Weekly Outlook for NIFTY FMCG and its main components (December 19, 2016 - De...equitypandit
Nifty FMCG index closed the week on negative note losing around 3.10%.
As we have mentioned last week that resistance for the index lies in the zone of 20600 to 20800 from where the index has broken down from the June-2016 lows and also long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 21000 to 21100 from where the index has broken down from the October-2016 lows. During the week the index manages to hit a high of 20547 and close the week around the levels of 19997.
Minor support for the index lies in the zone of 20000 to 20100. Support for the index lies in the zone of 19500 to 19600 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 19000 to 19100 where the index has taken support in the month of March-2016 and May-2016.
Minor resistance for the index lies in the zone of 20300 to 20400. Resistance for the index lies in the zone of 20600 to 20800 from where the index has broken down from the June-2016 lows and also long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 21000 to 21100 from where the index has broken down from the October-2016 lows.
Broad range for the index in the coming week is seen from 19100 to 19200 on downside to 20500 to 20600 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 FMCG and its main components (November 28, 2016 to D...equitypandit
Nifty FMCG index closed the week on positive note gaining around 1.00%.
As we have mentioned last week that minor support for the index lies in the zone of 19500. Support for the index lies in the zone of 19000 to 19100 where the index has taken support in the month of March-2016 and May-2016. If the index manages to close below these levels then the index can drift to the levels of 18000 from where the index has bounced in the month of February-2016. During the week the index manages to hit a low of 19659 and close the week around the levels of 20157.
Minor support for the index lies in the zone of 19900 to 20000. Support for the index lies in the zone of 19500 to 19600 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 19000 to 19100 where the index has taken support in the month of March-2016 and May-2016.
Resistance for the index lies in the zone of 20500 to 20700 from where the index has broken down from the June-2016 lows and also long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 21000 to 21100 from where the index has broken down from the October-2016 lows.
Broad range for the index in the coming week is seen from 19200 to 19300 on downside to 20700 to 20800 on upside.
Weekly Outlook for NIFTY FMCG and its main components (December 05, 2016 - De...equitypandit
Nifty FMCG index closed the week on absolutely flat note.
As we have mentioned last week that resistance for the index lies in the zone of 20500 to 20700 from where the index has broken down from the June-2016 lows and also long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 21000 to 21100 from where the index has broken down from the October-2016 lows. During the week the index manages to hit a high of 20671 and close the week around the levels 20180.
Minor support for the index lies in the zone of 19900 to 20000. Support for the index lies in the zone of 19500 to 19600 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 19000 to 19100 where the index has taken support in the month of March-2016 and May-2016.
Resistance for the index lies in the zone of 20500 to 20700 from where the index has broken down from the June-2016 lows and also long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 21000 to 21100 from where the index has broken down from the October-2016 lows.
Broad range for the index in the coming week is seen from 19200 to 19300 on downside to 20700 to 20800 on upside.
Weekly Outlook for NIFTY FMCG and its main components (November 07, 2016 - No...Jagrut Shah
Nifty FMCG index closed the week on positive note gaining around 0.80%.
As we have mentioned last week that support for the index lies in the zone of 21100 to 21300 from where the index has broken out of the top of June - 2016. If the index manages to close below these levels then the index can drift to the levels of 20500 where 200 Daily SMA is lying and trend-line joining lows of March - 2016 and May - 2016 is lying. During the week the index manages to hit a low of 21084 and close the week around the levels of 21659.
Support for the index lies in the zone of 21100 to 21300 from where the index has broken out of the top of June - 2016. If the index manages to close below these levels then the index can drift to the levels of 20500 where 200 Daily SMA is lying and trend-line joining lows of March - 2016 and May - 2016 is lying.
Minor resistance for the index lies in the zone of 21700 to 21900 from where the index has broken down from the lows of July - 2016 and August - 2016. If the index manages to close above these levels then the index can move to the levels of 22300 to 22500.
Broad range for the index in the coming week is seen from 20800 to 20900 on downside to 22000 to 22100 on upside.
Weekly Outlook for Nifty FMCG and its main components (March 08, 2016 to Marc...equitypandit
Nifty FMCG index closed the week on positive note gaining around 4.90%.
As we have mentioned last week that resistance for the index lies in the zone of 18600 to 18700 where trend-line joining lows on 13-10-14 and 15-06-15 is lying. If the index manages to close above this levels then the index can move to the levels of 19400 where 500 Daily SMA is lying. During the week the index manages to hit a high of 19666 and close the week around the levels of 19191.
The index has closed around the strong resistance zone of 19500 to 19600 where 100 & 500 Daily SMA and channel resistance is lying. If the index manages to close above this levels then the index can move to the levels of 19800 to 20000 where 200 Daily SMA is lying.
Minor support for the index lies in the zone of 18600 to 18800 where the index has formed a short term top. If the index manages close below this levels then the index can drift to the levels of 17200 to 17500 where 1000 Daily SMA and 200 Weekly SMA is lying.
Broad range for the index in the coming week is seen from 18500 on downside to 19800 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.
Weekly Outlook for Nifty IT and its main components (June 27, 2016 to July 01...equitypandit
Nifty IT index ended the week on negative note losing around 0.80%.
As we have mentioned last week that support for the index lies in the zone of 11100 to 11200 where short term moving averages and 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 10700 to 10800 from where the index has bounced in the month of March - 2016. During the week the index manages to hit a low of 11043 and close the week around the levels of 11203.
Support for the index lies in the zone of 11100 to 11200 where medium term moving averages & 200 Daily SMA is lying. If the index manages to close below these levels then the index can drift to the levels of 10700 to 10800 from where the index has bounced in the month of March - 2016.
Minor resistance for the index lies in the zone of 11400 to 11500. Resistance for the index lies in the zone of 11650 to 11700 where the index has hit a high in the month of April - 2016. If the index manages to close above these levels then the index can move to the levels of 12000 from where the index has sold off in the month of Oct - 2015.
Broad range for the index in the coming week is seen from 10700 on downside to 11500 on upside.
Weekly Outlook for NIFTY FMCG and its main components (December 19, 2016 - De...equitypandit
Nifty FMCG index closed the week on negative note losing around 3.10%.
As we have mentioned last week that resistance for the index lies in the zone of 20600 to 20800 from where the index has broken down from the June-2016 lows and also long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 21000 to 21100 from where the index has broken down from the October-2016 lows. During the week the index manages to hit a high of 20547 and close the week around the levels of 19997.
Minor support for the index lies in the zone of 20000 to 20100. Support for the index lies in the zone of 19500 to 19600 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 19000 to 19100 where the index has taken support in the month of March-2016 and May-2016.
Minor resistance for the index lies in the zone of 20300 to 20400. Resistance for the index lies in the zone of 20600 to 20800 from where the index has broken down from the June-2016 lows and also long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 21000 to 21100 from where the index has broken down from the October-2016 lows.
Broad range for the index in the coming week is seen from 19100 to 19200 on downside to 20500 to 20600 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 FMCG and its main components (November 28, 2016 to D...equitypandit
Nifty FMCG index closed the week on positive note gaining around 1.00%.
As we have mentioned last week that minor support for the index lies in the zone of 19500. Support for the index lies in the zone of 19000 to 19100 where the index has taken support in the month of March-2016 and May-2016. If the index manages to close below these levels then the index can drift to the levels of 18000 from where the index has bounced in the month of February-2016. During the week the index manages to hit a low of 19659 and close the week around the levels of 20157.
Minor support for the index lies in the zone of 19900 to 20000. Support for the index lies in the zone of 19500 to 19600 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 19000 to 19100 where the index has taken support in the month of March-2016 and May-2016.
Resistance for the index lies in the zone of 20500 to 20700 from where the index has broken down from the June-2016 lows and also long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 21000 to 21100 from where the index has broken down from the October-2016 lows.
Broad range for the index in the coming week is seen from 19200 to 19300 on downside to 20700 to 20800 on upside.
Weekly Outlook for NIFTY FMCG and its main components (December 05, 2016 - De...equitypandit
Nifty FMCG index closed the week on absolutely flat note.
As we have mentioned last week that resistance for the index lies in the zone of 20500 to 20700 from where the index has broken down from the June-2016 lows and also long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 21000 to 21100 from where the index has broken down from the October-2016 lows. During the week the index manages to hit a high of 20671 and close the week around the levels 20180.
Minor support for the index lies in the zone of 19900 to 20000. Support for the index lies in the zone of 19500 to 19600 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 19000 to 19100 where the index has taken support in the month of March-2016 and May-2016.
Resistance for the index lies in the zone of 20500 to 20700 from where the index has broken down from the June-2016 lows and also long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 21000 to 21100 from where the index has broken down from the October-2016 lows.
Broad range for the index in the coming week is seen from 19200 to 19300 on downside to 20700 to 20800 on upside.
Weekly Outlook for NIFTY FMCG and its main components (November 07, 2016 - No...Jagrut Shah
Nifty FMCG index closed the week on positive note gaining around 0.80%.
As we have mentioned last week that support for the index lies in the zone of 21100 to 21300 from where the index has broken out of the top of June - 2016. If the index manages to close below these levels then the index can drift to the levels of 20500 where 200 Daily SMA is lying and trend-line joining lows of March - 2016 and May - 2016 is lying. During the week the index manages to hit a low of 21084 and close the week around the levels of 21659.
Support for the index lies in the zone of 21100 to 21300 from where the index has broken out of the top of June - 2016. If the index manages to close below these levels then the index can drift to the levels of 20500 where 200 Daily SMA is lying and trend-line joining lows of March - 2016 and May - 2016 is lying.
Minor resistance for the index lies in the zone of 21700 to 21900 from where the index has broken down from the lows of July - 2016 and August - 2016. If the index manages to close above these levels then the index can move to the levels of 22300 to 22500.
Broad range for the index in the coming week is seen from 20800 to 20900 on downside to 22000 to 22100 on upside.
Weekly Outlook for Nifty FMCG and its main components (March 08, 2016 to Marc...equitypandit
Nifty FMCG index closed the week on positive note gaining around 4.90%.
As we have mentioned last week that resistance for the index lies in the zone of 18600 to 18700 where trend-line joining lows on 13-10-14 and 15-06-15 is lying. If the index manages to close above this levels then the index can move to the levels of 19400 where 500 Daily SMA is lying. During the week the index manages to hit a high of 19666 and close the week around the levels of 19191.
The index has closed around the strong resistance zone of 19500 to 19600 where 100 & 500 Daily SMA and channel resistance is lying. If the index manages to close above this levels then the index can move to the levels of 19800 to 20000 where 200 Daily SMA is lying.
Minor support for the index lies in the zone of 18600 to 18800 where the index has formed a short term top. If the index manages close below this levels then the index can drift to the levels of 17200 to 17500 where 1000 Daily SMA and 200 Weekly SMA is lying.
Broad range for the index in the coming week is seen from 18500 on downside to 19800 on upside.
Weekly Outlook for Precious Metal, Energy & Metals (February 20, 2017 - Febru...equitypandit
GOLD (29360) closed the week with a positive note gaining around 0.65%.
As we have mentioned last week that support for the commodity Gold lies in the zone of around 28850 to 28900 from where the commodity broke out and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28200 to 28300 where Fibonacci levels, short term moving averages and short term bottom is lying. During the week the commodity manages to hit a low of 28872 and close the week around the levels of 29360.
Minor support for the commodity lies in the zone of 29120 to 29170. Support for the commodity Gold lies in the zone of around 28850 to 28900 from where the commodity broke out, Fibonacci levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28200 to 28300 where Fibonacci levels, short term moving averages and short term bottom is lying.
Minor resistance for the commodity lies in the zone of 29400 to 29450. Resistance for the commodity Gold lies in the zone of 29650 to 26750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying.
Broad range for the commodity in the coming week can be seen between 28800 - 28900 on downside and 29700 - 29800 on upside.
Weekly Outlook for Precious Metal, Energy & Metalsequitypandit
GOLD (28366) closed the week with a negative note losing around 2.20%.
As we have mentioned last week that minor resistance for the commodity lies in the zone of 29250 to 29350. Resistance for the commodity lies in the zone of 29650 to 26750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 29189 and sold off to close the week around the levels of 28366.
Support for the commodity lies in the zone of 28100 to 28200 where Fibonacci level and short term bottom is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27500 to 27600.
Minor resistance for the commodity lies in the zone of 28400 to 28500. Resistance for the commodity lies in the zone of 28650 to 28750 where short & medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28850 to 29000 where Fibonacci levels and lows for the month of February-2017 are lying.
Broad range for the commodity in the coming week can be seen between 27500 - 27600 on downside & 28900 - 29000 on upside.
Weekly Outlook for Precious Metal, Energy & Metals (March 06, 2017 - March 10...equitypandit
GOLD (29020) closed the week with a negative note losing around 2.00%.
As we have mentioned last week that resistance for the commodity lies in the zone of 29650 to 29750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 29785 and close the week around the levels of 29020.
Support for the commodity lies in the zone of 28800 to 29000 where Fibonacci level and low for the month of February-2017 is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28400 to 28500.
Minor resistance for the commodity lies in the zone of 29250 to 29350. Resistance for the commodity lies in the zone of 29650 to 26750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying.
Broad range for the commodity in the coming week can be seen between 28400 - 28500 on downside & 29500 - 29600 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 Precious Metal, Energy & Metals (February 27, 2017 - March...equitypandit
GOLD (29623) closed the week with a positive note gaining around 0.90%.
As we have mentioned last week that minor resistance for the commodity lies in the zone of 29400 to 29450. Resistance for the commodity Gold lies in the zone of 29650 to 26750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 29640 and close the week around the levels of 29623.
Minor support for the commodity lies in the zone of 29400 to 29450. Support for the commodity lies in the zone of 29300 to 29350 from where the commodity broke out on intraday basis. If the commodity manages to close below these levels then the commodity can drift to the levels of 29000 to 29100 where Fibonacci level is lying.
Resistance for the commodity lies in the zone of 29650 to 26750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying.
Broad range for the commodity in the coming week can be seen between 29100 - 29200 on downside and 29900 - 30000 on upside.
Weekly Outlook for Precious Metal, Energy and Metals (27/03/2017 to 31/03/2017)equitypandit
GOLD (28793) closed the week on a positive note gaining around 1.00%.
As we have mentioned last week that resistance for the commodity lies in the zone of 28650 to 28750 where short & medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28850 to 29000 where Fibonacci levels and lows for the month of February-2017 are lying. During the week the commodity manages to hit a high of 28948 and close the week around the levels of 28793.
Minor support for the commodity lies in the zone of 28600 to 28650. Support for the commodity lies in the zone of 28400 to 28500 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels of 28100 to 28200 where Fibonacci level and short term bottom is lying.
Resistance for the commodity lies in the zone of 28900 to 29000 where Fibonacci levels and lows for the month of February-2017 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29300 to 29400 from where the commodity sold off in the month of March-2017.
Broad range for the commodity in the coming week can be seen between 28400 - 28500 on downside & 29200 - 29300 on upside.
Weekly Outlook for Precious Metal, Energy & Metals (February 13, 2017 - Febru...equitypandit
GOLD (29173) closed the week with a positive note gaining around 0.35%.
Support for the commodity Gold lies in the zone of around 28850 to 28900 from where the commodity broke out and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28200 to 28300 where Fibonacci levels, short term moving averages and short term bottom is lying.
Minor resistance for the commodity lies in the zone of 29400 to 29450. Resistance for the commodity Gold lies in the zone of 29650 to 26750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying.
Broad range for the commodity in the coming week can be seen between 28500 - 28600 on downside and 29600 - 29700 on upside.
Weekly Outlook for Precious Metals, Energy and Metals (21/08/2017 to 25/08/2017)equitypandit
GOLD (29163) closed the week on negative note losing around 0.10%.
As we have mentioned last week, that support for the commodity lies in the zone of 28900 to 29000 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where medium and long term moving averages are lying. During the week the commodity manages to hit a low of 28800 and close the week around the levels of 29163.
Support for the commodity lies in the zone of 28900 to 29000 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where medium and long term moving averages are lying.
Resistance for the commodity lies in the zone of 29550 to 29650 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can witness a major break-out and the commodity can move to the levels of 30200 to 30300 where Fibonacci level is lying.
Broad range for the commodity in the coming week can be seen between 28500 - 28600 on downside & 29600 - 29700 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 Precious Metal, Energy & Metals (02/05/2017 to 05/05/2017)equitypandit
GOLD (28873) closed the week on negative note losing around 1.80%.
As we have mentioned last week that minor support for the commodity lies in the zone of 29200 to 29250. Support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28400 to 28500 from where the commodity broke out. During the week the commodity manages to hit a low of 28660 and close the week around the levels of 28873.
Support for the commodity lies in the zone of 28400 to 28500 from where the commodity broke out and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28100 to 28200 where Fibonacci levels are lying.
Resistance for the commodity lies in the zone of 29000 to 29100 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29400 to 29500 from where the commodity sold off in the month of March-2017 and 200 Daily moving average is lying.
Broad range for the commodity in the coming week can be seen between 28100 - 28200 on downside & 29400 - 29500 on upside.
Weekly Outlook for Precious Metal, Energy and Metals for the week (08-05-2017...equitypandit
GOLD (28072) closed the week on negative note losing around 2.80%.
As we have mentioned last week that support for the commodity lies in the zone of 28400 to 28500 from where the commodity broke out and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28100 to 28200 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 28020 and close the week around the levels of 28072.
Support for the commodity lies in the zone of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017. If the commodity manages to close below these levels then the commodity can witness a freefall and commodity can drift to the levels of 26800 to 26900 where the commodity has formed a bottom in the month of December-2016.
Resistance for the commodity lies in the zone of 28200 to 28300 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28500 to 28600 where 200 Daily moving average is lying.
Broad range for the commodity in the coming week can be seen between 27100 - 27200 on downside & 29000 - 29100 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 Precious Metals, Energy and Metals (28/08/2017 to 01/09/2017)equitypandit
GOLD (29167) closed the week on absolutely flat note.
As we have mentioned last week, that support for the commodity lies in the zone of 28900 to 29000 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where medium and long term moving averages are lying. During the week the commodity manages to hit a low of 28777 and close the week around the levels of 29167
Support for the commodity lies in the zone of 28900 to 29000 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where medium and long term moving averages are lying.
Resistance for the commodity lies in the zone of 29550 to 29650 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can witness a major break-out and the commodity can move to the levels of 30200 to 30300 where Fibonacci level is lying.
Broad range for the commodity in the coming week can be seen between 28500 - 28600 on downside & 29600 - 29700 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 (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 Precious Metal, Energy and Metals (03/04/2017 to 07/04/2017)equitypandit
GOLD (28463) closed the week on a negative note losing around 1.15%.
As we have mentioned last week that minor support for the commodity lies in the zone of 28600 to 28650. Support for the commodity lies in the zone of 28400 to 28500 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels of 28100 to 28200 where Fibonacci level and short term bottom is lying. During the week the commodity manages to hit a low of 28420 and close the week around the levels of 28463.
Support for the commodity lies in the zone of 28400 to 28500 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels of 28100 to 28200 where Fibonacci level and short term bottom is lying.
Minor resistance for the commodity lies in the zone of 28550 to 28625. Resistance for the commodity lies in the zone of 28900 to 29000 where Fibonacci levels and lows for the month of February-2017 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29300 to 29400 from where the commodity sold off in the month of March-2017.
Broad range for the commodity in the coming week can be seen between 28000 - 28100 on downside & 28900 - 29000 on upside.
Weekly Outlook for Precious Metal, Energy & Metals (17/07/2017 - 21/07/2017)equitypandit
GOLD (27996) closed the week on positive note gaining around 0.80%.
As we have mentioned last week that the commodity has broken down from the long term trend-line support. Support for the commodity lies in the zone of 27500 to 27600 where long term Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 26800 to 26900 where the commodity has formed a bottom in the month of December-2016. During the week the commodity manages to hit a low of 27603 and close the week around the levels of 27996.
The commodity has broken down from the long term trend-line support. Minor support for the commodity lies in the zone of 27800 to 27850. Support for the commodity lies in the zone of 27500 to 27600 where long term Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 26800 to 26900 where the commodity has formed a bottom in the month of December-2016.
Resistance for the commodity lies in the zone of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017 & May-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 28200 to 28300 where Fibonacci level is lying.
Broad range for the commodity in the coming week can be seen between 27500 - 27600 on downside & 28300 - 28400 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 (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 (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 Precious Metal, Energy & Metals (February 20, 2017 - Febru...equitypandit
GOLD (29360) closed the week with a positive note gaining around 0.65%.
As we have mentioned last week that support for the commodity Gold lies in the zone of around 28850 to 28900 from where the commodity broke out and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28200 to 28300 where Fibonacci levels, short term moving averages and short term bottom is lying. During the week the commodity manages to hit a low of 28872 and close the week around the levels of 29360.
Minor support for the commodity lies in the zone of 29120 to 29170. Support for the commodity Gold lies in the zone of around 28850 to 28900 from where the commodity broke out, Fibonacci levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28200 to 28300 where Fibonacci levels, short term moving averages and short term bottom is lying.
Minor resistance for the commodity lies in the zone of 29400 to 29450. Resistance for the commodity Gold lies in the zone of 29650 to 26750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying.
Broad range for the commodity in the coming week can be seen between 28800 - 28900 on downside and 29700 - 29800 on upside.
Weekly Outlook for Precious Metal, Energy & Metalsequitypandit
GOLD (28366) closed the week with a negative note losing around 2.20%.
As we have mentioned last week that minor resistance for the commodity lies in the zone of 29250 to 29350. Resistance for the commodity lies in the zone of 29650 to 26750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 29189 and sold off to close the week around the levels of 28366.
Support for the commodity lies in the zone of 28100 to 28200 where Fibonacci level and short term bottom is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27500 to 27600.
Minor resistance for the commodity lies in the zone of 28400 to 28500. Resistance for the commodity lies in the zone of 28650 to 28750 where short & medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28850 to 29000 where Fibonacci levels and lows for the month of February-2017 are lying.
Broad range for the commodity in the coming week can be seen between 27500 - 27600 on downside & 28900 - 29000 on upside.
Weekly Outlook for Precious Metal, Energy & Metals (March 06, 2017 - March 10...equitypandit
GOLD (29020) closed the week with a negative note losing around 2.00%.
As we have mentioned last week that resistance for the commodity lies in the zone of 29650 to 29750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 29785 and close the week around the levels of 29020.
Support for the commodity lies in the zone of 28800 to 29000 where Fibonacci level and low for the month of February-2017 is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28400 to 28500.
Minor resistance for the commodity lies in the zone of 29250 to 29350. Resistance for the commodity lies in the zone of 29650 to 26750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying.
Broad range for the commodity in the coming week can be seen between 28400 - 28500 on downside & 29500 - 29600 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 Precious Metal, Energy & Metals (February 27, 2017 - March...equitypandit
GOLD (29623) closed the week with a positive note gaining around 0.90%.
As we have mentioned last week that minor resistance for the commodity lies in the zone of 29400 to 29450. Resistance for the commodity Gold lies in the zone of 29650 to 26750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 29640 and close the week around the levels of 29623.
Minor support for the commodity lies in the zone of 29400 to 29450. Support for the commodity lies in the zone of 29300 to 29350 from where the commodity broke out on intraday basis. If the commodity manages to close below these levels then the commodity can drift to the levels of 29000 to 29100 where Fibonacci level is lying.
Resistance for the commodity lies in the zone of 29650 to 26750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying.
Broad range for the commodity in the coming week can be seen between 29100 - 29200 on downside and 29900 - 30000 on upside.
Weekly Outlook for Precious Metal, Energy and Metals (27/03/2017 to 31/03/2017)equitypandit
GOLD (28793) closed the week on a positive note gaining around 1.00%.
As we have mentioned last week that resistance for the commodity lies in the zone of 28650 to 28750 where short & medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28850 to 29000 where Fibonacci levels and lows for the month of February-2017 are lying. During the week the commodity manages to hit a high of 28948 and close the week around the levels of 28793.
Minor support for the commodity lies in the zone of 28600 to 28650. Support for the commodity lies in the zone of 28400 to 28500 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels of 28100 to 28200 where Fibonacci level and short term bottom is lying.
Resistance for the commodity lies in the zone of 28900 to 29000 where Fibonacci levels and lows for the month of February-2017 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29300 to 29400 from where the commodity sold off in the month of March-2017.
Broad range for the commodity in the coming week can be seen between 28400 - 28500 on downside & 29200 - 29300 on upside.
Weekly Outlook for Precious Metal, Energy & Metals (February 13, 2017 - Febru...equitypandit
GOLD (29173) closed the week with a positive note gaining around 0.35%.
Support for the commodity Gold lies in the zone of around 28850 to 28900 from where the commodity broke out and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28200 to 28300 where Fibonacci levels, short term moving averages and short term bottom is lying.
Minor resistance for the commodity lies in the zone of 29400 to 29450. Resistance for the commodity Gold lies in the zone of 29650 to 26750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying.
Broad range for the commodity in the coming week can be seen between 28500 - 28600 on downside and 29600 - 29700 on upside.
Weekly Outlook for Precious Metals, Energy and Metals (21/08/2017 to 25/08/2017)equitypandit
GOLD (29163) closed the week on negative note losing around 0.10%.
As we have mentioned last week, that support for the commodity lies in the zone of 28900 to 29000 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where medium and long term moving averages are lying. During the week the commodity manages to hit a low of 28800 and close the week around the levels of 29163.
Support for the commodity lies in the zone of 28900 to 29000 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where medium and long term moving averages are lying.
Resistance for the commodity lies in the zone of 29550 to 29650 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can witness a major break-out and the commodity can move to the levels of 30200 to 30300 where Fibonacci level is lying.
Broad range for the commodity in the coming week can be seen between 28500 - 28600 on downside & 29600 - 29700 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 Precious Metal, Energy & Metals (02/05/2017 to 05/05/2017)equitypandit
GOLD (28873) closed the week on negative note losing around 1.80%.
As we have mentioned last week that minor support for the commodity lies in the zone of 29200 to 29250. Support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28400 to 28500 from where the commodity broke out. During the week the commodity manages to hit a low of 28660 and close the week around the levels of 28873.
Support for the commodity lies in the zone of 28400 to 28500 from where the commodity broke out and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28100 to 28200 where Fibonacci levels are lying.
Resistance for the commodity lies in the zone of 29000 to 29100 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29400 to 29500 from where the commodity sold off in the month of March-2017 and 200 Daily moving average is lying.
Broad range for the commodity in the coming week can be seen between 28100 - 28200 on downside & 29400 - 29500 on upside.
Weekly Outlook for Precious Metal, Energy and Metals for the week (08-05-2017...equitypandit
GOLD (28072) closed the week on negative note losing around 2.80%.
As we have mentioned last week that support for the commodity lies in the zone of 28400 to 28500 from where the commodity broke out and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28100 to 28200 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 28020 and close the week around the levels of 28072.
Support for the commodity lies in the zone of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017. If the commodity manages to close below these levels then the commodity can witness a freefall and commodity can drift to the levels of 26800 to 26900 where the commodity has formed a bottom in the month of December-2016.
Resistance for the commodity lies in the zone of 28200 to 28300 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28500 to 28600 where 200 Daily moving average is lying.
Broad range for the commodity in the coming week can be seen between 27100 - 27200 on downside & 29000 - 29100 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 Precious Metals, Energy and Metals (28/08/2017 to 01/09/2017)equitypandit
GOLD (29167) closed the week on absolutely flat note.
As we have mentioned last week, that support for the commodity lies in the zone of 28900 to 29000 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where medium and long term moving averages are lying. During the week the commodity manages to hit a low of 28777 and close the week around the levels of 29167
Support for the commodity lies in the zone of 28900 to 29000 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where medium and long term moving averages are lying.
Resistance for the commodity lies in the zone of 29550 to 29650 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can witness a major break-out and the commodity can move to the levels of 30200 to 30300 where Fibonacci level is lying.
Broad range for the commodity in the coming week can be seen between 28500 - 28600 on downside & 29600 - 29700 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 (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 Precious Metal, Energy and Metals (03/04/2017 to 07/04/2017)equitypandit
GOLD (28463) closed the week on a negative note losing around 1.15%.
As we have mentioned last week that minor support for the commodity lies in the zone of 28600 to 28650. Support for the commodity lies in the zone of 28400 to 28500 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels of 28100 to 28200 where Fibonacci level and short term bottom is lying. During the week the commodity manages to hit a low of 28420 and close the week around the levels of 28463.
Support for the commodity lies in the zone of 28400 to 28500 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels of 28100 to 28200 where Fibonacci level and short term bottom is lying.
Minor resistance for the commodity lies in the zone of 28550 to 28625. Resistance for the commodity lies in the zone of 28900 to 29000 where Fibonacci levels and lows for the month of February-2017 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29300 to 29400 from where the commodity sold off in the month of March-2017.
Broad range for the commodity in the coming week can be seen between 28000 - 28100 on downside & 28900 - 29000 on upside.
Weekly Outlook for Precious Metal, Energy & Metals (17/07/2017 - 21/07/2017)equitypandit
GOLD (27996) closed the week on positive note gaining around 0.80%.
As we have mentioned last week that the commodity has broken down from the long term trend-line support. Support for the commodity lies in the zone of 27500 to 27600 where long term Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 26800 to 26900 where the commodity has formed a bottom in the month of December-2016. During the week the commodity manages to hit a low of 27603 and close the week around the levels of 27996.
The commodity has broken down from the long term trend-line support. Minor support for the commodity lies in the zone of 27800 to 27850. Support for the commodity lies in the zone of 27500 to 27600 where long term Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 26800 to 26900 where the commodity has formed a bottom in the month of December-2016.
Resistance for the commodity lies in the zone of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017 & May-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 28200 to 28300 where Fibonacci level is lying.
Broad range for the commodity in the coming week can be seen between 27500 - 27600 on downside & 28300 - 28400 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 (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 (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 (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 (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 (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 (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 (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 (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 (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 (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 (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 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 (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 (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 (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 (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 (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.
Similar to Weekly Outlook for Nifty IT and its main components (November 07, 2016 to November 11, 2016) (17)
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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
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
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
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
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
